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
£779
£817
£914
£1053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
274
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
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
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
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.

337
-
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
1 813
2 150
-
-
trade
286
339
-
-
income
272
323
-
-
chamber of commerce
4
4
-
-
surtax

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

15
18
-
-
total
577
684
-
-
Dividends
1 237
1 467
-
-
withholding
306
363
-
-
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
-
-
total
323
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
970
1 067
831
1 105
After tax
1 180
1 083
1 319
1 045
Living cost
266
266
266
266
Free-cash
914
817
1 053
779

Estimated living cost  is £266 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£753
£876
£868
£764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
239
pensions
-
-
-
258
social contributions
-
-
-
23
national
-
-
-
411
total
-
-
-
931
Employee
722
-
1 859
-
municipal
89
-
248
-
national
138
-
429
-
pensions
29
-
74
-
total
256
-
751
-
Employer
722
-
1 859
-
pensions
58
-
149
-
social contributions
8
-
20
-
total
66
-
169
-
Corporate
1 314
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
1 052
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
466
466
466
466
Free-cash
868
876
764
753

Estimated living cost  is £466 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
£611
£1537
£1465
£761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
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
income
-
-
-
471
microenterprise
-
-
-
-
total
-
-
-
1 356
Employee
257
-
1 709
-
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
-
surtax
-
-
248
-
income
46
-
402
-
total
74
-
765
-
Employer
257
-
1 709
-
surtax
-
-
188
-
social contributions

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

62
-
253
-
total
62
-
441
-
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
£777
£706
£652
£1006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
103
health
-
-
-
108
income
-
-
-
793
total
-
-
-
1 004
Employee
751
751
1 986
-
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
400
-
health
115
98
108
-
total
373
324
611
-
Employer
751
751
1 986
-
pensions
52
52
65
-
unemployment
27
27
34
-
health
52
52
65
-
total
131
131
164
-
Corporate
1 276
1 267
-
-
income
255
253
-
-
total
255
253
-
-
Dividends
1 021
1 014
-
-
withholding
153
152
-
-
income
217
215
-
-
total
370
367
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 129
1 075
775
1 004
After tax
1 021
1 075
1 375
1 146
Living cost
369
369
369
369
Free-cash
652
706
1 006
777

Estimated living cost  is £369 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£707
£812
£803
£699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
573
pensions
-
-
-
86
health
-
-
-
50
other
-
-
-
92
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
277
total
-
-
-
1 081
Employee
516
-
1 900
-
municipal
154
-
567
-
national
-
-
272
-
total
154
-
839
-
Employer
516
-
1 900
-
pensions
56
-
86
-
other
60
-
92
-
unemployment
14
-
21
-
accident
1
-
2
-
health
32
-
49
-
total
163
-
250
-
Corporate
1 471
2 150
-
-
income
324
473
-
-
total
324
473
-
-
Dividends
1 148
1 677
-
-
withholding
344
503
-
-
total
344
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
985
976
1 089
1 081
After tax
1 165
1 174
1 061
1 069
Living cost
362
362
362
362
Free-cash
803
812
699
707

Estimated living cost  is £362 per week

£240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£687
£725
£850
£973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
286
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
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
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
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
-
-
trade
280
354
-
-
income
256
323
-
-
chamber of commerce
4
4
-
-
surtax

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

14
18
-
-
total
554
699
-
-
Dividends
1 150
1 452
-
-
withholding
284
360
-
-
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
-
-
total
300
380
-
-
Income
2 150
2 150
2 150
2 150
Total tax
954
1 079
831
1 117
After tax
1 196
1 071
1 319
1 033
Living cost
346
346
346
346
Free-cash
850
725
973
687

Estimated living cost  is £346 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1155
£1280
£1245
£1136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
55
social contributions
-
-
-
142
income
-
-
-
513
total
-
-
-
710
Employee
677
677
2 037
-
social contributions
33
56
76
-
income
71
63
504
-
health
7
12
35
-
total
111
131
615
-
Employer
677
677
2 037
-
social contributions
33
56
76
-
health
7
13
38
-
total
40
69
114
-
Corporate
1 714
1 405
-
-
income
214
176
-
-
total
214
176
-
-
Dividends
1 500
1 229
-
-
withholding
255
209
-
-
total
255
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
620
585
729
710
After tax
1 530
1 565
1 421
1 440
Living cost
285
285
285
285
Free-cash
1 245
1 280
1 136
1 155

