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
£ 1500
per

Your estimated
City
free-cash

Dresden , Germany
£494
£588
£519
£692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
trade
-
-
-
173
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.

-
-
-
460
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.

-
-
-
25
total
-
-
-
717
Employee

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

333
-
1 500
-
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
-
25
-
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
-
460
-
total
69
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 167
1 500
-
-
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
12
-
-
income
175
225
-
-
trade
184
236
-
-
chamber of commerce
3
3
-
-
total
372
476
-
-
Dividends
796
1 023
-
-
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.

11
14
-
-
withholding
196
252
-
-
total
207
266
-
-
Income
1 500
1 500
1 500
1 500
Total tax
648
742
544
717
After tax
852
758
956
783
Living cost
264
264
264
264
Free-cash
588
494
692
519

Estimated living cost  is £264 per week

£166
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
£496
£490
£446
£455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
164
pensions
-
-
-
180
national
-
-
-
254
social contributions
-
-
-
16
total
-
-
-
614
Employee
682
-
1 297
-
municipal
84
-
170
-
pensions
27
-
52
-
national
130
-
265
-
total
241
-
487
-
Employer
682
-
1 297
-
social contributions
7
-
14
-
pensions
55
-
104
-
total
62
-
118
-
Corporate
712
1 500
-
-
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%.

142
300
-
-
total
142
300
-
-
Dividends
569
1 200
-
-
withholding
125
264
-
-
total
125
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
570
564
605
614
After tax
930
936
895
886
Living cost
440
440
440
440
Free-cash
490
496
455
446

Estimated living cost  is £440 per week

£299
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
£1019
£948
£334
£445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
microenterprise
-
-
-
-
income
-
-
-
269
surtax
-
-
-
383
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.

-
-
-
333
total
-
-
-
985
Employee
254
-
1 126
-
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
-
114
-
surtax
-
-
163
-
income
45
-
223
-
total
73
-
500
-
Employer
254
-
1 126
-
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
-
250
-
surtax
-
-
124
-
total
61
-
374
-
Corporate
1 184
1 500
-
-
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%.

237
300
-
-
total
237
300
-
-
Dividends

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

948
1 200
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
371
300
874
985
After tax
1 129
1 200
626
515
Living cost
181
181
181
181
Free-cash
948
1 019
445
334

Estimated living cost  is £181 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
£376
£323
£466
£570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
460
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
669
Employee
743
743
1 338
-
health
114
97
107
-
income

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

122
122
195
-
pensions
134
102
102
-
total
370
321
404
-
Employer
743
743
1 338
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
636
627
-
-
income
127
125
-
-
total
127
125
-
-
Dividends
509
501
-
-
income
108
107
-
-
withholding
76
75
-
-
total
184
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
812
759
565
669
After tax
688
741
935
831
Living cost
365
365
365
365
Free-cash
323
376
570
466

Estimated living cost  is £365 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£483
£475
£432
£426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
384
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
134
total
-
-
-
732
Employee
479
-
1 268
-
municipal
143
-
378
-
national
-
-
129
-
total
143
-
507
-
Employer
479
-
1 268
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
870
1 500
-
-
income
191
330
-
-
total
191
330
-
-
Dividends
679
1 170
-
-
withholding
204
351
-
-
total
204
351
-
-
Income
1 500
1 500
1 500
1 500
Total tax
689
681
738
732
After tax
811
819
762
768
Living cost
336
336
336
336
Free-cash
475
483
426
432

Estimated living cost  is £336 per week

£223
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
£407
£529
£434
£614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
trade
-
-
-
180
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.

-
-
-
460
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.

-
-
-
25
total
-
-
-
724
Employee

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

441
-
1 500
-
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
-
25
-
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
-
460
-
total
99
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 059
1 500
-
-
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
159
225
-
-
trade
174
247
-
-
chamber of commerce
3
3
-
-
total
345
487
-
-
Dividends
714
1 012
-
-
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
14
-
-
withholding
175
250
-
-
total
185
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
629
751
544
724
After tax
871
749
956
776
Living cost
342
342
342
342
Free-cash
529
407
614
434

Estimated living cost  is £342 per week

£229
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
£813
£775
£745
£731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
294
health
-
-
-
38
social contributions
-
-
-
141
total
-
-
-
473
Employee
669
669
1 399
-
social contributions
33
56
75
-
health
7
11
24
-
income
70
62
287
-
total
110
129
386
-
Employer
669
669
1 399
-
social contributions
33
56
75
-
health
7
12
26
-
total
40
68
101
-
Corporate
1 069
763
-
-
income
134
95
-
-
total
134
95
-
-
Dividends
935
668
-
-
withholding
159
113
-
-
total
159
113
-
-
Income
1 500
1 500
1 500
1 500
Total tax
443
405
487
473
After tax
1 057
1 095
1 013
1 027
Living cost
282
282
282
282
Free-cash
775
813
731
745

Estimated living cost  is £282 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£685
£688
£882
£711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
183
pensions
-
-
-
150
unemployment
-
-
-
22
health
-
-
-
105
total
-
-
-
460
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.

