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
£744
£840
£719
£970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
251
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.

-
-
-
670
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.

-
-
-
59
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
total
-
-
-
1 017
Employee

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

333
-
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.

59
-
59
-
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
-
670
-
total
69
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 667
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.

14
16
-
-
income
250
300
-
-
trade
263
315
-
-
chamber of commerce
4
4
-
-
total
531
635
-
-
Dividends
1 137
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
281
338
-
-
total
296
357
-
-
Income
2 000
2 000
2 000
2 000
Total tax
896
992
766
1 017
After tax
1 104
1 008
1 234
983
Living cost
264
264
264
264
Free-cash
840
744
970
719

Estimated living cost  is £264 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£808
£802
£696
£707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
222
pensions
-
-
-
240
national
-
-
-
380
social contributions
-
-
-
22
total
-
-
-
864
Employee
682
-
1 729
-
municipal
84
-
230
-
pensions
27
-
69
-
national
130
-
397
-
total
241
-
696
-
Employer
682
-
1 729
-
social contributions
7
-
19
-
pensions
55
-
138
-
total
62
-
157
-
Corporate
1 212
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%.

242
400
-
-
total
242
400
-
-
Dividends
969
1 600
-
-
withholding
213
352
-
-
total
213
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
758
752
853
864
After tax
1 242
1 248
1 147
1 136
Living cost
440
440
440
440
Free-cash
802
808
707
696

Estimated living cost  is £440 per week

£299
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.
£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.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1419
£1348
£550
£691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
income
-
-
-
426
surtax
-
-
-
510
social contributions

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

-
-
-
333
total
-
-
-
1 269
Employee
254
-
1 577
-
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
-
114
-
surtax
-
-
229
-
income
45
-
362
-
total
73
-
705
-
Employer
254
-
1 577
-
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.

61
-
250
-
surtax
-
-
173
-
total
61
-
423
-
Corporate
1 684
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%.

337
400
-
-
total
337
400
-
-
Dividends

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

1 348
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
471
400
1 128
1 269
After tax
1 529
1 600
872
731
Living cost
181
181
181
181
Free-cash
1 348
1 419
691
550

Estimated living cost  is £181 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£631
£578
£707
£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
-
-
-
2 000
income
-
-
-
719
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
928
Employee
743
743
1 838
-
health
114
97
107
-
income

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

122
122
350
-
pensions
134
102
102
-
total
370
321
559
-
Employer
743
743
1 838
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
1 136
1 127
-
-
income
227
225
-
-
total
227
225
-
-
Dividends
909
901
-
-
income
193
192
-
-
withholding
136
135
-
-
total
329
327
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 057
1 004
720
928
After tax
943
996
1 280
1 072
Living cost
365
365
365
365
Free-cash
578
631
915
707

Estimated living cost  is £365 per week

£258
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
£756
£748
£658
£652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
533
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
259
total
-
-
-
1 006
Employee
479
-
1 768
-
municipal
143
-
527
-
national
-
-
254
-
total
143
-
781
-
Employer
479
-
1 768
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
1 370
2 000
-
-
income
301
440
-
-
total
301
440
-
-
Dividends
1 069
1 560
-
-
withholding
321
468
-
-
total
321
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
916
908
1 012
1 006
After tax
1 084
1 092
988
994
Living cost
336
336
336
336
Free-cash
748
756
652
658

Estimated living cost  is £336 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Stockholm model

Close
Hamburg , Germany
£657
£778
£630
£892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
262
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.

-
-
-
670
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.

-
-
-
59
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
total
-
-
-
1 028
Employee

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

441
-
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.

59
-
59
-
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
-
670
-
total
99
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 559
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.

13
16
-
-
income
234
300
-
-
trade
256
329
-
-
chamber of commerce
4
4
-
-
total
507
649
-
-
Dividends
1 052
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
260
334
-
-
total
274
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
880
1 001
766
1 028
After tax
1 120
999
1 234
972
Living cost
342
342
342
342
Free-cash
778
657
892
630

Estimated living cost  is £342 per week

£229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1175
£1139
£1061
£1045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
465
health
-
-
-
51
social contributions
-
-
-
141
total
-
-
-
657
Employee
669
669
1 890
-
social contributions
33
56
75
-
health
7
11
32
-
income
70
62
456
-
total
110
129
563
-
Employer
669
669
1 890
-
social contributions
33
56
75
-
health
7
12
35
-
total
40
68
110
-
Corporate
1 569
1 263
-
-
income
196
158
-
-
total
196
158
-
-
Dividends
1 372
1 105
-
-
withholding
233
188
-
-
total
233
188
-
-
Income
2 000
2 000
2 000
2 000
Total tax
579
543
673
657
After tax
1 421
1 457
1 327
1 343
Living cost
282
282
282
282
Free-cash
1 139
1 175
1 045
1 061

Estimated living cost  is £282 per week

£193
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
£965
£968
£1227
£1002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

228
91
1 674
-
health
16
6
117
-
income
28
11
205
-
pensions
23
9
167
-
unemployment
3
1
25
-
total
70
27
514
-
Employer

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

The minimum wage is 138,000 HUF per month.

