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
£742
£969
£718
£839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
income

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

-
-
-
669
surtax

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

-
-
-
37
health

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

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

-
-
-
60
trade
-
-
-
251
total
-
-
-
1 017
Employee

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

335
-
2 000
-
surtax

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

1
-
37
-
income

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

9
-
669
-
health

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

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

60
-
60
-
total
70
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 665
2 000
-
-
income
250
300
-
-
surtax

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

14
17
-
-
chamber of commerce
4
4
-
-
trade
262
315
-
-
total
530
636
-
-
Dividends
1 136
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
993
766
1 017
After tax
1 104
1 007
1 234
983
Living cost
265
265
265
265
Free-cash
839
742
969
718

Estimated living cost  is £265 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£783
£689
£678
£775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
22
municipal
-
-
-
222
national
-
-
-
373
pensions
-
-
-
240
total
-
-
-
857
Employee
721
-
1 729
-
municipal
89
-
230
-
pensions
29
-
69
-
national
138
-
390
-
total
256
-
689
-
Employer
721
-
1 729
-
pensions
58
-
138
-
social contributions
8
-
19
-
total
66
-
157
-
Corporate
1 166
2 000
-
-
income

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

233
400
-
-
total
233
400
-
-
Dividends
933
1 600
-
-
withholding
205
352
-
-
total
205
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
760
752
846
857
After tax
1 240
1 248
1 154
1 143
Living cost
465
465
465
465
Free-cash
775
783
689
678

Estimated living cost  is £465 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1418
£690
£547
£1346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 000
income
-
-
-
425
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.

-
-
-
336
microenterprise
-
-
-
-
total
-
-
-
1 271
Employee
256
-
1 575
-
surtax
-
-
228
-
social contributions

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

28
-
115
-
income
46
-
361
-
total
74
-
704
-
Employer
256
-
1 575
-
social contributions

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

62
-
251
-
surtax
-
-
173
-
total
62
-
424
-
Corporate
1 682
2 000
-
-
income

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

336
400
-
-
total
336
400
-
-
Dividends

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

1 346
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
472
400
1 128
1 271
After tax
1 528
1 600
872
729
Living cost
182
182
182
182
Free-cash
1 346
1 418
690
547

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£629
£911
£705
£576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
717
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
928
Employee
748
748
1 837
-
pensions
135
103
103
-
income

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

122
122
348
-
health
115
98
108
-
total
372
323
559
-
Employer
748
748
1 837
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
1 130
1 121
-
-
income
226
224
-
-
total
226
224
-
-
Dividends
904
897
-
-
income
192
191
-
-
withholding
136
135
-
-
total
328
326
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 057
1 004
722
928
After tax
943
996
1 278
1 072
Living cost
367
367
367
367
Free-cash
576
629
911
705

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£741
£641
£648
£734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
other
-
-
-
89
unemployment
-
-
-
1
health
-
-
-
48
municipal
-
-
-
530
national
-
-
-
248
pensions
-
-
-
83
total
-
-
-
1 001
Employee
500
-
1 758
-
municipal
149
-
524
-
national
-
-
243
-
total
149
-
767
-
Employer
500
-
1 758
-
health
31
-
47
-
pensions
54
-
83
-
accident
1
-
2
-
unemployment
13
-
20
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 343
2 000
-
-
income
295
440
-
-
total
295
440
-
-
Dividends
1 047
1 560
-
-
withholding
314
468
-
-
total
314
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
915
908
1 008
1 001
After tax
1 085
1 092
992
999
Living cost
351
351
351
351
Free-cash
734
741
641
648

Estimated living cost  is £351 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£654
£890
£628
£777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
income

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

-
-
-
669
surtax

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

-
-
-
37
health

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

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

-
-
-
60
trade
-
-
-
262
total
-
-
-
1 028
Employee

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

444
-
2 000
-
surtax

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

2
-
37
-
income

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

38
-
669
-
health

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

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

60
-
60
-
total
100
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 556
2 000
-
-
income
233
300
-
-
surtax

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

13
17
-
-
chamber of commerce
4
4
-
-
trade
256
329
-
-
total
506
650
-
-
Dividends
1 050
1 350
-
-
surtax

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

14
18
-
-
withholding
259
334
-
-
total
273
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
879
1 002
766
1 028
After tax
1 121
998
1 234
972
Living cost
344
344
344
344
Free-cash
777
654
890
628

