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
£775
£579
£567
£665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
523
health

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

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

-
-
-
59
surtax

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

-
-
-
29
trade
-
-
-
196
total
-
-
-
807
Employee

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

333
-
1 650
-
income

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

9
-
523
-
surtax

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

1
-
29
-
health

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

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

59
-
59
-
total
69
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 317
1 650
-
-
surtax

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

11
14
-
-
income
198
248
-
-
chamber of commerce
3
4
-
-
trade
207
260
-
-
total
419
526
-
-
Dividends
898
1 125
-
-
withholding
221
278
-
-
surtax

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

12
15
-
-
total
233
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
819
611
807
After tax
929
831
1 039
843
Living cost
264
264
264
264
Free-cash
665
567
775
579

Estimated living cost  is £264 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£511
£501
£559
£551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
18
national
-
-
-
281
pensions
-
-
-
198
municipal
-
-
-
181
total
-
-
-
678
Employee
731
-
1 426
-
municipal
90
-
187
-
national
140
-
295
-
pensions
29
-
57
-
total
259
-
539
-
Employer
731
-
1 426
-
pensions
58
-
114
-
social contributions
8
-
15
-
total
66
-
129
-
Corporate
805
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%.

161
330
-
-
total
161
330
-
-
Dividends
644
1 320
-
-
withholding
142
290
-
-
total
142
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
628
620
668
678
After tax
1 022
1 030
982
972
Living cost
471
471
471
471
Free-cash
551
559
511
501

Estimated living cost  is £471 per week

£320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£520
£399
£1139
£1068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
333
income
-
-
-
316
microenterprise
-
-
-
-
surtax
-
-
-
421
total
-
-
-
1 070
Employee
254
-
1 261
-
social contributions

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

28
-
114
-
income
45
-
263
-
surtax
-
-
183
-
total
73
-
560
-
Employer
254
-
1 261
-
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.

61
-
250
-
total
61
-
389
-
Corporate
1 335
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%.

267
330
-
-
total
267
330
-
-
Dividends

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

1 068
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
401
330
949
1 070
After tax
1 249
1 320
701
580
Living cost
181
181
181
181
Free-cash
1 068
1 139
520
399

Estimated living cost  is £181 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£681
£539
£454
£400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
538
health
-
-
-
107
pensions
-
-
-
102
total
-
-
-
747
Employee
743
743
1 488
-
income

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

122
122
235
-
health
114
97
107
-
pensions
134
102
102
-
total
370
321
444
-
Employer
743
743
1 488
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
786
777
-
-
income
157
155
-
-
total
157
155
-
-
Dividends
629
622
-
-
withholding
94
93
-
-
income
134
132
-
-
total
228
225
-
-
Income
1 650
1 650
1 650
1 650
Total tax
886
832
605
747
After tax
764
818
1 045
903
Living cost
364
364
364
364
Free-cash
400
454
681
539

Estimated living cost  is £364 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£483
£490
£552
£544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
national
-
-
-
162
health
-
-
-
48
unemployment
-
-
-
1
other
-
-
-
89
pensions
-
-
-
83
municipal
-
-
-
426
total
-
-
-
811
Employee
497
-
1 410
-
municipal
148
-
420
-
national
-
-
157
-
total
148
-
577
-
Employer
497
-
1 410
-
other
58
-
89
-
unemployment
13
-
20
-
pensions
54
-
83
-
health
31
-
47
-
accident
1
-
2
-
total
157
-
241
-
Corporate
997
1 650
-
-
income
219
363
-
-
total
219
363
-
-
Dividends
778
1 287
-
-
withholding
233
386
-
-
total
233
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
757
749
818
811
After tax
893
901
832
839
Living cost
349
349
349
349
Free-cash
544
552
483
490

Estimated living cost  is £349 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£697
£492
£481
£604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
523
health

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

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

-
-
-
59
surtax

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

-
-
-
29
trade
-
-
-
205
total
-
-
-
816
Employee

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

441
-
1 650
-
income

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

38
-
523
-
surtax

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

2
-
29
-
health

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

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

59
-
59
-
total
99
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 209
1 650
-
-
surtax

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

10
14
-
-
income
181
248
-
-
chamber of commerce
3
4
-
-
trade
199
271
-
-
total
393
537
-
-
Dividends
816
1 114
-
-
withholding
201
275
-
-
surtax

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

11
15
-
-
total
212
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
704
827
611
816
After tax
946
823
1 039
834
Living cost
342
342
342
342
Free-cash
604
481
697
492

Estimated living cost  is £342 per week

£229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£825
£840
£921
£885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
141
income
-
-
-
345
health
-
-
-
42
total
-
-
-
528
Employee
669
669
1 546
-
social contributions
33
56
75
-
income
70
62
338
-
health
7
11
26
-
total
110
129
439
-
Employer
669
669
1 546
-
health
7
12
29
-
social contributions
33
56
75
-
total
40
68
104
-
Corporate
1 219
913
-
-
income
152
114
-
-
total
152
114
-
-
Dividends
1 066
799
-
-
withholding
181
136
-
-
total
181
136
-
-
Income
1 650
1 650
1 650
1 650
Total tax
483
447
543
528
After tax
1 167
1 203
1 107
1 122
Living cost
282
282
282
282
Free-cash
885
921
825
840

Estimated living cost  is £282 per week

£193
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
£785
£972
£756
£760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
202
health
-
-
-
115
unemployment
-
-
-
25
pensions
-
-
-
165
total
-
-
-
507
Employee

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

The minimum wage is 138,000 HUF per month.

