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
£802
£590
£599
£688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60
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.

-
-
-
542
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
trade
-
-
-
203
total
-
-
-
835
Employee

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

336
-
1 700
-
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
-
income

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

9
-
542
-
health

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

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

60
-
60
-
total
70
-
632
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 364
1 700
-
-
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
215
268
-
-
income
205
255
-
-
total
434
541
-
-
Dividends
930
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
229
287
-
-
total
242
303
-
-
Income
1 700
1 700
1 700
1 700
Total tax
746
844
632
835
After tax
954
856
1 068
865
Living cost
266
266
266
266
Free-cash
688
590
802
599

Estimated living cost  is £266 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£539
£597
£531
£588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
204
national
-
-
-
296
municipal
-
-
-
187
total
-
-
-
705
Employee
720
-
1 470
-
municipal
89
-
193
-
national
138
-
311
-
pensions
29
-
59
-
total
256
-
563
-
Employer
720
-
1 470
-
pensions
58
-
118
-
social contributions
8
-
16
-
total
66
-
134
-
Corporate
867
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%.

173
340
-
-
total
173
340
-
-
Dividends
694
1 360
-
-
withholding
153
299
-
-
total
153
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
648
639
697
705
After tax
1 052
1 061
1 003
995
Living cost
464
464
464
464
Free-cash
588
597
539
531

Estimated living cost  is £464 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£543
£1177
£417
£1105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
337
income
-
-
-
330
surtax
-
-
-
433
microenterprise
-
-
-
-
total
-
-
-
1 100
Employee
257
-
1 304
-
surtax
-
-
189
-
social contributions

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

28
-
115
-
income
46
-
275
-
total
74
-
579
-
Employer
257
-
1 304
-
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.

62
-
252
-
total
62
-
395
-
Corporate
1 381
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%.

276
340
-
-
total
276
340
-
-
Dividends

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

1 105
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
412
340
974
1 100
After tax
1 288
1 360
726
600
Living cost
183
183
183
183
Free-cash
1 105
1 177
543
417

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£710
£476
£560
£423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
561
pensions
-
-
-
103
total
-
-
-
772
Employee
751
751
1 537
-
income

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

123
123
247
-
pensions
135
103
103
-
health
115
98
108
-
total
373
324
458
-
Employer
751
751
1 537
-
unemployment
27
27
34
-
health
52
52
65
-
pensions
52
52
65
-
total
131
131
164
-
Corporate
827
818
-
-
income
165
164
-
-
total
165
164
-
-
Dividends
662
654
-
-
income
141
139
-
-
withholding
99
98
-
-
total
240
237
-
-
Income
1 700
1 700
1 700
1 700
Total tax
909
856
622
772
After tax
791
844
1 078
928
Living cost
368
368
368
368
Free-cash
423
476
710
560

Estimated living cost  is £368 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£494
£564
£502
£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
other
-
-
-
93
health
-
-
-
50
accident
-
-
-
2
pensions
-
-
-
86
national
-
-
-
164
unemployment
-
-
-
1
municipal
-
-
-
438
total
-
-
-
834
Employee
518
-
1 450
-
municipal
154
-
432
-
national
-
-
159
-
total
154
-
591
-
Employer
518
-
1 450
-
other
60
-
93
-
unemployment
14
-
21
-
health
32
-
49
-
accident
1
-
2
-
pensions
56
-
86
-
total
163
-
251
-
Corporate
1 019
1 700
-
-
income
224
374
-
-
total
224
374
-
-
Dividends
795
1 326
-
-
withholding
238
398
-
-
total
238
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
779
772
842
834
After tax
921
928
858
866
Living cost
364
364
364
364
Free-cash
557
564
494
502

Estimated living cost  is £364 per week

£241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£723
£502
£511
£629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
60
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.

-
-
-
542
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
trade
-
-
-
212
total
-
-
-
844
Employee

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

446
-
1 700
-
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
-
income

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

38
-
542
-
health

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

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

60
-
60
-
total
100
-
632
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 254
1 700
-
-
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
206
280
-
-
income
188
255
-
-
total
407
553
-
-
Dividends
846
1 148
-
-
surtax

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

11
16
-
-
withholding
208
284
-
-
total
219
300
-
-
Income
1 700
1 700
1 700
1 700
Total tax
726
853
632
844
After tax
974
847
1 068
856
Living cost
345
345
345
345
Free-cash
629
502
723
511

Estimated living cost  is £345 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£854
£955
£870
£918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
142
health
-
-
-
43
income
-
-
-
360
total
-
-
-
545
Employee
676
676
1 595
-
social contributions
33
56
76
-
income
71
63
352
-
health
7
11
27
-
total
111
130
455
-
Employer
676
676
1 595
-
health
7
13
30
-
social contributions
33
56
76
-
total
40
69
106
-
Corporate
1 264
955
-
-
income
158
119
-
-
total
158
119
-
-
Dividends
1 106
836
-
-
withholding
188
142
-
-
total
188
142
-
-
Income
1 700
1 700
1 700
1 700
Total tax
497
460
561
545
After tax
1 203
1 240
1 139
1 155
Living cost
285
285
285
285
Free-cash
918
955
854
870

Estimated living cost  is £285 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£824
£794
£1016
£797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
119
income
-
-
-
208
pensions
-
-
-
170
unemployment
-
-
-
25
total
-
-
-
522
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.

