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

Valencia , Spain
£577
£440
£482
£620
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
unemployment
-
-
-
6
income
-
-
-
315
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
238
total
-
-
-
568
Employee
336
-
1 032
-
unemployment
5
-
13
-
pensions
16
-
40
-
income
65
-
288
-
other
-
-
1
-
total
86
-
342
-
Employer
336
-
1 032
-
pensions
79
-
198
-
accident
7
-
17
-
unemployment
18
-
46
-
other
3
-
7
-
total
107
-
268
-
Corporate
858
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.

129
195
-
-
total
129
195
-
-
Dividends
729
1 105
-
-
withholding
151
235
-
-
total
151
235
-
-
Income
1 300
1 300
1 300
1 300
Total tax
473
430
610
568
After tax
827
870
690
732
Living cost
250
250
250
250
Free-cash
577
620
440
482

Estimated living cost  is £250 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£652
£501
£448
£713
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
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
income
-
-
-
179
other
-
-
-
62
health
-
-
-
57
total
-
-
-
610
Employee
329
-
1 038
-
health
5
-
15
-
unemployment
3
-
10
-
pensions

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

23
-
73
-
income
57
-
197
-
total
88
-
295
-
Employer
329
-
1 038
-
health
5
-
15
-
pensions

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

56
-
177
-
accident
3
-
8
-
unemployment
3
-
10
-
other
16
-
52
-
total
83
-
262
-
Corporate
888
1 300
-
-
income
186
273
-
-
total
186
273
-
-
Dividends
701
1 027
-
-
withholding
49
72
-
-
total
49
72
-
-
Income
1 300
1 300
1 300
1 300
Total tax
406
345
557
610
After tax
894
955
743
690
Living cost
242
242
242
242
Free-cash
652
713
501
448

Estimated living cost  is £242 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£950
£949
£902
£993
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
pensions

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

-
-
-
47
unemployment
-
-
-
1
income
-
-
-
195
health
-
-
-
36
total
-
-
-
279
Employee
158
-
1 238
-
health
7
-
15
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
28
-
income
16
-
124
-
total
39
-
170
-
Employer
158
-
1 238
-
health
11
-
22
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
1 112
1 300
-
-
income
111
130
-
-
total
111
130
-
-
Dividends
1 000
1 170
-
-
withholding
50
58
-
-
total
50
58
-
-
Income
1 300
1 300
1 300
1 300
Total tax
231
188
232
279
After tax
1 069
1 112
1 068
1 021
Living cost
119
119
119
119
Free-cash
950
993
949
902

Estimated living cost  is £119 per week

£69
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.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£399
£438
£428
£345
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
-
-
-
179
other
-
-
-
40
health
-
-
-
46
social contributions
-
-
-
37
pensions
-
-
-
260
surtax
-
-
-
-
total
-
-
-
562
Employee
388
-
1 024
-
pensions
44
-
64
-
income
23
-
183
-
social contributions
11
-
29
-
surtax
-
-
-
-
total
78
-
276
-
Employer
388
-
1 024
-
health
27
-
86
-
social contributions
1
-
3
-
pensions
64
-
109
-
unemployment
16
-
41
-
other
13
-
37
-
total
121
-
276
-
Corporate
790
1 300
-
-
income
221
364
-
-
surtax
-
-
-
-
total
221
364
-
-
Dividends
569
936
-
-
social contributions
98
161
-
-
surtax
-
-
-
-
withholding
73
120
-
-
total
171
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
591
645
552
562
After tax
709
655
748
738
Living cost
310
310
310
310
Free-cash
399
345
438
428

Estimated living cost  is £310 per week

£196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£203
£400
£359
£259
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
pensions
-
-
-
106
income
-
-
-
343
health
-
-
-
112
total
-
-
-
561
Employee
775
775
1 131
-
health
119
101
112
-
pensions
139
106
106
-
income

