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
£ 1900
per

Your estimated
City
free-cash

Dresden , Germany
£695
£679
£915
£791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
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.

-
-
-
629
trade
-
-
-
236
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.

-
-
-
35
total
-
-
-
959
Employee

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

331
-
1 900
-
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
-
629
-
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
-
35
-
total
69
-
723
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 569
1 900
-
-
surtax

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

13
16
-
-
trade
247
299
-
-
chamber of commerce
4
4
-
-
income
235
285
-
-
total
499
604
-
-
Dividends
1 070
1 296
-
-
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.

15
18
-
-
withholding
264
321
-
-
total
279
339
-
-
Income
1 900
1 900
1 900
1 900
Total tax
847
943
723
959
After tax
1 053
957
1 177
941
Living cost
262
262
262
262
Free-cash
791
695
915
679

Estimated living cost  is £262 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£750
£649
£659
£743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
211
social contributions
-
-
-
20
pensions
-
-
-
228
national
-
-
-
356
total
-
-
-
815
Employee
676
-
1 643
-
municipal
83
-
218
-
pensions
27
-
66
-
national
129
-
372
-
total
239
-
656
-
Employer
676
-
1 643
-
social contributions
7
-
18
-
pensions
54
-
131
-
total
61
-
149
-
Corporate
1 118
1 900
-
-
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%.

224
380
-
-
total
224
380
-
-
Dividends
895
1 520
-
-
withholding
197
334
-
-
total
197
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
721
714
805
815
After tax
1 179
1 186
1 095
1 085
Living cost
436
436
436
436
Free-cash
743
750
659
649

Estimated living cost  is £436 per week

£296
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
£1340
£508
£644
£1269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
396
microenterprise
-
-
-
-
social contributions

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

-
-
-
332
surtax
-
-
-
484
total
-
-
-
1 212
Employee
253
-
1 488
-
income
45
-
335
-
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
-
113
-
surtax
-
-
216
-
total
73
-
664
-
Employer
253
-
1 488
-
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
-
248
-
surtax
-
-
164
-
total
61
-
412
-
Corporate
1 586
1 900
-
-
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%.

317
380
-
-
total
317
380
-
-
Dividends

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

1 269
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
451
380
1 076
1 212
After tax
1 449
1 520
824
688
Living cost
180
180
180
180
Free-cash
1 269
1 340
644
508

Estimated living cost  is £180 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£586
£661
£853
£532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
669
health
-
-
-
107
pensions
-
-
-
101
total
-
-
-
877
Employee
739
739
1 739
-
pensions
133
101
101
-
income

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

121
121
316
-
health
113
96
107
-
total
367
318
524
-
Employer
739
739
1 739
-
unemployment
27
27
33
-
health
51
51
64
-
pensions
51
51
64
-
total
129
129
161
-
Corporate
1 041
1 032
-
-
income
208
206
-
-
total
208
206
-
-
Dividends
833
825
-
-
income
177
175
-
-
withholding
125
124
-
-
total
302
299
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 006
952
685
877
After tax
894
948
1 215
1 023
Living cost
362
362
362
362
Free-cash
532
586
853
661

Estimated living cost  is £362 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£702
£616
£608
£695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
unemployment
-
-
-
1
other
-
-
-
85
health
-
-
-
46
municipal
-
-
-
503
national
-
-
-
234
pensions
-
-
-
79
accident
-
-
-
1
total
-
-
-
949
Employee
478
-
1 669
-
municipal
142
-
498
-
national
-
-
230
-
total
142
-
728
-
Employer
478
-
1 669
-
accident
1
-
1
-
unemployment
13
-
19
-
health
29
-
45
-
pensions
52
-
79
-
other
55
-
85
-
total
150
-
229
-
Corporate
1 272
1 900
-
-
income
280
418
-
-
total
280
418
-
-
Dividends
992
1 482
-
-
withholding
298
445
-
-
total
298
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
870
863
957
949
After tax
1 030
1 037
943
951
Living cost
335
335
335
335
Free-cash
695
702
608
616

Estimated living cost  is £335 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£608
£591
£837
£731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
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.

-
-
-
629
trade
-
-
-
246
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.

-
-
-
35
total
-
-
-
969
Employee

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

439
-
1 900
-
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
-
629
-
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
-
35
-
total
99
-
723
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 461
1 900
-
-
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
-
-
trade
240
313
-
-
chamber of commerce
3
4
-
-
income
219
285
-
-
total
474
618
-
-
Dividends
986
1 283
-
-
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
243
317
-
-
total
256
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
829
952
723
969
After tax
1 071
948
1 177
931
Living cost
340
340
340
340
Free-cash
731
608
837
591

Estimated living cost  is £340 per week

£227
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
£1104
£999
£985
£1068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
432
health
-
-
-
48
social contributions
-
-
-
140
total
-
-
-
620
Employee
665
665
1 792
-
income
70
62
423
-
health
7
11
30
-
social contributions
32
55
74
-
total
109
128
527
-
Employer
665
665
1 792
-
social contributions
32
55
74
-
health
7
12
33
-
total
39
67
107
-
Corporate
1 471
1 167
-
-
income
184
146
-
-
total
184
146
-
-
Dividends
1 287
1 021
-
-
withholding
219
174
-
-
total
219
174
-
-
Income
1 900
1 900
1 900
1 900
Total tax
551
515
634
620
After tax
1 349
1 385
1 266
1 280
Living cost
281
281
281
281
Free-cash
1 068
1 104
985
999

Estimated living cost  is £281 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£910
£1159
£945
£912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
232
unemployment
-
-
-
29
health
-
-
-
133
pensions
-
-
-
190
total
-
-
-
584
Employee

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

The minimum wage is 138,000 HUF per month.

