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
£ 2200
per

Your estimated
City
free-cash

Dresden , Germany
£844
£940
£799
£1081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
trade
-
-
-
282
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.

-
-
-
753
health

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

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

-
-
-
60
surtax

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

-
-
-
41
total
-
-
-
1 136
Employee

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

334
-
2 200
-
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
-
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
-
41
-
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
-
753
-
total
70
-
854
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 866
2 200
-
-
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
-
-
income
280
330
-
-
trade
294
347
-
-
chamber of commerce
4
4
-
-
total
593
699
-
-
Dividends
1 273
1 501
-
-
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
315
372
-
-
total
332
392
-
-
Income
2 200
2 200
2 200
2 200
Total tax
995
1 091
854
1 136
After tax
1 205
1 109
1 346
1 064
Living cost
265
265
265
265
Free-cash
940
844
1 081
799

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£932
£925
£794
£807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
246
pensions
-
-
-
264
national
-
-
-
431
social contributions
-
-
-
24
total
-
-
-
965
Employee
684
-
1 902
-
municipal
84
-
254
-
pensions
27
-
76
-
national
131
-
450
-
total
242
-
780
-
Employer
684
-
1 902
-
social contributions
7
-
20
-
pensions
55
-
152
-
total
62
-
172
-
Corporate
1 409
2 200
-
-
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%.

282
440
-
-
total
282
440
-
-
Dividends
1 127
1 760
-
-
withholding
248
387
-
-
total
248
387
-
-
Income
2 200
2 200
2 200
2 200
Total tax
834
827
952
965
After tax
1 366
1 373
1 248
1 235
Living cost
441
441
441
441
Free-cash
925
932
807
794

Estimated living cost  is £441 per week

£300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1578
£1506
£634
£786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 200
microenterprise
-
-
-
-
income
-
-
-
488
surtax
-
-
-
561
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.

-
-
-
335
total
-
-
-
1 384
Employee
255
-
1 756
-
social contributions

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

28
-
115
-
surtax
-
-
255
-
income
45
-
418
-
total
73
-
788
-
Employer
255
-
1 756
-
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
-
-
193
-
total
62
-
444
-
Corporate
1 883
2 200
-
-
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%.

377
440
-
-
total
377
440
-
-
Dividends

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

1 506
1 760
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
512
440
1 232
1 384
After tax
1 688
1 760
968
816
Living cost
182
182
182
182
Free-cash
1 506
1 578
786
634

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
£733
£680
£803
£1041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
821
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
1 031
Employee
747
747
2 038
-
health
115
97
108
-
income

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

122
122
421
-
pensions
134
102
102
-
total
371
321
631
-
Employer
747
747
2 038
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
64
-
total
131
131
162
-
Corporate
1 332
1 323
-
-
income
266
265
-
-
total
266
265
-
-
Dividends
1 065
1 058
-
-
income
226
225
-
-
withholding
160
159
-
-
total
386
384
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 154
1 101
793
1 031
After tax
1 046
1 099
1 407
1 169
Living cost
366
366
366
366
Free-cash
680
733
1 041
803

Estimated living cost  is £366 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
£862
£855
£748
£740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
592
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
307
total
-
-
-
1 113
Employee
483
-
1 966
-
municipal
144
-
586
-
national
-
-
302
-
total
144
-
888
-
Employer
483
-
1 966
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
20
-
pensions
52
-
80
-
health
30
-
46
-
total
152
-
233
-
Corporate
1 565
2 200
-
-
income
344
484
-
-
total
344
484
-
-
Dividends
1 221
1 716
-
-
withholding
366
515
-
-
total
366
515
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 006
999
1 121
1 113
After tax
1 194
1 201
1 079
1 087
Living cost
339
339
339
339
Free-cash
855
862
740
748

Estimated living cost  is £339 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£755
£878
£708
£1003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
trade
-
-
-
295
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.

-
-
-
753
health

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

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

-
-
-
60
surtax

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

-
-
-
41
total
-
-
-
1 149
Employee

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

443
-
2 200
-
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
-
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
-
41
-
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
-
753
-
total
100
-
854
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 757
2 200
-
-
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
-
-
income
263
330
-
-
trade
289
362
-
-
chamber of commerce
4
4
-
-
total
570
714
-
-
Dividends
1 186
1 485
-
-
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
293
368
-
-
total
309
388
-
-
Income
2 200
2 200
2 200
2 200
Total tax
979
1 102
854
1 149
After tax
1 221
1 098
1 346
1 051
Living cost
343
343
343
343
Free-cash
878
755
1 003
708

Estimated living cost  is £343 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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1320
£1281
£1187
£1170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
532
health
-
-
-
56
social contributions
-
-
-
141
total
-
-
-
729
Employee
672
672
2 086
-
social contributions
33
56
75
-
health
7
11
35
-
income
71
62
522
-
total
111
129
632
-
Employer
672
672
2 086
-
social contributions
33
56
75
-
health
7
12
39
-
total
40
68
114
-
Corporate
1 767
1 459
-
-
income
221
182
-
-
total
221
182
-
-
Dividends
1 546
1 277
-
-
withholding
263
217
-
-
total
263
217
-
-
Income
2 200
2 200
2 200
2 200
Total tax
635
596
746
729
After tax
1 565
1 604
1 454
1 471
Living cost
284
284
284
284
Free-cash
1 281
1 320
1 170
1 187

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
£1076
£1079
£1365
£1116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
269
pensions
-
-
-
220
unemployment
-
-
-
33
health
-
-
-
154
total
-
-
-
676
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.

