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
£ 1350
per

Your estimated
City
free-cash

Dresden , Germany
£510
£412
£605
£457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
trade
-
-
-
148
income

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

-
-
-
393
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
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.

-
-
-
22
total
-
-
-
624
Employee

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

340
-
1 350
-
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
-
22
-
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
-
income

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

9
-
393
-
total
71
-
476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 010
1 350
-
-
trade
159
213
-
-
income
152
203
-
-
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
322
430
-
-
Dividends
688
920
-
-
withholding
169
227
-
-
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
178
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
571
669
476
624
After tax
779
681
874
726
Living cost
269
269
269
269
Free-cash
510
412
605
457

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£380
£387
£356
£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
-
-
-
1 350
social contributions
-
-
-
15
pensions
-
-
-
162
municipal
-
-
-
146
national
-
-
-
227
total
-
-
-
550
Employee
705
-
1 167
-
national
135
-
235
-
municipal
87
-
151
-
pensions
28
-
47
-
total
250
-
433
-
Employer
705
-
1 167
-
pensions
56
-
93
-
social contributions
8
-
13
-
total
64
-
106
-
Corporate
534
1 350
-
-
income

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

107
270
-
-
total
107
270
-
-
Dividends
427
1 080
-
-
withholding
94
238
-
-
total
94
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
515
508
539
550
After tax
835
842
811
800
Living cost
455
455
455
455
Free-cash
380
387
356
345

Estimated living cost  is £455 per week

£309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£821
£895
£635
£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

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.

-
-
-
1 350
social contributions

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

-
-
-
340
income
-
-
-
222
microenterprise
-
-
-
-
surtax
-
-
-
344
total
-
-
-
906
Employee
260
-
972
-
surtax
-
-
-
-
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
-
107
-
income
46
-
189
-
total
75
-
296
-
Employer
260
-
972
-
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
-
234
-
surtax
-
-
-
-
total
63
-
234
-
Corporate
1 028
1 350
-
-
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%.

206
270
-
-
total
206
270
-
-
Dividends

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

822
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
344
270
530
906
After tax
1 006
1 080
820
444
Living cost
185
185
185
185
Free-cash
821
895
635
259

Estimated living cost  is £185 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£238
£293
£447
£388
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
-
-
-
1 350
income
-
-
-
376
pensions
-
-
-
104
health
-
-
-
110
total
-
-
-
590
Employee
759
759
1 185
-
health
116
99
110
-
pensions
137
104
104
-
income

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

124
124
151
-
total
377
327
365
-
Employer
759
759
1 185
-
pensions
53
53
66
-
unemployment
27
27
34
-
health
53
53
66
-
total
133
133
166
-
Corporate
468
458
-
-
income
94
92
-
-
total
94
92
-
-
Dividends
374
367
-
-
withholding
56
55
-
-
income
80
78
-
-
total
136
133
-
-
Income
1 350
1 350
1 350
1 350
Total tax
740
685
531
590
After tax
610
665
819
760
Living cost
372
372
372
372
Free-cash
238
293
447
388

Estimated living cost  is £372 per week

£264
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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£364
£372
£335
£344
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
-
-
-
1 350
other
-
-
-
93
unemployment
-
-
-
1
pensions
-
-
-
87
municipal
-
-
-
333
accident
-
-
-
2
national
-
-
-
75
health
-
-
-
50
total
-
-
-
641
Employee
521
-
1 098
-
national
-
-
70
-
municipal
155
-
328
-
total
155
-
398
-
Employer
521
-
1 098
-
other
60
-
93
-
accident
1
-
2
-
pensions
56
-
87
-
unemployment
14
-
21
-
health
32
-
49
-
total
163
-
252
-
Corporate
666
1 350
-
-
income
147
297
-
-
total
147
297
-
-
Dividends
519
1 053
-
-
withholding
156
316
-
-
total
156
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
621
613
650
641
After tax
729
737
700
709
Living cost
365
365
365
365
Free-cash
364
372
335
344

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

Source of data for Stockholm model

Close
Hamburg , Germany
£450
£326
£525
£371
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.

-
-
-
1 350
trade
-
-
-
154
income

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

-
-
-
393
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
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.

-
-
-
22
total
-
-
-
630
Employee

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

451
-
1 350
-
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
-
22
-
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
-
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.

39
-
393
-
total
102
-
476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
899
1 350
-
-
trade
148
222
-
-
income
135
203
-
-
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
293
439
-
-
Dividends
607
911
-
-
withholding
148
224
-
-
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
156
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
551
675
476
630
After tax
799
675
874
720
Living cost
349
349
349
349
Free-cash
450
326
525
371

Estimated living cost  is £349 per week

£233
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.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£661
£696
£634
£646
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
-
-
-
1 350
social contributions
-
-
-
144
income
-
-
-
238
health
-
-
-
34
total
-
-
-
416
Employee
683
683
1 250
-
health
7
12
21
-
social contributions
33
57
76
-
income
72
63
232
-
total
112
132
329
-
Employer
683
683
1 250
-
social contributions
33
57
76
-
health
7
13
23
-
total
40
70
99
-
Corporate
909
597
-
-
income
114
75
-
-
total
114
75
-
-
Dividends
796
523
-
-
withholding
135
89
-
-
total
135
89
-
-
Income
1 350
1 350
1 350
1 350
Total tax
401
366
428
416
After tax
949
984
922
934
Living cost
288
288
288
288
Free-cash
661
696
634
646

Estimated living cost  is £288 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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

Source of data for Limassol model

Close
Budapest , Hungary
£596
£594
£618
£770
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
-
-
-
1 350
unemployment
-
-
-
20
income
-
-
-
165
pensions
-
-
-
135
health
-
-
-
95
total
-
-
-
415
Employee

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

The minimum wage is 138,000 HUF per month.