228
91
1 674
-
pensions
45
18
326
-
total
45
18
326
-
Corporate
1 727
1 891
-
-
income
155
170
-
-
total
155
170
-
-
Dividends
1 572
1 721
-
-
social contributions
305
335
-
-
withholding
299
327
-
-
total
604
662
-
-
Income
2 000
2 000
2 000
2 000
Total tax
874
877
840
615
After tax
1 126
1 123
1 160
1 385
Living cost
158
158
158
158
Free-cash
968
965
1 002
1 227

Estimated living cost  is £158 per week

£108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1390
£1336
£862
£943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
268
pensions
-
-
-
400
health
-
-
-
260
total
-
-
-
928
Employee
247
-
1 495
-
income
28
-
288
-
pensions
5
-
30
-
unemployment
4
-
24
-
total
37
-
342
-
Employer
247
-
1 495
-
unemployment
2
-
12
-
pensions
49
-
299
-
health
32
-
194
-
total
83
-
505
-
Corporate
1 670
2 000
-
-
income
334
400
-
-
total
334
400
-
-
Dividends
1 336
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
210
210
210
210
Free-cash
1 336
1 390
943
862

Estimated living cost  is £210 per week

£144
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.
£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 Tallinn model

Close
Gdansk , Poland
-£28
£133
£1176
£913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
574
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
634
Employee
299
-
1 829
-
health
34
-
209
-
income
41
-
451
-
pensions
34
-
66
-
total
109
-
726
-
Employer
299
-
1 829
-
accident
5
-
31
-
unemployment
7
-
45
-
pensions
49
-
95
-
total
61
-
171
-
Corporate
1 640
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.

1 476
1 800
-
-
total
1 476
1 800
-
-
Dividends
164
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 677
1 838
897
634
After tax
323
162
1 103
1 366
Living cost
190
190
190
190
Free-cash
133
-28
913
1 176

Estimated living cost  is £190 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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1822
£1807
£1902
£1522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
98
-
2 000
-
income
20
-
400
-
total
20
-
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%.

1 902
2 000
-
-
total
-
-
-
-
Dividends
1 902
2 000
-
-
withholding
95
100
-
-
total
95
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
115
100
400
20
After tax
1 885
1 900
1 600
1 980
Living cost
78
78
78
78
Free-cash
1 807
1 822
1 522
1 902

Estimated living cost  is £78 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1237
£1179
£975
£959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
354
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.

-
-
-
318
other
-
-
-
63
health
-
-
-
58
total
-
-
-
793
Employee
316
-
1 664
-
health
4
-
19
-
income
54
-
348
-
pensions

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

22
-
93
-
unemployment
3
-
13
-
total
83
-
473
-
Employer
316
-
1 664
-
accident
3
-
13
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

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

54
-
225
-
health
4
-
19
-
total
80
-
336
-
Corporate
1 604
2 000
-
-
income
337
420
-
-
total
337
420
-
-
Dividends
1 268
1 580
-
-
withholding
89
111
-
-
total
89
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
589
531
809
793
After tax
1 411
1 469
1 191
1 207
Living cost
232
232
232
232
Free-cash
1 179
1 237
959
975

Estimated living cost  is £232 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1596
£1555
£1505
£1588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
381
Employee
151
-
1 940
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
194
-
pensions

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

13
-
27
-
total
37
-
238
-
Employer
151
-
1 940
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 819
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
114
114
114
114
Free-cash
1 555
1 596
1 588
1 505

Estimated living cost  is £114 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
£513
£536
£589
£797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
719
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
928
Employee
807
743
1 838
-
health
101
97
107
-
income

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

122
122
350
-
pensions
102
102
102
-
total
325
321
559
-
Employer
807
743
1 838
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
1 052
1 127
-
-
income
210
225
-
-
total
210
225
-
-
Dividends
842
901
-
-
income
179
192
-
-
withholding
126
135
-
-
total
305
327
-
-
Income
2 000
2 000
2 000
2 000
Total tax
981
1 004
720
928
After tax
1 019
996
1 280
1 072
Living cost
483
483
483
483
Free-cash
536
513
797
589

