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
£591
£802
£598
£689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
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.

-
-
-
543
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
health

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

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

-
-
-
60
trade
-
-
-
204
total
-
-
-
837
Employee

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

334
-
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
-
543
-
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
-
633
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 366
1 700
-
-
income
205
255
-
-
surtax

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

11
14
-
-
chamber of commerce
3
4
-
-
trade
215
268
-
-
total
434
541
-
-
Dividends
931
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
633
837
After tax
954
856
1 067
863
Living cost
265
265
265
265
Free-cash
689
591
802
598

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£596
£539
£530
£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
municipal
-
-
-
187
national
-
-
-
296
pensions
-
-
-
204
total
-
-
-
705
Employee
721
-
1 470
-
municipal
89
-
193
-
pensions
29
-
59
-
national
138
-
310
-
total
256
-
562
-
Employer
721
-
1 470
-
pensions
58
-
118
-
social contributions
8
-
16
-
total
66
-
134
-
Corporate
865
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
692
1 360
-
-
withholding
152
299
-
-
total
152
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
647
639
696
705
After tax
1 053
1 061
1 004
995
Living cost
465
465
465
465
Free-cash
588
596
539
530

Estimated living cost  is £465 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1178
£543
£418
£1106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
331
surtax
-
-
-
434
social contributions

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

-
-
-
335
microenterprise
-
-
-
-
total
-
-
-
1 100
Employee
255
-
1 305
-
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
45
-
276
-
total
73
-
580
-
Employer
255
-
1 305
-
social contributions

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

62
-
251
-
surtax
-
-
144
-
total
62
-
395
-
Corporate
1 383
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%.

277
340
-
-
total
277
340
-
-
Dividends

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

1 106
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
412
340
975
1 100
After tax
1 288
1 360
725
600
Living cost
182
182
182
182
Free-cash
1 106
1 178
543
418

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£478
£714
£562
£425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
562
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
772
Employee
746
746
1 538
-
pensions
134
102
102
-
income

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

122
122
248
-
health
115
97
108
-
total
371
321
458
-
Employer
746
746
1 538
-
health
52
52
64
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
162
-
Corporate
832
823
-
-
income
166
165
-
-
total
166
165
-
-
Dividends
666
658
-
-
income
141
140
-
-
withholding
100
99
-
-
total
241
239
-
-
Income
1 700
1 700
1 700
1 700
Total tax
909
856
620
772
After tax
791
844
1 080
928
Living cost
366
366
366
366
Free-cash
425
478
714
562

Estimated living cost  is £366 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£579
£505
£513
£571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
other
-
-
-
89
unemployment
-
-
-
1
health
-
-
-
48
municipal
-
-
-
441
national
-
-
-
174
pensions
-
-
-
83
total
-
-
-
838
Employee
498
-
1 460
-
municipal
148
-
435
-
national
-
-
170
-
total
148
-
605
-
Employer
498
-
1 460
-
health
31
-
47
-
pensions
54
-
83
-
accident
1
-
2
-
unemployment
13
-
20
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 046
1 700
-
-
income
230
374
-
-
total
230
374
-
-
Dividends
816
1 326
-
-
withholding
245
398
-
-
total
245
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
780
772
846
838
After tax
920
928
854
862
Living cost
349
349
349
349
Free-cash
571
579
505
513

Estimated living cost  is £349 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£504
£724
£511
£628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
543
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
health

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

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

-
-
-
60
trade
-
-
-
213
total
-
-
-
846
Employee

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

443
-
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
-
543
-
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
-
633
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 257
1 700
-
-
income
189
255
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
207
280
-
-
total
409
553
-
-
Dividends
848
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
209
284
-
-
total
220
300
-
-
Income
1 700
1 700
1 700
1 700
Total tax
729
853
633
846
After tax
971
847
1 067
854
Living cost
343
343
343
343
Free-cash
628
504
724
511

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£956
£856
£871
£919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
361
social contributions
-
-
-
141
health
-
-
-
43
total
-
-
-
545
Employee
672
672
1 595
-
social contributions
33
56
75
-
income
71
62
353
-
health
7
11
27
-
total
111
129
455
-
Employer
672
672
1 595
-
health
7
12
30
-
social contributions
33
56
75
-
total
40
68
105
-
Corporate
1 267
960
-
-
income
158
120
-
-
total
158
120
-
-
Dividends
1 108
840
-
-
withholding
188
143
-
-
total
188
143
-
-
Income
1 700
1 700
1 700
1 700
Total tax
497
460
560
545
After tax
1 203
1 240
1 140
1 155
Living cost
284
284
284
284
Free-cash
919
956
856
871

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£798
£829
£1020
£800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
208
unemployment
-
-
-
26
health
-
-
-
119
pensions
-
-
-
170
total
-
-
-
523
Employee

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

The minimum wage is 138,000 HUF per month.

