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

Dresden , Germany
£517
£614
£539
£719
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
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.

-
-
-
480
health

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

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

-
-
-
60
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
-
-
-
746
Employee

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

334
-
1 550
-
health

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

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

60
-
60
-
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
-
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
-
480
-
total
70
-
566
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 216
1 550
-
-
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
-
-
income
182
232
-
-
trade
191
244
-
-
chamber of commerce
3
4
-
-
total
386
493
-
-
Dividends
829
1 057
-
-
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
204
261
-
-
total
215
275
-
-
Income
1 550
1 550
1 550
1 550
Total tax
671
768
566
746
After tax
879
782
984
804
Living cost
265
265
265
265
Free-cash
614
517
719
539

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£526
£519
£471
£480
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
-
-
-
170
pensions
-
-
-
186
national
-
-
-
265
social contributions
-
-
-
17
total
-
-
-
638
Employee
684
-
1 340
-
municipal
84
-
176
-
pensions
27
-
54
-
national
131
-
278
-
total
242
-
508
-
Employer
684
-
1 340
-
social contributions
7
-
14
-
pensions
55
-
107
-
total
62
-
121
-
Corporate
759
1 550
-
-
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%.

152
310
-
-
total
152
310
-
-
Dividends
607
1 240
-
-
withholding
134
273
-
-
total
134
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
590
583
629
638
After tax
960
967
921
912
Living cost
441
441
441
441
Free-cash
519
526
480
471

Estimated living cost  is £441 per week

£300
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1058
£986
£354
£469
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
-
-
-
284
surtax
-
-
-
395
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.

-
-
-
335
total
-
-
-
1 014
Employee
255
-
1 170
-
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
-
115
-
surtax
-
-
170
-
income
45
-
234
-
total
73
-
519
-
Employer
255
-
1 170
-
social contributions

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

62
-
251
-
surtax
-
-
129
-
total
62
-
380
-
Corporate
1 233
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%.

247
310
-
-
total
247
310
-
-
Dividends

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

986
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
382
310
899
1 014
After tax
1 168
1 240
651
536
Living cost
182
182
182
182
Free-cash
986
1 058
469
354

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£402
£348
£489
£604
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
-
-
-
485
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
695
Employee
747
747
1 388
-
health
115
97
108
-
income

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

122
122
208
-
pensions
134
102
102
-
total
371
321
418
-
Employer
747
747
1 388
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
64
-
total
131
131
162
-
Corporate
682
673
-
-
income
136
135
-
-
total
136
135
-
-
Dividends
545
538
-
-
income
116
114
-
-
withholding
82
81
-
-
total
198
195
-
-
Income
1 550
1 550
1 550
1 550
Total tax
836
782
580
695
After tax
714
768
970
855
Living cost
366
366
366
366
Free-cash
348
402
604
489

Estimated living cost  is £366 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£507
£500
£455
£446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
398
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
144
total
-
-
-
756
Employee
483
-
1 316
-
municipal
144
-
393
-
national
-
-
139
-
total
144
-
532
-
Employer
483
-
1 316
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
20
-
pensions
52
-
80
-
health
30
-
46
-
total
152
-
233
-
Corporate
915
1 550
-
-
income
201
341
-
-
total
201
341
-
-
Dividends
714
1 209
-
-
withholding
214
363
-
-
total
214
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
711
704
765
756
After tax
839
846
785
794
Living cost
339
339
339
339
Free-cash
500
507
446
455

Estimated living cost  is £339 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.
£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

Source of data for Stockholm model

Close
Hamburg , Germany
£431
£554
£453
£641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
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.

-
-
-
480
health

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

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

-
-
-
60
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
-
-
-
754
Employee

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

443
-
1 550
-
health

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

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

60
-
60
-
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
-
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
-
480
-
total
100
-
566
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 107
1 550
-
-
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
-
-
income
166
232
-
-
trade
182
255
-
-
chamber of commerce
3
4
-
-
total
360
504
-
-
Dividends
747
1 046
-
-
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
183
258
-
-
total
193
272
-
-
Income
1 550
1 550
1 550
1 550
Total tax
653
776
566
754
After tax
897
774
984
796
Living cost
343
343
343
343
Free-cash
554
431
641
453

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£848
£809
£775
£761
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
-
-
-
310
health
-
-
-
40
social contributions
-
-
-
141
total
-
-
-
491
Employee
672
672
1 448
-
social contributions
33
56
75
-
health
7
11
25
-
income
71
62
303
-
total
111
129
403
-
Employer
672
672
1 448
-
social contributions
33
56
75
-
health
7
12
27
-
total
40
68
102
-
Corporate
1 117
809
-
-
income
140
101
-
-
total
140
101
-
-
Dividends
977
708
-
-
withholding
166
120
-
-
total
166
120
-
-
Income
1 550
1 550
1 550
1 550
Total tax
457
418
505
491
After tax
1 093
1 132
1 045
1 059
Living cost
284
284
284
284
Free-cash
809
848
761
775

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£712
£715
£916
£739
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
-
-
-
189
pensions
-
-
-
155
unemployment
-
-
-
23
health
-
-
-
108
total
-
-
-
475
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.

