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
£ 1700
per

Your estimated
City
free-cash

Dresden , Germany
£685
£799
£587
£597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health

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

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

-
-
-
61
trade
-
-
-
202
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.

-
-
-
540
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.

-
-
-
30
total
-
-
-
833
Employee

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

342
-
1 700
-
health

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

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

61
-
61
-
income

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

10
-
540
-
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
-
30
-
total
72
-
631
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 358
1 700
-
-
income
204
255
-
-
chamber of commerce
3
4
-
-
surtax

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

11
14
-
-
trade
214
268
-
-
total
432
541
-
-
Dividends
926
1 159
-
-
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.

13
16
-
-
withholding
228
286
-
-
total
241
302
-
-
Income
1 700
1 700
1 700
1 700
Total tax
745
843
631
833
After tax
955
857
1 069
867
Living cost
270
270
270
270
Free-cash
685
587
799
597

Estimated living cost  is £270 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£581
£534
£589
£525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
18
municipal
-
-
-
187
pensions
-
-
-
204
national
-
-
-
294
total
-
-
-
703
Employee
732
-
1 470
-
pensions
29
-
59
-
municipal
90
-
193
-
national
140
-
308
-
total
259
-
560
-
Employer
732
-
1 470
-
pensions
59
-
118
-
social contributions
8
-
16
-
total
67
-
134
-
Corporate
853
1 700
-
-
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%.

171
340
-
-
total
171
340
-
-
Dividends
682
1 360
-
-
withholding
150
299
-
-
total
150
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
647
639
694
703
After tax
1 053
1 061
1 006
997
Living cost
472
472
472
472
Free-cash
581
589
534
525

Estimated living cost  is £472 per week

£321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1101
£537
£1174
£411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 700
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.

-
-
-
342
income
-
-
-
327
surtax
-
-
-
434
microenterprise
-
-
-
-
total
-
-
-
1 103
Employee
261
-
1 301
-
social contributions

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

29
-
117
-
income
46
-
272
-
surtax
-
-
189
-
total
75
-
578
-
Employer
261
-
1 301
-
surtax
-
-
143
-
social contributions

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

63
-
256
-
total
63
-
399
-
Corporate
1 376
1 700
-
-
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%.

275
340
-
-
total
275
340
-
-
Dividends

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

1 101
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
413
340
977
1 103
After tax
1 287
1 360
723
597
Living cost
186
186
186
186
Free-cash
1 101
1 174
537
411

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£415
£702
£469
£555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
110
income
-
-
-
556
pensions
-
-
-
105
total
-
-
-
771
Employee
763
763
1 534
-
pensions
137
105
105
-
health
117
100
110
-
income

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

125
125
243
-
total
379
330
458
-
Employer
763
763
1 534
-
pensions
53
53
66
-
health
53
53
66
-
unemployment
27
27
34
-
total
133
133
166
-
Corporate
813
804
-
-
income
163
161
-
-
total
163
161
-
-
Dividends
651
643
-
-
income
138
137
-
-
withholding
98
96
-
-
total
236
233
-
-
Income
1 700
1 700
1 700
1 700
Total tax
911
857
624
771
After tax
789
843
1 076
929
Living cost
374
374
374
374
Free-cash
415
469
702
555

Estimated living cost  is £374 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£551
£491
£559
£500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
health
-
-
-
50
municipal
-
-
-
437
pensions
-
-
-
87
other
-
-
-
94
unemployment
-
-
-
1
national
-
-
-
160
total
-
-
-
831
Employee
526
-
1 446
-
municipal
157
-
431
-
national
-
-
155
-
total
157
-
586
-
Employer
526
-
1 446
-
pensions
57
-
87
-
other
61
-
94
-
health
32
-
50
-
unemployment
14
-
21
-
accident
1
-
2
-
total
165
-
254
-
Corporate
1 009
1 700
-
-
income
222
374
-
-
total
222
374
-
-
Dividends
787
1 326
-
-
withholding
236
398
-
-
total
236
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
780
772
840
831
After tax
920
928
860
869
Living cost
369
369
369
369
Free-cash
551
559
491
500

Estimated living cost  is £369 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£624
£718
£497
£507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health

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

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

-
-
-
61
trade
-
-
-
211
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.

-
-
-
540
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.

-
-
-
30
total
-
-
-
842
Employee

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

453
-
1 700
-
health

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

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

61
-
61
-
income

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

39
-
540
-
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
-
30
-
total
102
-
631
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 247
1 700
-
-
income
187
255
-
-
chamber of commerce
3
4
-
-
surtax

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

10
14
-
-
trade
205
280
-
-
total
405
553
-
-
Dividends
841
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
207
283
-
-
total
218
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
725
852
631
842
After tax
975
848
1 069
858
Living cost
351
351
351
351
Free-cash
624
497
718
507

Estimated living cost  is £351 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£914
£851
£949
£866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
144
health
-
-
-
43
income
-
-
-
357
total
-
-
-
544
Employee
687
687
1 594
-
health
7
12
27
-
social contributions
33
57
77
-
income
72
64
349
-
total
112
133
453
-
Employer
687
687
1 594
-
health
7
13
29
-
social contributions
33
57
77
-
total
40
70
106
-
Corporate
1 257
944
-
-
income
157
118
-
-
total
157
118
-
-
Dividends
1 100
826
-
-
withholding
187
140
-
-
total
187
140
-
-
Income
1 700
1 700
1 700
1 700
Total tax
496
461
559
544
After tax
1 204
1 239
1 141
1 156
Living cost
290
290
290
290
Free-cash
914
949
851
866

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£793
£821
£790
£1012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
119
income
-
-
-
208
pensions
-
-
-
170
unemployment
-
-
-
26
total
-
-
-
523
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.

