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
£577
£566
£663
£773
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
health

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

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

-
-
-
60
trade
-
-
-
196
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
income

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

-
-
-
522
total
-
-
-
807
Employee

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

336
-
1 650
-
health

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

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

60
-
60
-
surtax

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

1
-
29
-
income

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

9
-
522
-
total
70
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 314
1 650
-
-
trade
207
260
-
-
chamber of commerce
3
4
-
-
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
-
-
income
197
247
-
-
total
418
525
-
-
Dividends
896
1 125
-
-
surtax

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

12
15
-
-
withholding
221
278
-
-
total
233
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
818
611
807
After tax
929
832
1 039
843
Living cost
266
266
266
266
Free-cash
663
566
773
577

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£508
£570
£562
£517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
municipal
-
-
-
181
social contributions
-
-
-
18
national
-
-
-
285
pensions
-
-
-
198
total
-
-
-
682
Employee
713
-
1 426
-
pensions
29
-
57
-
national
136
-
299
-
municipal
88
-
188
-
total
253
-
544
-
Employer
713
-
1 426
-
pensions
57
-
114
-
social contributions
8
-
15
-
total
65
-
129
-
Corporate
826
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%.

165
330
-
-
total
165
330
-
-
Dividends
661
1 320
-
-
withholding
145
290
-
-
total
145
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
628
620
673
682
After tax
1 022
1 030
977
968
Living cost
460
460
460
460
Free-cash
562
570
517
508

Estimated living cost  is £460 per week

£312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£395
£1137
£1065
£517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
336
income
-
-
-
315
microenterprise
-
-
-
-
surtax
-
-
-
421
total
-
-
-
1 072
Employee
257
-
1 259
-
surtax
-
-
183
-
social contributions

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

28
-
115
-
income
46
-
261
-
total
74
-
559
-
Employer
257
-
1 259
-
surtax
-
-
139
-
social contributions

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

62
-
252
-
total
62
-
391
-
Corporate
1 332
1 650
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

266
330
-
-
total
266
330
-
-
Dividends

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

1 065
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
402
330
950
1 072
After tax
1 248
1 320
700
578
Living cost
183
183
183
183
Free-cash
1 065
1 137
517
395

Estimated living cost  is £183 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£536
£450
£397
£673
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
health
-
-
-
108
pensions
-
-
-
103
income
-
-
-
535
total
-
-
-
746
Employee
750
750
1 487
-
health
115
98
108
-
pensions
135
103
103
-
income

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

123
123
234
-
total
373
324
445
-
Employer
750
750
1 487
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
778
769
-
-
income
156
154
-
-
total
156
154
-
-
Dividends
623
615
-
-
income
132
131
-
-
withholding
93
92
-
-
total
225
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
885
832
609
746
After tax
765
818
1 041
904
Living cost
368
368
368
368
Free-cash
397
450
673
536

Estimated living cost  is £368 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£480
£538
£530
£472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
health
-
-
-
50
accident
-
-
-
2
other
-
-
-
93
municipal
-
-
-
423
pensions
-
-
-
86
national
-
-
-
152
unemployment
-
-
-
1
total
-
-
-
807
Employee
518
-
1 400
-
national
-
-
147
-
municipal
154
-
417
-
total
154
-
564
-
Employer
518
-
1 400
-
health
32
-
49
-
accident
1
-
2
-
pensions
56
-
86
-
other
60
-
93
-
unemployment
14
-
21
-
total
163
-
251
-
Corporate
970
1 650
-
-
income
213
363
-
-
total
213
363
-
-
Dividends
756
1 287
-
-
withholding
227
386
-
-
total
227
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
757
749
815
807
After tax
893
901
835
843
Living cost
363
363
363
363
Free-cash
530
538
472
480

Estimated living cost  is £363 per week

£241
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£490
£479
£602
£694
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
health

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

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

-
-
-
60
trade
-
-
-
204
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
income

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

-
-
-
522
total
-
-
-
815
Employee

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

445
-
1 650
-
health

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

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

60
-
60
-
surtax

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

2
-
29
-
income

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

38
-
522
-
total
100
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 205
1 650
-
-
trade
198
271
-
-
chamber of commerce
3
4
-
-
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
-
-
income
181
247
-
-
total
392
536
-
-
Dividends
813
1 114
-
-
surtax

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

11
15
-
-
withholding
200
275
-
-
total
211
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
703
826
611
815
After tax
947
824
1 039
835
Living cost
345
345
345
345
Free-cash
602
479
694
490

