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
£ 2300
per

Your estimated
City
free-cash

Dresden , Germany
£895
£992
£838
£1137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
trade
-
-
-
299
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.

-
-
-
796
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.

-
-
-
59
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.

-
-
-
44
total
-
-
-
1 198
Employee

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

333
-
2 300
-
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.

59
-
59
-
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
-
44
-
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
-
796
-
total
69
-
899
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 967
2 300
-
-
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
19
-
-
income
295
345
-
-
trade
310
362
-
-
chamber of commerce
4
5
-
-
total
625
731
-
-
Dividends
1 342
1 569
-
-
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.

18
21
-
-
withholding
332
389
-
-
total
350
410
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 044
1 141
899
1 198
After tax
1 256
1 159
1 401
1 102
Living cost
264
264
264
264
Free-cash
992
895
1 137
838

Estimated living cost  is £264 per week

£166
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
£995
£989
£845
£858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
257
pensions
-
-
-
276
national
-
-
-
457
social contributions
-
-
-
25
total
-
-
-
1 015
Employee
682
-
1 988
-
municipal
84
-
266
-
pensions
27
-
80
-
national
130
-
476
-
total
241
-
822
-
Employer
682
-
1 988
-
social contributions
7
-
21
-
pensions
55
-
159
-
total
62
-
180
-
Corporate
1 512
2 300
-
-
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%.

302
460
-
-
total
302
460
-
-
Dividends
1 209
1 840
-
-
withholding
266
405
-
-
total
266
405
-
-
Income
2 300
2 300
2 300
2 300
Total tax
871
865
1 002
1 015
After tax
1 429
1 435
1 298
1 285
Living cost
440
440
440
440
Free-cash
989
995
858
845

Estimated living cost  is £440 per week

£299
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.
£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

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
£1659
£1588
£680
£837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
microenterprise
-
-
-
-
income
-
-
-
520
surtax
-
-
-
586
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.

-
-
-
333
total
-
-
-
1 439
Employee
254
-
1 847
-
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
-
114
-
surtax
-
-
268
-
income
45
-
447
-
total
73
-
829
-
Employer
254
-
1 847
-
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.

61
-
250
-
surtax
-
-
203
-
total
61
-
453
-
Corporate
1 984
2 300
-
-
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%.

397
460
-
-
total
397
460
-
-
Dividends

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

1 588
1 840
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
531
460
1 282
1 439
After tax
1 769
1 840
1 018
861
Living cost
181
181
181
181
Free-cash
1 588
1 659
837
680

Estimated living cost  is £181 per week

£115
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
£784
£731
£852
£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
-
-
-
2 300
income
-
-
-
874
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 083
Employee
743
743
2 138
-
health
114
97
107
-
income

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

122
122
459
-
pensions
134
102
102
-
total
370
321
668
-
Employer
743
743
2 138
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
1 436
1 427
-
-
income
287
285
-
-
total
287
285
-
-
Dividends
1 149
1 141
-
-
income
244
243
-
-
withholding
172
171
-
-
total
416
414
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 204
1 151
829
1 083
After tax
1 096
1 149
1 471
1 217
Living cost
365
365
365
365
Free-cash
731
784
1 106
852

Estimated living cost  is £365 per week

£258
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
£920
£912
£794
£787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
622
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
334
total
-
-
-
1 170
Employee
479
-
2 068
-
municipal
143
-
617
-
national
-
-
329
-
total
143
-
946
-
Employer
479
-
2 068
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
1 670
2 300
-
-
income
367
506
-
-
total
367
506
-
-
Dividends
1 303
1 794
-
-
withholding
391
538
-
-
total
391
538
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 052
1 044
1 177
1 170
After tax
1 248
1 256
1 123
1 130
Living cost
336
336
336
336
Free-cash
912
920
787
794

Estimated living cost  is £336 per week

£223
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.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£805
£928
£747
£1059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
trade
-
-
-
312
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.

-
-
-
796
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.

-
-
-
59
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.

-
-
-
44
total
-
-
-
1 211
Employee

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

441
-
2 300
-
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.

59
-
59
-
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
-
44
-
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
-
796
-
total
99
-
899
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 859
2 300
-
-
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
19
-
-
income
279
345
-
-
trade
306
378
-
-
chamber of commerce
4
5
-
-
total
604
747
-
-
Dividends
1 255
1 553
-
-
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
310
385
-
-
total
327
406
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 030
1 153
899
1 211
After tax
1 270
1 147
1 401
1 089
Living cost
342
342
342
342
Free-cash
928
805
1 059
747

Estimated living cost  is £342 per week

£229
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
£1394
£1356
£1251
£1234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
567
health
-
-
-
59
social contributions
-
-
-
141
total
-
-
-
767
Employee
669
669
2 185
-
social contributions
33
56
75
-
health
7
11
37
-
income
70
62
557
-
total
110
129
669
-
Employer
669
669
2 185
-
social contributions
33
56
75
-
health
7
12
40
-
total
40
68
115
-
Corporate
1 869
1 563
-
-
income
234
195
-
-
total
234
195
-
-
Dividends
1 635
1 368
-
-
withholding
278
232
-
-
total
278
232
-
-
Income
2 300
2 300
2 300
2 300
Total tax
662
624
784
767
After tax
1 638
1 676
1 516
1 533
Living cost
282
282
282
282
Free-cash
1 356
1 394
1 234
1 251

Estimated living cost  is £282 per week

£193
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
£1133
£1135
£1436
£1176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
281
pensions
-
-
-
230
unemployment
-
-
-
34
health
-
-
-
161
total
-
-
-
706
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.

