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
£ 2000
per

Your estimated
City
free-cash

Dresden , Germany
£741
£969
£718
£839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
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.

-
-
-
668
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.

-
-
-
37
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
-
-
-
251
total
-
-
-
1 016
Employee

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

336
-
2 000
-
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
-
37
-
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
-
668
-
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
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 664
2 000
-
-
income
250
300
-
-
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
17
-
-
chamber of commerce
4
4
-
-
trade
262
315
-
-
total
530
636
-
-
Dividends
1 135
1 364
-
-
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
19
-
-
withholding
280
338
-
-
total
295
357
-
-
Income
2 000
2 000
2 000
2 000
Total tax
895
993
765
1 016
After tax
1 105
1 007
1 235
984
Living cost
266
266
266
266
Free-cash
839
741
969
718

Estimated living cost  is £266 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£781
£688
£678
£773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
21
municipal
-
-
-
222
national
-
-
-
372
pensions
-
-
-
240
total
-
-
-
855
Employee
723
-
1 729
-
municipal
89
-
230
-
pensions
29
-
69
-
national
138
-
389
-
total
256
-
688
-
Employer
723
-
1 729
-
pensions
58
-
138
-
social contributions
8
-
19
-
total
66
-
157
-
Corporate
1 163
2 000
-
-
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%.

233
400
-
-
total
233
400
-
-
Dividends
931
1 600
-
-
withholding
205
352
-
-
total
205
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
760
752
845
855
After tax
1 240
1 248
1 155
1 145
Living cost
467
467
467
467
Free-cash
773
781
688
678

Estimated living cost  is £467 per week

£317
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
£1417
£689
£546
£1345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
424
surtax
-
-
-
510
social contributions

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

-
-
-
337
microenterprise
-
-
-
-
total
-
-
-
1 271
Employee
257
-
1 575
-
surtax
-
-
228
-
social contributions

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

28
-
115
-
income
46
-
360
-
total
74
-
703
-
Employer
257
-
1 575
-
social contributions

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

62
-
252
-
surtax
-
-
173
-
total
62
-
425
-
Corporate
1 681
2 000
-
-
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%.

336
400
-
-
total
336
400
-
-
Dividends

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

1 345
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
472
400
1 128
1 271
After tax
1 528
1 600
872
729
Living cost
183
183
183
183
Free-cash
1 345
1 417
689
546

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£629
£911
£705
£575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
716
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
927
Employee
750
750
1 837
-
pensions
135
103
103
-
income

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

123
123
346
-
health
115
98
108
-
total
373
324
557
-
Employer
750
750
1 837
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
1 128
1 118
-
-
income
226
224
-
-
total
226
224
-
-
Dividends
902
895
-
-
income
192
190
-
-
withholding
135
134
-
-
total
327
324
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 057
1 003
721
927
After tax
943
997
1 279
1 073
Living cost
368
368
368
368
Free-cash
575
629
911
705

Estimated living cost  is £368 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£732
£632
£641
£723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
528
national
-
-
-
242
pensions
-
-
-
85
total
-
-
-
999
Employee
513
-
1 752
-
municipal
153
-
522
-
national
-
-
237
-
total
153
-
759
-
Employer
513
-
1 752
-
health
32
-
49
-
pensions
55
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
162
-
249
-
Corporate
1 326
2 000
-
-
income
292
440
-
-
total
292
440
-
-
Dividends
1 034
1 560
-
-
withholding
310
468
-
-
total
310
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
917
908
1 008
999
After tax
1 083
1 092
992
1 001
Living cost
360
360
360
360
Free-cash
723
732
632
641

Estimated living cost  is £360 per week

£239
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.
£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 Stockholm model

Close
Hamburg , Germany
£653
£890
£628
£776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
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.

-
-
-
668
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.

-
-
-
37
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
-
-
-
262
total
-
-
-
1 027
Employee

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

446
-
2 000
-
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
-
37
-
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
-
668
-
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
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 554
2 000
-
-
income
233
300
-
-
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
17
-
-
chamber of commerce
4
4
-
-
trade
256
329
-
-
total
506
650
-
-
Dividends
1 049
1 350
-
-
surtax

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

14
18
-
-
withholding
259
334
-
-
total
273
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
879
1 002
765
1 027
After tax
1 121
998
1 235
973
Living cost
345
345
345
345
Free-cash
776
653
890
628

Estimated living cost  is £345 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1172
£1042
£1059
£1135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
463
social contributions
-
-
-
142
health
-
-
-
51
total
-
-
-
656
Employee
676
676
1 889
-
social contributions
33
56
76
-
income
71
63
454
-
health
7
11
32
-
total
111
130
562
-
Employer
676
676
1 889
-
health
7
13
35
-
social contributions
33
56
76
-
total
40
69
111
-
Corporate
1 564
1 256
-
-
income
196
157
-
-
total
196
157
-
-
Dividends
1 369
1 099
-
-
withholding
233
187
-
-
total
233
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
543
673
656
After tax
1 420
1 457
1 327
1 344
Living cost
285
285
285
285
Free-cash
1 135
1 172
1 042
1 059

Estimated living cost  is £285 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£963
£999
£1224
£966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
245
unemployment
-
-
-
30
health
-
-
-
140
pensions
-
-
-
200
total
-
-
-
615
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.