226
90
1 590
-
pensions
23
9
159
-
unemployment
3
1
24
-
income
28
11
194
-
health
16
6
111
-
total
70
27
488
-
Employer

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

The minimum wage is 138,000 HUF per month.

226
90
1 590
-
pensions
44
18
310
-
total
44
18
310
-
Corporate
1 630
1 792
-
-
income
147
161
-
-
total
147
161
-
-
Dividends
1 483
1 631
-
-
withholding
282
310
-
-
social contributions
288
317
-
-
total
570
627
-
-
Income
1 900
1 900
1 900
1 900
Total tax
831
833
798
584
After tax
1 069
1 067
1 102
1 316
Living cost
157
157
157
157
Free-cash
912
910
945
1 159

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1311
£809
£886
£1257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
255
health
-
-
-
247
pensions
-
-
-
380
total
-
-
-
882
Employee
245
-
1 420
-
pensions
5
-
28
-
unemployment
4
-
23
-
income
28
-
274
-
total
37
-
325
-
Employer
245
-
1 420
-
unemployment
2
-
11
-
health
32
-
185
-
pensions
49
-
284
-
total
83
-
480
-
Corporate
1 572
1 900
-
-
income
314
380
-
-
total
314
380
-
-
Dividends
1 257
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
434
380
805
882
After tax
1 466
1 520
1 095
1 018
Living cost
209
209
209
209
Free-cash
1 257
1 311
886
809

Estimated living cost  is £209 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£36
£1108
£856
£124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
542
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
36
accident
-
-
-
2
total
-
-
-
602
Employee
298
-
1 734
-
pensions
34
-
66
-
income
41
-
424
-
health
34
-
198
-
total
109
-
688
-
Employer
298
-
1 734
-
accident
5
-
29
-
unemployment
7
-
42
-
pensions
49
-
95
-
total
61
-
166
-
Corporate
1 541
1 900
-
-
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.

1 387
1 710
-
-
total
1 387
1 710
-
-
Dividends
154
190
-
-
withholding
29
36
-
-
total
29
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 586
1 746
854
602
After tax
314
154
1 046
1 298
Living cost
190
190
190
190
Free-cash
124
-36
856
1 108

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
£1726
£1802
£1441
£1711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
98
-
1 900
-
income
20
-
380
-
total
20
-
380
-
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%.

1 802
1 900
-
-
total
-
-
-
-
Dividends
1 802
1 900
-
-
withholding
90
95
-
-
total
90
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
110
95
380
19
After tax
1 790
1 805
1 520
1 881
Living cost
79
79
79
79
Free-cash
1 711
1 726
1 441
1 802

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1165
£904
£888
£1108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
329
other
-
-
-
62
health
-
-
-
58
pensions

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

-
-
-
316
total
-
-
-
765
Employee
314
-
1 566
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
income
54
-
324
-
health
4
-
18
-
total
83
-
447
-
Employer
314
-
1 566
-
accident
3
-
13
-
unemployment
3
-
13
-
health
4
-
18
-
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.

53
-
224
-
other
16
-
66
-
total
79
-
334
-
Corporate
1 507
1 900
-
-
income
316
399
-
-
total
316
399
-
-
Dividends
1 190
1 501
-
-
withholding
83
105
-
-
total
83
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
561
504
781
765
After tax
1 339
1 396
1 119
1 135
Living cost
231
231
231
231
Free-cash
1 108
1 165
888
904

Estimated living cost  is £231 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£621
£649
£479
£690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
581
pensions
-
-
-
86
total
-
-
-
667
Employee
826
-
1 656
-
pensions
80
-
103
-
income
149
-
468
-
health
14
-
23
-
total
243
-
594
-
Employer
826
-
1 656
-
health
16
-
31
-
pensions
98
-
212
-
total
114
-
243
-
Corporate
960
1 900
-
-
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.

182
361
-
-
total
182
361
-
-
Dividends
778
1 539
-
-
withholding
87
334
-
-
total
87
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
626
695
837
667
After tax
1 274
1 205
1 063
1 233
Living cost
584
584
584
584
Free-cash
690
621
479
649

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
£1512
£1421
£1500
£1471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
366
Employee
150
-
1 841
-
pensions

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

13
-
27
-
income
15
-
184
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
37
-
228
-
Employer
150
-
1 841
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
10
-
21
-
pensions

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

17
-
33
-
total
30
-
59
-
Corporate
1 720
1 900
-
-
income
172
190
-
-
total
172
190
-
-
Dividends
1 548
1 710
-
-
withholding
77
85
-
-
total
77
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
316
275
287
366
After tax
1 584
1 625
1 613
1 534
Living cost
113
113
113
113
Free-cash
1 471
1 512
1 500
1 421

Estimated living cost  is £113 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£468
£543
£735
£488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
669
health
-
-
-
107
pensions
-
-
-
101
total
-
-
-
877
Employee
802
739
1 739
-
pensions
101
101
101
-
income

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

121
121
316
-
health
100
96
107
-
total
322
318
524
-
Employer
802
739
1 739
-
unemployment
29
27
33
-
health
56
51
64
-
pensions
56
51
64
-
total
141
129
161
-
Corporate
957
1 032
-
-
income
191
206
-
-
total
191
206
-
-
Dividends
766
825
-
-
income
163
175
-
-
withholding
115
124
-
-
total
278
299
-
-
Income
1 900
1 900
1 900
1 900
Total tax
932
952
685
877
After tax
968
948
1 215
1 023
Living cost
480
480
480
480
Free-cash
488
468
735
543

