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
£660
£562
£771
£576
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
trade
-
-
-
195
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.

-
-
-
519
health

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

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

-
-
-
61
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
total
-
-
-
804
Employee

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

340
-
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
-
health

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

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

61
-
61
-
income

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

10
-
519
-
total
72
-
609
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 310
1 650
-
-
trade
206
260
-
-
income
196
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
-
-
total
416
525
-
-
Dividends
893
1 125
-
-
withholding
220
278
-
-
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
-
-
total
232
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
818
609
804
After tax
930
832
1 041
846
Living cost
270
270
270
270
Free-cash
660
562
771
576

Estimated living cost  is £270 per week

£170
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.
£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 Dresden model

Close
Reykjavik , Iceland
£567
£575
£521
£512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
18
pensions
-
-
-
198
municipal
-
-
-
181
national
-
-
-
286
total
-
-
-
683
Employee
705
-
1 426
-
national
135
-
300
-
municipal
87
-
188
-
pensions
28
-
57
-
total
250
-
545
-
Employer
705
-
1 426
-
pensions
56
-
114
-
social contributions
8
-
15
-
total
64
-
129
-
Corporate
835
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%.

167
330
-
-
total
167
330
-
-
Dividends
668
1 320
-
-
withholding
147
290
-
-
total
147
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
628
620
674
683
After tax
1 022
1 030
976
967
Living cost
455
455
455
455
Free-cash
567
575
521
512

Estimated living cost  is £455 per week

£309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
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.
£97
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
£1062
£1135
£513
£391
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
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.

-
-
-
341
income
-
-
-
312
microenterprise
-
-
-
-
surtax
-
-
-
421
total
-
-
-
1 074
Employee
260
-
1 256
-
surtax
-
-
182
-
social contributions

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

29
-
117
-
income
46
-
259
-
total
75
-
558
-
Employer
260
-
1 256
-
social contributions

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

63
-
256
-
surtax
-
-
138
-
total
63
-
394
-
Corporate
1 327
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%.

265
330
-
-
total
265
330
-
-
Dividends

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

1 062
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
403
330
952
1 074
After tax
1 247
1 320
698
576
Living cost
185
185
185
185
Free-cash
1 062
1 135
513
391

Estimated living cost  is £185 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.
£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
£391
£446
£666
£532
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
-
-
-
531
pensions
-
-
-
104
health
-
-
-
110
total
-
-
-
745
Employee
760
760
1 485
-
health
117
99
110
-
pensions
137
104
104
-
income

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

124
124
231
-
total
378
327
445
-
Employer
760
760
1 485
-
pensions
53
53
66
-
unemployment
27
27
34
-
health
53
53
66
-
total
133
133
166
-
Corporate
766
757
-
-
income
153
151
-
-
total
153
151
-
-
Dividends
613
605
-
-
withholding
92
91
-
-
income
130
129
-
-
total
222
220
-
-
Income
1 650
1 650
1 650
1 650
Total tax
886
831
611
745
After tax
764
819
1 039
905
Living cost
373
373
373
373
Free-cash
391
446
666
532

Estimated living cost  is £373 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
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
£525
£533
£469
£478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
94
unemployment
-
-
-
1
pensions
-
-
-
87
municipal
-
-
-
422
accident
-
-
-
2
national
-
-
-
148
health
-
-
-
50
total
-
-
-
804
Employee
524
-
1 397
-
national
-
-
143
-
municipal
156
-
416
-
total
156
-
559
-
Employer
524
-
1 397
-
other
61
-
94
-
accident
1
-
2
-
pensions
57
-
87
-
unemployment
14
-
21
-
health
32
-
50
-
total
165
-
254
-
Corporate
961
1 650
-
-
income
211
363
-
-
total
211
363
-
-
Dividends
750
1 287
-
-
withholding
225
386
-
-
total
225
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
757
749
813
804
After tax
893
901
837
846
Living cost
368
368
368
368
Free-cash
525
533
469
478

Estimated living cost  is £368 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Stockholm model

Close
Hamburg , Germany
£598
£474
£691
£488
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
trade
-
-
-
203
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.

-
-
-
519
health

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

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

-
-
-
61
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
total
-
-
-
812
Employee

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

451
-
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
-
health

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

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

61
-
61
-
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.

39
-
519
-
total
102
-
609
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 199
1 650
-
-
trade
197
271
-
-
income
180
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
-
-
total
390
536
-
-
Dividends
809
1 114
-
-
withholding
199
275
-
-
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
-
-
total
210
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
702
826
609
812
After tax
948
824
1 041
838
Living cost
350
350
350
350
Free-cash
598
474
691
488

Estimated living cost  is £350 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£878
£914
£819
£835
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
-
-
-
144
income
-
-
-
340
health
-
-
-
42
total
-
-
-
526
Employee
684
684
1 545
-
health
7
12
26
-
social contributions
33
57
77
-
income
72
63
333
-
total
112
132
436
-
Employer
684
684
1 545
-
social contributions
33
57
77
-
health
7
13
29
-
total
40
70
106
-
Corporate
1 209
896
-
-
income
151
112
-
-
total
151
112
-
-
Dividends
1 058
784
-
-
withholding
180
133
-
-
total
180
133
-
-
Income
1 650
1 650
1 650
1 650
Total tax
483
447
542
526
After tax
1 167
1 203
1 108
1 124
Living cost
289
289
289
289
Free-cash
878
914
819
835

Estimated living cost  is £289 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£764
£761
£791
£977
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
unemployment
-
-
-
25
income
-
-
-
202
pensions
-
-
-
165
health
-
-
-
116
total
-
-
-
508
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.