228
91
1 255
-
health
16
6
88
-
income
28
11
153
-
pensions
23
9
126
-
unemployment
3
1
19
-
total
70
27
386
-
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.

228
91
1 255
-
pensions
45
18
245
-
total
45
18
245
-
Corporate
1 227
1 391
-
-
income
110
125
-
-
total
110
125
-
-
Dividends
1 117
1 266
-
-
social contributions
217
246
-
-
withholding
212
241
-
-
total
429
487
-
-
Income
1 500
1 500
1 500
1 500
Total tax
654
657
631
460
After tax
846
843
869
1 040
Living cost
158
158
158
158
Free-cash
688
685
711
882

Estimated living cost  is £158 per week

£108
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
£990
£936
£594
£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
-
-
-
1 500
income
-
-
-
201
pensions
-
-
-
300
health
-
-
-
195
total
-
-
-
696
Employee
247
-
1 121
-
income
28
-
216
-
pensions
5
-
22
-
unemployment
4
-
18
-
total
37
-
256
-
Employer
247
-
1 121
-
unemployment
2
-
9
-
pensions
49
-
224
-
health
32
-
146
-
total
83
-
379
-
Corporate
1 170
1 500
-
-
income
234
300
-
-
total
234
300
-
-
Dividends
936
1 200
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
354
300
635
696
After tax
1 146
1 200
865
804
Living cost
210
210
210
210
Free-cash
936
990
655
594

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.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£69
£92
£836
£624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
2
income
-
-
-
414
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
474
Employee
299
-
1 349
-
health
34
-
154
-
income
41
-
315
-
pensions
34
-
66
-
total
109
-
535
-
Employer
299
-
1 349
-
accident
5
-
23
-
unemployment
7
-
33
-
pensions
49
-
95
-
total
61
-
151
-
Corporate
1 140
1 500
-
-
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.

1 026
1 350
-
-
total
1 026
1 350
-
-
Dividends
114
150
-
-
withholding
22
29
-
-
total
22
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 218
1 379
686
474
After tax
282
121
814
1 026
Living cost
190
190
190
190
Free-cash
92
-69
624
836

Estimated living cost  is £190 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1347
£1332
£1407
£1122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 500
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
98
-
1 500
-
income
20
-
300
-
total
20
-
300
-
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%.

1 402
1 500
-
-
total
-
-
-
-
Dividends
1 402
1 500
-
-
withholding
70
75
-
-
total
70
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
90
75
300
15
After tax
1 410
1 425
1 200
1 485
Living cost
78
78
78
78
Free-cash
1 332
1 347
1 122
1 407

Estimated living cost  is £78 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
£870
£812
£600
£617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
229
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.

-
-
-
318
other
-
-
-
63
health
-
-
-
58
total
-
-
-
668
Employee
316
-
1 198
-
health
4
-
17
-
income
54
-
235
-
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
-
84
-
unemployment
3
-
12
-
total
83
-
348
-
Employer
316
-
1 198
-
accident
3
-
10
-
other
16
-
60
-
unemployment
3
-
12
-
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
-
204
-
health
4
-
17
-
total
80
-
303
-
Corporate
1 104
1 500
-
-
income
232
315
-
-
total
232
315
-
-
Dividends
873
1 185
-
-
withholding
61
83
-
-
total
61
83
-
-
Income
1 500
1 500
1 500
1 500
Total tax
456
398
651
668
After tax
1 044
1 102
849
832
Living cost
232
232
232
232
Free-cash
812
870
617
600

Estimated living cost  is £232 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£402
£419
£413
£278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
425
pensions
-
-
-
78
total
-
-
-
503
Employee
826
-
1 311
-
health
14
-
19
-
income
149
-
334
-
pensions
80
-
96
-
total
243
-
449
-
Employer
826
-
1 311
-
pensions
98
-
164
-
health
16
-
25
-
total
114
-
189
-
Corporate
560
1 500
-
-
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.

106
285
-
-
total
106
285
-
-
Dividends
454
1 215
-
-
withholding
34
229
-
-
total
34
229
-
-
Income
1 500
1 500
1 500
1 500
Total tax
497
514
638
503
After tax
1 003
986
862
997
Living cost
584
584
584
584
Free-cash
419
402
278
413

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
£1169
£1128
£1080
£1138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
225
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
-
-
-
306
Employee
151
-
1 440
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
144
-
pensions

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

13
-
27
-
total
37
-
188
-
Employer
151
-
1 440
-
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
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 319
1 500
-
-
income
132
150
-
-
total
132
150
-
-
Dividends
1 187
1 350
-
-
withholding
59
67
-
-
total
59
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
258
217
248
306
After tax
1 242
1 283
1 252
1 194
Living cost
114
114
114
114
Free-cash
1 128
1 169
1 138
1 080

Estimated living cost  is £114 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£258
£281
£348
£452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
460
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
669
Employee
807
743
1 338
-
health
101
97
107
-
income

