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
£814
£718
£941
£698
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
243
income

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

-
-
-
647
health

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

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

-
-
-
60
surtax

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

-
-
-
36
total
-
-
-
986
Employee

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

336
-
1 950
-
surtax

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

1
-
36
-
health

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

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

60
-
60
-
income

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

9
-
647
-
total
70
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 614
1 950
-
-
trade
254
307
-
-
income
242
292
-
-
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
-
-
chamber of commerce
4
4
-
-
total
513
619
-
-
Dividends
1 101
1 330
-
-
withholding
272
329
-
-
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
-
-
total
287
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
870
966
743
986
After tax
1 080
984
1 207
964
Living cost
266
266
266
266
Free-cash
814
718
941
698

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£753
£761
£671
£660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
21
pensions
-
-
-
234
municipal
-
-
-
216
national
-
-
-
363
total
-
-
-
834
Employee
707
-
1 686
-
national
135
-
379
-
municipal
87
-
224
-
pensions
28
-
67
-
total
250
-
670
-
Employer
707
-
1 686
-
pensions
57
-
135
-
social contributions
8
-
18
-
total
65
-
153
-
Corporate
1 133
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%.

227
390
-
-
total
227
390
-
-
Dividends
906
1 560
-
-
withholding
199
343
-
-
total
199
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
741
733
823
834
After tax
1 209
1 217
1 127
1 116
Living cost
456
456
456
456
Free-cash
753
761
671
660

Estimated living cost  is £456 per week

£310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1305
£1377
£664
£524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
337
income
-
-
-
409
microenterprise
-
-
-
-
surtax
-
-
-
497
total
-
-
-
1 243
Employee
257
-
1 529
-
surtax
-
-
222
-
social contributions

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

28
-
115
-
income
46
-
346
-
total
74
-
683
-
Employer
257
-
1 529
-
social contributions

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

62
-
252
-
surtax
-
-
168
-
total
62
-
420
-
Corporate
1 631
1 950
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

326
390
-
-
total
326
390
-
-
Dividends

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

1 305
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
462
390
1 103
1 243
After tax
1 488
1 560
847
707
Living cost
183
183
183
183
Free-cash
1 305
1 377
664
524

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£551
£603
£879
£681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
690
pensions
-
-
-
103
health
-
-
-
108
total
-
-
-
901
Employee
750
750
1 787
-
health
115
98
108
-
pensions
135
103
103
-
income

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

123
123
328
-
total
373
324
539
-
Employer
750
750
1 787
-
pensions
52
52
65
-
unemployment
27
27
34
-
health
52
52
65
-
total
131
131
164
-
Corporate
1 077
1 068
-
-
income
215
214
-
-
total
215
214
-
-
Dividends
862
854
-
-
withholding
129
128
-
-
income
183
182
-
-
total
312
310
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 031
979
703
901
After tax
919
971
1 247
1 049
Living cost
368
368
368
368
Free-cash
551
603
879
681

Estimated living cost  is £368 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£687
£696
£602
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
94
unemployment
-
-
-
1
pensions
-
-
-
88
municipal
-
-
-
512
accident
-
-
-
2
national
-
-
-
222
health
-
-
-
51
total
-
-
-
970
Employee
527
-
1 696
-
national
-
-
217
-
municipal
157
-
506
-
total
157
-
723
-
Employer
527
-
1 696
-
other
61
-
94
-
accident
1
-
2
-
pensions
57
-
88
-
unemployment
14
-
21
-
health
32
-
50
-
total
165
-
255
-
Corporate
1 258
1 950
-
-
income
277
429
-
-
total
277
429
-
-
Dividends
981
1 521
-
-
withholding
294
456
-
-
total
294
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
369
369
369
369
Free-cash
687
696
602
610

Estimated living cost  is £369 per week

£245
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.
£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 Stockholm model

Close
Hamburg , Germany
£753
£628
£862
£608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
254
income

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

-
-
-
647
health

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

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

-
-
-
60
surtax

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

-
-
-
36
total
-
-
-
997
Employee

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

446
-
1 950
-
surtax

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

2
-
36
-
health

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

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

60
-
60
-
income

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

38
-
647
-
total
100
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 504
1 950
-
-
trade
247
321
-
-
income
226
292
-
-
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
-
-
chamber of commerce
3
4
-
-
total
488
633
-
-
Dividends
1 015
1 317
-
-
withholding
250
326
-
-
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
-
-
total
264
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
852
977
743
997
After tax
1 098
973
1 207
953
Living cost
345
345
345
345
Free-cash
753
628
862
608

Estimated living cost  is £345 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1100
£1136
£1011
£1028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
142
income
-
-
-
445
health
-
-
-
50
total
-
-
-
637
Employee
676
676
1 840
-
health
7
11
31
-
social contributions
33
56
76
-
income
71
63
437
-
total
111
130
544
-
Employer
676
676
1 840
-
social contributions
33
56
76
-
health
7
13
34
-
total
40
69
110
-
Corporate
1 514
1 206
-
-
income
189
151
-
-
total
189
151
-
-
Dividends
1 325
1 055
-
-
withholding
225
179
-
-
total
225
179
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
529
654
637
After tax
1 385
1 421
1 296
1 313
Living cost
285
285
285
285
Free-cash
1 100
1 136
1 011
1 028

Estimated living cost  is £285 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£935
£933
£969
£1188
S + D Salary + Dividends

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

Dividends

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

Salary

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

236
94
1 632
-
unemployment
4
1
24
-
health
16
7
114
-
pensions
24
9
163
-
income
29
11
199
-
total
73
28
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.

