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
£608
£418
£459
£515
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
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
trade
-
-
-
149
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.

-
-
-
398
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.

-
-
-
59
total
-
-
-
628
Employee

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

332
-
1 350
-
health

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

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

59
-
59
-
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
-
398
-
total
69
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 018
1 350
-
-
chamber of commerce
3
3
-
-
trade
160
213
-
-
surtax

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

8
11
-
-
income
153
203
-
-
total
324
430
-
-
Dividends
694
920
-
-
withholding
170
227
-
-
surtax

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

9
12
-
-
total
179
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
572
669
479
628
After tax
778
681
871
722
Living cost
263
263
263
263
Free-cash
515
418
608
459

Estimated living cost  is £263 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£350
£380
£339
£372
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
municipal
-
-
-
146
social contributions
-
-
-
15
national
-
-
-
226
pensions
-
-
-
162
total
-
-
-
549
Employee
717
-
1 167
-
pensions
29
-
47
-
national
137
-
234
-
municipal
89
-
151
-
total
255
-
432
-
Employer
717
-
1 167
-
pensions
57
-
93
-
social contributions
8
-
13
-
total
65
-
106
-
Corporate
521
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
417
1 080
-
-
withholding
92
238
-
-
total
92
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
516
508
538
549
After tax
834
842
812
801
Living cost
462
462
462
462
Free-cash
372
380
350
339

Estimated living cost  is £462 per week

£314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£636
£900
£270
£829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 350
microenterprise
-
-
-
-
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.

-
-
-
332
income
-
-
-
224
total
-
-
-
900
Employee
253
-
978
-
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
-
108
-
surtax
-
-
-
-
income
45
-
190
-
total
73
-
298
-
Employer
253
-
978
-
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.

61
-
236
-
total
61
-
236
-
Corporate
1 036
1 350
-
-
income

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

207
270
-
-
total
207
270
-
-
Dividends

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

828
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
341
270
534
900
After tax
1 009
1 080
816
450
Living cost
180
180
180
180
Free-cash
829
900
636
270

Estimated living cost  is £180 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£461
£301
£394
£249
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
-
-
-
384
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
593
Employee
741
741
1 189
-
health
114
97
107
-
pensions
133
102
102
-
income

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

121
121
156
-
total
368
320
365
-
Employer
741
741
1 189
-
unemployment
27
27
33
-
health
51
51
64
-
pensions
52
52
64
-
total
130
130
161
-
Corporate
489
480
-
-
income
98
96
-
-
total
98
96
-
-
Dividends
391
384
-
-
withholding
59
58
-
-
income
83
82
-
-
total
142
140
-
-
Income
1 350
1 350
1 350
1 350
Total tax
738
686
526
593
After tax
612
664
824
757
Living cost
363
363
363
363
Free-cash
249
301
461
394

Estimated living cost  is £363 per week

£257
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.
£67
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
£347
£387
£355
£379
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
municipal
-
-
-
336
other
-
-
-
89
unemployment
-
-
-
1
national
-
-
-
86
pensions
-
-
-
83
accident
-
-
-
2
health
-
-
-
48
total
-
-
-
645
Employee
499
-
1 109
-
national
-
-
81
-
municipal
149
-
331
-
total
149
-
412
-
Employer
499
-
1 109
-
unemployment
13
-
20
-
accident
1
-
2
-
health
31
-
47
-
pensions
54
-
83
-
other
58
-
89
-
total
157
-
241
-
Corporate
694
1 350
-
-
income
153
297
-
-
total
153
297
-
-
Dividends
541
1 053
-
-
withholding
162
316
-
-
total
162
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
621
613
653
645
After tax
729
737
697
705
Living cost
350
350
350
350
Free-cash
379
387
347
355

Estimated living cost  is £350 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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

Source of data for Stockholm model

Close
Hamburg , Germany
£530
£334
£374
£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
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
trade
-
-
-
156
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.

-
-
-
398
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.

-
-
-
59
total
-
-
-
635
Employee

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

440
-
1 350
-
health

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

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

59
-
59
-
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
-
398
-
total
99
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
910
1 350
-
-
chamber of commerce
3
3
-
-
trade
150
222
-
-
surtax

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

8
11
-
-
income
137
203
-
-
total
298
439
-
-
Dividends
614
911
-
-
withholding
150
224
-
-
surtax

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

8
12
-
-
total
158
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
555
675
479
635
After tax
795
675
871
715
Living cost
341
341
341
341
Free-cash
454
334
530
374

Estimated living cost  is £341 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£638
£705
£651
£669
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
-
-
-
140
income
-
-
-
244
health
-
-
-
34
total
-
-
-
418
Employee
667
667
1 252
-
health
7
11
21
-
social contributions
32
55
75
-
income
70
62
237
-
total
109
128
333
-
Employer
667
667
1 252
-
health
7
12
23
-
social contributions
32
55
75
-
total
39
67
98
-
Corporate
920
615
-
-
income
115
77
-
-
total
115
77
-
-
Dividends
805
538
-
-
withholding
137
92
-
-
total
137
92
-
-
Income
1 350
1 350
1 350
1 350
Total tax
400
364
431
418
After tax
950
986
919
932
Living cost
281
281
281
281
Free-cash
669
705
638
651

Estimated living cost  is £281 per week

£192
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£628
£604
£780
£608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

224
89
1 130
-
health
16
6
79
-
pensions
22
9
113
-
unemployment
3
1
17
-
income
27
11
138
-
total
68
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.