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

122
122
195
-
pensions
102
102
102
-
total
325
321
404
-
Employer
807
743
1 338
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
552
627
-
-
income
110
125
-
-
total
110
125
-
-
Dividends
442
501
-
-
income
94
107
-
-
withholding
66
75
-
-
total
160
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
736
759
565
669
After tax
764
741
935
831
Living cost
483
483
483
483
Free-cash
281
258
452
348

Estimated living cost  is £483 per week

£356
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
£825
£750
£639
£573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
150
health
-
-
-
203
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
653
Employee
306
-
1 141
-
social contributions
20
-
67
-
health
41
-
154
-
solidarity contribution
-
-
-
-
income
37
-
138
-
total
98
-
359
-
Employer
306
-
1 141
-
social contributions
77
-
257
-
health
28
-
103
-
total
105
-
360
-
Corporate
1 089
1 500
-
-
income
207
285
-
-
total
207
285
-
-
Dividends
882
1 215
-
-
withholding
132
182
-
-
total
132
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
542
467
719
653
After tax
958
1 033
781
847
Living cost
208
208
208
208
Free-cash
750
825
573
639

Estimated living cost  is £208 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£433
£389
£351
£283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
9
regional
-
-
-
18
national
-
-
-
369
social contributions
-
-
-
386
total
-
-
-
782
Employee
773
-
1 500
-
social contributions
261
-
506
-
regional
7
-
16
-
municipal
4
-
8
-
national
134
-
320
-
total
406
-
850
-
Employer
773
-
1 500
-
total
-
-
-
-
Corporate
727
1 500
-
-
nationa
174
360
-
-
municipal
28
59
-
-
total
202
419
-
-
Dividends
524
1 081
-
-
withholding
136
281
-
-
total
136
281
-
-
Income
1 500
1 500
1 500
1 500
Total tax
744
700
850
782
After tax
756
800
650
718
Living cost
367
367
367
367
Free-cash
389
433
283
351

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£751
£726
£519
£465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
410
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
63
total
-
-
-
789
Employee
288
-
1 256
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
52
-
income
48
-
358
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
598
-
Employer
288
-
1 256
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
1 152
1 500
-
-
income
299
390
-
-
total
299
390
-
-
Dividends
852
1 110
-
-
withholding
128
167
-
-
total
128
167
-
-
Income
1 500
1 500
1 500
1 500
Total tax
582
557
843
789
After tax
918
943
657
711
Living cost
192
192
192
192
Free-cash
726
751
465
519

Estimated living cost  is £192 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
£587
£644
£598
£463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
425
pensions
-
-
-
78
total
-
-
-
503
Employee
554
-
1 311
-
health
8
-
19
-
income
100
-
334
-
pensions
47
-
96
-
total
155
-
449
-
Employer
554
-
1 311
-
pensions
60
-
164
-
health
11
-
25
-
total
71
-
189
-
Corporate
876
1 500
-
-
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.

166
285
-
-
total
166
285
-
-
Dividends
709
1 215
-
-
withholding
65
229
-
-
total
65
229
-
-
Income
1 500
1 500
1 500
1 500
Total tax
457
514
638
503
After tax
1 043
986
862
997
Living cost
399
399
399
399
Free-cash
644
587
463
598

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
£29
£309
£556
£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
-
-
-
1 500
city
-
-
-
16
pensions
-
-
-
138
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.

-
-
-
30
regional
-
-
-
74
health
-
-
-
3
national
-
-
-
25
total
-
-
-
286
Employee
770
-
1 343
-
city
8
-
14
-
regional
25
-
64
-
health
2
-
3
-
pensions
65
-
113
-
unemployment
-
-
-
-
national
4
-
18
-
total
104
-
212
-
Employer
770
-
1 343
-
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.

15
-
27
-
unemployment
-
-
-
-
pensions
65
-
113
-
health
2
-
3
-
total
82
-
143
-
Corporate
640
1 500
-
-
regional
135
317
-
-
national
54
127
-
-
total
189
444
-
-
Dividends
450
1 055
-
-
withholding
158
369
-
-
total
158
369
-
-
Income
1 500
1 500
1 500
1 500
Total tax
533
813
355
286
After tax
967
687
1 145
1 214
Living cost
658
658
658
658
Free-cash
309
29
487
556

Estimated living cost  is £658 per week

£428
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.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£343
£483
£369
£557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
trade
-
-
-
188
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.

-
-
-
460
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.

