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
£ 1600
per

Your estimated
City
free-cash

Dresden , Germany
£544
£640
£559
£747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
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.

-
-
-
503
health

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

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

-
-
-
59
surtax

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

-
-
-
28
total
-
-
-
778
Employee

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

332
-
1 600
-
health

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

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

59
-
59
-
surtax

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

1
-
28
-
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
-
503
-
total
69
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 268
1 600
-
-
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
190
240
-
-
trade
200
252
-
-
chamber of commerce
3
4
-
-
total
403
509
-
-
Dividends
865
1 091
-
-
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.

12
15
-
-
withholding
213
269
-
-
total
225
284
-
-
Income
1 600
1 600
1 600
1 600
Total tax
697
793
590
778
After tax
903
807
1 010
822
Living cost
263
263
263
263
Free-cash
640
544
747
559

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£560
£554
£498
£507
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
-
-
-
1 600
municipal
-
-
-
176
pensions
-
-
-
192
national
-
-
-
279
social contributions
-
-
-
17
total
-
-
-
664
Employee
679
-
1 383
-
municipal
84
-
182
-
pensions
27
-
55
-
national
130
-
292
-
total
241
-
529
-
Employer
679
-
1 383
-
social contributions
7
-
15
-
pensions
54
-
111
-
total
61
-
126
-
Corporate
815
1 600
-
-
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%.

163
320
-
-
total
163
320
-
-
Dividends
652
1 280
-
-
withholding
143
282
-
-
total
143
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
608
602
655
664
After tax
992
998
945
936
Living cost
438
438
438
438
Free-cash
554
560
507
498

Estimated living cost  is £438 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1100
£1029
£379
£497
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.

-
-
-
1 600
microenterprise
-
-
-
-
income
-
-
-
301
surtax
-
-
-
408
social contributions

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

-
-
-
332
total
-
-
-
1 041
Employee
253
-
1 217
-
social contributions

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

28
-
114
-
surtax
-
-
176
-
income
45
-
250
-
total
73
-
540
-
Employer
253
-
1 217
-
social contributions

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

61
-
249
-
surtax
-
-
134
-
total
61
-
383
-
Corporate
1 285
1 600
-
-
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%.

257
320
-
-
total
257
320
-
-
Dividends

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

1 028
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
391
320
923
1 041
After tax
1 209
1 280
677
559
Living cost
180
180
180
180
Free-cash
1 029
1 100
497
379

Estimated living cost  is £180 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£429
£376
£515
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
513
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
722
Employee
741
741
1 439
-
health
114
97
107
-
income

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

121
121
223
-
pensions
133
102
102
-
total
368
320
432
-
Employer
741
741
1 439
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
51
51
64
-
total
130
130
161
-
Corporate
739
729
-
-
income
148
146
-
-
total
148
146
-
-
Dividends
591
584
-
-
income
126
124
-
-
withholding
89
88
-
-
total
215
212
-
-
Income
1 600
1 600
1 600
1 600
Total tax
861
808
593
722
After tax
739
792
1 007
878
Living cost
363
363
363
363
Free-cash
376
429
644
515

Estimated living cost  is £363 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£540
£533
£480
£473
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
-
-
-
1 600
municipal
-
-
-
414
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
160
total
-
-
-
786
Employee
476
-
1 370
-
municipal
142
-
408
-
national
-
-
156
-
total
142
-
564
-
Employer
476
-
1 370
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
974
1 600
-
-
income
214
352
-
-
total
214
352
-
-
Dividends
760
1 248
-
-
withholding
228
374
-
-
total
228
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
733
726
793
786
After tax
867
874
807
814
Living cost
334
334
334
334
Free-cash
533
540
473
480

Estimated living cost  is £334 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£457
£579
£472
£669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
trade
-
-
-
197
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.

-
-
-
503
health

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

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

-
-
-
59
surtax

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

-
-
-
28
total
-
-
-
787
Employee

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

440
-
1 600
-
health

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

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

59
-
59
-
surtax

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

2
-
28
-
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
-
503
-
total
99
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 160
1 600
-
-
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
174
240
-
-
trade
191
263
-
-
chamber of commerce
3
4
-
-
total
378
520
-
-
Dividends
783
1 080
-
-
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
15
-
-
withholding
192
267
-
-
total
203
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
680
802
590
787
After tax
920
798
1 010
813
Living cost
341
341
341
341
Free-cash
579
457
669
472

Estimated living cost  is £341 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£887
£851
£809
£795
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
-
-
-
1 600
income
-
-
-
329
health
-
-
-
41
social contributions
-
-
-
140
total
-
-
-
510
Employee
667
667
1 498
-
social contributions
32
55
75
-
health
7
11
25
-
income
70
62
321
-
total
109
128
421
-
Employer
667
667
1 498
-
social contributions
32
55
75
-
health
7
12
28
-
total
39
67
103
-
Corporate
1 170
865
-
-
income
146
108
-
-
total
146
108
-
-
Dividends
1 024
757
-
-
withholding
174
129
-
-
total
174
129
-
-
Income
1 600
1 600
1 600
1 600
Total tax
468
432
524
510
After tax
1 132
1 168
1 076
1 090
Living cost
281
281
281
281
Free-cash
851
887
795
809

Estimated living cost  is £281 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£742
£744
£951
£770
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
-
-
-
1 600
income
-
-
-
196
pensions
-
-
-
160
unemployment
-
-
-
24
health
-
-
-
112
total
-
-
-
492
Employee

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

The minimum wage is 138,000 HUF per month.