Estimated living cost  is £345 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£838
£920
£881
£822
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
health
-
-
-
42
social contributions
-
-
-
142
income
-
-
-
343
total
-
-
-
527
Employee
675
675
1 546
-
health
7
11
26
-
social contributions
33
56
76
-
income
71
62
336
-
total
111
129
438
-
Employer
675
675
1 546
-
health
7
12
29
-
social contributions
33
56
76
-
total
40
68
105
-
Corporate
1 215
906
-
-
income
152
113
-
-
total
152
113
-
-
Dividends
1 063
793
-
-
withholding
181
135
-
-
total
181
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
484
445
543
527
After tax
1 166
1 205
1 107
1 123
Living cost
285
285
285
285
Free-cash
881
920
822
838

Estimated living cost  is £285 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£983
£769
£771
£797
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
health
-
-
-
116
pensions
-
-
-
165
unemployment
-
-
-
25
income
-
-
-
202
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.

230
92
1 381
-
health
16
6
97
-
pensions
23
9
138
-
unemployment
3
1
21
-
income
28
11
169
-
total
70
27
425
-
Employer

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

The minimum wage is 138,000 HUF per month.

230
92
1 381
-
pensions
45
18
269
-
total
45
18
269
-
Corporate
1 375
1 541
-
-
income
124
139
-
-
total
124
139
-
-
Dividends
1 251
1 402
-
-
social contributions
243
272
-
-
withholding
238
266
-
-
total
481
538
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
722
694
508
After tax
930
928
956
1 142
Living cost
159
159
159
159
Free-cash
771
769
797
983

Estimated living cost  is £159 per week

£109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£673
£1108
£1054
£738
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
health
-
-
-
214
pensions
-
-
-
330
income
-
-
-
221
total
-
-
-
765
Employee
249
-
1 233
-
pensions
5
-
25
-
unemployment
4
-
20
-
income
28
-
238
-
total
37
-
283
-
Employer
249
-
1 233
-
health
32
-
160
-
pensions
50
-
247
-
unemployment
2
-
10
-
total
84
-
417
-
Corporate
1 317
1 650
-
-
income
263
330
-
-
total
263
330
-
-
Dividends
1 053
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
384
330
700
765
After tax
1 266
1 320
950
885
Living cost
212
212
212
212
Free-cash
1 054
1 108
738
673

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£935
-£60
£106
£705
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
461
total
-
-
-
522
Employee
304
-
1 492
-
health
35
-
171
-
pensions
34
-
67
-
income
42
-
354
-
total
111
-
592
-
Employer
304
-
1 492
-
accident
5
-
25
-
pensions
49
-
97
-
unemployment
7
-
37
-
total
61
-
159
-
Corporate
1 284
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.

1 155
1 485
-
-
total
1 155
1 485
-
-
Dividends
128
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 351
1 516
751
522
After tax
299
134
899
1 128
Living cost
194
194
194
194
Free-cash
106
-60
705
935

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1561
£1495
£1482
£1248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 650
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
91
-
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%.

1 559
1 650
-
-
total
-
-
-
-
Dividends
1 559
1 650
-
-
withholding
78
83
-
-
total
78
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
96
83
330
17
After tax
1 554
1 567
1 320
1 633
Living cost
72
72
72
72
Free-cash
1 482
1 495
1 248
1 561

Estimated living cost  is £72 per week

£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
£709
£978
£920
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
health
-
-
-
59
other
-
-
-
63
pensions

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

-
-
-
320
income
-
-
-
265
total
-
-
-
707
Employee
319
-
1 318
-
health
4
-
18
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
income
55
-
261
-
total
84
-
384
-
Employer
319
-
1 318
-
health
4
-
18
-
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.

54
-
224
-
other
16
-
66
-
unemployment
3
-
13
-
total
80
-
332
-
Corporate
1 251
1 650
-
-
income
263
347
-
-
total
263
347
-
-
Dividends
988
1 303
-
-
withholding
69
91
-
-
total
69
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
438
716
707
After tax
1 154
1 212
934
943
Living cost
234
234
234
234
Free-cash
920
978
700
709

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
pensions
-
-
-
81
income
-
-
-
483
total
-
-
-
564
Employee
826
-
1 440
-
health
14
-
20
-
pensions
80
-
99
-
income
149
-
384
-
total
243
-
503
-
Employer
826
-
1 440
-
health
16
-
27
-
pensions
98
-
182
-
total
114
-
209
-
Corporate
710
1 650
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1206
£1296
£1255
£1272
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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
248
total
-
-
-
329
Employee
152
-
1 590
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
159
-
total
37
-
203
-
Employer
152
-
1 590
-
health
10
-
21
-
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
-
total
30
-
60
-
Corporate
1 468
1 650
-
-
income
147
165
-
-
total
147
165
-
-
Dividends
1 321
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
280
239
263
329
After tax
1 370
1 411
1 387
1 321
Living cost
115
115
115
115
Free-cash
1 255
1 296
1 272
1 206

