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
£417
£607
£513
£458
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
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
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.

-
-
-
396
trade
-
-
-
149
surtax

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

-
-
-
22
total
-
-
-
627
Employee

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

335
-
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
-
396
-
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
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 015
1 350
-
-
trade
160
213
-
-
chamber of commerce
3
3
-
-
surtax

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

8
11
-
-
income
152
202
-
-
total
323
429
-
-
Dividends
692
920
-
-
withholding
170
227
-
-
surtax

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

9
12
-
-
total
179
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
572
668
478
627
After tax
778
682
872
723
Living cost
265
265
265
265
Free-cash
513
417
607
458

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£378
£348
£370
£337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
15
national
-
-
-
226
pensions
-
-
-
162
municipal
-
-
-
146
total
-
-
-
549
Employee
719
-
1 167
-
national
138
-
234
-
municipal
89
-
151
-
pensions
29
-
47
-
total
256
-
432
-
Employer
719
-
1 167
-
pensions
57
-
93
-
social contributions
8
-
13
-
total
65
-
106
-
Corporate
519
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%.

104
270
-
-
total
104
270
-
-
Dividends
415
1 080
-
-
withholding
91
238
-
-
total
91
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
516
508
538
549
After tax
834
842
812
801
Living cost
464
464
464
464
Free-cash
370
378
348
337

Estimated living cost  is £464 per week

£315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£898
£636
£825
£266
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
microenterprise
-
-
-
-
social contributions

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

-
-
-
335
income
-
-
-
223
surtax
-
-
-
344
total
-
-
-
902
Employee
256
-
976
-
surtax
-
-
-
-
income
46
-
190
-
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
-
total
74
-
297
-
Employer
256
-
976
-
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.

62
-
235
-
total
62
-
235
-
Corporate
1 033
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%.

207
270
-
-
total
207
270
-
-
Dividends

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

826
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
343
270
532
902
After tax
1 007
1 080
818
448
Living cost
182
182
182
182
Free-cash
825
898
636
266

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£298
£455
£244
£391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
108
income
-
-
-
381
pensions
-
-
-
103
total
-
-
-
592
Employee
748
748
1 187
-
income

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

122
122
154
-
pensions
135
103
103
-
health
115
98
108
-
total
372
323
365
-
Employer
748
748
1 187
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
65
-
total
131
131
163
-
Corporate
481
472
-
-
income
96
94
-
-
total
96
94
-
-
Dividends
385
377
-
-
withholding
58
57
-
-
income
82
80
-
-
total
140
137
-
-
Income
1 350
1 350
1 350
1 350
Total tax
739
685
528
592
After tax
611
665
822
758
Living cost
367
367
367
367
Free-cash
244
298
455
391

Estimated living cost  is £367 per week

£260
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
£372
£335
£365
£344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
50
national
-
-
-
75
pensions
-
-
-
87
unemployment
-
-
-
1
other
-
-
-
93
accident
-
-
-
2
municipal
-
-
-
333
total
-
-
-
641
Employee
521
-
1 098
-
national
-
-
70
-
municipal
155
-
328
-
total
155
-
398
-
Employer
521
-
1 098
-
unemployment
14
-
21
-
pensions
56
-
87
-
accident
1
-
2
-
other
60
-
93
-
health
32
-
49
-
total
163
-
252
-
Corporate
666
1 350
-
-
income
146
297
-
-
total
146
297
-
-
Dividends
519
1 053
-
-
withholding
156
316
-
-
total
156
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
620
613
650
641
After tax
730
737
700
709
Living cost
365
365
365
365
Free-cash
365
372
335
344

Estimated living cost  is £365 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£332
£528
£454
£373
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
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
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.

-
-
-
396
trade
-
-
-
155
surtax

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

-
-
-
22
total
-
-
-
633
Employee

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

444
-
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
-
396
-
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
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
906
1 350
-
-
trade
149
222
-
-
chamber of commerce
3
3
-
-
surtax

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

7
11
-
-
income
136
202
-
-
total
295
438
-
-
Dividends
611
911
-
-
withholding
149
224
-
-
surtax

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

8
12
-
-
total
157
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
552
674
478
633
After tax
798
676
872
717
Living cost
344
344
344
344
Free-cash
454
332
528
373

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£702
£637
£664
£648
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
health
-
-
-
34
social contributions
-
-
-
142
income
-
-
-
242
total
-
-
-
418
Employee
673
673
1 251
-
income
71
62
235
-
social contributions
33
56
75
-
health
7
11
21
-
total
111
129
331
-
Employer
673
673
1 251
-
social contributions
33
56
75
-
health
7
12
23
-
total
40
68
98
-
Corporate
916
609
-
-
income
115
76
-
-
total
115
76
-
-
Dividends
801
532
-
-
withholding
136
91
-
-
total
136
91
-
-
Income
1 350
1 350
1 350
1 350
Total tax
402
364
429
418
After tax
948
986
921
932
Living cost
284
284
284
284
Free-cash
664
702
637
648

Estimated living cost  is £284 per week

£194
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
£601
£624
£603
£776
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
health
-
-
-
95
income
-
-
-
165
pensions
-
-
-
135
unemployment
-
-
-
20
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.

