Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 2150
per

Your estimated
City
free-cash

Dresden , Germany
£818
£1053
£778
£915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
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
health

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

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

-
-
-
60
trade
-
-
-
275
total
-
-
-
1 107
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
-
-
income
272
323
-
-
surtax

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

15
18
-
-
chamber of commerce
4
4
-
-
trade
286
339
-
-
total
577
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
1 107
After tax
1 180
1 083
1 318
1 043
Living cost
265
265
265
265
Free-cash
915
818
1 053
778

Estimated living cost  is £265 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£877
£765
£754
£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
municipal
-
-
-
239
national
-
-
-
411
pensions
-
-
-
258
total
-
-
-
931
Employee
721
-
1 859
-
municipal
89
-
248
-
pensions
29
-
74
-
national
138
-
429
-
total
256
-
751
-
Employer
721
-
1 859
-
pensions
58
-
149
-
social contributions
8
-
20
-
total
66
-
169
-
Corporate
1 316
2 150
-
-
income

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

263
430
-
-
total
263
430
-
-
Dividends
1 053
1 720
-
-
withholding
232
378
-
-
total
232
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
817
808
920
931
After tax
1 333
1 342
1 230
1 219
Living cost
465
465
465
465
Free-cash
868
877
765
754

Estimated living cost  is £465 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1538
£763
£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
income
-
-
-
472
surtax
-
-
-
548
social contributions

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

-
-
-
336
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
-
social contributions

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

62
-
251
-
surtax
-
-
188
-
total
62
-
439
-
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
1 205
1 356
After tax
1 648
1 720
945
794
Living cost
182
182
182
182
Free-cash
1 466
1 538
763
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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£706
£1007
£777
£652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
795
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 006
Employee
748
748
1 987
-
pensions
135
103
103
-
income

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

122
122
402
-
health
115
98
108
-
total
372
323
613
-
Employer
748
748
1 987
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
1 280
1 271
-
-
income
256
254
-
-
total
256
254
-
-
Dividends
1 024
1 017
-
-
income
218
216
-
-
withholding
154
153
-
-
total
372
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 131
1 077
776
1 006
After tax
1 019
1 073
1 374
1 144
Living cost
367
367
367
367
Free-cash
652
706
1 007
777

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
£823
£708
£715
£816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
other
-
-
-
89
unemployment
-
-
-
1
health
-
-
-
48
municipal
-
-
-
575
national
-
-
-
286
pensions
-
-
-
83
total
-
-
-
1 084
Employee
500
-
1 908
-
municipal
149
-
569
-
national
-
-
281
-
total
149
-
850
-
Employer
500
-
1 908
-
health
31
-
47
-
pensions
54
-
83
-
accident
1
-
2
-
unemployment
13
-
20
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 493
2 150
-
-
income
328
473
-
-
total
328
473
-
-
Dividends
1 164
1 677
-
-
withholding
349
503
-
-
total
349
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
983
976
1 091
1 084
After tax
1 167
1 174
1 059
1 066
Living cost
351
351
351
351
Free-cash
816
823
708
715

Estimated living cost  is £351 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£727
£974
£687
£850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
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
health

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

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

-
-
-
60
trade
-
-
-
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.

444
-
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
1 706
2 150
-
-
income
256
323
-
-
surtax

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

14
18
-
-
chamber of commerce
4
4
-
-
trade
281
354
-
-
total
555
699
-
-
Dividends
1 152
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
285
360
-
-
total
301
380
-
-
Income
2 150
2 150
2 150
2 150
Total tax
956
1 079
832
1 119
After tax
1 194
1 071
1 318
1 031
Living cost
344
344
344
344
Free-cash
850
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
£1284
£1138
£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
income
-
-
-
514
social contributions
-
-
-
142
health
-
-
-
55
total
-
-
-
711
Employee
673
673
2 037
-
social contributions
33
56
75
-
income
71
62
505
-
health
7
11
35
-
total
111
129
615
-
Employer
673
673
2 037
-
health
7
12
38
-
social contributions
33
56
75
-
total
40
68
113
-
Corporate
1 716
1 408
-
-
income
214
176
-
-
total
214
176
-
-
Dividends
1 501
1 232
-
-
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
£1050
£1089
£1332
£1052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

226
90
1 799
-
unemployment
3
1
27
-
pensions
23
9
180
-
income
28
11
220
-
health
16
6
126
-
total
70
27
553
-
Employer

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

The minimum wage is 138,000 HUF per month.

