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
£ 1400
per

Your estimated
City
free-cash

Dresden , Germany
£444
£539
£479
£636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
157
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.

-
-
-
419
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
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.

-
-
-
23
total
-
-
-
658
Employee

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

332
-
1 400
-
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
-
23
-
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
-
419
-
total
69
-
501
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 068
1 400
-
-
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
-
-
income
160
210
-
-
trade
168
220
-
-
chamber of commerce
3
3
-
-
total
340
445
-
-
Dividends
728
955
-
-
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.

10
13
-
-
withholding
179
235
-
-
total
189
248
-
-
Income
1 400
1 400
1 400
1 400
Total tax
598
693
501
658
After tax
802
707
899
742
Living cost
263
263
263
263
Free-cash
539
444
636
479

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
£436
£429
£390
£401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
153
pensions
-
-
-
168
national
-
-
-
236
social contributions
-
-
-
15
total
-
-
-
572
Employee
678
-
1 210
-
municipal
84
-
158
-
pensions
27
-
48
-
national
130
-
245
-
total
241
-
451
-
Employer
678
-
1 210
-
social contributions
7
-
13
-
pensions
54
-
97
-
total
61
-
110
-
Corporate
615
1 400
-
-
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%.

123
280
-
-
total
123
280
-
-
Dividends
492
1 120
-
-
withholding
108
246
-
-
total
108
246
-
-
Income
1 400
1 400
1 400
1 400
Total tax
533
526
561
572
After tax
867
874
839
828
Living cost
438
438
438
438
Free-cash
429
436
401
390

Estimated living cost  is £438 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£940
£869
£292
£660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
microenterprise
-
-
-
-
income
-
-
-
239
surtax
-
-
-
357
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
total
-
-
-
928
Employee
253
-
1 024
-
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
-
113
-
surtax
-
-
-
-
income
45
-
200
-
total
73
-
313
-
Employer
253
-
1 024
-
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
-
247
-
surtax
-
-
-
-
total
61
-
247
-
Corporate
1 086
1 400
-
-
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%.

217
280
-
-
total
217
280
-
-
Dividends

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

868
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
351
280
560
928
After tax
1 049
1 120
840
472
Living cost
180
180
180
180
Free-cash
869
940
660
292

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
£327
£274
£418
£498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
410
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
619
Employee
741
741
1 239
-
health
114
97
107
-
income

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

121
121
169
-
pensions
133
102
102
-
total
368
320
378
-
Employer
741
741
1 239
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
51
51
64
-
total
130
130
161
-
Corporate
539
530
-
-
income
108
106
-
-
total
108
106
-
-
Dividends
431
424
-
-
income
92
90
-
-
withholding
65
64
-
-
total
157
154
-
-
Income
1 400
1 400
1 400
1 400
Total tax
763
710
539
619
After tax
637
690
861
781
Living cost
363
363
363
363
Free-cash
274
327
498
418

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
£430
£424
£390
£382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
354
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
110
total
-
-
-
676
Employee
476
-
1 170
-
municipal
142
-
349
-
national
-
-
106
-
total
142
-
455
-
Employer
476
-
1 170
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
774
1 400
-
-
income
170
308
-
-
total
170
308
-
-
Dividends
604
1 092
-
-
withholding
181
328
-
-
total
181
328
-
-
Income
1 400
1 400
1 400
1 400
Total tax
642
636
684
676
After tax
758
764
716
724
Living cost
334
334
334
334
Free-cash
424
430
382
390

Estimated living cost  is £334 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£358
£479
£394
£558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
164
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.

-
-
-
419
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
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.

-
-
-
23
total
-
-
-
665
Employee

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

440
-
1 400
-
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
-
23
-
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
-
419
-
total
99
-
501
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
960
1 400
-
-
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
-
-
income
144
210
-
-
trade
158
230
-
-
chamber of commerce
3
3
-
-
total
313
455
-
-
Dividends
648
945
-
-
surtax

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

9
13
-
-
withholding
159
233
-
-
total
168
246
-
-
Income
1 400
1 400
1 400
1 400
Total tax
580
701
501
665
After tax
820
699
899
735
Living cost
341
341
341
341
Free-cash
479
358
558
394

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
£742
£706
£682
£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
-
-
-
1 400
income
-
-
-
261
health
-
-
-
36
social contributions
-
-
-
140
total
-
-
-
437
Employee
667
667
1 301
-
social contributions
32
55
75
-
health
7
11
22
-
income
70
62
254
-
total
109
128
351
-
Employer
667
667
1 301
-
social contributions
32
55
75
-
health
7
12
24
-
total
39
67
99
-
Corporate
970
665
-
-
income
121
83
-
-
total
121
83
-
-
Dividends
849
582
-
-
withholding
144
99
-
-
total
144
99
-
-
Income
1 400
1 400
1 400
1 400
Total tax
413
377
450
437
After tax
987
1 023
950
963
Living cost
281
281
281
281
Free-cash
706
742
669
682

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
£631
£633
£813
£655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
171
pensions
-
-
-
140
unemployment
-
-
-
21
health
-
-
-
98
total
-
-
-
430
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.