238
95
1 130
-
unemployment
4
1
17
-
health
17
7
79
-
pensions
24
9
113
-
income
29
12
138
-
total
74
29
347
-
Employer

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

The minimum wage is 138,000 HUF per month.

238
95
1 130
-
pensions
47
19
220
-
total
47
19
220
-
Corporate
1 065
1 237
-
-
income
96
111
-
-
total
96
111
-
-
Dividends
969
1 125
-
-
withholding
184
214
-
-
social contributions
188
218
-
-
total
372
432
-
-
Income
1 350
1 350
1 350
1 350
Total tax
589
591
567
415
After tax
761
759
783
935
Living cost
165
165
165
165
Free-cash
596
594
618
770

Estimated living cost  is £165 per week

£113
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£810
£865
£563
£508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
pensions
-
-
-
270
health
-
-
-
176
total
-
-
-
627
Employee
252
-
1 009
-
unemployment
4
-
16
-
pensions
5
-
20
-
income
28
-
195
-
total
37
-
231
-
Employer
252
-
1 009
-
pensions
50
-
202
-
unemployment
2
-
8
-
health
33
-
131
-
total
85
-
341
-
Corporate
1 013
1 350
-
-
income
203
270
-
-
total
203
270
-
-
Dividends
810
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
325
270
572
627
After tax
1 025
1 080
778
723
Living cost
215
215
215
215
Free-cash
810
865
563
508

Estimated living cost  is £215 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£80
-£90
£527
£725
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
-
-
-
1 350
other
-
-
-
3
income
-
-
-
363
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
426
Employee
314
-
1 201
-
health
36
-
137
-
pensions
35
-
69
-
income
43
-
269
-
total
114
-
475
-
Employer
314
-
1 201
-
accident
5
-
20
-
pensions
51
-
100
-
unemployment
8
-
29
-
total
64
-
149
-
Corporate
972
1 350
-
-
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.

875
1 215
-
-
total
875
1 215
-
-
Dividends
97
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 071
1 241
624
426
After tax
279
109
726
924
Living cost
199
199
199
199
Free-cash
80
-90
527
725

Estimated living cost  is £199 per week

£146
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.
£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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1197
£1211
£1008
£1265
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%.

-
-
-
1 350
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
90
-
1 350
-
income
18
-
270
-
total
18
-
270
-
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%.

1 260
1 350
-
-
total
-
-
-
-
Dividends
1 260
1 350
-
-
withholding
63
67
-
-
total
63
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
81
67
270
13
After tax
1 269
1 283
1 080
1 337
Living cost
72
72
72
72
Free-cash
1 197
1 211
1 008
1 265

Estimated living cost  is £72 per week

£45
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.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£693
£754
£533
£478
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
-
-
-
1 350
other
-
-
-
64
income
-
-
-
188
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.

-
-
-
324
health
-
-
-
59
total
-
-
-
635
Employee
323
-
1 078
-
unemployment
3
-
11
-
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.

23
-
75
-
income
56
-
207
-
total
87
-
308
-
Employer
323
-
1 078
-
other
16
-
54
-
accident
3
-
9
-
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
-
183
-
unemployment
3
-
11
-
health
5
-
15
-
total
82
-
272
-
Corporate
946
1 350
-
-
income
199
284
-
-
total
199
284
-
-
Dividends
747
1 066
-
-
withholding
52
75
-
-
total
52
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
420
359
580
635
After tax
930
991
770
715
Living cost
237
237
237
237
Free-cash
693
754
533
478

Estimated living cost  is £237 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£306
£320
£202
£325
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
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
826
-
1 181
-
health
14
-
18
-
pensions
80
-
93
-
income
149
-
284
-
total
243
-
395
-
Employer
826
-
1 181
-
pensions
98
-
147
-
health
16
-
22
-
total
114
-
169
-
Corporate
410
1 350
-
-
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.

78
256
-
-
total
78
256
-
-
Dividends
332
1 094
-
-
withholding
25
190
-
-
total
25
190
-
-
Income
1 350
1 350
1 350
1 350
Total tax
460
446
564
441
After tax
890
904
786
909
Living cost
584
584
584
584
Free-cash
306
320
202
325

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£996
£1038
£1001
£948
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
-
-
-
1 350
unemployment
-
-
-
1
income
-
-
-
203
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
286
Employee
154
-
1 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

14
-
27
-
income
15
-
129
-
total
38
-
173
-
Employer
154
-
1 289
-
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.