229
91
1 841
-
health
16
6
129
-
income
28
11
225
-
pensions
23
9
184
-
unemployment
3
1
28
-
total
70
27
566
-
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.

229
91
1 841
-
pensions
45
18
359
-
total
45
18
359
-
Corporate
1 926
2 091
-
-
income
173
188
-
-
total
173
188
-
-
Dividends
1 753
1 903
-
-
social contributions
341
370
-
-
withholding
333
362
-
-
total
674
732
-
-
Income
2 200
2 200
2 200
2 200
Total tax
962
965
925
676
After tax
1 238
1 235
1 275
1 524
Living cost
159
159
159
159
Free-cash
1 079
1 076
1 116
1 365

Estimated living cost  is £159 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£1549
£1494
£968
£1057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
295
pensions
-
-
-
440
health
-
-
-
286
total
-
-
-
1 021
Employee
248
-
1 644
-
income
28
-
317
-
pensions
5
-
33
-
unemployment
4
-
26
-
total
37
-
376
-
Employer
248
-
1 644
-
unemployment
2
-
13
-
pensions
50
-
329
-
health
32
-
214
-
total
84
-
556
-
Corporate
1 868
2 200
-
-
income
374
440
-
-
total
374
440
-
-
Dividends
1 495
1 760
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
495
440
932
1 021
After tax
1 705
1 760
1 268
1 179
Living cost
211
211
211
211
Free-cash
1 494
1 549
1 057
968

Estimated living cost  is £211 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
-£14
£149
£1310
£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
-
-
-
2 200
accident
-
-
-
2
income
-
-
-
638
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
698
Employee
302
-
2 021
-
health
35
-
231
-
income
41
-
504
-
pensions
34
-
67
-
total
110
-
802
-
Employer
302
-
2 021
-
accident
5
-
34
-
unemployment
7
-
50
-
pensions
49
-
96
-
total
61
-
180
-
Corporate
1 837
2 200
-
-
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.

1 653
1 980
-
-
total
1 653
1 980
-
-
Dividends
184
220
-
-
withholding
35
42
-
-
total
35
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 859
2 022
982
698
After tax
341
178
1 218
1 502
Living cost
192
192
192
192
Free-cash
149
-14
1 026
1 310

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£2011
£1996
£2099
£1681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
2 200
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
99
-
2 200
-
income
20
-
440
-
total
20
-
440
-
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%.

2 101
2 200
-
-
total
-
-
-
-
Dividends
2 101
2 200
-
-
withholding
105
110
-
-
total
105
110
-
-
Income
2 200
2 200
2 200
2 200
Total tax
125
110
440
22
After tax
2 075
2 090
1 760
2 178
Living cost
79
79
79
79
Free-cash
1 996
2 011
1 681
2 099

Estimated living cost  is £79 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1383
£1324
£1123
£1106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
403
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.

-
-
-
319
other
-
-
-
63
health
-
-
-
59
total
-
-
-
844
Employee
317
-
1 861
-
health
4
-
19
-
income
55
-
397
-
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
-
unemployment
3
-
13
-
total
84
-
522
-
Employer
317
-
1 861
-
accident
3
-
15
-
other
16
-
66
-
unemployment
3
-
13
-
pensions

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

54
-
226
-
health
4
-
19
-
total
80
-
339
-
Corporate
1 803
2 200
-
-
income
379
462
-
-
total
379
462
-
-
Dividends
1 424
1 738
-
-
withholding
100
122
-
-
total
100
122
-
-
Income
2 200
2 200
2 200
2 200
Total tax
643
584
861
844
After tax
1 557
1 616
1 339
1 356
Living cost
233
233
233
233
Free-cash
1 324
1 383
1 106
1 123

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
£785
£853
£825
£630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
699
pensions
-
-
-
92
total
-
-
-
791
Employee
826
-
1 916
-
health
14
-
25
-
income
149
-
569
-
pensions
80
-
108
-
total
243
-
702
-
Employer
826
-
1 916
-
pensions
98
-
248
-
health
16
-
36
-
total
114
-
284
-
Corporate
1 260
2 200
-
-
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.

240
418
-
-
total
240
418
-
-
Dividends
1 021
1 782
-
-
withholding
166
413
-
-
total
166
413
-
-
Income
2 200
2 200
2 200
2 200
Total tax
763
831
986
791
After tax
1 437
1 369
1 214
1 409
Living cost
584
584
584
584
Free-cash
853
785
630
825

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
£1766
£1725
£1674
£1767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
330
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
411
Employee
152
-
2 140
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
214
-
pensions

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

13
-
27
-
total
37
-
258
-
Employer
152
-
2 140
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
2 018
2 200
-
-
income
202
220
-
-
total
202
220
-
-
Dividends
1 817
1 980
-
-
withholding
91
99
-
-
total
91
99
-
-
Income
2 200
2 200
2 200
2 200
Total tax
360
319
318
411
After tax
1 840
1 881
1 882
1 789
Living cost
115
115
115
115
Free-cash
1 725
1 766
1 767
1 674

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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£614
£638
£684
£922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
821
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
1 031
Employee
811
747
2 038
-
health
101
97
108
-
income