233
93
1 423
-
income
29
11
174
-
pensions
23
9
142
-
health
16
6
100
-
unemployment
3
1
21
-
total
71
27
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.

233
93
1 423
-
pensions
45
18
277
-
total
45
18
277
-
Corporate
1 421
1 589
-
-
income
128
143
-
-
total
128
143
-
-
Dividends
1 293
1 446
-
-
social contributions
251
281
-
-
withholding
246
275
-
-
total
497
556
-
-
Income
1 700
1 700
1 700
1 700
Total tax
741
744
714
522
After tax
959
956
986
1 178
Living cost
162
162
162
162
Free-cash
797
794
824
1 016

Estimated living cost  is £162 per week

£110
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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£769
£1148
£699
£1094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
249
-
1 271
-
income
28
-
245
-
pensions
5
-
25
-
unemployment
4
-
20
-
total
37
-
290
-
Employer
249
-
1 271
-
unemployment
2
-
10
-
health
32
-
165
-
pensions
50
-
254
-
total
84
-
429
-
Corporate
1 366
1 700
-
-
income
273
340
-
-
total
273
340
-
-
Dividends
1 093
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
394
340
719
789
After tax
1 306
1 360
981
911
Living cost
212
212
212
212
Free-cash
1 094
1 148
769
699

Estimated living cost  is £212 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£735
-£56
£968
£109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
477
pensions
-
-
-
37
total
-
-
-
538
Employee
306
-
1 539
-
income
42
-
367
-
pensions
34
-
67
-
health
35
-
176
-
total
111
-
610
-
Employer
306
-
1 539
-
unemployment
7
-
38
-
accident
5
-
26
-
pensions
50
-
97
-
total
62
-
161
-
Corporate
1 332
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.

1 199
1 530
-
-
total
1 199
1 530
-
-
Dividends
133
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 397
1 562
771
538
After tax
303
138
929
1 162
Living cost
194
194
194
194
Free-cash
109
-56
735
968

Estimated living cost  is £194 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1286
£1541
£1609
£1528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
92
-
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%.

1 608
1 700
-
-
total
-
-
-
-
Dividends
1 608
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
74
74
74
74
Free-cash
1 528
1 541
1 286
1 609

Estimated living cost  is £74 per week

£46
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£731
£1015
£746
£957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
63
health
-
-
-
59
income
-
-
-
277
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.

-
-
-
321
total
-
-
-
720
Employee
319
-
1 363
-
income
55
-
272
-
pensions

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

22
-
94
-
health
4
-
19
-
unemployment
3
-
13
-
total
84
-
398
-
Employer
319
-
1 363
-
other
16
-
67
-
unemployment
3
-
13
-
health
4
-
19
-
accident
3
-
11
-
pensions

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

54
-
227
-
total
80
-
337
-
Corporate
1 300
1 700
-
-
income
273
357
-
-
total
273
357
-
-
Dividends
1 027
1 343
-
-
withholding
72
94
-
-
total
72
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
509
451
735
720
After tax
1 191
1 249
965
980
Living cost
234
234
234
234
Free-cash
957
1 015
731
746

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£379
£511
£531
£569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
149
-
401
-
health
14
-
21
-
pensions
80
-
99
-
total
243
-
521
-
Employer
826
-
1 484
-
health
16
-
28
-
pensions
98
-
188
-
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
£1317
£1338
£1249
£1298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
255
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
336
Employee
152
-
1 640
-
income
15
-
164
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
health
7
-
14
-
total
37
-
208
-
Employer
152
-
1 640
-
unemployment
1
-
2
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
total
30
-
60
-
Corporate
1 518
1 700
-
-
income
152
170
-
-
total
152
170
-
-
Dividends
1 367
1 530
-
-
withholding
68
77
-
-
total
68
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
287
247
268
336
After tax
1 413
1 453
1 432
1 364
Living cost
115
115
115
115
Free-cash
1 298
1 338
1 317
1 249

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£591
£357
£441
£379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
561
pensions
-
-
-
103
total
-
-
-
772
Employee
815
751
1 537
-
income

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

123
123
247
-
pensions
103
103
103
-
health
102
98
108
-
total
328
324
458
-
Employer
815
751
1 537
-
unemployment
29
27
34
-
health
57
52
65
-
pensions
57
52
65
-
total
143
131
164
-
Corporate
742
818
-
-
income
148
164
-
-
total
148
164
-
-
Dividends
594
654
-
-
income
126
139
-
-
withholding
89
98
-
-
total
215
237
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
856
622
772
After tax
866
844
1 078
928
Living cost
487
487
487
487
Free-cash
379
357
591
441

