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
£ 1550
per

Your estimated
City
free-cash

Valencia , Spain
£586
£624
£788
£747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
431
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
235
other
-
-
-
1
total
-
-
-
680
Employee
331
-
1 285
-
other
-
-
1
-
income
64
-
400
-
unemployment
5
-
13
-
pensions
16
-
39
-
total
85
-
453
-
Employer
331
-
1 285
-
unemployment
18
-
46
-
pensions
78
-
196
-
other
3
-
7
-
accident
7
-
16
-
total
106
-
265
-
Corporate
1 113
1 550
-
-
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.

167
232
-
-
total
167
232
-
-
Dividends
946
1 318
-
-
withholding
199
284
-
-
total
199
284
-
-
Income
1 550
1 550
1 550
1 550
Total tax
557
516
718
680
After tax
993
1 034
832
870
Living cost
246
246
246
246
Free-cash
747
788
586
624

Estimated living cost  is £246 per week

£166
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.
£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
Bratislava , Slovakia
£642
£622
£900
£839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
237
health
-
-
-
60
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.

-
-
-
327
other
-
-
-
65
total
-
-
-
689
Employee
325
-
1 238
-
income
56
-
242
-
health
5
-
17
-
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.

23
-
87
-
total
87
-
358
-
Employer
325
-
1 238
-
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.

55
-
210
-
other
16
-
62
-
accident
3
-
10
-
health
5
-
17
-
total
82
-
311
-
Corporate
1 143
1 550
-
-
income
240
325
-
-
total
240
325
-
-
Dividends
903
1 225
-
-
withholding
63
86
-
-
total
63
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
472
411
669
689
After tax
1 078
1 139
881
861
Living cost
239
239
239
239
Free-cash
839
900
642
622

Estimated living cost  is £239 per week

£169
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£1177
£1116
£1207
£1165
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
233
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
316
Employee
156
-
1 489
-
income
16
-
149
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
total
39
-
193
-
Employer
156
-
1 489
-
unemployment
1
-
2
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
62
-
Corporate
1 364
1 550
-
-
income
136
155
-
-
total
136
155
-
-
Dividends
1 227
1 395
-
-
withholding
61
70
-
-
total
61
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
267
225
255
316
After tax
1 283
1 325
1 295
1 234
Living cost
118
118
118
118
Free-cash
1 165
1 207
1 177
1 116

Estimated living cost  is £118 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£548
£567
£474
£527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
240
social contributions
-
-
-
44
health
-
-
-
65
surtax
-
-
-
-
pensions
-
-
-
279
other
-
-
-
48
total
-
-
-
676
Employee
384
-
1 203
-
income
23
-
231
-
social contributions
11
-
34
-
surtax
-
-
-
-
pensions
43
-
82
-
total
77
-
347
-
Employer
384
-
1 203
-
unemployment
16
-
49
-
social contributions
1
-
4
-
pensions
63
-
139
-
other
13
-
46
-
health
27
-
110
-
total
120
-
348
-
Corporate
1 047
1 550
-
-
income
293
434
-
-
surtax
-
-
-
-
total
293
434
-
-
Dividends
754
1 116
-
-
withholding
96
143
-
-
surtax
-
-
-
-
social contributions
130
192
-
-
total
226
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
716
769
695
676
After tax
834
781
855
874
Living cost
307
307
307
307
Free-cash
527
474
548
567

Estimated living cost  is £307 per week

£193
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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£591
£483
£392
£338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
477
health
-
-
-
110
pensions
-
-
-
105
total
-
-
-
692
Employee
765
765
1 383
-
income

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

125
125
203
-
health
117
100
110
-
pensions
138
105
105
-
total
380
330
418
-
Employer
765
765
1 383
-
unemployment
28
28
34
-
pensions
53
53
66
-
health
53
53
66
-
total
134
134
166
-
Corporate
660
651
-
-
income
132
130
-
-
total
132
130
-
-
Dividends
528
521
-
-
withholding
79
78
-
-
income
112
111
-
-
total
191
189
-
-
Income
1 550
1 550
1 550
1 550
Total tax
837
783
584
692
After tax
713
767
966
858
Living cost
375
375
375
375
Free-cash
338
392
591
483

Estimated living cost  is £375 per week

£266
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.
£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
Dresden , Germany
£716
£537
£511
£610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
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.