233
93
1 674
-
unemployment
3
1
25
-
pensions
23
9
167
-
income
28
11
205
-
health
16
6
117
-
total
70
27
514
-
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.

233
93
1 674
-
pensions
45
18
326
-
total
45
18
326
-
Corporate
1 722
1 889
-
-
income
155
170
-
-
total
155
170
-
-
Dividends
1 567
1 719
-
-
social contributions
305
334
-
-
withholding
298
327
-
-
total
603
661
-
-
Income
2 000
2 000
2 000
2 000
Total tax
873
876
840
615
After tax
1 127
1 124
1 160
1 385
Living cost
161
161
161
161
Free-cash
966
963
999
1 224

Estimated living cost  is £161 per week

£110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1388
£941
£860
£1334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
268
health
-
-
-
260
pensions
-
-
-
400
total
-
-
-
928
Employee
249
-
1 495
-
unemployment
4
-
24
-
pensions
5
-
30
-
income
28
-
288
-
total
37
-
342
-
Employer
249
-
1 495
-
health
32
-
194
-
pensions
50
-
299
-
unemployment
2
-
12
-
total
84
-
505
-
Corporate
1 667
2 000
-
-
income
333
400
-
-
total
333
400
-
-
Dividends
1 333
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
454
400
847
928
After tax
1 546
1 600
1 153
1 072
Living cost
212
212
212
212
Free-cash
1 334
1 388
941
860

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£34
£905
£1171
£131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
572
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
633
Employee
308
-
1 827
-
pensions
35
-
68
-
income
42
-
448
-
health
35
-
209
-
total
112
-
725
-
Employer
308
-
1 827
-
pensions
50
-
98
-
accident
5
-
31
-
unemployment
8
-
45
-
total
63
-
174
-
Corporate
1 629
2 000
-
-
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.

1 467
1 800
-
-
total
1 467
1 800
-
-
Dividends
163
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 673
1 838
899
633
After tax
327
162
1 101
1 367
Living cost
196
196
196
196
Free-cash
131
-34
905
1 171

Estimated living cost  is £196 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
£1829
£1529
£1909
£1815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
89
-
2 000
-
income
18
-
400
-
total
18
-
400
-
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%.

1 911
2 000
-
-
total
-
-
-
-
Dividends
1 911
2 000
-
-
withholding
96
100
-
-
total
96
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
114
100
400
20
After tax
1 886
1 900
1 600
1 980
Living cost
71
71
71
71
Free-cash
1 815
1 829
1 529
1 909

Estimated living cost  is £71 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
£1235
£954
£971
£1177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
352
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.

-
-
-
321
total
-
-
-
795
Employee
319
-
1 661
-
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
-
94
-
income
55
-
347
-
health
4
-
19
-
total
84
-
473
-
Employer
319
-
1 661
-
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
-
227
-
accident
3
-
13
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
339
-
Corporate
1 601
2 000
-
-
income
336
420
-
-
total
336
420
-
-
Dividends
1 265
1 580
-
-
withholding
89
111
-
-
total
89
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
589
531
812
795
After tax
1 411
1 469
1 188
1 205
Living cost
234
234
234
234
Free-cash
1 177
1 235
954
971

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£675
£529
£707
£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
-
-
-
2 000
income
-
-
-
621
pensions
-
-
-
88
total
-
-
-
709
Employee
826
-
1 743
-
pensions
80
-
105
-
income
149
-
502
-
health
14
-
23
-
total
243
-
630
-
Employer
826
-
1 743
-
health
16
-
33
-
pensions
98
-
224
-
total
114
-
257
-
Corporate
1 060
2 000
-
-
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.

202
380
-
-
total
202
380
-
-
Dividends
859
1 620
-
-
withholding
113
361
-
-
total
113
361
-
-
Income
2 000
2 000
2 000
2 000
Total tax
672
741
887
709
After tax
1 328
1 259
1 113
1 291
Living cost
584
584
584
584
Free-cash
744
675
529
707

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
£1595
£1587
£1504
£1553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
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
-
-
-
381
Employee
153
-
1 940
-
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
-
194
-
health
7
-
14
-
total
37
-
238
-
Employer
153
-
1 940
-
health
11
-
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
31
-
60
-
Corporate
1 817
2 000
-
-
income
182
200
-
-
total
182
200
-
-
Dividends
1 636
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
332
290
298
381
After tax
1 668
1 710
1 702
1 619
Living cost
115
115
115
115
Free-cash
1 553
1 595
1 587
1 504