Estimated living cost  is £480 per week

£354
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
£1101
£914
£831
£1028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
202
health
-
-
-
256
solidarity contribution
-
-
-
23
social contributions
-
-
-
298
total
-
-
-
779
Employee
304
-
1 509
-
solidarity contribution
-
-
15
-
income
36
-
186
-
health
41
-
204
-
social contributions
20
-
66
-
total
97
-
471
-
Employer
304
-
1 509
-
social contributions
76
-
255
-
health
27
-
136
-
total
103
-
391
-
Corporate
1 493
1 900
-
-
income
284
361
-
-
total
284
361
-
-
Dividends
1 209
1 539
-
-
withholding
181
231
-
-
total
181
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
665
592
862
779
After tax
1 235
1 308
1 038
1 121
Living cost
207
207
207
207
Free-cash
1 028
1 101
831
914

Estimated living cost  is £207 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£649
£547
£474
£605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
12
regional
-
-
-
24
social contributions
-
-
-
433
national
-
-
-
519
total
-
-
-
988
Employee
769
-
1 900
-
municipal
4
-
11
-
national
133
-
461
-
social contributions
259
-
568
-
regional
7
-
21
-
total
403
-
1 061
-
Employer
769
-
1 900
-
total
-
-
-
-
Corporate
1 131
1 900
-
-
municipal
44
74
-
-
nationa
271
456
-
-
total
315
530
-
-
Dividends
815
1 370
-
-
withholding
212
356
-
-
total
212
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
930
886
1 061
988
After tax
970
1 014
839
912
Living cost
365
365
365
365
Free-cash
605
649
474
547

Estimated living cost  is £365 per week

£254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1004
£703
£650
£978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
592
unemployment
-
-
-
2
other
-
-
-
-
health
-
-
-
82
pensions
-
-
-
231
surtax
-
-
-
99
total
-
-
-
1 006
Employee
286
-
1 657
-
pensions
19
-
77
-
unemployment
20
-
80
-
other
-
-
-
-
income
48
-
540
-
health
7
-
29
-
surtax
1
-
89
-
total
95
-
815
-
Employer
286
-
1 657
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
38
-
154
-
other
-
-
-
-
total
60
-
244
-
Corporate
1 554
1 900
-
-
income
404
494
-
-
total
404
494
-
-
Dividends
1 150
1 406
-
-
withholding
172
211
-
-
total
172
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
731
705
1 059
1 006
After tax
1 169
1 195
841
894
Living cost
191
191
191
191
Free-cash
978
1 004
650
703

Estimated living cost  is £191 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£806
£834
£664
£863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
581
pensions
-
-
-
86
total
-
-
-
667
Employee
554
-
1 656
-
pensions
47
-
103
-
income
100
-
468
-
health
8
-
23
-
total
155
-
594
-
Employer
554
-
1 656
-
health
11
-
31
-
pensions
60
-
212
-
total
71
-
243
-
Corporate
1 276
1 900
-
-
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.

242
361
-
-
total
242
361
-
-
Dividends
1 033
1 539
-
-
withholding
170
334
-
-
total
170
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
638
695
837
667
After tax
1 262
1 205
1 063
1 233
Living cost
399
399
399
399
Free-cash
863
806
664
834

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
£210
£850
£780
£491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
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.

-
-
-
38
health
-
-
-
4
regional
-
-
-
106
city
-
-
-
20
pensions
-
-
-
175
national
-
-
-
48
total
-
-
-
391
Employee
771
-
1 709
-
city
8
-
18
-
pensions
65
-
134
-
unemployment
-
-
-
-
national
4
-
39
-
health
2
-
4
-
regional
25
-
94
-
total
104
-
289
-
Employer
771
-
1 709
-
unemployment
-
-
-
-
health
2
-
4
-
pensions
65
-
134
-
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
-
34
-
total
82
-
172
-
Corporate
1 038
1 900
-
-
national
88
161
-
-
regional
220
402
-
-
total
308
563
-
-
Dividends
730
1 337
-
-
withholding
256
468
-
-
total
256
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
750
1 031
461
391
After tax
1 150
869
1 439
1 509
Living cost
659
659
659
659
Free-cash
491
210
780
850

Estimated living cost  is £659 per week

£429
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
£542
£524
£781
£684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
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.

-
-
-
629
trade
-
-
-
257
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.

-
-
-
35
total
-
-
-
980
Employee

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

520
-
1 900
-
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
-
629
-
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
-
35
-
total
123
-
723
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 380
1 900
-
-
surtax

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

11
16
-
-
trade
237
326
-
-
chamber of commerce
3
4
-
-
income
207
285
-
-
total
458
631
-
-
Dividends
922
1 269
-
-
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
227
314
-
-
total
239
331
-
-
Income
1 900
1 900
1 900
1 900
Total tax
820
962
723
980
After tax
1 080
938
1 177
920
Living cost
396
396
396
396
Free-cash
684
542
781
524

Estimated living cost  is £396 per week

£289
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
£662
£748
£695
£712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
348
other
-
-
-
59
health
-
-
-
92
social contributions
-
-
-
54
pensions
-
-
-
303
surtax
-
-
-
-
total
-
-
-
856
Employee
370
-
1 451
-
pensions
42
-
109
-
income
22
-
310
-
social contributions
11
-
41
-
surtax
-
-
-
-
total
75
-
460
-
Employer
370
-
1 451
-
social contributions
1
-
4
-
unemployment
15
-
59
-
health
26
-
144
-
pensions
61
-
182
-
other
13
-
60
-
total
116
-
449
-
Corporate
1 414
1 900
-
-
surtax
-
-
-
-
income
396
532
-
-
total
396
532
-
-
Dividends
1 018
1 368
-
-
surtax
-
-
-
-
withholding
130
175
-
-
social contributions
175
235
-
-
total
305
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
892
942
909
856
After tax
1 008
958
991
1 044
Living cost
296
296
296
296
Free-cash
712
662
695
748

