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
£593
£691
£599
£803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
204
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.

-
-
-
545
health

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

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

-
-
-
59
surtax

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

-
-
-
30
total
-
-
-
838
Employee

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

332
-
1 700
-
health

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

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

59
-
59
-
surtax

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

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
-
545
-
total
69
-
634
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 368
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.

11
14
-
-
income
205
255
-
-
trade
215
268
-
-
chamber of commerce
3
4
-
-
total
434
541
-
-
Dividends
933
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
230
287
-
-
total
243
303
-
-
Income
1 700
1 700
1 700
1 700
Total tax
746
844
634
838
After tax
954
856
1 066
862
Living cost
263
263
263
263
Free-cash
691
593
803
599

Estimated living cost  is £263 per week

£165
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
£623
£616
£548
£556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
188
pensions
-
-
-
204
national
-
-
-
304
social contributions
-
-
-
18
total
-
-
-
714
Employee
678
-
1 470
-
municipal
84
-
194
-
pensions
27
-
59
-
national
130
-
319
-
total
241
-
572
-
Employer
678
-
1 470
-
social contributions
7
-
16
-
pensions
54
-
118
-
total
61
-
134
-
Corporate
915
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%.

183
340
-
-
total
183
340
-
-
Dividends
732
1 360
-
-
withholding
161
299
-
-
total
161
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
646
639
706
714
After tax
1 054
1 061
994
986
Living cost
438
438
438
438
Free-cash
616
623
556
548

Estimated living cost  is £438 per week

£297
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.
£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.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1180
£1109
£421
£545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
333
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.

-
-
-
332
total
-
-
-
1 099
Employee
253
-
1 307
-
social contributions

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

28
-
114
-
surtax
-
-
190
-
income
45
-
278
-
total
73
-
582
-
Employer
253
-
1 307
-
social contributions

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

61
-
249
-
surtax
-
-
144
-
total
61
-
393
-
Corporate
1 386
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.

1 108
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
411
340
975
1 099
After tax
1 289
1 360
725
601
Living cost
180
180
180
180
Free-cash
1 109
1 180
545
421

Estimated living cost  is £180 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£480
£427
£563
£718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
565
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
774
Employee
741
741
1 539
-
health
114
97
107
-
income

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

121
121
249
-
pensions
133
102
102
-
total
368
320
458
-
Employer
741
741
1 539
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
51
51
64
-
total
130
130
161
-
Corporate
839
830
-
-
income
168
166
-
-
total
168
166
-
-
Dividends
671
664
-
-
income
143
141
-
-
withholding
101
100
-
-
total
244
241
-
-
Income
1 700
1 700
1 700
1 700
Total tax
910
857
619
774
After tax
790
843
1 081
926
Living cost
363
363
363
363
Free-cash
427
480
718
563

Estimated living cost  is £363 per week

£257
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£594
£588
£525
£518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
444
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
185
total
-
-
-
841
Employee
476
-
1 470
-
municipal
142
-
438
-
national
-
-
181
-
total
142
-
619
-
Employer
476
-
1 470
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
1 074
1 700
-
-
income
236
374
-
-
total
236
374
-
-
Dividends
838
1 326
-
-
withholding
251
398
-
-
total
251
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
778
772
848
841
After tax
922
928
852
859
Living cost
334
334
334
334
Free-cash
588
594
518
525

Estimated living cost  is £334 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£506
£630
£512
£725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
213
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.

-
-
-
545
health

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

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

-
-
-
59
surtax

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

-
-
-
30
total
-
-
-
847
Employee

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

440
-
1 700
-
health

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

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

59
-
59
-
surtax

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

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
-
545
-
total
99
-
634
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 260
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.

10
14
-
-
income
189
255
-
-
trade
207
280
-
-
chamber of commerce
3
4
-
-
total
409
553
-
-
Dividends
850
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.

12
16
-
-
withholding
209
284
-
-
total
221
300
-
-
Income
1 700
1 700
1 700
1 700
Total tax
729
853
634
847
After tax
971
847
1 066
853
Living cost
341
341
341
341
Free-cash
630
506
725
512

Estimated living cost  is £341 per week

£228
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
£959
£923
£873
£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
-
-
-
363
health
-
-
-
43
social contributions
-
-
-
140
total
-
-
-
546
Employee
667
667
1 596
-
social contributions
32
55
75
-
health
7
11
27
-
income
70
62
355
-
total
109
128
457
-
Employer
667
667
1 596
-
social contributions
32
55
75
-
health
7
12
30
-
total
39
67
105
-
Corporate
1 270
965
-
-
income
159
121
-
-
total
159
121
-
-
Dividends
1 111
845
-
-
withholding
189
144
-
-
total
189
144
-
-
Income
1 700
1 700
1 700
1 700
Total tax
496
460
562
546
After tax
1 204
1 240
1 138
1 154
Living cost
281
281
281
281
Free-cash
923
959
857
873

Estimated living cost  is £281 per week

£192
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£799
£800
£1021
£829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
170
unemployment
-
-
-
25
health
-
-
-
119
total
-
-
-
522
Employee

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

The minimum wage is 138,000 HUF per month.