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
£1329
£1046
£1051
£1085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
215
health
-
-
-
150
unemployment
-
-
-
32
income
-
-
-
263
total
-
-
-
660
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
-
pensions
23
9
180
-
unemployment
3
1
27
-
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
-
-
withholding
324
353
-
-
social contributions
331
361
-
-
total
655
714
-
-
Income
2 150
2 150
2 150
2 150
Total tax
938
943
904
660
After tax
1 212
1 207
1 246
1 490
Living cost
161
161
161
161
Free-cash
1 051
1 046
1 085
1 329

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
£940
£1507
£1453
£1026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
430
health
-
-
-
279
income
-
-
-
288
total
-
-
-
997
Employee
250
-
1 607
-
pensions
5
-
32
-
unemployment
4
-
26
-
income
28
-
310
-
total
37
-
368
-
Employer
250
-
1 607
-
pensions
50
-
321
-
unemployment
2
-
13
-
health
32
-
209
-
total
84
-
543
-
Corporate
1 816
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
997
After tax
1 666
1 720
1 239
1 153
Living cost
212
212
212
212
Free-cash
1 453
1 507
1 026
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
£1273
-£22
£145
£992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
37
health
-
-
-
19
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
620
total
-
-
-
681
Employee
309
-
1 970
-
pensions
35
-
68
-
income
42
-
489
-
health
35
-
226
-
total
112
-
783
-
Employer
309
-
1 970
-
pensions
50
-
98
-
unemployment
8
-
48
-
accident
5
-
33
-
total
63
-
179
-
Corporate
1 778
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.

1 600
1 935
-
-
total
1 600
1 935
-
-
Dividends
178
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 809
1 976
962
681
After tax
341
174
1 188
1 469
Living cost
196
196
196
196
Free-cash
145
-22
992
1 273

Estimated living cost  is £196 per week

£144
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
£2056
£1971
£1957
£1648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
90
-
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%.

2 060
2 150
-
-
total
-
-
-
-
Dividends
2 060
2 150
-
-
withholding
103
107
-
-
total
103
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
121
107
430
22
After tax
2 029
2 043
1 720
2 128
Living cost
72
72
72
72
Free-cash
1 957
1 971
1 648
2 056

Estimated living cost  is £72 per week

£45
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
£1083
£1346
£1288
£1066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
59
other
-
-
-
64
income
-
-
-
389
total
-
-
-
833
Employee
319
-
1 809
-
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
-
unemployment
3
-
13
-
income
55
-
384
-
health
4
-
19
-
total
84
-
510
-
Employer
319
-
1 809
-
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
-
other
16
-
67
-
unemployment
3
-
13
-
accident
3
-
14
-
health
4
-
19
-
total
80
-
340
-
Corporate
1 750
2 150
-
-
income
367
451
-
-
total
367
451
-
-
Dividends
1 383
1 699
-
-
withholding
97
119
-
-
total
97
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
628
570
850
833
After tax
1 522
1 580
1 300
1 317
Living cost
234
234
234
234
Free-cash
1 288
1 346
1 066
1 083

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£796
£758
£826
£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
pensions
-
-
-
91
income
-
-
-
679
total
-
-
-
770
Employee
826
-
1 872
-
pensions
80
-
107
-
income
149
-
552
-
health
14
-
25
-
total
243
-
684
-
Employer
826
-
1 872
-
pensions
98
-
242
-
health
16
-
36
-
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
£1631
£1723
£1681
£1722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
health
-
-
-
35
unemployment
-
-
-
1
income
-
-
-
323
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
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
21
-
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
£658
£587
£607
£887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
103
health
-
-
-
108
income
-
-
-
793
total
-
-
-
1 004
Employee
816
751
1 986
-
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
400
-
health
102
98
108
-
total
328
324
611
-
Employer
816
751
1 986
-
pensions
57
52
65
-
unemployment
29
27
34
-
health
57
52
65
-
total
143
131
164
-
Corporate
1 191
1 267
-
-
income
238
253
-
-
total
238
253
-
-
Dividends
953
1 014
-
-
withholding
143
152
-
-
income
203
215
-
-
total
346
367
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 055
1 075
775
1 004
After tax
1 095
1 075
1 375
1 146
Living cost
488
488
488
488
Free-cash
607
587
887
658