226
90
1 799
-
pensions
44
18
351
-
total
44
18
351
-
Corporate
1 880
2 043
-
-
income
169
184
-
-
total
169
184
-
-
Dividends
1 711
1 859
-
-
social contributions
333
361
-
-
withholding
325
353
-
-
total
658
714
-
-
Income
2 150
2 150
2 150
2 150
Total tax
941
943
904
661
After tax
1 209
1 207
1 246
1 489
Living cost
157
157
157
157
Free-cash
1 052
1 050
1 089
1 332

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1508
£1027
£940
£1453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
288
health
-
-
-
280
pensions
-
-
-
430
total
-
-
-
998
Employee
248
-
1 607
-
unemployment
4
-
26
-
pensions
5
-
32
-
income
28
-
310
-
total
37
-
368
-
Employer
248
-
1 607
-
health
32
-
209
-
pensions
50
-
321
-
unemployment
2
-
13
-
total
84
-
543
-
Corporate
1 818
2 150
-
-
income
364
430
-
-
total
364
430
-
-
Dividends
1 454
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
485
430
911
998
After tax
1 665
1 720
1 239
1 152
Living cost
212
212
212
212
Free-cash
1 453
1 508
1 027
940

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
-£21
£994
£1273
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
income
-
-
-
621
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
682
Employee
306
-
1 971
-
pensions
34
-
67
-
income
42
-
490
-
health
35
-
226
-
total
111
-
783
-
Employer
306
-
1 971
-
pensions
50
-
97
-
accident
5
-
33
-
unemployment
7
-
48
-
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.

1 603
1 935
-
-
total
1 603
1 935
-
-
Dividends
178
215
-
-
withholding
34
41
-
-
total
34
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 810
1 976
961
682
After tax
340
174
1 189
1 468
Living cost
195
195
195
195
Free-cash
145
-21
994
1 273

Estimated living cost  is £195 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1973
£1650
£2058
£1959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
88
-
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%.

2 062
2 150
-
-
total
-
-
-
-
Dividends
2 062
2 150
-
-
withholding
103
107
-
-
total
103
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
121
107
430
22
After tax
2 029
2 043
1 720
2 128
Living cost
70
70
70
70
Free-cash
1 959
1 973
1 650
2 058

Estimated living cost  is £70 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1346
£1069
£1085
£1288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
320
total
-
-
-
832
Employee
318
-
1 811
-
unemployment
3
-
13
-
pensions

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

22
-
93
-
income
55
-
384
-
health
4
-
19
-
total
84
-
509
-
Employer
318
-
1 811
-
health
4
-
19
-
pensions

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

54
-
226
-
accident
3
-
14
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
339
-
Corporate
1 752
2 150
-
-
income
368
452
-
-
total
368
452
-
-
Dividends
1 384
1 698
-
-
withholding
97
119
-
-
total
97
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
629
571
848
832
After tax
1 521
1 579
1 302
1 318
Living cost
233
233
233
233
Free-cash
1 288
1 346
1 069
1 085

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1723
£1722
£1631
£1682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
total
-
-
-
404
Employee
152
-
2 090
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
209
-
health
7
-
14
-
total
37
-
253
-
Employer
152
-
2 090
-
health
10
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
1 968
2 150
-
-
income
197
215
-
-
total
197
215
-
-
Dividends
1 771
1 935
-
-
withholding
89
97
-
-
total
89
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
353
312
313
404
After tax
1 797
1 838
1 837
1 746
Living cost
115
115
115
115
Free-cash
1 682
1 723
1 722
1 631

