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
£811
£939
£714
£697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
61
trade
-
-
-
242
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.

-
-
-
645
surtax

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

-
-
-
35
total
-
-
-
983
Employee

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

341
-
1 950
-
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.

61
-
61
-
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.

10
-
645
-
surtax

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

1
-
35
-
total
72
-
741
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 609
1 950
-
-
income
241
292
-
-
chamber of commerce
4
4
-
-
surtax

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

13
16
-
-
trade
253
307
-
-
total
511
619
-
-
Dividends
1 097
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
271
329
-
-
total
286
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
869
966
741
983
After tax
1 081
984
1 209
967
Living cost
270
270
270
270
Free-cash
811
714
939
697

Estimated living cost  is £270 per week

£170
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.
£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 Dresden model

Close
Reykjavik , Iceland
£747
£667
£756
£657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
21
municipal
-
-
-
216
pensions
-
-
-
234
national
-
-
-
361
total
-
-
-
832
Employee
714
-
1 686
-
pensions
29
-
67
-
municipal
88
-
224
-
national
137
-
378
-
total
254
-
669
-
Employer
714
-
1 686
-
pensions
57
-
135
-
social contributions
8
-
18
-
total
65
-
153
-
Corporate
1 124
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%.

225
390
-
-
total
225
390
-
-
Dividends
899
1 560
-
-
withholding
198
343
-
-
total
198
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
742
733
822
832
After tax
1 208
1 217
1 128
1 118
Living cost
461
461
461
461
Free-cash
747
756
667
657

Estimated living cost  is £461 per week

£313
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1301
£659
£1374
£520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
342
income
-
-
-
405
surtax
-
-
-
497
microenterprise
-
-
-
-
total
-
-
-
1 244
Employee
261
-
1 526
-
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.

29
-
117
-
income
46
-
343
-
surtax
-
-
221
-
total
75
-
681
-
Employer
261
-
1 526
-
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.

63
-
256
-
total
63
-
424
-
Corporate
1 626
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%.

325
390
-
-
total
325
390
-
-
Dividends

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

1 301
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
463
390
1 105
1 244
After tax
1 487
1 560
845
706
Living cost
186
186
186
186
Free-cash
1 301
1 374
659
520

Estimated living cost  is £186 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£542
£873
£596
£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
health
-
-
-
110
income
-
-
-
685
pensions
-
-
-
105
total
-
-
-
900
Employee
762
762
1 784
-
pensions
137
105
105
-
health
117
100
110
-
income

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

125
125
322
-
total
379
330
537
-
Employer
762
762
1 784
-
pensions
53
53
66
-
health
53
53
66
-
unemployment
27
27
34
-
total
133
133
166
-
Corporate
1 064
1 054
-
-
income
213
211
-
-
total
213
211
-
-
Dividends
851
843
-
-
income
181
179
-
-
withholding
128
127
-
-
total
309
306
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 034
980
703
900
After tax
916
970
1 247
1 050
Living cost
374
374
374
374
Free-cash
542
596
873
676

Estimated living cost  is £374 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£691
£606
£699
£614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
health
-
-
-
50
municipal
-
-
-
512
pensions
-
-
-
87
other
-
-
-
93
unemployment
-
-
-
1
national
-
-
-
225
total
-
-
-
970
Employee
521
-
1 698
-
municipal
155
-
506
-
national
-
-
220
-
total
155
-
726
-
Employer
521
-
1 698
-
pensions
56
-
87
-
other
61
-
93
-
health
32
-
49
-
unemployment
14
-
21
-
accident
1
-
2
-
total
164
-
252
-
Corporate
1 265
1 950
-
-
income
278
429
-
-
total
278
429
-
-
Dividends
987
1 521
-
-
withholding
296
456
-
-
total
296
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
893
885
978
970
After tax
1 057
1 065
972
980
Living cost
366
366
366
366
Free-cash
691
699
606
614

Estimated living cost  is £366 per week

£242
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
£748
£858
£622
£605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
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.

-
-
-
61
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.

-
-
-
645
surtax

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

-
-
-
35
total
-
-
-
994
Employee

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

453
-
1 950
-
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.

61
-
61
-
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.

39
-
645
-
surtax

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

2
-
35
-
total
102
-
741
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 497
1 950
-
-
income
225
292
-
-
chamber of commerce
3
4
-
-
surtax

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

12
16
-
-
trade
246
321
-
-
total
486
633
-
-
Dividends
1 011
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
249
326
-
-
total
263
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
851
977
741
994
After tax
1 099
973
1 209
956
Living cost
351
351
351
351
Free-cash
748
622
858
605

Estimated living cost  is £351 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.
£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

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
£1096
£1008
£1130
£1024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
144
health
-
-
-
50
income
-
-
-
442
total
-
-
-
636
Employee
686
686
1 839
-
health
7
12
31
-
social contributions
33
57
77
-
income
72
64
433
-
total
112
133
541
-
Employer
686
686
1 839
-
health
7
13
34
-
social contributions
33
57
77
-
total
40
70
111
-
Corporate
1 507
1 194
-
-
income
188
149
-
-
total
188
149
-
-
Dividends
1 319
1 045
-
-
withholding
224
178
-
-
total
224
178
-
-
Income
1 950
1 950
1 950
1 950
Total tax
564
530
652
636
After tax
1 386
1 420
1 298
1 314
Living cost
290
290
290
290
Free-cash
1 096
1 130
1 008
1 024

Estimated living cost  is £290 per week

£198
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.
£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

Source of data for Limassol model

Close
Budapest , Hungary
£931
£966
£928
£1185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
137
income
-
-
-
238
pensions
-
-
-
195
unemployment
-
-
-
29
total
-
-
-
599
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.