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£417
£331
£352
£554
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
health
-
-
-
108
pensions
-
-
-
103
income
-
-
-
535
total
-
-
-
746
Employee
814
750
1 487
-
health
102
98
108
-
pensions
103
103
103
-
income

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

123
123
234
-
total
328
324
445
-
Employer
814
750
1 487
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
694
769
-
-
income
139
154
-
-
total
139
154
-
-
Dividends
555
615
-
-
income
118
131
-
-
withholding
83
92
-
-
total
201
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
811
832
609
746
After tax
839
818
1 041
904
Living cost
487
487
487
487
Free-cash
352
331
554
417

Estimated living cost  is £487 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£729
£920
£842
£660
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
health
-
-
-
223
social contributions
-
-
-
311
solidarity contribution
-
-
-
4
income
-
-
-
167
total
-
-
-
705
Employee
318
-
1 270
-
health
43
-
171
-
solidarity contribution
-
-
-
-
social contributions
21
-
69
-
income
38
-
154
-
total
102
-
394
-
Employer
318
-
1 270
-
health
29
-
114
-
social contributions
79
-
266
-
total
108
-
380
-
Corporate
1 225
1 650
-
-
income
233
314
-
-
total
233
314
-
-
Dividends
992
1 336
-
-
withholding
149
200
-
-
total
149
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
592
514
774
705
After tax
1 058
1 136
876
945
Living cost
216
216
216
216
Free-cash
842
920
660
729

Estimated living cost  is £216 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
regional
-
-
-
20
municipal
-
-
-
10
social contributions
-
-
-
424
national
-
-
-
414
total
-
-
-
868
Employee
780
-
1 650
-
regional
7
-
17
-
national
135
-
360
-
social contributions
263
-
556
-
municipal
4
-
9
-
total
409
-
942
-
Employer
780
-
1 650
-
total
-
-
-
-
Corporate
870
1 650
-
-
nationa
209
396
-
-
municipal
34
64
-
-
total
243
460
-
-
Dividends
627
1 190
-
-
withholding
163
309
-
-
total
163
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
815
769
942
868
After tax
835
881
708
782
Living cost
370
370
370
370
Free-cash
465
511
338
412

Estimated living cost  is £370 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£586
£844
£817
£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
health
-
-
-
83
other
-
-
-
-
pensions
-
-
-
234
unemployment
-
-
-
2
income
-
-
-
475
surtax
-
-
-
76
total
-
-
-
870
Employee
290
-
1 403
-
health
7
-
30
-
pensions
19
-
78
-
unemployment
20
-
82
-
surtax
1
-
65
-
income
49
-
423
-
other
-
-
-
-
total
96
-
678
-
Employer
290
-
1 403
-
health
13
-
53
-
pensions
39
-
156
-
other
-
-
-
-
unemployment
9
-
37
-
total
61
-
246
-
Corporate
1 299
1 650
-
-
income
338
429
-
-
total
338
429
-
-
Dividends
961
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
924
870
After tax
1 011
1 038
726
780
Living cost
194
194
194
194
Free-cash
817
844
532
586

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£623
£44
£348
£547
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
health
-
-
-
4
city
-
-
-
17
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
33
regional
-
-
-
82
pensions
-
-
-
152
national
-
-
-
28
total
-
-
-
316
Employee
832
-
1 477
-
health
2
-
3
-
regional
27
-
71
-
pensions
70
-
124
-
unemployment
-
-
-
-
national
4
-
21
-
city
9
-
16
-
total
112
-
235
-
Employer
832
-
1 477
-
health
2
-
3
-
pensions
70
-
124
-
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.

17
-
30
-
unemployment
-
-
-
-
total
89
-
157
-
Corporate
721
1 650
-
-
national
61
140
-
-
regional
152
349
-
-
total
213
489
-
-
Dividends
507
1 161
-
-
withholding
177
406
-
-
total
177
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
591
895
392
316
After tax
1 059
755
1 258
1 334
Living cost
711
711
711
711
Free-cash
348
44
547
623

Estimated living cost  is £711 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£176
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
£424
£413
£557
£637
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
health

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

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

-
-
-
60
trade
-
-
-
213
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
income

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

-
-
-
522
total
-
-
-
824
Employee

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

528
-
1 650
-
health

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

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

60
-
60
-
surtax

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

3
-
29
-
income

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

62
-
522
-
total
125
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 122
1 650
-
-
trade
192
283
-
-
chamber of commerce
3
4
-
-
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
-
-
income
168
247
-
-
total
372
548
-
-
Dividends
749
1 102
-
-
surtax

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

10
15
-
-
withholding
184
272
-
-
total
194
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
691
835
611
824
After tax
959
815
1 039
826
Living cost
402
402
402
402
Free-cash
557
413
637
424