224
89
1 130
-
pensions
44
17
220
-
total
44
17
220
-
Corporate
1 082
1 243
-
-
income
97
112
-
-
total
97
112
-
-
Dividends
985
1 131
-
-
withholding
187
215
-
-
social contributions
191
220
-
-
total
378
435
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
591
567
415
After tax
763
759
783
935
Living cost
155
155
155
155
Free-cash
608
604
628
780

Estimated living cost  is £155 per week

£106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£569
£871
£515
£817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
pensions
-
-
-
270
health
-
-
-
175
total
-
-
-
626
Employee
246
-
1 009
-
unemployment
4
-
16
-
pensions
5
-
20
-
income
28
-
195
-
total
37
-
231
-
Employer
246
-
1 009
-
unemployment
2
-
8
-
health
32
-
131
-
pensions
49
-
202
-
total
83
-
341
-
Corporate
1 021
1 350
-
-
income
204
270
-
-
total
204
270
-
-
Dividends
817
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
324
270
572
626
After tax
1 026
1 080
778
724
Living cost
209
209
209
209
Free-cash
817
871
569
515

Estimated living cost  is £209 per week

£144
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.
£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 Tallinn model

Close
Gdansk , Poland
£533
-£85
£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
other
-
-
-
3
income
-
-
-
365
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
426
Employee
305
-
1 203
-
health
35
-
138
-
pensions
34
-
67
-
income
42
-
272
-
total
111
-
477
-
Employer
305
-
1 203
-
unemployment
7
-
29
-
accident
5
-
20
-
pensions
50
-
97
-
total
62
-
146
-
Corporate
983
1 350
-
-
income

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

885
1 215
-
-
total
885
1 215
-
-
Dividends
98
135
-
-
withholding
19
26
-
-
total
19
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 077
1 241
623
426
After tax
273
109
727
924
Living cost
194
194
194
194
Free-cash
79
-85
533
730

Estimated living cost  is £194 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1010
£1212
£1266
£1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
88
-
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%.

1 262
1 350
-
-
total
-
-
-
-
Dividends
1 262
1 350
-
-
withholding
63
68
-
-
total
63
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
81
68
270
14
After tax
1 269
1 282
1 080
1 336
Living cost
70
70
70
70
Free-cash
1 199
1 212
1 010
1 266

Estimated living cost  is £70 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
£538
£761
£490
£702
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
-
-
-
63
income
-
-
-
191
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.

-
-
-
317
health
-
-
-
58
total
-
-
-
629
Employee
315
-
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.

22
-
75
-
unemployment
3
-
11
-
income
54
-
208
-
total
83
-
309
-
Employer
315
-
1 078
-
unemployment
3
-
11
-
accident
3
-
9
-
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
-
other
16
-
54
-
total
80
-
272
-
Corporate
956
1 350
-
-
income
201
283
-
-
total
201
283
-
-
Dividends
755
1 067
-
-
withholding
53
75
-
-
total
53
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
417
358
581
629
After tax
933
992
769
721
Living cost
231
231
231
231
Free-cash
702
761
538
490

Estimated living cost  is £231 per week

£163
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 Bratislava model

Close
London , United Kingdom
£202
£320
£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
-
health
14
-
18
-
pensions
80
-
93
-
income
149
-
284
-
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
£1004
£1040
£952
£999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
284
Employee
151
-
1 291
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
129
-
total
37
-
173
-
Employer
151
-
1 291
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
pensions

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

17
-
33
-
total
30
-
59
-
Corporate
1 170
1 350
-
-
income
117
135
-
-
total
117
135
-
-
Dividends
1 053
1 215
-
-
withholding
53
61
-
-
total
53
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
237
196
232
284
After tax
1 113
1 154
1 118
1 066
Living cost
114
114
114
114
Free-cash
999
1 040
1 004
952

Estimated living cost  is £114 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£343
£183
£276
£206
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
-
-
-
384
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
593
Employee
804
741
1 189
-
health
100
97
107
-
pensions
102
102
102
-
income

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

121
121
156
-
total
323
320
365
-
Employer
804
741
1 189
-
unemployment
29
27
33
-
health
56
51
64
-
pensions
56
52
64
-
total
141
130
161
-
Corporate
405
480
-
-
income
81
96
-
-
total
81
96
-
-
Dividends
324
384
-
-
withholding
49
58
-
-
income
69
82
-
-
total
118
140
-
-
Income
1 350
1 350
1 350
1 350
Total tax
663
686
526
593
After tax
687
664
824
757
Living cost
481
481
481
481
Free-cash
206
183
343
276

