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
£ 1300
per

Your estimated
City
free-cash

Dresden , Germany
£393
£488
£439
£580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
trade
-
-
-
141
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.

-
-
-
377
health

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

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

-
-
-
59
surtax

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

-
-
-
21
total
-
-
-
598
Employee

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

332
-
1 300
-
health

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

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

59
-
59
-
surtax

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

1
-
21
-
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
-
377
-
total
69
-
457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
968
1 300
-
-
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
11
-
-
income
145
195
-
-
trade
153
205
-
-
chamber of commerce
3
3
-
-
total
309
414
-
-
Dividends
660
886
-
-
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.

9
12
-
-
withholding
162
218
-
-
total
171
230
-
-
Income
1 300
1 300
1 300
1 300
Total tax
549
644
457
598
After tax
751
656
843
702
Living cost
263
263
263
263
Free-cash
488
393
580
439

Estimated living cost  is £263 per week

£165
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
£373
£366
£333
£343
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
-
-
-
1 300
municipal
-
-
-
141
pensions
-
-
-
156
national
-
-
-
218
social contributions
-
-
-
14
total
-
-
-
529
Employee
678
-
1 124
-
municipal
84
-
146
-
pensions
27
-
45
-
national
130
-
226
-
total
241
-
417
-
Employer
678
-
1 124
-
social contributions
7
-
12
-
pensions
54
-
90
-
total
61
-
102
-
Corporate
515
1 300
-
-
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%.

103
260
-
-
total
103
260
-
-
Dividends
412
1 040
-
-
withholding
91
229
-
-
total
91
229
-
-
Income
1 300
1 300
1 300
1 300
Total tax
496
489
519
529
After tax
804
811
781
771
Living cost
438
438
438
438
Free-cash
366
373
343
333

Estimated living cost  is £438 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£860
£789
£243
£611
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.

-
-
-
1 300
microenterprise
-
-
-
-
income
-
-
-
213
surtax
-
-
-
332
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.

-
-
-
332
total
-
-
-
877
Employee
253
-
933
-
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
-
103
-
surtax
-
-
-
-
income
45
-
181
-
total
73
-
284
-
Employer
253
-
933
-
social contributions

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

61
-
225
-
surtax
-
-
-
-
total
61
-
225
-
Corporate
986
1 300
-
-
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%.

197
260
-
-
total
197
260
-
-
Dividends

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

788
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
331
260
509
877
After tax
969
1 040
791
423
Living cost
180
180
180
180
Free-cash
789
860
611
243

Estimated living cost  is £180 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£276
£223
£370
£424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
358
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
567
Employee
741
741
1 139
-
health
114
97
107
-
income

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

121
121
143
-
pensions
133
102
102
-
total
368
320
352
-
Employer
741
741
1 139
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
51
51
64
-
total
130
130
161
-
Corporate
439
430
-
-
income
88
86
-
-
total
88
86
-
-
Dividends
351
344
-
-
income
75
73
-
-
withholding
53
52
-
-
total
128
125
-
-
Income
1 300
1 300
1 300
1 300
Total tax
714
661
513
567
After tax
586
639
787
733
Living cost
363
363
363
363
Free-cash
223
276
424
370

Estimated living cost  is £363 per week

£257
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.
£67
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
£376
£369
£345
£337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
municipal
-
-
-
324
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
85
total
-
-
-
621
Employee
476
-
1 070
-
municipal
142
-
319
-
national
-
-
81
-
total
142
-
400
-
Employer
476
-
1 070
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
674
1 300
-
-
income
148
286
-
-
total
148
286
-
-
Dividends
526
1 014
-
-
withholding
158
304
-
-
total
158
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
597
590
629
621
After tax
703
710
671
679
Living cost
334
334
334
334
Free-cash
369
376
337
345

Estimated living cost  is £334 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£308
£430
£354
£502
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.

-
-
-
1 300
trade
-
-
-
148
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.

-
-
-
377
health

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

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

-
-
-
59
surtax

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

-
-
-
21
total
-
-
-
605
Employee

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

440
-
1 300
-
health

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

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

59
-
59
-
surtax

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

2
-
21
-
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
-
377
-
total
99
-
457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
860
1 300
-
-
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
-
-
income
129
195
-
-
trade
141
214
-
-
chamber of commerce
3
3
-
-
total
280
423
-
-
Dividends
580
877
-
-
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
142
216
-
-
total
150
228
-
-
Income
1 300
1 300
1 300
1 300
Total tax
529
651
457
605
After tax
771
649
843
695
Living cost
341
341
341
341
Free-cash
430
308
502
354

Estimated living cost  is £341 per week

£228
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
£669
£633
£619
£607
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
-
-
-
1 300
income
-
-
-
227
health
-
-
-
33
social contributions
-
-
-
140
total
-
-
-
400
Employee
667
667
1 203
-
social contributions
32
55
75
-
health
7
11
20
-
income
70
62
220
-
total
109
128
315
-
Employer
667
667
1 203
-
social contributions
32
55
75
-
health
7
12
22
-
total
39
67
97
-
Corporate
870
565
-
-
income
109
71
-
-
total
109
71
-
-
Dividends
761
495
-
-
withholding
129
84
-
-
total
129
84
-
-
Income
1 300
1 300
1 300
1 300
Total tax
386
350
412
400
After tax
914
950
888
900
Living cost
281
281
281
281
Free-cash
633
669
607
619

Estimated living cost  is £281 per week

£192
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.
£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

Source of data for Limassol model

Close
Budapest , Hungary
£574
£576
£743
£597
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
-
-
-
1 300
income
-
-
-
159
pensions
-
-
-
130
unemployment
-
-
-
20
health
-
-
-
91
total
-
-
-
400
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.

