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
£446
£487
£624
£581
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
-
-
-
319
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
234
other
-
-
-
1
total
-
-
-
567
Employee
330
-
1 036
-
other
-
-
1
-
income
64
-
291
-
unemployment
5
-
13
-
pensions
16
-
39
-
total
85
-
344
-
Employer
330
-
1 036
-
unemployment
18
-
46
-
pensions
78
-
195
-
other
3
-
7
-
accident
7
-
16
-
total
106
-
264
-
Corporate
864
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.

130
195
-
-
total
130
195
-
-
Dividends
735
1 105
-
-
withholding
152
235
-
-
total
152
235
-
-
Income
1 300
1 300
1 300
1 300
Total tax
473
430
608
567
After tax
827
870
692
733
Living cost
246
246
246
246
Free-cash
581
624
446
487

Estimated living cost  is £246 per week

£166
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£505
£452
£717
£656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
179
health
-
-
-
57
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
total
-
-
-
610
Employee
324
-
1 038
-
income
56
-
197
-
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
-
total
87
-
295
-
Employer
324
-
1 038
-
unemployment
3
-
10
-
pensions

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

55
-
177
-
other
16
-
52
-
accident
3
-
8
-
health
5
-
15
-
total
82
-
262
-
Corporate
894
1 300
-
-
income
188
273
-
-
total
188
273
-
-
Dividends
706
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
238
238
238
238
Free-cash
656
717
505
452

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£954
£905
£995
£953
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
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
278
Employee
155
-
1 239
-
income
15
-
124
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
total
38
-
168
-
Employer
155
-
1 239
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
61
-
Corporate
1 115
1 300
-
-
income
111
130
-
-
total
111
130
-
-
Dividends
1 003
1 170
-
-
withholding
50
58
-
-
total
50
58
-
-
Income
1 300
1 300
1 300
1 300
Total tax
230
188
229
278
After tax
1 070
1 112
1 071
1 022
Living cost
117
117
117
117
Free-cash
953
995
954
905

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£440
£432
£349
£402
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
social contributions
-
-
-
37
health
-
-
-
46
surtax
-
-
-
-
pensions
-
-
-
258
other
-
-
-
40
total
-
-
-
562
Employee
382
-
1 023
-
income
23
-
184
-
social contributions
11
-
29
-
surtax
-
-
-
-
pensions
43
-
64
-
total
77
-
277
-
Employer
382
-
1 023
-
unemployment
15
-
41
-
social contributions
1
-
3
-
pensions
63
-
109
-
other
13
-
37
-
health
27
-
87
-
total
119
-
277
-
Corporate
798
1 300
-
-
income
223
364
-
-
surtax
-
-
-
-
total
223
364
-
-
Dividends
575
936
-
-
withholding
74
120
-
-
surtax
-
-
-
-
social contributions
99
161
-
-
total
173
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
592
645
554
562
After tax
708
655
746
738
Living cost
306
306
306
306
Free-cash
402
349
440
432

Estimated living cost  is £306 per week

£193
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.
£83
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
£408
£363
£265
£211
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
-
-
-
348
health
-
-
-
110
pensions
-
-
-
105
total
-
-
-
563
Employee
763
763
1 134
-
income

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

125
125
137
-
health
117
100
110
-
pensions
137
105
105
-
total
379
330
352
-
Employer
763
763
1 134
-
unemployment
27
27
34
-
pensions
53
53
66
-
health
53
53
66
-
total
133
133
166
-
Corporate
413
403
-
-
income
83
81
-
-
total
83
81
-
-
Dividends
330
323
-
-
withholding
50
48
-
-
income
70
69
-
-
total
120
117
-
-
Income
1 300
1 300
1 300
1 300
Total tax
715
661
518
563
After tax
585
639
782
737
Living cost
374
374
374
374
Free-cash
211
265
408
363

Estimated living cost  is £374 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£577
£438
£385
£482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
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.

