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
£ 2100
per

Your estimated
City
free-cash

Dresden , Germany
£796
£892
£760
£1027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
267
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.

-
-
-
713
health

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

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

-
-
-
59
surtax

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

-
-
-
39
total
-
-
-
1 078
Employee

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

331
-
2 100
-
health

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

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

59
-
59
-
surtax

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

1
-
39
-
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
-
713
-
total
69
-
811
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 769
2 100
-
-
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
17
-
-
income
265
315
-
-
trade
279
331
-
-
chamber of commerce
4
4
-
-
total
563
667
-
-
Dividends
1 207
1 433
-
-
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.

16
20
-
-
withholding
298
355
-
-
total
314
375
-
-
Income
2 100
2 100
2 100
2 100
Total tax
946
1 042
811
1 078
After tax
1 154
1 058
1 289
1 022
Living cost
262
262
262
262
Free-cash
892
796
1 027
760

Estimated living cost  is £262 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£874
£868
£748
£759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
234
pensions
-
-
-
252
national
-
-
-
407
social contributions
-
-
-
23
total
-
-
-
916
Employee
676
-
1 815
-
municipal
83
-
242
-
pensions
27
-
73
-
national
129
-
425
-
total
239
-
740
-
Employer
676
-
1 815
-
social contributions
7
-
20
-
pensions
54
-
145
-
total
61
-
165
-
Corporate
1 318
2 100
-
-
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%.

264
420
-
-
total
264
420
-
-
Dividends
1 055
1 680
-
-
withholding
232
370
-
-
total
232
370
-
-
Income
2 100
2 100
2 100
2 100
Total tax
796
790
905
916
After tax
1 304
1 310
1 195
1 184
Living cost
436
436
436
436
Free-cash
868
874
759
748

Estimated living cost  is £436 per week

£296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1500
£1429
£594
£742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
microenterprise
-
-
-
-
income
-
-
-
459
surtax
-
-
-
535
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.

-
-
-
332
total
-
-
-
1 326
Employee
253
-
1 668
-
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
-
113
-
surtax
-
-
242
-
income
45
-
392
-
total
73
-
747
-
Employer
253
-
1 668
-
social contributions

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

61
-
248
-
surtax
-
-
183
-
total
61
-
431
-
Corporate
1 786
2 100
-
-
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%.

357
420
-
-
total
357
420
-
-
Dividends

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

1 429
1 680
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
491
420
1 178
1 326
After tax
1 609
1 680
922
774
Living cost
180
180
180
180
Free-cash
1 429
1 500
742
594

Estimated living cost  is £180 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£687
£634
£756
£980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
773
pensions
-
-
-
101
health
-
-
-
107
total
-
-
-
981
Employee
739
739
1 939
-
health
113
96
107
-
income

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

121
121
388
-
pensions
133
101
101
-
total
367
318
596
-
Employer
739
739
1 939
-
unemployment
27
27
33
-
pensions
51
51
64
-
health
51
51
64
-
total
129
129
161
-
Corporate
1 241
1 232
-
-
income
248
246
-
-
total
248
246
-
-
Dividends
993
985
-
-
income
211
209
-
-
withholding
149
148
-
-
total
360
357
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 104
1 050
757
981
After tax
996
1 050
1 343
1 119
Living cost
362
362
362
362
Free-cash
634
687
980
756

Estimated living cost  is £362 per week

£257
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£814
£805
£705
£698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
563
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
286
total
-
-
-
1 061
Employee
475
-
1 870
-
municipal
142
-
558
-
national
-
-
281
-
total
142
-
839
-
Employer
475
-
1 870
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
1 475
2 100
-
-
income
325
462
-
-
total
325
462
-
-
Dividends
1 151
1 638
-
-
withholding
345
491
-
-
total
345
491
-
-
Income
2 100
2 100
2 100
2 100
Total tax
961
953
1 068
1 061
After tax
1 139
1 147
1 032
1 039
Living cost
333
333
333
333
Free-cash
805
814
698
705

Estimated living cost  is £333 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£709
£829
£670
£949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
279
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.

-
-
-
713
health

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

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

-
-
-
59
surtax

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

-
-
-
39
total
-
-
-
1 090
Employee

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

439
-
2 100
-
health

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

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

59
-
59
-
surtax

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

2
-
39
-
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
-
713
-
total
99
-
811
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 661
2 100
-
-
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
-
-
income
249
315
-
-
trade
273
345
-
-
chamber of commerce
4
4
-
-
total
540
681
-
-
Dividends
1 121
1 418
-
-
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
277
351
-
-
total
292
370
-
-
Income
2 100
2 100
2 100
2 100
Total tax
931
1 051
811
1 090
After tax
1 169
1 049
1 289
1 010
Living cost
340
340
340
340
Free-cash
829
709
949
670

Estimated living cost  is £340 per week

£227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1250
£1213
£1125
£1109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
500
health
-
-
-
54
social contributions
-
-
-
140
total
-
-
-
694
Employee
665
665
1 989
-
social contributions
32
55
74
-
health
7
11
34
-
income
70
62
491
-
total
109
128
599
-
Employer
665
665
1 989
-
social contributions
32
55
74
-
health
7
12
37
-
total
39
67
111
-
Corporate
1 671
1 367
-
-
income
209
171
-
-
total
209
171
-
-
Dividends
1 462
1 196
-
-
withholding
249
203
-
-
total
249
203
-
-
Income
2 100
2 100
2 100
2 100
Total tax
606
569
710
694
After tax
1 494
1 531
1 390
1 406
Living cost
281
281
281
281
Free-cash
1 213
1 250
1 109
1 125

Estimated living cost  is £281 per week

£192
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1022
£1024
£1296
£1059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
257
pensions
-
-
-
210
unemployment
-
-
-
32
health
-
-
-
147
total
-
-
-
646
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.