228
91
1 925
-
health
16
6
135
-
income
28
11
235
-
pensions
23
9
192
-
unemployment
3
1
29
-
total
70
27
591
-
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.

228
91
1 925
-
pensions
45
18
375
-
total
45
18
375
-
Corporate
2 027
2 191
-
-
income
182
197
-
-
total
182
197
-
-
Dividends
1 845
1 994
-
-
social contributions
359
388
-
-
withholding
351
379
-
-
total
710
767
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 007
1 009
966
706
After tax
1 293
1 291
1 334
1 594
Living cost
158
158
158
158
Free-cash
1 135
1 133
1 176
1 436

Estimated living cost  is £158 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
£1630
£1576
£1023
£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
-
-
-
2 300
income
-
-
-
308
pensions
-
-
-
460
health
-
-
-
299
total
-
-
-
1 067
Employee
247
-
1 719
-
income
28
-
331
-
pensions
5
-
34
-
unemployment
4
-
28
-
total
37
-
393
-
Employer
247
-
1 719
-
unemployment
2
-
14
-
pensions
49
-
344
-
health
32
-
223
-
total
83
-
581
-
Corporate
1 970
2 300
-
-
income
394
460
-
-
total
394
460
-
-
Dividends
1 576
1 840
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
514
460
974
1 067
After tax
1 786
1 840
1 326
1 233
Living cost
210
210
210
210
Free-cash
1 576
1 630
1 116
1 023

Estimated living cost  is £210 per week

£144
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.
£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 Tallinn model

Close
Gdansk , Poland
-£4
£157
£1380
£1088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
2
income
-
-
-
670
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
730
Employee
299
-
2 117
-
health
34
-
242
-
income
41
-
532
-
pensions
34
-
66
-
total
109
-
840
-
Employer
299
-
2 117
-
accident
5
-
35
-
unemployment
7
-
52
-
pensions
49
-
95
-
total
61
-
182
-
Corporate
1 940
2 300
-
-
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.

1 746
2 070
-
-
total
1 746
2 070
-
-
Dividends
194
230
-
-
withholding
37
44
-
-
total
37
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 953
2 114
1 022
730
After tax
347
186
1 278
1 570
Living cost
190
190
190
190
Free-cash
157
-4
1 088
1 380

Estimated living cost  is £190 per week

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

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
£2107
£2092
£2199
£1762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 300
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
98
-
2 300
-
income
20
-
460
-
total
20
-
460
-
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%.

2 202
2 300
-
-
total
-
-
-
-
Dividends
2 202
2 300
-
-
withholding
110
115
-
-
total
110
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
130
115
460
23
After tax
2 170
2 185
1 840
2 277
Living cost
78
78
78
78
Free-cash
2 092
2 107
1 762
2 199

Estimated living cost  is £78 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
£1458
£1400
£1200
£1182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
429
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.

-
-
-
318
other
-
-
-
63
health
-
-
-
58
total
-
-
-
868
Employee
316
-
1 961
-
health
4
-
19
-
income
54
-
422
-
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
83
-
547
-
Employer
316
-
1 961
-
accident
3
-
16
-
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
-
225
-
health
4
-
19
-
total
80
-
339
-
Corporate
1 904
2 300
-
-
income
400
483
-
-
total
400
483
-
-
Dividends
1 505
1 817
-
-
withholding
105
127
-
-
total
105
127
-
-
Income
2 300
2 300
2 300
2 300
Total tax
668
610
886
868
After tax
1 632
1 690
1 414
1 432
Living cost
232
232
232
232
Free-cash
1 400
1 458
1 182
1 200

Estimated living cost  is £232 per week

£164
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
£839
£909
£884
£680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
738
pensions
-
-
-
94
total
-
-
-
832
Employee
826
-
2 002
-
health
14
-
26
-
income
149
-
602
-
pensions
80
-
110
-
total
243
-
738
-
Employer
826
-
2 002
-
pensions
98
-
260
-
health
16
-
38
-
total
114
-
298
-
Corporate
1 360
2 300
-
-
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.

258
437
-
-
total
258
437
-
-
Dividends
1 102
1 863
-
-
withholding
192
440
-
-
total
192
440
-
-
Income
2 300
2 300
2 300
2 300
Total tax
807
877
1 036
832
After tax
1 493
1 423
1 264
1 468
Living cost
584
584
584
584
Free-cash
909
839
680
884

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
£1853
£1812
£1760
£1858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
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
-
-
-
426
Employee
151
-
2 240
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
224
-
pensions

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

13
-
27
-
total
37
-
268
-
Employer
151
-
2 240
-
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
2 119
2 300
-
-
income
212
230
-
-
total
212
230
-
-
Dividends
1 907
2 070
-
-
withholding
95
103
-
-
total
95
103
-
-
Income
2 300
2 300
2 300
2 300
Total tax
374
333
328
426
After tax
1 926
1 967
1 972
1 874
Living cost
114
114
114
114
Free-cash
1 812
1 853
1 858
1 760

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£666
£689
£734
£988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
874
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 083
Employee
807
743
2 138
-
health
101
97
107
-
income