-
-
-
371
health

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

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

-
-
-
61
trade
-
-
-
139
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
-
-
-
591
Employee

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

342
-
1 300
-
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
-
371
-
health

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

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

61
-
61
-
surtax

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

1
-
20
-
total
72
-
452
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
958
1 300
-
-
chamber of commerce
3
3
-
-
income
144
195
-
-
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
-
-
trade
151
205
-
-
total
306
414
-
-
Dividends
653
886
-
-
withholding
160
218
-
-
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
-
-
total
169
230
-
-
Income
1 300
1 300
1 300
1 300
Total tax
547
644
452
591
After tax
753
656
848
709
Living cost
271
271
271
271
Free-cash
482
385
577
438

Estimated living cost  is £271 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£684
£695
£741
£694
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
-
-
-
220
social contributions
-
-
-
145
health
-
-
-
33
total
-
-
-
398
Employee
687
687
1 201
-
income
75
64
213
-
social contributions
26
57
77
-
health
5
12
20
-
total
106
133
310
-
Employer
687
687
1 201
-
social contributions
26
57
77
-
health
6
13
22
-
total
32
70
99
-
Corporate
955
543
-
-
income
119
68
-
-
total
119
68
-
-
Dividends
836
475
-
-
withholding
142
81
-
-
total
142
81
-
-
Income
1 300
1 300
1 300
1 300
Total tax
399
352
409
398
After tax
901
948
891
902
Living cost
207
207
207
207
Free-cash
694
741
684
695

Estimated living cost  is £207 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£335
£425
£459
£451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
143
social contributions

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

-
-
-
452
surtax
-
-
-
-
total
-
-
-
595
Employee
411
-
1 050
-
income
85
-
320
-
social contributions
45
-
116
-
surtax
-
-
-
-
total
130
-
436
-
Employer
411
-
1 050
-
social contributions
98
-
249
-
total
98
-
249
-
Corporate
791
1 300
-
-
income
166
273
-
-
surtax
-
-
-
-
total
166
273
-
-
Dividends
625
1 027
-
-
withholding
175
288
-
-
total
175
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
569
561
685
595
After tax
731
739
615
705
Living cost
280
280
280
280
Free-cash
451
459
335
425

Estimated living cost  is £280 per week

£210
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£976
£1223
£1171
£1159
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
80
-
1 300
-
income
16
-
260
-
total
16
-
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%.

1 220
1 300
-
-
total
-
-
-
-
Dividends
1 220
1 300
-
-
withholding
61
65
-
-
total
61
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
77
65
260
13
After tax
1 223
1 235
1 040
1 287
Living cost
64
64
64
64
Free-cash
1 159
1 171
976
1 223

Estimated living cost  is £64 per week

£40
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.
£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.
£17
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
£373
£409
£655
£581
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
-
-
-
284
health
-
-
-
128
unemployment
-
-
-
2
pensions
-
-
-
237
total
-
-
-
651
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.

395
-
1 125
-
income
68
-
262
-
health
26
-
73
-
unemployment
1
-
2
-
pensions
61
-
174
-
total
156
-
511
-
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.

395
-
1 125
-
unemployment
-
-
1
-
pensions
35
-
100
-
health
26
-
75
-
total
61
-
176
-
Corporate
843
1 300
-
-
income
160
247
-
-
total
160
247
-
-
Dividends
683
1 053
-
-
withholding
102
158
-
-
total
102
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
479
405
687
651
After tax
821
895
613
649
Living cost
240
240
240
240
Free-cash
581
655
373
409

Estimated living cost  is £240 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£617
£664
£474
£506
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
-
-
-
254
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
-
-
-
312
Employee
410
-
1 259
-
social contributions
41
-
41
-
income
44
-
277
-
total
85
-
318
-
Employer
410
-
1 259
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
849
1 300
-
-
income
297
455
-
-
total
297
455
-
-
Dividends
552
845
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 300
1 300
1 300
1 300
Total tax
470
502
359
312
After tax
830
798
941
988
Living cost
324
324
324
324
Free-cash
506
474
617
664

Estimated living cost  is £324 per week

£214
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
£627
£646
£605
£608
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
social contributions
-
-
-
179
health
-
-
-
91
total
-
-
-
465
Employee
303
-
1 300
-
income
51
-
214
-
social contributions
42
-
179
-
health
21
-
91
-
total
114
-
484
-
Employer
303
-
1 300
-
total
-
-
-
-
Corporate
997
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
947
1 235
-
-
withholding
142
185
-
-
health
66
86
-
-
social contributions
131
170
-
-
total
339
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
503
506
484
465
After tax
797
794
816
835
Living cost
189
189
189
189
Free-cash
608
605
627
646

