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
£1052
£817
£778
£914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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
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.

-
-
-
732
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
trade
-
-
-
274
total
-
-
-
1 106
Employee

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

335
-
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
-
732
-
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
-
832
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 815
2 150
-
-
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
-
-
trade
286
339
-
-
income
272
323
-
-
total
577
684
-
-
Dividends
1 238
1 467
-
-
surtax

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

17
20
-
-
withholding
306
363
-
-
total
323
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
970
1 067
832
1 106
After tax
1 180
1 083
1 318
1 044
Living cost
266
266
266
266
Free-cash
914
817
1 052
778

Estimated living cost  is £266 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£765
£878
£755
£868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
23
pensions
-
-
-
258
national
-
-
-
411
municipal
-
-
-
239
total
-
-
-
931
Employee
719
-
1 859
-
municipal
89
-
248
-
national
138
-
430
-
pensions
29
-
74
-
total
256
-
752
-
Employer
719
-
1 859
-
pensions
58
-
149
-
social contributions
8
-
20
-
total
66
-
169
-
Corporate
1 318
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%.

264
430
-
-
total
264
430
-
-
Dividends
1 055
1 720
-
-
withholding
232
378
-
-
total
232
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
818
808
921
931
After tax
1 332
1 342
1 229
1 219
Living cost
464
464
464
464
Free-cash
868
878
765
755

Estimated living cost  is £464 per week

£315
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£762
£1538
£612
£1466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
336
income
-
-
-
472
surtax
-
-
-
548
microenterprise
-
-
-
-
total
-
-
-
1 356
Employee
256
-
1 710
-
surtax
-
-
248
-
social contributions

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

28
-
115
-
income
46
-
403
-
total
74
-
766
-
Employer
256
-
1 710
-
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
-
252
-
total
62
-
440
-
Corporate
1 832
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.

1 466
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
182
182
182
182
Free-cash
1 466
1 538
762
612

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1007
£706
£778
£651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
794
pensions
-
-
-
103
total
-
-
-
1 005
Employee
749
749
1 987
-
income

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

123
123
402
-
pensions
135
103
103
-
health
115
98
108
-
total
373
324
613
-
Employer
749
749
1 987
-
unemployment
27
27
33
-
health
52
52
65
-
pensions
52
52
65
-
total
131
131
163
-
Corporate
1 279
1 270
-
-
income
256
254
-
-
total
256
254
-
-
Dividends
1 024
1 016
-
-
income
218
216
-
-
withholding
154
152
-
-
total
372
368
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 132
1 077
776
1 005
After tax
1 018
1 073
1 374
1 145
Living cost
367
367
367
367
Free-cash
651
706
1 007
778

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£698
£811
£707
£803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
92
health
-
-
-
50
accident
-
-
-
2
pensions
-
-
-
86
national
-
-
-
277
unemployment
-
-
-
1
municipal
-
-
-
572
total
-
-
-
1 080
Employee
517
-
1 900
-
municipal
154
-
567
-
national
-
-
272
-
total
154
-
839
-
Employer
517
-
1 900
-
other
60
-
92
-
unemployment
14
-
21
-
health
32
-
49
-
accident
1
-
2
-
pensions
56
-
86
-
total
163
-
250
-
Corporate
1 470
2 150
-
-
income
323
473
-
-
total
323
473
-
-
Dividends
1 147
1 677
-
-
withholding
344
503
-
-
total
344
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
984
976
1 089
1 080
After tax
1 166
1 174
1 061
1 070
Living cost
363
363
363
363
Free-cash
803
811
698
707

Estimated living cost  is £363 per week

£241
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
£974
£727
£687
£851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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
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.

-
-
-
732
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
trade
-
-
-
287
total
-
-
-
1 119
Employee

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

445
-
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
-
732
-
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
-
832
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 705
2 150
-
-
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
-
-
trade
281
354
-
-
income
256
323
-
-
total
555
699
-
-
Dividends
1 151
1 452
-
-
surtax

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

16
20
-
-
withholding
284
360
-
-
total
300
380
-
-
Income
2 150
2 150
2 150
2 150
Total tax
955
1 079
832
1 119
After tax
1 195
1 071
1 318
1 031
Living cost
344
344
344
344
Free-cash
851
727
974
687

Estimated living cost  is £344 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1138
£1284
£1155
£1246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
55
income
-
-
-
514
total
-
-
-
711
Employee
674
674
2 037
-
social contributions
33
56
75
-
income
71
62
505
-
health
7
11
35
-
total
111
129
615
-
Employer
674
674
2 037
-
health
7
12
38
-
social contributions
33
56
75
-
total
40
68
113
-
Corporate
1 715
1 407
-
-
income
214
176
-
-
total
214
176
-
-
Dividends
1 501
1 231
-
-
withholding
255
209
-
-
total
255
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
620
582
728
711
After tax
1 530
1 568
1 422
1 439
Living cost
284
284
284
284
Free-cash
1 246
1 284
1 138
1 155

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£1084
£1044
£1328
£1048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
263
pensions
-
-
-
215
unemployment
-
-
-
32
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.

