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
£414
£606
£458
£513
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
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.

-
-
-
395
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
health

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

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

-
-
-
60
trade
-
-
-
148
total
-
-
-
625
Employee

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

337
-
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
-
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
-
395
-
health

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

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

60
-
60
-
total
70
-
477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 013
1 350
-
-
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
-
-
trade
159
213
-
-
total
322
430
-
-
Dividends
690
920
-
-
surtax

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

9
12
-
-
withholding
169
227
-
-
total
178
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
570
669
477
625
After tax
780
681
873
725
Living cost
267
267
267
267
Free-cash
513
414
606
458

Estimated living cost  is £267 per week

£168
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
£370
£340
£329
£362
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
municipal
-
-
-
146
national
-
-
-
226
pensions
-
-
-
162
total
-
-
-
549
Employee
732
-
1 167
-
municipal
90
-
151
-
pensions
29
-
47
-
national
140
-
234
-
total
259
-
432
-
Employer
732
-
1 167
-
pensions
59
-
93
-
social contributions
8
-
13
-
total
67
-
106
-
Corporate
503
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%.

101
270
-
-
total
101
270
-
-
Dividends
402
1 080
-
-
withholding
89
238
-
-
total
89
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
516
508
538
549
After tax
834
842
812
801
Living cost
472
472
472
472
Free-cash
362
370
340
329

Estimated living cost  is £472 per week

£321
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.
£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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£897
£636
£262
£825
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
income
-
-
-
223
surtax
-
-
-
344
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.

-
-
-
338
microenterprise
-
-
-
-
total
-
-
-
905
Employee
258
-
974
-
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.

28
-
107
-
income
46
-
189
-
total
74
-
296
-
Employer
258
-
974
-
social contributions

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

62
-
235
-
surtax
-
-
-
-
total
62
-
235
-
Corporate
1 030
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.

824
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
342
270
531
905
After tax
1 008
1 080
819
445
Living cost
183
183
183
183
Free-cash
825
897
636
262

Estimated living cost  is £183 per week

£117
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.
£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
£298
£452
£391
£242
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
-
-
-
378
health
-
-
-
109
pensions
-
-
-
103
total
-
-
-
590
Employee
753
753
1 186
-
pensions
136
103
103
-
income

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

123
123
153
-
health
116
98
109
-
total
375
324
365
-
Employer
753
753
1 186
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
474
465
-
-
income
95
93
-
-
total
95
93
-
-
Dividends
379
372
-
-
income
81
79
-
-
withholding
57
56
-
-
total
138
135
-
-
Income
1 350
1 350
1 350
1 350
Total tax
739
683
529
590
After tax
611
667
821
760
Living cost
369
369
369
369
Free-cash
242
298
452
391

Estimated living cost  is £369 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£377
£338
£348
£368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
334
national
-
-
-
79
pensions
-
-
-
85
total
-
-
-
642
Employee
513
-
1 102
-
municipal
153
-
329
-
national
-
-
74
-
total
153
-
403
-
Employer
513
-
1 102
-
health
32
-
49
-
pensions
55
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
162
-
249
-
Corporate
675
1 350
-
-
income
149
297
-
-
total
149
297
-
-
Dividends
527
1 053
-
-
withholding
158
316
-
-
total
158
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
622
613
652
642
After tax
728
737
698
708
Living cost
360
360
360
360
Free-cash
368
377
338
348

Estimated living cost  is £360 per week

£239
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£329
£527
£372
£454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
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.

-
-
-
395
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
health

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

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

-
-
-
60
trade
-
-
-
155
total
-
-
-
632
Employee

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

447
-
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
-
income

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

38
-
395
-
health

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

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

60
-
60
-
total
100
-
477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
903
1 350
-
-
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
-
-
trade
148
222
-
-
total
293
439
-
-
Dividends
609
911
-
-
surtax

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

8
12
-
-
withholding
149
224
-
-
total
157
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
550
675
477
632
After tax
800
675
873
718
Living cost
346
346
346
346
Free-cash
454
329
527
372

Estimated living cost  is £346 per week

£232
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£699
£635
£647
£663
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
-
-
-
240
social contributions
-
-
-
143
health
-
-
-
34
total
-
-
-
417
Employee
678
678
1 251
-
social contributions
33
56
76
-
income
71
63
233
-
health
7
12
21
-
total
111
131
330
-
Employer
678
678
1 251
-
health
7
13
23
-
social contributions
33
56
76
-
total
40
69
99
-
Corporate
913
603
-
-
income
114
75
-
-
total
114
75
-
-
Dividends
799
528
-
-
withholding
136
90
-
-
total
136
90
-
-
Income
1 350
1 350
1 350
1 350
Total tax
401
365
429
417
After tax
949
985
921
933
Living cost
286
286
286
286
Free-cash
663
699
635
647

Estimated living cost  is £286 per week

£196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£598
£621
£773
£600
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
-
-
-
165
unemployment
-
-
-
20
health
-
-
-
95
pensions
-
-
-
135
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.