227
90
1 423
-
health
16
6
100
-
income
28
11
174
-
pensions
23
9
142
-
unemployment
3
1
21
-
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.

227
90
1 423
-
pensions
44
18
277
-
total
44
18
277
-
Corporate
1 429
1 592
-
-
income
129
143
-
-
total
129
143
-
-
Dividends
1 300
1 449
-
-
social contributions
253
281
-
-
withholding
247
275
-
-
total
500
556
-
-
Income
1 700
1 700
1 700
1 700
Total tax
743
744
714
522
After tax
957
956
986
1 178
Living cost
157
157
157
157
Free-cash
800
799
829
1 021

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
£1150
£1096
£701
£772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
228
pensions
-
-
-
340
health
-
-
-
221
total
-
-
-
789
Employee
246
-
1 271
-
income
28
-
245
-
pensions
5
-
25
-
unemployment
4
-
20
-
total
37
-
290
-
Employer
246
-
1 271
-
unemployment
2
-
10
-
pensions
49
-
254
-
health
32
-
165
-
total
83
-
429
-
Corporate
1 371
1 700
-
-
income
274
340
-
-
total
274
340
-
-
Dividends
1 097
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
394
340
719
789
After tax
1 306
1 360
981
911
Living cost
210
210
210
210
Free-cash
1 096
1 150
772
701

Estimated living cost  is £210 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£51
£110
£972
£739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
479
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
539
Employee
298
-
1 542
-
health
34
-
177
-
income
41
-
370
-
pensions
34
-
66
-
total
109
-
613
-
Employer
298
-
1 542
-
accident
5
-
26
-
unemployment
7
-
38
-
pensions
48
-
95
-
total
60
-
159
-
Corporate
1 341
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.

1 207
1 530
-
-
total
1 207
1 530
-
-
Dividends
134
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 401
1 562
772
539
After tax
299
138
928
1 161
Living cost
189
189
189
189
Free-cash
110
-51
739
972

Estimated living cost  is £189 per week

£139
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

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
£1536
£1521
£1604
£1281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
99
-
1 700
-
income
20
-
340
-
total
20
-
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%.

1 601
1 700
-
-
total
-
-
-
-
Dividends
1 601
1 700
-
-
withholding
80
85
-
-
total
80
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
100
85
340
17
After tax
1 600
1 615
1 360
1 683
Living cost
79
79
79
79
Free-cash
1 521
1 536
1 281
1 604

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1018
£960
£752
£740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
279
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.

-
-
-
317
other
-
-
-
63
health
-
-
-
58
total
-
-
-
717
Employee
315
-
1 367
-
health
4
-
18
-
income
54
-
274
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
total
83
-
397
-
Employer
315
-
1 367
-
accident
3
-
11
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

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

54
-
224
-
health
4
-
18
-
total
80
-
332
-
Corporate
1 306
1 700
-
-
income
274
357
-
-
total
274
357
-
-
Dividends
1 032
1 343
-
-
withholding
72
94
-
-
total
72
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
509
451
729
717
After tax
1 191
1 249
971
983
Living cost
231
231
231
231
Free-cash
960
1 018
740
752

Estimated living cost  is £231 per week

£163
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 Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
503
pensions
-
-
-
82
total
-
-
-
585
Employee
826
-
1 484
-
health
14
-
21
-
income
149
-
401
-
pensions
80
-
99
-
total
243
-
521
-
Employer
826
-
1 484
-
pensions
98
-
188
-
health
16
-
28
-
total
114
-
216
-
Corporate
760
1 700
-
-
income

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1340
£1299
£1250
£1319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
336
Employee
151
-
1 641
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
164
-
pensions

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

13
-
27
-
total
37
-
208
-
Employer
151
-
1 641
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
1 520
1 700
-
-
income
152
170
-
-
total
152
170
-
-
Dividends
1 368
1 530
-
-
withholding
68
76
-
-
total
68
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
287
246
267
336
After tax
1 413
1 454
1 433
1 364
Living cost
114
114
114
114
Free-cash
1 299
1 340
1 319
1 250

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£362
£385
£445
£600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
565
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
774
Employee
804
741
1 539
-
health
100
97
107
-
income