Estimated living cost  is £402 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£629
£532
£584
£595
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
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
284
social contributions
-
-
-
47
income
-
-
-
266
surtax
-
-
-
-
total
-
-
-
721
Employee
376
-
1 273
-
pensions
42
-
90
-
surtax
-
-
-
-
social contributions
11
-
36
-
income
22
-
251
-
total
75
-
377
-
Employer
376
-
1 273
-
health
26
-
120
-
pensions
62
-
152
-
other
13
-
50
-
social contributions
1
-
4
-
unemployment
15
-
52
-
total
117
-
378
-
Corporate
1 157
1 650
-
-
surtax
-
-
-
-
income
324
462
-
-
total
324
462
-
-
Dividends
833
1 188
-
-
social contributions
143
204
-
-
surtax
-
-
-
-
withholding
107
152
-
-
total
250
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
766
818
755
721
After tax
884
832
895
929
Living cost
300
300
300
300
Free-cash
584
532
595
629

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£658
£561
£608
£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
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
284
social contributions
-
-
-
47
income
-
-
-
266
surtax
-
-
-
-
total
-
-
-
721
Employee
335
-
1 273
-
pensions
38
-
90
-
surtax
-
-
-
-
social contributions
10
-
36
-
income
17
-
251
-
total
65
-
377
-
Employer
335
-
1 273
-
health
23
-
120
-
pensions
55
-
152
-
other
12
-
50
-
social contributions
1
-
4
-
unemployment
14
-
52
-
total
105
-
378
-
Corporate
1 210
1 650
-
-
surtax
-
-
-
-
income
339
462
-
-
total
339
462
-
-
Dividends
871
1 188
-
-
social contributions
150
204
-
-
surtax
-
-
-
-
withholding
112
152
-
-
total
262
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
771
818
755
721
After tax
879
832
895
929
Living cost
271
271
271
271
Free-cash
608
561
624
658

Estimated living cost  is £271 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£874
£822
£824
£836
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
health
-
-
-
115
social contributions
-
-
-
228
income
-
-
-
247
total
-
-
-
590
Employee
298
-
1 650
-
health
21
-
115
-
social contributions
41
-
228
-
income
50
-
285
-
total
112
-
628
-
Employer
298
-
1 650
-
total
-
-
-
-
Corporate
1 352
1 650
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

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

Estimated living cost  is £186 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£538
£604
£589
£126
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
health
-
-
-
78
pensions
-
-
-
190
unemployment
-
-
-
54
income
-
-
-
472
chamber of commerce
-
-
-
7
surtax
-
-
-
2
total
-
-
-
803
Employee
439
350
1 331
-
health
17
14
40
-
pensions
45
36
105
-
unemployment
13
10
31
-
income
50
26
385
-
other
4
3
10
-
total
129
89
571
-
Employer
439
350
1 331
-
payroll
13
10
40
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
129
-
chamber of commerce
2
1
5
-
other
21
17
61
-
unemployment
13
10
31
-
total
129
102
320
-
Corporate
1 083
1 198
1 298
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

271
299
324
-
total
271
299
324
-
Dividends
812
898
-
-
withholding
223
247
-
-
total
223
247
-
-
Income
1 650
1 650
1 650
1 650
Total tax
752
737
1 215
803
After tax
898
913
435
847
Living cost
309
309
309
309
Free-cash
589
604
126
538

Estimated living cost  is £309 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£396
£602
£471
£254
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
-
-
-
219
national
-
-
-
629
communal

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

-
-
-
86
total
-
-
-
934
Employee

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

628
-
1 278
-
health

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

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.

47
-
96
-
unemployment

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

5
-
11
-
national
193
-
469
-
communal

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

33
-
67
-
total
308
-
703
-
Employer

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

628
-
1 278
-
health

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

39
-
79
-
surtax
71
-
145
-
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
-
total
183
-
373
-
Corporate
839
1 650
-
-
surtax
3
7
-
-
income
168
330
-
-
total
171
337
-
-
Dividends
668
1 313
-
-
withholding

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

197
391
-
-
total
197
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
859
728
1 076
934
After tax
791
922
574
716
Living cost
320
320
320
320
Free-cash
471
602
254
396

Estimated living cost  is £320 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£608
£782
£722
£570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
481
total
-
-
-
725
Employee
437
-
1 391
-
pensions
21
-
38
-
unemployment
7
-
13
-
other
-
-
1
-
income
92
-
451
-
total
120
-
503
-
Employer
437
-
1 391
-
accident
9
-
16
-
pensions
103
-
192
-
other
3
-
7
-
unemployment
24
-
45
-
total
139
-
260
-
Corporate
1 074
1 650
-
-
income