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
1 166
1 350
-
-
income
117
135
-
-
total
117
135
-
-
Dividends
1 049
1 215
-
-
withholding
52
61
-
-
total
52
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
238
196
233
286
After tax
1 112
1 154
1 117
1 064
Living cost
116
116
116
116
Free-cash
996
1 038
1 001
948

Estimated living cost  is £116 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£195
£172
£326
£267
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
-
-
-
1 350
income
-
-
-
376
pensions
-
-
-
104
health
-
-
-
110
total
-
-
-
590
Employee
824
759
1 185
-
health
103
99
110
-
pensions
104
104
104
-
income

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

124
124
151
-
total
331
327
365
-
Employer
824
759
1 185
-
pensions
57
53
66
-
unemployment
30
27
34
-
health
57
53
66
-
total
144
133
166
-
Corporate
382
458
-
-
income
76
92
-
-
total
76
92
-
-
Dividends
306
367
-
-
withholding
46
55
-
-
income
65
78
-
-
total
111
133
-
-
Income
1 350
1 350
1 350
1 350
Total tax
662
685
531
590
After tax
688
665
819
760
Living cost
493
493
493
493
Free-cash
195
172
326
267

Estimated living cost  is £493 per week

£363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£630
£708
£464
£501
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
-
-
-
1 350
social contributions
-
-
-
318
income
-
-
-
128
health
-
-
-
182
solidarity contribution
-
-
-
-
total
-
-
-
628
Employee
325
-
1 007
-
solidarity contribution
-
-
-
-
health
44
-
136
-
social contributions
21
-
65
-
income
39
-
121
-
total
104
-
322
-
Employer
325
-
1 007
-
social contributions
81
-
252
-
health
29
-
91
-
total
110
-
343
-
Corporate
915
1 350
-
-
income
174
257
-
-
total
174
257
-
-
Dividends
741
1 093
-
-
withholding
111
164
-
-
total
111
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
421
665
628
After tax
851
929
685
722
Living cost
221
221
221
221
Free-cash
630
708
464
501

Estimated living cost  is £221 per week

£153
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£300
£345
£221
£283
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
-
-
-
1 350
regional
-
-
-
16
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
321
total
-
-
-
692
Employee
790
-
1 350
-
national
137
-
278
-
regional
7
-
14
-
municipal
4
-
7
-
social contributions
266
-
455
-
total
414
-
754
-
Employer
790
-
1 350
-
total
-
-
-
-
Corporate
560
1 350
-
-
nationa
134
324
-
-
municipal
22
53
-
-
total
156
377
-
-
Dividends
404
973
-
-
withholding
105
253
-
-
total
105
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
675
630
754
692
After tax
675
720
596
658
Living cost
375
375
375
375
Free-cash
300
345
221
283

Estimated living cost  is £375 per week

£261
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.
£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.
£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

Source of data for Milan model

Close
Thessaloniki , Greece
£626
£653
£401
£445
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
-
-
-
1 350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
337
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
49
total
-
-
-
709
Employee
294
-
1 115
-
surtax
1
-
42
-
unemployment
20
-
78
-
other
-
-
-
-
health
8
-
28
-
pensions
20
-
74
-
income
49
-
296
-
total
98
-
518
-
Employer
294
-
1 115
-
other
-
-
-
-
pensions
39
-
149
-
unemployment
9
-
35
-
health
13
-
51
-
total
61
-
235
-
Corporate
994
1 350
-
-
income
259
351
-
-
total
259
351
-
-
Dividends
736
999
-
-
withholding
110
150
-
-
total
110
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
528
501
753
709
After tax
822
849
597
641
Living cost
196
196
196
196
Free-cash
626
653
401
445

Estimated living cost  is £196 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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£543
£505
£387
£510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
554
-
1 181
-
health
8
-
18
-
pensions
47
-
93
-
income
100
-
284
-
total
155
-
395
-
Employer
554
-
1 181
-
pensions
60
-
147
-
health
11
-
22
-
total
71
-
169
-
Corporate
726
1 350
-
-
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.

138
256
-
-
total
138
256
-
-
Dividends
588
1 094
-
-
withholding
44
190
-
-
total
44
190
-
-
Income
1 350
1 350
1 350
1 350
Total tax
408
446
564
441
After tax
942
904
786
909
Living cost
399
399
399
399
Free-cash
543
505
387
510

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£214
-£85
£338
£404
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
-
-
-
1 350
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.

-
-
-
27
city
-
-
-
14
regional
-
-
-
60
pensions
-
-
-
124
national
-
-
-
16
health
-
-
-
3
total
-
-
-
244
Employee
821
-
1 208
-
national
4
-
13
-
unemployment
-
-
-
-
city
9
-
13
-
regional
27
-
52
-
health
2
-
3
-
pensions
69
-
101
-
total
111
-
182
-
Employer
821
-
1 208
-
other

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

16
-
24
-
pensions
69
-
101
-
unemployment
-
-
-
-
health
2
-
3
-
total
87
-
128
-
Corporate
433
1 350
-
-
regional
92
286
-
-
national
37
115
-
-
total
129
401
-
-
Dividends
304
950
-
-
withholding
107
332
-
-
total
107
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
434
733
310
244
After tax
916
617
1 040
1 106
Living cost
702
702
702
702
Free-cash
214
-85
338
404

Estimated living cost  is £702 per week

£456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
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.
£174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£405
£260
£467
£306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
trade
-
-
-
161
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.

-
-
-
393
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
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.

-
-
-
22
total
-
-
-
637
Employee

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

534
-
1 350
-
surtax

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

3
-
22
-
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
-
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.