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

122
122
459
-
pensions
102
102
102
-
total
325
321
668
-
Employer
807
743
2 138
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
1 352
1 427
-
-
income
270
285
-
-
total
270
285
-
-
Dividends
1 082
1 141
-
-
income
230
243
-
-
withholding
162
171
-
-
total
392
414
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 128
1 151
829
1 083
After tax
1 172
1 149
1 471
1 217
Living cost
483
483
483
483
Free-cash
689
666
988
734

Estimated living cost  is £483 per week

£356
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
£1376
£1300
£1182
£1076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
253
health
-
-
-
311
solidarity contribution
-
-
-
46
social contributions
-
-
-
300
total
-
-
-
910
Employee
306
-
1 875
-
social contributions
20
-
67
-
health
41
-
253
-
solidarity contribution
-
-
37
-
income
37
-
233
-
total
98
-
590
-
Employer
306
-
1 875
-
social contributions
77
-
257
-
health
28
-
169
-
total
105
-
426
-
Corporate
1 889
2 300
-
-
income
359
437
-
-
total
359
437
-
-
Dividends
1 530
1 863
-
-
withholding
230
279
-
-
total
230
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
792
716
1 016
910
After tax
1 508
1 584
1 284
1 390
Living cost
208
208
208
208
Free-cash
1 300
1 376
1 076
1 182

Estimated living cost  is £208 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
£860
£815
£762
£689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
15
regional
-
-
-
31
national
-
-
-
689
social contributions
-
-
-
436
total
-
-
-
1 171
Employee
773
-
2 300
-
social contributions
261
-
571
-
regional
7
-
28
-
municipal
4
-
14
-
national
134
-
631
-
total
406
-
1 244
-
Employer
773
-
2 300
-
total
-
-
-
-
Corporate
1 527
2 300
-
-
nationa
366
552
-
-
municipal
60
90
-
-
total
426
642
-
-
Dividends
1 101
1 658
-
-
withholding
286
431
-
-
total
286
431
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 118
1 073
1 244
1 171
After tax
1 182
1 227
1 056
1 129
Living cost
367
367
367
367
Free-cash
815
860
689
762

Estimated living cost  is £367 per week

£256
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
£1255
£1229
£887
£833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
770
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
135
total
-
-
-
1 221
Employee
288
-
2 056
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
124
-
income
48
-
718
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
1 030
-
Employer
288
-
2 056
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
1 952
2 300
-
-
income
507
598
-
-
total
507
598
-
-
Dividends
1 444
1 702
-
-
withholding
217
255
-
-
total
217
255
-
-
Income
2 300
2 300
2 300
2 300
Total tax
879
853
1 275
1 221
After tax
1 421
1 447
1 025
1 079
Living cost
192
192
192
192
Free-cash
1 229
1 255
833
887

Estimated living cost  is £192 per week

£117
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1024
£1082
£1069
£865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
738
pensions
-
-
-
94
total
-
-
-
832
Employee
554
-
2 002
-
health
8
-
26
-
income
100
-
602
-
pensions
47
-
110
-
total
155
-
738
-
Employer
554
-
2 002
-
pensions
60
-
260
-
health
11
-
38
-
total
71
-
298
-
Corporate
1 676
2 300
-
-
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.

318
437
-
-
total
318
437
-
-
Dividends
1 357
1 863
-
-
withholding
275
440
-
-
total
275
440
-
-
Income
2 300
2 300
2 300
2 300
Total tax
819
877
1 036
832
After tax
1 481
1 423
1 264
1 468
Living cost
399
399
399
399
Free-cash
1 082
1 024
865
1 069

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
£394
£674
£1137
£1071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
city
-
-
-
24
pensions
-
-
-
212
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.

-
-
-
46
regional
-
-
-
140
health
-
-
-
5
national
-
-
-
78
total
-
-
-
505
Employee
770
-
2 079
-
city
8
-
23
-
regional
25
-
126
-
health
2
-
5
-
pensions
65
-
152
-
unemployment
-
-
-
-
national
4
-
66
-
total
104
-
372
-
Employer
770
-
2 079
-
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.

15
-
42
-
unemployment
-
-
-
-
pensions
65
-
152
-
health
2
-
5
-
total
82
-
199
-
Corporate
1 440
2 300
-
-
regional
305
486
-
-
national
122
196
-
-
total
427
682
-
-
Dividends
1 013
1 618
-
-
withholding
355
566
-
-
total
355
566
-
-
Income
2 300
2 300
2 300
2 300
Total tax
968
1 248
571
505
After tax
1 332
1 052
1 729
1 795
Living cost
658
658
658
658
Free-cash
674
394
1 071
1 137

Estimated living cost  is £658 per week

£428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
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.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£736
£878
£677
£1002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 300
trade
-
-
-
325
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.

-
-
-
796
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.

-
-
-
59
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.

-
-
-
44
total
-
-
-
1 224
Employee

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

523
-
2 300
-
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.

59
-
59
-
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
-
44
-
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.