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

127
127
133
-
total
385
334
351
-
Employer
775
775
1 131
-
health
54
54
67
-
pensions
54
54
67
-
unemployment
28
28
35
-
total
136
136
169
-
Corporate
399
389
-
-
income
80
78
-
-
total
80
78
-
-
Dividends
319
312
-
-
income
68
66
-
-
withholding
48
47
-
-
total
116
113
-
-
Income
1 300
1 300
1 300
1 300
Total tax
717
661
520
561
After tax
583
639
780
739
Living cost
380
380
380
380
Free-cash
203
259
400
359

Estimated living cost  is £380 per week

£269
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.
£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
Dresden , Germany
£480
£574
£436
£381
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
-
-
-
138
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.

-
-
-
369
health

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

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

-
-
-
62
surtax

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

-
-
-
20
total
-
-
-
589
Employee

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

347
-
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.

62
-
62
-
income

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

10
-
369
-
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
-
20
-
total
73
-
451
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
953
1 300
-
-
income
143
195
-
-
trade
150
205
-
-
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
-
-
chamber of commerce
3
3
-
-
total
304
414
-
-
Dividends
649
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
159
218
-
-
total
168
230
-
-
Income
1 300
1 300
1 300
1 300
Total tax
545
644
451
589
After tax
755
656
849
711
Living cost
275
275
275
275
Free-cash
480
381
574
436

Estimated living cost  is £275 per week

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

Additional information

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

Larnaca , Cyprus
£691
£682
£693
£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
-
-
-
217
health
-
-
-
33
social contributions
-
-
-
147
total
-
-
-
397
Employee
698
698
1 200
-
health
5
12
20
-
income
76
65
210
-
social contributions
26
58
78
-
total
107
135
308
-
Employer
698
698
1 200
-
health
6
13
22
-
social contributions
26
58
78
-
total
32
71
100
-
Corporate
950
531
-
-
income
119
66
-
-
total
119
66
-
-
Dividends
831
465
-
-
withholding
141
79
-
-
total
141
79
-
-
Income
1 300
1 300
1 300
1 300
Total tax
399
351
408
397
After tax
901
949
892
903
Living cost
210
210
210
210
Free-cash
691
739
682
693

Estimated living cost  is £210 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£445
£331
£421
£454
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
-
-
-
142
social contributions

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

-
-
-
452
surtax
-
-
-
-
total
-
-
-
594
Employee
417
-
1 050
-
income
87
-
318
-
social contributions
46
-
116
-
surtax
-
-
-
-
total
133
-
434
-
Employer
417
-
1 050
-
social contributions
99
-
250
-
total
99
-
250
-
Corporate
784
1 300
-
-
income
165
273
-
-
surtax
-
-
-
-
total
165
273
-
-
Dividends
619
1 027
-
-
withholding
173
288
-
-
total
173
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
570
561
684
594
After tax
730
739
616
706
Living cost
285
285
285
285
Free-cash
445
454
331
421

Estimated living cost  is £285 per week

£213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£1154
£972
£1219
£1167
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
85
-
1 300
-
income
17
-
260
-
total
17
-
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%.

1 215
1 300
-
-
total
-
-
-
-
Dividends
1 215
1 300
-
-
withholding
61
65
-
-
total
61
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
78
65
260
13
After tax
1 222
1 235
1 040
1 287
Living cost
68
68
68
68
Free-cash
1 154
1 167
972
1 219

Estimated living cost  is £68 per week

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

Additional information

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

Ljubljana , Slovenia
£575
£371
£407
£652
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
pensions
-
-
-
237
unemployment
-
-
-
2
income
-
-
-
283
health
-
-
-
128
total
-
-
-
650
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.

401
-
1 125
-
health
26
-
73
-
unemployment
1
-
2
-
pensions
62
-
174
-
income
69
-
261
-
total
158
-
510
-
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.

