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
£ 2150
per

Your estimated
City
free-cash

Dresden , Germany
£818
£1053
£779
£914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
731
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.

-
-
-
40
health

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

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

-
-
-
60
trade
-
-
-
274
total
-
-
-
1 105
Employee

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

336
-
2 150
-
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
-
40
-
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
-
731
-
health

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

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

60
-
60
-
total
70
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 814
2 150
-
-
income
272
322
-
-
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
18
-
-
chamber of commerce
4
4
-
-
trade
286
339
-
-
total
577
683
-
-
Dividends
1 237
1 467
-
-
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.

17
20
-
-
withholding
306
363
-
-
total
323
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
970
1 066
831
1 105
After tax
1 180
1 084
1 319
1 045
Living cost
266
266
266
266
Free-cash
914
818
1 053
779

Estimated living cost  is £266 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£875
£763
£752
£867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
23
municipal
-
-
-
239
national
-
-
-
411
pensions
-
-
-
258
total
-
-
-
931
Employee
723
-
1 859
-
municipal
89
-
248
-
pensions
29
-
74
-
national
138
-
429
-
total
256
-
751
-
Employer
723
-
1 859
-
pensions
58
-
149
-
social contributions
8
-
20
-
total
66
-
169
-
Corporate
1 313
2 150
-
-
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%.

263
430
-
-
total
263
430
-
-
Dividends
1 051
1 720
-
-
withholding
231
378
-
-
total
231
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
816
808
920
931
After tax
1 334
1 342
1 230
1 219
Living cost
467
467
467
467
Free-cash
867
875
763
752

Estimated living cost  is £467 per week

£317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1537
£761
£611
£1465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
471
surtax
-
-
-
548
social contributions

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

-
-
-
337
microenterprise
-
-
-
-
total
-
-
-
1 356
Employee
257
-
1 710
-
surtax
-
-
248
-
social contributions

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

28
-
115
-
income
46
-
403
-
total
74
-
766
-
Employer
257
-
1 710
-
social contributions

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

62
-
252
-
surtax
-
-
188
-
total
62
-
440
-
Corporate
1 831
2 150
-
-
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%.

366
430
-
-
total
366
430
-
-
Dividends

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

1 465
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
502
430
1 206
1 356
After tax
1 648
1 720
944
794
Living cost
183
183
183
183
Free-cash
1 465
1 537
761
611

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£705
£1006
£777
£652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
794
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 005
Employee
750
750
1 987
-
pensions
135
103
103
-
income

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

123
123
401
-
health
115
98
108
-
total
373
324
612
-
Employer
750
750
1 987
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
1 278
1 268
-
-
income
256
254
-
-
total
256
254
-
-
Dividends
1 022
1 015
-
-
income
217
216
-
-
withholding
153
152
-
-
total
370
368
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 130
1 077
776
1 005
After tax
1 020
1 073
1 374
1 145
Living cost
368
368
368
368
Free-cash
652
705
1 006
777

Estimated living cost  is £368 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£814
£700
£709
£805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
573
national
-
-
-
279
pensions
-
-
-
85
total
-
-
-
1 081
Employee
513
-
1 902
-
municipal
153
-
567
-
national
-
-
274
-
total
153
-
841
-
Employer
513
-
1 902
-
health
32
-
49
-
pensions
55
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
162
-
249
-
Corporate
1 476
2 150
-
-
income
325
473
-
-
total
325
473
-
-
Dividends
1 151
1 677
-
-
withholding
345
503
-
-
total
345
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
985
976
1 090
1 081
After tax
1 165
1 174
1 060
1 069
Living cost
360
360
360
360
Free-cash
805
814
700
709

Estimated living cost  is £360 per week

£239
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£727
£974
£688
£851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
731
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.

-
-
-
40
health

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

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

-
-
-
60
trade
-
-
-
286
total
-
-
-
1 117
Employee

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

446
-
2 150
-
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
-
40
-
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
-
731
-
health

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

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

60
-
60
-
total
100
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 704
2 150
-
-
income
256
322
-
-
surtax

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

14
18
-
-
chamber of commerce
4
4
-
-
trade
280
354
-
-
total
554
698
-
-
Dividends
1 151
1 452
-
-
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
284
360
-
-
total
300
380
-
-
Income
2 150
2 150
2 150
2 150
Total tax
954
1 078
831
1 117
After tax
1 196
1 072
1 319
1 033
Living cost
345
345
345
345
Free-cash
851
727
974
688

Estimated living cost  is £345 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1281
£1136
£1154
£1245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
514
social contributions
-
-
-
142
health
-
-
-
55
total
-
-
-
711
Employee
676
676
2 037
-
social contributions
33
56
76
-
income
71
63
504
-
health
7
11
35
-
total
111
130
615
-
Employer
676
676
2 037
-
health
7
13
38
-
social contributions
33
56
76
-
total
40
69
114
-
Corporate
1 714
1 406
-
-
income
214
176
-
-
total
214
176
-
-
Dividends
1 500
1 230
-
-
withholding
255
209
-
-
total
255
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
620
584
729
711
After tax
1 530
1 566
1 421
1 439
Living cost
285
285
285
285
Free-cash
1 245
1 281
1 136
1 154

Estimated living cost  is £285 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£1046
£1085
£1328
£1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
263
unemployment
-
-
-
32
health
-
-
-
151
pensions
-
-
-
215
total
-
-
-
661
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.