Estimated living cost  is £115 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£510
£792
£586
£531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
716
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
927
Employee
814
750
1 837
-
pensions
103
103
103
-
income

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

123
123
346
-
health
102
98
108
-
total
328
324
557
-
Employer
814
750
1 837
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
1 043
1 118
-
-
income
209
224
-
-
total
209
224
-
-
Dividends
834
895
-
-
income
177
190
-
-
withholding
125
134
-
-
total
302
324
-
-
Income
2 000
2 000
2 000
2 000
Total tax
982
1 003
721
927
After tax
1 018
997
1 279
1 073
Living cost
487
487
487
487
Free-cash
531
510
792
586

Estimated living cost  is £487 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1159
£874
£962
£1081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
212
social contributions
-
-
-
314
solidarity contribution
-
-
-
24
health
-
-
-
270
total
-
-
-
820
Employee
321
-
1 588
-
solidarity contribution
-
-
16
-
social contributions
21
-
70
-
income
39
-
196
-
health
43
-
214
-
total
103
-
496
-
Employer
321
-
1 588
-
health
29
-
143
-
social contributions
80
-
269
-
total
109
-
412
-
Corporate
1 570
2 000
-
-
income
298
380
-
-
total
298
380
-
-
Dividends
1 272
1 620
-
-
withholding
191
243
-
-
total
191
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
701
623
908
820
After tax
1 299
1 377
1 092
1 180
Living cost
218
218
218
218
Free-cash
1 081
1 159
874
962

Estimated living cost  is £218 per week

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

Source of data for Brno model

Close
Milan , Italy
£696
£521
£595
£650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
440
regional
-
-
-
25
municipal
-
-
-
12
national
-
-
-
557
total
-
-
-
1 034
Employee
781
-
2 000
-
municipal
4
-
11
-
national
135
-
498
-
regional
7
-
23
-
social contributions
263
-
576
-
total
409
-
1 108
-
Employer
781
-
2 000
-
total
-
-
-
-
Corporate
1 219
2 000
-
-
municipal
48
78
-
-
nationa
293
480
-
-
total
341
558
-
-
Dividends
879
1 442
-
-
withholding
229
375
-
-
total
229
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
979
933
1 108
1 034
After tax
1 021
1 067
892
966
Living cost
371
371
371
371
Free-cash
650
696
521
595

Estimated living cost  is £371 per week

£258
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
£1064
£693
£747
£1037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
633
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 059
Employee
291
-
1 753
-
other
-
-
-
-
unemployment
20
-
82
-
pensions
19
-
78
-
surtax
1
-
97
-
income
49
-
580
-
health
7
-
30
-
total
96
-
867
-
Employer
291
-
1 753
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 648
2 000
-
-
income
429
520
-
-
total
429
520
-
-
Dividends
1 220
1 480
-
-
withholding
183
222
-
-
total
183
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
769
742
1 113
1 059
After tax
1 231
1 258
887
941
Living cost
194
194
194
194
Free-cash
1 037
1 064
693
747

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£860
£714
£892
£918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
621
pensions
-
-
-
88
total
-
-
-
709
Employee
554
-
1 743
-
pensions
47
-
105
-
income
100
-
502
-
health
8
-
23
-
total
155
-
630
-
Employer
554
-
1 743
-
health
11
-
33
-
pensions
60
-
224
-
total
71
-
257
-
Corporate
1 376
2 000
-
-
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.

261
380
-
-
total
261
380
-
-
Dividends
1 114
1 620
-
-
withholding
196
361
-
-
total
196
361
-
-
Income
2 000
2 000
2 000
2 000
Total tax
683
741
887
709
After tax
1 317
1 259
1 113
1 291
Living cost
399
399
399
399
Free-cash
918
860
714
892

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
£218
£818
£892
£516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
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.

-
-
-
40
regional
-
-
-
111
health
-
-
-
5
city
-
-
-
21
national
-
-
-
50
pensions
-
-
-
184
total
-
-
-
411
Employee
815
-
1 799
-
unemployment
-
-
-
-
pensions
68
-
141
-
national
4
-
41
-
regional
27
-
99
-
city
9
-
19
-
health
2
-
4
-
total
110
-
304
-
Employer
815
-
1 799
-
health
2
-
4
-
pensions
68
-
141
-
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
-
36
-
total
86
-
181
-
Corporate
1 089
2 000
-
-
regional
230
423
-
-
national
93
170
-
-
total
323
593
-
-
Dividends
766
1 407
-
-
withholding
268
492
-
-
total
268
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
787
1 085
485
411
After tax
1 213
915
1 515
1 589
Living cost
697
697
697
697
Free-cash
516
218
818
892

Estimated living cost  is £697 per week

£453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£585
£833
£560
£730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
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.

-
-
-
668
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.