401
-
1 125
-
health
27
-
75
-
pensions
36
-
100
-
unemployment
-
-
1
-
total
63
-
176
-
Corporate
836
1 300
-
-
income
159
247
-
-
total
159
247
-
-
Dividends
677
1 053
-
-
withholding
102
158
-
-
total
102
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
482
405
686
650
After tax
818
895
614
650
Living cost
243
243
243
243
Free-cash
575
652
371
407

Estimated living cost  is £243 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£499
£613
£656
£468
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
-
-
-
258
health

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

-
-
-
57
total
-
-
-
315
Employee
416
-
1 258
-
social contributions
42
-
42
-
income
45
-
274
-
total
87
-
316
-
Employer
416
-
1 258
-
social contributions
42
-
42
-
total
42
-
42
-
Corporate
842
1 300
-
-
income
295
455
-
-
total
295
455
-
-
Dividends
547
845
-
-
social contributions
48
48
-
-
total
48
48
-
-
Income
1 300
1 300
1 300
1 300
Total tax
472
503
358
315
After tax
828
797
942
985
Living cost
329
329
329
329
Free-cash
499
468
613
656

Estimated living cost  is £329 per week

£217
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.
£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
Vilnius , Lithuania
£607
£625
£643
£602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
195
health
-
-
-
91
social contributions
-
-
-
179
total
-
-
-
465
Employee
308
-
1 300
-
health
21
-
91
-
income
51
-
213
-
social contributions
42
-
179
-
total
114
-
483
-
Employer
308
-
1 300
-
total
-
-
-
-
Corporate
992
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
943
1 235
-
-
social contributions
130
170
-
-
withholding
141
185
-
-
health
66
86
-
-
total
337
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
501
506
483
465
After tax
799
794
817
835
Living cost
192
192
192
192
Free-cash
607
602
625
643

Estimated living cost  is £192 per week

£129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£551
£406
£451
£641
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
social contributions
-
-
-
296
solidarity contribution
-
-
-
-
total
-
-
-
595
Employee
373
-
970
-
health
50
-
131
-
solidarity contribution
-
-
-
-
income
45
-
116
-
social contributions
24
-
63
-
total
119
-
310
-
Employer
373
-
970
-
health
34
-
87
-
social contributions
93
-
243
-
total
127
-
330
-
Corporate
800
1 300
-
-
income
152
247
-
-
total
152
247
-
-
Dividends
648
1 053
-
-
withholding
97
158
-
-
total
97
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
495
405
640
595
After tax
805
895
660
705
Living cost
254
254
254
254
Free-cash
551
641
406
451

Estimated living cost  is £254 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£1110
£934
£1181
£1129
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
132
-
1 300
-
income
26
-
260
-
total
26
-
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%.

1 168
1 300
-
-
total
-
-
-
-
Dividends
1 168
1 300
-
-
withholding
58
65
-
-
total
58
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
84
65
260
13
After tax
1 216
1 235
1 040
1 287
Living cost
106
106
106
106
Free-cash
1 110
1 129
934
1 181

Estimated living cost  is £106 per week

£71
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
£279
£310
£300
£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
-
-
-
179
other
-
-
-
40
health
-
-
-
46
social contributions
-
-
-
37
pensions
-
-
-
260
surtax
-
-
-
-
total
-
-
-
562
Employee
568
-
1 024
-
pensions
64
-
64
-
income
50
-
183
-
social contributions
16
-
29
-
surtax
-
-
-
-
total
130
-
276
-
Employer
568
-
1 024
-
health
40
-
86
-
social contributions
2
-
3
-
pensions
93
-
109
-
unemployment
23
-
41
-
other
20
-
37
-
total
178
-
276
-
Corporate
554
1 300
-
-
income
155
364
-
-
surtax
-
-
-
-
total
155
364
-
-
Dividends
399
936
-
-
social contributions
69
161
-
-
surtax
-
-
-
-
withholding
51
120
-
-
total
120
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
583
645
552
562
After tax
717
655
748
738
Living cost
438
438
438
438
Free-cash
279
217
310
300