-
-
-
25
total
-
-
-
732
Employee

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

523
-
1 500
-
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
-
25
-
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
-
460
-
total
123
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
977
1 500
-
-
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
147
225
-
-
trade
168
257
-
-
chamber of commerce
3
3
-
-
total
326
497
-
-
Dividends
652
1 002
-
-
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
14
-
-
withholding
160
247
-
-
total
169
261
-
-
Income
1 500
1 500
1 500
1 500
Total tax
618
758
544
732
After tax
882
742
956
768
Living cost
399
399
399
399
Free-cash
483
343
557
369

Estimated living cost  is £399 per week

£291
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
£458
£510
£547
£530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
232
pensions
-
-
-
271
other
-
-
-
47
health
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
655
Employee
372
-
1 164
-
social contributions
11
-
33
-
surtax
-
-
-
-
income
22
-
224
-
pensions
42
-
80
-
total
75
-
337
-
Employer
372
-
1 164
-
other
13
-
45
-
social contributions
1
-
3
-
unemployment
15
-
47
-
pensions
61
-
134
-
health
26
-
106
-
total
116
-
335
-
Corporate
1 011
1 500
-
-
surtax
-
-
-
-
income
283
420
-
-
total
283
420
-
-
Dividends
728
1 080
-
-
surtax
-
-
-
-
social contributions
125
186
-
-
withholding
93
138
-
-
total
218
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
692
744
672
655
After tax
808
756
828
845
Living cost
298
298
298
298
Free-cash
510
458
530
547

Estimated living cost  is £298 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£488
£537
£577
£560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
232
pensions
-
-
-
271
other
-
-
-
47
health
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
655
Employee
332
-
1 164
-
social contributions
9
-
33
-
surtax
-
-
-
-
income
17
-
224
-
pensions
38
-
80
-
total
64
-
337
-
Employer
332
-
1 164
-
other
11
-
45
-
social contributions
1
-
3
-
unemployment
13
-
47
-
pensions
55
-
134
-
health
23
-
106
-
total
103
-
335
-
Corporate
1 064
1 500
-
-
surtax
-
-
-
-
income
298
420
-
-
total
298
420
-
-
Dividends
766
1 080
-
-
surtax
-
-
-
-
social contributions
132
186
-
-
withholding
98
138
-
-
total
230
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
695
744
672
655
After tax
805
756
828
845
Living cost
268
268
268
268
Free-cash
537
488
560
577

Estimated living cost  is £268 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£730
£734
£778
£748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
225
health
-
-
-
105
social contributions
-
-
-
207
total
-
-
-
537
Employee
295
-
1 500
-
social contributions
41
-
207
-
health
21
-
105
-
income
49
-
255
-
total
111
-
567
-
Employer
295
-
1 500
-
total
-
-
-
-
Corporate
1 205
1 500
-
-
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%.

60
75
-
-
total
60
75
-
-
Dividends
1 145
1 425
-
-
health
80
99
-
-
social contributions
158
197
-
-
withholding
172
214
-
-
total
410
510
-
-
Income
1 500
1 500
1 500
1 500
Total tax
581
585
567
537
After tax
919
915
933
963
Living cost
185
185
185
185
Free-cash
734
730
748
778

Estimated living cost  is £185 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
£524
£507
£463
£90
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
chamber of commerce
-
-
-
6
income
-
-
-
403
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
730
Employee
435
347
1 193
-
other
4
3
10
-
health
17
13
39
-
income
50
26
321
-
pensions
45
36
104
-
unemployment
13
10
31
-
total
129
88
505
-
Employer
435
347
1 193
-
accident
6
5
13
-
other
21
16
55
-
chamber of commerce
2
1
5
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
36
-
health
16
13
38
-
total
128
101
308
-
Corporate
938
1 052
1 160
-
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.

235
263
290
-
total
235
263
290
-
Dividends
704
789
-
-
withholding
194
217
-
-
total
194
217
-
-
Income
1 500
1 500
1 500
1 500
Total tax
686
669
1 103
730
After tax
814
831
397
770
Living cost
307
307
307
307
Free-cash
507
524
90
463

Estimated living cost  is £307 per week

£205
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
£522
£393
£333
£213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
national
-
-
-
556
communal

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

-
-
-
77
social contributions
-
-
-
217
total
-
-
-
850
Employee

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

622
-
1 162
-
communal

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

32
-
61
-
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
-
55
-
pensions

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

47
-
87
-
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
-
10
-
national
191
-
419
-
total
304
-
632
-
Employer

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

622
-
1 162
-
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
-
15
-
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
-
17
-
surtax
71
-
132
-
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
-
103
-
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
-
71
-
total
181
-
338
-
Corporate
696
1 500
-
-
surtax
3
6
-
-
income
139
300
-
-
total
142
306
-
-
Dividends
554
1 194
-
-
withholding

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

163
355
-
-
total
163
355
-
-
Income
1 500
1 500
1 500
1 500
Total tax
790
661
970
850
After tax
710
839
530
650
Living cost
317
317
317
317
Free-cash
393
522
213
333

Estimated living cost  is £317 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
£686
£627
£528
£492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
7
income
-
-
-
416
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
658
Employee
433
-
1 243
-
other
-
-
1
-
income
91
-
386
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
438
-
Employer
433
-
1 243
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
929
1 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

139
225
-
-
total
139
225
-
-
Dividends
789
1 275
-
-
withholding
164
275
-
-
total
164
275
-
-
Income
1 500
1 500
1 500
1 500
Total tax
559
500
694
658
After tax
941
1 000
806
842
Living cost
314
314
314
314
Free-cash
627
686
492
528