226
90
1 423
-
unemployment
3
1
21
-
pensions
23
9
142
-
income
28
11
174
-
health
16
6
100
-
total
70
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.

226
90
1 423
-
pensions
44
18
277
-
total
44
18
277
-
Corporate
1 430
1 592
-
-
income
129
143
-
-
total
129
143
-
-
Dividends
1 301
1 449
-
-
social contributions
253
282
-
-
withholding
247
275
-
-
total
500
557
-
-
Income
1 700
1 700
1 700
1 700
Total tax
743
745
714
523
After tax
957
955
986
1 177
Living cost
157
157
157
157
Free-cash
800
798
829
1 020

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1149
£770
£700
£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
income
-
-
-
228
health
-
-
-
221
pensions
-
-
-
340
total
-
-
-
789
Employee
248
-
1 271
-
unemployment
4
-
20
-
pensions
5
-
25
-
income
28
-
245
-
total
37
-
290
-
Employer
248
-
1 271
-
health
32
-
165
-
pensions
50
-
254
-
unemployment
2
-
10
-
total
84
-
429
-
Corporate
1 368
1 700
-
-
income
274
340
-
-
total
274
340
-
-
Dividends
1 095
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
395
340
719
789
After tax
1 305
1 360
981
911
Living cost
211
211
211
211
Free-cash
1 094
1 149
770
700

Estimated living cost  is £211 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£57
£732
£967
£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
accident
-
-
-
2
income
-
-
-
477
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
538
Employee
307
-
1 539
-
pensions
35
-
68
-
income
42
-
367
-
health
35
-
176
-
total
112
-
611
-
Employer
307
-
1 539
-
pensions
50
-
98
-
accident
5
-
26
-
unemployment
8
-
38
-
total
63
-
162
-
Corporate
1 330
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.

1 197
1 530
-
-
total
1 197
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
773
538
After tax
303
138
927
1 162
Living cost
195
195
195
195
Free-cash
108
-57
732
967

Estimated living cost  is £195 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1545
£1290
£1613
£1531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
88
-
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%.

1 612
1 700
-
-
total
-
-
-
-
Dividends
1 612
1 700
-
-
withholding
81
85
-
-
total
81
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
99
85
340
17
After tax
1 601
1 615
1 360
1 683
Living cost
70
70
70
70
Free-cash
1 531
1 545
1 290
1 613

Estimated living cost  is £70 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1016
£734
£749
£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
income
-
-
-
278
other
-
-
-
63
health
-
-
-
58
pensions

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

-
-
-
319
total
-
-
-
718
Employee
317
-
1 365
-
unemployment
3
-
13
-
pensions

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

22
-
93
-
income
55
-
273
-
health
4
-
19
-
total
84
-
398
-
Employer
317
-
1 365
-
health
4
-
19
-
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
-
226
-
accident
3
-
11
-
unemployment
3
-
13
-
other
16
-
66
-
total
80
-
335
-
Corporate
1 303
1 700
-
-
income
274
357
-
-
total
274
357
-
-
Dividends
1 029
1 343
-
-
withholding
72
94
-
-
total
72
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
510
451
733
718
After tax
1 190
1 249
967
982
Living cost
233
233
233
233
Free-cash
957
1 016
734
749

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£511
£379
£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
-
pensions
80
-
99
-
income
149
-
401
-
health
14
-
21
-
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
£1338
£1317
£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
income
-
-
-
255
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
336
Employee
152
-
1 640
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
164
-
health
7
-
14
-
total
37
-
208
-
Employer
152
-
1 640
-
health
10
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
1 519
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
£359
£595
£443
£382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
562
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
772
Employee
810
746
1 538
-
pensions
102
102
102
-
income