227
90
1 088
-
health
16
6
76
-
income
28
11
133
-
pensions
23
9
109
-
unemployment
3
1
16
-
total
70
27
334
-
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.

227
90
1 088
-
pensions
44
18
212
-
total
44
18
212
-
Corporate
1 029
1 192
-
-
income
93
107
-
-
total
93
107
-
-
Dividends
936
1 085
-
-
social contributions
182
211
-
-
withholding
178
206
-
-
total
360
417
-
-
Income
1 300
1 300
1 300
1 300
Total tax
567
569
546
400
After tax
733
731
754
900
Living cost
157
157
157
157
Free-cash
576
574
597
743

Estimated living cost  is £157 per week

£107
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
£830
£776
£487
£541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
174
pensions
-
-
-
260
health
-
-
-
169
total
-
-
-
603
Employee
246
-
972
-
income
28
-
187
-
pensions
5
-
19
-
unemployment
4
-
16
-
total
37
-
222
-
Employer
246
-
972
-
unemployment
2
-
8
-
pensions
49
-
194
-
health
32
-
126
-
total
83
-
328
-
Corporate
971
1 300
-
-
income
194
260
-
-
total
194
260
-
-
Dividends
777
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
314
260
550
603
After tax
986
1 040
750
697
Living cost
210
210
210
210
Free-cash
776
830
541
487

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£84
£77
£700
£509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
accident
-
-
-
2
income
-
-
-
351
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
411
Employee
298
-
1 157
-
health
34
-
133
-
income
41
-
261
-
pensions
34
-
66
-
total
109
-
460
-
Employer
298
-
1 157
-
accident
5
-
19
-
unemployment
7
-
28
-
pensions
48
-
95
-
total
60
-
142
-
Corporate
941
1 300
-
-
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.

847
1 170
-
-
total
847
1 170
-
-
Dividends
94
130
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 034
1 195
602
411
After tax
266
105
698
889
Living cost
189
189
189
189
Free-cash
77
-84
509
700

Estimated living cost  is £189 per week

£139
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

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
£1156
£1141
£1208
£961
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%.

-
-
-
1 300
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
-
1 300
-
income
20
-
260
-
total
20
-
260
-
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%.

1 201
1 300
-
-
total
-
-
-
-
Dividends
1 201
1 300
-
-
withholding
60
65
-
-
total
60
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
80
65
260
13
After tax
1 220
1 235
1 040
1 287
Living cost
79
79
79
79
Free-cash
1 141
1 156
961
1 208

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
£724
£666
£457
£512
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
-
-
-
1 300
income
-
-
-
181
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.

-
-
-
312
other
-
-
-
62
health
-
-
-
57
total
-
-
-
612
Employee
315
-
1 038
-
health
4
-
15
-
income
54
-
198
-
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
-
73
-
unemployment
3
-
10
-
total
83
-
296
-
Employer
315
-
1 038
-
accident
3
-
8
-
other
16
-
52
-
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
-
176
-
health
4
-
15
-
total
80
-
261
-
Corporate
906
1 300
-
-
income
190
273
-
-
total
190
273
-
-
Dividends
716
1 027
-
-
withholding
50
72
-
-
total
50
72
-
-
Income
1 300
1 300
1 300
1 300
Total tax
403
345
557
612
After tax
897
955
743
688
Living cost
231
231
231
231
Free-cash
666
724
512
457

Estimated living cost  is £231 per week

£163
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 Bratislava model

Close
London , United Kingdom
£293
£269
£296
£176
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
-
-
-
1 300
income
-
-
-
346
pensions
-
-
-
74
total
-
-
-
420
Employee
826
-
1 138
-
health
14
-
17
-
income
149
-
267
-
pensions
80
-
93
-
total
243
-
377
-
Employer
826
-
1 138
-
pensions
98
-
141
-
health
16
-
22
-
total
114
-
163
-
Corporate
360
1 300
-
-
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.

68
247
-
-
total
68
247
-
-
Dividends
292
1 053
-
-
withholding
22
176
-
-
total
22
176
-
-
Income
1 300
1 300
1 300
1 300
Total tax
447
423
540
420
After tax
853
877
760
880
Living cost
584
584
584
584
Free-cash
269
293
176
296

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
£997
£957
£910
£959
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
-
-
-
1 300
income
-
-
-
195
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
-
-
-
276
Employee
151
-
1 241
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
124
-
pensions

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

13
-
27
-
total
37
-
168
-
Employer
151
-
1 241
-
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
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
1 120
1 300
-
-
income
112
130
-
-
total
112
130
-
-
Dividends
1 008
1 170
-
-
withholding
50
59
-
-
total
50
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
229
189
227
276
After tax
1 071
1 111
1 073
1 024
Living cost
114
114
114
114
Free-cash
957
997
959
910

Estimated living cost  is £114 per week

£66
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
£158
£181
£252
£306
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
-
-
-
1 300
income
-
-
-
358
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
567
Employee
804
741
1 139
-
health
100
97
107
-
income