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.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£739
£605
£604
£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

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
pensions
-
-
-
174
unemployment
-
-
-
10
income
-
-
-
287
health
-
-
-
69
total
-
-
-
540
Employee

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

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

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

236
-
1 180
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
94
-
income
33
-
287
-
total
80
-
420
-
Employer

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

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

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

236
-
1 180
-
health
12
-
34
-
pensions
28
-
80
-
unemployment
2
-
5
-
total
42
-
119
-
Corporate
1 022
1 300
-
-
income
153
195
-
-
total
153
195
-
-
Dividends
869
1 105
-
-
withholding
130
166
-
-
total
130
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
405
361
539
540
After tax
895
939
761
760
Living cost
156
156
156
156
Free-cash
739
783
605
604

Estimated living cost  is £156 per week

£105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£233
£365
£428
-£38
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
pensions
-
-
-
120
city
-
-
-
14
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
health
-
-
-
3
regional
-
-
-
60
national
-
-
-
17
total
-
-
-
240
Employee
739
-
1 164
-
health
2
-
3
-
unemployment
-
-
-
-
city
8
-
12
-
pensions
62
-
98
-
regional
24
-
52
-
national
3
-
14
-
total
99
-
179
-
Employer
739
-
1 164
-
health
2
-
3
-
pensions
62
-
98
-
unemployment
-
-
-
-
other

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

15
-
23
-
total
79
-
124
-
Corporate
474
1 300
-
-
regional
100
275
-
-
national
40
111
-
-
total
140
386
-
-
Dividends
334
915
-
-
withholding
117
320
-
-
total
117
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
435
706
303
240
After tax
865
594
997
1 060
Living cost
632
632
632
632
Free-cash
233
-38
365
428

Estimated living cost  is £632 per week

£411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
£500
£354
£531
£486
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
-
-
-
174
total
-
-
-
421
Employee
477
-
1 094
-
health
4
-
13
-
unemployment
7
-
16
-
pensions
32
-
74
-
national
8
-
111
-
municipal
78
-
178
-
total
129
-
392
-
Employer
477
-
1 094
-
health
4
-
8
-
pensions
83
-
190
-
accident
-
-
1
-
unemployment
3
-
7
-
total
90
-
206
-
Corporate
733
1 300
-
-
income
146
260
-
-
total
146
260
-
-
Dividends

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

440
780
-
-
municipal
79
140
-
-
national
8
66
-
-
total
87
206
-
-
Income
1 300
1 300
1 300
1 300
Total tax
452
466
598
421
After tax
848
834
702
879
Living cost
348
348
348
348
Free-cash
500
486
354
531

Estimated living cost  is £348 per week

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

Additional information

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

Brussels , Belgium
£260
£143
£240
£397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
communal

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

-
-
-
66
social contributions
-
-
-
204
national
-
-
-
459
total
-
-
-
729
Employee

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

649
-
1 007
-
health

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

30
-
47
-
communal

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

34
-
53
-
unemployment

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

6
-
9
-
pensions

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

49
-
76
-
national
200
-
348
-
total
319
-
533
-
Employer

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

649
-
1 007
-
health

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

40
-
62
-
pensions

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

58
-
89
-
surtax
74
-
114
-
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
-
total
189
-
293
-
Corporate
462
1 300
-
-
income
92
260
-
-
surtax
2
5
-
-
total
94
265
-
-
Dividends
368
1 035
-
-
withholding

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

107
307
-
-
total
107
307
-
-
Income
1 300
1 300
1 300
1 300
Total tax
709
572
826
729
After tax
591
728
474
571
Living cost
331
331
331
331
Free-cash
260
397
143
240