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1175
£1045
£1060
£1136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
463
social contributions
-
-
-
142
health
-
-
-
51
total
-
-
-
656
Employee
673
673
1 890
-
social contributions
33
56
75
-
income
71
62
454
-
health
7
11
32
-
total
111
129
561
-
Employer
673
673
1 890
-
health
7
12
35
-
social contributions
33
56
75
-
total
40
68
110
-
Corporate
1 566
1 258
-
-
income
196
157
-
-
total
196
157
-
-
Dividends
1 370
1 101
-
-
withholding
233
187
-
-
total
233
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
541
671
656
After tax
1 420
1 459
1 329
1 344
Living cost
284
284
284
284
Free-cash
1 136
1 175
1 045
1 060

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£966
£1003
£1229
£968
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

226
90
1 674
-
unemployment
3
1
25
-
pensions
23
9
167
-
income
28
11
205
-
health
16
6
117
-
total
70
27
514
-
Employer

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

The minimum wage is 138,000 HUF per month.

226
90
1 674
-
pensions
44
18
326
-
total
44
18
326
-
Corporate
1 730
1 893
-
-
income
156
170
-
-
total
156
170
-
-
Dividends
1 574
1 722
-
-
social contributions
306
335
-
-
withholding
299
327
-
-
total
605
662
-
-
Income
2 000
2 000
2 000
2 000
Total tax
875
877
840
614
After tax
1 125
1 123
1 160
1 386
Living cost
157
157
157
157
Free-cash
968
966
1 003
1 229

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1388
£941
£860
£1333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
268
health
-
-
-
260
pensions
-
-
-
400
total
-
-
-
928
Employee
248
-
1 495
-
unemployment
4
-
24
-
pensions
5
-
30
-
income
28
-
288
-
total
37
-
342
-
Employer
248
-
1 495
-
health
32
-
194
-
pensions
50
-
299
-
unemployment
2
-
12
-
total
84
-
505
-
Corporate
1 668
2 000
-
-
income
334
400
-
-
total
334
400
-
-
Dividends
1 334
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
455
400
847
928
After tax
1 545
1 600
1 153
1 072
Living cost
212
212
212
212
Free-cash
1 333
1 388
941
860

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£33
£907
£1171
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

1 468
1 800
-
-
total
1 468
1 800
-
-
Dividends
163
200
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 672
1 838
898
634
After tax
328
162
1 102
1 366
Living cost
195
195
195
195
Free-cash
133
-33
907
1 171

Estimated living cost  is £195 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1830
£1530
£1910
£1816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
88
-
2 000
-
income
18
-
400
-
total
18
-
400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 912
2 000
-
-
total
-
-
-
-
Dividends
1 912
2 000
-
-
withholding
96
100
-
-
total
96
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
114
100
400
20
After tax
1 886
1 900
1 600
1 980
Living cost
70
70
70
70
Free-cash
1 816
1 830
1 530
1 910

Estimated living cost  is £70 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1236
£957
£972
£1178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
353
other
-
-
-
63
health
-
-
-
59
pensions

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

-
-
-
320
total
-
-
-
795
Employee
318
-
1 662
-
unemployment
3
-
13
-
pensions

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

22
-
93
-
income
55
-
347
-
health
4
-
19
-
total
84
-
472
-
Employer
318
-
1 662
-
health
4
-
19
-
pensions

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

54
-
226
-
accident
3
-
13
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
338
-
Corporate
1 602
2 000
-
-
income
336
420
-
-
total
336
420
-
-
Dividends
1 266
1 580
-
-
withholding
89
111
-
-
total
89
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
589
531
810
795
After tax
1 411
1 469
1 190
1 205
Living cost
233
233
233
233
Free-cash
1 178
1 236
957
972

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
381
Employee
152
-
1 940
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
194
-
health
7
-
14
-
total
37
-
238
-
Employer
152
-
1 940
-
health
10
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
1 818
2 000
-
-
income
182
200
-
-
total
182
200
-
-
Dividends
1 636
1 800
-
-
withholding
82
90
-
-
total
82
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
331
290
298
381
After tax
1 669
1 710
1 702
1 619
Living cost
115
115
115
115
Free-cash
1 554
1 595
1 587
1 504

Estimated living cost  is £115 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£510
£792
£586
£534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
717
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
928
Employee
812
748
1 837
-
pensions
103
103
103
-
income