61
-
796
-
total
123
-
899
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 777
2 300
-
-
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
19
-
-
income
267
345
-
-
trade
305
394
-
-
chamber of commerce
4
5
-
-
total
591
763
-
-
Dividends
1 187
1 537
-
-
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
21
-
-
withholding
293
381
-
-
total
309
402
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 023
1 165
899
1 224
After tax
1 277
1 135
1 401
1 076
Living cost
399
399
399
399
Free-cash
878
736
1 002
677

Estimated living cost  is £399 per week

£291
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£861
£913
£931
£842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
476
pensions
-
-
-
337
other
-
-
-
71
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 071
Employee
372
-
1 739
-
social contributions
11
-
50
-
surtax
-
-
-
-
income
22
-
412
-
pensions
42
-
138
-
total
75
-
600
-
Employer
372
-
1 739
-
other
13
-
75
-
social contributions
1
-
5
-
unemployment
15
-
70
-
pensions
61
-
229
-
health
26
-
181
-
total
116
-
560
-
Corporate
1 811
2 300
-
-
surtax
-
-
-
-
income
507
644
-
-
total
507
644
-
-
Dividends
1 304
1 656
-
-
surtax
-
-
-
-
social contributions
224
285
-
-
withholding
167
212
-
-
total
391
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 089
1 141
1 160
1 071
After tax
1 211
1 159
1 140
1 229
Living cost
298
298
298
298
Free-cash
913
861
842
931

Estimated living cost  is £298 per week

£188
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
£891
£940
£961
£872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
476
pensions
-
-
-
337
other
-
-
-
71
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 071
Employee
332
-
1 739
-
social contributions
9
-
50
-
surtax
-
-
-
-
income
17
-
412
-
pensions
38
-
138
-
total
64
-
600
-
Employer
332
-
1 739
-
other
11
-
75
-
social contributions
1
-
5
-
unemployment
13
-
70
-
pensions
55
-
229
-
health
23
-
181
-
total
103
-
560
-
Corporate
1 864
2 300
-
-
surtax
-
-
-
-
income
522
644
-
-
total
522
644
-
-
Dividends
1 342
1 656
-
-
surtax
-
-
-
-
social contributions
231
285
-
-
withholding
172
212
-
-
total
403
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 092
1 141
1 160
1 071
After tax
1 208
1 159
1 140
1 229
Living cost
268
268
268
268
Free-cash
940
891
872
961

Estimated living cost  is £268 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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1217
£1222
£1292
£662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
health
-
-
-
161
social contributions
-
-
-
317
total
-
-
-
823
Employee
295
-
2 300
-
social contributions
41
-
317
-
health
21
-
161
-
income
49
-
975
-
total
111
-
1 453
-
Employer
295
-
2 300
-
total
-
-
-
-
Corporate
2 005
2 300
-
-
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%.

100
115
-
-
total
100
115
-
-
Dividends
1 905
2 185
-
-
health
133
153
-
-
social contributions
263
302
-
-
withholding
286
328
-
-
total
682
783
-
-
Income
2 300
2 300
2 300
2 300
Total tax
893
898
1 453
823
After tax
1 407
1 402
847
1 477
Living cost
185
185
185
185
Free-cash
1 222
1 217
662
1 292

Estimated living cost  is £185 per week

£123
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.
£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 Vilnius model

Close
Vienna , Austria
£959
£942
£866
£287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
chamber of commerce
-
-
-
9
income
-
-
-
797
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 127
Employee
435
347
1 938
-
other
4
3
10
-
health
17
13
39
-
income
50
26
684
-
pensions
45
36
104
-
unemployment
13
10
31
-
total
129
88
868
-
Employer
435
347
1 938
-
accident
6
5
13
-
other
21
16
84
-
chamber of commerce
2
1
8
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
58
-
health
16
13
38
-
total
128
101
362
-
Corporate
1 738
1 852
1 905
-
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.

435
463
476
-
total
435
463
476
-
Dividends
1 304
1 389
-
-
withholding
359
382
-
-
total
359
382
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 051
1 034
1 706
1 127
After tax
1 249
1 266
594
1 173
Living cost
307
307
307
307
Free-cash
942
959
287
866

Estimated living cost  is £307 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
£927
£839
£685
£448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
national
-
-
-
956
communal

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

-
-
-
125
social contributions
-
-
-
217
total
-
-
-
1 298
Employee

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

622
-
1 781
-
communal

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

32
-
93
-
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
-
84
-
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
-
134
-
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
-
16
-
national
191
-
689
-
total
304
-
1 016
-
Employer

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

622
-
1 781
-
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
-
23
-
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
-
26
-
surtax
71
-
202
-
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
-
158
-
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
-
110
-
total
181
-
519
-
Corporate
1 496
2 300
-
-
surtax
6
10
-
-
income
299
518
-
-
total
305
528
-
-
Dividends
1 191
1 771
-
-
withholding

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

354
528
-
-
total
354
528
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 144
1 056
1 535
1 298
After tax
1 156
1 244
765
1 002
Living cost
317
317
317
317
Free-cash
839
927
448
685

Estimated living cost  is £317 per week

£204
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1210
£1152
£968
£932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
7
income
-
-
-
776
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 018
Employee
433
-
2 043
-
other
-
-
1
-
income
91
-
746
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
798
-
Employer
433
-
2 043
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 729
2 300
-
-
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.

