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
£968
£741
£717
£839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
health

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

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

-
-
-
60
income

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

-
-
-
668
surtax

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

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

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

337
-
2 000
-
surtax

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

1
-
37
-
income

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

9
-
668
-
health

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

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

60
-
60
-
total
70
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 663
2 000
-
-
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
-
-
trade
262
315
-
-
income
249
300
-
-
total
529
635
-
-
Dividends
1 134
1 364
-
-
surtax

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

15
19
-
-
withholding
280
338
-
-
total
295
357
-
-
Income
2 000
2 000
2 000
2 000
Total tax
894
992
765
1 016
After tax
1 106
1 008
1 235
984
Living cost
267
267
267
267
Free-cash
839
741
968
717

Estimated living cost  is £267 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£689
£783
£679
£775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
21
pensions
-
-
-
240
national
-
-
-
373
municipal
-
-
-
222
total
-
-
-
856
Employee
720
-
1 729
-
municipal
89
-
230
-
national
138
-
390
-
pensions
29
-
69
-
total
256
-
689
-
Employer
720
-
1 729
-
pensions
58
-
138
-
social contributions
8
-
19
-
total
66
-
157
-
Corporate
1 167
2 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

233
400
-
-
total
233
400
-
-
Dividends
934
1 600
-
-
withholding
205
352
-
-
total
205
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
760
752
846
856
After tax
1 240
1 248
1 154
1 144
Living cost
465
465
465
465
Free-cash
775
783
689
679

Estimated living cost  is £465 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£688
£1417
£546
£1345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 000
social contributions

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

-
-
-
337
income
-
-
-
424
surtax
-
-
-
510
microenterprise
-
-
-
-
total
-
-
-
1 271
Employee
257
-
1 574
-
surtax
-
-
228
-
social contributions

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

28
-
115
-
income
46
-
360
-
total
74
-
703
-
Employer
257
-
1 574
-
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.

62
-
253
-
total
62
-
426
-
Corporate
1 681
2 000
-
-
income

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

336
400
-
-
total
336
400
-
-
Dividends

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

1 345
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
472
400
1 129
1 271
After tax
1 528
1 600
871
729
Living cost
183
183
183
183
Free-cash
1 345
1 417
688
546

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£909
£629
£704
£576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
health
-
-
-
109
income
-
-
-
715
pensions
-
-
-
103
total
-
-
-
927
Employee
752
752
1 836
-
income

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

123
123
346
-
pensions
135
103
103
-
health
115
98
109
-
total
373
324
558
-
Employer
752
752
1 836
-
unemployment
27
27
34
-
health
52
52
65
-
pensions
52
52
65
-
total
131
131
164
-
Corporate
1 126
1 116
-
-
income
225
223
-
-
total
225
223
-
-
Dividends
900
893
-
-
income
191
190
-
-
withholding
135
134
-
-
total
326
324
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 055
1 002
722
927
After tax
945
998
1 278
1 073
Living cost
369
369
369
369
Free-cash
576
629
909
704

Estimated living cost  is £369 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£630
£729
£639
£721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
92
health
-
-
-
50
accident
-
-
-
2
pensions
-
-
-
86
national
-
-
-
239
unemployment
-
-
-
1
municipal
-
-
-
528
total
-
-
-
998
Employee
517
-
1 750
-
municipal
154
-
522
-
national
-
-
235
-
total
154
-
757
-
Employer
517
-
1 750
-
other
60
-
92
-
unemployment
14
-
21
-
health
32
-
49
-
accident
1
-
2
-
pensions
56
-
86
-
total
163
-
250
-
Corporate
1 320
2 000
-
-
income
290
440
-
-
total
290
440
-
-
Dividends
1 030
1 560
-
-
withholding
309
468
-
-
total
309
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
916
908
1 007
998
After tax
1 084
1 092
993
1 002
Living cost
363
363
363
363
Free-cash
721
729
630
639

Estimated living cost  is £363 per week

£241
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£889
£653
£627
£775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

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

-
-
-
60
income

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

-
-
-
668
surtax

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

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

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

447
-
2 000
-
surtax

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

2
-
37
-
income

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

38
-
668
-
health

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

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

60
-
60
-
total
100
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 553
2 000
-
-
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
-
-
trade
256
329
-
-
income
233
300
-
-
total
506
649
-
-
Dividends
1 049
1 350
-
-
surtax

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

14
18
-
-
withholding
259
334
-
-
total
273
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
879
1 001
765
1 027
After tax
1 121
999
1 235
973
Living cost
346
346
346
346
Free-cash
775
653
889
627

Estimated living cost  is £346 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1042
£1170
£1059
£1135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
142
health
-
-
-
51
income
-
-
-
462
total
-
-
-
655
Employee
677
677
1 889
-
social contributions
33
56
76
-
income
71
63
453
-
health
7
12
32
-
total
111
131
561
-
Employer
677
677
1 889
-
health
7
13
35
-
social contributions
33
56
76
-
total
40
69
111
-
Corporate
1 563
1 254
-
-
income
195
157
-
-
total
195
157
-
-
Dividends
1 368
1 097
-
-
withholding
233
187
-
-
total
233
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
579
544
672
655
After tax
1 421
1 456
1 328
1 345
Living cost
286
286
286
286
Free-cash
1 135
1 170
1 042
1 059

Estimated living cost  is £286 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£998
£961
£1224
£963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
244
pensions
-
-
-
200
unemployment
-
-
-
30
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.