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

122
122
421
-
pensions
102
102
102
-
total
325
321
631
-
Employer
811
747
2 038
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
64
-
total
141
131
162
-
Corporate
1 247
1 323
-
-
income
249
265
-
-
total
249
265
-
-
Dividends
998
1 058
-
-
income
212
225
-
-
withholding
150
159
-
-
total
362
384
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 077
1 101
793
1 031
After tax
1 123
1 099
1 407
1 169
Living cost
485
485
485
485
Free-cash
638
614
922
684

Estimated living cost  is £485 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
£1306
£1230
£1113
£1013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
240
health
-
-
-
297
solidarity contribution
-
-
-
40
social contributions
-
-
-
301
total
-
-
-
878
Employee
307
-
1 782
-
social contributions
20
-
67
-
health
42
-
241
-
solidarity contribution
-
-
31
-
income
37
-
221
-
total
99
-
560
-
Employer
307
-
1 782
-
social contributions
77
-
258
-
health
28
-
160
-
total
105
-
418
-
Corporate
1 788
2 200
-
-
income
340
418
-
-
total
340
418
-
-
Dividends
1 448
1 782
-
-
withholding
217
267
-
-
total
217
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
761
685
978
878
After tax
1 439
1 515
1 222
1 322
Living cost
209
209
209
209
Free-cash
1 230
1 306
1 013
1 113

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£805
£759
£705
£631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
14
regional
-
-
-
29
national
-
-
-
645
social contributions
-
-
-
438
total
-
-
-
1 126
Employee
777
-
2 200
-
social contributions
262
-
574
-
regional
7
-
27
-
municipal
4
-
13
-
national
135
-
586
-
total
408
-
1 200
-
Employer
777
-
2 200
-
total
-
-
-
-
Corporate
1 423
2 200
-
-
nationa
342
528
-
-
municipal
55
86
-
-
total
397
614
-
-
Dividends
1 026
1 586
-
-
withholding
267
412
-
-
total
267
412
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 072
1 026
1 200
1 126
After tax
1 128
1 174
1 000
1 074
Living cost
369
369
369
369
Free-cash
759
805
631
705

Estimated living cost  is £369 per week

£257
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
£1191
£1165
£840
£785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
724
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
125
total
-
-
-
1 167
Employee
289
-
1 954
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
115
-
income
48
-
672
-
pensions
19
-
78
-
unemployment
20
-
81
-
total
95
-
976
-
Employer
289
-
1 954
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 850
2 200
-
-
income
481
572
-
-
total
481
572
-
-
Dividends
1 369
1 628
-
-
withholding
205
244
-
-
total
205
244
-
-
Income
2 200
2 200
2 200
2 200
Total tax
842
816
1 222
1 167
After tax
1 358
1 384
978
1 033
Living cost
193
193
193
193
Free-cash
1 165
1 191
785
840

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
£970
£1027
£1010
£815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
699
pensions
-
-
-
92
total
-
-
-
791
Employee
554
-
1 916
-
health
8
-
25
-
income
100
-
569
-
pensions
47
-
108
-
total
155
-
702
-
Employer
554
-
1 916
-
pensions
60
-
248
-
health
11
-
36
-
total
71
-
284
-
Corporate
1 576
2 200
-
-
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.

299
418
-
-
total
299
418
-
-
Dividends
1 276
1 782
-
-
withholding
249
413
-
-
total
249
413
-
-
Income
2 200
2 200
2 200
2 200
Total tax
774
831
986
791
After tax
1 426
1 369
1 214
1 409
Living cost
399
399
399
399
Free-cash
1 027
970
815
1 010

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
£341
£626
£1061
£995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
city
-
-
-
23
pensions
-
-
-
202
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.

-
-
-
44
regional
-
-
-
131
health
-
-
-
5
national
-
-
-
69
total
-
-
-
474
Employee
778
-
1 986
-
city
8
-
22
-
regional
25
-
117
-
health
2
-
4
-
pensions
65
-
148
-
unemployment
-
-
-
-
national
4
-
57
-
total
104
-
348
-
Employer
778
-
1 986
-
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
-
40
-
unemployment
-
-
-
-
pensions
65
-
148
-
health
2
-
4
-
total
83
-
192
-
Corporate
1 331
2 200
-
-
regional
281
465
-
-
national
113
187
-
-
total
394
652
-
-
Dividends
936
1 548
-
-
withholding
328
542
-
-
total
328
542
-
-
Income
2 200
2 200
2 200
2 200
Total tax
909
1 194
540
474
After tax
1 291
1 006
1 660
1 726
Living cost
665
665
665
665
Free-cash
626
341
995
1 061

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£686
£827
£637
£945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
trade
-
-
-
308
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.

