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
£459
£513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
396
surtax

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

-
-
-
22
health

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

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

-
-
-
60
trade
-
-
-
148
total
-
-
-
626
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
-
-
income
152
202
-
-
surtax

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

8
11
-
-
chamber of commerce
3
3
-
-
trade
160
213
-
-
total
323
429
-
-
Dividends
692
920
-
-
surtax

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

9
12
-
-
withholding
170
227
-
-
total
179
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
572
668
478
626
After tax
778
682
872
724
Living cost
265
265
265
265
Free-cash
513
417
607
459

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.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£378
£348
£337
£369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
15
municipal
-
-
-
146
national
-
-
-
226
pensions
-
-
-
162
total
-
-
-
549
Employee
719
-
1 167
-
municipal
89
-
151
-
pensions
29
-
47
-
national
138
-
234
-
total
256
-
432
-
Employer
719
-
1 167
-
pensions
58
-
93
-
social contributions
8
-
13
-
total
66
-
106
-
Corporate
518
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
414
1 080
-
-
withholding
91
238
-
-
total
91
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
508
538
549
After tax
833
842
812
801
Living cost
464
464
464
464
Free-cash
369
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.
£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

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
£265
£826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 350
income
-
-
-
223
surtax
-
-
-
344
social contributions

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

-
-
-
336
microenterprise
-
-
-
-
total
-
-
-
903
Employee
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.

28
-
107
-
income
46
-
190
-
total
74
-
297
-
Employer
256
-
976
-
social contributions

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

62
-
235
-
surtax
-
-
-
-
total
62
-
235
-
Corporate
1 032
1 350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

206
270
-
-
total
206
270
-
-
Dividends

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

826
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
342
270
532
903
After tax
1 008
1 080
818
447
Living cost
182
182
182
182
Free-cash
826
898
636
265

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£299
£455
£392
£244
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
-
-
-
380
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
591
Employee
748
748
1 187
-
pensions
135
103
103
-
income

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

122
122
154
-
health
115
98
108
-
total
372
323
365
-
Employer
748
748
1 187
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
480
471
-
-
income
96
94
-
-
total
96
94
-
-
Dividends
384
376
-
-
income
82
80
-
-
withholding
58
56
-
-
total
140
136
-
-
Income
1 350
1 350
1 350
1 350
Total tax
739
684
528
591
After tax
611
666
822
759
Living cost
367
367
367
367
Free-cash
244
299
455
392

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
£375
£337
£346
£366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
334
national
-
-
-
78
pensions
-
-
-
86
total
-
-
-
642
Employee
515
-
1 101
-
municipal
154
-
328
-
national
-
-
73
-
total
154
-
401
-
Employer
515
-
1 101
-
health
32
-
49
-
pensions
56
-
86
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
163
-
250
-
Corporate
673
1 350
-
-
income
148
297
-
-
total
148
297
-
-
Dividends
525
1 053
-
-
withholding
157
316
-
-
total
157
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
622
613
651
642
After tax
728
737
699
708
Living cost
362
362
362
362
Free-cash
366
375
337
346

Estimated living cost  is £362 per week

£240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£332
£528
£373
£454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
396
surtax

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

-
-
-
22
health

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

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

-
-
-
60
trade
-
-
-
155
total
-
-
-
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
-
-
income
136
202
-
-
surtax

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

7
11
-
-
chamber of commerce
3
3
-
-
trade
149
222
-
-
total
295
438
-
-
Dividends
611
911
-
-
surtax

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

8
12
-
-
withholding
149
224
-
-
total
157
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£703
£637
£649
£665
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
-
-
-
241
social contributions
-
-
-
142
health
-
-
-
34
total
-
-
-
417
Employee
674
674
1 251
-
social contributions
33
56
75
-
income
71
62
235
-
health
7
11
21
-
total
111
129
331
-
Employer
674
674
1 251
-
health
7
12
23
-
social contributions
33
56
75
-
total
40
68
98
-
Corporate
915
608
-
-
income
114
76
-
-
total
114
76
-
-
Dividends
801
532
-
-
withholding
136
90
-
-
total
136
90
-
-
Income
1 350
1 350
1 350
1 350
Total tax
401
363
429
417
After tax
949
987
921
933
Living cost
284
284
284
284
Free-cash
665
703
637
649

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
£599
£622
£774
£603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
165
unemployment
-
-
-
20
health
-
-
-
95
pensions
-
-
-
135
total
-
-
-
415
Employee

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

The minimum wage is 138,000 HUF per month.