239
95
1 381
-
unemployment
4
1
21
-
health
17
7
97
-
pensions
24
9
138
-
income
29
12
169
-
total
74
29
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.

239
95
1 381
-
pensions
47
19
269
-
total
47
19
269
-
Corporate
1 365
1 537
-
-
income
123
138
-
-
total
123
138
-
-
Dividends
1 242
1 398
-
-
withholding
236
266
-
-
social contributions
241
272
-
-
total
477
538
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
724
694
508
After tax
929
926
956
1 142
Living cost
165
165
165
165
Free-cash
764
761
791
977

Estimated living cost  is £165 per week

£113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1050
£1105
£735
£669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
221
pensions
-
-
-
330
health
-
-
-
215
total
-
-
-
766
Employee
253
-
1 233
-
unemployment
4
-
20
-
pensions
5
-
25
-
income
28
-
238
-
total
37
-
283
-
Employer
253
-
1 233
-
pensions
51
-
247
-
unemployment
2
-
10
-
health
33
-
160
-
total
86
-
417
-
Corporate
1 312
1 650
-
-
income
262
330
-
-
total
262
330
-
-
Dividends
1 050
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
385
330
700
766
After tax
1 265
1 320
950
884
Living cost
215
215
215
215
Free-cash
1 050
1 105
735
669

Estimated living cost  is £215 per week

£147
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
£103
-£66
£699
£928
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
-
-
-
3
income
-
-
-
459
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
522
Employee
314
-
1 489
-
health
36
-
170
-
pensions
35
-
69
-
income
43
-
351
-
total
114
-
590
-
Employer
314
-
1 489
-
accident
5
-
25
-
pensions
51
-
100
-
unemployment
8
-
36
-
total
64
-
161
-
Corporate
1 272
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.

1 145
1 485
-
-
total
1 145
1 485
-
-
Dividends
127
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 347
1 516
751
522
After tax
303
134
899
1 128
Living cost
200
200
200
200
Free-cash
103
-66
699
928

Estimated living cost  is £200 per week

£146
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 Gdansk model

Close
Batumi , Georgia
£1482
£1495
£1248
£1562
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.

-
-
-
16
total
-
-
-
16
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
16
After tax
1 554
1 567
1 320
1 634
Living cost
72
72
72
72
Free-cash
1 482
1 495
1 248
1 562

Estimated living cost  is £72 per week

£45
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.
£20
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
£913
£976
£697
£701
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
-
-
-
64
income
-
-
-
263
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.

-
-
-
325
health
-
-
-
60
total
-
-
-
712
Employee
323
-
1 318
-
unemployment
3
-
13
-
health
5
-
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.

23
-
92
-
income
56
-
261
-
total
87
-
384
-
Employer
323
-
1 318
-
other
16
-
66
-
accident
3
-
11
-
pensions

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

55
-
224
-
unemployment
3
-
13
-
health
5
-
18
-
total
82
-
332
-
Corporate
1 245
1 650
-
-
income
262
346
-
-
total
262
346
-
-
Dividends
984
1 304
-
-
withholding
69
91
-
-
total
69
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
500
437
716
712
After tax
1 150
1 213
934
938
Living cost
237
237
237
237
Free-cash
913
976
697
701

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£531
£484
£354
£502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
826
-
1 440
-
health
14
-
20
-
pensions
80
-
99
-
income
149
-
384
-
total
243
-
503
-
Employer
826
-
1 440
-
pensions
98
-
182
-
health
16
-
27
-
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
£1251
£1294
£1270
£1203
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
unemployment
-
-
-
1
income
-
-
-
247
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
330
Employee
154
-
1 589
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

14
-
27
-
income
15
-
159
-
total
38
-
203
-
Employer
154
-
1 589
-
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.

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
1 465
1 650
-
-
income
147
165
-
-
total
147
165
-
-
Dividends
1 319
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
282
239
263
330
After tax
1 368
1 411
1 387
1 320
Living cost
117
117
117
117
Free-cash
1 251
1 294
1 270
1 203

Estimated living cost  is £117 per week

£68
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
£347
£325
£545
£411
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
-
-
-
531
pensions
-
-
-
104
health
-
-
-
110
total
-
-
-
745
Employee
825
760
1 485
-
health
103
99
110
-
pensions
104
104
104
-
income

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

124
124
231
-
total
331
327
445
-
Employer
825
760
1 485
-
pensions
57
53
66
-
unemployment
30
27
34
-
health
57
53
66
-
total
144
133
166
-
Corporate
680
757
-
-
income
136
151
-
-
total
136
151
-
-
Dividends
544
605
-
-
withholding
82
91
-
-
income
116
129
-
-
total
198
220
-
-
Income
1 650
1 650
1 650
1 650
Total tax
809
831
611
745
After tax
841
819
1 039
905
Living cost
494
494
494
494
Free-cash
347
325
545
411

