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
£718
£941
£698
£815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
648
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
health

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

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

-
-
-
60
trade
-
-
-
243
total
-
-
-
987
Employee

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

334
-
1 950
-
surtax

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

1
-
36
-
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
-
648
-
health

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

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

60
-
60
-
total
70
-
744
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 616
1 950
-
-
income
242
293
-
-
surtax

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

13
16
-
-
chamber of commerce
4
4
-
-
trade
254
307
-
-
total
513
620
-
-
Dividends
1 102
1 330
-
-
surtax

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

15
18
-
-
withholding
272
329
-
-
total
287
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
870
967
744
987
After tax
1 080
983
1 206
963
Living cost
265
265
265
265
Free-cash
815
718
941
698

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£752
£665
£654
£744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
360
pensions
-
-
-
234
total
-
-
-
831
Employee
721
-
1 686
-
municipal
89
-
224
-
pensions
29
-
67
-
national
138
-
376
-
total
256
-
667
-
Employer
721
-
1 686
-
pensions
58
-
135
-
social contributions
8
-
18
-
total
66
-
153
-
Corporate
1 115
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%.

223
390
-
-
total
223
390
-
-
Dividends
892
1 560
-
-
withholding
196
343
-
-
total
196
343
-
-
Income
1 950
1 950
1 950
1 950
Total tax
741
733
820
831
After tax
1 209
1 217
1 130
1 119
Living cost
465
465
465
465
Free-cash
744
752
665
654

Estimated living cost  is £465 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1378
£665
£526
£1306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
410
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.

-
-
-
335
microenterprise
-
-
-
-
total
-
-
-
1 242
Employee
255
-
1 531
-
surtax
-
-
222
-
social contributions

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

28
-
115
-
income
45
-
347
-
total
73
-
684
-
Employer
255
-
1 531
-
social contributions

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

62
-
251
-
surtax
-
-
168
-
total
62
-
419
-
Corporate
1 633
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%.

327
390
-
-
total
327
390
-
-
Dividends

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

1 306
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
462
390
1 103
1 242
After tax
1 488
1 560
847
708
Living cost
182
182
182
182
Free-cash
1 306
1 378
665
526

Estimated living cost  is £182 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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£606
£882
£682
£552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
692
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
902
Employee
747
747
1 788
-
pensions
134
102
102
-
income

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

122
122
330
-
health
115
97
108
-
total
371
321
540
-
Employer
747
747
1 788
-
health
52
52
64
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
162
-
Corporate
1 082
1 073
-
-
income
216
215
-
-
total
216
215
-
-
Dividends
865
858
-
-
income
184
182
-
-
withholding
130
129
-
-
total
314
311
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 032
978
702
902
After tax
918
972
1 248
1 048
Living cost
366
366
366
366
Free-cash
552
606
882
682

Estimated living cost  is £366 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£716
£618
£626
£708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
2
other
-
-
-
89
unemployment
-
-
-
1
health
-
-
-
48
municipal
-
-
-
515
national
-
-
-
237
pensions
-
-
-
83
total
-
-
-
975
Employee
498
-
1 709
-
municipal
148
-
510
-
national
-
-
232
-
total
148
-
742
-
Employer
498
-
1 709
-
health
31
-
47
-
pensions
54
-
83
-
accident
1
-
2
-
unemployment
13
-
20
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 296
1 950
-
-
income
285
429
-
-
total
285
429
-
-
Dividends
1 011
1 521
-
-
withholding
303
456
-
-
total
303
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
893
885
983
975
After tax
1 057
1 065
967
975
Living cost
349
349
349
349
Free-cash
708
716
618
626

Estimated living cost  is £349 per week

£231
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£629
£863
£609
£753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
income

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

-
-
-
648
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
health

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

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

-
-
-
60
trade
-
-
-
254
total
-
-
-
998
Employee

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

443
-
1 950
-
surtax

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

2
-
36
-
income

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

38
-
648
-
health

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

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

60
-
60
-
total
100
-
744
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 507
1 950
-
-
income
226
293
-
-
surtax

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

12
16
-
-
chamber of commerce
3
4
-
-
trade
248
321
-
-
total
489
634
-
-
Dividends
1 017
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
251
326
-
-
total
265
344
-
-
Income
1 950
1 950
1 950
1 950
Total tax
854
978
744
998
After tax
1 096
972
1 206
952
Living cost
343
343
343
343
Free-cash
753
629
863
609

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1138
£1013
£1028
£1099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
447
social contributions
-
-
-
141
health
-
-
-
50
total
-
-
-
638
Employee
672
672
1 841
-
social contributions
33
56
75
-
income
71
62
438
-
health
7
11
31
-
total
111
129
544
-
Employer
672
672
1 841
-
health
7
12
34
-
social contributions
33
56
75
-
total
40
68
109
-
Corporate
1 517
1 209
-
-
income
190
151
-
-
total
190
151
-
-
Dividends
1 327
1 058
-
-
withholding
226
180
-
-
total
226
180
-
-
Income
1 950
1 950
1 950
1 950
Total tax
567
528
653
638
After tax
1 383
1 422
1 297
1 312
Living cost
284
284
284
284
Free-cash
1 099
1 138
1 013
1 028

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£937
£975
£1195
£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
income
-
-
-
238
unemployment
-
-
-
29
health
-
-
-
136
pensions
-
-
-
195
total
-
-
-
598
Employee

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

The minimum wage is 138,000 HUF per month.