227
90
1 172
-
health
16
6
82
-
income
28
11
143
-
pensions
23
9
117
-
unemployment
3
1
18
-
total
70
27
360
-
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.

227
90
1 172
-
pensions
44
18
228
-
total
44
18
228
-
Corporate
1 129
1 292
-
-
income
102
116
-
-
total
102
116
-
-
Dividends
1 027
1 176
-
-
social contributions
199
228
-
-
withholding
195
223
-
-
total
394
451
-
-
Income
1 400
1 400
1 400
1 400
Total tax
610
612
588
430
After tax
790
788
812
970
Living cost
157
157
157
157
Free-cash
633
631
655
813

Estimated living cost  is £157 per week

£107
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
£910
£857
£541
£598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
188
pensions
-
-
-
280
health
-
-
-
182
total
-
-
-
650
Employee
246
-
1 046
-
income
28
-
202
-
pensions
5
-
21
-
unemployment
4
-
17
-
total
37
-
240
-
Employer
246
-
1 046
-
unemployment
2
-
8
-
pensions
49
-
209
-
health
32
-
136
-
total
83
-
353
-
Corporate
1 071
1 400
-
-
income
214
280
-
-
total
214
280
-
-
Dividends
857
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
334
280
593
650
After tax
1 066
1 120
807
750
Living cost
210
210
210
210
Free-cash
857
910
598
541

Estimated living cost  is £210 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
-£76
£85
£768
£566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
2
income
-
-
-
383
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
443
Employee
298
-
1 253
-
health
34
-
144
-
income
41
-
288
-
pensions
34
-
66
-
total
109
-
498
-
Employer
298
-
1 253
-
accident
5
-
21
-
unemployment
7
-
31
-
pensions
48
-
95
-
total
60
-
147
-
Corporate
1 041
1 400
-
-
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.

937
1 260
-
-
total
937
1 260
-
-
Dividends
104
140
-
-
withholding
20
27
-
-
total
20
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 126
1 287
645
443
After tax
274
113
755
957
Living cost
189
189
189
189
Free-cash
85
-76
566
768

Estimated living cost  is £189 per week

£139
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

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
£1251
£1236
£1307
£1041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 400
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
99
-
1 400
-
income
20
-
280
-
total
20
-
280
-
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%.

1 301
1 400
-
-
total
-
-
-
-
Dividends
1 301
1 400
-
-
withholding
65
70
-
-
total
65
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
85
70
280
14
After tax
1 315
1 330
1 120
1 386
Living cost
79
79
79
79
Free-cash
1 236
1 251
1 041
1 307

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£798
£739
£527
£565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
204
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
other
-
-
-
63
health
-
-
-
58
total
-
-
-
642
Employee
315
-
1 118
-
health
4
-
16
-
income
54
-
217
-
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
-
78
-
unemployment
3
-
11
-
total
83
-
322
-
Employer
315
-
1 118
-
accident
3
-
9
-
other
16
-
56
-
unemployment
3
-
11
-
pensions

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

54
-
190
-
health
4
-
16
-
total
80
-
282
-
Corporate
1 006
1 400
-
-
income
211
294
-
-
total
211
294
-
-
Dividends
795
1 106
-
-
withholding
56
77
-
-
total
56
77
-
-
Income
1 400
1 400
1 400
1 400
Total tax
430
371
604
642
After tax
970
1 029
796
758
Living cost
231
231
231
231
Free-cash
739
798
565
527

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
£347
£343
£355
£229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
385
pensions
-
-
-
76
total
-
-
-
461
Employee
826
-
1 224
-
health
14
-
18
-
income
149
-
300
-
pensions
80
-
94
-
total
243
-
412
-
Employer
826
-
1 224
-
pensions
98
-
152
-
health
16
-
23
-
total
114
-
175
-
Corporate
460
1 400
-
-
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.

88
266
-
-
total
88
266
-
-
Dividends
373
1 134
-
-
withholding
28
203
-
-
total
28
203
-
-
Income
1 400
1 400
1 400
1 400
Total tax
473
469
587
461
After tax
927
931
813
939
Living cost
584
584
584
584
Free-cash
343
347
229
355

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
£1083
£1042
£995
£1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
291
Employee
151
-
1 341
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
134
-
pensions

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

13
-
27
-
total
37
-
178
-
Employer
151
-
1 341
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
1 220
1 400
-
-
income
122
140
-
-
total
122
140
-
-
Dividends
1 098
1 260
-
-
withholding
55
63
-
-
total
55
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
244
203
237
291
After tax
1 156
1 197
1 163
1 109
Living cost
114
114
114
114
Free-cash
1 042
1 083
1 049
995

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
£209
£232
£300
£380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
410
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
619
Employee
804
741
1 239
-
health
100
97
107
-
income