Estimated living cost  is £494 per week

£364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£836
£915
£646
£719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
319
income
-
-
-
166
health
-
-
-
223
solidarity contribution
-
-
-
1
total
-
-
-
709
Employee
326
-
1 263
-
solidarity contribution
-
-
-
-
health
44
-
171
-
social contributions
21
-
71
-
income
39
-
153
-
total
104
-
395
-
Employer
326
-
1 263
-
social contributions
81
-
273
-
health
29
-
114
-
total
110
-
387
-
Corporate
1 213
1 650
-
-
income
231
313
-
-
total
231
313
-
-
Dividends
983
1 337
-
-
withholding
147
200
-
-
total
147
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
592
513
782
709
After tax
1 058
1 137
868
941
Living cost
222
222
222
222
Free-cash
836
915
646
719

Estimated living cost  is £222 per week

£154
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 Brno model

Close
Milan , Italy
£459
£505
£334
£408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
regional
-
-
-
20
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
412
total
-
-
-
866
Employee
791
-
1 650
-
national
137
-
358
-
regional
7
-
17
-
municipal
4
-
9
-
social contributions
267
-
556
-
total
415
-
940
-
Employer
791
-
1 650
-
total
-
-
-
-
Corporate
859
1 650
-
-
nationa
206
396
-
-
municipal
33
64
-
-
total
239
460
-
-
Dividends
619
1 190
-
-
withholding
161
309
-
-
total
161
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
815
769
940
866
After tax
835
881
710
784
Living cost
376
376
376
376
Free-cash
459
505
334
408

Estimated living cost  is £376 per week

£262
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.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£815
£842
£530
£583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
472
pensions
-
-
-
238
health
-
-
-
84
surtax
-
-
-
75
total
-
-
-
871
Employee
294
-
1 400
-
surtax
1
-
64
-
unemployment
20
-
83
-
other
-
-
-
-
health
8
-
30
-
pensions
20
-
79
-
income
49
-
418
-
total
98
-
674
-
Employer
294
-
1 400
-
other
-
-
-
-
pensions
39
-
158
-
unemployment
9
-
38
-
health
13
-
54
-
total
61
-
250
-
Corporate
1 294
1 650
-
-
income
336
429
-
-
total
336
429
-
-
Dividends
957
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
924
871
After tax
1 011
1 038
726
779
Living cost
196
196
196
196
Free-cash
815
842
530
583

Estimated living cost  is £196 per week

£120
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£726
£669
£539
£687
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
-
health
8
-
20
-
pensions
47
-
99
-
income
100
-
384
-
total
155
-
503
-
Employer
554
-
1 440
-
pensions
60
-
182
-
health
11
-
27
-
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
£353
£52
£555
£629
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
city
-
-
-
17
regional
-
-
-
83
pensions
-
-
-
152
national
-
-
-
29
health
-
-
-
4
total
-
-
-
318
Employee
823
-
1 477
-
national
4
-
21
-
unemployment
-
-
-
-
city
9
-
16
-
regional
27
-
71
-
health
2
-
3
-
pensions
69
-
124
-
total
111
-
235
-
Employer
823
-
1 477
-
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
-
pensions
69
-
124
-
unemployment
-
-
-
-
health
2
-
3
-
total
87
-
157
-
Corporate
730
1 650
-
-
regional
154
349
-
-
national
62
140
-
-
total
216
489
-
-
Dividends
514
1 161
-
-
withholding
180
406
-
-
total
180
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
594
895
392
318
After tax
1 056
755
1 258
1 332
Living cost
703
703
703
703
Free-cash
353
52
555
629

Estimated living cost  is £703 per week

£457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
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.
£174
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
£552
£407
£633
£421
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
trade
-
-
-
212
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.

-
-
-
519
health

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

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

-
-
-
61
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
total
-
-
-
821
Employee

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

535
-
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
-
health

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

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

61
-
61
-
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.

63
-
519
-
total
127
-
609
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 115
1 650
-
-
trade
191
283
-
-
income
167
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
-
-
total
370
548
-
-
Dividends
744
1 102
-
-
withholding
183
272
-
-
surtax

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

10
15
-
-
total
193
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
690
835
609
821
After tax
960
815
1 041
829
Living cost
408
408
408
408
Free-cash
552
407
633
421

Estimated living cost  is £408 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£580
£527
£593
£624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
51
social contributions
-
-
-
47
income
-
-
-
265
pensions
-
-
-
286
health
-
-
-
72
surtax
-
-
-
-
total
-
-
-
721
Employee
381
-
1 274
-
surtax
-
-
-
-
pensions
43
-
90
-
social contributions
11
-
36
-
income
22
-
250
-
total
76
-
376
-
Employer
381
-
1 274
-
other
13
-
50
-
pensions
63
-
151
-
unemployment
15
-
52
-
social contributions
1
-
4
-
health
27
-
119
-
total
119
-
376
-
Corporate
1 150
1 650
-
-
income
322
462
-
-
surtax
-
-
-
-
total
322
462
-
-
Dividends
828
1 188
-
-
withholding
106
152
-
-
social contributions
142
204
-
-
surtax
-
-
-
-
total
248
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
765
818
752
721
After tax
885
832
898
929
Living cost
305
305
305
305
Free-cash
580
527
593
624