227
90
1 339
-
health
16
6
94
-
income
28
11
164
-
pensions
23
9
134
-
unemployment
3
1
20
-
total
70
27
412
-
Employer

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

The minimum wage is 138,000 HUF per month.

227
90
1 339
-
pensions
44
18
261
-
total
44
18
261
-
Corporate
1 329
1 492
-
-
income
120
134
-
-
total
120
134
-
-
Dividends
1 209
1 358
-
-
social contributions
235
264
-
-
withholding
230
258
-
-
total
465
522
-
-
Income
1 600
1 600
1 600
1 600
Total tax
699
701
673
492
After tax
901
899
927
1 108
Living cost
157
157
157
157
Free-cash
744
742
770
951

Estimated living cost  is £157 per week

£107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1070
£1016
£648
£712
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
-
-
-
1 600
income
-
-
-
214
pensions
-
-
-
320
health
-
-
-
208
total
-
-
-
742
Employee
246
-
1 196
-
income
28
-
231
-
pensions
5
-
24
-
unemployment
4
-
19
-
total
37
-
274
-
Employer
246
-
1 196
-
unemployment
2
-
10
-
pensions
49
-
239
-
health
32
-
155
-
total
83
-
404
-
Corporate
1 271
1 600
-
-
income
254
320
-
-
total
254
320
-
-
Dividends
1 017
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
374
320
678
742
After tax
1 226
1 280
922
858
Living cost
210
210
210
210
Free-cash
1 016
1 070
712
648

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£59
£101
£904
£683
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
-
-
-
1 600
accident
-
-
-
2
income
-
-
-
447
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
507
Employee
298
-
1 446
-
health
34
-
166
-
income
41
-
342
-
pensions
34
-
66
-
total
109
-
574
-
Employer
298
-
1 446
-
accident
5
-
24
-
unemployment
7
-
35
-
pensions
48
-
95
-
total
60
-
154
-
Corporate
1 241
1 600
-
-
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.

1 117
1 440
-
-
total
1 117
1 440
-
-
Dividends
124
160
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 310
1 470
728
507
After tax
290
130
872
1 093
Living cost
189
189
189
189
Free-cash
101
-59
683
904

Estimated living cost  is £189 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1441
£1426
£1505
£1201
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%.

-
-
-
1 600
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
-
1 600
-
income
20
-
320
-
total
20
-
320
-
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%.

1 501
1 600
-
-
total
-
-
-
-
Dividends
1 501
1 600
-
-
withholding
75
80
-
-
total
75
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
95
80
320
16
After tax
1 505
1 520
1 280
1 584
Living cost
79
79
79
79
Free-cash
1 426
1 441
1 201
1 505

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
£945
£886
£677
£674
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
-
-
-
1 600
income
-
-
-
254
pensions

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

-
-
-
317
other
-
-
-
63
health
-
-
-
58
total
-
-
-
692
Employee
315
-
1 278
-
health
4
-
18
-
income
54
-
253
-
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
-
89
-
unemployment
3
-
13
-
total
83
-
373
-
Employer
315
-
1 278
-
accident
3
-
10
-
other
16
-
64
-
unemployment
3
-
13
-
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
-
217
-
health
4
-
18
-
total
80
-
322
-
Corporate
1 206
1 600
-
-
income
253
336
-
-
total
253
336
-
-
Dividends
952
1 264
-
-
withholding
67
88
-
-
total
67
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
483
424
695
692
After tax
1 117
1 176
905
908
Living cost
231
231
231
231
Free-cash
886
945
674
677

Estimated living cost  is £231 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£457
£493
£472
£327
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
-
-
-
1 600
income
-
-
-
464
pensions
-
-
-
80
total
-
-
-
544
Employee
826
-
1 397
-
health
14
-
20
-
income
149
-
368
-
pensions
80
-
98
-
total
243
-
486
-
Employer
826
-
1 397
-
pensions
98
-
176
-
health
16
-
27
-
total
114
-
203
-
Corporate
660
1 600
-
-
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.

126
304
-
-
total
126
304
-
-
Dividends
535
1 296
-
-
withholding
40
255
-
-
total
40
255
-
-
Income
1 600
1 600
1 600
1 600
Total tax
523
559
689
544
After tax
1 077
1 041
911
1 056
Living cost
584
584
584
584
Free-cash
493
457
327
472

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
£1254
£1213
£1165
£1229
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
-
-
-
1 600
income
-
-
-
240
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
-
-
-
321
Employee
151
-
1 541
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
154
-
pensions

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

13
-
27
-
total
37
-
198
-
Employer
151
-
1 541
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
1 420
1 600
-
-
income
142
160
-
-
total
142
160
-
-
Dividends
1 278
1 440
-
-
withholding
64
72
-
-
total
64
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
273
232
257
321
After tax
1 327
1 368
1 343
1 279
Living cost
114
114
114
114
Free-cash
1 213
1 254
1 229
1 165

