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
£ 1650
per

Your estimated
City
free-cash

Dresden , Germany
£566
£773
£577
£663
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.

-
-
-
1 650
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.

-
-
-
522
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.

-
-
-
29
health

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

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

-
-
-
60
trade
-
-
-
196
total
-
-
-
807
Employee

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

335
-
1 650
-
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
-
29
-
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
-
522
-
health

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

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

60
-
60
-
total
70
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 315
1 650
-
-
income
197
247
-
-
surtax

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

11
14
-
-
chamber of commerce
3
4
-
-
trade
207
260
-
-
total
418
525
-
-
Dividends
896
1 125
-
-
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
221
278
-
-
total
233
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
818
611
807
After tax
929
832
1 039
843
Living cost
266
266
266
266
Free-cash
663
566
773
577

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Dresden model

Close
Reykjavik , Iceland
£566
£516
£505
£557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
18
municipal
-
-
-
181
national
-
-
-
284
pensions
-
-
-
198
total
-
-
-
681
Employee
720
-
1 426
-
municipal
89
-
187
-
pensions
29
-
57
-
national
138
-
297
-
total
256
-
541
-
Employer
720
-
1 426
-
pensions
58
-
114
-
social contributions
8
-
15
-
total
66
-
129
-
Corporate
817
1 650
-
-
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
330
-
-
total
163
330
-
-
Dividends
654
1 320
-
-
withholding
144
290
-
-
total
144
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
629
620
670
681
After tax
1 021
1 030
980
969
Living cost
464
464
464
464
Free-cash
557
566
516
505

Estimated living cost  is £464 per week

£316
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.
£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.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1138
£517
£396
£1066
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.

-
-
-
1 650
income
-
-
-
315
surtax
-
-
-
421
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.

-
-
-
336
microenterprise
-
-
-
-
total
-
-
-
1 072
Employee
256
-
1 260
-
surtax
-
-
183
-
social contributions

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

28
-
115
-
income
46
-
262
-
total
74
-
560
-
Employer
256
-
1 260
-
social contributions

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

62
-
252
-
surtax
-
-
139
-
total
62
-
391
-
Corporate
1 332
1 650
-
-
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%.

266
330
-
-
total
266
330
-
-
Dividends

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

1 066
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
402
330
951
1 072
After tax
1 248
1 320
699
578
Living cost
182
182
182
182
Free-cash
1 066
1 138
517
396

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Riga model

Close
Rotterdam , Netherlands
£451
£675
£536
£397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
536
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
747
Employee
749
749
1 487
-
pensions
135
103
103
-
income

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

123
123
234
-
health
115
98
108
-
total
373
324
445
-
Employer
749
749
1 487
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
779
770
-
-
income
156
154
-
-
total
156
154
-
-
Dividends
623
616
-
-
income
132
131
-
-
withholding
94
92
-
-
total
226
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
886
832
608
747
After tax
764
818
1 042
903
Living cost
367
367
367
367
Free-cash
397
451
675
536

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£540
£473
£482
£531
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
-
-
-
1 650
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
424
national
-
-
-
154
pensions
-
-
-
85
total
-
-
-
807
Employee
514
-
1 402
-
municipal
153
-
418
-
national
-
-
149
-
total
153
-
567
-
Employer
514
-
1 402
-
health
32
-
49
-
pensions
56
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
163
-
249
-
Corporate
975
1 650
-
-
income
214
363
-
-
total
214
363
-
-
Dividends
760
1 287
-
-
withholding
228
386
-
-
total
228
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
758
749
816
807
After tax
892
901
834
843
Living cost
361
361
361
361
Free-cash
531
540
473
482

Estimated living cost  is £361 per week

£239
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.
£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 Stockholm model

Close
Hamburg , Germany
£480
£695
£491
£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

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

-
-
-
1 650
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.

-
-
-
522
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.

-
-
-
29
health

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

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

-
-
-
60
trade
-
-
-
204
total
-
-
-
815
Employee

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

445
-
1 650
-
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
-
29
-
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
-
522
-
health

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

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

60
-
60
-
total
100
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 205
1 650
-
-
income
181
247
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
198
271
-
-
total
392
536
-
-
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
1 650
1 650
1 650
1 650
Total tax
703
826
611
815
After tax
947
824
1 039
835
Living cost
344
344
344
344
Free-cash
603
480
695
491

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£921
£825
£838
£882
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
-
-
-
1 650
income
-
-
-
344
social contributions
-
-
-
142
health
-
-
-
42
total
-
-
-
528
Employee
674
674
1 546
-
social contributions
33
56
75
-
income
71
62
336
-
health
7
11
26
-
total
111
129
437
-
Employer
674
674
1 546
-
health
7
12
29
-
social contributions
33
56
75
-
total
40
68
104
-
Corporate
1 215
907
-
-
income
152
113
-
-
total
152
113
-
-
Dividends
1 063
794
-
-
withholding
181
135
-
-
total
181
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
484
445
541
528
After tax
1 166
1 205
1 109
1 122
Living cost
284
284
284
284
Free-cash
882
921
825
838

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£768
£796
£983
£771
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
-
-
-
1 650
income
-
-
-
202
unemployment
-
-
-
25
health
-
-
-
115
pensions
-
-
-
165
total
-
-
-
507
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.