233
93
1 799
-
unemployment
3
1
27
-
pensions
23
9
180
-
income
28
11
220
-
health
16
6
126
-
total
70
27
553
-
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.

233
93
1 799
-
pensions
45
18
351
-
total
45
18
351
-
Corporate
1 872
2 039
-
-
income
168
184
-
-
total
168
184
-
-
Dividends
1 703
1 856
-
-
social contributions
331
361
-
-
withholding
324
353
-
-
total
655
714
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
943
904
661
After tax
1 212
1 207
1 246
1 489
Living cost
161
161
161
161
Free-cash
1 051
1 046
1 085
1 328

Estimated living cost  is £161 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1508
£1027
£940
£1454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
288
health
-
-
-
280
pensions
-
-
-
430
total
-
-
-
998
Employee
249
-
1 607
-
unemployment
4
-
26
-
pensions
5
-
32
-
income
28
-
310
-
total
37
-
368
-
Employer
249
-
1 607
-
health
32
-
209
-
pensions
50
-
321
-
unemployment
2
-
13
-
total
84
-
543
-
Corporate
1 817
2 150
-
-
income
363
430
-
-
total
363
430
-
-
Dividends
1 453
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
484
430
911
998
After tax
1 666
1 720
1 239
1 152
Living cost
212
212
212
212
Free-cash
1 454
1 508
1 027
940

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£22
£992
£1273
£143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
income
-
-
-
620
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
681
Employee
308
-
1 971
-
pensions
35
-
68
-
income
42
-
489
-
health
35
-
226
-
total
112
-
783
-
Employer
308
-
1 971
-
pensions
50
-
98
-
accident
5
-
33
-
unemployment
8
-
48
-
total
63
-
179
-
Corporate
1 779
2 150
-
-
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.

1 602
1 935
-
-
total
1 602
1 935
-
-
Dividends
178
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 811
1 976
962
681
After tax
339
174
1 188
1 469
Living cost
196
196
196
196
Free-cash
143
-22
992
1 273

Estimated living cost  is £196 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1971
£1649
£2057
£1958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
89
-
2 150
-
income
18
-
430
-
total
18
-
430
-
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%.

2 061
2 150
-
-
total
-
-
-
-
Dividends
2 061
2 150
-
-
withholding
103
108
-
-
total
103
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
121
108
430
22
After tax
2 029
2 042
1 720
2 128
Living cost
71
71
71
71
Free-cash
1 958
1 971
1 649
2 057

Estimated living cost  is £71 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1346
£1066
£1083
£1287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
390
other
-
-
-
63
health
-
-
-
59
pensions

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

-
-
-
321
total
-
-
-
833
Employee
319
-
1 810
-
unemployment
3
-
13
-
pensions

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

22
-
94
-
income
55
-
384
-
health
4
-
19
-
total
84
-
510
-
Employer
319
-
1 810
-
health
4
-
19
-
pensions

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

54
-
227
-
accident
3
-
14
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
340
-
Corporate
1 751
2 150
-
-
income
368
451
-
-
total
368
451
-
-
Dividends
1 383
1 699
-
-
withholding
97
119
-
-
total
97
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
629
570
850
833
After tax
1 521
1 580
1 300
1 317
Living cost
234
234
234
234
Free-cash
1 287
1 346
1 066
1 083

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£758
£604
£796
£826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
679
pensions
-
-
-
91
total
-
-
-
770
Employee
826
-
1 872
-
pensions
80
-
107
-
income
149
-
552
-
health
14
-
25
-
total
243
-
684
-
Employer
826
-
1 872
-
health
16
-
36
-
pensions
98
-
242
-
total
114
-
278
-
Corporate
1 210
2 150
-
-
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.

230
408
-
-
total
230
408
-
-
Dividends
980
1 742
-
-
withholding
153
400
-
-
total
153
400
-
-
Income
2 150
2 150
2 150
2 150
Total tax
740
808
962
770
After tax
1 410
1 342
1 188
1 380
Living cost
584
584
584
584
Free-cash
826
758
604
796

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
£1723
£1722
£1631
£1681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
323
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
404
Employee
153
-
2 090
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
209
-
health
7
-
14
-
total
37
-
253
-
Employer
153
-
2 090
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
1 967
2 150
-
-
income
197
215
-
-
total
197
215
-
-
Dividends
1 771
1 935
-
-
withholding
89
97
-
-
total
89
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
354
312
313
404
After tax
1 796
1 838
1 837
1 746
Living cost
115
115
115
115
Free-cash
1 681
1 723
1 722
1 631

