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
£ 1800
per

Your estimated
City
free-cash

Dresden , Germany
£642
£740
£639
£859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
220
income

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

-
-
-
586
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.

-
-
-
32
total
-
-
-
897
Employee

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

333
-
1 800
-
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
-
32
-
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
-
586
-
total
69
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 467
1 800
-
-
surtax

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

12
15
-
-
income
220
270
-
-
trade
231
284
-
-
chamber of commerce
3
4
-
-
total
466
573
-
-
Dividends
1 000
1 228
-
-
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.

14
17
-
-
withholding
247
304
-
-
total
261
321
-
-
Income
1 800
1 800
1 800
1 800
Total tax
796
894
677
897
After tax
1 004
906
1 123
903
Living cost
264
264
264
264
Free-cash
740
642
859
639

Estimated living cost  is £264 per week

£166
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
£683
£677
£597
£607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
199
pensions
-
-
-
216
national
-
-
-
329
social contributions
-
-
-
19
total
-
-
-
763
Employee
682
-
1 556
-
municipal
84
-
206
-
pensions
27
-
62
-
national
130
-
344
-
total
241
-
612
-
Employer
682
-
1 556
-
social contributions
7
-
17
-
pensions
55
-
124
-
total
62
-
141
-
Corporate
1 012
1 800
-
-
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%.

202
360
-
-
total
202
360
-
-
Dividends
809
1 440
-
-
withholding
178
317
-
-
total
178
317
-
-
Income
1 800
1 800
1 800
1 800
Total tax
683
677
753
763
After tax
1 117
1 123
1 047
1 037
Living cost
440
440
440
440
Free-cash
677
683
607
597

Estimated living cost  is £440 per week

£299
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
£1259
£1188
£464
£593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
microenterprise
-
-
-
-
income
-
-
-
363
surtax
-
-
-
459
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.

-
-
-
333
total
-
-
-
1 155
Employee
254
-
1 397
-
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
-
-
202
-
income
45
-
306
-
total
73
-
622
-
Employer
254
-
1 397
-
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
-
250
-
surtax
-
-
154
-
total
61
-
404
-
Corporate
1 484
1 800
-
-
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%.

297
360
-
-
total
297
360
-
-
Dividends

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

1 188
1 440
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
431
360
1 026
1 155
After tax
1 369
1 440
774
645
Living cost
181
181
181
181
Free-cash
1 188
1 259
593
464

Estimated living cost  is £181 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
£529
£476
£610
£787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
616
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
825
Employee
743
743
1 638
-
health
114
97
107
-
income

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

122
122
278
-
pensions
134
102
102
-
total
370
321
487
-
Employer
743
743
1 638
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
936
927
-
-
income
187
185
-
-
total
187
185
-
-
Dividends
749
741
-
-
income
159
158
-
-
withholding
112
111
-
-
total
271
269
-
-
Income
1 800
1 800
1 800
1 800
Total tax
959
906
648
825
After tax
841
894
1 152
975
Living cost
365
365
365
365
Free-cash
476
529
787
610

Estimated living cost  is £365 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£647
£639
£568
£561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
473
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
209
total
-
-
-
896
Employee
479
-
1 568
-
municipal
143
-
468
-
national
-
-
204
-
total
143
-
672
-
Employer
479
-
1 568
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
1 170
1 800
-
-
income
257
396
-
-
total
257
396
-
-
Dividends
913
1 404
-
-
withholding
274
421
-
-
total
274
421
-
-
Income
1 800
1 800
1 800
1 800
Total tax
825
817
903
896
After tax
975
983
897
904
Living cost
336
336
336
336
Free-cash
639
647
561
568

Estimated living cost  is £336 per week

£223
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
£556
£679
£551
£781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
230
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.

-
-
-
586
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.

-
-
-
32
total
-
-
-
907
Employee

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

441
-
1 800
-
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
-
32
-
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
-
586
-
total
99
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 359
1 800
-
-
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
-
-
income
204
270
-
-
trade
224
296
-
-
chamber of commerce
3
4
-
-
total
442
585
-
-
Dividends
917
1 215
-
-
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
17
-
-
withholding
226
300
-
-
total
238
317
-
-
Income
1 800
1 800
1 800
1 800
Total tax
779
902
677
907
After tax
1 021
898
1 123
893
Living cost
342
342
342
342
Free-cash
679
556
781
551

Estimated living cost  is £342 per week

£229
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
£1030
£993
£935
£920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
396
health
-
-
-
46
social contributions
-
-
-
141
total
-
-
-
583
Employee
669
669
1 694
-
social contributions
33
56
75
-
health
7
11
29
-
income
70
62
388
-
total
110
129
492
-
Employer
669
669
1 694
-
social contributions
33
56
75
-
health
7
12
31
-
total
40
68
106
-
Corporate
1 369
1 063
-
-
income
171
133
-
-
total
171
133
-
-
Dividends
1 197
930
-
-
withholding
204
158
-
-
total
204
158
-
-
Income
1 800
1 800
1 800
1 800
Total tax
525
488
598
583
After tax
1 275
1 312
1 202
1 217
Living cost
282
282
282
282
Free-cash
993
1 030
920
935

Estimated living cost  is £282 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£854
£856
£1089
£885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
220
pensions
-
-
-
180
unemployment
-
-
-
27
health
-
-
-
126
total
-
-
-
553
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.