227
90
1 632
-
unemployment
3
1
24
-
pensions
23
9
163
-
income
28
11
199
-
health
16
6
114
-
total
70
27
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.

227
90
1 632
-
pensions
44
18
318
-
total
44
18
318
-
Corporate
1 679
1 842
-
-
income
151
166
-
-
total
151
166
-
-
Dividends
1 528
1 676
-
-
social contributions
297
326
-
-
withholding
290
319
-
-
total
587
645
-
-
Income
1 950
1 950
1 950
1 950
Total tax
852
856
818
598
After tax
1 098
1 094
1 132
1 352
Living cost
157
157
157
157
Free-cash
941
937
975
1 195

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1349
£914
£835
£1294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
253
pensions
-
-
-
390
total
-
-
-
904
Employee
248
-
1 457
-
unemployment
4
-
23
-
pensions
5
-
29
-
income
28
-
281
-
total
37
-
333
-
Employer
248
-
1 457
-
health
32
-
189
-
pensions
50
-
291
-
unemployment
2
-
12
-
total
84
-
492
-
Corporate
1 618
1 950
-
-
income
324
390
-
-
total
324
390
-
-
Dividends
1 295
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
445
390
825
904
After tax
1 505
1 560
1 125
1 046
Living cost
211
211
211
211
Free-cash
1 294
1 349
914
835

Estimated living cost  is £211 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£37
£876
£1137
£128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
2
income
-
-
-
557
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
618
Employee
307
-
1 779
-
pensions
35
-
68
-
income
42
-
435
-
health
35
-
204
-
total
112
-
707
-
Employer
307
-
1 779
-
pensions
50
-
98
-
accident
5
-
30
-
unemployment
8
-
44
-
total
63
-
172
-
Corporate
1 580
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.

1 422
1 755
-
-
total
1 422
1 755
-
-
Dividends
158
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 627
1 792
879
618
After tax
323
158
1 071
1 332
Living cost
195
195
195
195
Free-cash
128
-37
876
1 137

Estimated living cost  is £195 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1783
£1490
£1861
£1769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 950
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
88
-
1 950
-
income
18
-
390
-
total
18
-
390
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 862
1 950
-
-
total
-
-
-
-
Dividends
1 862
1 950
-
-
withholding
93
97
-
-
total
93
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
111
97
390
19
After tax
1 839
1 853
1 560
1 931
Living cost
70
70
70
70
Free-cash
1 769
1 783
1 490
1 861

Estimated living cost  is £70 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1199
£920
£936
£1141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
other
-
-
-
63
health
-
-
-
59
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.

-
-
-
319
total
-
-
-
781
Employee
317
-
1 613
-
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.

22
-
93
-
income
55
-
335
-
health
4
-
19
-
total
84
-
460
-
Employer
317
-
1 613
-
health
4
-
19
-
pensions

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

54
-
226
-
accident
3
-
13
-
unemployment
3
-
13
-
other
16
-
66
-
total
80
-
337
-
Corporate
1 553
1 950
-
-
income
326
410
-
-
total
326
410
-
-
Dividends
1 227
1 540
-
-
withholding
86
108
-
-
total
86
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
576
518
797
781
After tax
1 374
1 432
1 153
1 169
Living cost
233
233
233
233
Free-cash
1 141
1 199
920
936

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
826
-
1 700
-
pensions
80
-
104
-
income
149
-
485
-
health
14
-
23
-
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
£1552
£1542
£1462
£1511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
292
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
373
Employee
152
-
1 890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
189
-
health
7
-
14
-
total
37
-
233
-
Employer
152
-
1 890
-
health
10
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
1 769
1 950
-
-
income
177
195
-
-
total
177
195
-
-
Dividends
1 592
1 755
-
-
withholding
80
88
-
-
total
80
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
324
283
293
373
After tax
1 626
1 667
1 657
1 577
Living cost
115
115
115
115
Free-cash
1 511
1 552
1 542
1 462

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£487
£763
£563
£509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
692
health
-
-
-
108
pensions
-
-
-
102
total
-
-
-
902
Employee
811
747
1 788
-
pensions
102
102
102
-
income