Estimated living cost  is £483 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1169
£1094
£979
£891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
215
health
-
-
-
270
solidarity contribution
-
-
-
28
social contributions
-
-
-
300
total
-
-
-
813
Employee
307
-
1 599
-
social contributions
20
-
67
-
health
41
-
216
-
solidarity contribution
-
-
20
-
income
37
-
197
-
total
98
-
500
-
Employer
307
-
1 599
-
social contributions
77
-
257
-
health
28
-
144
-
total
105
-
401
-
Corporate
1 589
2 000
-
-
income
302
380
-
-
total
302
380
-
-
Dividends
1 287
1 620
-
-
withholding
193
243
-
-
total
193
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
698
623
901
813
After tax
1 302
1 377
1 099
1 187
Living cost
208
208
208
208
Free-cash
1 094
1 169
891
979

Estimated living cost  is £208 per week

£145
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.
£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 Brno model

Close
Milan , Italy
£700
£655
£599
£526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
13
regional
-
-
-
25
national
-
-
-
560
social contributions
-
-
-
436
total
-
-
-
1 034
Employee
773
-
2 000
-
social contributions
261
-
571
-
regional
7
-
23
-
municipal
4
-
11
-
national
134
-
502
-
total
406
-
1 107
-
Employer
773
-
2 000
-
total
-
-
-
-
Corporate
1 227
2 000
-
-
nationa
294
480
-
-
municipal
48
78
-
-
total
342
558
-
-
Dividends
884
1 442
-
-
withholding
230
375
-
-
total
230
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
978
933
1 107
1 034
After tax
1 022
1 067
893
966
Living cost
367
367
367
367
Free-cash
655
700
526
599

Estimated living cost  is £367 per week

£256
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
£1066
£1041
£749
£695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
635
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
108
total
-
-
-
1 059
Employee
288
-
1 756
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
97
-
income
48
-
583
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
868
-
Employer
288
-
1 756
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
1 652
2 000
-
-
income
429
520
-
-
total
429
520
-
-
Dividends
1 222
1 480
-
-
withholding
183
222
-
-
total
183
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
767
742
1 113
1 059
After tax
1 233
1 258
887
941
Living cost
192
192
192
192
Free-cash
1 041
1 066
695
749

Estimated living cost  is £192 per week

£117
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£257
£537
£925
£855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
21
pensions
-
-
-
184
other

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

-
-
-
40
regional
-
-
-
114
health
-
-
-
4
national
-
-
-
54
total
-
-
-
417
Employee
770
-
1 802
-
city
8
-
20
-
regional
25
-
102
-
health
2
-
4
-
pensions
65
-
138
-
unemployment
-
-
-
-
national
4
-
45
-
total
104
-
309
-
Employer
770
-
1 802
-
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.

15
-
36
-
unemployment
-
-
-
-
pensions
65
-
138
-
health
2
-
4
-
total
82
-
178
-
Corporate
1 140
2 000
-
-
regional
241
423
-
-
national
97
170
-
-
total
338
593
-
-
Dividends
802
1 407
-
-
withholding
281
492
-
-
total
281
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
805
1 085
487
417
After tax
1 195
915
1 513
1 583
Living cost
658
658
658
658
Free-cash
537
257
855
925

Estimated living cost  is £658 per week

£428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£589
£732
£561
£835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
274
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.

-
-
-
670
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.

-
-
-
59
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
total
-
-
-
1 040
Employee

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

523
-
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.

59
-
59
-
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.

61
-
670
-
total
123
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 477
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.

12
16
-
-
income
222
300
-
-
trade
253
343
-
-
chamber of commerce
3
4
-
-
total
490
663
-
-
Dividends
987
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
243
331
-
-
total
256
349
-
-
Income
2 000
2 000
2 000
2 000
Total tax
869
1 012
766
1 040
After tax
1 131
988
1 234
960
Living cost
399
399
399
399
Free-cash
732
589
835
561

Estimated living cost  is £399 per week

£291
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£710
£762
£793
£731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
379
pensions
-
-
-
312
other
-
-
-
62
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
909
Employee
372
-
1 524
-
social contributions
11
-
43
-
surtax
-
-
-
-
income
22
-
335
-
pensions
42
-
116
-
total
75
-
494
-
Employer
372
-
1 524
-
other
13
-
64
-
social contributions
1
-
5
-
unemployment
15
-
62
-
pensions
61
-
193
-
health
26
-
153
-
total
116
-
477
-
Corporate
1 511
2 000
-
-
surtax
-
-
-
-
income
423
560
-
-
total
423
560
-
-
Dividends
1 088
1 440
-
-
surtax
-
-
-
-
social contributions
187
248
-
-
withholding
139
184
-
-
total
326
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
940
992
971
909
After tax
1 060
1 008
1 029
1 091
Living cost
298
298
298
298
Free-cash
762
710
731
793