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

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

Estimated living cost  is £317 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£327
£482
£365
£393
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
health
-
-
-
116
accident
-
-
-
14
pensions
-
-
-
247
communal
-
-
-
104
income
-
-
-
283
surtax
-
-
-
82
total
-
-
-
846
Employee
665
-
1 474
-
health
30
-
66
-
pensions
53
-
118
-
surtax
41
-
90
-
income
64
-
330
-
total
188
-
604
-
Employer
665
-
1 474
-
health
20
-
45
-
accident
6
-
13
-
pensions
53
-
118
-
total
79
-
176
-
Corporate
906
1 650
-
-
communal
61
111
-
-
surtax
10
17
-
-
income
136
247
-
-
total
207
375
-
-
Dividends
699
1 274
-
-
income
229
125
-
-
withholding
105
191
-
-
total
334
316
-
-
Income
1 650
1 650
1 650
1 650
Total tax
808
691
780
846
After tax
842
959
870
804
Living cost
477
477
477
477
Free-cash
365
482
393
327

Estimated living cost  is £477 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£583
£841
£813
£529
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
health
-
-
-
83
other
-
-
-
-
pensions
-
-
-
234
unemployment
-
-
-
2
income
-
-
-
475
surtax
-
-
-
76
total
-
-
-
870
Employee
296
-
1 403
-
health
8
-
30
-
pensions
20
-
78
-
unemployment
21
-
82
-
surtax
1
-
65
-
income
50
-
423
-
other
-
-
-
-
total
100
-
678
-
Employer
296
-
1 403
-
health
13
-
53
-
pensions
39
-
156
-
other
-
-
-
-
unemployment
9
-
37
-
total
61
-
246
-
Corporate
1 292
1 650
-
-
income
336
429
-
-
total
336
429
-
-
Dividends
956
1 221
-
-
withholding
143
183
-
-
total
143
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
640
612
924
870
After tax
1 010
1 038
726
780
Living cost
197
197
197
197
Free-cash
813
841
529
583

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£541
£631
£611
£467
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
municipal
-
-
-
10
social contributions
-
-
-
424
national
-
-
-
414
total
-
-
-
873
Employee
487
-
1 650
-
regional
7
-
22
-
national
77
-
360
-
social contributions
164
-
556
-
municipal
3
-
9
-
total
251
-
947
-
Employer
487
-
1 650
-
total
-
-
-
-
Corporate
1 163
1 650
-
-
nationa
279
396
-
-
municipal
58
82
-
-
total
337
478
-
-
Dividends
826
1 172
-
-
withholding
215
305
-
-
total
215
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
803
783
947
873
After tax
847
867
703
777
Living cost
236
236
236
236
Free-cash
611
631
467
541

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£679
£870
£775
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
health
-
-
-
223
social contributions
-
-
-
311
solidarity contribution
-
-
-
4
income
-
-
-
167
total
-
-
-
705
Employee
391
-
1 270
-
health
53
-
171
-
solidarity contribution
-
-
-
-
social contributions
25
-
69
-
income
47
-
154
-
total
125
-
394
-
Employer
391
-
1 270
-
health
35
-
114
-
social contributions
98
-
266
-
total
133
-
380
-
Corporate
1 126
1 650
-
-
income
214
314
-
-
total
214
314
-
-
Dividends
912
1 336
-
-
withholding
137
200
-
-
total
137
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
609
514
774
705
After tax
1 041
1 136
876
945
Living cost
266
266
266
266
Free-cash
775
870
610
679

Estimated living cost  is £266 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£569
£634
£627
£156
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
health
-
-
-
78
pensions
-
-
-
190
unemployment
-
-
-
54
income
-
-
-
472
chamber of commerce
-
-
-
7
surtax
-
-
-
-
total
-
-
-
801
Employee
384
350
1 332
-
health
15
14
40
-
pensions
39
36
105
-
unemployment
12
10
31
-
income
34
26
385
-
other
4
3
10
-
total
104
89
571
-
Employer
384
350
1 332
-
payroll
12
10
40
-
health
15
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
129
-
chamber of commerce
2
1
5
-
other
18
17
61
-
unemployment
12
10
31
-
total
112
100
318
-
Corporate
1 156
1 199
1 299
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

289
300
325
-
total
289
300
325
-
Dividends
867
900
-
-
withholding
238
247
-
-
total
238
247
-
-
Income
1 650
1 650
1 650
1 650
Total tax
743
736
1 214
801
After tax
907
914
436
849
Living cost
280
280
280
280
Free-cash
627
634
156
569

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1520
£1454
£1434
£1207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 650
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
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
17
After tax
1 547
1 567
1 320
1 633
Living cost
113
113
113
113
Free-cash
1 434
1 454
1 207
1 520