240
95
1 632
-
unemployment
4
1
24
-
pensions
24
10
163
-
health
17
7
114
-
income
29
12
199
-
total
74
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.

240
95
1 632
-
pensions
47
19
318
-
total
47
19
318
-
Corporate
1 663
1 836
-
-
income
150
165
-
-
total
150
165
-
-
Dividends
1 514
1 671
-
-
social contributions
294
325
-
-
withholding
288
317
-
-
total
582
642
-
-
Income
1 950
1 950
1 950
1 950
Total tax
853
856
818
599
After tax
1 097
1 094
1 132
1 351
Living cost
166
166
166
166
Free-cash
931
928
966
1 185

Estimated living cost  is £166 per week

£113
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.
£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 Budapest model

Close
Tallinn , Estonia
£1288
£909
£1344
£830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
253
income
-
-
-
261
pensions
-
-
-
390
total
-
-
-
904
Employee
253
-
1 457
-
unemployment
4
-
23
-
pensions
5
-
29
-
income
29
-
281
-
total
38
-
333
-
Employer
253
-
1 457
-
pensions
51
-
291
-
health
33
-
189
-
unemployment
2
-
12
-
total
86
-
492
-
Corporate
1 611
1 950
-
-
income
322
390
-
-
total
322
390
-
-
Dividends
1 289
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
446
390
825
904
After tax
1 504
1 560
1 125
1 046
Living cost
216
216
216
216
Free-cash
1 288
1 344
909
830

Estimated living cost  is £216 per week

£148
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.
£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 Tallinn model

Close
Gdansk , Poland
£128
£871
-£42
£1132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
555
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
618
Employee
314
-
1 777
-
pensions
35
-
69
-
health
36
-
203
-
income
43
-
433
-
total
114
-
705
-
Employer
314
-
1 777
-
pensions
51
-
100
-
unemployment
8
-
44
-
accident
5
-
30
-
total
64
-
174
-
Corporate
1 572
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.

1 414
1 755
-
-
total
1 414
1 755
-
-
Dividends
157
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 622
1 792
879
618
After tax
328
158
1 071
1 332
Living cost
200
200
200
200
Free-cash
128
-42
871
1 132

Estimated living cost  is £200 per week

£146
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
£1766
£1486
£1780
£1856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20
total
-
-
-
20
Employee
92
-
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%.

1 858
1 950
-
-
total
-
-
-
-
Dividends
1 858
1 950
-
-
withholding
93
97
-
-
total
93
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
111
97
390
20
After tax
1 839
1 853
1 560
1 930
Living cost
74
74
74
74
Free-cash
1 766
1 780
1 486
1 856

Estimated living cost  is £74 per week

£46
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.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1134
£907
£1194
£925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
60
income
-
-
-
337
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.

-
-
-
326
other
-
-
-
64
total
-
-
-
787
Employee
324
-
1 606
-
unemployment
3
-
14
-
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.

23
-
95
-
health
5
-
19
-
income
56
-
332
-
total
87
-
460
-
Employer
324
-
1 606
-
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.

55
-
231
-
other
16
-
68
-
health
5
-
19
-
unemployment
3
-
14
-
accident
3
-
13
-
total
82
-
345
-
Corporate
1 544
1 950
-
-
income
324
410
-
-
total
324
410
-
-
Dividends
1 220
1 540
-
-
withholding
85
108
-
-
total
85
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
578
518
805
787
After tax
1 372
1 432
1 145
1 163
Living cost
238
238
238
238
Free-cash
1 134
1 194
907
925

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.
£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.
£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 Bratislava model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
826
-
1 700
-
pensions
80
-
104
-
health
14
-
23
-
income
149
-
485
-
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
£1509
£1539
£1550
£1457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
36
income
-
-
-
293
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
376
Employee
155
-
1 889
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
health
7
-
14
-
income
15
-
189
-
total
38
-
233
-
Employer
155
-
1 889
-
pensions

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

17
-
34
-
health
11
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
31
-
61
-
Corporate
1 765
1 950
-
-
income
176
195
-
-
total
176
195
-
-
Dividends
1 588
1 755
-
-
withholding
79
88
-
-
total
79
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
324
283
294
376
After tax
1 626
1 667
1 656
1 574
Living cost
117
117
117
117
Free-cash
1 509
1 550
1 539
1 457

Estimated living cost  is £117 per week

£68
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
£497
£752
£475
£555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
110
income
-
-
-
685
pensions
-
-
-
105
total
-
-
-
900
Employee
828
762
1 784
-
pensions
105
105
105
-
health
103
100
110
-
income

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

125
125
322
-
total
333
330
537
-
Employer
828
762
1 784
-
pensions
58
53
66
-
health
58
53
66
-
unemployment
30
27
34
-
total
146
133
166
-
Corporate
978
1 054
-
-
income
196
211
-
-
total
196
211
-
-
Dividends
782
843
-
-
income
166
179
-
-
withholding
117
127
-
-
total
283
306
-
-
Income
1 950
1 950
1 950
1 950
Total tax
958
980
703
900
After tax
992
970
1 247
1 050
Living cost
495
495
495
495
Free-cash
497
475
752
555

