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
£ 1950
per

Your estimated
City
free-cash

Dresden , Germany
£697
£813
£940
£717
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
36
trade
-
-
-
243
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.

-
-
-
647
health

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

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

-
-
-
60
total
-
-
-
986
Employee

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

337
-
1 950
-
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
-
647
-
health

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

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

60
-
60
-
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
-
36
-
total
70
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 613
1 950
-
-
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
-
-
income
242
292
-
-
trade
254
307
-
-
chamber of commerce
4
4
-
-
total
513
619
-
-
Dividends
1 100
1 330
-
-
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
272
329
-
-
total
287
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
870
966
743
986
After tax
1 080
984
1 207
964
Living cost
267
267
267
267
Free-cash
813
717
940
697

Estimated living cost  is £267 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£655
£743
£665
£753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
360
pensions
-
-
-
234
social contributions
-
-
-
21
municipal
-
-
-
216
total
-
-
-
831
Employee
720
-
1 686
-
pensions
29
-
67
-
municipal
89
-
224
-
national
138
-
377
-
total
256
-
668
-
Employer
720
-
1 686
-
pensions
58
-
135
-
social contributions
8
-
18
-
total
66
-
153
-
Corporate
1 118
1 950
-
-
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
390
-
-
total
224
390
-
-
Dividends
894
1 560
-
-
withholding
197
343
-
-
total
197
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
743
733
821
831
After tax
1 207
1 217
1 129
1 119
Living cost
464
464
464
464
Free-cash
743
753
665
655

Estimated living cost  is £464 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£524
£1305
£663
£1377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
surtax
-
-
-
497
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.

-
-
-
338
income
-
-
-
408
microenterprise
-
-
-
-
total
-
-
-
1 243
Employee
258
-
1 529
-
income
46
-
345
-
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
-
116
-
surtax
-
-
222
-
total
74
-
683
-
Employer
258
-
1 529
-
surtax
-
-
168
-
social contributions

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

62
-
253
-
total
62
-
421
-
Corporate
1 630
1 950
-
-
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%.

326
390
-
-
total
326
390
-
-
Dividends

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

1 304
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
462
390
1 104
1 243
After tax
1 488
1 560
846
707
Living cost
183
183
183
183
Free-cash
1 305
1 377
663
524

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£680
£549
£878
£604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
103
income
-
-
-
689
health
-
-
-
109
total
-
-
-
901
Employee
753
753
1 786
-
pensions
135
103
103
-
income

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

123
123
327
-
health
116
98
109
-
total
374
324
539
-
Employer
753
753
1 786
-
pensions
52
52
65
-
health
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
1 075
1 066
-
-
income
215
213
-
-
total
215
213
-
-
Dividends
860
852
-
-
income
183
181
-
-
withholding
129
128
-
-
total
312
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 032
977
703
901
After tax
918
973
1 247
1 049
Living cost
369
369
369
369
Free-cash
549
604
878
680

Estimated living cost  is £369 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£615
£690
£606
£699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
224
other
-
-
-
93
pensions
-
-
-
87
municipal
-
-
-
512
accident
-
-
-
2
health
-
-
-
50
unemployment
-
-
-
1
total
-
-
-
969
Employee
522
-
1 698
-
municipal
156
-
506
-
national
-
-
220
-
total
156
-
726
-
Employer
522
-
1 698
-
pensions
56
-
87
-
other
61
-
93
-
health
32
-
49
-
unemployment
14
-
21
-
accident
1
-
2
-
total
164
-
252
-
Corporate
1 264
1 950
-
-
income
278
429
-
-
total
278
429
-
-
Dividends
986
1 521
-
-
withholding
296
456
-
-
total
296
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
894
885
978
969
After tax
1 056
1 065
972
981
Living cost
366
366
366
366
Free-cash
690
699
606
615

Estimated living cost  is £366 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£608
£753
£861
£627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
36
trade
-
-
-
253
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.

-
-
-
647
health

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

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

-
-
-
60
total
-
-
-
996
Employee

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

447
-
1 950
-
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
-
647
-
health

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

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

60
-
60
-
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
-
36
-
total
100
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 503
1 950
-
-
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
-
-
income
225
292
-
-
trade
247
321
-
-
chamber of commerce
3
4
-
-
total
487
633
-
-
Dividends
1 014
1 317
-
-
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
250
326
-
-
total
264
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
851
977
743
996
After tax
1 099
973
1 207
954
Living cost
346
346
346
346
Free-cash
753
627
861
608

Estimated living cost  is £346 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1026
£1099
£1011
£1135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
143
income
-
-
-
445
health
-
-
-
50
total
-
-
-
638
Employee
678
678
1 840
-
income
71
63
436
-
social contributions
33
56
76
-
health
7
12
31
-
total
111
131
543
-
Employer
678
678
1 840
-
social contributions
33
56
76
-
health
7
13
34
-
total
40
69
110
-
Corporate
1 513
1 203
-
-
income
189
150
-
-
total
189
150
-
-
Dividends
1 324
1 053
-
-
withholding
225
179
-
-
total
225
179
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
529
653
638
After tax
1 385
1 421
1 297
1 312
Living cost
286
286
286
286
Free-cash
1 099
1 135
1 011
1 026

Estimated living cost  is £286 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£1179
£924
£959
£922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
195
income
-
-
-
238
health
-
-
-
136
unemployment
-
-
-
29
total
-
-
-
598
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.

250
99
1 632
-
pensions
25
10
163
-
income
31
12
199
-
health
17
7
114
-
unemployment
4
1
24
-
total
77
30
500
-
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.