-
-
-
476
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.

-
-
-
61
trade
-
-
-
179
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.

-
-
-
26
total
-
-
-
742
Employee

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

343
-
1 550
-
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.

10
-
476
-
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.

61
-
61
-
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
-
26
-
total
72
-
563
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 207
1 550
-
-
chamber of commerce
3
4
-
-
income
181
232
-
-
surtax

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

10
13
-
-
trade
190
244
-
-
total
384
493
-
-
Dividends
823
1 057
-
-
withholding
202
261
-
-
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
-
-
total
213
275
-
-
Income
1 550
1 550
1 550
1 550
Total tax
669
768
563
742
After tax
881
782
987
808
Living cost
271
271
271
271
Free-cash
610
511
716
537

Estimated living cost  is £271 per week

£171
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£840
£853
£923
£875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
305
social contributions
-
-
-
145
health
-
-
-
40
total
-
-
-
490
Employee
689
689
1 446
-
income
75
64
297
-
social contributions
26
57
77
-
health
5
12
25
-
total
106
133
399
-
Employer
689
689
1 446
-
social contributions
26
57
77
-
health
6
13
27
-
total
32
70
104
-
Corporate
1 204
791
-
-
income
151
99
-
-
total
151
99
-
-
Dividends
1 054
692
-
-
withholding
179
118
-
-
total
179
118
-
-
Income
1 550
1 550
1 550
1 550
Total tax
468
420
503
490
After tax
1 082
1 130
1 047
1 060
Living cost
207
207
207
207
Free-cash
875
923
840
853

Estimated living cost  is £207 per week

£124
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.
£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
Lisbon , Portugal
£434
£550
£601
£592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
income
-
-
-
180
social contributions

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

-
-
-
539
surtax
-
-
-
-
total
-
-
-
719
Employee
412
-
1 253
-
income
86
-
400
-
social contributions
45
-
138
-
surtax
-
-
-
-
total
131
-
538
-
Employer
412
-
1 253
-
social contributions
98
-
297
-
total
98
-
297
-
Corporate
1 040
1 550
-
-
income
218
325
-
-
surtax
-
-
-
-
total
218
325
-
-
Dividends
822
1 225
-
-
withholding
230
343
-
-
total
230
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
677
668
835
719
After tax
873
882
715
831
Living cost
281
281
281
281
Free-cash
592
601
434
550

Estimated living cost  is £281 per week

£210
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£1173
£1467
£1406
£1393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
84
-
1 550
-
income
17
-
310
-
total
17
-
310
-
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%.

1 466
1 550
-
-
total
-
-
-
-
Dividends
1 466
1 550
-
-
withholding
73
77
-
-
total
73
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
90
77
310
16
After tax
1 460
1 473
1 240
1 534
Living cost
67
67
67
67
Free-cash
1 393
1 406
1 173
1 467

Estimated living cost  is £67 per week

£42
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Ljubljana , Slovenia
£477
£518
£828
£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

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.

-
-
-
1 550
income
-
-
-
354
health
-
-
-
153
unemployment
-
-
-
2
pensions
-
-
-
283
total
-
-
-
792
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.

396
-
1 341
-
income
68
-
327
-
health
26
-
87
-
unemployment
1
-
2
-
pensions
61
-
208
-
total
156
-
624
-
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.