Estimated living cost  is £314 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
£406
£298
£272
£332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
13
income
-
-
-
243
pensions
-
-
-
225
health
-
-
-
105
surtax
-
-
-
74
communal
-
-
-
95
total
-
-
-
755
Employee
659
-
1 340
-
health
29
-
60
-
surtax
40
-
82
-
income
64
-
286
-
pensions
53
-
107
-
total
186
-
535
-
Employer
659
-
1 340
-
accident
6
-
12
-
pensions
53
-
107
-
health
20
-
41
-
total
79
-
160
-
Corporate
762
1 500
-
-
surtax
8
16
-
-
communal
51
101
-
-
income
114
225
-
-
total
173
342
-
-
Dividends
588
1 158
-
-
income
203
105
-
-
withholding
88
174
-
-
total
291
279
-
-
Income
1 500
1 500
1 500
1 500
Total tax
729
621
695
755
After tax
771
879
805
745
Living cost
473
473
473
473
Free-cash
298
406
332
272

Estimated living cost  is £473 per week

£355
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
£748
£722
£516
£462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
410
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
63
total
-
-
-
789
Employee
293
-
1 256
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
52
-
income
49
-
358
-
pensions
20
-
77
-
unemployment
20
-
81
-
total
97
-
598
-
Employer
293
-
1 256
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
1 145
1 500
-
-
income
298
390
-
-
total
298
390
-
-
Dividends
847
1 110
-
-
withholding
127
167
-
-
total
127
167
-
-
Income
1 500
1 500
1 500
1 500
Total tax
583
557
843
789
After tax
917
943
657
711
Living cost
195
195
195
195
Free-cash
722
748
462
516

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
£554
£535
£479
£412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
9
regional
-
-
-
23
national
-
-
-
369
social contributions
-
-
-
386
total
-
-
-
787
Employee
483
-
1 500
-
social contributions
163
-
506
-
regional
6
-
20
-
municipal
3
-
8
-
national
76
-
320
-
total
248
-
854
-
Employer
483
-
1 500
-
total
-
-
-
-
Corporate
1 017
1 500
-
-
nationa
244
360
-
-
municipal
51
75
-
-
total
295
435
-
-
Dividends
723
1 065
-
-
withholding
188
277
-
-
total
188
277
-
-
Income
1 500
1 500
1 500
1 500
Total tax
731
712
854
787
After tax
769
788
646
713
Living cost
234
234
234
234
Free-cash
535
554
412
479

Estimated living cost  is £234 per week

£146
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
£776
£684
£590
£524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
150
health
-
-
-
203
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
653
Employee
378
-
1 141
-
social contributions
25
-
67
-
health
51
-
154
-
solidarity contribution
-
-
-
-
income
45
-
138
-
total
121
-
359
-
Employer
378
-
1 141
-
social contributions
94
-
257
-
health
34
-
103
-
total
128
-
360
-
Corporate
994
1 500
-
-
income
189
285
-
-
total
189
285
-
-
Dividends
805
1 215
-
-
withholding
121
182
-
-
total
121
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
559
467
719
653
After tax
941
1 033
781
847
Living cost
257
257
257
257
Free-cash
684
776
524
590

Estimated living cost  is £257 per week

£191
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
£555
£549
£494
£121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
chamber of commerce
-
-
-
6
income
-
-
-
403
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
728
Employee
380
347
1 194
-
other
4
3
10
-
health
15
13
39
-
income
34
26
321
-
pensions
39
36
104
-
unemployment
11
10
31
-
total
103
88
505
-
Employer
380
347
1 194
-
accident
5
5
13
-
other
18
16
55
-
chamber of commerce
2
1
5
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
36
-
health
14
13
38
-
total
109
99
306
-
Corporate
1 010
1 053
1 161
-
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.

253
263
290
-
total
253
263
290
-
Dividends
758
790
-
-
withholding
208
217
-
-
total
208
217
-
-
Income
1 500
1 500
1 500
1 500
Total tax
673
667
1 101
728
After tax
827
833
399
772
Living cost
278
278
278
278
Free-cash
549
555
121
494

Estimated living cost  is £278 per week

£167
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
£1303
£1281
£1363
£1078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 500
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
152
-
1 500
-
income
30
-
300
-
total
30
-
300
-
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%.

1 348
1 500
-
-
total
-
-
-
-
Dividends
1 348
1 500
-
-
withholding
67
75
-
-
total
67
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
97
75
300
15
After tax
1 403
1 425
1 200
1 485
Living cost
122
122
122
122
Free-cash
1 281
1 303
1 078
1 363

Estimated living cost  is £122 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.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£800
£726
£501
£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

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.

-
-
-
1 500
income
-
-
-
342
pensions
-
-
-
274
unemployment
-
-
-
2
health
-
-
-
148
total
-
-
-
766
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.

385
-
1 298
-
health
25
-
84
-
income
66
-
317
-
pensions
60
-
201
-
unemployment
1
-
2
-
total
152
-
604
-
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.

