Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 1650
per

Your estimated
City
free-cash

Dresden , Germany
£566
£774
£578
£664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
522
surtax

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

-
-
-
29
health

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

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

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

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

334
-
1 650
-
surtax

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

1
-
29
-
income

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

9
-
522
-
health

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

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

60
-
60
-
total
70
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 316
1 650
-
-
income
197
248
-
-
surtax

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

11
14
-
-
chamber of commerce
3
4
-
-
trade
207
260
-
-
total
418
526
-
-
Dividends
897
1 125
-
-
surtax

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

12
15
-
-
withholding
221
278
-
-
total
233
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
819
611
807
After tax
929
831
1 039
843
Living cost
265
265
265
265
Free-cash
664
566
774
578

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£565
£515
£505
£556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
18
municipal
-
-
-
181
national
-
-
-
283
pensions
-
-
-
198
total
-
-
-
680
Employee
721
-
1 426
-
municipal
89
-
187
-
pensions
29
-
57
-
national
138
-
297
-
total
256
-
541
-
Employer
721
-
1 426
-
pensions
58
-
114
-
social contributions
8
-
15
-
total
66
-
129
-
Corporate
815
1 650
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

163
330
-
-
total
163
330
-
-
Dividends
652
1 320
-
-
withholding
144
290
-
-
total
144
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
629
620
670
680
After tax
1 021
1 030
980
970
Living cost
465
465
465
465
Free-cash
556
565
515
505

Estimated living cost  is £465 per week

£316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1138
£518
£397
£1066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 650
income
-
-
-
315
surtax
-
-
-
421
social contributions

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

-
-
-
335
microenterprise
-
-
-
-
total
-
-
-
1 071
Employee
255
-
1 260
-
surtax
-
-
183
-
social contributions

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

28
-
115
-
income
45
-
262
-
total
73
-
560
-
Employer
255
-
1 260
-
social contributions

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

62
-
251
-
surtax
-
-
139
-
total
62
-
390
-
Corporate
1 333
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.

1 066
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
402
330
950
1 071
After tax
1 248
1 320
700
579
Living cost
182
182
182
182
Free-cash
1 066
1 138
518
397

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£453
£677
£537
£399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
537
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
747
Employee
746
746
1 488
-
pensions
134
102
102
-
income

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

122
122
235
-
health
115
97
108
-
total
371
321
445
-
Employer
746
746
1 488
-
health
52
52
64
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
162
-
Corporate
782
773
-
-
income
156
155
-
-
total
156
155
-
-
Dividends
626
618
-
-
income
133
131
-
-
withholding
94
93
-
-
total
227
224
-
-
Income
1 650
1 650
1 650
1 650
Total tax
885
831
607
747
After tax
765
819
1 043
903
Living cost
366
366
366
366
Free-cash
399
453
677
537

Estimated living cost  is £366 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£552
£483
£490
£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
other
-
-
-
89
unemployment
-
-
-
1
health
-
-
-
48
municipal
-
-
-
426
national
-
-
-
162
pensions
-
-
-
83
total
-
-
-
811
Employee
498
-
1 410
-
municipal
148
-
420
-
national
-
-
157
-
total
148
-
577
-
Employer
498
-
1 410
-
health
31
-
47
-
pensions
54
-
83
-
accident
1
-
2
-
unemployment
13
-
20
-
other
58
-
89
-
total
157
-
241
-
Corporate
996
1 650
-
-
income
219
363
-
-
total
219
363
-
-
Dividends
777
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
£480
£696
£491
£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.

-
-
-
522
surtax

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

-
-
-
29
health

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

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

-
-
-
60
trade
-
-
-
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.

443
-
1 650
-
surtax

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

2
-
29
-
income

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

38
-
522
-
health

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

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

60
-
60
-
total
100
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 207
1 650
-
-
income
181
248
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
198
271
-
-
total
392
537
-
-
Dividends
814
1 114
-
-
surtax

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

11
15
-
-
withholding
200
275
-
-
total
211
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
703
827
611
816
After tax
947
823
1 039
834
Living cost
343
343
343
343
Free-cash
604
480
696
491

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£920
£824
£839
£882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
344
social contributions
-
-
-
141
health
-
-
-
42
total
-
-
-
527
Employee
672
672
1 546
-
social contributions
33
56
75
-
income
71
62
337
-
health
7
11
26
-
total
111
129
438
-
Employer
672
672
1 546
-
health
7
12
29
-
social contributions
33
56
75
-
total
40
68
104
-
Corporate
1 217
910
-
-
income
152
114
-
-
total
152
114
-
-
Dividends
1 065
796
-
-
withholding
181
135
-
-
total
181
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
484
446
542
527
After tax
1 166
1 204
1 108
1 123
Living cost
284
284
284
284
Free-cash
882
920
824
839

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£769
£799
£986
£772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

226
90
1 381
-
unemployment
3
1
21
-
pensions
23
9
138
-
income
28
11
169
-
health
16
6
97
-
total
70
27
425
-
Employer

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

The minimum wage is 138,000 HUF per month.

