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
£ 2350
per

Your estimated
City
free-cash

Dresden , Germany
£1012
£1161
£914
£856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
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.

-
-
-
61
trade
-
-
-
305
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.

-
-
-
813
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.

-
-
-
45
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.

342
-
2 350
-
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.

61
-
61
-
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.

10
-
813
-
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
-
45
-
total
72
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 008
2 350
-
-
income
301
353
-
-
chamber of commerce
4
5
-
-
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
19
-
-
trade
316
370
-
-
total
638
747
-
-
Dividends
1 370
1 603
-
-
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.

19
22
-
-
withholding
339
397
-
-
total
358
419
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 068
1 166
919
1 224
After tax
1 282
1 184
1 431
1 126
Living cost
270
270
270
270
Free-cash
1 012
914
1 161
856

Estimated living cost  is £270 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£996
£866
£1003
£854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
25
municipal
-
-
-
263
pensions
-
-
-
282
national
-
-
-
463
total
-
-
-
1 033
Employee
718
-
2 032
-
pensions
29
-
81
-
municipal
89
-
272
-
national
137
-
483
-
total
255
-
836
-
Employer
718
-
2 032
-
pensions
57
-
163
-
social contributions
8
-
22
-
total
65
-
185
-
Corporate
1 520
2 350
-
-
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%.

304
470
-
-
total
304
470
-
-
Dividends
1 216
1 880
-
-
withholding
267
414
-
-
total
267
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
891
884
1 021
1 033
After tax
1 459
1 466
1 329
1 317
Living cost
463
463
463
463
Free-cash
996
1 003
866
854

Estimated living cost  is £463 per week

£315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1621
£855
£1694
£692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
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.

-
-
-
342
income
-
-
-
531
surtax
-
-
-
599
microenterprise
-
-
-
-
total
-
-
-
1 472
Employee
261
-
1 886
-
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.

29
-
117
-
income
46
-
456
-
surtax
-
-
273
-
total
75
-
846
-
Employer
261
-
1 886
-
surtax
-
-
207
-
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.

63
-
256
-
total
63
-
463
-
Corporate
2 026
2 350
-
-
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%.

405
470
-
-
total
405
470
-
-
Dividends

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

1 621
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
543
470
1 309
1 472
After tax
1 807
1 880
1 041
878
Living cost
186
186
186
186
Free-cash
1 621
1 694
855
692

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£746
£1128
£801
£869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
110
income
-
-
-
892
pensions
-
-
-
105
total
-
-
-
1 107
Employee
763
763
2 184
-
pensions
137
105
105
-
health
117
100
110
-
income

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

125
125
467
-
total
379
330
682
-
Employer
763
763
2 184
-
pensions
53
53
66
-
health
53
53
66
-
unemployment
27
27
34
-
total
133
133
166
-
Corporate
1 463
1 454
-
-
income
293
291
-
-
total
293
291
-
-
Dividends
1 171
1 163
-
-
income
249
247
-
-
withholding
176
174
-
-
total
425
421
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 230
1 175
848
1 107
After tax
1 120
1 175
1 502
1 243
Living cost
374
374
374
374
Free-cash
746
801
1 128
869

Estimated living cost  is £374 per week

£265
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£910
£788
£919
£796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
health
-
-
-
50
municipal
-
-
-
632
pensions
-
-
-
86
other
-
-
-
93
unemployment
-
-
-
1
national
-
-
-
326
total
-
-
-
1 190
Employee
518
-
2 100
-
municipal
155
-
626
-
national
-
-
321
-
total
155
-
947
-
Employer
518
-
2 100
-
pensions
56
-
86
-
other
60
-
93
-
health
32
-
49
-
unemployment
14
-
21
-
accident
1
-
2
-
total
163
-
251
-
Corporate
1 669
2 350
-
-
income
367
517
-
-
total
367
517
-
-
Dividends
1 302
1 833
-
-
withholding
391
550
-
-
total
391
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 076
1 067
1 198
1 190
After tax
1 274
1 283
1 152
1 160
Living cost
364
364
364
364
Free-cash
910
919
788
796

Estimated living cost  is £364 per week

£241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£946
£1080
£820
£762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
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.