238
95
1 423
-
unemployment
4
1
21
-
pensions
24
9
142
-
health
17
7
100
-
income
29
12
174
-
total
74
29
437
-
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.

238
95
1 423
-
pensions
46
18
277
-
total
46
18
277
-
Corporate
1 416
1 587
-
-
income
127
143
-
-
total
127
143
-
-
Dividends
1 289
1 444
-
-
social contributions
250
281
-
-
withholding
245
274
-
-
total
495
555
-
-
Income
1 700
1 700
1 700
1 700
Total tax
742
745
714
523
After tax
958
955
986
1 177
Living cost
165
165
165
165
Free-cash
793
790
821
1 012

Estimated living cost  is £165 per week

£112
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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1088
£765
£1144
£695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
221
income
-
-
-
228
pensions
-
-
-
340
total
-
-
-
789
Employee
253
-
1 271
-
unemployment
4
-
20
-
pensions
5
-
25
-
income
29
-
245
-
total
38
-
290
-
Employer
253
-
1 271
-
pensions
51
-
254
-
health
33
-
165
-
unemployment
2
-
10
-
total
86
-
429
-
Corporate
1 361
1 700
-
-
income
272
340
-
-
total
272
340
-
-
Dividends
1 089
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
396
340
719
789
After tax
1 304
1 360
981
911
Living cost
216
216
216
216
Free-cash
1 088
1 144
765
695

Estimated living cost  is £216 per week

£148
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.
£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 Tallinn model

Close
Gdansk , Poland
£108
£727
-£61
£963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
475
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
538
Employee
314
-
1 537
-
pensions
35
-
69
-
health
36
-
176
-
income
43
-
365
-
total
114
-
610
-
Employer
314
-
1 537
-
pensions
51
-
100
-
unemployment
8
-
38
-
accident
5
-
26
-
total
64
-
164
-
Corporate
1 322
1 700
-
-
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.

1 190
1 530
-
-
total
1 190
1 530
-
-
Dividends
132
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 393
1 562
774
538
After tax
307
138
926
1 162
Living cost
199
199
199
199
Free-cash
108
-61
727
963

Estimated living cost  is £199 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1529
£1287
£1542
£1610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
91
-
1 700
-
income
18
-
340
-
total
18
-
340
-
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%.

1 609
1 700
-
-
total
-
-
-
-
Dividends
1 609
1 700
-
-
withholding
80
85
-
-
total
80
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
98
85
340
17
After tax
1 602
1 615
1 360
1 683
Living cost
73
73
73
73
Free-cash
1 529
1 542
1 287
1 610

Estimated living cost  is £73 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£949
£721
£1011
£737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
60
income
-
-
-
275
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.

-
-
-
326
other
-
-
-
64
total
-
-
-
725
Employee
324
-
1 358
-
unemployment
3
-
14
-
pensions

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

23
-
95
-
health
5
-
19
-
income
56
-
270
-
total
87
-
398
-
Employer
324
-
1 358
-
pensions

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

55
-
231
-
other
16
-
68
-
health
5
-
19
-
unemployment
3
-
14
-
accident
3
-
11
-
total
82
-
343
-
Corporate
1 294
1 700
-
-
income
272
357
-
-
total
272
357
-
-
Dividends
1 022
1 343
-
-
withholding
72
94
-
-
total
72
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
513
451
741
725
After tax
1 187
1 249
959
975
Living cost
238
238
238
238
Free-cash
949
1 011
721
737

Estimated living cost  is £238 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£569
£379
£511
£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
-
-
-
1 700
income
-
-
-
503
pensions
-
-
-
82
total
-
-
-
585
Employee
826
-
1 484
-
pensions
80
-
99
-
health
14
-
21
-
income
149
-
401
-
total
243
-
521
-
Employer
826
-
1 484
-
pensions
98
-
188
-
health
16
-
28
-
total
114
-
216
-
Corporate
760
1 700
-
-
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.

144
323
-
-
total
144
323
-
-
Dividends
616
1 377
-
-
withholding
46
282
-
-
total
46
282
-
-
Income
1 700
1 700
1 700
1 700
Total tax
547
605
737
585
After tax
1 153
1 095
963
1 115
Living cost
584
584
584
584
Free-cash
569
511
379
531

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
£1294
£1314
£1337
£1245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
36
income
-
-
-
255
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
338
Employee
155
-
1 639
-
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.

14
-
27
-
health
7
-
14
-
income
16
-
164
-
total
39
-
208
-
Employer
155
-
1 639
-
pensions

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

17
-
34
-
health
11
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
31
-
61
-
Corporate
1 514
1 700
-
-
income
151
170
-
-
total
151
170
-
-
Dividends
1 363
1 530
-
-
withholding
68
76
-
-
total
68
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
289
246
269
338
After tax
1 411
1 454
1 431
1 362
Living cost
117
117
117
117
Free-cash
1 294
1 337
1 314
1 245

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£370
£581
£348
£434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
110
income
-
-
-
556
pensions
-
-
-
105
total
-
-
-
771
Employee
828
763
1 534
-
pensions
105
105
105
-
health
103
100
110
-
income