229
91
1 297
-
health
16
6
91
-
income
28
11
159
-
pensions
23
9
130
-
unemployment
3
1
19
-
total
70
27
399
-
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.

229
91
1 297
-
pensions
45
18
253
-
total
45
18
253
-
Corporate
1 276
1 441
-
-
income
115
130
-
-
total
115
130
-
-
Dividends
1 161
1 311
-
-
social contributions
225
255
-
-
withholding
221
249
-
-
total
446
504
-
-
Income
1 550
1 550
1 550
1 550
Total tax
676
679
652
475
After tax
874
871
898
1 075
Living cost
159
159
159
159
Free-cash
715
712
739
916

Estimated living cost  is £159 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
£1029
£974
£619
£682
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
-
-
-
208
pensions
-
-
-
310
health
-
-
-
202
total
-
-
-
720
Employee
248
-
1 158
-
income
28
-
223
-
pensions
5
-
23
-
unemployment
4
-
19
-
total
37
-
265
-
Employer
248
-
1 158
-
unemployment
2
-
9
-
pensions
50
-
232
-
health
32
-
151
-
total
84
-
392
-
Corporate
1 218
1 550
-
-
income
244
310
-
-
total
244
310
-
-
Dividends
975
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
365
310
657
720
After tax
1 185
1 240
893
830
Living cost
211
211
211
211
Free-cash
974
1 029
682
619

Estimated living cost  is £211 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£66
£96
£868
£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
-
-
-
1 550
accident
-
-
-
2
income
-
-
-
430
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
490
Employee
302
-
1 396
-
health
35
-
160
-
income
41
-
328
-
pensions
34
-
67
-
total
110
-
555
-
Employer
302
-
1 396
-
accident
5
-
23
-
unemployment
7
-
34
-
pensions
49
-
96
-
total
61
-
153
-
Corporate
1 187
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.

1 068
1 395
-
-
total
1 068
1 395
-
-
Dividends
119
155
-
-
withholding
23
29
-
-
total
23
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 262
1 424
708
490
After tax
288
126
842
1 060
Living cost
192
192
192
192
Free-cash
96
-66
650
868

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1394
£1378
£1455
£1161
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
99
-
1 550
-
income
20
-
310
-
total
20
-
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%.

1 451
1 550
-
-
total
-
-
-
-
Dividends
1 451
1 550
-
-
withholding
73
77
-
-
total
73
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
93
77
310
16
After tax
1 457
1 473
1 240
1 534
Living cost
79
79
79
79
Free-cash
1 378
1 394
1 161
1 455

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£906
£847
£636
£647
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
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.

-
-
-
319
other
-
-
-
63
health
-
-
-
59
total
-
-
-
681
Employee
317
-
1 238
-
health
4
-
17
-
income
55
-
243
-
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
-
87
-
unemployment
3
-
12
-
total
84
-
359
-
Employer
317
-
1 238
-
accident
3
-
10
-
other
16
-
62
-
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
-
210
-
health
4
-
17
-
total
80
-
311
-
Corporate
1 153
1 550
-
-
income
242
325
-
-
total
242
325
-
-
Dividends
911
1 225
-
-
withholding
64
86
-
-
total
64
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
470
411
670
681
After tax
1 080
1 139
880
869
Living cost
233
233
233
233
Free-cash
847
906
647
636

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£430
£456
£443
£302
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
826
-
1 354
-
health
14
-
20
-
income
149
-
351
-
pensions
80
-
97
-
total
243
-
468
-
Employer
826
-
1 354
-
pensions
98
-
170
-
health
16
-
26
-
total
114
-
196
-
Corporate
610
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.

116
294
-
-
total
116
294
-
-
Dividends
494
1 256
-
-
withholding
37
242
-
-
total
37
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
510
536
664
523
After tax
1 040
1 014
886
1 027
Living cost
584
584
584
584
Free-cash
456
430
302
443

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
£1210
£1169
£1121
£1182
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
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
-
-
-
314
Employee
152
-
1 490
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
149
-
pensions

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

13
-
27
-
total
37
-
193
-
Employer
152
-
1 490
-
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
1 368
1 550
-
-
income
137
155
-
-
total
137
155
-
-
Dividends
1 232
1 395
-
-
withholding
62
70
-
-
total
62
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
266
225
253
314
After tax
1 284
1 325
1 297
1 236
Living cost
115
115
115
115
Free-cash
1 169
1 210
1 182
1 121

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£283
£306
£370
£485
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
-
-
-
485
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
695
Employee
811
747
1 388
-
health
101
97
108
-
income

