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
£717
£739
£836
£967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
250
health

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

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

-
-
-
61
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
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.

-
-
-
666
total
-
-
-
1 014
Employee

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

340
-
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.

10
-
666
-
health

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

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

61
-
61
-
total
72
-
764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 660
2 000
-
-
trade
261
315
-
-
income
249
300
-
-
chamber of commerce
4
4
-
-
surtax

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

14
16
-
-
total
528
635
-
-
Dividends
1 132
1 364
-
-
withholding
280
338
-
-
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
-
-
total
295
357
-
-
Income
2 000
2 000
2 000
2 000
Total tax
895
992
764
1 014
After tax
1 105
1 008
1 236
986
Living cost
269
269
269
269
Free-cash
836
739
967
717

Estimated living cost  is £269 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£675
£777
£770
£686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
222
pensions
-
-
-
240
social contributions
-
-
-
21
national
-
-
-
371
total
-
-
-
854
Employee
730
-
1 729
-
municipal
90
-
229
-
national
140
-
388
-
pensions
29
-
69
-
total
259
-
686
-
Employer
730
-
1 729
-
pensions
58
-
138
-
social contributions
8
-
19
-
total
66
-
157
-
Corporate
1 155
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%.

231
400
-
-
total
231
400
-
-
Dividends
924
1 600
-
-
withholding
203
352
-
-
total
203
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
759
752
843
854
After tax
1 241
1 248
1 157
1 146
Living cost
471
471
471
471
Free-cash
770
777
686
675

Estimated living cost  is £471 per week

£320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£542
£1415
£1342
£684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
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.

-
-
-
341
income
-
-
-
422
microenterprise
-
-
-
-
total
-
-
-
1 273
Employee
260
-
1 572
-
social contributions

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

29
-
117
-
surtax
-
-
228
-
income
46
-
358
-
total
75
-
703
-
Employer
260
-
1 572
-
surtax
-
-
173
-
social contributions

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

63
-
255
-
total
63
-
428
-
Corporate
1 677
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%.

335
400
-
-
total
335
400
-
-
Dividends

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

1 342
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
473
400
1 131
1 273
After tax
1 527
1 600
869
727
Living cost
185
185
185
185
Free-cash
1 342
1 415
684
542

Estimated living cost  is £185 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£701
£625
£569
£905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
104
health
-
-
-
110
income
-
-
-
712
total
-
-
-
926
Employee
760
760
1 835
-
pensions
137
104
104
-
income

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

124
124
342
-
health
117
99
110
-
total
378
327
556
-
Employer
760
760
1 835
-
pensions
53
53
66
-
unemployment
27
27
34
-
health
53
53
66
-
total
133
133
166
-
Corporate
1 117
1 107
-
-
income
223
221
-
-
total
223
221
-
-
Dividends
893
886
-
-
withholding
134
133
-
-
income
190
188
-
-
total
324
321
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 058
1 002
722
926
After tax
942
998
1 278
1 074
Living cost
373
373
373
373
Free-cash
569
625
905
701

Estimated living cost  is £373 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£636
£725
£717
£628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
527
pensions
-
-
-
87
health
-
-
-
50
other
-
-
-
93
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
237
total
-
-
-
997
Employee
522
-
1 748
-
municipal
156
-
521
-
national
-
-
232
-
total
156
-
753
-
Employer
522
-
1 748
-
pensions
56
-
87
-
other
61
-
93
-
unemployment
14
-
21
-
accident
1
-
2
-
health
32
-
49
-
total
164
-
252
-
Corporate
1 314
2 000
-
-
income
289
440
-
-
total
289
440
-
-
Dividends
1 025
1 560
-
-
withholding
307
468
-
-
total
307
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
916
908
1 005
997
After tax
1 084
1 092
995
1 003
Living cost
367
367
367
367
Free-cash
717
725
628
636

Estimated living cost  is £367 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£626
£650
£773
£887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
261
health

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

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

-
-
-
61
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
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.

-
-
-
666
total
-
-
-
1 025
Employee

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

451
-
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.

39
-
666
-
health

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

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

61
-
61
-
total
102
-
764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 549
2 000
-
-
trade
255
329
-
-
income
232
300
-
-
chamber of commerce
4
4
-
-
surtax

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

13
16
-
-
total
504
649
-
-
Dividends
1 045
1 350
-
-
withholding
258
334
-
-
surtax

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

14
18
-
-
total
272
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
878
1 001
764
1 025
After tax
1 122
999
1 236
975
Living cost
349
349
349
349
Free-cash
773
650
887
626

Estimated living cost  is £349 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1056
£1168
£1132
£1039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
51
social contributions
-
-
-
144
income
-
-
-
460
total
-
-
-
655
Employee
684
684
1 888
-
social contributions
33
57
77
-
income
72
63
451
-
health
7
12
32
-
total
112
132
560
-
Employer
684
684
1 888
-
social contributions
33
57
77
-
health
7
13
35
-
total
40
70
112
-
Corporate
1 559
1 246
-
-
income
195
156
-
-
total
195
156
-
-
Dividends
1 364
1 091
-
-
withholding
232
185
-
-
total
232
185
-
-
Income
2 000
2 000
2 000
2 000
Total tax
579
543
672
655
After tax
1 421
1 457
1 328
1 345
Living cost
289
289
289
289
Free-cash
1 132
1 168
1 039
1 056

Estimated living cost  is £289 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1222
£959
£960
£996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
200
health
-
-
-
140
unemployment
-
-
-
30
income
-
-
-
244
total
-
-
-
614
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.