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

121
121
143
-
pensions
102
102
102
-
total
323
320
352
-
Employer
804
741
1 139
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
51
64
-
total
141
130
161
-
Corporate
355
430
-
-
income
71
86
-
-
total
71
86
-
-
Dividends
284
344
-
-
income
60
73
-
-
withholding
43
52
-
-
total
103
125
-
-
Income
1 300
1 300
1 300
1 300
Total tax
638
661
513
567
After tax
662
639
787
733
Living cost
481
481
481
481
Free-cash
181
158
306
252

Estimated living cost  is £481 per week

£355
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
£688
£615
£496
£453
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
-
-
-
1 300
income
-
-
-
124
health
-
-
-
175
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
597
Employee
305
-
970
-
social contributions
20
-
63
-
health
41
-
131
-
solidarity contribution
-
-
-
-
income
37
-
116
-
total
98
-
310
-
Employer
305
-
970
-
social contributions
76
-
243
-
health
27
-
87
-
total
103
-
330
-
Corporate
892
1 300
-
-
income
169
247
-
-
total
169
247
-
-
Dividends
722
1 053
-
-
withholding
108
158
-
-
total
108
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
478
405
640
597
After tax
822
895
660
703
Living cost
207
207
207
207
Free-cash
615
688
453
496

Estimated living cost  is £207 per week

£144
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.
£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 Brno model

Close
Milan , Italy
£327
£282
£269
£209
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
-
-
-
1 300
municipal
-
-
-
8
regional
-
-
-
15
national
-
-
-
308
social contributions
-
-
-
334
total
-
-
-
665
Employee
771
-
1 300
-
social contributions
260
-
438
-
regional
7
-
13
-
municipal
4
-
7
-
national
134
-
267
-
total
405
-
725
-
Employer
771
-
1 300
-
total
-
-
-
-
Corporate
529
1 300
-
-
nationa
127
312
-
-
municipal
21
51
-
-
total
148
363
-
-
Dividends
381
937
-
-
withholding
99
244
-
-
total
99
244
-
-
Income
1 300
1 300
1 300
1 300
Total tax
652
607
725
665
After tax
648
693
575
635
Living cost
366
366
366
366
Free-cash
282
327
209
269

Estimated living cost  is £366 per week

£255
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.
£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 Milan model

Close
Thessaloniki , Greece
£627
£600
£426
£386
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
-
-
-
1 300
income
-
-
-
321
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
46
total
-
-
-
683
Employee
287
-
1 074
-
other
-
-
-
-
health
7
-
27
-
surtax
1
-
40
-
income
48
-
283
-
pensions
19
-
72
-
unemployment
20
-
75
-
total
95
-
497
-
Employer
287
-
1 074
-
other
-
-
-
-
unemployment
9
-
34
-
pensions
38
-
143
-
health
13
-
49
-
total
60
-
226
-
Corporate
953
1 300
-
-
income
248
338
-
-
total
248
338
-
-
Dividends
705
962
-
-
withholding
106
144
-
-
total
106
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
509
482
723
683
After tax
791
818
577
617
Living cost
191
191
191
191
Free-cash
600
627
386
426

Estimated living cost  is £191 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£478
£506
£481
£361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
346
pensions
-
-
-
74
total
-
-
-
420
Employee
554
-
1 138
-
health
8
-
17
-
income
100
-
267
-
pensions
47
-
93
-
total
155
-
377
-
Employer
554
-
1 138
-
pensions
60
-
141
-
health
11
-
22
-
total
71
-
163
-
Corporate
676
1 300
-
-
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.

128
247
-
-
total
128
247
-
-
Dividends
547
1 053
-
-
withholding
41
176
-
-
total
41
176
-
-
Income
1 300
1 300
1 300
1 300
Total tax
395
423
540
420
After tax
905
877
760
880
Living cost
399
399
399
399
Free-cash
506
478
361
481

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
-£68
£214
£399
£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
-
-
-
1 300
city
-
-
-
14
pensions
-
-
-
120
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.

-
-
-
26
regional
-
-
-
59
health
-
-
-
3
national
-
-
-
16
total
-
-
-
238
Employee
775
-
1 164
-
city
8
-
13
-
regional
25
-
50
-
health
2
-
3
-
pensions
65
-
98
-
unemployment
-
-
-
-
national
4
-
13
-
total
104
-
177
-
Employer
775
-
1 164
-
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
-
23
-
unemployment
-
-
-
-
pensions
65
-
98
-
health
2
-
3
-
total
83
-
124
-
Corporate
434
1 300
-
-
regional
92
275
-
-
national
37
110
-
-
total
129
385
-
-
Dividends
305
915
-
-
withholding
107
320
-
-
total
107
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
423
705
301
238
After tax
877
595
999
1 062
Living cost
663
663
663
663
Free-cash
214
-68
336
399

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£164
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
£245
£387
£292
£446
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.

-
-
-
1 300
trade
-
-
-
154
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.