234
93
1 799
-
income
29
11
220
-
pensions
23
9
180
-
health
16
7
126
-
unemployment
4
1
27
-
total
72
28
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.

234
93
1 799
-
pensions
46
18
351
-
total
46
18
351
-
Corporate
1 871
2 039
-
-
income
168
184
-
-
total
168
184
-
-
Dividends
1 703
1 855
-
-
social contributions
331
361
-
-
withholding
323
353
-
-
total
654
714
-
-
Income
2 150
2 150
2 150
2 150
Total tax
940
944
904
660
After tax
1 210
1 206
1 246
1 490
Living cost
162
162
162
162
Free-cash
1 048
1 044
1 084
1 328

Estimated living cost  is £162 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
£1027
£1508
£941
£1454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
279
income
-
-
-
288
pensions
-
-
-
430
total
-
-
-
997
Employee
249
-
1 607
-
income
28
-
310
-
pensions
5
-
32
-
unemployment
4
-
26
-
total
37
-
368
-
Employer
249
-
1 607
-
unemployment
2
-
13
-
health
32
-
209
-
pensions
50
-
321
-
total
84
-
543
-
Corporate
1 817
2 150
-
-
income
363
430
-
-
total
363
430
-
-
Dividends
1 454
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
1 454
1 508
1 027
941

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£995
-£20
£1274
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
621
pensions
-
-
-
37
total
-
-
-
682
Employee
306
-
1 972
-
income
42
-
490
-
pensions
34
-
67
-
health
35
-
226
-
total
111
-
783
-
Employer
306
-
1 972
-
unemployment
7
-
48
-
accident
5
-
33
-
pensions
50
-
97
-
total
62
-
178
-
Corporate
1 782
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.

1 604
1 935
-
-
total
1 604
1 935
-
-
Dividends
178
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 811
1 976
961
682
After tax
339
174
1 189
1 468
Living cost
194
194
194
194
Free-cash
145
-20
995
1 274

Estimated living cost  is £194 per week

£142
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
£1647
£1969
£2055
£1956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
91
-
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%.

2 059
2 150
-
-
total
-
-
-
-
Dividends
2 059
2 150
-
-
withholding
103
108
-
-
total
103
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
121
108
430
22
After tax
2 029
2 042
1 720
2 128
Living cost
73
73
73
73
Free-cash
1 956
1 969
1 647
2 055

Estimated living cost  is £73 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.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1067
£1346
£1084
£1287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
320
total
-
-
-
832
Employee
318
-
1 810
-
income
55
-
384
-
pensions

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

22
-
93
-
health
4
-
19
-
unemployment
3
-
13
-
total
84
-
509
-
Employer
318
-
1 810
-
other
16
-
67
-
unemployment
3
-
13
-
health
4
-
19
-
accident
3
-
14
-
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
-
total
80
-
340
-
Corporate
1 751
2 150
-
-
income
368
451
-
-
total
368
451
-
-
Dividends
1 384
1 699
-
-
withholding
97
119
-
-
total
97
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
629
570
849
832
After tax
1 521
1 580
1 301
1 318
Living cost
234
234
234
234
Free-cash
1 287
1 346
1 067
1 084

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1724
£1724
£1632
£1683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
323
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
404
Employee
151
-
2 090
-
income
15
-
209
-
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
-
health
7
-
14
-
total
37
-
253
-
Employer
151
-
2 090
-
unemployment
1
-
2
-
health
10
-
21
-
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.

17
-
33
-
total
30
-
59
-
Corporate
1 969
2 150
-
-
income
197
215
-
-
total
197
215
-
-
Dividends
1 772
1 935
-
-
withholding
89
97
-
-
total
89
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
353
312
312
404
After tax
1 797
1 838
1 838
1 746
Living cost
114
114
114
114
Free-cash
1 683
1 724
1 724
1 632

Estimated living cost  is £114 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£888
£587
£659
£610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
108
income
-
-
-
794
pensions
-
-
-
103
total
-
-
-
1 005
Employee
813
749
1 987
-
income

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

123
123
402
-
pensions
103
103
103
-
health
101
98
108
-
total
327
324
613
-
Employer
813
749
1 987
-
unemployment
29
27
33
-
health
56
52
65
-
pensions
57
52
65
-
total
142
131
163
-
Corporate
1 195
1 270
-
-
income
239
254
-
-
total
239
254
-
-
Dividends
956
1 016
-
-
income
203
216
-
-
withholding
143
152
-
-
total
346
368
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 054
1 077
776
1 005
After tax
1 096
1 073
1 374
1 145
Living cost
486
486
486
486
Free-cash
610
587
888
659