-
-
-
753
health

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

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

-
-
-
60
surtax

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

-
-
-
41
total
-
-
-
1 162
Employee

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

525
-
2 200
-
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
-
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
-
41
-
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
-
753
-
total
125
-
854
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 675
2 200
-
-
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
-
-
income
251
330
-
-
trade
287
377
-
-
chamber of commerce
4
4
-
-
total
556
729
-
-
Dividends
1 119
1 470
-
-
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
276
364
-
-
total
291
384
-
-
Income
2 200
2 200
2 200
2 200
Total tax
972
1 113
854
1 162
After tax
1 228
1 087
1 346
1 038
Living cost
401
401
401
401
Free-cash
827
686
945
637

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
£810
£862
£885
£805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
442
pensions
-
-
-
329
other
-
-
-
68
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
1 016
Employee
374
-
1 668
-
social contributions
11
-
48
-
surtax
-
-
-
-
income
22
-
386
-
pensions
42
-
130
-
total
75
-
564
-
Employer
374
-
1 668
-
other
13
-
71
-
social contributions
1
-
5
-
unemployment
15
-
68
-
pensions
61
-
217
-
health
26
-
171
-
total
116
-
532
-
Corporate
1 709
2 200
-
-
surtax
-
-
-
-
income
479
616
-
-
total
479
616
-
-
Dividends
1 230
1 584
-
-
surtax
-
-
-
-
social contributions
212
272
-
-
withholding
157
203
-
-
total
369
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 039
1 091
1 096
1 016
After tax
1 161
1 109
1 104
1 184
Living cost
299
299
299
299
Free-cash
862
810
805
885

Estimated living cost  is £299 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
£840
£888
£915
£834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
442
pensions
-
-
-
329
other
-
-
-
68
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
1 016
Employee
334
-
1 668
-
social contributions
10
-
48
-
surtax
-
-
-
-
income
17
-
386
-
pensions
38
-
130
-
total
65
-
564
-
Employer
334
-
1 668
-
other
12
-
71
-
social contributions
1
-
5
-
unemployment
14
-
68
-
pensions
55
-
217
-
health
23
-
171
-
total
105
-
532
-
Corporate
1 762
2 200
-
-
surtax
-
-
-
-
income
493
616
-
-
total
493
616
-
-
Dividends
1 268
1 584
-
-
surtax
-
-
-
-
social contributions
218
272
-
-
withholding
162
203
-
-
total
380
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 043
1 091
1 096
1 016
After tax
1 157
1 109
1 104
1 184
Living cost
270
270
270
270
Free-cash
888
840
834
915

Estimated living cost  is £270 per week

£156
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
£1158
£1162
£1227
£1162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
330
health
-
-
-
154
social contributions
-
-
-
304
total
-
-
-
788
Employee
296
-
2 200
-
social contributions
41
-
304
-
health
21
-
154
-
income
49
-
395
-
total
111
-
853
-
Employer
296
-
2 200
-
total
-
-
-
-
Corporate
1 904
2 200
-
-
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%.

95
110
-
-
total
95
110
-
-
Dividends
1 808
2 090
-
-
health
126
146
-
-
social contributions
250
288
-
-
withholding
271
313
-
-
total
647
747
-
-
Income
2 200
2 200
2 200
2 200
Total tax
853
857
853
788
After tax
1 347
1 343
1 347
1 412
Living cost
185
185
185
185
Free-cash
1 162
1 158
1 162
1 227

Estimated living cost  is £185 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
£904
£888
£814
£261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
chamber of commerce
-
-
-
9
income
-
-
-
746
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 078
Employee
437
348
1 844
-
other
4
3
10
-
health
17
13
40
-
income
50
26
636
-
pensions
45
36
105
-
unemployment
13
10
31
-
total
129
88
822
-
Employer
437
348
1 844
-
accident
6
5
13
-
other
21
17
81
-
chamber of commerce
2
1
7
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
55
-
health
17
13
39
-
total
129
102
356
-
Corporate
1 636
1 750
1 811
-
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.

409
437
453
-
total
409
437
453
-
Dividends
1 227
1 312
-
-
withholding
337
361
-
-
total
337
361
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 004
988
1 631
1 078
After tax
1 196
1 212
569
1 122
Living cost
308
308
308
308
Free-cash
888
904
261
814

Estimated living cost  is £308 per week

£205
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
£875
£780
£639
£418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
national
-
-
-
905
communal

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

-
-
-
119
social contributions
-
-
-
218
total
-
-
-
1 242
Employee

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

625
-
1 704
-
communal

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

33
-
89
-
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
-
80
-
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
-
128
-
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
-
15
-
national
192
-
655
-
total
306
-
967
-
Employer

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

625
-
1 704
-
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
-
25
-
surtax
71
-
193
-
pensions

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

55
-
151
-
health

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

38
-
105
-
total
181
-
496
-
Corporate
1 393
2 200
-
-
surtax
6
10
-
-
income
279
489
-
-
total
285
499
-
-
Dividends
1 108
1 702
-
-
withholding

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

329
507
-
-
total
329
507
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 101
1 006
1 463
1 242
After tax
1 099
1 194
737
958
Living cost
319
319
319
319
Free-cash
780
875
418
639

Estimated living cost  is £319 per week

£205
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
£1142
£1083
£911
£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
-
-
-
2 200
accident
-
-
-
7
income
-
-
-
730
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
973
Employee
435
-
1 942
-
other
-
-
1
-
income
92
-
700
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
119
-
752
-
Employer
435
-
1 942
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
45
-
pensions
103
-
191
-
total
139
-
258
-
Corporate
1 626
2 200
-
-
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.