-
-
-
61
trade
-
-
-
318
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.

-
-
-
813
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.

-
-
-
45
total
-
-
-
1 237
Employee

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

453
-
2 350
-
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.

61
-
61
-
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.

39
-
813
-
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
-
45
-
total
102
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 897
2 350
-
-
income
285
353
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
312
387
-
-
total
617
764
-
-
Dividends
1 281
1 587
-
-
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
22
-
-
withholding
317
393
-
-
total
334
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 053
1 179
919
1 237
After tax
1 297
1 171
1 431
1 113
Living cost
351
351
351
351
Free-cash
946
820
1 080
762

Estimated living cost  is £351 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1386
£1259
£1421
£1278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
144
health
-
-
-
60
income
-
-
-
578
total
-
-
-
782
Employee
687
687
2 232
-
health
7
12
38
-
social contributions
33
57
77
-
income
72
64
568
-
total
112
133
683
-
Employer
687
687
2 232
-
health
7
13
41
-
social contributions
33
57
77
-
total
40
70
118
-
Corporate
1 907
1 594
-
-
income
238
199
-
-
total
238
199
-
-
Dividends
1 669
1 394
-
-
withholding
284
237
-
-
total
284
237
-
-
Income
2 350
2 350
2 350
2 350
Total tax
674
639
801
782
After tax
1 676
1 711
1 549
1 568
Living cost
290
290
290
290
Free-cash
1 386
1 421
1 259
1 278

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1155
£1197
£1151
£1463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
164
income
-
-
-
287
pensions
-
-
-
235
unemployment
-
-
-
35
total
-
-
-
721
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.

239
95
1 967
-
unemployment
4
1
29
-
pensions
24
10
197
-
health
17
7
138
-
income
29
12
240
-
total
74
30
604
-
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.

239
95
1 967
-
pensions
47
19
383
-
total
47
19
383
-
Corporate
2 064
2 236
-
-
income
186
201
-
-
total
186
201
-
-
Dividends
1 878
2 035
-
-
social contributions
365
396
-
-
withholding
357
387
-
-
total
722
783
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 029
1 033
987
721
After tax
1 321
1 317
1 363
1 629
Living cost
166
166
166
166
Free-cash
1 155
1 151
1 197
1 463

Estimated living cost  is £166 per week

£113
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.
£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 Budapest model

Close
Tallinn , Estonia
£1608
£1139
£1664
£1044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
305
income
-
-
-
315
pensions
-
-
-
470
total
-
-
-
1 090
Employee
253
-
1 756
-
unemployment
4
-
28
-
pensions
5
-
35
-
income
29
-
339
-
total
38
-
402
-
Employer
253
-
1 756
-
pensions
51
-
351
-
health
33
-
228
-
unemployment
2
-
14
-
total
86
-
593
-
Corporate
2 011
2 350
-
-
income
402
470
-
-
total
402
470
-
-
Dividends
1 609
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
526
470
995
1 090
After tax
1 824
1 880
1 355
1 260
Living cost
216
216
216
216
Free-cash
1 608
1 664
1 139
1 044

Estimated living cost  is £216 per week

£148
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.
£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 Tallinn model

Close
Gdansk , Poland
£160
£1104
-£9
£1405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
683
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
746
Employee
313
-
2 161
-
pensions
35
-
69
-
health
36
-
247
-
income
43
-
542
-
total
114
-
858
-
Employer
313
-
2 161
-
pensions
51
-
100
-
unemployment
8
-
53
-
accident
5
-
36
-
total
64
-
189
-
Corporate
1 973
2 350
-
-
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.

1 776
2 115
-
-
total
1 776
2 115
-
-
Dividends
197
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 991
2 160
1 047
746
After tax
359
190
1 303
1 604
Living cost
199
199
199
199
Free-cash
160
-9
1 104
1 405

Estimated living cost  is £199 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2145
£1806
£2159
£2252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
92
-
2 350
-
income
18
-
470
-
total
18
-
470
-
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%.