234
93
1 674
-
income
29
11
205
-
pensions
23
9
167
-
health
16
7
117
-
unemployment
4
1
25
-
total
72
28
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.

234
93
1 674
-
pensions
46
18
326
-
total
46
18
326
-
Corporate
1 721
1 889
-
-
income
155
170
-
-
total
155
170
-
-
Dividends
1 566
1 719
-
-
social contributions
304
334
-
-
withholding
298
327
-
-
total
602
661
-
-
Income
2 000
2 000
2 000
2 000
Total tax
875
877
840
614
After tax
1 125
1 123
1 160
1 386
Living cost
162
162
162
162
Free-cash
963
961
998
1 224

Estimated living cost  is £162 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£940
£1387
£859
£1333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
260
income
-
-
-
268
pensions
-
-
-
400
total
-
-
-
928
Employee
250
-
1 495
-
income
28
-
288
-
pensions
5
-
30
-
unemployment
4
-
24
-
total
37
-
342
-
Employer
250
-
1 495
-
unemployment
2
-
12
-
health
32
-
194
-
pensions
50
-
299
-
total
84
-
505
-
Corporate
1 666
2 000
-
-
income
333
400
-
-
total
333
400
-
-
Dividends
1 333
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
454
400
847
928
After tax
1 546
1 600
1 153
1 072
Living cost
213
213
213
213
Free-cash
1 333
1 387
940
859

Estimated living cost  is £213 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£908
-£32
£1172
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
573
pensions
-
-
-
37
total
-
-
-
634
Employee
306
-
1 827
-
income
42
-
449
-
pensions
34
-
67
-
health
35
-
209
-
total
111
-
725
-
Employer
306
-
1 827
-
unemployment
7
-
45
-
accident
5
-
31
-
pensions
50
-
97
-
total
62
-
173
-
Corporate
1 632
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.

1 469
1 800
-
-
total
1 469
1 800
-
-
Dividends
163
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 673
1 838
898
634
After tax
327
162
1 102
1 366
Living cost
194
194
194
194
Free-cash
133
-32
908
1 172

Estimated living cost  is £194 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1526
£1826
£1906
£1813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
92
-
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%.

1 908
2 000
-
-
total
-
-
-
-
Dividends
1 908
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
74
74
74
74
Free-cash
1 813
1 826
1 526
1 906

Estimated living cost  is £74 per week

£46
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
£953
£1234
£969
£1177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
64
health
-
-
-
59
income
-
-
-
352
pensions

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

-
-
-
321
total
-
-
-
796
Employee
320
-
1 660
-
income
55
-
346
-
pensions

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

22
-
94
-
health
4
-
19
-
unemployment
3
-
13
-
total
84
-
472
-
Employer
320
-
1 660
-
other
16
-
67
-
unemployment
3
-
13
-
health
4
-
19
-
accident
3
-
13
-
pensions

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

54
-
228
-
total
80
-
340
-
Corporate
1 600
2 000
-
-
income
336
420
-
-
total
336
420
-
-
Dividends
1 264
1 580
-
-
withholding
88
111
-
-
total
88
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
588
531
812
796
After tax
1 412
1 469
1 188
1 204
Living cost
235
235
235
235
Free-cash
1 177
1 234
953
969

Estimated living cost  is £235 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
621
pensions
-
-
-
88
total
-
-
-
709
Employee
826
-
1 743
-
income
149
-
502
-
health
14
-
23
-
pensions
80
-
105
-
total
243
-
630
-
Employer
826
-
1 743
-
health
16
-
33
-
pensions
98
-
224
-
total
114
-
257
-
Corporate
1 060
2 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£1587
£1595
£1504
£1554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
300
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
381
Employee
152
-
1 940
-
income
15
-
194
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
health
7
-
14
-
total
37
-
238
-
Employer
152
-
1 940
-
unemployment
1
-
2
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
total
30
-
60
-
Corporate
1 818
2 000
-
-
income
182
200
-
-
total
182
200
-
-
Dividends
1 637
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
331
290
298
381
After tax
1 669
1 710
1 702
1 619
Living cost
115
115
115
115
Free-cash
1 554
1 595
1 587
1 504

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£790
£510
£585
£531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
health
-
-
-
109
income
-
-
-
715
pensions
-
-
-
103
total
-
-
-
927
Employee
816
752
1 836
-
income