396
-
1 341
-
unemployment
-
-
1
-
pensions
35
-
119
-
health
26
-
89
-
total
61
-
209
-
Corporate
1 092
1 550
-
-
income
207
294
-
-
total
207
294
-
-
Dividends
885
1 256
-
-
withholding
133
188
-
-
total
133
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
557
482
833
792
After tax
993
1 068
717
758
Living cost
240
240
240
240
Free-cash
753
828
477
518

Estimated living cost  is £240 per week

£165
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£779
£911
£636
£667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
income
-
-
-
255
health

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

-
-
-
59
total
-
-
-
314
Employee
411
-
1 509
-
social contributions
41
-
41
-
income
45
-
364
-
total
86
-
405
-
Employer
411
-
1 509
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 098
1 550
-
-
income
384
542
-
-
total
384
542
-
-
Dividends
714
1 008
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 550
1 550
1 550
1 550
Total tax
558
589
446
314
After tax
992
961
1 104
1 236
Living cost
325
325
325
325
Free-cash
667
636
779
911

Estimated living cost  is £325 per week

£214
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.
£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
Vilnius , Lithuania
£774
£806
£756
£760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
232
social contributions
-
-
-
214
health
-
-
-
108
total
-
-
-
554
Employee
304
-
1 550
-
income
51
-
264
-
social contributions
42
-
214
-
health
21
-
108
-
total
114
-
586
-
Employer
304
-
1 550
-
total
-
-
-
-
Corporate
1 246
1 550
-
-
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%.

62
77
-
-
total
62
77
-
-
Dividends
1 184
1 473
-
-
withholding
178
221
-
-
health
83
103
-
-
social contributions
163
203
-
-
total
424
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
600
604
586
554
After tax
950
946
964
996
Living cost
190
190
190
190
Free-cash
760
756
774
806

Estimated living cost  is £190 per week

£127
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.
£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
Prague , Czech Republic
£578
£645
£822
£734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
158
social contributions
-
-
-
287
solidarity contribution
-
-
-
5
health
-
-
-
209
total
-
-
-
659
Employee
361
-
1 197
-
solidarity contribution
-
-
-
-
income
43
-
146
-
social contributions
23
-
64
-
health
49
-
162
-
total
115
-
372
-
Employer
361
-
1 197
-
social contributions
90
-
246
-
health
33
-
108
-
total
123
-
354
-
Corporate
1 066
1 550
-
-
income
203
294
-
-
total
203
294
-
-
Dividends
863
1 256
-
-
withholding
129
188
-
-
total
129
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
570
482
726
659
After tax
980
1 068
824
891
Living cost
246
246
246
246
Free-cash
734
822
578
645

Estimated living cost  is £246 per week

£183
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.
£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
Tbilisi , Georgia
£1136
£1430
£1369
£1349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
131
-
1 550
-
income
26
-
310
-
total
26
-
310
-
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%.

1 419
1 550
-
-
total
-
-
-
-
Dividends
1 419
1 550
-
-
withholding
71
77
-
-
total
71
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
97
77
310
16
After tax
1 453
1 473
1 240
1 534
Living cost
104
104
104
104
Free-cash
1 349
1 369
1 136
1 430

Estimated living cost  is £104 per week

£71
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
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.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Paris , France
£422
£441
£348
£410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
240
social contributions
-
-
-
44
health
-
-
-
65
surtax
-
-
-
-
pensions
-
-
-
279
other
-
-
-
48
total
-
-
-
676
Employee
561
-
1 203
-
income
49
-
231
-
social contributions
16
-
34
-
surtax
-
-
-
-
pensions
63
-
82
-
total
128
-
347
-
Employer
561
-
1 203
-
unemployment
23
-
49
-
social contributions
2
-
4
-
pensions
92
-
139
-
other
19
-
46
-
health
39
-
110
-
total
175
-
348
-
Corporate
813
1 550
-
-
income
228
434
-
-
surtax
-
-
-
-
total
228
434
-
-
Dividends
586
1 116
-
-
withholding
75
143
-
-
surtax
-
-
-
-
social contributions
101
192
-
-
total
176
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
707
769
695
676
After tax
843
781
855
874
Living cost
433
433
433
433
Free-cash
410
348
422
441

Estimated living cost  is £433 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£797
£796
£965
£921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
income
-
-
-
350
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
172
total
-
-
-
600
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.