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

121
121
249
-
pensions
102
102
102
-
total
323
320
458
-
Employer
804
741
1 539
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
51
64
-
total
141
130
161
-
Corporate
755
830
-
-
income
151
166
-
-
total
151
166
-
-
Dividends
604
664
-
-
income
128
141
-
-
withholding
91
100
-
-
total
219
241
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
857
619
774
After tax
866
843
1 081
926
Living cost
481
481
481
481
Free-cash
385
362
600
445

Estimated living cost  is £481 per week

£355
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
£963
£890
£779
£708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
176
health
-
-
-
229
solidarity contribution
-
-
-
11
social contributions
-
-
-
298
total
-
-
-
714
Employee
305
-
1 325
-
social contributions
20
-
66
-
health
41
-
179
-
solidarity contribution
-
-
4
-
income
37
-
162
-
total
98
-
411
-
Employer
305
-
1 325
-
social contributions
76
-
255
-
health
27
-
119
-
total
103
-
374
-
Corporate
1 292
1 700
-
-
income
245
323
-
-
total
245
323
-
-
Dividends
1 046
1 377
-
-
withholding
157
207
-
-
total
157
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
603
530
785
714
After tax
1 097
1 170
915
986
Living cost
207
207
207
207
Free-cash
890
963
708
779

Estimated living cost  is £207 per week

£144
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.
£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 Brno model

Close
Milan , Italy
£541
£496
£438
£362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
regional
-
-
-
20
national
-
-
-
432
social contributions
-
-
-
434
total
-
-
-
896
Employee
771
-
1 700
-
social contributions
260
-
569
-
regional
7
-
18
-
municipal
4
-
9
-
national
134
-
376
-
total
405
-
972
-
Employer
771
-
1 700
-
total
-
-
-
-
Corporate
929
1 700
-
-
nationa
223
408
-
-
municipal
36
66
-
-
total
259
474
-
-
Dividends
670
1 226
-
-
withholding
174
319
-
-
total
174
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
838
793
972
896
After tax
862
907
728
804
Living cost
366
366
366
366
Free-cash
496
541
362
438

Estimated living cost  is £366 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£878
£852
£611
£557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
501
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
81
total
-
-
-
898
Employee
287
-
1 456
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
71
-
income
48
-
449
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
708
-
Employer
287
-
1 456
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
154
-
health
13
-
53
-
total
60
-
244
-
Corporate
1 353
1 700
-
-
income
352
442
-
-
total
352
442
-
-
Dividends
1 001
1 258
-
-
withholding
150
189
-
-
total
150
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
631
952
898
After tax
1 043
1 069
748
802
Living cost
191
191
191
191
Free-cash
852
878
557
611

Estimated living cost  is £191 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
health
8
-
21
-
income
100
-
401
-
pensions
47
-
99
-
total
155
-
521
-
Employer
554
-
1 484
-
pensions
60
-
188
-
health
11
-
28
-
total
71
-
216
-
Corporate
1 076
1 700
-
-
income

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£114
£398
£699
£629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
city
-
-
-
18
pensions
-
-
-
156
other

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

-
-
-
34
regional
-
-
-
90
health
-
-
-
4
national
-
-
-
36
total
-
-
-
338
Employee
775
-
1 524
-
city
8
-
16
-
regional
25
-
78
-
health
2
-
3
-
pensions
65
-
125
-
unemployment
-
-
-
-
national
4
-
28
-
total
104
-
250
-
Employer
775
-
1 524
-
other

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

16
-
30
-
unemployment
-
-
-
-
pensions
65
-
125
-
health
2
-
3
-
total
83
-
158
-
Corporate
834
1 700
-
-
regional
176
360
-
-
national
71
144
-
-
total
247
504
-
-
Dividends
587
1 196
-
-
withholding
205
419
-
-
total
205
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
639
923
408
338
After tax
1 061
777
1 292
1 362
Living cost
663
663
663
663
Free-cash
398
114
629
699

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
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.
£164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£442
£584
£447
£669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
222
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.

-
-
-
545
health

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

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

-
-
-
59
surtax

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

-
-
-
30
total
-
-
-
856
Employee

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

521
-
1 700
-
health

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

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

59
-
59
-
surtax

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

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.

61
-
545
-
total
123
-
634
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 179
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.