226
90
1 381
-
pensions
44
18
269
-
total
44
18
269
-
Corporate
1 380
1 542
-
-
income
124
139
-
-
total
124
139
-
-
Dividends
1 256
1 404
-
-
social contributions
244
273
-
-
withholding
239
267
-
-
total
483
540
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
724
694
507
After tax
929
926
956
1 143
Living cost
157
157
157
157
Free-cash
772
769
799
986

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1109
£739
£673
£1054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
221
health
-
-
-
215
pensions
-
-
-
330
total
-
-
-
766
Employee
248
-
1 233
-
unemployment
4
-
20
-
pensions
5
-
25
-
income
28
-
238
-
total
37
-
283
-
Employer
248
-
1 233
-
health
32
-
160
-
pensions
50
-
247
-
unemployment
2
-
10
-
total
84
-
417
-
Corporate
1 318
1 650
-
-
income
264
330
-
-
total
264
330
-
-
Dividends
1 055
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
385
330
700
766
After tax
1 265
1 320
950
884
Living cost
211
211
211
211
Free-cash
1 054
1 109
739
673

Estimated living cost  is £211 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£61
£703
£933
£104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
307
-
1 491
-
pensions
35
-
68
-
income
42
-
353
-
health
35
-
171
-
total
112
-
592
-
Employer
307
-
1 491
-
pensions
50
-
98
-
accident
5
-
25
-
unemployment
8
-
37
-
total
63
-
160
-
Corporate
1 280
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £195 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1497
£1250
£1564
£1484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
88
-
1 650
-
income
18
-
330
-
total
18
-
330
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 562
1 650
-
-
total
-
-
-
-
Dividends
1 562
1 650
-
-
withholding
78
83
-
-
total
78
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
96
83
330
16
After tax
1 554
1 567
1 320
1 634
Living cost
70
70
70
70
Free-cash
1 484
1 497
1 250
1 564

Estimated living cost  is £70 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£979
£700
£712
£921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
265
other
-
-
-
63
health
-
-
-
58
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.

-
-
-
319
total
-
-
-
705
Employee
317
-
1 318
-
unemployment
3
-
13
-
pensions

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

22
-
92
-
income
55
-
262
-
health
4
-
18
-
total
84
-
385
-
Employer
317
-
1 318
-
health
4
-
18
-
pensions

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

54
-
224
-
accident
3
-
11
-
unemployment
3
-
13
-
other
16
-
66
-
total
80
-
332
-
Corporate
1 253
1 650
-
-
income
263
347
-
-
total
263
347
-
-
Dividends
990
1 303
-
-
withholding
69
91
-
-
total
69
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
438
717
705
After tax
1 154
1 212
933
945
Living cost
233
233
233
233
Free-cash
921
979
700
712

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1296
£1272
£1206
£1255
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
total
-
-
-
329
Employee
152
-
1 590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
159
-
health
7
-
14
-
total
37
-
203
-
Employer
152
-
1 590
-
health
10
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
1 469
1 650
-
-
income
147
165
-
-
total
147
165
-
-
Dividends
1 322
1 485
-
-
withholding
66
74
-
-
total
66
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
280
239
263
329
After tax
1 370
1 411
1 387
1 321
Living cost
115
115
115
115
Free-cash
1 255
1 296
1 272
1 206

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£334
£558
£418
£356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
537
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
747
Employee
810
746
1 488
-
pensions
102
102
102
-
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
108
-
total
325
321
445
-
Employer
810
746
1 488
-
health
56
52
64
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
162
-
Corporate
698
773
-
-
income
140
155
-
-
total
140
155
-
-
Dividends
558
618
-
-
income
119
131
-
-
withholding
84
93
-
-
total
203
224
-
-
Income
1 650
1 650
1 650
1 650
Total tax
809
831
607
747
After tax
841
819
1 043
903
Living cost
485
485
485
485
Free-cash
356
334
558
418