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
£566
£901
£828
£523
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
health
-
-
-
162
pensions
-
-
-
301
unemployment
-
-
-
2
income
-
-
-
384
total
-
-
-
849
Employee

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

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

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

388
-
1 428
-
health
26
-
95
-
pensions
34
-
126
-
unemployment
-
-
1
-
total
60
-
222
-
Corporate
1 201
1 650
-
-
income
228
314
-
-
total
228
314
-
-
Dividends
973
1 336
-
-
withholding
146
200
-
-
total
146
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
587
514
892
849
After tax
1 063
1 136
758
801
Living cost
235
235
235
235
Free-cash
828
901
523
566

Estimated living cost  is £235 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£741
£605
£165
£1129
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
572
-
-
-
social contributions
47
-
7
-
income
126
-
-
-
total
173
-
7
-
Employer
572
-
-
-
social contributions
806
-
115
-
total
806
-
115
-
Corporate
272
1 650
-
-
income
60
363
-
-
total
60
363
-
-
Dividends
212
1 287
-
-
income
47
283
-
-
total
47
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 086
646
122
510
After tax
564
1 004
1 528
1 140
Living cost
399
399
399
399
Free-cash
165
605
1 129
741

Estimated living cost  is £399 per week

£259
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.
£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

Source of data for Oslo model

Close
Lisbon , Portugal
£602
£663
£655
£476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 650
social contributions

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

-
-
-
573
income
-
-
-
200
surtax
-
-
-
-
total
-
-
-
773
Employee
404
-
1 333
-
surtax
-
-
-
-
social contributions
44
-
147
-
income
84
-
435
-
total
128
-
582
-
Employer
404
-
1 333
-
social contributions
96
-
317
-
total
96
-
317
-
Corporate
1 150
1 650
-
-
surtax
-
-
-
-
income
242
347
-
-
total
242
347
-
-
Dividends
909
1 303
-
-
withholding
254
365
-
-
total
254
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
712
899
773
After tax
930
938
751
877
Living cost
275
275
275
275
Free-cash
655
663
476
602

Estimated living cost  is £275 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£505
£408
£468
£471
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
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
284
social contributions
-
-
-
47
income
-
-
-
266
surtax
-
-
-
-
total
-
-
-
721
Employee
550
-
1 273
-
pensions
62
-
90
-
surtax
-
-
-
-
social contributions
16
-
36
-
income
48
-
251
-
total
126
-
377
-
Employer
550
-
1 273
-
health
38
-
120
-
pensions
90
-
152
-
other
19
-
50
-
social contributions
2
-
4
-
unemployment
22
-
52
-
total
171
-
378
-
Corporate
928
1 650
-
-
surtax
-
-
-
-
income
260
462
-
-
total
260
462
-
-
Dividends
668
1 188
-
-
social contributions
115
204
-
-
surtax
-
-
-
-
withholding
86
152
-
-
total
201
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
758
818
755
721
After tax
892
832
895
929
Living cost
424
424
424
424
Free-cash
468
408
471
505

Estimated living cost  is £424 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Paris model

Close
Andorra , Andorra
£948
£1221
£1192
£992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is £264 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£547
-£252
-£252
-£252
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
municipal
-
-
-
347
labour market
-
-
-
131
national
-
-
-
197
pensions
-
-
-
8
total
-
-
-
683
Employee
1 774
1 774
1 774
-
pensions
3
3
3
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
total
740
740
740
-
Employer
1 774
1 774
1 774
-
municipal
378
378
378
-
labour market
142
142
142
-
national
217
217
217
-
pensions
5
5
5
-
total
742
742
742
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 482
1 482
1 482
683
After tax
168
168
168
967
Living cost
420
420
420
420
Free-cash
-252
-252
-252
547

Estimated living cost  is £420 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£937
-£57
£105
£708
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
461
total
-
-
-
522
Employee
300
-
1 492
-
health
34
-
171
-
pensions
34
-
67
-
income
41
-
354
-
total
109
-
592
-
Employer
300
-
1 492
-
accident
5
-
25
-
pensions
49
-
97
-
unemployment
7
-
37
-
total
61
-
159
-
Corporate
1 289
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.