227
91
1 757
-
health
16
6
123
-
income
28
11
215
-
pensions
23
9
176
-
unemployment
3
1
26
-
total
70
27
540
-
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.

227
91
1 757
-
pensions
44
18
343
-
total
44
18
343
-
Corporate
1 828
1 992
-
-
income
165
179
-
-
total
165
179
-
-
Dividends
1 664
1 813
-
-
social contributions
323
352
-
-
withholding
316
344
-
-
total
639
696
-
-
Income
2 100
2 100
2 100
2 100
Total tax
918
920
883
646
After tax
1 182
1 180
1 217
1 454
Living cost
158
158
158
158
Free-cash
1 024
1 022
1 059
1 296

Estimated living cost  is £158 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1471
£1417
£917
£1001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
281
pensions
-
-
-
420
health
-
-
-
273
total
-
-
-
974
Employee
245
-
1 569
-
income
28
-
303
-
pensions
5
-
31
-
unemployment
4
-
25
-
total
37
-
359
-
Employer
245
-
1 569
-
unemployment
2
-
13
-
pensions
49
-
314
-
health
32
-
204
-
total
83
-
531
-
Corporate
1 772
2 100
-
-
income
354
420
-
-
total
354
420
-
-
Dividends
1 417
1 680
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
474
420
890
974
After tax
1 626
1 680
1 210
1 126
Living cost
209
209
209
209
Free-cash
1 417
1 471
1 001
917

Estimated living cost  is £209 per week

£143
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£19
£142
£1244
£974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
2
income
-
-
-
607
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
667
Employee
297
-
1 926
-
health
34
-
221
-
income
41
-
479
-
pensions
33
-
65
-
total
108
-
765
-
Employer
297
-
1 926
-
accident
5
-
32
-
unemployment
7
-
47
-
pensions
48
-
94
-
total
60
-
173
-
Corporate
1 743
2 100
-
-
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.

1 569
1 890
-
-
total
1 569
1 890
-
-
Dividends
174
210
-
-
withholding
33
40
-
-
total
33
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 770
1 930
938
667
After tax
330
170
1 162
1 433
Living cost
188
188
188
188
Free-cash
142
-19
974
1 244

Estimated living cost  is £188 per week

£138
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

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
£1916
£1901
£2000
£1601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 100
microenterprise

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

-
-
-
21
total
-
-
-
21
Employee
99
-
2 100
-
income
20
-
420
-
total
20
-
420
-
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%.

2 001
2 100
-
-
total
-
-
-
-
Dividends
2 001
2 100
-
-
withholding
100
105
-
-
total
100
105
-
-
Income
2 100
2 100
2 100
2 100
Total tax
120
105
420
21
After tax
1 980
1 995
1 680
2 079
Living cost
79
79
79
79
Free-cash
1 901
1 916
1 601
2 000

Estimated living cost  is £79 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1312
£1255
£1054
£1037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
379
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.

-
-
-
316
other
-
-
-
62
health
-
-
-
58
total
-
-
-
815
Employee
314
-
1 765
-
health
4
-
18
-
income
54
-
374
-
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
-
92
-
unemployment
3
-
13
-
total
83
-
497
-
Employer
314
-
1 765
-
accident
3
-
14
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

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

53
-
224
-
health
4
-
18
-
total
79
-
335
-
Corporate
1 707
2 100
-
-
income
358
441
-
-
total
358
441
-
-
Dividends
1 348
1 659
-
-
withholding
94
116
-
-
total
94
116
-
-
Income
2 100
2 100
2 100
2 100
Total tax
614
557
832
815
After tax
1 486
1 543
1 268
1 285
Living cost
231
231
231
231
Free-cash
1 255
1 312
1 037
1 054

Estimated living cost  is £231 per week

£163
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 Bratislava model

Close
London , United Kingdom
£730
£799
£766
£580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
660
pensions
-
-
-
90
total
-
-
-
750
Employee
826
-
1 829
-
health
14
-
24
-
income
149
-
535
-
pensions
80
-
106
-
total
243
-
665
-
Employer
826
-
1 829
-
pensions
98
-
236
-
health
16
-
35
-
total
114
-
271
-
Corporate
1 160
2 100
-
-
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.

220
399
-
-
total
220
399
-
-
Dividends
940
1 701
-
-
withholding
140
387
-
-
total
140
387
-
-
Income
2 100
2 100
2 100
2 100
Total tax
717
786
936
750
After tax
1 383
1 314
1 164
1 350
Living cost
584
584
584
584
Free-cash
799
730
580
766

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
£1681
£1641
£1590
£1679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
396
Employee
150
-
2 041
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
204
-
pensions

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

13
-
27
-
total
37
-
248
-
Employer
150
-
2 041
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
1 920
2 100
-
-
income
192
210
-
-
total
192
210
-
-
Dividends
1 728
1 890
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
2 100
2 100
2 100
2 100
Total tax
345
305
307
396
After tax
1 755
1 795
1 793
1 704
Living cost
114
114
114
114
Free-cash
1 641
1 681
1 679
1 590

Estimated living cost  is £114 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£570
£590
£639
£863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
773
pensions
-
-
-
101
health
-
-
-
107
total
-
-
-
981
Employee
802
739
1 939
-
health
100
96
107
-
income

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

121
121
388
-
pensions
101
101
101
-
total
322
318
596
-
Employer
802
739
1 939
-
unemployment
29
27
33
-
pensions
56
51
64
-
health
56
51
64
-
total
141
129
161
-
Corporate
1 157
1 232
-
-
income
231
246
-
-
total
231
246
-
-
Dividends
926
985
-
-
income
197
209
-
-
withholding
139
148
-
-
total
336
357
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 030
1 050
757
981
After tax
1 070
1 050
1 343
1 119
Living cost
480
480
480
480
Free-cash
590
570
863
639