Estimated living cost  is £115 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£586
£887
£658
£607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
794
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 005
Employee
814
750
1 987
-
pensions
103
103
103
-
income

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

123
123
401
-
health
102
98
108
-
total
328
324
612
-
Employer
814
750
1 987
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
1 193
1 268
-
-
income
239
254
-
-
total
239
254
-
-
Dividends
954
1 015
-
-
income
203
216
-
-
withholding
143
152
-
-
total
346
368
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 056
1 077
776
1 005
After tax
1 094
1 073
1 374
1 145
Living cost
487
487
487
487
Free-cash
607
586
887
658

Estimated living cost  is £487 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1263
£968
£1063
£1184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
232
social contributions
-
-
-
314
solidarity contribution
-
-
-
33
health
-
-
-
290
total
-
-
-
869
Employee
321
-
1 726
-
solidarity contribution
-
-
24
-
social contributions
21
-
70
-
income
39
-
213
-
health
43
-
233
-
total
103
-
540
-
Employer
321
-
1 726
-
health
29
-
155
-
social contributions
80
-
269
-
total
109
-
424
-
Corporate
1 720
2 150
-
-
income
327
408
-
-
total
327
408
-
-
Dividends
1 393
1 742
-
-
withholding
209
261
-
-
total
209
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
748
669
964
869
After tax
1 402
1 481
1 186
1 281
Living cost
218
218
218
218
Free-cash
1 184
1 263
968
1 063

Estimated living cost  is £218 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£776
£601
£675
£731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
440
regional
-
-
-
28
municipal
-
-
-
14
national
-
-
-
622
total
-
-
-
1 104
Employee
781
-
2 150
-
municipal
4
-
13
-
national
135
-
563
-
regional
7
-
26
-
social contributions
263
-
576
-
total
409
-
1 178
-
Employer
781
-
2 150
-
total
-
-
-
-
Corporate
1 369
2 150
-
-
municipal
53
84
-
-
nationa
329
516
-
-
total
382
600
-
-
Dividends
987
1 550
-
-
withholding
257
403
-
-
total
257
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 048
1 003
1 178
1 104
After tax
1 102
1 147
972
1 046
Living cost
371
371
371
371
Free-cash
731
776
601
675

Estimated living cost  is £371 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£1158
£762
£816
£1131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
700
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 140
Employee
291
-
1 903
-
other
-
-
-
-
unemployment
20
-
82
-
pensions
19
-
78
-
surtax
1
-
110
-
income
49
-
648
-
health
7
-
30
-
total
96
-
948
-
Employer
291
-
1 903
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 798
2 150
-
-
income
468
559
-
-
total
468
559
-
-
Dividends
1 331
1 591
-
-
withholding
200
239
-
-
total
200
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
825
798
1 194
1 140
After tax
1 325
1 352
956
1 010
Living cost
194
194
194
194
Free-cash
1 131
1 158
762
816

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£943
£789
£981
£999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
679
pensions
-
-
-
91
total
-
-
-
770
Employee
554
-
1 872
-
pensions
47
-
107
-
income
100
-
552
-
health
8
-
25
-
total
155
-
684
-
Employer
554
-
1 872
-
health
11
-
36
-
pensions
60
-
242
-
total
71
-
278
-
Corporate
1 526
2 150
-
-
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.

290
408
-
-
total
290
408
-
-
Dividends
1 236
1 742
-
-
withholding
236
400
-
-
total
236
400
-
-
Income
2 150
2 150
2 150
2 150
Total tax
752
808
962
770
After tax
1 398
1 342
1 188
1 380
Living cost
399
399
399
399
Free-cash
999
943
789
981

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
£286
£929
£1001
£585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
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.

-
-
-
43
regional
-
-
-
123
health
-
-
-
5
city
-
-
-
23
national
-
-
-
60
pensions
-
-
-
198
total
-
-
-
452
Employee
815
-
1 938
-
unemployment
-
-
-
-
pensions
68
-
148
-
national
4
-
50
-
regional
27
-
110
-
city
9
-
21
-
health
2
-
4
-
total
110
-
333
-
Employer
815
-
1 938
-
health
2
-
4
-
pensions
68
-
148
-
unemployment
-
-
-
-
other

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

16
-
39
-
total
86
-
191
-
Corporate
1 239
2 150
-
-
regional
262
455
-
-
national
105
183
-
-
total
367
638
-
-
Dividends
872
1 513
-
-
withholding
305
529
-
-
total
305
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
868
1 167
524
452
After tax
1 282
983
1 626
1 698
Living cost
697
697
697
697
Free-cash
585
286
929
1 001

Estimated living cost  is £697 per week

£453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£659
£917
£618
£802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
731
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.