-
-
-
37
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
-
-
-
273
total
-
-
-
1 038
Employee

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

528
-
2 000
-
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
-
37
-
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
-
668
-
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
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 472
2 000
-
-
income
221
300
-
-
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
17
-
-
chamber of commerce
3
4
-
-
trade
252
343
-
-
total
488
664
-
-
Dividends
983
1 336
-
-
surtax

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

13
18
-
-
withholding
242
331
-
-
total
255
349
-
-
Income
2 000
2 000
2 000
2 000
Total tax
868
1 013
765
1 038
After tax
1 132
987
1 235
962
Living cost
402
402
402
402
Free-cash
730
585
833
560

Estimated living cost  is £402 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£707
£730
£791
£758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
376
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
314
total
-
-
-
908
Employee
376
-
1 524
-
pensions
43
-
116
-
surtax
-
-
-
-
social contributions
11
-
43
-
income
22
-
333
-
total
76
-
492
-
Employer
376
-
1 524
-
health
26
-
153
-
pensions
62
-
193
-
unemployment
15
-
62
-
social contributions
1
-
5
-
other
13
-
64
-
total
117
-
477
-
Corporate
1 507
2 000
-
-
income
422
560
-
-
surtax
-
-
-
-
total
422
560
-
-
Dividends
1 085
1 440
-
-
surtax
-
-
-
-
social contributions
187
248
-
-
withholding
139
184
-
-
total
326
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
941
992
969
908
After tax
1 059
1 008
1 031
1 092
Living cost
301
301
301
301
Free-cash
758
707
730
791

Estimated living cost  is £301 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£737
£760
£821
£785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
376
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
314
total
-
-
-
908
Employee
336
-
1 524
-
pensions
38
-
116
-
surtax
-
-
-
-
social contributions
10
-
43
-
income
17
-
333
-
total
65
-
492
-
Employer
336
-
1 524
-
health
23
-
153
-
pensions
55
-
193
-
unemployment
14
-
62
-
social contributions
1
-
5
-
other
12
-
64
-
total
105
-
477
-
Corporate
1 560
2 000
-
-
income
437
560
-
-
surtax
-
-
-
-
total
437
560
-
-
Dividends
1 123
1 440
-
-
surtax
-
-
-
-
social contributions
193
248
-
-
withholding
144
184
-
-
total
337
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
944
992
969
908
After tax
1 056
1 008
1 031
1 092
Living cost
271
271
271
271
Free-cash
785
737
760
821

Estimated living cost  is £271 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1034
£1043
£1098
£1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
social contributions
-
-
-
276
health
-
-
-
140
total
-
-
-
716
Employee
298
-
2 000
-
social contributions
41
-
276
-
income
50
-
355
-
health
21
-
140
-
total
112
-
771
-
Employer
298
-
2 000
-
total
-
-
-
-
Corporate
1 702
2 000
-
-
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%.

85
100
-
-
total
85
100
-
-
Dividends
1 617
1 900
-
-
social contributions
223
262
-
-
withholding
243
285
-
-
health
113
133
-
-
total
579
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
780
771
716
After tax
1 224
1 220
1 229
1 284
Living cost
186
186
186
186
Free-cash
1 038
1 034
1 043
1 098

Estimated living cost  is £186 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£789
£213
£713
£778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
644
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
977
Employee
439
350
1 657
-
other
4
4
10
-
unemployment
13
11
31
-
pensions
45
36
105
-
income
50
26
541
-
health
17
14
40
-
total
129
91
727
-
Employer
439
350
1 657
-
chamber of commerce
2
1
7
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
11
31
-
surtax
2
2
2
-
payroll
13
11
50
-
other
21
17
73
-
total
129
104
344
-
Corporate
1 433
1 547
1 624
-
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.

358
387
406
-
total
358
387
406
-
Dividends
1 075
1 161
-
-
withholding
296
319
-
-
total
296
319
-
-
Income
2 000
2 000
2 000
2 000
Total tax
912
901
1 477
977
After tax
1 088
1 099
523
1 023
Living cost
310
310
310
310
Free-cash
778
789
213
713

Estimated living cost  is £310 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£776
£359
£550
£665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
communal

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

-
-
-
107
social contributions
-
-
-
219
national
-
-
-
804
total
-
-
-
1 130
Employee

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

628
-
1 549
-
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
-
81
-
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
-
116
-
national
193
-
587
-
health

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

30
-
73
-
total
308
-
870
-
Employer

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

628
-
1 549
-
health

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

39
-
95
-
pensions

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

56
-
137
-
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
-
23
-
surtax
71
-
176
-
total
183
-
451
-
Corporate
1 189
2 000
-
-
income
238
430
-
-
surtax
5
9
-
-
total
243
439
-
-
Dividends
946
1 561
-
-
withholding

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

281
465
-
-
total
281
465
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 015
904
1 321
1 130
After tax
985
1 096
679
870
Living cost
320
320
320
320
Free-cash
665
776
359
550

Estimated living cost  is £320 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1011
£763
£801
£950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
638
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
882
Employee
437
-
1 740
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
608
-
total
120
-
660
-
Employer
437
-
1 740
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
Corporate
1 423
2 000
-
-
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.