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

122
122
330
-
health
101
97
108
-
total
325
321
540
-
Employer
811
747
1 788
-
health
56
52
64
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
162
-
Corporate
998
1 073
-
-
income
200
215
-
-
total
200
215
-
-
Dividends
798
858
-
-
income
170
182
-
-
withholding
120
129
-
-
total
290
311
-
-
Income
1 950
1 950
1 950
1 950
Total tax
956
978
702
902
After tax
994
972
1 248
1 048
Living cost
485
485
485
485
Free-cash
509
487
763
563

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1128
£850
£934
£1052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
207
social contributions
-
-
-
309
solidarity contribution
-
-
-
23
health
-
-
-
263
total
-
-
-
802
Employee
315
-
1 547
-
solidarity contribution
-
-
15
-
social contributions
20
-
69
-
income
38
-
190
-
health
43
-
209
-
total
101
-
483
-
Employer
315
-
1 547
-
health
28
-
139
-
social contributions
79
-
264
-
total
107
-
403
-
Corporate
1 527
1 950
-
-
income
290
371
-
-
total
290
371
-
-
Dividends
1 237
1 579
-
-
withholding
186
237
-
-
total
186
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
684
608
886
802
After tax
1 266
1 342
1 064
1 148
Living cost
214
214
214
214
Free-cash
1 052
1 128
850
934

Estimated living cost  is £214 per week

£149
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
£671
£495
£569
£625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
438
regional
-
-
-
25
municipal
-
-
-
12
national
-
-
-
537
total
-
-
-
1 012
Employee
777
-
1 950
-
municipal
4
-
11
-
national
135
-
479
-
regional
7
-
22
-
social contributions
262
-
574
-
total
408
-
1 086
-
Employer
777
-
1 950
-
total
-
-
-
-
Corporate
1 173
1 950
-
-
municipal
46
76
-
-
nationa
282
468
-
-
total
328
544
-
-
Dividends
846
1 406
-
-
withholding
220
366
-
-
total
220
366
-
-
Income
1 950
1 950
1 950
1 950
Total tax
956
910
1 086
1 012
After tax
994
1 040
864
938
Living cost
369
369
369
369
Free-cash
625
671
495
569

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1034
£671
£724
£1007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
612
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
1 033
Employee
289
-
1 704
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
92
-
income
48
-
559
-
health
7
-
30
-
total
95
-
840
-
Employer
289
-
1 704
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 600
1 950
-
-
income
416
507
-
-
total
416
507
-
-
Dividends
1 184
1 443
-
-
withholding
178
216
-
-
total
178
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
750
723
1 086
1 033
After tax
1 200
1 227
864
917
Living cost
193
193
193
193
Free-cash
1 007
1 034
671
724

Estimated living cost  is £193 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
554
-
1 700
-
pensions
47
-
104
-
income
100
-
485
-
health
8
-
23
-
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
£202
£788
£861
£496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4
city
-
-
-
21
national
-
-
-
48
pensions
-
-
-
179
total
-
-
-
399
Employee
808
-
1 753
-
unemployment
-
-
-
-
pensions
68
-
138
-
national
4
-
39
-
regional
26
-
95
-
city
9
-
19
-
health
2
-
4
-
total
109
-
295
-
Employer
808
-
1 753
-
health
2
-
4
-
pensions
68
-
138
-
unemployment
-
-
-
-
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
-
total
86
-
177
-
Corporate
1 048
1 950
-
-
regional
222
412
-
-
national
89
166
-
-
total
311
578
-
-
Dividends
737
1 372
-
-
withholding
258
480
-
-
total
258
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
764
1 058
472
399
After tax
1 186
892
1 478
1 551
Living cost
690
690
690
690
Free-cash
496
202
788
861

Estimated living cost  is £690 per week

£449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
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.
£171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£562
£805
£540
£703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
648
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
health

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

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

-
-
-
60
trade
-
-
-
265
total
-
-
-
1 009
Employee

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

525
-
1 950
-
surtax

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

3
-
36
-
income

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

62
-
648
-
health

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

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

60
-
60
-
total
125
-
744
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 425
1 950
-
-
income
214
293
-
-
surtax

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

12
16
-
-
chamber of commerce
3
4
-
-
trade
244
334
-
-
total
473
647
-
-
Dividends
951
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
235
322
-
-
total
248
340
-
-
Income
1 950
1 950
1 950
1 950
Total tax
846
987
744
1 009
After tax
1 104
963
1 206
941
Living cost
401
401
401
401
Free-cash
703
562
805
540

Estimated living cost  is £401 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£684
£715
£769
£736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
362
other
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
health
-
-
-
95
pensions
-
-
-
309
total
-
-
-
882
Employee
374
-
1 488
-
pensions
42
-
112
-
surtax
-
-
-
-
social contributions
11
-
42
-
income
22
-
321
-
total
75
-
475
-
Employer
374
-
1 488
-
health
26
-
148
-
pensions
61
-
187
-
unemployment
15
-
60
-
social contributions
1
-
4
-
other
13
-
62
-
total
116
-
461
-
Corporate
1 459
1 950
-
-
income
409
546
-
-
surtax
-
-
-
-
total
409
546
-
-
Dividends
1 050
1 404
-
-
surtax
-
-
-
-
social contributions
181
241
-
-
withholding
134
180
-
-
total
315
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
915
967
936
882
After tax
1 035
983
1 014
1 068
Living cost
299
299
299
299
Free-cash
736
684
715
769