Estimated living cost  is £481 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£473
£717
£522
£643
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
solidarity contribution
-
-
-
-
social contributions
-
-
-
305
income
-
-
-
129
health
-
-
-
182
total
-
-
-
616
Employee
312
-
1 007
-
health
42
-
136
-
social contributions
20
-
65
-
solidarity contribution
-
-
-
-
income
37
-
121
-
total
99
-
322
-
Employer
312
-
1 007
-
health
28
-
91
-
social contributions
78
-
252
-
total
106
-
343
-
Corporate
932
1 350
-
-
income
177
257
-
-
total
177
257
-
-
Dividends
755
1 093
-
-
withholding
113
164
-
-
total
113
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
495
421
665
616
After tax
855
929
685
734
Living cost
212
212
212
212
Free-cash
643
717
473
522

Estimated living cost  is £212 per week

£147
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.
£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 Brno model

Close
Milan , Italy
£229
£354
£290
£308
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
municipal
-
-
-
8
social contributions
-
-
-
347
national
-
-
-
323
regional
-
-
-
16
total
-
-
-
694
Employee
771
-
1 350
-
social contributions
260
-
455
-
national
134
-
279
-
regional
7
-
14
-
municipal
4
-
7
-
total
405
-
755
-
Employer
771
-
1 350
-
total
-
-
-
-
Corporate
579
1 350
-
-
municipal
23
53
-
-
nationa
139
324
-
-
total
162
377
-
-
Dividends
418
973
-
-
withholding
109
253
-
-
total
109
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
676
630
755
694
After tax
674
720
595
656
Living cost
366
366
366
366
Free-cash
308
354
229
290

Estimated living cost  is £366 per week

£255
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.
£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 Milan model

Close
Thessaloniki , Greece
£402
£658
£449
£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
surtax
-
-
-
50
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
344
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
710
Employee
287
-
1 115
-
health
7
-
28
-
pensions
19
-
74
-
unemployment
20
-
78
-
surtax
1
-
43
-
other
-
-
-
-
income
48
-
299
-
total
95
-
522
-
Employer
287
-
1 115
-
unemployment
9
-
35
-
health
13
-
51
-
pensions
38
-
149
-
other
-
-
-
-
total
60
-
235
-
Corporate
1 003
1 350
-
-
income
261
351
-
-
total
261
351
-
-
Dividends
742
999
-
-
withholding
111
150
-
-
total
111
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
527
501
757
710
After tax
823
849
593
640
Living cost
191
191
191
191
Free-cash
632
658
402
449

Estimated living cost  is £191 per week

£117
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£387
£505
£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
-
health
8
-
18
-
pensions
47
-
93
-
income
100
-
284
-
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
£353
-£69
£418
£224
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
city
-
-
-
14
other

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

-
-
-
27
national
-
-
-
17
pensions
-
-
-
124
regional
-
-
-
61
health
-
-
-
3
total
-
-
-
246
Employee
803
-
1 208
-
health
2
-
3
-
pensions
67
-
101
-
unemployment
-
-
-
-
city
9
-
13
-
national
4
-
14
-
regional
26
-
52
-
total
108
-
183
-
Employer
803
-
1 208
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
67
-
101
-
other

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

16
-
24
-
total
85
-
128
-
Corporate
453
1 350
-
-
regional
96
286
-
-
national
39
115
-
-
total
135
401
-
-
Dividends
319
950
-
-
withholding
112
332
-
-
total
112
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
440
733
311
246
After tax
910
617
1 039
1 104
Living cost
686
686
686
686
Free-cash
224
-69
353
418

Estimated living cost  is £686 per week

£446
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.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£170
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
£474
£270
£312
£413
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
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
trade
-
-
-
162
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.

-
-
-
398
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.

-
-
-
59
total
-
-
-
641
Employee

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

521
-
1 350
-
health

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

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

59
-
59
-
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.

61
-
398
-
total
123
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
829
1 350
-
-
chamber of commerce
2
3
-
-
trade
142
232
-
-
surtax

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

7
11
-
-
income
124
203
-
-
total
275
449
-
-
Dividends
553
902
-
-
withholding
135
222
-
-
surtax

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

7
12
-
-
total
142
234
-
-
Income
1 350
1 350
1 350
1 350
Total tax
540
683
479
641
After tax
810
667
871
709
Living cost
397
397
397
397
Free-cash
413
270
474
312

Estimated living cost  is £397 per week

£290
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.
£70
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
£465
£384
£466
£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
surtax
-
-
-
-
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
197
pensions
-
-
-
258
health
-
-
-
52
total
-
-
-
587
Employee
371
-
1 056
-
social contributions
11
-
30
-
pensions
42
-
69
-
surtax
-
-
-
-
income
22
-
195
-
total
75
-
294
-
Employer
371
-
1 056
-
unemployment
15
-
43
-
health
26
-
92
-
pensions
61
-
117
-
other
13
-
39
-
social contributions
1
-
3
-
total
116
-
294
-
Corporate
863
1 350
-
-
surtax
-
-
-
-
income
242
378
-
-
total
242
378
-
-
Dividends
621
972
-
-
withholding
80
124
-
-
surtax
-
-
-
-
social contributions
107
167
-
-
total
187
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
620
669
588
587
After tax
730
681
762
763
Living cost
297
297
297
297
Free-cash
433
384
465
466