250
99
1 632
-
pensions
49
19
318
-
total
49
19
318
-
Corporate
1 652
1 831
-
-
income
149
165
-
-
total
149
165
-
-
Dividends
1 503
1 666
-
-
withholding
286
317
-
-
social contributions
292
324
-
-
total
578
641
-
-
Income
1 950
1 950
1 950
1 950
Total tax
853
855
818
598
After tax
1 097
1 095
1 132
1 352
Living cost
173
173
173
173
Free-cash
924
922
959
1 179

Estimated living cost  is £173 per week

£118
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.
£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.
£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

Source of data for Budapest model

Close
Tallinn , Estonia
£832
£1293
£912
£1347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
390
income
-
-
-
261
health
-
-
-
254
total
-
-
-
905
Employee
250
-
1 457
-
pensions
5
-
29
-
income
28
-
281
-
unemployment
4
-
23
-
total
37
-
333
-
Employer
250
-
1 457
-
pensions
50
-
291
-
health
32
-
189
-
unemployment
2
-
12
-
total
84
-
492
-
Corporate
1 615
1 950
-
-
income
323
390
-
-
total
323
390
-
-
Dividends
1 292
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
444
390
825
905
After tax
1 506
1 560
1 125
1 045
Living cost
213
213
213
213
Free-cash
1 293
1 347
912
832

Estimated living cost  is £213 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£1135
£129
£874
-£39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
556
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
310
-
1 778
-
pensions
35
-
68
-
income
42
-
434
-
health
35
-
204
-
total
112
-
706
-
Employer
310
-
1 778
-
pensions
50
-
99
-
unemployment
8
-
44
-
accident
5
-
30
-
total
63
-
173
-
Corporate
1 577
1 950
-
-
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.

1 419
1 755
-
-
total
1 419
1 755
-
-
Dividends
158
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 624
1 792
879
618
After tax
326
158
1 071
1 332
Living cost
197
197
197
197
Free-cash
129
-39
874
1 135

Estimated living cost  is £197 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1859
£1767
£1488
£1781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 950
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
90
-
1 950
-
income
18
-
390
-
total
18
-
390
-
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%.

1 860
1 950
-
-
total
-
-
-
-
Dividends
1 860
1 950
-
-
withholding
93
97
-
-
total
93
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
111
97
390
19
After tax
1 839
1 853
1 560
1 931
Living cost
72
72
72
72
Free-cash
1 767
1 781
1 488
1 859

Estimated living cost  is £72 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£931
£1140
£915
£1197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
64
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.

-
-
-
322
income
-
-
-
339
health
-
-
-
59
total
-
-
-
784
Employee
320
-
1 610
-
pensions

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

22
-
94
-
income
55
-
334
-
health
4
-
19
-
unemployment
3
-
13
-
total
84
-
460
-
Employer
320
-
1 610
-
pensions

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

54
-
228
-
other
16
-
67
-
health
4
-
19
-
unemployment
3
-
13
-
accident
3
-
13
-
total
80
-
340
-
Corporate
1 549
1 950
-
-
income
325
410
-
-
total
325
410
-
-
Dividends
1 224
1 540
-
-
withholding
86
108
-
-
total
86
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
575
518
800
784
After tax
1 375
1 432
1 150
1 166
Living cost
235
235
235
235
Free-cash
1 140
1 197
915
931

Estimated living cost  is £235 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£678
£717
£504
£649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
87
income
-
-
-
601
total
-
-
-
688
Employee
826
-
1 700
-
pensions
80
-
104
-
income
149
-
485
-
health
14
-
23
-
total
243
-
612
-
Employer
826
-
1 700
-
pensions
98
-
218
-
health
16
-
32
-
total
114
-
250
-
Corporate
1 010
1 950
-
-
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.

192
370
-
-
total
192
370
-
-
Dividends
818
1 580
-
-
withholding
100
347
-
-
total
100
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
649
717
862
688
After tax
1 301
1 233
1 088
1 262
Living cost
584
584
584
584
Free-cash
717
649
504
678

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
£1462
£1510
£1542
£1552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions

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

-
-
-
45
income
-
-
-
292
health
-
-
-
35
unemployment
-
-
-
1
total
-
-
-
373
Employee
152
-
1 890
-
pensions

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

13
-
27
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
189
-
health
7
-
14
-
total
37
-
233
-
Employer
152
-
1 890
-
pensions

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

17
-
34
-
health
11
-
21
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
31
-
60
-
Corporate
1 768
1 950
-
-
income
177
195
-
-
total
177
195
-
-
Dividends
1 591
1 755
-
-
withholding
80
88
-
-
total
80
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
325
283
293
373
After tax
1 625
1 667
1 657
1 577
Living cost
115
115
115
115
Free-cash
1 510
1 552
1 542
1 462

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Varna model

Close
Amsterdam , Netherlands
£560
£505
£758
£484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
103
income
-
-
-
689
health
-
-
-
109
total
-
-
-
901
Employee
817
753
1 786
-
pensions
103
103
103
-
income

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

123
123
327
-
health
102
98
109
-
total
328
324
539
-
Employer
817
753
1 786
-
pensions
57
52
65
-
health
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
990
1 066
-
-
income
198
213
-
-
total
198
213
-
-
Dividends
792
852
-
-
income
168
181
-
-
withholding
119
128
-
-
total
287
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
956
977
703
901
After tax
994
973
1 247
1 049
Living cost
489
489
489
489
Free-cash
505
484
758
560