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£311
£334
£397
£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
-
-
-
1 600
income
-
-
-
513
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
722
Employee
804
741
1 439
-
health
100
97
107
-
income

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

121
121
223
-
pensions
102
102
102
-
total
323
320
432
-
Employer
804
741
1 439
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
51
64
-
total
141
130
161
-
Corporate
655
729
-
-
income
131
146
-
-
total
131
146
-
-
Dividends
524
584
-
-
income
111
124
-
-
withholding
79
88
-
-
total
190
212
-
-
Income
1 600
1 600
1 600
1 600
Total tax
785
808
593
722
After tax
815
792
1 007
878
Living cost
481
481
481
481
Free-cash
334
311
526
397

Estimated living cost  is £481 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£895
£821
£711
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
163
health
-
-
-
216
solidarity contribution
-
-
-
5
social contributions
-
-
-
298
total
-
-
-
682
Employee
305
-
1 234
-
social contributions
20
-
66
-
health
41
-
167
-
solidarity contribution
-
-
-
-
income
37
-
150
-
total
98
-
383
-
Employer
305
-
1 234
-
social contributions
76
-
255
-
health
27
-
111
-
total
103
-
366
-
Corporate
1 192
1 600
-
-
income
226
304
-
-
total
226
304
-
-
Dividends
965
1 296
-
-
withholding
145
194
-
-
total
145
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
572
498
749
682
After tax
1 028
1 102
851
918
Living cost
207
207
207
207
Free-cash
821
895
644
711

Estimated living cost  is £207 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£488
£443
£393
£322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
10
regional
-
-
-
19
national
-
-
-
400
social contributions
-
-
-
412
total
-
-
-
841
Employee
771
-
1 600
-
social contributions
260
-
540
-
regional
7
-
17
-
municipal
4
-
8
-
national
134
-
347
-
total
405
-
912
-
Employer
771
-
1 600
-
total
-
-
-
-
Corporate
829
1 600
-
-
nationa
199
384
-
-
municipal
32
62
-
-
total
231
446
-
-
Dividends
598
1 154
-
-
withholding
155
300
-
-
total
155
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
791
746
912
841
After tax
809
854
688
759
Living cost
366
366
366
366
Free-cash
443
488
322
393

Estimated living cost  is £366 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£815
£789
£565
£511
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
-
-
-
1 600
income
-
-
-
456
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
72
total
-
-
-
844
Employee
287
-
1 356
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
62
-
income
48
-
404
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
654
-
Employer
287
-
1 356
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
154
-
health
13
-
53
-
total
60
-
244
-
Corporate
1 253
1 600
-
-
income
326
416
-
-
total
326
416
-
-
Dividends
927
1 184
-
-
withholding
139
178
-
-
total
139
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
594
898
844
After tax
980
1 006
702
756
Living cost
191
191
191
191
Free-cash
789
815
511
565

Estimated living cost  is £191 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£642
£699
£657
£512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
464
pensions
-
-
-
80
total
-
-
-
544
Employee
554
-
1 397
-
health
8
-
20
-
income
100
-
368
-
pensions
47
-
98
-
total
155
-
486
-
Employer
554
-
1 397
-
pensions
60
-
176
-
health
11
-
27
-
total
71
-
203
-
Corporate
976
1 600
-
-
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.

185
304
-
-
total
185
304
-
-
Dividends
790
1 296
-
-
withholding
91
255
-
-
total
91
255
-
-
Income
1 600
1 600
1 600
1 600
Total tax
502
559
689
544
After tax
1 098
1 041
911
1 056
Living cost
399
399
399
399
Free-cash
699
642
512
657

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
£69
£352
£625
£555
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
-
-
-
1 600
city
-
-
-
17
pensions
-
-
-
147
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.

-
-
-
32
regional
-
-
-
82
health
-
-
-
4
national
-
-
-
30
total
-
-
-
312
Employee
776
-
1 432
-
city
8
-
15
-
regional
25
-
70
-
health
2
-
3
-
pensions
65
-
120
-
unemployment
-
-
-
-
national
4
-
22
-
total
104
-
230
-
Employer
776
-
1 432
-
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
-
29
-
unemployment
-
-
-
-
pensions
65
-
120
-
health
2
-
3
-
total
83
-
152
-
Corporate
733
1 600
-
-
regional
155
338
-
-
national
62
136
-
-
total
217
474
-
-
Dividends
516
1 126
-
-
withholding
181
394
-
-
total
181
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
585
868
382
312
After tax
1 015
732
1 218
1 288
Living cost
663
663
663
663
Free-cash
352
69
555
625

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
£393
£534
£408
£613
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.

-
-
-
1 600
trade
-
-
-
205
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.