234
93
1 130
-
unemployment
4
1
17
-
pensions
23
9
113
-
income
29
11
138
-
health
16
7
79
-
total
72
28
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.

234
93
1 130
-
pensions
46
18
220
-
total
46
18
220
-
Corporate
1 071
1 239
-
-
income
96
111
-
-
total
96
111
-
-
Dividends
974
1 127
-
-
social contributions
189
219
-
-
withholding
185
214
-
-
total
374
433
-
-
Income
1 350
1 350
1 350
1 350
Total tax
588
590
567
415
After tax
762
760
783
935
Living cost
162
162
162
162
Free-cash
600
598
621
773

Estimated living cost  is £162 per week

£110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£867
£565
£511
£812
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
health
-
-
-
175
pensions
-
-
-
270
total
-
-
-
626
Employee
250
-
1 009
-
unemployment
4
-
16
-
pensions
5
-
20
-
income
28
-
195
-
total
37
-
231
-
Employer
250
-
1 009
-
health
33
-
131
-
pensions
50
-
202
-
unemployment
2
-
8
-
total
85
-
341
-
Corporate
1 015
1 350
-
-
income
203
270
-
-
total
203
270
-
-
Dividends
812
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
325
270
572
626
After tax
1 025
1 080
778
724
Living cost
213
213
213
213
Free-cash
812
867
565
511

Estimated living cost  is £213 per week

£146
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
-£88
£528
£727
£79
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
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
20
pensions
-
-
-
37
total
-
-
-
426
Employee
309
-
1 202
-
pensions
35
-
68
-
income
42
-
271
-
health
35
-
138
-
total
112
-
477
-
Employer
309
-
1 202
-
pensions
50
-
99
-
accident
5
-
20
-
unemployment
8
-
29
-
total
63
-
148
-
Corporate
977
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
625
426
After tax
276
109
725
924
Living cost
197
197
197
197
Free-cash
79
-88
528
727

Estimated living cost  is £197 per week

£144
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
£1211
£1008
£1264
£1197
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.

-
-
-
14
total
-
-
-
14
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
14
After tax
1 269
1 283
1 080
1 336
Living cost
72
72
72
72
Free-cash
1 197
1 211
1 008
1 264

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.
£19
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
£756
£535
£481
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
189
other
-
-
-
64
health
-
-
-
59
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.

-
-
-
322
total
-
-
-
634
Employee
320
-
1 078
-
unemployment
3
-
11
-
pensions

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

22
-
75
-
income
55
-
207
-
health
4
-
15
-
total
84
-
308
-
Employer
320
-
1 078
-
health
4
-
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.

54
-
183
-
accident
3
-
9
-
unemployment
3
-
11
-
other
16
-
54
-
total
80
-
272
-
Corporate
949
1 350
-
-
income
199
284
-
-
total
199
284
-
-
Dividends
750
1 066
-
-
withholding
52
75
-
-
total
52
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
415
359
580
634
After tax
935
991
770
716
Living cost
235
235
235
235
Free-cash
700
756
535
481

Estimated living cost  is £235 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£320
£202
£325
£306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
826
-
1 181
-
pensions
80
-
93
-
income
149
-
284
-
health
14
-
18
-
total
243
-
395
-
Employer
826
-
1 181
-
health
16
-
22
-
pensions
98
-
147
-
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
£1038
£1001
£950
£996
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
-
-
-
202
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
46
total
-
-
-
284
Employee
153
-
1 290
-
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.

13
-
27
-
income
15
-
129
-
health
7
-
14
-
total
37
-
173
-
Employer
153
-
1 290
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
1 167
1 350
-
-
income
117
135
-
-
total
117
135
-
-
Dividends
1 050
1 215
-
-
withholding
53
61
-
-
total
53
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
238
196
233
284
After tax
1 112
1 154
1 117
1 066
Living cost
116
116
116
116
Free-cash
996
1 038
1 001
950

Estimated living cost  is £116 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£178
£332
£271
£199
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
-
-
-
378
health
-
-
-
109
pensions
-
-
-
103
total
-
-
-
590
Employee
818
753
1 186
-
pensions
103
103
103
-
income

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

123
123
153
-
health
102
98
109
-
total
328
324
365
-
Employer
818
753
1 186
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
389
465
-
-
income
78
93
-
-
total
78
93
-
-
Dividends
311
372
-
-
income
66
79
-
-
withholding
47
56
-
-
total
113
135
-
-
Income
1 350
1 350
1 350
1 350
Total tax
662
683
529
590
After tax
688
667
821
760
Living cost
489
489
489
489
Free-cash
199
178
332
271