236
94
1 632
-
pensions
46
18
318
-
total
46
18
318
-
Corporate
1 668
1 838
-
-
income
150
165
-
-
total
150
165
-
-
Dividends
1 518
1 673
-
-
withholding
288
318
-
-
social contributions
295
325
-
-
total
583
643
-
-
Income
1 950
1 950
1 950
1 950
Total tax
852
854
818
599
After tax
1 098
1 096
1 132
1 351
Living cost
163
163
163
163
Free-cash
935
933
969
1 188

Estimated living cost  is £163 per week

£111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1294
£1348
£913
£833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
261
pensions
-
-
-
390
health
-
-
-
254
total
-
-
-
905
Employee
249
-
1 457
-
unemployment
4
-
23
-
pensions
5
-
29
-
income
28
-
281
-
total
37
-
333
-
Employer
249
-
1 457
-
pensions
50
-
291
-
unemployment
2
-
12
-
health
32
-
189
-
total
84
-
492
-
Corporate
1 616
1 950
-
-
income
323
390
-
-
total
323
390
-
-
Dividends
1 293
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
444
390
825
905
After tax
1 506
1 560
1 125
1 045
Living cost
212
212
212
212
Free-cash
1 294
1 348
913
833

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£126
-£40
£872
£1134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
income
-
-
-
556
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
311
-
1 778
-
health
36
-
204
-
pensions
35
-
69
-
income
43
-
434
-
total
114
-
707
-
Employer
311
-
1 778
-
accident
5
-
30
-
pensions
51
-
99
-
unemployment
8
-
44
-
total
64
-
173
-
Corporate
1 576
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.

1 418
1 755
-
-
total
1 418
1 755
-
-
Dividends
158
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 626
1 792
880
618
After tax
324
158
1 070
1 332
Living cost
198
198
198
198
Free-cash
126
-40
872
1 134

Estimated living cost  is £198 per week

£145
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
£1779
£1487
£1857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
91
-
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%.

1 859
1 950
-
-
total
-
-
-
-
Dividends
1 859
1 950
-
-
withholding
93
98
-
-
total
93
98
-
-
Income
1 950
1 950
1 950
1 950
Total tax
111
98
390
20
After tax
1 839
1 852
1 560
1 930
Living cost
73
73
73
73
Free-cash
1 766
1 779
1 487
1 857

Estimated living cost  is £73 per week

£45
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
£1140
£1198
£917
£933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
63
income
-
-
-
340
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.

-
-
-
321
health
-
-
-
59
total
-
-
-
783
Employee
319
-
1 611
-
unemployment
3
-
13
-
health
4
-
19
-
pensions

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

22
-
94
-
income
55
-
334
-
total
84
-
460
-
Employer
319
-
1 611
-
other
16
-
67
-
accident
3
-
13
-
pensions

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

54
-
227
-
unemployment
3
-
13
-
health
4
-
19
-
total
80
-
339
-
Corporate
1 551
1 950
-
-
income
326
410
-
-
total
326
410
-
-
Dividends
1 225
1 540
-
-
withholding
86
108
-
-
total
86
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
576
518
799
783
After tax
1 374
1 432
1 151
1 167
Living cost
234
234
234
234
Free-cash
1 140
1 198
917
933

Estimated living cost  is £234 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£717
£649
£504
£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
-
health
14
-
23
-
pensions
80
-
104
-
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
£1551
£1541
£1460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1
income
-
-
-
292
pensions

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

-
-
-
46
health
-
-
-
35
total
-
-
-
374
Employee
153
-
1 890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
27
-
income
15
-
189
-
total
37
-
233
-
Employer
153
-
1 890
-
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.