Estimated living cost  is £487 per week

£360
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£692
£953
£761
£875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
health
-
-
-
230
income
-
-
-
174
solidarity contribution
-
-
-
6
total
-
-
-
722
Employee
319
-
1 315
-
social contributions
21
-
69
-
solidarity contribution
-
-
-
-
income
38
-
160
-
health
43
-
177
-
total
102
-
406
-
Employer
319
-
1 315
-
health
29
-
118
-
social contributions
80
-
267
-
total
109
-
385
-
Corporate
1 273
1 700
-
-
income
242
323
-
-
total
242
323
-
-
Dividends
1 031
1 377
-
-
withholding
155
207
-
-
total
155
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
608
530
791
722
After tax
1 092
1 170
909
978
Living cost
217
217
217
217
Free-cash
875
953
692
761

Estimated living cost  is £217 per week

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

Source of data for Brno model

Close
Milan , Italy
£356
£536
£433
£492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
429
regional
-
-
-
20
municipal
-
-
-
10
total
-
-
-
896
Employee
781
-
1 700
-
social contributions
263
-
573
-
municipal
4
-
9
-
national
135
-
373
-
regional
7
-
18
-
total
409
-
973
-
Employer
781
-
1 700
-
total
-
-
-
-
Corporate
919
1 700
-
-
nationa
220
408
-
-
municipal
36
66
-
-
total
256
474
-
-
Dividends
662
1 226
-
-
withholding
172
319
-
-
total
172
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
837
793
973
896
After tax
863
907
727
804
Living cost
371
371
371
371
Free-cash
492
536
356
433

Estimated living cost  is £371 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£556
£875
£608
£849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
-
health
-
-
-
83
income
-
-
-
498
pensions
-
-
-
235
surtax
-
-
-
80
unemployment
-
-
-
2
total
-
-
-
898
Employee
291
-
1 453
-
surtax
1
-
69
-
income
49
-
445
-
other
-
-
-
-
pensions
19
-
78
-
health
7
-
30
-
unemployment
20
-
82
-
total
96
-
704
-
Employer
291
-
1 453
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
156
-
total
61
-
246
-
Corporate
1 348
1 700
-
-
income
350
442
-
-
total
350
442
-
-
Dividends
998
1 258
-
-
withholding
150
189
-
-
total
150
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
631
950
898
After tax
1 043
1 069
750
802
Living cost
194
194
194
194
Free-cash
849
875
556
608

Estimated living cost  is £194 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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£564
£696
£716
£754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
100
-
401
-
health
8
-
21
-
pensions
47
-
99
-
total
155
-
521
-
Employer
554
-
1 484
-
health
11
-
28
-
pensions
60
-
188
-
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
£587
£69
£663
£371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
4
pensions
-
-
-
156
city
-
-
-
18
national
-
-
-
32
regional
-
-
-
86
total
-
-
-
330
Employee
828
-
1 522
-
national
4
-
23
-
city
9
-
16
-
pensions
70
-
128
-
health
2
-
3
-
regional
27
-
75
-
unemployment
-
-
-
-
total
112
-
245
-
Employer
828
-
1 522
-
other

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

17
-
30
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
70
-
128
-
total
89
-
161
-
Corporate
775
1 700
-
-
regional
164
360
-
-
national
66
145
-
-
total
230
505
-
-
Dividends
545
1 196
-
-
withholding
191
419
-
-
total
191
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
622
924
406
330
After tax
1 078
776
1 294
1 370
Living cost
707
707
707
707
Free-cash
371
69
587
663

Estimated living cost  is £707 per week

£460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£665
£436
£444
£579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
60
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.

-
-
-
542
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
trade
-
-
-
221
total
-
-
-
853
Employee

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

528
-
1 700
-
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
-
income

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

62
-
542
-
health

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

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

60
-
60
-
total
125
-
632
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 172
1 700
-
-
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
201
292
-
-
income
176
255
-
-
total
390
565
-
-
Dividends
782
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.