Estimated living cost  is £485 per week

£358
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
£923
£662
£733
£846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
168
social contributions
-
-
-
308
solidarity contribution
-
-
-
4
health
-
-
-
223
total
-
-
-
703
Employee
315
-
1 271
-
solidarity contribution
-
-
-
-
social contributions
20
-
69
-
income
38
-
155
-
health
43
-
172
-
total
101
-
396
-
Employer
315
-
1 271
-
health
28
-
114
-
social contributions
79
-
264
-
total
107
-
378
-
Corporate
1 228
1 650
-
-
income
233
313
-
-
total
233
313
-
-
Dividends
994
1 337
-
-
withholding
149
200
-
-
total
149
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
590
513
774
703
After tax
1 060
1 137
876
947
Living cost
214
214
214
214
Free-cash
846
923
662
733

Estimated living cost  is £214 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£512
£339
£413
£465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
20
municipal
-
-
-
10
national
-
-
-
414
total
-
-
-
868
Employee
777
-
1 650
-
municipal
4
-
9
-
national
135
-
360
-
regional
7
-
17
-
social contributions
262
-
556
-
total
408
-
942
-
Employer
777
-
1 650
-
total
-
-
-
-
Corporate
873
1 650
-
-
municipal
34
64
-
-
nationa
210
396
-
-
total
244
460
-
-
Dividends
629
1 190
-
-
withholding
164
309
-
-
total
164
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
816
769
942
868
After tax
834
881
708
782
Living cost
369
369
369
369
Free-cash
465
512
339
413

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£845
£533
£586
£819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
477
other
-
-
-
-
surtax
-
-
-
76
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
871
Employee
289
-
1 404
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
65
-
income
48
-
424
-
health
7
-
30
-
total
95
-
678
-
Employer
289
-
1 404
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 300
1 650
-
-
income
338
429
-
-
total
338
429
-
-
Dividends
962
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
638
612
924
871
After tax
1 012
1 038
726
779
Living cost
193
193
193
193
Free-cash
819
845
533
586

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£65
£566
£640
£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
other

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

-
-
-
33
regional
-
-
-
84
health
-
-
-
4
city
-
-
-
17
national
-
-
-
30
pensions
-
-
-
152
total
-
-
-
320
Employee
808
-
1 477
-
unemployment
-
-
-
-
pensions
68
-
124
-
national
4
-
22
-
regional
26
-
72
-
city
9
-
16
-
health
2
-
3
-
total
109
-
237
-
Employer
808
-
1 477
-
health
2
-
3
-
pensions
68
-
124
-
unemployment
-
-
-
-
other

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

16
-
30
-
total
86
-
157
-
Corporate
748
1 650
-
-
regional
158
349
-
-
national
64
140
-
-
total
222
489
-
-
Dividends
526
1 161
-
-
withholding
184
406
-
-
total
184
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
601
895
394
320
After tax
1 049
755
1 256
1 330
Living cost
690
690
690
690
Free-cash
359
65
566
640

Estimated living cost  is £690 per week

£449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£414
£639
£426
£557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income

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

-
-
-
522
surtax

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

-
-
-
29
health

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

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

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

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

525
-
1 650
-
surtax

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

3
-
29
-
income

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

62
-
522
-
health

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

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

60
-
60
-
total
125
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 125
1 650
-
-
income
169
248
-
-
surtax

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

9
14
-
-
chamber of commerce
3
4
-
-
trade
193
283
-
-
total
374
549
-
-
Dividends
751
1 102
-
-
surtax

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

10
15
-
-
withholding
184
272
-
-
total
194
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
693
836
611
824
After tax
957
814
1 039
826
Living cost
400
400
400
400
Free-cash
557
414
639
426

Estimated living cost  is £400 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£533
£595
£629
£584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
374
-
1 272
-
pensions
42
-
90
-
surtax
-
-
-
-
social contributions
11
-
36
-
income
22
-
252
-
total
75
-
378
-
Employer
374
-
1 272
-
health
26
-
120
-
pensions
61
-
152
-
unemployment
15
-
52
-
social contributions
1
-
4
-
other
13
-
50
-
total
116
-
378
-
Corporate
1 159
1 650
-
-
income
325
462
-
-
surtax
-
-
-
-
total
325
462
-
-
Dividends
835
1 188
-
-
surtax
-
-
-
-
social contributions
144
204
-
-
withholding
107
152
-
-
total
251
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
767
818
756
722
After tax
883
832
894
928
Living cost
299
299
299
299
Free-cash
584
533
595
629