Estimated living cost  is £488 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1061
£1261
£1183
£967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
290
social contributions
-
-
-
315
solidarity contribution
-
-
-
33
income
-
-
-
232
total
-
-
-
870
Employee
322
-
1 725
-
social contributions
21
-
70
-
income
39
-
213
-
solidarity contribution
-
-
24
-
health
43
-
233
-
total
103
-
540
-
Employer
322
-
1 725
-
social contributions
80
-
269
-
health
29
-
155
-
total
109
-
424
-
Corporate
1 719
2 150
-
-
income
327
409
-
-
total
327
409
-
-
Dividends
1 392
1 741
-
-
withholding
209
261
-
-
total
209
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
748
670
964
870
After tax
1 402
1 480
1 186
1 280
Living cost
219
219
219
219
Free-cash
1 183
1 261
967
1 061

Estimated living cost  is £219 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
£676
£776
£732
£601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14
regional
-
-
-
28
social contributions
-
-
-
440
national
-
-
-
621
total
-
-
-
1 103
Employee
782
-
2 150
-
social contributions
264
-
577
-
municipal
4
-
13
-
regional
7
-
26
-
national
135
-
562
-
total
410
-
1 178
-
Employer
782
-
2 150
-
total
-
-
-
-
Corporate
1 368
2 150
-
-
nationa
328
516
-
-
municipal
53
84
-
-
total
381
600
-
-
Dividends
986
1 550
-
-
withholding
256
403
-
-
total
256
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 047
1 003
1 178
1 103
After tax
1 103
1 147
972
1 047
Living cost
371
371
371
371
Free-cash
732
776
601
676

Estimated living cost  is £371 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£816
£1158
£1132
£762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
235
health
-
-
-
83
surtax
-
-
-
120
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
700
total
-
-
-
1 140
Employee
291
-
1 903
-
surtax
1
-
110
-
pensions
19
-
78
-
other
-
-
-
-
unemployment
20
-
82
-
income
49
-
647
-
health
7
-
30
-
total
96
-
947
-
Employer
291
-
1 903
-
pensions
39
-
157
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
total
61
-
247
-
Corporate
1 798
2 150
-
-
income
467
559
-
-
total
467
559
-
-
Dividends
1 330
1 591
-
-
withholding
200
239
-
-
total
200
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
824
798
1 194
1 140
After tax
1 326
1 352
956
1 010
Living cost
194
194
194
194
Free-cash
1 132
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
£981
£943
£999
£789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
pensions
-
-
-
91
income
-
-
-
679
total
-
-
-
770
Employee
554
-
1 872
-
pensions
47
-
107
-
income
100
-
552
-
health
8
-
25
-
total
155
-
684
-
Employer
554
-
1 872
-
pensions
60
-
242
-
health
11
-
36
-
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
£993
£276
£577
£918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
regional
-
-
-
122
city
-
-
-
23
pensions
-
-
-
198
health
-
-
-
5
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
national
-
-
-
59
total
-
-
-
450
Employee
828
-
1 937
-
regional
27
-
110
-
national
4
-
49
-
pensions
70
-
149
-
unemployment
-
-
-
-
city
9
-
21
-
health
2
-
4
-
total
112
-
333
-
Employer
828
-
1 937
-
pensions
70
-
149
-
other

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

17
-
39
-
unemployment
-
-
-
-
health
2
-
4
-
total
89
-
192
-
Corporate
1 225
2 150
-
-
regional
259
455
-
-
national
104
183
-
-
total
363
638
-
-
Dividends
862
1 513
-
-
withholding
302
529
-
-
total
302
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
866
1 167
525
450
After tax
1 284
983
1 625
1 700
Living cost
707
707
707
707
Free-cash
577
276
918
993

Estimated living cost  is £707 per week

£460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£617
£657
£802
£916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
299
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
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
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
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.

529
-
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
1 621
2 150
-
-
trade
278
369
-
-
income
243
323
-
-
chamber of commerce
4
4
-
-
surtax

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

13
18
-
-
total
538
714
-
-
Dividends
1 083
1 437
-
-
withholding
267
356
-
-
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
-
-
total
282
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
945
1 090
831
1 130
After tax
1 205
1 060
1 319
1 020
Living cost
403
403
403
403
Free-cash
802
657
916
617