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

122
122
248
-
health
101
97
108
-
total
325
321
458
-
Employer
810
746
1 538
-
health
56
52
64
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
162
-
Corporate
748
823
-
-
income
150
165
-
-
total
150
165
-
-
Dividends
598
658
-
-
income
127
140
-
-
withholding
90
99
-
-
total
217
239
-
-
Income
1 700
1 700
1 700
1 700
Total tax
833
856
620
772
After tax
867
844
1 080
928
Living cost
485
485
485
485
Free-cash
382
359
595
443

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£956
£694
£768
£880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
174
social contributions
-
-
-
308
solidarity contribution
-
-
-
7
health
-
-
-
229
total
-
-
-
718
Employee
315
-
1 317
-
solidarity contribution
-
-
1
-
social contributions
20
-
69
-
income
38
-
161
-
health
43
-
178
-
total
101
-
409
-
Employer
315
-
1 317
-
health
28
-
119
-
social contributions
79
-
264
-
total
107
-
383
-
Corporate
1 278
1 700
-
-
income
243
323
-
-
total
243
323
-
-
Dividends
1 035
1 377
-
-
withholding
155
207
-
-
total
155
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
606
530
792
718
After tax
1 094
1 170
908
982
Living cost
214
214
214
214
Free-cash
880
956
694
768

Estimated living cost  is £214 per week

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

Source of data for Brno model

Close
Milan , Italy
£538
£357
£434
£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
regional
-
-
-
20
municipal
-
-
-
10
national
-
-
-
430
total
-
-
-
897
Employee
777
-
1 700
-
municipal
4
-
9
-
national
135
-
374
-
regional
7
-
18
-
social contributions
262
-
573
-
total
408
-
974
-
Employer
777
-
1 700
-
total
-
-
-
-
Corporate
923
1 700
-
-
municipal
36
66
-
-
nationa
222
408
-
-
total
258
474
-
-
Dividends
666
1 226
-
-
withholding
173
319
-
-
total
173
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
839
793
974
897
After tax
861
907
726
803
Living cost
369
369
369
369
Free-cash
492
538
357
434

Estimated living cost  is £369 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£876
£555
£610
£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
income
-
-
-
499
other
-
-
-
-
surtax
-
-
-
80
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
897
Employee
289
-
1 454
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
70
-
income
48
-
447
-
health
7
-
30
-
total
95
-
706
-
Employer
289
-
1 454
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 350
1 700
-
-
income
351
442
-
-
total
351
442
-
-
Dividends
999
1 258
-
-
withholding
150
189
-
-
total
150
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
631
952
897
After tax
1 043
1 069
748
803
Living cost
193
193
193
193
Free-cash
850
876
555
610

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£696
£564
£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
-
pensions
47
-
99
-
income
100
-
401
-
health
8
-
21
-
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
£87
£603
£677
£382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
88
health
-
-
-
4
city
-
-
-
18
national
-
-
-
33
pensions
-
-
-
156
total
-
-
-
333
Employee
808
-
1 522
-
unemployment
-
-
-
-
pensions
68
-
127
-
national
4
-
25
-
regional
26
-
76
-
city
9
-
16
-
health
2
-
3
-
total
109
-
247
-
Employer
808
-
1 522
-
health
2
-
3
-
pensions
68
-
127
-
unemployment
-
-
-
-
other

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

16
-
30
-
total
86
-
160
-
Corporate
798
1 700
-
-
regional
169
360
-
-
national
68
144
-
-
total
237
504
-
-
Dividends
561
1 196
-
-
withholding
196
419
-
-
total
196
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
628
923
407
333
After tax
1 072
777
1 293
1 367
Living cost
690
690
690
690
Free-cash
382
87
603
677

Estimated living cost  is £690 per week

£449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£439
£667
£445
£581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
543
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
health

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

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

-
-
-
60
trade
-
-
-
222
total
-
-
-
855
Employee

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

525
-
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
-
543
-
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
-
633
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 175
1 700
-
-
income
176
255
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
201
292
-
-
total
390
565
-
-
Dividends
784
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
193
281
-
-
total
204
296
-
-
Income
1 700
1 700
1 700
1 700
Total tax
719
861
633
855
After tax
981
839
1 067
845
Living cost
400
400
400
400
Free-cash
581
439
667
445