Estimated living cost  is £115 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£587
£888
£658
£611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
795
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 006
Employee
812
748
1 987
-
pensions
103
103
103
-
income

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

122
122
402
-
health
101
98
108
-
total
326
323
613
-
Employer
812
748
1 987
-
health
56
52
65
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
163
-
Corporate
1 196
1 271
-
-
income
239
254
-
-
total
239
254
-
-
Dividends
957
1 017
-
-
income
203
216
-
-
withholding
144
153
-
-
total
347
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 053
1 077
776
1 006
After tax
1 097
1 073
1 374
1 144
Living cost
486
486
486
486
Free-cash
611
587
888
658

Estimated living cost  is £486 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1266
£972
£1068
£1188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
233
social contributions
-
-
-
309
solidarity contribution
-
-
-
35
health
-
-
-
290
total
-
-
-
867
Employee
316
-
1 730
-
solidarity contribution
-
-
26
-
social contributions
21
-
69
-
income
38
-
214
-
health
43
-
234
-
total
102
-
543
-
Employer
316
-
1 730
-
health
28
-
156
-
social contributions
79
-
264
-
total
107
-
420
-
Corporate
1 727
2 150
-
-
income
328
408
-
-
total
328
408
-
-
Dividends
1 399
1 742
-
-
withholding
210
261
-
-
total
210
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
747
669
963
867
After tax
1 403
1 481
1 187
1 283
Living cost
215
215
215
215
Free-cash
1 188
1 266
972
1 068

Estimated living cost  is £215 per week

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

Source of data for Brno model

Close
Milan , Italy
£777
£602
£677
£733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
438
regional
-
-
-
28
municipal
-
-
-
14
national
-
-
-
623
total
-
-
-
1 103
Employee
778
-
2 150
-
municipal
4
-
13
-
national
135
-
564
-
regional
7
-
26
-
social contributions
262
-
575
-
total
408
-
1 178
-
Employer
778
-
2 150
-
total
-
-
-
-
Corporate
1 372
2 150
-
-
municipal
53
84
-
-
nationa
329
516
-
-
total
382
600
-
-
Dividends
989
1 550
-
-
withholding
257
403
-
-
total
257
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 047
1 003
1 178
1 103
After tax
1 103
1 147
972
1 047
Living cost
370
370
370
370
Free-cash
733
777
602
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
£1159
£763
£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
income
-
-
-
701
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 141
Employee
290
-
1 904
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
110
-
income
49
-
649
-
health
7
-
30
-
total
96
-
948
-
Employer
290
-
1 904
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 799
2 150
-
-
income
468
559
-
-
total
468
559
-
-
Dividends
1 332
1 591
-
-
withholding
200
239
-
-
total
200
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
825
798
1 194
1 141
After tax
1 325
1 352
956
1 009
Living cost
193
193
193
193
Free-cash
1 132
1 159
763
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
£943
£789
£981
£999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£290
£932
£1003
£586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
other

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

-
-
-
43
regional
-
-
-
124
health
-
-
-
5
city
-
-
-
23
national
-
-
-
61
pensions
-
-
-
198
total
-
-
-
454
Employee
810
-
1 938
-
unemployment
-
-
-
-
pensions
68
-
148
-
national
4
-
50
-
regional
27
-
111
-
city
9
-
21
-
health
2
-
4
-
total
110
-
334
-
Employer
810
-
1 938
-
health
2
-
4
-
pensions
68
-
148
-
unemployment
-
-
-
-
other

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

16
-
39
-
total
86
-
191
-
Corporate
1 245
2 150
-
-
regional
263
455
-
-
national
106
183
-
-
total
369
638
-
-
Dividends
876
1 513
-
-
withholding
306
529
-
-
total
306
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
871
1 167
525
454
After tax
1 279
983
1 625
1 696
Living cost
693
693
693
693
Free-cash
586
290
932
1 003

Estimated living cost  is £693 per week

£450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£659
£917
£618
£802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
income