63
-
393
-
total
127
-
476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
816
1 350
-
-
trade
140
232
-
-
income
122
203
-
-
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
2
3
-
-
total
271
449
-
-
Dividends
544
902
-
-
withholding
133
222
-
-
surtax

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

7
12
-
-
total
140
234
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
683
476
637
After tax
812
667
874
713
Living cost
407
407
407
407
Free-cash
405
260
467
306

Estimated living cost  is £407 per week

£297
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£431
£377
£462
£461
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
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
194
pensions
-
-
-
261
health
-
-
-
50
surtax
-
-
-
-
total
-
-
-
585
Employee
380
-
1 058
-
surtax
-
-
-
-
pensions
43
-
68
-
social contributions
11
-
30
-
income
22
-
194
-
total
76
-
292
-
Employer
380
-
1 058
-
other
13
-
39
-
pensions
62
-
116
-
unemployment
15
-
43
-
social contributions
1
-
3
-
health
27
-
91
-
total
118
-
292
-
Corporate
851
1 350
-
-
income
238
378
-
-
surtax
-
-
-
-
total
238
378
-
-
Dividends
613
972
-
-
withholding
78
124
-
-
social contributions
105
167
-
-
surtax
-
-
-
-
total
183
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
615
669
584
585
After tax
735
681
766
765
Living cost
304
304
304
304
Free-cash
431
377
462
461

Estimated living cost  is £304 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£455
£407
£492
£491
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
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
194
pensions
-
-
-
261
health
-
-
-
50
surtax
-
-
-
-
total
-
-
-
585
Employee
339
-
1 058
-
surtax
-
-
-
-
pensions
38
-
68
-
social contributions
10
-
30
-
income
18
-
194
-
total
66
-
292
-
Employer
339
-
1 058
-
other
12
-
39
-
pensions
56
-
116
-
unemployment
14
-
43
-
social contributions
1
-
3
-
health
24
-
91
-
total
107
-
292
-
Corporate
905
1 350
-
-
income
253
378
-
-
surtax
-
-
-
-
total
253
378
-
-
Dividends
651
972
-
-
withholding
83
124
-
-
social contributions
112
167
-
-
surtax
-
-
-
-
total
195
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
621
669
584
585
After tax
729
681
766
765
Living cost
274
274
274
274
Free-cash
455
407
492
491

Estimated living cost  is £274 per week

£159
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

Source of data for Marseille model

Close
Vilnius , Lithuania
£641
£636
£658
£679
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
-
-
-
1 350
social contributions
-
-
-
186
income
-
-
-
203
health
-
-
-
94
total
-
-
-
483
Employee
301
-
1 350
-
health
21
-
94
-
social contributions
42
-
186
-
income
50
-
224
-
total
113
-
504
-
Employer
301
-
1 350
-
total
-
-
-
-
Corporate
1 049
1 350
-
-
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%.

52
67
-
-
total
52
67
-
-
Dividends
996
1 283
-
-
health
70
90
-
-
withholding
149
192
-
-
social contributions
137
177
-
-
total
356
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
526
504
483
After tax
829
824
846
867
Living cost
188
188
188
188
Free-cash
641
636
658
679

Estimated living cost  is £188 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£423
£435
£41
£380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
chamber of commerce
-
-
-
5
unemployment
-
-
-
54
income
-
-
-
325
pensions
-
-
-
192
health
-
-
-
79
surtax
-
-
-
2
total
-
-
-
657
Employee
444
354
1 049
-
unemployment
13
11
31
-
other
4
4
10
-
health
17
14
40
-
pensions
45
36
106
-
income
51
26
255
-
total
130
91
442
-
Employer
444
354
1 049
-
payroll
13
11
31
-
other
21
17
50
-
accident
6
5
13
-
pensions
56
44
130
-
unemployment
13
11
31
-
chamber of commerce
2
1
4
-
surtax
2
2
2
-
health
17
13
39
-
total
130
104
300
-
Corporate
776
892
1 015
-
income

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

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

194
223
254
-
total
194
223
254
-
Dividends
582
669
-
-
withholding
160
184
-
-
total
160
184
-
-
Income
1 350
1 350
1 350
1 350
Total tax
614
602
996
657
After tax
736
748
354
693
Living cost
313
313
313
313
Free-cash
423
435
41
380

Estimated living cost  is £313 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£299
£432
£163
£265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
211
national
-
-
-
482
communal

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

-
-
-
68
total
-
-
-
761
Employee

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

636
-
1 046
-
national
195
-
367
-
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
-
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
-
49
-
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
-
78
-
communal

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

33
-
55
-
total
312
-
558
-
Employer

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

636
-
1 046
-
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
-
14
-
pensions

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

56
-
93
-
unemployment

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

9
-
15
-
surtax
72
-
119
-
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
-
64
-
total
184
-
305
-
Corporate
529
1 350
-
-
income
106
270
-
-
surtax
2
5
-
-
total
108
275
-
-
Dividends
421
1 075
-
-
withholding

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

123
319
-
-
total
123
319
-
-
Income
1 350
1 350
1 350
1 350
Total tax
727
594
863
761
After tax
623
756
487
589
Living cost
324
324
324
324
Free-cash
299
432
163
265

Estimated living cost  is £324 per week

£209
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

Source of data for Brussels model

Close
Barcelona , Spain
£517
£581
£402
£439
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
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
343
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
590
Employee
442
-
1 087
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
21
-
39
-
income
93
-
312
-
total
121
-
365
-
Employer
442
-
1 087
-
other
4
-
7
-
accident
9
-
16
-
pensions
104
-
194
-
unemployment
24
-
45
-
total
141
-
262
-
Corporate
767
1 350
-
-
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.