Estimated living cost  is £189 per week

£127
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
£418
£474
£653
£566
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
-
-
-
126
social contributions
-
-
-
282
solidarity contribution
-
-
-
-
health
-
-
-
176
total
-
-
-
584
Employee
355
-
971
-
solidarity contribution
-
-
-
-
income
43
-
117
-
social contributions
23
-
63
-
health
48
-
131
-
total
114
-
311
-
Employer
355
-
971
-
social contributions
89
-
242
-
health
32
-
87
-
total
121
-
329
-
Corporate
824
1 300
-
-
income
157
247
-
-
total
157
247
-
-
Dividends
667
1 053
-
-
withholding
100
158
-
-
total
100
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
492
405
640
584
After tax
808
895
660
716
Living cost
242
242
242
242
Free-cash
566
653
418
474

Estimated living cost  is £242 per week

£180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Tbilisi , Georgia
£940
£1187
£1135
£1116
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
125
-
1 300
-
income
25
-
260
-
total
25
-
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%.

1 175
1 300
-
-
total
-
-
-
-
Dividends
1 175
1 300
-
-
withholding
59
65
-
-
total
59
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
100
100
100
100
Free-cash
1 116
1 135
940
1 187

Estimated living cost  is £100 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£25
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
£314
£306
£223
£285
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
social contributions
-
-
-
37
health
-
-
-
46
surtax
-
-
-
-
pensions
-
-
-
258
other
-
-
-
40
total
-
-
-
562
Employee
560
-
1 023
-
income
49
-
184
-
social contributions
16
-
29
-
surtax
-
-
-
-
pensions
63
-
64
-
total
128
-
277
-
Employer
560
-
1 023
-
unemployment
23
-
41
-
social contributions
2
-
3
-
pensions
92
-
109
-
other
19
-
37
-
health
39
-
87
-
total
175
-
277
-
Corporate
566
1 300
-
-
income
158
364
-
-
surtax
-
-
-
-
total
158
364
-
-
Dividends
407
936
-
-
withholding
52
120
-
-
surtax
-
-
-
-
social contributions
70
161
-
-
total
122
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
583
645
554
562
After tax
717
655
746
738
Living cost
432
432
432
432
Free-cash
285
223
314
306

Estimated living cost  is £432 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£609
£609
£785
£740
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
-
-
-
288
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
171
total
-
-
-
537
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.

232
-
1 182
-
income
32
-
288
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
92
-
total
79
-
419
-
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.

232
-
1 182
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
1 026
1 300
-
-
income
154
195
-
-
total
154
195
-
-
Dividends
872
1 105
-
-
withholding
131
166
-
-
total
131
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
406
361
537
537
After tax
894
939
763
763
Living cost
154
154
154
154
Free-cash
740
785
609
609

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£372
£435
-£30
£237
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
regional
-
-
-
60
national
-
-
-
17
health
-
-
-
3
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
pensions
-
-
-
120
total
-
-
-
240
Employee
731
-
1 164
-
regional
24
-
52
-
city
8
-
12
-
health
2
-
3
-
unemployment
-
-
-
-
national
3
-
14
-
pensions
61
-
98
-
total
98
-
179
-
Employer
731
-
1 164
-
unemployment
-
-
-
-
pensions
61
-
98
-
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
-
health
2
-
3
-
total
78
-
124
-
Corporate
483
1 300
-
-
regional
102
275
-
-
national
41
110
-
-
total
143
385
-
-
Dividends
340
915
-
-
withholding
119
320
-
-
total
119
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
438
705
303
240
After tax
862
595
997
1 060
Living cost
625
625
625
625
Free-cash
237
-30
372
435

Estimated living cost  is £625 per week

£406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£155
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
£357
£535
£489
£503
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
national
-
-
-
175
health
-
-
-
16
total
-
-
-
422
Employee
470
-
1 094
-
health
4
-
13
-
unemployment
7
-
16
-
national
8
-
113
-
municipal
77
-
178
-
pensions
32
-
74
-
total
128
-
394
-
Employer
470
-
1 094
-
unemployment
3
-
7
-
pensions
82
-
190
-
accident
-
-
1
-
health
4
-
8
-
total
89
-
206
-
Corporate
741
1 300
-
-
income
148
260
-
-
total
148
260
-
-
Dividends