214
300
-
-
total
214
300
-
-
Dividends
1 210
1 700
-
-
withholding
260
372
-
-
total
260
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
733
672
920
882
After tax
1 267
1 328
1 080
1 118
Living cost
317
317
317
317
Free-cash
950
1 011
763
801

Estimated living cost  is £317 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£653
£541
£461
£534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
communal
-
-
-
126
accident
-
-
-
17
income
-
-
-
379
surtax
-
-
-
99
health
-
-
-
141
pensions
-
-
-
300
total
-
-
-
1 062
Employee
665
-
1 787
-
pensions
53
-
143
-
surtax
41
-
109
-
income
64
-
437
-
health
30
-
80
-
total
188
-
769
-
Employer
665
-
1 787
-
health
20
-
54
-
pensions
53
-
143
-
accident
6
-
16
-
total
79
-
213
-
Corporate
1 255
2 000
-
-
communal
85
135
-
-
income
188
300
-
-
surtax
13
21
-
-
total
286
456
-
-
Dividends
969
1 544
-
-
income
291
182
-
-
withholding
145
232
-
-
total
436
414
-
-
Income
2 000
2 000
2 000
2 000
Total tax
989
870
982
1 062
After tax
1 011
1 130
1 018
938
Living cost
477
477
477
477
Free-cash
534
653
541
461

Estimated living cost  is £477 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1061
£690
£744
£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
-
-
-
2 000
income
-
-
-
633
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 059
Employee
296
-
1 753
-
other
-
-
-
-
unemployment
21
-
82
-
pensions
20
-
78
-
surtax
1
-
97
-
income
50
-
580
-
health
8
-
30
-
total
100
-
867
-
Employer
296
-
1 753
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 642
2 000
-
-
income
427
520
-
-
total
427
520
-
-
Dividends
1 215
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
770
742
1 113
1 059
After tax
1 230
1 258
887
941
Living cost
197
197
197
197
Free-cash
1 033
1 061
690
744

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£815
£649
£722
£795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
440
regional
-
-
-
32
municipal
-
-
-
12
national
-
-
-
557
total
-
-
-
1 041
Employee
487
-
2 000
-
municipal
3
-
11
-
national
77
-
498
-
regional
7
-
29
-
social contributions
164
-
576
-
total
251
-
1 114
-
Employer
487
-
2 000
-
total
-
-
-
-
Corporate
1 513
2 000
-
-
municipal
75
99
-
-
nationa
363
480
-
-
total
438
579
-
-
Dividends
1 074
1 421
-
-
withholding
279
369
-
-
total
279
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
968
948
1 114
1 041
After tax
1 032
1 052
886
959
Living cost
237
237
237
237
Free-cash
795
815
649
722

Estimated living cost  is £237 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1108
£823
£911
£1012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
212
social contributions
-
-
-
314
solidarity contribution
-
-
-
24
health
-
-
-
270
total
-
-
-
820
Employee
396
-
1 588
-
solidarity contribution
-
-
16
-
social contributions
26
-
70
-
income
47
-
196
-
health
53
-
214
-
total
126
-
496
-
Employer
396
-
1 588
-
health
36
-
143
-
social contributions
99
-
269
-
total
135
-
412
-
Corporate
1 470
2 000
-
-
income
279
380
-
-
total
279
380
-
-
Dividends
1 191
1 620
-
-
withholding
179
243
-
-
total
179
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
719
623
908
820
After tax
1 281
1 377
1 092
1 180
Living cost
269
269
269
269
Free-cash
1 012
1 108
823
911

Estimated living cost  is £269 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£820
£244
£745
£817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
644
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
975
Employee
384
350
1 658
-
other
4
4
10
-
unemployment
12
11
31
-
pensions
39
36
105
-
income
34
26
542
-
health
15
14
40
-
total
104
91
728
-
Employer
384
350
1 658
-
chamber of commerce
2
1
7
-
health
15
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
12
11
31
-
surtax
-
-
-
-
payroll
12
11
50
-
other
18
17
73
-
total
112
102
342
-
Corporate
1 505
1 549
1 625
-
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.

376
387
406
-
total
376
387
406
-
Dividends
1 129
1 162
-
-
withholding
311
320
-
-
total
311
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
903
900
1 476
975
After tax
1 097
1 100
524
1 025
Living cost
280
280
280
280
Free-cash
817
820
244
745

Estimated living cost  is £280 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1789
£1489
£1869
£1768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 000
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
138
-
2 000
-
income
28
-
400
-
total
28
-
400
-
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
2 000
-
-
total
-
-
-
-
Dividends
1 862
2 000
-
-
withholding
93
100
-
-
total
93
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
121
100
400
20
After tax
1 879
1 900
1 600
1 980
Living cost
111
111
111
111
Free-cash
1 768
1 789
1 489
1 869

Estimated living cost  is £111 per week

£75
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
£1141
£648
£690
£1068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
509
unemployment
-
-
-
3
health
-
-
-
197
pensions
-
-
-
365
total
-
-
-
1 074
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.