Estimated living cost  is £298 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£740
£789
£823
£761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
379
pensions
-
-
-
312
other
-
-
-
62
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
909
Employee
332
-
1 524
-
social contributions
9
-
43
-
surtax
-
-
-
-
income
17
-
335
-
pensions
38
-
116
-
total
64
-
494
-
Employer
332
-
1 524
-
other
11
-
64
-
social contributions
1
-
5
-
unemployment
13
-
62
-
pensions
55
-
193
-
health
23
-
153
-
total
103
-
477
-
Corporate
1 564
2 000
-
-
surtax
-
-
-
-
income
438
560
-
-
total
438
560
-
-
Dividends
1 126
1 440
-
-
surtax
-
-
-
-
social contributions
194
248
-
-
withholding
144
184
-
-
total
338
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
943
992
971
909
After tax
1 057
1 008
1 029
1 091
Living cost
268
268
268
268
Free-cash
789
740
761
823

Estimated living cost  is £268 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1035
£1039
£1099
£1044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
health
-
-
-
140
social contributions
-
-
-
276
total
-
-
-
716
Employee
295
-
2 000
-
social contributions
41
-
276
-
health
21
-
140
-
income
49
-
355
-
total
111
-
771
-
Employer
295
-
2 000
-
total
-
-
-
-
Corporate
1 705
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
1 620
1 900
-
-
health
113
133
-
-
social contributions
224
262
-
-
withholding
243
285
-
-
total
580
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
780
771
716
After tax
1 224
1 220
1 229
1 284
Living cost
185
185
185
185
Free-cash
1 039
1 035
1 044
1 099

Estimated living cost  is £185 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£796
£779
£717
£217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
8
income
-
-
-
647
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
976
Employee
435
347
1 659
-
other
4
3
10
-
health
17
13
39
-
income
50
26
544
-
pensions
45
36
104
-
unemployment
13
10
31
-
total
129
88
728
-
Employer
435
347
1 659
-
accident
6
5
13
-
other
21
16
73
-
chamber of commerce
2
1
7
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
50
-
health
16
13
38
-
total
128
101
342
-
Corporate
1 438
1 552
1 626
-
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.

360
388
406
-
total
360
388
406
-
Dividends
1 079
1 164
-
-
withholding
297
320
-
-
total
297
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
914
897
1 476
976
After tax
1 086
1 103
524
1 024
Living cost
307
307
307
307
Free-cash
779
796
217
717

Estimated living cost  is £307 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£778
£671
£553
£361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
806
communal

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

-
-
-
107
social contributions
-
-
-
217
total
-
-
-
1 130
Employee

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

622
-
1 549
-
communal

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

32
-
81
-
health

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

29
-
73
-
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
-
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
-
national
191
-
588
-
total
304
-
871
-
Employer

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

622
-
1 549
-
accident

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

8
-
20
-
unemployment

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

9
-
23
-
surtax
71
-
176
-
pensions

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

55
-
137
-
health

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

38
-
95
-
total
181
-
451
-
Corporate
1 196
2 000
-
-
surtax
5
9
-
-
income
239
431
-
-
total
244
440
-
-
Dividends
952
1 560
-
-
withholding

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

283
465
-
-
total
283
465
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 012
905
1 322
1 130
After tax
988
1 095
678
870
Living cost
317
317
317
317
Free-cash
671
778
361
553

Estimated living cost  is £317 per week

£204
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1014
£955
£803
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
641
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
883
Employee
433
-
1 743
-
other
-
-
1
-
income
91
-
611
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
663
-
Employer
433
-
1 743
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 429
2 000
-
-
income

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

214
300
-
-
total
214
300
-
-
Dividends
1 214
1 700
-
-
withholding
261
372
-
-
total
261
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
731
672
919
883
After tax
1 269
1 328
1 081
1 117
Living cost
314
314
314
314
Free-cash
955
1 014
767
803