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
1 767
1 950
-
-
income
177
195
-
-
total
177
195
-
-
Dividends
1 590
1 755
-
-
withholding
80
88
-
-
total
80
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
325
283
293
374
After tax
1 625
1 667
1 657
1 576
Living cost
116
116
116
116
Free-cash
1 509
1 551
1 541
1 460

Estimated living cost  is £116 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£505
£484
£760
£562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
690
pensions
-
-
-
103
health
-
-
-
108
total
-
-
-
901
Employee
815
750
1 787
-
health
102
98
108
-
pensions
103
103
103
-
income

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

123
123
328
-
total
328
324
539
-
Employer
815
750
1 787
-
pensions
57
52
65
-
unemployment
29
27
34
-
health
57
52
65
-
total
143
131
164
-
Corporate
993
1 068
-
-
income
199
214
-
-
total
199
214
-
-
Dividends
794
854
-
-
withholding
119
128
-
-
income
169
182
-
-
total
288
310
-
-
Income
1 950
1 950
1 950
1 950
Total tax
958
979
703
901
After tax
992
971
1 247
1 049
Living cost
487
487
487
487
Free-cash
505
484
760
562

Estimated living cost  is £487 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

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

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is £219 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£624
£669
£492
£567
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
25
social contributions
-
-
-
440
municipal
-
-
-
12
national
-
-
-
535
total
-
-
-
1 012
Employee
781
-
1 950
-
national
135
-
477
-
regional
7
-
22
-
municipal
4
-
11
-
social contributions
263
-
577
-
total
409
-
1 087
-
Employer
781
-
1 950
-
total
-
-
-
-
Corporate
1 169
1 950
-
-
nationa
281
468
-
-
municipal
46
76
-
-
total
327
544
-
-
Dividends
843
1 406
-
-
withholding
219
366
-
-
total
219
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
955
910
1 087
1 012
After tax
995
1 040
863
938
Living cost
371
371
371
371
Free-cash
624
669
492
567

Estimated living cost  is £371 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1006
£1033
£670
£723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
610
pensions
-
-
-
235
health
-
-
-
83
surtax
-
-
-
103
total
-
-
-
1 033
Employee
291
-
1 703
-
surtax
1
-
92
-
unemployment
20
-
82
-
other
-
-
-
-
health
7
-
30
-
pensions
19
-
78
-
income
49
-
558
-
total
96
-
840
-
Employer
291
-
1 703
-
other
-
-
-
-
pensions
39
-
156
-
unemployment
9
-
37
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 598
1 950
-
-
income
416
507
-
-
total
416
507
-
-
Dividends
1 183
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
750
723
1 086
1 033
After tax
1 200
1 227
864
917
Living cost
194
194
194
194
Free-cash
1 006
1 033
670
723

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£890
£834
£689
£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
-
health
8
-
23
-
pensions
47
-
104
-
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
£491
£195
£780
£856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
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
city
-
-
-
21
regional
-
-
-
107
pensions
-
-
-
179
national
-
-
-
47
health
-
-
-
4
total
-
-
-
397
Employee
816
-
1 753
-
national
4
-
38
-
unemployment
-
-
-
-
city
9
-
19
-
regional
27
-
95
-
health
2
-
4
-
pensions
69
-
139
-
total
111
-
295
-
Employer
816
-
1 753
-
other

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

16
-
35
-
pensions
69
-
139
-
unemployment
-
-
-
-
health
2
-
4
-
total
87
-
178
-
Corporate
1 039
1 950
-
-
regional
220
412
-
-
national
88
166
-
-
total
308
578
-
-
Dividends
731
1 372
-
-
withholding
256
480
-
-
total
256
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
762
1 058
473
397
After tax
1 188
892
1 477
1 553
Living cost
697
697
697
697
Free-cash
491
195
780
856

Estimated living cost  is £697 per week

£453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£703
£561
£804
£540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
264
income

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

-
-
-
647
health

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

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

-
-
-
60
surtax

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

-
-
-
36
total
-
-
-
1 007
Employee

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

528
-
1 950
-
surtax

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

3
-
36
-
health

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

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

60
-
60
-
income

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

62
-
647
-
total
125
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 422
1 950
-
-
trade
244
334
-
-
income
213
292
-
-
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
-
-
chamber of commerce
3
4
-
-
total
472
646
-
-
Dividends
950
1 303
-
-
withholding
234
322
-
-
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
-
-
total
247
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
844
986
743
1 007
After tax
1 106
964
1 207
943
Living cost
403
403
403
403
Free-cash
703
561
804
540

Estimated living cost  is £403 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£734
£682
£714
£769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
social contributions
-
-
-
56
income
-
-
-
360
pensions
-
-
-
309
health
-
-
-
95
surtax
-
-
-
-
total
-
-
-
880
Employee
376
-
1 489
-
surtax
-
-
-
-
pensions
43
-
112
-
social contributions
11
-
42
-
income
22
-
320
-
total
76
-
474
-
Employer
376
-
1 489
-
other
13
-
62
-
pensions
62
-
187
-
unemployment
15
-
60
-
social contributions
1
-
4
-
health
26
-
148
-
total
117
-
461
-
Corporate
1 456
1 950
-
-
income
408
546
-
-
surtax
-
-
-
-
total
408
546
-
-
Dividends
1 049
1 404
-
-
withholding
134
180
-
-
social contributions
180
241
-
-
surtax
-
-
-
-
total
314
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
915
967
935
880
After tax
1 035
983
1 015
1 070
Living cost
301
301
301
301
Free-cash
734
682
714
769