Estimated living cost  is £403 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
£860
£783
£834
£786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
pensions
-
-
-
326
health
-
-
-
110
surtax
-
-
-
-
other
-
-
-
67
social contributions
-
-
-
61
income
-
-
-
425
total
-
-
-
989
Employee
377
-
1 632
-
social contributions
11
-
47
-
surtax
-
-
-
-
pensions
43
-
127
-
income
22
-
371
-
total
76
-
545
-
Employer
377
-
1 632
-
pensions
62
-
211
-
social contributions
1
-
5
-
other
13
-
69
-
unemployment
15
-
66
-
health
26
-
167
-
total
117
-
518
-
Corporate
1 656
2 150
-
-
income
464
602
-
-
surtax
-
-
-
-
total
464
602
-
-
Dividends
1 192
1 548
-
-
withholding
153
198
-
-
surtax
-
-
-
-
social contributions
205
266
-
-
total
358
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 015
1 066
1 063
989
After tax
1 135
1 084
1 087
1 161
Living cost
301
301
301
301
Free-cash
834
783
786
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
£890
£813
£861
£816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
326
health
-
-
-
110
surtax
-
-
-
-
other
-
-
-
67
social contributions
-
-
-
61
income
-
-
-
425
total
-
-
-
989
Employee
336
-
1 632
-
social contributions
10
-
47
-
surtax
-
-
-
-
pensions
38
-
127
-
income
17
-
371
-
total
65
-
545
-
Employer
336
-
1 632
-
pensions
55
-
211
-
social contributions
1
-
5
-
other
12
-
69
-
unemployment
14
-
66
-
health
24
-
167
-
total
106
-
518
-
Corporate
1 709
2 150
-
-
income
478
602
-
-
surtax
-
-
-
-
total
478
602
-
-
Dividends
1 230
1 548
-
-
withholding
157
198
-
-
surtax
-
-
-
-
social contributions
212
266
-
-
total
369
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 018
1 066
1 063
989
After tax
1 132
1 084
1 087
1 161
Living cost
271
271
271
271
Free-cash
861
813
816
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
£1193
£1124
£1128
£1132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
150
social contributions
-
-
-
297
income
-
-
-
323
total
-
-
-
770
Employee
298
-
2 150
-
social contributions
41
-
297
-
income
50
-
384
-
health
21
-
150
-
total
112
-
831
-
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
108
-
-
total
93
108
-
-
Dividends
1 759
2 042
-
-
withholding
264
306
-
-
social contributions
243
282
-
-
health
123
143
-
-
total
630
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
839
831
770
After tax
1 315
1 311
1 319
1 380
Living cost
187
187
187
187
Free-cash
1 128
1 124
1 132
1 193

Estimated living cost  is £187 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£788
£871
£860
£249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
190
health
-
-
-
79
surtax
-
-
-
2
unemployment
-
-
-
54
income
-
-
-
718
chamber of commerce
-
-
-
9
total
-
-
-
1 052
Employee
440
351
1 796
-
pensions
45
36
105
-
other
4
4
10
-
unemployment
13
11
31
-
income
50
26
610
-
health
17
14
40
-
total
129
91
796
-
Employer
440
351
1 796
-
payroll
13
11
54
-
chamber of commerce
2
1
7
-
pensions
55
44
129
-
surtax
2
2
2
-
other
21
17
79
-
unemployment
13
11
31
-
accident
6
5
13
-
health
17
13
39
-
total
129
104
354
-
Corporate
1 582
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
1 052
After tax
1 170
1 181
559
1 098
Living cost
310
310
310
310
Free-cash
860
871
249
788

Estimated living cost  is £310 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£615
£850
£750
£403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
219
communal

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

-
-
-
116
national
-
-
-
879
total
-
-
-
1 214
Employee

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

629
-
1 665
-
national
193
-
637
-
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
-
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
-
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.

629
-
1 665
-
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
-
surtax
71
-
189
-
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
-
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
-
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
-
total
183
-
485
-
Corporate
1 337
2 150
-
-
income
267
473
-
-
surtax
5
9
-
-
total
272
482
-
-
Dividends
1 065
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
1 079
979
1 426
1 214
After tax
1 071
1 171
724
936
Living cost
321
321
321
321
Free-cash
750
850
403
615

Estimated living cost  is £321 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£881
£1107
£1048
£845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
231
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
706
total
-
-
-
951
Employee
438
-
1 890
-
pensions
21
-
38
-
other
-
-
1
-
unemployment
7
-
13
-
income
92
-
675
-
total
120
-
727
-
Employer
438
-
1 890
-
pensions
103
-
192
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
total
139
-
260
-
Corporate
1 572
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
323
-
-
total
236
323
-
-
Dividends
1 337
1 827
-
-
withholding
289
402
-
-
total
289
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
784
725
987
951
After tax
1 366
1 425
1 163
1 199
Living cost
318
318
318
318
Free-cash
1 048
1 107
845
881