385
-
1 298
-
unemployment
-
-
1
-
pensions
34
-
115
-
health
26
-
86
-
total
60
-
202
-
Corporate
1 055
1 500
-
-
income
201
285
-
-
total
201
285
-
-
Dividends
855
1 215
-
-
withholding
128
182
-
-
total
128
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
541
467
806
766
After tax
959
1 033
694
734
Living cost
233
233
233
233
Free-cash
726
800
461
501

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
£537
£122
£661
£1010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
292
social contributions
-
-
-
171
total
-
-
-
463
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
202
1 500
-
-
income
44
330
-
-
total
44
330
-
-
Dividends
157
1 170
-
-
income
35
257
-
-
total
35
257
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 002
587
114
463
After tax
498
913
1 386
1 037
Living cost
376
376
376
376
Free-cash
122
537
1 010
661

Estimated living cost  is £376 per week

£244
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
£580
£572
£532
£419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
income
-
-
-
174
surtax
-
-
-
-
social contributions

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

-
-
-
521
total
-
-
-
695
Employee
400
-
1 212
-
social contributions
44
-
133
-
surtax
-
-
-
-
income
83
-
387
-
total
127
-
520
-
Employer
400
-
1 212
-
social contributions
95
-
288
-
total
95
-
288
-
Corporate
1 005
1 500
-
-
surtax
-
-
-
-
income
211
315
-
-
total
211
315
-
-
Dividends
794
1 185
-
-
withholding
222
332
-
-
total
222
332
-
-
Income
1 500
1 500
1 500
1 500
Total tax
655
647
808
695
After tax
845
853
692
805
Living cost
273
273
273
273
Free-cash
572
580
419
532

Estimated living cost  is £273 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
£336
£394
£425
£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
-
-
-
1 500
income
-
-
-
232
pensions
-
-
-
271
other
-
-
-
47
health
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
655
Employee
545
-
1 164
-
social contributions
16
-
33
-
surtax
-
-
-
-
income
48
-
224
-
pensions
62
-
80
-
total
126
-
337
-
Employer
545
-
1 164
-
other
19
-
45
-
social contributions
2
-
3
-
unemployment
22
-
47
-
pensions
90
-
134
-
health
38
-
106
-
total
171
-
335
-
Corporate
785
1 500
-
-
surtax
-
-
-
-
income
220
420
-
-
total
220
420
-
-
Dividends
565
1 080
-
-
surtax
-
-
-
-
social contributions
97
186
-
-
withholding
72
138
-
-
total
169
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
686
744
672
655
After tax
814
756
828
845
Living cost
420
420
420
420
Free-cash
394
336
408
425

Estimated living cost  is £420 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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1088
£1059
£844
£884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
64
social contributions
-
-
-
330
total
-
-
-
394
Employee
280
-
1 299
-
income
-
-
69
-
social contributions
18
-
84
-
total
18
-
153
-
Employer
280
-
1 299
-
social contributions
43
-
201
-
total
43
-
201
-
Corporate
1 177
1 500
-
-
income
118
150
-
-
total
118
150
-
-
Dividends
1 059
1 350
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
179
150
354
394
After tax
1 321
1 350
1 146
1 106
Living cost
262
262
262
262
Free-cash
1 059
1 088
884
844

Estimated living cost  is £262 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
-£397
-£397
£468
-£397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
311
pensions
-
-
-
8
national
-
-
-
175
labour market
-
-
-
119
total
-
-
-
613
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 478
1 478
1 478
613
After tax
22
22
22
887
Living cost
419
419
419
419
Free-cash
-397
-397
-397
468

Estimated living cost  is £419 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£67
£93
£838
£626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
2
income
-
-
-
414
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
474
Employee
295
-
1 349
-
health
34
-
154
-
income
40
-
315
-
pensions
33
-
66
-
total
107
-
535
-
Employer
295
-
1 349
-
accident
5
-
23
-
unemployment
7
-
33
-
pensions
48
-
95
-
total
60
-
151
-
Corporate
1 145
1 500
-
-
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.

1 030
1 350
-
-
total
1 030
1 350
-
-
Dividends
114
150
-
-
withholding
22
29
-
-
total
22
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 219
1 379
686
474
After tax
281
121
814
1 026
Living cost
188
188
188
188
Free-cash
93
-67
626
838

Estimated living cost  is £188 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
£608
£630
£639
£455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
municipal
-
-
-
266
health
-
-
-
19
national
-
-
-
242
total
-
-
-
527
Employee
458
-
1 262
-
health
3
-
16
-
municipal
75
-
206
-
pensions
31
-
85
-
unemployment
7
-
19
-
national
8
-
147
-
total
124
-
473
-
Employer
458
-
1 262
-
accident
-
-
1
-
unemployment
3
-
8
-
pensions
79
-
219
-
health
4
-
10
-
total
86
-
238
-
Corporate
956
1 500
-
-
income
191
300
-
-
total
191
300
-
-
Dividends