244
330
-
-
total
244
330
-
-
Dividends
1 382
1 870
-
-
withholding
299
412
-
-
total
299
412
-
-
Income
2 200
2 200
2 200
2 200
Total tax
801
742
1 010
973
After tax
1 399
1 458
1 190
1 227
Living cost
316
316
316
316
Free-cash
1 083
1 142
874
911

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
£751
£631
£554
£627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
17
income
-
-
-
447
pensions
-
-
-
311
health
-
-
-
146
surtax
-
-
-
111
communal
-
-
-
139
total
-
-
-
1 171
Employee
662
-
1 965
-
health
29
-
87
-
surtax
41
-
120
-
income
64
-
499
-
pensions
53
-
157
-
total
187
-
863
-
Employer
662
-
1 965
-
accident
6
-
18
-
pensions
53
-
157
-
health
20
-
60
-
total
79
-
235
-
Corporate
1 459
2 200
-
-
surtax
15
23
-
-
communal
98
148
-
-
income
219
330
-
-
total
332
501
-
-
Dividends
1 126
1 698
-
-
income
327
218
-
-
withholding
169
255
-
-
total
496
473
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 094
974
1 098
1 171
After tax
1 106
1 226
1 102
1 029
Living cost
475
475
475
475
Free-cash
631
751
627
554

Estimated living cost  is £475 per week

£356
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
£1188
£1161
£837
£782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
724
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
125
total
-
-
-
1 167
Employee
294
-
1 954
-
other
-
-
-
-
health
8
-
30
-
surtax
1
-
115
-
income
49
-
672
-
pensions
20
-
78
-
unemployment
20
-
81
-
total
98
-
976
-
Employer
294
-
1 954
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 844
2 200
-
-
income
479
572
-
-
total
479
572
-
-
Dividends
1 364
1 628
-
-
withholding
205
244
-
-
total
205
244
-
-
Income
2 200
2 200
2 200
2 200
Total tax
843
816
1 222
1 167
After tax
1 357
1 384
978
1 033
Living cost
196
196
196
196
Free-cash
1 161
1 188
782
837

Estimated living cost  is £196 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
£921
£899
£831
£758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
14
regional
-
-
-
36
national
-
-
-
645
social contributions
-
-
-
438
total
-
-
-
1 133
Employee
485
-
2 200
-
social contributions
164
-
574
-
regional
7
-
33
-
municipal
3
-
13
-
national
77
-
586
-
total
251
-
1 206
-
Employer
485
-
2 200
-
total
-
-
-
-
Corporate
1 715
2 200
-
-
nationa
412
528
-
-
municipal
85
109
-
-
total
497
637
-
-
Dividends
1 218
1 563
-
-
withholding
317
406
-
-
total
317
406
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 065
1 043
1 206
1 133
After tax
1 135
1 157
994
1 067
Living cost
236
236
236
236
Free-cash
899
921
758
831

Estimated living cost  is £236 per week

£146
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
£1257
£1164
£1064
£964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
240
health
-
-
-
297
solidarity contribution
-
-
-
40
social contributions
-
-
-
301
total
-
-
-
878
Employee
379
-
1 782
-
social contributions
25
-
67
-
health
51
-
241
-
solidarity contribution
-
-
31
-
income
45
-
221
-
total
121
-
560
-
Employer
379
-
1 782
-
social contributions
95
-
258
-
health
34
-
160
-
total
129
-
418
-
Corporate
1 692
2 200
-
-
income
322
418
-
-
total
322
418
-
-
Dividends
1 371
1 782
-
-
withholding
206
267
-
-
total
206
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
778
685
978
878
After tax
1 422
1 515
1 222
1 322
Living cost
258
258
258
258
Free-cash
1 164
1 257
964
1 064

Estimated living cost  is £258 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£934
£930
£845
£292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
chamber of commerce
-
-
-
9
income
-
-
-
746
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 076
Employee
382
348
1 846
-
other
4
3
10
-
health
15
13
40
-
income
34
26
636
-
pensions
39
36
105
-
unemployment
11
10
31
-
total
103
88
822
-
Employer
382
348
1 846
-
accident
5
5
13
-
other
18
17
81
-
chamber of commerce
2
1
7
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
55
-
health
14
13
39
-
total
109
100
354
-
Corporate
1 708
1 751
1 813
-
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.

427
438
453
-
total
427
438
453
-
Dividends
1 281
1 313
-
-
withholding
352
361
-
-
total
352
361
-
-
Income
2 200
2 200
2 200
2 200
Total tax
991
987
1 629
1 076
After tax
1 209
1 213
571
1 124
Living cost
279
279
279
279
Free-cash
930
934
292
845

Estimated living cost  is £279 per week

£167
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.
£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
£1967
£1944
£2055
£1637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 200
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
154
-
2 200
-
income
31
-
440
-
total
31
-
440
-
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%.

2 046
2 200
-
-
total
-
-
-
-
Dividends
2 046
2 200
-
-
withholding
102
110
-
-
total
102
110
-
-
Income
2 200
2 200
2 200
2 200
Total tax
133
110
440
22
After tax
2 067
2 090
1 760
2 178
Living cost
123
123
123
123
Free-cash
1 944
1 967
1 637
2 055

Estimated living cost  is £123 per week

£84
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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1280
£1206
£763
£714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
income
-
-
-
582
pensions
-
-
-
402
unemployment
-
-
-
3
health
-
-
-
216
total
-
-
-
1 203
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
-
1 904
-
health
25
-
123
-
income
67
-
534
-
pensions
60
-
295
-
unemployment
1
-
3
-
total
153
-
955
-
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
-
1 904
-
unemployment
-
-
1
-
pensions
34
-
168
-
health
26
-
127
-
total
60
-
296
-
Corporate
1 753
2 200
-
-
income
333
418
-
-
total
333
418
-
-
Dividends
1 420
1 782
-
-
withholding
213
267
-
-
total
213
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
759
685
1 251
1 203
After tax
1 441
1 515
949
997
Living cost
235
235
235
235
Free-cash
1 206
1 280
714
763