Estimated living cost  is £299 per week

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

Source of data for Nice model

Close
Marseille , France
£563
£625
£659
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
334
-
1 272
-
pensions
38
-
90
-
surtax
-
-
-
-
social contributions
10
-
36
-
income
17
-
252
-
total
65
-
378
-
Employer
334
-
1 272
-
health
23
-
120
-
pensions
55
-
152
-
unemployment
14
-
52
-
social contributions
1
-
4
-
other
12
-
50
-
total
105
-
378
-
Corporate
1 212
1 650
-
-
income
339
462
-
-
surtax
-
-
-
-
total
339
462
-
-
Dividends
872
1 188
-
-
surtax
-
-
-
-
social contributions
150
204
-
-
withholding
112
152
-
-
total
262
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
771
818
756
722
After tax
879
832
894
928
Living cost
269
269
269
269
Free-cash
610
563
625
659

Estimated living cost  is £269 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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£823
£837
£874
£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
income
-
-
-
248
social contributions
-
-
-
228
health
-
-
-
115
total
-
-
-
591
Employee
296
-
1 650
-
social contributions
41
-
228
-
income
49
-
285
-
health
21
-
115
-
total
111
-
628
-
Employer
296
-
1 650
-
total
-
-
-
-
Corporate
1 354
1 650
-
-
income

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

68
82
-
-
total
68
82
-
-
Dividends
1 286
1 568
-
-
social contributions
177
216
-
-
withholding
193
235
-
-
health
90
109
-
-
total
460
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
642
628
591
After tax
1 011
1 008
1 022
1 059
Living cost
185
185
185
185
Free-cash
826
823
837
874

Estimated living cost  is £185 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£605
£126
£538
£589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
474
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
804
Employee
437
348
1 332
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
386
-
health
17
13
40
-
total
129
88
572
-
Employer
437
348
1 332
-
chamber of commerce
2
1
5
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
40
-
other
21
17
61
-
total
129
102
319
-
Corporate
1 086
1 200
1 299
-
income

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

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

271
300
325
-
total
271
300
325
-
Dividends
814
900
-
-
withholding
224
247
-
-
total
224
247
-
-
Income
1 650
1 650
1 650
1 650
Total tax
753
737
1 216
804
After tax
897
913
434
846
Living cost
308
308
308
308
Free-cash
589
605
126
538

Estimated living cost  is £308 per week

£205
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
£603
£254
£397
£474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
communal

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

-
-
-
86
social contributions
-
-
-
218
national
-
-
-
630
total
-
-
-
934
Employee

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

625
-
1 278
-
unemployment

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

5
-
11
-
communal

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

33
-
67
-
pensions

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

47
-
96
-
national
192
-
470
-
health

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

29
-
60
-
total
306
-
704
-
Employer

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

625
-
1 278
-
health

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

38
-
79
-
pensions

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

55
-
113
-
accident

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

8
-
17
-
unemployment

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

9
-
19
-
surtax
71
-
145
-
total
181
-
373
-
Corporate
843
1 650
-
-
income
169
330
-
-
surtax
3
7
-
-
total
172
337
-
-
Dividends
671
1 313
-
-
withholding

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

198
391
-
-
total
198
391
-
-
Income
1 650
1 650
1 650
1 650
Total tax
857
728
1 077
934
After tax
793
922
573
716
Living cost
319
319
319
319
Free-cash
474
603
254
397

Estimated living cost  is £319 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£782
£572
£609
£723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
482
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
725
Employee
435
-
1 392
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
92
-
452
-
total
119
-
504
-
Employer
435
-
1 392
-
pensions
103
-
191
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
6
-
total
139
-
258
-
Corporate
1 076
1 650
-
-
income

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

161
248
-
-
total
161
248
-
-
Dividends
915
1 402
-
-
withholding
192
304
-
-
total
192
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
611
552
762
725
After tax
1 039
1 098
888
925
Living cost
316
316
316
316
Free-cash
723
782
572
609