-
-
-
40
health

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

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

-
-
-
60
trade
-
-
-
299
total
-
-
-
1 130
Employee

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

528
-
2 150
-
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
-
40
-
income

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

62
-
731
-
health

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

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

60
-
60
-
total
125
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 622
2 150
-
-
income
243
322
-
-
surtax

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

13
18
-
-
chamber of commerce
4
4
-
-
trade
278
369
-
-
total
538
713
-
-
Dividends
1 084
1 437
-
-
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
20
-
-
withholding
268
356
-
-
total
283
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
946
1 089
831
1 130
After tax
1 204
1 061
1 319
1 020
Living cost
402
402
402
402
Free-cash
802
659
917
618

Estimated living cost  is £402 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£783
£785
£860
£834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
425
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
326
total
-
-
-
989
Employee
376
-
1 632
-
pensions
43
-
127
-
surtax
-
-
-
-
social contributions
11
-
47
-
income
22
-
372
-
total
76
-
546
-
Employer
376
-
1 632
-
health
26
-
167
-
pensions
62
-
211
-
unemployment
15
-
66
-
social contributions
1
-
5
-
other
13
-
69
-
total
117
-
518
-
Corporate
1 657
2 150
-
-
income
464
602
-
-
surtax
-
-
-
-
total
464
602
-
-
Dividends
1 193
1 548
-
-
surtax
-
-
-
-
social contributions
205
266
-
-
withholding
153
198
-
-
total
358
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 015
1 066
1 064
989
After tax
1 135
1 084
1 086
1 161
Living cost
301
301
301
301
Free-cash
834
783
785
860

Estimated living cost  is £301 per week

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

Source of data for Nice model

Close
Marseille , France
£813
£815
£890
£860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
425
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
326
total
-
-
-
989
Employee
336
-
1 632
-
pensions
38
-
127
-
surtax
-
-
-
-
social contributions
10
-
47
-
income
17
-
372
-
total
65
-
546
-
Employer
336
-
1 632
-
health
23
-
167
-
pensions
55
-
211
-
unemployment
14
-
66
-
social contributions
1
-
5
-
other
12
-
69
-
total
105
-
518
-
Corporate
1 710
2 150
-
-
income
479
602
-
-
surtax
-
-
-
-
total
479
602
-
-
Dividends
1 231
1 548
-
-
surtax
-
-
-
-
social contributions
212
266
-
-
withholding
158
198
-
-
total
370
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 019
1 066
1 064
989
After tax
1 131
1 084
1 086
1 161
Living cost
271
271
271
271
Free-cash
860
813
815
890

Estimated living cost  is £271 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1126
£1132
£1195
£1129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
322
social contributions
-
-
-
297
health
-
-
-
150
total
-
-
-
769
Employee
298
-
2 150
-
social contributions
41
-
297
-
income
50
-
385
-
health
21
-
150
-
total
112
-
832
-
Employer
298
-
2 150
-
total
-
-
-
-
Corporate
1 852
2 150
-
-
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%.

93
107
-
-
total
93
107
-
-
Dividends
1 760
2 043
-
-
social contributions
243
282
-
-
withholding
264
306
-
-
health
123
143
-
-
total
630
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
838
832
769
After tax
1 315
1 312
1 318
1 381
Living cost
186
186
186
186
Free-cash
1 129
1 126
1 132
1 195

Estimated living cost  is £186 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£871
£249
£787
£860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
719
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 053
Employee
439
350
1 797
-
other
4
4
10
-
unemployment
13
11
31
-
pensions
45
36
105
-
income
50
26
610
-
health
17
14
40
-
total
129
91
796
-
Employer
439
350
1 797
-
chamber of commerce
2
1
7
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
11
31
-
surtax
2
2
2
-
payroll
13
11
54
-
other
21
17
79
-
total
129
104
354
-
Corporate
1 583
1 697
1 763
-
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.

396
424
441
-
total
396
424
441
-
Dividends
1 187
1 273
-
-
withholding
326
350
-
-
total
326
350
-
-
Income
2 150
2 150
2 150
2 150
Total tax
980
969
1 591
1 053
After tax
1 170
1 181
559
1 097
Living cost
310
310
310
310
Free-cash
860
871
249
787

Estimated living cost  is £310 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£851
£404
£616
£750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal

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

-
-
-
116
social contributions
-
-
-
219
national
-
-
-
879
total
-
-
-
1 214
Employee

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

628
-
1 665
-
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
-
communal

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

33
-
87
-
pensions

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

47
-
125
-
national
193
-
637
-
health

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

30
-
78
-
total
308
-
941
-
Employer

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

628
-
1 665
-
health

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

39
-
102
-
pensions

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

56
-
148
-
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
-
22
-
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
71
-
189
-
total
183
-
485
-
Corporate
1 339
2 150
-
-
income
268
473
-
-
surtax
5
9
-
-
total
273
482
-
-
Dividends
1 066
1 667
-
-
withholding

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

316
497
-
-
total
316
497
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 080
979
1 426
1 214
After tax
1 070
1 171
724
936
Living cost
320
320
320
320
Free-cash
750
851
404
616

Estimated living cost  is £320 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1109
£845
£883
£1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
7
income
-
-
-
706
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
950
Employee
437
-
1 890
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
676
-
total
120
-
728
-
Employer
437
-
1 890
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
Corporate
1 573
2 150
-
-
income