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
£959
£540
£1141
£1706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
429
social contributions
-
-
-
251
total
-
-
-
680
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
890
2 200
-
-
income
196
484
-
-
total
196
484
-
-
Dividends
694
1 716
-
-
income
153
378
-
-
total
153
378
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 281
862
115
680
After tax
919
1 338
2 085
1 520
Living cost
379
379
379
379
Free-cash
540
959
1 706
1 141

Estimated living cost  is £379 per week

£246
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.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£977
£967
£862
£681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 200
income
-
-
-
300
surtax
-
-
-
-
social contributions

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

-
-
-
764
total
-
-
-
1 064
Employee
402
-
1 778
-
social contributions
44
-
196
-
surtax
-
-
6
-
income
84
-
621
-
total
128
-
823
-
Employer
402
-
1 778
-
social contributions
96
-
422
-
total
96
-
422
-
Corporate
1 702
2 200
-
-
surtax
-
-
-
-
income
358
462
-
-
total
358
462
-
-
Dividends
1 345
1 738
-
-
withholding
377
487
-
-
total
377
487
-
-
Income
2 200
2 200
2 200
2 200
Total tax
959
949
1 245
1 064
After tax
1 241
1 251
955
1 136
Living cost
274
274
274
274
Free-cash
967
977
681
862

Estimated living cost  is £274 per week

£205
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
£687
£746
£762
£682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
442
pensions
-
-
-
329
other
-
-
-
68
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
1 016
Employee
548
-
1 668
-
social contributions
16
-
48
-
surtax
-
-
-
-
income
48
-
386
-
pensions
62
-
130
-
total
126
-
564
-
Employer
548
-
1 668
-
other
19
-
71
-
social contributions
2
-
5
-
unemployment
22
-
68
-
pensions
90
-
217
-
health
38
-
171
-
total
171
-
532
-
Corporate
1 481
2 200
-
-
surtax
-
-
-
-
income
415
616
-
-
total
415
616
-
-
Dividends
1 067
1 584
-
-
surtax
-
-
-
-
social contributions
183
272
-
-
withholding
137
203
-
-
total
320
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 032
1 091
1 096
1 016
After tax
1 168
1 109
1 104
1 184
Living cost
422
422
422
422
Free-cash
746
687
682
762

Estimated living cost  is £422 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
£1717
£1687
£1335
£1393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
118
social contributions
-
-
-
484
total
-
-
-
602
Employee
281
-
1 905
-
income
-
-
125
-
social contributions
18
-
124
-
total
18
-
249
-
Employer
281
-
1 905
-
social contributions
44
-
295
-
total
44
-
295
-
Corporate
1 875
2 200
-
-
income
188
220
-
-
total
188
220
-
-
Dividends
1 688
1 980
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
250
220
544
602
After tax
1 950
1 980
1 656
1 598
Living cost
263
263
263
263
Free-cash
1 687
1 717
1 393
1 335

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
£296
£152
£838
£296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
478
pensions
-
-
-
8
national
-
-
-
280
labour market
-
-
-
175
total
-
-
-
941
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
295
-
-
-
income
65
-
-
-
total
65
-
-
-
Dividends
230
-
-
-
withholding
79
-
-
-
total
79
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 627
1 483
1 483
941
After tax
573
717
717
1 259
Living cost
421
421
421
421
Free-cash
152
296
296
838

Estimated living cost  is £421 per week

£288
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
-£11
£150
£1313
£1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
2
income
-
-
-
638
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
698
Employee
297
-
2 021
-
health
34
-
231
-
income
41
-
504
-
pensions
33
-
67
-
total
108
-
802
-
Employer
297
-
2 021
-
accident
5
-
34
-
unemployment
7
-
50
-
pensions
48
-
96
-
total
60
-
180
-
Corporate
1 842
2 200
-
-
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.

1 658
1 980
-
-
total
1 658
1 980
-
-
Dividends
184
220
-
-
withholding
35
42
-
-
total
35
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 861
2 022
982
698
After tax
339
178
1 218
1 502
Living cost
189
189
189
189
Free-cash
150
-11
1 029
1 313

Estimated living cost  is £189 per week

£138
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 Krakow model

Close
Helsinki , Finland
£995
£1028
£987
£735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 200
municipal
-
-
-
391
health
-
-
-
30
national
-
-
-
456
total
-
-
-
877
Employee
460
-
1 851
-
health
3
-
25
-
municipal
75
-
301
-
pensions
31
-
125
-
unemployment
7
-
28
-
national
8
-
301
-
total
124
-
780
-
Employer
460
-
1 851
-
accident
-
-
2
-
unemployment
3
-
12
-
pensions
80
-
321
-
health
4
-
14
-
total
87
-
349
-
Corporate
1 653
2 200
-
-
income
331
440
-
-
total
331
440
-
-
Dividends

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

992
1 320
-
-
national
115
191
-
-
municipal
179
238
-
-
total
294
429
-
-
Income
2 200
2 200
2 200
2 200
Total tax
836
869
1 129
877
After tax
1 364
1 331
1 071
1 323
Living cost
336
336
336
336
Free-cash
1 028
995
735
987