247
98
1 381
-
income
30
12
169
-
health
17
7
97
-
pensions
25
10
138
-
unemployment
4
1
21
-
total
76
30
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.

247
98
1 381
-
pensions
48
19
269
-
total
48
19
269
-
Corporate
1 355
1 533
-
-
income
122
138
-
-
total
122
138
-
-
Dividends
1 233
1 395
-
-
withholding
234
265
-
-
social contributions
239
271
-
-
total
473
536
-
-
Income
1 650
1 650
1 650
1 650
Total tax
719
723
694
507
After tax
931
927
956
1 143
Living cost
171
171
171
171
Free-cash
760
756
785
972

Estimated living cost  is £171 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Budapest model

Close
Tallinn , Estonia
£740
£675
£1110
£1056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
221
health
-
-
-
214
pensions
-
-
-
330
total
-
-
-
765
Employee
247
-
1 233
-
income
28
-
238
-
pensions
5
-
25
-
unemployment
4
-
20
-
total
37
-
283
-
Employer
247
-
1 233
-
unemployment
2
-
10
-
pensions
49
-
247
-
health
32
-
160
-
total
83
-
417
-
Corporate
1 320
1 650
-
-
income
264
330
-
-
total
264
330
-
-
Dividends
1 056
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
210
210
210
210
Free-cash
1 056
1 110
740
675

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£710
£937
-£57
£105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
462
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
522
Employee
300
-
1 493
-
income
41
-
355
-
health
34
-
171
-
pensions
34
-
66
-
total
109
-
592
-
Employer
300
-
1 493
-
unemployment
7
-
37
-
pensions
49
-
95
-
accident
5
-
25
-
total
61
-
157
-
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
749
522
After tax
296
134
901
1 128
Living cost
191
191
191
191
Free-cash
105
-57
710
937

Estimated living cost  is £191 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1246
£1559
£1493
£1479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
93
-
1 650
-
income
19
-
330
-
total
19
-
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%.

1 557
1 650
-
-
total
-
-
-
-
Dividends
1 557
1 650
-
-
withholding
78
83
-
-
total
78
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
97
83
330
17
After tax
1 553
1 567
1 320
1 633
Living cost
74
74
74
74
Free-cash
1 479
1 493
1 246
1 559

Estimated living cost  is £74 per week

£46
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
£701
£713
£980
£923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
266
health
-
-
-
58
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.

-
-
-
318
total
-
-
-
705
Employee
316
-
1 318
-
income
54
-
262
-
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
-
total
83
-
385
-
Employer
316
-
1 318
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

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

54
-
224
-
health
4
-
18
-
accident
3
-
11
-
total
80
-
332
-
Corporate
1 255
1 650
-
-
income
263
347
-
-
total
263
347
-
-
Dividends
991
1 303
-
-
withholding
69
91
-
-
total
69
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
495
438
717
705
After tax
1 155
1 212
933
945
Living cost
232
232
232
232
Free-cash
923
980
701
713

Estimated living cost  is £232 per week

£164
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
£354
£502
£484
£531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1275
£1208
£1298
£1257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
248
health
-
-
-
35
unemployment
-
-
-
1
pensions

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

-
-
-
45
total
-
-
-
329
Employee
150
-
1 591
-
income
15
-
159
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
27
-
total
37
-
203
-
Employer
150
-
1 591
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
30
-
59
-
Corporate
1 470
1 650
-
-
income
147
165
-
-
total
147
165
-
-
Dividends
1 323
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
280
239
262
329
After tax
1 370
1 411
1 388
1 321
Living cost
113
113
113
113
Free-cash
1 257
1 298
1 275
1 208

Estimated living cost  is £113 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£563
£421
£336
£359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
538
health
-
-
-
107
pensions
-
-
-
102
total
-
-
-
747
Employee
807
743
1 488
-
income

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

122
122
235
-
health
101
97
107
-
pensions
102
102
102
-
total
325
321
444
-
Employer
807
743
1 488
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
702
777
-
-
income
140
155
-
-
total
140
155
-
-
Dividends
562
622
-
-
withholding
84
93
-
-
income
119
132
-
-
total
203
225
-
-
Income
1 650
1 650
1 650
1 650
Total tax
809
832
605
747
After tax
841
818
1 045
903
Living cost
482
482
482
482
Free-cash
359
336
563
421