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

236
322
-
-
total
236
322
-
-
Dividends
1 337
1 828
-
-
withholding
289
402
-
-
total
289
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
784
724
988
950
After tax
1 366
1 426
1 162
1 200
Living cost
317
317
317
317
Free-cash
1 049
1 109
845
883

Estimated living cost  is £317 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£726
£603
£525
£604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal
-
-
-
136
accident
-
-
-
18
income
-
-
-
426
surtax
-
-
-
108
health
-
-
-
147
pensions
-
-
-
313
total
-
-
-
1 148
Employee
665
-
1 920
-
pensions
53
-
154
-
surtax
41
-
118
-
income
64
-
483
-
health
30
-
85
-
total
188
-
840
-
Employer
665
-
1 920
-
health
20
-
59
-
pensions
53
-
154
-
accident
6
-
17
-
total
79
-
230
-
Corporate
1 405
2 150
-
-
communal
95
145
-
-
income
211
322
-
-
surtax
15
23
-
-
total
321
490
-
-
Dividends
1 085
1 660
-
-
income
318
208
-
-
withholding
163
249
-
-
total
481
457
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 069
947
1 070
1 148
After tax
1 081
1 203
1 080
1 002
Living cost
477
477
477
477
Free-cash
604
726
603
525

Estimated living cost  is £477 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1155
£759
£813
£1127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
700
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 140
Employee
296
-
1 903
-
other
-
-
-
-
unemployment
21
-
82
-
pensions
20
-
78
-
surtax
1
-
110
-
income
50
-
648
-
health
8
-
30
-
total
100
-
948
-
Employer
296
-
1 903
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 792
2 150
-
-
income
466
559
-
-
total
466
559
-
-
Dividends
1 326
1 591
-
-
withholding
199
239
-
-
total
199
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
826
798
1 194
1 140
After tax
1 324
1 352
956
1 010
Living cost
197
197
197
197
Free-cash
1 127
1 155
759
813

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£893
£729
£802
£873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
440
regional
-
-
-
35
municipal
-
-
-
14
national
-
-
-
622
total
-
-
-
1 111
Employee
487
-
2 150
-
municipal
3
-
13
-
national
77
-
563
-
regional
7
-
32
-
social contributions
164
-
576
-
total
251
-
1 184
-
Employer
487
-
2 150
-
total
-
-
-
-
Corporate
1 663
2 150
-
-
municipal
83
107
-
-
nationa
399
516
-
-
total
482
623
-
-
Dividends
1 181
1 527
-
-
withholding
307
397
-
-
total
307
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 040
1 020
1 184
1 111
After tax
1 110
1 130
966
1 039
Living cost
237
237
237
237
Free-cash
873
893
729
802

Estimated living cost  is £237 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1212
£917
£1012
£1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
232
social contributions
-
-
-
314
solidarity contribution
-
-
-
33
health
-
-
-
290
total
-
-
-
869
Employee
396
-
1 726
-
solidarity contribution
-
-
24
-
social contributions
26
-
70
-
income
47
-
213
-
health
53
-
233
-
total
126
-
540
-
Employer
396
-
1 726
-
health
36
-
155
-
social contributions
99
-
269
-
total
135
-
424
-
Corporate
1 620
2 150
-
-
income
308
408
-
-
total
308
408
-
-
Dividends
1 312
1 742
-
-
withholding
197
261
-
-
total
197
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
766
669
964
869
After tax
1 384
1 481
1 186
1 281
Living cost
269
269
269
269
Free-cash
1 115
1 212
917
1 012

Estimated living cost  is £269 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£902
£280
£819
£899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
719
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 051
Employee
384
350
1 798
-
other
4
4
10
-
unemployment
12
11
31
-
pensions
39
36
105
-
income
34
26
611
-
health
15
14
40
-
total
104
91
797
-
Employer
384
350
1 798
-
chamber of commerce
2
1
7
-
health
15
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
12
11
31
-
surtax
-
-
-
-
payroll
12
11
54
-
other
18
17
79
-
total
112
102
352
-
Corporate
1 655
1 699
1 765
-
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.

414
425
441
-
total
414
425
441
-
Dividends
1 242
1 274
-
-
withholding
341
350
-
-
total
341
350
-
-
Income
2 150
2 150
2 150
2 150
Total tax
971
968
1 590
1 051
After tax
1 179
1 182
560
1 099
Living cost
280
280
280
280
Free-cash
899
902
280
819

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1931
£1609
£2017
£1910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
138
-
2 150
-
income
28
-
430
-
total
28
-
430
-
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%.

2 012
2 150
-
-
total
-
-
-
-
Dividends
2 012
2 150
-
-
withholding
101
108
-
-
total
101
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
129
108
430
22
After tax
2 021
2 042
1 720
2 128
Living cost
111
111
111
111
Free-cash
1 910
1 931
1 609
2 017

Estimated living cost  is £111 per week

£75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1244
£697
£743
£1171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
563
unemployment
-
-
-
3
health
-
-
-
212
pensions
-
-
-
393
total
-
-
-
1 171
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.