259
345
-
-
total
259
345
-
-
Dividends
1 469
1 955
-
-
withholding
319
431
-
-
total
319
431
-
-
Income
2 300
2 300
2 300
2 300
Total tax
834
776
1 054
1 018
After tax
1 466
1 524
1 246
1 282
Living cost
314
314
314
314
Free-cash
1 152
1 210
932
968

Estimated living cost  is £314 per week

£231
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
£800
£681
£609
£670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
17
income
-
-
-
486
pensions
-
-
-
308
health
-
-
-
144
surtax
-
-
-
118
communal
-
-
-
145
total
-
-
-
1 218
Employee
659
-
2 054
-
health
29
-
91
-
surtax
40
-
126
-
income
64
-
531
-
pensions
53
-
164
-
total
186
-
912
-
Employer
659
-
2 054
-
accident
6
-
18
-
pensions
53
-
164
-
health
20
-
63
-
total
79
-
245
-
Corporate
1 562
2 300
-
-
surtax
16
24
-
-
communal
105
155
-
-
income
234
345
-
-
total
355
524
-
-
Dividends
1 206
1 776
-
-
income
345
237
-
-
withholding
181
266
-
-
total
526
503
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 146
1 027
1 157
1 218
After tax
1 154
1 273
1 143
1 082
Living cost
473
473
473
473
Free-cash
681
800
670
609

Estimated living cost  is £473 per week

£355
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1252
£1225
£884
£830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
770
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
135
total
-
-
-
1 221
Employee
293
-
2 056
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
124
-
income
49
-
718
-
pensions
20
-
77
-
unemployment
20
-
81
-
total
97
-
1 030
-
Employer
293
-
2 056
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
1 945
2 300
-
-
income
506
598
-
-
total
506
598
-
-
Dividends
1 439
1 702
-
-
withholding
216
255
-
-
total
216
255
-
-
Income
2 300
2 300
2 300
2 300
Total tax
880
853
1 275
1 221
After tax
1 420
1 447
1 025
1 079
Living cost
195
195
195
195
Free-cash
1 225
1 252
830
884

Estimated living cost  is £195 per week

£118
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
£975
£956
£888
£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
-
-
-
2 300
municipal
-
-
-
15
regional
-
-
-
38
national
-
-
-
689
social contributions
-
-
-
436
total
-
-
-
1 178
Employee
483
-
2 300
-
social contributions
163
-
571
-
regional
6
-
35
-
municipal
3
-
14
-
national
76
-
631
-
total
248
-
1 251
-
Employer
483
-
2 300
-
total
-
-
-
-
Corporate
1 817
2 300
-
-
nationa
436
552
-
-
municipal
90
114
-
-
total
526
666
-
-
Dividends
1 291
1 634
-
-
withholding
336
425
-
-
total
336
425
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 110
1 091
1 251
1 178
After tax
1 190
1 209
1 049
1 122
Living cost
234
234
234
234
Free-cash
956
975
815
888

Estimated living cost  is £234 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
£1327
£1235
£1133
£1027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
253
health
-
-
-
311
solidarity contribution
-
-
-
46
social contributions
-
-
-
300
total
-
-
-
910
Employee
378
-
1 875
-
social contributions
25
-
67
-
health
51
-
253
-
solidarity contribution
-
-
37
-
income
45
-
233
-
total
121
-
590
-
Employer
378
-
1 875
-
social contributions
94
-
257
-
health
34
-
169
-
total
128
-
426
-
Corporate
1 794
2 300
-
-
income
341
437
-
-
total
341
437
-
-
Dividends
1 453
1 863
-
-
withholding
218
279
-
-
total
218
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
808
716
1 016
910
After tax
1 492
1 584
1 284
1 390
Living cost
257
257
257
257
Free-cash
1 235
1 327
1 027
1 133

Estimated living cost  is £257 per week

£191
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
£990
£984
£897
£316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
chamber of commerce
-
-
-
9
income
-
-
-
797
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 125
Employee
380
347
1 940
-
other
4
3
10
-
health
15
13
39
-
income
34
26
685
-
pensions
39
36
104
-
unemployment
11
10
31
-
total
103
88
869
-
Employer
380
347
1 940
-
accident
5
5
13
-
other
18
16
84
-
chamber of commerce
2
1
8
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
58
-
health
14
13
38
-
total
109
99
360
-
Corporate
1 810
1 853
1 907
-
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.

453
463
477
-
total
453
463
477
-
Dividends
1 358
1 390
-
-
withholding
373
382
-
-
total
373
382
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 038
1 032
1 706
1 125
After tax
1 262
1 268
594
1 175
Living cost
278
278
278
278
Free-cash
984
990
316
897

Estimated living cost  is £278 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
£2063
£2041
£2155
£1718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 300
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
152
-
2 300
-
income
30
-
460
-
total
30
-
460
-
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%.

2 148
2 300
-
-
total
-
-
-
-
Dividends
2 148
2 300
-
-
withholding
107
115
-
-
total
107
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
137
115
460
23
After tax
2 163
2 185
1 840
2 277
Living cost
122
122
122
122
Free-cash
2 041
2 063
1 718
2 155

Estimated living cost  is £122 per week

£83
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.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1351
£1277
£799
£748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
619
pensions
-
-
-
420
unemployment
-
-
-
3
health
-
-
-
226
total
-
-
-
1 268
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.

385
-
1 990
-
health
25
-
129
-
income
66
-
569
-
pensions
60
-
308
-
unemployment
1
-
3
-
total
152
-
1 009
-
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.