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

573
900
-
-
national
32
96
-
-
municipal
103
162
-
-
total
135
258
-
-
Income
1 500
1 500
1 500
1 500
Total tax
536
558
711
527
After tax
964
942
789
973
Living cost
334
334
334
334
Free-cash
630
608
455
639

Estimated living cost  is £334 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
£894
£846
£826
£812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
294
health
-
-
-
38
social contributions
-
-
-
141
total
-
-
-
473
Employee
669
669
1 399
-
social contributions
25
56
75
-
health
5
11
24
-
income
73
62
287
-
total
103
129
386
-
Employer
669
669
1 399
-
social contributions
25
56
75
-
health
6
12
26
-
total
31
68
101
-
Corporate
1 164
763
-
-
income
146
95
-
-
total
146
95
-
-
Dividends
1 019
668
-
-
withholding
173
113
-
-
total
173
113
-
-
Income
1 500
1 500
1 500
1 500
Total tax
453
405
487
473
After tax
1 047
1 095
1 013
1 027
Living cost
201
201
201
201
Free-cash
846
894
812
826

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1104
£1059
£1124
£948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 500
income
-
-
-
152
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
238
Employee

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

200
-
1 415
-
health
17
-
70
-
income
14
-
131
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
329
-
Employer

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

200
-
1 415
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
1 280
1 500
-
-
income
115
135
-
-
total
115
135
-
-
Dividends
1 165
1 365
-
-
withholding
105
123
-
-
total
105
123
-
-
Income
1 500
1 500
1 500
1 500
Total tax
303
258
414
238
After tax
1 197
1 242
1 086
1 262
Living cost
138
138
138
138
Free-cash
1 059
1 104
948
1 124

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
£761
£723
£603
£567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
7
income
-
-
-
416
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
658
Employee
322
-
1 243
-
other
-
-
1
-
income
62
-
386
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
438
-
Employer
322
-
1 243
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 076
1 500
-
-
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.

161
225
-
-
total
161
225
-
-
Dividends
914
1 275
-
-
withholding
192
275
-
-
total
192
275
-
-
Income
1 500
1 500
1 500
1 500
Total tax
538
500
694
658
After tax
962
1 000
806
842
Living cost
239
239
239
239
Free-cash
723
761
567
603

Estimated living cost  is £239 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£912
£909
£937
£935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
509
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
539
Employee
36
-
1 480
-
health
2
-
4
-
income
7
-
508
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
521
-
Employer
36
-
1 480
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 456
1 500
-
-
income
320
330
-
-
total
320
330
-
-
Dividends
1 135
1 170
-
-
withholding
227
234
-
-
total
227
234
-
-
Income
1 500
1 500
1 500
1 500
Total tax
567
564
541
539
After tax
933
936
959
961
Living cost
24
24
24
24
Free-cash
909
912
935
937

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
£934
£890
£768
£768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
income
-
-
-
339
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
582
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.

227
-
1 385
-
health
12
-
33
-
income
31
-
339
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
467
-
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.

227
-
1 385
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 232
1 500
-
-
income
185
225
-
-
total
185
225
-
-
Dividends
1 048
1 275
-
-
withholding
157
191
-
-
total
157
191
-
-
Income
1 500
1 500
1 500
1 500
Total tax
460
416
582
582
After tax
1 040
1 084
918
918
Living cost
150
150
150
150
Free-cash
890
934
768
768

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
£618
£616
£570
£457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 500
income
-
-
-
174
surtax
-
-
-
-
social contributions

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

-
-
-
521
total
-
-
-
695
Employee
338
-
1 212
-
social contributions
37
-
133
-
surtax
-
-
-
-
income
66
-
387
-
total
103
-
520
-
Employer
338
-
1 212
-
social contributions
80
-
288
-
total
80
-
288
-
Corporate
1 082
1 500
-
-
surtax
-
-
-
-
income
227
315
-
-
total
227
315
-
-
Dividends
855
1 185
-
-
withholding
239
332
-
-
total
239
332
-
-
Income
1 500
1 500
1 500
1 500
Total tax
649
647
808
695
After tax
851
853
692
805
Living cost
235
235
235
235
Free-cash
616
618
457
570

Estimated living cost  is £235 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£694
£637
£536
£500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
7
income
-
-
-
416
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
658
Employee
420
-
1 243
-
other
-
-
1
-
income
88
-
386
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
438
-
Employer
420
-
1 243
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
946
1 500
-
-
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.

142
225
-
-
total
142
225
-
-
Dividends
804
1 275
-
-
withholding
167
275
-
-
total
167
275
-
-
Income
1 500
1 500
1 500
1 500
Total tax
557
500
694
658
After tax
943
1 000
806
842
Living cost
306
306
306
306
Free-cash
637
694
500
536

Estimated living cost  is £306 per week

£220
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
£1133
£1080
£1044
£1102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
225
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
-
-
-
306
Employee
198
-
1 440
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
144
-
pensions

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

17
-
27
-
total
48
-
188
-
Employer
198
-
1 440
-
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
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 263
1 500
-
-
income
126
150
-
-
total
126
150
-
-
Dividends
1 136
1 350
-
-
withholding
57
67
-
-
total
57
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
270
217
248
306
After tax
1 230
1 283
1 252
1 194
Living cost
150
150
150
150
Free-cash
1 080
1 133
1 102
1 044

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£436
£550
£463
£620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
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.