230
92
1 130
-
unemployment
3
1
17
-
income
28
11
138
-
pensions
23
9
113
-
health
16
6
79
-
total
70
27
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.

230
92
1 130
-
pensions
45
18
220
-
total
45
18
220
-
Corporate
1 075
1 241
-
-
income
97
112
-
-
total
97
112
-
-
Dividends
978
1 129
-
-
withholding
186
214
-
-
social contributions
190
219
-
-
total
376
433
-
-
Income
1 350
1 350
1 350
1 350
Total tax
588
590
567
415
After tax
762
760
783
935
Living cost
159
159
159
159
Free-cash
603
601
624
776

Estimated living cost  is £159 per week

£109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£869
£567
£814
£512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
176
income
-
-
-
181
pensions
-
-
-
270
total
-
-
-
627
Employee
248
-
1 009
-
unemployment
4
-
16
-
income
28
-
195
-
pensions
5
-
20
-
total
37
-
231
-
Employer
248
-
1 009
-
unemployment
2
-
8
-
pensions
50
-
202
-
health
32
-
131
-
total
84
-
341
-
Corporate
1 018
1 350
-
-
income
204
270
-
-
total
204
270
-
-
Dividends
814
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
325
270
572
627
After tax
1 025
1 080
778
723
Living cost
211
211
211
211
Free-cash
814
869
567
512

Estimated living cost  is £211 per week

£145
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
-£85
£533
£79
£730
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
health
-
-
-
19
income
-
-
-
365
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
426
Employee
305
-
1 203
-
income
42
-
272
-
pensions
34
-
67
-
health
35
-
138
-
total
111
-
477
-
Employer
305
-
1 203
-
unemployment
7
-
29
-
pensions
50
-
97
-
accident
5
-
20
-
total
62
-
146
-
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
623
426
After tax
273
109
727
924
Living cost
194
194
194
194
Free-cash
79
-85
533
730

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1209
£1007
£1196
£1264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
91
-
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%.

1 259
1 350
-
-
total
-
-
-
-
Dividends
1 259
1 350
-
-
withholding
63
68
-
-
total
63
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
81
68
270
13
After tax
1 269
1 282
1 080
1 337
Living cost
73
73
73
73
Free-cash
1 196
1 209
1 007
1 264

Estimated living cost  is £73 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£759
£537
£700
£486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
59
income
-
-
-
190
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.

-
-
-
319
other
-
-
-
63
total
-
-
-
631
Employee
318
-
1 078
-
unemployment
3
-
11
-
income
55
-
207
-
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
-
health
4
-
15
-
total
84
-
308
-
Employer
318
-
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.

54
-
183
-
accident
3
-
9
-
other
16
-
54
-
health
4
-
15
-
total
80
-
272
-
Corporate
952
1 350
-
-
income
200
283
-
-
total
200
283
-
-
Dividends
752
1 067
-
-
withholding
53
75
-
-
total
53
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
417
358
580
631
After tax
933
992
770
719
Living cost
233
233
233
233
Free-cash
700
759
537
486

Estimated living cost  is £233 per week

£165
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
£306
£325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
826
-
1 181
-
income
149
-
284
-
pensions
80
-
93
-
health
14
-
18
-
total
243
-
395
-
Employer
826
-
1 181
-
pensions
98
-
147
-
health
16
-
22
-
total
114
-
169
-
Corporate
410
1 350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1039
£1002
£998
£951
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
health
-
-
-
35
income
-
-
-
203
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
284
Employee
152
-
1 290
-
income
15
-
129
-
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
-
health
7
-
14
-
total
37
-
173
-
Employer
152
-
1 290
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 169
1 350
-
-
income
117
135
-
-
total
117
135
-
-
Dividends
1 052
1 215
-
-
withholding
53
61
-
-
total
53
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
237
196
233
284
After tax
1 113
1 154
1 117
1 066
Living cost
115
115
115
115
Free-cash
998
1 039
1 002
951

Estimated living cost  is £115 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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£180
£337
£204
£273
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
health
-
-
-
108
income
-
-
-
381
pensions
-
-
-
103
total
-
-
-
592
Employee
812
748
1 187
-
income

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

122
122
154
-
pensions
103
103
103
-
health
101
98
108
-
total
326
323
365
-
Employer
812
748
1 187
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
65
-
total
141
131
163
-
Corporate
396
472
-
-
income
79
94
-
-
total
79
94
-
-
Dividends
317
377
-
-
withholding
48
57
-
-
income
67
80
-
-
total
115
137
-
-
Income
1 350
1 350
1 350
1 350
Total tax
661
685
528
592
After tax
689
665
822
758
Living cost
485
485
485
485
Free-cash
204
180
337
273