Estimated living cost  is £489 per week

£361
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.
£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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£710
£465
£505
£632
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
-
-
-
128
social contributions
-
-
-
316
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
626
Employee
323
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
21
-
65
-
income
39
-
121
-
health
44
-
136
-
total
104
-
322
-
Employer
323
-
1 007
-
health
29
-
91
-
social contributions
81
-
252
-
total
110
-
343
-
Corporate
917
1 350
-
-
income
174
256
-
-
total
174
256
-
-
Dividends
743
1 094
-
-
withholding
111
164
-
-
total
111
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
420
665
626
After tax
851
930
685
724
Living cost
220
220
220
220
Free-cash
632
710
465
505

Estimated living cost  is £220 per week

£152
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
£348
£224
£285
£303
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
-
-
-
347
regional
-
-
-
16
municipal
-
-
-
8
national
-
-
-
322
total
-
-
-
693
Employee
784
-
1 350
-
municipal
4
-
7
-
national
136
-
278
-
regional
7
-
14
-
social contributions
264
-
455
-
total
411
-
754
-
Employer
784
-
1 350
-
total
-
-
-
-
Corporate
566
1 350
-
-
municipal
22
53
-
-
nationa
136
324
-
-
total
158
377
-
-
Dividends
408
973
-
-
withholding
106
253
-
-
total
106
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
675
630
754
693
After tax
675
720
596
657
Living cost
372
372
372
372
Free-cash
303
348
224
285

Estimated living cost  is £372 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£654
£401
£446
£628
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
-
-
-
339
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
2
health
-
-
-
84
pensions
-
-
-
235
total
-
-
-
709
Employee
292
-
1 115
-
other
-
-
-
-
unemployment
20
-
78
-
pensions
19
-
74
-
surtax
1
-
42
-
income
49
-
297
-
health
7
-
28
-
total
96
-
519
-
Employer
292
-
1 115
-
health
13
-
51
-
pensions
39
-
149
-
unemployment
9
-
35
-
other
-
-
-
-
total
61
-
235
-
Corporate
997
1 350
-
-
income
259
351
-
-
total
259
351
-
-
Dividends
738
999
-
-
withholding
111
150
-
-
total
111
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
527
501
754
709
After tax
823
849
596
641
Living cost
195
195
195
195
Free-cash
628
654
401
446

Estimated living cost  is £195 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£505
£387
£510
£543
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
-
pensions
47
-
93
-
income
100
-
284
-
health
8
-
18
-
total
155
-
395
-
Employer
554
-
1 181
-
health
11
-
22
-
pensions
60
-
147
-
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
-£86
£337
£403
£215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
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
regional
-
-
-
60
health
-
-
-
3
city
-
-
-
14
national
-
-
-
16
pensions
-
-
-
124
total
-
-
-
244
Employee
823
-
1 208
-
unemployment
-
-
-
-
pensions
69
-
101
-
national
4
-
13
-
regional
27
-
52
-
city
9
-
13
-
health
2
-
3
-
total
111
-
182
-
Employer
823
-
1 208
-
health
2
-
3
-
pensions
69
-
101
-
unemployment
-
-
-
-
other

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

16
-
24
-
total
87
-
128
-
Corporate
431
1 350
-
-
regional
91
286
-
-
national
37
115
-
-
total
128
401
-
-
Dividends
303
950
-
-
withholding
106
332
-
-
total
106
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
733
310
244
After tax
918
617
1 040
1 106
Living cost
703
703
703
703
Free-cash
215
-86
337
403

Estimated living cost  is £703 per week

£457
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
£263
£469
£308
£408
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
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.

-
-
-
395
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
health

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

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

-
-
-
60
trade
-
-
-
161
total
-
-
-
638
Employee

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

530
-
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
-
income

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

62
-
395
-
health

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

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

60
-
60
-
total
125
-
477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
820
1 350
-
-
income
123
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
-
-
trade
141
232
-
-
total
273
449
-
-
Dividends
547
902
-
-
surtax

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

7
12
-
-
withholding
133
222
-
-
total
140
234
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
683
477
638
After tax
812
667
873
712
Living cost
404
404
404
404
Free-cash
408
263
469
308

Estimated living cost  is £404 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£379
£463
£462
£431
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
-
-
-
195
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
260
total
-
-
-
586
Employee
377
-
1 057
-
pensions
43
-
68
-
surtax
-
-
-
-
social contributions
11
-
30
-
income
22
-
194
-
total
76
-
292
-
Employer
377
-
1 057
-
health
26
-
92
-
pensions
62
-
116
-
unemployment
15
-
43
-
social contributions
1
-
3
-
other
13
-
39
-
total
117
-
293
-
Corporate
855
1 350
-
-
income
239
378
-
-
surtax
-
-
-
-
total
239
378
-
-
Dividends
615
972
-
-
surtax
-
-
-
-
social contributions
106
167
-
-
withholding
79
124
-
-
total
185
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
617
669
585
586
After tax
733
681
765
764
Living cost
302
302
302
302
Free-cash
431
379
463
462