Estimated living cost  is £297 per week

£187
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£495
£414
£496
£465
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
surtax
-
-
-
-
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
197
pensions
-
-
-
258
health
-
-
-
52
total
-
-
-
587
Employee
331
-
1 056
-
social contributions
9
-
30
-
pensions
37
-
69
-
surtax
-
-
-
-
income
17
-
195
-
total
63
-
294
-
Employer
331
-
1 056
-
unemployment
13
-
43
-
health
23
-
92
-
pensions
54
-
117
-
other
11
-
39
-
social contributions
1
-
3
-
total
102
-
294
-
Corporate
915
1 350
-
-
surtax
-
-
-
-
income
256
378
-
-
total
256
378
-
-
Dividends
659
972
-
-
withholding
84
124
-
-
surtax
-
-
-
-
social contributions
113
167
-
-
total
197
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
618
669
588
587
After tax
732
681
762
763
Living cost
267
267
267
267
Free-cash
465
414
495
496

Estimated living cost  is £267 per week

£155
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£661
£640
£683
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
186
income
-
-
-
203
health
-
-
-
94
total
-
-
-
483
Employee
294
-
1 350
-
health
21
-
94
-
social contributions
41
-
186
-
income
49
-
225
-
total
111
-
505
-
Employer
294
-
1 350
-
total
-
-
-
-
Corporate
1 056
1 350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

53
67
-
-
total
53
67
-
-
Dividends
1 003
1 283
-
-
withholding
150
192
-
-
health
70
90
-
-
social contributions
138
177
-
-
total
358
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
522
526
505
483
After tax
828
824
845
867
Living cost
184
184
184
184
Free-cash
644
640
661
683

Estimated living cost  is £184 per week

£123
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.
£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 Vilnius model

Close
Vienna , Austria
£48
£447
£387
£429
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
surtax
-
-
-
2
chamber of commerce
-
-
-
5
unemployment
-
-
-
53
income
-
-
-
332
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
657
Employee
433
346
1 054
-
health
17
13
39
-
pensions
44
35
104
-
unemployment
13
10
30
-
other
4
3
10
-
income
49
25
262
-
total
127
86
445
-
Employer
433
346
1 054
-
unemployment
13
10
30
-
payroll
13
10
32
-
accident
6
4
13
-
health
16
13
38
-
pensions
54
43
127
-
other
21
16
50
-
surtax
2
2
2
-
chamber of commerce
2
1
4
-
total
127
99
296
-
Corporate
790
903
1 021
-
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.

198
226
255
-
total
198
226
255
-
Dividends
593
677
-
-
withholding
163
186
-
-
total
163
186
-
-
Income
1 350
1 350
1 350
1 350
Total tax
615
597
996
657
After tax
735
753
354
693
Living cost
306
306
306
306
Free-cash
429
447
48
387

Estimated living cost  is £306 per week

£204
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
£169
£440
£271
£310
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
-
-
-
210
communal

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

-
-
-
68
national
-
-
-
485
total
-
-
-
763
Employee

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

620
-
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.

29
-
49
-
pensions

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

47
-
78
-
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
-
national
191
-
369
-
communal

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

32
-
55
-
total
304
-
560
-
Employer

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

620
-
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.

9
-
15
-
accident

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

8
-
14
-
health

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

38
-
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.

55
-
93
-
surtax
70
-
119
-
total
180
-
305
-
Corporate
549
1 350
-
-
surtax
2
5
-
-
income
110
270
-
-
total
112
275
-
-
Dividends
437
1 075
-
-
withholding

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

128
319
-
-
total
128
319
-
-
Income
1 350
1 350
1 350
1 350
Total tax
724
594
865
763
After tax
626
756
485
587
Living cost
316
316
316
316
Free-cash
310
440
169
271

Estimated living cost  is £316 per week

£204
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£411
£589
£447
£527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
349
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
590
Employee
432
-
1 094
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
income
91
-
319
-
total
118
-
370
-
Employer
432
-
1 094
-
unemployment
24
-
44
-
accident
9
-
16
-
pensions
102
-
190
-
other
3
-
6
-
total
138
-
256
-
Corporate
781
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.