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

125
125
243
-
total
333
330
458
-
Employer
828
763
1 534
-
pensions
58
53
66
-
health
58
53
66
-
unemployment
30
27
34
-
total
146
133
166
-
Corporate
727
804
-
-
income
145
161
-
-
total
145
161
-
-
Dividends
582
643
-
-
income
124
137
-
-
withholding
87
96
-
-
total
211
233
-
-
Income
1 700
1 700
1 700
1 700
Total tax
835
857
624
771
After tax
865
843
1 076
929
Living cost
495
495
495
495
Free-cash
370
348
581
434

Estimated living cost  is £495 per week

£365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£870
£680
£948
£752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
319
health
-
-
-
230
income
-
-
-
173
solidarity contribution
-
-
-
4
total
-
-
-
726
Employee
326
-
1 309
-
solidarity contribution
-
-
-
-
health
44
-
177
-
social contributions
21
-
71
-
income
39
-
159
-
total
104
-
407
-
Employer
326
-
1 309
-
health
29
-
118
-
social contributions
82
-
273
-
total
111
-
391
-
Corporate
1 263
1 700
-
-
income
240
323
-
-
total
240
323
-
-
Dividends
1 023
1 377
-
-
withholding
153
207
-
-
total
153
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
608
530
798
726
After tax
1 092
1 170
902
974
Living cost
222
222
222
222
Free-cash
870
948
680
752

Estimated living cost  is £222 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£483
£351
£530
£429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
10
regional
-
-
-
20
national
-
-
-
427
total
-
-
-
894
Employee
794
-
1 700
-
regional
7
-
18
-
municipal
4
-
9
-
national
138
-
372
-
social contributions
268
-
573
-
total
417
-
972
-
Employer
794
-
1 700
-
total
-
-
-
-
Corporate
906
1 700
-
-
municipal
35
66
-
-
nationa
218
408
-
-
total
253
474
-
-
Dividends
653
1 226
-
-
withholding
170
319
-
-
total
170
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
840
793
972
894
After tax
860
907
728
806
Living cost
377
377
377
377
Free-cash
483
530
351
429

Estimated living cost  is £377 per week

£263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£844
£552
£872
£606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
85
income
-
-
-
493
surtax
-
-
-
79
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
897
Employee
295
-
1 449
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
50
-
440
-
other
-
-
-
-
surtax
1
-
68
-
total
100
-
700
-
Employer
295
-
1 449
-
pensions
39
-
159
-
other
-
-
-
-
health
13
-
54
-
unemployment
9
-
38
-
total
61
-
251
-
Corporate
1 343
1 700
-
-
income
349
442
-
-
total
349
442
-
-
Dividends
993
1 258
-
-
withholding
149
189
-
-
total
149
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
631
951
897
After tax
1 041
1 069
749
803
Living cost
197
197
197
197
Free-cash
844
872
552
606

Estimated living cost  is £197 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£754
£564
£696
£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
-
-
-
1 700
income
-
-
-
503
pensions
-
-
-
82
total
-
-
-
585
Employee
554
-
1 484
-
pensions
47
-
99
-
health
8
-
21
-
income
100
-
401
-
total
155
-
521
-
Employer
554
-
1 484
-
pensions
60
-
188
-
health
11
-
28
-
total
71
-
216
-
Corporate
1 076
1 700
-
-
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.

204
323
-
-
total
204
323
-
-
Dividends
871
1 377
-
-
withholding
117
282
-
-
total
117
282
-
-
Income
1 700
1 700
1 700
1 700
Total tax
547
605
737
585
After tax
1 153
1 095
963
1 115
Living cost
399
399
399
399
Free-cash
754
696
564
716

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
£369
£584
£65
£660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
4
pensions
-
-
-
156
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.

-
-
-
34
regional
-
-
-
86
city
-
-
-
18
national
-
-
-
31
total
-
-
-
329
Employee
832
-
1 522
-
unemployment
-
-
-
-
pensions
70
-
128
-
regional
27
-
74
-
national
4
-
23
-
health
2
-
3
-
city
9
-
16
-
total
112
-
244
-
Employer
832
-
1 522
-
pensions
70
-
128
-
other

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

17
-
30
-
health
2
-
3
-
unemployment
-
-
-
-
total
89
-
161
-
Corporate
771
1 700
-
-
regional
163
360
-
-
national
66
145
-
-
total
229
505
-
-
Dividends
542
1 196
-
-
withholding
190
419
-
-
total
190
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
620
924
405
329
After tax
1 080
776
1 295
1 371
Living cost
711
711
711
711
Free-cash
369
65
584
660

Estimated living cost  is £711 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
£576
£660
£430
£440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health

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

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

-
-
-
61
trade
-
-
-
220
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.

-
-
-
540
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.