Estimated living cost  is £301 per week

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

Source of data for Nice model

Close
Marseille , France
£760
£712
£744
£799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
social contributions
-
-
-
56
income
-
-
-
360
pensions
-
-
-
309
health
-
-
-
95
surtax
-
-
-
-
total
-
-
-
880
Employee
336
-
1 489
-
surtax
-
-
-
-
pensions
38
-
112
-
social contributions
10
-
42
-
income
17
-
320
-
total
65
-
474
-
Employer
336
-
1 489
-
other
12
-
62
-
pensions
55
-
187
-
unemployment
14
-
60
-
social contributions
1
-
4
-
health
23
-
148
-
total
105
-
461
-
Corporate
1 509
1 950
-
-
income
423
546
-
-
surtax
-
-
-
-
total
423
546
-
-
Dividends
1 087
1 404
-
-
withholding
139
180
-
-
social contributions
187
241
-
-
surtax
-
-
-
-
total
326
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
935
880
After tax
1 031
983
1 015
1 070
Living cost
271
271
271
271
Free-cash
760
712
744
799

Estimated living cost  is £271 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1007
£1004
£1014
£1067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
269
income
-
-
-
292
health
-
-
-
136
total
-
-
-
697
Employee
298
-
1 950
-
health
21
-
136
-
social contributions
41
-
269
-
income
50
-
345
-
total
112
-
750
-
Employer
298
-
1 950
-
total
-
-
-
-
Corporate
1 652
1 950
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

83
97
-
-
total
83
97
-
-
Dividends
1 569
1 853
-
-
health
110
129
-
-
withholding
235
278
-
-
social contributions
217
256
-
-
total
562
663
-
-
Income
1 950
1 950
1 950
1 950
Total tax
757
760
750
697
After tax
1 193
1 190
1 200
1 253
Living cost
186
186
186
186
Free-cash
1 007
1 004
1 014
1 067

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£751
£762
£201
£688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
chamber of commerce
-
-
-
8
unemployment
-
-
-
54
income
-
-
-
619
pensions
-
-
-
190
health
-
-
-
79
surtax
-
-
-
2
total
-
-
-
952
Employee
439
350
1 610
-
unemployment
13
11
31
-
other
4
4
10
-
health
17
14
40
-
pensions
45
36
105
-
income
50
26
519
-
total
129
91
705
-
Employer
439
350
1 610
-
payroll
13
11
48
-
other
21
17
72
-
accident
6
5
13
-
pensions
55
44
129
-
unemployment
13
11
31
-
chamber of commerce
2
1
6
-
surtax
2
2
2
-
health
17
13
39
-
total
129
104
340
-
Corporate
1 383
1 497
1 577
-
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.

346
374
394
-
total
346
374
394
-
Dividends
1 037
1 123
-
-
withholding
285
309
-
-
total
285
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
889
878
1 439
952
After tax
1 061
1 072
511
998
Living cost
310
310
310
310
Free-cash
751
762
201
688

Estimated living cost  is £310 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£637
£752
£344
£528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
219
national
-
-
-
779
communal

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

-
-
-
104
total
-
-
-
1 102
Employee

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

629
-
1 510
-
national
193
-
570
-
unemployment

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

5
-
13
-
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
-
pensions

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

47
-
113
-
communal

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

33
-
79
-
total
308
-
846
-
Employer

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

629
-
1 510
-
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
-
pensions

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

56
-
134
-
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
-
surtax
71
-
171
-
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
-
total
183
-
440
-
Corporate
1 138
1 950
-
-
income
228
415
-
-
surtax
5
8
-
-
total
233
423
-
-
Dividends
906
1 526
-
-
withholding

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

269
455
-
-
total
269
455
-
-
Income
1 950
1 950
1 950
1 950
Total tax
993
878
1 286
1 102
After tax
957
1 072
664
848
Living cost
320
320
320
320
Free-cash
637
752
344
528

Estimated living cost  is £320 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£918
£978
£735
£772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
616
pensions
-
-
-
231
accident
-
-
-
7
total
-
-
-
861
Employee
437
-
1 690
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
21
-
38
-
income
92
-
586
-
total
120
-
638
-
Employer
437
-
1 690
-
other
3
-
7
-
accident
9
-
16
-
pensions
103
-
192
-
unemployment
24
-
45
-
total
139
-
260
-
Corporate
1 373
1 950
-
-
income

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

206
292
-
-
total
206
292
-
-
Dividends
1 167
1 658
-
-
withholding
250
363
-
-
total
250
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
715
655
898
861
After tax
1 235
1 295
1 052
1 089
Living cost
317
317
317
317
Free-cash
918
978
735
772