388
-
1 860
-
unemployment
1
-
3
-
pensions
60
-
288
-
income
67
-
516
-
health
25
-
120
-
total
153
-
927
-
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.

388
-
1 860
-
health
26
-
124
-
pensions
34
-
165
-
unemployment
-
-
1
-
total
60
-
290
-
Corporate
1 701
2 150
-
-
income
323
409
-
-
total
323
409
-
-
Dividends
1 378
1 741
-
-
withholding
207
261
-
-
total
207
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
743
670
1 217
1 171
After tax
1 407
1 480
933
979
Living cost
236
236
236
236
Free-cash
1 171
1 244
697
743

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£924
£1649
£1102
£500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
419
social contributions
-
-
-
245
total
-
-
-
664
Employee
551
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
551
-
-
-
social contributions
777
-
111
-
total
777
-
111
-
Corporate
822
2 150
-
-
income
181
473
-
-
total
181
473
-
-
Dividends
641
1 677
-
-
income
141
369
-
-
total
141
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 266
842
117
664
After tax
884
1 308
2 033
1 486
Living cost
384
384
384
384
Free-cash
500
924
1 649
1 102

Estimated living cost  is £384 per week

£249
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£947
£662
£837
£938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 150
income
-
-
-
290
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 037
Employee
404
-
1 737
-
surtax
-
-
5
-
social contributions
44
-
191
-
income
84
-
603
-
total
128
-
799
-
Employer
404
-
1 737
-
social contributions
96
-
413
-
total
96
-
413
-
Corporate
1 650
2 150
-
-
income
347
451
-
-
surtax
-
-
-
-
total
347
451
-
-
Dividends
1 303
1 699
-
-
withholding
365
476
-
-
total
365
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
936
927
1 212
1 037
After tax
1 214
1 223
938
1 113
Living cost
276
276
276
276
Free-cash
938
947
662
837

Estimated living cost  is £276 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£660
£662
£737
£719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
425
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
326
total
-
-
-
989
Employee
550
-
1 632
-
pensions
62
-
127
-
surtax
-
-
-
-
social contributions
16
-
47
-
income
48
-
372
-
total
126
-
546
-
Employer
550
-
1 632
-
health
39
-
167
-
pensions
90
-
211
-
unemployment
22
-
66
-
social contributions
2
-
5
-
other
19
-
69
-
total
172
-
518
-
Corporate
1 428
2 150
-
-
income
400
602
-
-
surtax
-
-
-
-
total
400
602
-
-
Dividends
1 028
1 548
-
-
surtax
-
-
-
-
social contributions
177
266
-
-
withholding
132
198
-
-
total
309
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 007
1 066
1 064
989
After tax
1 143
1 084
1 086
1 161
Living cost
424
424
424
424
Free-cash
719
660
662
737

Estimated living cost  is £424 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1671
£1355
£1299
£1642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
114
social contributions
-
-
-
473
total
-
-
-
587
Employee
282
-
1 861
-
income
-
-
121
-
social contributions
18
-
121
-
total
18
-
242
-
Employer
282
-
1 861
-
social contributions
44
-
289
-
total
44
-
289
-
Corporate
1 824
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 641
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
244
215
531
587
After tax
1 906
1 935
1 619
1 563
Living cost
264
264
264
264
Free-cash
1 642
1 671
1 355
1 299

Estimated living cost  is £264 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£236
£236
£810
£124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
466
national
-
-
-
272
pensions
-
-
-
8
total
-
-
-
917
Employee
1 785
1 785
1 785
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 785
1 785
1 785
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
237
-
-
-
income
52
-
-
-
total
52
-
-
-
Dividends
185
-
-
-
withholding
60
-
-
-
total
60
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 603
1 491
1 491
917
After tax
547
659
659
1 233
Living cost
423
423
423
423
Free-cash
124
236
236
810

Estimated living cost  is £423 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-£19
£995
£1276
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
income
-
-
-
620
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
681
Employee
303
-
1 971
-
pensions
34
-
68
-
income
42
-
489
-
health
35
-
226
-
total
111
-
783
-
Employer
303
-
1 971
-
pensions
49
-
98
-
accident
5
-
33
-
unemployment
7
-
48
-
total
61
-
179
-
Corporate
1 785
2 150
-
-
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.