Estimated living cost  is £314 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£656
£537
£463
£545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
17
income
-
-
-
381
pensions
-
-
-
300
health
-
-
-
141
surtax
-
-
-
99
communal
-
-
-
126
total
-
-
-
1 064
Employee
659
-
1 787
-
health
29
-
79
-
surtax
40
-
109
-
income
64
-
438
-
pensions
53
-
143
-
total
186
-
769
-
Employer
659
-
1 787
-
accident
6
-
16
-
pensions
53
-
143
-
health
20
-
54
-
total
79
-
213
-
Corporate
1 262
2 000
-
-
surtax
13
21
-
-
communal
85
135
-
-
income
189
300
-
-
total
287
456
-
-
Dividends
974
1 544
-
-
income
292
183
-
-
withholding
146
232
-
-
total
438
415
-
-
Income
2 000
2 000
2 000
2 000
Total tax
990
871
982
1 064
After tax
1 010
1 129
1 018
936
Living cost
473
473
473
473
Free-cash
537
656
545
463

Estimated living cost  is £473 per week

£355
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1063
£1036
£746
£692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
635
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
108
total
-
-
-
1 059
Employee
293
-
1 756
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
97
-
income
49
-
583
-
pensions
20
-
77
-
unemployment
20
-
81
-
total
97
-
868
-
Employer
293
-
1 756
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
1 645
2 000
-
-
income
428
520
-
-
total
428
520
-
-
Dividends
1 217
1 480
-
-
withholding
183
222
-
-
total
183
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
769
742
1 113
1 059
After tax
1 231
1 258
887
941
Living cost
195
195
195
195
Free-cash
1 036
1 063
692
746

Estimated living cost  is £195 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£818
£799
£725
£653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
13
regional
-
-
-
32
national
-
-
-
560
social contributions
-
-
-
436
total
-
-
-
1 041
Employee
483
-
2 000
-
social contributions
163
-
571
-
regional
6
-
29
-
municipal
3
-
11
-
national
76
-
502
-
total
248
-
1 113
-
Employer
483
-
2 000
-
total
-
-
-
-
Corporate
1 517
2 000
-
-
nationa
364
480
-
-
municipal
75
99
-
-
total
439
579
-
-
Dividends
1 078
1 421
-
-
withholding
280
369
-
-
total
280
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
967
948
1 113
1 041
After tax
1 033
1 052
887
959
Living cost
234
234
234
234
Free-cash
799
818
653
725

Estimated living cost  is £234 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1120
£1028
£930
£842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
215
health
-
-
-
270
solidarity contribution
-
-
-
28
social contributions
-
-
-
300
total
-
-
-
813
Employee
378
-
1 599
-
social contributions
25
-
67
-
health
51
-
216
-
solidarity contribution
-
-
20
-
income
45
-
197
-
total
121
-
500
-
Employer
378
-
1 599
-
social contributions
94
-
257
-
health
34
-
144
-
total
128
-
401
-
Corporate
1 494
2 000
-
-
income
284
380
-
-
total
284
380
-
-
Dividends
1 210
1 620
-
-
withholding
182
243
-
-
total
182
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
623
901
813
After tax
1 285
1 377
1 099
1 187
Living cost
257
257
257
257
Free-cash
1 028
1 120
842
930

Estimated living cost  is £257 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£827
£821
£748
£246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
8
income
-
-
-
647
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
974
Employee
380
347
1 660
-
other
4
3
10
-
health
15
13
39
-
income
34
26
545
-
pensions
39
36
104
-
unemployment
11
10
31
-
total
103
88
729
-
Employer
380
347
1 660
-
accident
5
5
13
-
other
18
16
73
-
chamber of commerce
2
1
7
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
50
-
health
14
13
38
-
total
109
99
340
-
Corporate
1 510
1 553
1 627
-
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.

378
388
407
-
total
378
388
407
-
Dividends
1 133
1 165
-
-
withholding
311
320
-
-
total
311
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
901
895
1 476
974
After tax
1 099
1 105
524
1 026
Living cost
278
278
278
278
Free-cash
821
827
246
748

Estimated living cost  is £278 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1778
£1756
£1858
£1478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
152
-
2 000
-
income
30
-
400
-
total
30
-
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%.

1 848
2 000
-
-
total
-
-
-
-
Dividends
1 848
2 000
-
-
withholding
92
100
-
-
total
92
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
122
122
122
122
Free-cash
1 756
1 778
1 478
1 858

Estimated living cost  is £122 per week

£83
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.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1144
£1070
£691
£649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 000
income
-
-
-
511
pensions
-
-
-
365
unemployment
-
-
-
3
health
-
-
-
197
total
-
-
-
1 076
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.

385
-
1 731
-
health
25
-
112
-
income
66
-
467
-
pensions
60
-
268
-
unemployment
1
-
2
-
total
152
-
849
-
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.