117
203
-
-
total
117
203
-
-
Dividends
664
1 147
-
-
withholding
137
245
-
-
total
137
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
448
626
590
After tax
840
902
724
760
Living cost
313
313
313
313
Free-cash
527
589
411
447

Estimated living cost  is £313 per week

£231
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
£270
£329
£217
£228
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
surtax
-
-
-
67
income
-
-
-
202
communal
-
-
-
85
pensions
-
-
-
202
accident
-
-
-
11
health
-
-
-
95
total
-
-
-
662
Employee
657
-
1 206
-
health
29
-
54
-
pensions
53
-
96
-
surtax
40
-
74
-
income
63
-
241
-
total
185
-
465
-
Employer
657
-
1 206
-
accident
6
-
11
-
health
20
-
37
-
pensions
53
-
96
-
total
79
-
144
-
Corporate
615
1 350
-
-
communal
41
91
-
-
surtax
6
14
-
-
income
92
203
-
-
total
139
308
-
-
Dividends
475
1 042
-
-
withholding
71
156
-
-
income
177
86
-
-
total
248
242
-
-
Income
1 350
1 350
1 350
1 350
Total tax
651
550
609
662
After tax
699
800
741
688
Living cost
471
471
471
471
Free-cash
228
329
270
217

Estimated living cost  is £471 per week

£354
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.
£84
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
£398
£654
£445
£628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
surtax
-
-
-
50
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
344
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
710
Employee
292
-
1 115
-
health
7
-
28
-
pensions
19
-
74
-
unemployment
20
-
78
-
surtax
1
-
43
-
other
-
-
-
-
income
49
-
299
-
total
96
-
522
-
Employer
292
-
1 115
-
unemployment
9
-
35
-
health
13
-
51
-
pensions
39
-
149
-
other
-
-
-
-
total
61
-
235
-
Corporate
996
1 350
-
-
income
259
351
-
-
total
259
351
-
-
Dividends
737
999
-
-
withholding
111
150
-
-
total
111
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
527
501
757
710
After tax
823
849
593
640
Living cost
195
195
195
195
Free-cash
628
654
398
445

Estimated living cost  is £195 per week

£118
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
£357
£476
£418
£457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
municipal
-
-
-
8
social contributions
-
-
-
347
national
-
-
-
323
regional
-
-
-
20
total
-
-
-
698
Employee
481
-
1 350
-
social contributions
162
-
455
-
national
76
-
279
-
regional
6
-
18
-
municipal
3
-
7
-
total
247
-
759
-
Employer
481
-
1 350
-
total
-
-
-
-
Corporate
869
1 350
-
-
municipal
43
67
-
-
nationa
209
324
-
-
total
252
391
-
-
Dividends
617
959
-
-
withholding
160
249
-
-
total
160
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
659
640
759
698
After tax
691
710
591
652
Living cost
234
234
234
234
Free-cash
457
476
357
418

Estimated living cost  is £234 per week

£145
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
£424
£668
£473
£574
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
solidarity contribution
-
-
-
-
social contributions
-
-
-
305
income
-
-
-
129
health
-
-
-
182
total
-
-
-
616
Employee
384
-
1 007
-
health
52
-
136
-
social contributions
25
-
65
-
solidarity contribution
-
-
-
-
income
46
-
121
-
total
123
-
322
-
Employer
384
-
1 007
-
health
35
-
91
-
social contributions
96
-
252
-
total
131
-
343
-
Corporate
835
1 350
-
-
income
159
257
-
-
total
159
257
-
-
Dividends
677
1 093
-
-
withholding
102
164
-
-
total
102
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
515
421
665
616
After tax
835
929
685
734
Living cost
261
261
261
261
Free-cash
574
668
424
473

Estimated living cost  is £261 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Prague model

Close
Graz , Austria
£78
£477
£418
£468
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
surtax
-
-
-
-
chamber of commerce
-
-
-
5
unemployment
-
-
-
53
income
-
-
-
332
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
655
Employee
379
346
1 055
-
health
15
13
39
-
pensions
39
35
104
-
unemployment
11
10
30
-
other
4
3
10
-
income
34
25
262
-
total
103
86
445
-
Employer
379
346
1 055
-
unemployment
11
10
30
-
payroll
11
10
32
-
accident
5
4
13
-
health
14
13
38
-
pensions
48
43
127
-
other
18
16
50
-
surtax
-
-
-
-
chamber of commerce
2
1
4
-
total
109
97
294
-
Corporate
862
905
1 022
-
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.

215
226
256
-
total
215
226
256
-
Dividends
646
679
-
-
withholding
178
187
-
-
total
178
187
-
-
Income
1 350
1 350
1 350
1 350
Total tax
605
596
995
655
After tax
745
754
355
695
Living cost
277
277
277
277
Free-cash
468
477
78
418

Estimated living cost  is £277 per week

£166
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.
£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
£971
£1173
£1227
£1153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
137
-
1 350
-
income
27
-
270
-
total
27
-
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%.

1 213
1 350
-
-
total
-
-
-
-
Dividends
1 213
1 350
-
-
withholding
61
68
-
-
total
61
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
88
68
270
14
After tax
1 262
1 282
1 080
1 336
Living cost
109
109
109
109
Free-cash
1 153
1 173
971
1 227

Estimated living cost  is £109 per week

£74
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.
£27
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
£400
£696
£435
£624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 350
unemployment
-
-
-
2
income
-
-
-
300
pensions
-
-
-
247
health
-
-
-
133
total
-
-
-
682
Employee

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

384
-
1 168
-
health
25
-
75
-
pensions
59
-
181
-
unemployment
1
-
2
-
income
66
-
277
-
total
151
-
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.