Estimated living cost  is £480 per week

£354
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
£1239
£1166
£1048
£955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
228
health
-
-
-
283
solidarity contribution
-
-
-
35
social contributions
-
-
-
299
total
-
-
-
845
Employee
305
-
1 692
-
social contributions
20
-
66
-
health
41
-
228
-
solidarity contribution
-
-
26
-
income
37
-
210
-
total
98
-
530
-
Employer
305
-
1 692
-
social contributions
76
-
256
-
health
27
-
152
-
total
103
-
408
-
Corporate
1 691
2 100
-
-
income
321
399
-
-
total
321
399
-
-
Dividends
1 370
1 701
-
-
withholding
205
255
-
-
total
205
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
727
654
938
845
After tax
1 373
1 446
1 162
1 255
Living cost
207
207
207
207
Free-cash
1 166
1 239
955
1 048

Estimated living cost  is £207 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£755
£711
£657
£583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
13
regional
-
-
-
27
national
-
-
-
605
social contributions
-
-
-
433
total
-
-
-
1 078
Employee
769
-
2 100
-
social contributions
259
-
568
-
regional
7
-
25
-
municipal
4
-
12
-
national
133
-
547
-
total
403
-
1 152
-
Employer
769
-
2 100
-
total
-
-
-
-
Corporate
1 331
2 100
-
-
nationa
319
504
-
-
municipal
52
82
-
-
total
371
586
-
-
Dividends
960
1 514
-
-
withholding
250
394
-
-
total
250
394
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 024
980
1 152
1 078
After tax
1 076
1 120
948
1 022
Living cost
365
365
365
365
Free-cash
711
755
583
657

Estimated living cost  is £365 per week

£255
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.
£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 Milan model

Close
Thessaloniki , Greece
£1130
£1103
£795
£742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
682
pensions
-
-
-
231
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
117
total
-
-
-
1 114
Employee
286
-
1 857
-
other
-
-
-
-
health
7
-
29
-
surtax
1
-
107
-
income
48
-
630
-
pensions
19
-
77
-
unemployment
20
-
80
-
total
95
-
923
-
Employer
286
-
1 857
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
154
-
health
13
-
53
-
total
60
-
244
-
Corporate
1 754
2 100
-
-
income
456
546
-
-
total
456
546
-
-
Dividends
1 298
1 554
-
-
withholding
195
233
-
-
total
195
233
-
-
Income
2 100
2 100
2 100
2 100
Total tax
806
779
1 167
1 114
After tax
1 294
1 321
933
986
Living cost
191
191
191
191
Free-cash
1 103
1 130
742
795

Estimated living cost  is £191 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£915
£972
£951
£765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
660
pensions
-
-
-
90
total
-
-
-
750
Employee
554
-
1 829
-
health
8
-
24
-
income
100
-
535
-
pensions
47
-
106
-
total
155
-
665
-
Employer
554
-
1 829
-
pensions
60
-
236
-
health
11
-
35
-
total
71
-
271
-
Corporate
1 476
2 100
-
-
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.

280
399
-
-
total
280
399
-
-
Dividends
1 195
1 701
-
-
withholding
223
387
-
-
total
223
387
-
-
Income
2 100
2 100
2 100
2 100
Total tax
729
786
936
750
After tax
1 371
1 314
1 164
1 350
Living cost
399
399
399
399
Free-cash
972
915
765
951

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
£302
£583
£995
£927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
city
-
-
-
22
pensions
-
-
-
193
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.

-
-
-
42
regional
-
-
-
122
health
-
-
-
5
national
-
-
-
62
total
-
-
-
446
Employee
772
-
1 894
-
city
8
-
21
-
regional
25
-
110
-
health
2
-
4
-
pensions
65
-
143
-
unemployment
-
-
-
-
national
4
-
51
-
total
104
-
329
-
Employer
772
-
1 894
-
other

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

15
-
38
-
unemployment
-
-
-
-
pensions
65
-
143
-
health
2
-
4
-
total
82
-
185
-
Corporate
1 238
2 100
-
-
regional
262
444
-
-
national
105
178
-
-
total
367
622
-
-
Dividends
871
1 477
-
-
withholding
305
517
-
-
total
305
517
-
-
Income
2 100
2 100
2 100
2 100
Total tax
858
1 139
514
446
After tax
1 242
961
1 586
1 654
Living cost
659
659
659
659
Free-cash
583
302
927
995

Estimated living cost  is £659 per week

£429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£641
£781
£602
£893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 100
trade
-
-
-
291
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.

-
-
-
713
health

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

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

-
-
-
59
surtax

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

-
-
-
39
total
-
-
-
1 102
Employee

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

520
-
2 100
-
health

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

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

59
-
59
-
surtax

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

3
-
39
-
income

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

61
-
713
-
total
123
-
811
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 580
2 100
-
-
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
-
-
income
237
315
-
-
trade
271
360
-
-
chamber of commerce
4
4
-
-
total
525
696
-
-
Dividends
1 055
1 403
-
-
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
19
-
-
withholding
261
348
-
-
total
275
367
-
-
Income
2 100
2 100
2 100
2 100
Total tax
923
1 063
811
1 102
After tax
1 177
1 037
1 289
998
Living cost
396
396
396
396
Free-cash
781
641
893
602