385
-
1 731
-
unemployment
-
-
1
-
pensions
34
-
153
-
health
26
-
115
-
total
60
-
269
-
Corporate
1 555
2 000
-
-
income
296
380
-
-
total
296
380
-
-
Dividends
1 260
1 620
-
-
withholding
189
243
-
-
total
189
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
697
623
1 118
1 076
After tax
1 303
1 377
882
924
Living cost
233
233
233
233
Free-cash
1 070
1 144
649
691

Estimated living cost  is £233 per week

£160
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
£841
£427
£1006
£1510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
390
social contributions
-
-
-
228
total
-
-
-
618
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
701
2 000
-
-
income
154
440
-
-
total
154
440
-
-
Dividends
547
1 560
-
-
income
120
343
-
-
total
120
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 197
783
114
618
After tax
803
1 217
1 886
1 382
Living cost
376
376
376
376
Free-cash
427
841
1 510
1 006

Estimated living cost  is £376 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£865
£856
£768
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
income
-
-
-
264
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
959
Employee
400
-
1 616
-
social contributions
44
-
178
-
surtax
-
-
3
-
income
83
-
552
-
total
127
-
733
-
Employer
400
-
1 616
-
social contributions
95
-
384
-
total
95
-
384
-
Corporate
1 505
2 000
-
-
surtax
-
-
-
-
income
316
420
-
-
total
316
420
-
-
Dividends
1 189
1 580
-
-
withholding
333
442
-
-
total
333
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
871
862
1 117
959
After tax
1 129
1 138
883
1 041
Living cost
273
273
273
273
Free-cash
856
865
610
768

Estimated living cost  is £273 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£588
£646
£671
£609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
379
pensions
-
-
-
312
other
-
-
-
62
health
-
-
-
99
surtax
-
-
-
-
social contributions
-
-
-
57
total
-
-
-
909
Employee
545
-
1 524
-
social contributions
16
-
43
-
surtax
-
-
-
-
income
48
-
335
-
pensions
62
-
116
-
total
126
-
494
-
Employer
545
-
1 524
-
other
19
-
64
-
social contributions
2
-
5
-
unemployment
22
-
62
-
pensions
90
-
193
-
health
38
-
153
-
total
171
-
477
-
Corporate
1 285
2 000
-
-
surtax
-
-
-
-
income
360
560
-
-
total
360
560
-
-
Dividends
925
1 440
-
-
surtax
-
-
-
-
social contributions
159
248
-
-
withholding
118
184
-
-
total
277
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
934
992
971
909
After tax
1 066
1 008
1 029
1 091
Living cost
420
420
420
420
Free-cash
646
588
609
671

Estimated living cost  is £420 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1538
£1509
£1195
£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
-
-
-
2 000
income
-
-
-
103
social contributions
-
-
-
440
total
-
-
-
543
Employee
280
-
1 732
-
income
-
-
109
-
social contributions
18
-
113
-
total
18
-
222
-
Employer
280
-
1 732
-
social contributions
43
-
268
-
total
43
-
268
-
Corporate
1 677
2 000
-
-
income
168
200
-
-
total
168
200
-
-
Dividends
1 509
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
229
200
490
543
After tax
1 771
1 800
1 510
1 457
Living cost
262
262
262
262
Free-cash
1 509
1 538
1 248
1 195

Estimated living cost  is £262 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£103
£58
£734
£103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
430
pensions
-
-
-
8
national
-
-
-
250
labour market
-
-
-
159
total
-
-
-
847
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
103
-
-
-
income
23
-
-
-
total
23
-
-
-
Dividends
81
-
-
-
withholding
22
-
-
-
total
22
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 523
1 478
1 478
847
After tax
477
522
522
1 153
Living cost
419
419
419
419
Free-cash
58
103
103
734

Estimated living cost  is £419 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£26
£134
£1178
£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
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
574
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
634
Employee
295
-
1 829
-
health
34
-
209
-
income
40
-
451
-
pensions
33
-
66
-
total
107
-
726
-
Employer
295
-
1 829
-
accident
5
-
31
-
unemployment
7
-
45
-
pensions
48
-
95
-
total
60
-
171
-
Corporate
1 645
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.