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£714
£469
£636
£512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
182
social contributions
-
-
-
311
income
-
-
-
129
solidarity contribution
-
-
-
-
total
-
-
-
622
Employee
318
-
1 007
-
income
38
-
121
-
solidarity contribution
-
-
-
-
social contributions
21
-
65
-
health
43
-
136
-
total
102
-
322
-
Employer
318
-
1 007
-
social contributions
79
-
252
-
health
29
-
91
-
total
108
-
343
-
Corporate
924
1 350
-
-
income
176
256
-
-
total
176
256
-
-
Dividends
749
1 094
-
-
withholding
112
164
-
-
total
112
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
498
420
665
622
After tax
852
930
685
728
Living cost
216
216
216
216
Free-cash
636
714
469
512

Estimated living cost  is £216 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

Close
Milan , Italy
£351
£226
£307
£287
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
national
-
-
-
323
regional
-
-
-
16
municipal
-
-
-
8
total
-
-
-
694
Employee
778
-
1 350
-
regional
7
-
14
-
national
135
-
279
-
municipal
4
-
7
-
social contributions
262
-
455
-
total
408
-
755
-
Employer
778
-
1 350
-
total
-
-
-
-
Corporate
572
1 350
-
-
nationa
137
324
-
-
municipal
22
53
-
-
total
159
377
-
-
Dividends
412
973
-
-
withholding
107
253
-
-
total
107
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
674
630
755
694
After tax
676
720
595
656
Living cost
369
369
369
369
Free-cash
307
351
226
287

Estimated living cost  is £369 per week

£257
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.
£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 Milan model

Close
Thessaloniki , Greece
£656
£402
£629
£447
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
health
-
-
-
83
income
-
-
-
341
pensions
-
-
-
234
unemployment
-
-
-
2
other
-
-
-
-
surtax
-
-
-
50
total
-
-
-
710
Employee
289
-
1 115
-
surtax
1
-
42
-
unemployment
20
-
78
-
income
49
-
298
-
pensions
19
-
74
-
health
7
-
28
-
other
-
-
-
-
total
96
-
520
-
Employer
289
-
1 115
-
unemployment
9
-
35
-
pensions
39
-
149
-
other
-
-
-
-
health
13
-
51
-
total
61
-
235
-
Corporate
1 000
1 350
-
-
income
260
351
-
-
total
260
351
-
-
Dividends
740
999
-
-
withholding
111
150
-
-
total
111
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
528
501
755
710
After tax
822
849
595
640
Living cost
193
193
193
193
Free-cash
629
656
402
447

Estimated living cost  is £193 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£543
£510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£93
£331
£210
£396
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
health
-
-
-
3
national
-
-
-
16
pensions
-
-
-
124
regional
-
-
-
60
city
-
-
-
14
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
27
total
-
-
-
244
Employee
831
-
1 208
-
regional
27
-
51
-
national
4
-
13
-
unemployment
-
-
-
-
pensions
70
-
101
-
health
2
-
3
-
city
9
-
13
-
total
112
-
181
-
Employer
831
-
1 208
-
unemployment
-
-
-
-
pensions
70
-
101
-
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.

17
-
24
-
health
2
-
3
-
total
89
-
128
-
Corporate
422
1 350
-
-
national
36
115
-
-
regional
89
286
-
-
total
125
401
-
-
Dividends
297
950
-
-
withholding
104
332
-
-
total
104
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
430
733
309
244
After tax
920
617
1 041
1 106
Living cost
710
710
710
710
Free-cash
210
-93
331
396

Estimated living cost  is £710 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£176
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
£267
£471
£409
£309
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
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
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.

-
-
-
396
trade
-
-
-
162
surtax

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

-
-
-
22
total
-
-
-
640
Employee

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

526
-
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
-
396
-
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
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
824
1 350
-
-
trade
141
232
-
-
chamber of commerce
2
3
-
-
surtax

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

7
11
-
-
income
124
202
-
-
total
274
448
-
-
Dividends
550
902
-
-
withholding
134
222
-
-
surtax

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

7
12
-
-
total
141
234
-
-
Income
1 350
1 350
1 350
1 350
Total tax
540
682
478
640
After tax
810
668
872
710
Living cost
401
401
401
401
Free-cash
409
267
471
309

Estimated living cost  is £401 per week

£293
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
£381
£464
£433
£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
health
-
-
-
51
social contributions
-
-
-
38
income
-
-
-
196
pensions
-
-
-
259
other
-
-
-
42
surtax
-
-
-
-
total
-
-
-
586
Employee
375
-
1 057
-
surtax
-
-
-
-
income
22
-
195
-
social contributions
11
-
30
-
pensions
42
-
68
-
total
75
-
293
-
Employer
375
-
1 057
-
unemployment
15
-
43
-
pensions
62
-
116
-
social contributions
1
-
3
-
other
13
-
39
-
health
26
-
92
-
total
117
-
293
-
Corporate
858
1 350
-
-
surtax
-
-
-
-
income
240
378
-
-
total
240
378
-
-
Dividends
618
972
-
-
withholding
79
124
-
-
surtax
-
-
-
-
social contributions
106
167
-
-
total
185
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
617
669
586
586
After tax
733
681
764
764
Living cost
300
300
300
300
Free-cash
433
381
464
464