Estimated living cost  is £396 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£762
£812
£839
£768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
413
pensions
-
-
-
320
other
-
-
-
65
health
-
-
-
107
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
965
Employee
370
-
1 595
-
social contributions
11
-
45
-
surtax
-
-
-
-
income
22
-
362
-
pensions
42
-
123
-
total
75
-
530
-
Employer
370
-
1 595
-
other
13
-
68
-
social contributions
1
-
5
-
unemployment
15
-
65
-
pensions
61
-
206
-
health
26
-
162
-
total
116
-
506
-
Corporate
1 614
2 100
-
-
surtax
-
-
-
-
income
452
588
-
-
total
452
588
-
-
Dividends
1 162
1 512
-
-
surtax
-
-
-
-
social contributions
200
260
-
-
withholding
149
194
-
-
total
349
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
992
1 042
1 036
965
After tax
1 108
1 058
1 064
1 135
Living cost
296
296
296
296
Free-cash
812
762
768
839

Estimated living cost  is £296 per week

£187
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£791
£841
£868
£797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
413
pensions
-
-
-
320
other
-
-
-
65
health
-
-
-
107
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
965
Employee
331
-
1 595
-
social contributions
9
-
45
-
surtax
-
-
-
-
income
17
-
362
-
pensions
37
-
123
-
total
63
-
530
-
Employer
331
-
1 595
-
other
11
-
68
-
social contributions
1
-
5
-
unemployment
13
-
65
-
pensions
54
-
206
-
health
23
-
162
-
total
102
-
506
-
Corporate
1 666
2 100
-
-
surtax
-
-
-
-
income
467
588
-
-
total
467
588
-
-
Dividends
1 200
1 512
-
-
surtax
-
-
-
-
social contributions
206
260
-
-
withholding
154
194
-
-
total
360
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
992
1 042
1 036
965
After tax
1 108
1 058
1 064
1 135
Living cost
267
267
267
267
Free-cash
841
791
797
868

Estimated living cost  is £267 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1099
£1104
£1165
£1105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
health
-
-
-
147
social contributions
-
-
-
290
total
-
-
-
752
Employee
293
-
2 100
-
social contributions
40
-
290
-
health
20
-
147
-
income
49
-
375
-
total
109
-
812
-
Employer
293
-
2 100
-
total
-
-
-
-
Corporate
1 807
2 100
-
-
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%.

90
105
-
-
total
90
105
-
-
Dividends
1 716
1 995
-
-
health
120
139
-
-
social contributions
237
275
-
-
withholding
257
299
-
-
total
614
713
-
-
Income
2 100
2 100
2 100
2 100
Total tax
813
818
812
752
After tax
1 287
1 282
1 288
1 348
Living cost
183
183
183
183
Free-cash
1 104
1 099
1 105
1 165

Estimated living cost  is £183 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£855
£838
£769
£242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
chamber of commerce
-
-
-
8
income
-
-
-
699
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
77
surtax
-
-
-
2
total
-
-
-
1 026
Employee
432
345
1 753
-
other
4
3
10
-
health
17
13
39
-
income
49
25
593
-
pensions
44
35
104
-
unemployment
13
10
30
-
total
127
86
776
-
Employer
432
345
1 753
-
accident
6
4
13
-
other
21
16
77
-
chamber of commerce
2
1
7
-
unemployment
13
10
30
-
surtax
2
2
2
-
pensions
54
43
127
-
payroll
13
10
53
-
health
16
13
38
-
total
127
99
347
-
Corporate
1 541
1 654
1 720
-
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.

385
414
430
-
total
385
414
430
-
Dividends
1 156
1 241
-
-
withholding
318
341
-
-
total
318
341
-
-
Income
2 100
2 100
2 100
2 100
Total tax
957
940
1 553
1 026
After tax
1 143
1 160
547
1 074
Living cost
305
305
305
305
Free-cash
838
855
242
769

Estimated living cost  is £305 per week

£203
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
£828
£730
£598
£392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
national
-
-
-
857
communal

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

-
-
-
113
social contributions
-
-
-
216
total
-
-
-
1 186
Employee

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

619
-
1 627
-
communal

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

32
-
85
-
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
-
76
-
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.

46
-
122
-
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
-
14
-
national
190
-
622
-
total
302
-
919
-
Employer

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

619
-
1 627
-
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
-
21
-
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
-
24
-
surtax
70
-
184
-
pensions

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

55
-
144
-
health

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

38
-
100
-
total
180
-
473
-
Corporate
1 301
2 100
-
-
surtax
5
9
-
-
income
260
461
-
-
total
265
470
-
-
Dividends
1 035
1 630
-
-
withholding

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

307
486
-
-
total
307
486
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 054
956
1 392
1 186
After tax
1 046
1 144
708
914
Living cost
316
316
316
316
Free-cash
730
828
392
598

Estimated living cost  is £316 per week

£203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1080
£1020
£859
£823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
7
income
-
-
-
687
pensions
-
-
-
227
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
928
Employee
431
-
1 844
-
other
-
-
1
-
income
91
-
658
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
118
-
709
-
Employer
431
-
1 844
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
189
-
total
138
-
255
-
Corporate
1 532
2 100
-
-
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.