Estimated living cost  is £400 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£557
£617
£654
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
281
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
77
pensions
-
-
-
288
total
-
-
-
747
Employee
374
-
1 308
-
pensions
42
-
94
-
surtax
-
-
-
-
social contributions
11
-
37
-
income
22
-
261
-
total
75
-
392
-
Employer
374
-
1 308
-
health
26
-
125
-
pensions
61
-
158
-
unemployment
15
-
53
-
social contributions
1
-
4
-
other
13
-
52
-
total
116
-
392
-
Corporate
1 209
1 700
-
-
income
339
476
-
-
surtax
-
-
-
-
total
339
476
-
-
Dividends
871
1 224
-
-
surtax
-
-
-
-
social contributions
150
211
-
-
withholding
111
157
-
-
total
261
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
791
844
784
747
After tax
909
856
916
953
Living cost
299
299
299
299
Free-cash
610
557
617
654

Estimated living cost  is £299 per week

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

Source of data for Nice model

Close
Marseille , France
£587
£647
£684
£636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
77
pensions
-
-
-
288
total
-
-
-
747
Employee
334
-
1 308
-
pensions
38
-
94
-
surtax
-
-
-
-
social contributions
10
-
37
-
income
17
-
261
-
total
65
-
392
-
Employer
334
-
1 308
-
health
23
-
125
-
pensions
55
-
158
-
unemployment
14
-
53
-
social contributions
1
-
4
-
other
12
-
52
-
total
105
-
392
-
Corporate
1 262
1 700
-
-
income
353
476
-
-
surtax
-
-
-
-
total
353
476
-
-
Dividends
908
1 224
-
-
surtax
-
-
-
-
social contributions
156
211
-
-
withholding
116
157
-
-
total
272
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
795
844
784
747
After tax
905
856
916
953
Living cost
269
269
269
269
Free-cash
636
587
647
684

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£852
£866
£906
£857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
255
social contributions
-
-
-
235
health
-
-
-
119
total
-
-
-
609
Employee
296
-
1 700
-
social contributions
41
-
235
-
income
49
-
295
-
health
21
-
119
-
total
111
-
649
-
Employer
296
-
1 700
-
total
-
-
-
-
Corporate
1 404
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
1 333
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
658
663
649
609
After tax
1 042
1 037
1 051
1 091
Living cost
185
185
185
185
Free-cash
857
852
866
906

Estimated living cost  is £185 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£632
£139
£564
£616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
498
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
828
Employee
437
348
1 378
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
409
-
health
17
13
40
-
total
129
88
595
-
Employer
437
348
1 378
-
chamber of commerce
2
1
6
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
41
-
other
21
17
62
-
total
129
102
322
-
Corporate
1 136
1 250
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.

284
312
336
-
total
284
312
336
-
Dividends
852
937
-
-
withholding
234
258
-
-
total
234
258
-
-
Income
1 700
1 700
1 700
1 700
Total tax
776
760
1 253
828
After tax
924
940
447
872
Living cost
308
308
308
308
Free-cash
616
632
139
564

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£628
£271
£419
£501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
89
social contributions
-
-
-
218
national
-
-
-
655
total
-
-
-
962
Employee

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

625
-
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.

5
-
11
-
communal

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

33
-
69
-
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
-
national
192
-
486
-
health

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

29
-
62
-
total
306
-
727
-
Employer

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

625
-
1 317
-
health

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

38
-
81
-
pensions

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

55
-
117
-
accident

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

8
-
17
-
unemployment

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

9
-
19
-
surtax
71
-
149
-
total
181
-
383
-
Corporate
893
1 700
-
-
income
179
344
-
-
surtax
4
7
-
-
total
183
351
-
-
Dividends
711
1 349
-
-
withholding

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

210
402
-
-
total
210
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
880
753
1 110
962
After tax
820
947
590
738
Living cost
319
319
319
319
Free-cash
501
628
271
419

Estimated living cost  is £319 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£815
£599
£636
£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
accident
-
-
-
7
income
-
-
-
505
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
748
Employee
435
-
1 442
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
92
-
475
-
total
119
-
527
-
Employer
435
-
1 442
-
pensions
103
-
191
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
6
-
total
139
-
258
-
Corporate
1 126
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.