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

123
123
346
-
pensions
103
103
103
-
health
102
98
109
-
total
328
324
558
-
Employer
816
752
1 836
-
unemployment
29
27
34
-
health
57
52
65
-
pensions
57
52
65
-
total
143
131
164
-
Corporate
1 041
1 116
-
-
income
208
223
-
-
total
208
223
-
-
Dividends
833
893
-
-
income
177
190
-
-
withholding
125
134
-
-
total
302
324
-
-
Income
2 000
2 000
2 000
2 000
Total tax
981
1 002
722
927
After tax
1 019
998
1 278
1 073
Living cost
488
488
488
488
Free-cash
531
510
790
585

Estimated living cost  is £488 per week

£360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£876
£1160
£963
£1082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
health
-
-
-
270
income
-
-
-
213
solidarity contribution
-
-
-
25
total
-
-
-
820
Employee
319
-
1 590
-
social contributions
21
-
69
-
solidarity contribution
-
-
17
-
income
38
-
196
-
health
43
-
215
-
total
102
-
497
-
Employer
319
-
1 590
-
health
29
-
143
-
social contributions
80
-
267
-
total
109
-
410
-
Corporate
1 573
2 000
-
-
income
299
380
-
-
total
299
380
-
-
Dividends
1 274
1 620
-
-
withholding
191
243
-
-
total
191
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
701
623
907
820
After tax
1 299
1 377
1 093
1 180
Living cost
217
217
217
217
Free-cash
1 082
1 160
876
963

Estimated living cost  is £217 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£519
£695
£594
£650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
441
national
-
-
-
556
regional
-
-
-
25
municipal
-
-
-
12
total
-
-
-
1 034
Employee
783
-
2 000
-
social contributions
264
-
578
-
municipal
4
-
11
-
national
136
-
497
-
regional
7
-
23
-
total
411
-
1 109
-
Employer
783
-
2 000
-
total
-
-
-
-
Corporate
1 217
2 000
-
-
nationa
292
480
-
-
municipal
47
78
-
-
total
339
558
-
-
Dividends
878
1 442
-
-
withholding
228
375
-
-
total
228
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
978
933
1 109
1 034
After tax
1 022
1 067
891
966
Living cost
372
372
372
372
Free-cash
650
695
519
594

Estimated living cost  is £372 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£694
£1064
£747
£1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
-
health
-
-
-
83
income
-
-
-
632
pensions
-
-
-
235
surtax
-
-
-
107
unemployment
-
-
-
2
total
-
-
-
1 059
Employee
291
-
1 753
-
surtax
1
-
96
-
income
49
-
579
-
other
-
-
-
-
pensions
19
-
78
-
health
7
-
30
-
unemployment
20
-
82
-
total
96
-
865
-
Employer
291
-
1 753
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
157
-
total
61
-
247
-
Corporate
1 648
2 000
-
-
income
428
520
-
-
total
428
520
-
-
Dividends
1 219
1 480
-
-
withholding
183
222
-
-
total
183
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
768
742
1 112
1 059
After tax
1 232
1 258
888
941
Living cost
194
194
194
194
Free-cash
1 038
1 064
694
747

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
£808
£208
£884
£510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
40
health
-
-
-
5
pensions
-
-
-
184
city
-
-
-
21
national
-
-
-
49
regional
-
-
-
110
total
-
-
-
409
Employee
827
-
1 798
-
national
4
-
40
-
city
9
-
19
-
pensions
69
-
142
-
health
2
-
4
-
regional
27
-
98
-
unemployment
-
-
-
-
total
111
-
303
-
Employer
827
-
1 798
-
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
-
pensions
69
-
142
-
total
88
-
182
-
Corporate
1 076
2 000
-
-
regional
228
423
-
-
national
91
170
-
-
total
319
593
-
-
Dividends
757
1 407
-
-
withholding
265
492
-
-
total
265
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
707
707
707
707
Free-cash
510
208
808
884

Estimated living cost  is £707 per week

£459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£832
£585
£559
£729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

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

-
-
-
60
income

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

-
-
-
668
surtax

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

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

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

529
-
2 000
-
surtax

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

3
-
37
-
income

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

62
-
668
-
health

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

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

60
-
60
-
total
125
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 471
2 000
-
-
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
-
-
trade
252
343
-
-
income
221
300
-
-
total
488
663
-
-
Dividends
982
1 336
-
-
surtax

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

13
18
-
-
withholding
242
331
-
-
total
255
349
-
-
Income
2 000
2 000
2 000
2 000
Total tax
868
1 012
765
1 038
After tax
1 132
988
1 235
962
Living cost
403
403
403
403
Free-cash
729
585
832
559