Estimated living cost  is £489 per week

£361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£926
£1045
£841
£1123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
315
income
-
-
-
206
health
-
-
-
263
solidarity contribution
-
-
-
21
total
-
-
-
805
Employee
322
-
1 542
-
income
39
-
190
-
social contributions
21
-
70
-
solidarity contribution
-
-
13
-
health
43
-
208
-
total
103
-
481
-
Employer
322
-
1 542
-
social contributions
80
-
270
-
health
29
-
139
-
total
109
-
409
-
Corporate
1 519
1 950
-
-
income
289
371
-
-
total
289
371
-
-
Dividends
1 230
1 579
-
-
withholding
185
237
-
-
total
185
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
686
608
890
805
After tax
1 264
1 342
1 060
1 145
Living cost
219
219
219
219
Free-cash
1 045
1 123
841
926

Estimated living cost  is £219 per week

£152
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£565
£623
£491
£668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
535
social contributions
-
-
-
441
municipal
-
-
-
12
regional
-
-
-
25
total
-
-
-
1 013
Employee
783
-
1 950
-
social contributions
264
-
578
-
municipal
4
-
11
-
regional
7
-
22
-
national
136
-
476
-
total
411
-
1 087
-
Employer
783
-
1 950
-
total
-
-
-
-
Corporate
1 167
1 950
-
-
municipal
45
76
-
-
nationa
280
468
-
-
total
325
544
-
-
Dividends
841
1 406
-
-
withholding
219
366
-
-
total
219
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
955
910
1 087
1 013
After tax
995
1 040
863
937
Living cost
372
372
372
372
Free-cash
623
668
491
565

Estimated living cost  is £372 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£724
£1007
£669
£1033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
surtax
-
-
-
102
pensions
-
-
-
235
income
-
-
-
609
health
-
-
-
84
unemployment
-
-
-
2
total
-
-
-
1 032
Employee
291
-
1 702
-
pensions
19
-
78
-
income
49
-
557
-
other
-
-
-
-
health
7
-
30
-
unemployment
20
-
82
-
surtax
1
-
92
-
total
96
-
839
-
Employer
291
-
1 702
-
pensions
39
-
157
-
other
-
-
-
-
health
13
-
54
-
unemployment
9
-
37
-
total
61
-
248
-
Corporate
1 597
1 950
-
-
income
415
507
-
-
total
415
507
-
-
Dividends
1 182
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
749
723
1 087
1 032
After tax
1 201
1 227
863
918
Living cost
194
194
194
194
Free-cash
1 007
1 033
669
724

Estimated living cost  is £194 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£863
£890
£689
£834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
87
income
-
-
-
601
total
-
-
-
688
Employee
554
-
1 700
-
pensions
47
-
104
-
income
100
-
485
-
health
8
-
23
-
total
155
-
612
-
Employer
554
-
1 700
-
pensions
60
-
218
-
health
11
-
32
-
total
71
-
250
-
Corporate
1 326
1 950
-
-
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.

252
370
-
-
total
252
370
-
-
Dividends
1 074
1 580
-
-
withholding
183
347
-
-
total
183
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
661
717
862
688
After tax
1 289
1 233
1 088
1 262
Living cost
399
399
399
399
Free-cash
890
834
689
863

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
£849
£490
£774
£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
47
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.

-
-
-
39
pensions
-
-
-
179
city
-
-
-
21
health
-
-
-
4
regional
-
-
-
106
total
-
-
-
396
Employee
825
-
1 752
-
city
9
-
19
-
pensions
69
-
139
-
health
2
-
4
-
regional
27
-
94
-
unemployment
-
-
-
-
national
4
-
37
-
total
111
-
293
-
Employer
825
-
1 752
-
pensions
69
-
139
-
other

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

16
-
35
-
health
2
-
4
-
unemployment
-
-
-
-
total
87
-
178
-
Corporate
1 028
1 950
-
-
national
87
166
-
-
regional
217
412
-
-
total
304
578
-
-
Dividends
723
1 372
-
-
withholding
253
480
-
-
total
253
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
755
1 058
471
396
After tax
1 195
892
1 479
1 554
Living cost
705
705
705
705
Free-cash
490
187
774
849

Estimated living cost  is £705 per week

£459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£539
£702
£803
£560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
36
trade
-
-
-
264
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.

-
-
-
647
health

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

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

-
-
-
60
total
-
-
-
1 007
Employee

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

530
-
1 950
-
income

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

62
-
647
-
health

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

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

60
-
60
-
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
-
36
-
total
125
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 420
1 950
-
-
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
-
-
income
213
292
-
-
trade
244
334
-
-
chamber of commerce
3
4
-
-
total
472
646
-
-
Dividends
949
1 303
-
-
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
18
-
-
withholding
234
322
-
-
total
247
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
844
986
743
1 007
After tax
1 106
964
1 207
943
Living cost
404
404
404
404
Free-cash
702
560
803
539

Estimated living cost  is £404 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£768
£734
£713
£681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
surtax
-
-
-
-
pensions
-
-
-
310
social contributions
-
-
-
56
income
-
-
-
359
health
-
-
-
95
total
-
-
-
880
Employee
377
-
1 489
-
pensions
43
-
112
-
income
22
-
320
-
social contributions
11
-
42
-
surtax
-
-
-
-
total
76
-
474
-
Employer
377
-
1 489
-
pensions
62
-
187
-
other
13
-
62
-
social contributions
1
-
4
-
health
26
-
148
-
unemployment
15
-
60
-
total
117
-
461
-
Corporate
1 455
1 950
-
-
surtax
-
-
-
-
income
407
546
-
-
total
407
546
-
-
Dividends
1 048
1 404
-
-
surtax
-
-
-
-
withholding
134
180
-
-
social contributions
180
241
-
-
total
314
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
914
967
935
880
After tax
1 036
983
1 015
1 070
Living cost
302
302
302
302
Free-cash
734
681
713
768