384
-
1 168
-
unemployment
-
-
1
-
health
26
-
78
-
pensions
34
-
103
-
total
60
-
182
-
Corporate
907
1 350
-
-
income
172
257
-
-
total
172
257
-
-
Dividends
734
1 093
-
-
withholding
110
164
-
-
total
110
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
421
717
682
After tax
857
929
633
668
Living cost
233
233
233
233
Free-cash
624
696
400
435

Estimated living cost  is £233 per week

£160
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
£865
£449
£561
£39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
154
income
-
-
-
263
total
-
-
-
417
Employee
533
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
533
-
-
-
social contributions
752
-
107
-
total
752
-
107
-
Corporate
64
1 350
-
-
income
14
297
-
-
total
14
297
-
-
Dividends
50
1 053
-
-
income
11
232
-
-
total
11
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
939
529
113
417
After tax
411
821
1 237
933
Living cost
372
372
372
372
Free-cash
39
449
865
561

Estimated living cost  is £372 per week

£241
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.
£91
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
£360
£496
£457
£487
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
surtax
-
-
-
-
social contributions

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

-
-
-
469
income
-
-
-
152
total
-
-
-
621
Employee
399
-
1 091
-
social contributions
44
-
120
-
surtax
-
-
-
-
income
83
-
339
-
total
127
-
459
-
Employer
399
-
1 091
-
social contributions
95
-
259
-
total
95
-
259
-
Corporate
856
1 350
-
-
surtax
-
-
-
-
income
180
283
-
-
total
180
283
-
-
Dividends
677
1 067
-
-
withholding
189
299
-
-
total
189
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
591
582
718
621
After tax
759
768
632
729
Living cost
272
272
272
272
Free-cash
487
496
360
457

Estimated living cost  is £272 per week

£204
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
£343
£262
£344
£322
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
surtax
-
-
-
-
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
197
pensions
-
-
-
258
health
-
-
-
52
total
-
-
-
587
Employee
543
-
1 056
-
social contributions
15
-
30
-
pensions
61
-
69
-
surtax
-
-
-
-
income
47
-
195
-
total
123
-
294
-
Employer
543
-
1 056
-
unemployment
22
-
43
-
health
38
-
92
-
pensions
89
-
117
-
other
19
-
39
-
social contributions
2
-
3
-
total
170
-
294
-
Corporate
637
1 350
-
-
surtax
-
-
-
-
income
178
378
-
-
total
178
378
-
-
Dividends
459
972
-
-
withholding
59
124
-
-
surtax
-
-
-
-
social contributions
79
167
-
-
total
138
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
609
669
588
587
After tax
741
681
762
763
Living cost
419
419
419
419
Free-cash
322
262
343
344

Estimated living cost  is £419 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
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
£775
£954
£739
£925
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
-
-
-
53
social contributions
-
-
-
297
total
-
-
-
350
Employee
279
-
1 169
-
social contributions
18
-
76
-
income
-
-
57
-
total
18
-
133
-
Employer
279
-
1 169
-
social contributions
43
-
181
-
total
43
-
181
-
Corporate
1 028
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
925
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
164
135
314
350
After tax
1 186
1 215
1 036
1 000
Living cost
261
261
261
261
Free-cash
925
954
775
739

Estimated living cost  is £261 per week

£169
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
-£540
-£540
£388
-£540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
municipal
-
-
-
276
labour market
-
-
-
107
national
-
-
-
153
pensions
-
-
-
8
total
-
-
-
544
Employee
1 763
1 763
1 763
-
pensions
3
3
3
-
national
215
215
215
-
labour market
141
141
141
-
municipal
375
375
375
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
pensions
5
5
5
-
national
216
216
216
-
labour market
141
141
141
-
municipal
376
376
376
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 472
1 472
1 472
544
After tax
-122
-122
-122
806
Living cost
418
418
418
418
Free-cash
-540
-540
-540
388

Estimated living cost  is £418 per week

£286
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.
£88
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
£536
-£82
£733
£80
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
3
income
-
-
-
365
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
426
Employee
300
-
1 203
-
health
34
-
138
-
pensions
34
-
67
-
income
41
-
272
-
total
109
-
477
-
Employer
300
-
1 203
-
unemployment
7
-
29
-
accident
5
-
20
-
pensions
49
-
97
-
total
61
-
146
-
Corporate
989
1 350
-
-
income

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

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

Estimated living cost  is £191 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£386
£524
£564
£541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
municipal
-
-
-
240
national
-
-
-
196
health
-
-
-
17
total
-
-
-
453
Employee
456
-
1 136
-
health
3
-
14
-
pensions
31
-
77
-
unemployment
7
-
17
-
national
8
-
124
-
municipal
75
-
185
-
total
124
-
417
-
Employer
456
-
1 136
-
unemployment
3
-
7
-
accident
-
-
1
-
health
4
-
9
-
pensions
79
-
197
-
total
86
-
214
-
Corporate
808
1 350
-
-
income
162
270
-
-
total
162
270
-
-
Dividends

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

485
810
-
-
national
17
77
-
-
municipal
87
146
-
-
total
104
223
-
-
Income
1 350
1 350
1 350
1 350
Total tax
476
493
631
453
After tax
874
857
719
897
Living cost
333
333
333
333
Free-cash
541
524
386
564