230
315
-
-
total
230
315
-
-
Dividends
1 302
1 785
-
-
withholding
281
392
-
-
total
281
392
-
-
Income
2 100
2 100
2 100
2 100
Total tax
767
707
964
928
After tax
1 333
1 393
1 136
1 172
Living cost
312
312
312
312
Free-cash
1 020
1 080
823
859

Estimated living cost  is £312 per week

£230
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.
£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.
£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
£706
£589
£510
£588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
17
income
-
-
-
413
pensions
-
-
-
308
health
-
-
-
144
surtax
-
-
-
105
communal
-
-
-
133
total
-
-
-
1 120
Employee
655
-
1 876
-
health
29
-
83
-
surtax
40
-
115
-
income
63
-
470
-
pensions
52
-
150
-
total
184
-
818
-
Employer
655
-
1 876
-
accident
6
-
17
-
pensions
52
-
150
-
health
20
-
57
-
total
78
-
224
-
Corporate
1 366
2 100
-
-
surtax
14
22
-
-
communal
92
142
-
-
income
205
315
-
-
total
311
479
-
-
Dividends
1 055
1 621
-
-
income
310
202
-
-
withholding
158
243
-
-
total
468
445
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 041
924
1 042
1 120
After tax
1 059
1 176
1 058
980
Living cost
470
470
470
470
Free-cash
589
706
588
510

Estimated living cost  is £470 per week

£353
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1127
£1101
£792
£739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
682
pensions
-
-
-
231
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
117
total
-
-
-
1 114
Employee
291
-
1 857
-
other
-
-
-
-
health
7
-
29
-
surtax
1
-
107
-
income
49
-
630
-
pensions
19
-
77
-
unemployment
20
-
80
-
total
96
-
923
-
Employer
291
-
1 857
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
154
-
health
13
-
53
-
total
61
-
244
-
Corporate
1 747
2 100
-
-
income
454
546
-
-
total
454
546
-
-
Dividends
1 293
1 554
-
-
withholding
194
233
-
-
total
194
233
-
-
Income
2 100
2 100
2 100
2 100
Total tax
805
779
1 167
1 114
After tax
1 295
1 321
933
986
Living cost
194
194
194
194
Free-cash
1 101
1 127
739
792

Estimated living cost  is £194 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£871
£851
£782
£709
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
13
regional
-
-
-
34
national
-
-
-
605
social contributions
-
-
-
433
total
-
-
-
1 085
Employee
480
-
2 100
-
social contributions
162
-
568
-
regional
6
-
31
-
municipal
3
-
12
-
national
76
-
547
-
total
247
-
1 158
-
Employer
480
-
2 100
-
total
-
-
-
-
Corporate
1 620
2 100
-
-
nationa
389
504
-
-
municipal
81
104
-
-
total
470
608
-
-
Dividends
1 151
1 492
-
-
withholding
299
388
-
-
total
299
388
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 016
996
1 158
1 085
After tax
1 084
1 104
942
1 015
Living cost
233
233
233
233
Free-cash
851
871
709
782

Estimated living cost  is £233 per week

£145
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
£1190
£1099
£999
£906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
228
health
-
-
-
283
solidarity contribution
-
-
-
35
social contributions
-
-
-
299
total
-
-
-
845
Employee
376
-
1 692
-
social contributions
24
-
66
-
health
51
-
228
-
solidarity contribution
-
-
26
-
income
45
-
210
-
total
120
-
530
-
Employer
376
-
1 692
-
social contributions
94
-
256
-
health
34
-
152
-
total
128
-
408
-
Corporate
1 596
2 100
-
-
income
303
399
-
-
total
303
399
-
-
Dividends
1 293
1 701
-
-
withholding
194
255
-
-
total
194
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
745
654
938
845
After tax
1 355
1 446
1 162
1 255
Living cost
256
256
256
256
Free-cash
1 099
1 190
906
999

Estimated living cost  is £256 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£885
£877
£800
£272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
chamber of commerce
-
-
-
8
income
-
-
-
699
pensions
-
-
-
187
unemployment
-
-
-
53
health
-
-
-
77
surtax
-
-
-
-
total
-
-
-
1 024
Employee
378
345
1 755
-
other
4
3
10
-
health
15
13
39
-
income
34
25
594
-
pensions
39
35
104
-
unemployment
11
10
30
-
total
103
86
777
-
Employer
378
345
1 755
-
accident
5
4
13
-
other
18
16
77
-
chamber of commerce
2
1
7
-
unemployment
11
10
30
-
surtax
-
-
-
-
pensions
47
43
127
-
payroll
11
10
53
-
health
14
13
38
-
total
108
97
345
-
Corporate
1 613
1 656
1 722
-
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.

403
414
430
-
total
403
414
430
-
Dividends
1 210
1 242
-
-
withholding
333
342
-
-
total
333
342
-
-
Income
2 100
2 100
2 100
2 100
Total tax
947
939
1 552
1 024
After tax
1 153
1 161
548
1 076
Living cost
276
276
276
276
Free-cash
877
885
272
800

Estimated living cost  is £276 per week

£166
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1872
£1849
£1956
£1557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 100
microenterprise

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

-
-
-
21
total
-
-
-
21
Employee
154
-
2 100
-
income
31
-
420
-
total
31
-
420
-
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%.

1 946
2 100
-
-
total
-
-
-
-
Dividends
1 946
2 100
-
-
withholding
97
105
-
-
total
97
105
-
-
Income
2 100
2 100
2 100
2 100
Total tax
128
105
420
21
After tax
1 972
1 995
1 680
2 079
Living cost
123
123
123
123
Free-cash
1 849
1 872
1 557
1 956

Estimated living cost  is £123 per week

£83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1214
£1142
£726
£681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
548
pensions
-
-
-
384
unemployment
-
-
-
3
health
-
-
-
207
total
-
-
-
1 142
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.

383
-
1 817
-
health
25
-
117
-
income
66
-
502
-
pensions
59
-
282
-
unemployment
1
-
3
-
total
151
-
904
-
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.