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

-
-
-
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
health

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

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

-
-
-
60
trade
-
-
-
299
total
-
-
-
1 131
Employee

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

526
-
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
1 624
2 150
-
-
income
244
323
-
-
surtax

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

13
18
-
-
chamber of commerce
4
4
-
-
trade
278
369
-
-
total
539
714
-
-
Dividends
1 085
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
947
1 090
832
1 131
After tax
1 203
1 060
1 318
1 019
Living cost
401
401
401
401
Free-cash
802
659
917
618

Estimated living cost  is £401 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£784
£787
£861
£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
income
-
-
-
426
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
325
total
-
-
-
989
Employee
375
-
1 632
-
pensions
42
-
127
-
surtax
-
-
-
-
social contributions
11
-
46
-
income
22
-
372
-
total
75
-
545
-
Employer
375
-
1 632
-
health
26
-
167
-
pensions
62
-
211
-
unemployment
15
-
66
-
social contributions
1
-
5
-
other
13
-
69
-
total
117
-
518
-
Corporate
1 658
2 150
-
-
income
464
602
-
-
surtax
-
-
-
-
total
464
602
-
-
Dividends
1 194
1 548
-
-
surtax
-
-
-
-
social contributions
205
266
-
-
withholding
153
198
-
-
total
358
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 014
1 066
1 063
989
After tax
1 136
1 084
1 087
1 161
Living cost
300
300
300
300
Free-cash
836
784
787
861

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
£814
£817
£891
£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
income
-
-
-
426
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
325
total
-
-
-
989
Employee
335
-
1 632
-
pensions
38
-
127
-
surtax
-
-
-
-
social contributions
10
-
46
-
income
17
-
372
-
total
65
-
545
-
Employer
335
-
1 632
-
health
23
-
167
-
pensions
55
-
211
-
unemployment
14
-
66
-
social contributions
1
-
5
-
other
12
-
69
-
total
105
-
518
-
Corporate
1 711
2 150
-
-
income
479
602
-
-
surtax
-
-
-
-
total
479
602
-
-
Dividends
1 232
1 548
-
-
surtax
-
-
-
-
social contributions
212
266
-
-
withholding
158
198
-
-
total
370
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 019
1 066
1 063
989
After tax
1 131
1 084
1 087
1 161
Living cost
270
270
270
270
Free-cash
861
814
817
891

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
£1126
£1132
£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
income
-
-
-
323
social contributions
-
-
-
297
health
-
-
-
150
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
£875
£249
£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
income
-
-
-
720
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
1 052
Employee
438
349
1 797
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
612
-
health
17
14
40
-
total
129
89
798
-
Employer
438
349
1 797
-
chamber of commerce
2
1
7
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
54
-
other
21
17
79
-
total
129
102
353
-
Corporate
1 585
1 699
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
1 189
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
£851
£404
£617
£751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
communal

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

-
-
-
116
social contributions
-
-
-
218
national
-
-
-
880
total
-
-
-
1 214
Employee

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

626
-
1 665
-
unemployment

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

5
-
14
-
communal

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

33
-
87
-
pensions

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

47
-
125
-
national
193
-
638
-
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
-
total
307
-
942
-
Employer

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

626
-
1 665
-
health

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

39
-
102
-
pensions

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

56
-
148
-
accident

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

8
-
22
-
unemployment

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

9
-
24
-
surtax
71
-
189
-
total
183
-
485
-
Corporate
1 341
2 150
-
-
income
268
474
-
-
surtax
5
9
-
-
total
273
483
-
-
Dividends
1 068
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
1 214
After tax
1 070
1 170
723
936
Living cost
319
319
319
319
Free-cash
751
851
404
617

Estimated living cost  is £319 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1109
£846
£883
£1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
7
income
-
-
-
707
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
951
Employee
436
-
1 891
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
92
-
677
-
total
119
-
729
-
Employer
436
-
1 891
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
6
-
total
139
-
259
-
Corporate
1 575
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
1 339
1 827
-
-
withholding
289
402
-
-
total
289
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
783
725
988
951
After tax
1 367
1 425
1 162
1 199
Living cost
316
316
316
316
Free-cash
1 051
1 109
846
883