Estimated living cost  is £318 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£524
£724
£603
£603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
313
health
-
-
-
147
surtax
-
-
-
108
accident
-
-
-
18
communal
-
-
-
136
income
-
-
-
426
total
-
-
-
1 148
Employee
666
-
1 920
-
surtax
41
-
118
-
pensions
53
-
154
-
income
64
-
482
-
health
30
-
85
-
total
188
-
839
-
Employer
666
-
1 920
-
pensions
53
-
154
-
accident
6
-
17
-
health
20
-
59
-
total
79
-
230
-
Corporate
1 404
2 150
-
-
communal
95
145
-
-
income
211
323
-
-
surtax
15
23
-
-
total
321
491
-
-
Dividends
1 084
1 660
-
-
withholding
163
249
-
-
income
318
208
-
-
total
481
457
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 069
948
1 069
1 148
After tax
1 081
1 202
1 081
1 002
Living cost
478
478
478
478
Free-cash
603
724
603
524

Estimated living cost  is £478 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£812
£1154
£1125
£758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
235
health
-
-
-
83
surtax
-
-
-
120
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
700
total
-
-
-
1 140
Employee
296
-
1 903
-
surtax
1
-
110
-
pensions
20
-
78
-
other
-
-
-
-
unemployment
21
-
82
-
income
50
-
647
-
health
8
-
30
-
total
100
-
947
-
Employer
296
-
1 903
-
pensions
40
-
157
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
total
62
-
247
-
Corporate
1 791
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
827
798
1 194
1 140
After tax
1 323
1 352
956
1 010
Living cost
198
198
198
198
Free-cash
1 125
1 154
758
812

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£803
£893
£872
£729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
municipal
-
-
-
14
regional
-
-
-
35
social contributions
-
-
-
440
national
-
-
-
621
total
-
-
-
1 110
Employee
488
-
2 150
-
social contributions
165
-
577
-
municipal
3
-
13
-
regional
7
-
32
-
national
77
-
562
-
total
252
-
1 184
-
Employer
488
-
2 150
-
total
-
-
-
-
Corporate
1 662
2 150
-
-
nationa
399
516
-
-
municipal
83
107
-
-
total
482
623
-
-
Dividends
1 180
1 527
-
-
withholding
307
397
-
-
total
307
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 041
1 020
1 184
1 110
After tax
1 109
1 130
966
1 040
Living cost
237
237
237
237
Free-cash
872
893
729
803

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

Source of data for Naples model

Close
Prague , Czech Republic
£1011
£1211
£1114
£917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
290
social contributions
-
-
-
315
solidarity contribution
-
-
-
33
income
-
-
-
232
total
-
-
-
870
Employee
396
-
1 725
-
social contributions
26
-
70
-
income
48
-
213
-
solidarity contribution
-
-
24
-
health
53
-
233
-
total
127
-
540
-
Employer
396
-
1 725
-
social contributions
99
-
269
-
health
36
-
155
-
total
135
-
424
-
Corporate
1 619
2 150
-
-
income
308
409
-
-
total
308
409
-
-
Dividends
1 311
1 741
-
-
withholding
197
261
-
-
total
197
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
767
670
964
870
After tax
1 383
1 480
1 186
1 280
Living cost
269
269
269
269
Free-cash
1 114
1 211
917
1 011

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
£819
£901
£898
£279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
190
health
-
-
-
79
surtax
-
-
-
-
unemployment
-
-
-
54
income
-
-
-
718
chamber of commerce
-
-
-
9
total
-
-
-
1 050
Employee
385
351
1 798
-
pensions
39
36
105
-
other
4
4
10
-
unemployment
12
11
31
-
income
34
26
611
-
health
15
14
40
-
total
104
91
797
-
Employer
385
351
1 798
-
payroll
12
11
54
-
chamber of commerce
2
1
7
-
pensions
48
44
129
-
surtax
-
-
-
-
other
18
17
79
-
unemployment
12
11
31
-
accident
5
5
13
-
health
15
13
39
-
total
112
102
352
-
Corporate
1 655
1 698
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
1 241
1 274
-
-
withholding
341
350
-
-
total
341
350
-
-
Income
2 150
2 150
2 150
2 150
Total tax
971
968
1 590
1 050
After tax
1 179
1 182
560
1 100
Living cost
281
281
281
281
Free-cash
898
901
279
819

Estimated living cost  is £281 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
£2016
£1931
£1910
£1608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
140
-
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%.