Estimated living cost  is £403 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£731
£707
£791
£759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
99
income
-
-
-
376
pensions
-
-
-
314
surtax
-
-
-
-
total
-
-
-
908
Employee
377
-
1 525
-
surtax
-
-
-
-
social contributions
11
-
43
-
income
22
-
333
-
pensions
43
-
116
-
total
76
-
492
-
Employer
377
-
1 525
-
other
13
-
64
-
unemployment
15
-
62
-
health
26
-
152
-
pensions
62
-
193
-
social contributions
1
-
5
-
total
117
-
476
-
Corporate
1 505
2 000
-
-
surtax
-
-
-
-
income
422
560
-
-
total
422
560
-
-
Dividends
1 084
1 440
-
-
social contributions
186
248
-
-
surtax
-
-
-
-
withholding
139
184
-
-
total
325
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
940
992
968
908
After tax
1 060
1 008
1 032
1 092
Living cost
301
301
301
301
Free-cash
759
707
731
791

Estimated living cost  is £301 per week

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

Source of data for Nice model

Close
Marseille , France
£761
£737
£821
£785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
99
income
-
-
-
376
pensions
-
-
-
314
surtax
-
-
-
-
total
-
-
-
908
Employee
336
-
1 525
-
surtax
-
-
-
-
social contributions
10
-
43
-
income
17
-
333
-
pensions
38
-
116
-
total
65
-
492
-
Employer
336
-
1 525
-
other
12
-
64
-
unemployment
14
-
62
-
health
24
-
152
-
pensions
55
-
193
-
social contributions
1
-
5
-
total
106
-
476
-
Corporate
1 559
2 000
-
-
surtax
-
-
-
-
income
436
560
-
-
total
436
560
-
-
Dividends
1 122
1 440
-
-
social contributions
193
248
-
-
surtax
-
-
-
-
withholding
144
184
-
-
total
337
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
944
992
968
908
After tax
1 056
1 008
1 032
1 092
Living cost
271
271
271
271
Free-cash
785
737
761
821

Estimated living cost  is £271 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1043
£1033
£1097
£1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
276
health
-
-
-
140
income
-
-
-
300
total
-
-
-
716
Employee
299
-
2 000
-
social contributions
41
-
276
-
income
50
-
354
-
health
21
-
140
-
total
112
-
770
-
Employer
299
-
2 000
-
total
-
-
-
-
Corporate
1 701
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
1 616
1 900
-
-
social contributions
223
262
-
-
withholding
242
285
-
-
health
113
133
-
-
total
578
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
775
780
770
716
After tax
1 225
1 220
1 230
1 284
Living cost
187
187
187
187
Free-cash
1 038
1 033
1 043
1 097

Estimated living cost  is £187 per week

£125
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
£214
£789
£714
£779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
health
-
-
-
79
income
-
-
-
643
chamber of commerce
-
-
-
8
pensions
-
-
-
190
surtax
-
-
-
2
unemployment
-
-
-
54
total
-
-
-
976
Employee
440
351
1 656
-
income
50
26
540
-
other
4
4
10
-
pensions
45
36
105
-
health
17
14
40
-
unemployment
13
11
31
-
total
129
91
726
-
Employer
440
351
1 656
-
other
21
17
73
-
unemployment
13
11
31
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
129
-
payroll
13
11
50
-
chamber of commerce
2
1
7
-
total
129
104
344
-
Corporate
1 432
1 546
1 623
-
income

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

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

358
387
406
-
total
358
387
406
-
Dividends
1 074
1 160
-
-
withholding
295
319
-
-
total
295
319
-
-
Income
2 000
2 000
2 000
2 000
Total tax
911
901
1 476
976
After tax
1 089
1 099
524
1 024
Living cost
310
310
310
310
Free-cash
779
789
214
714

Estimated living cost  is £310 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£358
£775
£548
£665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
220
communal

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

-
-
-
107
national
-
-
-
804
total
-
-
-
1 131
Employee

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

630
-
1 549
-
national
194
-
587
-
pensions

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

47
-
116
-
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
-
communal

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

33
-
81
-
unemployment

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

5
-
13
-
total
309
-
870
-
Employer

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

630
-
1 549
-
unemployment

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

9
-
23
-
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
-
surtax
71
-
176
-
accident

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

8
-
20
-
pensions

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

56
-
137
-
total
183
-
451
-
Corporate
1 187
2 000
-
-
surtax
5
9
-
-
income
237
430
-
-
total
242
439
-
-
Dividends
945
1 562
-
-
withholding

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

280
465
-
-
total
280
465
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 014
904
1 321
1 131
After tax
986
1 096
679
869
Living cost
321
321
321
321
Free-cash
665
775
358
548

Estimated living cost  is £321 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£761
£1010
£799
£951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
638
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
883
Employee
438
-
1 740
-
income
92
-
608
-
other
-
-
1
-
pensions
21
-
38
-
unemployment
7
-
13
-
total
120
-
660
-
Employer
438
-
1 740
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
pensions
103
-
193
-
total
139
-
261
-
Corporate
1 422
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.