385
-
1 990
-
unemployment
-
-
1
-
pensions
34
-
176
-
health
26
-
133
-
total
60
-
310
-
Corporate
1 855
2 300
-
-
income
353
437
-
-
total
353
437
-
-
Dividends
1 503
1 863
-
-
withholding
225
279
-
-
total
225
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
790
716
1 319
1 268
After tax
1 510
1 584
981
1 032
Living cost
233
233
233
233
Free-cash
1 277
1 351
748
799

Estimated living cost  is £233 per week

£160
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
£1023
£609
£1214
£1810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
448
social contributions
-
-
-
262
total
-
-
-
710
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
1 002
2 300
-
-
income
220
506
-
-
total
220
506
-
-
Dividends
781
1 794
-
-
income
172
395
-
-
total
172
395
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 315
901
114
710
After tax
985
1 399
2 186
1 590
Living cost
376
376
376
376
Free-cash
609
1 023
1 810
1 214

Estimated living cost  is £376 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1035
£1027
£910
£718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
318
surtax
-
-
-
-
social contributions

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

-
-
-
799
total
-
-
-
1 117
Employee
400
-
1 859
-
social contributions
44
-
204
-
surtax
-
-
8
-
income
83
-
656
-
total
127
-
868
-
Employer
400
-
1 859
-
social contributions
95
-
441
-
total
95
-
441
-
Corporate
1 805
2 300
-
-
surtax
-
-
-
-
income
379
483
-
-
total
379
483
-
-
Dividends
1 426
1 817
-
-
withholding
399
509
-
-
total
399
509
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 000
992
1 309
1 117
After tax
1 300
1 308
991
1 183
Living cost
273
273
273
273
Free-cash
1 027
1 035
718
910

Estimated living cost  is £273 per week

£204
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
£739
£797
£809
£720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
476
pensions
-
-
-
337
other
-
-
-
71
health
-
-
-
121
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 071
Employee
545
-
1 739
-
social contributions
16
-
50
-
surtax
-
-
-
-
income
48
-
412
-
pensions
62
-
138
-
total
126
-
600
-
Employer
545
-
1 739
-
other
19
-
75
-
social contributions
2
-
5
-
unemployment
22
-
70
-
pensions
90
-
229
-
health
38
-
181
-
total
171
-
560
-
Corporate
1 585
2 300
-
-
surtax
-
-
-
-
income
444
644
-
-
total
444
644
-
-
Dividends
1 141
1 656
-
-
surtax
-
-
-
-
social contributions
196
285
-
-
withholding
146
212
-
-
total
342
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 083
1 141
1 160
1 071
After tax
1 217
1 159
1 140
1 229
Living cost
420
420
420
420
Free-cash
797
739
720
809

Estimated living cost  is £420 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£1808
£1779
£1405
£1467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
127
social contributions
-
-
-
506
total
-
-
-
633
Employee
280
-
1 991
-
income
-
-
133
-
social contributions
18
-
129
-
total
18
-
262
-
Employer
280
-
1 991
-
social contributions
43
-
309
-
total
43
-
309
-
Corporate
1 977
2 300
-
-
income
198
230
-
-
total
198
230
-
-
Dividends
1 779
2 070
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
259
230
571
633
After tax
2 041
2 070
1 729
1 667
Living cost
262
262
262
262
Free-cash
1 779
1 808
1 467
1 405

Estimated living cost  is £262 per week

£169
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
£403
£200
£893
£403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
502
pensions
-
-
-
8
national
-
-
-
295
labour market
-
-
-
183
total
-
-
-
988
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
403
-
-
-
income
89
-
-
-
total
89
-
-
-
Dividends
315
-
-
-
withholding
114
-
-
-
total
114
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 681
1 478
1 478
988
After tax
619
822
822
1 312
Living cost
419
419
419
419
Free-cash
200
403
403
893

Estimated living cost  is £419 per week

£287
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
-£2
£158
£1382
£1090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
2
income
-
-
-
670
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
730
Employee
295
-
2 117
-
health
34
-
242
-
income
40
-
532
-
pensions
33
-
66
-
total
107
-
840
-
Employer
295
-
2 117
-
accident
5
-
35
-
unemployment
7
-
52
-
pensions
48
-
95
-
total
60
-
182
-
Corporate
1 945
2 300
-
-
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.

1 750
2 070
-
-
total
1 750
2 070
-
-
Dividends
194
230
-
-
withholding
37
44
-
-
total
37
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 954
2 114
1 022
730
After tax
346
186
1 278
1 570
Living cost
188
188
188
188
Free-cash
158
-2
1 090
1 382

Estimated living cost  is £188 per week

£136
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
£1048
£1086
£1038
£773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 300
municipal
-
-
-
408
health
-
-
-
32
national
-
-
-
488
total
-
-
-
928
Employee
458
-
1 935
-
health
3
-
26
-
municipal
75
-
315
-
pensions
31
-
131
-
unemployment
7
-
29
-
national
8
-
326
-
total
124
-
827
-
Employer
458
-
1 935
-
accident
-
-
2
-
unemployment
3
-
13
-
pensions
79
-
336
-
health
4
-
15
-
total
86
-
366
-
Corporate
1 756
2 300
-
-
income
351
460
-
-
total
351
460
-
-
Dividends

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

1 053
1 380
-
-
national
129
210
-
-
municipal
190
248
-
-
total
319
458
-
-
Income
2 300
2 300
2 300
2 300
Total tax
880
918
1 193
928
After tax
1 420
1 382
1 107
1 372
Living cost
334
334
334
334
Free-cash
1 086
1 048
773
1 038