Estimated living cost  is £299 per week

£189
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£714
£745
£799
£762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
362
other
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
health
-
-
-
95
pensions
-
-
-
309
total
-
-
-
882
Employee
334
-
1 488
-
pensions
38
-
112
-
surtax
-
-
-
-
social contributions
10
-
42
-
income
17
-
321
-
total
65
-
475
-
Employer
334
-
1 488
-
health
23
-
148
-
pensions
55
-
187
-
unemployment
14
-
60
-
social contributions
1
-
4
-
other
12
-
62
-
total
105
-
461
-
Corporate
1 512
1 950
-
-
income
423
546
-
-
surtax
-
-
-
-
total
423
546
-
-
Dividends
1 088
1 404
-
-
surtax
-
-
-
-
social contributions
187
241
-
-
withholding
139
180
-
-
total
326
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
919
967
936
882
After tax
1 031
983
1 014
1 068
Living cost
269
269
269
269
Free-cash
762
714
745
799

Estimated living cost  is £269 per week

£156
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1004
£1015
£1067
£1008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
269
health
-
-
-
136
total
-
-
-
698
Employee
296
-
1 950
-
social contributions
41
-
269
-
income
49
-
345
-
health
21
-
136
-
total
111
-
750
-
Employer
296
-
1 950
-
total
-
-
-
-
Corporate
1 654
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
1 571
1 852
-
-
social contributions
217
256
-
-
withholding
236
278
-
-
health
110
129
-
-
total
563
663
-
-
Income
1 950
1 950
1 950
1 950
Total tax
757
761
750
698
After tax
1 193
1 189
1 200
1 252
Living cost
185
185
185
185
Free-cash
1 008
1 004
1 015
1 067

Estimated living cost  is £185 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£768
£202
£690
£752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
621
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
952
Employee
437
348
1 611
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
520
-
health
17
13
40
-
total
129
88
706
-
Employer
437
348
1 611
-
chamber of commerce
2
1
6
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
48
-
other
21
17
72
-
total
129
102
339
-
Corporate
1 386
1 500
1 578
-
income

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

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

346
375
395
-
total
346
375
395
-
Dividends
1 039
1 125
-
-
withholding
286
309
-
-
total
286
309
-
-
Income
1 950
1 950
1 950
1 950
Total tax
890
874
1 440
952
After tax
1 060
1 076
510
998
Living cost
308
308
308
308
Free-cash
752
768
202
690

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£753
£344
£529
£640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
104
social contributions
-
-
-
218
national
-
-
-
780
total
-
-
-
1 102
Employee

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

625
-
1 510
-
unemployment

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

5
-
13
-
communal

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

33
-
79
-
pensions

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

47
-
113
-
national
192
-
571
-
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
-
total
306
-
847
-
Employer

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

625
-
1 510
-
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
-
pensions

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

55
-
134
-
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
-
surtax
71
-
171
-
total
181
-
440
-
Corporate
1 143
1 950
-
-
income
229
416
-
-
surtax
5
8
-
-
total
234
424
-
-
Dividends
910
1 525
-
-
withholding

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

270
454
-
-
total
270
454
-
-
Income
1 950
1 950
1 950
1 950
Total tax
991
878
1 287
1 102
After tax
959
1 072
663
848
Living cost
319
319
319
319
Free-cash
640
753
344
529

Estimated living cost  is £319 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£978
£737
£774
£920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
7
income
-
-
-
617
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
860
Employee
435
-
1 692
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
92
-
587
-
total
119
-
639
-
Employer
435
-
1 692
-
pensions
103
-
191
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
6
-
total
139
-
258
-
Corporate
1 376
1 950
-
-
income

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

206
293
-
-
total
206
293
-
-
Dividends
1 170
1 657
-
-
withholding
250
363
-
-
total
250
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
714
656
897
860
After tax
1 236
1 294
1 053
1 090
Living cost
316
316
316
316
Free-cash
920
978
737
774