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

121
121
169
-
pensions
102
102
102
-
total
323
320
378
-
Employer
804
741
1 239
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
51
64
-
total
141
130
161
-
Corporate
455
530
-
-
income
91
106
-
-
total
91
106
-
-
Dividends
364
424
-
-
income
77
90
-
-
withholding
55
64
-
-
total
132
154
-
-
Income
1 400
1 400
1 400
1 400
Total tax
687
710
539
619
After tax
713
690
861
781
Living cost
481
481
481
481
Free-cash
232
209
380
300

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
£757
£684
£569
£509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
137
health
-
-
-
189
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
624
Employee
305
-
1 050
-
social contributions
20
-
66
-
health
41
-
142
-
solidarity contribution
-
-
-
-
income
37
-
126
-
total
98
-
334
-
Employer
305
-
1 050
-
social contributions
76
-
255
-
health
27
-
95
-
total
103
-
350
-
Corporate
992
1 400
-
-
income
188
266
-
-
total
188
266
-
-
Dividends
803
1 134
-
-
withholding
120
170
-
-
total
120
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
509
436
684
624
After tax
891
964
716
776
Living cost
207
207
207
207
Free-cash
684
757
509
569

Estimated living cost  is £207 per week

£144
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.
£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 Brno model

Close
Milan , Italy
£381
£335
£311
£248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
8
regional
-
-
-
16
national
-
-
-
339
social contributions
-
-
-
360
total
-
-
-
723
Employee
771
-
1 400
-
social contributions
260
-
472
-
regional
7
-
14
-
municipal
4
-
7
-
national
134
-
293
-
total
405
-
786
-
Employer
771
-
1 400
-
total
-
-
-
-
Corporate
629
1 400
-
-
nationa
151
336
-
-
municipal
25
55
-
-
total
176
391
-
-
Dividends
454
1 009
-
-
withholding
118
262
-
-
total
118
262
-
-
Income
1 400
1 400
1 400
1 400
Total tax
699
653
786
723
After tax
701
747
614
677
Living cost
366
366
366
366
Free-cash
335
381
248
311

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
£690
£663
£473
£420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
366
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
54
total
-
-
-
736
Employee
287
-
1 157
-
other
-
-
-
-
health
7
-
29
-
surtax
1
-
45
-
income
48
-
314
-
pensions
19
-
77
-
unemployment
20
-
80
-
total
95
-
545
-
Employer
287
-
1 157
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
154
-
health
13
-
53
-
total
60
-
244
-
Corporate
1 053
1 400
-
-
income
274
364
-
-
total
274
364
-
-
Dividends
779
1 036
-
-
withholding
117
155
-
-
total
117
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
546
519
789
736
After tax
854
881
611
664
Living cost
191
191
191
191
Free-cash
663
690
420
473

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
£532
£581
£540
£414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
385
pensions
-
-
-
76
total
-
-
-
461
Employee
554
-
1 224
-
health
8
-
18
-
income
100
-
300
-
pensions
47
-
94
-
total
155
-
412
-
Employer
554
-
1 224
-
pensions
60
-
152
-
health
11
-
23
-
total
71
-
175
-
Corporate
776
1 400
-
-
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.

147
266
-
-
total
147
266
-
-
Dividends
628
1 134
-
-
withholding
47
203
-
-
total
47
203
-
-
Income
1 400
1 400
1 400
1 400
Total tax
420
469
587
461
After tax
980
931
813
939
Living cost
399
399
399
399
Free-cash
581
532
414
540

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
-£23
£261
£477
£410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
city
-
-
-
15
pensions
-
-
-
129
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.

-
-
-
28
regional
-
-
-
66
health
-
-
-
3
national
-
-
-
19
total
-
-
-
260
Employee
775
-
1 253
-
city
8
-
13
-
regional
25
-
57
-
health
2
-
3
-
pensions
65
-
105
-
unemployment
-
-
-
-
national
4
-
16
-
total
104
-
194
-
Employer
775
-
1 253
-
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
-
25
-
unemployment
-
-
-
-
pensions
65
-
105
-
health
2
-
3
-
total
83
-
133
-
Corporate
534
1 400
-
-
regional
113
296
-
-
national
45
119
-
-
total
158
415
-
-
Dividends
375
985
-
-
withholding
131
345
-
-
total
131
345
-
-
Income
1 400
1 400
1 400
1 400
Total tax
476
760
327
260
After tax
924
640
1 073
1 140
Living cost
663
663
663
663
Free-cash
261
-23
410
477

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
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.
£164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£295
£436
£331
£502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
171
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.

-
-
-
419
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
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.

