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
£819
£725
£945
£701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
244
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
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.

-
-
-
652
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.

-
-
-
58
total
-
-
-
990
Employee

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

327
-
1 950
-
health

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

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

58
-
58
-
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
-
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
-
652
-
total
68
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 623
1 950
-
-
surtax

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

13
16
-
-
trade
256
307
-
-
chamber of commerce
4
4
-
-
income
243
292
-
-
total
516
619
-
-
Dividends
1 107
1 330
-
-
surtax

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

15
18
-
-
withholding
273
329
-
-
total
288
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
872
966
746
990
After tax
1 078
984
1 204
960
Living cost
259
259
259
259
Free-cash
819
725
945
701

Estimated living cost  is £259 per week

£163
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.
£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.
£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

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
£732
£740
£657
£645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
21
municipal
-
-
-
216
pensions
-
-
-
234
national
-
-
-
357
total
-
-
-
828
Employee
739
-
1 686
-
national
141
-
373
-
pensions
30
-
67
-
municipal
91
-
223
-
total
262
-
663
-
Employer
739
-
1 686
-
social contributions
8
-
18
-
pensions
59
-
135
-
total
67
-
153
-
Corporate
1 095
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%.

219
390
-
-
total
219
390
-
-
Dividends
876
1 560
-
-
withholding
193
343
-
-
total
193
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
741
733
816
828
After tax
1 209
1 217
1 134
1 122
Living cost
477
477
477
477
Free-cash
732
740
657
645

Estimated living cost  is £477 per week

£324
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.
£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.
£101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1311
£1382
£671
£533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 950
surtax
-
-
-
497
social contributions

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

-
-
-
328
income
-
-
-
414
microenterprise
-
-
-
-
total
-
-
-
1 239
Employee
250
-
1 535
-
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
-
112
-
surtax
-
-
223
-
income
45
-
351
-
total
73
-
686
-
Employer
250
-
1 535
-
surtax
-
-
169
-
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.

60
-
246
-
total
60
-
415
-
Corporate
1 640
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%.

328
390
-
-
total
328
390
-
-
Dividends

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

1 312
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
461
390
1 101
1 239
After tax
1 489
1 560
849
711
Living cost
178
178
178
178
Free-cash
1 311
1 382
671
533

Estimated living cost  is £178 per week

£114
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.
£43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£560
£614
£888
£687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
698
pensions
-
-
-
100
health
-
-
-
106
total
-
-
-
904
Employee
731
731
1 791
-
health
112
95
106
-
pensions
132
100
100
-
income

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

120
120
338
-
total
364
315
544
-
Employer
731
731
1 791
-
health
51
51
63
-
unemployment
26
26
33
-
pensions
51
51
63
-
total
128
128
159
-
Corporate
1 100
1 091
-
-
income
220
218
-
-
total
220
218
-
-
Dividends
880
873
-
-
income
187
185
-
-
withholding
132
131
-
-
total
319
316
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 031
977
703
904
After tax
919
973
1 247
1 046
Living cost
359
359
359
359
Free-cash
560
614
888
687

Estimated living cost  is £359 per week

£254
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.
£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.
£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 Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£713
£720
£621
£629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
municipal
-
-
-
516
unemployment
-
-
-
1
pensions
-
-
-
82
accident
-
-
-
2
health
-
-
-
47
national
-
-
-
240
total
-
-
-
976
Employee
491
-
1 713
-
national
-
-
235
-
municipal
146
-
511
-
total
146
-
746
-
Employer
491
-
1 713
-
other
57
-
88
-
health
30
-
46
-
accident
1
-
2
-
unemployment
13
-
20
-
pensions
53
-
82
-
total
154
-
238
-
Corporate
1 305
1 950
-
-
income
287
429
-
-
total
287
429
-
-
Dividends
1 018
1 521
-
-
withholding
305
456
-
-
total
305
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
892
885
984
976
After tax
1 058
1 065
966
974
Living cost
345
345
345
345
Free-cash
713
720
621
629

Estimated living cost  is £345 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£758
£637
£868
£613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
trade
-
-
-
255
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
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.

-
-
-
652
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.

-
-
-
58
total
-
-
-
1 001
Employee

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

434
-
1 950
-
health

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

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

58
-
58
-
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
-
income

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

37
-
652
-
total
97
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 516
1 950
-
-
surtax

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

13
16
-
-
trade
249
321
-
-
chamber of commerce
3
4
-
-
income
227
292
-
-
total
492
633
-
-
Dividends
1 023
1 317
-
-
surtax

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

14
18
-
-
withholding
253
326
-
-
total
267
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
856
977
746
1 001
After tax
1 094
973
1 204
949
Living cost
336
336
336
336
Free-cash
758
637
868
613

Estimated living cost  is £336 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Hamburg model

Close
Limassol , Cyprus
£1107
£1143
£1017
£1032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
139
income
-
-
-
451
health
-
-
-
50
total
-
-
-
640
Employee
658
658
1 842
-
social contributions
32
55
74
-
health
7
11
31
-
income
69
61
442
-
total
108
127
547
-
Employer
658
658
1 842
-
health
7
12
34
-
social contributions
32
55
74
-
total
39
67
108
-
Corporate
1 526
1 225
-
-
income
191
153
-
-
total
191
153
-
-
Dividends
1 335
1 072
-
-
withholding
227
182
-
-
total
227
182
-
-
Income
1 950
1 950
1 950
1 950
Total tax
565
529
655
640
After tax
1 385
1 421
1 295
1 310
Living cost
278
278
278
278
Free-cash
1 107
1 143
1 017
1 032

Estimated living cost  is £278 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£931
£927
£964
£1183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
238
unemployment
-
-
-
29
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.