233
-
1 432
-
income
32
-
350
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
92
-
total
79
-
481
-
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.

233
-
1 432
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
1 275
1 550
-
-
income
191
233
-
-
total
191
233
-
-
Dividends
1 084
1 317
-
-
withholding
163
198
-
-
total
163
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
475
431
599
600
After tax
1 075
1 119
951
950
Living cost
154
154
154
154
Free-cash
921
965
797
796

Estimated living cost  is £154 per week

£104
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.
£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
Zurich , Switzerland
£551
£620
£82
£349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
regional
-
-
-
80
national
-
-
-
31
health
-
-
-
3
city
-
-
-
16
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.

-
-
-
31
pensions
-
-
-
143
total
-
-
-
304
Employee
732
-
1 388
-
regional
24
-
69
-
city
8
-
15
-
health
2
-
3
-
unemployment
-
-
-
-
national
3
-
23
-
pensions
62
-
116
-
total
99
-
226
-
Employer
732
-
1 388
-
unemployment
-
-
-
-
pensions
62
-
116
-
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
-
28
-
health
2
-
3
-
total
79
-
147
-
Corporate
732
1 550
-
-
regional
155
328
-
-
national
62
132
-
-
total
217
460
-
-
Dividends
515
1 090
-
-
withholding
180
382
-
-
total
180
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
575
842
373
304
After tax
975
708
1 177
1 246
Living cost
626
626
626
626
Free-cash
349
82
551
620

Estimated living cost  is £626 per week

£407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
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.
£155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
£472
£660
£629
£650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 550
municipal
-
-
-
275
national
-
-
-
251
health
-
-
-
20
total
-
-
-
546
Employee
471
-
1 304
-
health
4
-
16
-
unemployment
7
-
20
-
national
8
-
153
-
municipal
77
-
212
-
pensions
32
-
88
-
total
128
-
489
-
Employer
471
-
1 304
-
unemployment
3
-
8
-
pensions
82
-
226
-
accident
-
-
1
-
health
4
-
10
-
total
89
-
245
-
Corporate
990
1 550
-
-
income
198
310
-
-
total
198
310
-
-
Dividends

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

594
930
-
-
national
34
100
-
-
municipal
107
167
-
-
total
141
267
-
-
Income
1 550
1 550
1 550
1 550
Total tax
556
577
734
546
After tax
994
973
816
1 004
Living cost
344
344
344
344
Free-cash
650
629
472
660

Estimated living cost  is £344 per week

£225
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.
£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

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.

Brussels , Belgium
£220
£345
£540
£407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
national
-
-
-
575
social contributions
-
-
-
223
communal

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

-
-
-
80
total
-
-
-
878
Employee

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

641
-
1 201
-
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.

30
-
56
-
communal

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

33
-
63
-
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.

6
-
10
-
national
197
-
434
-
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.

48
-
90
-
total
314
-
653
-
Employer

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

641
-
1 201
-
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
-
18
-
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.

57
-
106
-
surtax
73
-
136
-
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
-
16
-
health

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

39
-
74
-
total
186
-
350
-
Corporate
722
1 550
-
-
income
144
310
-
-
surtax
3
6
-
-
total
147
316
-
-
Dividends
575
1 234
-
-
withholding

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

169
367
-
-
total
169
367
-
-
Income
1 550
1 550
1 550
1 550
Total tax
816
683
1 003
878
After tax
734
867
547
672
Living cost
327
327
327
327
Free-cash
407
540
220
345