Estimated living cost  is £482 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£657
£728
£919
£841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
312
income
-
-
-
167
health
-
-
-
223
solidarity contribution
-
-
-
3
total
-
-
-
705
Employee
319
-
1 268
-
social contributions
21
-
70
-
income
38
-
154
-
health
43
-
171
-
solidarity contribution
-
-
-
-
total
102
-
395
-
Employer
319
-
1 268
-
health
29
-
114
-
social contributions
80
-
267
-
total
109
-
381
-
Corporate
1 222
1 650
-
-
income
232
314
-
-
total
232
314
-
-
Dividends
990
1 336
-
-
withholding
149
200
-
-
total
149
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
592
514
776
705
After tax
1 058
1 136
874
945
Living cost
217
217
217
217
Free-cash
841
919
657
728

Estimated living cost  is £217 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£341
£415
£514
£469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
national
-
-
-
414
regional
-
-
-
20
municipal
-
-
-
10
total
-
-
-
868
Employee
773
-
1 650
-
social contributions
261
-
556
-
municipal
4
-
9
-
regional
7
-
17
-
national
134
-
360
-
total
406
-
942
-
Employer
773
-
1 650
-
total
-
-
-
-
Corporate
877
1 650
-
-
nationa
210
396
-
-
municipal
34
64
-
-
total
244
460
-
-
Dividends
632
1 190
-
-
withholding
164
309
-
-
total
164
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
814
769
942
868
After tax
836
881
708
782
Living cost
367
367
367
367
Free-cash
469
514
341
415

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£533
£588
£846
£821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
478
health
-
-
-
82
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
232
surtax
-
-
-
76
total
-
-
-
870
Employee
288
-
1 406
-
income
48
-
426
-
surtax
1
-
66
-
health
7
-
30
-
pensions
19
-
77
-
unemployment
20
-
81
-
other
-
-
-
-
total
95
-
680
-
Employer
288
-
1 406
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
1 302
1 650
-
-
income
338
429
-
-
total
338
429
-
-
Dividends
963
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
637
612
925
870
After tax
1 013
1 038
725
780
Living cost
192
192
192
192
Free-cash
821
846
533
588

Estimated living cost  is £192 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£539
£687
£669
£726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
554
-
1 440
-
income
100
-
384
-
health
8
-
20
-
pensions
47
-
99
-
total
155
-
503
-
Employer
554
-
1 440
-
pensions
60
-
182
-
health
11
-
27
-
total
71
-
209
-
Corporate
1 026
1 650
-
-
income

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£573
£648
£74
£363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
17
health
-
-
-
4
national
-
-
-
31
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
pensions
-
-
-
152
regional
-
-
-
84
total
-
-
-
321
Employee
797
-
1 477
-
regional
26
-
73
-
health
2
-
3
-
national
4
-
23
-
pensions
67
-
124
-
unemployment
-
-
-
-
city
9
-
16
-
total
108
-
239
-
Employer
797
-
1 477
-
other

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

16
-
30
-
unemployment
-
-
-
-
pensions
67
-
124
-
health
2
-
3
-
total
85
-
157
-
Corporate
760
1 650
-
-
regional
161
349
-
-
national
65
140
-
-
total
226
489
-
-
Dividends
535
1 161
-
-
withholding
187
406
-
-
total
187
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
606
895
396
321
After tax
1 044
755
1 254
1 329
Living cost
681
681
681
681
Free-cash
363
74
573
648

Estimated living cost  is £681 per week

£443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£640
£426
£415
£559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
523
health

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

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

-
-
-
59
surtax

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

-
-
-
29
trade
-
-
-
214
total
-
-
-
825
Employee

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

523
-
1 650
-
income

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

61
-
523
-
surtax

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

3
-
29
-
health

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

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

59
-
59
-
total
123
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 127
1 650
-
-
surtax

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

9
14
-
-
income
169
248
-
-
chamber of commerce
3
4
-
-
trade
193
283
-
-
total
374
549
-
-
Dividends
753
1 102
-
-
withholding
185
272
-
-
surtax

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

10
15
-
-
total
195
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
692
836
611
825
After tax
958
814
1 039
825
Living cost
399
399
399
399
Free-cash
559
415
640
426

Estimated living cost  is £399 per week

£291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£595
£631
£534
£585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
income
-
-
-
267
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
721
Employee
372
-
1 272
-
social contributions
11
-
36
-
income
22
-
252
-
surtax
-
-
-
-
pensions
42
-
91
-
total
75
-
379
-
Employer
372
-
1 272
-
other
13
-
50
-
unemployment
15
-
52
-
pensions
61
-
152
-
health
26
-
120
-
social contributions
1
-
4
-
total
116
-
378
-
Corporate
1 161
1 650
-
-
surtax
-
-
-
-
income
325
462
-
-
total
325
462
-
-
Dividends
836
1 188
-
-
withholding
107
152
-
-
surtax
-
-
-
-
social contributions
144
204
-
-
total
251
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
767
818
757
721
After tax
883
832
893
929
Living cost
298
298
298
298
Free-cash
585
534
595
631