10
14
-
-
income
177
255
-
-
trade
202
292
-
-
chamber of commerce
3
4
-
-
total
392
565
-
-
Dividends
787
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
634
856
After tax
981
839
1 066
844
Living cost
397
397
397
397
Free-cash
584
442
669
447

Estimated living cost  is £397 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£559
£610
£655
£619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
pensions
-
-
-
287
other
-
-
-
53
health
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
748
Employee
371
-
1 308
-
social contributions
11
-
37
-
surtax
-
-
-
-
income
22
-
261
-
pensions
42
-
94
-
total
75
-
392
-
Employer
371
-
1 308
-
other
13
-
52
-
social contributions
1
-
4
-
unemployment
15
-
53
-
pensions
61
-
158
-
health
26
-
125
-
total
116
-
392
-
Corporate
1 213
1 700
-
-
surtax
-
-
-
-
income
340
476
-
-
total
340
476
-
-
Dividends
873
1 224
-
-
surtax
-
-
-
-
social contributions
150
211
-
-
withholding
112
157
-
-
total
262
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
793
844
784
748
After tax
907
856
916
952
Living cost
297
297
297
297
Free-cash
610
559
619
655

Estimated living cost  is £297 per week

£187
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£589
£640
£685
£649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
pensions
-
-
-
287
other
-
-
-
53
health
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
748
Employee
331
-
1 308
-
social contributions
9
-
37
-
surtax
-
-
-
-
income
17
-
261
-
pensions
37
-
94
-
total
63
-
392
-
Employer
331
-
1 308
-
other
11
-
52
-
social contributions
1
-
4
-
unemployment
13
-
53
-
pensions
54
-
158
-
health
23
-
125
-
total
102
-
392
-
Corporate
1 265
1 700
-
-
surtax
-
-
-
-
income
354
476
-
-
total
354
476
-
-
Dividends
911
1 224
-
-
surtax
-
-
-
-
social contributions
157
211
-
-
withholding
117
157
-
-
total
274
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
793
844
784
748
After tax
907
856
916
952
Living cost
267
267
267
267
Free-cash
640
589
649
685

Estimated living cost  is £267 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£853
£858
£907
£867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
119
social contributions
-
-
-
235
total
-
-
-
609
Employee
294
-
1 700
-
social contributions
41
-
235
-
health
21
-
119
-
income
49
-
295
-
total
111
-
649
-
Employer
294
-
1 700
-
total
-
-
-
-
Corporate
1 406
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
1 336
1 615
-
-
health
93
113
-
-
social contributions
184
223
-
-
withholding
200
242
-
-
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
184
184
184
184
Free-cash
858
853
867
907

Estimated living cost  is £184 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£638
£620
£567
£144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
7
income
-
-
-
500
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
827
Employee
433
346
1 380
-
other
4
3
10
-
health
17
13
39
-
income
49
25
411
-
pensions
44
35
104
-
unemployment
13
10
30
-
total
127
86
594
-
Employer
433
346
1 380
-
accident
6
4
13
-
other
21
16
62
-
chamber of commerce
2
1
6
-
unemployment
13
10
30
-
surtax
2
2
2
-
pensions
54
43
127
-
payroll
13
10
41
-
health
16
13
38
-
total
127
99
319
-
Corporate
1 140
1 253
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.

285
313
337
-
total
285
313
337
-
Dividends
855
940
-
-
withholding
235
258
-
-
total
235
258
-
-
Income
1 700
1 700
1 700
1 700
Total tax
774
756
1 250
827
After tax
926
944
450
873
Living cost
306
306
306
306
Free-cash
620
638
144
567

Estimated living cost  is £306 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£631
£504
£422
£273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
657
communal

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

-
-
-
89
social contributions
-
-
-
216
total
-
-
-
962
Employee

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

620
-
1 317
-
communal

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

32
-
69
-
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
-
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
-
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
-
national
191
-
487
-
total
304
-
728
-
Employer

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

620
-
1 317
-
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
70
-
149
-
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
-
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
-
total
180
-
383
-
Corporate
899
1 700
-
-
surtax
4
7
-
-
income
180
345
-
-
total
184
352
-
-
Dividends
716
1 348
-
-
withholding

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

212
401
-
-
total
212
401
-
-
Income
1 700
1 700
1 700
1 700
Total tax
880
753
1 111
962
After tax
820
947
589
738
Living cost
316
316
316
316
Free-cash
504
631
273
422

Estimated living cost  is £316 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£818
£758
£638
£603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
507
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
749
Employee
432
-
1 444
-
other
-
-
1
-
income
91
-
477
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
118
-
528
-
Employer
432
-
1 444
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 131
1 700
-
-
income

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

170
255
-
-
total
170
255
-
-
Dividends
961
1 445
-
-
withholding
203
314
-
-
total
203
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
629
569
784
749
After tax
1 071
1 131
916
951
Living cost
313
313
313
313
Free-cash
758
818
603
638