228
91
1 506
-
health
16
6
105
-
income
28
11
184
-
pensions
23
9
151
-
unemployment
3
1
23
-
total
70
27
463
-
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.

228
91
1 506
-
pensions
45
18
294
-
total
45
18
294
-
Corporate
1 527
1 691
-
-
income
137
152
-
-
total
137
152
-
-
Dividends
1 390
1 539
-
-
social contributions
270
299
-
-
withholding
264
292
-
-
total
534
591
-
-
Income
1 800
1 800
1 800
1 800
Total tax
786
788
757
553
After tax
1 014
1 012
1 043
1 247
Living cost
158
158
158
158
Free-cash
856
854
885
1 089

Estimated living cost  is £158 per week

£108
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
£1230
£1176
£755
£827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
241
pensions
-
-
-
360
health
-
-
-
234
total
-
-
-
835
Employee
247
-
1 345
-
income
28
-
259
-
pensions
5
-
27
-
unemployment
4
-
22
-
total
37
-
308
-
Employer
247
-
1 345
-
unemployment
2
-
11
-
pensions
49
-
269
-
health
32
-
175
-
total
83
-
455
-
Corporate
1 470
1 800
-
-
income
294
360
-
-
total
294
360
-
-
Dividends
1 176
1 440
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
414
360
763
835
After tax
1 386
1 440
1 037
965
Living cost
210
210
210
210
Free-cash
1 176
1 230
827
755

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.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£44
£117
£1040
£799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
2
income
-
-
-
510
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
570
Employee
299
-
1 637
-
health
34
-
187
-
income
41
-
396
-
pensions
34
-
66
-
total
109
-
649
-
Employer
299
-
1 637
-
accident
5
-
27
-
unemployment
7
-
40
-
pensions
49
-
95
-
total
61
-
162
-
Corporate
1 440
1 800
-
-
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.

1 296
1 620
-
-
total
1 296
1 620
-
-
Dividends
144
180
-
-
withholding
27
34
-
-
total
27
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 493
1 654
811
570
After tax
307
146
989
1 230
Living cost
190
190
190
190
Free-cash
117
-44
799
1 040

Estimated living cost  is £190 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1632
£1617
£1704
£1362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 800
microenterprise

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

-
-
-
18
total
-
-
-
18
Employee
98
-
1 800
-
income
20
-
360
-
total
20
-
360
-
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%.

1 702
1 800
-
-
total
-
-
-
-
Dividends
1 702
1 800
-
-
withholding
85
90
-
-
total
85
90
-
-
Income
1 800
1 800
1 800
1 800
Total tax
105
90
360
18
After tax
1 695
1 710
1 440
1 782
Living cost
78
78
78
78
Free-cash
1 617
1 632
1 362
1 704

Estimated living cost  is £78 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
£1090
£1032
£825
£810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
304
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.

-
-
-
318
other
-
-
-
63
health
-
-
-
58
total
-
-
-
743
Employee
316
-
1 465
-
health
4
-
19
-
income
54
-
298
-
pensions

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

22
-
93
-
unemployment
3
-
13
-
total
83
-
423
-
Employer
316
-
1 465
-
accident
3
-
12
-
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
-
225
-
health
4
-
19
-
total
80
-
335
-
Corporate
1 404
1 800
-
-
income
295
378
-
-
total
295
378
-
-
Dividends
1 110
1 422
-
-
withholding
78
100
-
-
total
78
100
-
-
Income
1 800
1 800
1 800
1 800
Total tax
536
478
758
743
After tax
1 264
1 322
1 042
1 057
Living cost
232
232
232
232
Free-cash
1 032
1 090
810
825

Estimated living cost  is £232 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£566
£634
£590
£428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
542
pensions
-
-
-
84
total
-
-
-
626
Employee
826
-
1 570
-
health
14
-
22
-
income
149
-
435
-
pensions
80
-
101
-
total
243
-
558
-
Employer
826
-
1 570
-
pensions
98
-
200
-
health
16
-
30
-
total
114
-
230
-
Corporate
860
1 800
-
-
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.

164
342
-
-
total
164
342
-
-
Dividends
697
1 458
-
-
withholding
61
308
-
-
total
61
308
-
-
Income
1 800
1 800
1 800
1 800
Total tax
582
650
788
626
After tax
1 218
1 150
1 012
1 174
Living cost
584
584
584
584
Free-cash
634
566
428
590

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
£1425
£1384
£1335
£1408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
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
-
-
-
351
Employee
151
-
1 740
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
174
-
pensions

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

13
-
27
-
total
37
-
218
-
Employer
151
-
1 740
-
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
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 619
1 800
-
-
income
162
180
-
-
total
162
180
-
-
Dividends
1 457
1 620
-
-
withholding
73
81
-
-
total
73
81
-
-
Income
1 800
1 800
1 800
1 800
Total tax
302
261
278
351
After tax
1 498
1 539
1 522
1 449
Living cost
114
114
114
114
Free-cash
1 384
1 425
1 408
1 335

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£411
£434
£492
£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
-
-
-
1 800
income
-
-
-
616
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
825
Employee
807
743
1 638
-
health
101
97
107
-
income