Estimated living cost  is £302 per week

£190
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
£409
£493
£492
£457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
195
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
260
total
-
-
-
586
Employee
337
-
1 057
-
pensions
38
-
68
-
surtax
-
-
-
-
social contributions
10
-
30
-
income
17
-
194
-
total
65
-
292
-
Employer
337
-
1 057
-
health
24
-
92
-
pensions
55
-
116
-
unemployment
14
-
43
-
social contributions
1
-
3
-
other
12
-
39
-
total
106
-
293
-
Corporate
908
1 350
-
-
income
254
378
-
-
surtax
-
-
-
-
total
254
378
-
-
Dividends
654
972
-
-
surtax
-
-
-
-
social contributions
112
167
-
-
withholding
84
124
-
-
total
196
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
621
669
585
586
After tax
729
681
765
764
Living cost
272
272
272
272
Free-cash
457
409
493
492

Estimated living cost  is £272 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£637
£659
£680
£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
-
-
-
1 350
income
-
-
-
203
social contributions
-
-
-
186
health
-
-
-
94
total
-
-
-
483
Employee
299
-
1 350
-
social contributions
41
-
186
-
income
50
-
224
-
health
21
-
94
-
total
112
-
504
-
Employer
299
-
1 350
-
total
-
-
-
-
Corporate
1 051
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%.

53
67
-
-
total
53
67
-
-
Dividends
998
1 283
-
-
social contributions
138
177
-
-
withholding
150
192
-
-
health
70
90
-
-
total
358
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
523
526
504
483
After tax
827
824
846
867
Living cost
187
187
187
187
Free-cash
640
637
659
680

Estimated living cost  is £187 per week

£125
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
£435
£41
£381
£425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
327
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
5
health
-
-
-
79
pensions
-
-
-
191
total
-
-
-
658
Employee
441
351
1 050
-
other
4
4
10
-
unemployment
13
11
31
-
pensions
45
36
106
-
income
50
26
257
-
health
17
14
40
-
total
129
91
444
-
Employer
441
351
1 050
-
chamber of commerce
2
1
4
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
11
31
-
surtax
2
2
2
-
payroll
13
11
32
-
other
21
17
50
-
total
129
104
300
-
Corporate
781
896
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.

195
224
254
-
total
195
224
254
-
Dividends
586
672
-
-
withholding
161
185
-
-
total
161
185
-
-
Income
1 350
1 350
1 350
1 350
Total tax
614
604
998
658
After tax
736
746
352
692
Living cost
311
311
311
311
Free-cash
425
435
41
381

Estimated living cost  is £311 per week

£207
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
£434
£164
£266
£301
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
communal

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

-
-
-
68
social contributions
-
-
-
211
national
-
-
-
483
total
-
-
-
762
Employee

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

631
-
1 046
-
unemployment

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

5
-
9
-
communal

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

33
-
55
-
pensions

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

47
-
78
-
national
194
-
368
-
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
-
total
309
-
559
-
Employer

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

631
-
1 046
-
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
-
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
-
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
-
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
-
total
184
-
305
-
Corporate
536
1 350
-
-
income
107
270
-
-
surtax
2
5
-
-
total
109
275
-
-
Dividends
426
1 075
-
-
withholding

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

125
319
-
-
total
125
319
-
-
Income
1 350
1 350
1 350
1 350
Total tax
727
594
864
762
After tax
623
756
486
588
Living cost
322
322
322
322
Free-cash
301
434
164
266

Estimated living cost  is £322 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£583
£403
£441
£518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
7
income
-
-
-
345
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
590
Employee
439
-
1 089
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
93
-
315
-
total
121
-
367
-
Employer
439
-
1 089
-
pensions
104
-
193
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
140
-
261
-
Corporate
771
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.