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

122
122
348
-
health
101
98
108
-
total
326
323
559
-
Employer
812
748
1 837
-
health
56
52
65
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
163
-
Corporate
1 046
1 121
-
-
income
209
224
-
-
total
209
224
-
-
Dividends
837
897
-
-
income
178
191
-
-
withholding
126
135
-
-
total
304
326
-
-
Income
2 000
2 000
2 000
2 000
Total tax
980
1 004
722
928
After tax
1 020
996
1 278
1 072
Living cost
486
486
486
486
Free-cash
534
510
792
586

Estimated living cost  is £486 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1162
£880
£968
£1084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
213
social contributions
-
-
-
309
solidarity contribution
-
-
-
25
health
-
-
-
270
total
-
-
-
817
Employee
316
-
1 592
-
solidarity contribution
-
-
18
-
social contributions
21
-
69
-
income
38
-
196
-
health
43
-
215
-
total
102
-
498
-
Employer
316
-
1 592
-
health
28
-
143
-
social contributions
79
-
264
-
total
107
-
407
-
Corporate
1 577
2 000
-
-
income
300
380
-
-
total
300
380
-
-
Dividends
1 277
1 620
-
-
withholding
192
243
-
-
total
192
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
701
623
905
817
After tax
1 299
1 377
1 095
1 183
Living cost
215
215
215
215
Free-cash
1 084
1 162
880
968

Estimated living cost  is £215 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£697
£522
£597
£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
social contributions
-
-
-
438
regional
-
-
-
25
municipal
-
-
-
12
national
-
-
-
558
total
-
-
-
1 033
Employee
778
-
2 000
-
municipal
4
-
11
-
national
135
-
499
-
regional
7
-
23
-
social contributions
262
-
575
-
total
408
-
1 108
-
Employer
778
-
2 000
-
total
-
-
-
-
Corporate
1 222
2 000
-
-
municipal
48
78
-
-
nationa
293
480
-
-
total
341
558
-
-
Dividends
881
1 442
-
-
withholding
229
375
-
-
total
229
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
978
933
1 108
1 033
After tax
1 022
1 067
892
967
Living cost
370
370
370
370
Free-cash
652
697
522
597

Estimated living cost  is £370 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1065
£694
£747
£1038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
634
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 060
Employee
290
-
1 754
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
97
-
income
49
-
581
-
health
7
-
30
-
total
96
-
867
-
Employer
290
-
1 754
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 649
2 000
-
-
income
429
520
-
-
total
429
520
-
-
Dividends
1 221
1 480
-
-
withholding
183
222
-
-
total
183
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
769
742
1 113
1 060
After tax
1 231
1 258
887
940
Living cost
193
193
193
193
Free-cash
1 038
1 065
694
747

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£222
£821
£896
£517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
other

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

-
-
-
40
regional
-
-
-
111
health
-
-
-
4
city
-
-
-
21
national
-
-
-
51
pensions
-
-
-
184
total
-
-
-
411
Employee
810
-
1 799
-
unemployment
-
-
-
-
pensions
68
-
141
-
national
4
-
42
-
regional
27
-
99
-
city
9
-
19
-
health
2
-
4
-
total
110
-
305
-
Employer
810
-
1 799
-
health
2
-
4
-
pensions
68
-
141
-
unemployment
-
-
-
-
other

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

16
-
36
-
total
86
-
181
-
Corporate
1 095
2 000
-
-
regional
231
423
-
-
national
93
170
-
-
total
324
593
-
-
Dividends
770
1 407
-
-
withholding
270
492
-
-
total
270
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
790
1 085
486
411
After tax
1 210
915
1 514
1 589
Living cost
693
693
693
693
Free-cash
517
222
821
896

Estimated living cost  is £693 per week

£450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£586
£833
£560
£729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
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.

-
-
-
669
surtax

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

-
-
-
37
health

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

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

-
-
-
60
trade
-
-
-
273
total
-
-
-
1 039
Employee

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

526
-
2 000
-
surtax

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

3
-
37
-
income

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

62
-
669
-
health

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

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

60
-
60
-
total
125
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 474
2 000
-
-
income
221
300
-
-
surtax

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

12
17
-
-
chamber of commerce
3
4
-
-
trade
253
343
-
-
total
489
664
-
-
Dividends
984
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
870
1 013
766
1 039
After tax
1 130
987
1 234
961
Living cost
401
401
401
401
Free-cash
729
586
833
560