2 258
2 350
-
-
total
-
-
-
-
Dividends
2 258
2 350
-
-
withholding
113
117
-
-
total
113
117
-
-
Income
2 350
2 350
2 350
2 350
Total tax
131
117
470
24
After tax
2 219
2 233
1 880
2 326
Living cost
74
74
74
74
Free-cash
2 145
2 159
1 806
2 252

Estimated living cost  is £74 per week

£46
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1427
£1205
£1489
£1225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
60
income
-
-
-
437
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.

-
-
-
326
other
-
-
-
64
total
-
-
-
887
Employee
324
-
2 003
-
unemployment
3
-
14
-
pensions

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

23
-
95
-
health
5
-
19
-
income
56
-
431
-
total
87
-
559
-
Employer
324
-
2 003
-
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.

55
-
231
-
other
16
-
68
-
health
5
-
19
-
unemployment
3
-
14
-
accident
3
-
16
-
total
82
-
348
-
Corporate
1 944
2 350
-
-
income
408
493
-
-
total
408
493
-
-
Dividends
1 536
1 857
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
623
907
887
After tax
1 665
1 727
1 443
1 463
Living cost
238
238
238
238
Free-cash
1 427
1 489
1 205
1 225

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£936
£704
£867
£913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
758
pensions
-
-
-
95
total
-
-
-
853
Employee
826
-
2 045
-
pensions
80
-
111
-
health
14
-
27
-
income
149
-
619
-
total
243
-
757
-
Employer
826
-
2 045
-
pensions
98
-
266
-
health
16
-
39
-
total
114
-
305
-
Corporate
1 410
2 350
-
-
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.

268
446
-
-
total
268
446
-
-
Dividends
1 142
1 904
-
-
withholding
205
453
-
-
total
205
453
-
-
Income
2 350
2 350
2 350
2 350
Total tax
830
899
1 062
853
After tax
1 520
1 451
1 288
1 497
Living cost
584
584
584
584
Free-cash
936
867
704
913

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
£1851
£1899
£1892
£1797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
36
income
-
-
-
353
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
436
Employee
155
-
2 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
health
7
-
14
-
income
15
-
229
-
total
38
-
273
-
Employer
155
-
2 289
-
pensions

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

17
-
34
-
health
11
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
31
-
61
-
Corporate
2 165
2 350
-
-
income
216
235
-
-
total
216
235
-
-
Dividends
1 948
2 115
-
-
withholding
97
106
-
-
total
97
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
382
341
334
436
After tax
1 968
2 009
2 016
1 914
Living cost
117
117
117
117
Free-cash
1 851
1 892
1 899
1 797

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£702
£1007
£680
£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
-
-
-
2 350
health
-
-
-
110
income
-
-
-
892
pensions
-
-
-
105
total
-
-
-
1 107
Employee
828
763
2 184
-
pensions
105
105
105
-
health
103
100
110
-
income

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

125
125
467
-
total
333
330
682
-
Employer
828
763
2 184
-
pensions
58
53
66
-
health
58
53
66
-
unemployment
30
27
34
-
total
146
133
166
-
Corporate
1 377
1 454
-
-
income
275
291
-
-
total
275
291
-
-
Dividends
1 102
1 163
-
-
income
234
247
-
-
withholding
165
174
-
-
total
399
421
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 153
1 175
848
1 107
After tax
1 197
1 175
1 502
1 243
Living cost
495
495
495
495
Free-cash
702
680
1 007
748

Estimated living cost  is £495 per week

£365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Amsterdam model

Close
Brno , Czech Republic
£1318
£1085
£1396
£1192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
319
health
-
-
-
317
income
-
-
-
257
solidarity contribution
-
-
-
43
total
-
-
-
936
Employee
326
-
1 905
-
solidarity contribution
-
-
34
-
health
44
-
257
-
social contributions
21
-
71
-
income
39
-
237
-
total
104
-
599
-
Employer
326
-
1 905
-
health
29
-
171
-
social contributions
82
-
273
-
total
111
-
444
-
Corporate
1 913
2 350
-
-
income
363
446
-
-
total
363
446
-
-
Dividends
1 550
1 904
-
-
withholding
232
286
-
-
total
232
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
810
732
1 043
936
After tax
1 540
1 618
1 307
1 414
Living cost
222
222
222
222
Free-cash
1 318
1 396
1 085
1 192