Estimated living cost  is £305 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£606
£558
£624
£655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
51
social contributions
-
-
-
47
income
-
-
-
265
pensions
-
-
-
286
health
-
-
-
72
surtax
-
-
-
-
total
-
-
-
721
Employee
340
-
1 274
-
surtax
-
-
-
-
pensions
38
-
90
-
social contributions
10
-
36
-
income
18
-
250
-
total
66
-
376
-
Employer
340
-
1 274
-
other
12
-
50
-
pensions
56
-
151
-
unemployment
14
-
52
-
social contributions
1
-
4
-
health
24
-
119
-
total
107
-
376
-
Corporate
1 204
1 650
-
-
income
337
462
-
-
surtax
-
-
-
-
total
337
462
-
-
Dividends
867
1 188
-
-
withholding
111
152
-
-
social contributions
149
204
-
-
surtax
-
-
-
-
total
260
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
770
818
752
721
After tax
880
832
898
929
Living cost
274
274
274
274
Free-cash
606
558
624
655

Estimated living cost  is £274 per week

£159
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.
£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 Marseille model

Close
Vilnius , Lithuania
£823
£819
£834
£871
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
-
-
-
228
income
-
-
-
247
health
-
-
-
115
total
-
-
-
590
Employee
302
-
1 650
-
health
21
-
115
-
social contributions
42
-
228
-
income
50
-
284
-
total
113
-
627
-
Employer
302
-
1 650
-
total
-
-
-
-
Corporate
1 348
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%.

67
82
-
-
total
67
82
-
-
Dividends
1 281
1 568
-
-
health
89
109
-
-
withholding
192
235
-
-
social contributions
177
216
-
-
total
458
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
638
642
627
590
After tax
1 012
1 008
1 023
1 060
Living cost
189
189
189
189
Free-cash
823
819
834
871

Estimated living cost  is £189 per week

£126
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.
£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
£584
£596
£122
£532
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
chamber of commerce
-
-
-
7
unemployment
-
-
-
55
income
-
-
-
468
pensions
-
-
-
192
health
-
-
-
80
surtax
-
-
-
2
total
-
-
-
804
Employee
445
355
1 328
-
unemployment
13
11
31
-
other
4
4
10
-
health
17
14
40
-
pensions
46
36
106
-
income
51
26
380
-
total
131
91
567
-
Employer
445
355
1 328
-
payroll
13
11
40
-
other
21
17
61
-
accident
6
5
14
-
pensions
56
45
131
-
unemployment
13
11
31
-
chamber of commerce
2
1
5
-
surtax
2
2
2
-
health
17
13
39
-
total
130
105
323
-
Corporate
1 075
1 191
1 294
-
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.

269
298
324
-
total
269
298
324
-
Dividends
807
894
-
-
withholding
222
246
-
-
total
222
246
-
-
Income
1 650
1 650
1 650
1 650
Total tax
752
740
1 214
804
After tax
898
910
436
846
Living cost
314
314
314
314
Free-cash
584
596
122
532

Estimated living cost  is £314 per week

£209
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.
£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

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
£465
£597
£250
£390
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
-
-
-
222
national
-
-
-
627
communal

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

-
-
-
86
total
-
-
-
935
Employee

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

637
-
1 278
-
national
196
-
468
-
unemployment

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

6
-
11
-
health

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

30
-
60
-
pensions

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

48
-
96
-
communal

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

33
-
67
-
total
313
-
702
-
Employer

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

637
-
1 278
-
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
-
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
-
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
72
-
145
-
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
-
total
184
-
373
-
Corporate
828
1 650
-
-
income
166
330
-
-
surtax
3
7
-
-
total
169
337
-
-
Dividends
659
1 313
-
-
withholding

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

194
391
-
-
total
194
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
860
728
1 075
935
After tax
790
922
575
715
Living cost
325
325
325
325
Free-cash
465
597
250
390

Estimated living cost  is £325 per week

£209
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.
£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 Brussels model

Close
Barcelona , Spain
£716
£778
£566
£605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
477
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
724
Employee
443
-
1 387
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
21
-
39
-
income
94
-
447
-
total
122
-
500
-
Employer
443
-
1 387
-
other
4
-
7
-
accident
9
-
16
-
pensions
105
-
195
-
unemployment
24
-
45
-
total
142
-
263
-
Corporate
1 066
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.