Estimated living cost  is £316 per week

£233
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.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£630
£521
£444
£510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
123
accident
-
-
-
16
income
-
-
-
366
surtax
-
-
-
97
health
-
-
-
137
pensions
-
-
-
292
total
-
-
-
1 031
Employee
662
-
1 742
-
pensions
53
-
139
-
surtax
41
-
107
-
income
64
-
422
-
health
29
-
78
-
total
187
-
746
-
Employer
662
-
1 742
-
health
20
-
53
-
pensions
53
-
139
-
accident
6
-
16
-
total
79
-
208
-
Corporate
1 209
1 950
-
-
communal
82
132
-
-
income
181
293
-
-
surtax
13
20
-
-
total
276
445
-
-
Dividends
933
1 505
-
-
income
283
174
-
-
withholding
140
226
-
-
total
423
400
-
-
Income
1 950
1 950
1 950
1 950
Total tax
965
845
954
1 031
After tax
985
1 105
996
919
Living cost
475
475
475
475
Free-cash
510
630
521
444

Estimated living cost  is £475 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1031
£668
£721
£1005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
612
other
-
-
-
-
surtax
-
-
-
103
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
233
total
-
-
-
1 033
Employee
294
-
1 704
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
20
-
78
-
surtax
1
-
92
-
income
49
-
559
-
health
7
-
30
-
total
97
-
840
-
Employer
294
-
1 704
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 594
1 950
-
-
income
414
507
-
-
total
414
507
-
-
Dividends
1 179
1 443
-
-
withholding
177
216
-
-
total
177
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
749
723
1 086
1 033
After tax
1 201
1 227
864
917
Living cost
196
196
196
196
Free-cash
1 005
1 031
668
721

Estimated living cost  is £196 per week

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

Source of data for Athens model

Close
Naples , Italy
£789
£622
£696
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
438
regional
-
-
-
31
municipal
-
-
-
12
national
-
-
-
537
total
-
-
-
1 018
Employee
485
-
1 950
-
municipal
3
-
11
-
national
77
-
479
-
regional
7
-
28
-
social contributions
164
-
574
-
total
251
-
1 092
-
Employer
485
-
1 950
-
total
-
-
-
-
Corporate
1 465
1 950
-
-
municipal
73
97
-
-
nationa
352
468
-
-
total
425
565
-
-
Dividends
1 041
1 385
-
-
withholding
271
360
-
-
total
271
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
947
925
1 092
1 018
After tax
1 003
1 025
858
932
Living cost
236
236
236
236
Free-cash
767
789
622
696

Estimated living cost  is £236 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1078
£800
£884
£984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
207
social contributions
-
-
-
309
solidarity contribution
-
-
-
23
health
-
-
-
263
total
-
-
-
802
Employee
389
-
1 547
-
solidarity contribution
-
-
15
-
social contributions
25
-
69
-
income
47
-
190
-
health
52
-
209
-
total
124
-
483
-
Employer
389
-
1 547
-
health
35
-
139
-
social contributions
97
-
264
-
total
132
-
403
-
Corporate
1 429
1 950
-
-
income
272
371
-
-
total
272
371
-
-
Dividends
1 158
1 579
-
-
withholding
174
237
-
-
total
174
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
702
608
886
802
After tax
1 248
1 342
1 064
1 148
Living cost
264
264
264
264
Free-cash
984
1 078
800
884

Estimated living cost  is £264 per week

£197
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£798
£232
£721
£794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
621
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
950
Employee
382
348
1 613
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
521
-
health
15
13
40
-
total
103
88
707
-
Employer
382
348
1 613
-
chamber of commerce
2
1
6
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
48
-
other
18
17
72
-
total
109
100
337
-
Corporate
1 458
1 501
1 580
-
income

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

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

364
375
395
-
total
364
375
395
-
Dividends
1 093
1 126
-
-
withholding
301
310
-
-
total
301
310
-
-
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
279
279
279
279
Free-cash
794
798
232
721

Estimated living cost  is £279 per week

£167
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1743
£1450
£1821
£1722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 950
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
137
-
1 950
-
income
27
-
390
-
total
27
-
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%.

1 813
1 950
-
-
total
-
-
-
-
Dividends
1 813
1 950
-
-
withholding
91
97
-
-
total
91
97
-
-
Income
1 950
1 950
1 950
1 950
Total tax
118
97
390
19
After tax
1 832
1 853
1 560
1 931
Living cost
110
110
110
110
Free-cash
1 722
1 743
1 450
1 821

Estimated living cost  is £110 per week

£74
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.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1108
£630
£672
£1033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
492
unemployment
-
-
-
3
health
-
-
-
192
pensions
-
-
-
356
total
-
-
-
1 043
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.

387
-
1 687
-
unemployment
1
-
2
-
pensions
60
-
262
-
income
67
-
450
-
health
25
-
109
-
total
153
-
823
-
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.