2 010
2 150
-
-
total
-
-
-
-
Dividends
2 010
2 150
-
-
withholding
100
107
-
-
total
100
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
128
107
430
22
After tax
2 022
2 043
1 720
2 128
Living cost
112
112
112
112
Free-cash
1 910
1 931
1 608
2 016

Estimated living cost  is £112 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£744
£1244
£1171
£697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
393
health
-
-
-
212
unemployment
-
-
-
3
income
-
-
-
562
total
-
-
-
1 170
Employee

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

389
-
1 860
-
pensions
60
-
288
-
unemployment
1
-
3
-
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.

389
-
1 860
-
pensions
34
-
165
-
unemployment
-
-
1
-
health
26
-
124
-
total
60
-
290
-
Corporate
1 700
2 150
-
-
income
323
409
-
-
total
323
409
-
-
Dividends
1 377
1 741
-
-
withholding
207
261
-
-
total
207
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
743
670
1 217
1 170
After tax
1 407
1 480
933
980
Living cost
236
236
236
236
Free-cash
1 171
1 244
697
744

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
£1103
£925
£502
£1651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245
income
-
-
-
419
total
-
-
-
664
Employee
550
-
-
-
social contributions
45
-
6
-
income
121
-
-
-
total
166
-
6
-
Employer
550
-
-
-
social contributions
775
-
110
-
total
775
-
110
-
Corporate
825
2 150
-
-
income
182
473
-
-
total
182
473
-
-
Dividends
644
1 677
-
-
income
142
369
-
-
total
142
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 265
842
116
664
After tax
885
1 308
2 034
1 486
Living cost
383
383
383
383
Free-cash
502
925
1 651
1 103

Estimated living cost  is £383 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
£837
£947
£938
£663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
-
social contributions

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

-
-
-
747
income
-
-
-
290
total
-
-
-
1 037
Employee
405
-
1 737
-
social contributions
45
-
191
-
surtax
-
-
5
-
income
84
-
602
-
total
129
-
798
-
Employer
405
-
1 737
-
social contributions
96
-
413
-
total
96
-
413
-
Corporate
1 649
2 150
-
-
income
346
451
-
-
surtax
-
-
-
-
total
346
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
1 211
1 037
After tax
1 214
1 223
939
1 113
Living cost
276
276
276
276
Free-cash
938
947
663
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
£736
£659
£718
£662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
326
health
-
-
-
110
surtax
-
-
-
-
other
-
-
-
67
social contributions
-
-
-
61
income
-
-
-
425
total
-
-
-
989
Employee
551
-
1 632
-
social contributions
16
-
47
-
surtax
-
-
-
-
pensions
62
-
127
-
income
48
-
371
-
total
126
-
545
-
Employer
551
-
1 632
-
pensions
91
-
211
-
social contributions
2
-
5
-
other
19
-
69
-
unemployment
22
-
66
-
health
39
-
167
-
total
173
-
518
-
Corporate
1 427
2 150
-
-
income
400
602
-
-
surtax
-
-
-
-
total
400
602
-
-
Dividends
1 027
1 548
-
-
withholding
131
198
-
-
surtax
-
-
-
-
social contributions
177
266
-
-
total
308
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 007
1 066
1 063
989
After tax
1 143
1 084
1 087
1 161
Living cost
425
425
425
425
Free-cash
718
659
662
736

Estimated living cost  is £425 per week

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

Source of data for Paris model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
473
income
-
-
-
114
total
-
-
-
587
Employee
283
-
1 861
-
social contributions
18
-
121
-
income
-
-
121
-
total
18
-
242
-
Employer
283
-
1 861
-
social contributions
44
-
289
-
total
44
-
289
-
Corporate
1 823
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£810
£235
£124
£235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
466
pensions
-
-
-
8
labour market
-
-
-
171
national
-
-
-
272
total
-
-
-
917
Employee
1 786
1 786
1 786
-
municipal
380
380
380
-
national
218
218
218
-
pensions
3
3
3
-
labour market
143
143
143
-
total
744
744
744
-
Employer
1 786
1 786
1 786
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
national
219
219
219
-
total
748
748
748
-
Corporate
236
-
-
-
income
52
-
-
-
total
52
-
-
-
Dividends
184
-
-
-
withholding
59
-
-
-
total
59
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 603
1 492
1 492
917
After tax
547
658
658
1 233
Living cost
423
423
423
423
Free-cash
124
235
235
810

Estimated living cost  is £423 per week

£290
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
£1275
-£20
£144
£994
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
37
health
-
-
-
19
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
620
total
-
-
-
681
Employee
305
-
1 970
-
pensions
34
-
68
-
income
42
-
489
-
health
35
-
226
-
total
111
-
783
-
Employer
305
-
1 970
-
pensions
50
-
98
-
unemployment
7
-
48
-
accident
5
-
33
-
total
62
-
179
-
Corporate
1 783
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.