Estimated living cost  is £298 per week

£188
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
£625
£661
£564
£613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
47
income
-
-
-
267
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
721
Employee
332
-
1 272
-
social contributions
9
-
36
-
income
17
-
252
-
surtax
-
-
-
-
pensions
38
-
91
-
total
64
-
379
-
Employer
332
-
1 272
-
other
11
-
50
-
unemployment
13
-
52
-
pensions
55
-
152
-
health
23
-
120
-
social contributions
1
-
4
-
total
103
-
378
-
Corporate
1 214
1 650
-
-
surtax
-
-
-
-
income
340
462
-
-
total
340
462
-
-
Dividends
874
1 188
-
-
withholding
112
152
-
-
surtax
-
-
-
-
social contributions
150
204
-
-
total
262
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
769
818
757
721
After tax
881
832
893
929
Living cost
268
268
268
268
Free-cash
613
564
625
661

Estimated living cost  is £268 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£838
£874
£822
£826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
228
income
-
-
-
248
health
-
-
-
115
total
-
-
-
591
Employee
295
-
1 650
-
social contributions
41
-
228
-
income
49
-
285
-
health
21
-
115
-
total
111
-
628
-
Employer
295
-
1 650
-
total
-
-
-
-
Corporate
1 355
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
83
-
-
total
68
83
-
-
Dividends
1 287
1 567
-
-
health
90
109
-
-
withholding
193
235
-
-
social contributions
178
216
-
-
total
461
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
640
643
628
591
After tax
1 010
1 007
1 022
1 059
Living cost
184
184
184
184
Free-cash
826
822
838
874

Estimated living cost  is £184 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£130
£540
£607
£590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
475
health
-
-
-
78
unemployment
-
-
-
53
pensions
-
-
-
188
surtax
-
-
-
2
chamber of commerce
-
-
-
7
total
-
-
-
803
Employee
435
347
1 333
-
income
50
26
388
-
health
17
13
39
-
pensions
45
35
104
-
unemployment
13
10
30
-
other
4
3
10
-
total
129
87
571
-
Employer
435
347
1 333
-
other
21
16
61
-
surtax
2
2
2
-
unemployment
13
10
30
-
pensions
55
44
128
-
payroll
13
10
40
-
health
16
13
38
-
accident
6
5
13
-
chamber of commerce
2
1
5
-
total
128
101
317
-
Corporate
1 088
1 202
1 300
-
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.

272
300
325
-
total
272
300
325
-
Dividends
816
901
-
-
withholding
224
248
-
-
total
224
248
-
-
Income
1 650
1 650
1 650
1 650
Total tax
753
736
1 213
803
After tax
897
914
437
847
Living cost
307
307
307
307
Free-cash
590
607
130
540

Estimated living cost  is £307 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£256
£399
£605
£477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
217
national
-
-
-
631
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.

622
-
1 278
-
communal

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

32
-
67
-
health

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

29
-
60
-
national
191
-
470
-
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
-
total
304
-
704
-
Employer

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

622
-
1 278
-
surtax
71
-
145
-
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
-
pensions

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

55
-
113
-
health

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

38
-
79
-
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
-
total
181
-
373
-
Corporate
846
1 650
-
-
surtax
3
7
-
-
income
169
330
-
-
total
172
337
-
-
Dividends
674
1 313
-
-
withholding

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

199
391
-
-
total
199
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
856
728
1 077
934
After tax
794
922
573
716
Living cost
317
317
317
317
Free-cash
477
605
256
399

Estimated living cost  is £317 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£575
£611
£784
£726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
483
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
228
total
-
-
-
725
Employee
433
-
1 393
-
income
91
-
454
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
total
118
-
505
-
Employer
433
-
1 393
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
accident
9
-
16
-
total
138
-
256
-
Corporate
1 079
1 650
-
-
income

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

162
248
-
-
total
162
248
-
-
Dividends
917
1 402
-
-
withholding
192
304
-
-
total
192
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
610
552
761
725
After tax
1 040
1 098
889
925
Living cost
314
314
314
314
Free-cash
726
784
575
611

Estimated living cost  is £314 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£395
£330
£484
£367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
284
health
-
-
-
116
communal
-
-
-
104
pensions
-
-
-
247
surtax
-
-
-
82
total
-
-
-
847
Employee
659
-
1 474
-
income
64
-
332
-
surtax
40
-
90
-
health
29
-
66
-
pensions
53
-
118
-
total
186
-
606
-
Employer
659
-
1 474
-
pensions
53
-
118
-
health
20
-
45
-
accident
6
-
13
-
total
79
-
176
-
Corporate
912
1 650
-
-
surtax
10
17
-
-
income
137
248
-
-
communal
62
111
-
-
total
209
376
-
-
Dividends
704
1 274
-
-
withholding
106
191
-
-
income
230
126
-
-
total
336
317
-
-
Income
1 650
1 650
1 650
1 650
Total tax
810
693
782
847
After tax
840
957
868
803
Living cost
473
473
473
473
Free-cash
367
484
395
330