Estimated living cost  is £317 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£508
£629
£519
£442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
365
pensions
-
-
-
292
accident
-
-
-
16
communal
-
-
-
123
health
-
-
-
137
surtax
-
-
-
97
total
-
-
-
1 030
Employee
666
-
1 742
-
surtax
41
-
107
-
health
30
-
78
-
pensions
53
-
139
-
income
64
-
421
-
total
188
-
745
-
Employer
666
-
1 742
-
accident
6
-
16
-
pensions
53
-
139
-
health
20
-
53
-
total
79
-
208
-
Corporate
1 205
1 950
-
-
income
181
292
-
-
communal
81
132
-
-
surtax
13
20
-
-
total
275
444
-
-
Dividends
930
1 505
-
-
withholding
140
226
-
-
income
282
173
-
-
total
422
399
-
-
Income
1 950
1 950
1 950
1 950
Total tax
964
843
953
1 030
After tax
986
1 107
997
920
Living cost
478
478
478
478
Free-cash
508
629
519
442

Estimated living cost  is £478 per week

£358
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.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1001
£1030
£667
£720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
610
pensions
-
-
-
235
health
-
-
-
83
surtax
-
-
-
103
total
-
-
-
1 033
Employee
296
-
1 703
-
surtax
1
-
92
-
unemployment
21
-
82
-
other
-
-
-
-
health
8
-
30
-
pensions
20
-
78
-
income
50
-
558
-
total
100
-
840
-
Employer
296
-
1 703
-
other
-
-
-
-
pensions
39
-
156
-
unemployment
9
-
37
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 592
1 950
-
-
income
414
507
-
-
total
414
507
-
-
Dividends
1 178
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
752
723
1 086
1 033
After tax
1 198
1 227
864
917
Living cost
197
197
197
197
Free-cash
1 001
1 030
667
720

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£768
£788
£620
£695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
regional
-
-
-
31
social contributions
-
-
-
440
municipal
-
-
-
12
national
-
-
-
535
total
-
-
-
1 018
Employee
488
-
1 950
-
national
77
-
477
-
regional
7
-
28
-
municipal
3
-
11
-
social contributions
164
-
577
-
total
251
-
1 093
-
Employer
488
-
1 950
-
total
-
-
-
-
Corporate
1 462
1 950
-
-
nationa
351
468
-
-
municipal
73
97
-
-
total
424
565
-
-
Dividends
1 039
1 385
-
-
withholding
270
360
-
-
total
270
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
945
925
1 093
1 018
After tax
1 005
1 025
857
932
Living cost
237
237
237
237
Free-cash
768
788
620
695

Estimated living cost  is £237 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
315
income
-
-
-
206
health
-
-
-
263
solidarity contribution
-
-
-
21
total
-
-
-
805
Employee
396
-
1 542
-
solidarity contribution
-
-
13
-
health
54
-
208
-
social contributions
26
-
70
-
income
48
-
190
-
total
128
-
481
-
Employer
396
-
1 542
-
social contributions
99
-
270
-
health
36
-
139
-
total
135
-
409
-
Corporate
1 419
1 950
-
-
income
270
371
-
-
total
270
371
-
-
Dividends
1 149
1 579
-
-
withholding
172
237
-
-
total
172
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
705
608
890
805
After tax
1 245
1 342
1 060
1 145
Living cost
270
270
270
270
Free-cash
975
1 072
790
875

Estimated living cost  is £270 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£790
£793
£232
£720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
8
unemployment
-
-
-
54
income
-
-
-
619
pensions
-
-
-
190
health
-
-
-
79
surtax
-
-
-
-
total
-
-
-
950
Employee
384
350
1 612
-
unemployment
12
11
31
-
other
4
4
10
-
health
15
14
40
-
pensions
39
36
105
-
income
34
26
519
-
total
104
91
705
-
Employer
384
350
1 612
-
payroll
12
11
48
-
other
18
17
72
-
accident
5
5
13
-
pensions
48
44
129
-
unemployment
12
11
31
-
chamber of commerce
2
1
6
-
surtax
-
-
-
-
health
15
13
39
-
total
112
102
338
-
Corporate
1 455
1 499
1 578
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

364
375
395
-
total
364
375
395
-
Dividends
1 091
1 124
-
-
withholding
300
309
-
-
total
300
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
880
877
1 438
950
After tax
1 070
1 073
512
1 000
Living cost
280
280
280
280
Free-cash
790
793
232
720

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1719
£1739
£1447
£1817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
141
-
1 950
-
income
28
-
390
-
total
28
-
390
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 809
1 950
-
-
total
-
-
-
-
Dividends
1 809
1 950
-
-
withholding
90
98
-
-
total
90
98
-
-
Income
1 950
1 950
1 950
1 950
Total tax
118
98
390
20
After tax
1 832
1 852
1 560
1 930
Living cost
113
113
113
113
Free-cash
1 719
1 739
1 447
1 817

Estimated living cost  is £113 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1034
£1107
£630
£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
unemployment
-
-
-
3
income
-
-
-
491
pensions
-
-
-
356
health
-
-
-
192
total
-
-
-
1 042
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.