Estimated living cost  is £296 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£691
£777
£724
£740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
348
other
-
-
-
59
health
-
-
-
92
social contributions
-
-
-
54
pensions
-
-
-
303
surtax
-
-
-
-
total
-
-
-
856
Employee
331
-
1 451
-
pensions
37
-
109
-
income
17
-
310
-
social contributions
9
-
41
-
surtax
-
-
-
-
total
63
-
460
-
Employer
331
-
1 451
-
social contributions
1
-
4
-
unemployment
13
-
59
-
health
23
-
144
-
pensions
54
-
182
-
other
11
-
60
-
total
102
-
449
-
Corporate
1 466
1 900
-
-
surtax
-
-
-
-
income
411
532
-
-
total
411
532
-
-
Dividends
1 056
1 368
-
-
surtax
-
-
-
-
withholding
135
175
-
-
social contributions
182
235
-
-
total
317
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
893
942
909
856
After tax
1 007
958
991
1 044
Living cost
267
267
267
267
Free-cash
740
691
724
777

Estimated living cost  is £267 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£976
£1037
£987
£981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
health
-
-
-
133
social contributions
-
-
-
262
total
-
-
-
680
Employee
293
-
1 900
-
income
49
-
335
-
health
20
-
133
-
social contributions
40
-
262
-
total
109
-
730
-
Employer
293
-
1 900
-
total
-
-
-
-
Corporate
1 607
1 900
-
-
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%.

80
95
-
-
total
80
95
-
-
Dividends
1 526
1 805
-
-
withholding
229
271
-
-
social contributions
211
249
-
-
health
107
126
-
-
total
547
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
736
741
730
680
After tax
1 164
1 159
1 170
1 220
Living cost
183
183
183
183
Free-cash
981
976
987
1 037

Estimated living cost  is £183 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
£746
£669
£194
£729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
599
unemployment
-
-
-
53
chamber of commerce
-
-
-
8
health
-
-
-
77
pensions
-
-
-
187
surtax
-
-
-
2
total
-
-
-
926
Employee
432
345
1 567
-
pensions
44
35
104
-
unemployment
13
10
30
-
other
4
3
10
-
income
49
25
502
-
health
17
13
39
-
total
127
86
685
-
Employer
432
345
1 567
-
accident
6
4
13
-
surtax
2
2
2
-
unemployment
13
10
30
-
payroll
13
10
47
-
health
16
13
38
-
pensions
54
43
127
-
chamber of commerce
2
1
6
-
other
21
16
70
-
total
127
99
333
-
Corporate
1 341
1 454
1 534
-
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.

335
364
383
-
total
335
364
383
-
Dividends
1 006
1 091
-
-
withholding
277
300
-
-
total
277
300
-
-
Income
1 900
1 900
1 900
1 900
Total tax
866
849
1 401
926
After tax
1 034
1 051
499
974
Living cost
305
305
305
305
Free-cash
729
746
194
669

Estimated living cost  is £305 per week

£203
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
£731
£511
£333
£619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
communal

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

-
-
-
101
social contributions
-
-
-
216
national
-
-
-
757
total
-
-
-
1 074
Employee

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

619
-
1 472
-
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.

46
-
110
-
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
-
13
-
national
190
-
555
-
communal

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

32
-
77
-
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
-
69
-
total
302
-
824
-
Employer

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

619
-
1 472
-
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
-
19
-
surtax
70
-
167
-
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
-
21
-
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
-
91
-
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
-
130
-
total
180
-
428
-
Corporate
1 101
1 900
-
-
surtax
4
8
-
-
income
220
403
-
-
total
224
411
-
-
Dividends
876
1 489
-
-
withholding

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

260
443
-
-
total
260
443
-
-
Income
1 900
1 900
1 900
1 900
Total tax
966
854
1 252
1 074
After tax
934
1 046
648
826
Living cost
315
315
315
315
Free-cash
619
731
333
511

Estimated living cost  is £315 per week

£203
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
£950
£750
£714
£890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
597
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
838
Employee
431
-
1 644
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
income
91
-
568
-
total
118
-
619
-
Employer
431
-
1 644
-
accident
9
-
16
-
unemployment
24
-
44
-
pensions
102
-
189
-
other
3
-
6
-
total
138
-
255
-
Corporate
1 332
1 900
-
-
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.

200
285
-
-
total
200
285
-
-
Dividends
1 132
1 615
-
-
withholding
242
353
-
-
total
242
353
-
-
Income
1 900
1 900
1 900
1 900
Total tax
698
638
874
838
After tax
1 202
1 262
1 026
1 062
Living cost
312
312
312
312
Free-cash
890
950
714
750