Estimated living cost  is £316 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£725
£604
£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
communal
-
-
-
136
accident
-
-
-
18
income
-
-
-
427
surtax
-
-
-
108
health
-
-
-
146
pensions
-
-
-
312
total
-
-
-
1 147
Employee
663
-
1 920
-
pensions
53
-
154
-
surtax
41
-
118
-
income
64
-
483
-
health
30
-
85
-
total
188
-
840
-
Employer
663
-
1 920
-
health
20
-
59
-
pensions
53
-
154
-
accident
6
-
17
-
total
79
-
230
-
Corporate
1 408
2 150
-
-
communal
95
145
-
-
income
211
323
-
-
surtax
15
23
-
-
total
321
491
-
-
Dividends
1 087
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
£1155
£759
£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
income
-
-
-
701
other
-
-
-
-
surtax
-
-
-
121
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 141
Employee
295
-
1 904
-
other
-
-
-
-
unemployment
21
-
81
-
pensions
20
-
78
-
surtax
1
-
110
-
income
49
-
649
-
health
8
-
30
-
total
99
-
948
-
Employer
295
-
1 904
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
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
1 194
1 141
After tax
1 325
1 352
956
1 009
Living cost
197
197
197
197
Free-cash
1 128
1 155
759
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
£894
£730
£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
-
-
-
438
regional
-
-
-
35
municipal
-
-
-
14
national
-
-
-
623
total
-
-
-
1 110
Employee
486
-
2 150
-
municipal
3
-
13
-
national
77
-
564
-
regional
7
-
32
-
social contributions
164
-
575
-
total
251
-
1 184
-
Employer
486
-
2 150
-
total
-
-
-
-
Corporate
1 664
2 150
-
-
municipal
83
107
-
-
nationa
399
516
-
-
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
1 184
1 110
After tax
1 110
1 130
966
1 040
Living cost
236
236
236
236
Free-cash
874
894
730
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
£1217
£923
£1019
£1123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
233
social contributions
-
-
-
309
solidarity contribution
-
-
-
35
health
-
-
-
290
total
-
-
-
867
Employee
389
-
1 730
-
solidarity contribution
-
-
26
-
social contributions
25
-
69
-
income
47
-
214
-
health
52
-
234
-
total
124
-
543
-
Employer
389
-
1 730
-
health
35
-
156
-
social contributions
97
-
264
-
total
132
-
420
-
Corporate
1 629
2 150
-
-
income
309
408
-
-
total
309
408
-
-
Dividends
1 319
1 742
-
-
withholding
198
261
-
-
total
198
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
763
669
963
867
After tax
1 387
1 481
1 187
1 283
Living cost
264
264
264
264
Free-cash
1 123
1 217
923
1 019

Estimated living cost  is £264 per week

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

Source of data for Prague model

Close
Graz , Austria
£906
£281
£821
£903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
720
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
1 050
Employee
383
349
1 799
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
612
-
health
15
14
40
-
total
103
89
798
-
Employer
383
349
1 799
-
chamber of commerce
2
1
7
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
54
-
other
18
17
79
-
total
109
100
351
-
Corporate
1 657
1 701
1 766
-
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
1 243
1 275
-
-
withholding
342
351
-
-
total
342
351
-
-
Income
2 150
2 150
2 150
2 150
Total tax
968
965
1 590
1 050
After tax
1 182
1 185
560
1 100
Living cost
279
279
279
279
Free-cash
903
906
281
821

Estimated living cost  is £279 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1933
£1610
£2018
£1912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
137
-
2 150
-
income
27
-
430
-
total
27
-
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%.