Estimated living cost  is £473 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£530
£585
£843
£816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
478
health
-
-
-
82
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
232
surtax
-
-
-
76
total
-
-
-
870
Employee
293
-
1 406
-
income
49
-
426
-
surtax
1
-
66
-
health
7
-
30
-
pensions
20
-
77
-
unemployment
20
-
81
-
other
-
-
-
-
total
97
-
680
-
Employer
293
-
1 406
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
1 295
1 650
-
-
income
337
429
-
-
total
337
429
-
-
Dividends
959
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
925
870
After tax
1 011
1 038
725
780
Living cost
195
195
195
195
Free-cash
816
843
530
585

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£469
£543
£633
£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
social contributions
-
-
-
424
national
-
-
-
414
regional
-
-
-
25
municipal
-
-
-
10
total
-
-
-
873
Employee
483
-
1 650
-
social contributions
163
-
556
-
municipal
3
-
9
-
regional
6
-
22
-
national
76
-
360
-
total
248
-
947
-
Employer
483
-
1 650
-
total
-
-
-
-
Corporate
1 167
1 650
-
-
nationa
280
396
-
-
municipal
58
82
-
-
total
338
478
-
-
Dividends
829
1 172
-
-
withholding
216
305
-
-
total
216
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
802
783
947
873
After tax
848
867
703
777
Living cost
234
234
234
234
Free-cash
614
633
469
543

Estimated living cost  is £234 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£607
£678
£869
£775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
income
-
-
-
167
health
-
-
-
223
solidarity contribution
-
-
-
3
total
-
-
-
705
Employee
393
-
1 268
-
social contributions
26
-
70
-
income
47
-
154
-
health
53
-
171
-
solidarity contribution
-
-
-
-
total
126
-
395
-
Employer
393
-
1 268
-
health
35
-
114
-
social contributions
98
-
267
-
total
133
-
381
-
Corporate
1 123
1 650
-
-
income
213
314
-
-
total
213
314
-
-
Dividends
910
1 336
-
-
withholding
136
200
-
-
total
136
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
608
514
776
705
After tax
1 042
1 136
874
945
Living cost
267
267
267
267
Free-cash
775
869
607
678

Estimated living cost  is £267 per week

£199
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
£160
£571
£637
£631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
475
health
-
-
-
78
unemployment
-
-
-
53
pensions
-
-
-
188
surtax
-
-
-
-
chamber of commerce
-
-
-
7
total
-
-
-
801
Employee
380
347
1 334
-
income
34
26
389
-
health
15
13
39
-
pensions
39
35
104
-
unemployment
11
10
30
-
other
4
3
10
-
total
103
87
572
-
Employer
380
347
1 334
-
other
18
16
61
-
surtax
-
-
-
-
unemployment
11
10
30
-
pensions
48
44
128
-
payroll
11
10
40
-
health
14
13
38
-
accident
5
5
13
-
chamber of commerce
2
1
5
-
total
109
99
315
-
Corporate
1 160
1 203
1 301
-
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.

290
301
325
-
total
290
301
325
-
Dividends
870
903
-
-
withholding
239
248
-
-
total
239
248
-
-
Income
1 650
1 650
1 650
1 650
Total tax
741
735
1 212
801
After tax
909
915
438
849
Living cost
278
278
278
278
Free-cash
631
637
160
571

Estimated living cost  is £278 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1204
£1517
£1451
£1430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
145
-
1 650
-
income
29
-
330
-
total
29
-
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%.

1 505
1 650
-
-
total
-
-
-
-
Dividends
1 505
1 650
-
-
withholding
75
83
-
-
total
75
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
104
83
330
17
After tax
1 546
1 567
1 320
1 633
Living cost
116
116
116
116
Free-cash
1 430
1 451
1 204
1 517

Estimated living cost  is £116 per week

£79
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.
£29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£524
£567
£904
£830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 650
income
-
-
-
385
health
-
-
-
162
unemployment
-
-
-
2
pensions
-
-
-
301
total
-
-
-
850
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.

385
-
1 428
-
income
66
-
356
-
health
25
-
92
-
pensions
60
-
221
-
unemployment
1
-
2
-
total
152
-
671
-
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.