Estimated living cost  is £300 per week

£189
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.
£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 Nice model

Close
Marseille , France
£411
£494
£458
£494
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
health
-
-
-
51
social contributions
-
-
-
38
income
-
-
-
196
pensions
-
-
-
259
other
-
-
-
42
surtax
-
-
-
-
total
-
-
-
586
Employee
334
-
1 057
-
surtax
-
-
-
-
income
17
-
195
-
social contributions
10
-
30
-
pensions
38
-
68
-
total
65
-
293
-
Employer
334
-
1 057
-
unemployment
14
-
43
-
pensions
55
-
116
-
social contributions
1
-
3
-
other
12
-
39
-
health
23
-
92
-
total
105
-
293
-
Corporate
911
1 350
-
-
surtax
-
-
-
-
income
255
378
-
-
total
255
378
-
-
Dividends
656
972
-
-
withholding
84
124
-
-
surtax
-
-
-
-
social contributions
113
167
-
-
total
197
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
622
669
586
586
After tax
728
681
764
764
Living cost
270
270
270
270
Free-cash
458
411
494
494

Estimated living cost  is £270 per week

£156
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.
£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
£638
£659
£641
£682
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
health
-
-
-
94
social contributions
-
-
-
186
income
-
-
-
202
total
-
-
-
482
Employee
297
-
1 350
-
income
50
-
225
-
social contributions
41
-
186
-
health
21
-
94
-
total
112
-
505
-
Employer
297
-
1 350
-
total
-
-
-
-
Corporate
1 053
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
1 001
1 283
-
-
withholding
150
192
-
-
social contributions
138
177
-
-
health
70
90
-
-
total
358
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
523
526
505
482
After tax
827
824
845
868
Living cost
186
186
186
186
Free-cash
641
638
659
682

Estimated living cost  is £186 per week

£124
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.
£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
£441
£43
£426
£385
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
health
-
-
-
78
chamber of commerce
-
-
-
5
income
-
-
-
329
pensions
-
-
-
189
unemployment
-
-
-
54
surtax
-
-
-
2
total
-
-
-
657
Employee
437
349
1 052
-
unemployment
13
10
31
-
income
50
26
259
-
pensions
45
36
105
-
health
17
14
40
-
other
4
3
10
-
total
129
89
445
-
Employer
437
349
1 052
-
chamber of commerce
2
1
4
-
surtax
2
2
2
-
payroll
13
10
32
-
unemployment
13
10
31
-
pensions
55
44
128
-
accident
6
5
13
-
other
21
17
50
-
health
17
13
39
-
total
129
102
299
-
Corporate
785
899
1 019
-
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.

196
225
255
-
total
196
225
255
-
Dividends
589
674
-
-
withholding
162
185
-
-
total
162
185
-
-
Income
1 350
1 350
1 350
1 350
Total tax
616
601
999
657
After tax
734
749
351
693
Living cost
308
308
308
308
Free-cash
426
441
43
385

Estimated living cost  is £308 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£437
£167
£306
£269
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
-
-
-
210
national
-
-
-
484
total
-
-
-
762
Employee

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

626
-
1 046
-
national
193
-
368
-
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
-
health

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

29
-
49
-
total
307
-
559
-
Employer

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

626
-
1 046
-
surtax
71
-
119
-
unemployment

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

9
-
15
-
pensions

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

55
-
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
-
health

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

39
-
64
-
total
182
-
305
-
Corporate
542
1 350
-
-
surtax
2
5
-
-
income
108
270
-
-
total
110
275
-
-
Dividends
431
1 075
-
-
withholding

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

126
319
-
-
total
126
319
-
-
Income
1 350
1 350
1 350
1 350
Total tax
725
594
864
762
After tax
625
756
486
588
Living cost
319
319
319
319
Free-cash
306
437
167
269

Estimated living cost  is £319 per week

£206
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
£587
£407
£524
£443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
347
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
591
Employee
436
-
1 091
-
unemployment
7
-
13
-
income
92
-
317
-
pensions
20
-
38
-
other
-
-
1
-
total
119
-
369
-
Employer
436
-
1 091
-
unemployment
24
-
45
-
pensions
103
-
191
-
accident
9
-
16
-
other
3
-
6
-
total
139
-
258
-
Corporate
775
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
202
-
-
total
116
202
-
-
Dividends
659
1 148
-
-
withholding
136
245
-
-
total
136
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
447
627
591
After tax
840
903
723
759
Living cost
316
316
316
316
Free-cash
524
587
407
443