232
92
1 381
-
unemployment
3
1
21
-
pensions
23
9
138
-
income
28
11
169
-
health
16
6
97
-
total
70
27
425
-
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.

232
92
1 381
-
pensions
45
18
269
-
total
45
18
269
-
Corporate
1 373
1 540
-
-
income
124
139
-
-
total
124
139
-
-
Dividends
1 250
1 401
-
-
social contributions
243
272
-
-
withholding
237
266
-
-
total
480
538
-
-
Income
1 650
1 650
1 650
1 650
Total tax
719
722
694
507
After tax
931
928
956
1 143
Living cost
160
160
160
160
Free-cash
771
768
796
983

Estimated living cost  is £160 per week

£109
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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1108
£738
£673
£1054
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
-
-
-
1 650
income
-
-
-
221
health
-
-
-
214
pensions
-
-
-
330
total
-
-
-
765
Employee
249
-
1 233
-
unemployment
4
-
20
-
pensions
5
-
25
-
income
28
-
238
-
total
37
-
283
-
Employer
249
-
1 233
-
health
32
-
160
-
pensions
50
-
247
-
unemployment
2
-
10
-
total
84
-
417
-
Corporate
1 317
1 650
-
-
income
263
330
-
-
total
263
330
-
-
Dividends
1 054
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
384
330
700
765
After tax
1 266
1 320
950
885
Living cost
212
212
212
212
Free-cash
1 054
1 108
738
673

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£61
£703
£933
£104
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
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
307
-
1 491
-
pensions
35
-
68
-
income
42
-
353
-
health
35
-
171
-
total
112
-
592
-
Employer
307
-
1 491
-
pensions
50
-
98
-
accident
5
-
25
-
unemployment
8
-
37
-
total
63
-
160
-
Corporate
1 280
1 650
-
-
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.

1 152
1 485
-
-
total
1 152
1 485
-
-
Dividends
128
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 351
1 516
752
522
After tax
299
134
898
1 128
Living cost
195
195
195
195
Free-cash
104
-61
703
933

Estimated living cost  is £195 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1495
£1248
£1561
£1482
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%.

-
-
-
1 650
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
90
-
1 650
-
income
18
-
330
-
total
18
-
330
-
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%.

1 560
1 650
-
-
total
-
-
-
-
Dividends
1 560
1 650
-
-
withholding
78
83
-
-
total
78
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
96
83
330
17
After tax
1 554
1 567
1 320
1 633
Living cost
72
72
72
72
Free-cash
1 482
1 495
1 248
1 561

Estimated living cost  is £72 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
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
£978
£700
£709
£920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
265
other
-
-
-
63
health
-
-
-
59
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.

-
-
-
320
total
-
-
-
707
Employee
318
-
1 318
-
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.

22
-
92
-
income
55
-
261
-
health
4
-
18
-
total
84
-
384
-
Employer
318
-
1 318
-
health
4
-
18
-
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
-
224
-
accident
3
-
11
-
unemployment
3
-
13
-
other
16
-
66
-
total
80
-
332
-
Corporate
1 251
1 650
-
-
income
263
347
-
-
total
263
347
-
-
Dividends
989
1 303
-
-
withholding
69
91
-
-
total
69
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
438
716
707
After tax
1 154
1 212
934
943
Living cost
234
234
234
234
Free-cash
920
978
700
709

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£484
£354
£502
£531
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
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
826
-
1 440
-
pensions
80
-
99
-
income
149
-
384
-
health
14
-
20
-
total
243
-
503
-
Employer
826
-
1 440
-
health
16
-
27
-
pensions
98
-
182
-
total
114
-
209
-
Corporate
710
1 650
-
-
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.

135
314
-
-
total
135
314
-
-
Dividends
575
1 336
-
-
withholding
43
268
-
-
total
43
268
-
-
Income
1 650
1 650
1 650
1 650
Total tax
535
582
712
564
After tax
1 115
1 068
938
1 086
Living cost
584
584
584
584
Free-cash
531
484
354
502

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
£1296
£1272
£1207
£1254
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
-
-
-
1 650
income
-
-
-
247
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
328
Employee
152
-
1 590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
159
-
health
7
-
14
-
total
37
-
203
-
Employer
152
-
1 590
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
1 468
1 650
-
-
income
147
165
-
-
total
147
165
-
-
Dividends
1 321
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
281
239
263
328
After tax
1 369
1 411
1 387
1 322
Living cost
115
115
115
115
Free-cash
1 254
1 296
1 272
1 207

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Varna model

Close
Amsterdam , Netherlands
£332
£556
£417
£355
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
-
-
-
1 650
income
-
-
-
536
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
747
Employee
813
749
1 487
-
pensions
103
103
103
-
income