115
203
-
-
total
115
203
-
-
Dividends
652
1 147
-
-
withholding
135
245
-
-
total
135
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
512
448
627
590
After tax
838
902
723
760
Living cost
321
321
321
321
Free-cash
517
581
402
439

Estimated living cost  is £321 per week

£236
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£216
£319
£262
£209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
198
pensions
-
-
-
202
accident
-
-
-
11
communal
-
-
-
85
health
-
-
-
95
surtax
-
-
-
67
total
-
-
-
658
Employee
673
-
1 206
-
surtax
41
-
74
-
health
30
-
54
-
pensions
54
-
96
-
income
65
-
237
-
total
190
-
461
-
Employer
673
-
1 206
-
accident
6
-
11
-
pensions
54
-
96
-
health
21
-
37
-
total
81
-
144
-
Corporate
597
1 350
-
-
income
90
203
-
-
communal
40
91
-
-
surtax
6
14
-
-
total
136
308
-
-
Dividends
461
1 042
-
-
withholding
69
156
-
-
income
175
84
-
-
total
244
240
-
-
Income
1 350
1 350
1 350
1 350
Total tax
651
548
605
658
After tax
699
802
745
692
Living cost
483
483
483
483
Free-cash
216
319
262
209

Estimated living cost  is £483 per week

£362
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.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£620
£649
£397
£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
-
-
-
1 350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
337
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
49
total
-
-
-
709
Employee
299
-
1 115
-
surtax
1
-
42
-
unemployment
21
-
78
-
other
-
-
-
-
health
8
-
28
-
pensions
20
-
74
-
income
50
-
296
-
total
100
-
518
-
Employer
299
-
1 115
-
other
-
-
-
-
pensions
40
-
149
-
unemployment
9
-
35
-
health
14
-
51
-
total
63
-
235
-
Corporate
988
1 350
-
-
income
257
351
-
-
total
257
351
-
-
Dividends
731
999
-
-
withholding
110
150
-
-
total
110
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
530
501
753
709
After tax
820
849
597
641
Living cost
200
200
200
200
Free-cash
620
649
397
441

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£450
£471
£353
£415
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
-
-
-
1 350
regional
-
-
-
20
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
321
total
-
-
-
696
Employee
493
-
1 350
-
national
78
-
278
-
regional
7
-
18
-
municipal
3
-
7
-
social contributions
166
-
455
-
total
254
-
758
-
Employer
493
-
1 350
-
total
-
-
-
-
Corporate
857
1 350
-
-
nationa
206
324
-
-
municipal
43
67
-
-
total
249
391
-
-
Dividends
609
959
-
-
withholding
158
249
-
-
total
158
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
661
640
758
696
After tax
689
710
592
654
Living cost
239
239
239
239
Free-cash
450
471
353
415

Estimated living cost  is £239 per week

£149
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£560
£657
£413
£450
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
-
-
-
1 350
social contributions
-
-
-
318
income
-
-
-
128
health
-
-
-
182
solidarity contribution
-
-
-
-
total
-
-
-
628
Employee
400
-
1 007
-
solidarity contribution
-
-
-
-
health
54
-
136
-
social contributions
26
-
65
-
income
48
-
121
-
total
128
-
322
-
Employer
400
-
1 007
-
social contributions
100
-
252
-
health
36
-
91
-
total
136
-
343
-
Corporate
814
1 350
-
-
income
155
257
-
-
total
155
257
-
-
Dividends
659
1 093
-
-
withholding
99
164
-
-
total
99
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
518
421
665
628
After tax
832
929
685
722
Living cost
272
272
272
272
Free-cash
560
657
413
450

Estimated living cost  is £272 per week

£202
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£461
£467
£71
£412
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
-
-
-
1 350
chamber of commerce
-
-
-
5
unemployment
-
-
-
54
income
-
-
-
325
pensions
-
-
-
192
health
-
-
-
79
surtax
-
-
-
-
total
-
-
-
655
Employee
388
354
1 050
-
unemployment
12
11
31
-
other
4
4
10
-
health
15
14
40
-
pensions
40
36
106
-
income
35
26
256
-
total
106
91
443
-
Employer
388
354
1 050
-
payroll
12
11
32
-
other
18
17
50
-
accident
5
5
13
-
pensions
49
44
130
-
unemployment
12
11
31
-
chamber of commerce
2
1
4
-
surtax
-
-
-
-
health
15
13
39
-
total
113
102
299
-
Corporate
850
894
1 017
-
income

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

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

212
223
254
-
total
212
223
254
-
Dividends
637
671
-
-
withholding
175
184
-
-
total
175
184
-
-
Income
1 350
1 350
1 350
1 350
Total tax
606
600
996
655
After tax
744
750
354
695
Living cost
283
283
283
283
Free-cash
461
467
71
412

Estimated living cost  is £283 per week

£170
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1149
£1170
£967
£1224
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%.

-
-
-
1 350
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
141
-
1 350
-
income
28
-
270
-
total
28
-
270
-
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%.

1 209
1 350
-
-
total
-
-
-
-
Dividends
1 209
1 350
-
-
withholding
60
67
-
-
total
60
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
88
67
270
13
After tax
1 262
1 283
1 080
1 337
Living cost
113
113
113
113
Free-cash
1 149
1 170
967
1 224

Estimated living cost  is £113 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£617
£692
£397
£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

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.

-
-
-
1 350
unemployment
-
-
-
2
income
-
-
-
298
pensions
-
-
-
247
health
-
-
-
133
total
-
-
-
680
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.

393
-
1 168
-
unemployment
1
-
2
-
health
25
-
75
-
pensions
61
-
181
-
income
68
-
275
-
total
155
-
533
-
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.