-
-
-
23
total
-
-
-
672
Employee

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

521
-
1 400
-
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
-
23
-
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
-
419
-
total
123
-
501
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
879
1 400
-
-
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
-
-
income
132
210
-
-
trade
151
240
-
-
chamber of commerce
3
3
-
-
total
293
465
-
-
Dividends
586
935
-
-
surtax

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

8
13
-
-
withholding
143
230
-
-
total
151
243
-
-
Income
1 400
1 400
1 400
1 400
Total tax
567
708
501
672
After tax
833
692
899
728
Living cost
397
397
397
397
Free-cash
436
295
502
331

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
£409
£459
£494
£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
-
-
-
1 400
income
-
-
-
209
pensions
-
-
-
262
other
-
-
-
43
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
609
Employee
371
-
1 092
-
social contributions
11
-
31
-
surtax
-
-
-
-
income
22
-
205
-
pensions
42
-
72
-
total
75
-
308
-
Employer
371
-
1 092
-
other
13
-
41
-
social contributions
1
-
3
-
unemployment
15
-
44
-
pensions
61
-
123
-
health
26
-
97
-
total
116
-
308
-
Corporate
913
1 400
-
-
surtax
-
-
-
-
income
256
392
-
-
total
256
392
-
-
Dividends
657
1 008
-
-
surtax
-
-
-
-
social contributions
113
173
-
-
withholding
84
129
-
-
total
197
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
644
694
616
609
After tax
756
706
784
791
Living cost
297
297
297
297
Free-cash
459
409
487
494

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
£439
£489
£524
£517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
209
pensions
-
-
-
262
other
-
-
-
43
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
609
Employee
331
-
1 092
-
social contributions
9
-
31
-
surtax
-
-
-
-
income
17
-
205
-
pensions
37
-
72
-
total
63
-
308
-
Employer
331
-
1 092
-
other
11
-
41
-
social contributions
1
-
3
-
unemployment
13
-
44
-
pensions
54
-
123
-
health
23
-
97
-
total
102
-
308
-
Corporate
965
1 400
-
-
surtax
-
-
-
-
income
270
392
-
-
total
270
392
-
-
Dividends
695
1 008
-
-
surtax
-
-
-
-
social contributions
120
173
-
-
withholding
89
129
-
-
total
209
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
644
694
616
609
After tax
756
706
784
791
Living cost
267
267
267
267
Free-cash
489
439
517
524

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
£670
£674
£715
£690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
health
-
-
-
98
social contributions
-
-
-
193
total
-
-
-
501
Employee
294
-
1 400
-
social contributions
41
-
193
-
health
21
-
98
-
income
49
-
235
-
total
111
-
526
-
Employer
294
-
1 400
-
total
-
-
-
-
Corporate
1 106
1 400
-
-
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%.

55
70
-
-
total
55
70
-
-
Dividends
1 051
1 330
-
-
health
73
93
-
-
social contributions
145
184
-
-
withholding
158
199
-
-
total
376
476
-
-
Income
1 400
1 400
1 400
1 400
Total tax
542
546
526
501
After tax
858
854
874
899
Living cost
184
184
184
184
Free-cash
674
670
690
715

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
£474
£457
£412
£64
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
chamber of commerce
-
-
-
6
income
-
-
-
356
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
682
Employee
433
346
1 100
-
other
4
3
10
-
health
17
13
39
-
income
49
25
281
-
pensions
44
35
104
-
unemployment
13
10
30
-
total
127
86
464
-
Employer
433
346
1 100
-
accident
6
4
13
-
other
21
16
52
-
chamber of commerce
2
1
4
-
unemployment
13
10
30
-
surtax
2
2
2
-
pensions
54
43
127
-
payroll
13
10
33
-
health
16
13
38
-
total
127
99
299
-
Corporate
840
953
1 067
-
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.

210
238
267
-
total
210
238
267
-
Dividends
630
715
-
-
withholding
173
197
-
-
total
173
197
-
-
Income
1 400
1 400
1 400
1 400
Total tax
637
620
1 030
682
After tax
763
780
370
718
Living cost
306
306
306
306
Free-cash
457
474
64
412

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
£467
£338
£290
£184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
national
-
-
-
507
communal

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

-
-
-
71
social contributions
-
-
-
216
total
-
-
-
794
Employee

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

620
-
1 084
-
communal

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

32
-
57
-
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
-
51
-
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
-
81
-
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
-
386
-
total
304
-
584
-
Employer

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

620
-
1 084
-
accident

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

8
-
14
-
unemployment

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

9
-
16
-
surtax
70
-
123
-
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
-
96
-
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
-
67
-
total
180
-
316
-
Corporate
599
1 400
-
-
surtax
2
6
-
-
income
120
280
-
-
total
122
286
-
-
Dividends
477
1 114
-
-
withholding

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

140
331
-
-
total
140
331
-
-
Income
1 400
1 400
1 400
1 400
Total tax
746
617
900
794
After tax
654
783
500
606
Living cost
316
316
316
316
Free-cash
338
467
184
290

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
£622
£560
£473
£438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
7
income
-
-
-
372
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
614
Employee
432
-
1 144
-
other
-
-
1
-
income
91
-
342
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
118
-
393
-
Employer
432
-
1 144
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
831
1 400
-
-
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.