Estimated living cost  is £316 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£483
£394
£329
£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
communal
-
-
-
104
accident
-
-
-
14
income
-
-
-
283
surtax
-
-
-
82
health
-
-
-
116
pensions
-
-
-
247
total
-
-
-
846
Employee
662
-
1 474
-
pensions
53
-
118
-
surtax
41
-
90
-
income
64
-
331
-
health
29
-
66
-
total
187
-
605
-
Employer
662
-
1 474
-
health
20
-
45
-
pensions
53
-
118
-
accident
6
-
13
-
total
79
-
176
-
Corporate
909
1 650
-
-
communal
61
111
-
-
income
136
248
-
-
surtax
10
17
-
-
total
207
376
-
-
Dividends
702
1 274
-
-
income
230
125
-
-
withholding
105
191
-
-
total
335
316
-
-
Income
1 650
1 650
1 650
1 650
Total tax
808
692
781
846
After tax
842
958
869
804
Living cost
475
475
475
475
Free-cash
367
483
394
329

Estimated living cost  is £475 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
477
other
-
-
-
-
surtax
-
-
-
76
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
871
Employee
294
-
1 404
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
20
-
78
-
surtax
1
-
65
-
income
49
-
424
-
health
8
-
30
-
total
98
-
678
-
Employer
294
-
1 404
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 294
1 650
-
-
income
336
429
-
-
total
336
429
-
-
Dividends
957
1 221
-
-
withholding
144
183
-
-
total
144
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
639
612
924
871
After tax
1 011
1 038
726
779
Living cost
196
196
196
196
Free-cash
815
842
530
583

Estimated living cost  is £196 per week

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

Source of data for Athens model

Close
Naples , Italy
£632
£468
£542
£611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
25
municipal
-
-
-
10
national
-
-
-
414
total
-
-
-
873
Employee
485
-
1 650
-
municipal
3
-
9
-
national
77
-
360
-
regional
7
-
22
-
social contributions
164
-
556
-
total
251
-
947
-
Employer
485
-
1 650
-
total
-
-
-
-
Corporate
1 165
1 650
-
-
municipal
58
82
-
-
nationa
280
396
-
-
total
338
478
-
-
Dividends
828
1 172
-
-
withholding
215
305
-
-
total
215
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
804
783
947
873
After tax
846
867
703
777
Living cost
235
235
235
235
Free-cash
611
632
468
542

Estimated living cost  is £235 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
£873
£612
£683
£778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
168
social contributions
-
-
-
308
solidarity contribution
-
-
-
4
health
-
-
-
223
total
-
-
-
703
Employee
388
-
1 271
-
solidarity contribution
-
-
-
-
social contributions
25
-
69
-
income
47
-
155
-
health
52
-
172
-
total
124
-
396
-
Employer
388
-
1 271
-
health
35
-
114
-
social contributions
97
-
264
-
total
132
-
378
-
Corporate
1 129
1 650
-
-
income
215
313
-
-
total
215
313
-
-
Dividends
915
1 337
-
-
withholding
137
200
-
-
total
137
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
608
513
774
703
After tax
1 042
1 137
876
947
Living cost
264
264
264
264
Free-cash
778
873
612
683

Estimated living cost  is £264 per week

£196
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
£635
£156
£569
£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
-
-
-
474
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
802
Employee
382
348
1 333
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
387
-
health
15
13
40
-
total
103
88
573
-
Employer
382
348
1 333
-
chamber of commerce
2
1
5
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
40
-
other
18
17
61
-
total
109
100
317
-
Corporate
1 158
1 201
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.

289
300
325
-
total
289
300
325
-
Dividends
868
901
-
-
withholding
239
248
-
-
total
239
248
-
-
Income
1 650
1 650
1 650
1 650
Total tax
740
736
1 215
802
After tax
910
914
435
848
Living cost
279
279
279
279
Free-cash
631
635
156
569

Estimated living cost  is £279 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
£1457
£1210
£1524
£1437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
137
-
1 650
-
income
27
-
330
-
total
27
-
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%.

1 513
1 650
-
-
total
-
-
-
-
Dividends
1 513
1 650
-
-
withholding
76
83
-
-
total
76
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
103
83
330
16
After tax
1 547
1 567
1 320
1 634
Living cost
110
110
110
110
Free-cash
1 437
1 457
1 210
1 524

Estimated living cost  is £110 per week

£74
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.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£902
£523
£567
£828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

387
-
1 428
-
unemployment
1
-
2
-
pensions
60
-
221
-
income
67
-
356
-
health
25
-
92
-
total
153
-
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.