243
97
1 632
-
unemployment
4
1
24
-
health
17
7
114
-
pensions
24
10
163
-
income
30
12
199
-
total
75
30
500
-
Employer

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

The minimum wage is 138,000 HUF per month.

243
97
1 632
-
pensions
47
19
318
-
total
47
19
318
-
Corporate
1 660
1 834
-
-
income
149
165
-
-
total
149
165
-
-
Dividends
1 510
1 669
-
-
social contributions
293
324
-
-
withholding
287
317
-
-
total
580
641
-
-
Income
1 950
1 950
1 950
1 950
Total tax
851
855
818
599
After tax
1 099
1 095
1 132
1 351
Living cost
168
168
168
168
Free-cash
931
927
964
1 183

Estimated living cost  is £168 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1299
£1353
£918
£838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
243
-
1 457
-
unemployment
4
-
23
-
pensions
5
-
29
-
income
27
-
281
-
total
36
-
333
-
Employer
243
-
1 457
-
health
32
-
189
-
unemployment
2
-
12
-
pensions
49
-
291
-
total
83
-
492
-
Corporate
1 625
1 950
-
-
income
325
390
-
-
total
325
390
-
-
Dividends
1 300
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
207
207
207
207
Free-cash
1 299
1 353
918
838

Estimated living cost  is £207 per week

£142
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.
£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 Tallinn model

Close
Gdansk , Poland
£131
-£27
£890
£1147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
560
pensions
-
-
-
35
accident
-
-
-
2
health
-
-
-
18
total
-
-
-
618
Employee
291
-
1 784
-
health
33
-
204
-
pensions
33
-
64
-
income
40
-
440
-
total
106
-
708
-
Employer
291
-
1 784
-
accident
5
-
30
-
unemployment
7
-
44
-
pensions
47
-
93
-
total
59
-
167
-
Corporate
1 599
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.

1 439
1 755
-
-
total
1 439
1 755
-
-
Dividends
160
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 634
1 792
875
618
After tax
316
158
1 075
1 332
Living cost
185
185
185
185
Free-cash
131
-27
890
1 147

Estimated living cost  is £185 per week

£136
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.
£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

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
£1762
£1777
£1484
£1854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
95
-
1 950
-
income
19
-
390
-
total
19
-
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%.

1 855
1 950
-
-
total
-
-
-
-
Dividends
1 855
1 950
-
-
withholding
93
97
-
-
total
93
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
112
97
390
20
After tax
1 838
1 853
1 560
1 930
Living cost
76
76
76
76
Free-cash
1 762
1 777
1 484
1 854

Estimated living cost  is £76 per week

£47
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1148
£1205
£932
£948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
62
income
-
-
-
343
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.

-
-
-
312
health
-
-
-
57
total
-
-
-
774
Employee
311
-
1 619
-
unemployment
3
-
13
-
health
4
-
18
-
pensions

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

22
-
91
-
income
53
-
338
-
total
82
-
460
-
Employer
311
-
1 619
-
other
16
-
65
-
health
4
-
18
-
accident
2
-
13
-
unemployment
3
-
13
-
pensions

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

53
-
221
-
total
78
-
330
-
Corporate
1 561
1 950
-
-
income
328
409
-
-
total
328
409
-
-
Dividends
1 233
1 541
-
-
withholding
86
108
-
-
total
86
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
574
517
790
774
After tax
1 376
1 433
1 160
1 176
Living cost
228
228
228
228
Free-cash
1 148
1 205
932
948

Estimated living cost  is £228 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£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
-
health
16
-
32
-
pensions
98
-
218
-
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
£1515
£1555
£1547
£1466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
293
unemployment
-
-
-
1
pensions

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

-
-
-
44
health
-
-
-
34
total
-
-
-
372
Employee
149
-
1 891
-
health
7
-
14
-
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.

13
-
26
-
income
15
-
189
-
total
37
-
232
-
Employer
149
-
1 891
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

16
-
33
-
total
29
-
59
-
Corporate
1 772
1 950
-
-
income
177
195
-
-
total
177
195
-
-
Dividends
1 595
1 755
-
-
withholding
80
88
-
-
total
80
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
323
283
291
372
After tax
1 627
1 667
1 659
1 578
Living cost
112
112
112
112
Free-cash
1 515
1 555
1 547
1 466

Estimated living cost  is £112 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£519
£498
£772
£571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
698
pensions
-
-
-
100
health
-
-
-
106
total
-
-
-
904
Employee
794
731
1 791
-
health
99
95
106
-
pensions
100
100
100
-
income

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

120
120
338
-
total
319
315
544
-
Employer
794
731
1 791
-
health
55
51
63
-
unemployment
29
26
33
-
pensions
55
51
63
-
total
139
128
159
-
Corporate
1 017
1 091
-
-
income
203
218
-
-
total
203
218
-
-
Dividends
814
873
-
-
income
173
185
-
-
withholding
122
131
-
-
total
295
316
-
-
Income
1 950
1 950
1 950
1 950
Total tax
956
977
703
904
After tax
994
973
1 247
1 046
Living cost
475
475
475
475
Free-cash
519
498
772
571