Estimated living cost  is £336 per week

£219
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
£1402
£1354
£1269
£1252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
532
health
-
-
-
56
social contributions
-
-
-
141
total
-
-
-
729
Employee
672
672
2 086
-
social contributions
25
56
75
-
health
5
11
35
-
income
73
62
522
-
total
103
129
632
-
Employer
672
672
2 086
-
social contributions
25
56
75
-
health
6
12
39
-
total
31
68
114
-
Corporate
1 863
1 459
-
-
income
233
182
-
-
total
233
182
-
-
Dividends
1 630
1 277
-
-
withholding
277
217
-
-
total
277
217
-
-
Income
2 200
2 200
2 200
2 200
Total tax
644
596
746
729
After tax
1 556
1 604
1 454
1 471
Living cost
202
202
202
202
Free-cash
1 354
1 402
1 252
1 269

Estimated living cost  is £202 per week

£121
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
£1683
£1638
£1744
£1568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 200
income
-
-
-
229
pensions
-
-
-
56
unemployment
-
-
-
-
health
-
-
-
32
total
-
-
-
317
Employee

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

201
-
2 115
-
health
17
-
71
-
income
14
-
208
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
407
-
Employer

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

201
-
2 115
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 979
2 200
-
-
income
178
198
-
-
total
178
198
-
-
Dividends
1 801
2 002
-
-
withholding
162
180
-
-
total
162
180
-
-
Income
2 200
2 200
2 200
2 200
Total tax
423
378
493
317
After tax
1 777
1 822
1 707
1 883
Living cost
139
139
139
139
Free-cash
1 638
1 683
1 568
1 744

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
£1218
£1181
£987
£950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
7
income
-
-
-
730
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
973
Employee
323
-
1 942
-
other
-
-
1
-
income
62
-
700
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
752
-
Employer
323
-
1 942
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
45
-
pensions
76
-
191
-
total
103
-
258
-
Corporate
1 774
2 200
-
-
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.

266
330
-
-
total
266
330
-
-
Dividends
1 508
1 870
-
-
withholding
328
412
-
-
total
328
412
-
-
Income
2 200
2 200
2 200
2 200
Total tax
779
742
1 010
973
After tax
1 421
1 458
1 190
1 227
Living cost
240
240
240
240
Free-cash
1 181
1 218
950
987

Estimated living cost  is £240 per week

£162
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
£1349
£1346
£1392
£1390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
754
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
784
Employee
36
-
2 180
-
health
2
-
4
-
income
7
-
753
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
766
-
Employer
36
-
2 180
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 155
2 200
-
-
income
474
484
-
-
total
474
484
-
-
Dividends
1 681
1 716
-
-
withholding
336
343
-
-
total
336
343
-
-
Income
2 200
2 200
2 200
2 200
Total tax
830
827
786
784
After tax
1 370
1 373
1 414
1 416
Living cost
24
24
24
24
Free-cash
1 346
1 349
1 390
1 392

Estimated living cost  is £24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1439
£1395
£1291
£1292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
income
-
-
-
513
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
758
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
-
2 084
-
health
12
-
33
-
income
31
-
513
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
641
-
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
-
2 084
-
unemployment
2
-
5
-
pensions
27
-
78
-
health
12
-
33
-
total
41
-
116
-
Corporate
1 931
2 200
-
-
income
290
330
-
-
total
290
330
-
-
Dividends
1 642
1 870
-
-
withholding
246
280
-
-
total
246
280
-
-
Income
2 200
2 200
2 200
2 200
Total tax
654
610
757
758
After tax
1 546
1 590
1 443
1 442
Living cost
151
151
151
151
Free-cash
1 395
1 439
1 292
1 291

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
£1015
£1012
£900
£719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 200
income
-
-
-
300
surtax
-
-
-
-
social contributions

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

-
-
-
764
total
-
-
-
1 064
Employee
339
-
1 778
-
social contributions
37
-
196
-
surtax
-
-
6
-
income
66
-
621
-
total
103
-
823
-
Employer
339
-
1 778
-
social contributions
81
-
422
-
total
81
-
422
-
Corporate
1 780
2 200
-
-
surtax
-
-
-
-
income
374
462
-
-
total
374
462
-
-
Dividends
1 406
1 738
-
-
withholding
394
487
-
-
total
394
487
-
-
Income
2 200
2 200
2 200
2 200
Total tax
952
949
1 245
1 064
After tax
1 248
1 251
955
1 136
Living cost
236
236
236
236
Free-cash
1 012
1 015
719
900

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
£1151
£1095
£920
£883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
7
income
-
-
-
730
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
973
Employee
422
-
1 942
-
other
-
-
1
-
income
88
-
700
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
752
-
Employer
422
-
1 942
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
1 643
2 200
-
-
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.

246
330
-
-
total
246
330
-
-
Dividends
1 397
1 870
-
-
withholding
303
412
-
-
total
303
412
-
-
Income
2 200
2 200
2 200
2 200
Total tax
798
742
1 010
973
After tax
1 402
1 458
1 190
1 227
Living cost
307
307
307
307
Free-cash
1 095
1 151
883
920

Estimated living cost  is £307 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
£1731
£1679
£1639
£1732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
330
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
411
Employee
199
-
2 140
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
214
-
pensions

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

17
-
27
-
total
48
-
258
-
Employer
199
-
2 140
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 962
2 200
-
-
income
196
220
-
-
total
196
220
-
-
Dividends
1 766
1 980
-
-
withholding
88
99
-
-
total
88
99
-
-
Income
2 200
2 200
2 200
2 200
Total tax
371
319
318
411
After tax
1 829
1 881
1 882
1 789
Living cost
150
150
150
150
Free-cash
1 679
1 731
1 732
1 639

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£792
£906
£751
£1008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
trade
-
-
-
257
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.