160
247
-
-
total
160
247
-
-
Dividends
906
1 403
-
-
withholding
189
304
-
-
total
189
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
613
551
763
724
After tax
1 037
1 099
887
926
Living cost
321
321
321
321
Free-cash
716
778
566
605

Estimated living cost  is £321 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Barcelona model

Close
Luxembourg , Luxembourg
£360
£477
£388
£323
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
-
-
-
280
pensions
-
-
-
247
accident
-
-
-
14
communal
-
-
-
104
health
-
-
-
116
surtax
-
-
-
82
total
-
-
-
843
Employee
674
-
1 474
-
surtax
41
-
90
-
health
30
-
66
-
pensions
54
-
118
-
income
65
-
328
-
total
190
-
602
-
Employer
674
-
1 474
-
accident
6
-
13
-
pensions
54
-
118
-
health
21
-
45
-
total
81
-
176
-
Corporate
895
1 650
-
-
income
134
247
-
-
communal
60
111
-
-
surtax
9
17
-
-
total
203
375
-
-
Dividends
691
1 274
-
-
withholding
104
191
-
-
income
228
123
-
-
total
332
314
-
-
Income
1 650
1 650
1 650
1 650
Total tax
806
689
778
843
After tax
844
961
872
807
Living cost
484
484
484
484
Free-cash
360
477
388
323

Estimated living cost  is £484 per week

£363
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.
£86
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
£808
£838
£526
£579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
472
pensions
-
-
-
238
health
-
-
-
84
surtax
-
-
-
75
total
-
-
-
871
Employee
300
-
1 400
-
surtax
1
-
64
-
unemployment
21
-
83
-
other
-
-
-
-
health
8
-
30
-
pensions
20
-
79
-
income
50
-
418
-
total
100
-
674
-
Employer
300
-
1 400
-
other
-
-
-
-
pensions
40
-
158
-
unemployment
10
-
38
-
health
14
-
54
-
total
64
-
250
-
Corporate
1 287
1 650
-
-
income
335
429
-
-
total
335
429
-
-
Dividends
952
1 221
-
-
withholding
143
183
-
-
total
143
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
642
612
924
871
After tax
1 008
1 038
726
779
Living cost
200
200
200
200
Free-cash
808
838
526
579

Estimated living cost  is £200 per week

£121
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.
£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 of data for Athens model

Close
Naples , Italy
£607
£627
£465
£539
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
regional
-
-
-
25
social contributions
-
-
-
424
municipal
-
-
-
10
national
-
-
-
412
total
-
-
-
871
Employee
494
-
1 650
-
national
78
-
358
-
regional
7
-
22
-
municipal
3
-
9
-
social contributions
166
-
556
-
total
254
-
945
-
Employer
494
-
1 650
-
total
-
-
-
-
Corporate
1 156
1 650
-
-
nationa
278
396
-
-
municipal
57
82
-
-
total
335
478
-
-
Dividends
821
1 172
-
-
withholding
214
305
-
-
total
214
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
803
783
945
871
After tax
847
867
705
779
Living cost
240
240
240
240
Free-cash
607
627
465
539

Estimated living cost  is £240 per week

£149
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£767
£864
£595
£668
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
-
-
-
319
income
-
-
-
166
health
-
-
-
223
solidarity contribution
-
-
-
1
total
-
-
-
709
Employee
402
-
1 263
-
solidarity contribution
-
-
-
-
health
54
-
171
-
social contributions
26
-
71
-
income
48
-
153
-
total
128
-
395
-
Employer
402
-
1 263
-
social contributions
100
-
273
-
health
36
-
114
-
total
136
-
387
-
Corporate
1 112
1 650
-
-
income
211
313
-
-
total
211
313
-
-
Dividends
901
1 337
-
-
withholding
135
200
-
-
total
135
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
610
513
782
709
After tax
1 040
1 137
868
941
Living cost
273
273
273
273
Free-cash
767
864
595
668

Estimated living cost  is £273 per week

£203
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.
£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 Prague model

Close
Graz , Austria
£623
£628
£153
£564
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
chamber of commerce
-
-
-
7
unemployment
-
-
-
55
income
-
-
-
468
pensions
-
-
-
192
health
-
-
-
80
surtax
-
-
-
-
total
-
-
-
802
Employee
389
355
1 330
-
unemployment
12
11
31
-
other
4
4
10
-
health
15
14
40
-
pensions
40
36
106
-
income
35
26
381
-
total
106
91
568
-
Employer
389
355
1 330
-
payroll
12
11
40
-
other
18
17
61
-
accident
5
5
14
-
pensions
49
45
131
-
unemployment
12
11
31
-
chamber of commerce
2
1
5
-
surtax
-
-
-
-
health
15
13
39
-
total
113
103
321
-
Corporate
1 149
1 193
1 296
-
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.

287
298
324
-
total
287
298
324
-
Dividends
862
895
-
-
withholding
237
246
-
-
total
237
246
-
-
Income
1 650
1 650
1 650
1 650
Total tax
743
738
1 213
802
After tax
907
912
437
848
Living cost
284
284
284
284
Free-cash
623
628
153
564

Estimated living cost  is £284 per week

£170
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1434
£1454
£1207
£1521
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.

-
-
-
16
total
-
-
-
16
Employee
141
-
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%.

1 509
1 650
-
-
total
-
-
-
-
Dividends
1 509
1 650
-
-
withholding
75
83
-
-
total
75
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
103
83
330
16
After tax
1 547
1 567
1 320
1 634
Living cost
113
113
113
113
Free-cash
1 434
1 454
1 207
1 521

Estimated living cost  is £113 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
£823
£897
£520
£564
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
unemployment
-
-
-
2
income
-
-
-
382
pensions
-
-
-
301
health
-
-
-
162
total
-
-
-
847
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.

394
-
1 428
-
unemployment
1
-
2
-
health
25
-
92
-
pensions
61
-
221
-
income
68
-
354
-
total
155
-
669
-
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.