1 605
1 935
-
-
total
1 605
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
194
194
194
194
Free-cash
144
-20
994
1 275

Estimated living cost  is £194 per week

£141
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
£962
£970
£999
£715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
382
health
-
-
-
29
national
-
-
-
439
total
-
-
-
850
Employee
463
-
1 809
-
municipal
76
-
294
-
national
8
-
288
-
pensions
31
-
122
-
unemployment
7
-
27
-
health
3
-
24
-
total
125
-
755
-
Employer
463
-
1 809
-
pensions
80
-
314
-
unemployment
3
-
12
-
accident
-
-
2
-
health
4
-
14
-
total
87
-
342
-
Corporate
1 600
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
850
After tax
1 337
1 308
1 053
1 300
Living cost
338
338
338
338
Free-cash
999
970
715
962

Estimated living cost  is £338 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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
£1236
£1361
£1314
£1217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
55
social contributions
-
-
-
142
income
-
-
-
513
total
-
-
-
710
Employee
677
677
2 037
-
social contributions
26
56
76
-
income
74
63
504
-
health
5
12
35
-
total
105
131
615
-
Employer
677
677
2 037
-
social contributions
26
56
76
-
health
6
13
38
-
total
32
69
114
-
Corporate
1 811
1 405
-
-
income
226
176
-
-
total
226
176
-
-
Dividends
1 584
1 229
-
-
withholding
269
209
-
-
total
269
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
632
585
729
710
After tax
1 518
1 565
1 421
1 440
Living cost
204
204
204
204
Free-cash
1 314
1 361
1 217
1 236

Estimated living cost  is £204 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1698
£1641
£1596
£1522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
56
health
-
-
-
32
unemployment
-
-
-
-
income
-
-
-
224
total
-
-
-
312
Employee

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

202
-
2 064
-
pensions
30
-
125
-
unemployment
1
-
4
-
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
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 927
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
140
140
140
140
Free-cash
1 596
1 641
1 522
1 698

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£957
£1183
£1145
£921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
pensions
-
-
-
231
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
706
total
-
-
-
951
Employee
325
-
1 890
-
pensions
15
-
38
-
other
-
-
1
-
unemployment
5
-
13
-
income
63
-
675
-
total
83
-
727
-
Employer
325
-
1 890
-
pensions
77
-
192
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
total
104
-
260
-
Corporate
1 721
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
323
-
-
total
258
323
-
-
Dividends
1 463
1 827
-
-
withholding
318
402
-
-
total
318
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
725
987
951
After tax
1 387
1 425
1 163
1 199
Living cost
242
242
242
242
Free-cash
1 145
1 183
921
957

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
£1370
£1325
£1323
£1369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13
health
-
-
-
9
income
-
-
-
741
total
-
-
-
763
Employee
26
-
2 136
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
740
-
health
1
-
3
-
total
8
-
750
-
Employer
26
-
2 136
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
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
763
After tax
1 340
1 342
1 386
1 387
Living cost
17
17
17
17
Free-cash
1 323
1 325
1 369
1 370

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
£1251
£1401
£1356
£1252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
169
health
-
-
-
67
unemployment
-
-
-
10
income
-
-
-
501
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
-
pensions
32
-
91
-
unemployment
2
-
5
-
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
-
pensions
28
-
78
-
unemployment
2
-
5
-
health
12
-
33
-
total
42
-
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
642
597
746
747
After tax
1 508
1 553
1 404
1 403
Living cost
152
152
152
152
Free-cash
1 356
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£876
£986
£982
£702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
747
income
-
-
-
290
total
-
-
-
1 037
Employee
341
-
1 737
-
social contributions
38
-
191
-
surtax
-
-
5
-
income
67
-
602
-
total
105
-
798
-
Employer
341
-
1 737
-
social contributions
81
-
413
-
total
81
-
413
-
Corporate
1 727
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
1 211
1 037
After tax
1 219
1 223
939
1 113
Living cost
237
237
237
237
Free-cash
982
986
702
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£890
£1116
£1061
£854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
pensions
-
-
-
231
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
706
total
-
-
-
951
Employee
425
-
1 890
-
pensions
20
-
38
-
other
-
-
1
-
unemployment
7
-
13
-
income
89
-
675
-
total
116
-
727
-
Employer
425
-
1 890
-
pensions
100
-
192
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
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.