-
-
-
503
health

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

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

-
-
-
59
surtax

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

-
-
-
28
total
-
-
-
795
Employee

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

521
-
1 600
-
health

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

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

59
-
59
-
surtax

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

3
-
28
-
income

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

61
-
503
-
total
123
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 079
1 600
-
-
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
162
240
-
-
trade
185
274
-
-
chamber of commerce
3
4
-
-
total
359
531
-
-
Dividends
720
1 069
-
-
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
177
264
-
-
total
187
279
-
-
Income
1 600
1 600
1 600
1 600
Total tax
669
810
590
795
After tax
931
790
1 010
805
Living cost
397
397
397
397
Free-cash
534
393
613
408

Estimated living cost  is £397 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£510
£559
£603
£573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
256
pensions
-
-
-
278
other
-
-
-
50
health
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
700
Employee
371
-
1 236
-
social contributions
11
-
35
-
surtax
-
-
-
-
income
22
-
243
-
pensions
42
-
87
-
total
75
-
365
-
Employer
371
-
1 236
-
other
13
-
49
-
social contributions
1
-
4
-
unemployment
15
-
50
-
pensions
61
-
146
-
health
26
-
116
-
total
116
-
365
-
Corporate
1 113
1 600
-
-
surtax
-
-
-
-
income
312
448
-
-
total
312
448
-
-
Dividends
801
1 152
-
-
surtax
-
-
-
-
social contributions
138
198
-
-
withholding
103
147
-
-
total
241
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
744
793
730
700
After tax
856
807
870
900
Living cost
297
297
297
297
Free-cash
559
510
573
603

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£540
£591
£633
£603
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
-
-
-
1 600
income
-
-
-
256
pensions
-
-
-
278
other
-
-
-
50
health
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
700
Employee
331
-
1 236
-
social contributions
9
-
35
-
surtax
-
-
-
-
income
17
-
243
-
pensions
37
-
87
-
total
63
-
365
-
Employer
331
-
1 236
-
other
11
-
49
-
social contributions
1
-
4
-
unemployment
13
-
50
-
pensions
54
-
146
-
health
23
-
116
-
total
102
-
365
-
Corporate
1 165
1 600
-
-
surtax
-
-
-
-
income
326
448
-
-
total
326
448
-
-
Dividends
839
1 152
-
-
surtax
-
-
-
-
social contributions
144
198
-
-
withholding
107
147
-
-
total
251
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
742
793
730
700
After tax
858
807
870
900
Living cost
267
267
267
267
Free-cash
591
540
603
633

Estimated living cost  is £267 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£792
£796
£843
£808
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
-
-
-
1 600
income
-
-
-
240
health
-
-
-
112
social contributions
-
-
-
221
total
-
-
-
573
Employee
294
-
1 600
-
social contributions
41
-
221
-
health
21
-
112
-
income
49
-
275
-
total
111
-
608
-
Employer
294
-
1 600
-
total
-
-
-
-
Corporate
1 306
1 600
-
-
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%.

65
80
-
-
total
65
80
-
-
Dividends
1 241
1 520
-
-
health
87
106
-
-
social contributions
171
210
-
-
withholding
186
228
-
-
total
444
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
624
608
573
After tax
980
976
992
1 027
Living cost
184
184
184
184
Free-cash
796
792
808
843

Estimated living cost  is £184 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£582
£565
£515
£118
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
-
-
-
1 600
chamber of commerce
-
-
-
6
income
-
-
-
452
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
779
Employee
434
346
1 287
-
other
4
3
10
-
health
17
13
39
-
income
49
26
367
-
pensions
44
35
104
-
unemployment
13
10
30
-
total
127
87
550
-
Employer
434
346
1 287
-
accident
6
4
13
-
other
21
16
59
-
chamber of commerce
2
1
5
-
unemployment
13
10
30
-
surtax
2
2
2
-
pensions
54
43
127
-
payroll
13
10
39
-
health
16
13
38
-
total
127
99
313
-
Corporate
1 040
1 153
1 254
-
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.

260
288
313
-
total
260
288
313
-
Dividends
780
865
-
-
withholding
215
238
-
-
total
215
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
729
712
1 176
779
After tax
871
888
424
821
Living cost
306
306
306
306
Free-cash
565
582
118
515

Estimated living cost  is £306 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£579
£449
£378
£243
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
-
-
-
1 600
national
-
-
-
607
communal

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

-
-
-
83
social contributions
-
-
-
216
total
-
-
-
906
Employee

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

621
-
1 239
-
communal

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

32
-
65
-
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
-
58
-
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
-
93
-
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
-
11
-
national
191
-
453
-
total
304
-
680
-
Employer

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

621
-
1 239
-
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
70
-
141
-
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
-
110
-
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
-
76
-
total
180
-
361
-
Corporate
799
1 600
-
-
surtax
3
6
-
-
income
160
320
-
-
total
163
326
-
-
Dividends
636
1 274
-
-
withholding

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

188
379
-
-
total
188
379
-
-
Income
1 600
1 600
1 600
1 600
Total tax
835
705
1 041
906
After tax
765
895
559
694
Living cost
316
316
316
316
Free-cash
449
579
243
378

Estimated living cost  is £316 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£753
£693
£583
£548
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
-
-
-
1 600
accident
-
-
-
7
income
-
-
-
462
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
704
Employee
432
-
1 344
-
other
-
-
1
-
income
91
-
432
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
118
-
483
-
Employer
432
-
1 344
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 031
1 600
-
-
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.