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

122
122
278
-
pensions
102
102
102
-
total
325
321
487
-
Employer
807
743
1 638
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
852
927
-
-
income
170
185
-
-
total
170
185
-
-
Dividends
682
741
-
-
income
145
158
-
-
withholding
102
111
-
-
total
247
269
-
-
Income
1 800
1 800
1 800
1 800
Total tax
883
906
648
825
After tax
917
894
1 152
975
Living cost
483
483
483
483
Free-cash
434
411
669
492

Estimated living cost  is £483 per week

£356
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
£1031
£956
£844
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
189
health
-
-
-
243
solidarity contribution
-
-
-
16
social contributions
-
-
-
300
total
-
-
-
748
Employee
307
-
1 416
-
social contributions
20
-
67
-
health
41
-
191
-
solidarity contribution
-
-
9
-
income
37
-
174
-
total
98
-
441
-
Employer
307
-
1 416
-
social contributions
77
-
257
-
health
28
-
127
-
total
105
-
384
-
Corporate
1 389
1 800
-
-
income
264
342
-
-
total
264
342
-
-
Dividends
1 125
1 458
-
-
withholding
169
219
-
-
total
169
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
636
561
825
748
After tax
1 164
1 239
975
1 052
Living cost
208
208
208
208
Free-cash
956
1 031
767
844

Estimated living cost  is £208 per week

£145
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.
£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 Brno model

Close
Milan , Italy
£594
£549
£490
£416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
11
regional
-
-
-
22
national
-
-
-
474
social contributions
-
-
-
436
total
-
-
-
943
Employee
773
-
1 800
-
social contributions
261
-
571
-
regional
7
-
20
-
municipal
4
-
10
-
national
134
-
416
-
total
406
-
1 017
-
Employer
773
-
1 800
-
total
-
-
-
-
Corporate
1 027
1 800
-
-
nationa
246
432
-
-
municipal
40
70
-
-
total
286
502
-
-
Dividends
740
1 298
-
-
withholding
192
337
-
-
total
192
337
-
-
Income
1 800
1 800
1 800
1 800
Total tax
884
839
1 017
943
After tax
916
961
783
857
Living cost
367
367
367
367
Free-cash
549
594
416
490

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£940
£915
£657
£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
-
-
-
1 800
income
-
-
-
545
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
90
total
-
-
-
951
Employee
288
-
1 556
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
79
-
income
48
-
493
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
760
-
Employer
288
-
1 556
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
1 452
1 800
-
-
income
377
468
-
-
total
377
468
-
-
Dividends
1 074
1 332
-
-
withholding
161
200
-
-
total
161
200
-
-
Income
1 800
1 800
1 800
1 800
Total tax
693
668
1 005
951
After tax
1 107
1 132
795
849
Living cost
192
192
192
192
Free-cash
915
940
603
657

Estimated living cost  is £192 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
£751
£808
£775
£613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
542
pensions
-
-
-
84
total
-
-
-
626
Employee
554
-
1 570
-
health
8
-
22
-
income
100
-
435
-
pensions
47
-
101
-
total
155
-
558
-
Employer
554
-
1 570
-
pensions
60
-
200
-
health
11
-
30
-
total
71
-
230
-
Corporate
1 176
1 800
-
-
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.

223
342
-
-
total
223
342
-
-
Dividends
952
1 458
-
-
withholding
144
308
-
-
total
144
308
-
-
Income
1 800
1 800
1 800
1 800
Total tax
593
650
788
626
After tax
1 207
1 150
1 012
1 174
Living cost
399
399
399
399
Free-cash
808
751
613
775

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
£165
£446
£777
£707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
city
-
-
-
19
pensions
-
-
-
166
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.

-
-
-
36
regional
-
-
-
98
health
-
-
-
4
national
-
-
-
42
total
-
-
-
365
Employee
770
-
1 617
-
city
8
-
17
-
regional
25
-
86
-
health
2
-
4
-
pensions
65
-
129
-
unemployment
-
-
-
-
national
4
-
34
-
total
104
-
270
-
Employer
770
-
1 617
-
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.

15
-
32
-
unemployment
-
-
-
-
pensions
65
-
129
-
health
2
-
4
-
total
82
-
165
-
Corporate
940
1 800
-
-
regional
199
381
-
-
national
80
153
-
-
total
279
534
-
-
Dividends
661
1 266
-
-
withholding
231
443
-
-
total
231
443
-
-
Income
1 800
1 800
1 800
1 800
Total tax
696
977
435
365
After tax
1 104
823
1 365
1 435
Living cost
658
658
658
658
Free-cash
446
165
707
777

Estimated living cost  is £658 per week

£428
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.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£490
£631
£485
£724
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
239
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.

-
-
-
586
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.