Estimated living cost  is £302 per week

£190
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£798
£759
£743
£711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
surtax
-
-
-
-
pensions
-
-
-
310
social contributions
-
-
-
56
income
-
-
-
359
health
-
-
-
95
total
-
-
-
880
Employee
337
-
1 489
-
pensions
38
-
112
-
income
17
-
320
-
social contributions
10
-
42
-
surtax
-
-
-
-
total
65
-
474
-
Employer
337
-
1 489
-
pensions
55
-
187
-
other
12
-
62
-
social contributions
1
-
4
-
health
24
-
148
-
unemployment
14
-
60
-
total
106
-
461
-
Corporate
1 508
1 950
-
-
surtax
-
-
-
-
income
422
546
-
-
total
422
546
-
-
Dividends
1 086
1 404
-
-
surtax
-
-
-
-
withholding
139
180
-
-
social contributions
187
241
-
-
total
326
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
935
880
After tax
1 031
983
1 015
1 070
Living cost
272
272
272
272
Free-cash
759
711
743
798

Estimated living cost  is £272 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1066
£1008
£1014
£1003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
269
income
-
-
-
292
health
-
-
-
136
total
-
-
-
697
Employee
299
-
1 950
-
income
50
-
344
-
social contributions
41
-
269
-
health
21
-
136
-
total
112
-
749
-
Employer
299
-
1 950
-
total
-
-
-
-
Corporate
1 651
1 950
-
-
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%.

83
97
-
-
total
83
97
-
-
Dividends
1 569
1 853
-
-
health
109
129
-
-
withholding
235
278
-
-
social contributions
216
256
-
-
total
560
663
-
-
Income
1 950
1 950
1 950
1 950
Total tax
755
760
749
697
After tax
1 195
1 190
1 201
1 253
Living cost
187
187
187
187
Free-cash
1 008
1 003
1 014
1 066

Estimated living cost  is £187 per week

£125
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£688
£751
£201
£761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
2
chamber of commerce
-
-
-
8
pensions
-
-
-
190
income
-
-
-
618
health
-
-
-
79
unemployment
-
-
-
54
total
-
-
-
951
Employee
440
351
1 610
-
pensions
45
36
105
-
income
50
26
518
-
other
4
4
10
-
health
17
14
40
-
unemployment
13
11
31
-
total
129
91
704
-
Employer
440
351
1 610
-
surtax
2
2
2
-
pensions
55
44
129
-
other
21
17
72
-
health
17
13
39
-
unemployment
13
11
31
-
chamber of commerce
2
1
6
-
payroll
13
11
48
-
accident
6
5
13
-
total
129
104
340
-
Corporate
1 381
1 496
1 576
-
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.

345
374
394
-
total
345
374
394
-
Dividends
1 036
1 122
-
-
withholding
285
309
-
-
total
285
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
888
878
1 438
951
After tax
1 062
1 072
512
999
Living cost
311
311
311
311
Free-cash
751
761
201
688

Estimated living cost  is £311 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£527
£637
£343
£751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
778
communal

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

-
-
-
104
social contributions
-
-
-
220
total
-
-
-
1 102
Employee

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

630
-
1 510
-
pensions

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

47
-
113
-
health

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

30
-
71
-
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
194
-
570
-
communal

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

33
-
79
-
total
309
-
846
-
Employer

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

630
-
1 510
-
surtax
71
-
171
-
pensions

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

56
-
134
-
health

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

39
-
93
-
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
-
22
-
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
-
20
-
total
183
-
440
-
Corporate
1 136
1 950
-
-
surtax
5
8
-
-
income
227
415
-
-
total
232
423
-
-
Dividends
904
1 527
-
-
withholding

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

268
455
-
-
total
268
455
-
-
Income
1 950
1 950
1 950
1 950
Total tax
992
878
1 286
1 102
After tax
958
1 072
664
848
Living cost
321
321
321
321
Free-cash
637
751
343
527

Estimated living cost  is £321 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£772
£916
£734
£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
-
-
-
1 950
other
-
-
-
1
pensions
-
-
-
231
income
-
-
-
615
accident
-
-
-
7
unemployment
-
-
-
6
total
-
-
-
860
Employee
439
-
1 690
-
pensions
21
-
38
-
income
93
-
585
-
other
-
-
1
-
unemployment
7
-
13
-
total
121
-
637
-
Employer
439
-
1 690
-
pensions
104
-
193
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
140
-
261
-
Corporate
1 371
1 950
-
-
income

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

206
292
-
-
total
206
292
-
-
Dividends
1 166
1 658
-
-
withholding
249
362
-
-
total
249
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
716
654
898
860
After tax
1 234
1 296
1 052
1 090
Living cost
318
318
318
318
Free-cash
916
978
734
772