237
94
1 674
-
pensions
24
9
167
-
unemployment
4
1
25
-
income
29
12
205
-
health
17
7
117
-
total
74
29
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.

237
94
1 674
-
pensions
46
18
326
-
total
46
18
326
-
Corporate
1 717
1 887
-
-
income
155
170
-
-
total
155
170
-
-
Dividends
1 563
1 718
-
-
withholding
297
326
-
-
social contributions
304
334
-
-
total
601
660
-
-
Income
2 000
2 000
2 000
2 000
Total tax
876
877
840
614
After tax
1 124
1 123
1 160
1 386
Living cost
164
164
164
164
Free-cash
960
959
996
1 222

Estimated living cost  is £164 per week

£112
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
£857
£1385
£1331
£938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
pensions
-
-
-
400
health
-
-
-
260
income
-
-
-
268
total
-
-
-
928
Employee
252
-
1 495
-
pensions
5
-
30
-
unemployment
4
-
24
-
income
28
-
288
-
total
37
-
342
-
Employer
252
-
1 495
-
pensions
50
-
299
-
unemployment
2
-
12
-
health
33
-
194
-
total
85
-
505
-
Corporate
1 662
2 000
-
-
income
332
400
-
-
total
332
400
-
-
Dividends
1 330
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
215
215
215
215
Free-cash
1 331
1 385
938
857

Estimated living cost  is £215 per week

£147
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
£1167
-£37
£131
£902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
38
health
-
-
-
20
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
571
total
-
-
-
634
Employee
313
-
1 825
-
pensions
35
-
69
-
income
43
-
446
-
health
36
-
209
-
total
114
-
724
-
Employer
313
-
1 825
-
pensions
51
-
100
-
unemployment
8
-
45
-
accident
5
-
30
-
total
64
-
175
-
Corporate
1 623
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.

1 461
1 800
-
-
total
1 461
1 800
-
-
Dividends
162
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 670
1 838
899
634
After tax
330
162
1 101
1 366
Living cost
199
199
199
199
Free-cash
131
-37
902
1 167

Estimated living cost  is £199 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1907
£1827
£1814
£1527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
91
-
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%.

1 909
2 000
-
-
total
-
-
-
-
Dividends
1 909
2 000
-
-
withholding
95
100
-
-
total
95
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
113
100
400
20
After tax
1 887
1 900
1 600
1 980
Living cost
73
73
73
73
Free-cash
1 814
1 827
1 527
1 907

Estimated living cost  is £73 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£964
£1232
£1171
£946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
325
health
-
-
-
60
other
-
-
-
64
income
-
-
-
350
total
-
-
-
799
Employee
323
-
1 657
-
pensions

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

23
-
95
-
unemployment
3
-
14
-
income
56
-
345
-
health
5
-
19
-
total
87
-
473
-
Employer
323
-
1 657
-
pensions

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

55
-
230
-
other
16
-
68
-
unemployment
3
-
14
-
accident
3
-
13
-
health
5
-
19
-
total
82
-
344
-
Corporate
1 596
2 000
-
-
income
335
420
-
-
total
335
420
-
-
Dividends
1 261
1 580
-
-
withholding
88
111
-
-
total
88
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
592
531
817
799
After tax
1 408
1 469
1 183
1 201
Living cost
237
237
237
237
Free-cash
1 171
1 232
946
964

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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£707
£675
£744
£529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
88
income
-
-
-
621
total
-
-
-
709
Employee
826
-
1 743
-
pensions
80
-
105
-
income
149
-
502
-
health
14
-
23
-
total
243
-
630
-
Employer
826
-
1 743
-
pensions
98
-
224
-
health
16
-
33
-
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
£1500
£1593
£1550
£1585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
46
health
-
-
-
36
unemployment
-
-
-
1
income
-
-
-
300
total
-
-
-
383
Employee
154
-
1 939
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
income
15
-
194
-
health
7
-
14
-
total
38
-
238
-
Employer
154
-
1 939
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
21
-
total
31
-
60
-
Corporate
1 815
2 000
-
-
income
182
200
-
-
total
182
200
-
-
Dividends
1 634
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
333
290
298
383
After tax
1 667
1 710
1 702
1 617
Living cost
117
117
117
117
Free-cash
1 550
1 593
1 585
1 500

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£581
£505
£527
£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
pensions
-
-
-
104
health
-
-
-
110
income
-
-
-
712
total
-
-
-
926
Employee
825
760
1 835
-
pensions
104
104
104
-
income

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

124
124
342
-
health
103
99
110
-
total
331
327
556
-
Employer
825
760
1 835
-
pensions
57
53
66
-
unemployment
30
27
34
-
health
57
53
66
-
total
144
133
166
-
Corporate
1 031
1 107
-
-
income
206
221
-
-
total
206
221
-
-
Dividends
825
886
-
-
withholding
124
133
-
-
income
175
188
-
-
total
299
321
-
-
Income
2 000
2 000
2 000
2 000
Total tax
980
1 002
722
926
After tax
1 020
998
1 278
1 074
Living cost
493
493
493
493
Free-cash
527
505
785
581