Estimated living cost  is £312 per week

£230
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.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£610
£427
£502
£492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
354
communal
-
-
-
120
health
-
-
-
134
pensions
-
-
-
285
accident
-
-
-
16
surtax
-
-
-
94
total
-
-
-
1 003
Employee
655
-
1 697
-
pensions
52
-
136
-
income
63
-
409
-
health
29
-
76
-
surtax
40
-
104
-
total
184
-
725
-
Employer
655
-
1 697
-
accident
6
-
15
-
health
20
-
52
-
pensions
52
-
136
-
total
78
-
203
-
Corporate
1 166
1 900
-
-
surtax
12
20
-
-
communal
79
128
-
-
income
175
285
-
-
total
266
433
-
-
Dividends
901
1 467
-
-
income
275
167
-
-
withholding
135
220
-
-
total
410
387
-
-
Income
1 900
1 900
1 900
1 900
Total tax
938
820
928
1 003
After tax
962
1 080
972
897
Living cost
470
470
470
470
Free-cash
492
610
502
427

Estimated living cost  is £470 per week

£353
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.
£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
£1001
£700
£647
£975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
592
unemployment
-
-
-
2
other
-
-
-
-
health
-
-
-
82
pensions
-
-
-
231
surtax
-
-
-
99
total
-
-
-
1 006
Employee
291
-
1 657
-
pensions
19
-
77
-
unemployment
20
-
80
-
other
-
-
-
-
income
49
-
540
-
health
7
-
29
-
surtax
1
-
89
-
total
96
-
815
-
Employer
291
-
1 657
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
154
-
other
-
-
-
-
total
61
-
244
-
Corporate
1 547
1 900
-
-
income
402
494
-
-
total
402
494
-
-
Dividends
1 145
1 406
-
-
withholding
172
211
-
-
total
172
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
731
705
1 059
1 006
After tax
1 169
1 195
841
894
Living cost
194
194
194
194
Free-cash
975
1 001
647
700

Estimated living cost  is £194 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£766
£673
£600
£746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
12
regional
-
-
-
30
social contributions
-
-
-
433
national
-
-
-
519
total
-
-
-
994
Employee
480
-
1 900
-
municipal
3
-
11
-
national
76
-
461
-
social contributions
162
-
568
-
regional
6
-
27
-
total
247
-
1 067
-
Employer
480
-
1 900
-
total
-
-
-
-
Corporate
1 420
1 900
-
-
municipal
71
94
-
-
nationa
341
456
-
-
total
412
550
-
-
Dividends
1 009
1 350
-
-
withholding
262
351
-
-
total
262
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
921
901
1 067
994
After tax
979
999
833
906
Living cost
233
233
233
233
Free-cash
746
766
600
673

Estimated living cost  is £233 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1053
£866
£783
£961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
202
health
-
-
-
256
solidarity contribution
-
-
-
23
social contributions
-
-
-
298
total
-
-
-
779
Employee
375
-
1 509
-
solidarity contribution
-
-
15
-
income
45
-
186
-
health
51
-
204
-
social contributions
24
-
66
-
total
120
-
471
-
Employer
375
-
1 509
-
social contributions
94
-
255
-
health
34
-
136
-
total
128
-
391
-
Corporate
1 398
1 900
-
-
income
266
361
-
-
total
266
361
-
-
Dividends
1 132
1 539
-
-
withholding
170
231
-
-
total
170
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
684
592
862
779
After tax
1 216
1 308
1 038
1 121
Living cost
255
255
255
255
Free-cash
961
1 053
783
866

Estimated living cost  is £255 per week

£189
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
£777
£700
£224
£769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
599
unemployment
-
-
-
53
chamber of commerce
-
-
-
8
health
-
-
-
77
pensions
-
-
-
187
surtax
-
-
-
-
total
-
-
-
924
Employee
378
345
1 568
-
pensions
39
35
104
-
unemployment
11
10
30
-
other
4
3
10
-
income
34
25
502
-
health
15
13
39
-
total
103
86
685
-
Employer
378
345
1 568
-
accident
5
4
13
-
surtax
-
-
-
-
unemployment
11
10
30
-
payroll
11
10
47
-
health
14
13
38
-
pensions
47
43
127
-
chamber of commerce
2
1
6
-
other
18
16
70
-
total
108
97
331
-
Corporate
1 413
1 456
1 536
-
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.

353
364
384
-
total
353
364
384
-
Dividends
1 060
1 092
-
-
withholding
291
300
-
-
total
291
300
-
-
Income
1 900
1 900
1 900
1 900
Total tax
855
847
1 400
924
After tax
1 045
1 053
500
976
Living cost
276
276
276
276
Free-cash
769
777
224
700

Estimated living cost  is £276 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1682
£1758
£1397
£1659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
153
-
1 900
-
income
31
-
380
-
total
31
-
380
-
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%.

1 747
1 900
-
-
total
-
-
-
-
Dividends
1 747
1 900
-
-
withholding
87
95
-
-
total
87
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
118
95
380
19
After tax
1 782
1 805
1 520
1 881
Living cost
123
123
123
123
Free-cash
1 659
1 682
1 397
1 758

Estimated living cost  is £123 per week

£83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1076
£655
£615
£1004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
476
unemployment
-
-
-
3
health
-
-
-
187
pensions
-
-
-
347
total
-
-
-
1 013
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.

383
-
1 644
-
pensions
59
-
255
-
unemployment
1
-
2
-
income
66
-
435
-
health
25
-
106
-
total
151
-
798
-
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.