-
-
-
377
health

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

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

-
-
-
59
surtax

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

-
-
-
21
total
-
-
-
611
Employee

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

521
-
1 300
-
health

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

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

59
-
59
-
surtax

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

3
-
21
-
income

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

61
-
377
-
total
123
-
457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
779
1 300
-
-
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
-
-
income
117
195
-
-
trade
134
223
-
-
chamber of commerce
2
3
-
-
total
259
432
-
-
Dividends
520
868
-
-
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
12
-
-
withholding
127
214
-
-
total
134
226
-
-
Income
1 300
1 300
1 300
1 300
Total tax
516
658
457
611
After tax
784
642
843
689
Living cost
397
397
397
397
Free-cash
387
245
446
292

Estimated living cost  is £397 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£358
£408
£439
£443
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
-
-
-
1 300
income
-
-
-
185
pensions
-
-
-
254
other
-
-
-
40
health
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
564
Employee
371
-
1 020
-
social contributions
11
-
29
-
surtax
-
-
-
-
income
22
-
186
-
pensions
42
-
65
-
total
75
-
280
-
Employer
371
-
1 020
-
other
13
-
37
-
social contributions
1
-
3
-
unemployment
15
-
41
-
pensions
61
-
111
-
health
26
-
88
-
total
116
-
280
-
Corporate
813
1 300
-
-
surtax
-
-
-
-
income
228
364
-
-
total
228
364
-
-
Dividends
585
936
-
-
surtax
-
-
-
-
social contributions
101
161
-
-
withholding
75
120
-
-
total
176
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
595
645
560
564
After tax
705
655
740
736
Living cost
297
297
297
297
Free-cash
408
358
443
439

Estimated living cost  is £297 per week

£187
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£388
£439
£469
£473
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
-
-
-
1 300
income
-
-
-
185
pensions
-
-
-
254
other
-
-
-
40
health
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
564
Employee
331
-
1 020
-
social contributions
9
-
29
-
surtax
-
-
-
-
income
17
-
186
-
pensions
37
-
65
-
total
63
-
280
-
Employer
331
-
1 020
-
other
11
-
37
-
social contributions
1
-
3
-
unemployment
13
-
41
-
pensions
54
-
111
-
health
23
-
88
-
total
102
-
280
-
Corporate
865
1 300
-
-
surtax
-
-
-
-
income
242
364
-
-
total
242
364
-
-
Dividends
623
936
-
-
surtax
-
-
-
-
social contributions
107
161
-
-
withholding
80
120
-
-
total
187
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
594
645
560
564
After tax
706
655
740
736
Living cost
267
267
267
267
Free-cash
439
388
473
469

Estimated living cost  is £267 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£610
£613
£651
£631
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
-
-
-
1 300
income
-
-
-
195
health
-
-
-
91
social contributions
-
-
-
179
total
-
-
-
465
Employee
294
-
1 300
-
social contributions
41
-
179
-
health
21
-
91
-
income
49
-
215
-
total
111
-
485
-
Employer
294
-
1 300
-
total
-
-
-
-
Corporate
1 006
1 300
-
-
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%.

50
65
-
-
total
50
65
-
-
Dividends
956
1 235
-
-
health
67
86
-
-
social contributions
132
170
-
-
withholding
143
185
-
-
total
342
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
503
506
485
465
After tax
797
794
815
835
Living cost
184
184
184
184
Free-cash
613
610
631
651

Estimated living cost  is £184 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£420
£402
£360
£33
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
-
-
-
1 300
chamber of commerce
-
-
-
5
income
-
-
-
309
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
634
Employee
433
346
1 008
-
other
4
3
10
-
health
17
13
39
-
income
49
25
243
-
pensions
44
35
103
-
unemployment
13
10
30
-
total
127
86
425
-
Employer
433
346
1 008
-
accident
6
4
13
-
other
21
16
48
-
chamber of commerce
2
1
4
-
unemployment
13
10
30
-
surtax
2
2
2
-
pensions
54
43
127
-
payroll
13
10
30
-
health
16
13
38
-
total
127
99
292
-
Corporate
740
853
975
-
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.

185
213
244
-
total
185
213
244
-
Dividends
555
640
-
-
withholding
153
176
-
-
total
153
176
-
-
Income
1 300
1 300
1 300
1 300
Total tax
592
574
961
634
After tax
708
726
339
666
Living cost
306
306
306
306
Free-cash
402
420
33
360

Estimated living cost  is £306 per week

£204
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
£412
£282
£252
£154
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
-
-
-
1 300
national
-
-
-
463
communal

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

-
-
-
66
social contributions
-
-
-
203
total
-
-
-
732
Employee

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

620
-
1 007
-
communal

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

32
-
53
-
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
-
47
-
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
-
76
-
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
-
9
-
national
191
-
352
-
total
304
-
537
-
Employer

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

620
-
1 007
-
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
-
15
-
surtax
70
-
114
-
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
-
89
-
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
-
62
-
total
180
-
293
-
Corporate
499
1 300
-
-
surtax
2
5
-
-
income
100
260
-
-
total
102
265
-
-
Dividends
397
1 035
-
-
withholding

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

116
307
-
-
total
116
307
-
-
Income
1 300
1 300
1 300
1 300
Total tax
702
572
830
732
After tax
598
728
470
568
Living cost
316
316
316
316
Free-cash
282
412
154
252

Estimated living cost  is £316 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£556
£493
£418
£383
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
-
-
-
1 300
accident
-
-
-
7
income
-
-
-
327
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
569
Employee
432
-
1 044
-
other
-
-
1
-
income
91
-
297
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
118
-
348
-
Employer
432
-
1 044
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
731
1 300
-
-
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.