232
92
1 130
-
unemployment
3
1
17
-
pensions
23
9
113
-
income
28
11
138
-
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.

232
92
1 130
-
pensions
45
18
220
-
total
45
18
220
-
Corporate
1 072
1 240
-
-
income
97
112
-
-
total
97
112
-
-
Dividends
976
1 128
-
-
social contributions
189
219
-
-
withholding
185
214
-
-
total
374
433
-
-
Income
1 350
1 350
1 350
1 350
Total tax
586
590
567
415
After tax
764
760
783
935
Living cost
161
161
161
161
Free-cash
603
599
622
774

Estimated living cost  is £161 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£868
£566
£511
£814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
health
-
-
-
176
pensions
-
-
-
270
total
-
-
-
627
Employee
249
-
1 009
-
unemployment
4
-
16
-
pensions
5
-
20
-
income
28
-
195
-
total
37
-
231
-
Employer
249
-
1 009
-
health
32
-
131
-
pensions
50
-
202
-
unemployment
2
-
8
-
total
84
-
341
-
Corporate
1 017
1 350
-
-
income
203
270
-
-
total
203
270
-
-
Dividends
814
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
324
270
572
627
After tax
1 026
1 080
778
723
Living cost
212
212
212
212
Free-cash
814
868
566
511

Estimated living cost  is £212 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
-£86
£531
£730
£79
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
425
Employee
307
-
1 203
-
pensions
35
-
68
-
income
42
-
271
-
health
35
-
138
-
total
112
-
477
-
Employer
307
-
1 203
-
pensions
50
-
98
-
accident
5
-
20
-
unemployment
8
-
29
-
total
63
-
147
-
Corporate
980
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.

882
1 215
-
-
total
882
1 215
-
-
Dividends
98
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 076
1 241
624
425
After tax
274
109
726
925
Living cost
195
195
195
195
Free-cash
79
-86
531
730

Estimated living cost  is £195 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1211
£1008
£1265
£1197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
microenterprise

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

-
-
-
13
total
-
-
-
13
Employee
90
-
1 350
-
income
18
-
270
-
total
18
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

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

Estimated living cost  is £72 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£757
£536
£484
£699
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
-
-
-
190
other
-
-
-
63
health
-
-
-
59
pensions

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

-
-
-
320
total
-
-
-
632
Employee
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.

22
-
75
-
income
55
-
207
-
health
4
-
15
-
total
84
-
308
-
Employer
318
-
1 078
-
health
4
-
15
-
pensions

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

54
-
183
-
accident
3
-
9
-
unemployment
3
-
11
-
other
16
-
54
-
total
80
-
272
-
Corporate
952
1 350
-
-
income
200
284
-
-
total
200
284
-
-
Dividends
752
1 066
-
-
withholding
53
75
-
-
total
53
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
417
359
580
632
After tax
933
991
770
718
Living cost
234
234
234
234
Free-cash
699
757
536
484

Estimated living cost  is £234 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
£325
£306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1039
£1002
£952
£997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
283
Employee
152
-
1 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
129
-
health
7
-
14
-
total
37
-
173
-
Employer
152
-
1 290
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
1 168
1 350
-
-
income
117
135
-
-
total
117
135
-
-
Dividends
1 051
1 215
-
-
withholding
53
61
-
-
total
53
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
238
196
233
283
After tax
1 112
1 154
1 117
1 067
Living cost
115
115
115
115
Free-cash
997
1 039
1 002
952

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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£180
£336
£273
£203
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
-
-
-
380
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
591
Employee
813
748
1 187
-
pensions
103
103
103
-
income

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

122
122
154
-
health
101
98
108
-
total
326
323
365
-
Employer
813
748
1 187
-
health
56
52
65
-
pensions
57
52
65
-
unemployment
29
27
33
-
total
142
131
163
-
Corporate
395
471
-
-
income
79
94
-
-
total
79
94
-
-
Dividends
316
376
-
-
income
67
80
-
-
withholding
47
56
-
-
total
114
136
-
-
Income
1 350
1 350
1 350
1 350
Total tax
661
684
528
591
After tax
689
666
822
759
Living cost
486
486
486
486
Free-cash
203
180
336
273