213
300
-
-
total
213
300
-
-
Dividends
1 209
1 700
-
-
withholding
259
372
-
-
total
259
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
731
672
921
883
After tax
1 269
1 328
1 079
1 117
Living cost
318
318
318
318
Free-cash
951
1 010
761
799

Estimated living cost  is £318 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£540
£652
£459
£532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
141
accident
-
-
-
17
income
-
-
-
379
pensions
-
-
-
300
communal
-
-
-
126
surtax
-
-
-
99
total
-
-
-
1 062
Employee
667
-
1 787
-
surtax
41
-
109
-
income
64
-
436
-
pensions
53
-
143
-
health
30
-
80
-
total
188
-
768
-
Employer
667
-
1 787
-
health
20
-
54
-
accident
6
-
16
-
pensions
53
-
143
-
total
79
-
213
-
Corporate
1 254
2 000
-
-
surtax
13
21
-
-
income
188
300
-
-
communal
85
135
-
-
total
286
456
-
-
Dividends
968
1 544
-
-
income
291
181
-
-
withholding
145
232
-
-
total
436
413
-
-
Income
2 000
2 000
2 000
2 000
Total tax
989
869
981
1 062
After tax
1 011
1 131
1 019
938
Living cost
479
479
479
479
Free-cash
532
652
540
459

Estimated living cost  is £479 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£690
£1060
£743
£1031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
-
health
-
-
-
83
income
-
-
-
632
pensions
-
-
-
235
surtax
-
-
-
107
unemployment
-
-
-
2
total
-
-
-
1 059
Employee
297
-
1 753
-
surtax
1
-
96
-
income
50
-
579
-
other
-
-
-
-
pensions
20
-
78
-
health
8
-
30
-
unemployment
21
-
82
-
total
100
-
865
-
Employer
297
-
1 753
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
40
-
157
-
total
62
-
247
-
Corporate
1 641
2 000
-
-
income
427
520
-
-
total
427
520
-
-
Dividends
1 214
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
771
742
1 112
1 059
After tax
1 229
1 258
888
941
Living cost
198
198
198
198
Free-cash
1 031
1 060
690
743

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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
£648
£815
£722
£794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
441
national
-
-
-
556
regional
-
-
-
32
municipal
-
-
-
12
total
-
-
-
1 041
Employee
488
-
2 000
-
social contributions
165
-
578
-
municipal
3
-
11
-
national
77
-
497
-
regional
7
-
29
-
total
252
-
1 115
-
Employer
488
-
2 000
-
total
-
-
-
-
Corporate
1 512
2 000
-
-
nationa
363
480
-
-
municipal
75
99
-
-
total
438
579
-
-
Dividends
1 074
1 421
-
-
withholding
279
369
-
-
total
279
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
969
948
1 115
1 041
After tax
1 031
1 052
885
959
Living cost
237
237
237
237
Free-cash
794
815
648
722

Estimated living cost  is £237 per week

£148
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
£826
£1110
£913
£1015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
312
health
-
-
-
270
income
-
-
-
213
solidarity contribution
-
-
-
25
total
-
-
-
820
Employee
393
-
1 590
-
social contributions
26
-
69
-
solidarity contribution
-
-
17
-
income
47
-
196
-
health
53
-
215
-
total
126
-
497
-
Employer
393
-
1 590
-
health
35
-
143
-
social contributions
98
-
267
-
total
133
-
410
-
Corporate
1 474
2 000
-
-
income
280
380
-
-
total
280
380
-
-
Dividends
1 194
1 620
-
-
withholding
179
243
-
-
total
179
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
718
623
907
820
After tax
1 282
1 377
1 093
1 180
Living cost
267
267
267
267
Free-cash
1 015
1 110
826
913

Estimated living cost  is £267 per week

£199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£244
£820
£745
£817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
health
-
-
-
79
income
-
-
-
643
chamber of commerce
-
-
-
8
pensions
-
-
-
190
surtax
-
-
-
-
unemployment
-
-
-
54
total
-
-
-
974
Employee
385
351
1 658
-
income
34
26
541
-
other
4
4
10
-
pensions
39
36
105
-
health
15
14
40
-
unemployment
12
11
31
-
total
104
91
727
-
Employer
385
351
1 658
-
other
18
17
73
-
unemployment
12
11
31
-
health
15
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
129
-
payroll
12
11
50
-
chamber of commerce
2
1
7
-
total
112
102
342
-
Corporate
1 504
1 548
1 625
-
income

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

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

376
387
406
-
total
376
387
406
-
Dividends
1 128
1 161
-
-
withholding
310
319
-
-
total
310
319
-
-
Income
2 000
2 000
2 000
2 000
Total tax
902
899
1 475
974
After tax
1 098
1 101
525
1 026
Living cost
281
281
281
281
Free-cash
817
820
244
745

Estimated living cost  is £281 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1485
£1785
£1865
£1763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
143
-
2 000
-
income
29
-
400
-
total
29
-
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%.