1 606
1 935
-
-
total
1 606
1 935
-
-
Dividends
178
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 812
1 976
962
681
After tax
338
174
1 188
1 469
Living cost
193
193
193
193
Free-cash
145
-19
995
1 276

Estimated living cost  is £193 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£971
£716
£962
£1000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 150
health
-
-
-
29
municipal
-
-
-
382
national
-
-
-
440
total
-
-
-
851
Employee
462
-
1 809
-
municipal
76
-
294
-
unemployment
7
-
27
-
pensions
31
-
122
-
national
8
-
288
-
health
3
-
24
-
total
125
-
755
-
Employer
462
-
1 809
-
health
4
-
14
-
pensions
80
-
314
-
accident
-
-
2
-
unemployment
3
-
12
-
total
87
-
342
-
Corporate
1 601
2 150
-
-
income
320
430
-
-
total
320
430
-
-
Dividends

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

960
1 290
-
-
municipal
173
232
-
-
national
108
180
-
-
total
281
412
-
-
Income
2 150
2 150
2 150
2 150
Total tax
813
842
1 097
851
After tax
1 337
1 308
1 053
1 299
Living cost
337
337
337
337
Free-cash
1 000
971
716
962

Estimated living cost  is £337 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1363
£1218
£1236
£1315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
514
social contributions
-
-
-
142
health
-
-
-
55
total
-
-
-
711
Employee
676
676
2 037
-
social contributions
26
56
76
-
income
74
63
504
-
health
5
11
35
-
total
105
130
615
-
Employer
676
676
2 037
-
health
6
13
38
-
social contributions
26
56
76
-
total
32
69
114
-
Corporate
1 811
1 406
-
-
income
226
176
-
-
total
226
176
-
-
Dividends
1 585
1 230
-
-
withholding
269
209
-
-
total
269
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
632
584
729
711
After tax
1 518
1 566
1 421
1 439
Living cost
203
203
203
203
Free-cash
1 315
1 363
1 218
1 236

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1642
£1523
£1699
£1597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 150
income
-
-
-
224
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
312
Employee

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

202
-
2 064
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
202
-
health
17
-
71
-
total
62
-
402
-
Employer

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

202
-
2 064
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 928
2 150
-
-
income
173
193
-
-
total
173
193
-
-
Dividends
1 754
1 957
-
-
withholding
158
176
-
-
total
158
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
414
369
488
312
After tax
1 736
1 781
1 662
1 838
Living cost
139
139
139
139
Free-cash
1 597
1 642
1 523
1 699

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1184
£920
£958
£1145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
7
income
-
-
-
706
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
950
Employee
325
-
1 890
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
676
-
total
83
-
728
-
Employer
325
-
1 890
-
pensions
77
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
104
-
260
-
Corporate
1 722
2 150
-
-
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.

258
322
-
-
total
258
322
-
-
Dividends
1 463
1 828
-
-
withholding
318
402
-
-
total
318
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
724
988
950
After tax
1 387
1 426
1 162
1 200
Living cost
242
242
242
242
Free-cash
1 145
1 184
920
958

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1325
£1369
£1371
£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
-
-
-
2 150
income
-
-
-
741
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
762
Employee
26
-
2 136
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
740
-
health
1
-
3
-
total
8
-
750
-
Employer
26
-
2 136
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
2 118
2 150
-
-
income
466
473
-
-
total
466
473
-
-
Dividends
1 652
1 677
-
-
withholding
330
335
-
-
total
330
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
810
808
764
762
After tax
1 340
1 342
1 386
1 388
Living cost
17
17
17
17
Free-cash
1 323
1 325
1 369
1 371

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1401
£1252
£1251
£1357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
501
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
747
Employee

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

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

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

229
-
2 034
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
32
-
501
-
health
12
-
33
-
total
78
-
630
-
Employer

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

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

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

229
-
2 034
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 880
2 150
-
-
income
282
323
-
-
total
282
323
-
-
Dividends
1 598
1 827
-
-
withholding
240
274
-
-
total
240
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
641
597
746
747
After tax
1 509
1 553
1 404
1 403
Living cost
152
152
152
152
Free-cash
1 357
1 401
1 252
1 251

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£986
£701
£876
£982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
290
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 037
Employee
341
-
1 737
-
surtax
-
-
5
-
social contributions
38
-
191
-
income
67
-
603
-
total
105
-
799
-
Employer
341
-
1 737
-
social contributions
81
-
413
-
total
81
-
413
-
Corporate
1 728
2 150
-
-
income
363
451
-
-
surtax
-
-
-
-
total
363
451
-
-
Dividends
1 365
1 699
-
-
withholding
382
476
-
-
total
382
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
931
927
1 212
1 037
After tax
1 219
1 223
938
1 113
Living cost
237
237
237
237
Free-cash
982
986
701
876

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1117
£853
£891
£1060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
7
income
-
-
-
706
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
950
Employee
424
-
1 890
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
89
-
676
-
total
116
-
728
-
Employer
424
-
1 890
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
Corporate
1 590
2 150
-
-
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.

239
322
-
-
total
239
322
-
-
Dividends
1 352
1 828
-
-
withholding
292
402
-
-
total
292
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
781
724
988
950
After tax
1 369
1 426
1 162
1 200
Living cost
309
309
309
309
Free-cash
1 060
1 117
853
891

Estimated living cost  is £309 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1687
£1686
£1595
£1634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
323
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
404
Employee
200
-
2 090
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
209
-
health
9
-
14
-
total
49
-
253
-
Employer
200
-
2 090
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 910
2 150
-
-
income
191
215
-
-
total
191
215
-
-
Dividends
1 719
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
365
312
313
404
After tax
1 785
1 838
1 837
1 746
Living cost
151
151
151
151
Free-cash
1 634
1 687
1 686
1 595

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£767
£980
£730
£881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
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.