-
-
-
32
total
-
-
-
916
Employee

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

523
-
1 800
-
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
-
32
-
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
-
586
-
total
123
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 277
1 800
-
-
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
-
-
income
192
270
-
-
trade
219
309
-
-
chamber of commerce
3
4
-
-
total
425
598
-
-
Dividends
853
1 203
-
-
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
210
297
-
-
total
222
313
-
-
Income
1 800
1 800
1 800
1 800
Total tax
770
911
677
916
After tax
1 030
889
1 123
884
Living cost
399
399
399
399
Free-cash
631
490
724
485

Estimated living cost  is £399 per week

£291
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
£609
£661
£702
£659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
314
pensions
-
-
-
295
other
-
-
-
56
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
800
Employee
372
-
1 380
-
social contributions
11
-
39
-
surtax
-
-
-
-
income
22
-
283
-
pensions
42
-
101
-
total
75
-
423
-
Employer
372
-
1 380
-
other
13
-
56
-
social contributions
1
-
4
-
unemployment
15
-
56
-
pensions
61
-
170
-
health
26
-
134
-
total
116
-
420
-
Corporate
1 311
1 800
-
-
surtax
-
-
-
-
income
367
504
-
-
total
367
504
-
-
Dividends
944
1 296
-
-
surtax
-
-
-
-
social contributions
162
223
-
-
withholding
121
166
-
-
total
283
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
841
893
843
800
After tax
959
907
957
1 000
Living cost
298
298
298
298
Free-cash
661
609
659
702

Estimated living cost  is £298 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£639
£688
£732
£689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
314
pensions
-
-
-
295
other
-
-
-
56
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
800
Employee
332
-
1 380
-
social contributions
9
-
39
-
surtax
-
-
-
-
income
17
-
283
-
pensions
38
-
101
-
total
64
-
423
-
Employer
332
-
1 380
-
other
11
-
56
-
social contributions
1
-
4
-
unemployment
13
-
56
-
pensions
55
-
170
-
health
23
-
134
-
total
103
-
420
-
Corporate
1 364
1 800
-
-
surtax
-
-
-
-
income
382
504
-
-
total
382
504
-
-
Dividends
982
1 296
-
-
surtax
-
-
-
-
social contributions
169
223
-
-
withholding
126
166
-
-
total
295
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
844
893
843
800
After tax
956
907
957
1 000
Living cost
268
268
268
268
Free-cash
688
639
689
732

Estimated living cost  is £268 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£913
£918
£971
£926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
health
-
-
-
126
social contributions
-
-
-
248
total
-
-
-
644
Employee
295
-
1 800
-
social contributions
41
-
248
-
health
21
-
126
-
income
49
-
315
-
total
111
-
689
-
Employer
295
-
1 800
-
total
-
-
-
-
Corporate
1 505
1 800
-
-
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%.

75
90
-
-
total
75
90
-
-
Dividends
1 430
1 710
-
-
health
100
119
-
-
social contributions
197
236
-
-
withholding
214
257
-
-
total
511
612
-
-
Income
1 800
1 800
1 800
1 800
Total tax
697
702
689
644
After tax
1 103
1 098
1 111
1 156
Living cost
185
185
185
185
Free-cash
918
913
926
971

Estimated living cost  is £185 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
£687
£671
£618
£166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
chamber of commerce
-
-
-
7
income
-
-
-
547
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
875
Employee
435
347
1 472
-
other
4
3
10
-
health
17
13
39
-
income
50
26
455
-
pensions
45
36
104
-
unemployment
13
10
31
-
total
129
88
639
-
Employer
435
347
1 472
-
accident
6
5
13
-
other
21
16
66
-
chamber of commerce
2
1
6
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
44
-
health
16
13
38
-
total
128
101
328
-
Corporate
1 238
1 352
1 439
-
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.

310
338
360
-
total
310
338
360
-
Dividends
929
1 014
-
-
withholding
255
279
-
-
total
255
279
-
-
Income
1 800
1 800
1 800
1 800
Total tax
822
806
1 327
875
After tax
978
994
473
925
Living cost
307
307
307
307
Free-cash
671
687
166
618

Estimated living cost  is £307 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£680
£560
£465
£301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
national
-
-
-
706
communal

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

-
-
-
95
social contributions
-
-
-
217
total
-
-
-
1 018
Employee

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

622
-
1 394
-
communal

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

32
-
73
-
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
-
66
-
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
-
105
-
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
-
12
-
national
191
-
520
-
total
304
-
776
-
Employer

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

622
-
1 394
-
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
-
18
-
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
-
20
-
surtax
71
-
158
-
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
-
124
-
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
-
86
-
total
181
-
406
-
Corporate
996
1 800
-
-
surtax
4
7
-
-
income
199
373
-
-
total
203
380
-
-
Dividends
793
1 419
-
-
withholding

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

235
423
-
-
total
235
423
-
-
Income
1 800
1 800
1 800
1 800
Total tax
923
803
1 182
1 018
After tax
877
997
618
782
Living cost
317
317
317
317
Free-cash
560
680
301
465

Estimated living cost  is £317 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
£883
£824
£693
£657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
7
income
-
-
-
551
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
793
Employee
433
-
1 543
-
other
-
-
1
-
income
91
-
521
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
573
-
Employer
433
-
1 543
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 229
1 800
-
-
income

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

184
270
-
-
total
184
270
-
-
Dividends
1 044
1 530
-
-
withholding
222
333
-
-
total
222
333
-
-
Income
1 800
1 800
1 800
1 800
Total tax
662
603
829
793
After tax
1 138
1 197
971
1 007
Living cost
314
314
314
314
Free-cash
824
883
657
693