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

123
123
234
-
health
101
98
108
-
total
327
324
445
-
Employer
813
749
1 487
-
health
56
52
65
-
pensions
57
52
65
-
unemployment
29
27
33
-
total
142
131
163
-
Corporate
695
770
-
-
income
139
154
-
-
total
139
154
-
-
Dividends
556
616
-
-
income
118
131
-
-
withholding
83
92
-
-
total
201
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
809
832
608
747
After tax
841
818
1 042
903
Living cost
486
486
486
486
Free-cash
355
332
556
417

Estimated living cost  is £486 per week

£359
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£919
£655
£726
£841
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
-
-
-
1 650
income
-
-
-
167
social contributions
-
-
-
313
solidarity contribution
-
-
-
3
health
-
-
-
223
total
-
-
-
706
Employee
320
-
1 268
-
solidarity contribution
-
-
-
-
social contributions
21
-
70
-
income
38
-
154
-
health
43
-
171
-
total
102
-
395
-
Employer
320
-
1 268
-
health
29
-
114
-
social contributions
80
-
268
-
total
109
-
382
-
Corporate
1 221
1 650
-
-
income
232
313
-
-
total
232
313
-
-
Dividends
989
1 337
-
-
withholding
148
200
-
-
total
148
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
591
513
777
706
After tax
1 059
1 137
873
944
Living cost
218
218
218
218
Free-cash
841
919
655
726

Estimated living cost  is £218 per week

£151
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.
£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 Brno model

Close
Milan , Italy
£511
£338
£412
£465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
20
municipal
-
-
-
10
national
-
-
-
414
total
-
-
-
868
Employee
779
-
1 650
-
municipal
4
-
9
-
national
135
-
360
-
regional
7
-
17
-
social contributions
263
-
556
-
total
409
-
942
-
Employer
779
-
1 650
-
total
-
-
-
-
Corporate
871
1 650
-
-
municipal
34
64
-
-
nationa
209
396
-
-
total
243
460
-
-
Dividends
628
1 190
-
-
withholding
163
309
-
-
total
163
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
815
769
942
868
After tax
835
881
708
782
Living cost
370
370
370
370
Free-cash
465
511
338
412

Estimated living cost  is £370 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£845
£534
£586
£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
-
-
-
1 650
income
-
-
-
476
other
-
-
-
-
surtax
-
-
-
76
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
871
Employee
290
-
1 404
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
65
-
income
49
-
423
-
health
7
-
30
-
total
96
-
677
-
Employer
290
-
1 404
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 299
1 650
-
-
income
338
429
-
-
total
338
429
-
-
Dividends
961
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
923
871
After tax
1 011
1 038
727
779
Living cost
193
193
193
193
Free-cash
818
845
534
586

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£669
£539
£687
£726
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
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
554
-
1 440
-
pensions
47
-
99
-
income
100
-
384
-
health
8
-
20
-
total
155
-
503
-
Employer
554
-
1 440
-
health
11
-
27
-
pensions
60
-
182
-
total
71
-
209
-
Corporate
1 026
1 650
-
-
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.

195
314
-
-
total
195
314
-
-
Dividends
831
1 336
-
-
withholding
104
268
-
-
total
104
268
-
-
Income
1 650
1 650
1 650
1 650
Total tax
525
582
712
564
After tax
1 125
1 068
938
1 086
Living cost
399
399
399
399
Free-cash
726
669
539
687

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
£62
£563
£638
£358
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
-
-
-
1 650
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.

-
-
-
33
regional
-
-
-
83
health
-
-
-
4
city
-
-
-
17
national
-
-
-
30
pensions
-
-
-
152
total
-
-
-
319
Employee
811
-
1 477
-
unemployment
-
-
-
-
pensions
68
-
124
-
national
4
-
22
-
regional
27
-
72
-
city
9
-
16
-
health
2
-
3
-
total
110
-
237
-
Employer
811
-
1 477
-
health
2
-
3
-
pensions
68
-
124
-
unemployment
-
-
-
-
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
-
30
-
total
86
-
157
-
Corporate
743
1 650
-
-
regional
157
349
-
-
national
63
140
-
-
total
220
489
-
-
Dividends
523
1 161
-
-
withholding
183
406
-
-
total
183
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
599
895
394
319
After tax
1 051
755
1 256
1 331
Living cost
693
693
693
693
Free-cash
358
62
563
638

Estimated living cost  is £693 per week

£451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
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.
£172
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
£413
£637
£424
£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

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

-
-
-
1 650
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.

-
-
-
522
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.