Estimated living cost  is £334 per week

£218
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.
£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

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
£1475
£1427
£1332
£1315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
567
health
-
-
-
59
social contributions
-
-
-
141
total
-
-
-
767
Employee
669
669
2 185
-
social contributions
25
56
75
-
health
5
11
37
-
income
73
62
557
-
total
103
129
669
-
Employer
669
669
2 185
-
social contributions
25
56
75
-
health
6
12
40
-
total
31
68
115
-
Corporate
1 964
1 563
-
-
income
246
195
-
-
total
246
195
-
-
Dividends
1 719
1 368
-
-
withholding
292
232
-
-
total
292
232
-
-
Income
2 300
2 300
2 300
2 300
Total tax
672
624
784
767
After tax
1 628
1 676
1 516
1 533
Living cost
201
201
201
201
Free-cash
1 427
1 475
1 315
1 332

Estimated living cost  is £201 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
£1767
£1722
£1836
£1660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 300
income
-
-
-
240
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
326
Employee

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

200
-
2 215
-
health
17
-
70
-
income
14
-
219
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
417
-
Employer

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

200
-
2 215
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
2 080
2 300
-
-
income
187
207
-
-
total
187
207
-
-
Dividends
1 893
2 093
-
-
withholding
170
188
-
-
total
170
188
-
-
Income
2 300
2 300
2 300
2 300
Total tax
440
395
502
326
After tax
1 860
1 905
1 798
1 974
Living cost
138
138
138
138
Free-cash
1 722
1 767
1 660
1 836

Estimated living cost  is £138 per week

£88
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
£1285
£1247
£1043
£1007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
7
income
-
-
-
776
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 018
Employee
322
-
2 043
-
other
-
-
1
-
income
62
-
746
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
798
-
Employer
322
-
2 043
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
1 876
2 300
-
-
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.

281
345
-
-
total
281
345
-
-
Dividends
1 594
1 955
-
-
withholding
348
431
-
-
total
348
431
-
-
Income
2 300
2 300
2 300
2 300
Total tax
814
776
1 054
1 018
After tax
1 486
1 524
1 246
1 282
Living cost
239
239
239
239
Free-cash
1 247
1 285
1 007
1 043

Estimated living cost  is £239 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
£1411
£1408
£1457
£1455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
789
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
819
Employee
36
-
2 280
-
health
2
-
4
-
income
7
-
788
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
801
-
Employer
36
-
2 280
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 256
2 300
-
-
income
496
506
-
-
total
496
506
-
-
Dividends
1 759
1 794
-
-
withholding
352
359
-
-
total
352
359
-
-
Income
2 300
2 300
2 300
2 300
Total tax
868
865
821
819
After tax
1 432
1 435
1 479
1 481
Living cost
24
24
24
24
Free-cash
1 408
1 411
1 455
1 457

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
£1511
£1467
£1367
£1368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
539
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
782
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.

227
-
2 185
-
health
12
-
33
-
income
31
-
539
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
667
-
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.

227
-
2 185
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
2 032
2 300
-
-
income
305
345
-
-
total
305
345
-
-
Dividends
1 728
1 955
-
-
withholding
259
293
-
-
total
259
293
-
-
Income
2 300
2 300
2 300
2 300
Total tax
682
638
782
782
After tax
1 618
1 662
1 518
1 518
Living cost
150
150
150
150
Free-cash
1 467
1 511
1 368
1 367

Estimated living cost  is £150 per week

£101
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
£1073
£1071
£948
£756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
318
surtax
-
-
-
-
social contributions

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

-
-
-
799
total
-
-
-
1 117
Employee
338
-
1 859
-
social contributions
37
-
204
-
surtax
-
-
8
-
income
66
-
656
-
total
103
-
868
-
Employer
338
-
1 859
-
social contributions
80
-
441
-
total
80
-
441
-
Corporate
1 882
2 300
-
-
surtax
-
-
-
-
income
395
483
-
-
total
395
483
-
-
Dividends
1 487
1 817
-
-
withholding
416
509
-
-
total
416
509
-
-
Income
2 300
2 300
2 300
2 300
Total tax
994
992
1 309
1 117
After tax
1 306
1 308
991
1 183
Living cost
235
235
235
235
Free-cash
1 071
1 073
756
948

Estimated living cost  is £235 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1218
£1161
£976
£940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
7
income
-
-
-
776
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 018
Employee
420
-
2 043
-
other
-
-
1
-
income
88
-
746
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
798
-
Employer
420
-
2 043
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 746
2 300
-
-
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.

262
345
-
-
total
262
345
-
-
Dividends
1 484
1 955
-
-
withholding
323
431
-
-
total
323
431
-
-
Income
2 300
2 300
2 300
2 300
Total tax
833
776
1 054
1 018
After tax
1 467
1 524
1 246
1 282
Living cost
306
306
306
306
Free-cash
1 161
1 218
940
976

Estimated living cost  is £306 per week

£220
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
£1817
£1764
£1724
£1822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
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
-
-
-
426
Employee
198
-
2 240
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
224
-
pensions

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

17
-
27
-
total
48
-
268
-
Employer
198
-
2 240
-
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
2 063
2 300
-
-
income
206
230
-
-
total
206
230
-
-
Dividends
1 856
2 070
-
-
withholding
93
103
-
-
total
93
103
-
-
Income
2 300
2 300
2 300
2 300
Total tax
386
333
328
426
After tax
1 914
1 967
1 972
1 874
Living cost
150
150
150
150
Free-cash
1 764
1 817
1 822
1 724

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
£846
£960
£793
£1065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
trade
-
-
-
272
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.