155
240
-
-
total
155
240
-
-
Dividends
876
1 360
-
-
withholding
183
294
-
-
total
183
294
-
-
Income
1 600
1 600
1 600
1 600
Total tax
594
534
739
704
After tax
1 006
1 066
861
896
Living cost
313
313
313
313
Free-cash
693
753
548
583

Estimated living cost  is £313 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£460
£347
£313
£375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
13
income
-
-
-
271
pensions
-
-
-
240
health
-
-
-
112
surtax
-
-
-
79
communal
-
-
-
101
total
-
-
-
816
Employee
657
-
1 429
-
health
29
-
64
-
surtax
40
-
88
-
income
63
-
317
-
pensions
53
-
114
-
total
185
-
583
-
Employer
657
-
1 429
-
accident
6
-
13
-
pensions
53
-
114
-
health
20
-
44
-
total
79
-
171
-
Corporate
865
1 600
-
-
surtax
9
17
-
-
communal
58
108
-
-
income
130
240
-
-
total
197
365
-
-
Dividends
667
1 235
-
-
income
221
119
-
-
withholding
100
185
-
-
total
321
304
-
-
Income
1 600
1 600
1 600
1 600
Total tax
782
669
754
816
After tax
818
931
846
784
Living cost
471
471
471
471
Free-cash
347
460
375
313

Estimated living cost  is £471 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£811
£786
£561
£507
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
-
-
-
1 600
income
-
-
-
456
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
72
total
-
-
-
844
Employee
292
-
1 356
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
62
-
income
49
-
404
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
96
-
654
-
Employer
292
-
1 356
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
154
-
health
13
-
53
-
total
61
-
244
-
Corporate
1 246
1 600
-
-
income
324
416
-
-
total
324
416
-
-
Dividends
922
1 184
-
-
withholding
138
178
-
-
total
138
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
619
594
898
844
After tax
981
1 006
702
756
Living cost
195
195
195
195
Free-cash
786
811
507
561

Estimated living cost  is £195 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£607
£587
£520
£449
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
-
-
-
1 600
municipal
-
-
-
10
regional
-
-
-
24
national
-
-
-
400
social contributions
-
-
-
412
total
-
-
-
846
Employee
481
-
1 600
-
social contributions
162
-
540
-
regional
6
-
22
-
municipal
3
-
8
-
national
76
-
347
-
total
247
-
917
-
Employer
481
-
1 600
-
total
-
-
-
-
Corporate
1 119
1 600
-
-
nationa
269
384
-
-
municipal
56
80
-
-
total
325
464
-
-
Dividends
795
1 136
-
-
withholding
207
295
-
-
total
207
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
779
759
917
846
After tax
821
841
683
754
Living cost
234
234
234
234
Free-cash
587
607
449
520

Estimated living cost  is £234 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£847
£756
£663
£596
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
-
-
-
1 600
income
-
-
-
163
health
-
-
-
216
solidarity contribution
-
-
-
5
social contributions
-
-
-
298
total
-
-
-
682
Employee
376
-
1 234
-
social contributions
24
-
66
-
health
51
-
167
-
solidarity contribution
-
-
-
-
income
45
-
150
-
total
120
-
383
-
Employer
376
-
1 234
-
social contributions
94
-
255
-
health
34
-
111
-
total
128
-
366
-
Corporate
1 097
1 600
-
-
income
208
304
-
-
total
208
304
-
-
Dividends
888
1 296
-
-
withholding
133
194
-
-
total
133
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
589
498
749
682
After tax
1 011
1 102
851
918
Living cost
255
255
255
255
Free-cash
756
847
596
663

Estimated living cost  is £255 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£612
£604
£546
£148
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
-
-
-
1 600
chamber of commerce
-
-
-
6
income
-
-
-
452
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
777
Employee
379
346
1 288
-
other
4
3
10
-
health
15
13
39
-
income
34
26
367
-
pensions
39
35
104
-
unemployment
11
10
30
-
total
103
87
550
-
Employer
379
346
1 288
-
accident
5
4
13
-
other
18
16
59
-
chamber of commerce
2
1
5
-
unemployment
11
10
30
-
surtax
-
-
-
-
pensions
48
43
127
-
payroll
11
10
39
-
health
14
13
38
-
total
109
97
311
-
Corporate
1 112
1 155
1 255
-
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.

278
289
314
-
total
278
289
314
-
Dividends
834
866
-
-
withholding
229
238
-
-
total
229
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
719
711
1 175
777
After tax
881
889
425
823
Living cost
277
277
277
277
Free-cash
604
612
148
546

Estimated living cost  is £277 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£1397
£1374
£1461
£1157
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%.

-
-
-
1 600
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
-
1 600
-
income
31
-
320
-
total
31
-
320
-
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%.