110
195
-
-
total
110
195
-
-
Dividends
621
1 105
-
-
withholding
128
236
-
-
total
128
236
-
-
Income
1 300
1 300
1 300
1 300
Total tax
494
431
604
569
After tax
806
869
696
731
Living cost
313
313
313
313
Free-cash
493
556
383
418

Estimated living cost  is £313 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£301
£203
£198
£250
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
-
-
-
1 300
accident
-
-
-
11
income
-
-
-
188
pensions
-
-
-
195
health
-
-
-
91
surtax
-
-
-
64
communal
-
-
-
82
total
-
-
-
631
Employee
657
-
1 161
-
health
29
-
52
-
surtax
40
-
71
-
income
63
-
225
-
pensions
53
-
93
-
total
185
-
441
-
Employer
657
-
1 161
-
accident
6
-
10
-
pensions
53
-
93
-
health
20
-
35
-
total
79
-
138
-
Corporate
565
1 300
-
-
surtax
6
14
-
-
communal
38
88
-
-
income
85
195
-
-
total
129
297
-
-
Dividends
436
1 004
-
-
income
168
80
-
-
withholding
65
151
-
-
total
233
231
-
-
Income
1 300
1 300
1 300
1 300
Total tax
626
528
579
631
After tax
674
772
721
669
Living cost
471
471
471
471
Free-cash
203
301
250
198

Estimated living cost  is £471 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£623
£597
£422
£382
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
-
-
-
1 300
income
-
-
-
321
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
46
total
-
-
-
683
Employee
292
-
1 074
-
other
-
-
-
-
health
7
-
27
-
surtax
1
-
40
-
income
49
-
283
-
pensions
19
-
72
-
unemployment
20
-
75
-
total
96
-
497
-
Employer
292
-
1 074
-
other
-
-
-
-
unemployment
9
-
34
-
pensions
39
-
143
-
health
13
-
49
-
total
61
-
226
-
Corporate
946
1 300
-
-
income
246
338
-
-
total
246
338
-
-
Dividends
700
962
-
-
withholding
105
144
-
-
total
105
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
508
482
723
683
After tax
792
818
577
617
Living cost
195
195
195
195
Free-cash
597
623
382
422

Estimated living cost  is £195 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£449
£430
£396
£337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
municipal
-
-
-
8
regional
-
-
-
20
national
-
-
-
308
social contributions
-
-
-
334
total
-
-
-
670
Employee
481
-
1 300
-
social contributions
162
-
438
-
regional
6
-
17
-
municipal
3
-
7
-
national
76
-
267
-
total
247
-
729
-
Employer
481
-
1 300
-
total
-
-
-
-
Corporate
819
1 300
-
-
nationa
197
312
-
-
municipal
41
65
-
-
total
238
377
-
-
Dividends
582
923
-
-
withholding
151
240
-
-
total
151
240
-
-
Income
1 300
1 300
1 300
1 300
Total tax
636
617
729
670
After tax
664
683
571
630
Living cost
234
234
234
234
Free-cash
430
449
337
396

Estimated living cost  is £234 per week

£145
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
£640
£549
£448
£405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
124
health
-
-
-
175
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
597
Employee
376
-
970
-
social contributions
24
-
63
-
health
51
-
131
-
solidarity contribution
-
-
-
-
income
45
-
116
-
total
120
-
310
-
Employer
376
-
970
-
social contributions
94
-
243
-
health
34
-
87
-
total
128
-
330
-
Corporate
797
1 300
-
-
income
151
247
-
-
total
151
247
-
-
Dividends
645
1 053
-
-
withholding
97
158
-
-
total
97
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
496
405
640
597
After tax
804
895
660
703
Living cost
255
255
255
255
Free-cash
549
640
405
448

Estimated living cost  is £255 per week

£190
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
£450
£441
£391
£63
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
-
-
-
1 300
chamber of commerce
-
-
-
5
income
-
-
-
309
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
632
Employee
379
346
1 009
-
other
4
3
10
-
health
15
13
39
-
income
34
25
244
-
pensions
39
35
103
-
unemployment
11
10
30
-
total
103
86
426
-
Employer
379
346
1 009
-
accident
5
4
13
-
other
18
16
48
-
chamber of commerce
2
1
4
-
unemployment
11
10
30
-
surtax
-
-
-
-
pensions
48
43
127
-
payroll
11
10
30
-
health
14
13
38
-
total
109
97
290
-
Corporate
812
855
977
-
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.

203
214
244
-
total
203
214
244
-
Dividends
609
641
-
-
withholding
167
176
-
-
total
167
176
-
-
Income
1 300
1 300
1 300
1 300
Total tax
582
573
960
632
After tax
718
727
340
668
Living cost
277
277
277
277
Free-cash
441
450
63
391

Estimated living cost  is £277 per week

£166
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
£1112
£1089
£1164
£917
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%.

-
-
-
1 300
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
-
1 300
-
income
31
-
260
-
total
31
-
260
-
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%.

1 146
1 300
-
-
total
-
-
-
-
Dividends
1 146
1 300
-
-
withholding
57
65
-
-
total
57
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
88
65
260
13
After tax
1 212
1 235
1 040
1 287
Living cost
123
123
123
123
Free-cash
1 089
1 112
917
1 164

Estimated living cost  is £123 per week

£83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£662
£589
£414
£378
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.