387
-
1 428
-
health
26
-
95
-
pensions
34
-
126
-
unemployment
-
-
1
-
total
60
-
222
-
Corporate
1 203
1 650
-
-
income
229
314
-
-
total
229
314
-
-
Dividends
975
1 336
-
-
withholding
146
200
-
-
total
146
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
588
514
893
849
After tax
1 062
1 136
757
801
Living cost
234
234
234
234
Free-cash
828
902
523
567

Estimated living cost  is £234 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£631
£1163
£767
£219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
322
social contributions
-
-
-
188
total
-
-
-
510
Employee
535
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
535
-
-
-
social contributions
755
-
108
-
total
755
-
108
-
Corporate
360
1 650
-
-
income
79
363
-
-
total
79
363
-
-
Dividends
281
1 287
-
-
income
62
283
-
-
total
62
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 058
646
114
510
After tax
592
1 004
1 536
1 140
Living cost
373
373
373
373
Free-cash
219
631
1 163
767

Estimated living cost  is £373 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£664
£477
£603
£656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
573
total
-
-
-
773
Employee
402
-
1 333
-
surtax
-
-
-
-
social contributions
44
-
147
-
income
84
-
435
-
total
128
-
582
-
Employer
402
-
1 333
-
social contributions
95
-
317
-
total
95
-
317
-
Corporate
1 152
1 650
-
-
income
242
347
-
-
surtax
-
-
-
-
total
242
347
-
-
Dividends
910
1 303
-
-
withholding
255
365
-
-
total
255
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
720
712
899
773
After tax
930
938
751
877
Living cost
274
274
274
274
Free-cash
656
664
477
603

Estimated living cost  is £274 per week

£205
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
£410
£472
£506
£469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
267
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
73
pensions
-
-
-
284
total
-
-
-
722
Employee
547
-
1 272
-
pensions
62
-
90
-
surtax
-
-
-
-
social contributions
16
-
36
-
income
48
-
252
-
total
126
-
378
-
Employer
547
-
1 272
-
health
38
-
120
-
pensions
90
-
152
-
unemployment
22
-
52
-
social contributions
2
-
4
-
other
19
-
50
-
total
171
-
378
-
Corporate
932
1 650
-
-
income
261
462
-
-
surtax
-
-
-
-
total
261
462
-
-
Dividends
671
1 188
-
-
surtax
-
-
-
-
social contributions
115
204
-
-
withholding
86
152
-
-
total
201
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
759
818
756
722
After tax
891
832
894
928
Living cost
422
422
422
422
Free-cash
469
410
472
506

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1222
£993
£948
£1192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
76
social contributions
-
-
-
363
total
-
-
-
439
Employee
281
-
1 429
-
income
-
-
80
-
social contributions
18
-
93
-
total
18
-
173
-
Employer
281
-
1 429
-
social contributions
44
-
221
-
total
44
-
221
-
Corporate
1 325
1 650
-
-
income
133
165
-
-
total
133
165
-
-
Dividends
1 193
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
195
165
394
439
After tax
1 455
1 485
1 256
1 211
Living cost
263
263
263
263
Free-cash
1 192
1 222
993
948

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£254
-£254
£546
-£254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
labour market
-
-
-
131
municipal
-
-
-
347
national
-
-
-
197
pensions
-
-
-
8
total
-
-
-
683
Employee
1 777
1 777
1 777
-
municipal
378
378
378
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 483
1 483
1 483
683
After tax
167
167
167
967
Living cost
421
421
421
421
Free-cash
-254
-254
-254
546

Estimated living cost  is £421 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-£58
£706
£936
£106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
302
-
1 491
-
pensions
34
-
68
-
income
41
-
353
-
health
35
-
171
-
total
110
-
592
-
Employer
302
-
1 491
-
pensions
49
-
98
-
accident
5
-
25
-
unemployment
7
-
37
-
total
61
-
160
-
Corporate
1 286
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 157
1 485
-
-
total
1 157
1 485
-
-
Dividends
129
165
-
-
withholding
24
31
-
-
total
24
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 352
1 516
752
522
After tax
298
134
898
1 128
Living cost
192
192
192
192
Free-cash
106
-58
706
936

Estimated living cost  is £192 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£691
£522
£712
£716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
health
-
-
-
22
municipal
-
-
-
293
national
-
-
-
287
total
-
-
-
602
Employee
460
-
1 388
-
municipal
75
-
226
-
unemployment
7
-
21
-
pensions
31
-
94
-
national
8
-
171
-
health
3
-
18
-
total
124
-
530
-
Employer
460
-
1 388
-
health
4
-
11
-
pensions
80
-
241
-
accident
-
-
1
-
unemployment
3
-
9
-
total
87
-
262
-
Corporate
1 103
1 650
-
-
income
221
330
-
-
total
221
330
-
-
Dividends