383
-
1 817
-
unemployment
-
-
1
-
pensions
34
-
161
-
health
25
-
121
-
total
59
-
283
-
Corporate
1 658
2 100
-
-
income
315
399
-
-
total
315
399
-
-
Dividends
1 343
1 701
-
-
withholding
201
255
-
-
total
201
255
-
-
Income
2 100
2 100
2 100
2 100
Total tax
726
654
1 187
1 142
After tax
1 374
1 446
913
958
Living cost
232
232
232
232
Free-cash
1 142
1 214
681
726

Estimated living cost  is £232 per week

£159
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.
£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

Source of data for Ljubljana model

Close
Oslo , Norway
£903
£489
£1077
£1611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
409
social contributions
-
-
-
239
total
-
-
-
648
Employee
538
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
538
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
804
2 100
-
-
income
177
462
-
-
total
177
462
-
-
Dividends
627
1 638
-
-
income
138
360
-
-
total
138
360
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 236
822
114
648
After tax
864
1 278
1 986
1 452
Living cost
375
375
375
375
Free-cash
489
903
1 611
1 077

Estimated living cost  is £375 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.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£923
£913
£816
£647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 100
income
-
-
-
283
surtax
-
-
-
-
social contributions

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

-
-
-
730
total
-
-
-
1 013
Employee
398
-
1 697
-
social contributions
44
-
187
-
surtax
-
-
5
-
income
83
-
587
-
total
127
-
779
-
Employer
398
-
1 697
-
social contributions
95
-
403
-
total
95
-
403
-
Corporate
1 607
2 100
-
-
surtax
-
-
-
-
income
338
441
-
-
total
338
441
-
-
Dividends
1 270
1 659
-
-
withholding
356
465
-
-
total
356
465
-
-
Income
2 100
2 100
2 100
2 100
Total tax
916
906
1 182
1 013
After tax
1 184
1 194
918
1 087
Living cost
271
271
271
271
Free-cash
913
923
647
816

Estimated living cost  is £271 per week

£203
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
£640
£700
£717
£646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
413
pensions
-
-
-
320
other
-
-
-
65
health
-
-
-
107
surtax
-
-
-
-
social contributions
-
-
-
60
total
-
-
-
965
Employee
542
-
1 595
-
social contributions
15
-
45
-
surtax
-
-
-
-
income
47
-
362
-
pensions
61
-
123
-
total
123
-
530
-
Employer
542
-
1 595
-
other
19
-
68
-
social contributions
2
-
5
-
unemployment
22
-
65
-
pensions
89
-
206
-
health
38
-
162
-
total
170
-
506
-
Corporate
1 389
2 100
-
-
surtax
-
-
-
-
income
389
588
-
-
total
389
588
-
-
Dividends
1 000
1 512
-
-
surtax
-
-
-
-
social contributions
172
260
-
-
withholding
128
194
-
-
total
300
454
-
-
Income
2 100
2 100
2 100
2 100
Total tax
982
1 042
1 036
965
After tax
1 118
1 058
1 064
1 135
Living cost
418
418
418
418
Free-cash
700
640
646
717

Estimated living cost  is £418 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1630
£1601
£1267
£1323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
111
social contributions
-
-
-
462
total
-
-
-
573
Employee
278
-
1 818
-
income
-
-
117
-
social contributions
18
-
118
-
total
18
-
235
-
Employer
278
-
1 818
-
social contributions
43
-
282
-
total
43
-
282
-
Corporate
1 779
2 100
-
-
income
178
210
-
-
total
178
210
-
-
Dividends
1 601
1 890
-
-
total
-
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
239
210
517
573
After tax
1 861
1 890
1 583
1 527
Living cost
260
260
260
260
Free-cash
1 601
1 630
1 323
1 267

Estimated living cost  is £260 per week

£168
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£213
£114
£788
£213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
455
pensions
-
-
-
8
national
-
-
-
265
labour market
-
-
-
167
total
-
-
-
895
Employee
1 759
1 759
1 759
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 759
1 759
1 759
-
labour market
141
141
141
-
municipal
375
375
375
-
pensions
5
5
5
-
national
215
215
215
-
total
736
736
736
-
Corporate
214
-
-
-
income
47
-
-
-
total
47
-
-
-
Dividends
167
-
-
-
withholding
52
-
-
-
total
52
-
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 569
1 470
1 470
895
After tax
531
630
630
1 205
Living cost
417
417
417
417
Free-cash
114
213
213
788

Estimated living cost  is £417 per week

£285
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.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
-£16
£142
£1247
£976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
2
income
-
-
-
607
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
667
Employee
292
-
1 926
-
health
33
-
221
-
income
40
-
479
-
pensions
33
-
65
-
total
106
-
765
-
Employer
292
-
1 926
-
accident
5
-
32
-
unemployment
7
-
47
-
pensions
48
-
94
-
total
60
-
173
-
Corporate
1 748
2 100
-
-
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.

1 573
1 890
-
-
total
1 573
1 890
-
-
Dividends
175
210
-
-
withholding
33
40
-
-
total
33
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 772
1 930
938
667
After tax
328
170
1 162
1 433
Living cost
186
186
186
186
Free-cash
142
-16
976
1 247

Estimated living cost  is £186 per week

£135
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£947
£975
£938
£696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 100
municipal
-
-
-
373
health
-
-
-
29
national
-
-
-
428
total
-
-
-
830
Employee
455
-
1 767
-
health
3
-
24
-
municipal
75
-
288
-
pensions
31
-
119
-
unemployment
7
-
27
-
national
8
-
280
-
total
124
-
738
-
Employer
455
-
1 767
-
accident
-
-
2
-
unemployment
3
-
11
-
pensions
79
-
307
-
health
3
-
14
-
total
85
-
334
-
Corporate
1 559
2 100
-
-
income
312
420
-
-
total
312
420
-
-
Dividends