-
-
-
30
total
-
-
-
851
Employee

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

537
-
1 700
-
health

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

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

61
-
61
-
income

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

63
-
540
-
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
-
30
-
total
127
-
631
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 163
1 700
-
-
income
174
255
-
-
chamber of commerce
3
4
-
-
surtax

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

10
14
-
-
trade
200
292
-
-
total
387
565
-
-
Dividends
777
1 136
-
-
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
191
281
-
-
total
201
296
-
-
Income
1 700
1 700
1 700
1 700
Total tax
715
861
631
851
After tax
985
839
1 069
849
Living cost
409
409
409
409
Free-cash
576
430
660
440

Estimated living cost  is £409 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£604
£614
£550
£650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
48
health
-
-
-
76
income
-
-
-
276
surtax
-
-
-
-
pensions
-
-
-
291
other
-
-
-
53
total
-
-
-
744
Employee
382
-
1 310
-
pensions
43
-
93
-
social contributions
11
-
37
-
income
23
-
260
-
surtax
-
-
-
-
total
77
-
390
-
Employer
382
-
1 310
-
pensions
63
-
157
-
other
13
-
52
-
health
27
-
124
-
unemployment
15
-
53
-
social contributions
1
-
4
-
total
119
-
390
-
Corporate
1 198
1 700
-
-
income
336
476
-
-
surtax
-
-
-
-
total
336
476
-
-
Dividends
863
1 224
-
-
surtax
-
-
-
-
social contributions
148
211
-
-
withholding
110
157
-
-
total
258
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
790
844
780
744
After tax
910
856
920
956
Living cost
306
306
306
306
Free-cash
604
550
614
650

Estimated living cost  is £306 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£630
£645
£581
£681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
48
health
-
-
-
76
income
-
-
-
276
surtax
-
-
-
-
pensions
-
-
-
291
other
-
-
-
53
total
-
-
-
744
Employee
341
-
1 310
-
pensions
39
-
93
-
social contributions
10
-
37
-
income
18
-
260
-
surtax
-
-
-
-
total
67
-
390
-
Employer
341
-
1 310
-
pensions
56
-
157
-
other
12
-
52
-
health
24
-
124
-
unemployment
14
-
53
-
social contributions
1
-
4
-
total
107
-
390
-
Corporate
1 252
1 700
-
-
income
351
476
-
-
surtax
-
-
-
-
total
351
476
-
-
Dividends
902
1 224
-
-
surtax
-
-
-
-
social contributions
155
211
-
-
withholding
115
157
-
-
total
270
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
795
844
780
744
After tax
905
856
920
956
Living cost
275
275
275
275
Free-cash
630
581
645
681

Estimated living cost  is £275 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£852
£863
£848
£902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
235
health
-
-
-
119
income
-
-
-
255
total
-
-
-
609
Employee
303
-
1 700
-
health
21
-
119
-
social contributions
42
-
235
-
income
51
-
294
-
total
114
-
648
-
Employer
303
-
1 700
-
total
-
-
-
-
Corporate
1 397
1 700
-
-
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%.

70
85
-
-
total
70
85
-
-
Dividends
1 327
1 615
-
-
health
93
113
-
-
social contributions
183
223
-
-
withholding
199
242
-
-
total
475
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
663
648
609
After tax
1 041
1 037
1 052
1 091
Living cost
189
189
189
189
Free-cash
852
848
863
902

Estimated living cost  is £189 per week

£127
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£611
£136
£623
£557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
80
surtax
-
-
-
2
income
-
-
-
491
chamber of commerce
-
-
-
7
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
828
Employee
446
356
1 374
-
unemployment
13
11
31
-
pensions
46
36
107
-
health
17
14
40
-
income
51
26
401
-
other
4
4
10
-
total
131
91
589
-
Employer
446
356
1 374
-
chamber of commerce
2
1
5
-
pensions
56
45
131
-
other
21
17
62
-
health
17
13
39
-
unemployment
13
11
31
-
accident
6
5
14
-
surtax
2
2
2
-
payroll
13
11
41
-
total
130
105
325
-
Corporate
1 124
1 240
1 340
-
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.

281
310
335
-
total
281
310
335
-
Dividends
843
930
-
-
withholding
232
256
-
-
total
232
256
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
762
1 249
828
After tax
926
938
451
872
Living cost
315
315
315
315
Free-cash
611
623
136
557

Estimated living cost  is £315 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£491
£266
£624
£411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
223
communal

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

-
-
-
89
national
-
-
-
651
total
-
-
-
963
Employee

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

639
-
1 317
-
unemployment

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

6
-
11
-
pensions

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

48
-
99
-
national
196
-
484
-
health

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

30
-
62
-
communal

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

33
-
69
-
total
313
-
725
-
Employer

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

639
-
1 317
-
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.

57
-
117
-
health

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

39
-
81
-
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
-
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
-
surtax
72
-
149
-
total
185
-
383
-
Corporate
875
1 700
-
-
income
175
340
-
-
surtax
4
7
-
-
total
179
347
-
-
Dividends
697
1 353
-
-
withholding

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

206
403
-
-
total
206
403
-
-
Income
1 700
1 700
1 700
1 700
Total tax
883
750
1 108
963
After tax
817
950
592
737
Living cost
326
326
326
326
Free-cash
491
624
266
411

Estimated living cost  is £326 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£748
£593
£810
£630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
499
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
747
Employee
445
-
1 436
-
unemployment
7
-
13
-
pensions
21
-
39
-
income
94
-
468
-
other
-
-
1
-
total
122
-
521
-
Employer
445
-
1 436
-
pensions
105
-
195
-
other
4
-
7
-
unemployment
24
-
46
-
accident
9
-
16
-
total
142
-
264
-
Corporate
1 114
1 700
-
-
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.