Estimated living cost  is £475 per week

£350
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1056
£1130
£852
£939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
income
-
-
-
207
health
-
-
-
263
solidarity contribution
-
-
-
23
total
-
-
-
799
Employee
312
-
1 549
-
social contributions
20
-
68
-
health
42
-
209
-
solidarity contribution
-
-
16
-
income
37
-
191
-
total
99
-
484
-
Employer
312
-
1 549
-
health
28
-
139
-
social contributions
78
-
262
-
total
106
-
401
-
Corporate
1 531
1 950
-
-
income
291
371
-
-
total
291
371
-
-
Dividends
1 240
1 579
-
-
withholding
186
237
-
-
total
186
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
682
608
885
799
After tax
1 268
1 342
1 065
1 151
Living cost
212
212
212
212
Free-cash
1 056
1 130
852
939

Estimated living cost  is £212 per week

£148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

Close
Milan , Italy
£635
£679
£508
£581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
municipal
-
-
-
12
national
-
-
-
543
total
-
-
-
1 008
Employee
761
-
1 950
-
social contributions
257
-
562
-
national
132
-
486
-
regional
7
-
22
-
municipal
4
-
11
-
total
400
-
1 081
-
Employer
761
-
1 950
-
total
-
-
-
-
Corporate
1 189
1 950
-
-
municipal
46
76
-
-
nationa
285
468
-
-
total
331
544
-
-
Dividends
857
1 406
-
-
withholding
223
366
-
-
total
223
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
954
910
1 081
1 008
After tax
996
1 040
869
942
Living cost
361
361
361
361
Free-cash
635
679
508
581

Estimated living cost  is £361 per week

£252
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1011
£1038
£676
£728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
surtax
-
-
-
104
income
-
-
-
617
unemployment
-
-
-
2
pensions
-
-
-
229
health
-
-
-
81
total
-
-
-
1 033
Employee
283
-
1 710
-
other
-
-
-
-
unemployment
20
-
80
-
health
7
-
29
-
surtax
1
-
94
-
pensions
19
-
76
-
income
47
-
566
-
total
94
-
845
-
Employer
283
-
1 710
-
other
-
-
-
-
health
13
-
52
-
unemployment
9
-
36
-
pensions
38
-
152
-
total
60
-
240
-
Corporate
1 607
1 950
-
-
income
418
507
-
-
total
418
507
-
-
Dividends
1 189
1 443
-
-
withholding
178
216
-
-
total
178
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
750
723
1 085
1 033
After tax
1 200
1 227
865
917
Living cost
189
189
189
189
Free-cash
1 011
1 038
676
728

Estimated living cost  is £189 per week

£116
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£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
-
health
11
-
32
-
pensions
60
-
218
-
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
£501
£213
£797
£871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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
regional
-
-
-
108
city
-
-
-
21
pensions
-
-
-
179
health
-
-
-
4
national
-
-
-
49
total
-
-
-
400
Employee
795
-
1 754
-
national
4
-
40
-
unemployment
-
-
-
-
regional
26
-
96
-
city
9
-
19
-
health
2
-
4
-
pensions
67
-
138
-
total
108
-
297
-
Employer
795
-
1 754
-
other

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

16
-
35
-
health
2
-
4
-
unemployment
-
-
-
-
pensions
67
-
138
-
total
85
-
177
-
Corporate
1 062
1 950
-
-
national
90
166
-
-
regional
225
412
-
-
total
315
578
-
-
Dividends
747
1 372
-
-
withholding
262
480
-
-
total
262
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
770
1 058
474
400
After tax
1 180
892
1 476
1 550
Living cost
679
679
679
679
Free-cash
501
213
797
871

Estimated living cost  is £679 per week

£442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£712
£572
£812
£546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
266
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
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.

-
-
-
652
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.

-
-
-
58
total
-
-
-
1 012
Employee

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

514
-
1 950
-
health

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

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

58
-
58
-
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
-
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.

60
-
652
-
total
121
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 436
1 950
-
-
surtax

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

12
16
-
-
trade
246
334
-
-
chamber of commerce
3
4
-
-
income
215
292
-
-
total
476
646
-
-
Dividends
959
1 303
-
-
surtax

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

13
18
-
-
withholding
236
322
-
-
total
249
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
846
986
746
1 012
After tax
1 104
964
1 204
938
Living cost
392
392
392
392
Free-cash
712
572
812
546

Estimated living cost  is £392 per week

£286
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£741
£690
£714
£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
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
income
-
-
-
367
pensions
-
-
-
306
health
-
-
-
96
total
-
-
-
885
Employee
366
-
1 486
-
social contributions
10
-
42
-
surtax
-
-
-
-
pensions
41
-
113
-
income
22
-
325
-
total
73
-
480
-
Employer
366
-
1 486
-
other
13
-
62
-
health
26
-
149
-
social contributions
1
-
4
-
unemployment
15
-
60
-
pensions
60
-
188
-
total
115
-
463
-
Corporate
1 469
1 950
-
-
surtax
-
-
-
-
income
411
546
-
-
total
411
546
-
-
Dividends
1 058
1 404
-
-
withholding
135
180
-
-
social contributions
182
241
-
-
surtax
-
-
-
-
total
317
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
916
967
943
885
After tax
1 034
983
1 007
1 065
Living cost
293
293
293
293
Free-cash
741
690
714
772

Estimated living cost  is £293 per week

£185
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.
£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 Nice model