1 857
2 000
-
-
total
-
-
-
-
Dividends
1 857
2 000
-
-
withholding
93
100
-
-
total
93
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
122
100
400
20
After tax
1 878
1 900
1 600
1 980
Living cost
115
115
115
115
Free-cash
1 763
1 785
1 485
1 865

Estimated living cost  is £115 per week

£78
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
£648
£1141
£691
£1069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
197
income
-
-
-
508
pensions
-
-
-
365
unemployment
-
-
-
3
total
-
-
-
1 073
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

389
-
1 731
-
income
67
-
465
-
pensions
60
-
268
-
health
25
-
112
-
unemployment
1
-
2
-
total
153
-
847
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

389
-
1 731
-
unemployment
-
-
1
-
health
26
-
115
-
pensions
34
-
153
-
total
60
-
269
-
Corporate
1 550
2 000
-
-
income
294
380
-
-
total
294
380
-
-
Dividends
1 256
1 620
-
-
withholding
188
243
-
-
total
188
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
695
623
1 116
1 073
After tax
1 305
1 377
884
927
Living cost
236
236
236
236
Free-cash
1 069
1 141
648
691

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1478
£817
£982
£377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
573
-
-
-
social contributions
47
-
7
-
income
126
-
-
-
total
173
-
7
-
Employer
573
-
-
-
social contributions
808
-
115
-
total
808
-
115
-
Corporate
619
2 000
-
-
income
136
440
-
-
total
136
440
-
-
Dividends
483
1 560
-
-
income
106
343
-
-
total
106
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 223
783
122
618
After tax
777
1 217
1 878
1 382
Living cost
400
400
400
400
Free-cash
377
817
1 478
982

Estimated living cost  is £400 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Oslo model

Close
Lisbon , Portugal
£609
£862
£766
£852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
695
income
-
-
-
263
surtax
-
-
-
-
total
-
-
-
958
Employee
405
-
1 616
-
surtax
-
-
3
-
social contributions
45
-
178
-
income
84
-
550
-
total
129
-
731
-
Employer
405
-
1 616
-
social contributions
96
-
384
-
total
96
-
384
-
Corporate
1 499
2 000
-
-
surtax
-
-
-
-
income
315
420
-
-
total
315
420
-
-
Dividends
1 184
1 580
-
-
withholding
332
442
-
-
total
332
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
872
862
1 115
958
After tax
1 128
1 138
885
1 042
Living cost
276
276
276
276
Free-cash
852
862
609
766

Estimated living cost  is £276 per week

£207
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
£607
£583
£667
£643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
99
income
-
-
-
376
pensions
-
-
-
314
surtax
-
-
-
-
total
-
-
-
908
Employee
551
-
1 525
-
surtax
-
-
-
-
social contributions
16
-
43
-
income
48
-
333
-
pensions
62
-
116
-
total
126
-
492
-
Employer
551
-
1 525
-
other
19
-
64
-
unemployment
22
-
62
-
health
39
-
152
-
pensions
91
-
193
-
social contributions
2
-
5
-
total
173
-
476
-
Corporate
1 276
2 000
-
-
surtax
-
-
-
-
income
357
560
-
-
total
357
560
-
-
Dividends
919
1 440
-
-
social contributions
158
248
-
-
surtax
-
-
-
-
withholding
118
184
-
-
total
276
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
932
992
968
908
After tax
1 068
1 008
1 032
1 092
Living cost
425
425
425
425
Free-cash
643
583
607
667

Estimated living cost  is £425 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1246
£1535
£1192
£1506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
103
social contributions
-
-
-
440
total
-
-
-
543
Employee
283
-
1 732
-
income
-
-
108
-
social contributions
18
-
113
-
total
18
-
221
-
Employer
283
-
1 732
-
social contributions
44
-
268
-
total
44
-
268
-
Corporate
1 673
2 000
-
-
income
167
200
-
-
total
167
200
-
-
Dividends
1 506
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
229
200
489
543
After tax
1 771
1 800
1 511
1 457
Living cost
265
265
265
265
Free-cash
1 506
1 535
1 246
1 192

Estimated living cost  is £265 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£86
£86
£730
£49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is £423 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
£910
-£30
£1174
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
573
pensions
-
-
-
37
total
-
-
-
634
Employee
301
-
1 827
-
income
41
-
449
-
pensions
34
-
67
-
health
35
-
209
-
total
110
-
725
-
Employer
301
-
1 827
-
unemployment
7
-
45
-
accident
5
-
31
-
pensions
49
-
97
-
total
61
-
173
-
Corporate
1 637
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.