Estimated living cost  is £486 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£971
£1264
£1067
£1187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
311
health
-
-
-
290
income
-
-
-
232
solidarity contribution
-
-
-
34
total
-
-
-
867
Employee
318
-
1 728
-
social contributions
21
-
69
-
solidarity contribution
-
-
25
-
income
38
-
214
-
health
43
-
233
-
total
102
-
541
-
Employer
318
-
1 728
-
health
29
-
156
-
social contributions
79
-
266
-
total
108
-
422
-
Corporate
1 724
2 150
-
-
income
328
409
-
-
total
328
409
-
-
Dividends
1 396
1 741
-
-
withholding
209
261
-
-
total
209
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
747
670
963
867
After tax
1 403
1 480
1 187
1 283
Living cost
216
216
216
216
Free-cash
1 187
1 264
971
1 067

Estimated living cost  is £216 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£603
£777
£677
£732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
439
national
-
-
-
622
regional
-
-
-
28
municipal
-
-
-
14
total
-
-
-
1 103
Employee
779
-
2 150
-
social contributions
263
-
575
-
municipal
4
-
13
-
national
135
-
563
-
regional
7
-
26
-
total
409
-
1 177
-
Employer
779
-
2 150
-
total
-
-
-
-
Corporate
1 371
2 150
-
-
nationa
329
516
-
-
municipal
53
84
-
-
total
382
600
-
-
Dividends
988
1 550
-
-
withholding
257
403
-
-
total
257
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 048
1 003
1 177
1 103
After tax
1 102
1 147
973
1 047
Living cost
370
370
370
370
Free-cash
732
777
603
677

Estimated living cost  is £370 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£764
£1159
£816
£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
other
-
-
-
-
health
-
-
-
83
income
-
-
-
701
pensions
-
-
-
234
surtax
-
-
-
121
unemployment
-
-
-
2
total
-
-
-
1 141
Employee
290
-
1 904
-
surtax
1
-
110
-
income
49
-
648
-
other
-
-
-
-
pensions
19
-
78
-
health
7
-
30
-
unemployment
20
-
81
-
total
96
-
947
-
Employer
290
-
1 904
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
156
-
total
61
-
246
-
Corporate
1 799
2 150
-
-
income
468
559
-
-
total
468
559
-
-
Dividends
1 331
1 591
-
-
withholding
200
239
-
-
total
200
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
825
798
1 193
1 141
After tax
1 325
1 352
957
1 009
Living cost
193
193
193
193
Free-cash
1 132
1 159
764
816

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£918
£276
£993
£579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other

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

-
-
-
43
health
-
-
-
5
pensions
-
-
-
198
city
-
-
-
23
national
-
-
-
59
regional
-
-
-
122
total
-
-
-
450
Employee
827
-
1 937
-
national
4
-
49
-
city
9
-
21
-
pensions
69
-
149
-
health
2
-
4
-
regional
27
-
110
-
unemployment
-
-
-
-
total
111
-
333
-
Employer
827
-
1 937
-
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
-
pensions
69
-
149
-
total
88
-
192
-
Corporate
1 226
2 150
-
-
regional
259
455
-
-
national
104
183
-
-
total
363
638
-
-
Dividends
863
1 513
-
-
withholding
302
529
-
-
total
302
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
864
1 167
525
450
After tax
1 286
983
1 625
1 700
Living cost
707
707
707
707
Free-cash
579
276
918
993

Estimated living cost  is £707 per week

£459
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
£916
£658
£617
£802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
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
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.

-
-
-
732
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
trade
-
-
-
299
total
-
-
-
1 131
Employee

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

527
-
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
-
732
-
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
-
832
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 623
2 150
-
-
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
-
-
trade
278
369
-
-
income
243
323
-
-
total
538
714
-
-
Dividends
1 084
1 437
-
-
surtax

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

15
20
-
-
withholding
268
356
-
-
total
283
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
946
1 090
832
1 131
After tax
1 204
1 060
1 318
1 019
Living cost
402
402
402
402
Free-cash
802
658
916
617

Estimated living cost  is £402 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£786
£784
£860
£836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
110
income
-
-
-
426
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
990
Employee
375
-
1 632
-
surtax
-
-
-
-
social contributions
11
-
47
-
income
22
-
372
-
pensions
42
-
127
-
total
75
-
546
-
Employer
375
-
1 632
-
other
13
-
69
-
unemployment
15
-
66
-
health
26
-
167
-
pensions
62
-
211
-
social contributions
1
-
5
-
total
117
-
518
-
Corporate
1 658
2 150
-
-
surtax
-
-
-
-
income
464
602
-
-
total
464
602
-
-
Dividends
1 193
1 548
-
-
social contributions
205
266
-
-
surtax
-
-
-
-
withholding
153
198
-
-
total
358
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 014
1 066
1 064
990
After tax
1 136
1 084
1 086
1 160
Living cost
300
300
300
300
Free-cash
836
784
786
860