11
15
-
-
withholding
192
281
-
-
total
203
296
-
-
Income
1 700
1 700
1 700
1 700
Total tax
718
861
632
853
After tax
982
839
1 068
847
Living cost
403
403
403
403
Free-cash
579
436
665
444

Estimated living cost  is £403 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£617
£555
£653
£608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
77
income
-
-
-
279
pensions
-
-
-
289
surtax
-
-
-
-
total
-
-
-
746
Employee
376
-
1 309
-
surtax
-
-
-
-
social contributions
11
-
37
-
income
22
-
261
-
pensions
43
-
94
-
total
76
-
392
-
Employer
376
-
1 309
-
other
13
-
52
-
unemployment
15
-
53
-
health
26
-
124
-
pensions
62
-
157
-
social contributions
1
-
4
-
total
117
-
390
-
Corporate
1 206
1 700
-
-
surtax
-
-
-
-
income
338
476
-
-
total
338
476
-
-
Dividends
868
1 224
-
-
social contributions
149
211
-
-
surtax
-
-
-
-
withholding
111
157
-
-
total
260
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
791
844
782
746
After tax
909
856
918
954
Living cost
301
301
301
301
Free-cash
608
555
617
653

Estimated living cost  is £301 per week

£190
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.
£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 Nice model

Close
Marseille , France
£647
£585
£683
£633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
77
income
-
-
-
279
pensions
-
-
-
289
surtax
-
-
-
-
total
-
-
-
746
Employee
336
-
1 309
-
surtax
-
-
-
-
social contributions
10
-
37
-
income
17
-
261
-
pensions
38
-
94
-
total
65
-
392
-
Employer
336
-
1 309
-
other
12
-
52
-
unemployment
14
-
53
-
health
24
-
124
-
pensions
55
-
157
-
social contributions
1
-
4
-
total
106
-
390
-
Corporate
1 259
1 700
-
-
surtax
-
-
-
-
income
353
476
-
-
total
353
476
-
-
Dividends
907
1 224
-
-
social contributions
156
211
-
-
surtax
-
-
-
-
withholding
116
157
-
-
total
272
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
796
844
782
746
After tax
904
856
918
954
Living cost
271
271
271
271
Free-cash
633
585
647
683

Estimated living cost  is £271 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£865
£851
£905
£855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
298
-
1 700
-
social contributions
41
-
235
-
income
50
-
295
-
health
21
-
119
-
total
112
-
649
-
Employer
298
-
1 700
-
total
-
-
-
-
Corporate
1 402
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
1 332
1 615
-
-
social contributions
184
223
-
-
withholding
200
242
-
-
health
93
113
-
-
total
477
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
659
663
649
609
After tax
1 041
1 037
1 051
1 091
Living cost
186
186
186
186
Free-cash
855
851
865
905

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£138
£626
£562
£615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79
income
-
-
-
496
chamber of commerce
-
-
-
7
pensions
-
-
-
190
surtax
-
-
-
2
unemployment
-
-
-
54
total
-
-
-
828
Employee
439
350
1 377
-
income
50
26
407
-
other
4
4
10
-
pensions
45
36
105
-
health
17
14
40
-
unemployment
13
11
31
-
total
129
91
593
-
Employer
439
350
1 377
-
other
21
17
62
-
unemployment
13
11
31
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
129
-
payroll
13
11
41
-
chamber of commerce
2
1
6
-
total
129
104
323
-
Corporate
1 133
1 247
1 344
-
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.

283
312
336
-
total
283
312
336
-
Dividends
849
935
-
-
withholding
234
257
-
-
total
234
257
-
-
Income
1 700
1 700
1 700
1 700
Total tax
775
764
1 252
828
After tax
925
936
448
872
Living cost
310
310
310
310
Free-cash
615
626
138
562

Estimated living cost  is £310 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£269
£627
£417
£497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
219
communal

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

-
-
-
89
national
-
-
-
654
total
-
-
-
962
Employee

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

629
-
1 317
-
national
193
-
486
-
pensions

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

47
-
99
-
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
-
unemployment

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

5
-
11
-
total
308
-
727
-
Employer

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

629
-
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.

9
-
19
-
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
-
surtax
71
-
149
-
accident

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

8
-
17
-
pensions

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

56
-
117
-
total
183
-
383
-
Corporate
888
1 700
-
-
surtax
4
7
-
-
income
178
343
-
-
total
182
350
-
-
Dividends
707
1 350
-
-
withholding

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

209
402
-
-
total
209
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
882
752
1 110
962
After tax
818
948
590
738
Living cost
321
321
321
321
Free-cash
497
627
269
417

Estimated living cost  is £321 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£598
£814
£635
£755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
503
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
748
Employee
438
-
1 440
-
income
92
-
473
-
other
-
-
1
-
pensions
21
-
38
-
unemployment
7
-
13
-
total
120
-
525
-
Employer
438
-
1 440
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
pensions
103
-
192
-
total
139
-
260
-
Corporate
1 123
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.