387
-
1 687
-
health
26
-
112
-
pensions
34
-
149
-
unemployment
-
-
1
-
total
60
-
262
-
Corporate
1 503
1 950
-
-
income
286
370
-
-
total
286
370
-
-
Dividends
1 218
1 580
-
-
withholding
183
237
-
-
total
183
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
682
607
1 085
1 043
After tax
1 268
1 343
865
907
Living cost
234
234
234
234
Free-cash
1 033
1 108
630
672

Estimated living cost  is £234 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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£812
£1462
£974
£399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
380
social contributions
-
-
-
222
total
-
-
-
602
Employee
537
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
537
-
-
-
social contributions
757
-
108
-
total
757
-
108
-
Corporate
657
1 950
-
-
income
145
429
-
-
total
145
429
-
-
Dividends
512
1 521
-
-
income
113
335
-
-
total
113
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 177
764
114
602
After tax
773
1 186
1 836
1 348
Living cost
374
374
374
374
Free-cash
399
812
1 462
974

Estimated living cost  is £374 per week

£243
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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£835
£593
£744
£827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
254
surtax
-
-
-
-
social contributions

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

-
-
-
678
total
-
-
-
932
Employee
402
-
1 576
-
surtax
-
-
2
-
social contributions
44
-
173
-
income
84
-
534
-
total
128
-
709
-
Employer
402
-
1 576
-
social contributions
95
-
374
-
total
95
-
374
-
Corporate
1 452
1 950
-
-
income
305
410
-
-
surtax
-
-
-
-
total
305
410
-
-
Dividends
1 147
1 540
-
-
withholding
321
431
-
-
total
321
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
849
841
1 083
932
After tax
1 101
1 109
867
1 018
Living cost
274
274
274
274
Free-cash
827
835
593
744

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£561
£592
£646
£621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
362
other
-
-
-
60
surtax
-
-
-
-
social contributions
-
-
-
56
health
-
-
-
95
pensions
-
-
-
309
total
-
-
-
882
Employee
548
-
1 488
-
pensions
62
-
112
-
surtax
-
-
-
-
social contributions
16
-
42
-
income
48
-
321
-
total
126
-
475
-
Employer
548
-
1 488
-
health
38
-
148
-
pensions
90
-
187
-
unemployment
22
-
60
-
social contributions
2
-
4
-
other
19
-
62
-
total
171
-
461
-
Corporate
1 231
1 950
-
-
income
345
546
-
-
surtax
-
-
-
-
total
345
546
-
-
Dividends
887
1 404
-
-
surtax
-
-
-
-
social contributions
152
241
-
-
withholding
113
180
-
-
total
265
421
-
-
Income
1 950
1 950
1 950
1 950
Total tax
907
967
936
882
After tax
1 043
983
1 014
1 068
Living cost
422
422
422
422
Free-cash
621
561
592
646

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1492
£1210
£1159
£1462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
99
social contributions
-
-
-
429
total
-
-
-
528
Employee
281
-
1 688
-
income
-
-
105
-
social contributions
18
-
110
-
total
18
-
215
-
Employer
281
-
1 688
-
social contributions
44
-
262
-
total
44
-
262
-
Corporate
1 625
1 950
-
-
income
163
195
-
-
total
163
195
-
-
Dividends
1 463
1 755
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
225
195
477
528
After tax
1 725
1 755
1 473
1 422
Living cost
263
263
263
263
Free-cash
1 462
1 492
1 210
1 159

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£46
£46
£706
£26
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
national
-
-
-
242
pensions
-
-
-
8
total
-
-
-
823
Employee
1 777
1 777
1 777
-
municipal
378
378
378
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
45
-
-
-
income
10
-
-
-
total
10
-
-
-
Dividends
35
-
-
-
withholding
10
-
-
-
total
10
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 503
1 483
1 483
823
After tax
447
467
467
1 127
Living cost
421
421
421
421
Free-cash
26
46
46
706

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£34
£879
£1140
£129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
2
income
-
-
-
557
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
618
Employee
303
-
1 779
-
pensions
34
-
68
-
income
42
-
435
-
health
35
-
204
-
total
111
-
707
-
Employer
303
-
1 779
-
pensions
49
-
98
-
accident
5
-
30
-
unemployment
7
-
44
-
total
61
-
172
-
Corporate
1 586
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.

1 427
1 755
-
-
total
1 427
1 755
-
-
Dividends
159
195
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 629
1 792
879
618
After tax
321
158
1 071
1 332
Living cost
192
192
192
192
Free-cash
129
-34
879
1 140

Estimated living cost  is £192 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£860
£636
£863
£887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 950
health
-
-
-
26
municipal
-
-
-
346
national
-
-
-
379
total
-
-
-
751
Employee
460
-
1 640
-
municipal
75
-
267
-
unemployment
7
-
25
-
pensions
31
-
111
-
national
8
-
242
-
health
3
-
22
-
total
124
-
667
-
Employer
460
-
1 640
-
health
4
-
13
-
pensions
80
-
285
-
accident
-
-
2
-
unemployment
3
-
11
-
total
87
-
311
-
Corporate
1 403
1 950
-
-
income
281
390
-
-
total
281
390
-
-
Dividends