-
-
-
796
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.

-
-
-
59
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.

-
-
-
44
total
-
-
-
1 171
Employee

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

433
-
2 300
-
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.

59
-
59
-
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
-
44
-
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
-
796
-
total
97
-
899
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 867
2 300
-
-
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
19
-
-
income
280
345
-
-
trade
268
330
-
-
chamber of commerce
4
5
-
-
total
567
699
-
-
Dividends
1 300
1 601
-
-
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.

18
22
-
-
withholding
322
397
-
-
total
340
419
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 004
1 118
899
1 171
After tax
1 296
1 182
1 401
1 129
Living cost
336
336
336
336
Free-cash
960
846
1 065
793

Estimated living cost  is £336 per week

£232
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
£1113
£1134
£627
£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
-
-
-
2 300
income
-
-
-
776
social contributions
-
-
-
401
total
-
-
-
1 177
Employee
681
-
2 300
-
income
128
-
776
-
social contributions
57
-
401
-
total
185
-
1 177
-
Employer
681
-
2 300
-
total
-
-
-
-
Corporate
1 619
2 300
-
-
income
202
288
-
-
total
202
288
-
-
Dividends
1 417
2 012
-
-
withholding
283
403
-
-
total
283
403
-
-
Income
2 300
2 300
2 300
2 300
Total tax
670
691
1 177
1 177
After tax
1 630
1 609
1 123
1 123
Living cost
496
496
496
496
Free-cash
1 134
1 113
627
627

Estimated living cost  is £496 per week

£377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1133
£1164
£1581
£1273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
345
health

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

-
-
-
58
total
-
-
-
403
Employee
399
-
2 260
-
income
43
-
631
-
social contributions
40
-
40
-
total
83
-
671
-
Employer
399
-
2 260
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 861
2 300
-
-
income
651
805
-
-
total
651
805
-
-
Dividends
1 210
1 495
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 300
2 300
2 300
2 300
Total tax
820
851
711
403
After tax
1 480
1 449
1 589
1 897
Living cost
316
316
316
316
Free-cash
1 164
1 133
1 273
1 581

Estimated living cost  is £316 per week

£208
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
£1099
£1152
£1144
£940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
738
pensions
-
-
-
94
total
-
-
-
832
Employee
445
-
2 002
-
health
6
-
26
-
income
81
-
602
-
pensions
34
-
110
-
total
121
-
738
-
Employer
445
-
2 002
-
pensions
45
-
260
-
health
8
-
38
-
total
53
-
298
-
Corporate
1 801
2 300
-
-
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.

342
437
-
-
total
342
437
-
-
Dividends
1 459
1 863
-
-
withholding
308
440
-
-
total
308
440
-
-
Income
2 300
2 300
2 300
2 300
Total tax
824
877
1 036
832
After tax
1 476
1 423
1 264
1 468
Living cost
324
324
324
324
Free-cash
1 152
1 099
940
1 144

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
-£20
£156
£1364
£1072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
2
income
-
-
-
670
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
730
Employee
324
-
2 117
-
health
37
-
242
-
income
44
-
532
-
pensions
36
-
66
-
total
117
-
840
-
Employer
324
-
2 117
-
accident
5
-
35
-
unemployment
8
-
52
-
pensions
53
-
95
-
total
66
-
182
-
Corporate
1 910
2 300
-
-
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.

1 719
2 070
-
-
total
1 719
2 070
-
-
Dividends
191
230
-
-
withholding
36
44
-
-
total
36
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 938
2 114
1 022
730
After tax
362
186
1 278
1 570
Living cost
206
206
206
206
Free-cash
156
-20
1 072
1 364

Estimated living cost  is £206 per week

£151
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
£1642
£1615
£1408
£1601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
391
pensions
-
-
-
256
unemployment
-
-
-
17
total
-
-
-
774
Employee

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

188
-
2 300
-
work injury
1
-
3
-
income
19
-
391
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
581
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 112
2 300
-
-
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%.

211
230
-
-
total
211
230
-
-
Dividends
1 901
2 070
-
-
withholding
285
310
-
-
total
285
310
-
-
Income
2 300
2 300
2 300
2 300
Total tax
567
540
581
774
After tax
1 733
1 760
1 719
1 526
Living cost
118
118
118
118
Free-cash
1 615
1 642
1 601
1 408

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
£864
£825
£752
£680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
17
regional
-
-
-
59
national
-
-
-
689
social contributions
-
-
-
436
total
-
-
-
1 201
Employee
733
-
2 300
-
social contributions
247
-
571
-
regional
11
-
55
-
municipal
4
-
16
-
national
124
-
631
-
total
386
-
1 273
-
Employer
733
-
2 300
-
total
-
-
-
-
Corporate
1 567
2 300
-
-
nationa
376
552
-
-
municipal
76
111
-
-
total
452
663
-
-
Dividends
1 115
1 637
-
-
withholding
290
426
-
-
total
290
426
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 128
1 089
1 273
1 201
After tax
1 172
1 211
1 027
1 099
Living cost
347
347
347
347
Free-cash
825
864
680
752

Estimated living cost  is £347 per week

£244
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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