168
255
-
-
total
168
255
-
-
Dividends
954
1 445
-
-
withholding
201
314
-
-
total
201
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
628
569
785
748
After tax
1 072
1 131
915
952
Living cost
317
317
317
317
Free-cash
755
814
598
635

Estimated living cost  is £317 per week

£234
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
£414
£505
£347
£389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
14
income
-
-
-
296
pensions
-
-
-
255
communal
-
-
-
107
surtax
-
-
-
84
total
-
-
-
875
Employee
666
-
1 519
-
surtax
41
-
93
-
income
64
-
345
-
pensions
53
-
121
-
health
30
-
68
-
total
188
-
627
-
Employer
666
-
1 519
-
health
20
-
46
-
accident
6
-
14
-
pensions
53
-
121
-
total
79
-
181
-
Corporate
955
1 700
-
-
surtax
10
18
-
-
income
143
255
-
-
communal
64
115
-
-
total
217
388
-
-
Dividends
737
1 312
-
-
income
238
132
-
-
withholding
111
197
-
-
total
349
329
-
-
Income
1 700
1 700
1 700
1 700
Total tax
833
717
808
875
After tax
867
983
892
825
Living cost
478
478
478
478
Free-cash
389
505
414
347

Estimated living cost  is £478 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£553
£872
£605
£844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
83
income
-
-
-
498
pensions
-
-
-
235
surtax
-
-
-
80
unemployment
-
-
-
2
total
-
-
-
898
Employee
296
-
1 453
-
surtax
1
-
69
-
income
50
-
445
-
other
-
-
-
-
pensions
20
-
78
-
health
8
-
30
-
unemployment
21
-
82
-
total
100
-
704
-
Employer
296
-
1 453
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
156
-
total
61
-
246
-
Corporate
1 342
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
950
898
After tax
1 041
1 069
750
802
Living cost
197
197
197
197
Free-cash
844
872
553
605

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£485
£657
£561
£637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
national
-
-
-
429
regional
-
-
-
26
municipal
-
-
-
10
total
-
-
-
902
Employee
488
-
1 700
-
social contributions
164
-
573
-
municipal
3
-
9
-
national
77
-
373
-
regional
7
-
23
-
total
251
-
978
-
Employer
488
-
1 700
-
total
-
-
-
-
Corporate
1 212
1 700
-
-
nationa
291
408
-
-
municipal
60
84
-
-
total
351
492
-
-
Dividends
861
1 207
-
-
withholding
224
314
-
-
total
224
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
826
806
978
902
After tax
874
894
722
798
Living cost
237
237
237
237
Free-cash
637
657
485
561

Estimated living cost  is £237 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£642
£903
£711
£808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
health
-
-
-
230
income
-
-
-
174
solidarity contribution
-
-
-
6
total
-
-
-
722
Employee
393
-
1 315
-
social contributions
26
-
69
-
solidarity contribution
-
-
-
-
income
47
-
160
-
health
53
-
177
-
total
126
-
406
-
Employer
393
-
1 315
-
health
35
-
118
-
social contributions
98
-
267
-
total
133
-
385
-
Corporate
1 174
1 700
-
-
income
223
323
-
-
total
223
323
-
-
Dividends
951
1 377
-
-
withholding
143
207
-
-
total
143
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
625
530
791
722
After tax
1 075
1 170
909
978
Living cost
267
267
267
267
Free-cash
808
903
642
711

Estimated living cost  is £267 per week

£199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£170
£657
£594
£654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79
income
-
-
-
496
chamber of commerce
-
-
-
7
pensions
-
-
-
190
surtax
-
-
-
-
unemployment
-
-
-
54
total
-
-
-
826
Employee
384
350
1 379
-
income
34
26
407
-
other
4
4
10
-
pensions
39
36
105
-
health
15
14
40
-
unemployment
12
11
31
-
total
104
91
593
-
Employer
384
350
1 379
-
other
18
17
62
-
unemployment
12
11
31
-
health
15
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
129
-
payroll
12
11
41
-
chamber of commerce
2
1
6
-
total
112
102
321
-
Corporate
1 205
1 249
1 345
-
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.

301
312
336
-
total
301
312
336
-
Dividends
904
937
-
-
withholding
249
258
-
-
total
249
258
-
-
Income
1 700
1 700
1 700
1 700
Total tax
766
763
1 250
826
After tax
934
937
450
874
Living cost
280
280
280
280
Free-cash
654
657
170
594

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1245
£1500
£1568
£1478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
143
-
1 700
-
income
29
-
340
-
total
29
-
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%.

1 557
1 700
-
-
total
-
-
-
-
Dividends
1 557
1 700
-
-
withholding
78
85
-
-
total
78
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
107
85
340
17
After tax
1 593
1 615
1 360
1 683
Living cost
115
115
115
115
Free-cash
1 478
1 500
1 245
1 568

Estimated living cost  is £115 per week

£78
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
£542
£934
£583
£861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
401
pensions
-
-
-
310
unemployment
-
-
-
3
total
-
-
-
881
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.

389
-
1 471
-
income
67
-
368
-
pensions
60
-
228
-
health
25
-
95
-
unemployment
1
-
2
-
total
153
-
693
-
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.