383
-
1 644
-
unemployment
-
-
1
-
health
25
-
109
-
pensions
34
-
145
-
total
59
-
255
-
Corporate
1 458
1 900
-
-
income
277
361
-
-
total
277
361
-
-
Dividends
1 181
1 539
-
-
withholding
177
231
-
-
total
177
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
664
592
1 053
1 013
After tax
1 236
1 308
847
887
Living cost
232
232
232
232
Free-cash
1 004
1 076
615
655

Estimated living cost  is £232 per week

£159
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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£780
£937
£1410
£366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
370
social contributions
-
-
-
217
total
-
-
-
587
Employee
539
-
-
-
income
119
-
-
-
social contributions
44
-
6
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
600
1 900
-
-
income
132
418
-
-
total
132
418
-
-
Dividends
468
1 482
-
-
income
103
326
-
-
total
103
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 158
744
114
587
After tax
742
1 156
1 786
1 313
Living cost
376
376
376
376
Free-cash
366
780
1 410
937

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
£810
£723
£576
£800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 900
income
-
-
-
246
social contributions

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

-
-
-
660
surtax
-
-
-
-
total
-
-
-
906
Employee
398
-
1 535
-
income
83
-
518
-
social contributions
44
-
169
-
surtax
-
-
1
-
total
127
-
688
-
Employer
398
-
1 535
-
social contributions
95
-
365
-
total
95
-
365
-
Corporate
1 408
1 900
-
-
surtax
-
-
-
-
income
296
399
-
-
total
296
399
-
-
Dividends
1 112
1 501
-
-
withholding
311
420
-
-
total
311
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
829
819
1 053
906
After tax
1 071
1 081
847
994
Living cost
271
271
271
271
Free-cash
800
810
576
723

Estimated living cost  is £271 per week

£203
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
£540
£626
£573
£599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
348
other
-
-
-
59
health
-
-
-
92
social contributions
-
-
-
54
pensions
-
-
-
303
surtax
-
-
-
-
total
-
-
-
856
Employee
542
-
1 451
-
pensions
61
-
109
-
income
47
-
310
-
social contributions
15
-
41
-
surtax
-
-
-
-
total
123
-
460
-
Employer
542
-
1 451
-
social contributions
2
-
4
-
unemployment
22
-
59
-
health
38
-
144
-
pensions
89
-
182
-
other
19
-
60
-
total
170
-
449
-
Corporate
1 189
1 900
-
-
surtax
-
-
-
-
income
333
532
-
-
total
333
532
-
-
Dividends
856
1 368
-
-
surtax
-
-
-
-
withholding
110
175
-
-
social contributions
147
235
-
-
total
257
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
883
942
909
856
After tax
1 017
958
991
1 044
Living cost
418
418
418
418
Free-cash
599
540
573
626

Estimated living cost  is £418 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1450
£1126
£1177
£1421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
96
social contributions
-
-
-
418
total
-
-
-
514
Employee
278
-
1 645
-
income
-
-
101
-
social contributions
18
-
107
-
total
18
-
208
-
Employer
278
-
1 645
-
social contributions
43
-
255
-
total
43
-
255
-
Corporate
1 579
1 900
-
-
income
158
190
-
-
total
158
190
-
-
Dividends
1 421
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
219
190
463
514
After tax
1 681
1 710
1 437
1 386
Living cost
260
260
260
260
Free-cash
1 421
1 450
1 177
1 126

Estimated living cost  is £260 per week

£168
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£13
£682
£13
£7
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
407
labour market
-
-
-
151
pensions
-
-
-
8
national
-
-
-
235
total
-
-
-
801
Employee
1 759
1 759
1 759
-
municipal
375
375
375
-
pensions
3
3
3
-
labour market
141
141
141
-
national
215
215
215
-
total
734
734
734
-
Employer
1 759
1 759
1 759
-
labour market
141
141
141
-
national
215
215
215
-
pensions
5
5
5
-
municipal
375
375
375
-
total
736
736
736
-
Corporate
15
-
-
-
income
3
-
-
-
total
3
-
-
-
Dividends
12
-
-
-
withholding
3
-
-
-
total
3
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 476
1 470
1 470
801
After tax
424
430
430
1 099
Living cost
417
417
417
417
Free-cash
7
13
13
682

Estimated living cost  is £417 per week

£285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£33
£1111
£859
£126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
542
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
36
accident
-
-
-
2
total
-
-
-
602
Employee
294
-
1 734
-
pensions
33
-
66
-
income
40
-
424
-
health
34
-
198
-
total
107
-
688
-
Employer
294
-
1 734
-
accident
5
-
29
-
unemployment
7
-
42
-
pensions
48
-
95
-
total
60
-
166
-
Corporate
1 546
1 900
-
-
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.

1 391
1 710
-
-
total
1 391
1 710
-
-
Dividends
155
190
-
-
withholding
29
36
-
-
total
29
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 587
1 746
854
602
After tax
313
154
1 046
1 298
Living cost
187
187
187
187
Free-cash
126
-33
859
1 111

Estimated living cost  is £187 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£835
£839
£622
£861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 900
health
-
-
-
26
municipal
-
-
-
337
national
-
-
-
366
total
-
-
-
729
Employee
455
-
1 598
-
municipal
75
-
260
-
pensions
31
-
108
-
unemployment
7
-
24
-
national
8
-
232
-
health
3
-
21
-
total
124
-
645
-
Employer
455
-
1 598
-
accident
-
-
2
-
unemployment
3
-
10
-
health
3
-
12
-
pensions
79
-
277
-
total
85
-
301
-
Corporate
1 359
1 900
-
-
income
272
380
-
-
total
272
380
-
-
Dividends

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

815
1 140
-
-
municipal
147
205
-
-
national
79
148
-
-
total
226
353
-
-
Income
1 900
1 900
1 900
1 900
Total tax
707
733
946
729
After tax
1 193
1 167
954
1 171
Living cost
332
332
332
332
Free-cash
861
835
622
839