Estimated living cost  is £313 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£510
£394
£352
£419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
14
income
-
-
-
298
pensions
-
-
-
255
health
-
-
-
119
surtax
-
-
-
84
communal
-
-
-
107
total
-
-
-
877
Employee
657
-
1 519
-
health
29
-
68
-
surtax
40
-
93
-
income
63
-
347
-
pensions
53
-
121
-
total
185
-
629
-
Employer
657
-
1 519
-
accident
6
-
14
-
pensions
53
-
121
-
health
20
-
46
-
total
79
-
181
-
Corporate
965
1 700
-
-
surtax
10
18
-
-
communal
65
115
-
-
income
145
255
-
-
total
220
388
-
-
Dividends
745
1 312
-
-
income
239
134
-
-
withholding
112
197
-
-
total
351
331
-
-
Income
1 700
1 700
1 700
1 700
Total tax
835
719
810
877
After tax
865
981
890
823
Living cost
471
471
471
471
Free-cash
394
510
419
352

Estimated living cost  is £471 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£874
£849
£607
£553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
501
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
81
total
-
-
-
898
Employee
292
-
1 456
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
71
-
income
49
-
449
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
96
-
708
-
Employer
292
-
1 456
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
154
-
health
13
-
53
-
total
61
-
244
-
Corporate
1 346
1 700
-
-
income
350
442
-
-
total
350
442
-
-
Dividends
996
1 258
-
-
withholding
149
189
-
-
total
149
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
656
631
952
898
After tax
1 044
1 069
748
802
Living cost
195
195
195
195
Free-cash
849
874
553
607

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£660
£640
£564
£489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
10
regional
-
-
-
26
national
-
-
-
432
social contributions
-
-
-
434
total
-
-
-
902
Employee
481
-
1 700
-
social contributions
162
-
569
-
regional
6
-
23
-
municipal
3
-
9
-
national
76
-
376
-
total
247
-
977
-
Employer
481
-
1 700
-
total
-
-
-
-
Corporate
1 219
1 700
-
-
nationa
293
408
-
-
municipal
61
84
-
-
total
354
492
-
-
Dividends
866
1 208
-
-
withholding
225
314
-
-
total
225
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
826
806
977
902
After tax
874
894
723
798
Living cost
234
234
234
234
Free-cash
640
660
489
564

Estimated living cost  is £234 per week

£145
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
£915
£825
£731
£660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
176
health
-
-
-
229
solidarity contribution
-
-
-
11
social contributions
-
-
-
298
total
-
-
-
714
Employee
376
-
1 325
-
social contributions
24
-
66
-
health
51
-
179
-
solidarity contribution
-
-
4
-
income
45
-
162
-
total
120
-
411
-
Employer
376
-
1 325
-
social contributions
94
-
255
-
health
34
-
119
-
total
128
-
374
-
Corporate
1 197
1 700
-
-
income
227
323
-
-
total
227
323
-
-
Dividends
969
1 377
-
-
withholding
145
207
-
-
total
145
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
620
530
785
714
After tax
1 080
1 170
915
986
Living cost
255
255
255
255
Free-cash
825
915
660
731

Estimated living cost  is £255 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£667
£658
£598
£174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
7
income
-
-
-
500
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
825
Employee
379
346
1 382
-
other
4
3
10
-
health
15
13
39
-
income
34
25
412
-
pensions
39
35
104
-
unemployment
11
10
30
-
total
103
86
595
-
Employer
379
346
1 382
-
accident
5
4
13
-
other
18
16
62
-
chamber of commerce
2
1
6
-
unemployment
11
10
30
-
surtax
-
-
-
-
pensions
48
43
127
-
payroll
11
10
41
-
health
14
13
38
-
total
109
97
317
-
Corporate
1 212
1 255
1 349
-
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.

303
314
337
-
total
303
314
337
-
Dividends
909
941
-
-
withholding
250
259
-
-
total
250
259
-
-
Income
1 700
1 700
1 700
1 700
Total tax
765
756
1 249
825
After tax
935
944
451
875
Living cost
277
277
277
277
Free-cash
658
667
174
598

Estimated living cost  is £277 per week

£166
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
£1492
£1469
£1560
£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

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
154
-
1 700
-
income
31
-
340
-
total
31
-
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%.

1 546
1 700
-
-
total
-
-
-
-
Dividends
1 546
1 700
-
-
withholding
77
85
-
-
total
77
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
108
85
340
17
After tax
1 592
1 615
1 360
1 683
Living cost
123
123
123
123
Free-cash
1 469
1 492
1 237
1 560

Estimated living cost  is £123 per week

£83
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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£937
£864
£583
£544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
404
pensions
-
-
-
310
unemployment
-
-
-
3
health
-
-
-
167
total
-
-
-
884
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.

384
-
1 471
-
health
25
-
95
-
income
66
-
369
-
pensions
59
-
228
-
unemployment
1
-
2
-
total
151
-
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.