-
-
-
731
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.

-
-
-
40
health

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

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

-
-
-
60
trade
-
-
-
250
total
-
-
-
1 081
Employee

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

437
-
2 150
-
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
-
40
-
income

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

36
-
731
-
health

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

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

60
-
60
-
total
98
-
831
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 713
2 150
-
-
income
257
322
-
-
surtax

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

14
18
-
-
chamber of commerce
4
4
-
-
trade
246
309
-
-
total
521
653
-
-
Dividends
1 192
1 497
-
-
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
295
371
-
-
total
311
391
-
-
Income
2 150
2 150
2 150
2 150
Total tax
930
1 044
831
1 081
After tax
1 220
1 106
1 319
1 069
Living cost
339
339
339
339
Free-cash
881
767
980
730

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1005
£562
£562
£1024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
715
social contributions
-
-
-
373
total
-
-
-
1 088
Employee
687
-
2 150
-
income
130
-
715
-
social contributions
57
-
373
-
total
187
-
1 088
-
Employer
687
-
2 150
-
total
-
-
-
-
Corporate
1 463
2 150
-
-
income
183
269
-
-
total
183
269
-
-
Dividends
1 280
1 881
-
-
withholding
256
376
-
-
total
256
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
626
645
1 088
1 088
After tax
1 524
1 505
1 062
1 062
Living cost
500
500
500
500
Free-cash
1 024
1 005
562
562

Estimated living cost  is £500 per week

£381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1033
£1174
£1456
£1064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
322
health

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

-
-
-
53
total
-
-
-
375
Employee
403
-
2 110
-
income
44
-
577
-
social contributions
40
-
40
-
total
84
-
617
-
Employer
403
-
2 110
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 707
2 150
-
-
income
597
752
-
-
total
597
752
-
-
Dividends
1 109
1 398
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 150
2 150
2 150
2 150
Total tax
767
798
657
375
After tax
1 383
1 352
1 493
1 775
Living cost
319
319
319
319
Free-cash
1 064
1 033
1 174
1 456

Estimated living cost  is £319 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1018
£864
£1056
£1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
679
pensions
-
-
-
91
total
-
-
-
770
Employee
445
-
1 872
-
pensions
34
-
107
-
income
81
-
552
-
health
6
-
25
-
total
121
-
684
-
Employer
445
-
1 872
-
health
8
-
36
-
pensions
45
-
242
-
total
53
-
278
-
Corporate
1 651
2 150
-
-
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.

314
408
-
-
total
314
408
-
-
Dividends
1 338
1 742
-
-
withholding
269
400
-
-
total
269
400
-
-
Income
2 150
2 150
2 150
2 150
Total tax
757
808
962
770
After tax
1 393
1 342
1 188
1 380
Living cost
324
324
324
324
Free-cash
1 069
1 018
864
1 056

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
-£38
£976
£1257
£141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
income
-
-
-
620
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
681
Employee
333
-
1 971
-
pensions
38
-
68
-
income
46
-
489
-
health
38
-
226
-
total
122
-
783
-
Employer
333
-
1 971
-
pensions
54
-
98
-
accident
6
-
33
-
unemployment
8
-
48
-
total
68
-
179
-
Corporate
1 749
2 150
-
-
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.

1 574
1 935
-
-
total
1 574
1 935
-
-
Dividends
175
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 797
1 976
962
681
After tax
353
174
1 188
1 469
Living cost
212
212
212
212
Free-cash
141
-38
976
1 257

Estimated living cost  is £212 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1526
£1474
£1280
£1499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 150
income
-
-
-
364
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
259
total
-
-
-
751
Employee

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

190
-
2 150
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
364
-
total
71
-
557
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 960
2 150
-
-
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%.

196
215
-
-
total
196
215
-
-
Dividends
1 764
1 935
-
-
withholding
265
290
-
-
total
265
290
-
-
Income
2 150
2 150
2 150
2 150
Total tax
532
505
557
751
After tax
1 618
1 645
1 593
1 399
Living cost
119
119
119
119
Free-cash
1 499
1 526
1 474
1 280

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£782
£598
£669
£743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
440
regional
-
-
-
54
municipal
-
-
-
15
national
-
-
-
622
total
-
-
-
1 131
Employee
740
-
2 150
-
municipal
4
-
14
-
national
125
-
563
-
regional
11
-
49
-
social contributions
250
-
576
-
total
390
-
1 202
-
Employer
740
-
2 150
-
total
-
-
-
-
Corporate
1 410
2 150
-
-
municipal
68
104
-
-
nationa
338
516
-
-
total
406
620
-
-
Dividends
1 003
1 530
-
-
withholding
261
398
-
-
total
261
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 057
1 018
1 202
1 131
After tax
1 093
1 132
948
1 019
Living cost
350
350
350
350
Free-cash
743
782
598
669

Estimated living cost  is £350 per week

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

Source of data for Rome model

Close
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