1 473
1 800
-
-
total
1 473
1 800
-
-
Dividends
164
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 675
1 838
898
634
After tax
325
162
1 102
1 366
Living cost
192
192
192
192
Free-cash
133
-30
910
1 174

Estimated living cost  is £192 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£657
£887
£887
£915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
health
-
-
-
27
national
-
-
-
393
municipal
-
-
-
355
total
-
-
-
775
Employee
463
-
1 683
-
municipal
76
-
274
-
national
8
-
252
-
pensions
31
-
114
-
health
3
-
22
-
unemployment
7
-
25
-
total
125
-
687
-
Employer
463
-
1 683
-
unemployment
3
-
11
-
health
4
-
13
-
accident
-
-
2
-
pensions
80
-
292
-
total
87
-
318
-
Corporate
1 449
2 000
-
-
income
290
400
-
-
total
290
400
-
-
Dividends

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

870
1 200
-
-
national
88
159
-
-
municipal
157
216
-
-
total
245
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
747
775
1 005
775
After tax
1 253
1 225
995
1 225
Living cost
338
338
338
338
Free-cash
915
887
657
887

Estimated living cost  is £338 per week

£221
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1124
£1252
£1141
£1204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
51
income
-
-
-
462
total
-
-
-
655
Employee
677
677
1 889
-
social contributions
26
56
76
-
income
74
63
453
-
health
5
12
32
-
total
105
131
561
-
Employer
677
677
1 889
-
health
6
13
35
-
social contributions
26
56
76
-
total
32
69
111
-
Corporate
1 660
1 254
-
-
income
208
157
-
-
total
208
157
-
-
Dividends
1 453
1 097
-
-
withholding
247
187
-
-
total
247
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
592
544
672
655
After tax
1 408
1 456
1 328
1 345
Living cost
204
204
204
204
Free-cash
1 204
1 252
1 124
1 141

Estimated living cost  is £204 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1389
£1516
£1565
£1471
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

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

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

202
-
1 914
-
unemployment
1
-
4
-
health
9
-
36
-
pensions
11
-
46
-
total
21
-
86
-
Corporate
1 777
2 000
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 617
1 820
-
-
withholding
146
164
-
-
total
146
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
389
344
471
295
After tax
1 611
1 656
1 529
1 705
Living cost
140
140
140
140
Free-cash
1 471
1 516
1 389
1 565

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£837
£1086
£875
£1047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
638
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
883
Employee
326
-
1 740
-
income
63
-
608
-
other
-
-
1
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
83
-
660
-
Employer
326
-
1 740
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
pensions
77
-
193
-
total
104
-
261
-
Corporate
1 571
2 000
-
-
income

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

236
300
-
-
total
236
300
-
-
Dividends
1 335
1 700
-
-
withholding
288
372
-
-
total
288
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
711
672
921
883
After tax
1 289
1 328
1 079
1 117
Living cost
242
242
242
242
Free-cash
1 047
1 086
837
875

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1273
£1232
£1274
£1231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
689
pensions
-
-
-
12
total
-
-
-
710
Employee
25
-
1 987
-
income
5
-
688
-
pensions
2
-
5
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
697
-
Employer
25
-
1 987
-
unemployment
-
-
1
-
health
2
-
6
-
pensions
3
-
7
-
total
5
-
14
-
Corporate
1 970
2 000
-
-
income
433
440
-
-
total
433
440
-
-
Dividends
1 536
1 560
-
-
withholding
307
312
-
-
total
307
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
753
752
711
710
After tax
1 247
1 248
1 289
1 290
Living cost
16
16
16
16
Free-cash
1 231
1 232
1 273
1 274

Estimated living cost  is £16 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
£1140
£1293
£1139
£1248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
67
income
-
-
-
463
pensions
-
-
-
169
unemployment
-
-
-
10
total
-
-
-
709
Employee

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

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

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

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

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

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

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

229
-
1 884
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
28
-
78
-
total
42
-
116
-
Corporate
1 730
2 000
-
-
income
259
300
-
-
total
259
300
-
-
Dividends
1 470
1 700
-
-
withholding
221
255
-
-
total
221
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
600
555
708
709
After tax
1 400
1 445
1 292
1 291
Living cost
152
152
152
152
Free-cash
1 248
1 293
1 140
1 139

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£648
£901
£805
£897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
social contributions

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

-
-
-
695
income
-
-
-
263
surtax
-
-
-
-
total
-
-
-
958
Employee
342
-
1 616
-
surtax
-
-
3
-
social contributions
38
-
178
-
income
67
-
550
-
total
105
-
731
-
Employer
342
-
1 616
-
social contributions
81
-
384
-
total
81
-
384
-
Corporate
1 577
2 000
-
-
surtax
-
-
-
-
income
331
420
-
-
total
331
420
-
-
Dividends
1 246
1 580
-
-
withholding
349
442
-
-
total
349
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
866
862
1 115
958
After tax
1 134
1 138
885
1 042
Living cost
237
237
237
237
Free-cash
897
901
648
805