Estimated living cost  is £495 per week

£365
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1041
£835
£1119
£919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
321
health
-
-
-
263
income
-
-
-
205
solidarity contribution
-
-
-
19
total
-
-
-
808
Employee
328
-
1 537
-
solidarity contribution
-
-
11
-
health
44
-
207
-
social contributions
21
-
72
-
income
39
-
189
-
total
104
-
479
-
Employer
328
-
1 537
-
health
30
-
138
-
social contributions
82
-
275
-
total
112
-
413
-
Corporate
1 510
1 950
-
-
income
287
371
-
-
total
287
371
-
-
Dividends
1 223
1 579
-
-
withholding
183
237
-
-
total
183
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
686
608
892
808
After tax
1 264
1 342
1 058
1 142
Living cost
223
223
223
223
Free-cash
1 041
1 119
835
919

Estimated living cost  is £223 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£618
£483
£663
£559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
447
municipal
-
-
-
12
regional
-
-
-
24
national
-
-
-
531
total
-
-
-
1 014
Employee
793
-
1 950
-
regional
7
-
22
-
municipal
4
-
11
-
national
137
-
471
-
social contributions
267
-
586
-
total
415
-
1 090
-
Employer
793
-
1 950
-
total
-
-
-
-
Corporate
1 157
1 950
-
-
municipal
45
76
-
-
nationa
278
468
-
-
total
323
544
-
-
Dividends
834
1 406
-
-
withholding
217
366
-
-
total
217
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
955
910
1 090
1 014
After tax
995
1 040
860
936
Living cost
377
377
377
377
Free-cash
618
663
483
559

Estimated living cost  is £377 per week

£263
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.
£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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1002
£666
£1030
£721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
85
income
-
-
-
606
surtax
-
-
-
101
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
1 032
Employee
295
-
1 699
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
49
-
553
-
other
-
-
-
-
surtax
1
-
91
-
total
99
-
836
-
Employer
295
-
1 699
-
pensions
39
-
159
-
other
-
-
-
-
health
13
-
54
-
unemployment
9
-
38
-
total
61
-
251
-
Corporate
1 593
1 950
-
-
income
414
507
-
-
total
414
507
-
-
Dividends
1 179
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
751
723
1 087
1 032
After tax
1 199
1 227
863
918
Living cost
197
197
197
197
Free-cash
1 002
1 030
666
721

Estimated living cost  is £197 per week

£120
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£890
£689
£834
£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
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
554
-
1 700
-
pensions
47
-
104
-
health
8
-
23
-
income
100
-
485
-
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
£483
£764
£177
£840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4
pensions
-
-
-
179
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
regional
-
-
-
106
city
-
-
-
21
national
-
-
-
46
total
-
-
-
395
Employee
836
-
1 752
-
unemployment
-
-
-
-
pensions
70
-
140
-
regional
27
-
93
-
national
4
-
36
-
health
2
-
4
-
city
9
-
19
-
total
112
-
292
-
Employer
836
-
1 752
-
pensions
70
-
140
-
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.

17
-
35
-
health
2
-
4
-
unemployment
-
-
-
-
total
89
-
179
-
Corporate
1 015
1 950
-
-
regional
215
412
-
-
national
86
166
-
-
total
301
578
-
-
Dividends
714
1 372
-
-
withholding
250
480
-
-
total
250
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
752
1 058
471
395
After tax
1 198
892
1 479
1 555
Living cost
715
715
715
715
Free-cash
483
177
764
840

Estimated living cost  is £715 per week

£465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£699
£800
£555
£537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
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.

-
-
-
61
trade
-
-
-
263
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.

-
-
-
645
surtax

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

-
-
-
35
total
-
-
-
1 004
Employee

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

536
-
1 950
-
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.

61
-
61
-
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.

63
-
645
-
surtax

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

3
-
35
-
total
127
-
741
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 414
1 950
-
-
income
212
292
-
-
chamber of commerce
3
4
-
-
surtax

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

12
16
-
-
trade
242
334
-
-
total
469
646
-
-
Dividends
944
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
233
322
-
-
total
246
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
842
986
741
1 004
After tax
1 108
964
1 209
946
Living cost
409
409
409
409
Free-cash
699
555
800
537

Estimated living cost  is £409 per week

£299
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£730
£715
£678
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
56
health
-
-
-
94
income
-
-
-
356
surtax
-
-
-
-
pensions
-
-
-
312
other
-
-
-
60
total
-
-
-
878
Employee
382
-
1 490
-
pensions
43
-
112
-
social contributions
11
-
42
-
income
23
-
317
-
surtax
-
-
-
-
total
77
-
471
-
Employer
382
-
1 490
-
pensions
63
-
186
-
other
13
-
62
-
health
27
-
147
-
unemployment
15
-
60
-
social contributions
1
-
4
-
total
119
-
459
-
Corporate
1 449
1 950
-
-
income
406
546
-
-
surtax
-
-
-
-
total
406
546
-
-
Dividends
1 043
1 404
-
-
surtax
-
-
-
-
social contributions
179
241
-
-
withholding
134
180
-
-
total
313
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
915
967
930
878
After tax
1 035
983
1 020
1 072
Living cost
305
305
305
305
Free-cash
730
678
715
767