389
-
1 687
-
unemployment
1
-
2
-
health
25
-
109
-
pensions
60
-
262
-
income
67
-
449
-
total
153
-
822
-
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.

389
-
1 687
-
pensions
34
-
149
-
unemployment
-
-
1
-
health
26
-
112
-
total
60
-
262
-
Corporate
1 501
1 950
-
-
income
285
370
-
-
total
285
370
-
-
Dividends
1 216
1 580
-
-
withholding
182
237
-
-
total
182
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
680
607
1 084
1 042
After tax
1 270
1 343
866
908
Living cost
236
236
236
236
Free-cash
1 034
1 107
630
672

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£388
£806
£1454
£968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
545
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
545
-
-
-
social contributions
768
-
110
-
total
768
-
110
-
Corporate
637
1 950
-
-
income
140
429
-
-
total
140
429
-
-
Dividends
497
1 521
-
-
income
109
335
-
-
total
109
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 182
764
116
602
After tax
768
1 186
1 834
1 348
Living cost
380
380
380
380
Free-cash
388
806
1 454
968

Estimated living cost  is £380 per week

£247
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.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
254
surtax
-
-
-
-
total
-
-
-
932
Employee
404
-
1 576
-
surtax
-
-
2
-
social contributions
44
-
173
-
income
84
-
533
-
total
128
-
708
-
Employer
404
-
1 576
-
social contributions
96
-
374
-
total
96
-
374
-
Corporate
1 450
1 950
-
-
income
304
410
-
-
surtax
-
-
-
-
total
304
410
-
-
Dividends
1 145
1 540
-
-
withholding
321
431
-
-
total
321
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
849
841
1 082
932
After tax
1 101
1 109
868
1 018
Living cost
276
276
276
276
Free-cash
825
833
592
742

Estimated living cost  is £276 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£619
£559
£591
£646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
social contributions
-
-
-
56
income
-
-
-
360
pensions
-
-
-
309
health
-
-
-
95
surtax
-
-
-
-
total
-
-
-
880
Employee
550
-
1 489
-
surtax
-
-
-
-
pensions
62
-
112
-
social contributions
16
-
42
-
income
48
-
320
-
total
126
-
474
-
Employer
550
-
1 489
-
other
19
-
62
-
pensions
90
-
187
-
unemployment
22
-
60
-
social contributions
2
-
4
-
health
39
-
148
-
total
172
-
461
-
Corporate
1 228
1 950
-
-
income
344
546
-
-
surtax
-
-
-
-
total
344
546
-
-
Dividends
884
1 404
-
-
withholding
113
180
-
-
social contributions
152
241
-
-
surtax
-
-
-
-
total
265
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
907
967
935
880
After tax
1 043
983
1 015
1 070
Living cost
424
424
424
424
Free-cash
619
559
591
646

Estimated living cost  is £424 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1462
£1491
£1210
£1158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
99
social contributions
-
-
-
429
total
-
-
-
528
Employee
283
-
1 688
-
social contributions
18
-
110
-
income
-
-
104
-
total
18
-
214
-
Employer
283
-
1 688
-
social contributions
44
-
262
-
total
44
-
262
-
Corporate
1 624
1 950
-
-
income
162
195
-
-
total
162
195
-
-
Dividends
1 461
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
224
195
476
528
After tax
1 726
1 755
1 474
1 422
Living cost
264
264
264
264
Free-cash
1 462
1 491
1 210
1 158

Estimated living cost  is £264 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£21
£37
£37
£704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
pensions
-
-
-
8
municipal
-
-
-
418
labour market
-
-
-
155
national
-
-
-
242
total
-
-
-
823
Employee
1 784
1 784
1 784
-
national
218
218
218
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
total
744
744
744
-
Employer
1 784
1 784
1 784
-
municipal
380
380
380
-
pensions
5
5
5
-
national
218
218
218
-
labour market
143
143
143
-
total
746
746
746
-
Corporate
38
-
-
-
income
8
-
-
-
total
8
-
-
-
Dividends
30
-
-
-
withholding
8
-
-
-
total
8
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 506
1 490
1 490
823
After tax
444
460
460
1 127
Living cost
423
423
423
423
Free-cash
21
37
37
704

Estimated living cost  is £423 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£128
-£37
£875
£1137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
income
-
-
-
556
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
306
-
1 778
-
health
35
-
204
-
pensions
34
-
69
-
income
42
-
434
-
total
111
-
707
-
Employer
306
-
1 778
-
accident
5
-
30
-
pensions
50
-
99
-
unemployment
8
-
44
-
total
63
-
173
-
Corporate
1 581
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.