Estimated living cost  is £401 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£708
£730
£792
£760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
377
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
313
total
-
-
-
908
Employee
375
-
1 524
-
pensions
42
-
116
-
surtax
-
-
-
-
social contributions
11
-
43
-
income
22
-
334
-
total
75
-
493
-
Employer
375
-
1 524
-
health
26
-
153
-
pensions
62
-
193
-
unemployment
15
-
62
-
social contributions
1
-
5
-
other
13
-
64
-
total
117
-
477
-
Corporate
1 508
2 000
-
-
income
422
560
-
-
surtax
-
-
-
-
total
422
560
-
-
Dividends
1 086
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
970
908
After tax
1 060
1 008
1 030
1 092
Living cost
300
300
300
300
Free-cash
760
708
730
792

Estimated living cost  is £300 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£738
£760
£822
£786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
377
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
313
total
-
-
-
908
Employee
335
-
1 524
-
pensions
38
-
116
-
surtax
-
-
-
-
social contributions
10
-
43
-
income
17
-
334
-
total
65
-
493
-
Employer
335
-
1 524
-
health
23
-
153
-
pensions
55
-
193
-
unemployment
14
-
62
-
social contributions
1
-
5
-
other
12
-
64
-
total
105
-
477
-
Corporate
1 561
2 000
-
-
income
437
560
-
-
surtax
-
-
-
-
total
437
560
-
-
Dividends
1 124
1 440
-
-
surtax
-
-
-
-
social contributions
193
248
-
-
withholding
144
184
-
-
total
337
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
944
992
970
908
After tax
1 056
1 008
1 030
1 092
Living cost
270
270
270
270
Free-cash
786
738
760
822

Estimated living cost  is £270 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
social contributions
-
-
-
276
health
-
-
-
140
total
-
-
-
716
Employee
297
-
2 000
-
social contributions
41
-
276
-
income
50
-
355
-
health
21
-
140
-
total
112
-
771
-
Employer
297
-
2 000
-
total
-
-
-
-
Corporate
1 703
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
1 618
1 900
-
-
social contributions
223
262
-
-
withholding
243
285
-
-
health
113
133
-
-
total
579
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
780
771
716
After tax
1 224
1 220
1 229
1 284
Living cost
186
186
186
186
Free-cash
1 038
1 034
1 043
1 098

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£794
£214
£715
£778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
645
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
976
Employee
438
349
1 658
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
542
-
health
17
14
40
-
total
129
89
728
-
Employer
438
349
1 658
-
chamber of commerce
2
1
7
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
50
-
other
21
17
73
-
total
129
102
343
-
Corporate
1 435
1 549
1 624
-
income

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

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

359
387
406
-
total
359
387
406
-
Dividends
1 076
1 162
-
-
withholding
296
319
-
-
total
296
319
-
-
Income
2 000
2 000
2 000
2 000
Total tax
913
897
1 477
976
After tax
1 087
1 103
523
1 024
Living cost
309
309
309
309
Free-cash
778
794
214
715

Estimated living cost  is £309 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£777
£360
£551
£667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
communal

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

-
-
-
107
social contributions
-
-
-
218
national
-
-
-
805
total
-
-
-
1 130
Employee

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

626
-
1 549
-
unemployment

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

5
-
13
-
communal

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

33
-
81
-
pensions

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

47
-
116
-
national
193
-
587
-
health

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

29
-
73
-
total
307
-
870
-
Employer

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

626
-
1 549
-
health

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

39
-
95
-
pensions

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

56
-
137
-
accident

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

8
-
20
-
unemployment

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

9
-
23
-
surtax
71
-
176
-
total
183
-
451
-
Corporate
1 191
2 000
-
-
income
238
430
-
-
surtax
5
9
-
-
total
243
439
-
-
Dividends
948
1 561
-
-
withholding

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

281
465
-
-
total
281
465
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 014
904
1 321
1 130
After tax
986
1 096
679
870
Living cost
319
319
319
319
Free-cash
667
777
360
551

Estimated living cost  is £319 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1012
£764
£801
£952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
639
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
883
Employee
436
-
1 741
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
92
-
609
-
total
119
-
661
-
Employer
436
-
1 741
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
6
-
total
139
-
259
-
Corporate
1 425
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
1 211
1 700
-
-
withholding
260
372
-
-
total
260
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
732
672
920
883
After tax
1 268
1 328
1 080
1 117
Living cost
316
316
316
316
Free-cash
952
1 012
764
801