Estimated living cost  is £305 per week

£193
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.
£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 Nice model

Close
Marseille , France
£756
£745
£708
£797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56
health
-
-
-
94
income
-
-
-
356
surtax
-
-
-
-
pensions
-
-
-
312
other
-
-
-
60
total
-
-
-
878
Employee
341
-
1 490
-
pensions
39
-
112
-
social contributions
10
-
42
-
income
18
-
317
-
surtax
-
-
-
-
total
67
-
471
-
Employer
341
-
1 490
-
pensions
56
-
186
-
other
12
-
62
-
health
24
-
147
-
unemployment
14
-
60
-
social contributions
1
-
4
-
total
107
-
459
-
Corporate
1 503
1 950
-
-
income
421
546
-
-
surtax
-
-
-
-
total
421
546
-
-
Dividends
1 082
1 404
-
-
surtax
-
-
-
-
social contributions
186
241
-
-
withholding
138
180
-
-
total
324
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
930
878
After tax
1 031
983
1 020
1 072
Living cost
275
275
275
275
Free-cash
756
708
745
797

Estimated living cost  is £275 per week

£160
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.
£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 Marseille model

Close
Vilnius , Lithuania
£1006
£1012
£1001
£1064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
136
income
-
-
-
292
total
-
-
-
697
Employee
303
-
1 950
-
health
21
-
136
-
social contributions
42
-
269
-
income
50
-
344
-
total
113
-
749
-
Employer
303
-
1 950
-
total
-
-
-
-
Corporate
1 647
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%.

82
97
-
-
total
82
97
-
-
Dividends
1 565
1 853
-
-
health
109
129
-
-
social contributions
216
256
-
-
withholding
235
278
-
-
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
189
189
189
189
Free-cash
1 006
1 001
1 012
1 064

Estimated living cost  is £189 per week

£127
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.
£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 Vilnius model

Close
Vienna , Austria
£748
£198
£759
£684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
health
-
-
-
80
surtax
-
-
-
2
income
-
-
-
613
chamber of commerce
-
-
-
8
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
951
Employee
446
356
1 607
-
unemployment
13
11
31
-
pensions
46
36
107
-
health
17
14
40
-
income
51
26
513
-
other
4
4
10
-
total
131
91
701
-
Employer
446
356
1 607
-
chamber of commerce
2
1
6
-
pensions
56
45
131
-
other
21
17
72
-
health
17
13
39
-
unemployment
13
11
31
-
accident
6
5
14
-
surtax
2
2
2
-
payroll
13
11
48
-
total
130
105
343
-
Corporate
1 374
1 490
1 573
-
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.

343
373
393
-
total
343
373
393
-
Dividends
1 030
1 118
-
-
withholding
283
307
-
-
total
283
307
-
-
Income
1 950
1 950
1 950
1 950
Total tax
887
876
1 437
951
After tax
1 063
1 074
513
999
Living cost
315
315
315
315
Free-cash
748
759
198
684

Estimated living cost  is £315 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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

Source of data for Vienna model

Close
Brussels , Belgium
£631
£340
£749
£522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
223
communal

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

-
-
-
104
national
-
-
-
776
total
-
-
-
1 103
Employee

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

638
-
1 510
-
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.

6
-
13
-
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.

48
-
113
-
national
196
-
569
-
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
-
communal

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

33
-
79
-
total
313
-
845
-
Employer

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

638
-
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.

57
-
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
-
surtax
72
-
171
-
total
185
-
440
-
Corporate
1 126
1 950
-
-
income
225
413
-
-
surtax
5
8
-
-
total
230
421
-
-
Dividends
896
1 529
-
-
withholding

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

266
455
-
-
total
266
455
-
-
Income
1 950
1 950
1 950
1 950
Total tax
994
876
1 285
1 103
After tax
956
1 074
665
847
Living cost
325
325
325
325
Free-cash
631
749
340
522

Estimated living cost  is £325 per week

£210
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.
£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 Brussels model

Close
Barcelona , Spain
£911
£731
£974
£768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
7
income
-
-
-
612
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
860
Employee
444
-
1 686
-
unemployment
7
-
13
-
pensions
21
-
39
-
income
94
-
581
-
other
-
-
1
-
total
122
-
634
-
Employer
444
-
1 686
-
pensions
105
-
195
-
other
4
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
142
-
263
-
Corporate
1 364
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.