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

662
990
-
-
municipal
119
178
-
-
national
47
115
-
-
total
166
293
-
-
Income
1 650
1 650
1 650
1 650
Total tax
598
623
792
602
After tax
1 052
1 027
858
1 048
Living cost
336
336
336
336
Free-cash
716
691
522
712

Estimated living cost  is £336 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1002
£906
£921
£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
income
-
-
-
344
social contributions
-
-
-
141
health
-
-
-
42
total
-
-
-
527
Employee
672
672
1 546
-
social contributions
25
56
75
-
income
73
62
337
-
health
5
11
26
-
total
103
129
438
-
Employer
672
672
1 546
-
health
6
12
29
-
social contributions
25
56
75
-
total
31
68
104
-
Corporate
1 313
910
-
-
income
164
114
-
-
total
164
114
-
-
Dividends
1 149
796
-
-
withholding
195
135
-
-
total
195
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
493
446
542
527
After tax
1 157
1 204
1 108
1 123
Living cost
202
202
202
202
Free-cash
955
1 002
906
921

Estimated living cost  is £202 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
£1227
£1079
£1254
£1182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 650
income
-
-
-
169
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
257
Employee

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

201
-
1 565
-
unemployment
1
-
4
-
pensions
30
-
124
-
income
14
-
147
-
health
17
-
71
-
total
62
-
346
-
Employer

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

201
-
1 565
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 429
1 650
-
-
income
129
149
-
-
total
129
149
-
-
Dividends
1 300
1 501
-
-
withholding
117
135
-
-
total
117
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
329
284
432
257
After tax
1 321
1 366
1 218
1 393
Living cost
139
139
139
139
Free-cash
1 182
1 227
1 079
1 254

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£858
£648
£685
£820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
482
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
725
Employee
323
-
1 392
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
452
-
total
82
-
504
-
Employer
323
-
1 392
-
pensions
76
-
191
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
6
-
total
103
-
258
-
Corporate
1 224
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
1 040
1 402
-
-
withholding
221
304
-
-
total
221
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
590
552
762
725
After tax
1 060
1 098
888
925
Living cost
240
240
240
240
Free-cash
820
858
648
685

Estimated living cost  is £240 per week

£162
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
£1012
£1043
£1044
£1009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
566
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
588
Employee
27
-
1 635
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
565
-
health
1
-
3
-
total
8
-
575
-
Employer
27
-
1 635
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 617
1 650
-
-
income
356
363
-
-
total
356
363
-
-
Dividends
1 261
1 287
-
-
withholding
252
257
-
-
total
252
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
623
620
589
588
After tax
1 027
1 030
1 061
1 062
Living cost
18
18
18
18
Free-cash
1 009
1 012
1 043
1 044

Estimated living cost  is £18 per week

£11
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1042
£880
£879
£998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 650
income
-
-
-
376
unemployment
-
-
-
10
health
-
-
-
66
pensions
-
-
-
168
total
-
-
-
620
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.

228
-
1 535
-
unemployment
2
-
5
-
pensions
32
-
90
-
income
31
-
376
-
health
12
-
33
-
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.

228
-
1 535
-
health
12
-
33
-
pensions
27
-
77
-
unemployment
2
-
5
-
total
41
-
115
-
Corporate
1 382
1 650
-
-
income
207
247
-
-
total
207
247
-
-
Dividends
1 174
1 403
-
-
withholding
176
210
-
-
total
176
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
501
457
619
620
After tax
1 149
1 193
1 031
1 030
Living cost
151
151
151
151
Free-cash
998
1 042
880
879

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£702
£515
£641
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
573
total
-
-
-
773
Employee
339
-
1 333
-
surtax
-
-
-
-
social contributions
37
-
147
-
income
66
-
435
-
total
103
-
582
-
Employer
339
-
1 333
-
social contributions
81
-
317
-
total
81
-
317
-
Corporate
1 230
1 650
-
-
income
258
347
-
-
surtax
-
-
-
-
total
258
347
-
-
Dividends
972
1 303
-
-
withholding
272
365
-
-
total
272
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
714
712
899
773
After tax
936
938
751
877
Living cost
236
236
236
236
Free-cash
700
702
515
641