-
-
-
29
health

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

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

-
-
-
60
trade
-
-
-
213
total
-
-
-
824
Employee

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

527
-
1 650
-
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
-
29
-
income

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

62
-
522
-
health

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

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

60
-
60
-
total
125
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 123
1 650
-
-
income
168
247
-
-
surtax

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

9
14
-
-
chamber of commerce
3
4
-
-
trade
193
283
-
-
total
373
548
-
-
Dividends
750
1 102
-
-
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
184
272
-
-
total
194
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
692
835
611
824
After tax
958
815
1 039
826
Living cost
402
402
402
402
Free-cash
556
413
637
424

Estimated living cost  is £402 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£532
£595
£628
£584
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
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
375
-
1 273
-
pensions
42
-
90
-
surtax
-
-
-
-
social contributions
11
-
36
-
income
22
-
251
-
total
75
-
377
-
Employer
375
-
1 273
-
health
26
-
120
-
pensions
62
-
152
-
unemployment
15
-
52
-
social contributions
1
-
4
-
other
13
-
50
-
total
117
-
378
-
Corporate
1 158
1 650
-
-
income
324
462
-
-
surtax
-
-
-
-
total
324
462
-
-
Dividends
833
1 188
-
-
surtax
-
-
-
-
social contributions
143
204
-
-
withholding
107
152
-
-
total
250
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
766
818
755
722
After tax
884
832
895
928
Living cost
300
300
300
300
Free-cash
584
532
595
628

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£562
£625
£658
£609
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
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
335
-
1 273
-
pensions
38
-
90
-
surtax
-
-
-
-
social contributions
10
-
36
-
income
17
-
251
-
total
65
-
377
-
Employer
335
-
1 273
-
health
23
-
120
-
pensions
55
-
152
-
unemployment
14
-
52
-
social contributions
1
-
4
-
other
12
-
50
-
total
105
-
378
-
Corporate
1 210
1 650
-
-
income
339
462
-
-
surtax
-
-
-
-
total
339
462
-
-
Dividends
872
1 188
-
-
surtax
-
-
-
-
social contributions
150
204
-
-
withholding
112
152
-
-
total
262
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
771
818
755
722
After tax
879
832
895
928
Living cost
270
270
270
270
Free-cash
609
562
625
658

Estimated living cost  is £270 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£822
£836
£874
£824
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
-
-
-
1 650
income
-
-
-
247
social contributions
-
-
-
228
health
-
-
-
115
total
-
-
-
590
Employee
297
-
1 650
-
social contributions
41
-
228
-
income
50
-
285
-
health
21
-
115
-
total
112
-
628
-
Employer
297
-
1 650
-
total
-
-
-
-
Corporate
1 353
1 650
-
-
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%.

68
82
-
-
total
68
82
-
-
Dividends
1 285
1 568
-
-
social contributions
177
216
-
-
withholding
193
235
-
-
health
90
109
-
-
total
460
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
640
642
628
590
After tax
1 010
1 008
1 022
1 060
Living cost
186
186
186
186
Free-cash
824
822
836
874

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£603
£126
£538
£588
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
-
-
-
1 650
income
-
-
-
473
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
803
Employee
438
349
1 331
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
385
-
health
17
14
40
-
total
129
89
571
-
Employer
438
349
1 331
-
chamber of commerce
2
1
5
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
40
-
other
21
17
61
-
total
129
102
320
-
Corporate
1 084
1 198
1 298
-
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.

271
300
324
-
total
271
300
324
-
Dividends
813
899
-
-
withholding
224
247
-
-
total
224
247
-
-
Income
1 650
1 650
1 650
1 650
Total tax
753
738
1 215
803
After tax
897
912
435
847
Living cost
309
309
309
309
Free-cash
588
603
126
538

Estimated living cost  is £309 per week

£206
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
£602
£254
£395
£472
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
-
-
-
1 650
communal

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

-
-
-
86
social contributions
-
-
-
219
national
-
-
-
630
total
-
-
-
935
Employee

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

627
-
1 278
-
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
-
communal

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

33
-
67
-
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
-
96
-
national
193
-
469
-
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
-
60
-
total
307
-
703
-
Employer

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

627
-
1 278
-
health

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

39
-
79
-
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.

56
-
113
-
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
-
17
-
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
-
19
-
surtax
71
-
145
-
total
183
-
373
-
Corporate
840
1 650
-
-
income
168
330
-
-
surtax
3
7
-
-
total
171
337
-
-
Dividends
669
1 313
-
-
withholding

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

197
391
-
-
total
197
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
858
728
1 076
935
After tax
792
922
574
715
Living cost
320
320
320
320
Free-cash
472
602
254
395

Estimated living cost  is £320 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£782
£570
£608
£722
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
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
481
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
725
Employee
436
-
1 391
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
451
-
total
120
-
503
-
Employer
436
-
1 391
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
Corporate
1 074
1 650
-
-
income

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

161
247
-
-
total
161
247
-
-
Dividends
913
1 403
-
-
withholding
191
304
-
-
total
191
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
611
551
763
725
After tax
1 039
1 099
887
925
Living cost
317
317
317
317
Free-cash
722
782
570
608