2 013
2 150
-
-
total
-
-
-
-
Dividends
2 013
2 150
-
-
withholding
101
107
-
-
total
101
107
-
-
Income
2 150
2 150
2 150
2 150
Total tax
128
107
430
22
After tax
2 022
2 043
1 720
2 128
Living cost
110
110
110
110
Free-cash
1 912
1 933
1 610
2 018

Estimated living cost  is £110 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1245
£697
£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
income
-
-
-
563
unemployment
-
-
-
3
health
-
-
-
212
pensions
-
-
-
393
total
-
-
-
1 171
Employee

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

387
-
1 860
-
unemployment
1
-
3
-
pensions
60
-
288
-
income
67
-
517
-
health
25
-
120
-
total
153
-
928
-
Employer

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

387
-
1 860
-
health
26
-
124
-
pensions
34
-
165
-
unemployment
-
-
1
-
total
60
-
290
-
Corporate
1 703
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
1 218
1 171
After tax
1 407
1 480
932
979
Living cost
235
235
235
235
Free-cash
1 172
1 245
697
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
£934
£1662
£1112
£522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
419
social contributions
-
-
-
245
total
-
-
-
664
Employee
537
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
537
-
-
-
social contributions
757
-
108
-
total
757
-
108
-
Corporate
857
2 150
-
-
income
188
473
-
-
total
188
473
-
-
Dividends
668
1 677
-
-
income
147
369
-
-
total
147
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 254
842
114
664
After tax
896
1 308
2 036
1 486
Living cost
374
374
374
374
Free-cash
522
934
1 662
1 112

Estimated living cost  is £374 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£947
£663
£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
income
-
-
-
290
surtax
-
-
-
-
social contributions

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

-
-
-
747
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
1 652
2 150
-
-
income
347
452
-
-
surtax
-
-
-
-
total
347
452
-
-
Dividends
1 305
1 698
-
-
withholding
365
476
-
-
total
365
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
936
928
1 212
1 037
After tax
1 214
1 222
938
1 113
Living cost
275
275
275
275
Free-cash
939
947
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
£661
£664
£738
£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
income
-
-
-
426
other
-
-
-
67
surtax
-
-
-
-
social contributions
-
-
-
61
health
-
-
-
110
pensions
-
-
-
325
total
-
-
-
989
Employee
548
-
1 632
-
pensions
62
-
127
-
surtax
-
-
-
-
social contributions
16
-
46
-
income
48
-
372
-
total
126
-
545
-
Employer
548
-
1 632
-
health
38
-
167
-
pensions
90
-
211
-
unemployment
22
-
66
-
social contributions
2
-
5
-
other
19
-
69
-
total
171
-
518
-
Corporate
1 430
2 150
-
-
income
400
602
-
-
surtax
-
-
-
-
total
400
602
-
-
Dividends
1 030
1 548
-
-
surtax
-
-
-
-
social contributions
177
266
-
-
withholding
132
198
-
-
total
309
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 006
1 066
1 063
989
After tax
1 144
1 084
1 087
1 161
Living cost
423
423
423
423
Free-cash
721
661
664
738

Estimated living cost  is £423 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£1672
£1356
£1299
£1643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
115
social contributions
-
-
-
473
total
-
-
-
588
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
1 825
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
588
After tax
1 906
1 935
1 619
1 562
Living cost
263
263
263
263
Free-cash
1 643
1 672
1 356
1 299

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£242
£242
£811
£128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
labour market
-
-
-
171
municipal
-
-
-
466
national
-
-
-
272
pensions
-
-
-
8
total
-
-
-
917
Employee
1 780
1 780
1 780
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
741
741
741
-
Employer
1 780
1 780
1 780
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
242
-
-
-
income
53
-
-
-
total
53
-
-
-
Dividends
189
-
-
-
withholding
61
-
-
-
total
61
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 600
1 486
1 486
917
After tax
550
664
664
1 233
Living cost
422
422
422
422
Free-cash
128
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
-£18
£997
£1276
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
2
income
-
-
-
621
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
682
Employee
302
-
1 971
-
pensions
34
-
67
-
income
41
-
490
-
health
35
-
226
-
total
110
-
783
-
Employer
302
-
1 971
-
pensions
49
-
97
-
accident
5
-
33
-
unemployment
7
-
48
-
total
61
-
178
-
Corporate
1 787
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.