Estimated living cost  is £331 per week

£213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£310
£287
£297
£319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
unemployment
-
-
-
1
municipal
-
-
-
314
other
-
-
-
100
health
-
-
-
54
national
-
-
-
48
accident
-
-
-
2
pensions
-
-
-
93
total
-
-
-
612
Employee
558
-
1 030
-
national
-
-
44
-
municipal
166
-
307
-
total
166
-
351
-
Employer
558
-
1 030
-
health
34
-
53
-
pensions
60
-
93
-
accident
1
-
2
-
unemployment
15
-
23
-
other
65
-
100
-
total
175
-
271
-
Corporate
567
1 300
-
-
income
125
286
-
-
total
125
286
-
-
Dividends
442
1 014
-
-
withholding
133
304
-
-
total
133
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
599
590
622
612
After tax
701
710
678
688
Living cost
391
391
391
391
Free-cash
310
319
287
297

Estimated living cost  is £391 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-£189
£738
£468
£360
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
618
-
-
-
income
136
-
-
-
social contributions
51
-
7
-
total
187
-
7
-
Employer
618
-
-
-
social contributions
871
-
124
-
total
871
-
124
-
Corporate
-
1 300
-
-
income
-
286
-
-
total
-
286
-
-
Dividends
-
1 014
-
-
income
-
223
-
-
total
-
223
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 058
509
131
401
After tax
242
791
1 169
899
Living cost
431
431
431
431
Free-cash
-189
360
738
468

Estimated living cost  is £431 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£618
£598
£609
£655
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
-
-
-
217
health
-
-
-
33
social contributions
-
-
-
147
total
-
-
-
397
Employee
698
698
1 200
-
health
7
12
20
-
income
73
65
210
-
social contributions
34
58
78
-
total
114
135
308
-
Employer
698
698
1 200
-
health
8
13
22
-
social contributions
34
58
78
-
total
42
71
100
-
Corporate
850
531
-
-
income
106
66
-
-
total
106
66
-
-
Dividends
744
465
-
-
withholding
126
79
-
-
total
126
79
-
-
Income
1 300
1 300
1 300
1 300
Total tax
388
351
408
397
After tax
912
949
892
903
Living cost
294
294
294
294
Free-cash
618
655
598
609

Estimated living cost  is £294 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£601
£436
£556
£553
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
-
pensions
34
-
93
-
income
81
-
267
-
total
121
-
377
-
Employer
445
-
1 138
-
health
8
-
22
-
pensions
45
-
141
-
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.

Rome , Italy
£281
£204
£263
£323
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
-
-
-
29
social contributions
-
-
-
334
national
-
-
-
304
total
-
-
-
676
Employee
765
-
1 300
-
social contributions
258
-
438
-
regional
12
-
25
-
national
129
-
264
-
municipal
5
-
8
-
total
404
-
735
-
Employer
765
-
1 300
-
total
-
-
-
-
Corporate
535
1 300
-
-
nationa
129
312
-
-
municipal
26
63
-
-
total
155
375
-
-
Dividends
381
925
-
-
withholding
99
241
-
-
total
99
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
658
616
735
676
After tax
642
684
565
624
Living cost
361
361
361
361
Free-cash
281
323
204
263

Estimated living cost  is £361 per week

£254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£76
£507
£698
-£87
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
pensions
-
-
-
36
income
-
-
-
350
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
total
-
-
-
410
Employee
302
-
1 156
-
health
35
-
132
-
pensions
34
-
67
-
income
41
-
259
-
total
110
-
458
-
Employer
302
-
1 156
-
pensions
49
-
96
-
accident
5
-
19
-
unemployment
7
-
28
-
total
61
-
143
-
Corporate
936
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.

843
1 170
-
-
total
843
1 170
-
-
Dividends
94
130
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 032
1 195
601
410
After tax
268
105
699
890
Living cost
192
192
192
192
Free-cash
76
-87
507
698

Estimated living cost  is £192 per week

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

Additional information

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

Berlin , Germany
£438
£499
£373
£319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
trade
-
-
-
126
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.