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

122
122
208
-
pensions
102
102
102
-
total
325
321
418
-
Employer
811
747
1 388
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
64
-
total
141
131
162
-
Corporate
597
673
-
-
income
119
135
-
-
total
119
135
-
-
Dividends
478
538
-
-
income
102
114
-
-
withholding
72
81
-
-
total
174
195
-
-
Income
1 550
1 550
1 550
1 550
Total tax
759
782
580
695
After tax
791
768
970
855
Living cost
485
485
485
485
Free-cash
306
283
485
370

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£859
£783
£674
£605
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
-
-
-
156
health
-
-
-
209
solidarity contribution
-
-
-
1
social contributions
-
-
-
301
total
-
-
-
667
Employee
307
-
1 186
-
social contributions
20
-
67
-
health
42
-
160
-
solidarity contribution
-
-
-
-
income
37
-
144
-
total
99
-
371
-
Employer
307
-
1 186
-
social contributions
77
-
258
-
health
28
-
107
-
total
105
-
365
-
Corporate
1 138
1 550
-
-
income
216
294
-
-
total
216
294
-
-
Dividends
922
1 256
-
-
withholding
138
188
-
-
total
138
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
558
482
736
667
After tax
992
1 068
814
883
Living cost
209
209
209
209
Free-cash
783
859
605
674

Estimated living cost  is £209 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
£458
£412
£371
£301
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
-
-
-
9
regional
-
-
-
18
national
-
-
-
384
social contributions
-
-
-
399
total
-
-
-
810
Employee
777
-
1 550
-
social contributions
262
-
523
-
regional
7
-
16
-
municipal
4
-
8
-
national
135
-
333
-
total
408
-
880
-
Employer
777
-
1 550
-
total
-
-
-
-
Corporate
773
1 550
-
-
nationa
186
372
-
-
municipal
30
60
-
-
total
216
432
-
-
Dividends
557
1 118
-
-
withholding
145
291
-
-
total
145
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
769
723
880
810
After tax
781
827
670
740
Living cost
369
369
369
369
Free-cash
412
458
301
371

Estimated living cost  is £369 per week

£257
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
£782
£756
£540
£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
-
-
-
1 550
income
-
-
-
432
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
67
total
-
-
-
817
Employee
289
-
1 304
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
56
-
income
48
-
379
-
pensions
19
-
78
-
unemployment
20
-
81
-
total
95
-
624
-
Employer
289
-
1 304
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 200
1 550
-
-
income
312
403
-
-
total
312
403
-
-
Dividends
888
1 147
-
-
withholding
133
172
-
-
total
133
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
601
575
870
817
After tax
949
975
680
733
Living cost
193
193
193
193
Free-cash
756
782
487
540

Estimated living cost  is £193 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£615
£671
£628
£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
-
-
-
1 550
income
-
-
-
444
pensions
-
-
-
79
total
-
-
-
523
Employee
554
-
1 354
-
health
8
-
20
-
income
100
-
351
-
pensions
47
-
97
-
total
155
-
468
-
Employer
554
-
1 354
-
pensions
60
-
170
-
health
11
-
26
-
total
71
-
196
-
Corporate
926
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.

176
294
-
-
total
176
294
-
-
Dividends
750
1 256
-
-
withholding
78
242
-
-
total
78
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
480
536
664
523
After tax
1 070
1 014
886
1 027
Living cost
399
399
399
399
Free-cash
671
615
487
628

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
£43
£328
£588
£515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
city
-
-
-
16
pensions
-
-
-
143
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
regional
-
-
-
77
health
-
-
-
3
national
-
-
-
27
total
-
-
-
297
Employee
778
-
1 387
-
city
8
-
15
-
regional
25
-
67
-
health
2
-
3
-
pensions
65
-
117
-
unemployment
-
-
-
-
national
4
-
20
-
total
104
-
222
-
Employer
778
-
1 387
-
other

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

16
-
28
-
unemployment
-
-
-
-
pensions
65
-
117
-
health
2
-
3
-
total
83
-
148
-
Corporate
681
1 550
-
-
regional
144
328
-
-
national
58
132
-
-
total
202
460
-
-
Dividends
479
1 090
-
-
withholding
168
382
-
-
total
168
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
557
842
370
297
After tax
993
708
1 180
1 253
Living cost
665
665
665
665
Free-cash
328
43
515
588

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
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.
£165
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
£364
£506
£387
£583
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
trade
-
-
-
196
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.