1 160
1 485
-
-
total
1 160
1 485
-
-
Dividends
129
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 354
1 516
751
522
After tax
296
134
899
1 128
Living cost
191
191
191
191
Free-cash
105
-57
708
937

Estimated living cost  is £191 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£712
£691
£715
£521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 650
health
-
-
-
22
municipal
-
-
-
293
national
-
-
-
286
total
-
-
-
601
Employee
462
-
1 388
-
health
3
-
18
-
pensions
31
-
94
-
unemployment
7
-
21
-
national
8
-
171
-
municipal
76
-
226
-
total
125
-
530
-
Employer
462
-
1 388
-
health
4
-
11
-
accident
-
-
1
-
pensions
80
-
241
-
unemployment
3
-
9
-
total
87
-
262
-
Corporate
1 101
1 650
-
-
income
220
330
-
-
total
220
330
-
-
Dividends

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

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

Estimated living cost  is £337 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£920
£1002
£951
£904
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
health
-
-
-
42
social contributions
-
-
-
142
income
-
-
-
343
total
-
-
-
527
Employee
675
675
1 546
-
health
5
11
26
-
social contributions
26
56
76
-
income
74
62
336
-
total
105
129
438
-
Employer
675
675
1 546
-
health
6
12
29
-
social contributions
26
56
76
-
total
32
68
105
-
Corporate
1 311
906
-
-
income
164
113
-
-
total
164
113
-
-
Dividends
1 147
793
-
-
withholding
195
135
-
-
total
195
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
445
543
527
After tax
1 154
1 205
1 107
1 123
Living cost
203
203
203
203
Free-cash
951
1 002
904
920

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1254
£1227
£1183
£1078
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
health
-
-
-
32
pensions
-
-
-
56
unemployment
-
-
-
-
income
-
-
-
169
total
-
-
-
257
Employee

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

202
-
1 564
-
health
17
-
71
-
pensions
30
-
125
-
unemployment
1
-
4
-
income
14
-
147
-
total
62
-
347
-
Employer

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

202
-
1 564
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 428
1 650
-
-
income
128
149
-
-
total
128
149
-
-
Dividends
1 299
1 501
-
-
withholding
117
135
-
-
total
117
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
328
284
433
257
After tax
1 322
1 366
1 217
1 393
Living cost
139
139
139
139
Free-cash
1 183
1 227
1 078
1 254

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£684
£858
£819
£646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
481
total
-
-
-
725
Employee
325
-
1 391
-
pensions
15
-
38
-
unemployment
5
-
13
-
other
-
-
1
-
income
63
-
451
-
total
83
-
503
-
Employer
325
-
1 391
-
accident
6
-
16
-
pensions
77
-
192
-
other
3
-
7
-
unemployment
18
-
45
-
total
104
-
260
-
Corporate
1 222
1 650
-
-
income

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

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

Estimated living cost  is £241 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1047
£1014
£1011
£1045
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
health
-
-
-
9
pensions
-
-
-
12
income
-
-
-
566
total
-
-
-
587
Employee
25
-
1 636
-
health
1
-
3
-
pensions
2
-
5
-
unemployment
-
-
1
-
income
5
-
566
-
total
8
-
575
-
Employer
25
-
1 636
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
1 619
1 650
-
-
income
356
363
-
-
total
356
363
-
-
Dividends
1 263
1 287
-
-
withholding
253
257
-
-
total
253
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
623
620
589
587
After tax
1 027
1 030
1 061
1 063
Living cost
16
16
16
16
Free-cash
1 011
1 014
1 045
1 047

Estimated living cost  is £16 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
£877
£1040
£996
£877
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
health
-
-
-
67
pensions
-
-
-
168
unemployment
-
-
-
10
income
-
-
-
376
total
-
-
-
621
Employee

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

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

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

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

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

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

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

229
-
1 534
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 380
1 650
-
-
income
207
248
-
-
total
207
248
-
-
Dividends
1 173
1 402
-
-
withholding
176
210
-
-
total
176
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
502
458
621
621
After tax
1 148
1 192
1 029
1 029
Living cost
152
152
152
152
Free-cash
996
1 040
877
877

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£640
£701
£698
£514
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
-
-
-
200
surtax
-
-
-
-
total
-
-
-
773
Employee
341
-
1 333
-
surtax
-
-
-
-
social contributions
37
-
147
-
income
67
-
435
-
total
104
-
582
-
Employer
341
-
1 333
-
social contributions
81
-
317
-
total
81
-
317
-
Corporate
1 228
1 650
-
-
surtax
-
-
-
-
income
258
347
-
-
total
258
347
-
-
Dividends
970
1 303
-
-
withholding
272
365
-
-
total
272
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
715
712
899
773
After tax
935
938
751
877
Living cost
237
237
237
237
Free-cash
698
701
514
640

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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£616
£790
£732
£578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
481
total
-
-
-
725
Employee
424
-
1 391
-
pensions
20
-
38
-
unemployment
7
-
13
-
other
-
-
1
-
income
89
-
451
-
total
116
-
503
-
Employer
424
-
1 391
-
accident
8
-
16
-
pensions
100
-
192
-
other
3
-
7
-
unemployment
23
-
45
-
total
134
-
260
-
Corporate
1 091
1 650
-
-
income