388
-
1 731
-
unemployment
1
-
2
-
pensions
60
-
268
-
income
67
-
465
-
health
25
-
112
-
total
153
-
847
-
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.

388
-
1 731
-
health
26
-
115
-
pensions
34
-
153
-
unemployment
-
-
1
-
total
60
-
269
-
Corporate
1 551
2 000
-
-
income
295
380
-
-
total
295
380
-
-
Dividends
1 256
1 620
-
-
withholding
188
243
-
-
total
188
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
696
623
1 116
1 074
After tax
1 304
1 377
884
926
Living cost
236
236
236
236
Free-cash
1 068
1 141
648
690

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£833
£1499
£998
£409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
390
social contributions
-
-
-
228
total
-
-
-
618
Employee
551
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
551
-
-
-
social contributions
777
-
111
-
total
777
-
111
-
Corporate
672
2 000
-
-
income
148
440
-
-
total
148
440
-
-
Dividends
524
1 560
-
-
income
115
343
-
-
total
115
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 207
783
117
618
After tax
793
1 217
1 883
1 382
Living cost
384
384
384
384
Free-cash
409
833
1 499
998

Estimated living cost  is £384 per week

£249
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£862
£608
£766
£853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 000
income
-
-
-
263
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
958
Employee
404
-
1 616
-
surtax
-
-
3
-
social contributions
44
-
178
-
income
84
-
551
-
total
128
-
732
-
Employer
404
-
1 616
-
social contributions
96
-
384
-
total
96
-
384
-
Corporate
1 500
2 000
-
-
income
315
420
-
-
surtax
-
-
-
-
total
315
420
-
-
Dividends
1 185
1 580
-
-
withholding
332
442
-
-
total
332
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
871
862
1 116
958
After tax
1 129
1 138
884
1 042
Living cost
276
276
276
276
Free-cash
853
862
608
766

Estimated living cost  is £276 per week

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

Source of data for Lisbon model

Close
Paris , France
£584
£607
£668
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
376
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
314
total
-
-
-
908
Employee
550
-
1 524
-
pensions
62
-
116
-
surtax
-
-
-
-
social contributions
16
-
43
-
income
48
-
333
-
total
126
-
492
-
Employer
550
-
1 524
-
health
39
-
153
-
pensions
90
-
193
-
unemployment
22
-
62
-
social contributions
2
-
5
-
other
19
-
64
-
total
172
-
477
-
Corporate
1 278
2 000
-
-
income
358
560
-
-
surtax
-
-
-
-
total
358
560
-
-
Dividends
920
1 440
-
-
surtax
-
-
-
-
social contributions
158
248
-
-
withholding
118
184
-
-
total
276
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
932
992
969
908
After tax
1 068
1 008
1 031
1 092
Living cost
424
424
424
424
Free-cash
644
584
607
668

Estimated living cost  is £424 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£1536
£1246
£1193
£1507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
103
social contributions
-
-
-
440
total
-
-
-
543
Employee
282
-
1 732
-
income
-
-
109
-
social contributions
18
-
113
-
total
18
-
222
-
Employer
282
-
1 732
-
social contributions
44
-
268
-
total
44
-
268
-
Corporate
1 674
2 000
-
-
income
167
200
-
-
total
167
200
-
-
Dividends
1 506
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
229
200
490
543
After tax
1 771
1 800
1 510
1 457
Living cost
264
264
264
264
Free-cash
1 507
1 536
1 246
1 193

Estimated living cost  is £264 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£86
£86
£730
£49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
labour market
-
-
-
159
municipal
-
-
-
430
national
-
-
-
250
pensions
-
-
-
8
total
-
-
-
847
Employee
1 785
1 785
1 785
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 785
1 785
1 785
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
87
-
-
-
income
19
-
-
-
total
19
-
-
-
Dividends
68
-
-
-
withholding
18
-
-
-
total
18
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 528
1 491
1 491
847
After tax
472
509
509
1 153
Living cost
423
423
423
423
Free-cash
49
86
86
730

Estimated living cost  is £423 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£31
£908
£1174
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
572
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
633
Employee
303
-
1 827
-
pensions
34
-
68
-
income
42
-
448
-
health
35
-
209
-
total
111
-
725
-
Employer
303
-
1 827
-
pensions
49
-
98
-
accident
5
-
31
-
unemployment
7
-
45
-
total
61
-
174
-
Corporate
1 635
2 000
-
-
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.