Estimated living cost  is £493 per week

£364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£956
£1156
£1078
£869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
270
social contributions
-
-
-
318
solidarity contribution
-
-
-
23
income
-
-
-
212
total
-
-
-
823
Employee
325
-
1 585
-
social contributions
21
-
71
-
income
39
-
195
-
solidarity contribution
-
-
15
-
health
44
-
214
-
total
104
-
495
-
Employer
325
-
1 585
-
social contributions
81
-
272
-
health
29
-
143
-
total
110
-
415
-
Corporate
1 565
2 000
-
-
income
297
380
-
-
total
297
380
-
-
Dividends
1 267
1 620
-
-
withholding
190
243
-
-
total
190
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
701
623
910
823
After tax
1 299
1 377
1 090
1 177
Living cost
221
221
221
221
Free-cash
1 078
1 156
869
956

Estimated living cost  is £221 per week

£154
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
£590
£692
£646
£513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12
regional
-
-
-
25
social contributions
-
-
-
445
national
-
-
-
553
total
-
-
-
1 035
Employee
791
-
2 000
-
social contributions
267
-
584
-
municipal
4
-
11
-
regional
7
-
23
-
national
137
-
494
-
total
415
-
1 112
-
Employer
791
-
2 000
-
total
-
-
-
-
Corporate
1 209
2 000
-
-
nationa
290
480
-
-
municipal
47
78
-
-
total
337
558
-
-
Dividends
872
1 442
-
-
withholding
227
375
-
-
total
227
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
979
933
1 112
1 035
After tax
1 021
1 067
888
965
Living cost
375
375
375
375
Free-cash
646
692
513
590

Estimated living cost  is £375 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£746
£1062
£1036
£691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
106
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
629
total
-
-
-
1 058
Employee
294
-
1 750
-
surtax
1
-
95
-
pensions
20
-
79
-
other
-
-
-
-
unemployment
20
-
83
-
income
49
-
576
-
health
8
-
30
-
total
98
-
863
-
Employer
294
-
1 750
-
pensions
39
-
158
-
other
-
-
-
-
unemployment
9
-
38
-
health
13
-
54
-
total
61
-
250
-
Corporate
1 644
2 000
-
-
income
427
520
-
-
total
427
520
-
-
Dividends
1 216
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
768
742
1 113
1 058
After tax
1 232
1 258
887
942
Living cost
196
196
196
196
Free-cash
1 036
1 062
691
746

Estimated living cost  is £196 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
88
income
-
-
-
621
total
-
-
-
709
Employee
554
-
1 743
-
pensions
47
-
105
-
income
100
-
502
-
health
8
-
23
-
total
155
-
630
-
Employer
554
-
1 743
-
pensions
60
-
224
-
health
11
-
33
-
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
£881
£205
£507
£805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
110
city
-
-
-
21
pensions
-
-
-
184
health
-
-
-
5
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
national
-
-
-
49
total
-
-
-
409
Employee
831
-
1 798
-
regional
27
-
98
-
national
4
-
40
-
pensions
70
-
142
-
unemployment
-
-
-
-
city
9
-
19
-
health
2
-
4
-
total
112
-
303
-
Employer
831
-
1 798
-
pensions
70
-
142
-
other

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

17
-
36
-
unemployment
-
-
-
-
health
2
-
4
-
total
89
-
182
-
Corporate
1 072
2 000
-
-
regional
227
423
-
-
national
91
170
-
-
total
318
593
-
-
Dividends
754
1 407
-
-
withholding
264
492
-
-
total
264
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
783
1 085
485
409
After tax
1 217
915
1 515
1 591
Living cost
710
710
710
710
Free-cash
507
205
805
881

Estimated living cost  is £710 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£556
£580
£725
£828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
272
health

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

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

-
-
-
61
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
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.

-
-
-
666
total
-
-
-
1 036
Employee

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

535
-
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.

63
-
666
-
health

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

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

61
-
61
-
total
127
-
764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 465
2 000
-
-
trade
251
343
-
-
income
220
300
-
-
chamber of commerce
3
4
-
-
surtax

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

12
16
-
-
total
486
663
-
-
Dividends
979
1 336
-
-
withholding
241
331
-
-
surtax

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

13
18
-
-
total
254
349
-
-
Income
2 000
2 000
2 000
2 000
Total tax
867
1 012
764
1 036
After tax
1 133
988
1 236
964
Living cost
408
408
408
408
Free-cash
725
580
828
556

Estimated living cost  is £408 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£791
£704
£757
£733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
315
health
-
-
-
98
surtax
-
-
-
-
other
-
-
-
62
social contributions
-
-
-
57
income
-
-
-
373
total
-
-
-
905
Employee
381
-
1 526
-
social contributions
11
-
43
-
surtax
-
-
-
-
pensions
43
-
115
-
income
22
-
331
-
total
76
-
489
-
Employer
381
-
1 526
-
pensions
63
-
192
-
social contributions
1
-
5
-
other
13
-
63
-
unemployment
15
-
62
-
health
27
-
152
-
total
119
-
474
-
Corporate
1 500
2 000
-
-
income
420
560
-
-
surtax
-
-
-
-
total
420
560
-
-
Dividends
1 080
1 440
-
-
withholding
138
184
-
-
surtax
-
-
-
-
social contributions
186
248
-
-
total
324
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
939
992
963
905
After tax
1 061
1 008
1 037
1 095
Living cost
304
304
304
304
Free-cash
757
704
733
791