1 423
1 755
-
-
total
1 423
1 755
-
-
Dividends
158
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 627
1 792
880
618
After tax
323
158
1 070
1 332
Living cost
195
195
195
195
Free-cash
128
-37
875
1 137

Estimated living cost  is £195 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£888
£860
£636
£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

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
municipal
-
-
-
346
national
-
-
-
378
health
-
-
-
26
total
-
-
-
750
Employee
462
-
1 640
-
national
8
-
241
-
unemployment
7
-
25
-
health
3
-
22
-
municipal
76
-
267
-
pensions
31
-
111
-
total
125
-
666
-
Employer
462
-
1 640
-
accident
-
-
2
-
pensions
80
-
285
-
unemployment
3
-
11
-
health
4
-
13
-
total
87
-
311
-
Corporate
1 400
1 950
-
-
income
280
390
-
-
total
280
390
-
-
Dividends

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

840
1 170
-
-
municipal
151
211
-
-
national
82
152
-
-
total
233
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
725
753
977
750
After tax
1 225
1 197
973
1 200
Living cost
337
337
337
337
Free-cash
888
860
636
863

Estimated living cost  is £337 per week

£220
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1169
£1218
£1093
£1110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
income
-
-
-
445
health
-
-
-
50
total
-
-
-
637
Employee
676
676
1 840
-
health
5
11
31
-
social contributions
26
56
76
-
income
74
63
437
-
total
105
130
544
-
Employer
676
676
1 840
-
social contributions
26
56
76
-
health
6
13
34
-
total
32
69
110
-
Corporate
1 611
1 206
-
-
income
201
151
-
-
total
201
151
-
-
Dividends
1 410
1 055
-
-
withholding
240
179
-
-
total
240
179
-
-
Income
1 950
1 950
1 950
1 950
Total tax
578
529
654
637
After tax
1 372
1 421
1 296
1 313
Living cost
203
203
203
203
Free-cash
1 169
1 218
1 093
1 110

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1431
£1475
£1344
£1520
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

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

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

202
-
1 864
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 728
1 950
-
-
income
155
175
-
-
total
155
175
-
-
Dividends
1 572
1 775
-
-
withholding
141
160
-
-
total
141
160
-
-
Income
1 950
1 950
1 950
1 950
Total tax
379
335
466
290
After tax
1 571
1 615
1 484
1 660
Living cost
140
140
140
140
Free-cash
1 431
1 475
1 344
1 520

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1014
£1053
£810
£847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
616
pensions
-
-
-
231
accident
-
-
-
7
total
-
-
-
861
Employee
325
-
1 690
-
unemployment
5
-
13
-
other
-
-
1
-
pensions
15
-
38
-
income
63
-
586
-
total
83
-
638
-
Employer
325
-
1 690
-
other
3
-
7
-
accident
6
-
16
-
pensions
77
-
192
-
unemployment
18
-
45
-
total
104
-
260
-
Corporate
1 521
1 950
-
-
income

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

228
292
-
-
total
228
292
-
-
Dividends
1 293
1 658
-
-
withholding
279
363
-
-
total
279
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
694
655
898
861
After tax
1 256
1 295
1 052
1 089
Living cost
242
242
242
242
Free-cash
1 014
1 053
810
847

Estimated living cost  is £242 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1198
£1200
£1239
£1241
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
671
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
692
Employee
25
-
1 936
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
5
-
income
5
-
671
-
total
8
-
680
-
Employer
25
-
1 936
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
1 919
1 950
-
-
income
422
429
-
-
total
422
429
-
-
Dividends
1 497
1 521
-
-
withholding
299
304
-
-
total
299
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
735
733
694
692
After tax
1 215
1 217
1 256
1 258
Living cost
17
17
17
17
Free-cash
1 198
1 200
1 239
1 241

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
£1213
£1257
£1102
£1101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
10
income
-
-
-
451
pensions
-
-
-
169
health
-
-
-
67
total
-
-
-
697
Employee

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

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

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

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

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

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

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

229
-
1 834
-
pensions
27
-
78
-
unemployment
2
-
5
-
health
12
-
33
-
total
41
-
116
-
Corporate
1 680
1 950
-
-
income
252
292
-
-
total
252
292
-
-
Dividends
1 428
1 658
-
-
withholding
214
249
-
-
total
214
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
585
541
696
697
After tax
1 365
1 409
1 254
1 253
Living cost
152
152
152
152
Free-cash
1 213
1 257
1 102
1 101

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£868
£872
£631
£781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
254
surtax
-
-
-
-
total
-
-
-
932
Employee
341
-
1 576
-
surtax
-
-
2
-
social contributions
38
-
173
-
income
67
-
533
-
total
105
-
708
-
Employer
341
-
1 576
-
social contributions
81
-
374
-
total
81
-
374
-
Corporate
1 528
1 950
-
-
income
321
410
-
-
surtax
-
-
-
-
total
321
410
-
-
Dividends
1 207
1 540
-
-
withholding
338
431
-
-
total
338
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
845
841
1 082
932
After tax
1 105
1 109
868
1 018
Living cost
237
237
237
237
Free-cash
868
872
631
781

Estimated living cost  is £237 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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£929
£986
£743
£780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
616
pensions
-
-
-
231
accident
-
-
-
7
total
-
-
-
861
Employee
424
-
1 690
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
20
-
38
-
income
89
-
586
-
total
116
-
638
-
Employer
424
-
1 690
-
other
3
-
7
-
accident
8
-
16
-
pensions
100
-
192
-
unemployment
23
-
45
-
total
134
-
260
-
Corporate
1 390
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.