205
292
-
-
total
205
292
-
-
Dividends
1 159
1 658
-
-
withholding
248
362
-
-
total
248
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
717
654
897
860
After tax
1 233
1 296
1 053
1 090
Living cost
322
322
322
322
Free-cash
911
974
731
768

Estimated living cost  is £322 per week

£237
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
£502
£514
£625
£437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
16
health
-
-
-
137
income
-
-
-
363
surtax
-
-
-
97
pensions
-
-
-
292
communal
-
-
-
123
total
-
-
-
1 028
Employee
676
-
1 742
-
pensions
54
-
139
-
health
30
-
78
-
income
65
-
419
-
surtax
41
-
107
-
total
190
-
743
-
Employer
676
-
1 742
-
pensions
54
-
139
-
health
21
-
53
-
accident
6
-
16
-
total
81
-
208
-
Corporate
1 193
1 950
-
-
income
179
292
-
-
communal
81
132
-
-
surtax
13
20
-
-
total
273
444
-
-
Dividends
921
1 505
-
-
income
281
170
-
-
withholding
138
226
-
-
total
419
396
-
-
Income
1 950
1 950
1 950
1 950
Total tax
963
840
951
1 028
After tax
987
1 110
999
922
Living cost
485
485
485
485
Free-cash
502
625
514
437

Estimated living cost  is £485 per week

£364
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.
£87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£998
£663
£1027
£718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
health
-
-
-
85
income
-
-
-
606
surtax
-
-
-
101
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
1 032
Employee
301
-
1 699
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
50
-
553
-
other
-
-
-
-
surtax
1
-
91
-
total
100
-
836
-
Employer
301
-
1 699
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
unemployment
10
-
38
-
total
64
-
251
-
Corporate
1 586
1 950
-
-
income
412
507
-
-
total
412
507
-
-
Dividends
1 174
1 443
-
-
withholding
176
216
-
-
total
176
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
752
723
1 087
1 032
After tax
1 198
1 227
863
918
Living cost
200
200
200
200
Free-cash
998
1 027
663
718

Estimated living cost  is £200 per week

£121
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
£765
£614
£785
£689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
447
municipal
-
-
-
12
regional
-
-
-
31
national
-
-
-
531
total
-
-
-
1 021
Employee
495
-
1 950
-
regional
7
-
28
-
municipal
3
-
11
-
national
78
-
471
-
social contributions
167
-
586
-
total
255
-
1 096
-
Employer
495
-
1 950
-
total
-
-
-
-
Corporate
1 455
1 950
-
-
municipal
72
97
-
-
nationa
349
468
-
-
total
421
565
-
-
Dividends
1 033
1 385
-
-
withholding
269
360
-
-
total
269
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
945
925
1 096
1 021
After tax
1 005
1 025
854
929
Living cost
240
240
240
240
Free-cash
765
785
614
689

Estimated living cost  is £240 per week

£150
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
£970
£783
£1067
£867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
321
health
-
-
-
263
income
-
-
-
205
solidarity contribution
-
-
-
19
total
-
-
-
808
Employee
405
-
1 537
-
solidarity contribution
-
-
11
-
health
55
-
207
-
social contributions
26
-
72
-
income
49
-
189
-
total
130
-
479
-
Employer
405
-
1 537
-
health
36
-
138
-
social contributions
101
-
275
-
total
137
-
413
-
Corporate
1 408
1 950
-
-
income
267
371
-
-
total
267
371
-
-
Dividends
1 140
1 579
-
-
withholding
171
237
-
-
total
171
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
705
608
892
808
After tax
1 245
1 342
1 058
1 142
Living cost
275
275
275
275
Free-cash
970
1 067
783
867

Estimated living cost  is £275 per week

£205
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.
£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 Prague model

Close
Graz , Austria
£784
£228
£790
£716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
80
surtax
-
-
-
-
income
-
-
-
613
chamber of commerce
-
-
-
8
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
949
Employee
390
356
1 609
-
unemployment
12
11
31
-
pensions
40
36
107
-
health
15
14
40
-
income
35
26
514
-
other
4
4
10
-
total
106
91
702
-
Employer
390
356
1 609
-
chamber of commerce
2
1
6
-
pensions
49
45
131
-
other
19
17
72
-
health
15
13
39
-
unemployment
12
11
31
-
accident
5
5
14
-
surtax
-
-
-
-
payroll
12
11
48
-
total
114
103
341
-
Corporate
1 448
1 492
1 575
-
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.

362
373
394
-
total
362
373
394
-
Dividends
1 086
1 119
-
-
withholding
299
308
-
-
total
299
308
-
-
Income
1 950
1 950
1 950
1 950
Total tax
881
875
1 437
949
After tax
1 069
1 075
513
1 001
Living cost
285
285
285
285
Free-cash
784
790
228
716

Estimated living cost  is £285 per week

£171
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1716
£1445
£1738
£1815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
20
total
-
-
-
20
Employee
143
-
1 950
-
income
29
-
390
-
total
29
-
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%.

1 807
1 950
-
-
total
-
-
-
-
Dividends
1 807
1 950
-
-
withholding
90
97
-
-
total
90
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
119
97
390
20
After tax
1 831
1 853
1 560
1 930
Living cost
115
115
115
115
Free-cash
1 716
1 738
1 445
1 815

Estimated living cost  is £115 per week

£78
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
£1030
£631
£1104
£672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
192
income
-
-
-
488
pensions
-
-
-
356
unemployment
-
-
-
3
total
-
-
-
1 039
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.

395
-
1 687
-
unemployment
1
-
2
-
pensions
61
-
262
-
health
25
-
109
-
income
68
-
445
-
total
155
-
818
-
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.