Estimated living cost  is £304 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£821
£734
£783
£763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
315
health
-
-
-
98
surtax
-
-
-
-
other
-
-
-
62
social contributions
-
-
-
57
income
-
-
-
373
total
-
-
-
905
Employee
340
-
1 526
-
social contributions
10
-
43
-
surtax
-
-
-
-
pensions
38
-
115
-
income
18
-
331
-
total
66
-
489
-
Employer
340
-
1 526
-
pensions
56
-
192
-
social contributions
1
-
5
-
other
12
-
63
-
unemployment
14
-
62
-
health
24
-
152
-
total
107
-
474
-
Corporate
1 554
2 000
-
-
income
435
560
-
-
surtax
-
-
-
-
total
435
560
-
-
Dividends
1 119
1 440
-
-
withholding
143
184
-
-
surtax
-
-
-
-
social contributions
192
248
-
-
total
335
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
943
992
963
905
After tax
1 057
1 008
1 037
1 095
Living cost
274
274
274
274
Free-cash
783
734
763
821

Estimated living cost  is £274 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1095
£1031
£1035
£1041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
140
social contributions
-
-
-
276
income
-
-
-
300
total
-
-
-
716
Employee
302
-
2 000
-
social contributions
42
-
276
-
income
50
-
354
-
health
21
-
140
-
total
113
-
770
-
Employer
302
-
2 000
-
total
-
-
-
-
Corporate
1 698
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
1 613
1 900
-
-
withholding
242
285
-
-
social contributions
223
262
-
-
health
113
133
-
-
total
578
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
780
770
716
After tax
1 224
1 220
1 230
1 284
Living cost
189
189
189
189
Free-cash
1 035
1 031
1 041
1 095

Estimated living cost  is £189 per week

£126
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.
£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
£711
£788
£776
£212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
192
health
-
-
-
80
surtax
-
-
-
2
unemployment
-
-
-
55
income
-
-
-
639
chamber of commerce
-
-
-
8
total
-
-
-
976
Employee
445
355
1 654
-
pensions
46
36
106
-
other
4
4
10
-
unemployment
13
11
31
-
income
51
26
537
-
health
17
14
40
-
total
131
91
724
-
Employer
445
355
1 654
-
payroll
13
11
50
-
chamber of commerce
2
1
7
-
pensions
56
45
130
-
surtax
2
2
2
-
other
21
17
73
-
unemployment
13
11
31
-
accident
6
5
14
-
health
17
13
39
-
total
130
105
346
-
Corporate
1 426
1 542
1 620
-
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.

356
385
405
-
total
356
385
405
-
Dividends
1 069
1 156
-
-
withholding
294
318
-
-
total
294
318
-
-
Income
2 000
2 000
2 000
2 000
Total tax
911
899
1 475
976
After tax
1 089
1 101
525
1 024
Living cost
313
313
313
313
Free-cash
776
788
212
711

Estimated living cost  is £313 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£545
£773
£660
£356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
222
communal

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

-
-
-
107
national
-
-
-
802
total
-
-
-
1 131
Employee

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

636
-
1 549
-
national
196
-
586
-
pensions

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

48
-
116
-
unemployment

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

6
-
13
-
communal

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

33
-
81
-
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
313
-
869
-
Employer

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

636
-
1 549
-
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
-
surtax
72
-
176
-
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
-
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
-
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
-
total
184
-
451
-
Corporate
1 178
2 000
-
-
income
236
428
-
-
surtax
5
9
-
-
total
241
437
-
-
Dividends
938
1 563
-
-
withholding

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

278
466
-
-
total
278
466
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 016
903
1 320
1 131
After tax
984
1 097
680
869
Living cost
324
324
324
324
Free-cash
660
773
356
545

Estimated living cost  is £324 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£797
£1007
£946
£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
pensions
-
-
-
233
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
635
total
-
-
-
882
Employee
443
-
1 737
-
pensions
21
-
39
-
other
-
-
1
-
unemployment
7
-
13
-
income
93
-
605
-
total
121
-
658
-
Employer
443
-
1 737
-
pensions
105
-
195
-
other
4
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
142
-
263
-
Corporate
1 416
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.