116
203
-
-
total
116
203
-
-
Dividends
655
1 147
-
-
withholding
136
245
-
-
total
136
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
513
448
628
590
After tax
837
902
722
760
Living cost
318
318
318
318
Free-cash
518
583
403
441

Estimated living cost  is £318 per week

£235
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
£322
£265
£212
£220
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
communal
-
-
-
85
accident
-
-
-
11
income
-
-
-
199
surtax
-
-
-
67
health
-
-
-
95
pensions
-
-
-
202
total
-
-
-
659
Employee
668
-
1 206
-
pensions
53
-
96
-
surtax
41
-
74
-
income
65
-
238
-
health
30
-
54
-
total
189
-
462
-
Employer
668
-
1 206
-
health
20
-
37
-
pensions
53
-
96
-
accident
6
-
11
-
total
79
-
144
-
Corporate
602
1 350
-
-
communal
41
91
-
-
income
90
203
-
-
surtax
6
14
-
-
total
137
308
-
-
Dividends
465
1 042
-
-
income
176
85
-
-
withholding
70
156
-
-
total
246
241
-
-
Income
1 350
1 350
1 350
1 350
Total tax
651
549
606
659
After tax
699
801
744
691
Living cost
479
479
479
479
Free-cash
220
322
265
212

Estimated living cost  is £479 per week

£360
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
£651
£398
£443
£621
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
-
-
-
339
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
2
health
-
-
-
84
pensions
-
-
-
235
total
-
-
-
709
Employee
297
-
1 115
-
other
-
-
-
-
unemployment
21
-
78
-
pensions
20
-
74
-
surtax
1
-
42
-
income
50
-
297
-
health
8
-
28
-
total
100
-
519
-
Employer
297
-
1 115
-
health
14
-
51
-
pensions
40
-
149
-
unemployment
9
-
35
-
other
-
-
-
-
total
63
-
235
-
Corporate
990
1 350
-
-
income
258
351
-
-
total
258
351
-
-
Dividends
733
999
-
-
withholding
110
150
-
-
total
110
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
531
501
754
709
After tax
819
849
596
641
Living cost
198
198
198
198
Free-cash
621
651
398
443

Estimated living cost  is £198 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
£472
£354
£415
£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
-
-
-
347
regional
-
-
-
20
municipal
-
-
-
8
national
-
-
-
322
total
-
-
-
697
Employee
489
-
1 350
-
municipal
3
-
7
-
national
78
-
278
-
regional
7
-
18
-
social contributions
165
-
455
-
total
253
-
758
-
Employer
489
-
1 350
-
total
-
-
-
-
Corporate
861
1 350
-
-
municipal
43
67
-
-
nationa
207
324
-
-
total
250
391
-
-
Dividends
611
959
-
-
withholding
159
249
-
-
total
159
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
662
640
758
697
After tax
688
710
592
653
Living cost
238
238
238
238
Free-cash
450
472
354
415

Estimated living cost  is £238 per week

£148
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
£660
£414
£454
£562
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
-
-
-
128
social contributions
-
-
-
316
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
626
Employee
398
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
26
-
65
-
income
48
-
121
-
health
54
-
136
-
total
128
-
322
-
Employer
398
-
1 007
-
health
36
-
91
-
social contributions
99
-
252
-
total
135
-
343
-
Corporate
817
1 350
-
-
income
155
256
-
-
total
155
256
-
-
Dividends
662
1 094
-
-
withholding
99
164
-
-
total
99
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
420
665
626
After tax
833
930
685
724
Living cost
270
270
270
270
Free-cash
562
660
414
454

Estimated living cost  is £270 per week

£201
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
£467
£71
£413
£464
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
-
-
-
327
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
5
health
-
-
-
79
pensions
-
-
-
191
total
-
-
-
656
Employee
386
351
1 052
-
other
4
4
10
-
unemployment
12
11
31
-
pensions
39
36
106
-
income
34
26
258
-
health
15
14
40
-
total
104
91
445
-
Employer
386
351
1 052
-
chamber of commerce
2
1
4
-
health
15
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
12
11
31
-
surtax
-
-
-
-
payroll
12
11
32
-
other
18
17
50
-
total
112
102
298
-
Corporate
854
897
1 018
-
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.

213
224
255
-
total
213
224
255
-
Dividends
640
673
-
-
withholding
176
185
-
-
total
176
185
-
-
Income
1 350
1 350
1 350
1 350
Total tax
605
602
998
656
After tax
745
748
352
694
Living cost
281
281
281
281
Free-cash
464
467
71
413

Estimated living cost  is £281 per week

£169
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
£1171
£968
£1224
£1150
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.

-
-
-
14
total
-
-
-
14
Employee
140
-
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%.

1 210
1 350
-
-
total
-
-
-
-
Dividends
1 210
1 350
-
-
withholding
60
67
-
-
total
60
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
88
67
270
14
After tax
1 262
1 283
1 080
1 336
Living cost
112
112
112
112
Free-cash
1 150
1 171
968
1 224

Estimated living cost  is £112 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
£693
£397
£432
£619
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
income
-
-
-
299
unemployment
-
-
-
2
health
-
-
-
133
pensions
-
-
-
247
total
-
-
-
681
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.

390
-
1 168
-
unemployment
1
-
2
-
pensions
60
-
181
-
income
67
-
276
-
health
25
-
75
-
total
153
-
534
-
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.