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

445
780
-
-
national
9
68
-
-
municipal
80
140
-
-
total
89
208
-
-
Income
1 300
1 300
1 300
1 300
Total tax
454
468
600
422
After tax
846
832
700
878
Living cost
343
343
343
343
Free-cash
503
489
357
535

Estimated living cost  is £343 per week

£224
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.
£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

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
£146
£244
£402
£268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
national
-
-
-
460
social contributions
-
-
-
204
communal

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

-
-
-
66
total
-
-
-
730
Employee

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

639
-
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.

33
-
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
-
national
197
-
350
-
pensions

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

48
-
76
-
total
314
-
535
-
Employer

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

639
-
1 007
-
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
-
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.

57
-
89
-
surtax
72
-
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
-
health

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

39
-
62
-
total
185
-
293
-
Corporate
475
1 300
-
-
income
95
260
-
-
surtax
2
5
-
-
total
97
265
-
-
Dividends
378
1 035
-
-
withholding

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

110
307
-
-
total
110
307
-
-
Income
1 300
1 300
1 300
1 300
Total tax
706
572
828
730
After tax
594
728
472
570
Living cost
326
326
326
326
Free-cash
268
402
146
244

Estimated living cost  is £326 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£312
£321
£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
-
-
-
319
national
-
-
-
63
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
86
other
-
-
-
93
total
-
-
-
614
Employee
520
-
1 049
-
national
-
-
59
-
municipal
155
-
313
-
total
155
-
372
-
Employer
520
-
1 049
-
unemployment
14
-
21
-
pensions
56
-
86
-
other
60
-
93
-
accident
1
-
2
-
health
32
-
49
-
total
163
-
251
-
Corporate
616
1 300
-
-
income
136
286
-
-
total
136
286
-
-
Dividends
481
1 014
-
-
withholding
144
304
-
-
total
144
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
598
590
623
614
After tax
702
710
677
686
Living cost
365
365
365
365
Free-cash
337
345
312
321

Estimated living cost  is £365 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£784
£504
£396
-£64
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
566
-
-
-
income
125
-
-
-
social contributions
46
-
7
-
total
171
-
7
-
Employer
566
-
-
-
social contributions
798
-
114
-
total
798
-
114
-
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
969
509
121
401
After tax
331
791
1 179
899
Living cost
395
395
395
395
Free-cash
-64
396
784
504

Estimated living cost  is £395 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
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
£601
£612
£658
£624
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
-
-
-
220
social contributions
-
-
-
145
health
-
-
-
33
total
-
-
-
398
Employee
687
687
1 201
-
income
72
64
213
-
social contributions
33
57
77
-
health
7
12
20
-
total
112
133
310
-
Employer
687
687
1 201
-
social contributions
33
57
77
-
health
7
13
22
-
total
40
70
99
-
Corporate
857
543
-
-
income
107
68
-
-
total
107
68
-
-
Dividends
750
475
-
-
withholding
127
81
-
-
total
127
81
-
-
Income
1 300
1 300
1 300
1 300
Total tax
386
352
409
398
After tax
914
948
891
902
Living cost
290
290
290
290
Free-cash
624
658
601
612

Estimated living cost  is £290 per week

£198
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£436
£556
£553
£601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
346
pensions
-
-
-
74
total
-
-
-
420
Employee
445
-
1 138
-
income
81
-
267
-
health
6
-
17
-
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.

Rome , Italy
£207
£266
£328
£290
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
national
-
-
-
306
social contributions
-
-
-
334
total
-
-
-
678
Employee
753
-
1 300
-
regional
11
-
26
-
social contributions
254
-
438
-
national
127
-
265
-
municipal
4
-
8
-
total
396
-
737
-
Employer
753
-
1 300
-
total
-
-
-
-
Corporate
547
1 300
-
-
nationa
131
312
-
-
municipal
26
63
-
-
total
157
375
-
-
Dividends
389
925
-
-
withholding
101
241
-
-
total
101
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
654
616
737
678
After tax
646
684
563
622
Living cost
356
356
356
356
Free-cash
290
328
207
266

Estimated living cost  is £356 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£517
£706
-£79
£77
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
-
-
-
352
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
410
Employee
290
-
1 160
-
income
40
-
263
-
health
33
-
133
-
pensions
33
-
64
-
total
106
-
460
-
Employer
290
-
1 160
-
unemployment
7
-
28
-
pensions
47
-
92
-
accident
5
-
19
-
total
59
-
139
-
Corporate
951
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.