Estimated living cost  is £317 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£483
£394
£328
£366
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
-
-
-
1 650
communal
-
-
-
104
accident
-
-
-
14
income
-
-
-
283
surtax
-
-
-
82
health
-
-
-
116
pensions
-
-
-
247
total
-
-
-
846
Employee
664
-
1 474
-
pensions
53
-
118
-
surtax
41
-
90
-
income
64
-
330
-
health
30
-
66
-
total
188
-
604
-
Employer
664
-
1 474
-
health
20
-
45
-
pensions
53
-
118
-
accident
6
-
13
-
total
79
-
176
-
Corporate
907
1 650
-
-
communal
61
111
-
-
income
136
247
-
-
surtax
10
17
-
-
total
207
375
-
-
Dividends
700
1 274
-
-
income
229
125
-
-
withholding
105
191
-
-
total
334
316
-
-
Income
1 650
1 650
1 650
1 650
Total tax
808
691
780
846
After tax
842
959
870
804
Living cost
476
476
476
476
Free-cash
366
483
394
328

Estimated living cost  is £476 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£841
£530
£582
£814
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
-
-
-
1 650
income
-
-
-
476
other
-
-
-
-
surtax
-
-
-
76
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
871
Employee
295
-
1 404
-
other
-
-
-
-
unemployment
21
-
81
-
pensions
20
-
78
-
surtax
1
-
65
-
income
49
-
423
-
health
8
-
30
-
total
99
-
677
-
Employer
295
-
1 404
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 293
1 650
-
-
income
336
429
-
-
total
336
429
-
-
Dividends
957
1 221
-
-
withholding
143
183
-
-
total
143
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
923
871
After tax
1 011
1 038
727
779
Living cost
197
197
197
197
Free-cash
814
841
530
582

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£631
£467
£541
£611
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
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
25
municipal
-
-
-
10
national
-
-
-
414
total
-
-
-
873
Employee
486
-
1 650
-
municipal
3
-
9
-
national
77
-
360
-
regional
7
-
22
-
social contributions
164
-
556
-
total
251
-
947
-
Employer
486
-
1 650
-
total
-
-
-
-
Corporate
1 164
1 650
-
-
municipal
58
82
-
-
nationa
279
396
-
-
total
337
478
-
-
Dividends
827
1 172
-
-
withholding
215
305
-
-
total
215
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
803
783
947
873
After tax
847
867
703
777
Living cost
236
236
236
236
Free-cash
611
631
467
541

Estimated living cost  is £236 per week

£147
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
£869
£605
£676
£772
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
-
-
-
1 650
income
-
-
-
167
social contributions
-
-
-
313
solidarity contribution
-
-
-
3
health
-
-
-
223
total
-
-
-
706
Employee
395
-
1 268
-
solidarity contribution
-
-
-
-
social contributions
26
-
70
-
income
47
-
154
-
health
53
-
171
-
total
126
-
395
-
Employer
395
-
1 268
-
health
36
-
114
-
social contributions
99
-
268
-
total
135
-
382
-
Corporate
1 121
1 650
-
-
income
213
313
-
-
total
213
313
-
-
Dividends
908
1 337
-
-
withholding
136
200
-
-
total
136
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
610
513
777
706
After tax
1 040
1 137
873
944
Living cost
268
268
268
268
Free-cash
772
869
605
676

Estimated living cost  is £268 per week

£200
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.
£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 Prague model

Close
Graz , Austria
£633
£155
£569
£630
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
-
-
-
1 650
income
-
-
-
473
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
801
Employee
383
349
1 333
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
386
-
health
15
14
40
-
total
103
89
572
-
Employer
383
349
1 333
-
chamber of commerce
2
1
5
-
health
14
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
40
-
other
18
17
61
-
total
109
100
318
-
Corporate
1 156
1 200
1 299
-
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.

289
300
325
-
total
289
300
325
-
Dividends
867
900
-
-
withholding
239
248
-
-
total
239
248
-
-
Income
1 650
1 650
1 650
1 650
Total tax
740
737
1 215
801
After tax
910
913
435
849
Living cost
280
280
280
280
Free-cash
630
633
155
569

Estimated living cost  is £280 per week

£168
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.
£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
£1455
£1208
£1521
£1434
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%.

-
-
-
1 650
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
140
-
1 650
-
income
28
-
330
-
total
28
-
330
-
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%.

1 510
1 650
-
-
total
-
-
-
-
Dividends
1 510
1 650
-
-
withholding
76
83
-
-
total
76
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
104
83
330
17
After tax
1 546
1 567
1 320
1 633
Living cost
112
112
112
112
Free-cash
1 434
1 455
1 208
1 521

Estimated living cost  is £112 per week

£76
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.
£28
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
£902
£523
£566
£828
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.

-
-
-
1 650
income
-
-
-
384
unemployment
-
-
-
2
health
-
-
-
162
pensions
-
-
-
301
total
-
-
-
849
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.

388
-
1 428
-
unemployment
1
-
2
-
pensions
60
-
221
-
income
67
-
355
-
health
25
-
92
-
total
153
-
670
-
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.