389
-
1 471
-
unemployment
-
-
1
-
health
26
-
98
-
pensions
34
-
130
-
total
60
-
229
-
Corporate
1 251
1 700
-
-
income
238
323
-
-
total
238
323
-
-
Dividends
1 013
1 377
-
-
withholding
152
207
-
-
total
152
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
603
530
922
881
After tax
1 097
1 170
778
819
Living cost
236
236
236
236
Free-cash
861
934
542
583

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1180
£636
£777
£197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
570
-
-
-
social contributions
47
-
7
-
income
126
-
-
-
total
173
-
7
-
Employer
570
-
-
-
social contributions
804
-
115
-
total
804
-
115
-
Corporate
325
1 700
-
-
income
72
374
-
-
total
72
374
-
-
Dividends
254
1 326
-
-
income
56
292
-
-
total
56
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 105
666
122
525
After tax
595
1 034
1 578
1 175
Living cost
398
398
398
398
Free-cash
197
636
1 180
777

Estimated living cost  is £398 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£496
£691
£624
£683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
209
surtax
-
-
-
-
total
-
-
-
800
Employee
404
-
1 374
-
surtax
-
-
-
-
social contributions
44
-
151
-
income
84
-
451
-
total
128
-
602
-
Employer
404
-
1 374
-
social contributions
96
-
326
-
total
96
-
326
-
Corporate
1 200
1 700
-
-
surtax
-
-
-
-
income
252
357
-
-
total
252
357
-
-
Dividends
948
1 343
-
-
withholding
265
376
-
-
total
265
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
741
733
928
800
After tax
959
967
772
900
Living cost
276
276
276
276
Free-cash
683
691
496
624

Estimated living cost  is £276 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£493
£431
£529
£492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
77
income
-
-
-
279
pensions
-
-
-
289
surtax
-
-
-
-
total
-
-
-
746
Employee
551
-
1 309
-
surtax
-
-
-
-
social contributions
16
-
37
-
income
48
-
261
-
pensions
62
-
94
-
total
126
-
392
-
Employer
551
-
1 309
-
other
19
-
52
-
unemployment
22
-
53
-
health
39
-
124
-
pensions
90
-
157
-
social contributions
2
-
4
-
total
172
-
390
-
Corporate
977
1 700
-
-
surtax
-
-
-
-
income
274
476
-
-
total
274
476
-
-
Dividends
704
1 224
-
-
social contributions
121
211
-
-
surtax
-
-
-
-
withholding
90
157
-
-
total
211
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
783
844
782
746
After tax
917
856
918
954
Living cost
425
425
425
425
Free-cash
492
431
493
529

Estimated living cost  is £425 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1028
£1266
£983
£1237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79
social contributions
-
-
-
374
total
-
-
-
453
Employee
283
-
1 472
-
income
-
-
84
-
social contributions
18
-
96
-
total
18
-
180
-
Employer
283
-
1 472
-
social contributions
44
-
228
-
total
44
-
228
-
Corporate
1 374
1 700
-
-
income
137
170
-
-
total
137
170
-
-
Dividends
1 236
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
199
170
408
453
After tax
1 501
1 530
1 292
1 247
Living cost
264
264
264
264
Free-cash
1 237
1 266
1 028
983

Estimated living cost  is £264 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£214
-£214
£570
-£214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
135
pensions
-
-
-
8
national
-
-
-
205
municipal
-
-
-
359
total
-
-
-
707
Employee
1 784
1 784
1 784
-
labour market
143
143
143
-
municipal
380
380
380
-
national
218
218
218
-
pensions
3
3
3
-
total
744
744
744
-
Employer
1 784
1 784
1 784
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 491
1 491
1 491
707
After tax
209
209
209
993
Living cost
423
423
423
423
Free-cash
-214
-214
-214
570

Estimated living cost  is £423 per week

£289
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.
£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.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£737
-£54
£970
£108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
477
pensions
-
-
-
37
total
-
-
-
538
Employee
301
-
1 539
-
income
41
-
367
-
pensions
34
-
67
-
health
35
-
176
-
total
110
-
610
-
Employer
301
-
1 539
-
unemployment
7
-
38
-
accident
5
-
26
-
pensions
49
-
97
-
total
61
-
161
-
Corporate
1 337
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.

1 204
1 530
-
-
total
1 204
1 530
-
-
Dividends
134
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 400
1 562
771
538
After tax
300
138
929
1 162
Living cost
192
192
192
192
Free-cash
108
-54
737
970

Estimated living cost  is £192 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£544
£718
£737
£744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23
national
-
-
-
301
municipal
-
-
-
302
total
-
-
-
626
Employee
463
-
1 430
-
municipal
76
-
233
-
national
8
-
181
-
pensions
31
-
97
-
health
3
-
18
-
unemployment
7
-
21
-
total
125
-
550
-
Employer
463
-
1 430
-
unemployment
3
-
9
-
health
4
-
11
-
accident
-
-
1
-
pensions
80
-
248
-
total
87
-
269
-
Corporate
1 150
1 700
-
-
income
230
340
-
-
total
230
340
-
-
Dividends