Estimated living cost  is £327 per week

£210
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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£422
£430
£476
£470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
392
national
-
-
-
122
health
-
-
-
51
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
88
other
-
-
-
94
total
-
-
-
750
Employee
528
-
1 295
-
national
-
-
117
-
municipal
157
-
386
-
total
157
-
503
-
Employer
528
-
1 295
-
unemployment
14
-
21
-
pensions
57
-
88
-
other
61
-
94
-
accident
1
-
2
-
health
32
-
50
-
total
165
-
255
-
Corporate
856
1 550
-
-
income
188
341
-
-
total
188
341
-
-
Dividends
668
1 209
-
-
withholding
200
363
-
-
total
200
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
710
704
758
750
After tax
840
846
792
800
Living cost
370
370
370
370
Free-cash
470
476
422
430

Estimated living cost  is £370 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£1015
£661
£533
£81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
302
social contributions
-
-
-
177
total
-
-
-
479
Employee
588
-
-
-
income
130
-
-
-
social contributions
48
-
7
-
total
178
-
7
-
Employer
588
-
-
-
social contributions
829
-
118
-
total
829
-
118
-
Corporate
133
1 550
-
-
income
29
341
-
-
total
29
341
-
-
Dividends
104
1 209
-
-
income
23
266
-
-
total
23
266
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 059
607
125
479
After tax
491
943
1 425
1 071
Living cost
410
410
410
410
Free-cash
81
533
1 015
661

Estimated living cost  is £410 per week

£266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£756
£769
£839
£805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
305
social contributions
-
-
-
145
health
-
-
-
40
total
-
-
-
490
Employee
689
689
1 446
-
income
72
64
297
-
social contributions
33
57
77
-
health
7
12
25
-
total
112
133
399
-
Employer
689
689
1 446
-
social contributions
33
57
77
-
health
7
13
27
-
total
40
70
104
-
Corporate
1 106
791
-
-
income
138
99
-
-
total
138
99
-
-
Dividends
967
692
-
-
withholding
164
118
-
-
total
164
118
-
-
Income
1 550
1 550
1 550
1 550
Total tax
454
420
503
490
After tax
1 096
1 130
1 047
1 060
Living cost
291
291
291
291
Free-cash
805
839
756
769

Estimated living cost  is £291 per week

£199
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£562
£703
£690
£741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
444
pensions
-
-
-
79
total
-
-
-
523
Employee
445
-
1 354
-
income
81
-
351
-
health
6
-
20
-
pensions
34
-
97
-
total
121
-
468
-
Employer
445
-
1 354
-
pensions
45
-
170
-
health
8
-
26
-
total
53
-
196
-
Corporate
1 051
1 550
-
-
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.

200
294
-
-
total
200
294
-
-
Dividends
852
1 256
-
-
withholding
111
242
-
-
total
111
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
485
536
664
523
After tax
1 065
1 014
886
1 027
Living cost
324
324
324
324
Free-cash
741
690
562
703

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.

Rome , Italy
£299
£368
£459
£418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
10
regional
-
-
-
35
national
-
-
-
381
social contributions
-
-
-
399
total
-
-
-
825
Employee
755
-
1 550
-
regional
11
-
31
-
social contributions
255
-
523
-
national
128
-
331
-
municipal
5
-
9
-
total
399
-
894
-
Employer
755
-
1 550
-
total
-
-
-
-
Corporate
795
1 550
-
-
nationa
191
372
-
-
municipal
38
75
-
-
total
229
447
-
-
Dividends
566
1 103
-
-
withholding
147
287
-
-
total
147
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
775
734
894
825
After tax
775
816
656
725
Living cost
357
357
357
357
Free-cash
418
459
299
368

Estimated living cost  is £357 per week

£251
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£657
£873
-£61
£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
431
health
-
-
-
19
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
490
Employee
294
-
1 399
-
income
40
-
330
-
health
34
-
160
-
pensions
33
-
65
-
total
107
-
555
-
Employer
294
-
1 399
-
unemployment
7
-
34
-
pensions
48
-
94
-
accident
5
-
23
-
total
60
-
151
-
Corporate
1 196
1 550
-
-
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.