Estimated living cost  is £332 per week

£217
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
£1185
£1080
£1066
£1138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
432
health
-
-
-
48
social contributions
-
-
-
140
total
-
-
-
620
Employee
665
665
1 792
-
income
72
62
423
-
health
5
11
30
-
social contributions
25
55
74
-
total
102
128
527
-
Employer
665
665
1 792
-
social contributions
25
55
74
-
health
6
12
33
-
total
31
67
107
-
Corporate
1 566
1 167
-
-
income
196
146
-
-
total
196
146
-
-
Dividends
1 370
1 021
-
-
withholding
233
174
-
-
total
233
174
-
-
Income
1 900
1 900
1 900
1 900
Total tax
562
515
634
620
After tax
1 338
1 385
1 266
1 280
Living cost
200
200
200
200
Free-cash
1 138
1 185
1 066
1 080

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1436
£1481
£1307
£1391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 900
income
-
-
-
196
unemployment
-
-
-
-
health
-
-
-
31
pensions
-
-
-
55
total
-
-
-
282
Employee

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

199
-
1 815
-
pensions
30
-
123
-
unemployment
1
-
4
-
income
14
-
175
-
health
17
-
70
-
total
62
-
372
-
Employer

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

199
-
1 815
-
unemployment
1
-
4
-
health
9
-
35
-
pensions
11
-
45
-
total
21
-
84
-
Corporate
1 681
1 900
-
-
income
151
171
-
-
total
151
171
-
-
Dividends
1 530
1 729
-
-
withholding
138
156
-
-
total
138
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
372
327
456
282
After tax
1 528
1 573
1 444
1 618
Living cost
137
137
137
137
Free-cash
1 391
1 436
1 307
1 481

Estimated living cost  is £137 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
£1024
£824
£788
£985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
597
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
838
Employee
320
-
1 644
-
pensions
15
-
38
-
unemployment
5
-
12
-
other
-
-
1
-
income
62
-
568
-
total
82
-
619
-
Employer
320
-
1 644
-
accident
6
-
16
-
unemployment
18
-
44
-
pensions
75
-
189
-
other
3
-
6
-
total
102
-
255
-
Corporate
1 478
1 900
-
-
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.

222
285
-
-
total
222
285
-
-
Dividends
1 256
1 615
-
-
withholding
271
353
-
-
total
271
353
-
-
Income
1 900
1 900
1 900
1 900
Total tax
677
638
874
838
After tax
1 223
1 262
1 026
1 062
Living cost
238
238
238
238
Free-cash
985
1 024
788
824

Estimated living cost  is £238 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1162
£1197
£1195
£1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
649
health
-
-
-
13
pensions
-
-
-
17
total
-
-
-
679
Employee
36
-
1 880
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
648
-
health
2
-
4
-
total
12
-
661
-
Employer
36
-
1 880
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
10
-
total
8
-
20
-
Corporate
1 856
1 900
-
-
income
408
418
-
-
total
408
418
-
-
Dividends
1 447
1 482
-
-
withholding
289
296
-
-
total
289
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
717
714
681
679
After tax
1 183
1 186
1 219
1 221
Living cost
24
24
24
24
Free-cash
1 159
1 162
1 195
1 197

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
£1223
£1069
£1068
£1179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
439
unemployment
-
-
-
10
health
-
-
-
66
pensions
-
-
-
166
total
-
-
-
681
Employee

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

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

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

226
-
1 785
-
pensions
32
-
90
-
unemployment
2
-
5
-
income
31
-
439
-
health
12
-
33
-
total
77
-
567
-
Employer

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

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

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

226
-
1 785
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
77
-
total
41
-
115
-
Corporate
1 634
1 900
-
-
income
245
285
-
-
total
245
285
-
-
Dividends
1 389
1 615
-
-
withholding
208
242
-
-
total
208
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
571
527
682
681
After tax
1 329
1 373
1 218
1 219
Living cost
150
150
150
150
Free-cash
1 179
1 223
1 068
1 069

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
£848
£761
£614
£844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 900
income
-
-
-
246
social contributions

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

-
-
-
660
surtax
-
-
-
-
total
-
-
-
906
Employee
336
-
1 535
-
income
66
-
518
-
social contributions
37
-
169
-
surtax
-
-
1
-
total
103
-
688
-
Employer
336
-
1 535
-
social contributions
80
-
365
-
total
80
-
365
-
Corporate
1 484
1 900
-
-
surtax
-
-
-
-
income
312
399
-
-
total
312
399
-
-
Dividends
1 173
1 501
-
-
withholding
328
420
-
-
total
328
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
823
819
1 053
906
After tax
1 077
1 081
847
994
Living cost
233
233
233
233
Free-cash
844
848
614
761

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£958
£758
£722
£903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
597
unemployment
-
-
-
6
other
-
-
-
1
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
838
Employee
418
-
1 644
-
pensions
20
-
38
-
unemployment
6
-
12
-
other
-
-
1
-
income
87
-
568
-
total
113
-
619
-
Employer
418
-
1 644
-
accident
8
-
16
-
unemployment
23
-
44
-
pensions
99
-
189
-
other
3
-
6
-
total
133
-
255
-
Corporate
1 349
1 900
-
-
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.