385
-
1 428
-
unemployment
-
-
1
-
pensions
34
-
126
-
health
26
-
95
-
total
60
-
222
-
Corporate
1 205
1 650
-
-
income
229
313
-
-
total
229
313
-
-
Dividends
976
1 337
-
-
withholding
146
200
-
-
total
146
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
587
513
893
850
After tax
1 063
1 137
757
800
Living cost
233
233
233
233
Free-cash
830
904
524
567

Estimated living cost  is £233 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1115
£730
£594
£142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
587
-
-
-
social contributions
48
-
7
-
income
130
-
-
-
total
178
-
7
-
Employer
587
-
-
-
social contributions
828
-
118
-
total
828
-
118
-
Corporate
234
1 650
-
-
income
52
363
-
-
total
52
363
-
-
Dividends
183
1 287
-
-
income
40
283
-
-
total
40
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 098
646
125
510
After tax
552
1 004
1 525
1 140
Living cost
410
410
410
410
Free-cash
142
594
1 115
730

Estimated living cost  is £410 per week

£266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£477
£603
£665
£657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
201
surtax
-
-
-
-
total
-
-
-
774
Employee
400
-
1 333
-
social contributions
44
-
147
-
income
83
-
436
-
surtax
-
-
-
-
total
127
-
583
-
Employer
400
-
1 333
-
social contributions
95
-
317
-
total
95
-
317
-
Corporate
1 155
1 650
-
-
surtax
-
-
-
-
income
243
347
-
-
total
243
347
-
-
Dividends
912
1 303
-
-
withholding
255
365
-
-
total
255
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
712
900
774
After tax
930
938
750
876
Living cost
273
273
273
273
Free-cash
657
665
477
603

Estimated living cost  is £273 per week

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

Source of data for Lisbon model

Close
Paris , France
£473
£509
£412
£469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
47
income
-
-
-
267
health
-
-
-
73
other
-
-
-
51
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
721
Employee
545
-
1 272
-
social contributions
16
-
36
-
income
48
-
252
-
surtax
-
-
-
-
pensions
62
-
91
-
total
126
-
379
-
Employer
545
-
1 272
-
other
19
-
50
-
unemployment
22
-
52
-
pensions
90
-
152
-
health
38
-
120
-
social contributions
2
-
4
-
total
171
-
378
-
Corporate
935
1 650
-
-
surtax
-
-
-
-
income
262
462
-
-
total
262
462
-
-
Dividends
673
1 188
-
-
withholding
86
152
-
-
surtax
-
-
-
-
social contributions
116
204
-
-
total
202
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
761
818
757
721
After tax
889
832
893
929
Living cost
420
420
420
420
Free-cash
469
412
473
509

Estimated living cost  is £420 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£993
£949
£1223
£1194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
76
social contributions
-
-
-
363
total
-
-
-
439
Employee
280
-
1 429
-
social contributions
18
-
93
-
income
-
-
81
-
total
18
-
174
-
Employer
280
-
1 429
-
social contributions
43
-
221
-
total
43
-
221
-
Corporate
1 327
1 650
-
-
income
133
165
-
-
total
133
165
-
-
Dividends
1 194
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
194
165
395
439
After tax
1 456
1 485
1 255
1 211
Living cost
262
262
262
262
Free-cash
1 194
1 223
993
949

Estimated living cost  is £262 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£243
£548
-£243
-£243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
national
-
-
-
198
pensions
-
-
-
8
labour market
-
-
-
131
municipal
-
-
-
347
total
-
-
-
684
Employee
1 765
1 765
1 765
-
municipal
376
376
376
-
national
216
216
216
-
pensions
3
3
3
-
labour market
141
141
141
-
total
736
736
736
-
Employer
1 765
1 765
1 765
-
national
216
216
216
-
pensions
5
5
5
-
labour market
141
141
141
-
municipal
377
377
377
-
total
739
739
739
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 475
1 475
1 475
684
After tax
175
175
175
966
Living cost
418
418
418
418
Free-cash
-243
-243
-243
548

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£713
£940
-£54
£104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
462
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
522
Employee
295
-
1 493
-
income
41
-
355
-
health
34
-
171
-
pensions
33
-
66
-
total
108
-
592
-
Employer
295
-
1 493
-
unemployment
7
-
37
-
pensions
48
-
95
-
accident
5
-
25
-
total
60
-
157
-
Corporate
1 294
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.

1 165
1 485
-
-
total
1 165
1 485
-
-
Dividends
129
165
-
-
withholding
25
31
-
-
total
25
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 358
1 516
749
522
After tax
292
134
901
1 128
Living cost
188
188
188
188
Free-cash
104
-54
713
940

Estimated living cost  is £188 per week

£137
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
£523
£713
£693
£718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
288
health
-
-
-
22
municipal
-
-
-
293
total
-
-
-
603
Employee
458
-
1 388
-
municipal
75
-
226
-
health
3
-
18
-
national
8
-
172
-
pensions
31
-
94
-
unemployment
7
-
21
-
total
124
-
531
-
Employer
458
-
1 388
-
unemployment
3
-
9
-
pensions
79
-
241
-
health
4
-
11
-
accident
-
-
1
-
total
86
-
262
-
Corporate
1 106
1 650
-
-
income
221
330
-
-
total
221
330
-
-
Dividends

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

664
990
-
-
municipal
119
178
-
-
national
48
115
-
-
total
167
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
598
623
793
603
After tax
1 052
1 027
857
1 047
Living cost
334
334
334
334
Free-cash
718
693
523
713