Estimated living cost  is £333 per week

£217
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.
£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

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
£718
£785
£731
£737
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
-
-
-
140
income
-
-
-
244
health
-
-
-
34
total
-
-
-
418
Employee
667
667
1 252
-
health
5
11
21
-
social contributions
25
55
75
-
income
73
62
237
-
total
103
128
333
-
Employer
667
667
1 252
-
health
6
12
23
-
social contributions
25
55
75
-
total
31
67
98
-
Corporate
1 015
615
-
-
income
127
77
-
-
total
127
77
-
-
Dividends
888
538
-
-
withholding
151
92
-
-
total
151
92
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
364
431
418
After tax
938
986
919
932
Living cost
201
201
201
201
Free-cash
737
785
718
731

Estimated living cost  is £201 per week

£120
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£817
£980
£990
£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
unemployment
-
-
-
-
income
-
-
-
136
pensions
-
-
-
55
health
-
-
-
31
total
-
-
-
222
Employee

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

199
-
1 265
-
health
17
-
70
-
pensions
30
-
123
-
unemployment
1
-
4
-
income
14
-
114
-
total
62
-
311
-
Employer

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

199
-
1 265
-
unemployment
1
-
4
-
health
9
-
35
-
pensions
11
-
45
-
total
21
-
84
-
Corporate
1 130
1 350
-
-
income
102
121
-
-
total
102
121
-
-
Dividends
1 029
1 229
-
-
withholding
93
111
-
-
total
93
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
278
232
395
222
After tax
1 072
1 118
955
1 128
Living cost
138
138
138
138
Free-cash
934
980
817
990

Estimated living cost  is £138 per week

£88
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
£485
£664
£522
£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
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
349
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
590
Employee
321
-
1 094
-
pensions
15
-
38
-
unemployment
5
-
12
-
other
-
-
1
-
income
62
-
319
-
total
82
-
370
-
Employer
321
-
1 094
-
unemployment
18
-
44
-
accident
6
-
16
-
pensions
76
-
190
-
other
3
-
6
-
total
103
-
256
-
Corporate
927
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.

139
203
-
-
total
139
203
-
-
Dividends
788
1 147
-
-
withholding
164
245
-
-
total
164
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
488
448
626
590
After tax
862
902
724
760
Living cost
238
238
238
238
Free-cash
623
664
485
522

Estimated living cost  is £238 per week

£161
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.
£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 Valencia model

Close
Istanbul , Turkey
£848
£824
£849
£822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
461
pensions
-
-
-
13
health
-
-
-
9
total
-
-
-
483
Employee
27
-
1 336
-
health
1
-
3
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
460
-
total
8
-
470
-
Employer
27
-
1 336
-
unemployment
1
-
1
-
health
3
-
6
-
pensions
3
-
7
-
total
7
-
14
-
Corporate
1 317
1 350
-
-
income
290
297
-
-
total
290
297
-
-
Dividends
1 027
1 053
-
-
withholding
205
211
-
-
total
205
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
508
484
483
After tax
840
842
866
867
Living cost
18
18
18
18
Free-cash
822
824
848
849

Estimated living cost  is £18 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
£656
£825
£656
£782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 350
unemployment
-
-
-
10
income
-
-
-
301
pensions
-
-
-
167
health
-
-
-
66
total
-
-
-
544
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.

226
-
1 235
-
health
12
-
33
-
pensions
32
-
90
-
unemployment
2
-
5
-
income
31
-
301
-
total
77
-
429
-
Employer

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

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

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

226
-
1 235
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
77
-
total
41
-
115
-
Corporate
1 083
1 350
-
-
income
162
203
-
-
total
162
203
-
-
Dividends
921
1 147
-
-
withholding
138
172
-
-
total
138
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
418
375
544
544
After tax
932
975
806
806
Living cost
150
150
150
150
Free-cash
782
825
656
656

Estimated living cost  is £150 per week

£101
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
£398
£534
£495
£531
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
surtax
-
-
-
-
social contributions

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

-
-
-
469
income
-
-
-
152
total
-
-
-
621
Employee
337
-
1 091
-
social contributions
37
-
120
-
surtax
-
-
-
-
income
66
-
339
-
total
103
-
459
-
Employer
337
-
1 091
-
social contributions
80
-
259
-
total
80
-
259
-
Corporate
933
1 350
-
-
surtax
-
-
-
-
income
196
283
-
-
total
196
283
-
-
Dividends
737
1 067
-
-
withholding
206
299
-
-
total
206
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
585
582
718
621
After tax
765
768
632
729
Living cost
234
234
234
234
Free-cash
531
534
398
495

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£419
£597
£455
£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
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
349
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
590
Employee
419
-
1 094
-
pensions
20
-
38
-
unemployment
6
-
12
-
other
-
-
1
-
income
87
-
319
-
total
113
-
370
-
Employer
419
-
1 094
-
unemployment
23
-
44
-
accident
8
-
16
-
pensions
99
-
190
-
other
3
-
6
-
total
133
-
256
-
Corporate
798
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.