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£816
£814
£890
£861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
110
income
-
-
-
426
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
990
Employee
335
-
1 632
-
surtax
-
-
-
-
social contributions
10
-
47
-
income
17
-
372
-
pensions
38
-
127
-
total
65
-
546
-
Employer
335
-
1 632
-
other
12
-
69
-
unemployment
14
-
66
-
health
23
-
167
-
pensions
55
-
211
-
social contributions
1
-
5
-
total
105
-
518
-
Corporate
1 710
2 150
-
-
surtax
-
-
-
-
income
479
602
-
-
total
479
602
-
-
Dividends
1 232
1 548
-
-
social contributions
212
266
-
-
surtax
-
-
-
-
withholding
158
198
-
-
total
370
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 019
1 066
1 064
990
After tax
1 131
1 084
1 086
1 160
Living cost
270
270
270
270
Free-cash
861
814
816
890

Estimated living cost  is £270 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1132
£1126
£1194
£1129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
297
health
-
-
-
150
income
-
-
-
323
total
-
-
-
770
Employee
297
-
2 150
-
social contributions
41
-
297
-
income
50
-
385
-
health
21
-
150
-
total
112
-
832
-
Employer
297
-
2 150
-
total
-
-
-
-
Corporate
1 853
2 150
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

93
107
-
-
total
93
107
-
-
Dividends
1 760
2 043
-
-
social contributions
243
282
-
-
withholding
264
306
-
-
health
123
143
-
-
total
630
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
835
838
832
770
After tax
1 315
1 312
1 318
1 380
Living cost
186
186
186
186
Free-cash
1 129
1 126
1 132
1 194

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£249
£875
£789
£860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
health
-
-
-
78
income
-
-
-
720
chamber of commerce
-
-
-
9
pensions
-
-
-
189
surtax
-
-
-
2
unemployment
-
-
-
54
total
-
-
-
1 052
Employee
438
349
1 797
-
income
50
26
611
-
other
4
3
10
-
pensions
45
36
105
-
health
17
14
40
-
unemployment
13
10
31
-
total
129
89
797
-
Employer
438
349
1 797
-
other
21
17
79
-
unemployment
13
10
31
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
129
-
payroll
13
10
54
-
chamber of commerce
2
1
7
-
total
129
102
354
-
Corporate
1 584
1 698
1 764
-
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
425
441
-
total
396
425
441
-
Dividends
1 188
1 274
-
-
withholding
327
350
-
-
total
327
350
-
-
Income
2 150
2 150
2 150
2 150
Total tax
981
966
1 592
1 052
After tax
1 169
1 184
558
1 098
Living cost
309
309
309
309
Free-cash
860
875
249
789

Estimated living cost  is £309 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
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
-
-
-
880
total
-
-
-
1 215
Employee

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

627
-
1 665
-
national
193
-
638
-
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
-
health

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

29
-
78
-
communal

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

33
-
87
-
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
-
total
307
-
942
-
Employer

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

627
-
1 665
-
unemployment

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

9
-
24
-
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
-
surtax
71
-
189
-
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
-
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
-
total
183
-
485
-
Corporate
1 340
2 150
-
-
surtax
5
9
-
-
income
268
474
-
-
total
273
483
-
-
Dividends
1 067
1 667
-
-
withholding

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

317
497
-
-
total
317
497
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 080
980
1 427
1 215
After tax
1 070
1 170
723
935
Living cost
320
320
320
320
Free-cash
750
850
403
615

Estimated living cost  is £320 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£845
£1108
£883
£1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
706
pensions
-
-
-
230
unemployment
-
-
-
6
total
-
-
-
950
Employee
436
-
1 891
-
income
92
-
676
-
other
-
-
1
-
pensions
21
-
38
-
unemployment
7
-
13
-
total
120
-
728
-
Employer
436
-
1 891
-
other
3
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
pensions
103
-
192
-
total
139
-
260
-
Corporate
1 574
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
1 338
1 827
-
-
withholding
289
402
-
-
total
289
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
784
725
988
950
After tax
1 366
1 425
1 162
1 200
Living cost
317
317
317
317
Free-cash
1 049
1 108
845
883

Estimated living cost  is £317 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£604
£725
£527
£605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
146
accident
-
-
-
18
income
-
-
-
427
pensions
-
-
-
312
communal
-
-
-
136
surtax
-
-
-
108
total
-
-
-
1 147
Employee
664
-
1 920
-
surtax
41
-
118
-
income
64
-
483
-
pensions
53
-
154
-
health
30
-
85
-
total
188
-
840
-
Employer
664
-
1 920
-
health
20
-
59
-
accident
6
-
17
-
pensions
53
-
154
-
total
79
-
230
-
Corporate
1 407
2 150
-
-
surtax
15
23
-
-
income
211
323
-
-
communal
95
145
-
-
total
321
491
-
-
Dividends
1 086
1 660
-
-
income
318
209
-
-
withholding
163
249
-
-
total
481
458
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 069
949
1 070
1 147
After tax
1 081
1 201
1 080
1 003
Living cost
476
476
476
476
Free-cash
605
725
604
527