Estimated living cost  is £334 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£906
£921
£1002
£955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
141
income
-
-
-
345
health
-
-
-
42
total
-
-
-
528
Employee
669
669
1 546
-
social contributions
25
56
75
-
income
73
62
338
-
health
5
11
26
-
total
103
129
439
-
Employer
669
669
1 546
-
health
6
12
29
-
social contributions
25
56
75
-
total
31
68
104
-
Corporate
1 314
913
-
-
income
164
114
-
-
total
164
114
-
-
Dividends
1 150
799
-
-
withholding
196
136
-
-
total
196
136
-
-
Income
1 650
1 650
1 650
1 650
Total tax
494
447
543
528
After tax
1 156
1 203
1 107
1 122
Living cost
201
201
201
201
Free-cash
955
1 002
906
921

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1083
£1257
£1228
£1183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 650
income
-
-
-
169
health
-
-
-
31
unemployment
-
-
-
-
pensions
-
-
-
55
total
-
-
-
255
Employee

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

200
-
1 565
-
income
14
-
147
-
health
17
-
70
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
345
-
Employer

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

200
-
1 565
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 430
1 650
-
-
income
129
149
-
-
total
129
149
-
-
Dividends
1 301
1 501
-
-
withholding
117
135
-
-
total
117
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
329
284
429
255
After tax
1 321
1 366
1 221
1 395
Living cost
138
138
138
138
Free-cash
1 183
1 228
1 083
1 257

Estimated living cost  is £138 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£650
£686
£859
£821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
483
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
228
total
-
-
-
725
Employee
322
-
1 393
-
income
62
-
454
-
pensions
15
-
38
-
unemployment
5
-
12
-
other
-
-
1
-
total
82
-
505
-
Employer
322
-
1 393
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
accident
6
-
16
-
total
103
-
256
-
Corporate
1 226
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.

184
248
-
-
total
184
248
-
-
Dividends
1 042
1 402
-
-
withholding
221
304
-
-
total
221
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
590
552
761
725
After tax
1 060
1 098
889
925
Living cost
239
239
239
239
Free-cash
821
859
650
686

Estimated living cost  is £239 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1048
£1015
£1014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
568
health
-
-
-
8
pensions
-
-
-
11
total
-
-
-
587
Employee
22
-
1 638
-
income
4
-
567
-
health
1
-
3
-
pensions
2
-
5
-
unemployment
-
-
1
-
total
7
-
576
-
Employer
22
-
1 638
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
2
-
5
-
total
4
-
12
-
Corporate
1 623
1 650
-
-
income
357
363
-
-
total
357
363
-
-
Dividends
1 266
1 287
-
-
withholding
253
257
-
-
total
253
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
621
620
588
587
After tax
1 029
1 030
1 062
1 063
Living cost
15
15
15
15
Free-cash
1 014
1 015
1 047
1 048

Estimated living cost  is £15 per week

£9
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.
£4
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£881
£881
£1042
£999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 650
income
-
-
-
376
health
-
-
-
66
unemployment
-
-
-
10
pensions
-
-
-
167
total
-
-
-
619
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.

227
-
1 535
-
income
31
-
376
-
health
12
-
33
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
504
-
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.

227
-
1 535
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 383
1 650
-
-
income
207
248
-
-
total
207
248
-
-
Dividends
1 175
1 402
-
-
withholding
176
210
-
-
total
176
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
501
458
619
619
After tax
1 149
1 192
1 031
1 031
Living cost
150
150
150
150
Free-cash
999
1 042
881
881

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£515
£641
£703
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
social contributions

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

-
-
-
573
income
-
-
-
201
surtax
-
-
-
-
total
-
-
-
774
Employee
338
-
1 333
-
social contributions
37
-
147
-
income
66
-
436
-
surtax
-
-
-
-
total
103
-
583
-
Employer
338
-
1 333
-
social contributions
80
-
317
-
total
80
-
317
-
Corporate
1 232
1 650
-
-
surtax
-
-
-
-
income
259
347
-
-
total
259
347
-
-
Dividends
973
1 303
-
-
withholding
273
365
-
-
total
273
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
715
712
900
774
After tax
935
938
750
876
Living cost
235
235
235
235
Free-cash
700
703
515
641

Estimated living cost  is £235 per week

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

Source of data for Porto model

Close
Madrid , Spain
£583
£619
£792
£736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
7
income
-
-
-
483
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
228
total
-
-
-
725
Employee
420
-
1 393
-
income
88
-
454
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
total
115
-
505
-
Employer
420
-
1 393
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
accident
8
-
16
-
total
133
-
256
-
Corporate
1 096
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
248
-
-
total
164
248
-
-
Dividends
931
1 402
-
-
withholding
196
304
-
-
total
196
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
608
552
761
725
After tax
1 042
1 098
889
925
Living cost
306
306
306
306
Free-cash
736
792
583
619

Estimated living cost  is £306 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1239
£1172
£1262
£1209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
248
health
-
-
-
35
unemployment
-
-
-
1
pensions

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

-
-
-
45
total
-
-
-
329
Employee
197
-
1 591
-
income
20
-
159
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