-
-
-
1 300
income
-
-
-
286
pensions
-
-
-
237
unemployment
-
-
-
2
health
-
-
-
128
total
-
-
-
653
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.

384
-
1 125
-
health
25
-
73
-
income
66
-
264
-
pensions
59
-
174
-
unemployment
1
-
2
-
total
151
-
513
-
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.

384
-
1 125
-
unemployment
-
-
1
-
pensions
34
-
100
-
health
26
-
75
-
total
60
-
176
-
Corporate
857
1 300
-
-
income
163
247
-
-
total
163
247
-
-
Dividends
694
1 053
-
-
withholding
104
158
-
-
total
104
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
478
405
689
653
After tax
822
895
611
647
Living cost
233
233
233
233
Free-cash
589
662
378
414

Estimated living cost  is £233 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£416
£2
£524
£811
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
-
-
-
1 300
income
-
-
-
253
social contributions
-
-
-
148
total
-
-
-
401
Employee
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
5
1 300
-
-
income
1
286
-
-
total
1
286
-
-
Dividends
4
1 014
-
-
income
1
223
-
-
total
1
223
-
-
Income
1 300
1 300
1 300
1 300
Total tax
923
509
114
401
After tax
377
791
1 186
899
Living cost
375
375
375
375
Free-cash
2
416
811
524

Estimated living cost  is £375 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£467
£459
£432
£340
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.

-
-
-
1 300
income
-
-
-
144
surtax
-
-
-
-
social contributions

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

-
-
-
452
total
-
-
-
596
Employee
399
-
1 051
-
social contributions
44
-
116
-
surtax
-
-
-
-
income
83
-
323
-
total
127
-
439
-
Employer
399
-
1 051
-
social contributions
95
-
249
-
total
95
-
249
-
Corporate
806
1 300
-
-
surtax
-
-
-
-
income
169
273
-
-
total
169
273
-
-
Dividends
637
1 027
-
-
withholding
178
288
-
-
total
178
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
569
561
688
596
After tax
731
739
612
704
Living cost
272
272
272
272
Free-cash
459
467
340
432

Estimated living cost  is £272 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£236
£297
£317
£321
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
-
-
-
1 300
income
-
-
-
185
pensions
-
-
-
254
other
-
-
-
40
health
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
564
Employee
543
-
1 020
-
social contributions
15
-
29
-
surtax
-
-
-
-
income
47
-
186
-
pensions
61
-
65
-
total
123
-
280
-
Employer
543
-
1 020
-
other
19
-
37
-
social contributions
2
-
3
-
unemployment
22
-
41
-
pensions
89
-
111
-
health
38
-
88
-
total
170
-
280
-
Corporate
587
1 300
-
-
surtax
-
-
-
-
income
164
364
-
-
total
164
364
-
-
Dividends
423
936
-
-
surtax
-
-
-
-
social contributions
73
161
-
-
withholding
54
120
-
-
total
127
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
584
645
560
564
After tax
716
655
740
736
Living cost
419
419
419
419
Free-cash
297
236
321
317

Estimated living cost  is £419 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
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
£909
£880
£704
£739
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
-
-
-
1 300
income
-
-
-
49
social contributions
-
-
-
286
total
-
-
-
335
Employee
279
-
1 126
-
income
-
-
53
-
social contributions
18
-
73
-
total
18
-
126
-
Employer
279
-
1 126
-
social contributions
43
-
174
-
total
43
-
174
-
Corporate
978
1 300
-
-
income
98
130
-
-
total
98
130
-
-
Dividends
880
1 170
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
159
130
300
335
After tax
1 141
1 170
1 000
965
Living cost
261
261
261
261
Free-cash
880
909
739
704

Estimated living cost  is £261 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£590
-£590
£362
-£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
-
-
-
1 300
municipal
-
-
-
264
pensions
-
-
-
8
national
-
-
-
145
labour market
-
-
-
103
total
-
-
-
520
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 472
1 472
1 472
520
After tax
-172
-172
-172
780
Living cost
418
418
418
418
Free-cash
-590
-590
-590
362

Estimated living cost  is £418 per week

£286
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.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£82
£76
£702
£511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
accident
-
-
-
2
income
-
-
-
351
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
411
Employee
294
-
1 157
-
health
34
-
133
-
income
40
-
261
-
pensions
33
-
66
-
total
107
-
460
-
Employer
294
-
1 157
-
accident
5
-
19
-
unemployment
7
-
28
-
pensions
48
-
95
-
total
60
-
142
-
Corporate
947
1 300
-
-
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.