Estimated living cost  is £486 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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£711
£467
£509
£634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
128
social contributions
-
-
-
313
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
623
Employee
320
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
21
-
65
-
income
38
-
121
-
health
43
-
136
-
total
102
-
322
-
Employer
320
-
1 007
-
health
29
-
91
-
social contributions
80
-
252
-
total
109
-
343
-
Corporate
921
1 350
-
-
income
175
257
-
-
total
175
257
-
-
Dividends
746
1 093
-
-
withholding
112
164
-
-
total
112
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
498
421
665
623
After tax
852
929
685
727
Living cost
218
218
218
218
Free-cash
634
711
467
509

Estimated living cost  is £218 per week

£151
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£350
£225
£286
£305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
16
municipal
-
-
-
8
national
-
-
-
323
total
-
-
-
694
Employee
779
-
1 350
-
municipal
4
-
7
-
national
135
-
279
-
regional
7
-
14
-
social contributions
263
-
455
-
total
409
-
755
-
Employer
779
-
1 350
-
total
-
-
-
-
Corporate
571
1 350
-
-
municipal
22
53
-
-
nationa
137
324
-
-
total
159
377
-
-
Dividends
412
973
-
-
withholding
107
253
-
-
total
107
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
675
630
755
694
After tax
675
720
595
656
Living cost
370
370
370
370
Free-cash
305
350
225
286

Estimated living cost  is £370 per week

£258
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
£448
£629
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
-
-
-
341
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
709
Employee
290
-
1 115
-
other
-
-
-
-
unemployment
20
-
78
-
pensions
19
-
74
-
surtax
1
-
42
-
income
49
-
298
-
health
7
-
28
-
total
96
-
520
-
Employer
290
-
1 115
-
health
13
-
51
-
pensions
39
-
149
-
unemployment
9
-
35
-
other
-
-
-
-
total
61
-
235
-
Corporate
999
1 350
-
-
income
260
351
-
-
total
260
351
-
-
Dividends
739
999
-
-
withholding
111
150
-
-
total
111
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
528
501
755
709
After tax
822
849
595
641
Living cost
193
193
193
193
Free-cash
629
656
402
448

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
£510
£543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£76
£346
£411
£220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other

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

-
-
-
27
regional
-
-
-
61
health
-
-
-
3
city
-
-
-
14
national
-
-
-
17
pensions
-
-
-
124
total
-
-
-
246
Employee
811
-
1 208
-
unemployment
-
-
-
-
pensions
68
-
101
-
national
4
-
14
-
regional
27
-
52
-
city
9
-
13
-
health
2
-
3
-
total
110
-
183
-
Employer
811
-
1 208
-
health
2
-
3
-
pensions
68
-
101
-
unemployment
-
-
-
-
other

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

16
-
24
-
total
86
-
128
-
Corporate
444
1 350
-
-
regional
94
286
-
-
national
38
115
-
-
total
132
401
-
-
Dividends
313
950
-
-
withholding
109
332
-
-
total
109
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
437
733
311
246
After tax
913
617
1 039
1 104
Living cost
693
693
693
693
Free-cash
220
-76
346
411

Estimated living cost  is £693 per week

£450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
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.
£172
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
£309
£410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
396
surtax

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

-
-
-
22
health

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

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

-
-
-
60
trade
-
-
-
162
total
-
-
-
640
Employee

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

527
-
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
823
1 350
-
-
income
123
202
-
-
surtax

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

7
11
-
-
chamber of commerce
2
3
-
-
trade
141
232
-
-
total
273
448
-
-
Dividends
549
902
-
-
surtax

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

7
12
-
-
withholding
134
222
-
-
total
141
234
-
-
Income
1 350
1 350
1 350
1 350
Total tax
539
682
478
640
After tax
811
668
872
710
Living cost
401
401
401
401
Free-cash
410
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
£464
£433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
196
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
259
total
-
-
-
586
Employee
375
-
1 057
-
pensions
42
-
68
-
surtax
-
-
-
-
social contributions
11
-
30
-
income
22
-
195
-
total
75
-
293
-
Employer
375
-
1 057
-
health
26
-
92
-
pensions
62
-
116
-
unemployment
15
-
43
-
social contributions
1
-
3
-
other
13
-
39
-
total
117
-
293
-
Corporate
858
1 350
-
-
income
240
378
-
-
surtax
-
-
-
-
total
240
378
-
-
Dividends
618
972
-
-
surtax
-
-
-
-
social contributions
106
167
-
-
withholding
79
124
-
-
total
185
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
617
669
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
£494
£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
-
-
-
1 350
income
-
-
-
196
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
259
total
-
-
-
586
Employee
335
-
1 057
-
pensions
38
-
68
-
surtax
-
-
-
-
social contributions
10
-
30
-
income
17
-
195
-
total
65
-
293
-
Employer
335
-
1 057
-
health
23
-
92
-
pensions
55
-
116
-
unemployment
14
-
43
-
social contributions
1
-
3
-
other
12
-
39
-
total
105
-
293
-
Corporate
911
1 350
-
-
income
255
378
-
-
surtax
-
-
-
-
total
255
378
-
-
Dividends
656
972
-
-
surtax
-
-
-
-
social contributions
113
167
-
-
withholding
84
124
-
-
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