395
-
1 687
-
pensions
35
-
149
-
health
26
-
112
-
unemployment
-
-
1
-
total
61
-
262
-
Corporate
1 494
1 950
-
-
income
284
370
-
-
total
284
370
-
-
Dividends
1 210
1 580
-
-
withholding
181
237
-
-
total
181
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
681
607
1 080
1 039
After tax
1 269
1 343
870
911
Living cost
239
239
239
239
Free-cash
1 030
1 104
631
672

Estimated living cost  is £239 per week

£164
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£373
£1445
£799
£961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
222
income
-
-
-
380
total
-
-
-
602
Employee
555
-
-
-
social contributions
46
-
6
-
income
122
-
-
-
total
168
-
6
-
Employer
555
-
-
-
social contributions
782
-
112
-
total
782
-
112
-
Corporate
613
1 950
-
-
income
135
429
-
-
total
135
429
-
-
Dividends
478
1 521
-
-
income
105
335
-
-
total
105
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 190
764
118
602
After tax
760
1 186
1 832
1 348
Living cost
387
387
387
387
Free-cash
373
799
1 445
961

Estimated living cost  is £387 per week

£251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£821
£591
£829
£740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
social contributions

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

-
-
-
678
income
-
-
-
252
surtax
-
-
-
-
total
-
-
-
930
Employee
411
-
1 576
-
social contributions
45
-
173
-
income
85
-
531
-
surtax
-
-
1
-
total
130
-
705
-
Employer
411
-
1 576
-
social contributions
97
-
374
-
total
97
-
374
-
Corporate
1 442
1 950
-
-
income
303
410
-
-
surtax
-
-
-
-
total
303
410
-
-
Dividends
1 139
1 540
-
-
withholding
319
431
-
-
total
319
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
849
841
1 079
930
After tax
1 101
1 109
871
1 020
Living cost
280
280
280
280
Free-cash
821
829
591
740

Estimated living cost  is £280 per week

£209
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.
£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
£612
£589
£552
£641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56
health
-
-
-
94
income
-
-
-
356
surtax
-
-
-
-
pensions
-
-
-
312
other
-
-
-
60
total
-
-
-
878
Employee
559
-
1 490
-
pensions
63
-
112
-
social contributions
16
-
42
-
income
49
-
317
-
surtax
-
-
-
-
total
128
-
471
-
Employer
559
-
1 490
-
pensions
92
-
186
-
other
19
-
62
-
health
39
-
147
-
unemployment
23
-
60
-
social contributions
2
-
4
-
total
175
-
459
-
Corporate
1 216
1 950
-
-
income
341
546
-
-
surtax
-
-
-
-
total
341
546
-
-
Dividends
876
1 404
-
-
surtax
-
-
-
-
social contributions
151
241
-
-
withholding
112
180
-
-
total
263
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
907
967
930
878
After tax
1 043
983
1 020
1 072
Living cost
431
431
431
431
Free-cash
612
552
589
641

Estimated living cost  is £431 per week

£292
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1457
£1206
£1487
£1155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
98
total
-
-
-
527
Employee
287
-
1 688
-
social contributions
19
-
110
-
income
-
-
104
-
total
19
-
214
-
Employer
287
-
1 688
-
social contributions
44
-
262
-
total
44
-
262
-
Corporate
1 619
1 950
-
-
income
162
195
-
-
total
162
195
-
-
Dividends
1 457
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
225
195
476
527
After tax
1 725
1 755
1 474
1 423
Living cost
268
268
268
268
Free-cash
1 457
1 487
1 206
1 155

Estimated living cost  is £268 per week

£173
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£3
£7
£7
£700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
417
pensions
-
-
-
8
labour market
-
-
-
155
national
-
-
-
241
total
-
-
-
821
Employee
1 813
1 813
1 813
-
pensions
3
3
3
-
municipal
386
386
386
-
national
221
221
221
-
labour market
145
145
145
-
total
755
755
755
-
Employer
1 813
1 813
1 813
-
municipal
387
387
387
-
pensions
5
5
5
-
national
222
222
222
-
labour market
145
145
145
-
total
759
759
759
-
Corporate
7
-
-
-
income
2
-
-
-
total
2
-
-
-
Dividends
6
-
-
-
withholding
2
-
-
-
total
2
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 518
1 514
1 514
821
After tax
432
436
436
1 129
Living cost
429
429
429
429
Free-cash
3
7
7
700

Estimated living cost  is £429 per week

£294
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.
£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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£129
£874
-£39
£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
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
555
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
618
Employee
310
-
1 777
-
pensions
35
-
69
-
health
35
-
203
-
income
42
-
433
-
total
112
-
705
-
Employer
310
-
1 777
-
pensions
50
-
100
-
unemployment
8
-
44
-
accident
5
-
30
-
total
63
-
174
-
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

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£883
£634
£855
£860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
26
municipal
-
-
-
346
national
-
-
-
375
total
-
-
-
747
Employee
470
-
1 640
-
unemployment
7
-
25
-
pensions
32
-
111
-
municipal
77
-
267
-
national
8
-
237
-
health
4
-
22
-
total
128
-
662
-
Employer
470
-
1 640
-
pensions
81
-
285
-
health
4
-
13
-
unemployment
3
-
11
-
accident
-
-
2
-
total
88
-
311
-
Corporate
1 392
1 950
-
-
income
278
390
-
-
total
278
390
-
-
Dividends

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

835
1 170
-
-
national
80
151
-
-
municipal
150
211
-
-
total
230
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
724
752
973
747
After tax
1 226
1 198
977
1 203
Living cost
343
343
343
343
Free-cash
883
855
634
860