1 446
1 600
-
-
total
-
-
-
-
Dividends
1 446
1 600
-
-
withholding
72
80
-
-
total
72
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
103
80
320
16
After tax
1 497
1 520
1 280
1 584
Living cost
123
123
123
123
Free-cash
1 374
1 397
1 157
1 461

Estimated living cost  is £123 per week

£83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£869
£795
£546
£502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 600
income
-
-
-
370
pensions
-
-
-
292
unemployment
-
-
-
2
health
-
-
-
157
total
-
-
-
821
Employee

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

384
-
1 384
-
health
25
-
89
-
income
66
-
343
-
pensions
59
-
215
-
unemployment
1
-
2
-
total
151
-
649
-
Employer

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

384
-
1 384
-
unemployment
-
-
1
-
pensions
34
-
123
-
health
26
-
92
-
total
60
-
216
-
Corporate
1 157
1 600
-
-
income
220
304
-
-
total
220
304
-
-
Dividends
937
1 296
-
-
withholding
141
194
-
-
total
141
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
572
498
865
821
After tax
1 028
1 102
735
779
Living cost
233
233
233
233
Free-cash
795
869
502
546

Estimated living cost  is £233 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£598
£185
£731
£1111
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
-
-
-
1 600
income
-
-
-
312
social contributions
-
-
-
182
total
-
-
-
494
Employee
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
305
1 600
-
-
income
67
352
-
-
total
67
352
-
-
Dividends
238
1 248
-
-
income
52
275
-
-
total
52
275
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 040
627
114
494
After tax
560
973
1 486
1 106
Living cost
375
375
375
375
Free-cash
185
598
1 111
731

Estimated living cost  is £375 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£638
£629
£580
£459
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.

-
-
-
1 600
income
-
-
-
192
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
748
Employee
399
-
1 293
-
social contributions
44
-
142
-
surtax
-
-
-
-
income
83
-
420
-
total
127
-
562
-
Employer
399
-
1 293
-
social contributions
95
-
307
-
total
95
-
307
-
Corporate
1 106
1 600
-
-
surtax
-
-
-
-
income
232
336
-
-
total
232
336
-
-
Dividends
874
1 264
-
-
withholding
245
354
-
-
total
245
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
699
690
869
748
After tax
901
910
731
852
Living cost
272
272
272
272
Free-cash
629
638
459
580

Estimated living cost  is £272 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£388
£448
£481
£451
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
-
-
-
1 600
income
-
-
-
256
pensions
-
-
-
278
other
-
-
-
50
health
-
-
-
70
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
700
Employee
543
-
1 236
-
social contributions
15
-
35
-
surtax
-
-
-
-
income
47
-
243
-
pensions
61
-
87
-
total
123
-
365
-
Employer
543
-
1 236
-
other
19
-
49
-
social contributions
2
-
4
-
unemployment
22
-
50
-
pensions
89
-
146
-
health
38
-
116
-
total
170
-
365
-
Corporate
887
1 600
-
-
surtax
-
-
-
-
income
248
448
-
-
total
248
448
-
-
Dividends
639
1 152
-
-
surtax
-
-
-
-
social contributions
110
198
-
-
withholding
82
147
-
-
total
192
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
733
793
730
700
After tax
867
807
870
900
Living cost
419
419
419
419
Free-cash
448
388
451
481

Estimated living cost  is £419 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1179
£1150
£915
£957
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
-
-
-
1 600
income
-
-
-
72
social contributions
-
-
-
352
total
-
-
-
424
Employee
279
-
1 385
-
income
-
-
77
-
social contributions
18
-
90
-
total
18
-
167
-
Employer
279
-
1 385
-
social contributions
43
-
215
-
total
43
-
215
-
Corporate
1 278
1 600
-
-
income
128
160
-
-
total
128
160
-
-
Dividends
1 150
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
189
160
382
424
After tax
1 411
1 440
1 218
1 176
Living cost
261
261
261
261
Free-cash
1 150
1 179
957
915

Estimated living cost  is £261 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£290
-£290
£522
-£290
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
-
-
-
1 600
municipal
-
-
-
335
pensions
-
-
-
8
national
-
-
-
190
labour market
-
-
-
127
total
-
-
-
660
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 472
1 472
1 472
660
After tax
128
128
128
940
Living cost
418
418
418
418
Free-cash
-290
-290
-290
522

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£57
£100
£906
£685
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
-
-
-
1 600
accident
-
-
-
2
income
-
-
-
447
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
507
Employee
294
-
1 446
-
health
34
-
166
-
income
40
-
342
-
pensions
33
-
66
-
total
107
-
574
-
Employer
294
-
1 446
-
accident
5
-
24
-
unemployment
7
-
35
-
pensions
48
-
95
-
total
60
-
154
-
Corporate
1 247
1 600
-
-
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.

1 122
1 440
-
-
total
1 122
1 440
-
-
Dividends
125
160
-
-
withholding
24
30
-
-
total
24
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 313
1 470
728
507
After tax
287
130
872
1 093
Living cost
187
187
187
187
Free-cash
100
-57
685
906

Estimated living cost  is £187 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£665
£689
£689
£502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
municipal
-
-
-
284
health
-
-
-
21
national
-
-
-
273
total
-
-
-
578
Employee
456
-
1 346
-
health
3
-
17
-
municipal
75
-
219
-
pensions
31
-
91
-
unemployment
7
-
20
-
national
8
-
164
-
total
124
-
511
-
Employer
456
-
1 346
-
accident
-
-
1
-
unemployment
3
-
9
-
pensions
79
-
234
-
health
4
-
10
-
total
86
-
254
-
Corporate
1 057
1 600
-
-
income
211
320
-
-
total
211
320
-
-
Dividends