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£770
£1019
£808
£962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
638
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
883
Employee
425
-
1 740
-
income
89
-
608
-
other
-
-
1
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
116
-
660
-
Employer
425
-
1 740
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
pensions
100
-
193
-
total
134
-
261
-
Corporate
1 439
2 000
-
-
income

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

216
300
-
-
total
216
300
-
-
Dividends
1 223
1 700
-
-
withholding
263
372
-
-
total
263
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
729
672
921
883
After tax
1 271
1 328
1 079
1 117
Living cost
309
309
309
309
Free-cash
962
1 019
770
808

Estimated living cost  is £309 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1552
£1560
£1469
£1508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
300
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
381
Employee
199
-
1 940
-
income
20
-
194
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
238
-
Employer
199
-
1 940
-
unemployment
1
-
2
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
total
39
-
60
-
Corporate
1 762
2 000
-
-
income
176
200
-
-
total
176
200
-
-
Dividends
1 586
1 800
-
-
withholding
79
90
-
-
total
79
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
342
290
298
381
After tax
1 658
1 710
1 702
1 619
Living cost
150
150
150
150
Free-cash
1 508
1 560
1 552
1 469

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£895
£689
£667
£804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
health

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

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

-
-
-
60
income

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

-
-
-
668
surtax

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

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

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

438
-
2 000
-
surtax

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

2
-
37
-
income

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

36
-
668
-
health

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

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

60
-
60
-
total
98
-
765
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 562
2 000
-
-
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
-
-
trade
224
287
-
-
income
234
300
-
-
total
475
607
-
-
Dividends
1 087
1 392
-
-
surtax

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

15
19
-
-
withholding
268
345
-
-
total
283
364
-
-
Income
2 000
2 000
2 000
2 000
Total tax
856
971
765
993
After tax
1 144
1 029
1 235
1 007
Living cost
340
340
340
340
Free-cash
804
689
895
667

Estimated living cost  is £340 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£500
£898
£500
£918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
654
social contributions
-
-
-
344
total
-
-
-
998
Employee
689
-
2 000
-
income
130
-
654
-
social contributions
57
-
344
-
total
187
-
998
-
Employer
689
-
2 000
-
total
-
-
-
-
Corporate
1 311
2 000
-
-
income
164
250
-
-
total
164
250
-
-
Dividends
1 147
1 750
-
-
withholding
229
350
-
-
total
229
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
600
998
998
After tax
1 420
1 400
1 002
1 002
Living cost
502
502
502
502
Free-cash
918
898
500
500

Estimated living cost  is £502 per week

£382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1074
£933
£1325
£965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 000
income
-
-
-
300
health

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

-
-
-
55
total
-
-
-
355
Employee
404
-
1 959
-
income
44
-
524
-
social contributions
40
-
41
-
total
84
-
565
-
Employer
404
-
1 959
-
social contributions
40
-
41
-
total
40
-
41
-
Corporate
1 556
2 000
-
-
income
544
700
-
-
total
544
700
-
-
Dividends
1 011
1 300
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
747
606
355
After tax
1 285
1 253
1 394
1 645
Living cost
320
320
320
320
Free-cash
965
933
1 074
1 325

Estimated living cost  is £320 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
£891
-£49
£1155
£130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
573
pensions
-
-
-
37
total
-
-
-
634
Employee
331
-
1 827
-
income
45
-
449
-
pensions
37
-
67
-
health
38
-
209
-
total
120
-
725
-
Employer
331
-
1 827
-
unemployment
8
-
45
-
accident
6
-
31
-
pensions
54
-
97
-
total
68
-
173
-
Corporate
1 601
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.

1 441
1 800
-
-
total
1 441
1 800
-
-
Dividends
160
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 659
1 838
898
634
After tax
341
162
1 102
1 366
Living cost
211
211
211
211
Free-cash
130
-49
891
1 155

Estimated living cost  is £211 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1351
£1411
£1157
£1385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

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

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£517
£703
£589
£663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
441
national
-
-
-
556
regional
-
-
-
49
municipal
-
-
-
14
total
-
-
-
1 060
Employee
742
-
2 000
-
social contributions
250
-
578
-
municipal
4
-
13
-
national
125
-
497
-
regional
11
-
44
-
total
390
-
1 132
-
Employer
742
-
2 000
-
total
-
-
-
-
Corporate
1 258
2 000
-
-
nationa
302
480
-
-
municipal
61
96
-
-
total
363
576
-
-
Dividends
895
1 424
-
-
withholding
233
370
-
-
total
233
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
986
946
1 132
1 060
After tax
1 014
1 054
868
940
Living cost
351
351
351
351
Free-cash
663
703
517
589

Estimated living cost  is £351 per week

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

Source of data for Rome model

Close
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Estimated living cost

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