Estimated living cost  is £316 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£654
£543
£461
£532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
communal
-
-
-
126
accident
-
-
-
17
income
-
-
-
380
surtax
-
-
-
99
health
-
-
-
141
pensions
-
-
-
300
total
-
-
-
1 063
Employee
663
-
1 787
-
pensions
53
-
143
-
surtax
41
-
109
-
income
64
-
437
-
health
30
-
79
-
total
188
-
768
-
Employer
663
-
1 787
-
health
20
-
54
-
pensions
53
-
143
-
accident
6
-
16
-
total
79
-
213
-
Corporate
1 258
2 000
-
-
communal
85
135
-
-
income
189
300
-
-
surtax
13
21
-
-
total
287
456
-
-
Dividends
971
1 544
-
-
income
292
182
-
-
withholding
146
232
-
-
total
438
414
-
-
Income
2 000
2 000
2 000
2 000
Total tax
992
870
981
1 063
After tax
1 008
1 130
1 019
937
Living cost
476
476
476
476
Free-cash
532
654
543
461

Estimated living cost  is £476 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1061
£690
£743
£1034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
634
other
-
-
-
-
surtax
-
-
-
107
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 060
Employee
295
-
1 754
-
other
-
-
-
-
unemployment
21
-
81
-
pensions
20
-
78
-
surtax
1
-
97
-
income
49
-
581
-
health
8
-
30
-
total
99
-
867
-
Employer
295
-
1 754
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 643
2 000
-
-
income
427
520
-
-
total
427
520
-
-
Dividends
1 216
1 480
-
-
withholding
182
222
-
-
total
182
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
769
742
1 113
1 060
After tax
1 231
1 258
887
940
Living cost
197
197
197
197
Free-cash
1 034
1 061
690
743

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£816
£650
£724
£795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
438
regional
-
-
-
32
municipal
-
-
-
12
national
-
-
-
558
total
-
-
-
1 040
Employee
486
-
2 000
-
municipal
3
-
11
-
national
77
-
499
-
regional
7
-
29
-
social contributions
164
-
575
-
total
251
-
1 114
-
Employer
486
-
2 000
-
total
-
-
-
-
Corporate
1 514
2 000
-
-
municipal
75
99
-
-
nationa
363
480
-
-
total
438
579
-
-
Dividends
1 076
1 421
-
-
withholding
280
369
-
-
total
280
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
969
948
1 114
1 040
After tax
1 031
1 052
886
960
Living cost
236
236
236
236
Free-cash
795
816
650
724

Estimated living cost  is £236 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1113
£831
£919
£1019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
213
social contributions
-
-
-
309
solidarity contribution
-
-
-
25
health
-
-
-
270
total
-
-
-
817
Employee
389
-
1 592
-
solidarity contribution
-
-
18
-
social contributions
25
-
69
-
income
47
-
196
-
health
52
-
215
-
total
124
-
498
-
Employer
389
-
1 592
-
health
35
-
143
-
social contributions
97
-
264
-
total
132
-
407
-
Corporate
1 479
2 000
-
-
income
281
380
-
-
total
281
380
-
-
Dividends
1 198
1 620
-
-
withholding
180
243
-
-
total
180
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
717
623
905
817
After tax
1 283
1 377
1 095
1 183
Living cost
264
264
264
264
Free-cash
1 019
1 113
831
919

Estimated living cost  is £264 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£824
£245
£747
£821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
645
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
8
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
974
Employee
383
349
1 659
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
543
-
health
15
14
40
-
total
103
89
729
-
Employer
383
349
1 659
-
chamber of commerce
2
1
7
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
50
-
other
18
17
73
-
total
109
100
341
-
Corporate
1 507
1 551
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.

377
388
406
-
total
377
388
406
-
Dividends
1 130
1 163
-
-
withholding
311
320
-
-
total
311
320
-
-
Income
2 000
2 000
2 000
2 000
Total tax
900
897
1 476
974
After tax
1 100
1 103
524
1 026
Living cost
279
279
279
279
Free-cash
821
824
245
747

Estimated living cost  is £279 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1790
£1490
£1870
£1770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
137
-
2 000
-
income
27
-
400
-
total
27
-
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%.