Estimated living cost  is £476 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£760
£1155
£812
£1128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
-
health
-
-
-
83
income
-
-
-
701
pensions
-
-
-
234
surtax
-
-
-
121
unemployment
-
-
-
2
total
-
-
-
1 141
Employee
295
-
1 904
-
surtax
1
-
110
-
income
49
-
648
-
other
-
-
-
-
pensions
20
-
78
-
health
8
-
30
-
unemployment
21
-
81
-
total
99
-
947
-
Employer
295
-
1 904
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
156
-
total
61
-
246
-
Corporate
1 793
2 150
-
-
income
466
559
-
-
total
466
559
-
-
Dividends
1 327
1 591
-
-
withholding
199
239
-
-
total
199
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
825
798
1 193
1 141
After tax
1 325
1 352
957
1 009
Living cost
197
197
197
197
Free-cash
1 128
1 155
760
812

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£731
£894
£804
£874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
439
national
-
-
-
622
regional
-
-
-
35
municipal
-
-
-
14
total
-
-
-
1 110
Employee
486
-
2 150
-
social contributions
164
-
575
-
municipal
3
-
13
-
national
77
-
563
-
regional
7
-
32
-
total
251
-
1 183
-
Employer
486
-
2 150
-
total
-
-
-
-
Corporate
1 664
2 150
-
-
nationa
399
516
-
-
municipal
83
107
-
-
total
482
623
-
-
Dividends
1 182
1 527
-
-
withholding
307
397
-
-
total
307
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 040
1 020
1 183
1 110
After tax
1 110
1 130
967
1 040
Living cost
236
236
236
236
Free-cash
874
894
731
804

Estimated living cost  is £236 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£921
£1214
£1017
£1120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
311
health
-
-
-
290
income
-
-
-
232
solidarity contribution
-
-
-
34
total
-
-
-
867
Employee
392
-
1 728
-
social contributions
25
-
69
-
solidarity contribution
-
-
25
-
income
47
-
214
-
health
53
-
233
-
total
125
-
541
-
Employer
392
-
1 728
-
health
35
-
156
-
social contributions
98
-
266
-
total
133
-
422
-
Corporate
1 625
2 150
-
-
income
309
409
-
-
total
309
409
-
-
Dividends
1 316
1 741
-
-
withholding
197
261
-
-
total
197
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
764
670
963
867
After tax
1 386
1 480
1 187
1 283
Living cost
266
266
266
266
Free-cash
1 120
1 214
921
1 017

Estimated living cost  is £266 per week

£198
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
£279
£905
£820
£902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78
income
-
-
-
720
chamber of commerce
-
-
-
9
pensions
-
-
-
189
surtax
-
-
-
-
unemployment
-
-
-
54
total
-
-
-
1 050
Employee
383
349
1 799
-
income
34
26
612
-
other
4
3
10
-
pensions
39
36
105
-
health
15
14
40
-
unemployment
11
10
31
-
total
103
89
798
-
Employer
383
349
1 799
-
other
18
17
79
-
unemployment
11
10
31
-
health
14
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
129
-
payroll
11
10
54
-
chamber of commerce
2
1
7
-
total
109
100
352
-
Corporate
1 656
1 700
1 765
-
income

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

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

414
425
441
-
total
414
425
441
-
Dividends
1 242
1 275
-
-
withholding
342
351
-
-
total
342
351
-
-
Income
2 150
2 150
2 150
2 150
Total tax
968
965
1 591
1 050
After tax
1 182
1 185
559
1 100
Living cost
280
280
280
280
Free-cash
902
905
279
820

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1607
£1929
£2015
£1909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
142
-
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%.

2 008
2 150
-
-
total
-
-
-
-
Dividends
2 008
2 150
-
-
withholding
100
108
-
-
total
100
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
128
108
430
22
After tax
2 022
2 042
1 720
2 128
Living cost
114
114
114
114
Free-cash
1 909
1 929
1 607
2 015

Estimated living cost  is £114 per week

£77
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
£698
£1245
£744
£1172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
212
income
-
-
-
563
pensions
-
-
-
393
unemployment
-
-
-
3
total
-
-
-
1 171
Employee

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

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

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

388
-
1 860
-
unemployment
-
-
1
-
health
26
-
124
-
pensions
34
-
165
-
total
60
-
290
-
Corporate
1 702
2 150
-
-
income
323
409
-
-
total
323
409
-
-
Dividends
1 379
1 741
-
-
withholding
207
261
-
-
total
207
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
743
670
1 217
1 171
After tax
1 407
1 480
933
979
Living cost
235
235
235
235
Free-cash
1 172
1 245
698
744