Close
Marseille , France
£767
£719
£743
£801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
income
-
-
-
367
pensions
-
-
-
306
health
-
-
-
96
total
-
-
-
885
Employee
327
-
1 486
-
social contributions
9
-
42
-
surtax
-
-
-
-
pensions
37
-
113
-
income
17
-
325
-
total
63
-
480
-
Employer
327
-
1 486
-
other
11
-
62
-
health
23
-
149
-
social contributions
1
-
4
-
unemployment
13
-
60
-
pensions
54
-
188
-
total
102
-
463
-
Corporate
1 521
1 950
-
-
surtax
-
-
-
-
income
426
546
-
-
total
426
546
-
-
Dividends
1 095
1 404
-
-
withholding
140
180
-
-
social contributions
188
241
-
-
surtax
-
-
-
-
total
328
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
943
885
After tax
1 031
983
1 007
1 065
Living cost
264
264
264
264
Free-cash
767
719
743
801

Estimated living cost  is £264 per week

£153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Marseille model

Close
Vilnius , Lithuania
£1012
£1007
£1017
£1071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
290
-
1 950
-
social contributions
40
-
269
-
health
20
-
136
-
income
48
-
346
-
total
108
-
751
-
Employer
290
-
1 950
-
total
-
-
-
-
Corporate
1 660
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
98
-
-
total
83
98
-
-
Dividends
1 577
1 852
-
-
social contributions
218
256
-
-
withholding
237
278
-
-
health
110
129
-
-
total
565
663
-
-
Income
1 950
1 950
1 950
1 950
Total tax
756
761
751
697
After tax
1 194
1 189
1 199
1 253
Living cost
182
182
182
182
Free-cash
1 012
1 007
1 017
1 071

Estimated living cost  is £182 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£758
£775
£209
£696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
2
chamber of commerce
-
-
-
8
income
-
-
-
628
unemployment
-
-
-
53
pensions
-
-
-
185
health
-
-
-
76
total
-
-
-
952
Employee
428
341
1 616
-
other
4
3
10
-
unemployment
13
10
30
-
health
17
13
39
-
pensions
44
35
102
-
income
49
25
528
-
total
127
86
709
-
Employer
428
341
1 616
-
other
20
16
71
-
chamber of commerce
2
1
6
-
surtax
2
2
2
-
health
16
13
38
-
accident
6
4
13
-
payroll
13
10
48
-
unemployment
13
10
30
-
pensions
54
43
126
-
total
126
99
334
-
Corporate
1 397
1 509
1 583
-
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.

349
377
396
-
total
349
377
396
-
Dividends
1 048
1 132
-
-
withholding
288
311
-
-
total
288
311
-
-
Income
1 950
1 950
1 950
1 950
Total tax
890
873
1 439
952
After tax
1 060
1 077
511
998
Living cost
302
302
302
302
Free-cash
758
775
209
696

Estimated living cost  is £302 per week

£201
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£649
£757
£350
£537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
213
communal

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

-
-
-
104
national
-
-
-
784
total
-
-
-
1 101
Employee

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

612
-
1 510
-
national
188
-
572
-
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.

29
-
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.

46
-
113
-
communal

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

32
-
79
-
total
300
-
848
-
Employer

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

612
-
1 510
-
surtax
69
-
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.

38
-
93
-
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
-
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
-
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.

54
-
134
-
total
178
-
440
-
Corporate
1 159
1 950
-
-
surtax
5
8
-
-
income
232
419
-
-
total
237
427
-
-
Dividends
923
1 522
-
-
withholding

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

274
454
-
-
total
274
454
-
-
Income
1 950
1 950
1 950
1 950
Total tax
989
881
1 288
1 101
After tax
961
1 069
662
849
Living cost
312
312
312
312
Free-cash
649
757
350
537

Estimated living cost  is £312 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brussels model

Close
Barcelona , Spain
£928
£986
£745
£779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
income
-
-
-
623
unemployment
-
-
-
6
pensions
-
-
-
225
accident
-
-
-
7
total
-
-
-
862
Employee
426
-
1 697
-
other
-
-
1
-
unemployment
7
-
12
-
pensions
20
-
37
-
income
90
-
593
-
total
117
-
643
-
Employer
426
-
1 697
-
other
3
-
6
-
accident
8
-
16
-
unemployment
23
-
44
-
pensions
101
-
187
-
total
135
-
253
-
Corporate
1 388
1 950
-
-
income

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

208
292
-
-
total
208
292
-
-
Dividends
1 180
1 658
-
-
withholding
253
363
-
-
total
253
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
713
655
896
862
After tax
1 237
1 295
1 054
1 088
Living cost
309
309
309
309
Free-cash
928
986
745
779

Estimated living cost  is £309 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£517
£638
£527
£450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
97
income
-
-
-
370
communal
-
-
-
123
pensions
-
-
-
292
accident
-
-
-
16
health
-
-
-
137
total
-
-
-
1 035
Employee
648
-
1 742
-
health
29
-
78
-
surtax
40
-
107
-
pensions
52
-
139
-
income
63
-
426
-
total
184
-
750
-
Employer
648
-
1 742
-
health
20
-
53
-
accident
6
-
16
-
pensions
52
-
139
-
total
78
-
208
-
Corporate
1 224
1 950
-
-
surtax
13
20
-
-
income
184
292
-
-
communal
83
132
-
-
total
280
444
-
-
Dividends
945
1 505
-
-
income
284
177
-
-
withholding
142
226
-
-
total
426
403
-
-
Income
1 950
1 950
1 950
1 950
Total tax
968
847
958
1 035
After tax
982
1 103
992
915
Living cost
465
465
465
465
Free-cash
517
638
527
450