390
-
1 168
-
health
26
-
78
-
pensions
35
-
103
-
unemployment
-
-
1
-
total
61
-
182
-
Corporate
899
1 350
-
-
income
171
256
-
-
total
171
256
-
-
Dividends
728
1 094
-
-
withholding
109
164
-
-
total
109
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
494
420
716
681
After tax
856
930
634
669
Living cost
237
237
237
237
Free-cash
619
693
397
432

Estimated living cost  is £237 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£441
£854
£553
£22
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
-
-
-
263
social contributions
-
-
-
154
total
-
-
-
417
Employee
545
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
545
-
-
-
social contributions
769
-
110
-
total
769
-
110
-
Corporate
36
1 350
-
-
income
8
297
-
-
total
8
297
-
-
Dividends
28
1 053
-
-
income
6
232
-
-
total
6
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
948
529
116
417
After tax
402
821
1 234
933
Living cost
380
380
380
380
Free-cash
22
441
854
553

Estimated living cost  is £380 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£490
£357
£453
£482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
151
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
620
Employee
406
-
1 091
-
surtax
-
-
-
-
social contributions
45
-
120
-
income
84
-
337
-
total
129
-
457
-
Employer
406
-
1 091
-
social contributions
96
-
259
-
total
96
-
259
-
Corporate
848
1 350
-
-
income
178
284
-
-
surtax
-
-
-
-
total
178
284
-
-
Dividends
670
1 066
-
-
withholding
188
299
-
-
total
188
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
591
583
716
620
After tax
759
767
634
730
Living cost
277
277
277
277
Free-cash
482
490
357
453

Estimated living cost  is £277 per week

£207
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
£255
£339
£338
£315
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
-
-
-
195
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
260
total
-
-
-
586
Employee
552
-
1 057
-
pensions
62
-
68
-
surtax
-
-
-
-
social contributions
16
-
30
-
income
48
-
194
-
total
126
-
292
-
Employer
552
-
1 057
-
health
39
-
92
-
pensions
91
-
116
-
unemployment
22
-
43
-
social contributions
2
-
3
-
other
19
-
39
-
total
173
-
293
-
Corporate
625
1 350
-
-
income
175
378
-
-
surtax
-
-
-
-
total
175
378
-
-
Dividends
450
972
-
-
surtax
-
-
-
-
social contributions
77
167
-
-
withholding
58
124
-
-
total
135
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
609
669
585
586
After tax
741
681
765
764
Living cost
426
426
426
426
Free-cash
315
255
339
338

Estimated living cost  is £426 per week

£288
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.
£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

Source of data for Paris model

Close
Andorra , Andorra
£950
£772
£736
£921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
52
social contributions
-
-
-
297
total
-
-
-
349
Employee
284
-
1 169
-
income
-
-
56
-
social contributions
18
-
76
-
total
18
-
132
-
Employer
284
-
1 169
-
social contributions
44
-
181
-
total
44
-
181
-
Corporate
1 023
1 350
-
-
income
102
135
-
-
total
102
135
-
-
Dividends
920
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
164
135
313
349
After tax
1 186
1 215
1 037
1 001
Living cost
265
265
265
265
Free-cash
921
950
772
736

Estimated living cost  is £265 per week

£171
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
-£569
-£569
£384
-£569
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
labour market
-
-
-
107
municipal
-
-
-
275
national
-
-
-
152
pensions
-
-
-
8
total
-
-
-
542
Employee
1 791
1 791
1 791
-
municipal
381
381
381
-
labour market
143
143
143
-
pensions
3
3
3
-
national
219
219
219
-
total
746
746
746
-
Employer
1 791
1 791
1 791
-
national
219
219
219
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
382
382
382
-
total
749
749
749
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 495
1 495
1 495
542
After tax
-145
-145
-145
808
Living cost
424
424
424
424
Free-cash
-569
-569
-569
384

Estimated living cost  is £424 per week

£290
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
-£85
£531
£730
£79
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
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
20
pensions
-
-
-
37
total
-
-
-
426
Employee
305
-
1 202
-
pensions
34
-
68
-
income
42
-
271
-
health
35
-
138
-
total
111
-
477
-
Employer
305
-
1 202
-
pensions
50
-
99
-
accident
5
-
20
-
unemployment
7
-
29
-
total
62
-
148
-
Corporate
983
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.