169
255
-
-
total
169
255
-
-
Dividends
957
1 445
-
-
withholding
202
314
-
-
total
202
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
629
569
785
748
After tax
1 071
1 131
915
952
Living cost
316
316
316
316
Free-cash
755
815
599
636

Estimated living cost  is £316 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£507
£416
£349
£391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
107
accident
-
-
-
14
income
-
-
-
297
surtax
-
-
-
84
health
-
-
-
119
pensions
-
-
-
255
total
-
-
-
876
Employee
662
-
1 519
-
pensions
53
-
121
-
surtax
41
-
93
-
income
64
-
346
-
health
29
-
68
-
total
187
-
628
-
Employer
662
-
1 519
-
health
20
-
46
-
pensions
53
-
121
-
accident
6
-
14
-
total
79
-
181
-
Corporate
959
1 700
-
-
communal
65
115
-
-
income
144
255
-
-
surtax
10
18
-
-
total
219
388
-
-
Dividends
740
1 312
-
-
income
238
133
-
-
withholding
111
197
-
-
total
349
330
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
718
809
876
After tax
866
982
891
824
Living cost
475
475
475
475
Free-cash
391
507
416
349

Estimated living cost  is £475 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£873
£552
£607
£847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
499
other
-
-
-
-
surtax
-
-
-
80
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
897
Employee
294
-
1 454
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
20
-
78
-
surtax
1
-
70
-
income
49
-
447
-
health
8
-
30
-
total
98
-
706
-
Employer
294
-
1 454
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 344
1 700
-
-
income
349
442
-
-
total
349
442
-
-
Dividends
994
1 258
-
-
withholding
149
189
-
-
total
149
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
631
952
897
After tax
1 043
1 069
748
803
Living cost
196
196
196
196
Free-cash
847
873
552
607

Estimated living cost  is £196 per week

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

Source of data for Athens model

Close
Naples , Italy
£659
£486
£562
£638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
26
municipal
-
-
-
10
national
-
-
-
430
total
-
-
-
903
Employee
485
-
1 700
-
municipal
3
-
9
-
national
77
-
374
-
regional
7
-
23
-
social contributions
164
-
573
-
total
251
-
979
-
Employer
485
-
1 700
-
total
-
-
-
-
Corporate
1 215
1 700
-
-
municipal
60
84
-
-
nationa
292
408
-
-
total
352
492
-
-
Dividends
863
1 208
-
-
withholding
224
314
-
-
total
224
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
827
806
979
903
After tax
873
894
721
797
Living cost
235
235
235
235
Free-cash
638
659
486
562

Estimated living cost  is £235 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£906
£644
£718
£813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
174
social contributions
-
-
-
308
solidarity contribution
-
-
-
7
health
-
-
-
229
total
-
-
-
718
Employee
388
-
1 317
-
solidarity contribution
-
-
1
-
social contributions
25
-
69
-
income
47
-
161
-
health
52
-
178
-
total
124
-
409
-
Employer
388
-
1 317
-
health
35
-
119
-
social contributions
97
-
264
-
total
132
-
383
-
Corporate
1 179
1 700
-
-
income
224
323
-
-
total
224
323
-
-
Dividends
955
1 377
-
-
withholding
143
207
-
-
total
143
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
623
530
792
718
After tax
1 077
1 170
908
982
Living cost
264
264
264
264
Free-cash
813
906
644
718

Estimated living cost  is £264 per week

£196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£662
£169
£595
£658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
498
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
7
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
826
Employee
382
348
1 380
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
409
-
health
15
13
40
-
total
103
88
595
-
Employer
382
348
1 380
-
chamber of commerce
2
1
6
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
41
-
other
18
17
62
-
total
109
100
320
-
Corporate
1 208
1 251
1 347
-
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.

302
313
337
-
total
302
313
337
-
Dividends
906
939
-
-
withholding
249
258
-
-
total
249
258
-
-
Income
1 700
1 700
1 700
1 700
Total tax
763
759
1 252
826
After tax
937
941
448
874
Living cost
279
279
279
279
Free-cash
658
662
169
595

Estimated living cost  is £279 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1505
£1250
£1573
£1485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
137
-
1 700
-
income
27
-
340
-
total
27
-
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%.