Estimated living cost  is £465 per week

£349
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.
£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 Luxembourg model

Close
Athens , Greece
£1009
£1035
£673
£725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
-
surtax
-
-
-
104
income
-
-
-
617
unemployment
-
-
-
2
pensions
-
-
-
229
health
-
-
-
81
total
-
-
-
1 033
Employee
288
-
1 710
-
other
-
-
-
-
unemployment
20
-
80
-
health
7
-
29
-
surtax
1
-
94
-
pensions
19
-
76
-
income
48
-
566
-
total
95
-
845
-
Employer
288
-
1 710
-
other
-
-
-
-
health
13
-
52
-
unemployment
9
-
36
-
pensions
38
-
152
-
total
60
-
240
-
Corporate
1 601
1 950
-
-
income
416
507
-
-
total
416
507
-
-
Dividends
1 185
1 443
-
-
withholding
178
216
-
-
total
178
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
749
723
1 085
1 033
After tax
1 201
1 227
865
917
Living cost
192
192
192
192
Free-cash
1 009
1 035
673
725

Estimated living cost  is £192 per week

£116
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£776
£794
£632
£705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
municipal
-
-
-
12
national
-
-
-
543
total
-
-
-
1 014
Employee
475
-
1 950
-
social contributions
160
-
562
-
national
75
-
486
-
regional
6
-
28
-
municipal
3
-
11
-
total
244
-
1 087
-
Employer
475
-
1 950
-
total
-
-
-
-
Corporate
1 475
1 950
-
-
municipal
73
97
-
-
nationa
354
468
-
-
total
427
565
-
-
Dividends
1 048
1 385
-
-
withholding
272
360
-
-
total
272
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
943
925
1 087
1 014
After tax
1 007
1 025
863
936
Living cost
231
231
231
231
Free-cash
776
794
632
705

Estimated living cost  is £231 per week

£143
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.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£988
£1080
£803
£889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
income
-
-
-
207
health
-
-
-
263
solidarity contribution
-
-
-
23
total
-
-
-
799
Employee
385
-
1 549
-
social contributions
25
-
68
-
health
52
-
209
-
solidarity contribution
-
-
16
-
income
46
-
191
-
total
123
-
484
-
Employer
385
-
1 549
-
health
35
-
139
-
social contributions
96
-
262
-
total
131
-
401
-
Corporate
1 434
1 950
-
-
income
272
371
-
-
total
272
371
-
-
Dividends
1 162
1 579
-
-
withholding
174
237
-
-
total
174
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
700
608
885
799
After tax
1 250
1 342
1 065
1 151
Living cost
262
262
262
262
Free-cash
988
1 080
803
889

Estimated living cost  is £262 per week

£195
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.
£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 Prague model

Close
Graz , Austria
£800
£804
£238
£727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
surtax
-
-
-
-
chamber of commerce
-
-
-
8
income
-
-
-
628
unemployment
-
-
-
53
pensions
-
-
-
185
health
-
-
-
76
total
-
-
-
950
Employee
374
341
1 617
-
other
4
3
10
-
unemployment
11
10
30
-
health
14
13
39
-
pensions
38
35
102
-
income
33
25
528
-
total
100
86
709
-
Employer
374
341
1 617
-
other
18
16
72
-
chamber of commerce
1
1
6
-
surtax
-
-
-
-
health
14
13
38
-
accident
5
4
13
-
payroll
11
10
49
-
unemployment
11
10
30
-
pensions
47
43
126
-
total
107
97
334
-
Corporate
1 468
1 511
1 585
-
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.

367
378
396
-
total
367
378
396
-
Dividends
1 101
1 133
-
-
withholding
303
312
-
-
total
303
312
-
-
Income
1 950
1 950
1 950
1 950
Total tax
877
873
1 439
950
After tax
1 073
1 077
511
1 000
Living cost
273
273
273
273
Free-cash
800
804
238
727

Estimated living cost  is £273 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1711
£1734
£1441
£1811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
149
-
1 950
-
income
30
-
390
-
total
30
-
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%.

1 801
1 950
-
-
total
-
-
-
-
Dividends
1 801
1 950
-
-
withholding
90
97
-
-
total
90
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
120
97
390
20
After tax
1 830
1 853
1 560
1 930
Living cost
119
119
119
119
Free-cash
1 711
1 734
1 441
1 811

Estimated living cost  is £119 per week

£80
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.
£29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1042
£1112
£631
£673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
496
unemployment
-
-
-
3
pensions
-
-
-
356
health
-
-
-
192
total
-
-
-
1 047
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.

379
-
1 687
-
unemployment
1
-
2
-
health
24
-
109
-
pensions
59
-
262
-
income
65
-
454
-
total
149
-
827
-
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.