Estimated living cost  is £318 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£441
£509
£518
£628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
97
communal
-
-
-
123
pensions
-
-
-
292
income
-
-
-
365
accident
-
-
-
16
health
-
-
-
137
total
-
-
-
1 030
Employee
667
-
1 742
-
pensions
53
-
139
-
income
64
-
421
-
health
30
-
78
-
surtax
41
-
107
-
total
188
-
745
-
Employer
667
-
1 742
-
pensions
53
-
139
-
health
20
-
53
-
accident
6
-
16
-
total
79
-
208
-
Corporate
1 203
1 950
-
-
surtax
13
20
-
-
income
180
292
-
-
communal
81
132
-
-
total
274
444
-
-
Dividends
929
1 505
-
-
income
282
173
-
-
withholding
139
226
-
-
total
421
399
-
-
Income
1 950
1 950
1 950
1 950
Total tax
962
843
953
1 030
After tax
988
1 107
997
920
Living cost
479
479
479
479
Free-cash
509
628
518
441

Estimated living cost  is £479 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£720
£999
£665
£1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
surtax
-
-
-
102
pensions
-
-
-
235
income
-
-
-
609
health
-
-
-
84
unemployment
-
-
-
2
total
-
-
-
1 032
Employee
297
-
1 702
-
pensions
20
-
78
-
income
50
-
557
-
other
-
-
-
-
health
8
-
30
-
unemployment
21
-
82
-
surtax
1
-
92
-
total
100
-
839
-
Employer
297
-
1 702
-
pensions
40
-
157
-
other
-
-
-
-
health
13
-
54
-
unemployment
9
-
37
-
total
62
-
248
-
Corporate
1 591
1 950
-
-
income
414
507
-
-
total
414
507
-
-
Dividends
1 177
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
753
723
1 087
1 032
After tax
1 197
1 227
863
918
Living cost
198
198
198
198
Free-cash
999
1 029
665
720

Estimated living cost  is £198 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£694
£767
£620
£788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
535
social contributions
-
-
-
441
municipal
-
-
-
12
regional
-
-
-
31
total
-
-
-
1 019
Employee
489
-
1 950
-
social contributions
165
-
578
-
municipal
3
-
11
-
regional
7
-
28
-
national
77
-
476
-
total
252
-
1 093
-
Employer
489
-
1 950
-
total
-
-
-
-
Corporate
1 461
1 950
-
-
municipal
73
97
-
-
nationa
351
468
-
-
total
424
565
-
-
Dividends
1 038
1 385
-
-
withholding
270
360
-
-
total
270
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
946
925
1 093
1 019
After tax
1 004
1 025
857
931
Living cost
237
237
237
237
Free-cash
767
788
620
694

Estimated living cost  is £237 per week

£148
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.
£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 Naples model

Close
Prague , Czech Republic
£875
£975
£790
£1072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
315
income
-
-
-
206
health
-
-
-
263
solidarity contribution
-
-
-
21
total
-
-
-
805
Employee
397
-
1 542
-
income
48
-
190
-
social contributions
26
-
70
-
solidarity contribution
-
-
13
-
health
54
-
208
-
total
128
-
481
-
Employer
397
-
1 542
-
social contributions
99
-
270
-
health
36
-
139
-
total
135
-
409
-
Corporate
1 419
1 950
-
-
income
270
371
-
-
total
270
371
-
-
Dividends
1 149
1 579
-
-
withholding
172
237
-
-
total
172
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
705
608
890
805
After tax
1 245
1 342
1 060
1 145
Living cost
270
270
270
270
Free-cash
975
1 072
790
875

Estimated living cost  is £270 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Prague model

Close
Graz , Austria
£720
£790
£233
£793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
-
chamber of commerce
-
-
-
8
pensions
-
-
-
190
income
-
-
-
618
health
-
-
-
79
unemployment
-
-
-
54
total
-
-
-
949
Employee
385
351
1 611
-
pensions
39
36
105
-
income
34
26
518
-
other
4
4
10
-
health
15
14
40
-
unemployment
12
11
31
-
total
104
91
704
-
Employer
385
351
1 611
-
surtax
-
-
-
-
pensions
48
44
129
-
other
18
17
72
-
health
15
13
39
-
unemployment
12
11
31
-
chamber of commerce
2
1
6
-
payroll
12
11
48
-
accident
5
5
13
-
total
112
102
338
-
Corporate
1 454
1 498
1 578
-
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.

363
374
394
-
total
363
374
394
-
Dividends
1 090
1 123
-
-
withholding
300
309
-
-
total
300
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
879
876
1 436
949
After tax
1 071
1 074
514
1 001
Living cost
281
281
281
281
Free-cash
790
793
233
720

Estimated living cost  is £281 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1819
£1719
£1448
£1741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 950
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
140
-
1 950
-
income
28
-
390
-
total
28
-
390
-
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%.

1 810
1 950
-
-
total
-
-
-
-
Dividends
1 810
1 950
-
-
withholding
91
97
-
-
total
91
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
119
97
390
19
After tax
1 831
1 853
1 560
1 931
Living cost
112
112
112
112
Free-cash
1 719
1 741
1 448
1 819

Estimated living cost  is £112 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£673
£1034
£631
£1106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 950
pensions
-
-
-
356
income
-
-
-
490
health
-
-
-
192
unemployment
-
-
-
3
total
-
-
-
1 041
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.

390
-
1 687
-
pensions
60
-
262
-
income
67
-
448
-
health
25
-
109
-
unemployment
1
-
2
-
total
153
-
821
-
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.