167
255
-
-
total
167
255
-
-
Dividends
947
1 445
-
-
withholding
199
313
-
-
total
199
313
-
-
Income
1 700
1 700
1 700
1 700
Total tax
630
568
785
747
After tax
1 070
1 132
915
953
Living cost
322
322
322
322
Free-cash
748
810
593
630

Estimated living cost  is £322 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£383
£410
£500
£343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
14
health
-
-
-
119
income
-
-
-
293
surtax
-
-
-
84
pensions
-
-
-
255
communal
-
-
-
107
total
-
-
-
872
Employee
676
-
1 519
-
pensions
54
-
121
-
health
30
-
68
-
income
65
-
342
-
surtax
41
-
93
-
total
190
-
624
-
Employer
676
-
1 519
-
pensions
54
-
121
-
health
21
-
46
-
accident
6
-
14
-
total
81
-
181
-
Corporate
943
1 700
-
-
income
141
255
-
-
communal
64
115
-
-
surtax
10
18
-
-
total
215
388
-
-
Dividends
728
1 312
-
-
income
237
130
-
-
withholding
109
197
-
-
total
346
327
-
-
Income
1 700
1 700
1 700
1 700
Total tax
832
715
805
872
After tax
868
985
895
828
Living cost
485
485
485
485
Free-cash
383
500
410
343

Estimated living cost  is £485 per week

£364
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.
£87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£840
£548
£868
£602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
85
income
-
-
-
493
surtax
-
-
-
79
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
897
Employee
301
-
1 449
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
50
-
440
-
other
-
-
-
-
surtax
1
-
68
-
total
100
-
700
-
Employer
301
-
1 449
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
unemployment
10
-
38
-
total
64
-
251
-
Corporate
1 336
1 700
-
-
income
347
442
-
-
total
347
442
-
-
Dividends
989
1 258
-
-
withholding
148
189
-
-
total
148
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
631
951
897
After tax
1 041
1 069
749
803
Living cost
201
201
201
201
Free-cash
840
868
548
602

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£633
£482
£653
£559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
10
regional
-
-
-
26
national
-
-
-
427
total
-
-
-
900
Employee
495
-
1 700
-
regional
7
-
23
-
municipal
3
-
9
-
national
78
-
372
-
social contributions
167
-
573
-
total
255
-
977
-
Employer
495
-
1 700
-
total
-
-
-
-
Corporate
1 205
1 700
-
-
municipal
60
84
-
-
nationa
289
408
-
-
total
349
492
-
-
Dividends
856
1 208
-
-
withholding
222
314
-
-
total
222
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
826
806
977
900
After tax
874
894
723
800
Living cost
241
241
241
241
Free-cash
633
653
482
559

Estimated living cost  is £241 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£801
£629
£897
£701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
319
health
-
-
-
230
income
-
-
-
173
solidarity contribution
-
-
-
4
total
-
-
-
726
Employee
402
-
1 309
-
solidarity contribution
-
-
-
-
health
54
-
177
-
social contributions
26
-
71
-
income
48
-
159
-
total
128
-
407
-
Employer
402
-
1 309
-
health
36
-
118
-
social contributions
100
-
273
-
total
136
-
391
-
Corporate
1 162
1 700
-
-
income
221
323
-
-
total
221
323
-
-
Dividends
941
1 377
-
-
withholding
141
207
-
-
total
141
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
626
530
798
726
After tax
1 074
1 170
902
974
Living cost
273
273
273
273
Free-cash
801
897
629
701

Estimated living cost  is £273 per week

£203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£649
£165
£655
£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
-
-
-
1 700
health
-
-
-
80
surtax
-
-
-
-
income
-
-
-
491
chamber of commerce
-
-
-
7
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
826
Employee
390
356
1 375
-
unemployment
12
11
31
-
pensions
40
36
107
-
health
15
14
40
-
income
35
26
402
-
other
4
4
10
-
total
106
91
590
-
Employer
390
356
1 375
-
chamber of commerce
2
1
6
-
pensions
49
45
131
-
other
19
17
63
-
health
15
13
39
-
unemployment
12
11
31
-
accident
5
5
14
-
surtax
-
-
-
-
payroll
12
11
41
-
total
114
103
325
-
Corporate
1 197
1 242
1 342
-
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.

299
310
335
-
total
299
310
335
-
Dividends
898
931
-
-
withholding
247
256
-
-
total
247
256
-
-
Income
1 700
1 700
1 700
1 700
Total tax
766
760
1 250
826
After tax
934
940
450
874
Living cost
285
285
285
285
Free-cash
649
655
165
589

Estimated living cost  is £285 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1480
£1246
£1501
£1569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
142
-
1 700
-
income
28
-
340
-
total
28
-
340
-
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%.

1 558
1 700
-
-
total
-
-
-
-
Dividends
1 558
1 700
-
-
withholding
78
85
-
-
total
78
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
106
85
340
17
After tax
1 594
1 615
1 360
1 683
Living cost
114
114
114
114
Free-cash
1 480
1 501
1 246
1 569

Estimated living cost  is £114 per week

£77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£856
£539
£930
£582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health
-
-
-
167
income
-
-
-
398
pensions
-
-
-
310
unemployment
-
-
-
3
total
-
-
-
878
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.

395
-
1 471
-
unemployment
1
-
2
-
pensions
61
-
228
-
health
26
-
95
-
income
68
-
367
-
total
156
-
692
-
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.