Estimated living cost  is £222 per week

£154
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 Brno model

Close
Milan , Italy
£829
£701
£876
£777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
447
municipal
-
-
-
15
regional
-
-
-
31
national
-
-
-
703
total
-
-
-
1 196
Employee
794
-
2 350
-
regional
7
-
29
-
municipal
4
-
14
-
national
138
-
643
-
social contributions
268
-
586
-
total
417
-
1 272
-
Employer
794
-
2 350
-
total
-
-
-
-
Corporate
1 556
2 350
-
-
municipal
61
92
-
-
nationa
374
564
-
-
total
435
656
-
-
Dividends
1 122
1 694
-
-
withholding
292
441
-
-
total
292
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 144
1 097
1 272
1 196
After tax
1 206
1 253
1 078
1 154
Living cost
377
377
377
377
Free-cash
829
876
701
777

Estimated living cost  is £377 per week

£263
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.
£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.
£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 Milan model

Close
Thessaloniki , Greece
£1254
£851
£1281
£905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
85
income
-
-
-
786
surtax
-
-
-
137
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
1 248
Employee
295
-
2 099
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
49
-
732
-
other
-
-
-
-
surtax
1
-
127
-
total
99
-
1 051
-
Employer
295
-
2 099
-
pensions
39
-
159
-
other
-
-
-
-
health
13
-
54
-
unemployment
9
-
38
-
total
61
-
251
-
Corporate
1 993
2 350
-
-
income
518
611
-
-
total
518
611
-
-
Dividends
1 474
1 739
-
-
withholding
221
261
-
-
total
221
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
872
1 302
1 248
After tax
1 451
1 478
1 048
1 102
Living cost
197
197
197
197
Free-cash
1 254
1 281
851
905

Estimated living cost  is £197 per week

£120
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1109
£889
£1052
£1098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
758
pensions
-
-
-
95
total
-
-
-
853
Employee
554
-
2 045
-
pensions
47
-
111
-
health
8
-
27
-
income
100
-
619
-
total
155
-
757
-
Employer
554
-
2 045
-
pensions
60
-
266
-
health
11
-
39
-
total
71
-
305
-
Corporate
1 726
2 350
-
-
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.

328
446
-
-
total
328
446
-
-
Dividends
1 398
1 904
-
-
withholding
288
453
-
-
total
288
453
-
-
Income
2 350
2 350
2 350
2 350
Total tax
842
899
1 062
853
After tax
1 508
1 451
1 288
1 497
Living cost
399
399
399
399
Free-cash
1 109
1 052
889
1 098

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
£668
£1064
£365
£1134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
5
pensions
-
-
-
216
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.

-
-
-
47
regional
-
-
-
140
city
-
-
-
25
national
-
-
-
74
total
-
-
-
507
Employee
829
-
2 122
-
unemployment
-
-
-
-
pensions
70
-
158
-
regional
27
-
125
-
national
4
-
61
-
health
2
-
5
-
city
9
-
23
-
total
112
-
372
-
Employer
829
-
2 122
-
pensions
70
-
158
-
other

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

17
-
42
-
health
2
-
5
-
unemployment
-
-
-
-
total
89
-
205
-
Corporate
1 423
2 350
-
-
regional
301
497
-
-
national
121
200
-
-
total
422
697
-
-
Dividends
1 001
1 653
-
-
withholding
350
579
-
-
total
350
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
973
1 276
577
507
After tax
1 377
1 074
1 773
1 843
Living cost
709
709
709
709
Free-cash
668
365
1 064
1 134

Estimated living cost  is £709 per week

£461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£897
£1022
£751
£690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
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.

-
-
-
61
trade
-
-
-
332
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.

-
-
-
813
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.

-
-
-
45
total
-
-
-
1 251
Employee

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

537
-
2 350
-
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.

61
-
61
-
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.