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£791
£581
£618
£735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
482
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
725
Employee
422
-
1 392
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
452
-
total
115
-
504
-
Employer
422
-
1 392
-
pensions
100
-
191
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
6
-
total
134
-
258
-
Corporate
1 093
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
929
1 402
-
-
withholding
195
304
-
-
total
195
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
608
552
762
725
After tax
1 042
1 098
888
925
Living cost
307
307
307
307
Free-cash
735
791
581
618

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1261
£1237
£1171
£1208
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
total
-
-
-
329
Employee
199
-
1 590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
159
-
health
9
-
14
-
total
48
-
203
-
Employer
199
-
1 590
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 412
1 650
-
-
income
141
165
-
-
total
141
165
-
-
Dividends
1 271
1 485
-
-
withholding
64
74
-
-
total
64
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
292
239
263
329
After tax
1 358
1 411
1 387
1 321
Living cost
150
150
150
150
Free-cash
1 208
1 261
1 237
1 171

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£510
£702
£524
£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.

-
-
-
522
surtax

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

-
-
-
29
health

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

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

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

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

435
-
1 650
-
surtax

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

2
-
29
-
income

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

36
-
522
-
health

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

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

60
-
60
-
total
98
-
611
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 215
1 650
-
-
income
182
248
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
174
237
-
-
total
369
503
-
-
Dividends
845
1 148
-
-
surtax

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

11
16
-
-
withholding
208
284
-
-
total
219
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
686
803
611
789
After tax
964
847
1 039
861
Living cost
337
337
337
337
Free-cash
627
510
702
524

Estimated living cost  is £337 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£657
£358
£358
£676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
684
-
1 650
-
income
129
-
516
-
social contributions
57
-
278
-
total
186
-
794
-
Employer
684
-
1 650
-
total
-
-
-
-
Corporate
966
1 650
-
-
income
121
206
-
-
total
121
206
-
-
Dividends
845
1 444
-
-
withholding
169
289
-
-
total
169
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
498
498
498
498
Free-cash
676
657
358
358

Estimated living cost  is £498 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£710
£850
£1031
£740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
249
health

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

-
-
-
53
total
-
-
-
302
Employee
401
-
1 610
-
income
44
-
403
-
social contributions
40
-
40
-
total
84
-
443
-
Employer
401
-
1 610
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 209
1 650
-
-
income
423
577
-
-
total
423
577
-
-
Dividends
786
1 073
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 650
1 650
1 650
1 650
Total tax
593
623
483
302
After tax
1 057
1 027
1 167
1 348
Living cost
317
317
317
317
Free-cash
740
710
850
1 031

Estimated living cost  is £317 per week

£209
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
£744
£614
£762
£796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£77
£687
£917
£101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
income
-
-
-
461
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
522
Employee
332
-
1 491
-
pensions
37
-
68
-
income
46
-
353
-
health
38
-
171
-
total
121
-
592
-
Employer
332
-
1 491
-
pensions
54
-
98
-
accident
6
-
25
-
unemployment
8
-
37
-
total
68
-
160
-
Corporate
1 250
1 650
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £211 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1144
£1066
£874
£1229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
income
-
-
-
274
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
103
pensions
-
-
-
257
total
-
-
-
658
Employee

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

189
-
1 650
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
3
-
pensions
35
-
129
-
income
19
-
274
-
total
71
-
466
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 461
1 650
-
-
income

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

15
165
-
-
total
15
165
-
-
Dividends
1 446
1 485
-
-
withholding
217
223
-
-
total
217
223
-
-
Income
1 650
1 650
1 650
1 650
Total tax
303
388
466
658
After tax
1 347
1 262
1 184
992
Living cost
118
118
118
118
Free-cash
1 229
1 144
1 066
874

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
£521
£342
£415
£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
regional
-
-
-
38
municipal
-
-
-
11
national
-
-
-
414
total
-
-
-
887
Employee
737
-
1 650
-
municipal
4
-
10
-
national
124
-
360
-
regional
11
-
34
-
social contributions
248
-
556
-
total
387
-
960
-
Employer
737
-
1 650
-
total
-
-
-
-
Corporate
913
1 650
-
-
municipal
44
80
-
-
nationa
219
396
-
-
total
263
476
-
-
Dividends
650
1 174
-
-
withholding
169
305
-
-
total
169
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
819
781
960
887
After tax
831
869
690
763
Living cost
348
348
348
348
Free-cash
483
521
342
415

Estimated living cost  is £348 per week

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