Estimated living cost  is £314 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
£559
£441
£387
£458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
15
income
-
-
-
326
pensions
-
-
-
270
health
-
-
-
126
surtax
-
-
-
89
communal
-
-
-
114
total
-
-
-
940
Employee
659
-
1 608
-
health
29
-
72
-
surtax
40
-
99
-
income
64
-
377
-
pensions
53
-
129
-
total
186
-
677
-
Employer
659
-
1 608
-
accident
6
-
14
-
pensions
53
-
129
-
health
20
-
49
-
total
79
-
192
-
Corporate
1 062
1 800
-
-
surtax
11
19
-
-
communal
72
122
-
-
income
159
270
-
-
total
242
411
-
-
Dividends
820
1 390
-
-
income
256
149
-
-
withholding
123
208
-
-
total
379
357
-
-
Income
1 800
1 800
1 800
1 800
Total tax
886
768
869
940
After tax
914
1 032
931
860
Living cost
473
473
473
473
Free-cash
441
559
458
387

Estimated living cost  is £473 per week

£355
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
£937
£911
£654
£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
-
-
-
1 800
income
-
-
-
545
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
90
total
-
-
-
951
Employee
293
-
1 556
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
79
-
income
49
-
493
-
pensions
20
-
77
-
unemployment
20
-
81
-
total
97
-
760
-
Employer
293
-
1 556
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
1 445
1 800
-
-
income
376
468
-
-
total
376
468
-
-
Dividends
1 069
1 332
-
-
withholding
160
200
-
-
total
160
200
-
-
Income
1 800
1 800
1 800
1 800
Total tax
694
668
1 005
951
After tax
1 106
1 132
795
849
Living cost
195
195
195
195
Free-cash
911
937
600
654

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
£713
£694
£617
£544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
11
regional
-
-
-
28
national
-
-
-
474
social contributions
-
-
-
436
total
-
-
-
949
Employee
483
-
1 800
-
social contributions
163
-
571
-
regional
6
-
25
-
municipal
3
-
10
-
national
76
-
416
-
total
248
-
1 022
-
Employer
483
-
1 800
-
total
-
-
-
-
Corporate
1 317
1 800
-
-
nationa
316
432
-
-
municipal
65
89
-
-
total
381
521
-
-
Dividends
936
1 279
-
-
withholding
243
332
-
-
total
243
332
-
-
Income
1 800
1 800
1 800
1 800
Total tax
872
853
1 022
949
After tax
928
947
778
851
Living cost
234
234
234
234
Free-cash
694
713
544
617

Estimated living cost  is £234 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£982
£891
£795
£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
-
-
-
1 800
income
-
-
-
189
health
-
-
-
243
solidarity contribution
-
-
-
16
social contributions
-
-
-
300
total
-
-
-
748
Employee
378
-
1 416
-
social contributions
25
-
67
-
health
51
-
191
-
solidarity contribution
-
-
9
-
income
45
-
174
-
total
121
-
441
-
Employer
378
-
1 416
-
social contributions
94
-
257
-
health
34
-
127
-
total
128
-
384
-
Corporate
1 294
1 800
-
-
income
246
342
-
-
total
246
342
-
-
Dividends
1 048
1 458
-
-
withholding
157
219
-
-
total
157
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
652
561
825
748
After tax
1 148
1 239
975
1 052
Living cost
257
257
257
257
Free-cash
891
982
718
795

Estimated living cost  is £257 per week

£191
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
£718
£712
£649
£196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
chamber of commerce
-
-
-
7
income
-
-
-
547
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
873
Employee
380
347
1 474
-
other
4
3
10
-
health
15
13
39
-
income
34
26
456
-
pensions
39
36
104
-
unemployment
11
10
31
-
total
103
88
640
-
Employer
380
347
1 474
-
accident
5
5
13
-
other
18
16
66
-
chamber of commerce
2
1
6
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
44
-
health
14
13
38
-
total
109
99
326
-
Corporate
1 310
1 353
1 441
-
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.

328
338
360
-
total
328
338
360
-
Dividends
983
1 015
-
-
withholding
270
279
-
-
total
270
279
-
-
Income
1 800
1 800
1 800
1 800
Total tax
810
804
1 326
873
After tax
990
996
474
927
Living cost
278
278
278
278
Free-cash
712
718
196
649

Estimated living cost  is £278 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1588
£1566
£1660
£1318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 800
microenterprise

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

-
-
-
18
total
-
-
-
18
Employee
152
-
1 800
-
income
30
-
360
-
total
30
-
360
-
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%.

1 648
1 800
-
-
total
-
-
-
-
Dividends
1 648
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
1 800
1 800
1 800
1 800
Total tax
112
90
360
18
After tax
1 688
1 710
1 440
1 782
Living cost
122
122
122
122
Free-cash
1 566
1 588
1 318
1 660

Estimated living cost  is £122 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.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1006
£933
£619
£580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
439
pensions
-
-
-
329
unemployment
-
-
-
3
health
-
-
-
177
total
-
-
-
948
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.

385
-
1 557
-
health
25
-
101
-
income
66
-
400
-
pensions
60
-
241
-
unemployment
1
-
2
-
total
152
-
744
-
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.