388
-
1 428
-
health
26
-
95
-
pensions
34
-
126
-
unemployment
-
-
1
-
total
60
-
222
-
Corporate
1 202
1 650
-
-
income
228
313
-
-
total
228
313
-
-
Dividends
974
1 337
-
-
withholding
146
200
-
-
total
146
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
587
513
892
849
After tax
1 063
1 137
758
801
Living cost
235
235
235
235
Free-cash
828
902
523
566

Estimated living cost  is £235 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£620
£1149
£756
£198
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
-
-
-
1 650
income
-
-
-
322
social contributions
-
-
-
188
total
-
-
-
510
Employee
551
-
-
-
social contributions
45
-
6
-
income
121
-
-
-
total
166
-
6
-
Employer
551
-
-
-
social contributions
776
-
111
-
total
776
-
111
-
Corporate
323
1 650
-
-
income
71
363
-
-
total
71
363
-
-
Dividends
252
1 287
-
-
income
55
283
-
-
total
55
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 068
646
117
510
After tax
582
1 004
1 533
1 140
Living cost
384
384
384
384
Free-cash
198
620
1 149
756

Estimated living cost  is £384 per week

£249
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£663
£476
£602
£654
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.

-
-
-
1 650
income
-
-
-
200
surtax
-
-
-
-
social contributions

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

-
-
-
573
total
-
-
-
773
Employee
403
-
1 333
-
surtax
-
-
-
-
social contributions
44
-
147
-
income
84
-
435
-
total
128
-
582
-
Employer
403
-
1 333
-
social contributions
96
-
317
-
total
96
-
317
-
Corporate
1 151
1 650
-
-
income
242
347
-
-
surtax
-
-
-
-
total
242
347
-
-
Dividends
909
1 303
-
-
withholding
255
365
-
-
total
255
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
712
899
773
After tax
929
938
751
877
Living cost
275
275
275
275
Free-cash
654
663
476
602

Estimated living cost  is £275 per week

£206
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
£409
£472
£505
£469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
549
-
1 273
-
pensions
62
-
90
-
surtax
-
-
-
-
social contributions
16
-
36
-
income
48
-
251
-
total
126
-
377
-
Employer
549
-
1 273
-
health
38
-
120
-
pensions
90
-
152
-
unemployment
22
-
52
-
social contributions
2
-
4
-
other
19
-
50
-
total
171
-
378
-
Corporate
929
1 650
-
-
income
260
462
-
-
surtax
-
-
-
-
total
260
462
-
-
Dividends
669
1 188
-
-
surtax
-
-
-
-
social contributions
115
204
-
-
withholding
86
152
-
-
total
201
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
758
818
755
722
After tax
892
832
895
928
Living cost
423
423
423
423
Free-cash
469
409
472
505

Estimated living cost  is £423 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1221
£992
£948
£1192
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
-
-
-
1 650
income
-
-
-
75
social contributions
-
-
-
363
total
-
-
-
438
Employee
282
-
1 429
-
income
-
-
80
-
social contributions
18
-
93
-
total
18
-
173
-
Employer
282
-
1 429
-
social contributions
44
-
221
-
total
44
-
221
-
Corporate
1 324
1 650
-
-
income
132
165
-
-
total
132
165
-
-
Dividends
1 192
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
194
165
394
438
After tax
1 456
1 485
1 256
1 212
Living cost
264
264
264
264
Free-cash
1 192
1 221
992
948

Estimated living cost  is £264 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£260
-£260
£545
-£260
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
-
-
-
1 650
labour market
-
-
-
131
municipal
-
-
-
347
national
-
-
-
197
pensions
-
-
-
8
total
-
-
-
683
Employee
1 781
1 781
1 781
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
218
218
218
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
380
380
380
-
total
746
746
746
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 488
1 488
1 488
683
After tax
162
162
162
967
Living cost
422
422
422
422
Free-cash
-260
-260
-260
545

Estimated living cost  is £422 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£58
£706
£936
£105
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
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
303
-
1 491
-
pensions
34
-
68
-
income
42
-
353
-
health
35
-
171
-
total
111
-
592
-
Employer
303
-
1 491
-
pensions
49
-
98
-
accident
5
-
25
-
unemployment
7
-
37
-
total
61
-
160
-
Corporate
1 286
1 650
-
-
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.