63
-
813
-
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
-
45
-
total
127
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 813
2 350
-
-
income
272
353
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
311
403
-
-
total
602
780
-
-
Dividends
1 211
1 570
-
-
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
299
389
-
-
total
315
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 044
1 190
919
1 251
After tax
1 306
1 160
1 431
1 099
Living cost
409
409
409
409
Free-cash
897
751
1 022
690

Estimated living cost  is £409 per week

£299
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.
£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 Munich model

Close
Nice , France
£931
£859
£878
£950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
485
surtax
-
-
-
-
pensions
-
-
-
345
other
-
-
-
73
total
-
-
-
1 094
Employee
382
-
1 778
-
pensions
43
-
141
-
social contributions
11
-
51
-
income
23
-
420
-
surtax
-
-
-
-
total
77
-
612
-
Employer
382
-
1 778
-
pensions
63
-
234
-
other
13
-
77
-
health
27
-
185
-
unemployment
15
-
72
-
social contributions
1
-
5
-
total
119
-
573
-
Corporate
1 848
2 350
-
-
income
518
658
-
-
surtax
-
-
-
-
total
518
658
-
-
Dividends
1 331
1 692
-
-
surtax
-
-
-
-
social contributions
229
291
-
-
withholding
170
217
-
-
total
399
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 113
1 166
1 185
1 094
After tax
1 237
1 184
1 165
1 256
Living cost
306
306
306
306
Free-cash
931
878
859
950

Estimated living cost  is £306 per week

£193
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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£957
£890
£909
£981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
485
surtax
-
-
-
-
pensions
-
-
-
345
other
-
-
-
73
total
-
-
-
1 094
Employee
341
-
1 778
-
pensions
39
-
141
-
social contributions
10
-
51
-
income
18
-
420
-
surtax
-
-
-
-
total
67
-
612
-
Employer
341
-
1 778
-
pensions
56
-
234
-
other
12
-
77
-
health
24
-
185
-
unemployment
14
-
72
-
social contributions
1
-
5
-
total
107
-
573
-
Corporate
1 902
2 350
-
-
income
533
658
-
-
surtax
-
-
-
-
total
533
658
-
-
Dividends
1 370
1 692
-
-
surtax
-
-
-
-
social contributions
236
291
-
-
withholding
175
217
-
-
total
411
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 118
1 166
1 185
1 094
After tax
1 232
1 184
1 165
1 256
Living cost
275
275
275
275
Free-cash
957
909
890
981

Estimated living cost  is £275 per week

£160
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.
£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 Marseille model

Close
Vilnius , Lithuania
£1250
£677
£1244
£1320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
324
health
-
-
-
164
income
-
-
-
353
total
-
-
-
841
Employee
303
-
2 350
-
health
21
-
164
-
social contributions
42
-
324
-
income
50
-
996
-
total
113
-
1 484
-
Employer
303
-
2 350
-
total
-
-
-
-
Corporate
2 047
2 350
-
-
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%.

102
118
-
-
total
102
118
-
-
Dividends
1 945
2 232
-
-
health
136
156
-
-
social contributions
268
308
-
-
withholding
292
335
-
-
total
696
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
911
917
1 484
841
After tax
1 439
1 433
866
1 509
Living cost
189
189
189
189
Free-cash
1 250
1 244
677
1 320

Estimated living cost  is £189 per week

£127
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.
£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 Vilnius model

Close
Vienna , Austria
£965
£294
£977
£883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
80
surtax
-
-
-
2
income
-
-
-
813
chamber of commerce
-
-
-
9
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
1 152
Employee
446
356
1 980
-
unemployment
13
11
31
-
pensions
46
36
107
-
health
17
14
40
-
income
51
26
697
-
other
4
4
10
-
total
131
91
885
-
Employer
446
356
1 980
-
chamber of commerce
2
1
8
-
pensions
56
45
131
-
other
21
17
86
-
health
17
13
39
-
unemployment
13
11
31
-
accident
6
5
14
-
surtax
2
2
2
-
payroll
13
11
59
-
total
130
105
370
-
Corporate
1 774
1 890
1 946
-
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.