212
300
-
-
total
212
300
-
-
Dividends
1 204
1 700
-
-
withholding
258
372
-
-
total
258
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
733
672
921
882
After tax
1 267
1 328
1 079
1 118
Living cost
321
321
321
321
Free-cash
946
1 007
758
797

Estimated living cost  is £321 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£457
£649
£527
£537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
pensions
-
-
-
300
health
-
-
-
141
surtax
-
-
-
99
accident
-
-
-
17
communal
-
-
-
126
income
-
-
-
377
total
-
-
-
1 060
Employee
674
-
1 787
-
surtax
41
-
109
-
pensions
54
-
143
-
income
65
-
435
-
health
30
-
80
-
total
190
-
767
-
Employer
674
-
1 787
-
pensions
54
-
143
-
accident
6
-
16
-
health
21
-
54
-
total
81
-
213
-
Corporate
1 246
2 000
-
-
communal
84
135
-
-
income
187
300
-
-
surtax
13
21
-
-
total
284
456
-
-
Dividends
962
1 544
-
-
withholding
144
232
-
-
income
291
180
-
-
total
435
412
-
-
Income
2 000
2 000
2 000
2 000
Total tax
990
868
980
1 060
After tax
1 010
1 132
1 020
940
Living cost
483
483
483
483
Free-cash
527
649
537
457

Estimated living cost  is £483 per week

£363
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.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£742
£1058
£1028
£687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
106
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
629
total
-
-
-
1 058
Employee
300
-
1 750
-
surtax
1
-
95
-
pensions
20
-
79
-
other
-
-
-
-
unemployment
21
-
83
-
income
50
-
576
-
health
8
-
30
-
total
100
-
863
-
Employer
300
-
1 750
-
pensions
40
-
158
-
other
-
-
-
-
unemployment
10
-
38
-
health
14
-
54
-
total
64
-
250
-
Corporate
1 637
2 000
-
-
income
426
520
-
-
total
426
520
-
-
Dividends
1 212
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
772
742
1 113
1 058
After tax
1 228
1 258
887
942
Living cost
200
200
200
200
Free-cash
1 028
1 058
687
742

Estimated living cost  is £200 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£718
£812
£791
£642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12
regional
-
-
-
32
social contributions
-
-
-
445
national
-
-
-
553
total
-
-
-
1 042
Employee
494
-
2 000
-
social contributions
166
-
584
-
municipal
3
-
11
-
regional
7
-
29
-
national
78
-
494
-
total
254
-
1 118
-
Employer
494
-
2 000
-
total
-
-
-
-
Corporate
1 506
2 000
-
-
nationa
362
480
-
-
municipal
75
99
-
-
total
437
579
-
-
Dividends
1 070
1 421
-
-
withholding
278
369
-
-
total
278
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
969
948
1 118
1 042
After tax
1 031
1 052
882
958
Living cost
240
240
240
240
Free-cash
791
812
642
718

Estimated living cost  is £240 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£905
£1105
£1008
£818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
270
social contributions
-
-
-
318
solidarity contribution
-
-
-
23
income
-
-
-
212
total
-
-
-
823
Employee
400
-
1 585
-
social contributions
26
-
71
-
income
48
-
195
-
solidarity contribution
-
-
15
-
health
54
-
214
-
total
128
-
495
-
Employer
400
-
1 585
-
social contributions
100
-
272
-
health
36
-
143
-
total
136
-
415
-
Corporate
1 463
2 000
-
-
income
278
380
-
-
total
278
380
-
-
Dividends
1 185
1 620
-
-
withholding
178
243
-
-
total
178
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
720
623
910
823
After tax
1 280
1 377
1 090
1 177
Living cost
272
272
272
272
Free-cash
1 008
1 105
818
905

Estimated living cost  is £272 per week

£203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£742
£818
£813
£242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
192
health
-
-
-
80
surtax
-
-
-
-
unemployment
-
-
-
55
income
-
-
-
639
chamber of commerce
-
-
-
8
total
-
-
-
974
Employee
389
355
1 656
-
pensions
40
36
106
-
other
4
4
10
-
unemployment
12
11
31
-
income
35
26
537
-
health
15
14
40
-
total
106
91
724
-
Employer
389
355
1 656
-
payroll
12
11
50
-
chamber of commerce
2
1
7
-
pensions
49
45
130
-
surtax
-
-
-
-
other
18
17
73
-
unemployment
12
11
31
-
accident
5
5
14
-
health
15
13
39
-
total
113
103
344
-
Corporate
1 499
1 543
1 622
-
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.

375
386
406
-
total
375
386
406
-
Dividends
1 124
1 158
-
-
withholding
309
318
-
-
total
309
318
-
-
Income
2 000
2 000
2 000
2 000
Total tax
903
898
1 474
974
After tax
1 097
1 102
526
1 026
Living cost
284
284
284
284
Free-cash
813
818
242
742

Estimated living cost  is £284 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1867
£1787
£1766
£1487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
141
-
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%.

1 859
2 000
-
-
total
-
-
-
-
Dividends
1 859
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
113
113
113
113
Free-cash
1 766
1 787
1 487
1 867

Estimated living cost  is £113 per week

£77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£690
£1138
£1063
£647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
365
health
-
-
-
197
unemployment
-
-
-
3
income
-
-
-
506
total
-
-
-
1 071
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.

393
-
1 731
-
pensions
61
-
268
-
unemployment
1
-
2
-
income
68
-
463
-
health
25
-
112
-
total
155
-
845
-
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.