1 157
1 485
-
-
total
1 157
1 485
-
-
Dividends
129
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 353
1 516
752
522
After tax
297
134
898
1 128
Living cost
192
192
192
192
Free-cash
105
-58
706
936

Estimated living cost  is £192 per week

£140
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.
£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

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
£691
£521
£712
£715
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

-
-
-
1 650
health
-
-
-
22
municipal
-
-
-
293
national
-
-
-
286
total
-
-
-
601
Employee
461
-
1 388
-
municipal
76
-
226
-
unemployment
7
-
21
-
pensions
31
-
94
-
national
8
-
171
-
health
3
-
18
-
total
125
-
530
-
Employer
461
-
1 388
-
health
4
-
11
-
pensions
80
-
241
-
accident
-
-
1
-
unemployment
3
-
9
-
total
87
-
262
-
Corporate
1 102
1 650
-
-
income
220
330
-
-
total
220
330
-
-
Dividends

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

661
990
-
-
municipal
119
178
-
-
national
47
114
-
-
total
166
292
-
-
Income
1 650
1 650
1 650
1 650
Total tax
598
622
792
601
After tax
1 052
1 028
858
1 049
Living cost
337
337
337
337
Free-cash
715
691
521
712

Estimated living cost  is £337 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1002
£906
£919
£954
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
-
-
-
1 650
income
-
-
-
344
social contributions
-
-
-
142
health
-
-
-
42
total
-
-
-
528
Employee
674
674
1 546
-
social contributions
25
56
75
-
income
73
62
336
-
health
5
11
26
-
total
103
129
437
-
Employer
674
674
1 546
-
health
6
12
29
-
social contributions
25
56
75
-
total
31
68
104
-
Corporate
1 312
907
-
-
income
164
113
-
-
total
164
113
-
-
Dividends
1 148
794
-
-
withholding
195
135
-
-
total
195
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
493
445
541
528
After tax
1 157
1 205
1 109
1 122
Living cost
203
203
203
203
Free-cash
954
1 002
906
919

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1228
£1078
£1254
£1182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
1 650
income
-
-
-
169
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
257
Employee

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

201
-
1 564
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
147
-
health
17
-
71
-
total
62
-
347
-
Employer

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

201
-
1 564
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 428
1 650
-
-
income
129
148
-
-
total
129
148
-
-
Dividends
1 300
1 502
-
-
withholding
117
135
-
-
total
117
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
329
283
433
257
After tax
1 321
1 367
1 217
1 393
Living cost
139
139
139
139
Free-cash
1 182
1 228
1 078
1 254

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£858
£646
£684
£819
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
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
481
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
725
Employee
324
-
1 391
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
451
-
total
83
-
503
-
Employer
324
-
1 391
-
pensions
77
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
104
-
260
-
Corporate
1 222
1 650
-
-
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.

183
247
-
-
total
183
247
-
-
Dividends
1 039
1 403
-
-
withholding
220
304
-
-
total
220
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
590
551
763
725
After tax
1 060
1 099
887
925
Living cost
241
241
241
241
Free-cash
819
858
646
684

Estimated living cost  is £241 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1013
£1044
£1045
£1011
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
-
-
-
1 650
income
-
-
-
566
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
588
Employee
26
-
1 636
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
565
-
health
1
-
3
-
total
8
-
575
-
Employer
26
-
1 636
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
1 618
1 650
-
-
income
356
363
-
-
total
356
363
-
-
Dividends
1 262
1 287
-
-
withholding
252
257
-
-
total
252
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
622
620
589
588
After tax
1 028
1 030
1 061
1 062
Living cost
17
17
17
17
Free-cash
1 011
1 013
1 044
1 045

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
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.
£5
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
£1041
£877
£876
£996
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.

-
-
-
1 650
income
-
-
-
376
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
622
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.

229
-
1 534
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
32
-
376
-
health
12
-
33
-
total
78
-
505
-
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.

229
-
1 534
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 380
1 650
-
-
income
207
247
-
-
total
207
247
-
-
Dividends
1 173
1 403
-
-
withholding
176
210
-
-
total
176
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
502
457
621
622
After tax
1 148
1 193
1 029
1 028
Living cost
152
152
152
152
Free-cash
996
1 041
877
876

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£702
£515
£641
£700
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.

-
-
-
1 650
income
-
-
-
200
surtax
-
-
-
-
social contributions

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

-
-
-
573
total
-
-
-
773
Employee
340
-
1 333
-
surtax
-
-
-
-
social contributions
37
-
147
-
income
66
-
435
-
total
103
-
582
-
Employer
340
-
1 333
-
social contributions
81
-
317
-
total
81
-
317
-
Corporate
1 229
1 650
-
-
income
258
347
-
-
surtax
-
-
-
-
total
258
347
-
-
Dividends
971
1 303
-
-
withholding
272
365
-
-
total
272
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
714
712
899
773
After tax
936
938
751
877
Living cost
236
236
236
236
Free-cash
700
702
515
641

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£791
£579
£617
£734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
481
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
725
Employee
423
-
1 391
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
451
-
total
115
-
503
-
Employer
423
-
1 391
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
Corporate
1 092
1 650
-
-
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.