1 863
2 000
-
-
total
-
-
-
-
Dividends
1 863
2 000
-
-
withholding
93
100
-
-
total
93
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
120
100
400
20
After tax
1 880
1 900
1 600
1 980
Living cost
110
110
110
110
Free-cash
1 770
1 790
1 490
1 870

Estimated living cost  is £110 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1142
£648
£690
£1068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
2 000
income
-
-
-
510
unemployment
-
-
-
3
health
-
-
-
197
pensions
-
-
-
365
total
-
-
-
1 075
Employee

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

387
-
1 731
-
unemployment
1
-
2
-
pensions
60
-
268
-
income
67
-
466
-
health
25
-
112
-
total
153
-
848
-
Employer

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

387
-
1 731
-
health
26
-
115
-
pensions
34
-
153
-
unemployment
-
-
1
-
total
60
-
269
-
Corporate
1 553
2 000
-
-
income
295
380
-
-
total
295
380
-
-
Dividends
1 258
1 620
-
-
withholding
189
243
-
-
total
189
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
697
623
1 117
1 075
After tax
1 303
1 377
883
925
Living cost
235
235
235
235
Free-cash
1 068
1 142
648
690

Estimated living cost  is £235 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£843
£1512
£1008
£431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
537
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
537
-
-
-
social contributions
757
-
108
-
total
757
-
108
-
Corporate
707
2 000
-
-
income
155
440
-
-
total
155
440
-
-
Dividends
551
1 560
-
-
income
121
343
-
-
total
121
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 195
783
114
618
After tax
805
1 217
1 886
1 382
Living cost
374
374
374
374
Free-cash
431
843
1 512
1 008

Estimated living cost  is £374 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£863
£609
£767
£854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
695
total
-
-
-
958
Employee
403
-
1 616
-
surtax
-
-
3
-
social contributions
44
-
178
-
income
84
-
551
-
total
128
-
732
-
Employer
403
-
1 616
-
social contributions
96
-
384
-
total
96
-
384
-
Corporate
1 502
2 000
-
-
income
315
420
-
-
surtax
-
-
-
-
total
315
420
-
-
Dividends
1 186
1 580
-
-
withholding
332
442
-
-
total
332
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
871
862
1 116
958
After tax
1 129
1 138
884
1 042
Living cost
275
275
275
275
Free-cash
854
863
609
767

Estimated living cost  is £275 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£585
£607
£669
£645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
377
other
-
-
-
62
surtax
-
-
-
-
social contributions
-
-
-
57
health
-
-
-
99
pensions
-
-
-
313
total
-
-
-
908
Employee
548
-
1 524
-
pensions
62
-
116
-
surtax
-
-
-
-
social contributions
16
-
43
-
income
48
-
334
-
total
126
-
493
-
Employer
548
-
1 524
-
health
38
-
153
-
pensions
90
-
193
-
unemployment
22
-
62
-
social contributions
2
-
5
-
other
19
-
64
-
total
171
-
477
-
Corporate
1 280
2 000
-
-
income
358
560
-
-
surtax
-
-
-
-
total
358
560
-
-
Dividends
922
1 440
-
-
surtax
-
-
-
-
social contributions
159
248
-
-
withholding
118
184
-
-
total
277
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
932
992
970
908
After tax
1 068
1 008
1 030
1 092
Living cost
423
423
423
423
Free-cash
645
585
607
669

Estimated living cost  is £423 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1537
£1247
£1194
£1508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
103
social contributions
-
-
-
440
total
-
-
-
543
Employee
282
-
1 732
-
income
-
-
109
-
social contributions
18
-
113
-
total
18
-
222
-
Employer
282
-
1 732
-
social contributions
44
-
268
-
total
44
-
268
-
Corporate
1 675
2 000
-
-
income
167
200
-
-
total
167
200
-
-
Dividends
1 507
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
263
263
263
263
Free-cash
1 508
1 537
1 247
1 194

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£92
£92
£731
£53
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
labour market
-
-
-
159
municipal
-
-
-
430
national
-
-
-
250
pensions
-
-
-
8
total
-
-
-
847
Employee
1 780
1 780
1 780
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
741
741
741
-
Employer
1 780
1 780
1 780
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
92
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
72
-
-
-
withholding
19
-
-
-
total
19
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 525
1 486
1 486
847
After tax
475
514
514
1 153
Living cost
422
422
422
422
Free-cash
53
92
92
731

Estimated living cost  is £422 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
-£30
£910
£1174
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
accident
-
-
-
2
income
-
-
-
573
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
634
Employee
302
-
1 827
-
pensions
34
-
67
-
income
41
-
449
-
health
35
-
209
-
total
110
-
725
-
Employer
302
-
1 827
-
pensions
49
-
97
-
accident
5
-
31
-
unemployment
7
-
45
-
total
61
-
173
-
Corporate
1 637
2 000
-
-
income