125
210
-
-
total
125
210
-
-
Dividends
706
1 190
-
-
withholding
146
255
-
-
total
146
255
-
-
Income
1 400
1 400
1 400
1 400
Total tax
527
465
649
614
After tax
873
935
751
786
Living cost
313
313
313
313
Free-cash
560
622
438
473

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
£356
£250
£236
£291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
12
income
-
-
-
216
pensions
-
-
-
210
health
-
-
-
98
surtax
-
-
-
69
communal
-
-
-
88
total
-
-
-
693
Employee
657
-
1 251
-
health
29
-
56
-
surtax
40
-
77
-
income
63
-
256
-
pensions
53
-
100
-
total
185
-
489
-
Employer
657
-
1 251
-
accident
6
-
11
-
pensions
53
-
100
-
health
20
-
38
-
total
79
-
149
-
Corporate
665
1 400
-
-
surtax
7
15
-
-
communal
45
94
-
-
income
100
210
-
-
total
152
319
-
-
Dividends
513
1 081
-
-
income
186
92
-
-
withholding
77
162
-
-
total
263
254
-
-
Income
1 400
1 400
1 400
1 400
Total tax
679
573
638
693
After tax
721
827
762
707
Living cost
471
471
471
471
Free-cash
250
356
291
236

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
£686
£660
£469
£416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
366
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
54
total
-
-
-
736
Employee
292
-
1 157
-
other
-
-
-
-
health
7
-
29
-
surtax
1
-
45
-
income
49
-
314
-
pensions
19
-
77
-
unemployment
20
-
80
-
total
96
-
545
-
Employer
292
-
1 157
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
154
-
health
13
-
53
-
total
61
-
244
-
Corporate
1 046
1 400
-
-
income
272
364
-
-
total
272
364
-
-
Dividends
774
1 036
-
-
withholding
116
155
-
-
total
116
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
545
519
789
736
After tax
855
881
611
664
Living cost
195
195
195
195
Free-cash
660
686
416
469

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
£501
£482
£438
£375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
8
regional
-
-
-
21
national
-
-
-
339
social contributions
-
-
-
360
total
-
-
-
728
Employee
481
-
1 400
-
social contributions
162
-
472
-
regional
6
-
19
-
municipal
3
-
7
-
national
76
-
293
-
total
247
-
791
-
Employer
481
-
1 400
-
total
-
-
-
-
Corporate
919
1 400
-
-
nationa
221
336
-
-
municipal
46
70
-
-
total
267
406
-
-
Dividends
653
994
-
-
withholding
170
259
-
-
total
170
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
684
665
791
728
After tax
716
735
609
672
Living cost
234
234
234
234
Free-cash
482
501
375
438

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
£709
£618
£521
£461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
137
health
-
-
-
189
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
624
Employee
376
-
1 050
-
social contributions
24
-
66
-
health
51
-
142
-
solidarity contribution
-
-
-
-
income
45
-
126
-
total
120
-
334
-
Employer
376
-
1 050
-
social contributions
94
-
255
-
health
34
-
95
-
total
128
-
350
-
Corporate
897
1 400
-
-
income
170
266
-
-
total
170
266
-
-
Dividends
726
1 134
-
-
withholding
109
170
-
-
total
109
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
527
436
684
624
After tax
873
964
716
776
Living cost
255
255
255
255
Free-cash
618
709
461
521

Estimated living cost  is £255 per week

£190
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.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£504
£495
£443
£94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
chamber of commerce
-
-
-
6
income
-
-
-
356
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
680
Employee
379
346
1 102
-
other
4
3
10
-
health
15
13
39
-
income
34
25
282
-
pensions
39
35
104
-
unemployment
11
10
30
-
total
103
86
465
-
Employer
379
346
1 102
-
accident
5
4
13
-
other
18
16
52
-
chamber of commerce
2
1
4
-
unemployment
11
10
30
-
surtax
-
-
-
-
pensions
48
43
127
-
payroll
11
10
33
-
health
14
13
38
-
total
109
97
297
-
Corporate
912
955
1 069
-
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.

228
239
267
-
total
228
239
267
-
Dividends
684
716
-
-
withholding
188
197
-
-
total
188
197
-
-
Income
1 400
1 400
1 400
1 400
Total tax
628
619
1 029
680
After tax
772
781
371
720
Living cost
277
277
277
277
Free-cash
495
504
94
443

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
£1207
£1184
£1263
£997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
1 400
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
154
-
1 400
-
income
31
-
280
-
total
31
-
280
-
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%.