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

935
1 260
-
-
national
104
174
-
-
municipal
168
227
-
-
total
272
401
-
-
Income
2 100
2 100
2 100
2 100
Total tax
793
821
1 072
830
After tax
1 307
1 279
1 028
1 270
Living cost
332
332
332
332
Free-cash
975
947
696
938

Estimated living cost  is £332 per week

£217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1331
£1283
£1206
£1190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
500
health
-
-
-
54
social contributions
-
-
-
140
total
-
-
-
694
Employee
665
665
1 989
-
social contributions
25
55
74
-
health
5
11
34
-
income
72
62
491
-
total
102
128
599
-
Employer
665
665
1 989
-
social contributions
25
55
74
-
health
6
12
37
-
total
31
67
111
-
Corporate
1 766
1 367
-
-
income
221
171
-
-
total
221
171
-
-
Dividends
1 545
1 196
-
-
withholding
263
203
-
-
total
263
203
-
-
Income
2 100
2 100
2 100
2 100
Total tax
617
569
710
694
After tax
1 483
1 531
1 390
1 406
Living cost
200
200
200
200
Free-cash
1 283
1 331
1 190
1 206

Estimated living cost  is £200 per week

£120
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£1602
£1557
£1659
£1485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 100
income
-
-
-
218
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
304
Employee

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

199
-
2 015
-
health
17
-
70
-
income
14
-
197
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
394
-
Employer

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

199
-
2 015
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
1 881
2 100
-
-
income
169
189
-
-
total
169
189
-
-
Dividends
1 712
1 911
-
-
withholding
154
172
-
-
total
154
172
-
-
Income
2 100
2 100
2 100
2 100
Total tax
406
361
478
304
After tax
1 694
1 739
1 622
1 796
Living cost
137
137
137
137
Free-cash
1 557
1 602
1 485
1 659

Estimated living cost  is £137 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1155
£1115
£934
£898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
7
income
-
-
-
687
pensions
-
-
-
227
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
928
Employee
320
-
1 844
-
other
-
-
1
-
income
62
-
658
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
82
-
709
-
Employer
320
-
1 844
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
189
-
total
103
-
255
-
Corporate
1 678
2 100
-
-
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.

252
315
-
-
total
252
315
-
-
Dividends
1 426
1 785
-
-
withholding
310
392
-
-
total
310
392
-
-
Income
2 100
2 100
2 100
2 100
Total tax
747
707
964
928
After tax
1 353
1 393
1 136
1 172
Living cost
238
238
238
238
Free-cash
1 115
1 155
898
934

Estimated living cost  is £238 per week

£161
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.
£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 Valencia model

Close
Istanbul , Turkey
£1286
£1283
£1327
£1325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
719
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
749
Employee
36
-
2 080
-
health
2
-
4
-
income
7
-
718
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
731
-
Employer
36
-
2 080
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 056
2 100
-
-
income
452
462
-
-
total
452
462
-
-
Dividends
1 603
1 638
-
-
withholding
321
328
-
-
total
321
328
-
-
Income
2 100
2 100
2 100
2 100
Total tax
793
790
751
749
After tax
1 307
1 310
1 349
1 351
Living cost
24
24
24
24
Free-cash
1 283
1 286
1 325
1 327

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1367
£1323
£1219
£1218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
489
pensions
-
-
-
166
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
731
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.

226
-
1 985
-
health
12
-
33
-
income
31
-
489
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
617
-
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.

226
-
1 985
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
1 834
2 100
-
-
income
275
315
-
-
total
275
315
-
-
Dividends
1 559
1 785
-
-
withholding
234
268
-
-
total
234
268
-
-
Income
2 100
2 100
2 100
2 100
Total tax
627
583
732
731
After tax
1 473
1 517
1 368
1 369
Living cost
150
150
150
150
Free-cash
1 323
1 367
1 218
1 219

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£961
£957
£854
£685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
283
surtax
-
-
-
-
social contributions

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

-
-
-
730
total
-
-
-
1 013
Employee
336
-
1 697
-
social contributions
37
-
187
-
surtax
-
-
5
-
income
66
-
587
-
total
103
-
779
-
Employer
336
-
1 697
-
social contributions
80
-
403
-
total
80
-
403
-
Corporate
1 684
2 100
-
-
surtax
-
-
-
-
income
354
441
-
-
total
354
441
-
-
Dividends
1 331
1 659
-
-
withholding
373
465
-
-
total
373
465
-
-
Income
2 100
2 100
2 100
2 100
Total tax
910
906
1 182
1 013
After tax
1 190
1 194
918
1 087
Living cost
233
233
233
233
Free-cash
957
961
685
854

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.
£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
£1089
£1034
£868
£832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
7
income
-
-
-
687
pensions
-
-
-
227
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
928
Employee
418
-
1 844
-
other
-
-
1
-
income
87
-
658
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
113
-
709
-
Employer
418
-
1 844
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
189
-
total
133
-
255
-
Corporate
1 549
2 100
-
-
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.

232
315
-
-
total
232
315
-
-
Dividends
1 317
1 785
-
-
withholding
284
392
-
-
total
284
392
-
-
Income
2 100
2 100
2 100
2 100
Total tax
762
707
964
928
After tax
1 338
1 393
1 136
1 172
Living cost
304
304
304
304
Free-cash
1 034
1 089
832
868

Estimated living cost  is £304 per week

£218
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
£1646
£1594
£1555
£1644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
315
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
396
Employee
197
-
2 041
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
204
-
pensions

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

17
-
27
-
total
48
-
248
-
Employer
197
-
2 041
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
1 864
2 100
-
-
income
186
210
-
-
total
186
210
-
-
Dividends
1 678
1 890
-
-
withholding
84
95
-
-
total
84
95
-
-
Income
2 100
2 100
2 100
2 100
Total tax
357
305
307
396
After tax
1 743
1 795
1 793
1 704
Living cost
149
149
149
149
Free-cash
1 594
1 646
1 644
1 555

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Sofia model

Close
Berlin , Germany
£747
£859
£711
£955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
trade
-
-
-
244
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.