393
-
1 731
-
pensions
35
-
153
-
unemployment
-
-
1
-
health
26
-
115
-
total
61
-
269
-
Corporate
1 545
2 000
-
-
income
294
380
-
-
total
294
380
-
-
Dividends
1 252
1 620
-
-
withholding
188
243
-
-
total
188
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
698
623
1 114
1 071
After tax
1 302
1 377
886
929
Living cost
239
239
239
239
Free-cash
1 063
1 138
647
690

Estimated living cost  is £239 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£994
£829
£401
£1493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
228
income
-
-
-
390
total
-
-
-
618
Employee
556
-
-
-
social contributions
46
-
7
-
income
123
-
-
-
total
169
-
7
-
Employer
556
-
-
-
social contributions
784
-
112
-
total
784
-
112
-
Corporate
659
2 000
-
-
income
145
440
-
-
total
145
440
-
-
Dividends
514
1 560
-
-
income
113
343
-
-
total
113
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 211
783
119
618
After tax
789
1 217
1 881
1 382
Living cost
388
388
388
388
Free-cash
401
829
1 493
994

Estimated living cost  is £388 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£764
£859
£850
£608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
-
social contributions

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

-
-
-
695
income
-
-
-
262
total
-
-
-
957
Employee
409
-
1 616
-
social contributions
45
-
178
-
surtax
-
-
2
-
income
85
-
549
-
total
130
-
729
-
Employer
409
-
1 616
-
social contributions
97
-
384
-
total
97
-
384
-
Corporate
1 494
2 000
-
-
income
314
420
-
-
surtax
-
-
-
-
total
314
420
-
-
Dividends
1 180
1 580
-
-
withholding
330
442
-
-
total
330
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
871
862
1 113
957
After tax
1 129
1 138
887
1 043
Living cost
279
279
279
279
Free-cash
850
859
608
764

Estimated living cost  is £279 per week

£209
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
£665
£578
£638
£607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
315
health
-
-
-
98
surtax
-
-
-
-
other
-
-
-
62
social contributions
-
-
-
57
income
-
-
-
373
total
-
-
-
905
Employee
557
-
1 526
-
social contributions
16
-
43
-
surtax
-
-
-
-
pensions
63
-
115
-
income
49
-
331
-
total
128
-
489
-
Employer
557
-
1 526
-
pensions
92
-
192
-
social contributions
2
-
5
-
other
19
-
63
-
unemployment
23
-
62
-
health
39
-
152
-
total
175
-
474
-
Corporate
1 269
2 000
-
-
income
355
560
-
-
surtax
-
-
-
-
total
355
560
-
-
Dividends
913
1 440
-
-
withholding
117
184
-
-
surtax
-
-
-
-
social contributions
157
248
-
-
total
274
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
932
992
963
905
After tax
1 068
1 008
1 037
1 095
Living cost
430
430
430
430
Free-cash
638
578
607
665

Estimated living cost  is £430 per week

£291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1191
£1533
£1503
£1244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
102
total
-
-
-
542
Employee
286
-
1 732
-
social contributions
19
-
113
-
income
-
-
108
-
total
19
-
221
-
Employer
286
-
1 732
-
social contributions
44
-
268
-
total
44
-
268
-
Corporate
1 670
2 000
-
-
income
167
200
-
-
total
167
200
-
-
Dividends
1 503
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
230
200
489
542
After tax
1 770
1 800
1 511
1 458
Living cost
267
267
267
267
Free-cash
1 503
1 533
1 244
1 191

Estimated living cost  is £267 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£726
£63
£36
£63
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
430
pensions
-
-
-
8
labour market
-
-
-
159
national
-
-
-
249
total
-
-
-
846
Employee
1 806
1 806
1 806
-
municipal
385
385
385
-
national
221
221
221
-
pensions
3
3
3
-
labour market
144
144
144
-
total
753
753
753
-
Employer
1 806
1 806
1 806
-
labour market
145
145
145
-
pensions
5
5
5
-
municipal
385
385
385
-
national
221
221
221
-
total
756
756
756
-
Corporate
64
-
-
-
income
14
-
-
-
total
14
-
-
-
Dividends
50
-
-
-
withholding
13
-
-
-
total
13
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 536
1 509
1 509
846
After tax
464
491
491
1 154
Living cost
428
428
428
428
Free-cash
36
63
63
726

Estimated living cost  is £428 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£1170
-£34
£132
£905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
38
health
-
-
-
20
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
571
total
-
-
-
634
Employee
309
-
1 825
-
pensions
35
-
69
-
income
42
-
446
-
health
35
-
209
-
total
112
-
724
-
Employer
309
-
1 825
-
pensions
50
-
100
-
unemployment
8
-
45
-
accident
5
-
30
-
total
63
-
175
-
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.