-
-
-
480
health

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

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

-
-
-
60
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
-
-
-
762
Employee

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

525
-
1 550
-
health

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

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

60
-
60
-
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
-
26
-
income

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

62
-
480
-
total
125
-
566
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 025
1 550
-
-
surtax

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

8
13
-
-
income
154
232
-
-
trade
176
266
-
-
chamber of commerce
3
4
-
-
total
341
515
-
-
Dividends
684
1 035
-
-
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
168
256
-
-
total
177
270
-
-
Income
1 550
1 550
1 550
1 550
Total tax
643
785
566
762
After tax
907
765
984
788
Living cost
401
401
401
401
Free-cash
506
364
583
387

Estimated living cost  is £401 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£482
£535
£575
£550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
243
pensions
-
-
-
275
other
-
-
-
48
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
676
Employee
374
-
1 200
-
social contributions
11
-
34
-
surtax
-
-
-
-
income
22
-
233
-
pensions
42
-
83
-
total
75
-
350
-
Employer
374
-
1 200
-
other
13
-
47
-
social contributions
1
-
4
-
unemployment
15
-
49
-
pensions
61
-
140
-
health
26
-
111
-
total
116
-
351
-
Corporate
1 059
1 550
-
-
surtax
-
-
-
-
income
296
434
-
-
total
296
434
-
-
Dividends
762
1 116
-
-
surtax
-
-
-
-
social contributions
131
192
-
-
withholding
98
143
-
-
total
229
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
716
769
701
676
After tax
834
781
849
874
Living cost
299
299
299
299
Free-cash
535
482
550
575

Estimated living cost  is £299 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£511
£559
£604
£579
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
-
-
-
243
pensions
-
-
-
275
other
-
-
-
48
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
676
Employee
334
-
1 200
-
social contributions
10
-
34
-
surtax
-
-
-
-
income
17
-
233
-
pensions
38
-
83
-
total
65
-
350
-
Employer
334
-
1 200
-
other
12
-
47
-
social contributions
1
-
4
-
unemployment
14
-
49
-
pensions
55
-
140
-
health
23
-
111
-
total
105
-
351
-
Corporate
1 112
1 550
-
-
surtax
-
-
-
-
income
311
434
-
-
total
311
434
-
-
Dividends
800
1 116
-
-
surtax
-
-
-
-
social contributions
138
192
-
-
withholding
102
143
-
-
total
240
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
721
769
701
676
After tax
829
781
849
874
Living cost
270
270
270
270
Free-cash
559
511
579
604

Estimated living cost  is £270 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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£761
£765
£811
£778
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
health
-
-
-
108
social contributions
-
-
-
214
total
-
-
-
554
Employee
296
-
1 550
-
social contributions
41
-
214
-
health
21
-
108
-
income
49
-
265
-
total
111
-
587
-
Employer
296
-
1 550
-
total
-
-
-
-
Corporate
1 254
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%.

63
77
-
-
total
63
77
-
-
Dividends
1 191
1 473
-
-
health
83
103
-
-
social contributions
164
203
-
-
withholding
179
221
-
-
total
426
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
600
604
587
554
After tax
950
946
963
996
Living cost
185
185
185
185
Free-cash
765
761
778
811

Estimated living cost  is £185 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£550
£535
£487
£102
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
chamber of commerce
-
-
-
6
income
-
-
-
426
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
755
Employee
437
348
1 238
-
other
4
3
10
-
health
17
13
40
-
income
50
26
341
-
pensions
45
36
105
-
unemployment
13
10
31
-
total
129
88
527
-
Employer
437
348
1 238
-
accident
6
5
13
-
other
21
17
57
-
chamber of commerce
2
1
5
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
37
-
health
17
13
39
-
total
129
102
312
-
Corporate
986
1 100
1 205
-
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.

246
275
301
-
total
246
275
301
-
Dividends
739
825
-
-
withholding
203
227
-
-
total
203
227
-
-
Income
1 550
1 550
1 550
1 550
Total tax
707
692
1 140
755
After tax
843
858
410
795
Living cost
308
308
308
308
Free-cash
535
550
102
487

Estimated living cost  is £308 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
£548
£418
£353
£226
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
-
-
-
580
communal

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

-
-
-
80
social contributions
-
-
-
218
total
-
-
-
878
Employee

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

625
-
1 201
-
communal

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

33
-
63
-
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
-
56
-
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
-
90
-
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
192
-
436
-
total
306
-
655
-
Employer

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

625
-
1 201
-
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
-
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
-
surtax
71
-
136
-
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
-
106
-
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
-
74
-
total
181
-
350
-
Corporate
743
1 550
-
-
surtax
3
6
-
-
income
149
310
-
-
total
152
316
-
-
Dividends
591
1 234
-
-
withholding

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

174
367
-
-
total
174
367
-
-
Income
1 550
1 550
1 550
1 550
Total tax
813
683
1 005
878
After tax
737
867
545
672
Living cost
319
319
319
319
Free-cash
418
548
226
353

Estimated living cost  is £319 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£718
£658
£554
£517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
7
income
-
-
-
437
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
680
Employee
435
-
1 292
-
other
-
-
1
-
income
92
-
407
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
119
-
459
-
Employer
435
-
1 292
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
45
-
pensions
103
-
191
-
total
139
-
258
-
Corporate
976
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.