379
-
1 687
-
health
25
-
112
-
unemployment
-
-
1
-
pensions
33
-
149
-
total
58
-
262
-
Corporate
1 513
1 950
-
-
income
287
371
-
-
total
287
371
-
-
Dividends
1 225
1 579
-
-
withholding
184
237
-
-
total
184
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
678
608
1 089
1 047
After tax
1 272
1 342
861
903
Living cost
230
230
230
230
Free-cash
1 042
1 112
631
673

Estimated living cost  is £230 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£331
£779
£1419
£941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
583
-
-
-
social contributions
48
-
7
-
income
129
-
-
-
total
177
-
7
-
Employer
583
-
-
-
social contributions
822
-
117
-
total
822
-
117
-
Corporate
545
1 950
-
-
income
120
429
-
-
total
120
429
-
-
Dividends
425
1 521
-
-
income
93
335
-
-
total
93
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 212
764
124
602
After tax
738
1 186
1 826
1 348
Living cost
407
407
407
407
Free-cash
331
779
1 419
941

Estimated living cost  is £407 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£831
£841
£594
£747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

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

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

-
-
-
678
income
-
-
-
256
total
-
-
-
934
Employee
394
-
1 576
-
social contributions
43
-
173
-
surtax
-
-
3
-
income
82
-
537
-
total
125
-
713
-
Employer
394
-
1 576
-
social contributions
94
-
374
-
total
94
-
374
-
Corporate
1 463
1 950
-
-
surtax
-
-
-
-
income
307
409
-
-
total
307
409
-
-
Dividends
1 156
1 541
-
-
withholding
324
431
-
-
total
324
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
850
840
1 087
934
After tax
1 100
1 110
863
1 016
Living cost
269
269
269
269
Free-cash
831
841
594
747

Estimated living cost  is £269 per week

£201
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 Lisbon model

Close
Paris , France
£627
£570
£594
£652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
income
-
-
-
367
pensions
-
-
-
306
health
-
-
-
96
total
-
-
-
885
Employee
536
-
1 486
-
social contributions
15
-
42
-
surtax
-
-
-
-
pensions
61
-
113
-
income
47
-
325
-
total
123
-
480
-
Employer
536
-
1 486
-
other
19
-
62
-
health
38
-
149
-
social contributions
2
-
4
-
unemployment
22
-
60
-
pensions
88
-
188
-
total
169
-
463
-
Corporate
1 246
1 950
-
-
surtax
-
-
-
-
income
349
546
-
-
total
349
546
-
-
Dividends
897
1 404
-
-
withholding
115
180
-
-
social contributions
154
241
-
-
surtax
-
-
-
-
total
269
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
910
967
943
885
After tax
1 040
983
1 007
1 065
Living cost
413
413
413
413
Free-cash
627
570
594
652

Estimated living cost  is £413 per week

£280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1469
£1498
£1215
£1164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
429
income
-
-
-
100
total
-
-
-
529
Employee
275
-
1 688
-
income
-
-
106
-
social contributions
18
-
110
-
total
18
-
216
-
Employer
275
-
1 688
-
social contributions
43
-
262
-
total
43
-
262
-
Corporate
1 632
1 950
-
-
income
163
195
-
-
total
163
195
-
-
Dividends
1 469
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
224
195
478
529
After tax
1 726
1 755
1 472
1 421
Living cost
257
257
257
257
Free-cash
1 469
1 498
1 215
1 164

Estimated living cost  is £257 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£51
£88
£88
£715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
155
municipal
-
-
-
419
pensions
-
-
-
7
national
-
-
-
243
total
-
-
-
824
Employee
1 737
1 737
1 737
-
national
212
212
212
-
pensions
2
2
2
-
municipal
370
370
370
-
labour market
139
139
139
-
total
723
723
723
-
Employer
1 737
1 737
1 737
-
national
213
213
213
-
labour market
139
139
139
-
pensions
5
5
5
-
municipal
370
370
370
-
total
727
727
727
-
Corporate
88
-
-
-
income
19
-
-
-
total
19
-
-
-
Dividends
69
-
-
-
withholding
19
-
-
-
total
19
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 488
1 450
1 450
824
After tax
462
500
500
1 126
Living cost
412
412
412
412
Free-cash
51
88
88
715

Estimated living cost  is £412 per week

£282
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.
£87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£130
-£24
£893
£1150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
560
pensions
-
-
-
35
accident
-
-
-
2
health
-
-
-
18
total
-
-
-
618
Employee
287
-
1 784
-
health
33
-
204
-
pensions
32
-
64
-
income
39
-
440
-
total
104
-
708
-
Employer
287
-
1 784
-
accident
5
-
30
-
unemployment
7
-
44
-
pensions
47
-
93
-
total
59
-
167
-
Corporate
1 604
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.

1 444
1 755
-
-
total
1 444
1 755
-
-
Dividends
160
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 637
1 792
875
618
After tax
313
158
1 075
1 332
Living cost
182
182
182
182
Free-cash
130
-24
893
1 150

Estimated living cost  is £182 per week

£133
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£893
£865
£639
£865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
26
national
-
-
-
384
total
-
-
-
756
Employee
450
-
1 640
-
national
7
-
246
-
unemployment
7
-
25
-
health
3
-
22
-
pensions
30
-
111
-
municipal
74
-
267
-
total
121
-
671
-
Employer
450
-
1 640
-
health
3
-
13
-
accident
-
-
2
-
unemployment
3
-
11
-
pensions
78
-
285
-
total
84
-
311
-
Corporate
1 415
1 950
-
-
income
283
390
-
-
total
283
390
-
-
Dividends

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

849
1 170
-
-
municipal
153
211
-
-
national
87
155
-
-
total
240
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
728
756
982
756
After tax
1 222
1 194
968
1 194
Living cost
329
329
329
329
Free-cash
893
865
639
865

Estimated living cost  is £329 per week

£215
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1176
£1223
£1097
£1112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
139
income
-
-
-
451
health
-
-
-
50
total
-
-
-
640
Employee
658
658
1 842
-
social contributions
25
55
74
-
health
5
11
31
-
income
72
61
442
-
total
102
127
547
-
Employer
658
658
1 842
-
health
6
12
34
-
social contributions
25
55
74
-
total
31
67
108
-
Corporate
1 620
1 225
-
-
income
202
153
-
-
total
202
153
-
-
Dividends
1 417
1 072
-
-
withholding
241
182
-
-
total
241
182
-
-
Income
1 950
1 950
1 950
1 950
Total tax
576
529
655
640
After tax
1 374
1 421
1 295
1 310
Living cost
198
198
198
198
Free-cash
1 176
1 223
1 097
1 112