1 471
1 800
-
-
total
1 471
1 800
-
-
Dividends
163
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 674
1 838
899
633
After tax
326
162
1 101
1 367
Living cost
193
193
193
193
Free-cash
133
-31
908
1 174

Estimated living cost  is £193 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
£888
£658
£887
£915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 000
health
-
-
-
27
municipal
-
-
-
355
national
-
-
-
394
total
-
-
-
776
Employee
462
-
1 683
-
municipal
76
-
274
-
unemployment
7
-
25
-
pensions
31
-
114
-
national
8
-
252
-
health
3
-
22
-
total
125
-
687
-
Employer
462
-
1 683
-
health
4
-
13
-
pensions
80
-
292
-
accident
-
-
2
-
unemployment
3
-
11
-
total
87
-
318
-
Corporate
1 451
2 000
-
-
income
290
400
-
-
total
290
400
-
-
Dividends

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

870
1 200
-
-
municipal
157
216
-
-
national
89
159
-
-
total
246
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
748
775
1 005
776
After tax
1 252
1 225
995
1 224
Living cost
337
337
337
337
Free-cash
915
888
658
887

Estimated living cost  is £337 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1254
£1124
£1141
£1205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
463
social contributions
-
-
-
142
health
-
-
-
51
total
-
-
-
656
Employee
676
676
1 889
-
social contributions
26
56
76
-
income
74
63
454
-
health
5
11
32
-
total
105
130
562
-
Employer
676
676
1 889
-
health
6
13
35
-
social contributions
26
56
76
-
total
32
69
111
-
Corporate
1 661
1 256
-
-
income
208
157
-
-
total
208
157
-
-
Dividends
1 453
1 099
-
-
withholding
247
187
-
-
total
247
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
592
543
673
656
After tax
1 408
1 457
1 327
1 344
Living cost
203
203
203
203
Free-cash
1 205
1 254
1 124
1 141

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1517
£1390
£1566
£1472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 000
income
-
-
-
207
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
295
Employee

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

202
-
1 914
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
185
-
health
17
-
71
-
total
62
-
385
-
Employer

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

202
-
1 914
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 778
2 000
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 618
1 820
-
-
withholding
146
164
-
-
total
146
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
389
344
471
295
After tax
1 611
1 656
1 529
1 705
Living cost
139
139
139
139
Free-cash
1 472
1 517
1 390
1 566

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
£1086
£838
£876
£1046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
638
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
882
Employee
325
-
1 740
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
608
-
total
83
-
660
-
Employer
325
-
1 740
-
pensions
77
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
104
-
260
-
Corporate
1 572
2 000
-
-
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.

236
300
-
-
total
236
300
-
-
Dividends
1 336
1 700
-
-
withholding
289
372
-
-
total
289
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
712
672
920
882
After tax
1 288
1 328
1 080
1 118
Living cost
242
242
242
242
Free-cash
1 046
1 086
838
876

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1231
£1271
£1273
£1229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
689
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
710
Employee
26
-
1 986
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
688
-
health
1
-
3
-
total
8
-
698
-
Employer
26
-
1 986
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
1 968
2 000
-
-
income
433
440
-
-
total
433
440
-
-
Dividends
1 535
1 560
-
-
withholding
307
312
-
-
total
307
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
754
752
712
710
After tax
1 246
1 248
1 288
1 290
Living cost
17
17
17
17
Free-cash
1 229
1 231
1 271
1 273

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1293
£1140
£1139
£1249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
463
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
709
Employee

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

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

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

229
-
1 884
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
32
-
463
-
health
12
-
33
-
total
78
-
592
-
Employer

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

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

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

229
-
1 884
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 730
2 000
-
-
income
259
300
-
-
total
259
300
-
-
Dividends
1 470
1 700
-
-
withholding
221
255
-
-
total
221
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
555
708
709
After tax
1 401
1 445
1 292
1 291
Living cost
152
152
152
152
Free-cash
1 249
1 293
1 140
1 139

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£901
£647
£805
£897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
263
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
958
Employee
341
-
1 616
-
surtax
-
-
3
-
social contributions
38
-
178
-
income
67
-
551
-
total
105
-
732
-
Employer
341
-
1 616
-
social contributions
81
-
384
-
total
81
-
384
-
Corporate
1 578
2 000
-
-
income
331
420
-
-
surtax
-
-
-
-
total
331
420
-
-
Dividends
1 247
1 580
-
-
withholding
349
442
-
-
total
349
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
866
862
1 116
958
After tax
1 134
1 138
884
1 042
Living cost
237
237
237
237
Free-cash
897
901
647
805

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1019
£771
£809
£962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
638
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
882
Employee
424
-
1 740
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
89
-
608
-
total
116
-
660
-
Employer
424
-
1 740
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
Corporate
1 440
2 000
-
-
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.

216
300
-
-
total
216
300
-
-
Dividends
1 224
1 700
-
-
withholding
263
372
-
-
total
263
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
729
672
920
882
After tax
1 271
1 328
1 080
1 118
Living cost
309
309
309
309
Free-cash
962
1 019
771
809

Estimated living cost  is £309 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1559
£1551
£1468
£1506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
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
-
-
-
381
Employee
200
-
1 940
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
194
-
health
9
-
14
-
total
49
-
238
-
Employer
200
-
1 940
-
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
1 760
2 000
-
-
income
176
200
-
-
total
176
200
-
-
Dividends
1 584
1 800
-
-
withholding
79
90
-
-
total
79
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
343
290
298
381
After tax
1 657
1 710
1 702
1 619
Living cost
151
151
151
151
Free-cash
1 506
1 559
1 551
1 468

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£689
£896
£668
£804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
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.