385
-
1 557
-
unemployment
-
-
1
-
pensions
34
-
138
-
health
26
-
104
-
total
60
-
243
-
Corporate
1 355
1 800
-
-
income
257
342
-
-
total
257
342
-
-
Dividends
1 098
1 458
-
-
withholding
165
219
-
-
total
165
219
-
-
Income
1 800
1 800
1 800
1 800
Total tax
634
561
987
948
After tax
1 166
1 239
813
852
Living cost
233
233
233
233
Free-cash
933
1 006
580
619

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
£719
£305
£868
£1310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
351
social contributions
-
-
-
205
total
-
-
-
556
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
501
1 800
-
-
income
110
396
-
-
total
110
396
-
-
Dividends
391
1 404
-
-
income
86
309
-
-
total
86
309
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 119
705
114
556
After tax
681
1 095
1 686
1 244
Living cost
376
376
376
376
Free-cash
305
719
1 310
868

Estimated living cost  is £376 per week

£244
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
£751
£742
£673
£538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
228
surtax
-
-
-
-
social contributions

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

-
-
-
626
total
-
-
-
854
Employee
400
-
1 455
-
social contributions
44
-
160
-
surtax
-
-
-
-
income
83
-
484
-
total
127
-
644
-
Employer
400
-
1 455
-
social contributions
95
-
345
-
total
95
-
345
-
Corporate
1 305
1 800
-
-
surtax
-
-
-
-
income
274
378
-
-
total
274
378
-
-
Dividends
1 031
1 422
-
-
withholding
289
398
-
-
total
289
398
-
-
Income
1 800
1 800
1 800
1 800
Total tax
785
776
989
854
After tax
1 015
1 024
811
946
Living cost
273
273
273
273
Free-cash
742
751
538
673

Estimated living cost  is £273 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
£487
£545
£580
£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
-
-
-
1 800
income
-
-
-
314
pensions
-
-
-
295
other
-
-
-
56
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
51
total
-
-
-
800
Employee
545
-
1 380
-
social contributions
16
-
39
-
surtax
-
-
-
-
income
48
-
283
-
pensions
62
-
101
-
total
126
-
423
-
Employer
545
-
1 380
-
other
19
-
56
-
social contributions
2
-
4
-
unemployment
22
-
56
-
pensions
90
-
170
-
health
38
-
134
-
total
171
-
420
-
Corporate
1 085
1 800
-
-
surtax
-
-
-
-
income
304
504
-
-
total
304
504
-
-
Dividends
781
1 296
-
-
surtax
-
-
-
-
social contributions
134
223
-
-
withholding
100
166
-
-
total
234
389
-
-
Income
1 800
1 800
1 800
1 800
Total tax
835
893
843
800
After tax
965
907
957
1 000
Living cost
420
420
420
420
Free-cash
545
487
537
580

Estimated living cost  is £420 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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1358
£1329
£1054
£1102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
88
social contributions
-
-
-
396
total
-
-
-
484
Employee
280
-
1 558
-
income
-
-
93
-
social contributions
18
-
101
-
total
18
-
194
-
Employer
280
-
1 558
-
social contributions
43
-
242
-
total
43
-
242
-
Corporate
1 477
1 800
-
-
income
148
180
-
-
total
148
180
-
-
Dividends
1 329
1 620
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
209
180
436
484
After tax
1 591
1 620
1 364
1 316
Living cost
262
262
262
262
Free-cash
1 329
1 358
1 102
1 054

Estimated living cost  is £262 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
-£97
-£97
£627
-£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
383
pensions
-
-
-
8
national
-
-
-
220
labour market
-
-
-
143
total
-
-
-
754
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 478
1 478
1 478
754
After tax
322
322
322
1 046
Living cost
419
419
419
419
Free-cash
-97
-97
-97
627

Estimated living cost  is £419 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£42
£118
£1042
£801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
2
income
-
-
-
510
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
570
Employee
295
-
1 637
-
health
34
-
187
-
income
40
-
396
-
pensions
33
-
66
-
total
107
-
649
-
Employer
295
-
1 637
-
accident
5
-
27
-
unemployment
7
-
40
-
pensions
48
-
95
-
total
60
-
162
-
Corporate
1 445
1 800
-
-
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.

1 300
1 620
-
-
total
1 300
1 620
-
-
Dividends
144
180
-
-
withholding
27
34
-
-
total
27
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 494
1 654
811
570
After tax
306
146
989
1 230
Living cost
188
188
188
188
Free-cash
118
-42
801
1 042

Estimated living cost  is £188 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
£778
£804
£788
£580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 800
municipal
-
-
-
320
health
-
-
-
24
national
-
-
-
334
total
-
-
-
678
Employee
458
-
1 514
-
health
3
-
20
-
municipal
75
-
247
-
pensions
31
-
102
-
unemployment
7
-
23
-
national
8
-
207
-
total
124
-
599
-
Employer
458
-
1 514
-
accident
-
-
2
-
unemployment
3
-
10
-
pensions
79
-
263
-
health
4
-
12
-
total
86
-
287
-
Corporate
1 256
1 800
-
-
income
251
360
-
-
total
251
360
-
-
Dividends

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

753
1 080
-
-
national
65
134
-
-
municipal
136
194
-
-
total
201
328
-
-
Income
1 800
1 800
1 800
1 800
Total tax
662
688
886
678
After tax
1 138
1 112
914
1 122
Living cost
334
334
334
334
Free-cash
804
778
580
788