Estimated living cost  is £235 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1629
£909
£1087
£469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
572
-
-
-
social contributions
47
-
7
-
income
126
-
-
-
total
173
-
7
-
Employer
572
-
-
-
social contributions
807
-
115
-
total
807
-
115
-
Corporate
771
2 150
-
-
income
170
473
-
-
total
170
473
-
-
Dividends
601
1 677
-
-
income
132
369
-
-
total
132
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 282
842
122
664
After tax
868
1 308
2 028
1 486
Living cost
399
399
399
399
Free-cash
469
909
1 629
1 087

Estimated living cost  is £399 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£663
£948
£838
£939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
747
income
-
-
-
290
surtax
-
-
-
-
total
-
-
-
1 037
Employee
403
-
1 737
-
surtax
-
-
5
-
social contributions
44
-
191
-
income
84
-
603
-
total
128
-
799
-
Employer
403
-
1 737
-
social contributions
96
-
413
-
total
96
-
413
-
Corporate
1 651
2 150
-
-
surtax
-
-
-
-
income
347
451
-
-
total
347
451
-
-
Dividends
1 304
1 699
-
-
withholding
365
476
-
-
total
365
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
936
927
1 212
1 037
After tax
1 214
1 223
938
1 113
Living cost
275
275
275
275
Free-cash
939
948
663
838

Estimated living cost  is £275 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£663
£661
£737
£721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
67
social contributions
-
-
-
61
health
-
-
-
110
income
-
-
-
426
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
990
Employee
549
-
1 632
-
surtax
-
-
-
-
social contributions
16
-
47
-
income
48
-
372
-
pensions
62
-
127
-
total
126
-
546
-
Employer
549
-
1 632
-
other
19
-
69
-
unemployment
22
-
66
-
health
38
-
167
-
pensions
90
-
211
-
social contributions
2
-
5
-
total
171
-
518
-
Corporate
1 429
2 150
-
-
surtax
-
-
-
-
income
400
602
-
-
total
400
602
-
-
Dividends
1 029
1 548
-
-
social contributions
177
266
-
-
surtax
-
-
-
-
withholding
132
198
-
-
total
309
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 006
1 066
1 064
990
After tax
1 144
1 084
1 086
1 160
Living cost
423
423
423
423
Free-cash
721
661
663
737

Estimated living cost  is £423 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
114
social contributions
-
-
-
473
total
-
-
-
587
Employee
282
-
1 861
-
income
-
-
121
-
social contributions
18
-
121
-
total
18
-
242
-
Employer
282
-
1 861
-
social contributions
44
-
289
-
total
44
-
289
-
Corporate
1 824
2 150
-
-
income
182
215
-
-
total
182
215
-
-
Dividends
1 642
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

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£242
£242
£811
£127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
labour market
-
-
-
171
pensions
-
-
-
8
national
-
-
-
272
municipal
-
-
-
466
total
-
-
-
917
Employee
1 779
1 779
1 779
-
labour market
142
142
142
-
municipal
379
379
379
-
national
217
217
217
-
pensions
3
3
3
-
total
741
741
741
-
Employer
1 779
1 779
1 779
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
243
-
-
-
income
53
-
-
-
total
53
-
-
-
Dividends
189
-
-
-
withholding
62
-
-
-
total
62
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 601
1 486
1 486
917
After tax
549
664
664
1 233
Living cost
422
422
422
422
Free-cash
127
242
242
811

Estimated living cost  is £422 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£998
-£17
£1277
£146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
621
pensions
-
-
-
37
total
-
-
-
682
Employee
301
-
1 972
-
income
41
-
490
-
pensions
34
-
67
-
health
34
-
226
-
total
109
-
783
-
Employer
301
-
1 972
-
unemployment
7
-
48
-
accident
5
-
33
-
pensions
49
-
97
-
total
61
-
178
-
Corporate
1 788
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.

1 609
1 935
-
-
total
1 609
1 935
-
-
Dividends
179
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 813
1 976
961
682
After tax
337
174
1 189
1 468
Living cost
191
191
191
191
Free-cash
146
-17
998
1 277

Estimated living cost  is £191 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£716
£970
£962
£1000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
health
-
-
-
29
national
-
-
-
440
municipal
-
-
-
382
total
-
-
-
851
Employee
461
-
1 809
-
municipal
76
-
294
-
national
8
-
288
-
pensions
31
-
122
-
health
3
-
24
-
unemployment
7
-
27
-
total
125
-
755
-
Employer
461
-
1 809
-
unemployment
3
-
12
-
health
4
-
14
-
accident
-
-
2
-
pensions
80
-
314
-
total
87
-
342
-
Corporate
1 602
2 150
-
-
income
320
430
-
-
total
320
430
-
-
Dividends

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

961
1 290
-
-
national
108
181
-
-
municipal
173
232
-
-
total
281
413
-
-
Income
2 150
2 150
2 150
2 150
Total tax
813
843
1 097
851
After tax
1 337
1 307
1 053
1 299
Living cost
337
337
337
337
Free-cash
1 000
970
716
962