146
232
-
-
total
146
232
-
-
Dividends
830
1 318
-
-
withholding
172
284
-
-
total
172
284
-
-
Income
1 550
1 550
1 550
1 550
Total tax
576
516
717
680
After tax
974
1 034
833
870
Living cost
316
316
316
316
Free-cash
658
718
517
554

Estimated living cost  is £316 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£432
£319
£290
£352
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
accident
-
-
-
13
income
-
-
-
256
pensions
-
-
-
232
health
-
-
-
109
surtax
-
-
-
77
communal
-
-
-
98
total
-
-
-
785
Employee
662
-
1 385
-
health
29
-
62
-
surtax
41
-
85
-
income
64
-
300
-
pensions
53
-
111
-
total
187
-
558
-
Employer
662
-
1 385
-
accident
6
-
12
-
pensions
53
-
111
-
health
20
-
42
-
total
79
-
165
-
Corporate
809
1 550
-
-
surtax
8
16
-
-
communal
55
105
-
-
income
121
232
-
-
total
184
353
-
-
Dividends
624
1 197
-
-
income
212
111
-
-
withholding
94
179
-
-
total
306
290
-
-
Income
1 550
1 550
1 550
1 550
Total tax
756
643
723
785
After tax
794
907
827
765
Living cost
475
475
475
475
Free-cash
319
432
352
290

Estimated living cost  is £475 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£779
£753
£537
£484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
432
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
67
total
-
-
-
817
Employee
294
-
1 304
-
other
-
-
-
-
health
8
-
30
-
surtax
1
-
56
-
income
49
-
379
-
pensions
20
-
78
-
unemployment
20
-
81
-
total
98
-
624
-
Employer
294
-
1 304
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 194
1 550
-
-
income
310
403
-
-
total
310
403
-
-
Dividends
883
1 147
-
-
withholding
132
172
-
-
total
132
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
601
575
870
817
After tax
949
975
680
733
Living cost
196
196
196
196
Free-cash
753
779
484
537

Estimated living cost  is £196 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£579
£557
£499
£429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
23
national
-
-
-
384
social contributions
-
-
-
399
total
-
-
-
815
Employee
485
-
1 550
-
social contributions
164
-
523
-
regional
7
-
21
-
municipal
3
-
8
-
national
77
-
333
-
total
251
-
885
-
Employer
485
-
1 550
-
total
-
-
-
-
Corporate
1 065
1 550
-
-
nationa
256
372
-
-
municipal
53
77
-
-
total
309
449
-
-
Dividends
756
1 101
-
-
withholding
197
286
-
-
total
197
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
757
735
885
815
After tax
793
815
665
735
Living cost
236
236
236
236
Free-cash
557
579
429
499

Estimated living cost  is £236 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
£810
£717
£625
£556
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
-
-
-
156
health
-
-
-
209
solidarity contribution
-
-
-
1
social contributions
-
-
-
301
total
-
-
-
667
Employee
379
-
1 186
-
social contributions
25
-
67
-
health
51
-
160
-
solidarity contribution
-
-
-
-
income
45
-
144
-
total
121
-
371
-
Employer
379
-
1 186
-
social contributions
95
-
258
-
health
34
-
107
-
total
129
-
365
-
Corporate
1 042
1 550
-
-
income
198
294
-
-
total
198
294
-
-
Dividends
844
1 256
-
-
withholding
127
188
-
-
total
127
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
575
482
736
667
After tax
975
1 068
814
883
Living cost
258
258
258
258
Free-cash
717
810
556
625

Estimated living cost  is £258 per week

£192
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
£581
£577
£518
£131
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
chamber of commerce
-
-
-
6
income
-
-
-
426
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
753
Employee
382
348
1 240
-
other
4
3
10
-
health
15
13
40
-
income
34
26
342
-
pensions
39
36
105
-
unemployment
11
10
31
-
total
103
88
528
-
Employer
382
348
1 240
-
accident
5
5
13
-
other
18
17
57
-
chamber of commerce
2
1
5
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
37
-
health
14
13
39
-
total
109
100
310
-
Corporate
1 058
1 101
1 207
-
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.

264
275
302
-
total
264
275
302
-
Dividends
793
826
-
-
withholding
218
227
-
-
total
218
227
-
-
Income
1 550
1 550
1 550
1 550
Total tax
694
690
1 140
753
After tax
856
860
410
797
Living cost
279
279
279
279
Free-cash
577
581
131
518

Estimated living cost  is £279 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
£1350
£1326
£1411
£1117
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
154
-
1 550
-
income
31
-
310
-
total
31
-
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%.