443
472
486
-
total
443
472
486
-
Dividends
1 330
1 417
-
-
withholding
366
390
-
-
total
366
390
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 070
1 058
1 741
1 152
After tax
1 280
1 292
609
1 198
Living cost
315
315
315
315
Free-cash
965
977
294
883

Estimated living cost  is £315 per week

£210
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.
£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

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
£854
£457
£944
£697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
223
communal

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

-
-
-
128
national
-
-
-
976
total
-
-
-
1 327
Employee

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

639
-
1 820
-
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.

6
-
16
-
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.

48
-
137
-
national
196
-
703
-
health

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

30
-
86
-
communal

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

33
-
95
-
total
313
-
1 037
-
Employer

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

639
-
1 820
-
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.

57
-
161
-
health

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

39
-
112
-
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
-
27
-
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
-
24
-
surtax
72
-
206
-
total
185
-
530
-
Corporate
1 525
2 350
-
-
income
305
529
-
-
surtax
6
11
-
-
total
311
540
-
-
Dividends
1 214
1 810
-
-
withholding

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

361
540
-
-
total
361
540
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 170
1 080
1 567
1 327
After tax
1 180
1 270
783
1 023
Living cost
326
326
326
326
Free-cash
854
944
457
697

Estimated living cost  is £326 per week

£210
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.
£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 Brussels model

Close
Barcelona , Spain
£1173
£950
£1235
£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
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
792
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
444
-
2 086
-
unemployment
7
-
13
-
pensions
21
-
39
-
income
94
-
761
-
other
-
-
1
-
total
122
-
814
-
Employer
444
-
2 086
-
pensions
105
-
195
-
other
4
-
7
-
unemployment
24
-
46
-
accident
9
-
16
-
total
142
-
264
-
Corporate
1 764
2 350
-
-
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.

265
353
-
-
total
265
353
-
-
Dividends
1 499
1 997
-
-
withholding
326
440
-
-
total
326
440
-
-
Income
2 350
2 350
2 350
2 350
Total tax
855
793
1 078
1 040
After tax
1 495
1 557
1 272
1 310
Living cost
322
322
322
322
Free-cash
1 173
1 235
950
988

Estimated living cost  is £322 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£694
£682
£815
£619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
18
health
-
-
-
148
income
-
-
-
495
surtax
-
-
-
120
pensions
-
-
-
316
communal
-
-
-
149
total
-
-
-
1 246
Employee
676
-
2 099
-
pensions
54
-
168
-
health
30
-
93
-
income
65
-
542
-
surtax
41
-
129
-
total
190
-
932
-
Employer
676
-
2 099
-
pensions
54
-
168
-
health
21
-
64
-
accident
6
-
19
-
total
81
-
251
-
Corporate
1 593
2 350
-
-
income
239
353
-
-
communal
108
159
-
-
surtax
17
25
-
-
total
364
537
-
-
Dividends
1 230
1 814
-
-
income
352
241
-
-
withholding
184
272
-
-
total
536
513
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 171
1 050
1 183
1 246
After tax
1 179
1 300
1 167
1 104
Living cost
485
485
485
485
Free-cash
694
815
682
619

Estimated living cost  is £485 per week

£364
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.
£87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1249
£847
£1277
£901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
85
income
-
-
-
786
surtax
-
-
-
137
pensions
-
-
-
238
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
1 248
Employee
301
-
2 099
-
unemployment
21
-
83
-
pensions
20
-
79
-
health
8
-
30
-
income
50
-
732
-
other
-
-
-
-
surtax
1
-
127
-
total
100
-
1 051
-
Employer
301
-
2 099
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
unemployment
10
-
38
-
total
64
-
251
-
Corporate
1 986
2 350
-
-
income
516
611
-
-
total
516
611
-
-
Dividends
1 470
1 739
-
-
withholding
220
261
-
-
total
220
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
900
872
1 302
1 248
After tax
1 450
1 478
1 048
1 102
Living cost
201
201
201
201
Free-cash
1 249
1 277
847
901