394
-
1 428
-
pensions
35
-
126
-
unemployment
-
-
1
-
health
26
-
95
-
total
61
-
222
-
Corporate
1 195
1 650
-
-
income
227
314
-
-
total
227
314
-
-
Dividends
968
1 336
-
-
withholding
145
200
-
-
total
145
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
588
514
891
847
After tax
1 062
1 136
759
803
Living cost
239
239
239
239
Free-cash
823
897
520
564

Estimated living cost  is £239 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£206
£625
£1156
£761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
188
income
-
-
-
322
total
-
-
-
510
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
339
1 650
-
-
income
75
363
-
-
total
75
363
-
-
Dividends
264
1 287
-
-
income
58
283
-
-
total
58
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 065
646
115
510
After tax
585
1 004
1 535
1 140
Living cost
379
379
379
379
Free-cash
206
625
1 156
761

Estimated living cost  is £379 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£651
£660
£474
£600
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
social contributions

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

-
-
-
573
income
-
-
-
198
surtax
-
-
-
-
total
-
-
-
771
Employee
409
-
1 333
-
surtax
-
-
-
-
social contributions
45
-
147
-
income
85
-
433
-
total
130
-
580
-
Employer
409
-
1 333
-
social contributions
97
-
317
-
total
97
-
317
-
Corporate
1 143
1 650
-
-
income
240
346
-
-
surtax
-
-
-
-
total
240
346
-
-
Dividends
903
1 304
-
-
withholding
253
365
-
-
total
253
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
711
897
771
After tax
930
939
753
879
Living cost
279
279
279
279
Free-cash
651
660
474
600

Estimated living cost  is £279 per week

£209
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.
£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 Lisbon model

Close
Paris , France
£461
£402
£468
£499
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
-
-
-
51
social contributions
-
-
-
47
income
-
-
-
265
pensions
-
-
-
286
health
-
-
-
72
surtax
-
-
-
-
total
-
-
-
721
Employee
557
-
1 274
-
surtax
-
-
-
-
pensions
63
-
90
-
social contributions
16
-
36
-
income
49
-
250
-
total
128
-
376
-
Employer
557
-
1 274
-
other
19
-
50
-
pensions
92
-
151
-
unemployment
23
-
52
-
social contributions
2
-
4
-
health
39
-
119
-
total
175
-
376
-
Corporate
918
1 650
-
-
income
257
462
-
-
surtax
-
-
-
-
total
257
462
-
-
Dividends
661
1 188
-
-
withholding
85
152
-
-
social contributions
114
204
-
-
surtax
-
-
-
-
total
199
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
759
818
752
721
After tax
891
832
898
929
Living cost
430
430
430
430
Free-cash
461
402
468
499

Estimated living cost  is £430 per week

£291
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.
£98
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
£1187
£1217
£988
£944
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
286
-
1 429
-
social contributions
19
-
93
-
income
-
-
80
-
total
19
-
173
-
Employer
286
-
1 429
-
social contributions
44
-
221
-
total
44
-
221
-
Corporate
1 319
1 650
-
-
income
132
165
-
-
total
132
165
-
-
Dividends
1 188
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
195
165
394
438
After tax
1 455
1 485
1 256
1 212
Living cost
268
268
268
268
Free-cash
1 187
1 217
988
944

Estimated living cost  is £268 per week

£173
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.
£69
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
-£287
-£287
-£287
£541
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
pensions
-
-
-
8
municipal
-
-
-
346
labour market
-
-
-
131
national
-
-
-
196
total
-
-
-
681
Employee
1 807
1 807
1 807
-
national
221
221
221
-
municipal
385
385
385
-
labour market
144
144
144
-
pensions
3
3
3
-
total
753
753
753
-
Employer
1 807
1 807
1 807
-
municipal
385
385
385
-
pensions
5
5
5
-
national
221
221
221
-
labour market
145
145
145
-
total
756
756
756
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 509
1 509
1 509
681
After tax
141
141
141
969
Living cost
428
428
428
428
Free-cash
-287
-287
-287
541

Estimated living cost  is £428 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£91
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
£104
-£63
£702
£931
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
-
-
-
3
income
-
-
-
459
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
522
Employee
309
-
1 489
-
health
35
-
170
-
pensions
35
-
69
-
income
42
-
351
-
total
112
-
590
-
Employer
309
-
1 489
-
accident
5
-
25
-
pensions
50
-
100
-
unemployment
8
-
36
-
total
63
-
161
-
Corporate
1 278
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.