1 396
1 550
-
-
total
-
-
-
-
Dividends
1 396
1 550
-
-
withholding
70
77
-
-
total
70
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
101
77
310
16
After tax
1 449
1 473
1 240
1 534
Living cost
123
123
123
123
Free-cash
1 326
1 350
1 117
1 411

Estimated living cost  is £123 per week

£84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£832
£758
£521
£480
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
-
-
-
356
pensions
-
-
-
283
unemployment
-
-
-
2
health
-
-
-
153
total
-
-
-
794
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.

387
-
1 341
-
health
25
-
87
-
income
67
-
329
-
pensions
60
-
208
-
unemployment
1
-
2
-
total
153
-
626
-
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.

387
-
1 341
-
unemployment
-
-
1
-
pensions
34
-
119
-
health
26
-
89
-
total
60
-
209
-
Corporate
1 103
1 550
-
-
income
210
295
-
-
total
210
295
-
-
Dividends
894
1 255
-
-
withholding
134
188
-
-
total
134
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
557
483
835
794
After tax
993
1 067
715
756
Living cost
235
235
235
235
Free-cash
758
832
480
521

Estimated living cost  is £235 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£564
£145
£692
£1056
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
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
240
1 550
-
-
income
53
341
-
-
total
53
341
-
-
Dividends
187
1 209
-
-
income
41
266
-
-
total
41
266
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 026
607
115
479
After tax
524
943
1 435
1 071
Living cost
379
379
379
379
Free-cash
145
564
1 056
692

Estimated living cost  is £379 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.
£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.
£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

Source of data for Oslo model

Close
Lisbon , Portugal
£608
£598
£555
£438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
182
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
721
Employee
402
-
1 253
-
social contributions
44
-
138
-
surtax
-
-
-
-
income
84
-
403
-
total
128
-
541
-
Employer
402
-
1 253
-
social contributions
96
-
297
-
total
96
-
297
-
Corporate
1 052
1 550
-
-
surtax
-
-
-
-
income
221
325
-
-
total
221
325
-
-
Dividends
831
1 225
-
-
withholding
233
343
-
-
total
233
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
678
668
838
721
After tax
872
882
712
829
Living cost
274
274
274
274
Free-cash
598
608
438
555

Estimated living cost  is £274 per week

£205
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
£359
£418
£452
£427
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
-
-
-
243
pensions
-
-
-
275
other
-
-
-
48
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
676
Employee
548
-
1 200
-
social contributions
16
-
34
-
surtax
-
-
-
-
income
48
-
233
-
pensions
62
-
83
-
total
126
-
350
-
Employer
548
-
1 200
-
other
19
-
47
-
social contributions
2
-
4
-
unemployment
22
-
49
-
pensions
90
-
140
-
health
38
-
111
-
total
171
-
351
-
Corporate
831
1 550
-
-
surtax
-
-
-
-
income
233
434
-
-
total
233
434
-
-
Dividends
599
1 116
-
-
surtax
-
-
-
-
social contributions
103
192
-
-
withholding
77
143
-
-
total
180
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
710
769
701
676
After tax
840
781
849
874
Living cost
422
422
422
422
Free-cash
418
359
427
452

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1132
£1102
£878
£920
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
-
-
-
68
social contributions
-
-
-
341
total
-
-
-
409
Employee
281
-
1 342
-
income
-
-
72
-
social contributions
18
-
87
-
total
18
-
159
-
Employer
281
-
1 342
-
social contributions
44
-
208
-
total
44
-
208
-
Corporate
1 225
1 550
-
-
income
123
155
-
-
total
123
155
-
-
Dividends
1 103
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
185
155
367
409
After tax
1 365
1 395
1 183
1 141
Living cost
263
263
263
263
Free-cash
1 102
1 132
920
878

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-£354
-£354
£493
-£354
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
-
-
-
323
pensions
-
-
-
8
national
-
-
-
182
labour market
-
-
-
123
total
-
-
-
636
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 483
1 483
1 483
636
After tax
67
67
67
914
Living cost
421
421
421
421
Free-cash
-354
-354
-354
493

Estimated living cost  is £421 per week

£288
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
-£63
£97
£871
£653
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
accident
-
-
-
2
income
-
-
-
430
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
490
Employee
297
-
1 396
-
health
34
-
160
-
income
41
-
328
-
pensions
33
-
67
-
total
108
-
555
-
Employer
297
-
1 396
-
accident
5
-
23
-
unemployment
7
-
34
-
pensions
48
-
96
-
total
60
-
153
-
Corporate
1 192
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.