393
-
1 168
-
pensions
35
-
103
-
unemployment
-
-
1
-
health
26
-
78
-
total
61
-
182
-
Corporate
896
1 350
-
-
income
170
256
-
-
total
170
256
-
-
Dividends
726
1 094
-
-
withholding
109
164
-
-
total
109
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
495
420
715
680
After tax
855
930
635
670
Living cost
238
238
238
238
Free-cash
617
692
397
432

Estimated living cost  is £238 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

Source of data for Ljubljana model

Close
Oslo , Norway
£30
£444
£858
£556
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
-
-
-
1 350
social contributions
-
-
-
154
income
-
-
-
263
total
-
-
-
417
Employee
540
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
540
-
-
-
social contributions
761
-
109
-
total
761
-
109
-
Corporate
49
1 350
-
-
income
11
297
-
-
total
11
297
-
-
Dividends
38
1 053
-
-
income
8
232
-
-
total
8
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
943
529
115
417
After tax
407
821
1 235
933
Living cost
377
377
377
377
Free-cash
30
444
858
556

Estimated living cost  is £377 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£480
£488
£356
£452
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.

-
-
-
1 350
social contributions

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

-
-
-
469
income
-
-
-
150
surtax
-
-
-
-
total
-
-
-
619
Employee
409
-
1 091
-
surtax
-
-
-
-
social contributions
45
-
120
-
income
85
-
336
-
total
130
-
456
-
Employer
409
-
1 091
-
social contributions
97
-
259
-
total
97
-
259
-
Corporate
844
1 350
-
-
income
177
284
-
-
surtax
-
-
-
-
total
177
284
-
-
Dividends
667
1 066
-
-
withholding
187
299
-
-
total
187
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
591
583
715
619
After tax
759
767
635
731
Living cost
279
279
279
279
Free-cash
480
488
356
452

Estimated living cost  is £279 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£311
£252
£337
£336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
194
pensions
-
-
-
261
health
-
-
-
50
surtax
-
-
-
-
total
-
-
-
585
Employee
556
-
1 058
-
surtax
-
-
-
-
pensions
63
-
68
-
social contributions
16
-
30
-
income
49
-
194
-
total
128
-
292
-
Employer
556
-
1 058
-
other
19
-
39
-
pensions
91
-
116
-
unemployment
23
-
43
-
social contributions
2
-
3
-
health
39
-
91
-
total
174
-
292
-
Corporate
620
1 350
-
-
income
174
378
-
-
surtax
-
-
-
-
total
174
378
-
-
Dividends
446
972
-
-
withholding
57
124
-
-
social contributions
77
167
-
-
surtax
-
-
-
-
total
134
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
610
669
584
585
After tax
740
681
766
765
Living cost
429
429
429
429
Free-cash
311
252
337
336

Estimated living cost  is £429 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£918
£948
£771
£735
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
-
-
-
1 350
income
-
-
-
51
social contributions
-
-
-
297
total
-
-
-
348
Employee
286
-
1 169
-
social contributions
19
-
76
-
income
-
-
55
-
total
19
-
131
-
Employer
286
-
1 169
-
social contributions
44
-
181
-
total
44
-
181
-
Corporate
1 020
1 350
-
-
income
102
135
-
-
total
102
135
-
-
Dividends
918
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
165
135
312
348
After tax
1 185
1 215
1 038
1 002
Living cost
267
267
267
267
Free-cash
918
948
771
735

Estimated living cost  is £267 per week

£173
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.
£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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£583
-£583
-£583
£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
-
-
-
1 350
pensions
-
-
-
8
municipal
-
-
-
275
labour market
-
-
-
107
national
-
-
-
152
total
-
-
-
542
Employee
1 804
1 804
1 804
-
national
220
220
220
-
municipal
384
384
384
-
labour market
144
144
144
-
pensions
3
3
3
-
total
751
751
751
-
Employer
1 804
1 804
1 804
-
municipal
385
385
385
-
pensions
5
5
5
-
national
221
221
221
-
labour market
144
144
144
-
total
755
755
755
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 506
1 506
1 506
542
After tax
-156
-156
-156
808
Living cost
427
427
427
427
Free-cash
-583
-583
-583
381

Estimated living cost  is £427 per week

£292
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.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£79
-£88
£529
£727
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
-
-
-
1 350
other
-
-
-
3
income
-
-
-
363
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
426
Employee
309
-
1 201
-
health
35
-
137
-
pensions
35
-
69
-
income
42
-
269
-
total
112
-
475
-
Employer
309
-
1 201
-
accident
5
-
20
-
pensions
50
-
100
-
unemployment
8
-
29
-
total
63
-
149
-
Corporate
978
1 350
-
-
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.

880
1 215
-
-
total
880
1 215
-
-
Dividends
98
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 074
1 241
624
426
After tax
276
109
726
924
Living cost
197
197
197
197
Free-cash
79
-88
529
727

Estimated living cost  is £197 per week

£143
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£535
£518
£381
£561
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

-
-
-
1 350
municipal
-
-
-
240
national
-
-
-
191
health
-
-
-
17
total
-
-
-
448
Employee
467
-
1 136
-
national
8
-
121
-
unemployment
7
-
17
-
health
3
-
14
-
municipal
77
-
185
-
pensions
32
-
77
-
total
127
-
414
-
Employer
467
-
1 136
-
accident
-
-
1
-
pensions
81
-
197
-
unemployment
3
-
7
-
health
4
-
9
-
total
88
-
214
-
Corporate
794
1 350
-
-
income
159
270
-
-
total
159
270
-
-
Dividends