Estimated living cost  is £316 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£326
£267
£223
£214
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
health
-
-
-
95
communal
-
-
-
85
income
-
-
-
200
pensions
-
-
-
202
surtax
-
-
-
67
accident
-
-
-
11
total
-
-
-
660
Employee
663
-
1 206
-
surtax
41
-
74
-
income
64
-
239
-
pensions
53
-
96
-
health
30
-
54
-
total
188
-
463
-
Employer
663
-
1 206
-
pensions
53
-
96
-
accident
6
-
11
-
health
20
-
37
-
total
79
-
144
-
Corporate
608
1 350
-
-
surtax
6
14
-
-
income
91
202
-
-
communal
41
91
-
-
total
138
307
-
-
Dividends
469
1 042
-
-
withholding
70
156
-
-
income
176
85
-
-
total
246
241
-
-
Income
1 350
1 350
1 350
1 350
Total tax
651
548
607
660
After tax
699
802
743
690
Living cost
476
476
476
476
Free-cash
223
326
267
214

Estimated living cost  is £476 per week

£357
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.
£85
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
£652
£398
£625
£443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
83
income
-
-
-
341
pensions
-
-
-
234
unemployment
-
-
-
2
other
-
-
-
-
surtax
-
-
-
50
total
-
-
-
710
Employee
295
-
1 115
-
surtax
1
-
42
-
unemployment
21
-
78
-
income
49
-
298
-
pensions
20
-
74
-
health
8
-
28
-
other
-
-
-
-
total
99
-
520
-
Employer
295
-
1 115
-
unemployment
9
-
35
-
pensions
39
-
149
-
other
-
-
-
-
health
13
-
51
-
total
61
-
235
-
Corporate
993
1 350
-
-
income
258
351
-
-
total
258
351
-
-
Dividends
735
999
-
-
withholding
110
150
-
-
total
110
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
528
501
755
710
After tax
822
849
595
640
Living cost
197
197
197
197
Free-cash
625
652
398
443

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£474
£355
£453
£416
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
national
-
-
-
323
regional
-
-
-
20
municipal
-
-
-
8
total
-
-
-
698
Employee
486
-
1 350
-
regional
7
-
18
-
national
77
-
279
-
municipal
3
-
7
-
social contributions
164
-
455
-
total
251
-
759
-
Employer
486
-
1 350
-
total
-
-
-
-
Corporate
864
1 350
-
-
nationa
207
324
-
-
municipal
43
67
-
-
total
250
391
-
-
Dividends
614
959
-
-
withholding
160
249
-
-
total
160
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
661
640
759
698
After tax
689
710
591
652
Living cost
236
236
236
236
Free-cash
453
474
355
416

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£664
£419
£569
£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
health
-
-
-
182
social contributions
-
-
-
311
income
-
-
-
129
solidarity contribution
-
-
-
-
total
-
-
-
622
Employee
391
-
1 007
-
income
47
-
121
-
solidarity contribution
-
-
-
-
social contributions
25
-
65
-
health
53
-
136
-
total
125
-
322
-
Employer
391
-
1 007
-
social contributions
98
-
252
-
health
35
-
91
-
total
133
-
343
-
Corporate
826
1 350
-
-
income
157
256
-
-
total
157
256
-
-
Dividends
669
1 094
-
-
withholding
100
164
-
-
total
100
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
515
420
665
622
After tax
835
930
685
728
Living cost
266
266
266
266
Free-cash
569
664
419
462

Estimated living cost  is £266 per week

£198
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.
£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 Prague model

Close
Graz , Austria
£471
£73
£468
£416
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
health
-
-
-
78
chamber of commerce
-
-
-
5
income
-
-
-
329
pensions
-
-
-
189
unemployment
-
-
-
54
surtax
-
-
-
-
total
-
-
-
655
Employee
383
349
1 053
-
unemployment
11
10
31
-
income
34
26
260
-
pensions
39
36
105
-
health
15
14
40
-
other
4
3
10
-
total
103
89
446
-
Employer
383
349
1 053
-
chamber of commerce
2
1
4
-
surtax
-
-
-
-
payroll
11
10
32
-
unemployment
11
10
31
-
pensions
48
44
128
-
accident
5
5
13
-
other
18
17
50
-
health
14
13
39
-
total
109
100
297
-
Corporate
857
901
1 020
-
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.

214
225
255
-
total
214
225
255
-
Dividends
643
676
-
-
withholding
177
186
-
-
total
177
186
-
-
Income
1 350
1 350
1 350
1 350
Total tax
603
600
998
655
After tax
747
750
352
695
Living cost
279
279
279
279
Free-cash
468
471
73
416

Estimated living cost  is £279 per week

£168
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1169
£967
£1149
£1224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
141
-
1 350
-
income
28
-
270
-
total
28
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 209
1 350
-
-
total
-
-
-
-
Dividends
1 209
1 350
-
-
withholding
60
68
-
-
total
60
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
88
68
270
13
After tax
1 262
1 282
1 080
1 337
Living cost
113
113
113
113
Free-cash
1 149
1 169
967
1 224

Estimated living cost  is £113 per week

£77
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
£694
£398
£620
£433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
133
income
-
-
-
300
pensions
-
-
-
247
unemployment
-
-
-
2
total
-
-
-
682
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.