£157
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
£637
£659
£682
£641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
social contributions
-
-
-
186
health
-
-
-
94
total
-
-
-
482
Employee
297
-
1 350
-
social contributions
41
-
186
-
income
50
-
225
-
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
68
-
-
total
53
68
-
-
Dividends
1 000
1 282
-
-
social contributions
138
177
-
-
withholding
150
192
-
-
health
70
90
-
-
total
358
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
523
527
505
482
After tax
827
823
845
868
Living cost
186
186
186
186
Free-cash
641
637
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
£440
£42
£384
£425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
329
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
5
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
657
Employee
438
349
1 052
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
259
-
health
17
14
40
-
total
129
89
445
-
Employer
438
349
1 052
-
chamber of commerce
2
1
4
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
32
-
other
21
17
50
-
total
129
102
299
-
Corporate
784
899
1 018
-
income

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

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

196
225
255
-
total
196
225
255
-
Dividends
588
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
309
309
309
309
Free-cash
425
440
42
384

Estimated living cost  is £309 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
£436
£166
£268
£304
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.

627
-
1 046
-
unemployment

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

5
-
9
-
communal

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

33
-
55
-
pensions

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

47
-
78
-
national
193
-
368
-
health

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

29
-
49
-
total
307
-
559
-
Employer

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

627
-
1 046
-
health

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

39
-
64
-
pensions

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

56
-
93
-
accident

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

8
-
14
-
unemployment

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

9
-
15
-
surtax
71
-
119
-
total
183
-
305
-
Corporate
541
1 350
-
-
income
108
270
-
-
surtax
2
5
-
-
total
110
275
-
-
Dividends
430
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
726
594
864
762
After tax
624
756
486
588
Living cost
320
320
320
320
Free-cash
304
436
166
268

Estimated living cost  is £320 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
£586
£405
£442
£523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
7
income
-
-
-
347
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
591
Employee
436
-
1 091
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
316
-
total
120
-
368
-
Employer
436
-
1 091
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
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
658
1 148
-
-
withholding
136
245
-
-
total
136
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
511
447
628
591
After tax
839
903
722
759
Living cost
316
316
316
316
Free-cash
523
586
405
442

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
£214
£223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
communal
-
-
-
85
accident
-
-
-
11
income
-
-
-
200
surtax
-
-
-
67
health
-
-
-
95
pensions
-
-
-
202
total
-
-
-
660
Employee
664
-
1 206
-
pensions
53
-
96
-
surtax
41
-
74
-
income
64
-
239
-
health
30
-
54
-
total
188
-
463
-
Employer
664
-
1 206
-
health
20
-
37
-
pensions
53
-
96
-
accident
6
-
11
-
total
79
-
144
-
Corporate
607
1 350
-
-
communal
41
91
-
-
income
91
202
-
-
surtax
6
14
-
-
total
138
307
-
-
Dividends
469
1 042
-
-
income
176
85
-
-
withholding
70
156
-
-
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
£444
£625
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
-
-
-
341
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
709
Employee
295
-
1 115
-
other
-
-
-
-
unemployment
21
-
78
-
pensions
20
-
74
-
surtax
1
-
42
-
income
49
-
298
-
health
8
-
28
-
total
99
-
520
-
Employer
295
-
1 115
-
health
13
-
51
-
pensions
39
-
149
-
unemployment
9
-
35
-
other
-
-
-
-
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
709
After tax
822
849
595
641
Living cost
197
197
197
197
Free-cash
625
652
398
444