1 466
1 800
-
-
total
1 466
1 800
-
-
Dividends
163
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 672
1 838
899
634
After tax
328
162
1 101
1 366
Living cost
196
196
196
196
Free-cash
132
-34
905
1 170

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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£885
£884
£911
£655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
355
health
-
-
-
27
national
-
-
-
391
total
-
-
-
773
Employee
468
-
1 683
-
municipal
77
-
274
-
national
8
-
250
-
pensions
32
-
114
-
unemployment
7
-
25
-
health
3
-
22
-
total
127
-
685
-
Employer
468
-
1 683
-
pensions
81
-
292
-
unemployment
3
-
11
-
accident
-
-
2
-
health
4
-
13
-
total
88
-
318
-
Corporate
1 444
2 000
-
-
income
289
400
-
-
total
289
400
-
-
Dividends

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

866
1 200
-
-
municipal
156
216
-
-
national
87
158
-
-
total
243
374
-
-
Income
2 000
2 000
2 000
2 000
Total tax
747
774
1 003
773
After tax
1 253
1 226
997
1 227
Living cost
342
342
342
342
Free-cash
911
884
655
885

Estimated living cost  is £342 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1139
£1251
£1204
£1122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
51
social contributions
-
-
-
144
income
-
-
-
460
total
-
-
-
655
Employee
684
684
1 888
-
social contributions
26
57
77
-
income
74
63
451
-
health
5
12
32
-
total
105
132
560
-
Employer
684
684
1 888
-
social contributions
26
57
77
-
health
6
13
35
-
total
32
70
112
-
Corporate
1 657
1 246
-
-
income
207
156
-
-
total
207
156
-
-
Dividends
1 450
1 091
-
-
withholding
246
185
-
-
total
246
185
-
-
Income
2 000
2 000
2 000
2 000
Total tax
590
543
672
655
After tax
1 410
1 457
1 328
1 345
Living cost
206
206
206
206
Free-cash
1 204
1 251
1 122
1 139

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1563
£1515
£1470
£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

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
pensions
-
-
-
57
health
-
-
-
32
unemployment
-
-
-
-
income
-
-
-
207
total
-
-
-
296
Employee

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

204
-
1 913
-
pensions
31
-
127
-
unemployment
1
-
4
-
income
14
-
185
-
health
17
-
72
-
total
63
-
388
-
Employer

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

204
-
1 913
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 775
2 000
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 615
1 820
-
-
withholding
145
164
-
-
total
145
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
389
344
474
296
After tax
1 611
1 656
1 526
1 704
Living cost
141
141
141
141
Free-cash
1 470
1 515
1 385
1 563

Estimated living cost  is £141 per week

£90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£873
£1083
£1044
£834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
233
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
635
total
-
-
-
882
Employee
329
-
1 737
-
pensions
15
-
39
-
other
-
-
1
-
unemployment
5
-
13
-
income
63
-
605
-
total
83
-
658
-
Employer
329
-
1 737
-
pensions
78
-
195
-
other
3
-
7
-
unemployment
18
-
45
-
accident
7
-
16
-
total
106
-
263
-
Corporate
1 566
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.

235
300
-
-
total
235
300
-
-
Dividends
1 331
1 700
-
-
withholding
287
372
-
-
total
287
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
711
672
921
882
After tax
1 289
1 328
1 079
1 118
Living cost
245
245
245
245
Free-cash
1 044
1 083
834
873

Estimated living cost  is £245 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1273
£1231
£1228
£1271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13
health
-
-
-
9
income
-
-
-
688
total
-
-
-
710
Employee
26
-
1 986
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
688
-
health
1
-
3
-
total
8
-
698
-
Employer
26
-
1 986
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
3
-
6
-
total
7
-
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
755
752
712
710
After tax
1 245
1 248
1 288
1 290
Living cost
17
17
17
17
Free-cash
1 228
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
£1134
£1291
£1247
£1134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
171
health
-
-
-
68
unemployment
-
-
-
10
income
-
-
-
463
total
-
-
-
712
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.

232
-
1 882
-
pensions
32
-
92
-
unemployment
2
-
5
-
income
32
-
463
-
health
12
-
34
-
total
78
-
594
-
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.

232
-
1 882
-
pensions
28
-
79
-
unemployment
2
-
5
-
health
12
-
34
-
total
42
-
118
-
Corporate
1 727
2 000
-
-
income
259
300
-
-
total
259
300
-
-
Dividends
1 468
1 700
-
-
withholding
220
255
-
-
total
220
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
555
712
712
After tax
1 401
1 445
1 288
1 288
Living cost
154
154
154
154
Free-cash
1 247
1 291
1 134
1 134

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£803
£898
£895
£647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
-
social contributions

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

-
-
-
695
income
-
-
-
262
total
-
-
-
957
Employee
345
-
1 616
-
social contributions
38
-
178
-
surtax
-
-
2
-
income
67
-
549
-
total
105
-
729
-
Employer
345
-
1 616
-
social contributions
82
-
384
-
total
82
-
384
-
Corporate
1 573
2 000
-
-
income
330
420
-
-
surtax
-
-
-
-
total
330
420
-
-
Dividends
1 242
1 580
-
-
withholding
348
442
-
-
total
348
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
865
862
1 113
957
After tax
1 135
1 138
887
1 043
Living cost
240
240
240
240
Free-cash
895
898
647
803

Estimated living cost  is £240 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£805
£1015
£957
£766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
233
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
635
total
-
-
-
882
Employee
430
-
1 737
-
pensions
20
-
39
-
other
-
-
1
-
unemployment
7
-
13
-
income
90
-
605
-
total
117
-
658
-
Employer
430
-
1 737
-
pensions
101
-
195
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
137
-
263
-
Corporate
1 433
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.