-
-
-
753
health

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

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

-
-
-
60
surtax

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

-
-
-
41
total
-
-
-
1 111
Employee

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

435
-
2 200
-
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
-
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
-
41
-
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
-
753
-
total
98
-
854
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 765
2 200
-
-
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
-
-
income
265
330
-
-
trade
253
316
-
-
chamber of commerce
4
5
-
-
total
537
669
-
-
Dividends
1 228
1 532
-
-
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
21
-
-
withholding
304
380
-
-
total
321
401
-
-
Income
2 200
2 200
2 200
2 200
Total tax
956
1 070
854
1 111
After tax
1 244
1 130
1 346
1 089
Living cost
338
338
338
338
Free-cash
906
792
1 008
751

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1042
£1061
£585
£585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
735
social contributions
-
-
-
382
total
-
-
-
1 117
Employee
684
-
2 200
-
income
129
-
735
-
social contributions
57
-
382
-
total
186
-
1 117
-
Employer
684
-
2 200
-
total
-
-
-
-
Corporate
1 516
2 200
-
-
income
190
275
-
-
total
190
275
-
-
Dividends
1 327
1 925
-
-
withholding
265
385
-
-
total
265
385
-
-
Income
2 200
2 200
2 200
2 200
Total tax
641
660
1 117
1 117
After tax
1 559
1 540
1 083
1 083
Living cost
498
498
498
498
Free-cash
1 061
1 042
585
585

Estimated living cost  is £498 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
£1067
£1097
£1494
£1207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
income
-
-
-
330
health

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

-
-
-
59
total
-
-
-
389
Employee
401
-
2 160
-
income
44
-
596
-
social contributions
40
-
40
-
total
84
-
636
-
Employer
401
-
2 160
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 759
2 200
-
-
income
616
770
-
-
total
616
770
-
-
Dividends
1 143
1 430
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 200
2 200
2 200
2 200
Total tax
786
816
676
389
After tax
1 414
1 384
1 524
1 811
Living cost
317
317
317
317
Free-cash
1 097
1 067
1 207
1 494

Estimated living cost  is £317 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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1045
£1097
£1085
£890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
699
pensions
-
-
-
92
total
-
-
-
791
Employee
445
-
1 916
-
health
6
-
25
-
income
81
-
569
-
pensions
34
-
108
-
total
121
-
702
-
Employer
445
-
1 916
-
pensions
45
-
248
-
health
8
-
36
-
total
53
-
284
-
Corporate
1 701
2 200
-
-
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.

323
418
-
-
total
323
418
-
-
Dividends
1 378
1 782
-
-
withholding
282
413
-
-
total
282
413
-
-
Income
2 200
2 200
2 200
2 200
Total tax
779
831
986
791
After tax
1 421
1 369
1 214
1 409
Living cost
324
324
324
324
Free-cash
1 097
1 045
890
1 085

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
-£30
£147
£1294
£1010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
2
income
-
-
-
638
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
698
Employee
327
-
2 021
-
health
37
-
231
-
income
45
-
504
-
pensions
37
-
67
-
total
119
-
802
-
Employer
327
-
2 021
-
accident
5
-
34
-
unemployment
8
-
50
-
pensions
53
-
96
-
total
66
-
180
-
Corporate
1 807
2 200
-
-
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.

1 626
1 980
-
-
total
1 626
1 980
-
-
Dividends
181
220
-
-
withholding
34
42
-
-
total
34
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 845
2 022
982
698
After tax
355
178
1 218
1 502
Living cost
208
208
208
208
Free-cash
147
-30
1 010
1 294

Estimated living cost  is £208 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1565
£1539
£1325
£1517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 200
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
373
pensions
-
-
-
257
unemployment
-
-
-
17
total
-
-
-
757
Employee

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

189
-
2 200
-
work injury
1
-
3
-
income
19
-
373
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
total
71
-
565
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 011
2 200
-
-
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%.

201
220
-
-
total
201
220
-
-
Dividends
1 810
1 980
-
-
withholding
271
297
-
-
total
271
297
-
-
Income
2 200
2 200
2 200
2 200
Total tax
543
517
565
757
After tax
1 657
1 683
1 635
1 443
Living cost
118
118
118
118
Free-cash
1 539
1 565
1 517
1 325

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
£811
£771
£697
£626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
16
regional
-
-
-
56
national
-
-
-
645
social contributions
-
-
-
438
total
-
-
-
1 155
Employee
737
-
2 200
-
social contributions
248
-
574
-
regional
11
-
51
-
municipal
4
-
15
-
national
125
-
586
-
total
388
-
1 226
-
Employer
737
-
2 200
-
total
-
-
-
-
Corporate
1 463
2 200
-
-
nationa
351
528
-
-
municipal
71
106
-
-
total
422
634
-
-
Dividends
1 042
1 566
-
-
withholding
271
407
-
-
total
271
407
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 081
1 041
1 226
1 155
After tax
1 119
1 159
974
1 045
Living cost
348
348
348
348
Free-cash
771
811
626
697

Estimated living cost  is £348 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.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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