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

690
1 020
-
-
national
52
121
-
-
municipal
124
184
-
-
total
176
305
-
-
Income
1 700
1 700
1 700
1 700
Total tax
618
645
819
626
After tax
1 082
1 055
881
1 074
Living cost
338
338
338
338
Free-cash
744
718
544
737

Estimated living cost  is £338 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£935
£1036
£951
£987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
43
income
-
-
-
360
total
-
-
-
545
Employee
676
676
1 595
-
social contributions
26
56
76
-
income
74
63
352
-
health
5
11
27
-
total
105
130
455
-
Employer
676
676
1 595
-
health
6
13
30
-
social contributions
26
56
76
-
total
32
69
106
-
Corporate
1 361
955
-
-
income
170
119
-
-
total
170
119
-
-
Dividends
1 191
836
-
-
withholding
202
142
-
-
total
202
142
-
-
Income
1 700
1 700
1 700
1 700
Total tax
509
460
561
545
After tax
1 191
1 240
1 139
1 155
Living cost
204
204
204
204
Free-cash
987
1 036
935
951

Estimated living cost  is £204 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Larnaca model

Close
Podgorica , Montenegro
£1122
£1268
£1298
£1223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56
unemployment
-
-
-
-
total
-
-
-
262
Employee

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

202
-
1 614
-
income
14
-
152
-
pensions
30
-
125
-
health
17
-
71
-
unemployment
1
-
4
-
total
62
-
352
-
Employer

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

202
-
1 614
-
unemployment
1
-
4
-
health
9
-
36
-
pensions
11
-
46
-
total
21
-
86
-
Corporate
1 477
1 700
-
-
income
133
153
-
-
total
133
153
-
-
Dividends
1 344
1 547
-
-
withholding
121
139
-
-
total
121
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
337
292
438
262
After tax
1 363
1 408
1 262
1 438
Living cost
140
140
140
140
Free-cash
1 223
1 268
1 122
1 298

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£673
£889
£710
£850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
503
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
748
Employee
325
-
1 440
-
income
63
-
473
-
other
-
-
1
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
83
-
525
-
Employer
325
-
1 440
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
pensions
77
-
192
-
total
104
-
260
-
Corporate
1 271
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.

191
255
-
-
total
191
255
-
-
Dividends
1 081
1 445
-
-
withholding
230
314
-
-
total
230
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
608
569
785
748
After tax
1 092
1 131
915
952
Living cost
242
242
242
242
Free-cash
850
889
673
710

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1078
£1045
£1079
£1044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
584
pensions
-
-
-
12
total
-
-
-
605
Employee
25
-
1 687
-
income
5
-
583
-
pensions
2
-
5
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
592
-
Employer
25
-
1 687
-
unemployment
-
-
1
-
health
2
-
6
-
pensions
3
-
7
-
total
5
-
14
-
Corporate
1 670
1 700
-
-
income
367
374
-
-
total
367
374
-
-
Dividends
1 302
1 326
-
-
withholding
260
265
-
-
total
260
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
640
639
606
605
After tax
1 060
1 061
1 094
1 095
Living cost
16
16
16
16
Free-cash
1 044
1 045
1 078
1 079

Estimated living cost  is £16 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£913
£1076
£914
£1032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
67
income
-
-
-
388
pensions
-
-
-
169
unemployment
-
-
-
10
total
-
-
-
634
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.

230
-
1 584
-
income
32
-
388
-
pensions
32
-
91
-
health
12
-
34
-
unemployment
2
-
5
-
total
78
-
518
-
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.

230
-
1 584
-
unemployment
2
-
5
-
health
12
-
34
-
pensions
28
-
78
-
total
42
-
117
-
Corporate
1 429
1 700
-
-
income
214
255
-
-
total
214
255
-
-
Dividends
1 215
1 445
-
-
withholding
182
217
-
-
total
182
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
516
472
635
634
After tax
1 184
1 228
1 065
1 066
Living cost
152
152
152
152
Free-cash
1 032
1 076
913
914

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£535
£730
£663
£726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
209
surtax
-
-
-
-
total
-
-
-
800
Employee
341
-
1 374
-
surtax
-
-
-
-
social contributions
38
-
151
-
income
67
-
451
-
total
105
-
602
-
Employer
341
-
1 374
-
social contributions
81
-
326
-
total
81
-
326
-
Corporate
1 278
1 700
-
-
surtax
-
-
-
-
income
268
357
-
-
total
268
357
-
-
Dividends
1 009
1 343
-
-
withholding
283
376
-
-
total
283
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
928
800
After tax
963
967
772
900
Living cost
237
237
237
237
Free-cash
726
730
535
663

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£606
£822
£643
£766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
503
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
748
Employee
425
-
1 440
-
income
89
-
473
-
other
-
-
1
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
116
-
525
-
Employer
425
-
1 440
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
pensions
100
-
192
-
total
134
-
260
-
Corporate
1 140
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.