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

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

Estimated living cost  is £192 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£889
£658
£888
£917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
health
-
-
-
27
municipal
-
-
-
355
national
-
-
-
394
total
-
-
-
776
Employee
461
-
1 683
-
municipal
75
-
274
-
unemployment
7
-
25
-
pensions
31
-
114
-
national
8
-
253
-
health
3
-
22
-
total
124
-
688
-
Employer
461
-
1 683
-
health
4
-
13
-
pensions
80
-
292
-
accident
-
-
2
-
unemployment
3
-
11
-
total
87
-
318
-
Corporate
1 452
2 000
-
-
income
290
400
-
-
total
290
400
-
-
Dividends

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

871
1 200
-
-
municipal
157
216
-
-
national
89
159
-
-
total
246
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
747
775
1 006
776
After tax
1 253
1 225
994
1 224
Living cost
336
336
336
336
Free-cash
917
889
658
888

Estimated living cost  is £336 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1256
£1126
£1141
£1208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
463
social contributions
-
-
-
142
health
-
-
-
51
total
-
-
-
656
Employee
673
673
1 890
-
social contributions
25
56
75
-
income
73
62
454
-
health
5
11
32
-
total
103
129
561
-
Employer
673
673
1 890
-
health
6
12
35
-
social contributions
25
56
75
-
total
31
68
110
-
Corporate
1 662
1 258
-
-
income
208
157
-
-
total
208
157
-
-
Dividends
1 454
1 101
-
-
withholding
247
187
-
-
total
247
187
-
-
Income
2 000
2 000
2 000
2 000
Total tax
589
541
671
656
After tax
1 411
1 459
1 329
1 344
Living cost
203
203
203
203
Free-cash
1 208
1 256
1 126
1 141

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£1517
£1389
£1566
£1472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 000
income
-
-
-
207
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
295
Employee

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

201
-
1 914
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
186
-
health
17
-
71
-
total
62
-
386
-
Employer

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

201
-
1 914
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 778
2 000
-
-
income
160
180
-
-
total
160
180
-
-
Dividends
1 618
1 820
-
-
withholding
146
164
-
-
total
146
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
389
344
472
295
After tax
1 611
1 656
1 528
1 705
Living cost
139
139
139
139
Free-cash
1 472
1 517
1 389
1 566

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1087
£839
£876
£1049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
639
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
883
Employee
324
-
1 741
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
609
-
total
82
-
661
-
Employer
324
-
1 741
-
pensions
76
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
6
-
total
103
-
259
-
Corporate
1 573
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
1 337
1 700
-
-
withholding
289
372
-
-
total
289
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
710
672
920
883
After tax
1 290
1 328
1 080
1 117
Living cost
241
241
241
241
Free-cash
1 049
1 087
839
876

Estimated living cost  is £241 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1230
£1271
£1272
£1227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
688
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
710
Employee
27
-
1 985
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
687
-
health
1
-
3
-
total
8
-
697
-
Employer
27
-
1 985
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
1 967
2 000
-
-
income
433
440
-
-
total
433
440
-
-
Dividends
1 534
1 560
-
-
withholding
307
312
-
-
total
307
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
755
752
711
710
After tax
1 245
1 248
1 289
1 290
Living cost
18
18
18
18
Free-cash
1 227
1 230
1 271
1 272

Estimated living cost  is £18 per week

£11
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1294
£1141
£1141
£1250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 000
income
-
-
-
463
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
total
-
-
-
708
Employee

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

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

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

228
-
1 884
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
31
-
463
-
health
12
-
33
-
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.

228
-
1 884
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 731
2 000
-
-
income
260
300
-
-
total
260
300
-
-
Dividends
1 471
1 700
-
-
withholding
221
255
-
-
total
221
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
555
708
708
After tax
1 401
1 445
1 292
1 292
Living cost
151
151
151
151
Free-cash
1 250
1 294
1 141
1 141

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£902
£648
£806
£899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
695
total
-
-
-
958
Employee
340
-
1 616
-
surtax
-
-
3
-
social contributions
37
-
178
-
income
66
-
551
-
total
103
-
732
-
Employer
340
-
1 616
-
social contributions
81
-
384
-
total
81
-
384
-
Corporate
1 579
2 000
-
-
income
332
420
-
-
surtax
-
-
-
-
total
332
420
-
-
Dividends
1 248
1 580
-
-
withholding
349
442
-
-
total
349
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
865
862
1 116
958
After tax
1 135
1 138
884
1 042
Living cost
236
236
236
236
Free-cash
899
902
648
806