852
1 170
-
-
total
852
1 170
-
-
Dividends
95
130
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 037
1 195
602
411
After tax
263
105
698
889
Living cost
187
187
187
187
Free-cash
76
-82
511
702

Estimated living cost  is £187 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£496
£511
£539
£364
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

-
-
-
1 300
municipal
-
-
-
231
health
-
-
-
16
national
-
-
-
181
total
-
-
-
428
Employee
456
-
1 094
-
health
3
-
13
-
municipal
75
-
178
-
pensions
31
-
74
-
unemployment
7
-
16
-
national
8
-
116
-
total
124
-
397
-
Employer
456
-
1 094
-
accident
-
-
1
-
unemployment
3
-
7
-
pensions
79
-
190
-
health
4
-
8
-
total
86
-
206
-
Corporate
758
1 300
-
-
income
152
260
-
-
total
152
260
-
-
Dividends

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

455
780
-
-
national
12
71
-
-
municipal
82
140
-
-
total
94
211
-
-
Income
1 300
1 300
1 300
1 300
Total tax
456
471
603
428
After tax
844
829
697
872
Living cost
333
333
333
333
Free-cash
511
496
364
539

Estimated living cost  is £333 per week

£218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£749
£700
£699
£687
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
-
-
-
1 300
income
-
-
-
227
health
-
-
-
33
social contributions
-
-
-
140
total
-
-
-
400
Employee
667
667
1 203
-
social contributions
25
55
75
-
health
5
11
20
-
income
73
62
220
-
total
103
128
315
-
Employer
667
667
1 203
-
social contributions
25
55
75
-
health
6
12
22
-
total
31
67
97
-
Corporate
965
565
-
-
income
121
71
-
-
total
121
71
-
-
Dividends
845
495
-
-
withholding
144
84
-
-
total
144
84
-
-
Income
1 300
1 300
1 300
1 300
Total tax
399
350
412
400
After tax
901
950
888
900
Living cost
201
201
201
201
Free-cash
700
749
687
699

Estimated living cost  is £201 per week

£120
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£939
£894
£946
£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

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
-
-
-
1 300
income
-
-
-
130
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
216
Employee

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

199
-
1 215
-
health
17
-
70
-
income
14
-
109
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
306
-
Employer

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

199
-
1 215
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 080
1 300
-
-
income
97
117
-
-
total
97
117
-
-
Dividends
983
1 183
-
-
withholding
88
106
-
-
total
88
106
-
-
Income
1 300
1 300
1 300
1 300
Total tax
268
223
390
216
After tax
1 032
1 077
910
1 084
Living cost
138
138
138
138
Free-cash
894
939
772
946

Estimated living cost  is £138 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£630
£589
£492
£457
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
-
-
-
1 300
accident
-
-
-
7
income
-
-
-
327
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
569
Employee
321
-
1 044
-
other
-
-
1
-
income
62
-
297
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
82
-
348
-
Employer
321
-
1 044
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
877
1 300
-
-
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.

132
195
-
-
total
132
195
-
-
Dividends
745
1 105
-
-
withholding
155
236
-
-
total
155
236
-
-
Income
1 300
1 300
1 300
1 300
Total tax
472
431
604
569
After tax
828
869
696
731
Living cost
239
239
239
239
Free-cash
589
630
457
492

Estimated living cost  is £239 per week

£161
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.
£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 Valencia model

Close
Istanbul , Turkey
£787
£784
£807
£805
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
-
-
-
1 300
income
-
-
-
439
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
469
Employee
36
-
1 281
-
health
2
-
4
-
income
7
-
438
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
451
-
Employer
36
-
1 281
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 256
1 300
-
-
income
276
286
-
-
total
276
286
-
-
Dividends
979
1 014
-
-
withholding
196
203
-
-
total
196
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
492
489
471
469
After tax
808
811
829
831
Living cost
24
24
24
24
Free-cash
784
787
805
807

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
£789
£745
£618
£618
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.

-
-
-
1 300
income
-
-
-
289
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
532
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.

226
-
1 185
-
health
12
-
33
-
income
31
-
289
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
417
-
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.

226
-
1 185
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 034
1 300
-
-
income
155
195
-
-
total
155
195
-
-
Dividends
878
1 105
-
-
withholding
132
166
-
-
total
132
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
405
361
532
532
After tax
895
939
768
768
Living cost
150
150
150
150
Free-cash
745
789
618
618

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£505
£502
£470
£378
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.

-
-
-
1 300
income
-
-
-
144
surtax
-
-
-
-
social contributions

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

-
-
-
452
total
-
-
-
596
Employee
337
-
1 051
-
social contributions
37
-
116
-
surtax
-
-
-
-
income
66
-
323
-
total
103
-
439
-
Employer
337
-
1 051
-
social contributions
80
-
249
-
total
80
-
249
-
Corporate
883
1 300
-
-
surtax
-
-
-
-
income
186
273
-
-
total
186
273
-
-
Dividends
698
1 027
-
-
withholding
195
288
-
-
total
195
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
564
561
688
596
After tax
736
739
612
704
Living cost
234
234
234
234
Free-cash
502
505
378
470

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£564
£506
£426
£391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
accident
-
-
-
7
income
-
-
-
327
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
569
Employee
419
-
1 044
-
other
-
-
1
-
income
87
-
297
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
113
-
348
-
Employer
419
-
1 044
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
748
1 300
-
-
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.

112
195
-
-
total
112
195
-
-
Dividends
635
1 105
-
-
withholding
131
236
-
-
total
131
236
-
-
Income
1 300
1 300
1 300
1 300
Total tax
489
431
604
569
After tax
811
869
696
731
Living cost
305
305
305
305
Free-cash
506
564
391
426

Estimated living cost  is £305 per week

£219
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
£962
£910
£875
£924
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
-
-
-
1 300
income
-
-
-
195
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
-
-
-
276
Employee
198
-
1 241
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
124
-
pensions

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

17
-
27
-
total
48
-
168
-
Employer
198
-
1 241
-
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
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
1 064
1 300
-
-
income
106
130
-
-
total
106
130
-
-
Dividends
957
1 170
-
-
withholding
48
59
-
-
total
48
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
241
189
227
276
After tax
1 059
1 111
1 073
1 024
Living cost
149
149
149
149
Free-cash
910
962
924
875

Estimated living cost  is £149 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.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£334
£448
£379
£508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
trade
-
-
-
129
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.