390
-
1 687
-
pensions
34
-
149
-
health
26
-
112
-
unemployment
-
-
1
-
total
60
-
262
-
Corporate
1 500
1 950
-
-
income
285
371
-
-
total
285
371
-
-
Dividends
1 215
1 579
-
-
withholding
182
237
-
-
total
182
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
680
608
1 083
1 041
After tax
1 270
1 342
867
909
Living cost
236
236
236
236
Free-cash
1 034
1 106
631
673

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£944
£336
£1423
£782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
222
income
-
-
-
380
total
-
-
-
602
Employee
579
-
-
-
income
128
-
-
-
social contributions
48
-
7
-
total
176
-
7
-
Employer
579
-
-
-
social contributions
817
-
116
-
total
817
-
116
-
Corporate
554
1 950
-
-
income
122
429
-
-
total
122
429
-
-
Dividends
432
1 521
-
-
income
95
335
-
-
total
95
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 210
764
123
602
After tax
740
1 186
1 827
1 348
Living cost
404
404
404
404
Free-cash
336
782
1 423
944

Estimated living cost  is £404 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£742
£825
£592
£833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
surtax
-
-
-
-
social contributions

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

-
-
-
678
income
-
-
-
254
total
-
-
-
932
Employee
405
-
1 576
-
income
84
-
533
-
social contributions
45
-
173
-
surtax
-
-
2
-
total
129
-
708
-
Employer
405
-
1 576
-
social contributions
96
-
374
-
total
96
-
374
-
Corporate
1 448
1 950
-
-
surtax
-
-
-
-
income
304
410
-
-
total
304
410
-
-
Dividends
1 144
1 540
-
-
withholding
320
431
-
-
total
320
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
849
841
1 082
932
After tax
1 101
1 109
868
1 018
Living cost
276
276
276
276
Free-cash
825
833
592
742

Estimated living cost  is £276 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£644
£617
£589
£557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
surtax
-
-
-
-
pensions
-
-
-
310
social contributions
-
-
-
56
income
-
-
-
359
health
-
-
-
95
total
-
-
-
880
Employee
552
-
1 489
-
pensions
62
-
112
-
income
48
-
320
-
social contributions
16
-
42
-
surtax
-
-
-
-
total
126
-
474
-
Employer
552
-
1 489
-
pensions
91
-
187
-
other
19
-
62
-
social contributions
2
-
4
-
health
39
-
148
-
unemployment
22
-
60
-
total
173
-
461
-
Corporate
1 226
1 950
-
-
surtax
-
-
-
-
income
343
546
-
-
total
343
546
-
-
Dividends
882
1 404
-
-
surtax
-
-
-
-
withholding
113
180
-
-
social contributions
152
241
-
-
total
265
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
907
967
935
880
After tax
1 043
983
1 015
1 070
Living cost
426
426
426
426
Free-cash
617
557
589
644

Estimated living cost  is £426 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1157
£1461
£1209
£1490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
429
income
-
-
-
99
total
-
-
-
528
Employee
283
-
1 688
-
social contributions
18
-
110
-
income
-
-
104
-
total
18
-
214
-
Employer
283
-
1 688
-
social contributions
44
-
262
-
total
44
-
262
-
Corporate
1 623
1 950
-
-
income
162
195
-
-
total
162
195
-
-
Dividends
1 460
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
224
195
476
528
After tax
1 726
1 755
1 474
1 422
Living cost
265
265
265
265
Free-cash
1 461
1 490
1 209
1 157

Estimated living cost  is £265 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£703
£17
£31
£31
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
242
labour market
-
-
-
155
pensions
-
-
-
8
municipal
-
-
-
418
total
-
-
-
823
Employee
1 789
1 789
1 789
-
pensions
3
3
3
-
labour market
143
143
143
-
municipal
381
381
381
-
national
219
219
219
-
total
746
746
746
-
Employer
1 789
1 789
1 789
-
labour market
143
143
143
-
pensions
5
5
5
-
national
219
219
219
-
municipal
382
382
382
-
total
749
749
749
-
Corporate
33
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
26
-
-
-
withholding
7
-
-
-
total
7
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 509
1 495
1 495
823
After tax
441
455
455
1 127
Living cost
424
424
424
424
Free-cash
17
31
31
703

Estimated living cost  is £424 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£1138
£129
£877
-£36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
556
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
305
-
1 778
-
pensions
34
-
68
-
income
42
-
434
-
health
35
-
204
-
total
111
-
706
-
Employer
305
-
1 778
-
pensions
50
-
99
-
unemployment
7
-
44
-
accident
5
-
30
-
total
62
-
173
-
Corporate
1 583
1 950
-
-
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.

1 424
1 755
-
-
total
1 424
1 755
-
-
Dividends
158
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 627
1 792
879
618
After tax
323
158
1 071
1 332
Living cost
194
194
194
194
Free-cash
129
-36
877
1 138

Estimated living cost  is £194 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£863
£887
£636
£859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
national
-
-
-
377
municipal
-
-
-
346
health
-
-
-
26
total
-
-
-
749
Employee
464
-
1 640
-
pensions
31
-
111
-
health
3
-
22
-
municipal
76
-
267
-
unemployment
7
-
25
-
national
8
-
240
-
total
125
-
665
-
Employer
464
-
1 640
-
pensions
80
-
285
-
health
4
-
13
-
unemployment
3
-
11
-
accident
-
-
2
-
total
87
-
311
-
Corporate
1 399
1 950
-
-
income
280
390
-
-
total
280
390
-
-
Dividends

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

839
1 170
-
-
municipal
151
211
-
-
national
82
152
-
-
total
233
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
725
753
976
749
After tax
1 225
1 197
974
1 201
Living cost
338
338
338
338
Free-cash
887
859
636
863