164
247
-
-
total
164
247
-
-
Dividends
928
1 403
-
-
withholding
195
304
-
-
total
195
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
608
551
763
725
After tax
1 042
1 099
887
925
Living cost
308
308
308
308
Free-cash
734
791
579
617

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
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
£1260
£1236
£1171
£1207
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
-
-
-
1 650
income
-
-
-
247
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
328
Employee
200
-
1 590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
159
-
health
9
-
14
-
total
49
-
203
-
Employer
200
-
1 590
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 411
1 650
-
-
income
141
165
-
-
total
141
165
-
-
Dividends
1 270
1 485
-
-
withholding
63
74
-
-
total
63
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
292
239
263
328
After tax
1 358
1 411
1 387
1 322
Living cost
151
151
151
151
Free-cash
1 207
1 260
1 236
1 171

Estimated living cost  is £151 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£510
£700
£522
£626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
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.

-
-
-
522
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.

-
-
-
29
health

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

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

-
-
-
60
trade
-
-
-
178
total
-
-
-
789
Employee

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

436
-
1 650
-
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
-
29
-
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
-
522
-
health

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

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

60
-
60
-
total
98
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 214
1 650
-
-
income
182
247
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
174
237
-
-
total
369
502
-
-
Dividends
844
1 148
-
-
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
16
-
-
withholding
208
284
-
-
total
219
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
686
802
611
789
After tax
964
848
1 039
861
Living cost
339
339
339
339
Free-cash
626
510
700
522

Estimated living cost  is £339 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£656
£358
£358
£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
-
-
-
1 650
income
-
-
-
515
social contributions
-
-
-
278
total
-
-
-
793
Employee
686
-
1 650
-
income
129
-
515
-
social contributions
57
-
278
-
total
186
-
793
-
Employer
686
-
1 650
-
total
-
-
-
-
Corporate
964
1 650
-
-
income
121
206
-
-
total
121
206
-
-
Dividends
844
1 444
-
-
withholding
169
289
-
-
total
169
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
476
495
793
793
After tax
1 174
1 155
857
857
Living cost
499
499
499
499
Free-cash
675
656
358
358

Estimated living cost  is £499 per week

£380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£709
£849
£1029
£739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 650
income
-
-
-
250
health

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

-
-
-
53
total
-
-
-
303
Employee
402
-
1 610
-
income
44
-
403
-
social contributions
40
-
40
-
total
84
-
443
-
Employer
402
-
1 610
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 207
1 650
-
-
income
423
577
-
-
total
423
577
-
-
Dividends
785
1 073
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 650
1 650
1 650
1 650
Total tax
593
623
483
303
After tax
1 057
1 027
1 167
1 347
Living cost
318
318
318
318
Free-cash
739
709
849
1 029

Estimated living cost  is £318 per week

£210
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£744
£614
£762
£796
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
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
445
-
1 440
-
pensions
34
-
99
-
income
81
-
384
-
health
6
-
20
-
total
121
-
503
-
Employer
445
-
1 440
-
health
8
-
27
-
pensions
45
-
182
-
total
53
-
209
-
Corporate
1 151
1 650
-
-
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.

219
314
-
-
total
219
314
-
-
Dividends
933
1 336
-
-
withholding
137
268
-
-
total
137
268
-
-
Income
1 650
1 650
1 650
1 650
Total tax
530
582
712
564
After tax
1 120
1 068
938
1 086
Living cost
324
324
324
324
Free-cash
796
744
614
762

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£77
£687
£917
£101
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
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
332
-
1 491
-
pensions
37
-
68
-
income
46
-
353
-
health
38
-
171
-
total
121
-
592
-
Employer
332
-
1 491
-
pensions
54
-
98
-
accident
6
-
25
-
unemployment
8
-
37
-
total
68
-
160
-
Corporate
1 250
1 650
-
-
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.

1 125
1 485
-
-
total
1 125
1 485
-
-
Dividends
125
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 338
1 516
752
522
After tax
312
134
898
1 128
Living cost
211
211
211
211
Free-cash
101
-77
687
917

Estimated living cost  is £211 per week

£155
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.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1144
£1065
£872
£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

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.

-
-
-
1 650
income
-
-
-
274
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
258
total
-
-
-
660
Employee

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

190
-
1 650
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
274
-
total
71
-
467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 460
1 650
-
-
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%.

15
165
-
-
total
15
165
-
-
Dividends
1 446
1 485
-
-
withholding
217
223
-
-
total
217
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
303
388
467
660
After tax
1 347
1 262
1 183
990
Living cost
118
118
118
118
Free-cash
1 229
1 144
1 065
872

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£520
£341
£414
£480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
38
municipal
-
-
-
11
national
-
-
-
414
total
-
-
-
887
Employee
739
-
1 650
-
municipal
4
-
10
-
national
125
-
360
-
regional
11
-
34
-
social contributions
249
-
556
-
total
389
-
960
-
Employer
739
-
1 650
-
total
-
-
-
-
Corporate
911
1 650
-
-
municipal
44
80
-
-
nationa
219
396
-
-
total
263
476
-
-
Dividends
649
1 174
-
-
withholding
169
305
-
-
total
169
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
821
781
960
887
After tax
829
869
690
763
Living cost
349
349
349
349
Free-cash
480
520
341
414

Estimated living cost  is £349 per week

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

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Estimated living cost

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