1 073
1 395
-
-
total
1 073
1 395
-
-
Dividends
119
155
-
-
withholding
23
29
-
-
total
23
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 264
1 424
708
490
After tax
286
126
842
1 060
Living cost
189
189
189
189
Free-cash
97
-63
653
871

Estimated living cost  is £189 per week

£138
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
£635
£657
£663
£478
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
health
-
-
-
20
national
-
-
-
256
total
-
-
-
551
Employee
460
-
1 304
-
health
3
-
16
-
municipal
75
-
212
-
pensions
31
-
88
-
unemployment
7
-
20
-
national
8
-
155
-
total
124
-
491
-
Employer
460
-
1 304
-
accident
-
-
1
-
unemployment
3
-
8
-
pensions
80
-
226
-
health
4
-
10
-
total
87
-
245
-
Corporate
1 003
1 550
-
-
income
201
310
-
-
total
201
310
-
-
Dividends

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

602
930
-
-
national
37
102
-
-
municipal
108
167
-
-
total
145
269
-
-
Income
1 550
1 550
1 550
1 550
Total tax
557
579
736
551
After tax
993
971
814
999
Living cost
336
336
336
336
Free-cash
657
635
478
663

Estimated living cost  is £336 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£930
£882
£857
£843
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
-
-
-
310
health
-
-
-
40
social contributions
-
-
-
141
total
-
-
-
491
Employee
672
672
1 448
-
social contributions
25
56
75
-
health
5
11
25
-
income
73
62
303
-
total
103
129
403
-
Employer
672
672
1 448
-
social contributions
25
56
75
-
health
6
12
27
-
total
31
68
102
-
Corporate
1 213
809
-
-
income
152
101
-
-
total
152
101
-
-
Dividends
1 061
708
-
-
withholding
180
120
-
-
total
180
120
-
-
Income
1 550
1 550
1 550
1 550
Total tax
466
418
505
491
After tax
1 084
1 132
1 045
1 059
Living cost
202
202
202
202
Free-cash
882
930
843
857

Estimated living cost  is £202 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
£1144
£1099
£1165
£990
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
-
-
-
1 550
income
-
-
-
158
pensions
-
-
-
56
unemployment
-
-
-
-
health
-
-
-
32
total
-
-
-
246
Employee

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

201
-
1 465
-
health
17
-
71
-
income
14
-
136
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
335
-
Employer

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

201
-
1 465
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 329
1 550
-
-
income
120
140
-
-
total
120
140
-
-
Dividends
1 209
1 410
-
-
withholding
109
127
-
-
total
109
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
312
267
421
246
After tax
1 238
1 283
1 129
1 304
Living cost
139
139
139
139
Free-cash
1 099
1 144
990
1 165

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£794
£755
£630
£593
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
accident
-
-
-
7
income
-
-
-
437
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
680
Employee
323
-
1 292
-
other
-
-
1
-
income
62
-
407
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
459
-
Employer
323
-
1 292
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
45
-
pensions
76
-
191
-
total
103
-
258
-
Corporate
1 124
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.

169
232
-
-
total
169
232
-
-
Dividends
955
1 318
-
-
withholding
201
284
-
-
total
201
284
-
-
Income
1 550
1 550
1 550
1 550
Total tax
555
516
717
680
After tax
995
1 034
833
870
Living cost
240
240
240
240
Free-cash
755
794
593
630

Estimated living cost  is £240 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
£943
£940
£970
£967
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
-
-
-
526
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
556
Employee
36
-
1 530
-
health
2
-
4
-
income
7
-
526
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
539
-
Employer
36
-
1 530
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 505
1 550
-
-
income
331
341
-
-
total
331
341
-
-
Dividends
1 174
1 209
-
-
withholding
235
242
-
-
total
235
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
586
583
559
556
After tax
964
967
991
994
Living cost
24
24
24
24
Free-cash
940
943
967
970

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
£969
£926
£803
£804
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
-
-
-
351
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
596
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.

228
-
1 434
-
health
12
-
33
-
income
31
-
351
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
479
-
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.

228
-
1 434
-
unemployment
2
-
5
-
pensions
27
-
78
-
health
12
-
33
-
total
41
-
116
-
Corporate
1 281
1 550
-
-
income
192
232
-
-
total
192
232
-
-
Dividends
1 089
1 318
-
-
withholding
163
198
-
-
total
163
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
473
430
595
596
After tax
1 077
1 120
955
954
Living cost
151
151
151
151
Free-cash
926
969
804
803

Estimated living cost  is £151 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£646
£643
£593
£476
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
-
-
-
182
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
721
Employee
339
-
1 253
-
social contributions
37
-
138
-
surtax
-
-
-
-
income
66
-
403
-
total
103
-
541
-
Employer
339
-
1 253
-
social contributions
81
-
297
-
total
81
-
297
-
Corporate
1 130
1 550
-
-
surtax
-
-
-
-
income
237
325
-
-
total
237
325
-
-
Dividends
893
1 225
-
-
withholding
250
343
-
-
total
250
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
671
668
838
721
After tax
879
882
712
829
Living cost
236
236
236
236
Free-cash
643
646
476
593

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£727
£669
£563
£526
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
accident
-
-
-
7
income
-
-
-
437
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
680
Employee
422
-
1 292
-
other
-
-
1
-
income
88
-
407
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
459
-
Employer
422
-
1 292
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
993
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.