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1436
£1479
£1354
£1527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
202
unemployment
-
-
-
-
pensions
-
-
-
54
health
-
-
-
31
total
-
-
-
287
Employee

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

197
-
1 866
-
unemployment
1
-
4
-
health
17
-
69
-
pensions
29
-
122
-
income
13
-
181
-
total
60
-
376
-
Employer

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

197
-
1 866
-
health
8
-
35
-
unemployment
1
-
4
-
pensions
11
-
45
-
total
20
-
84
-
Corporate
1 733
1 950
-
-
income
156
175
-
-
total
156
175
-
-
Dividends
1 577
1 775
-
-
withholding
142
160
-
-
total
142
160
-
-
Income
1 950
1 950
1 950
1 950
Total tax
378
335
460
287
After tax
1 572
1 615
1 490
1 663
Living cost
136
136
136
136
Free-cash
1 436
1 479
1 354
1 527

Estimated living cost  is £136 per week

£87
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.
£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 Podgorica model

Close
Valencia , Spain
£1022
£1060
£819
£853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
623
unemployment
-
-
-
6
pensions
-
-
-
225
accident
-
-
-
7
total
-
-
-
862
Employee
317
-
1 697
-
other
-
-
1
-
unemployment
5
-
12
-
pensions
15
-
37
-
income
61
-
593
-
total
81
-
643
-
Employer
317
-
1 697
-
other
3
-
6
-
accident
6
-
16
-
unemployment
17
-
44
-
pensions
75
-
187
-
total
101
-
253
-
Corporate
1 533
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.

230
292
-
-
total
230
292
-
-
Dividends
1 303
1 658
-
-
withholding
281
363
-
-
total
281
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
693
655
896
862
After tax
1 257
1 295
1 054
1 088
Living cost
235
235
235
235
Free-cash
1 022
1 060
819
853

Estimated living cost  is £235 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1201
£1202
£1242
£1243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
673
pensions
-
-
-
11
health
-
-
-
8
total
-
-
-
692
Employee
22
-
1 938
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
5
-
income
4
-
672
-
total
7
-
681
-
Employer
22
-
1 938
-
health
2
-
5
-
unemployment
-
-
1
-
pensions
2
-
6
-
total
4
-
12
-
Corporate
1 923
1 950
-
-
income
423
429
-
-
total
423
429
-
-
Dividends
1 500
1 521
-
-
withholding
300
304
-
-
total
300
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
734
733
693
692
After tax
1 216
1 217
1 257
1 258
Living cost
15
15
15
15
Free-cash
1 201
1 202
1 242
1 243

Estimated living cost  is £15 per week

£9
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£4
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1219
£1260
£1110
£1112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
452
unemployment
-
-
-
9
pensions
-
-
-
164
health
-
-
-
65
total
-
-
-
690
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.

223
-
1 837
-
unemployment
2
-
5
-
health
11
-
33
-
pensions
31
-
88
-
income
31
-
452
-
total
75
-
578
-
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.

223
-
1 837
-
health
11
-
33
-
unemployment
2
-
5
-
pensions
27
-
76
-
total
40
-
114
-
Corporate
1 687
1 950
-
-
income
253
293
-
-
total
253
293
-
-
Dividends
1 434
1 657
-
-
withholding
215
249
-
-
total
215
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
583
542
692
690
After tax
1 367
1 408
1 258
1 260
Living cost
148
148
148
148
Free-cash
1 219
1 260
1 110
1 112

Estimated living cost  is £148 per week

£99
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.
£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
£875
£879
£632
£785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

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

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

-
-
-
678
income
-
-
-
256
total
-
-
-
934
Employee
332
-
1 576
-
social contributions
37
-
173
-
surtax
-
-
3
-
income
65
-
537
-
total
102
-
713
-
Employer
332
-
1 576
-
social contributions
79
-
374
-
total
79
-
374
-
Corporate
1 539
1 950
-
-
surtax
-
-
-
-
income
323
409
-
-
total
323
409
-
-
Dividends
1 216
1 541
-
-
withholding
340
431
-
-
total
340
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
844
840
1 087
934
After tax
1 106
1 110
863
1 016
Living cost
231
231
231
231
Free-cash
875
879
632
785

Estimated living cost  is £231 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Porto model

Close
Madrid , Spain
£939
£994
£753
£787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
other
-
-
-
1
income
-
-
-
623
unemployment
-
-
-
6
pensions
-
-
-
225
accident
-
-
-
7
total
-
-
-
862
Employee
413
-
1 697
-
other
-
-
1
-
unemployment
6
-
12
-
pensions
19
-
37
-
income
86
-
593
-
total
111
-
643
-
Employer
413
-
1 697
-
other
3
-
6
-
accident
8
-
16
-
unemployment
23
-
44
-
pensions
98
-
187
-
total
132
-
253
-
Corporate
1 405
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.