1 246
1 400
-
-
total
-
-
-
-
Dividends
1 246
1 400
-
-
withholding
62
70
-
-
total
62
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
93
70
280
14
After tax
1 307
1 330
1 120
1 386
Living cost
123
123
123
123
Free-cash
1 184
1 207
997
1 263

Estimated living cost  is £123 per week

£83
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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£731
£658
£457
£420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
314
pensions
-
-
-
256
unemployment
-
-
-
2
health
-
-
-
138
total
-
-
-
710
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
-
1 211
-
health
25
-
78
-
income
66
-
290
-
pensions
59
-
188
-
unemployment
1
-
2
-
total
151
-
558
-
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
-
1 211
-
unemployment
-
-
1
-
pensions
34
-
107
-
health
26
-
81
-
total
60
-
189
-
Corporate
957
1 400
-
-
income
182
266
-
-
total
182
266
-
-
Dividends
775
1 134
-
-
withholding
116
170
-
-
total
116
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
509
436
747
710
After tax
891
964
653
690
Living cost
233
233
233
233
Free-cash
658
731
420
457

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
£477
£63
£592
£911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
273
social contributions
-
-
-
160
total
-
-
-
433
Employee
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
105
1 400
-
-
income
23
308
-
-
total
23
308
-
-
Dividends
82
1 092
-
-
income
18
240
-
-
total
18
240
-
-
Income
1 400
1 400
1 400
1 400
Total tax
962
548
114
433
After tax
438
852
1 286
967
Living cost
375
375
375
375
Free-cash
63
477
911
592

Estimated living cost  is £375 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£524
£516
£482
£380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 400
income
-
-
-
159
surtax
-
-
-
-
social contributions

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

-
-
-
487
total
-
-
-
646
Employee
399
-
1 131
-
social contributions
44
-
124
-
surtax
-
-
-
-
income
83
-
355
-
total
127
-
479
-
Employer
399
-
1 131
-
social contributions
95
-
269
-
total
95
-
269
-
Corporate
906
1 400
-
-
surtax
-
-
-
-
income
190
294
-
-
total
190
294
-
-
Dividends
716
1 106
-
-
withholding
200
310
-
-
total
200
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
612
604
748
646
After tax
788
796
652
754
Living cost
272
272
272
272
Free-cash
516
524
380
482

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
£287
£348
£372
£365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
209
pensions
-
-
-
262
other
-
-
-
43
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
609
Employee
543
-
1 092
-
social contributions
15
-
31
-
surtax
-
-
-
-
income
47
-
205
-
pensions
61
-
72
-
total
123
-
308
-
Employer
543
-
1 092
-
other
19
-
41
-
social contributions
2
-
3
-
unemployment
22
-
44
-
pensions
89
-
123
-
health
38
-
97
-
total
170
-
308
-
Corporate
687
1 400
-
-
surtax
-
-
-
-
income
192
392
-
-
total
192
392
-
-
Dividends
495
1 008
-
-
surtax
-
-
-
-
social contributions
85
173
-
-
withholding
63
129
-
-
total
148
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
633
694
616
609
After tax
767
706
784
791
Living cost
419
419
419
419
Free-cash
348
287
365
372

Estimated living cost  is £419 per week

£284
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
£999
£970
£774
£811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
57
social contributions
-
-
-
308
total
-
-
-
365
Employee
279
-
1 212
-
income
-
-
61
-
social contributions
18
-
79
-
total
18
-
140
-
Employer
279
-
1 212
-
social contributions
43
-
188
-
total
43
-
188
-
Corporate
1 078
1 400
-
-
income
108
140
-
-
total
108
140
-
-
Dividends
970
1 260
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
169
140
328
365
After tax
1 231
1 260
1 072
1 035
Living cost
261
261
261
261
Free-cash
970
999
811
774

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
-£490
-£490
£415
-£490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
288
pensions
-
-
-
8
national
-
-
-
160
labour market
-
-
-
111
total
-
-
-
567
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 472
1 472
1 472
567
After tax
-72
-72
-72
833
Living cost
418
418
418
418
Free-cash
-490
-490
-490
415

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
-£74
£84
£770
£568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
2
income
-
-
-
383
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
443
Employee
294
-
1 253
-
health
34
-
144
-
income
40
-
288
-
pensions
33
-
66
-
total
107
-
498
-
Employer
294
-
1 253
-
accident
5
-
21
-
unemployment
7
-
31
-
pensions
48
-
95
-
total
60
-
147
-
Corporate
1 047
1 400
-
-
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.

942
1 260
-
-
total
942
1 260
-
-
Dividends
105
140
-
-
withholding
20
27
-
-
total
20
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 129
1 287
645
443
After tax
271
113
755
957
Living cost
187
187
187
187
Free-cash
84
-74
568
770

Estimated living cost  is £187 per week

£136
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
£552
£570
£588
£408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 400
municipal
-
-
-
249
health
-
-
-
18
national
-
-
-
212
total
-
-
-
479
Employee
456
-
1 178
-
health
3
-
15
-
municipal
75
-
192
-
pensions
31
-
80
-
unemployment
7
-
18
-
national
8
-
132
-
total
124
-
437
-
Employer
456
-
1 178
-
accident
-
-
1
-
unemployment
3
-
8
-
pensions
79
-
204
-
health
4
-
9
-
total
86
-
222
-
Corporate
858
1 400
-
-
income
172
280
-
-
total
172
280
-
-
Dividends