149
232
-
-
total
149
232
-
-
Dividends
844
1 318
-
-
withholding
176
284
-
-
total
176
284
-
-
Income
1 550
1 550
1 550
1 550
Total tax
574
516
717
680
After tax
976
1 034
833
870
Living cost
307
307
307
307
Free-cash
669
727
526
563

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1175
£1123
£1086
£1147
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
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
-
-
-
314
Employee
199
-
1 490
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
149
-
pensions

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

17
-
27
-
total
48
-
193
-
Employer
199
-
1 490
-
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
1 312
1 550
-
-
income
131
155
-
-
total
131
155
-
-
Dividends
1 181
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
277
225
253
314
After tax
1 273
1 325
1 297
1 236
Living cost
150
150
150
150
Free-cash
1 123
1 175
1 147
1 086

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
£460
£574
£482
£646
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
trade
-
-
-
164
income

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

-
-
-
480
health

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

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

-
-
-
60
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
-
-
-
730
Employee

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

435
-
1 550
-
health

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

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

60
-
60
-
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
-
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
-
480
-
total
98
-
566
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 115
1 550
-
-
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
-
-
income
167
232
-
-
trade
160
222
-
-
chamber of commerce
3
4
-
-
total
339
471
-
-
Dividends
776
1 079
-
-
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
-
-
withholding
191
266
-
-
total
201
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
638
752
566
730
After tax
912
798
984
820
Living cost
338
338
338
338
Free-cash
574
460
646
482

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£587
£606
£318
£318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
475
social contributions
-
-
-
259
total
-
-
-
734
Employee
684
-
1 550
-
income
129
-
475
-
social contributions
57
-
259
-
total
186
-
734
-
Employer
684
-
1 550
-
total
-
-
-
-
Corporate
866
1 550
-
-
income
108
194
-
-
total
108
194
-
-
Dividends
758
1 356
-
-
withholding
152
271
-
-
total
152
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
446
465
734
734
After tax
1 104
1 085
816
816
Living cost
498
498
498
498
Free-cash
606
587
318
318

Estimated living cost  is £498 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
£645
£675
£925
£785
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
-
-
-
249
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
-
-
-
308
Employee
401
-
1 510
-
income
44
-
368
-
social contributions
40
-
40
-
total
84
-
408
-
Employer
401
-
1 510
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 109
1 550
-
-
income
388
542
-
-
total
388
542
-
-
Dividends
721
1 008
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 550
1 550
1 550
1 550
Total tax
558
588
448
308
After tax
992
962
1 102
1 242
Living cost
317
317
317
317
Free-cash
675
645
785
925

Estimated living cost  is £317 per week

£209
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
£690
£741
£703
£562
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
-
health
6
-
20
-
income
81
-
351
-
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.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£82
£94
£852
£634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
2
income
-
-
-
430
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
490
Employee
327
-
1 396
-
health
37
-
160
-
income
45
-
328
-
pensions
37
-
67
-
total
119
-
555
-
Employer
327
-
1 396
-
accident
5
-
23
-
unemployment
8
-
34
-
pensions
53
-
96
-
total
66
-
153
-
Corporate
1 157
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.

1 041
1 395
-
-
total
1 041
1 395
-
-
Dividends
116
155
-
-
withholding
22
29
-
-
total
22
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 248
1 424
708
490
After tax
302
126
842
1 060
Living cost
208
208
208
208
Free-cash
94
-82
634
852

Estimated living cost  is £208 per week

£152
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

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Skopje , Macedonia
£1186
£1145
£792
£984
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.

-
-
-
1 550
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
256
pensions
-
-
-
257
unemployment
-
-
-
17
total
-
-
-
640
Employee

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

189
-
1 550
-
work injury
1
-
3
-
income
19
-
256
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
total
71
-
448
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 361
1 550
-
-
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%.

14
16
-
-
total
14
16
-
-
Dividends
1 347
1 534
-
-
withholding
202
230
-
-
total
202
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
287
246
448
640
After tax
1 263
1 304
1 102
910
Living cost
118
118
118
118
Free-cash
1 145
1 186
984
792

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

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Rome , Italy
£468
£429
£373
£306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
10
regional
-
-
-
36
national
-
-
-
384
social contributions
-
-
-
399
total
-
-
-
829
Employee
737
-
1 550
-
social contributions
248
-
523
-
regional
11
-
31
-
municipal
4
-
9
-
national
125
-
333
-
total
388
-
896
-
Employer
737
-
1 550
-
total
-
-
-
-
Corporate
813
1 550
-
-
nationa
195
372
-
-
municipal
39
75
-
-
total
234
447
-
-
Dividends
579
1 103
-
-
withholding
151
287
-
-
total
151
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
773
734
896
829
After tax
777
816
654
721
Living cost
348
348
348
348
Free-cash
429
468
306
373

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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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