1 608
1 935
-
-
total
1 608
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
192
192
192
192
Free-cash
145
-18
997
1 276

Estimated living cost  is £192 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£971
£716
£963
£1002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
health
-
-
-
29
municipal
-
-
-
382
national
-
-
-
440
total
-
-
-
851
Employee
461
-
1 809
-
municipal
75
-
294
-
unemployment
7
-
27
-
pensions
31
-
122
-
national
8
-
289
-
health
3
-
24
-
total
124
-
756
-
Employer
461
-
1 809
-
health
4
-
14
-
pensions
80
-
314
-
accident
-
-
2
-
unemployment
3
-
12
-
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
-
-
municipal
173
232
-
-
national
108
181
-
-
total
281
413
-
-
Income
2 150
2 150
2 150
2 150
Total tax
812
843
1 098
851
After tax
1 338
1 307
1 052
1 299
Living cost
336
336
336
336
Free-cash
1 002
971
716
963

Estimated living cost  is £336 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1365
£1219
£1236
£1316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
514
social contributions
-
-
-
142
health
-
-
-
55
total
-
-
-
711
Employee
673
673
2 037
-
social contributions
25
56
75
-
income
73
62
505
-
health
5
11
35
-
total
103
129
615
-
Employer
673
673
2 037
-
health
6
12
38
-
social contributions
25
56
75
-
total
31
68
113
-
Corporate
1 812
1 408
-
-
income
227
176
-
-
total
227
176
-
-
Dividends
1 586
1 232
-
-
withholding
270
209
-
-
total
270
209
-
-
Income
2 150
2 150
2 150
2 150
Total tax
631
582
728
711
After tax
1 519
1 568
1 422
1 439
Living cost
203
203
203
203
Free-cash
1 316
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
£1641
£1523
£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
income
-
-
-
224
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
312
Employee

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

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

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

201
-
2 064
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
1 928
2 150
-
-
income
174
194
-
-
total
174
194
-
-
Dividends
1 755
1 956
-
-
withholding
158
176
-
-
total
158
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
415
370
488
312
After tax
1 735
1 780
1 662
1 838
Living cost
139
139
139
139
Free-cash
1 596
1 641
1 523
1 699

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1184
£921
£958
£1148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
accident
-
-
-
7
income
-
-
-
707
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
951
Employee
324
-
1 891
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
677
-
total
82
-
729
-
Employer
324
-
1 891
-
pensions
76
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
6
-
total
103
-
259
-
Corporate
1 723
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
1 465
1 827
-
-
withholding
318
402
-
-
total
318
402
-
-
Income
2 150
2 150
2 150
2 150
Total tax
761
725
988
951
After tax
1 389
1 425
1 162
1 199
Living cost
241
241
241
241
Free-cash
1 148
1 184
921
958

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
£1324
£1368
£1369
£1321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
741
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
763
Employee
27
-
2 135
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
740
-
health
1
-
3
-
total
8
-
750
-
Employer
27
-
2 135
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
2 117
2 150
-
-
income
466
473
-
-
total
466
473
-
-
Dividends
1 651
1 677
-
-
withholding
330
335
-
-
total
330
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
811
808
764
763
After tax
1 339
1 342
1 386
1 387
Living cost
18
18
18
18
Free-cash
1 321
1 324
1 368
1 369