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£1020
£772
£809
£964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
639
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
883
Employee
423
-
1 741
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
609
-
total
115
-
661
-
Employer
423
-
1 741
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
6
-
total
134
-
259
-
Corporate
1 442
2 000
-
-
income

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

216
300
-
-
total
216
300
-
-
Dividends
1 226
1 700
-
-
withholding
263
372
-
-
total
263
372
-
-
Income
2 000
2 000
2 000
2 000
Total tax
728
672
920
883
After tax
1 272
1 328
1 080
1 117
Living cost
308
308
308
308
Free-cash
964
1 020
772
809

Estimated living cost  is £308 per week

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

Source of data for Madrid model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
300
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
381
Employee
199
-
1 940
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
194
-
health
9
-
14
-
total
49
-
238
-
Employer
199
-
1 940
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 761
2 000
-
-
income
176
200
-
-
total
176
200
-
-
Dividends
1 585
1 800
-
-
withholding
79
90
-
-
total
79
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
343
290
298
381
After tax
1 657
1 710
1 702
1 619
Living cost
151
151
151
151
Free-cash
1 506
1 559
1 551
1 468

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£690
£896
£667
£804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
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.

-
-
-
669
surtax

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

-
-
-
37
health

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

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

-
-
-
60
trade
-
-
-
229
total
-
-
-
995
Employee

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

436
-
2 000
-
surtax

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

2
-
37
-
income

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

36
-
669
-
health

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

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

60
-
60
-
total
98
-
766
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 564
2 000
-
-
income
235
300
-
-
surtax

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

13
17
-
-
chamber of commerce
4
4
-
-
trade
224
287
-
-
total
476
608
-
-
Dividends
1 089
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
972
766
995
After tax
1 142
1 028
1 234
1 005
Living cost
338
338
338
338
Free-cash
804
690
896
667

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£901
£502
£502
£921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
655
social contributions
-
-
-
344
total
-
-
-
999
Employee
685
-
2 000
-
income
129
-
655
-
social contributions
57
-
344
-
total
186
-
999
-
Employer
685
-
2 000
-
total
-
-
-
-
Corporate
1 315
2 000
-
-
income
164
250
-
-
total
164
250
-
-
Dividends
1 151
1 750
-
-
withholding
230
350
-
-
total
230
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
580
600
999
999
After tax
1 420
1 400
1 001
1 001
Living cost
499
499
499
499
Free-cash
921
901
502
502

Estimated living cost  is £499 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£936
£1077
£1329
£967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 000
income
-
-
-
300
health

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

-
-
-
53
total
-
-
-
353
Employee
402
-
1 960
-
income
44
-
525
-
social contributions
40
-
40
-
total
84
-
565
-
Employer
402
-
1 960
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 558
2 000
-
-
income
545
700
-
-
total
545
700
-
-
Dividends
1 013
1 300
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 000
2 000
2 000
2 000
Total tax
715
746
605
353
After tax
1 285
1 254
1 395
1 647
Living cost
318
318
318
318
Free-cash
967
936
1 077
1 329

Estimated living cost  is £318 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £211 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1412
£1352
£1159
£1386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
income
-
-
-
337
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
258
total
-
-
-
723
Employee

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

189
-
2 000
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
337
-
total
71
-
530
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 811
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
1 630
1 800
-
-
withholding
244
270
-
-
total
244
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
496
470
530
723
After tax
1 504
1 530
1 470
1 277
Living cost
118
118
118
118
Free-cash
1 386
1 412
1 352
1 159

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
£705
£519
£592
£664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
438
regional
-
-
-
49
municipal
-
-
-
14
national
-
-
-
558
total
-
-
-
1 059
Employee
738
-
2 000
-
municipal
4
-
13
-
national
125
-
499
-
regional
11
-
45
-
social contributions
249
-
575
-
total
389
-
1 132
-
Employer
738
-
2 000
-
total
-
-
-
-
Corporate
1 262
2 000
-
-
municipal
61
96
-
-
nationa
303
480
-
-
total
364
576
-
-
Dividends
898
1 424
-
-
withholding
234
370
-
-
total
234
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
987
946
1 132
1 059
After tax
1 013
1 054
868
941
Living cost
349
349
349
349
Free-cash
664
705
519
592

Estimated living cost  is £349 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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