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

477
810
-
-
municipal
86
146
-
-
national
14
75
-
-
total
100
221
-
-
Income
1 350
1 350
1 350
1 350
Total tax
474
491
628
448
After tax
876
859
722
902
Living cost
341
341
341
341
Free-cash
535
518
381
561

Estimated living cost  is £341 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£731
£778
£716
£728
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
-
-
-
1 350
social contributions
-
-
-
144
income
-
-
-
238
health
-
-
-
34
total
-
-
-
416
Employee
683
683
1 250
-
health
5
12
21
-
social contributions
26
57
76
-
income
74
63
232
-
total
105
132
329
-
Employer
683
683
1 250
-
social contributions
26
57
76
-
health
6
13
23
-
total
32
70
99
-
Corporate
1 007
597
-
-
income
126
75
-
-
total
126
75
-
-
Dividends
881
523
-
-
withholding
150
89
-
-
total
150
89
-
-
Income
1 350
1 350
1 350
1 350
Total tax
413
366
428
416
After tax
937
984
922
934
Living cost
206
206
206
206
Free-cash
731
778
716
728

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£932
£976
£807
£984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 350
unemployment
-
-
-
-
income
-
-
-
136
pensions
-
-
-
57
health
-
-
-
32
total
-
-
-
225
Employee

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

204
-
1 263
-
unemployment
1
-
4
-
health
17
-
72
-
pensions
31
-
126
-
income
14
-
114
-
total
63
-
316
-
Employer

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

204
-
1 263
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 125
1 350
-
-
income
101
122
-
-
total
101
122
-
-
Dividends
1 024
1 228
-
-
withholding
92
111
-
-
total
92
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
277
233
402
225
After tax
1 073
1 117
948
1 125
Living cost
141
141
141
141
Free-cash
932
976
807
984

Estimated living cost  is £141 per week

£90
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.
£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

Source of data for Podgorica model

Close
Valencia , Spain
£617
£658
£479
£516
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
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
343
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
590
Employee
329
-
1 087
-
unemployment
5
-
13
-
other
-
-
1
-
pensions
15
-
39
-
income
63
-
312
-
total
83
-
365
-
Employer
329
-
1 087
-
other
3
-
7
-
accident
7
-
16
-
pensions
78
-
194
-
unemployment
18
-
45
-
total
106
-
262
-
Corporate
917
1 350
-
-
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.

138
203
-
-
total
138
203
-
-
Dividends
779
1 147
-
-
withholding
162
245
-
-
total
162
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
489
448
627
590
After tax
861
902
723
760
Living cost
244
244
244
244
Free-cash
617
658
479
516

Estimated living cost  is £244 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£823
£825
£848
£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
-
-
-
1 350
income
-
-
-
461
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
482
Employee
26
-
1 336
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
461
-
total
8
-
471
-
Employer
26
-
1 336
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
1 319
1 350
-
-
income
290
297
-
-
total
290
297
-
-
Dividends
1 029
1 053
-
-
withholding
206
211
-
-
total
206
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
508
485
482
After tax
840
842
865
868
Living cost
17
17
17
17
Free-cash
823
825
848
851

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
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.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£778
£822
£648
£649
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.

-
-
-
1 350
unemployment
-
-
-
10
income
-
-
-
300
pensions
-
-
-
170
health
-
-
-
68
total
-
-
-
548
Employee

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

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

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

231
-
1 233
-
unemployment
2
-
5
-
health
12
-
34
-
pensions
32
-
92
-
income
32
-
300
-
total
78
-
431
-
Employer

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

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

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

231
-
1 233
-
pensions
28
-
79
-
unemployment
2
-
5
-
health
12
-
34
-
total
42
-
118
-
Corporate
1 077
1 350
-
-
income
162
203
-
-
total
162
203
-
-
Dividends
916
1 147
-
-
withholding
137
172
-
-
total
137
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
419
375
549
548
After tax
931
975
801
802
Living cost
153
153
153
153
Free-cash
778
822
648
649

Estimated living cost  is £153 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£525
£527
£395
£491
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.

-
-
-
1 350
social contributions

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

-
-
-
469
income
-
-
-
150
surtax
-
-
-
-
total
-
-
-
619
Employee
345
-
1 091
-
surtax
-
-
-
-
social contributions
38
-
120
-
income
67
-
336
-
total
105
-
456
-
Employer
345
-
1 091
-
social contributions
82
-
259
-
total
82
-
259
-
Corporate
923
1 350
-
-
income
194
284
-
-
surtax
-
-
-
-
total
194
284
-
-
Dividends
729
1 066
-
-
withholding
204
299
-
-
total
204
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
585
583
715
619
After tax
765
767
635
731
Living cost
240
240
240
240
Free-cash
525
527
395
491

Estimated living cost  is £240 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£529
£590
£411
£448
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
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
343
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
590
Employee
429
-
1 087
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
20
-
39
-
income
90
-
312
-
total
117
-
365
-
Employer
429
-
1 087
-
other
3
-
7
-
accident
8
-
16
-
pensions
101
-
194
-
unemployment
24
-
45
-
total
136
-
262
-
Corporate
784
1 350
-
-
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.

118
203
-
-
total
118
203
-
-
Dividends
666
1 147
-
-
withholding
138
245
-
-
total
138
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
509
448
627
590
After tax
841
902
723
760
Living cost
312
312
312
312
Free-cash
529
590
411
448

Estimated living cost  is £312 per week

£224
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.
£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

Source of data for Madrid model

Close
Sofia , Bulgaria
£948
£1001
£964
£911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
unemployment
-
-
-
1
income
-
-
-
203
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
286
Employee
202
-
1 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
129
-
total
49
-
173
-
Employer
202
-
1 289
-
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.