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
£416
£453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
20
municipal
-
-
-
8
national
-
-
-
323
total
-
-
-
698
Employee
486
-
1 350
-
municipal
3
-
7
-
national
77
-
279
-
regional
7
-
18
-
social contributions
164
-
455
-
total
251
-
759
-
Employer
486
-
1 350
-
total
-
-
-
-
Corporate
864
1 350
-
-
municipal
43
67
-
-
nationa
207
324
-
-
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
£661
£417
£459
£565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
128
social contributions
-
-
-
313
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
623
Employee
395
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
26
-
65
-
income
47
-
121
-
health
53
-
136
-
total
126
-
322
-
Employer
395
-
1 007
-
health
36
-
91
-
social contributions
99
-
252
-
total
135
-
343
-
Corporate
821
1 350
-
-
income
156
257
-
-
total
156
257
-
-
Dividends
665
1 093
-
-
withholding
100
164
-
-
total
100
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
421
665
623
After tax
833
929
685
727
Living cost
268
268
268
268
Free-cash
565
661
417
459

Estimated living cost  is £268 per week

£200
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
£470
£72
£415
£467
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
-
-
-
329
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
5
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
655
Employee
383
349
1 053
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
260
-
health
15
14
40
-
total
103
89
446
-
Employer
383
349
1 053
-
chamber of commerce
2
1
4
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
32
-
other
18
17
50
-
total
109
100
297
-
Corporate
857
900
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
642
675
-
-
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
280
280
280
280
Free-cash
467
470
72
415

Estimated living cost  is £280 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
£1171
£968
£1225
£1149
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
140
-
1 350
-
income
28
-
270
-
total
28
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 210
1 350
-
-
total
-
-
-
-
Dividends
1 210
1 350
-
-
withholding
61
67
-
-
total
61
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
89
67
270
13
After tax
1 261
1 283
1 080
1 337
Living cost
112
112
112
112
Free-cash
1 149
1 171
968
1 225

Estimated living cost  is £112 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£695
£398
£434
£621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 350
income
-
-
-
299
unemployment
-
-
-
2
health
-
-
-
133
pensions
-
-
-
247
total
-
-
-
681
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

388
-
1 168
-
unemployment
1
-
2
-
pensions
60
-
181
-
income
67
-
277
-
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.

388
-
1 168
-
health
26
-
78
-
pensions
34
-
103
-
unemployment
-
-
1
-
total
60
-
182
-
Corporate
902
1 350
-
-
income
171
256
-
-
total
171
256
-
-
Dividends
731
1 094
-
-
withholding
110
164
-
-
total
110
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
494
420
717
681
After tax
856
930
633
669
Living cost
235
235
235
235
Free-cash
621
695
398
434

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
£436
£848
£548
£11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
263
social contributions
-
-
-
154
total
-
-
-
417
Employee
552
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
552
-
-
-
social contributions
778
-
111
-
total
778
-
111
-
Corporate
21
1 350
-
-
income
5
297
-
-
total
5
297
-
-
Dividends
16
1 053
-
-
income
4
232
-
-
total
4
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
954
529
117
417
After tax
396
821
1 233
933
Living cost
385
385
385
385
Free-cash
11
436
848
548

Estimated living cost  is £385 per week

£250
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.
£94
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
£492
£358
£455
£484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income
-
-
-
151
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
620
Employee
403
-
1 091
-
surtax
-
-
-
-
social contributions
44
-
120
-
income
84
-
338
-
total
128
-
458
-
Employer
403
-
1 091
-
social contributions
96
-
259
-
total
96
-
259
-
Corporate
851
1 350
-
-
income
179
284
-
-
surtax
-
-
-
-
total
179
284
-
-
Dividends
672
1 066
-
-
withholding
188
299
-
-
total
188
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
591
583
717
620
After tax
759
767
633
730
Living cost
275
275
275
275
Free-cash
484
492
358
455