387
-
1 168
-
unemployment
1
-
2
-
income
67
-
277
-
pensions
60
-
181
-
health
25
-
75
-
total
153
-
535
-
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.

387
-
1 168
-
unemployment
-
-
1
-
pensions
34
-
103
-
health
26
-
78
-
total
60
-
182
-
Corporate
903
1 350
-
-
income
172
257
-
-
total
172
257
-
-
Dividends
731
1 093
-
-
withholding
110
164
-
-
total
110
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
495
421
717
682
After tax
855
929
633
668
Living cost
235
235
235
235
Free-cash
620
694
398
433

Estimated living cost  is £235 per week

£161
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
£417
£823
-£46
£529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
154
income
-
-
-
263
total
-
-
-
417
Employee
579
-
-
-
income
128
-
-
-
social contributions
47
-
7
-
total
175
-
7
-
Employer
579
-
-
-
social contributions
817
-
116
-
total
817
-
116
-
Corporate
-
1 350
-
-
income
-
297
-
-
total
-
297
-
-
Dividends
-
1 053
-
-
income
-
232
-
-
total
-
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
992
529
123
417
After tax
358
821
1 227
933
Living cost
404
404
404
404
Free-cash
-46
417
823
529

Estimated living cost  is £404 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
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
£493
£358
£484
£455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 350
social contributions

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

-
-
-
469
income
-
-
-
151
surtax
-
-
-
-
total
-
-
-
620
Employee
403
-
1 091
-
surtax
-
-
-
-
income
84
-
338
-
social contributions
44
-
120
-
total
128
-
458
-
Employer
403
-
1 091
-
social contributions
96
-
259
-
total
96
-
259
-
Corporate
852
1 350
-
-
surtax
-
-
-
-
income
179
283
-
-
total
179
283
-
-
Dividends
673
1 067
-
-
withholding
188
299
-
-
total
188
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
591
582
717
620
After tax
759
768
633
730
Living cost
275
275
275
275
Free-cash
484
493
358
455

Estimated living cost  is £275 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£258
£341
£317
£341
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
health
-
-
-
51
social contributions
-
-
-
38
income
-
-
-
196
pensions
-
-
-
259
other
-
-
-
42
surtax
-
-
-
-
total
-
-
-
586
Employee
548
-
1 057
-
surtax
-
-
-
-
income
48
-
195
-
social contributions
16
-
30
-
pensions
62
-
68
-
total
126
-
293
-
Employer
548
-
1 057
-
unemployment
22
-
43
-
pensions
90
-
116
-
social contributions
2
-
3
-
other
19
-
39
-
health
38
-
92
-
total
171
-
293
-
Corporate
631
1 350
-
-
surtax
-
-
-
-
income
177
378
-
-
total
177
378
-
-
Dividends
454
972
-
-
withholding
58
124
-
-
surtax
-
-
-
-
social contributions
78
167
-
-
total
136
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
610
669
586
586
After tax
740
681
764
764
Living cost
423
423
423
423
Free-cash
317
258
341
341

Estimated living cost  is £423 per week

£286
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.
£96
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
£952
£774
£923
£738
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
281
-
1 169
-
social contributions
18
-
76
-
income
-
-
56
-
total
18
-
132
-
Employer
281
-
1 169
-
social contributions
44
-
181
-
total
44
-
181
-
Corporate
1 025
1 350
-
-
income
102
135
-
-
total
102
135
-
-
Dividends
922
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
263
263
263
263
Free-cash
923
952
774
738

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£554
-£554
-£554
£386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
labour market
-
-
-
107
national
-
-
-
152
pensions
-
-
-
8
municipal
-
-
-
276
total
-
-
-
543
Employee
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
pensions
5
5
5
-
labour market
142
142
142
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 483
1 483
1 483
543
After tax
-133
-133
-133
807
Living cost
421
421
421
421
Free-cash
-554
-554
-554
386

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£82
£536
£80
£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
health
-
-
-
19
income
-
-
-
365
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
426
Employee
300
-
1 203
-
income
41
-
272
-
pensions
34
-
67
-
health
34
-
138
-
total
109
-
477
-
Employer
300
-
1 203
-
unemployment
7
-
29
-
pensions
49
-
97
-
accident
5
-
20
-
total
61
-
146
-
Corporate
989
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.

890
1 215
-
-
total
890
1 215
-
-
Dividends
99
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 079
1 241
623
426
After tax
271
109
727
924
Living cost
191
191
191
191
Free-cash
80
-82
536
733

Estimated living cost  is £191 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£522
£384
£539
£563
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
national
-
-
-
194
municipal
-
-
-
240
total
-
-
-
451
Employee
461
-
1 136
-
national
8
-
123
-
unemployment
7
-
17
-
municipal
75
-
185
-
pensions
31
-
77
-
health
3
-
14
-
total
124
-
416
-
Employer
461
-
1 136
-
unemployment
3
-
7
-
pensions
80
-
197
-
accident
-
-
1
-
health
4
-
9
-
total
87
-
214
-
Corporate
803
1 350
-
-
income
161
270
-
-
total
161
270
-
-
Dividends