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

Source of data for Athens model

Close
Naples , Italy
£974
£830
£994
£905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
447
municipal
-
-
-
15
regional
-
-
-
39
national
-
-
-
703
total
-
-
-
1 204
Employee
495
-
2 350
-
regional
7
-
36
-
municipal
3
-
14
-
national
78
-
643
-
social contributions
167
-
586
-
total
255
-
1 279
-
Employer
495
-
2 350
-
total
-
-
-
-
Corporate
1 855
2 350
-
-
municipal
92
117
-
-
nationa
445
564
-
-
total
537
681
-
-
Dividends
1 317
1 669
-
-
withholding
343
434
-
-
total
343
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 135
1 115
1 279
1 204
After tax
1 215
1 235
1 071
1 146
Living cost
241
241
241
241
Free-cash
974
994
830
905

Estimated living cost  is £241 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1249
£1034
£1345
£1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
319
health
-
-
-
317
income
-
-
-
257
solidarity contribution
-
-
-
43
total
-
-
-
936
Employee
402
-
1 905
-
solidarity contribution
-
-
34
-
health
54
-
257
-
social contributions
26
-
71
-
income
48
-
237
-
total
128
-
599
-
Employer
402
-
1 905
-
health
36
-
171
-
social contributions
100
-
273
-
total
136
-
444
-
Corporate
1 811
2 350
-
-
income
344
446
-
-
total
344
446
-
-
Dividends
1 467
1 904
-
-
withholding
220
286
-
-
total
220
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
828
732
1 043
936
After tax
1 522
1 618
1 307
1 414
Living cost
273
273
273
273
Free-cash
1 249
1 345
1 034
1 141

Estimated living cost  is £273 per week

£203
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£1002
£324
£1008
£915
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
80
surtax
-
-
-
-
income
-
-
-
813
chamber of commerce
-
-
-
9
pensions
-
-
-
193
unemployment
-
-
-
55
total
-
-
-
1 150
Employee
390
356
1 981
-
unemployment
12
11
31
-
pensions
40
36
107
-
health
15
14
40
-
income
35
26
698
-
other
4
4
10
-
total
106
91
886
-
Employer
390
356
1 981
-
chamber of commerce
2
1
8
-
pensions
49
45
131
-
other
19
17
86
-
health
15
13
39
-
unemployment
12
11
31
-
accident
5
5
14
-
surtax
-
-
-
-
payroll
12
11
59
-
total
114
103
368
-
Corporate
1 847
1 892
1 947
-
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.

462
473
487
-
total
462
473
487
-
Dividends
1 385
1 419
-
-
withholding
381
390
-
-
total
381
390
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 063
1 057
1 741
1 150
After tax
1 287
1 293
609
1 200
Living cost
285
285
285
285
Free-cash
1 002
1 008
324
915

Estimated living cost  is £285 per week

£171
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.
£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

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
£2096
£1765
£2118
£2211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
144
-
2 350
-
income
29
-
470
-
total
29
-
470
-
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%.

2 206
2 350
-
-
total
-
-
-
-
Dividends
2 206
2 350
-
-
withholding
110
117
-
-
total
110
117
-
-
Income
2 350
2 350
2 350
2 350
Total tax
139
117
470
24
After tax
2 211
2 233
1 880
2 326
Living cost
115
115
115
115
Free-cash
2 096
2 118
1 765
2 211

Estimated living cost  is £115 per week

£78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1303
£765
£1377
£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

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.

-
-
-
2 350
health
-
-
-
231
income
-
-
-
631
pensions
-
-
-
429
unemployment
-
-
-
4
total
-
-
-
1 295
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.

395
-
2 033
-
unemployment
1
-
3
-
pensions
61
-
315
-
health
26
-
131
-
income
68
-
580
-
total
156
-
1 029
-
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.