395
-
1 471
-
pensions
35
-
130
-
health
26
-
98
-
unemployment
-
-
1
-
total
61
-
229
-
Corporate
1 244
1 700
-
-
income
236
323
-
-
total
236
323
-
-
Dividends
1 007
1 377
-
-
withholding
151
207
-
-
total
151
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
604
530
921
878
After tax
1 096
1 170
779
822
Living cost
240
240
240
240
Free-cash
856
930
539
582

Estimated living cost  is £240 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£216
£1192
£645
£786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
194
income
-
-
-
331
total
-
-
-
525
Employee
558
-
-
-
social contributions
46
-
7
-
income
123
-
-
-
total
169
-
7
-
Employer
558
-
-
-
social contributions
787
-
112
-
total
787
-
112
-
Corporate
354
1 700
-
-
income
78
374
-
-
total
78
374
-
-
Dividends
276
1 326
-
-
income
61
292
-
-
total
61
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 095
666
119
525
After tax
605
1 034
1 581
1 175
Living cost
389
389
389
389
Free-cash
216
645
1 192
786

Estimated living cost  is £389 per week

£253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£678
£494
£687
£622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
social contributions

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

-
-
-
591
income
-
-
-
207
surtax
-
-
-
-
total
-
-
-
798
Employee
411
-
1 374
-
social contributions
45
-
151
-
income
85
-
449
-
surtax
-
-
-
-
total
130
-
600
-
Employer
411
-
1 374
-
social contributions
98
-
326
-
total
98
-
326
-
Corporate
1 192
1 700
-
-
income
250
357
-
-
surtax
-
-
-
-
total
250
357
-
-
Dividends
941
1 343
-
-
withholding
264
376
-
-
total
264
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
742
733
926
798
After tax
958
967
774
902
Living cost
280
280
280
280
Free-cash
678
687
494
622

Estimated living cost  is £280 per week

£210
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£487
£489
£425
£525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
48
health
-
-
-
76
income
-
-
-
276
surtax
-
-
-
-
pensions
-
-
-
291
other
-
-
-
53
total
-
-
-
744
Employee
559
-
1 310
-
pensions
63
-
93
-
social contributions
16
-
37
-
income
49
-
260
-
surtax
-
-
-
-
total
128
-
390
-
Employer
559
-
1 310
-
pensions
92
-
157
-
other
19
-
52
-
health
39
-
124
-
unemployment
23
-
53
-
social contributions
2
-
4
-
total
175
-
390
-
Corporate
966
1 700
-
-
income
270
476
-
-
surtax
-
-
-
-
total
270
476
-
-
Dividends
696
1 224
-
-
surtax
-
-
-
-
social contributions
120
211
-
-
withholding
89
157
-
-
total
209
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
844
780
744
After tax
918
856
920
956
Living cost
431
431
431
431
Free-cash
487
425
489
525

Estimated living cost  is £431 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1231
£1025
£1262
£980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
374
income
-
-
-
78
total
-
-
-
452
Employee
287
-
1 472
-
social contributions
19
-
96
-
income
-
-
83
-
total
19
-
179
-
Employer
287
-
1 472
-
social contributions
45
-
228
-
total
45
-
228
-
Corporate
1 368
1 700
-
-
income
137
170
-
-
total
137
170
-
-
Dividends
1 232
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
201
170
407
452
After tax
1 499
1 530
1 293
1 248
Living cost
268
268
268
268
Free-cash
1 231
1 262
1 025
980

Estimated living cost  is £268 per week

£174
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-£245
-£245
-£245
£565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
358
pensions
-
-
-
8
labour market
-
-
-
135
national
-
-
-
204
total
-
-
-
705
Employee
1 814
1 814
1 814
-
pensions
3
3
3
-
municipal
386
386
386
-
national
222
222
222
-
labour market
145
145
145
-
total
756
756
756
-
Employer
1 814
1 814
1 814
-
municipal
387
387
387
-
pensions
5
5
5
-
national
222
222
222
-
labour market
145
145
145
-
total
759
759
759
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 515
1 515
1 515
705
After tax
185
185
185
995
Living cost
430
430
430
430
Free-cash
-245
-245
-245
565

Estimated living cost  is £430 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£108
£729
-£59
£965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
475
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
538
Employee
309
-
1 537
-
pensions
35
-
69
-
health
35
-
176
-
income
42
-
365
-
total
112
-
610
-
Employer
309
-
1 537
-
pensions
50
-
100
-
unemployment
8
-
38
-
accident
5
-
26
-
total
63
-
164
-
Corporate
1 328
1 700
-
-
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.

1 195
1 530
-
-
total
1 195
1 530
-
-
Dividends
133
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 395
1 562
774
538
After tax
305
138
926
1 162
Living cost
197
197
197
197
Free-cash
108
-59
729
965

Estimated living cost  is £197 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£739
£541
£714
£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

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

-
-
-
1 700
health
-
-
-
22
municipal
-
-
-
302
national
-
-
-
298
total
-
-
-
622
Employee
470
-
1 430
-
unemployment
7
-
21
-
pensions
32
-
97
-
municipal
77
-
233
-
national
8
-
178
-
health
4
-
18
-
total
128
-
547
-
Employer
470
-
1 430
-
pensions
82
-
248
-
health
4
-
11
-
unemployment
3
-
9
-
accident
-
-
1
-
total
89
-
269
-
Corporate
1 142
1 700
-
-
income
228
340
-
-
total
228
340
-
-
Dividends

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

685
1 020
-
-
national
50
119
-
-
municipal
123
184
-
-
total
173
303
-
-
Income
1 700
1 700
1 700
1 700
Total tax
618
643
816
622
After tax
1 082
1 057
884
1 078
Living cost
343
343
343
343
Free-cash
739
714
541
735