384
-
1 471
-
unemployment
-
-
1
-
pensions
34
-
130
-
health
26
-
98
-
total
60
-
229
-
Corporate
1 257
1 700
-
-
income
239
323
-
-
total
239
323
-
-
Dividends
1 018
1 377
-
-
withholding
153
207
-
-
total
153
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
603
530
923
884
After tax
1 097
1 170
777
816
Living cost
233
233
233
233
Free-cash
864
937
544
583

Estimated living cost  is £233 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£659
£246
£800
£1211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
405
1 700
-
-
income
89
374
-
-
total
89
374
-
-
Dividends
316
1 326
-
-
income
69
292
-
-
total
69
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 079
666
114
525
After tax
621
1 034
1 586
1 175
Living cost
375
375
375
375
Free-cash
246
659
1 211
800

Estimated living cost  is £375 per week

£243
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.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£695
£686
£627
£499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
210
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
801
Employee
399
-
1 374
-
social contributions
44
-
151
-
surtax
-
-
-
-
income
83
-
452
-
total
127
-
603
-
Employer
399
-
1 374
-
social contributions
95
-
326
-
total
95
-
326
-
Corporate
1 206
1 700
-
-
surtax
-
-
-
-
income
253
357
-
-
total
253
357
-
-
Dividends
953
1 343
-
-
withholding
267
376
-
-
total
267
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
742
733
929
801
After tax
958
967
771
899
Living cost
272
272
272
272
Free-cash
686
695
499
627

Estimated living cost  is £272 per week

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

Source of data for Lisbon model

Close
Paris , France
£437
£499
£533
£497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
income
-
-
-
283
pensions
-
-
-
287
other
-
-
-
53
health
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
48
total
-
-
-
748
Employee
543
-
1 308
-
social contributions
15
-
37
-
surtax
-
-
-
-
income
47
-
261
-
pensions
61
-
94
-
total
123
-
392
-
Employer
543
-
1 308
-
other
19
-
52
-
social contributions
2
-
4
-
unemployment
22
-
53
-
pensions
89
-
158
-
health
38
-
125
-
total
170
-
392
-
Corporate
987
1 700
-
-
surtax
-
-
-
-
income
276
476
-
-
total
276
476
-
-
Dividends
711
1 224
-
-
surtax
-
-
-
-
social contributions
122
211
-
-
withholding
91
157
-
-
total
213
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
782
844
784
748
After tax
918
856
916
952
Living cost
419
419
419
419
Free-cash
499
437
497
533

Estimated living cost  is £419 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1269
£1240
£985
£1030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
279
-
1 472
-
income
-
-
85
-
social contributions
18
-
96
-
total
18
-
181
-
Employer
279
-
1 472
-
social contributions
43
-
228
-
total
43
-
228
-
Corporate
1 378
1 700
-
-
income
138
170
-
-
total
138
170
-
-
Dividends
1 240
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
199
170
409
454
After tax
1 501
1 530
1 291
1 246
Living cost
261
261
261
261
Free-cash
1 240
1 269
1 030
985

Estimated living cost  is £261 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£190
-£190
£575
-£190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
359
pensions
-
-
-
8
national
-
-
-
205
labour market
-
-
-
135
total
-
-
-
707
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 472
1 472
1 472
707
After tax
228
228
228
993
Living cost
418
418
418
418
Free-cash
-190
-190
-190
575

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
-£49
£108
£974
£741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
income
-
-
-
479
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
539
Employee
294
-
1 542
-
health
34
-
177
-
income
40
-
370
-
pensions
33
-
66
-
total
107
-
613
-
Employer
294
-
1 542
-
accident
5
-
26
-
unemployment
7
-
38
-
pensions
48
-
95
-
total
60
-
159
-
Corporate
1 347
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.

1 212
1 530
-
-
total
1 212
1 530
-
-
Dividends
135
170
-
-
withholding
26
32
-
-
total
26
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 405
1 562
772
539
After tax
295
138
928
1 161
Living cost
187
187
187
187
Free-cash
108
-49
741
974

Estimated living cost  is £187 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£721
£746
£738
£545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
302
health
-
-
-
23
national
-
-
-
304
total
-
-
-
629
Employee
456
-
1 430
-
health
3
-
18
-
municipal
75
-
233
-
pensions
31
-
97
-
unemployment
7
-
21
-
national
8
-
184
-
total
124
-
553
-
Employer
456
-
1 430
-
accident
-
-
1
-
unemployment
3
-
9
-
pensions
79
-
248
-
health
4
-
11
-
total
86
-
269
-
Corporate
1 158
1 700
-
-
income
232
340
-
-
total
232
340
-
-
Dividends