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

634
960
-
-
national
43
109
-
-
municipal
114
173
-
-
total
157
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
578
602
765
578
After tax
1 022
998
835
1 022
Living cost
333
333
333
333
Free-cash
689
665
502
689

Estimated living cost  is £333 per week

£218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£967
£919
£889
£875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
329
health
-
-
-
41
social contributions
-
-
-
140
total
-
-
-
510
Employee
667
667
1 498
-
social contributions
25
55
75
-
health
5
11
25
-
income
73
62
321
-
total
103
128
421
-
Employer
667
667
1 498
-
social contributions
25
55
75
-
health
6
12
28
-
total
31
67
103
-
Corporate
1 265
865
-
-
income
158
108
-
-
total
158
108
-
-
Dividends
1 107
757
-
-
withholding
188
129
-
-
total
188
129
-
-
Income
1 600
1 600
1 600
1 600
Total tax
480
432
524
510
After tax
1 120
1 168
1 076
1 090
Living cost
201
201
201
201
Free-cash
919
967
875
889

Estimated living cost  is £201 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1187
£1142
£1213
£1039
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
-
-
-
1 600
income
-
-
-
163
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
249
Employee

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

199
-
1 515
-
health
17
-
70
-
income
14
-
142
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
339
-
Employer

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

199
-
1 515
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 380
1 600
-
-
income
124
144
-
-
total
124
144
-
-
Dividends
1 256
1 456
-
-
withholding
113
131
-
-
total
113
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
320
275
423
249
After tax
1 280
1 325
1 177
1 351
Living cost
138
138
138
138
Free-cash
1 142
1 187
1 039
1 213

Estimated living cost  is £138 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£827
£787
£657
£622
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
-
-
-
1 600
accident
-
-
-
7
income
-
-
-
462
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
704
Employee
321
-
1 344
-
other
-
-
1
-
income
62
-
432
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
82
-
483
-
Employer
321
-
1 344
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 177
1 600
-
-
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.

177
240
-
-
total
177
240
-
-
Dividends
1 000
1 360
-
-
withholding
212
294
-
-
total
212
294
-
-
Income
1 600
1 600
1 600
1 600
Total tax
574
534
739
704
After tax
1 026
1 066
861
896
Living cost
239
239
239
239
Free-cash
787
827
622
657

Estimated living cost  is £239 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£974
£971
£1002
£1000
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
-
-
-
1 600
income
-
-
-
544
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
574
Employee
36
-
1 581
-
health
2
-
4
-
income
7
-
543
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
556
-
Employer
36
-
1 581
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 556
1 600
-
-
income
342
352
-
-
total
342
352
-
-
Dividends
1 213
1 248
-
-
withholding
243
250
-
-
total
243
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
605
602
576
574
After tax
995
998
1 024
1 026
Living cost
24
24
24
24
Free-cash
971
974
1 000
1 002

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
£1006
£962
£843
£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

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.

-
-
-
1 600
income
-
-
-
364
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
607
Employee

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

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

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

226
-
1 485
-
health
12
-
33
-
income
31
-
364
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
492
-
Employer

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

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

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

226
-
1 485
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 333
1 600
-
-
income
200
240
-
-
total
200
240
-
-
Dividends
1 133
1 360
-
-
withholding
170
204
-
-
total
170
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
488
444
607
607
After tax
1 112
1 156
993
993
Living cost
150
150
150
150
Free-cash
962
1 006
843
843

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£676
£673
£618
£497
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.

-
-
-
1 600
income
-
-
-
192
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
748
Employee
337
-
1 293
-
social contributions
37
-
142
-
surtax
-
-
-
-
income
66
-
420
-
total
103
-
562
-
Employer
337
-
1 293
-
social contributions
80
-
307
-
total
80
-
307
-
Corporate
1 183
1 600
-
-
surtax
-
-
-
-
income
248
336
-
-
total
248
336
-
-
Dividends
935
1 264
-
-
withholding
262
354
-
-
total
262
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
693
690
869
748
After tax
907
910
731
852
Living cost
234
234
234
234
Free-cash
673
676
497
618

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£761
£705
£591
£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
-
-
-
1 600
accident
-
-
-
7
income
-
-
-
462
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
704
Employee
419
-
1 344
-
other
-
-
1
-
income
88
-
432
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
114
-
483
-
Employer
419
-
1 344
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 047
1 600
-
-
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.

157
240
-
-
total
157
240
-
-
Dividends
890
1 360
-
-
withholding
186
294
-
-
total
186
294
-
-
Income
1 600
1 600
1 600
1 600
Total tax
590
534
739
704
After tax
1 010
1 066
861
896
Living cost
305
305
305
305
Free-cash
705
761
556
591

Estimated living cost  is £305 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1219
£1167
£1130
£1194
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
-
-
-
1 600
income
-
-
-
240
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
-
-
-
321
Employee
198
-
1 541
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
154
-
pensions

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

17
-
27
-
total
48
-
198
-
Employer
198
-
1 541
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
1 364
1 600
-
-
income
136
160
-
-
total
136
160
-
-
Dividends
1 227
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
284
232
257
321
After tax
1 316
1 368
1 343
1 279
Living cost
149
149
149
149
Free-cash
1 167
1 219
1 194
1 130

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£488
£601
£503
£675
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.