1 480
1 800
-
-
total
1 480
1 800
-
-
Dividends
164
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 678
1 838
897
634
After tax
322
162
1 103
1 366
Living cost
188
188
188
188
Free-cash
134
-26
915
1 178

Estimated living cost  is £188 per week

£136
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 Krakow model

Close
Helsinki , Finland
£890
£918
£888
£658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
municipal
-
-
-
355
health
-
-
-
27
national
-
-
-
396
total
-
-
-
778
Employee
458
-
1 683
-
health
3
-
22
-
municipal
75
-
274
-
pensions
31
-
114
-
unemployment
7
-
25
-
national
8
-
255
-
total
124
-
690
-
Employer
458
-
1 683
-
accident
-
-
2
-
unemployment
3
-
11
-
pensions
79
-
292
-
health
4
-
13
-
total
86
-
318
-
Corporate
1 456
2 000
-
-
income
291
400
-
-
total
291
400
-
-
Dividends

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

873
1 200
-
-
national
90
160
-
-
municipal
157
216
-
-
total
247
376
-
-
Income
2 000
2 000
2 000
2 000
Total tax
748
776
1 008
778
After tax
1 252
1 224
992
1 222
Living cost
334
334
334
334
Free-cash
918
890
658
888

Estimated living cost  is £334 per week

£218
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1256
£1209
£1142
£1126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
465
health
-
-
-
51
social contributions
-
-
-
141
total
-
-
-
657
Employee
669
669
1 890
-
social contributions
25
56
75
-
health
5
11
32
-
income
73
62
456
-
total
103
129
563
-
Employer
669
669
1 890
-
social contributions
25
56
75
-
health
6
12
35
-
total
31
68
110
-
Corporate
1 664
1 263
-
-
income
208
158
-
-
total
208
158
-
-
Dividends
1 456
1 105
-
-
withholding
248
188
-
-
total
248
188
-
-
Income
2 000
2 000
2 000
2 000
Total tax
590
543
673
657
After tax
1 410
1 457
1 327
1 343
Living cost
201
201
201
201
Free-cash
1 209
1 256
1 126
1 142

Estimated living cost  is £201 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1518
£1473
£1569
£1393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 000
income
-
-
-
207
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
293
Employee

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

200
-
1 915
-
health
17
-
70
-
income
14
-
186
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
384
-
Employer

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

200
-
1 915
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
1 780
2 000
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 620
1 820
-
-
withholding
146
164
-
-
total
146
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
389
344
469
293
After tax
1 611
1 656
1 531
1 707
Living cost
138
138
138
138
Free-cash
1 473
1 518
1 393
1 569

Estimated living cost  is £138 per week

£88
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
£1089
£1050
£878
£842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
641
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
883
Employee
322
-
1 743
-
other
-
-
1
-
income
62
-
611
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
663
-
Employer
322
-
1 743
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 576
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
1 339
1 700
-
-
withholding
290
372
-
-
total
290
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
711
672
919
883
After tax
1 289
1 328
1 081
1 117
Living cost
239
239
239
239
Free-cash
1 050
1 089
842
878

Estimated living cost  is £239 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1224
£1221
£1262
£1260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
684
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
714
Employee
36
-
1 980
-
health
2
-
4
-
income
7
-
683
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
696
-
Employer
36
-
1 980
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 956
2 000
-
-
income
430
440
-
-
total
430
440
-
-
Dividends
1 525
1 560
-
-
withholding
305
312
-
-
total
305
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
755
752
716
714
After tax
1 245
1 248
1 284
1 286
Living cost
24
24
24
24
Free-cash
1 221
1 224
1 260
1 262

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1294
£1250
£1142
£1142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 000
income
-
-
-
464
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
707
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.

227
-
1 885
-
health
12
-
33
-
income
31
-
464
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
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.

227
-
1 885
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 732
2 000
-
-
income
260
300
-
-
total
260
300
-
-
Dividends
1 473
1 700
-
-
withholding
221
255
-
-
total
221
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
555
707
707
After tax
1 401
1 445
1 293
1 293
Living cost
150
150
150
150
Free-cash
1 250
1 294
1 142
1 142

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£903
£900
£806
£648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
income
-
-
-
264
surtax
-
-
-
-
social contributions

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

-
-
-
695
total
-
-
-
959
Employee
338
-
1 616
-
social contributions
37
-
178
-
surtax
-
-
3
-
income
66
-
552
-
total
103
-
733
-
Employer
338
-
1 616
-
social contributions
80
-
384
-
total
80
-
384
-
Corporate
1 582
2 000
-
-
surtax
-
-
-
-
income
332
420
-
-
total
332
420
-
-
Dividends
1 250
1 580
-
-
withholding
350
442
-
-
total
350
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
865
862
1 117
959
After tax
1 135
1 138
883
1 041
Living cost
235
235
235
235
Free-cash
900
903
648
806

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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1022
£965
£811
£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
accident
-
-
-
7
income
-
-
-
641
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
883
Employee
420
-
1 743
-
other
-
-
1
-
income
88
-
611
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
663
-
Employer
420
-
1 743
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 446
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.