Estimated living cost  is £337 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1219
£1365
£1236
£1318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
55
income
-
-
-
514
total
-
-
-
711
Employee
674
674
2 037
-
social contributions
25
56
75
-
income
73
62
505
-
health
5
11
35
-
total
103
129
615
-
Employer
674
674
2 037
-
health
6
12
38
-
social contributions
25
56
75
-
total
31
68
113
-
Corporate
1 812
1 407
-
-
income
226
176
-
-
total
226
176
-
-
Dividends
1 585
1 231
-
-
withholding
269
209
-
-
total
269
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
629
582
728
711
After tax
1 521
1 568
1 422
1 439
Living cost
203
203
203
203
Free-cash
1 318
1 365
1 219
1 236

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1523
£1642
£1699
£1596
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

201
-
2 064
-
income
14
-
202
-
pensions
30
-
125
-
health
17
-
71
-
unemployment
1
-
4
-
total
62
-
402
-
Employer

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

201
-
2 064
-
unemployment
1
-
4
-
health
9
-
36
-
pensions
11
-
46
-
total
21
-
86
-
Corporate
1 928
2 150
-
-
income
174
193
-
-
total
174
193
-
-
Dividends
1 755
1 957
-
-
withholding
158
176
-
-
total
158
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
415
369
488
312
After tax
1 735
1 781
1 662
1 838
Living cost
139
139
139
139
Free-cash
1 596
1 642
1 523
1 699

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£921
£1184
£959
£1146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
706
pensions
-
-
-
230
unemployment
-
-
-
6
total
-
-
-
950
Employee
324
-
1 891
-
income
63
-
676
-
other
-
-
1
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
83
-
728
-
Employer
324
-
1 891
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
pensions
77
-
192
-
total
104
-
260
-
Corporate
1 722
2 150
-
-
income

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

258
323
-
-
total
258
323
-
-
Dividends
1 464
1 827
-
-
withholding
318
402
-
-
total
318
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
725
988
950
After tax
1 387
1 425
1 162
1 200
Living cost
241
241
241
241
Free-cash
1 146
1 184
921
959

Estimated living cost  is £241 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1370
£1326
£1371
£1324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
742
pensions
-
-
-
12
total
-
-
-
763
Employee
25
-
2 137
-
income
5
-
741
-
pensions
2
-
5
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
750
-
Employer
25
-
2 137
-
unemployment
-
-
1
-
health
2
-
6
-
pensions
3
-
7
-
total
5
-
14
-
Corporate
2 120
2 150
-
-
income
466
473
-
-
total
466
473
-
-
Dividends
1 653
1 677
-
-
withholding
331
335
-
-
total
331
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
16
16
16
16
Free-cash
1 324
1 326
1 370
1 371

Estimated living cost  is £16 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
£1253
£1403
£1253
£1359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
67
income
-
-
-
501
pensions
-
-
-
168
unemployment
-
-
-
10
total
-
-
-
746
Employee

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

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

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

228
-
2 034
-
income
31
-
501
-
pensions
32
-
91
-
health
12
-
33
-
unemployment
2
-
5
-
total
77
-
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.

228
-
2 034
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
78
-
total
41
-
116
-
Corporate
1 881
2 150
-
-
income
282
322
-
-
total
282
322
-
-
Dividends
1 599
1 828
-
-
withholding
240
274
-
-
total
240
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
640
596
746
746
After tax
1 510
1 554
1 404
1 404
Living cost
151
151
151
151
Free-cash
1 359
1 403
1 253
1 253

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£702
£987
£877
£985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
747
income
-
-
-
290
surtax
-
-
-
-
total
-
-
-
1 037
Employee
340
-
1 737
-
surtax
-
-
5
-
social contributions
37
-
191
-
income
66
-
603
-
total
103
-
799
-
Employer
340
-
1 737
-
social contributions
81
-
413
-
total
81
-
413
-
Corporate
1 729
2 150
-
-
surtax
-
-
-
-
income
363
451
-
-
total
363
451
-
-
Dividends
1 366
1 699
-
-
withholding
382
476
-
-
total
382
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
929
927
1 212
1 037
After tax
1 221
1 223
938
1 113
Living cost
236
236
236
236
Free-cash
985
987
702
877

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£854
£1117
£892
£1061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
706
pensions
-
-
-
230
unemployment
-
-
-
6
total
-
-
-
950
Employee
423
-
1 891
-
income
88
-
676
-
other
-
-
1
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
728
-
Employer
423
-
1 891
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
pensions
100
-
192
-
total
134
-
260
-
Corporate
1 592
2 150
-
-
income

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

239
323
-
-
total
239
323
-
-
Dividends
1 353
1 827
-
-
withholding
293
402
-
-
total
293
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
781
725
988
950
After tax
1 369
1 425
1 162
1 200
Living cost
308
308
308
308
Free-cash
1 061
1 117
854
892

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1688
£1688
£1596
£1636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
323
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
404
Employee
198
-
2 090
-
income
20
-
209
-
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.