-
-
-
377
health

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

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

-
-
-
59
surtax

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

-
-
-
21
total
-
-
-
586
Employee

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

432
-
1 300
-
health

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

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

59
-
59
-
surtax

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

2
-
21
-
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.

35
-
377
-
total
96
-
457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
868
1 300
-
-
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
-
-
income
130
195
-
-
trade
125
187
-
-
chamber of commerce
3
3
-
-
total
265
396
-
-
Dividends
604
904
-
-
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
148
223
-
-
total
156
235
-
-
Income
1 300
1 300
1 300
1 300
Total tax
517
631
457
586
After tax
783
669
843
714
Living cost
335
335
335
335
Free-cash
448
334
508
379

Estimated living cost  is £335 per week

£231
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
£416
£435
£217
£217
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
-
-
-
1 300
income
-
-
-
377
social contributions
-
-
-
212
total
-
-
-
589
Employee
678
-
1 300
-
income
128
-
377
-
social contributions
56
-
212
-
total
184
-
589
-
Employer
678
-
1 300
-
total
-
-
-
-
Corporate
622
1 300
-
-
income
78
162
-
-
total
78
162
-
-
Dividends
544
1 138
-
-
withholding
109
228
-
-
total
109
228
-
-
Income
1 300
1 300
1 300
1 300
Total tax
371
390
589
589
After tax
929
910
711
711
Living cost
494
494
494
494
Free-cash
435
416
217
217

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£484
£514
£680
£623
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.

-
-
-
1 300
income
-
-
-
247
health

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

-
-
-
58
total
-
-
-
305
Employee
398
-
1 260
-
income
43
-
282
-
social contributions
40
-
40
-
total
83
-
322
-
Employer
398
-
1 260
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
862
1 300
-
-
income
302
455
-
-
total
302
455
-
-
Dividends
560
845
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 300
1 300
1 300
1 300
Total tax
471
501
362
305
After tax
829
799
938
995
Living cost
315
315
315
315
Free-cash
514
484
623
680

Estimated living cost  is £315 per week

£207
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
£553
£601
£556
£436
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
-
-
-
1 300
income
-
-
-
346
pensions
-
-
-
74
total
-
-
-
420
Employee
445
-
1 138
-
health
6
-
17
-
income
81
-
267
-
pensions
34
-
93
-
total
121
-
377
-
Employer
445
-
1 138
-
pensions
45
-
141
-
health
8
-
22
-
total
53
-
163
-
Corporate
801
1 300
-
-
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.

152
247
-
-
total
152
247
-
-
Dividends
649
1 053
-
-
withholding
49
176
-
-
total
49
176
-
-
Income
1 300
1 300
1 300
1 300
Total tax
375
423
540
420
After tax
925
877
760
880
Living cost
324
324
324
324
Free-cash
601
553
436
556

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
-£100
£76
£684
£493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
accident
-
-
-
2
income
-
-
-
351
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
411
Employee
323
-
1 157
-
health
37
-
133
-
income
44
-
261
-
pensions
36
-
66
-
total
117
-
460
-
Employer
323
-
1 157
-
accident
5
-
19
-
unemployment
8
-
28
-
pensions
52
-
95
-
total
65
-
142
-
Corporate
912
1 300
-
-
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.

820
1 170
-
-
total
820
1 170
-
-
Dividends
91
130
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 019
1 195
602
411
After tax
281
105
698
889
Living cost
205
205
205
205
Free-cash
76
-100
493
684

Estimated living cost  is £205 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£977
£937
£614
£783
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.

-
-
-
1 300
work injury
-
-
-
7
health insurance
-
-
-
96
income
-
-
-
211
pensions
-
-
-
239
unemployment
-
-
-
16
total
-
-
-
569
Employee

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

187
-
1 300
-
work injury
1
-
3
-
income
19
-
211
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 113
1 300
-
-
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
1 102
1 287
-
-
withholding
165
193
-
-
total
165
193
-
-
Income
1 300
1 300
1 300
1 300
Total tax
246
206
400
569
After tax
1 054
1 094
900
731
Living cost
117
117
117
117
Free-cash
937
977
783
614

Estimated living cost  is £117 per week

£72
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.
£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.
£32
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
£338
£300
£273
£215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
municipal
-
-
-
9
regional
-
-
-
30
national
-
-
-
308
social contributions
-
-
-
334
total
-
-
-
681
Employee
731
-
1 300
-
social contributions
246
-
438
-
regional
11
-
26
-
municipal
4
-
8
-
national
124
-
267
-
total
385
-
739
-
Employer
731
-
1 300
-
total
-
-
-
-
Corporate
569
1 300
-
-
nationa
137
312
-
-
municipal
27
63
-
-
total
164
375
-
-
Dividends
405
925
-
-
withholding
105
241
-
-
total
105
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
654
616
739
681
After tax
646
684
561
619
Living cost
346
346
346
346
Free-cash
300
338
215
273

Estimated living cost  is £346 per week

£243
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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