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

842
1 170
-
-
municipal
152
211
-
-
national
83
153
-
-
total
235
364
-
-
Income
1 950
1 950
1 950
1 950
Total tax
727
754
978
751
After tax
1 223
1 196
972
1 199
Living cost
336
336
336
336
Free-cash
887
860
636
863

Estimated living cost  is £336 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1220
£1095
£1110
£1172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
447
social contributions
-
-
-
141
health
-
-
-
50
total
-
-
-
638
Employee
672
672
1 841
-
social contributions
25
56
75
-
income
73
62
438
-
health
5
11
31
-
total
103
129
544
-
Employer
672
672
1 841
-
health
6
12
34
-
social contributions
25
56
75
-
total
31
68
109
-
Corporate
1 613
1 209
-
-
income
202
151
-
-
total
202
151
-
-
Dividends
1 411
1 058
-
-
withholding
240
180
-
-
total
240
180
-
-
Income
1 950
1 950
1 950
1 950
Total tax
576
528
653
638
After tax
1 374
1 422
1 297
1 312
Living cost
202
202
202
202
Free-cash
1 172
1 220
1 095
1 110

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1475
£1346
£1521
£1430
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

201
-
1 865
-
unemployment
1
-
4
-
pensions
30
-
124
-
income
14
-
180
-
health
17
-
71
-
total
62
-
379
-
Employer

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

201
-
1 865
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 729
1 950
-
-
income
156
176
-
-
total
156
176
-
-
Dividends
1 573
1 774
-
-
withholding
142
160
-
-
total
142
160
-
-
Income
1 950
1 950
1 950
1 950
Total tax
381
336
465
290
After tax
1 569
1 614
1 485
1 660
Living cost
139
139
139
139
Free-cash
1 430
1 475
1 346
1 521

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1054
£813
£850
£1017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
7
income
-
-
-
617
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
860
Employee
323
-
1 692
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
587
-
total
82
-
639
-
Employer
323
-
1 692
-
pensions
76
-
191
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
6
-
total
103
-
258
-
Corporate
1 524
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.

229
293
-
-
total
229
293
-
-
Dividends
1 295
1 657
-
-
withholding
279
363
-
-
total
279
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
693
656
897
860
After tax
1 257
1 294
1 053
1 090
Living cost
240
240
240
240
Free-cash
1 017
1 054
813
850

Estimated living cost  is £240 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1199
£1238
£1239
£1196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
671
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
693
Employee
27
-
1 936
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
670
-
health
1
-
3
-
total
8
-
680
-
Employer
27
-
1 936
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 917
1 950
-
-
income
422
429
-
-
total
422
429
-
-
Dividends
1 495
1 521
-
-
withholding
299
304
-
-
total
299
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
736
733
694
693
After tax
1 214
1 217
1 256
1 257
Living cost
18
18
18
18
Free-cash
1 196
1 199
1 238
1 239

Estimated living cost  is £18 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1258
£1104
£1103
£1215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
451
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
total
-
-
-
696
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.

228
-
1 834
-
unemployment
2
-
5
-
pensions
32
-
90
-
income
31
-
451
-
health
12
-
33
-
total
77
-
579
-
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.

228
-
1 834
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 681
1 950
-
-
income
252
292
-
-
total
252
292
-
-
Dividends
1 429
1 658
-
-
withholding
214
249
-
-
total
214
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
584
541
695
696
After tax
1 366
1 409
1 255
1 254
Living cost
151
151
151
151
Free-cash
1 215
1 258
1 104
1 103

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£873
£631
£782
£871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
income
-
-
-
254
surtax
-
-
-
-
social contributions

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

-
-
-
678
total
-
-
-
932
Employee
339
-
1 576
-
surtax
-
-
2
-
social contributions
37
-
173
-
income
66
-
534
-
total
103
-
709
-
Employer
339
-
1 576
-
social contributions
81
-
374
-
total
81
-
374
-
Corporate
1 530
1 950
-
-
income
321
410
-
-
surtax
-
-
-
-
total
321
410
-
-
Dividends
1 209
1 540
-
-
withholding
338
431
-
-
total
338
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
843
841
1 083
932
After tax
1 107
1 109
867
1 018
Living cost
236
236
236
236
Free-cash
871
873
631
782

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£987
£746
£783
£931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
7
income
-
-
-
617
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
229
total
-
-
-
860
Employee
422
-
1 692
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
587
-
total
115
-
639
-
Employer
422
-
1 692
-
pensions
100
-
191
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
6
-
total
134
-
258
-
Corporate
1 393
1 950
-
-
income

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

209
293
-
-
total
209
293
-
-
Dividends
1 184
1 657
-
-
withholding
254
363
-
-
total
254
363
-
-
Income
1 950
1 950
1 950
1 950
Total tax
712
656
897
860
After tax
1 238
1 294
1 053
1 090
Living cost
307
307
307
307
Free-cash
931
987
746
783