238
323
-
-
total
238
323
-
-
Dividends
1 351
1 827
-
-
withholding
292
402
-
-
total
292
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
780
725
987
951
After tax
1 370
1 425
1 163
1 199
Living cost
309
309
309
309
Free-cash
1 061
1 116
854
890

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
£1595
£1687
£1634
£1686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
health
-
-
-
35
unemployment
-
-
-
1
income
-
-
-
323
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
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
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
£729
£765
£880
£979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
250
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
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
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
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.

438
-
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
1 712
2 150
-
-
trade
246
309
-
-
income
257
323
-
-
chamber of commerce
4
4
-
-
surtax

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

14
18
-
-
total
521
654
-
-
Dividends
1 192
1 497
-
-
withholding
295
371
-
-
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
-
-
total
311
391
-
-
Income
2 150
2 150
2 150
2 150
Total tax
930
1 045
831
1 081
After tax
1 220
1 105
1 319
1 069
Living cost
340
340
340
340
Free-cash
880
765
979
729

Estimated living cost  is £340 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£561
£1004
£1023
£561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
373
income
-
-
-
715
total
-
-
-
1 088
Employee
688
-
2 150
-
social contributions
57
-
373
-
income
130
-
715
-
total
187
-
1 088
-
Employer
688
-
2 150
-
total
-
-
-
-
Corporate
1 462
2 150
-
-
income
183
269
-
-
total
183
269
-
-
Dividends
1 279
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
501
501
501
501
Free-cash
1 023
1 004
561
561

Estimated living cost  is £501 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
£1454
£1033
£1064
£1174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
54
income
-
-
-
323
total
-
-
-
377
Employee
404
-
2 110
-
social contributions
40
-
40
-
income
44
-
577
-
total
84
-
617
-
Employer
404
-
2 110
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 706
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
377
After tax
1 383
1 352
1 493
1 773
Living cost
319
319
319
319
Free-cash
1 064
1 033
1 174
1 454

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
£1056
£1018
£1069
£864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
91
income
-
-
-
679
total
-
-
-
770
Employee
445
-
1 872
-
pensions
34
-
107
-
income
81
-
552
-
health
6
-
25
-
total
121
-
684
-
Employer
445
-
1 872
-
pensions
45
-
242
-
health
8
-
36
-
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
£1256
-£39
£142
£975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
37
health
-
-
-
19
other
-
-
-
3
accident
-
-
-
2
income
-
-
-
620
total
-
-
-
681
Employee
335
-
1 970
-
pensions
38
-
68
-
income
46
-
489
-
health
38
-
226
-
total
122
-
783
-
Employer
335
-
1 970
-
pensions
54
-
98
-
unemployment
8
-
48
-
accident
6
-
33
-
total
68
-
179
-
Corporate
1 747
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.

1 572
1 935
-
-
total
1 572
1 935
-
-
Dividends
175
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 795
1 976
962
681
After tax
355
174
1 188
1 469
Living cost
213
213
213
213
Free-cash
142
-39
975
1 256

Estimated living cost  is £213 per week

£156
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
£1280
£1526
£1499
£1474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
259
health insurance
-
-
-
104
work injury
-
-
-
7
unemployment
-
-
-
17
income
-
-
-
364
total
-
-
-
751
Employee

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

190
-
2 150
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
income
19
-
364
-
work injury
1
-
4
-
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
£669
£781
£742
£597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15
regional
-
-
-
54
social contributions
-
-
-
440
national
-
-
-
621
total
-
-
-
1 130
Employee
741
-
2 150
-
social contributions
250
-
577
-
municipal
4
-
14
-
regional
11
-
49
-
national
125
-
562
-
total
390
-
1 202
-
Employer
741
-
2 150
-
total
-
-
-
-
Corporate
1 409
2 150
-
-
nationa
338
516
-
-
municipal
68
104
-
-
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
1 130
After tax
1 093
1 132
948
1 020
Living cost
350
350
350
350
Free-cash
742
781
597
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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