Estimated living cost  is £334 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
£1111
£1064
£1016
£1001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
396
health
-
-
-
46
social contributions
-
-
-
141
total
-
-
-
583
Employee
669
669
1 694
-
social contributions
25
56
75
-
health
5
11
29
-
income
73
62
388
-
total
103
129
492
-
Employer
669
669
1 694
-
social contributions
25
56
75
-
health
6
12
31
-
total
31
68
106
-
Corporate
1 464
1 063
-
-
income
183
133
-
-
total
183
133
-
-
Dividends
1 281
930
-
-
withholding
218
158
-
-
total
218
158
-
-
Income
1 800
1 800
1 800
1 800
Total tax
535
488
598
583
After tax
1 265
1 312
1 202
1 217
Living cost
201
201
201
201
Free-cash
1 064
1 111
1 001
1 016

Estimated living cost  is £201 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1353
£1308
£1391
£1215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 800
income
-
-
-
185
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
271
Employee

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

200
-
1 715
-
health
17
-
70
-
income
14
-
164
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
362
-
Employer

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

200
-
1 715
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
1 580
1 800
-
-
income
142
162
-
-
total
142
162
-
-
Dividends
1 438
1 638
-
-
withholding
129
147
-
-
total
129
147
-
-
Income
1 800
1 800
1 800
1 800
Total tax
354
309
447
271
After tax
1 446
1 491
1 353
1 529
Living cost
138
138
138
138
Free-cash
1 308
1 353
1 215
1 391

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
£958
£920
£768
£732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
7
income
-
-
-
551
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
793
Employee
322
-
1 543
-
other
-
-
1
-
income
62
-
521
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
573
-
Employer
322
-
1 543
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 376
1 800
-
-
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.

206
270
-
-
total
206
270
-
-
Dividends
1 169
1 530
-
-
withholding
250
333
-
-
total
250
333
-
-
Income
1 800
1 800
1 800
1 800
Total tax
641
603
829
793
After tax
1 159
1 197
971
1 007
Living cost
239
239
239
239
Free-cash
920
958
732
768

Estimated living cost  is £239 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1099
£1096
£1132
£1130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
614
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
644
Employee
36
-
1 780
-
health
2
-
4
-
income
7
-
613
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
626
-
Employer
36
-
1 780
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 756
1 800
-
-
income
386
396
-
-
total
386
396
-
-
Dividends
1 369
1 404
-
-
withholding
274
281
-
-
total
274
281
-
-
Income
1 800
1 800
1 800
1 800
Total tax
680
677
646
644
After tax
1 120
1 123
1 154
1 156
Living cost
24
24
24
24
Free-cash
1 096
1 099
1 130
1 132

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
£1150
£1106
£992
£992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
414
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
657
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.

227
-
1 685
-
health
12
-
33
-
income
31
-
414
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
542
-
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.

227
-
1 685
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 532
1 800
-
-
income
230
270
-
-
total
230
270
-
-
Dividends
1 303
1 530
-
-
withholding
195
229
-
-
total
195
229
-
-
Income
1 800
1 800
1 800
1 800
Total tax
543
499
657
657
After tax
1 257
1 301
1 143
1 143
Living cost
150
150
150
150
Free-cash
1 106
1 150
992
992

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
£789
£786
£711
£576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
228
surtax
-
-
-
-
social contributions

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

-
-
-
626
total
-
-
-
854
Employee
338
-
1 455
-
social contributions
37
-
160
-
surtax
-
-
-
-
income
66
-
484
-
total
103
-
644
-
Employer
338
-
1 455
-
social contributions
80
-
345
-
total
80
-
345
-
Corporate
1 382
1 800
-
-
surtax
-
-
-
-
income
290
378
-
-
total
290
378
-
-
Dividends
1 092
1 422
-
-
withholding
306
398
-
-
total
306
398
-
-
Income
1 800
1 800
1 800
1 800
Total tax
779
776
989
854
After tax
1 021
1 024
811
946
Living cost
235
235
235
235
Free-cash
786
789
576
711

Estimated living cost  is £235 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
£891
£834
£701
£665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
7
income
-
-
-
551
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
793
Employee
420
-
1 543
-
other
-
-
1
-
income
88
-
521
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
573
-
Employer
420
-
1 543
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 246
1 800
-
-
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.

187
270
-
-
total
187
270
-
-
Dividends
1 059
1 530
-
-
withholding
225
333
-
-
total
225
333
-
-
Income
1 800
1 800
1 800
1 800
Total tax
660
603
829
793
After tax
1 140
1 197
971
1 007
Living cost
306
306
306
306
Free-cash
834
891
665
701

Estimated living cost  is £306 per week

£220
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
£1389
£1337
£1299
£1372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
270
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
-
-
-
351
Employee
198
-
1 740
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
174
-
pensions

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

17
-
27
-
total
48
-
218
-
Employer
198
-
1 740
-
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
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 563
1 800
-
-
income
156
180
-
-
total
156
180
-
-
Dividends
1 406
1 620
-
-
withholding
70
81
-
-
total
70
81
-
-
Income
1 800
1 800
1 800
1 800
Total tax
313
261
278
351
After tax
1 487
1 539
1 522
1 449
Living cost
150
150
150
150
Free-cash
1 337
1 389
1 372
1 299

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£590
£705
£587
£787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
trade
-
-
-
200
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.