-
-
-
1 600
trade
-
-
-
172
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.

-
-
-
503
health

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

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

-
-
-
59
surtax

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

-
-
-
28
total
-
-
-
762
Employee

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

432
-
1 600
-
health

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

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

59
-
59
-
surtax

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

2
-
28
-
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
-
503
-
total
97
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 168
1 600
-
-
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
175
240
-
-
trade
168
230
-
-
chamber of commerce
3
4
-
-
total
356
487
-
-
Dividends
813
1 114
-
-
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
15
-
-
withholding
200
275
-
-
total
211
290
-
-
Income
1 600
1 600
1 600
1 600
Total tax
664
777
590
762
After tax
936
823
1 010
838
Living cost
335
335
335
335
Free-cash
601
488
675
503

Estimated living cost  is £335 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£626
£646
£340
£340
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
-
-
-
1 600
income
-
-
-
497
social contributions
-
-
-
269
total
-
-
-
766
Employee
679
-
1 600
-
income
128
-
497
-
social contributions
56
-
269
-
total
184
-
766
-
Employer
679
-
1 600
-
total
-
-
-
-
Corporate
921
1 600
-
-
income
115
200
-
-
total
115
200
-
-
Dividends
806
1 400
-
-
withholding
161
280
-
-
total
161
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
460
480
766
766
After tax
1 140
1 120
834
834
Living cost
494
494
494
494
Free-cash
646
626
340
340

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£679
£709
£980
£818
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.

-
-
-
1 600
income
-
-
-
247
health

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

-
-
-
58
total
-
-
-
305
Employee
398
-
1 560
-
income
43
-
387
-
social contributions
40
-
40
-
total
83
-
427
-
Employer
398
-
1 560
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 162
1 600
-
-
income
407
560
-
-
total
407
560
-
-
Dividends
755
1 040
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 600
1 600
1 600
1 600
Total tax
576
606
467
305
After tax
1 024
994
1 133
1 295
Living cost
315
315
315
315
Free-cash
709
679
818
980

Estimated living cost  is £315 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£717
£769
£732
£587
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
-
-
-
1 600
income
-
-
-
464
pensions
-
-
-
80
total
-
-
-
544
Employee
445
-
1 397
-
health
6
-
20
-
income
81
-
368
-
pensions
34
-
98
-
total
121
-
486
-
Employer
445
-
1 397
-
pensions
45
-
176
-
health
8
-
27
-
total
53
-
203
-
Corporate
1 101
1 600
-
-
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.

209
304
-
-
total
209
304
-
-
Dividends
892
1 296
-
-
withholding
124
255
-
-
total
124
255
-
-
Income
1 600
1 600
1 600
1 600
Total tax
507
559
689
544
After tax
1 093
1 041
911
1 056
Living cost
324
324
324
324
Free-cash
769
717
587
732

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

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Warsaw , Poland
-£75
£100
£888
£667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
2
income
-
-
-
447
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
507
Employee
323
-
1 446
-
health
37
-
166
-
income
44
-
342
-
pensions
36
-
66
-
total
117
-
574
-
Employer
323
-
1 446
-
accident
5
-
24
-
unemployment
8
-
35
-
pensions
52
-
95
-
total
65
-
154
-
Corporate
1 212
1 600
-
-
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.

1 090
1 440
-
-
total
1 090
1 440
-
-
Dividends
121
160
-
-
withholding
23
30
-
-
total
23
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 295
1 470
728
507
After tax
305
130
872
1 093
Living cost
205
205
205
205
Free-cash
100
-75
667
888

Estimated living cost  is £205 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
£1229
£1189
£837
£1029
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.

-
-
-
1 600
work injury
-
-
-
7
health insurance
-
-
-
102
income
-
-
-
265
pensions
-
-
-
255
unemployment
-
-
-
17
total
-
-
-
646
Employee

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

187
-
1 600
-
work injury
1
-
3
-
income
19
-
265
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
454
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 413
1 600
-
-
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
1 399
1 584
-
-
withholding
210
238
-
-
total
210
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
294
254
454
646
After tax
1 306
1 346
1 146
954
Living cost
117
117
117
117
Free-cash
1 189
1 229
1 029
837

Estimated living cost  is £117 per week

£72
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
£497
£456
£394
£324
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
-
-
-
1 600
municipal
-
-
-
11
regional
-
-
-
37
national
-
-
-
400
social contributions
-
-
-
412
total
-
-
-
860
Employee
731
-
1 600
-
social contributions
247
-
540
-
regional
11
-
33
-
municipal
4
-
10
-
national
124
-
347
-
total
386
-
930
-
Employer
731
-
1 600
-
total
-
-
-
-
Corporate
869
1 600
-
-
nationa
209
384
-
-
municipal
42
77
-
-
total
251
461
-
-
Dividends
619
1 139
-
-
withholding
161
296
-
-
total
161
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
798
757
930
860
After tax
802
843
670
740
Living cost
346
346
346
346
Free-cash
456
497
324
394

Estimated living cost  is £346 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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