Estimated living cost  is £338 per week

£221
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1108
£1169
£1093
£1217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
143
income
-
-
-
445
health
-
-
-
50
total
-
-
-
638
Employee
678
678
1 840
-
income
74
63
436
-
social contributions
26
56
76
-
health
5
12
31
-
total
105
131
543
-
Employer
678
678
1 840
-
social contributions
26
56
76
-
health
6
13
34
-
total
32
69
110
-
Corporate
1 610
1 203
-
-
income
201
150
-
-
total
201
150
-
-
Dividends
1 409
1 053
-
-
withholding
239
179
-
-
total
239
179
-
-
Income
1 950
1 950
1 950
1 950
Total tax
577
529
653
638
After tax
1 373
1 421
1 297
1 312
Living cost
204
204
204
204
Free-cash
1 169
1 217
1 093
1 108

Estimated living cost  is £204 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1520
£1431
£1344
£1474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 950
pensions
-
-
-
56
income
-
-
-
202
health
-
-
-
32
unemployment
-
-
-
-
total
-
-
-
290
Employee

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

202
-
1 864
-
pensions
30
-
125
-
income
14
-
180
-
health
17
-
71
-
unemployment
1
-
4
-
total
62
-
380
-
Employer

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

202
-
1 864
-
pensions
11
-
46
-
health
9
-
36
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 727
1 950
-
-
income
155
176
-
-
total
155
176
-
-
Dividends
1 571
1 774
-
-
withholding
141
160
-
-
total
141
160
-
-
Income
1 950
1 950
1 950
1 950
Total tax
379
336
466
290
After tax
1 571
1 614
1 484
1 660
Living cost
140
140
140
140
Free-cash
1 431
1 474
1 344
1 520

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£848
£1015
£810
£1054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
pensions
-
-
-
231
income
-
-
-
615
accident
-
-
-
7
unemployment
-
-
-
6
total
-
-
-
860
Employee
326
-
1 690
-
pensions
15
-
38
-
income
63
-
585
-
other
-
-
1
-
unemployment
5
-
13
-
total
83
-
637
-
Employer
326
-
1 690
-
pensions
77
-
193
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
total
104
-
261
-
Corporate
1 520
1 950
-
-
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.

228
292
-
-
total
228
292
-
-
Dividends
1 292
1 658
-
-
withholding
278
362
-
-
total
278
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
693
654
898
860
After tax
1 257
1 296
1 052
1 090
Living cost
242
242
242
242
Free-cash
1 015
1 054
810
848

Estimated living cost  is £242 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1242
£1199
£1241
£1201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
12
income
-
-
-
672
health
-
-
-
8
total
-
-
-
692
Employee
24
-
1 937
-
pensions
2
-
5
-
income
5
-
671
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
680
-
Employer
24
-
1 937
-
pensions
3
-
6
-
health
2
-
6
-
unemployment
-
-
1
-
total
5
-
13
-
Corporate
1 920
1 950
-
-
income
422
429
-
-
total
422
429
-
-
Dividends
1 498
1 521
-
-
withholding
300
304
-
-
total
300
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
735
733
693
692
After tax
1 215
1 217
1 257
1 258
Living cost
16
16
16
16
Free-cash
1 199
1 201
1 241
1 242

Estimated living cost  is £16 per week

£9
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1101
£1212
£1102
£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

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.

-
-
-
1 950
pensions
-
-
-
169
income
-
-
-
451
health
-
-
-
67
unemployment
-
-
-
10
total
-
-
-
697
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.

229
-
1 834
-
pensions
32
-
91
-
income
32
-
451
-
health
12
-
33
-
unemployment
2
-
5
-
total
78
-
580
-
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.

229
-
1 834
-
pensions
28
-
78
-
health
12
-
33
-
unemployment
2
-
5
-
total
42
-
116
-
Corporate
1 679
1 950
-
-
income
252
292
-
-
total
252
292
-
-
Dividends
1 428
1 658
-
-
withholding
214
249
-
-
total
214
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
586
541
696
697
After tax
1 364
1 409
1 254
1 253
Living cost
152
152
152
152
Free-cash
1 212
1 257
1 102
1 101

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£780
£867
£630
£871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
surtax
-
-
-
-
social contributions

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

-
-
-
678
income
-
-
-
254
total
-
-
-
932
Employee
342
-
1 576
-
income
67
-
533
-
social contributions
38
-
173
-
surtax
-
-
2
-
total
105
-
708
-
Employer
342
-
1 576
-
social contributions
81
-
374
-
total
81
-
374
-
Corporate
1 527
1 950
-
-
surtax
-
-
-
-
income
321
410
-
-
total
321
410
-
-
Dividends
1 206
1 540
-
-
withholding
338
431
-
-
total
338
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
845
841
1 082
932
After tax
1 105
1 109
868
1 018
Living cost
238
238
238
238
Free-cash
867
871
630
780

Estimated living cost  is £238 per week

£168
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.
£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 Porto model

Close
Madrid , Spain
£780
£929
£742
£986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
pensions
-
-
-
231
income
-
-
-
615
accident
-
-
-
7
unemployment
-
-
-
6
total
-
-
-
860
Employee
426
-
1 690
-
pensions
20
-
38
-
income
89
-
585
-
other
-
-
1
-
unemployment
7
-
13
-
total
116
-
637
-
Employer
426
-
1 690
-
pensions
100
-
193
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
total
134
-
261
-
Corporate
1 389
1 950
-
-
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.