1 563
1 700
-
-
total
-
-
-
-
Dividends
1 563
1 700
-
-
withholding
78
85
-
-
total
78
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
105
85
340
17
After tax
1 595
1 615
1 360
1 683
Living cost
110
110
110
110
Free-cash
1 485
1 505
1 250
1 573

Estimated living cost  is £110 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£936
£543
£584
£863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
402
unemployment
-
-
-
3
health
-
-
-
167
pensions
-
-
-
310
total
-
-
-
882
Employee

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

387
-
1 471
-
unemployment
1
-
2
-
pensions
60
-
228
-
income
67
-
369
-
health
25
-
95
-
total
153
-
694
-
Employer

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

387
-
1 471
-
health
26
-
98
-
pensions
34
-
130
-
unemployment
-
-
1
-
total
60
-
229
-
Corporate
1 253
1 700
-
-
income
238
323
-
-
total
238
323
-
-
Dividends
1 015
1 377
-
-
withholding
152
207
-
-
total
152
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
603
530
923
882
After tax
1 097
1 170
777
818
Living cost
234
234
234
234
Free-cash
863
936
543
584

Estimated living cost  is £234 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£661
£1213
£802
£250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
331
social contributions
-
-
-
194
total
-
-
-
525
Employee
535
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
535
-
-
-
social contributions
755
-
108
-
total
755
-
108
-
Corporate
410
1 700
-
-
income
90
374
-
-
total
90
374
-
-
Dividends
320
1 326
-
-
income
70
292
-
-
total
70
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 077
666
114
525
After tax
623
1 034
1 586
1 175
Living cost
373
373
373
373
Free-cash
250
661
1 213
802

Estimated living cost  is £373 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£693
£498
£626
£684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
209
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
800
Employee
402
-
1 374
-
surtax
-
-
-
-
social contributions
44
-
151
-
income
84
-
451
-
total
128
-
602
-
Employer
402
-
1 374
-
social contributions
95
-
326
-
total
95
-
326
-
Corporate
1 202
1 700
-
-
income
253
357
-
-
surtax
-
-
-
-
total
253
357
-
-
Dividends
950
1 343
-
-
withholding
266
376
-
-
total
266
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
742
733
928
800
After tax
958
967
772
900
Living cost
274
274
274
274
Free-cash
684
693
498
626

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£434
£494
£531
£494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
281
other
-
-
-
53
surtax
-
-
-
-
social contributions
-
-
-
48
health
-
-
-
77
pensions
-
-
-
288
total
-
-
-
747
Employee
547
-
1 308
-
pensions
62
-
94
-
surtax
-
-
-
-
social contributions
16
-
37
-
income
48
-
261
-
total
126
-
392
-
Employer
547
-
1 308
-
health
38
-
125
-
pensions
90
-
158
-
unemployment
22
-
53
-
social contributions
2
-
4
-
other
19
-
52
-
total
171
-
392
-
Corporate
982
1 700
-
-
income
275
476
-
-
surtax
-
-
-
-
total
275
476
-
-
Dividends
707
1 224
-
-
surtax
-
-
-
-
social contributions
122
211
-
-
withholding
90
157
-
-
total
212
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
784
844
784
747
After tax
916
856
916
953
Living cost
422
422
422
422
Free-cash
494
434
494
531

Estimated living cost  is £422 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£1267
£1028
£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
-
-
-
80
social contributions
-
-
-
374
total
-
-
-
454
Employee
281
-
1 472
-
income
-
-
85
-
social contributions
18
-
96
-
total
18
-
181
-
Employer
281
-
1 472
-
social contributions
44
-
228
-
total
44
-
228
-
Corporate
1 375
1 700
-
-
income
138
170
-
-
total
138
170
-
-
Dividends
1 238
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
200
170
409
454
After tax
1 500
1 530
1 291
1 246
Living cost
263
263
263
263
Free-cash
1 237
1 267
1 028
983

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£204
-£204
£572
-£204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
359
national
-
-
-
205
pensions
-
-
-
8
total
-
-
-
707
Employee
1 777
1 777
1 777
-
municipal
378
378
378
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 483
1 483
1 483
707
After tax
217
217
217
993
Living cost
421
421
421
421
Free-cash
-204
-204
-204
572

Estimated living cost  is £421 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-£54
£735
£970
£110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
income
-
-
-
477
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
538
Employee
302
-
1 539
-
pensions
34
-
68
-
income
41
-
367
-
health
35
-
176
-
total
110
-
611
-
Employer
302
-
1 539
-
pensions
49
-
98
-
accident
5
-
26
-
unemployment
7
-
38
-
total
61
-
162
-
Corporate
1 336
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.