-
-
-
369
health

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

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

-
-
-
62
surtax

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

-
-
-
20
total
-
-
-
577
Employee

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

451
-
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.

62
-
62
-
income

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

37
-
369
-
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
-
20
-
total
101
-
451
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
849
1 300
-
-
income
127
195
-
-
trade
122
187
-
-
surtax

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

7
11
-
-
chamber of commerce
3
3
-
-
total
259
396
-
-
Dividends
590
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
144
223
-
-
total
152
235
-
-
Income
1 300
1 300
1 300
1 300
Total tax
512
631
451
577
After tax
788
669
849
723
Living cost
350
350
350
350
Free-cash
438
319
499
373

Estimated living cost  is £350 per week

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

Additional information

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

Riga , Latvia
£777
£540
£223
£851
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
income
-
-
-
209
microenterprise
-
-
-
-
social contributions

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

-
-
-
348
surtax
-
-
-
331
total
-
-
-
888
Employee
265
-
1 048
-
income
47
-
204
-
social contributions

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

29
-
115
-
surtax
-
-
-
-
total
76
-
319
-
Employer
265
-
1 048
-
social contributions

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

64
-
252
-
surtax
-
-
-
-
total
64
-
252
-
Corporate
971
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%.

194
260
-
-
total
194
260
-
-
Dividends

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

777
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
334
260
571
888
After tax
966
1 040
729
412
Living cost
189
189
189
189
Free-cash
777
851
540
223

Estimated living cost  is £189 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£683
£660
£669
£700
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
-
-
-
380
health
-
-
-
59
pensions
-
-
-
81
total
-
-
-
520
Employee
170
-
1 209
-
health
8
-
20
-
unemployment
2
-
4
-
pensions
15
-
37
-
income
33
-
376
-
total
58
-
437
-
Employer
170
-
1 209
-
health
16
-
39
-
pensions
19
-
45
-
unemployment
3
-
8
-
total
38
-
92
-
Corporate
1 092
1 300
-
-
income
240
286
-
-
total
240
286
-
-
Dividends
852
1 014
-
-
withholding
170
203
-
-
total
170
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
506
489
529
520
After tax
794
811
771
780
Living cost
111
111
111
111
Free-cash
683
700
660
669

Estimated living cost  is £111 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£585
£379
£413
£614
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
pensions
-
-
-
242
unemployment
-
-
-
2
income
-
-
-
309
other
-
-
-
-
health
-
-
-
86
surtax
-
-
-
44
total
-
-
-
683
Employee
306
-
1 074
-
health
8
-
27
-
unemployment
21
-
75
-
pensions
20
-
72
-
income
51
-
278
-
other
-
-
-
-
surtax
1
-
39
-
total
101
-
491
-
Employer
306
-
1 074
-
health
14
-
49
-
pensions
41
-
143
-
unemployment
10
-
34
-
other
-
-
-
-
total
65
-
226
-
Corporate
930
1 300
-
-
income
242
338
-
-
total
242
338
-
-
Dividends
688
962
-
-
withholding
103
144
-
-
total
103
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
511
482
717
683
After tax
789
818
583
617
Living cost
204
204
204
204
Free-cash
585
614
379
413

Estimated living cost  is £204 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£429
£56
£375
£433
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
pensions
-
-
-
196
chamber of commerce
-
-
-
5
unemployment
-
-
-
56
income
-
-
-
298
health
-
-
-
81
surtax
-
-
-
-
total
-
-
-
636
Employee
397
362
1 009
-
health
15
14
39
-
unemployment
12
11
30
-
pensions
41
37
103
-
income
35
27
239
-
other
4
4
10
-
total
107
93
421
-
Employer
397
362
1 009
-
health
15
14
38
-
pensions
50
45
127
-
surtax
-
-
-
-
accident
5
5
13
-
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