Estimated living cost  is £275 per week

£206
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
£341
£318
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
-
-
-
196
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
51
pensions
-
-
-
259
total
-
-
-
586
Employee
549
-
1 057
-
pensions
62
-
68
-
surtax
-
-
-
-
social contributions
16
-
30
-
income
48
-
195
-
total
126
-
293
-
Employer
549
-
1 057
-
health
38
-
92
-
pensions
90
-
116
-
unemployment
22
-
43
-
social contributions
2
-
3
-
other
19
-
39
-
total
171
-
293
-
Corporate
630
1 350
-
-
income
176
378
-
-
surtax
-
-
-
-
total
176
378
-
-
Dividends
453
972
-
-
surtax
-
-
-
-
social contributions
78
167
-
-
withholding
58
124
-
-
total
136
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
609
669
586
586
After tax
741
681
764
764
Living cost
423
423
423
423
Free-cash
318
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
£738
£923
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
282
-
1 169
-
income
-
-
56
-
social contributions
18
-
76
-
total
18
-
132
-
Employer
282
-
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
-£559
-£559
£386
-£559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
labour market
-
-
-
107
municipal
-
-
-
275
national
-
-
-
152
pensions
-
-
-
8
total
-
-
-
542
Employee
1 781
1 781
1 781
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
218
218
218
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 487
1 487
1 487
542
After tax
-137
-137
-137
808
Living cost
422
422
422
422
Free-cash
-559
-559
-559
386

Estimated living cost  is £422 per week

£289
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
-£84
£533
£732
£79
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
425
Employee
303
-
1 203
-
pensions
34
-
68
-
income
42
-
271
-
health
35
-
138
-
total
111
-
477
-
Employer
303
-
1 203
-
pensions
49
-
98
-
accident
5
-
20
-
unemployment
7
-
29
-
total
61
-
147
-
Corporate
985
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.

887
1 215
-
-
total
887
1 215
-
-
Dividends
99
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 078
1 241
624
425
After tax
272
109
726
925
Living cost
193
193
193
193
Free-cash
79
-84
533
732

Estimated living cost  is £193 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£522
£384
£563
£539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 350
health
-
-
-
17
municipal
-
-
-
240
national
-
-
-
194
total
-
-
-
451
Employee
461
-
1 136
-
municipal
76
-
185
-
unemployment
7
-
17
-
pensions
31
-
77
-
national
8
-
123
-
health
3
-
14
-
total
125
-
416
-
Employer
461
-
1 136
-
health
4
-
9
-
pensions
80
-
197
-
accident
-
-
1
-
unemployment
3
-
7
-
total
87
-
214
-
Corporate
802
1 350
-
-
income
160
270
-
-
total
160
270
-
-
Dividends

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

481
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
£784
£718
£730
£736
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
-
-
-
241
social contributions
-
-
-
142
health
-
-
-
34
total
-
-
-
417
Employee
674
674
1 251
-
social contributions
25
56
75
-
income
73
62
235
-
health
5
11
21
-
total
103
129
331
-
Employer
674
674
1 251
-
health
6
12
23
-
social contributions
25
56
75
-
total
31
68
98
-
Corporate
1 012
608
-
-
income
126
76
-
-
total
126
76
-
-
Dividends
885
532
-
-
withholding
151
90
-
-
total
151
90
-
-
Income
1 350
1 350
1 350
1 350
Total tax
411
363
429
417
After tax
939
987
921
933
Living cost
203
203
203
203
Free-cash
736
784
718
730

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£978
£811
£987
£934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 350
income
-
-
-
136
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
224
Employee

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

201
-
1 264
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
114
-
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
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 128
1 350
-
-
income
102
122
-
-
total
102
122
-
-
Dividends
1 027
1 228
-
-
withholding
92
111
-
-
total
92
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
277
233
400
224
After tax
1 073
1 117
950
1 126
Living cost
139
139
139
139
Free-cash
934
978
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
£481
£518
£623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
7
income
-
-
-
347
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
591
Employee
324
-
1 091
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
316
-
total
82
-
368
-
Employer
324
-
1 091
-
pensions
76
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
103
-
260
-
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
784
1 148
-
-
withholding
163
245
-
-
total
163
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
486
447
628
591
After tax
864
903
722
759
Living cost
241
241
241
241
Free-cash
623
662
481
518

Estimated living cost  is £241 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£825
£849
£850
£823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
461
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
483
Employee
26
-
1 336
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
460
-
health
1
-
3
-
total
8
-
470
-
Employer
26
-
1 336
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
1 318
1 350
-
-
income
290
297
-
-
total
290
297
-
-
Dividends
1 028
1 053
-
-
withholding
206
211
-
-
total
206
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
508
484
483
After tax
840
842
866
867
Living cost
17
17
17
17
Free-cash
823
825
849
850

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£824
£652
£652
£780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 350
income
-
-
-
301
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
total
-
-
-
546
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.

229
-
1 234
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
31
-
301
-
health
12
-
33
-
total
77
-
430
-
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.