856
1 170
-
-
total
856
1 170
-
-
Dividends
95
130
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 039
1 195
599
410
After tax
261
105
701
890
Living cost
184
184
184
184
Free-cash
77
-79
517
706

Estimated living cost  is £184 per week

£135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£503
£376
£324
£441
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
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.

-
-
-
371
health

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

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

-
-
-
61
trade
-
-
-
127
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
-
-
-
579
Employee

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

445
-
1 300
-
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
-
371
-
health

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

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

61
-
61
-
surtax

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

2
-
20
-
total
100
-
452
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
855
1 300
-
-
chamber of commerce
3
3
-
-
income
128
195
-
-
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
-
-
trade
123
187
-
-
total
261
396
-
-
Dividends
595
904
-
-
withholding
145
223
-
-
surtax

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

8
12
-
-
total
153
235
-
-
Income
1 300
1 300
1 300
1 300
Total tax
514
631
452
579
After tax
786
669
848
721
Living cost
345
345
345
345
Free-cash
441
324
503
376

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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.

Riga , Latvia
£610
£230
£854
£781
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
-
-
-
210
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.

-
-
-
342
surtax
-
-
-
332
total
-
-
-
884
Employee
261
-
925
-
income
46
-
179
-
social contributions

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

29
-
102
-
surtax
-
-
-
-
total
75
-
281
-
Employer
261
-
925
-
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.

63
-
223
-
surtax
-
-
-
-
total
63
-
223
-
Corporate
976
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%.

195
260
-
-
total
195
260
-
-
Dividends

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

781
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
333
260
504
884
After tax
967
1 040
796
416
Living cost
186
186
186
186
Free-cash
781
854
610
230

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£653
£661
£695
£676
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
health
-
-
-
61
pensions
-
-
-
85
total
-
-
-
523
Employee
177
-
1 205
-
income
34
-
373
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
436
-
Employer
177
-
1 205
-
unemployment
4
-
8
-
pensions
19
-
47
-
health
17
-
40
-
total
40
-
95
-
Corporate
1 083
1 300
-
-
income
238
286
-
-
total
238
286
-
-
Dividends
845
1 014
-
-
withholding
169
203
-
-
total
169
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
508
489
531
523
After tax
792
811
769
777
Living cost
116
116
116
116
Free-cash
676
695
653
661

Estimated living cost  is £116 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£380
£415
£617
£588
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
-
-
-
313
health
-
-
-
85
unemployment
-
-
-
2
surtax
-
-
-
45
pensions
-
-
-
239
other
-
-
-
-
total
-
-
-
684
Employee
301
-
1 074
-
other
-
-
-
-
income
50
-
280
-
health
8
-
27
-
unemployment
21
-
75
-
surtax
1
-
39
-
pensions
20
-
72
-
total
100
-
493
-
Employer
301
-
1 074
-
unemployment
10
-
34
-
pensions
40
-
143
-
other
-
-
-
-
health
14
-
49
-
total
64
-
226
-
Corporate
936
1 300
-
-
income
243
338
-
-
total
243
338
-
-
Dividends
693
962
-
-
withholding
104
144
-
-
total
104
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
511
482
719
684
After tax
789
818
581
616
Living cost
201
201
201
201
Free-cash
588
617
380
415

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£59
£380
£437
£432
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
-
-
-
302
chamber of commerce
-
-
-
5
health
-
-
-
80
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
193
total
-
-
-
635
Employee
391
356
1 009
-
other
4
4
10
-
income
35
26
240
-
health
15
14
39
-
unemployment
12
11
30
-
pensions
40
36
103
-
total
106
91
422
-
Employer
391
356
1 009
-
unemployment
12
11
30
-
chamber of commerce
2
1
4
-
pensions
49
45
127
-
payroll
12
11
30
-