885
1 215
-
-
total
885
1 215
-
-
Dividends
98
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 077
1 241
625
426
After tax
273
109
725
924
Living cost
194
194
194
194
Free-cash
79
-85
531
730

Estimated living cost  is £194 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Krakow model

Close
Helsinki , Finland
£519
£382
£561
£537
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
health
-
-
-
17
municipal
-
-
-
240
national
-
-
-
193
total
-
-
-
450
Employee
464
-
1 136
-
municipal
76
-
185
-
unemployment
7
-
17
-
pensions
31
-
77
-
national
8
-
122
-
health
3
-
14
-
total
125
-
415
-
Employer
464
-
1 136
-
health
4
-
9
-
pensions
81
-
197
-
accident
-
-
1
-
unemployment
3
-
7
-
total
88
-
214
-
Corporate
798
1 350
-
-
income
160
270
-
-
total
160
270
-
-
Dividends

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

479
810
-
-
municipal
86
146
-
-
national
15
76
-
-
total
101
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
474
492
629
450
After tax
876
858
721
900
Living cost
339
339
339
339
Free-cash
537
519
382
561

Estimated living cost  is £339 per week

£221
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£781
£717
£729
£733
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
-
-
-
240
social contributions
-
-
-
143
health
-
-
-
34
total
-
-
-
417
Employee
678
678
1 251
-
social contributions
26
56
76
-
income
74
63
233
-
health
5
12
21
-
total
105
131
330
-
Employer
678
678
1 251
-
health
6
13
23
-
social contributions
26
56
76
-
total
32
69
99
-
Corporate
1 010
603
-
-
income
126
75
-
-
total
126
75
-
-
Dividends
884
528
-
-
withholding
150
90
-
-
total
150
90
-
-
Income
1 350
1 350
1 350
1 350
Total tax
413
365
429
417
After tax
937
985
921
933
Living cost
204
204
204
204
Free-cash
733
781
717
729

Estimated living cost  is £204 per week

£122
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£977
£809
£986
£934
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
income
-
-
-
136
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
224
Employee

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

202
-
1 264
-
unemployment
1
-
4
-
pensions
30
-
126
-
income
14
-
114
-
health
17
-
71
-
total
62
-
315
-
Employer

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

202
-
1 264
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 127
1 350
-
-
income
101
122
-
-
total
101
122
-
-
Dividends
1 025
1 228
-
-
withholding
92
111
-
-
total
92
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
276
233
401
224
After tax
1 074
1 117
949
1 126
Living cost
140
140
140
140
Free-cash
934
977
809
986

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£659
£479
£517
£620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
7
income
-
-
-
345
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
590
Employee
326
-
1 089
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
315
-
total
83
-
367
-
Employer
326
-
1 089
-
pensions
77
-
193
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
104
-
261
-
Corporate
920
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
782
1 147
-
-
withholding
162
245
-
-
total
162
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
487
448
628
590
After tax
863
902
722
760
Living cost
243
243
243
243
Free-cash
620
659
479
517

Estimated living cost  is £243 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£825
£849
£851
£823
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
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
482
Employee
26
-
1 336
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
460
-
health
1
-
3
-
total
8
-
470
-
Employer
26
-
1 336
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
1 318
1 350
-
-
income
290
297
-
-
total
290
297
-
-
Dividends
1 028
1 053
-
-
withholding
206
211
-
-
total
206
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
508
484
482
After tax
840
842
866
868
Living cost
17
17
17
17
Free-cash
823
825
849
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
£823
£649
£650
£777
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
income
-
-
-
301
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
547
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.

230
-
1 233
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
32
-
301
-
health
12
-
34
-
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.

230
-
1 233
-
health
12
-
34
-
pensions
28
-
78
-
unemployment
2
-
5
-
total
42
-
117
-
Corporate
1 079
1 350
-
-
income
162
202
-
-
total
162
202
-
-
Dividends
917
1 148
-
-
withholding
138
172
-
-
total
138
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
420
374
548
547
After tax
930
976
802
803
Living cost
153
153
153
153
Free-cash
777
823
649
650

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
£529
£396
£492
£526
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
income
-
-
-
151
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
620
Employee
342
-
1 091
-
surtax
-
-
-
-
social contributions
38
-
120
-
income
67
-
337
-
total
105
-
457
-
Employer
342
-
1 091
-
social contributions
81
-
259
-
total
81
-
259
-
Corporate
926
1 350
-
-
income
195
284
-
-
surtax
-
-
-
-
total
195
284
-
-
Dividends
732
1 066
-
-
withholding
205
299
-
-
total
205
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
586
583
716
620
After tax
764
767
634
730
Living cost
238
238
238
238
Free-cash
526
529
396
492

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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
£592
£412
£450
£532
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
accident
-
-
-
7
income
-
-
-
345
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
590
Employee
426
-
1 089
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
89
-
315
-
total
116
-
367
-
Employer
426
-
1 089
-
pensions
101
-
193
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
135
-
261
-
Corporate
788
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
670
1 147
-
-
withholding
139
245
-
-
total
139
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
508
448
628
590
After tax
842
902
722
760
Living cost
310
310
310
310
Free-cash
532
592
412
450

Estimated living cost  is £310 per week

£223
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
£1002
£965
£914
£949
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
-
-
-
202
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
46
total
-
-
-
284
Employee
201
-
1 290
-
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.