Estimated living cost  is £343 per week

£224
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1165
£1091
£1213
£1107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
144
health
-
-
-
50
income
-
-
-
442
total
-
-
-
636
Employee
686
686
1 839
-
health
5
12
31
-
social contributions
26
57
77
-
income
75
64
433
-
total
106
133
541
-
Employer
686
686
1 839
-
health
6
13
34
-
social contributions
26
57
77
-
total
32
70
111
-
Corporate
1 606
1 194
-
-
income
201
149
-
-
total
201
149
-
-
Dividends
1 405
1 045
-
-
withholding
239
178
-
-
total
239
178
-
-
Income
1 950
1 950
1 950
1 950
Total tax
578
530
652
636
After tax
1 372
1 420
1 298
1 314
Living cost
207
207
207
207
Free-cash
1 165
1 213
1 091
1 107

Estimated living cost  is £207 per week

£124
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.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1428
£1339
£1473
£1517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
32
income
-
-
-
202
pensions
-
-
-
57
unemployment
-
-
-
-
total
-
-
-
291
Employee

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

205
-
1 863
-
unemployment
1
-
4
-
pensions
31
-
127
-
health
17
-
72
-
income
14
-
179
-
total
63
-
382
-
Employer

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

205
-
1 863
-
pensions
11
-
47
-
health
9
-
36
-
unemployment
1
-
4
-
total
21
-
87
-
Corporate
1 724
1 950
-
-
income
155
175
-
-
total
155
175
-
-
Dividends
1 569
1 775
-
-
withholding
141
160
-
-
total
141
160
-
-
Income
1 950
1 950
1 950
1 950
Total tax
380
335
469
291
After tax
1 570
1 615
1 481
1 659
Living cost
142
142
142
142
Free-cash
1 428
1 473
1 339
1 517

Estimated living cost  is £142 per week

£90
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.
£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 Podgorica model

Close
Valencia , Spain
£1010
£808
£1051
£845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
7
income
-
-
-
612
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
860
Employee
330
-
1 686
-
unemployment
5
-
13
-
pensions
16
-
39
-
income
64
-
581
-
other
-
-
1
-
total
85
-
634
-
Employer
330
-
1 686
-
pensions
78
-
195
-
other
3
-
7
-
unemployment
18
-
45
-
accident
7
-
16
-
total
106
-
263
-
Corporate
1 515
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.

227
292
-
-
total
227
292
-
-
Dividends
1 288
1 658
-
-
withholding
277
362
-
-
total
277
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
695
654
897
860
After tax
1 255
1 296
1 053
1 090
Living cost
245
245
245
245
Free-cash
1 010
1 051
808
845

Estimated living cost  is £245 per week

£166
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1197
£1239
£1200
£1240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9
income
-
-
-
671
pensions
-
-
-
13
total
-
-
-
693
Employee
26
-
1 936
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
1
-
3
-
income
5
-
670
-
total
8
-
680
-
Employer
26
-
1 936
-
pensions
3
-
7
-
health
3
-
6
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 918
1 950
-
-
income
422
429
-
-
total
422
429
-
-
Dividends
1 496
1 521
-
-
withholding
299
304
-
-
total
299
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
736
733
694
693
After tax
1 214
1 217
1 256
1 257
Living cost
17
17
17
17
Free-cash
1 197
1 200
1 239
1 240

Estimated living cost  is £17 per week

£10
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
£1210
£1097
£1254
£1097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
68
income
-
-
-
450
pensions
-
-
-
171
unemployment
-
-
-
10
total
-
-
-
699
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.

233
-
1 832
-
unemployment
2
-
5
-
pensions
33
-
92
-
health
12
-
34
-
income
32
-
450
-
total
79
-
581
-
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.

233
-
1 832
-
pensions
28
-
79
-
health
12
-
34
-
unemployment
2
-
5
-
total
42
-
118
-
Corporate
1 676
1 950
-
-
income
251
293
-
-
total
251
293
-
-
Dividends
1 424
1 657
-
-
withholding
214
249
-
-
total
214
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
586
542
699
699
After tax
1 364
1 408
1 251
1 251
Living cost
154
154
154
154
Free-cash
1 210
1 254
1 097
1 097

Estimated living cost  is £154 per week

£104
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
£865
£630
£868
£779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
678
income
-
-
-
252
surtax
-
-
-
-
total
-
-
-
930
Employee
346
-
1 576
-
social contributions
38
-
173
-
income
68
-
531
-
surtax
-
-
1
-
total
106
-
705
-
Employer
346
-
1 576
-
social contributions
82
-
374
-
total
82
-
374
-
Corporate
1 521
1 950
-
-
income
319
410
-
-
surtax
-
-
-
-
total
319
410
-
-
Dividends
1 202
1 540
-
-
withholding
337
431
-
-
total
337
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
844
841
1 079
930
After tax
1 106
1 109
871
1 020
Living cost
241
241
241
241
Free-cash
865
868
630
779

Estimated living cost  is £241 per week

£170
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
£923
£739
£982
£776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
7
income
-
-
-
612
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
860
Employee
431
-
1 686
-
unemployment
7
-
13
-
pensions
20
-
39
-
income
90
-
581
-
other
-
-
1
-
total
117
-
634
-
Employer
431
-
1 686
-
pensions
102
-
195
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
138
-
263
-
Corporate
1 381
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.