17
-
27
-
health
9
-
14
-
total
48
-
253
-
Employer
198
-
2 090
-
unemployment
1
-
2
-
health
14
-
21
-
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.

22
-
33
-
total
39
-
59
-
Corporate
1 913
2 150
-
-
income
191
215
-
-
total
191
215
-
-
Dividends
1 722
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
364
312
312
404
After tax
1 786
1 838
1 838
1 746
Living cost
150
150
150
150
Free-cash
1 636
1 688
1 688
1 596

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£980
£767
£730
£882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
732
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
trade
-
-
-
250
total
-
-
-
1 082
Employee

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

436
-
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
-
732
-
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
-
832
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 714
2 150
-
-
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
-
-
trade
246
309
-
-
income
257
323
-
-
total
521
654
-
-
Dividends
1 193
1 497
-
-
surtax

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

16
20
-
-
withholding
295
371
-
-
total
311
391
-
-
Income
2 150
2 150
2 150
2 150
Total tax
930
1 045
832
1 082
After tax
1 220
1 105
1 318
1 068
Living cost
338
338
338
338
Free-cash
882
767
980
730

Estimated living cost  is £338 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£563
£1006
£563
£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
income
-
-
-
715
social contributions
-
-
-
373
total
-
-
-
1 088
Employee
686
-
2 150
-
income
129
-
715
-
social contributions
57
-
373
-
total
186
-
1 088
-
Employer
686
-
2 150
-
total
-
-
-
-
Corporate
1 464
2 150
-
-
income
183
269
-
-
total
183
269
-
-
Dividends
1 281
1 881
-
-
withholding
256
376
-
-
total
256
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
625
645
1 088
1 088
After tax
1 525
1 505
1 062
1 062
Living cost
499
499
499
499
Free-cash
1 026
1 006
563
563

Estimated living cost  is £499 per week

£380
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
£1174
£1033
£1455
£1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 150
income
-
-
-
323
health

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

-
-
-
54
total
-
-
-
377
Employee
402
-
2 110
-
income
44
-
578
-
social contributions
40
-
40
-
total
84
-
618
-
Employer
402
-
2 110
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 708
2 150
-
-
income
598
753
-
-
total
598
753
-
-
Dividends
1 110
1 397
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 150
2 150
2 150
2 150
Total tax
768
799
658
377
After tax
1 382
1 351
1 492
1 773
Living cost
318
318
318
318
Free-cash
1 064
1 033
1 174
1 455

Estimated living cost  is £318 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
£864
£1018
£1056
£1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£979
-£36
£1258
£142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
621
pensions
-
-
-
37
total
-
-
-
682
Employee
331
-
1 972
-
income
45
-
490
-
pensions
37
-
67
-
health
38
-
226
-
total
120
-
783
-
Employer
331
-
1 972
-
unemployment
8
-
48
-
accident
6
-
33
-
pensions
54
-
97
-
total
68
-
178
-
Corporate
1 752
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.

1 577
1 935
-
-
total
1 577
1 935
-
-
Dividends
175
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 798
1 976
961
682
After tax
352
174
1 189
1 468
Living cost
210
210
210
210
Free-cash
142
-36
979
1 258

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1476
£1527
£1282
£1500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income
-
-
-
364
health insurance
-
-
-
104
work injury
-
-
-
7
pensions
-
-
-
258
unemployment
-
-
-
17
total
-
-
-
750
Employee

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

189
-
2 150
-
income
19
-
364
-
work injury
1
-
3
-
health insurance
14
-
52
-
pensions
35
-
129
-
unemployment
2
-
8
-
total
71
-
556
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 961
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
1 765
1 935
-
-
withholding
265
290
-
-
total
265
290
-
-
Income
2 150
2 150
2 150
2 150
Total tax
532
505
556
750
After tax
1 618
1 645
1 594
1 400
Living cost
118
118
118
118
Free-cash
1 500
1 527
1 476
1 282

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£599
£783
£671
£744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
social contributions
-
-
-
439
national
-
-
-
622
regional
-
-
-
54
municipal
-
-
-
15
total
-
-
-
1 130
Employee
739
-
2 150
-
social contributions
249
-
575
-
municipal
4
-
14
-
national
125
-
563
-
regional
11
-
50
-
total
389
-
1 202
-
Employer
739
-
2 150
-
total
-
-
-
-
Corporate
1 411
2 150
-
-
nationa
339
516
-
-
municipal
68
104
-
-
total
407
620
-
-
Dividends
1 005
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
349
349
349
349
Free-cash
744
783
599
671

Estimated living cost  is £349 per week

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

Source of data for Rome model

Close
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