17
-
27
-
total
48
-
203
-
Employer
197
-
1 591
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
59
-
Corporate
1 414
1 650
-
-
income
141
165
-
-
total
141
165
-
-
Dividends
1 273
1 485
-
-
withholding
64
74
-
-
total
64
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
292
239
262
329
After tax
1 358
1 411
1 388
1 321
Living cost
149
149
149
149
Free-cash
1 209
1 262
1 239
1 172

Estimated living cost  is £149 per week

£98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£703
£524
£511
£627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
523
health

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

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

-
-
-
59
surtax

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

-
-
-
29
trade
-
-
-
179
total
-
-
-
790
Employee

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

433
-
1 650
-
income

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

36
-
523
-
surtax

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

2
-
29
-
health

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

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

59
-
59
-
total
97
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 217
1 650
-
-
surtax

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

10
14
-
-
income
183
248
-
-
chamber of commerce
3
4
-
-
trade
175
237
-
-
total
371
503
-
-
Dividends
847
1 148
-
-
withholding
208
284
-
-
surtax

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

11
16
-
-
total
219
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
687
803
611
790
After tax
963
847
1 039
860
Living cost
336
336
336
336
Free-cash
627
511
703
524

Estimated living cost  is £336 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£360
£360
£659
£678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
516
social contributions
-
-
-
278
total
-
-
-
794
Employee
681
-
1 650
-
social contributions
57
-
278
-
income
128
-
516
-
total
185
-
794
-
Employer
681
-
1 650
-
total
-
-
-
-
Corporate
969
1 650
-
-
income
121
206
-
-
total
121
206
-
-
Dividends
848
1 444
-
-
withholding
170
289
-
-
total
170
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
476
495
794
794
After tax
1 174
1 155
856
856
Living cost
496
496
496
496
Free-cash
678
659
360
360

Estimated living cost  is £496 per week

£377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£850
£1032
£710
£741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
248
health

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

-
-
-
54
total
-
-
-
302
Employee
399
-
1 610
-
social contributions
40
-
40
-
income
43
-
404
-
total
83
-
444
-
Employer
399
-
1 610
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 211
1 650
-
-
income
424
578
-
-
total
424
578
-
-
Dividends
787
1 072
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 650
1 650
1 650
1 650
Total tax
593
624
484
302
After tax
1 057
1 026
1 166
1 348
Living cost
316
316
316
316
Free-cash
741
710
850
1 032

Estimated living cost  is £316 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£614
£762
£744
£796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
483
pensions
-
-
-
81
total
-
-
-
564
Employee
445
-
1 440
-
income
81
-
384
-
health
6
-
20
-
pensions
34
-
99
-
total
121
-
503
-
Employer
445
-
1 440
-
pensions
45
-
182
-
health
8
-
27
-
total
53
-
209
-
Corporate
1 151
1 650
-
-
income

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£695
£922
-£72
£102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
462
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
522
Employee
325
-
1 493
-
income
45
-
355
-
health
37
-
171
-
pensions
37
-
66
-
total
119
-
592
-
Employer
325
-
1 493
-
unemployment
8
-
37
-
pensions
53
-
95
-
accident
5
-
25
-
total
66
-
157
-
Corporate
1 259
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.

1 133
1 485
-
-
total
1 133
1 485
-
-
Dividends
126
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 342
1 516
749
522
After tax
308
134
901
1 128
Living cost
206
206
206
206
Free-cash
102
-72
695
922

Estimated living cost  is £206 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1067
£875
£1144
£1229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 650
health insurance
-
-
-
103
income
-
-
-
274
work injury
-
-
-
7
unemployment
-
-
-
17
pensions
-
-
-
256
total
-
-
-
657
Employee

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

188
-
1 650
-
work injury
1
-
3
-
income
19
-
274
-
health insurance
14
-
52
-
pensions
35
-
128
-
unemployment
2
-
8
-
total
71
-
465
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 462
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
1 447
1 485
-
-
withholding
217
223
-
-
total
217
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
303
388
465
657
After tax
1 347
1 262
1 185
993
Living cost
118
118
118
118
Free-cash
1 229
1 144
1 067
875

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
£343
£416
£522
£483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
national
-
-
-
414
regional
-
-
-
38
municipal
-
-
-
11
total
-
-
-
887
Employee
733
-
1 650
-
social contributions
247
-
556
-
municipal
4
-
10
-
regional
11
-
34
-
national
124
-
360
-
total
386
-
960
-
Employer
733
-
1 650
-
total
-
-
-
-
Corporate
917
1 650
-
-
nationa
220
396
-
-
municipal
44
80
-
-
total
264
476
-
-
Dividends
653
1 174
-
-
withholding
170
305
-
-
total
170
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
820
781
960
887
After tax
830
869
690
763
Living cost
347
347
347
347
Free-cash
483
522
343
416

Estimated living cost  is £347 per week

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

Source of data for Rome model

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Estimated living cost

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