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

164
247
-
-
total
164
247
-
-
Dividends
927
1 403
-
-
withholding
195
304
-
-
total
195
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
609
551
763
725
After tax
1 041
1 099
887
925
Living cost
309
309
309
309
Free-cash
732
790
578
616

Estimated living cost  is £309 per week

£222
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
£1170
£1260
£1206
£1236
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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
248
total
-
-
-
329
Employee
200
-
1 590
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
159
-
total
49
-
203
-
Employer
200
-
1 590
-
health
14
-
21
-
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
-
total
39
-
60
-
Corporate
1 411
1 650
-
-
income
141
165
-
-
total
141
165
-
-
Dividends
1 270
1 485
-
-
withholding
64
74
-
-
total
64
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
293
239
263
329
After tax
1 357
1 411
1 387
1 321
Living cost
151
151
151
151
Free-cash
1 206
1 260
1 236
1 170

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£522
£509
£625
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
health

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

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

-
-
-
60
trade
-
-
-
178
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
income

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

-
-
-
522
total
-
-
-
789
Employee

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

437
-
1 650
-
health

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

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

60
-
60
-
surtax

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

2
-
29
-
income

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

36
-
522
-
total
98
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 213
1 650
-
-
trade
174
237
-
-
chamber of commerce
3
4
-
-
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
-
-
income
182
247
-
-
total
369
502
-
-
Dividends
844
1 148
-
-
surtax

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

11
16
-
-
withholding
208
284
-
-
total
219
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
686
802
611
789
After tax
964
848
1 039
861
Living cost
339
339
339
339
Free-cash
625
509
700
522

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£357
£655
£674
£357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
515
social contributions
-
-
-
278
total
-
-
-
793
Employee
687
-
1 650
-
social contributions
57
-
278
-
income
130
-
515
-
total
187
-
793
-
Employer
687
-
1 650
-
total
-
-
-
-
Corporate
963
1 650
-
-
income
120
206
-
-
total
120
206
-
-
Dividends
843
1 444
-
-
withholding
169
289
-
-
total
169
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
476
495
793
793
After tax
1 174
1 155
857
857
Living cost
500
500
500
500
Free-cash
674
655
357
357

Estimated living cost  is £500 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1026
£708
£739
£849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 650
income
-
-
-
250
health

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

-
-
-
55
total
-
-
-
305
Employee
403
-
1 610
-
social contributions
40
-
40
-
income
44
-
402
-
total
84
-
442
-
Employer
403
-
1 610
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 207
1 650
-
-
income
422
577
-
-
total
422
577
-
-
Dividends
785
1 073
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 650
1 650
1 650
1 650
Total tax
592
623
482
305
After tax
1 058
1 027
1 168
1 345
Living cost
319
319
319
319
Free-cash
739
708
849
1 026

Estimated living cost  is £319 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£918
-£76
£100
£689
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
461
total
-
-
-
522
Employee
330
-
1 492
-
health
38
-
171
-
pensions
37
-
67
-
income
45
-
354
-
total
120
-
592
-
Employer
330
-
1 492
-
accident
6
-
25
-
pensions
54
-
97
-
unemployment
8
-
37
-
total
68
-
159
-
Corporate
1 253
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.

1 128
1 485
-
-
total
1 128
1 485
-
-
Dividends
125
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 340
1 516
751
522
After tax
310
134
899
1 128
Living cost
210
210
210
210
Free-cash
100
-76
689
918

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£872
£1144
£1229
£1065
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
health insurance
-
-
-
104
work injury
-
-
-
7
pensions
-
-
-
258
unemployment
-
-
-
17
income
-
-
-
274
total
-
-
-
660
Employee

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

189
-
1 650
-
pensions
35
-
129
-
work injury
1
-
4
-
unemployment
2
-
8
-
health insurance
14
-
52
-
income
19
-
274
-
total
71
-
467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 461
1 650
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

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

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£413
£519
£481
£340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
regional
-
-
-
38
municipal
-
-
-
11
social contributions
-
-
-
424
national
-
-
-
414
total
-
-
-
887
Employee
740
-
1 650
-
regional
11
-
34
-
national
125
-
360
-
social contributions
249
-
556
-
municipal
4
-
10
-
total
389
-
960
-
Employer
740
-
1 650
-
total
-
-
-
-
Corporate
910
1 650
-
-
nationa
218
396
-
-
municipal
44
80
-
-
total
262
476
-
-
Dividends
648
1 174
-
-
withholding
168
305
-
-
total
168
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
819
781
960
887
After tax
831
869
690
763
Living cost
350
350
350
350
Free-cash
481
519
340
413

Estimated living cost  is £350 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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