-
-
-
713
health

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

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

-
-
-
59
surtax

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

-
-
-
39
total
-
-
-
1 055
Employee

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

431
-
2 100
-
health

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

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

59
-
59
-
surtax

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

2
-
39
-
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.

35
-
713
-
total
96
-
811
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 669
2 100
-
-
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
-
-
income
250
315
-
-
trade
240
301
-
-
chamber of commerce
4
4
-
-
total
508
637
-
-
Dividends
1 162
1 462
-
-
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.

16
20
-
-
withholding
287
362
-
-
total
303
382
-
-
Income
2 100
2 100
2 100
2 100
Total tax
907
1 019
811
1 055
After tax
1 193
1 081
1 289
1 045
Living cost
334
334
334
334
Free-cash
859
747
955
711

Estimated living cost  is £334 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.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£977
£996
£546
£546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
697
social contributions
-
-
-
364
total
-
-
-
1 061
Employee
677
-
2 100
-
income
128
-
697
-
social contributions
56
-
364
-
total
184
-
1 061
-
Employer
677
-
2 100
-
total
-
-
-
-
Corporate
1 423
2 100
-
-
income
178
262
-
-
total
178
262
-
-
Dividends
1 245
1 838
-
-
withholding
249
368
-
-
total
249
368
-
-
Income
2 100
2 100
2 100
2 100
Total tax
611
630
1 061
1 061
After tax
1 489
1 470
1 039
1 039
Living cost
493
493
493
493
Free-cash
996
977
546
546

Estimated living cost  is £493 per week

£375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1005
£1035
£1413
£1144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
income
-
-
-
315
health

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

-
-
-
58
total
-
-
-
373
Employee
397
-
2 060
-
income
43
-
562
-
social contributions
40
-
40
-
total
83
-
602
-
Employer
397
-
2 060
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 663
2 100
-
-
income
582
735
-
-
total
582
735
-
-
Dividends
1 081
1 365
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 100
2 100
2 100
2 100
Total tax
751
781
642
373
After tax
1 349
1 319
1 458
1 727
Living cost
314
314
314
314
Free-cash
1 035
1 005
1 144
1 413

Estimated living cost  is £314 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£990
£1042
£1026
£840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
income
-
-
-
660
pensions
-
-
-
90
total
-
-
-
750
Employee
445
-
1 829
-
health
6
-
24
-
income
81
-
535
-
pensions
34
-
106
-
total
121
-
665
-
Employer
445
-
1 829
-
pensions
45
-
236
-
health
8
-
35
-
total
53
-
271
-
Corporate
1 601
2 100
-
-
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.

304
399
-
-
total
304
399
-
-
Dividends
1 297
1 701
-
-
withholding
256
387
-
-
total
256
387
-
-
Income
2 100
2 100
2 100
2 100
Total tax
734
786
936
750
After tax
1 366
1 314
1 164
1 350
Living cost
324
324
324
324
Free-cash
1 042
990
840
1 026

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
-£34
£139
£1229
£958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
accident
-
-
-
2
income
-
-
-
607
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
667
Employee
321
-
1 926
-
health
37
-
221
-
income
44
-
479
-
pensions
36
-
65
-
total
117
-
765
-
Employer
321
-
1 926
-
accident
5
-
32
-
unemployment
8
-
47
-
pensions
52
-
94
-
total
65
-
173
-
Corporate
1 713
2 100
-
-
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.

1 542
1 890
-
-
total
1 542
1 890
-
-
Dividends
171
210
-
-
withholding
33
40
-
-
total
33
40
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 757
1 930
938
667
After tax
343
170
1 162
1 433
Living cost
204
204
204
204
Free-cash
139
-34
958
1 229

Estimated living cost  is £204 per week

£150
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.
£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 Warsaw model

Close
Skopje , Macedonia
£1489
£1464
£1247
£1439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 100
work injury
-
-
-
7
health insurance
-
-
-
102
income
-
-
-
355
pensions
-
-
-
255
unemployment
-
-
-
17
total
-
-
-
736
Employee

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

187
-
2 100
-
work injury
1
-
3
-
income
19
-
355
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 913
2 100
-
-
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%.

191
210
-
-
total
191
210
-
-
Dividends
1 722
1 890
-
-
withholding
258
284
-
-
total
258
284
-
-
Income
2 100
2 100
2 100
2 100
Total tax
519
494
544
736
After tax
1 581
1 606
1 556
1 364
Living cost
117
117
117
117
Free-cash
1 464
1 489
1 439
1 247

Estimated living cost  is £117 per week

£72
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.
£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.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£761
£722
£649
£578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 100
municipal
-
-
-
15
regional
-
-
-
53
national
-
-
-
605
social contributions
-
-
-
433
total
-
-
-
1 106
Employee
729
-
2 100
-
social contributions
246
-
568
-
regional
11
-
48
-
municipal
4
-
14
-
national
123
-
547
-
total
384
-
1 177
-
Employer
729
-
2 100
-
total
-
-
-
-
Corporate
1 371
2 100
-
-
nationa
329
504
-
-
municipal
66
101
-
-
total
395
605
-
-
Dividends
976
1 495
-
-
withholding
254
389
-
-
total
254
389
-
-
Income
2 100
2 100
2 100
2 100
Total tax
1 033
994
1 177
1 106
After tax
1 067
1 106
923
994
Living cost
345
345
345
345
Free-cash
722
761
578
649

Estimated living cost  is £345 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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