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1517
£1507
£1427
£1465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
292
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
373
Employee
199
-
1 890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
189
-
health
9
-
14
-
total
48
-
233
-
Employer
199
-
1 890
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 712
1 950
-
-
income
171
195
-
-
total
171
195
-
-
Dividends
1 541
1 755
-
-
withholding
77
88
-
-
total
77
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
335
283
293
373
After tax
1 615
1 667
1 657
1 577
Living cost
150
150
150
150
Free-cash
1 465
1 517
1 507
1 427

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£665
£868
£647
£780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 950
income

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

-
-
-
648
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
health

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

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

-
-
-
60
trade
-
-
-
221
total
-
-
-
965
Employee

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

435
-
1 950
-
surtax

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

2
-
36
-
income

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

36
-
648
-
health

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

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

60
-
60
-
total
98
-
744
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 515
1 950
-
-
income
227
293
-
-
surtax

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

12
16
-
-
chamber of commerce
4
4
-
-
trade
217
280
-
-
total
460
593
-
-
Dividends
1 054
1 357
-
-
surtax

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

14
18
-
-
withholding
260
336
-
-
total
274
354
-
-
Income
1 950
1 950
1 950
1 950
Total tax
832
947
744
965
After tax
1 118
1 003
1 206
985
Living cost
338
338
338
338
Free-cash
780
665
868
647

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£867
£482
£482
£886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
635
social contributions
-
-
-
335
total
-
-
-
970
Employee
684
-
1 950
-
income
129
-
635
-
social contributions
57
-
335
-
total
186
-
970
-
Employer
684
-
1 950
-
total
-
-
-
-
Corporate
1 266
1 950
-
-
income
158
244
-
-
total
158
244
-
-
Dividends
1 108
1 706
-
-
withholding
222
341
-
-
total
222
341
-
-
Income
1 950
1 950
1 950
1 950
Total tax
566
585
970
970
After tax
1 384
1 365
980
980
Living cost
498
498
498
498
Free-cash
886
867
482
482

Estimated living cost  is £498 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£904
£1045
£1287
£935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 950
income
-
-
-
293
health

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

-
-
-
53
total
-
-
-
346
Employee
401
-
1 910
-
income
44
-
508
-
social contributions
40
-
40
-
total
84
-
548
-
Employer
401
-
1 910
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 509
1 950
-
-
income
528
683
-
-
total
528
683
-
-
Dividends
981
1 267
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 950
1 950
1 950
1 950
Total tax
698
729
588
346
After tax
1 252
1 221
1 362
1 604
Living cost
317
317
317
317
Free-cash
935
904
1 045
1 287

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
601
pensions
-
-
-
87
total
-
-
-
688
Employee
445
-
1 700
-
pensions
34
-
104
-
income
81
-
485
-
health
6
-
23
-
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
-£53
£860
£1121
£126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
accident
-
-
-
2
income
-
-
-
557
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
618
Employee
333
-
1 779
-
pensions
37
-
68
-
income
46
-
435
-
health
38
-
204
-
total
121
-
707
-
Employer
333
-
1 779
-
pensions
54
-
98
-
accident
6
-
30
-
unemployment
8
-
44
-
total
68
-
172
-
Corporate
1 550
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.

1 395
1 755
-
-
total
1 395
1 755
-
-
Dividends
155
195
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 613
1 792
879
618
After tax
337
158
1 071
1 332
Living cost
211
211
211
211
Free-cash
126
-53
860
1 121

Estimated living cost  is £211 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1374
£1312
£1120
£1347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 950
income
-
-
-
328
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
103
pensions
-
-
-
257
total
-
-
-
712
Employee

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

189
-
1 950
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
3
-
pensions
35
-
129
-
income
19
-
328
-
total
71
-
520
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 761
1 950
-
-
income

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

176
195
-
-
total
176
195
-
-
Dividends
1 585
1 755
-
-
withholding
238
263
-
-
total
238
263
-
-
Income
1 950
1 950
1 950
1 950
Total tax
485
458
520
712
After tax
1 465
1 492
1 430
1 238
Living cost
118
118
118
118
Free-cash
1 347
1 374
1 312
1 120

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£679
£494
£566
£641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
social contributions
-
-
-
438
regional
-
-
-
47
municipal
-
-
-
14
national
-
-
-
537
total
-
-
-
1 036
Employee
737
-
1 950
-
municipal
4
-
12
-
national
124
-
479
-
regional
11
-
43
-
social contributions
248
-
574
-
total
387
-
1 108
-
Employer
737
-
1 950
-
total
-
-
-
-
Corporate
1 213
1 950
-
-
municipal
58
94
-
-
nationa
291
468
-
-
total
349
562
-
-
Dividends
864
1 388
-
-
withholding
225
361
-
-
total
225
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
961
923
1 108
1 036
After tax
989
1 027
842
914
Living cost
348
348
348
348
Free-cash
641
679
494
566

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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