215
300
-
-
total
215
300
-
-
Dividends
1 218
1 700
-
-
withholding
261
372
-
-
total
261
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
730
672
921
882
After tax
1 270
1 328
1 079
1 118
Living cost
313
313
313
313
Free-cash
957
1 015
766
805

Estimated living cost  is £313 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1464
£1557
£1504
£1549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
46
health
-
-
-
36
unemployment
-
-
-
1
income
-
-
-
300
total
-
-
-
383
Employee
203
-
1 939
-
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
203
-
1 939
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 758
2 000
-
-
income
176
200
-
-
total
176
200
-
-
Dividends
1 582
1 800
-
-
withholding
79
90
-
-
total
79
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
343
290
298
383
After tax
1 657
1 710
1 702
1 617
Living cost
153
153
153
153
Free-cash
1 504
1 557
1 549
1 464

Estimated living cost  is £153 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£665
£686
£801
£893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
228
health

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

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

-
-
-
61
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
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.

-
-
-
666
total
-
-
-
992
Employee

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

443
-
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
-
666
-
health

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

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

61
-
61
-
total
99
-
764
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 557
2 000
-
-
trade
223
287
-
-
income
234
300
-
-
chamber of commerce
4
4
-
-
surtax

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

13
16
-
-
total
474
607
-
-
Dividends
1 084
1 392
-
-
withholding
268
345
-
-
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
-
-
total
283
364
-
-
Income
2 000
2 000
2 000
2 000
Total tax
856
971
764
992
After tax
1 144
1 029
1 236
1 008
Living cost
343
343
343
343
Free-cash
801
686
893
665

Estimated living cost  is £343 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£496
£893
£913
£496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
344
income
-
-
-
653
total
-
-
-
997
Employee
696
-
2 000
-
social contributions
58
-
344
-
income
131
-
653
-
total
189
-
997
-
Employer
696
-
2 000
-
total
-
-
-
-
Corporate
1 304
2 000
-
-
income
163
250
-
-
total
163
250
-
-
Dividends
1 141
1 750
-
-
withholding
228
350
-
-
total
228
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
600
997
997
After tax
1 420
1 400
1 003
1 003
Living cost
507
507
507
507
Free-cash
913
893
496
496

Estimated living cost  is £507 per week

£386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1322
£930
£961
£1072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
55
income
-
-
-
300
total
-
-
-
355
Employee
408
-
1 959
-
social contributions
41
-
41
-
income
44
-
523
-
total
85
-
564
-
Employer
408
-
1 959
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 551
2 000
-
-
income
543
700
-
-
total
543
700
-
-
Dividends
1 008
1 300
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 000
2 000
2 000
2 000
Total tax
716
747
605
355
After tax
1 284
1 253
1 395
1 645
Living cost
323
323
323
323
Free-cash
961
930
1 072
1 322

Estimated living cost  is £323 per week

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

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
88
income
-
-
-
621
total
-
-
-
709
Employee
445
-
1 743
-
pensions
34
-
105
-
income
81
-
502
-
health
6
-
23
-
total
121
-
630
-
Employer
445
-
1 743
-
pensions
45
-
224
-
health
8
-
33
-
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
£1150
-£54
£128
£885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
38
health
-
-
-
20
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
571
total
-
-
-
634
Employee
339
-
1 825
-
pensions
38
-
69
-
income
47
-
446
-
health
39
-
209
-
total
124
-
724
-
Employer
339
-
1 825
-
pensions
55
-
100
-
unemployment
8
-
45
-
accident
6
-
30
-
total
69
-
175
-
Corporate
1 592
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.

1 433
1 800
-
-
total
1 433
1 800
-
-
Dividends
159
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 656
1 838
899
634
After tax
344
162
1 101
1 366
Living cost
216
216
216
216
Free-cash
128
-54
885
1 150

Estimated living cost  is £216 per week

£158
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.
£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
£1154
£1410
£1384
£1347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
pensions
-
-
-
261
health insurance
-
-
-
105
work injury
-
-
-
7
unemployment
-
-
-
17
income
-
-
-
336
total
-
-
-
726
Employee

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

192
-
2 000
-
pensions
35
-
131
-
health insurance
14
-
53
-
unemployment
2
-
9
-
income
19
-
336
-
work injury
1
-
4
-
total
71
-
533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 808
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
1 627
1 800
-
-
withholding
244
270
-
-
total
244
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
496
470
533
726
After tax
1 504
1 530
1 467
1 274
Living cost
120
120
120
120
Free-cash
1 384
1 410
1 347
1 154

Estimated living cost  is £120 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
£585
£700
£660
£511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14
regional
-
-
-
49
social contributions
-
-
-
445
national
-
-
-
553
total
-
-
-
1 061
Employee
750
-
2 000
-
social contributions
253
-
584
-
municipal
4
-
13
-
regional
11
-
44
-
national
127
-
494
-
total
395
-
1 135
-
Employer
750
-
2 000
-
total
-
-
-
-
Corporate
1 250
2 000
-
-
nationa
300
480
-
-
municipal
60
96
-
-
total
360
576
-
-
Dividends
890
1 424
-
-
withholding
231
370
-
-
total
231
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
986
946
1 135
1 061
After tax
1 014
1 054
865
939
Living cost
354
354
354
354
Free-cash
660
700
511
585

Estimated living cost  is £354 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close