Estimated living cost  is £343 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£984
£934
£1032
£949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
144
health
-
-
-
43
income
-
-
-
357
total
-
-
-
544
Employee
687
687
1 594
-
health
5
12
27
-
social contributions
26
57
77
-
income
75
64
349
-
total
106
133
453
-
Employer
687
687
1 594
-
health
6
13
29
-
social contributions
26
57
77
-
total
32
70
106
-
Corporate
1 355
944
-
-
income
169
118
-
-
total
169
118
-
-
Dividends
1 186
826
-
-
withholding
202
140
-
-
total
202
140
-
-
Income
1 700
1 700
1 700
1 700
Total tax
509
461
559
544
After tax
1 191
1 239
1 141
1 156
Living cost
207
207
207
207
Free-cash
984
1 032
934
949

Estimated living cost  is £207 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1220
£1116
£1266
£1295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 700
health
-
-
-
32
income
-
-
-
174
pensions
-
-
-
57
unemployment
-
-
-
-
total
-
-
-
263
Employee

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

205
-
1 613
-
unemployment
1
-
4
-
pensions
31
-
127
-
health
17
-
72
-
income
14
-
152
-
total
63
-
355
-
Employer

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

205
-
1 613
-
pensions
11
-
47
-
health
9
-
36
-
unemployment
1
-
4
-
total
21
-
87
-
Corporate
1 474
1 700
-
-
income
133
153
-
-
total
133
153
-
-
Dividends
1 341
1 547
-
-
withholding
121
139
-
-
total
121
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
338
292
442
263
After tax
1 362
1 408
1 258
1 437
Living cost
142
142
142
142
Free-cash
1 220
1 266
1 116
1 295

Estimated living cost  is £142 per week

£90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£845
£669
£886
£707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
499
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
747
Employee
330
-
1 436
-
unemployment
5
-
13
-
pensions
16
-
39
-
income
64
-
468
-
other
-
-
1
-
total
85
-
521
-
Employer
330
-
1 436
-
pensions
78
-
195
-
other
3
-
7
-
unemployment
18
-
46
-
accident
7
-
16
-
total
106
-
264
-
Corporate
1 265
1 700
-
-
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.

190
255
-
-
total
190
255
-
-
Dividends
1 075
1 445
-
-
withholding
228
313
-
-
total
228
313
-
-
Income
1 700
1 700
1 700
1 700
Total tax
609
568
785
747
After tax
1 091
1 132
915
953
Living cost
246
246
246
246
Free-cash
845
886
669
707

Estimated living cost  is £246 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1041
£1076
£1044
£1078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
9
income
-
-
-
583
pensions
-
-
-
13
total
-
-
-
605
Employee
26
-
1 686
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
1
-
3
-
income
5
-
583
-
total
8
-
593
-
Employer
26
-
1 686
-
pensions
3
-
7
-
health
3
-
6
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 668
1 700
-
-
income
367
374
-
-
total
367
374
-
-
Dividends
1 301
1 326
-
-
withholding
260
265
-
-
total
260
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
642
639
607
605
After tax
1 058
1 061
1 093
1 095
Living cost
17
17
17
17
Free-cash
1 041
1 044
1 076
1 078

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1029
£909
£1074
£908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health
-
-
-
68
income
-
-
-
388
pensions
-
-
-
172
unemployment
-
-
-
10
total
-
-
-
638
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.

233
-
1 582
-
unemployment
2
-
5
-
pensions
33
-
92
-
health
12
-
34
-
income
32
-
388
-
total
79
-
519
-
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.

233
-
1 582
-
pensions
28
-
79
-
health
12
-
34
-
unemployment
2
-
5
-
total
42
-
118
-
Corporate
1 426
1 700
-
-
income
214
255
-
-
total
214
255
-
-
Dividends
1 212
1 445
-
-
withholding
182
217
-
-
total
182
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
517
472
637
638
After tax
1 183
1 228
1 063
1 062
Living cost
154
154
154
154
Free-cash
1 029
1 074
909
908

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£723
£533
£726
£661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
social contributions

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

-
-
-
591
income
-
-
-
207
surtax
-
-
-
-
total
-
-
-
798
Employee
347
-
1 374
-
social contributions
38
-
151
-
income
68
-
449
-
surtax
-
-
-
-
total
106
-
600
-
Employer
347
-
1 374
-
social contributions
82
-
326
-
total
82
-
326
-
Corporate
1 271
1 700
-
-
income
267
357
-
-
surtax
-
-
-
-
total
267
357
-
-
Dividends
1 004
1 343
-
-
withholding
281
376
-
-
total
281
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
736
733
926
798
After tax
964
967
774
902
Living cost
241
241
241
241
Free-cash
723
726
533
661

Estimated living cost  is £241 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£759
£601
£818
£639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
499
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
747
Employee
431
-
1 436
-
unemployment
7
-
13
-
pensions
20
-
39
-
income
90
-
468
-
other
-
-
1
-
total
117
-
521
-
Employer
431
-
1 436
-
pensions
102
-
195
-
other
3
-
7
-
unemployment
24
-
46
-
accident
9
-
16
-
total
138
-
264
-
Corporate
1 131
1 700
-
-
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.