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

515
840
-
-
national
22
84
-
-
municipal
93
151
-
-
total
115
235
-
-
Income
1 400
1 400
1 400
1 400
Total tax
497
515
659
479
After tax
903
885
741
921
Living cost
333
333
333
333
Free-cash
570
552
408
588

Estimated living cost  is £333 per week

£218
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
£822
£774
£762
£749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
261
health
-
-
-
36
social contributions
-
-
-
140
total
-
-
-
437
Employee
667
667
1 301
-
social contributions
25
55
75
-
health
5
11
22
-
income
73
62
254
-
total
103
128
351
-
Employer
667
667
1 301
-
social contributions
25
55
75
-
health
6
12
24
-
total
31
67
99
-
Corporate
1 065
665
-
-
income
133
83
-
-
total
133
83
-
-
Dividends
932
582
-
-
withholding
158
99
-
-
total
158
99
-
-
Income
1 400
1 400
1 400
1 400
Total tax
425
377
450
437
After tax
975
1 023
950
963
Living cost
201
201
201
201
Free-cash
774
822
749
762

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
£1021
£976
£1035
£861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 400
income
-
-
-
141
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
227
Employee

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

199
-
1 315
-
health
17
-
70
-
income
14
-
120
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
317
-
Employer

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

199
-
1 315
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 180
1 400
-
-
income
106
126
-
-
total
106
126
-
-
Dividends
1 074
1 274
-
-
withholding
97
115
-
-
total
97
115
-
-
Income
1 400
1 400
1 400
1 400
Total tax
286
241
401
227
After tax
1 114
1 159
999
1 173
Living cost
138
138
138
138
Free-cash
976
1 021
861
1 035

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
£696
£656
£547
£512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
7
income
-
-
-
372
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
614
Employee
321
-
1 144
-
other
-
-
1
-
income
62
-
342
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
82
-
393
-
Employer
321
-
1 144
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
977
1 400
-
-
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.

147
210
-
-
total
147
210
-
-
Dividends
830
1 190
-
-
withholding
173
255
-
-
total
173
255
-
-
Income
1 400
1 400
1 400
1 400
Total tax
505
465
649
614
After tax
895
935
751
786
Living cost
239
239
239
239
Free-cash
656
696
512
547

Estimated living cost  is £239 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
£850
£847
£872
£870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
474
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
504
Employee
36
-
1 381
-
health
2
-
4
-
income
7
-
473
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
486
-
Employer
36
-
1 381
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 356
1 400
-
-
income
298
308
-
-
total
298
308
-
-
Dividends
1 057
1 092
-
-
withholding
211
218
-
-
total
211
218
-
-
Income
1 400
1 400
1 400
1 400
Total tax
529
526
506
504
After tax
871
874
894
896
Living cost
24
24
24
24
Free-cash
847
850
870
872

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£862
£817
£693
£693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
314
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
557
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
-
1 285
-
health
12
-
33
-
income
31
-
314
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
442
-
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
-
1 285
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 134
1 400
-
-
income
170
210
-
-
total
170
210
-
-
Dividends
963
1 190
-
-
withholding
145
178
-
-
total
145
178
-
-
Income
1 400
1 400
1 400
1 400
Total tax
433
388
557
557
After tax
967
1 012
843
843
Living cost
150
150
150
150
Free-cash
817
862
693
693

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
£562
£558
£520
£418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
159
surtax
-
-
-
-
social contributions

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

-
-
-
487
total
-
-
-
646
Employee
337
-
1 131
-
social contributions
37
-
124
-
surtax
-
-
-
-
income
66
-
355
-
total
103
-
479
-
Employer
337
-
1 131
-
social contributions
80
-
269
-
total
80
-
269
-
Corporate
983
1 400
-
-
surtax
-
-
-
-
income
207
294
-
-
total
207
294
-
-
Dividends
777
1 106
-
-
withholding
218
310
-
-
total
218
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
608
604
748
646
After tax
792
796
652
754
Living cost
234
234
234
234
Free-cash
558
562
418
520

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
£630
£573
£481
£446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
7
income
-
-
-
372
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
614
Employee
419
-
1 144
-
other
-
-
1
-
income
87
-
342
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
113
-
393
-
Employer
419
-
1 144
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
848
1 400
-
-
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.

127
210
-
-
total
127
210
-
-
Dividends
720
1 190
-
-
withholding
149
255
-
-
total
149
255
-
-
Income
1 400
1 400
1 400
1 400
Total tax
522
465
649
614
After tax
878
935
751
786
Living cost
305
305
305
305
Free-cash
573
630
446
481

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
£1048
£996
£960
£1014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
291
Employee
198
-
1 341
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
134
-
pensions

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

17
-
27
-
total
48
-
178
-
Employer
198
-
1 341
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
1 164
1 400
-
-
income
116
140
-
-
total
116
140
-
-
Dividends
1 047
1 260
-
-
withholding
52
63
-
-
total
52
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
255
203
237
291
After tax
1 145
1 197
1 163
1 109
Living cost
149
149
149
149
Free-cash
996
1 048
1 014
960

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
£386
£500
£421
£564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
143
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.