1 150
1 485
-
-
total
1 150
1 485
-
-
Dividends
128
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 349
1 516
751
522
After tax
301
134
899
1 128
Living cost
197
197
197
197
Free-cash
104
-63
702
931

Estimated living cost  is £197 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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£711
£687
£518
£710
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
municipal
-
-
-
293
national
-
-
-
283
health
-
-
-
22
total
-
-
-
598
Employee
468
-
1 388
-
national
8
-
169
-
unemployment
7
-
21
-
health
3
-
18
-
municipal
77
-
226
-
pensions
32
-
94
-
total
127
-
528
-
Employer
468
-
1 388
-
accident
-
-
1
-
pensions
81
-
241
-
unemployment
3
-
9
-
health
4
-
11
-
total
88
-
262
-
Corporate
1 093
1 650
-
-
income
219
330
-
-
total
219
330
-
-
Dividends

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

656
990
-
-
municipal
118
178
-
-
national
45
113
-
-
total
163
291
-
-
Income
1 650
1 650
1 650
1 650
Total tax
597
621
790
598
After tax
1 053
1 029
860
1 052
Living cost
342
342
342
342
Free-cash
711
687
518
710

Estimated living cost  is £342 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£949
£997
£902
£918
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
-
-
-
144
income
-
-
-
340
health
-
-
-
42
total
-
-
-
526
Employee
684
684
1 545
-
health
5
12
26
-
social contributions
26
57
77
-
income
75
63
333
-
total
106
132
436
-
Employer
684
684
1 545
-
social contributions
26
57
77
-
health
6
13
29
-
total
32
70
106
-
Corporate
1 307
896
-
-
income
163
112
-
-
total
163
112
-
-
Dividends
1 143
784
-
-
withholding
194
133
-
-
total
194
133
-
-
Income
1 650
1 650
1 650
1 650
Total tax
495
447
542
526
After tax
1 155
1 203
1 108
1 124
Living cost
206
206
206
206
Free-cash
949
997
902
918

Estimated living cost  is £206 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1180
£1226
£1074
£1251
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
unemployment
-
-
-
-
income
-
-
-
169
pensions
-
-
-
57
health
-
-
-
32
total
-
-
-
258
Employee

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

204
-
1 563
-
unemployment
1
-
4
-
health
17
-
72
-
pensions
31
-
127
-
income
14
-
146
-
total
63
-
349
-
Employer

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

204
-
1 563
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 425
1 650
-
-
income
128
148
-
-
total
128
148
-
-
Dividends
1 296
1 502
-
-
withholding
117
135
-
-
total
117
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
329
283
435
258
After tax
1 321
1 367
1 215
1 392
Living cost
141
141
141
141
Free-cash
1 180
1 226
1 074
1 251

Estimated living cost  is £141 per week

£90
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.
£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 Podgorica model

Close
Valencia , Spain
£815
£854
£642
£681
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
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
477
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
724
Employee
329
-
1 387
-
unemployment
5
-
13
-
other
-
-
1
-
pensions
15
-
39
-
income
63
-
447
-
total
83
-
500
-
Employer
329
-
1 387
-
other
3
-
7
-
accident
7
-
16
-
pensions
78
-
195
-
unemployment
18
-
45
-
total
106
-
263
-
Corporate
1 216
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.

182
247
-
-
total
182
247
-
-
Dividends
1 034
1 403
-
-
withholding
219
304
-
-
total
219
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
590
551
763
724
After tax
1 060
1 099
887
926
Living cost
245
245
245
245
Free-cash
815
854
642
681

Estimated living cost  is £245 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1011
£1013
£1043
£1046
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
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
587
Employee
26
-
1 636
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
566
-
total
8
-
576
-
Employer
26
-
1 636
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
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
590
587
After tax
1 028
1 030
1 060
1 063
Living cost
17
17
17
17
Free-cash
1 011
1 013
1 043
1 046

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
£993
£1038
£872
£872
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
unemployment
-
-
-
10
income
-
-
-
375
pensions
-
-
-
171
health
-
-
-
68
total
-
-
-
624
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.

232
-
1 532
-
unemployment
2
-
5
-
health
12
-
34
-
pensions
32
-
92
-
income
32
-
375
-
total
78
-
506
-
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.

232
-
1 532
-
pensions
28
-
79
-
unemployment
2
-
5
-
health
12
-
34
-
total
42
-
118
-
Corporate
1 377
1 650
-
-
income
207
248
-
-
total
207
248
-
-
Dividends
1 170
1 402
-
-
withholding
176
210
-
-
total
176
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
503
458
624
624
After tax
1 147
1 192
1 026
1 026
Living cost
154
154
154
154
Free-cash
993
1 038
872
872

Estimated living cost  is £154 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£695
£699
£513
£639
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
social contributions

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

-
-
-
573
income
-
-
-
198
surtax
-
-
-
-
total
-
-
-
771
Employee
345
-
1 333
-
surtax
-
-
-
-
social contributions
38
-
147
-
income
68
-
433
-
total
106
-
580
-
Employer
345
-
1 333
-
social contributions
82
-
317
-
total
82
-
317
-
Corporate
1 222
1 650
-
-
income
257
346
-
-
surtax
-
-
-
-
total
257
346
-
-
Dividends
966
1 304
-
-
withholding
270
365
-
-
total
270
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
715
711
897
771
After tax
935
939
753
879
Living cost
240
240
240
240
Free-cash
695
699
513
639

Estimated living cost  is £240 per week

£170
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.
£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 Porto model

Close
Madrid , Spain
£728
£786
£574
£613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
477
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
724
Employee
430
-
1 387
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
20
-
39
-
income
90
-
447
-
total
117
-
500
-
Employer
430
-
1 387
-
other
3
-
7
-
accident
9
-
16
-
pensions
101
-
195
-
unemployment
24
-
45
-
total
137
-
263
-
Corporate
1 083
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.