217
300
-
-
total
217
300
-
-
Dividends
1 229
1 700
-
-
withholding
264
372
-
-
total
264
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
729
672
919
883
After tax
1 271
1 328
1 081
1 117
Living cost
306
306
306
306
Free-cash
965
1 022
775
811

Estimated living cost  is £306 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
381
Employee
198
-
1 940
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
194
-
pensions

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

17
-
27
-
total
48
-
238
-
Employer
198
-
1 940
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 763
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
£693
£806
£669
£898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
229
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.

-
-
-
670
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.

-
-
-
59
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
total
-
-
-
995
Employee

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

433
-
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.

59
-
59
-
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
-
670
-
total
97
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 567
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.

13
16
-
-
income
235
300
-
-
trade
225
287
-
-
chamber of commerce
4
4
-
-
total
477
607
-
-
Dividends
1 091
1 392
-
-
surtax

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

15
19
-
-
withholding
269
345
-
-
total
284
364
-
-
Income
2 000
2 000
2 000
2 000
Total tax
858
971
766
995
After tax
1 142
1 029
1 234
1 005
Living cost
336
336
336
336
Free-cash
806
693
898
669

Estimated living cost  is £336 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£904
£923
£504
£504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
656
social contributions
-
-
-
344
total
-
-
-
1 000
Employee
681
-
2 000
-
income
128
-
656
-
social contributions
57
-
344
-
total
185
-
1 000
-
Employer
681
-
2 000
-
total
-
-
-
-
Corporate
1 319
2 000
-
-
income
165
250
-
-
total
165
250
-
-
Dividends
1 154
1 750
-
-
withholding
231
350
-
-
total
231
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
581
600
1 000
1 000
After tax
1 419
1 400
1 000
1 000
Living cost
496
496
496
496
Free-cash
923
904
504
504

Estimated living cost  is £496 per week

£377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£938
£969
£1326
£1078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58
total
-
-
-
358
Employee
399
-
1 960
-
income
43
-
526
-
social contributions
40
-
40
-
total
83
-
566
-
Employer
399
-
1 960
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 561
2 000
-
-
income
546
700
-
-
total
546
700
-
-
Dividends
1 015
1 300
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
746
606
358
After tax
1 285
1 254
1 394
1 642
Living cost
316
316
316
316
Free-cash
969
938
1 078
1 326

Estimated living cost  is £316 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£44
£131
£1160
£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
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
574
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
634
Employee
324
-
1 829
-
health
37
-
209
-
income
44
-
451
-
pensions
36
-
66
-
total
117
-
726
-
Employer
324
-
1 829
-
accident
5
-
31
-
unemployment
8
-
45
-
pensions
53
-
95
-
total
66
-
171
-
Corporate
1 610
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.

1 449
1 800
-
-
total
1 449
1 800
-
-
Dividends
161
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 663
1 838
897
634
After tax
337
162
1 103
1 366
Living cost
206
206
206
206
Free-cash
131
-44
897
1 160

Estimated living cost  is £206 per week

£151
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1412
£1385
£1162
£1355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
337
pensions
-
-
-
256
unemployment
-
-
-
17
total
-
-
-
720
Employee

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

188
-
2 000
-
work injury
1
-
3
-
income
19
-
337
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
527
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 812
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
1 631
1 800
-
-
withholding
245
270
-
-
total
245
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
497
470
527
720
After tax
1 503
1 530
1 473
1 280
Living cost
118
118
118
118
Free-cash
1 385
1 412
1 355
1 162

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£707
£668
£594
£522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
municipal
-
-
-
14
regional
-
-
-
49
national
-
-
-
560
social contributions
-
-
-
436
total
-
-
-
1 059
Employee
733
-
2 000
-
social contributions
247
-
571
-
regional
11
-
45
-
municipal
4
-
13
-
national
124
-
502
-
total
386
-
1 131
-
Employer
733
-
2 000
-
total
-
-
-
-
Corporate
1 267
2 000
-
-
nationa
304
480
-
-
municipal
61
96
-
-
total
365
576
-
-
Dividends
902
1 424
-
-
withholding
234
370
-
-
total
234
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
985
946
1 131
1 059
After tax
1 015
1 054
869
941
Living cost
347
347
347
347
Free-cash
668
707
522
594

Estimated living cost  is £347 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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