18
-
27
-
income
20
-
129
-
health
9
-
14
-
total
49
-
173
-
Employer
201
-
1 290
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 110
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
999
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
233
284
After tax
1 101
1 154
1 117
1 066
Living cost
152
152
152
152
Free-cash
949
1 002
965
914

Estimated living cost  is £152 per week

£100
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
£355
£533
£398
£469
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
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.

-
-
-
395
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
health

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

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

-
-
-
60
trade
-
-
-
135
total
-
-
-
612
Employee

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

439
-
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
-
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
-
395
-
health

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

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

60
-
60
-
total
98
-
477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
911
1 350
-
-
income
137
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
-
-
trade
131
194
-
-
total
279
411
-
-
Dividends
634
939
-
-
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
13
-
-
withholding
155
231
-
-
total
164
244
-
-
Income
1 350
1 350
1 350
1 350
Total tax
541
655
477
612
After tax
809
695
873
738
Living cost
340
340
340
340
Free-cash
469
355
533
398

Estimated living cost  is £340 per week

£235
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£443
£233
£233
£462
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
-
-
-
394
social contributions
-
-
-
221
total
-
-
-
615
Employee
690
-
1 350
-
income
130
-
394
-
social contributions
57
-
221
-
total
187
-
615
-
Employer
690
-
1 350
-
total
-
-
-
-
Corporate
660
1 350
-
-
income
83
169
-
-
total
83
169
-
-
Dividends
578
1 181
-
-
withholding
116
236
-
-
total
116
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
386
405
615
615
After tax
964
945
735
735
Living cost
502
502
502
502
Free-cash
462
443
233
233

Estimated living cost  is £502 per week

£382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£510
£651
£725
£540
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
income
-
-
-
251
health

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

-
-
-
54
total
-
-
-
305
Employee
405
-
1 309
-
income
44
-
297
-
social contributions
41
-
41
-
total
85
-
338
-
Employer
405
-
1 309
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
905
1 350
-
-
income
317
473
-
-
total
317
473
-
-
Dividends
588
877
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 350
1 350
1 350
1 350
Total tax
490
520
379
305
After tax
860
830
971
1 045
Living cost
320
320
320
320
Free-cash
540
510
651
725

Estimated living cost  is £320 per week

£211
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.
£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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£580
£462
£585
£632
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
-
pensions
34
-
93
-
income
81
-
284
-
health
6
-
18
-
total
121
-
395
-
Employer
445
-
1 181
-
health
8
-
22
-
pensions
45
-
147
-
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
-£104
£512
£711
£77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
20
pensions
-
-
-
37
total
-
-
-
426
Employee
335
-
1 202
-
pensions
38
-
68
-
income
46
-
271
-
health
38
-
138
-
total
122
-
477
-
Employer
335
-
1 202
-
pensions
54
-
99
-
accident
6
-
20
-
unemployment
8
-
29
-
total
68
-
148
-
Corporate
947
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.

852
1 215
-
-
total
852
1 215
-
-
Dividends
95
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 060
1 241
625
426
After tax
290
109
725
924
Living cost
213
213
213
213
Free-cash
77
-104
512
711

Estimated living cost  is £213 per week

£156
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.
£40
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
£1017
£817
£640
£976
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
income
-
-
-
220
unemployment
-
-
-
16
work injury
-
-
-
7
health insurance
-
-
-
100
pensions
-
-
-
248
total
-
-
-
591
Employee

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

190
-
1 350
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
130
-
income
19
-
220
-
total
71
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 160
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
14
-
-
total
12
14
-
-
Dividends
1 148
1 336
-
-
withholding
172
200
-
-
total
172
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
255
214
414
591
After tax
1 095
1 136
936
759
Living cost
119
119
119
119
Free-cash
976
1 017
817
640

Estimated living cost  is £119 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
£360
£231
£290
£320
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
-
-
-
347
regional
-
-
-
31
municipal
-
-
-
9
national
-
-
-
322
total
-
-
-
709
Employee
743
-
1 350
-
municipal
4
-
8
-
national
126
-
278
-
regional
11
-
27
-
social contributions
251
-
455
-
total
392
-
768
-
Employer
743
-
1 350
-
total
-
-
-
-
Corporate
607
1 350
-
-
municipal
29
65
-
-
nationa
146
324
-
-
total
175
389
-
-
Dividends
432
961
-
-
withholding
112
250
-
-
total
112
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
679
639
768
709
After tax
671
711
582
641
Living cost
351
351
351
351
Free-cash
320
360
231
290

Estimated living cost  is £351 per week

£247
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.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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