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

695
1 020
-
-
national
54
122
-
-
municipal
125
184
-
-
total
179
306
-
-
Income
1 700
1 700
1 700
1 700
Total tax
621
646
822
629
After tax
1 079
1 054
878
1 071
Living cost
333
333
333
333
Free-cash
746
721
545
738

Estimated living cost  is £333 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1039
£991
£953
£937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
health
-
-
-
43
social contributions
-
-
-
140
total
-
-
-
546
Employee
667
667
1 596
-
social contributions
25
55
75
-
health
5
11
27
-
income
73
62
355
-
total
103
128
457
-
Employer
667
667
1 596
-
social contributions
25
55
75
-
health
6
12
30
-
total
31
67
105
-
Corporate
1 365
965
-
-
income
171
121
-
-
total
171
121
-
-
Dividends
1 195
845
-
-
withholding
203
144
-
-
total
203
144
-
-
Income
1 700
1 700
1 700
1 700
Total tax
508
460
562
546
After tax
1 192
1 240
1 138
1 154
Living cost
201
201
201
201
Free-cash
991
1 039
937
953

Estimated living cost  is £201 per week

£120
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£1270
£1225
£1302
£1128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
260
Employee

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

199
-
1 615
-
health
17
-
70
-
income
14
-
153
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
350
-
Employer

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

199
-
1 615
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 480
1 700
-
-
income
133
153
-
-
total
133
153
-
-
Dividends
1 347
1 547
-
-
withholding
121
139
-
-
total
121
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
337
292
434
260
After tax
1 363
1 408
1 266
1 440
Living cost
138
138
138
138
Free-cash
1 225
1 270
1 128
1 302

Estimated living cost  is £138 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£892
£853
£712
£677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
507
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
749
Employee
321
-
1 444
-
other
-
-
1
-
income
62
-
477
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
82
-
528
-
Employer
321
-
1 444
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 277
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.

192
255
-
-
total
192
255
-
-
Dividends
1 085
1 445
-
-
withholding
231
314
-
-
total
231
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
608
569
784
749
After tax
1 092
1 131
916
951
Living cost
239
239
239
239
Free-cash
853
892
677
712

Estimated living cost  is £239 per week

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

Close
Istanbul , Turkey
£1037
£1034
£1067
£1065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
579
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
609
Employee
36
-
1 681
-
health
2
-
4
-
income
7
-
578
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
591
-
Employer
36
-
1 681
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 656
1 700
-
-
income
364
374
-
-
total
364
374
-
-
Dividends
1 291
1 326
-
-
withholding
258
265
-
-
total
258
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
642
639
611
609
After tax
1 058
1 061
1 089
1 091
Living cost
24
24
24
24
Free-cash
1 034
1 037
1 065
1 067

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1078
£1034
£918
£918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
632
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.

226
-
1 585
-
health
12
-
33
-
income
31
-
389
-
pensions
32
-
90
-
unemployment
2
-
5
-
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.

226
-
1 585
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 434
1 700
-
-
income
215
255
-
-
total
215
255
-
-
Dividends
1 218
1 445
-
-
withholding
183
217
-
-
total
183
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
516
472
632
632
After tax
1 184
1 228
1 068
1 068
Living cost
150
150
150
150
Free-cash
1 034
1 078
918
918

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£733
£729
£665
£537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
210
surtax
-
-
-
-
social contributions

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

-
-
-
591
total
-
-
-
801
Employee
337
-
1 374
-
social contributions
37
-
151
-
surtax
-
-
-
-
income
66
-
452
-
total
103
-
603
-
Employer
337
-
1 374
-
social contributions
80
-
326
-
total
80
-
326
-
Corporate
1 283
1 700
-
-
surtax
-
-
-
-
income
270
357
-
-
total
270
357
-
-
Dividends
1 014
1 343
-
-
withholding
284
376
-
-
total
284
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
737
733
929
801
After tax
963
967
771
899
Living cost
234
234
234
234
Free-cash
729
733
537
665

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£826
£771
£646
£611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
7
income
-
-
-
507
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
749
Employee
419
-
1 444
-
other
-
-
1
-
income
87
-
477
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
113
-
528
-
Employer
419
-
1 444
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 148
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.