-
-
-
586
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.

-
-
-
32
total
-
-
-
877
Employee

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

433
-
1 800
-
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
-
32
-
income

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

36
-
586
-
total
97
-
677
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 367
1 800
-
-
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
-
-
income
205
270
-
-
trade
196
258
-
-
chamber of commerce
3
4
-
-
total
415
547
-
-
Dividends
951
1 253
-
-
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
17
-
-
withholding
234
310
-
-
total
247
327
-
-
Income
1 800
1 800
1 800
1 800
Total tax
759
874
677
877
After tax
1 041
926
1 123
923
Living cost
336
336
336
336
Free-cash
705
590
787
587

Estimated living cost  is £336 per week

£232
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
£764
£783
£422
£422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
576
social contributions
-
-
-
306
total
-
-
-
882
Employee
681
-
1 800
-
income
128
-
576
-
social contributions
57
-
306
-
total
185
-
882
-
Employer
681
-
1 800
-
total
-
-
-
-
Corporate
1 119
1 800
-
-
income
140
225
-
-
total
140
225
-
-
Dividends
979
1 575
-
-
withholding
196
315
-
-
total
196
315
-
-
Income
1 800
1 800
1 800
1 800
Total tax
521
540
882
882
After tax
1 279
1 260
918
918
Living cost
496
496
496
496
Free-cash
783
764
422
422

Estimated living cost  is £496 per week

£377
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
£808
£839
£1156
£948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
income
-
-
-
270
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
-
-
-
328
Employee
399
-
1 760
-
income
43
-
456
-
social contributions
40
-
40
-
total
83
-
496
-
Employer
399
-
1 760
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 361
1 800
-
-
income
476
630
-
-
total
476
630
-
-
Dividends
885
1 170
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 800
1 800
1 800
1 800
Total tax
645
676
536
328
After tax
1 155
1 124
1 264
1 472
Living cost
316
316
316
316
Free-cash
839
808
948
1 156

Estimated living cost  is £316 per week

£208
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
£826
£878
£850
£688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
income
-
-
-
542
pensions
-
-
-
84
total
-
-
-
626
Employee
445
-
1 570
-
health
6
-
22
-
income
81
-
435
-
pensions
34
-
101
-
total
121
-
558
-
Employer
445
-
1 570
-
pensions
45
-
200
-
health
8
-
30
-
total
53
-
230
-
Corporate
1 301
1 800
-
-
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.

247
342
-
-
total
247
342
-
-
Dividends
1 054
1 458
-
-
withholding
177
308
-
-
total
177
308
-
-
Income
1 800
1 800
1 800
1 800
Total tax
598
650
788
626
After tax
1 202
1 150
1 012
1 174
Living cost
324
324
324
324
Free-cash
878
826
688
850

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
-£60
£115
£1024
£783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
accident
-
-
-
2
income
-
-
-
510
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
570
Employee
324
-
1 637
-
health
37
-
187
-
income
44
-
396
-
pensions
36
-
66
-
total
117
-
649
-
Employer
324
-
1 637
-
accident
5
-
27
-
unemployment
8
-
40
-
pensions
53
-
95
-
total
66
-
162
-
Corporate
1 410
1 800
-
-
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.

1 269
1 620
-
-
total
1 269
1 620
-
-
Dividends
141
180
-
-
withholding
27
34
-
-
total
27
34
-
-
Income
1 800
1 800
1 800
1 800
Total tax
1 479
1 654
811
570
After tax
321
146
989
1 230
Living cost
206
206
206
206
Free-cash
115
-60
783
1 024

Estimated living cost  is £206 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
£1259
£1232
£998
£1191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 800
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
301
pensions
-
-
-
256
unemployment
-
-
-
17
total
-
-
-
684
Employee

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

188
-
1 800
-
work injury
1
-
3
-
income
19
-
301
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
491
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 612
1 800
-
-
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%.

161
180
-
-
total
161
180
-
-
Dividends
1 451
1 620
-
-
withholding
218
243
-
-
total
218
243
-
-
Income
1 800
1 800
1 800
1 800
Total tax
450
423
491
684
After tax
1 350
1 377
1 309
1 116
Living cost
118
118
118
118
Free-cash
1 232
1 259
1 191
998

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£601
£563
£488
£417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 800
municipal
-
-
-
12
regional
-
-
-
43
national
-
-
-
474
social contributions
-
-
-
436
total
-
-
-
965
Employee
733
-
1 800
-
social contributions
247
-
571
-
regional
11
-
38
-
municipal
4
-
11
-
national
124
-
416
-
total
386
-
1 036
-
Employer
733
-
1 800
-
total
-
-
-
-
Corporate
1 067
1 800
-
-
nationa
256
432
-
-
municipal
51
87
-
-
total
307
519
-
-
Dividends
759
1 281
-
-
withholding
197
333
-
-
total
197
333
-
-
Income
1 800
1 800
1 800
1 800
Total tax
890
852
1 036
965
After tax
910
948
764
835
Living cost
347
347
347
347
Free-cash
563
601
417
488

Estimated living cost  is £347 per week

£244
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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close