202
285
-
-
total
202
285
-
-
Dividends
1 147
1 615
-
-
withholding
245
353
-
-
total
245
353
-
-
Income
1 900
1 900
1 900
1 900
Total tax
693
638
874
838
After tax
1 207
1 262
1 026
1 062
Living cost
304
304
304
304
Free-cash
903
958
722
758

Estimated living cost  is £304 per week

£218
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
£1476
£1385
£1464
£1423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
366
Employee
197
-
1 841
-
pensions

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

17
-
27
-
income
20
-
184
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
48
-
228
-
Employer
197
-
1 841
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
14
-
21
-
pensions

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

22
-
33
-
total
39
-
59
-
Corporate
1 664
1 900
-
-
income
166
190
-
-
total
166
190
-
-
Dividends
1 498
1 710
-
-
withholding
75
85
-
-
total
75
85
-
-
Income
1 900
1 900
1 900
1 900
Total tax
328
275
287
366
After tax
1 572
1 625
1 613
1 534
Living cost
149
149
149
149
Free-cash
1 423
1 476
1 464
1 385

Estimated living cost  is £149 per week

£98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£643
£628
£843
£758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
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.

-
-
-
629
trade
-
-
-
215
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.

-
-
-
35
total
-
-
-
938
Employee

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

431
-
1 900
-
income

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

35
-
629
-
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
-
35
-
total
96
-
723
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 469
1 900
-
-
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
-
-
trade
211
273
-
-
chamber of commerce
3
4
-
-
income
220
285
-
-
total
446
578
-
-
Dividends
1 023
1 323
-
-
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
18
-
-
withholding
252
327
-
-
total
266
345
-
-
Income
1 900
1 900
1 900
1 900
Total tax
808
923
723
938
After tax
1 092
977
1 177
962
Living cost
334
334
334
334
Free-cash
758
643
843
628

Estimated living cost  is £334 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£836
£464
£464
£856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
617
social contributions
-
-
-
326
total
-
-
-
943
Employee
677
-
1 900
-
income
128
-
617
-
social contributions
56
-
326
-
total
184
-
943
-
Employer
677
-
1 900
-
total
-
-
-
-
Corporate
1 223
1 900
-
-
income
153
238
-
-
total
153
238
-
-
Dividends
1 070
1 662
-
-
withholding
214
333
-
-
total
214
333
-
-
Income
1 900
1 900
1 900
1 900
Total tax
551
571
943
943
After tax
1 349
1 329
957
957
Living cost
493
493
493
493
Free-cash
856
836
464
464

Estimated living cost  is £493 per week

£375
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
£875
£1243
£1014
£905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
285
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
-
-
-
343
Employee
397
-
1 860
-
income
43
-
492
-
social contributions
40
-
40
-
total
83
-
532
-
Employer
397
-
1 860
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 463
1 900
-
-
income
512
665
-
-
total
512
665
-
-
Dividends
951
1 235
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 900
1 900
1 900
1 900
Total tax
681
711
572
343
After tax
1 219
1 189
1 328
1 557
Living cost
314
314
314
314
Free-cash
905
875
1 014
1 243

Estimated living cost  is £314 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£881
£909
£739
£933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
581
pensions
-
-
-
86
total
-
-
-
667
Employee
445
-
1 656
-
pensions
34
-
103
-
income
81
-
468
-
health
6
-
23
-
total
121
-
594
-
Employer
445
-
1 656
-
health
8
-
31
-
pensions
45
-
212
-
total
53
-
243
-
Corporate
1 401
1 900
-
-
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.

266
361
-
-
total
266
361
-
-
Dividends
1 135
1 539
-
-
withholding
203
334
-
-
total
203
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
643
695
837
667
After tax
1 257
1 205
1 063
1 233
Living cost
324
324
324
324
Free-cash
933
881
739
909

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
-£51
£1093
£841
£123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
542
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
36
accident
-
-
-
2
total
-
-
-
602
Employee
323
-
1 734
-
pensions
36
-
66
-
income
44
-
424
-
health
37
-
198
-
total
117
-
688
-
Employer
323
-
1 734
-
accident
5
-
29
-
unemployment
8
-
42
-
pensions
53
-
95
-
total
66
-
166
-
Corporate
1 511
1 900
-
-
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.

1 360
1 710
-
-
total
1 360
1 710
-
-
Dividends
151
190
-
-
withholding
29
36
-
-
total
29
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 572
1 746
854
602
After tax
328
154
1 046
1 298
Living cost
205
205
205
205
Free-cash
123
-51
841
1 093

Estimated living cost  is £205 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1337
£1084
£1275
£1311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
319
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
102
pensions
-
-
-
254
total
-
-
-
699
Employee

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

187
-
1 900
-
pensions
34
-
127
-
unemployment
2
-
8
-
work injury
1
-
3
-
health insurance
14
-
51
-
income
19
-
319
-
total
70
-
508
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 713
1 900
-
-
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%.

171
190
-
-
total
171
190
-
-
Dividends
1 542
1 710
-
-
withholding
231
256
-
-
total
231
256
-
-
Income
1 900
1 900
1 900
1 900
Total tax
472
446
508
699
After tax
1 428
1 454
1 392
1 201
Living cost
117
117
117
117
Free-cash
1 311
1 337
1 275
1 084

Estimated living cost  is £117 per week

£72
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£655
£544
£473
£617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
13
regional
-
-
-
46
social contributions
-
-
-
433
national
-
-
-
519
total
-
-
-
1 011
Employee
729
-
1 900
-
municipal
4
-
12
-
national
123
-
461
-
social contributions
246
-
568
-
regional
11
-
41
-
total
384
-
1 082
-
Employer
729
-
1 900
-
total
-
-
-
-
Corporate
1 171
1 900
-
-
municipal
56
92
-
-
nationa
281
456
-
-
total
337
548
-
-
Dividends
833
1 352
-
-
withholding
217
352
-
-
total
217
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
938
900
1 082
1 011
After tax
962
1 000
818
889
Living cost
345
345
345
345
Free-cash
617
655
473
544

Estimated living cost  is £345 per week

£242
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
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Estimated living cost

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