172
255
-
-
total
172
255
-
-
Dividends
975
1 445
-
-
withholding
206
314
-
-
total
206
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
624
569
784
749
After tax
1 076
1 131
916
951
Living cost
305
305
305
305
Free-cash
771
826
611
646

Estimated living cost  is £305 per week

£219
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
£1305
£1252
£1215
£1284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
336
Employee
198
-
1 641
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
164
-
pensions

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

17
-
27
-
total
48
-
208
-
Employer
198
-
1 641
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
1 464
1 700
-
-
income
146
170
-
-
total
146
170
-
-
Dividends
1 317
1 530
-
-
withholding
66
76
-
-
total
66
76
-
-
Income
1 700
1 700
1 700
1 700
Total tax
299
246
267
336
After tax
1 401
1 454
1 433
1 364
Living cost
149
149
149
149
Free-cash
1 252
1 305
1 284
1 215

Estimated living cost  is £149 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.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£539
£655
£545
£731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
186
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.

-
-
-
545
health

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

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

-
-
-
59
surtax

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

-
-
-
30
total
-
-
-
820
Employee

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

432
-
1 700
-
health

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

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

59
-
59
-
surtax

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

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.

35
-
545
-
total
96
-
634
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 268
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.

10
14
-
-
income
190
255
-
-
trade
182
244
-
-
chamber of commerce
3
4
-
-
total
385
517
-
-
Dividends
883
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
293
-
-
total
229
309
-
-
Income
1 700
1 700
1 700
1 700
Total tax
710
826
634
820
After tax
990
874
1 066
880
Living cost
335
335
335
335
Free-cash
655
539
731
545

Estimated living cost  is £335 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£697
£715
£381
£381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
537
social contributions
-
-
-
288
total
-
-
-
825
Employee
678
-
1 700
-
income
128
-
537
-
social contributions
56
-
288
-
total
184
-
825
-
Employer
678
-
1 700
-
total
-
-
-
-
Corporate
1 022
1 700
-
-
income
128
212
-
-
total
128
212
-
-
Dividends
894
1 488
-
-
withholding
179
297
-
-
total
179
297
-
-
Income
1 700
1 700
1 700
1 700
Total tax
491
509
825
825
After tax
1 209
1 191
875
875
Living cost
494
494
494
494
Free-cash
715
697
381
381

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£744
£774
£1072
£883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58
total
-
-
-
313
Employee
398
-
1 660
-
income
43
-
422
-
social contributions
40
-
40
-
total
83
-
462
-
Employer
398
-
1 660
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 262
1 700
-
-
income
442
595
-
-
total
442
595
-
-
Dividends
820
1 105
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 700
1 700
1 700
1 700
Total tax
611
641
502
313
After tax
1 089
1 059
1 198
1 387
Living cost
315
315
315
315
Free-cash
774
744
883
1 072

Estimated living cost  is £315 per week

£207
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
£824
£791
£639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£67
£108
£956
£723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
accident
-
-
-
2
income
-
-
-
479
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
539
Employee
323
-
1 542
-
health
37
-
177
-
income
44
-
370
-
pensions
36
-
66
-
total
117
-
613
-
Employer
323
-
1 542
-
accident
5
-
26
-
unemployment
8
-
38
-
pensions
52
-
95
-
total
65
-
159
-
Corporate
1 312
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.

1 180
1 530
-
-
total
1 180
1 530
-
-
Dividends
131
170
-
-
withholding
25
32
-
-
total
25
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 387
1 562
772
539
After tax
313
138
928
1 161
Living cost
205
205
205
205
Free-cash
108
-67
723
956

Estimated living cost  is £205 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1184
£1273
£919
£1111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
7
health insurance
-
-
-
102
income
-
-
-
283
pensions
-
-
-
255
unemployment
-
-
-
17
total
-
-
-
664
Employee

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

187
-
1 700
-
work injury
1
-
3
-
income
19
-
283
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 513
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
1 498
1 530
-
-
withholding
225
229
-
-
total
225
229
-
-
Income
1 700
1 700
1 700
1 700
Total tax
310
399
472
664
After tax
1 390
1 301
1 228
1 036
Living cost
117
117
117
117
Free-cash
1 273
1 184
1 111
919

Estimated living cost  is £117 per week

£72
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.
£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.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£549
£510
£438
£364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
municipal
-
-
-
11
regional
-
-
-
39
national
-
-
-
432
social contributions
-
-
-
434
total
-
-
-
916
Employee
731
-
1 700
-
social contributions
246
-
569
-
regional
11
-
35
-
municipal
4
-
10
-
national
124
-
376
-
total
385
-
990
-
Employer
731
-
1 700
-
total
-
-
-
-
Corporate
969
1 700
-
-
nationa
233
408
-
-
municipal
47
82
-
-
total
280
490
-
-
Dividends
690
1 210
-
-
withholding
179
315
-
-
total
179
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
844
805
990
916
After tax
856
895
710
784
Living cost
346
346
346
346
Free-cash
510
549
364
438

Estimated living cost  is £346 per week

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

Source of data for Rome model

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Estimated living cost

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