-
-
-
419
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
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.

-
-
-
23
total
-
-
-
644
Employee

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

432
-
1 400
-
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
-
23
-
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.

35
-
419
-
total
96
-
501
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
968
1 400
-
-
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
-
-
income
145
210
-
-
trade
139
201
-
-
chamber of commerce
3
3
-
-
total
295
426
-
-
Dividends
673
974
-
-
surtax

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

9
13
-
-
withholding
165
240
-
-
total
174
253
-
-
Income
1 400
1 400
1 400
1 400
Total tax
565
679
501
644
After tax
835
721
899
756
Living cost
335
335
335
335
Free-cash
500
386
564
421

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
£486
£506
£258
£258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
417
social contributions
-
-
-
231
total
-
-
-
648
Employee
678
-
1 400
-
income
128
-
417
-
social contributions
56
-
231
-
total
184
-
648
-
Employer
678
-
1 400
-
total
-
-
-
-
Corporate
722
1 400
-
-
income
90
175
-
-
total
90
175
-
-
Dividends
631
1 225
-
-
withholding
126
245
-
-
total
126
245
-
-
Income
1 400
1 400
1 400
1 400
Total tax
400
420
648
648
After tax
1 000
980
752
752
Living cost
494
494
494
494
Free-cash
506
486
258
258

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
£549
£579
£780
£688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
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.

-
-
-
58
total
-
-
-
305
Employee
398
-
1 360
-
income
43
-
317
-
social contributions
40
-
40
-
total
83
-
357
-
Employer
398
-
1 360
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
962
1 400
-
-
income
337
490
-
-
total
337
490
-
-
Dividends
625
910
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 400
1 400
1 400
1 400
Total tax
506
536
397
305
After tax
894
864
1 003
1 095
Living cost
315
315
315
315
Free-cash
579
549
688
780

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
£607
£660
£615
£489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
385
pensions
-
-
-
76
total
-
-
-
461
Employee
445
-
1 224
-
health
6
-
18
-
income
81
-
300
-
pensions
34
-
94
-
total
121
-
412
-
Employer
445
-
1 224
-
pensions
45
-
152
-
health
8
-
23
-
total
53
-
175
-
Corporate
901
1 400
-
-
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.

171
266
-
-
total
171
266
-
-
Dividends
730
1 134
-
-
withholding
71
203
-
-
total
71
203
-
-
Income
1 400
1 400
1 400
1 400
Total tax
416
469
587
461
After tax
984
931
813
939
Living cost
324
324
324
324
Free-cash
660
607
489
615

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
-£92
£84
£752
£550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
2
income
-
-
-
383
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
443
Employee
323
-
1 253
-
health
37
-
144
-
income
44
-
288
-
pensions
36
-
66
-
total
117
-
498
-
Employer
323
-
1 253
-
accident
5
-
21
-
unemployment
8
-
31
-
pensions
52
-
95
-
total
65
-
147
-
Corporate
1 012
1 400
-
-
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.

910
1 260
-
-
total
910
1 260
-
-
Dividends
101
140
-
-
withholding
19
27
-
-
total
19
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 111
1 287
645
443
After tax
289
113
755
957
Living cost
205
205
205
205
Free-cash
84
-92
550
752

Estimated living cost  is £205 per week

£151
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
£1061
£1021
£673
£865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
work injury
-
-
-
7
health insurance
-
-
-
102
income
-
-
-
229
pensions
-
-
-
255
unemployment
-
-
-
17
total
-
-
-
610
Employee

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

187
-
1 400
-
work injury
1
-
3
-
income
19
-
229
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
418
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 213
1 400
-
-
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
1 201
1 386
-
-
withholding
180
208
-
-
total
180
208
-
-
Income
1 400
1 400
1 400
1 400
Total tax
262
222
418
610
After tax
1 138
1 178
982
790
Living cost
117
117
117
117
Free-cash
1 021
1 061
865
673

Estimated living cost  is £117 per week

£72
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.
£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
£392
£352
£314
£253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
9
regional
-
-
-
32
national
-
-
-
339
social contributions
-
-
-
360
total
-
-
-
740
Employee
731
-
1 400
-
social contributions
246
-
472
-
regional
11
-
28
-
municipal
4
-
8
-
national
124
-
293
-
total
385
-
801
-
Employer
731
-
1 400
-
total
-
-
-
-
Corporate
669
1 400
-
-
nationa
161
336
-
-
municipal
32
67
-
-
total
193
403
-
-
Dividends
476
997
-
-
withholding
124
259
-
-
total
124
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
702
662
801
740
After tax
698
738
599
660
Living cost
346
346
346
346
Free-cash
352
392
253
314

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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