-
-
-
460
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.

-
-
-
25
total
-
-
-
701
Employee

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

433
-
1 500
-
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
-
25
-
income

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

36
-
460
-
total
97
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 067
1 500
-
-
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
225
-
-
trade
153
215
-
-
chamber of commerce
3
4
-
-
total
325
456
-
-
Dividends
742
1 044
-
-
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
14
-
-
withholding
182
258
-
-
total
192
272
-
-
Income
1 500
1 500
1 500
1 500
Total tax
614
728
544
701
After tax
886
772
956
799
Living cost
336
336
336
336
Free-cash
550
436
620
463

Estimated living cost  is £336 per week

£232
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
£554
£574
£299
£299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
456
social contributions
-
-
-
249
total
-
-
-
705
Employee
681
-
1 500
-
income
128
-
456
-
social contributions
57
-
249
-
total
185
-
705
-
Employer
681
-
1 500
-
total
-
-
-
-
Corporate
819
1 500
-
-
income
102
187
-
-
total
102
187
-
-
Dividends
717
1 313
-
-
withholding
143
263
-
-
total
143
263
-
-
Income
1 500
1 500
1 500
1 500
Total tax
430
450
705
705
After tax
1 070
1 050
795
795
Living cost
496
496
496
496
Free-cash
574
554
299
299

Estimated living cost  is £496 per week

£377
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
£613
£644
£878
£753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
income
-
-
-
248
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
-
-
-
306
Employee
399
-
1 460
-
income
43
-
351
-
social contributions
40
-
40
-
total
83
-
391
-
Employer
399
-
1 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 061
1 500
-
-
income
371
525
-
-
total
371
525
-
-
Dividends
690
975
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 500
1 500
1 500
1 500
Total tax
540
571
431
306
After tax
960
929
1 069
1 194
Living cost
316
316
316
316
Free-cash
644
613
753
878

Estimated living cost  is £316 per week

£208
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
£662
£714
£673
£538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
425
pensions
-
-
-
78
total
-
-
-
503
Employee
445
-
1 311
-
health
6
-
19
-
income
81
-
334
-
pensions
34
-
96
-
total
121
-
449
-
Employer
445
-
1 311
-
pensions
45
-
164
-
health
8
-
25
-
total
53
-
189
-
Corporate
1 001
1 500
-
-
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.

190
285
-
-
total
190
285
-
-
Dividends
811
1 215
-
-
withholding
98
229
-
-
total
98
229
-
-
Income
1 500
1 500
1 500
1 500
Total tax
462
514
638
503
After tax
1 038
986
862
997
Living cost
324
324
324
324
Free-cash
714
662
538
673

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
-£85
£91
£820
£608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
2
income
-
-
-
414
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
474
Employee
324
-
1 349
-
health
37
-
154
-
income
44
-
315
-
pensions
36
-
66
-
total
117
-
535
-
Employer
324
-
1 349
-
accident
5
-
23
-
unemployment
8
-
33
-
pensions
53
-
95
-
total
66
-
151
-
Corporate
1 110
1 500
-
-
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.

999
1 350
-
-
total
999
1 350
-
-
Dividends
111
150
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 203
1 379
686
474
After tax
297
121
814
1 026
Living cost
206
206
206
206
Free-cash
91
-85
608
820

Estimated living cost  is £206 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
£1144
£1103
£752
£945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 500
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
247
pensions
-
-
-
256
unemployment
-
-
-
17
total
-
-
-
630
Employee

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

188
-
1 500
-
work injury
1
-
3
-
income
19
-
247
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 312
1 500
-
-
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%.

13
15
-
-
total
13
15
-
-
Dividends
1 299
1 485
-
-
withholding
195
223
-
-
total
195
223
-
-
Income
1 500
1 500
1 500
1 500
Total tax
279
238
437
630
After tax
1 221
1 262
1 063
870
Living cost
118
118
118
118
Free-cash
1 103
1 144
945
752

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£443
£404
£354
£288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
10
regional
-
-
-
34
national
-
-
-
369
social contributions
-
-
-
386
total
-
-
-
799
Employee
733
-
1 500
-
social contributions
247
-
506
-
regional
11
-
30
-
municipal
4
-
9
-
national
124
-
320
-
total
386
-
865
-
Employer
733
-
1 500
-
total
-
-
-
-
Corporate
767
1 500
-
-
nationa
184
360
-
-
municipal
37
72
-
-
total
221
432
-
-
Dividends
546
1 068
-
-
withholding
142
278
-
-
total
142
278
-
-
Income
1 500
1 500
1 500
1 500
Total tax
749
710
865
799
After tax
751
790
635
701
Living cost
347
347
347
347
Free-cash
404
443
288
354

Estimated living cost  is £347 per week

£244
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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