-
-
-
668
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.

-
-
-
37
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
-
-
-
228
total
-
-
-
993
Employee

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

437
-
2 000
-
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
-
37
-
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
-
668
-
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
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 563
2 000
-
-
income
234
300
-
-
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
17
-
-
chamber of commerce
4
4
-
-
trade
224
287
-
-
total
475
608
-
-
Dividends
1 088
1 392
-
-
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
19
-
-
withholding
269
345
-
-
total
284
364
-
-
Income
2 000
2 000
2 000
2 000
Total tax
857
972
765
993
After tax
1 143
1 028
1 235
1 007
Living cost
339
339
339
339
Free-cash
804
689
896
668

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£900
£501
£501
£919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
655
social contributions
-
-
-
344
total
-
-
-
999
Employee
687
-
2 000
-
income
130
-
655
-
social contributions
57
-
344
-
total
187
-
999
-
Employer
687
-
2 000
-
total
-
-
-
-
Corporate
1 313
2 000
-
-
income
164
250
-
-
total
164
250
-
-
Dividends
1 149
1 750
-
-
withholding
230
350
-
-
total
230
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
581
600
999
999
After tax
1 419
1 400
1 001
1 001
Living cost
500
500
500
500
Free-cash
919
900
501
501

Estimated living cost  is £500 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£935
£1076
£1328
£966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
300
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
-
-
-
353
Employee
403
-
1 960
-
income
44
-
525
-
social contributions
40
-
40
-
total
84
-
565
-
Employer
403
-
1 960
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 557
2 000
-
-
income
545
700
-
-
total
545
700
-
-
Dividends
1 012
1 300
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
746
605
353
After tax
1 285
1 254
1 395
1 647
Living cost
319
319
319
319
Free-cash
966
935
1 076
1 328

Estimated living cost  is £319 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£935
£789
£967
£988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
621
pensions
-
-
-
88
total
-
-
-
709
Employee
445
-
1 743
-
pensions
34
-
105
-
income
81
-
502
-
health
6
-
23
-
total
121
-
630
-
Employer
445
-
1 743
-
health
8
-
33
-
pensions
45
-
224
-
total
53
-
257
-
Corporate
1 501
2 000
-
-
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.

285
380
-
-
total
285
380
-
-
Dividends
1 216
1 620
-
-
withholding
229
361
-
-
total
229
361
-
-
Income
2 000
2 000
2 000
2 000
Total tax
688
741
887
709
After tax
1 312
1 259
1 113
1 291
Living cost
324
324
324
324
Free-cash
988
935
789
967

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
-£50
£889
£1155
£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
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
572
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
633
Employee
333
-
1 827
-
pensions
38
-
68
-
income
46
-
448
-
health
38
-
209
-
total
122
-
725
-
Employer
333
-
1 827
-
pensions
54
-
98
-
accident
6
-
31
-
unemployment
8
-
45
-
total
68
-
174
-
Corporate
1 599
2 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 439
1 800
-
-
total
1 439
1 800
-
-
Dividends
160
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 659
1 838
899
633
After tax
341
162
1 101
1 367
Living cost
212
212
212
212
Free-cash
129
-50
889
1 155

Estimated living cost  is £212 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
£1411
£1351
£1157
£1385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 000
income
-
-
-
337
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
259
total
-
-
-
724
Employee

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

190
-
2 000
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
337
-
total
71
-
530
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 810
2 000
-
-
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%.

181
200
-
-
total
181
200
-
-
Dividends
1 629
1 800
-
-
withholding
244
270
-
-
total
244
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
496
470
530
724
After tax
1 504
1 530
1 470
1 276
Living cost
119
119
119
119
Free-cash
1 385
1 411
1 351
1 157

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£704
£519
£590
£664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
440
regional
-
-
-
49
municipal
-
-
-
14
national
-
-
-
557
total
-
-
-
1 060
Employee
740
-
2 000
-
municipal
4
-
13
-
national
125
-
498
-
regional
11
-
44
-
social contributions
250
-
576
-
total
390
-
1 131
-
Employer
740
-
2 000
-
total
-
-
-
-
Corporate
1 260
2 000
-
-
municipal
61
96
-
-
nationa
302
480
-
-
total
363
576
-
-
Dividends
897
1 424
-
-
withholding
233
370
-
-
total
233
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
986
946
1 131
1 060
After tax
1 014
1 054
869
940
Living cost
350
350
350
350
Free-cash
664
704
519
590

Estimated living cost  is £350 per week

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

Source of data for Rome model

Close
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Estimated living cost

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