120
203
-
-
total
120
203
-
-
Dividends
678
1 147
-
-
withholding
140
245
-
-
total
140
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
506
448
626
590
After tax
844
902
724
760
Living cost
305
305
305
305
Free-cash
539
597
419
455

Estimated living cost  is £305 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£969
£1005
£917
£953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
284
Employee
198
-
1 291
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
129
-
total
48
-
173
-
Employer
198
-
1 291
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
pensions

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

22
-
33
-
total
39
-
59
-
Corporate
1 114
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
1 002
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
248
196
232
284
After tax
1 102
1 154
1 118
1 066
Living cost
149
149
149
149
Free-cash
953
1 005
969
917

Estimated living cost  is £149 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£536
£359
£400
£472
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
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
trade
-
-
-
136
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.

-
-
-
398
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.

-
-
-
59
total
-
-
-
615
Employee

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

432
-
1 350
-
health

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

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

59
-
59
-
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
-
398
-
total
97
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
918
1 350
-
-
chamber of commerce
3
3
-
-
trade
132
194
-
-
surtax

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

8
11
-
-
income
138
203
-
-
total
281
411
-
-
Dividends
639
939
-
-
withholding
156
232
-
-
surtax

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

9
13
-
-
total
165
245
-
-
Income
1 350
1 350
1 350
1 350
Total tax
543
656
479
615
After tax
807
694
871
735
Living cost
335
335
335
335
Free-cash
472
359
536
400

Estimated living cost  is £335 per week

£231
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.
£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 Berlin model

Close
Dublin , Ireland
£238
£451
£238
£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
-
-
-
1 350
income
-
-
-
397
social contributions
-
-
-
221
total
-
-
-
618
Employee
678
-
1 350
-
social contributions
56
-
221
-
income
128
-
397
-
total
184
-
618
-
Employer
678
-
1 350
-
total
-
-
-
-
Corporate
672
1 350
-
-
income
84
169
-
-
total
84
169
-
-
Dividends
588
1 181
-
-
withholding
118
236
-
-
total
118
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
386
405
618
618
After tax
964
945
732
732
Living cost
494
494
494
494
Free-cash
470
451
238
238

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
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

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
£656
£516
£735
£547
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
-
-
-
247
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
-
-
-
300
Employee
398
-
1 310
-
social contributions
40
-
40
-
income
43
-
299
-
total
83
-
339
-
Employer
398
-
1 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
912
1 350
-
-
income
319
473
-
-
total
319
473
-
-
Dividends
593
877
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
488
519
379
300
After tax
862
831
971
1 050
Living cost
315
315
315
315
Free-cash
547
516
656
735

Estimated living cost  is £315 per week

£207
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£462
£580
£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
-
health
6
-
18
-
pensions
34
-
93
-
income
81
-
284
-
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
£517
-£101
£714
£76
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
3
income
-
-
-
365
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
426
Employee
330
-
1 203
-
health
38
-
138
-
pensions
37
-
67
-
income
45
-
272
-
total
120
-
477
-
Employer
330
-
1 203
-
unemployment
8
-
29
-
accident
6
-
20
-
pensions
54
-
97
-
total
68
-
146
-
Corporate
953
1 350
-
-
income

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

858
1 215
-
-
total
858
1 215
-
-
Dividends
95
135
-
-
withholding
18
26
-
-
total
18
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 064
1 241
623
426
After tax
286
109
727
924
Living cost
210
210
210
210
Free-cash
76
-101
517
714

Estimated living cost  is £210 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£823
£1019
£642
£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
unemployment
-
-
-
16
health insurance
-
-
-
100
income
-
-
-
220
pensions
-
-
-
248
work injury
-
-
-
7
total
-
-
-
591
Employee

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

188
-
1 350
-
pensions
35
-
128
-
unemployment
2
-
8
-
work injury
1
-
3
-
health insurance
14
-
51
-
income
19
-
220
-
total
71
-
410
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 162
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
1 151
1 336
-
-
withholding
173
200
-
-
total
173
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
256
214
410
591
After tax
1 094
1 136
940
759
Living cost
117
117
117
117
Free-cash
977
1 019
823
642

Estimated living cost  is £117 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.
£32
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
£235
£365
£294
£326
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
municipal
-
-
-
9
social contributions
-
-
-
347
national
-
-
-
323
regional
-
-
-
31
total
-
-
-
710
Employee
731
-
1 350
-
social contributions
246
-
455
-
national
123
-
279
-
regional
11
-
27
-
municipal
4
-
8
-
total
384
-
769
-
Employer
731
-
1 350
-
total
-
-
-
-
Corporate
619
1 350
-
-
municipal
30
65
-
-
nationa
149
324
-
-
total
179
389
-
-
Dividends
441
961
-
-
withholding
115
250
-
-
total
115
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
678
639
769
710
After tax
672
711
581
640
Living cost
346
346
346
346
Free-cash
326
365
235
294

Estimated living cost  is £346 per week

£243
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.
£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

Source of data for Rome model

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