211
292
-
-
total
211
292
-
-
Dividends
1 194
1 658
-
-
withholding
256
363
-
-
total
256
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
710
655
896
862
After tax
1 240
1 295
1 054
1 088
Living cost
301
301
301
301
Free-cash
939
994
753
787

Estimated living cost  is £301 per week

£216
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.
£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 Madrid model

Close
Sofia , Bulgaria
£1469
£1520
£1512
£1431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
293
unemployment
-
-
-
1
pensions

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

-
-
-
44
health
-
-
-
34
total
-
-
-
372
Employee
195
-
1 891
-
health
9
-
14
-
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
-
26
-
income
20
-
189
-
total
48
-
232
-
Employer
195
-
1 891
-
health
13
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

21
-
33
-
total
37
-
59
-
Corporate
1 717
1 950
-
-
income
172
195
-
-
total
172
195
-
-
Dividends
1 545
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
334
283
291
372
After tax
1 616
1 667
1 659
1 578
Living cost
147
147
147
147
Free-cash
1 469
1 520
1 512
1 431

Estimated living cost  is £147 per week

£97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£783
£674
£873
£650
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
652
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.

-
-
-
58
total
-
-
-
969
Employee

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

426
-
1 950
-
health

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

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

58
-
58
-
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
-
income

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

35
-
652
-
total
95
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 524
1 950
-
-
surtax

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

13
16
-
-
trade
219
280
-
-
chamber of commerce
4
4
-
-
income
229
292
-
-
total
465
592
-
-
Dividends
1 061
1 357
-
-
surtax

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

14
18
-
-
withholding
262
336
-
-
total
276
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
836
946
746
969
After tax
1 114
1 004
1 204
981
Living cost
330
330
330
330
Free-cash
783
674
873
650

Estimated living cost  is £330 per week

£228
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£896
£877
£487
£487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
336
income
-
-
-
639
total
-
-
-
975
Employee
670
-
1 950
-
income
126
-
639
-
social contributions
56
-
336
-
total
182
-
975
-
Employer
670
-
1 950
-
total
-
-
-
-
Corporate
1 280
1 950
-
-
income
160
244
-
-
total
160
244
-
-
Dividends
1 120
1 706
-
-
withholding
224
341
-
-
total
224
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
566
585
975
975
After tax
1 384
1 365
975
975
Living cost
488
488
488
488
Free-cash
896
877
487
487

Estimated living cost  is £488 per week

£371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£942
£912
£1049
£1292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55
income
-
-
-
292
total
-
-
-
347
Employee
393
-
1 911
-
income
43
-
512
-
social contributions
39
-
39
-
total
82
-
551
-
Employer
393
-
1 911
-
social contributions
39
-
39
-
total
39
-
39
-
Corporate
1 518
1 950
-
-
income
531
682
-
-
total
531
682
-
-
Dividends
987
1 268
-
-
social contributions
45
45
-
-
total
45
45
-
-
Income
1 950
1 950
1 950
1 950
Total tax
697
727
590
347
After tax
1 253
1 223
1 360
1 603
Living cost
311
311
311
311
Free-cash
942
912
1 049
1 292

Estimated living cost  is £311 per week

£205
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-
health
8
-
32
-
pensions
45
-
218
-
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
£127
-£43
£874
£1131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
560
pensions
-
-
-
35
accident
-
-
-
2
health
-
-
-
18
total
-
-
-
618
Employee
315
-
1 784
-
health
36
-
204
-
pensions
36
-
64
-
income
43
-
440
-
total
115
-
708
-
Employer
315
-
1 784
-
accident
5
-
30
-
unemployment
8
-
44
-
pensions
51
-
93
-
total
64
-
167
-
Corporate
1 570
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.

1 413
1 755
-
-
total
1 413
1 755
-
-
Dividends
157
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 622
1 792
875
618
After tax
328
158
1 075
1 332
Living cost
201
201
201
201
Free-cash
127
-43
874
1 131

Estimated living cost  is £201 per week

£147
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.
£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 Warsaw model

Close
Skopje , Macedonia
£1351
£1377
£1319
£1132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
work injury
-
-
-
7
health insurance
-
-
-
101
income
-
-
-
328
unemployment
-
-
-
16
pensions
-
-
-
251
total
-
-
-
703
Employee

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

185
-
1 950
-
health insurance
14
-
51
-
unemployment
2
-
8
-
pensions
34
-
126
-
income
18
-
328
-
work injury
1
-
3
-
total
69
-
516
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 765
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%.

177
195
-
-
total
177
195
-
-
Dividends
1 589
1 755
-
-
withholding
238
263
-
-
total
238
263
-
-
Income
1 950
1 950
1 950
1 950
Total tax
484
458
516
703
After tax
1 466
1 492
1 434
1 247
Living cost
115
115
115
115
Free-cash
1 351
1 377
1 319
1 132

Estimated living cost  is £115 per week

£71
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£648
£686
£506
£576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
regional
-
-
-
48
social contributions
-
-
-
428
municipal
-
-
-
14
national
-
-
-
543
total
-
-
-
1 033
Employee
721
-
1 950
-
social contributions
243
-
562
-
national
122
-
486
-
regional
11
-
43
-
municipal
4
-
12
-
total
380
-
1 103
-
Employer
721
-
1 950
-
total
-
-
-
-
Corporate
1 229
1 950
-
-
municipal
59
94
-
-
nationa
295
468
-
-
total
354
562
-
-
Dividends
875
1 388
-
-
withholding
227
361
-
-
total
227
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
961
923
1 103
1 033
After tax
989
1 027
847
917
Living cost
341
341
341
341
Free-cash
648
686
506
576

Estimated living cost  is £341 per week

£240
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.
£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

Source of data for Rome model

Close
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Estimated living cost

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