207
292
-
-
total
207
292
-
-
Dividends
1 174
1 658
-
-
withholding
251
362
-
-
total
251
362
-
-
Income
1 950
1 950
1 950
1 950
Total tax
713
654
897
860
After tax
1 237
1 296
1 053
1 090
Living cost
314
314
314
314
Free-cash
923
982
739
776

Estimated living cost  is £314 per week

£225
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.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1460
£1502
£1513
£1420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
36
income
-
-
-
293
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
376
Employee
203
-
1 889
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
health
9
-
14
-
income
20
-
189
-
total
49
-
233
-
Employer
203
-
1 889
-
pensions

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

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

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
61
-
Corporate
1 707
1 950
-
-
income
171
195
-
-
total
171
195
-
-
Dividends
1 536
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
336
283
294
376
After tax
1 614
1 667
1 656
1 574
Living cost
154
154
154
154
Free-cash
1 460
1 513
1 502
1 420

Estimated living cost  is £154 per week

£102
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.
£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

Source of data for Sofia model

Close
Berlin , Germany
£774
£864
£659
£644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
61
trade
-
-
-
220
income

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

-
-
-
645
surtax

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

-
-
-
35
total
-
-
-
961
Employee

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

444
-
1 950
-
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.

61
-
61
-
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.

37
-
645
-
surtax

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

2
-
35
-
total
100
-
741
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 506
1 950
-
-
income
226
292
-
-
chamber of commerce
4
4
-
-
surtax

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

12
16
-
-
trade
216
280
-
-
total
458
592
-
-
Dividends
1 048
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
259
336
-
-
total
273
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
831
946
741
961
After tax
1 119
1 004
1 209
989
Living cost
345
345
345
345
Free-cash
774
659
864
644

Estimated living cost  is £345 per week

£238
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.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£877
£476
£857
£476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
334
income
-
-
-
632
total
-
-
-
966
Employee
698
-
1 950
-
social contributions
58
-
334
-
income
132
-
632
-
total
190
-
966
-
Employer
698
-
1 950
-
total
-
-
-
-
Corporate
1 252
1 950
-
-
income
156
244
-
-
total
156
244
-
-
Dividends
1 095
1 706
-
-
withholding
219
341
-
-
total
219
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
585
966
966
After tax
1 385
1 365
984
984
Living cost
508
508
508
508
Free-cash
877
857
476
476

Estimated living cost  is £508 per week

£387
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.
£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

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
£928
£1040
£897
£1279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55
total
-
-
-
347
Employee
409
-
1 909
-
social contributions
41
-
41
-
income
44
-
504
-
total
85
-
545
-
Employer
409
-
1 909
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 500
1 950
-
-
income
525
682
-
-
total
525
682
-
-
Dividends
975
1 268
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 950
1 950
1 950
1 950
Total tax
698
729
586
347
After tax
1 252
1 221
1 364
1 603
Living cost
324
324
324
324
Free-cash
928
897
1 040
1 279

Estimated living cost  is £324 per week

£213
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
445
-
1 700
-
pensions
34
-
104
-
health
6
-
23
-
income
81
-
485
-
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
£126
£855
-£58
£1116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
555
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
618
Employee
340
-
1 777
-
pensions
38
-
69
-
health
39
-
203
-
income
47
-
433
-
total
124
-
705
-
Employer
340
-
1 777
-
pensions
55
-
100
-
unemployment
8
-
44
-
accident
6
-
30
-
total
69
-
174
-
Corporate
1 540
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.

1 386
1 755
-
-
total
1 386
1 755
-
-
Dividends
154
195
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 608
1 792
879
618
After tax
342
158
1 071
1 332
Living cost
216
216
216
216
Free-cash
126
-58
855
1 116

Estimated living cost  is £216 per week

£159
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.
£41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1344
£1305
£1371
£1109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
327
health insurance
-
-
-
106
pensions
-
-
-
263
unemployment
-
-
-
17
work injury
-
-
-
7
total
-
-
-
720
Employee

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

193
-
1 950
-
unemployment
2
-
9
-
pensions
36
-
131
-
work injury
1
-
4
-
income
19
-
327
-
health insurance
14
-
53
-
total
72
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 757
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
1 581
1 755
-
-
withholding
237
263
-
-
total
237
263
-
-
Income
1 950
1 950
1 950
1 950
Total tax
485
458
524
720
After tax
1 465
1 492
1 426
1 230
Living cost
121
121
121
121
Free-cash
1 344
1 371
1 305
1 109

Estimated living cost  is £121 per week

£75
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
£631
£483
£671
£555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
447
municipal
-
-
-
14
regional
-
-
-
47
national
-
-
-
531
total
-
-
-
1 039
Employee
752
-
1 950
-
regional
11
-
42
-
municipal
4
-
12
-
national
127
-
471
-
social contributions
254
-
586
-
total
396
-
1 111
-
Employer
752
-
1 950
-
total
-
-
-
-
Corporate
1 198
1 950
-
-
municipal
58
94
-
-
nationa
287
468
-
-
total
345
562
-
-
Dividends
853
1 388
-
-
withholding
222
361
-
-
total
222
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
963
923
1 111
1 039
After tax
987
1 027
839
911
Living cost
356
356
356
356
Free-cash
631
671
483
555

Estimated living cost  is £356 per week

£250
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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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