209
292
-
-
total
209
292
-
-
Dividends
1 182
1 658
-
-
withholding
253
363
-
-
total
253
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
712
655
898
861
After tax
1 238
1 295
1 052
1 089
Living cost
309
309
309
309
Free-cash
929
986
743
780

Estimated living cost  is £309 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1462
£1515
£1505
£1424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1
income
-
-
-
292
pensions

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

-
-
-
46
health
-
-
-
35
total
-
-
-
374
Employee
201
-
1 890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
189
-
total
49
-
233
-
Employer
201
-
1 890
-
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.

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 710
1 950
-
-
income
171
195
-
-
total
171
195
-
-
Dividends
1 539
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
336
283
293
374
After tax
1 614
1 667
1 657
1 576
Living cost
152
152
152
152
Free-cash
1 462
1 515
1 505
1 424

Estimated living cost  is £152 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£779
£665
£868
£647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
221
income

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

-
-
-
647
health

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

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

-
-
-
60
surtax

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

-
-
-
36
total
-
-
-
964
Employee

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

437
-
1 950
-
surtax

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

2
-
36
-
health

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

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

60
-
60
-
income

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

36
-
647
-
total
98
-
743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 513
1 950
-
-
trade
217
280
-
-
income
227
292
-
-
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
-
-
chamber of commerce
4
4
-
-
total
460
592
-
-
Dividends
1 053
1 357
-
-
withholding
260
336
-
-
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
-
-
total
274
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
832
946
743
964
After tax
1 118
1 004
1 207
986
Living cost
339
339
339
339
Free-cash
779
665
868
647

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£883
£864
£479
£479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
335
income
-
-
-
635
total
-
-
-
970
Employee
687
-
1 950
-
social contributions
57
-
335
-
income
130
-
635
-
total
187
-
970
-
Employer
687
-
1 950
-
total
-
-
-
-
Corporate
1 263
1 950
-
-
income
158
244
-
-
total
158
244
-
-
Dividends
1 105
1 706
-
-
withholding
221
341
-
-
total
221
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
566
585
970
970
After tax
1 384
1 365
980
980
Living cost
501
501
501
501
Free-cash
883
864
479
479

Estimated living cost  is £501 per week

£381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£934
£902
£1044
£1285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
54
income
-
-
-
292
total
-
-
-
346
Employee
403
-
1 910
-
social contributions
40
-
40
-
income
44
-
507
-
total
84
-
547
-
Employer
403
-
1 910
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 506
1 950
-
-
income
527
683
-
-
total
527
683
-
-
Dividends
979
1 267
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 950
1 950
1 950
1 950
Total tax
697
729
587
346
After tax
1 253
1 221
1 363
1 604
Living cost
319
319
319
319
Free-cash
934
902
1 044
1 285

Estimated living cost  is £319 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£960
£909
£764
£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
-
health
6
-
23
-
pensions
34
-
104
-
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
£125
-£56
£856
£1118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
3
income
-
-
-
556
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
618
Employee
337
-
1 778
-
health
39
-
204
-
pensions
38
-
69
-
income
46
-
434
-
total
123
-
707
-
Employer
337
-
1 778
-
accident
6
-
30
-
pensions
55
-
99
-
unemployment
8
-
44
-
total
69
-
173
-
Corporate
1 545
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.

1 390
1 755
-
-
total
1 390
1 755
-
-
Dividends
154
195
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 611
1 792
880
618
After tax
339
158
1 070
1 332
Living cost
214
214
214
214
Free-cash
125
-56
856
1 118

Estimated living cost  is £214 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1346
£1373
£1310
£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

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

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

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

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

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

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£638
£677
£491
£564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
regional
-
-
-
47
social contributions
-
-
-
440
municipal
-
-
-
14
national
-
-
-
535
total
-
-
-
1 036
Employee
741
-
1 950
-
national
125
-
477
-
regional
11
-
43
-
municipal
4
-
12
-
social contributions
250
-
577
-
total
390
-
1 109
-
Employer
741
-
1 950
-
total
-
-
-
-
Corporate
1 209
1 950
-
-
nationa
290
468
-
-
municipal
58
94
-
-
total
348
562
-
-
Dividends
861
1 388
-
-
withholding
224
361
-
-
total
224
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
962
923
1 109
1 036
After tax
988
1 027
841
914
Living cost
350
350
350
350
Free-cash
638
677
491
564

Estimated living cost  is £350 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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