162
247
-
-
total
162
247
-
-
Dividends
921
1 403
-
-
withholding
193
304
-
-
total
193
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
609
551
763
724
After tax
1 041
1 099
887
926
Living cost
313
313
313
313
Free-cash
728
786
574
613

Estimated living cost  is £313 per week

£225
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
£1205
£1258
£1234
£1167
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
unemployment
-
-
-
1
income
-
-
-
247
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
330
Employee
203
-
1 589
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
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
-
total
49
-
203
-
Employer
203
-
1 589
-
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.

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 408
1 650
-
-
income
141
165
-
-
total
141
165
-
-
Dividends
1 267
1 485
-
-
withholding
63
74
-
-
total
63
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
292
239
263
330
After tax
1 358
1 411
1 387
1 320
Living cost
153
153
153
153
Free-cash
1 205
1 258
1 234
1 167

Estimated living cost  is £153 per week

£101
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
£622
£504
£697
£520
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
trade
-
-
-
177
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.

-
-
-
519
health

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

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

-
-
-
61
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
total
-
-
-
786
Employee

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

443
-
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
-
health

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

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

61
-
61
-
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
-
519
-
total
99
-
609
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 207
1 650
-
-
trade
173
237
-
-
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
-
-
total
367
502
-
-
Dividends
840
1 148
-
-
withholding
207
284
-
-
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
-
-
total
218
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
684
802
609
786
After tax
966
848
1 041
864
Living cost
344
344
344
344
Free-cash
622
504
697
520

Estimated living cost  is £344 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£668
£648
£353
£353
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
-
-
-
277
income
-
-
-
513
total
-
-
-
790
Employee
696
-
1 650
-
social contributions
58
-
277
-
income
131
-
513
-
total
189
-
790
-
Employer
696
-
1 650
-
total
-
-
-
-
Corporate
954
1 650
-
-
income
119
206
-
-
total
119
206
-
-
Dividends
835
1 444
-
-
withholding
167
289
-
-
total
167
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
475
495
790
790
After tax
1 175
1 155
860
860
Living cost
507
507
507
507
Free-cash
668
648
353
353

Estimated living cost  is £507 per week

£386
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.
£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

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
£734
£703
£845
£1020
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
health

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

-
-
-
54
income
-
-
-
253
total
-
-
-
307
Employee
408
-
1 609
-
social contributions
41
-
41
-
income
44
-
400
-
total
85
-
441
-
Employer
408
-
1 609
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 201
1 650
-
-
income
420
577
-
-
total
420
577
-
-
Dividends
780
1 073
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 650
1 650
1 650
1 650
Total tax
593
624
482
307
After tax
1 057
1 026
1 168
1 343
Living cost
323
323
323
323
Free-cash
734
703
845
1 020

Estimated living cost  is £323 per week

£213
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£796
£744
£614
£762
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
-
health
6
-
20
-
pensions
34
-
99
-
income
81
-
384
-
total
121
-
503
-
Employer
445
-
1 440
-
pensions
45
-
182
-
health
8
-
27
-
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
£100
-£82
£683
£912
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
-
-
-
3
income
-
-
-
459
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
522
Employee
340
-
1 489
-
health
39
-
170
-
pensions
38
-
69
-
income
47
-
351
-
total
124
-
590
-
Employer
340
-
1 489
-
accident
6
-
25
-
pensions
55
-
100
-
unemployment
8
-
36
-
total
69
-
161
-
Corporate
1 241
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.

1 117
1 485
-
-
total
1 117
1 485
-
-
Dividends
124
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 334
1 516
751
522
After tax
316
134
899
1 128
Living cost
216
216
216
216
Free-cash
100
-82
683
912

Estimated living cost  is £216 per week

£159
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.
£41
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
£1228
£1142
£1060
£866
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
unemployment
-
-
-
17
income
-
-
-
273
pensions
-
-
-
262
health insurance
-
-
-
105
work injury
-
-
-
7
total
-
-
-
664
Employee

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

192
-
1 650
-
health insurance
14
-
53
-
unemployment
2
-
9
-
work injury
1
-
4
-
pensions
35
-
131
-
income
19
-
273
-
total
71
-
470
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 458
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
1 443
1 485
-
-
withholding
216
223
-
-
total
216
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
302
388
470
664
After tax
1 348
1 262
1 180
986
Living cost
120
120
120
120
Free-cash
1 228
1 142
1 060
866

Estimated living cost  is £120 per week

£74
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
£474
£514
£337
£410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
regional
-
-
-
38
social contributions
-
-
-
424
municipal
-
-
-
11
national
-
-
-
412
total
-
-
-
885
Employee
750
-
1 650
-
national
127
-
358
-
regional
11
-
34
-
municipal
4
-
10
-
social contributions
253
-
556
-
total
395
-
958
-
Employer
750
-
1 650
-
total
-
-
-
-
Corporate
900
1 650
-
-
nationa
216
396
-
-
municipal
43
80
-
-
total
259
476
-
-
Dividends
641
1 174
-
-
withholding
167
305
-
-
total
167
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
821
781
958
885
After tax
829
869
692
765
Living cost
355
355
355
355
Free-cash
474
514
337
410

Estimated living cost  is £355 per week

£249
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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