171
255
-
-
total
171
255
-
-
Dividends
969
1 445
-
-
withholding
204
314
-
-
total
204
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
625
569
785
748
After tax
1 075
1 131
915
952
Living cost
309
309
309
309
Free-cash
766
822
606
643

Estimated living cost  is £309 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1282
£1303
£1214
£1251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
health
-
-
-
35
income
-
-
-
255
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
336
Employee
199
-
1 640
-
income
20
-
164
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
208
-
Employer
199
-
1 640
-
unemployment
1
-
2
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
total
39
-
60
-
Corporate
1 462
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 316
1 530
-
-
withholding
66
77
-
-
total
66
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
299
247
268
336
After tax
1 401
1 453
1 432
1 364
Living cost
150
150
150
150
Free-cash
1 251
1 303
1 282
1 214

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£729
£536
£544
£652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60
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.

-
-
-
542
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
trade
-
-
-
185
total
-
-
-
817
Employee

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

437
-
1 700
-
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
-
income

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

36
-
542
-
health

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

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

60
-
60
-
total
98
-
632
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 263
1 700
-
-
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
181
244
-
-
income
189
255
-
-
total
383
517
-
-
Dividends
878
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
216
292
-
-
total
228
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
709
825
632
817
After tax
991
875
1 068
883
Living cost
339
339
339
339
Free-cash
652
536
729
544

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£377
£689
£377
£708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
535
social contributions
-
-
-
287
total
-
-
-
822
Employee
688
-
1 700
-
income
130
-
535
-
social contributions
57
-
287
-
total
187
-
822
-
Employer
688
-
1 700
-
total
-
-
-
-
Corporate
1 012
1 700
-
-
income
127
213
-
-
total
127
213
-
-
Dividends
886
1 487
-
-
withholding
177
297
-
-
total
177
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
491
510
822
822
After tax
1 209
1 190
878
878
Living cost
501
501
501
501
Free-cash
708
689
377
377

Estimated living cost  is £501 per week

£381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£881
£740
£1071
£771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
403
-
1 660
-
income
44
-
420
-
social contributions
40
-
40
-
total
84
-
460
-
Employer
403
-
1 660
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 256
1 700
-
-
income
440
595
-
-
total
440
595
-
-
Dividends
817
1 105
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 700
1 700
1 700
1 700
Total tax
610
641
500
310
After tax
1 090
1 059
1 200
1 390
Living cost
319
319
319
319
Free-cash
771
740
881
1 071

Estimated living cost  is £319 per week

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

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
81
-
401
-
health
6
-
21
-
pensions
34
-
99
-
total
121
-
521
-
Employer
445
-
1 484
-
health
8
-
28
-
pensions
45
-
188
-
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
£719
-£72
£952
£106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
477
pensions
-
-
-
37
total
-
-
-
538
Employee
331
-
1 539
-
income
45
-
367
-
pensions
37
-
67
-
health
38
-
176
-
total
120
-
610
-
Employer
331
-
1 539
-
unemployment
8
-
38
-
accident
6
-
26
-
pensions
54
-
97
-
total
68
-
161
-
Corporate
1 301
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.

1 171
1 530
-
-
total
1 171
1 530
-
-
Dividends
130
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 384
1 562
771
538
After tax
316
138
929
1 162
Living cost
210
210
210
210
Free-cash
106
-72
719
952

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1104
£1181
£911
£1271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
health insurance
-
-
-
104
work injury
-
-
-
7
pensions
-
-
-
259
unemployment
-
-
-
17
total
-
-
-
670
Employee

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

190
-
1 700
-
income
19
-
283
-
work injury
1
-
4
-
health insurance
14
-
52
-
pensions
35
-
130
-
unemployment
2
-
8
-
total
71
-
477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 510
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
1 495
1 530
-
-
withholding
224
230
-
-
total
224
230
-
-
Income
1 700
1 700
1 700
1 700
Total tax
310
400
477
670
After tax
1 390
1 300
1 223
1 030
Living cost
119
119
119
119
Free-cash
1 271
1 181
1 104
911

Estimated living cost  is £119 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£359
£545
£434
£506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
429
regional
-
-
-
39
municipal
-
-
-
11
total
-
-
-
916
Employee
741
-
1 700
-
social contributions
250
-
573
-
municipal
4
-
10
-
national
125
-
373
-
regional
11
-
35
-
total
390
-
991
-
Employer
741
-
1 700
-
total
-
-
-
-
Corporate
959
1 700
-
-
nationa
230
408
-
-
municipal
46
82
-
-
total
276
490
-
-
Dividends
683
1 210
-
-
withholding
178
315
-
-
total
178
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
844
805
991
916
After tax
856
895
709
784
Living cost
350
350
350
350
Free-cash
506
545
359
434

Estimated living cost  is £350 per week

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

Source of data for Rome model

Close
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Estimated living cost

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