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

482
810
-
-
municipal
87
146
-
-
national
16
76
-
-
total
103
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
475
492
630
451
After tax
875
858
720
899
Living cost
336
336
336
336
Free-cash
539
522
384
563

Estimated living cost  is £336 per week

£220
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.
£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
£783
£718
£735
£729
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
health
-
-
-
34
social contributions
-
-
-
142
income
-
-
-
242
total
-
-
-
418
Employee
673
673
1 251
-
income
73
62
235
-
social contributions
25
56
75
-
health
5
11
21
-
total
103
129
331
-
Employer
673
673
1 251
-
social contributions
25
56
75
-
health
6
12
23
-
total
31
68
98
-
Corporate
1 012
609
-
-
income
127
76
-
-
total
127
76
-
-
Dividends
886
532
-
-
withholding
151
91
-
-
total
151
91
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
364
429
418
After tax
938
986
921
932
Living cost
203
203
203
203
Free-cash
735
783
718
729

Estimated living cost  is £203 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£979
£811
£934
£987
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
health
-
-
-
32
income
-
-
-
136
pensions
-
-
-
56
unemployment
-
-
-
-
total
-
-
-
224
Employee

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

201
-
1 264
-
unemployment
1
-
4
-
income
14
-
114
-
pensions
30
-
125
-
health
17
-
71
-
total
62
-
314
-
Employer

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

201
-
1 264
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 128
1 350
-
-
income
102
121
-
-
total
102
121
-
-
Dividends
1 027
1 229
-
-
withholding
92
111
-
-
total
92
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
277
232
400
224
After tax
1 073
1 118
950
1 126
Living cost
139
139
139
139
Free-cash
934
979
811
987

Estimated living cost  is £139 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
£662
£482
£623
£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
income
-
-
-
347
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
591
Employee
324
-
1 091
-
unemployment
5
-
13
-
income
62
-
317
-
pensions
15
-
38
-
other
-
-
1
-
total
82
-
369
-
Employer
324
-
1 091
-
unemployment
18
-
45
-
pensions
76
-
191
-
accident
6
-
16
-
other
3
-
6
-
total
103
-
258
-
Corporate
923
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
202
-
-
total
138
202
-
-
Dividends
785
1 148
-
-
withholding
163
245
-
-
total
163
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
486
447
627
591
After tax
864
903
723
759
Living cost
241
241
241
241
Free-cash
623
662
482
518

Estimated living cost  is £241 per week

£162
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
£826
£850
£825
£851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
9
income
-
-
-
462
pensions
-
-
-
12
total
-
-
-
483
Employee
25
-
1 337
-
unemployment
-
-
1
-
income
5
-
461
-
pensions
2
-
5
-
health
1
-
3
-
total
8
-
470
-
Employer
25
-
1 337
-
unemployment
-
-
1
-
pensions
3
-
7
-
health
2
-
6
-
total
5
-
14
-
Corporate
1 319
1 350
-
-
income
290
297
-
-
total
290
297
-
-
Dividends
1 029
1 053
-
-
withholding
206
211
-
-
total
206
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
509
508
484
483
After tax
841
842
866
867
Living cost
16
16
16
16
Free-cash
825
826
850
851

Estimated living cost  is £16 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
£825
£655
£781
£654
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
health
-
-
-
66
income
-
-
-
301
pensions
-
-
-
168
unemployment
-
-
-
10
total
-
-
-
545
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.

228
-
1 234
-
unemployment
2
-
5
-
income
31
-
301
-
pensions
32
-
90
-
health
12
-
33
-
total
77
-
429
-
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.

228
-
1 234
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 082
1 350
-
-
income
162
202
-
-
total
162
202
-
-
Dividends
919
1 148
-
-
withholding
138
172
-
-
total
138
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
418
374
544
545
After tax
932
976
806
805
Living cost
151
151
151
151
Free-cash
781
825
655
654

Estimated living cost  is £151 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£532
£397
£529
£494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 350
social contributions

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

-
-
-
469
income
-
-
-
151
surtax
-
-
-
-
total
-
-
-
620
Employee
340
-
1 091
-
surtax
-
-
-
-
income
66
-
338
-
social contributions
37
-
120
-
total
103
-
458
-
Employer
340
-
1 091
-
social contributions
81
-
259
-
total
81
-
259
-
Corporate
930
1 350
-
-
surtax
-
-
-
-
income
195
283
-
-
total
195
283
-
-
Dividends
734
1 067
-
-
withholding
206
299
-
-
total
206
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
585
582
717
620
After tax
765
768
633
730
Living cost
236
236
236
236
Free-cash
529
532
397
494

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£595
£415
£535
£451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
347
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
591
Employee
423
-
1 091
-
unemployment
7
-
13
-
income
88
-
317
-
pensions
20
-
38
-
other
-
-
1
-
total
115
-
369
-
Employer
423
-
1 091
-
unemployment
23
-
45
-
pensions
100
-
191
-
accident
8
-
16
-
other
3
-
6
-
total
134
-
258
-
Corporate
792
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.