1 076
1 395
-
-
total
1 076
1 395
-
-
Dividends
120
155
-
-
withholding
23
29
-
-
total
23
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 266
1 424
706
490
After tax
284
126
844
1 060
Living cost
187
187
187
187
Free-cash
97
-61
657
873

Estimated living cost  is £187 per week

£137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£641
£478
£452
£569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
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.

-
-
-
476
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.

-
-
-
61
trade
-
-
-
163
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.

-
-
-
26
total
-
-
-
726
Employee

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

446
-
1 550
-
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.

37
-
476
-
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.

61
-
61
-
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
-
26
-
total
100
-
563
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 104
1 550
-
-
chamber of commerce
3
4
-
-
income
166
232
-
-
surtax

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

9
13
-
-
trade
158
222
-
-
total
336
471
-
-
Dividends
768
1 079
-
-
withholding
189
266
-
-
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
15
-
-
total
199
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
635
752
563
726
After tax
915
798
987
824
Living cost
346
346
346
346
Free-cash
569
452
641
478

Estimated living cost  is £346 per week

£239
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.
£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.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Riga , Latvia
£462
£347
£1054
£980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
microenterprise
-
-
-
-
income
-
-
-
279
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.

-
-
-
343
surtax
-
-
-
395
total
-
-
-
1 017
Employee
262
-
1 165
-
income
47
-
231
-
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.

29
-
117
-
surtax
-
-
169
-
total
76
-
517
-
Employer
262
-
1 165
-
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.

63
-
257
-
surtax
-
-
128
-
total
63
-
385
-
Corporate
1 225
1 550
-
-
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%.

245
310
-
-
total
245
310
-
-
Dividends

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

980
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
384
310
902
1 017
After tax
1 166
1 240
648
533
Living cost
186
186
186
186
Free-cash
980
1 054
462
347

Estimated living cost  is £186 per week

£119
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£817
£824
£851
£832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
465
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
610
Employee
176
-
1 455
-
income
34
-
460
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
523
-
Employer
176
-
1 455
-
unemployment
4
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
40
-
94
-
Corporate
1 334
1 550
-
-
income
293
341
-
-
total
293
341
-
-
Dividends
1 041
1 209
-
-
withholding
208
242
-
-
total
208
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
602
583
617
610
After tax
948
967
933
940
Living cost
116
116
116
116
Free-cash
832
851
817
824

Estimated living cost  is £116 per week

£69
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£480
£533
£774
£744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
425
health
-
-
-
85
unemployment
-
-
-
2
surtax
-
-
-
65
pensions
-
-
-
239
other
-
-
-
-
total
-
-
-
816
Employee
302
-
1 298
-
other
-
-
-
-
income
51
-
371
-
health
8
-
30
-
unemployment
21
-
83
-
surtax
1
-
54
-
pensions
20
-
80
-
total
101
-
618
-
Employer
302
-
1 298
-
unemployment
10
-
38
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
total
64
-
251
-
Corporate
1 185
1 550
-
-
income
308
403
-
-
total
308
403
-
-
Dividends
877
1 147
-
-
withholding
132
172
-
-
total
132
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
605
575
869
816
After tax
945
975
681
734
Living cost
201
201
201
201
Free-cash
744
774
480
533

Estimated living cost  is £201 per week

£122
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.
£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
Graz , Austria
£127
£511
£570
£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
-
-
-
1 550
income
-
-
-
418
chamber of commerce
-
-
-
6
health
-
-
-
80
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
194
total
-
-
-
753
Employee
392
357
1 235
-
other
4
4
10
-
income
35
26
333
-
health
15
14
41
-
unemployment
12
11
31
-
pensions
40
37
107
-
total
106
92
522
-
Employer
392
357
1 235
-
unemployment
12
11
31
-
chamber of commerce
2
1
5
-
pensions
49
45
131
-
payroll