1 202
1 530
-
-
total
1 202
1 530
-
-
Dividends
134
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 398
1 562
773
538
After tax
302
138
927
1 162
Living cost
192
192
192
192
Free-cash
110
-54
735
970

Estimated living cost  is £192 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£719
£544
£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
municipal
-
-
-
302
national
-
-
-
302
total
-
-
-
627
Employee
460
-
1 430
-
municipal
75
-
233
-
unemployment
7
-
21
-
pensions
31
-
97
-
national
8
-
182
-
health
3
-
18
-
total
124
-
551
-
Employer
460
-
1 430
-
health
4
-
11
-
pensions
80
-
248
-
accident
-
-
1
-
unemployment
3
-
9
-
total
87
-
269
-
Corporate
1 153
1 700
-
-
income
231
340
-
-
total
231
340
-
-
Dividends

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

692
1 020
-
-
municipal
125
184
-
-
national
53
121
-
-
total
178
305
-
-
Income
1 700
1 700
1 700
1 700
Total tax
620
645
820
627
After tax
1 080
1 055
880
1 073
Living cost
336
336
336
336
Free-cash
744
719
544
737

Estimated living cost  is £336 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1038
£938
£953
£991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
361
social contributions
-
-
-
141
health
-
-
-
43
total
-
-
-
545
Employee
672
672
1 595
-
social contributions
25
56
75
-
income
73
62
353
-
health
5
11
27
-
total
103
129
455
-
Employer
672
672
1 595
-
health
6
12
30
-
social contributions
25
56
75
-
total
31
68
105
-
Corporate
1 363
960
-
-
income
170
120
-
-
total
170
120
-
-
Dividends
1 192
840
-
-
withholding
203
143
-
-
total
203
143
-
-
Income
1 700
1 700
1 700
1 700
Total tax
507
460
560
545
After tax
1 193
1 240
1 140
1 155
Living cost
202
202
202
202
Free-cash
991
1 038
938
953

Estimated living cost  is £202 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1269
£1123
£1299
£1224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
174
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
262
Employee

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

201
-
1 615
-
unemployment
1
-
4
-
pensions
30
-
124
-
income
14
-
153
-
health
17
-
71
-
total
62
-
352
-
Employer

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

201
-
1 615
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 479
1 700
-
-
income
133
153
-
-
total
133
153
-
-
Dividends
1 346
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
139
139
139
139
Free-cash
1 224
1 269
1 123
1 299

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£891
£675
£712
£854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
505
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
748
Employee
323
-
1 442
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
475
-
total
82
-
527
-
Employer
323
-
1 442
-
pensions
76
-
191
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
6
-
total
103
-
258
-
Corporate
1 274
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
1 083
1 445
-
-
withholding
230
314
-
-
total
230
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
606
569
785
748
After tax
1 094
1 131
915
952
Living cost
240
240
240
240
Free-cash
854
891
675
712

Estimated living cost  is £240 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1043
£1076
£1077
£1040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
583
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
605
Employee
27
-
1 685
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
582
-
health
1
-
3
-
total
8
-
592
-
Employer
27
-
1 685
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 667
1 700
-
-
income
367
374
-
-
total
367
374
-
-
Dividends
1 300
1 326
-
-
withholding
260
265
-
-
total
260
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
642
639
606
605
After tax
1 058
1 061
1 094
1 095
Living cost
18
18
18
18
Free-cash
1 040
1 043
1 076
1 077

Estimated living cost  is £18 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1077
£917
£916
£1033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
389
unemployment
-
-
-
10
health
-
-
-
66
pensions
-
-
-
168
total
-
-
-
633
Employee

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

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

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

228
-
1 585
-
unemployment
2
-
5
-
pensions
32
-
90
-
income
31
-
389
-
health
12
-
33
-
total
77
-
517
-
Employer

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

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

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

228
-
1 585
-
health
12
-
33
-
pensions
27
-
77
-
unemployment
2
-
5
-
total
41
-
115
-
Corporate
1 432
1 700
-
-
income
215
255
-
-
total
215
255
-
-
Dividends
1 217
1 445
-
-
withholding
183
217
-
-
total
183
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
516
472
632
633
After tax
1 184
1 228
1 068
1 067
Living cost
151
151
151
151
Free-cash
1 033
1 077
917
916

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£731
£536
£664
£728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
209
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
800
Employee
339
-
1 374
-
surtax
-
-
-
-
social contributions
37
-
151
-
income
66
-
451
-
total
103
-
602
-
Employer
339
-
1 374
-
social contributions
81
-
326
-
total
81
-
326
-
Corporate
1 280
1 700
-
-
income
269
357
-
-
surtax
-
-
-
-
total
269
357
-
-
Dividends
1 011
1 343
-
-
withholding
283
376
-
-
total
283
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
736
733
928
800
After tax
964
967
772
900
Living cost
236
236
236
236
Free-cash
728
731
536
664