119
202
-
-
total
119
202
-
-
Dividends
674
1 148
-
-
withholding
139
245
-
-
total
139
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
507
447
627
591
After tax
843
903
723
759
Living cost
308
308
308
308
Free-cash
535
595
415
451

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1004
£967
£952
£916
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
health
-
-
-
35
income
-
-
-
203
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
284
Employee
199
-
1 290
-
income
20
-
129
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
173
-
Employer
199
-
1 290
-
unemployment
1
-
2
-
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
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 112
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
1 001
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
248
196
233
284
After tax
1 102
1 154
1 117
1 066
Living cost
150
150
150
150
Free-cash
952
1 004
967
916

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£357
£534
£470
£399
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
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
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.

-
-
-
396
trade
-
-
-
135
surtax

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

-
-
-
22
total
-
-
-
613
Employee

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

436
-
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
-
396
-
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
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
914
1 350
-
-
trade
131
194
-
-
chamber of commerce
3
3
-
-
surtax

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

8
11
-
-
income
137
202
-
-
total
279
410
-
-
Dividends
636
939
-
-
withholding
156
232
-
-
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
-
-
total
165
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
542
655
478
613
After tax
808
695
872
737
Living cost
338
338
338
338
Free-cash
470
357
534
399

Estimated living cost  is £338 per week

£233
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.
£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
£446
£235
£466
£235
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
-
-
-
395
social contributions
-
-
-
221
total
-
-
-
616
Employee
685
-
1 350
-
social contributions
57
-
221
-
income
129
-
395
-
total
186
-
616
-
Employer
685
-
1 350
-
total
-
-
-
-
Corporate
665
1 350
-
-
income
83
169
-
-
total
83
169
-
-
Dividends
582
1 181
-
-
withholding
116
236
-
-
total
116
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
385
405
616
616
After tax
965
945
734
734
Living cost
499
499
499
499
Free-cash
466
446
235
235

Estimated living cost  is £499 per week

£379
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
£514
£654
£544
£729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 350
health

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

-
-
-
54
income
-
-
-
249
total
-
-
-
303
Employee
402
-
1 310
-
social contributions
40
-
40
-
income
44
-
298
-
total
84
-
338
-
Employer
402
-
1 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
908
1 350
-
-
income
318
472
-
-
total
318
472
-
-
Dividends
590
878
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
488
518
378
303
After tax
862
832
972
1 047
Living cost
318
318
318
318
Free-cash
544
514
654
729

Estimated living cost  is £318 per week

£209
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
£632
£585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
366
pensions
-
-
-
75
total
-
-
-
441
Employee
445
-
1 181
-
income
81
-
284
-
pensions
34
-
93
-
health
6
-
18
-
total
121
-
395
-
Employer
445
-
1 181
-
pensions
45
-
147
-
health
8
-
22
-
total
53
-
169
-
Corporate
851
1 350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£101
£517
£77
£714
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
health
-
-
-
19
income
-
-
-
365
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
426
Employee
330
-
1 203
-
income
45
-
272
-
pensions
37
-
67
-
health
38
-
138
-
total
120
-
477
-
Employer
330
-
1 203
-
unemployment
8
-
29
-
pensions
54
-
97
-
accident
6
-
20
-
total
68
-
146
-
Corporate
953
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.

857
1 215
-
-
total
857
1 215
-
-
Dividends
95
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 063
1 241
623
426
After tax
287
109
727
924
Living cost
210
210
210
210
Free-cash
77
-101
517
714

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1018
£820
£977
£641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
work injury
-
-
-
7
income
-
-
-
220
health insurance
-
-
-
100
pensions
-
-
-
248
unemployment
-
-
-
16
total
-
-
-
591
Employee

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

189
-
1 350
-
unemployment
2
-
8
-
work injury
1
-
3
-
income
19
-
220
-
health insurance
14
-
52
-
pensions
35
-
129
-
total
71
-
412
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 161
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
1 149
1 336
-
-
withholding
172
200
-
-
total
172
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
255
214
412
591
After tax
1 095
1 136
938
759
Living cost
118
118
118
118
Free-cash
977
1 018
820
641

Estimated living cost  is £118 per week

£73
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
£362
£232
£322
£291
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
national
-
-
-
323
regional
-
-
-
31
municipal
-
-
-
9
total
-
-
-
710
Employee
738
-
1 350
-
regional
11
-
27
-
national
125
-
279
-
municipal
4
-
8
-
social contributions
249
-
455
-
total
389
-
769
-
Employer
738
-
1 350
-
total
-
-
-
-
Corporate
612
1 350
-
-
nationa
147
324
-
-
municipal
30
65
-
-
total
177
389
-
-
Dividends
436
961
-
-
withholding
113
250
-
-
total
113
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
679
639
769
710
After tax
671
711
581
640
Living cost
349
349
349
349
Free-cash
322
362
232
291

Estimated living cost  is £349 per week

£245
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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