170
255
-
-
total
170
255
-
-
Dividends
961
1 445
-
-
withholding
202
313
-
-
total
202
313
-
-
Income
1 700
1 700
1 700
1 700
Total tax
627
568
785
747
After tax
1 073
1 132
915
953
Living cost
314
314
314
314
Free-cash
759
818
601
639

Estimated living cost  is £314 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1246
£1277
£1300
£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
-
-
-
1 700
health
-
-
-
36
income
-
-
-
255
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
338
Employee
203
-
1 639
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
health
9
-
14
-
income
20
-
164
-
total
49
-
208
-
Employer
203
-
1 639
-
pensions

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

22
-
34
-
health
14
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
61
-
Corporate
1 457
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 311
1 530
-
-
withholding
66
76
-
-
total
66
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
300
246
269
338
After tax
1 400
1 454
1 431
1 362
Living cost
154
154
154
154
Free-cash
1 246
1 300
1 277
1 208

Estimated living cost  is £154 per week

£102
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.
£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

Source of data for Sofia model

Close
Berlin , Germany
£647
£724
£530
£540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 700
health

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

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

-
-
-
61
trade
-
-
-
184
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.

-
-
-
540
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.

-
-
-
30
total
-
-
-
815
Employee

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

444
-
1 700
-
health

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

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

61
-
61
-
income

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

37
-
540
-
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
-
30
-
total
100
-
631
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 256
1 700
-
-
income
188
255
-
-
chamber of commerce
3
4
-
-
surtax

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

10
14
-
-
trade
180
244
-
-
total
381
517
-
-
Dividends
874
1 183
-
-
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
16
-
-
withholding
215
292
-
-
total
227
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
708
825
631
815
After tax
992
875
1 069
885
Living cost
345
345
345
345
Free-cash
647
530
724
540

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£701
£372
£681
£372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
287
income
-
-
-
532
total
-
-
-
819
Employee
699
-
1 700
-
social contributions
58
-
287
-
income
132
-
532
-
total
190
-
819
-
Employer
699
-
1 700
-
total
-
-
-
-
Corporate
1 001
1 700
-
-
income
125
213
-
-
total
125
213
-
-
Dividends
876
1 487
-
-
withholding
175
297
-
-
total
175
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
490
510
819
819
After tax
1 210
1 190
881
881
Living cost
509
509
509
509
Free-cash
701
681
372
372

Estimated living cost  is £509 per week

£387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£766
£877
£734
£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 700
income
-
-
-
255
health

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

-
-
-
55
total
-
-
-
310
Employee
410
-
1 659
-
social contributions
41
-
41
-
income
44
-
417
-
total
85
-
458
-
Employer
410
-
1 659
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 249
1 700
-
-
income
437
595
-
-
total
437
595
-
-
Dividends
812
1 105
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 700
1 700
1 700
1 700
Total tax
610
642
499
310
After tax
1 090
1 058
1 201
1 390
Living cost
324
324
324
324
Free-cash
766
734
877
1 066

Estimated living cost  is £324 per week

£214
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£824
£639
£771
£791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
503
pensions
-
-
-
82
total
-
-
-
585
Employee
445
-
1 484
-
pensions
34
-
99
-
health
6
-
21
-
income
81
-
401
-
total
121
-
521
-
Employer
445
-
1 484
-
pensions
45
-
188
-
health
8
-
28
-
total
53
-
216
-
Corporate
1 201
1 700
-
-
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.

228
323
-
-
total
228
323
-
-
Dividends
973
1 377
-
-
withholding
150
282
-
-
total
150
282
-
-
Income
1 700
1 700
1 700
1 700
Total tax
552
605
737
585
After tax
1 148
1 095
963
1 115
Living cost
324
324
324
324
Free-cash
824
771
639
791

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
£104
£710
-£78
£946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
475
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
538
Employee
340
-
1 537
-
pensions
38
-
69
-
health
39
-
176
-
income
47
-
365
-
total
124
-
610
-
Employer
340
-
1 537
-
pensions
55
-
100
-
unemployment
8
-
38
-
accident
6
-
26
-
total
69
-
164
-
Corporate
1 291
1 700
-
-
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.

1 162
1 530
-
-
total
1 162
1 530
-
-
Dividends
129
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 380
1 562
774
538
After tax
320
138
926
1 162
Living cost
216
216
216
216
Free-cash
104
-78
710
946

Estimated living cost  is £216 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1269
£1100
£1180
£904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 700
income
-
-
-
282
health insurance
-
-
-
106
pensions
-
-
-
263
unemployment
-
-
-
17
work injury
-
-
-
7
total
-
-
-
675
Employee

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

193
-
1 700
-
unemployment
2
-
9
-
pensions
35
-
131
-
work injury
1
-
4
-
income
19
-
282
-
health insurance
14
-
53
-
total
71
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 507
1 700
-
-
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
170
-
-
total
15
170
-
-
Dividends
1 492
1 530
-
-
withholding
224
229
-
-
total
224
229
-
-
Income
1 700
1 700
1 700
1 700
Total tax
310
399
479
675
After tax
1 390
1 301
1 221
1 025
Living cost
121
121
121
121
Free-cash
1 269
1 180
1 100
904

Estimated living cost  is £121 per week

£75
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
£500
£354
£539
£430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
11
regional
-
-
-
39
national
-
-
-
427
total
-
-
-
914
Employee
752
-
1 700
-
regional
11
-
35
-
municipal
4
-
10
-
national
127
-
372
-
social contributions
254
-
573
-
total
396
-
990
-
Employer
752
-
1 700
-
total
-
-
-
-
Corporate
948
1 700
-
-
municipal
46
82
-
-
nationa
227
408
-
-
total
273
490
-
-
Dividends
674
1 210
-
-
withholding
175
315
-
-
total
175
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
844
805
990
914
After tax
856
895
710
786
Living cost
356
356
356
356
Free-cash
500
539
354
430

Estimated living cost  is £356 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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