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 108
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
997
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
233
286
After tax
1 101
1 154
1 117
1 064
Living cost
153
153
153
153
Free-cash
948
1 001
964
911

Estimated living cost  is £153 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£470
£352
£531
£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

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

-
-
-
1 350
trade
-
-
-
134
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.

-
-
-
393
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
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.

-
-
-
22
total
-
-
-
610
Employee

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

442
-
1 350
-
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
-
22
-
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
-
income

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

36
-
393
-
total
99
-
476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
908
1 350
-
-
trade
130
194
-
-
income
136
203
-
-
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
276
411
-
-
Dividends
631
939
-
-
withholding
154
231
-
-
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
13
-
-
total
162
244
-
-
Income
1 350
1 350
1 350
1 350
Total tax
537
655
476
610
After tax
813
695
874
740
Living cost
343
343
343
343
Free-cash
470
352
531
397

Estimated living cost  is £343 per week

£237
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.

Source of data for Berlin model

Close
Dublin , Ireland
£458
£439
£231
£231
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
-
-
-
1 350
social contributions
-
-
-
220
income
-
-
-
393
total
-
-
-
613
Employee
695
-
1 350
-
social contributions
58
-
220
-
income
131
-
393
-
total
189
-
613
-
Employer
695
-
1 350
-
total
-
-
-
-
Corporate
655
1 350
-
-
income
82
169
-
-
total
82
169
-
-
Dividends
573
1 181
-
-
withholding
115
236
-
-
total
115
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
386
405
613
613
After tax
964
945
737
737
Living cost
506
506
506
506
Free-cash
458
439
231
231

Estimated living cost  is £506 per week

£385
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.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£538
£507
£650
£720
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.

-
-
-
1 350
health

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

-
-
-
54
income
-
-
-
253
total
-
-
-
307
Employee
408
-
1 309
-
social contributions
41
-
41
-
income
44
-
295
-
total
85
-
336
-
Employer
408
-
1 309
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
902
1 350
-
-
income
316
473
-
-
total
316
473
-
-
Dividends
586
877
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 350
1 350
1 350
1 350
Total tax
489
520
377
307
After tax
861
830
973
1 043
Living cost
323
323
323
323
Free-cash
538
507
650
720

Estimated living cost  is £323 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£632
£580
£462
£585
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
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
445
-
1 181
-
health
6
-
18
-
pensions
34
-
93
-
income
81
-
284
-
total
121
-
395
-
Employer
445
-
1 181
-
pensions
45
-
147
-
health
8
-
22
-
total
53
-
169
-
Corporate
851
1 350
-
-
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.

162
256
-
-
total
162
256
-
-
Dividends
690
1 094
-
-
withholding
58
190
-
-
total
58
190
-
-
Income
1 350
1 350
1 350
1 350
Total tax
394
446
564
441
After tax
956
904
786
909
Living cost
324
324
324
324
Free-cash
632
580
462
585

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£76
-£107
£510
£708
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
-
-
-
1 350
other
-
-
-
3
income
-
-
-
363
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
426
Employee
340
-
1 201
-
health
39
-
137
-
pensions
38
-
69
-
income
47
-
269
-
total
124
-
475
-
Employer
340
-
1 201
-
accident
6
-
20
-
pensions
55
-
100
-
unemployment
8
-
29
-
total
69
-
149
-
Corporate
941
1 350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

847
1 215
-
-
total
847
1 215
-
-
Dividends
94
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 058
1 241
624
426
After tax
292
109
726
924
Living cost
216
216
216
216
Free-cash
76
-107
510
708

Estimated living cost  is £216 per week

£159
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.
£41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£975
£1017
£814
£640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
unemployment
-
-
-
16
income
-
-
-
219
pensions
-
-
-
248
health insurance
-
-
-
100
work injury
-
-
-
7
total
-
-
-
590
Employee

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

192
-
1 350
-
health insurance
14
-
53
-
unemployment
2
-
9
-
work injury
1
-
4
-
pensions
35
-
131
-
income
19
-
219
-
total
71
-
416
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 158
1 350
-
-
income

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

12
13
-
-
total
12
13
-
-
Dividends
1 146
1 337
-
-
withholding
172
200
-
-
total
172
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
255
213
416
590
After tax
1 095
1 137
934
760
Living cost
120
120
120
120
Free-cash
975
1 017
814
640

Estimated living cost  is £120 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£318
£357
£228
£288
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
-
-
-
1 350
regional
-
-
-
31
social contributions
-
-
-
347
municipal
-
-
-
9
national
-
-
-
321
total
-
-
-
708
Employee
749
-
1 350
-
national
127
-
278
-
regional
11
-
27
-
municipal
4
-
8
-
social contributions
252
-
455
-
total
394
-
768
-
Employer
749
-
1 350
-
total
-
-
-
-
Corporate
601
1 350
-
-
nationa
144
324
-
-
municipal
29
65
-
-
total
173
389
-
-
Dividends
428
961
-
-
withholding
111
250
-
-
total
111
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
678
639
768
708
After tax
672
711
582
642
Living cost
354
354
354
354
Free-cash
318
357
228
288

Estimated living cost  is £354 per week

£249
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

Source of data for Rome model

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