229
-
1 234
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 081
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
546
546
After tax
932
976
804
804
Living cost
152
152
152
152
Free-cash
780
824
652
652

Estimated living cost  is £152 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
£531
£397
£494
£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

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

-
-
-
1 350
income
-
-
-
151
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
620
Employee
340
-
1 091
-
surtax
-
-
-
-
social contributions
37
-
120
-
income
66
-
338
-
total
103
-
458
-
Employer
340
-
1 091
-
social contributions
81
-
259
-
total
81
-
259
-
Corporate
929
1 350
-
-
income
195
284
-
-
surtax
-
-
-
-
total
195
284
-
-
Dividends
734
1 066
-
-
withholding
206
299
-
-
total
206
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
585
583
717
620
After tax
765
767
633
730
Living cost
236
236
236
236
Free-cash
529
531
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
£414
£451
£535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
7
income
-
-
-
347
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
591
Employee
423
-
1 091
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
316
-
total
115
-
368
-
Employer
423
-
1 091
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
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
673
1 148
-
-
withholding
139
245
-
-
total
139
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
507
447
628
591
After tax
843
903
722
759
Living cost
308
308
308
308
Free-cash
535
595
414
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.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1003
£966
£916
£950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
283
Employee
200
-
1 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
129
-
health
9
-
14
-
total
49
-
173
-
Employer
200
-
1 290
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 111
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
1 000
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
233
283
After tax
1 101
1 154
1 117
1 067
Living cost
151
151
151
151
Free-cash
950
1 003
966
916

Estimated living cost  is £151 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£358
£534
£399
£470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
396
surtax

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

-
-
-
22
health

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

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

-
-
-
60
trade
-
-
-
135
total
-
-
-
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
-
-
income
137
202
-
-
surtax

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

8
11
-
-
chamber of commerce
3
3
-
-
trade
131
194
-
-
total
279
410
-
-
Dividends
635
939
-
-
surtax

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

9
13
-
-
withholding
156
231
-
-
total
165
244
-
-
Income
1 350
1 350
1 350
1 350
Total tax
542
654
478
613
After tax
808
696
872
737
Living cost
338
338
338
338
Free-cash
470
358
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
£235
£466
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
-
income
129
-
395
-
social contributions
57
-
221
-
total
186
-
616
-
Employer
685
-
1 350
-
total
-
-
-
-
Corporate
665
1 350
-
-
income
83
169
-
-
total
83
169
-
-
Dividends
581
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

£380
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
£730
£544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 350
income
-
-
-
249
health

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

-
-
-
53
total
-
-
-
302
Employee
402
-
1 310
-
income
44
-
298
-
social contributions
40
-
40
-
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
302
After tax
862
832
972
1 048
Living cost
318
318
318
318
Free-cash
544
514
654
730

Estimated living cost  is £318 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£580
£462
£585
£632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£103
£514
£713
£77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
income
-
-
-
364
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
425
Employee
333
-
1 203
-
pensions
37
-
68
-
income
46
-
271
-
health
38
-
138
-
total
121
-
477
-
Employer
333
-
1 203
-
pensions
54
-
98
-
accident
6
-
20
-
unemployment
8
-
29
-
total
68
-
147
-
Corporate
949
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.

854
1 215
-
-
total
854
1 215
-
-
Dividends
95
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 061
1 241
624
425
After tax
289
109
726
925
Living cost
212
212
212
212
Free-cash
77
-103
514
713

Estimated living cost  is £212 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1018
£819
£641
£977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income
-
-
-
220
unemployment
-
-
-
16
work injury
-
-
-
7
health insurance
-
-
-
100
pensions
-
-
-
248
total
-
-
-
591
Employee

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

189
-
1 350
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
220
-
total
71
-
413
-
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
413
591
After tax
1 095
1 136
937
759
Living cost
118
118
118
118
Free-cash
977
1 018
819
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
£291
£323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
31
municipal
-
-
-
9
national
-
-
-
323
total
-
-
-
710
Employee
738
-
1 350
-
municipal
4
-
8
-
national
125
-
279
-
regional
11
-
27
-
social contributions
249
-
455
-
total
389
-
769
-
Employer
738
-
1 350
-
total
-
-
-
-
Corporate
612
1 350
-
-
municipal
29
65
-
-
nationa
147
324
-
-
total
176
389
-
-
Dividends
435
961
-
-
withholding
113
250
-
-
total
113
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
678
639
769
710
After tax
672
711
581
640
Living cost
349
349
349
349
Free-cash
323
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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