208
292
-
-
total
208
292
-
-
Dividends
1 180
1 658
-
-
withholding
253
362
-
-
total
253
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
711
654
898
860
After tax
1 239
1 296
1 052
1 090
Living cost
310
310
310
310
Free-cash
929
986
742
780

Estimated living cost  is £310 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1426
£1463
£1506
£1516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions

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

-
-
-
45
income
-
-
-
292
health
-
-
-
35
unemployment
-
-
-
1
total
-
-
-
373
Employee
200
-
1 890
-
pensions

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

18
-
27
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
189
-
health
9
-
14
-
total
49
-
233
-
Employer
200
-
1 890
-
pensions

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

22
-
34
-
health
14
-
21
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
60
-
Corporate
1 711
1 950
-
-
income
171
195
-
-
total
171
195
-
-
Dividends
1 540
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
336
283
293
373
After tax
1 614
1 667
1 657
1 577
Living cost
151
151
151
151
Free-cash
1 463
1 516
1 506
1 426

Estimated living cost  is £151 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£646
£778
£867
£664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
36
trade
-
-
-
221
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.

-
-
-
647
health

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

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

-
-
-
60
total
-
-
-
964
Employee

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

439
-
1 950
-
income

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

36
-
647
-
health

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

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

60
-
60
-
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
-
36
-
total
98
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 511
1 950
-
-
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
-
-
income
227
292
-
-
trade
217
280
-
-
chamber of commerce
4
4
-
-
total
460
592
-
-
Dividends
1 052
1 357
-
-
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
260
336
-
-
total
274
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
832
946
743
964
After tax
1 118
1 004
1 207
986
Living cost
340
340
340
340
Free-cash
778
664
867
646

Estimated living cost  is £340 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£479
£882
£479
£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
-
-
-
1 950
income
-
-
-
634
social contributions
-
-
-
335
total
-
-
-
969
Employee
689
-
1 950
-
income
130
-
634
-
social contributions
57
-
335
-
total
187
-
969
-
Employer
689
-
1 950
-
total
-
-
-
-
Corporate
1 261
1 950
-
-
income
158
244
-
-
total
158
244
-
-
Dividends
1 103
1 706
-
-
withholding
221
341
-
-
total
221
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
566
585
969
969
After tax
1 384
1 365
981
981
Living cost
502
502
502
502
Free-cash
882
863
479
479

Estimated living cost  is £502 per week

£382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1285
£930
£1041
£901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
income
-
-
-
292
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
53
total
-
-
-
345
Employee
404
-
1 909
-
social contributions
41
-
41
-
income
44
-
507
-
total
85
-
548
-
Employer
404
-
1 909
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 505
1 950
-
-
income
527
682
-
-
total
527
682
-
-
Dividends
978
1 268
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 950
1 950
1 950
1 950
Total tax
700
729
589
345
After tax
1 250
1 221
1 361
1 605
Living cost
320
320
320
320
Free-cash
930
901
1 041
1 285

Estimated living cost  is £320 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£938
£960
£764
£909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
87
income
-
-
-
601
total
-
-
-
688
Employee
445
-
1 700
-
pensions
34
-
104
-
income
81
-
485
-
health
6
-
23
-
total
121
-
612
-
Employer
445
-
1 700
-
pensions
45
-
218
-
health
8
-
32
-
total
53
-
250
-
Corporate
1 451
1 950
-
-
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.

276
370
-
-
total
276
370
-
-
Dividends
1 176
1 580
-
-
withholding
216
347
-
-
total
216
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
666
717
862
688
After tax
1 284
1 233
1 088
1 262
Living cost
324
324
324
324
Free-cash
960
909
764
938

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
£1119
£125
£858
-£55
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
556
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
335
-
1 778
-
pensions
38
-
68
-
income
46
-
434
-
health
38
-
204
-
total
122
-
706
-
Employer
335
-
1 778
-
pensions
55
-
99
-
unemployment
8
-
44
-
accident
6
-
30
-
total
69
-
173
-
Corporate
1 546
1 950
-
-
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.

1 392
1 755
-
-
total
1 392
1 755
-
-
Dividends
155
195
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 612
1 792
879
618
After tax
338
158
1 071
1 332
Living cost
213
213
213
213
Free-cash
125
-55
858
1 119

Estimated living cost  is £213 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1116
£1346
£1310
£1373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
pensions
-
-
-
259
work injury
-
-
-
7
health insurance
-
-
-
104
income
-
-
-
328
unemployment
-
-
-
17
total
-
-
-
715
Employee

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

190
-
1 950
-
pensions
35
-
129
-
income
19
-
328
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
total
71
-
521
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 760
1 950
-
-
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%.

176
195
-
-
total
176
195
-
-
Dividends
1 584
1 755
-
-
withholding
238
263
-
-
total
238
263
-
-
Income
1 950
1 950
1 950
1 950
Total tax
485
458
521
715
After tax
1 465
1 492
1 429
1 235
Living cost
119
119
119
119
Free-cash
1 346
1 373
1 310
1 116

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£562
£637
£490
£676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
535
social contributions
-
-
-
441
municipal
-
-
-
14
regional
-
-
-
47
total
-
-
-
1 037
Employee
743
-
1 950
-
social contributions
250
-
578
-
municipal
4
-
12
-
regional
11
-
43
-
national
126
-
476
-
total
391
-
1 109
-
Employer
743
-
1 950
-
total
-
-
-
-
Corporate
1 207
1 950
-
-
municipal
58
94
-
-
nationa
290
468
-
-
total
348
562
-
-
Dividends
859
1 388
-
-
withholding
223
361
-
-
total
223
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
962
923
1 109
1 037
After tax
988
1 027
841
913
Living cost
351
351
351
351
Free-cash
637
676
490
562

Estimated living cost  is £351 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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