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£824
£608
£645
£768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
505
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
748
Employee
422
-
1 442
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
475
-
total
115
-
527
-
Employer
422
-
1 442
-
pensions
100
-
191
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
6
-
total
134
-
258
-
Corporate
1 143
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
972
1 445
-
-
withholding
205
314
-
-
total
205
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
307
307
307
307
Free-cash
768
824
608
645

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1303
£1282
£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
income
-
-
-
255
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
336
Employee
199
-
1 640
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
164
-
health
9
-
14
-
total
48
-
208
-
Employer
199
-
1 640
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 462
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
£538
£730
£544
£651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
543
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
health

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

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

-
-
-
60
trade
-
-
-
186
total
-
-
-
819
Employee

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

435
-
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
-
543
-
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
-
633
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 265
1 700
-
-
income
190
255
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
182
244
-
-
total
385
517
-
-
Dividends
880
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
217
292
-
-
total
229
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
712
825
633
819
After tax
988
875
1 067
881
Living cost
337
337
337
337
Free-cash
651
538
730
544

Estimated living cost  is £337 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£693
£379
£379
£711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
536
social contributions
-
-
-
287
total
-
-
-
823
Employee
684
-
1 700
-
income
129
-
536
-
social contributions
57
-
287
-
total
186
-
823
-
Employer
684
-
1 700
-
total
-
-
-
-
Corporate
1 016
1 700
-
-
income
127
212
-
-
total
127
212
-
-
Dividends
889
1 488
-
-
withholding
178
297
-
-
total
178
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
491
509
823
823
After tax
1 209
1 191
877
877
Living cost
498
498
498
498
Free-cash
711
693
379
379

Estimated living cost  is £498 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£742
£882
£1075
£772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
53
total
-
-
-
308
Employee
401
-
1 660
-
income
44
-
421
-
social contributions
40
-
40
-
total
84
-
461
-
Employer
401
-
1 660
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 259
1 700
-
-
income
441
595
-
-
total
441
595
-
-
Dividends
818
1 105
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 700
1 700
1 700
1 700
Total tax
611
641
501
308
After tax
1 089
1 059
1 199
1 392
Living cost
317
317
317
317
Free-cash
772
742
882
1 075

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£771
£639
£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
-
pensions
34
-
99
-
income
81
-
401
-
health
6
-
21
-
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
-£73
£716
£951
£105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
income
-
-
-
477
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
538
Employee
332
-
1 539
-
pensions
37
-
68
-
income
46
-
367
-
health
38
-
176
-
total
121
-
611
-
Employer
332
-
1 539
-
pensions
54
-
98
-
accident
6
-
26
-
unemployment
8
-
38
-
total
68
-
162
-
Corporate
1 300
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.

1 170
1 530
-
-
total
1 170
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
773
538
After tax
316
138
927
1 162
Living cost
211
211
211
211
Free-cash
105
-73
716
951

Estimated living cost  is £211 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1182
£1107
£915
£1272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
103
pensions
-
-
-
257
total
-
-
-
667
Employee

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

189
-
1 700
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
3
-
pensions
35
-
129
-
income
19
-
283
-
total
71
-
475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 511
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
1 496
1 530
-
-
withholding
224
230
-
-
total
224
230
-
-
Income
1 700
1 700
1 700
1 700
Total tax
310
400
475
667
After tax
1 390
1 300
1 225
1 033
Living cost
118
118
118
118
Free-cash
1 272
1 182
1 107
915

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£547
£360
£435
£510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
39
municipal
-
-
-
11
national
-
-
-
430
total
-
-
-
917
Employee
737
-
1 700
-
municipal
4
-
10
-
national
124
-
374
-
regional
11
-
35
-
social contributions
248
-
573
-
total
387
-
992
-
Employer
737
-
1 700
-
total
-
-
-
-
Corporate
963
1 700
-
-
municipal
46
82
-
-
nationa
231
408
-
-
total
277
490
-
-
Dividends
686
1 210
-
-
withholding
178
315
-
-
total
178
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
842
805
992
917
After tax
858
895
708
783
Living cost
348
348
348
348
Free-cash
510
547
360
435

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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