Estimated living cost  is £18 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1402
£1253
£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
income
-
-
-
501
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
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
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
31
-
501
-
health
12
-
33
-
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
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
1 881
2 150
-
-
income
282
323
-
-
total
282
323
-
-
Dividends
1 599
1 827
-
-
withholding
240
274
-
-
total
240
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
640
597
746
746
After tax
1 510
1 553
1 404
1 404
Living cost
151
151
151
151
Free-cash
1 359
1 402
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
£986
£702
£877
£984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
747
total
-
-
-
1 037
Employee
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
-
-
income
363
452
-
-
surtax
-
-
-
-
total
363
452
-
-
Dividends
1 366
1 698
-
-
withholding
383
476
-
-
total
383
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
930
928
1 212
1 037
After tax
1 220
1 222
938
1 113
Living cost
236
236
236
236
Free-cash
984
986
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
£1117
£854
£891
£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
accident
-
-
-
7
income
-
-
-
707
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
951
Employee
423
-
1 891
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
677
-
total
115
-
729
-
Employer
423
-
1 891
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
6
-
total
134
-
259
-
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
951
After tax
1 369
1 425
1 162
1 199
Living cost
308
308
308
308
Free-cash
1 061
1 117
854
891

Estimated living cost  is £308 per week

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

Source of data for Madrid model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
total
-
-
-
404
Employee
199
-
2 090
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
209
-
health
9
-
14
-
total
49
-
253
-
Employer
199
-
2 090
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
1 911
2 150
-
-
income
191
215
-
-
total
191
215
-
-
Dividends
1 720
1 935
-
-
withholding
86
97
-
-
total
86
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
365
312
313
404
After tax
1 785
1 838
1 837
1 746
Living cost
151
151
151
151
Free-cash
1 634
1 687
1 686
1 595

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£767
£980
£730
£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
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
health

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

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

-
-
-
60
trade
-
-
-
250
total
-
-
-
1 082
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
-
-
income
257
323
-
-
surtax

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

14
18
-
-
chamber of commerce
4
4
-
-
trade
246
309
-
-
total
521
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
£1006
£563
£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
685
-
2 150
-
income
129
-
715
-
social contributions
57
-
373
-
total
186
-
1 088
-
Employer
685
-
2 150
-
total
-
-
-
-
Corporate
1 465
2 150
-
-
income
183
269
-
-
total
183
269
-
-
Dividends
1 282
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

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1034
£1174
£1456
£1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 150
income
-
-
-
323
health

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

-
-
-
53
total
-
-
-
376
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
752
-
-
total
598
752
-
-
Dividends
1 110
1 398
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 150
2 150
2 150
2 150
Total tax
768
798
658
376
After tax
1 382
1 352
1 492
1 774
Living cost
318
318
318
318
Free-cash
1 064
1 034
1 174
1 456

Estimated living cost  is £318 per week

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

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£37
£978
£1257
£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
accident
-
-
-
2
income
-
-
-
621
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
682
Employee
331
-
1 971
-
pensions
37
-
67
-
income
45
-
490
-
health
38
-
226
-
total
120
-
783
-
Employer
331
-
1 971
-
pensions
54
-
97
-
accident
6
-
33
-
unemployment
8
-
48
-
total
68
-
178
-
Corporate
1 751
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.

1 576
1 935
-
-
total
1 576
1 935
-
-
Dividends
175
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 797
1 976
961
682
After tax
353
174
1 189
1 468
Living cost
211
211
211
211
Free-cash
142
-37
978
1 257

Estimated living cost  is £211 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1527
£1475
£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
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
258
total
-
-
-
750
Employee

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

189
-
2 150
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
364
-
total
71
-
557
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 961
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
557
750
After tax
1 618
1 645
1 593
1 400
Living cost
118
118
118
118
Free-cash
1 500
1 527
1 475
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
£783
£598
£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
-
-
-
438
regional
-
-
-
54
municipal
-
-
-
15
national
-
-
-
623
total
-
-
-
1 130
Employee
738
-
2 150
-
municipal
4
-
14
-
national
125
-
564
-
regional
11
-
50
-
social contributions
249
-
575
-
total
389
-
1 203
-
Employer
738
-
2 150
-
total
-
-
-
-
Corporate
1 412
2 150
-
-
municipal
68
104
-
-
nationa
339
516
-
-
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
1 203
1 130
After tax
1 093
1 132
947
1 020
Living cost
349
349
349
349
Free-cash
744
783
598
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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