395
-
2 033
-
pensions
35
-
180
-
health
26
-
135
-
unemployment
-
-
1
-
total
61
-
316
-
Corporate
1 894
2 350
-
-
income
360
447
-
-
total
360
447
-
-
Dividends
1 534
1 903
-
-
withholding
230
286
-
-
total
230
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
807
733
1 345
1 295
After tax
1 543
1 617
1 005
1 055
Living cost
240
240
240
240
Free-cash
1 303
1 377
765
815

Estimated living cost  is £240 per week

£164
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£620
£1848
£1045
£1239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
268
income
-
-
-
458
total
-
-
-
726
Employee
552
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
552
-
-
-
social contributions
778
-
111
-
total
778
-
111
-
Corporate
1 021
2 350
-
-
income
225
517
-
-
total
225
517
-
-
Dividends
796
1 833
-
-
income
175
403
-
-
total
175
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 345
920
117
726
After tax
1 005
1 430
2 233
1 624
Living cost
385
385
385
385
Free-cash
620
1 045
1 848
1 239

Estimated living cost  is £385 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1048
£733
£1057
£928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
social contributions

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

-
-
-
817
income
-
-
-
325
surtax
-
-
-
-
total
-
-
-
1 142
Employee
411
-
1 899
-
social contributions
45
-
209
-
income
85
-
669
-
surtax
-
-
8
-
total
130
-
886
-
Employer
411
-
1 899
-
social contributions
98
-
451
-
total
98
-
451
-
Corporate
1 842
2 350
-
-
income
387
493
-
-
surtax
-
-
-
-
total
387
493
-
-
Dividends
1 455
1 857
-
-
withholding
407
520
-
-
total
407
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 022
1 013
1 337
1 142
After tax
1 328
1 337
1 013
1 208
Living cost
280
280
280
280
Free-cash
1 048
1 057
733
928

Estimated living cost  is £280 per week

£210
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£815
£734
£753
£825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
485
surtax
-
-
-
-
pensions
-
-
-
345
other
-
-
-
73
total
-
-
-
1 094
Employee
559
-
1 778
-
pensions
63
-
141
-
social contributions
16
-
51
-
income
49
-
420
-
surtax
-
-
-
-
total
128
-
612
-
Employer
559
-
1 778
-
pensions
92
-
234
-
other
19
-
77
-
health
39
-
185
-
unemployment
23
-
72
-
social contributions
2
-
5
-
total
175
-
573
-
Corporate
1 616
2 350
-
-
income
452
658
-
-
surtax
-
-
-
-
total
452
658
-
-
Dividends
1 164
1 692
-
-
surtax
-
-
-
-
social contributions
200
291
-
-
withholding
149
217
-
-
total
349
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 104
1 166
1 185
1 094
After tax
1 246
1 184
1 165
1 256
Living cost
431
431
431
431
Free-cash
815
753
734
825

Estimated living cost  is £431 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1817
£1499
£1847
£1436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
517
income
-
-
-
129
total
-
-
-
646
Employee
287
-
2 035
-
social contributions
19
-
132
-
income
-
-
136
-
total
19
-
268
-
Employer
287
-
2 035
-
social contributions
44
-
315
-
total
44
-
315
-
Corporate
2 018
2 350
-
-
income
202
235
-
-
total
202
235
-
-
Dividends
1 817
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
265
235
583
646
After tax
2 085
2 115
1 767
1 704
Living cost
268
268
268
268
Free-cash
1 817
1 847
1 499
1 436

Estimated living cost  is £268 per week

£174
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.
£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

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
£201
£405
£405
£911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
513
pensions
-
-
-
8
labour market
-
-
-
187
national
-
-
-
301
total
-
-
-
1 009
Employee
1 814
1 814
1 814
-
pensions
3
3
3
-
municipal
386
386
386
-
national
222
222
222
-
labour market
145
145
145
-
total
756
756
756
-
Employer
1 814
1 814
1 814
-
municipal
387
387
387
-
pensions
5
5
5
-
national
222
222
222
-
labour market
145
145
145
-
total
759
759
759
-
Corporate
406
-
-
-
income
89
-
-
-
total
89
-
-
-
Dividends
317
-
-
-
withholding
115
-
-
-
total
115
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 719
1 515
1 515
1 009
After tax
631
835
835
1 341
Living cost
430
430
430
430
Free-cash
201
405
405
911

Estimated living cost  is £430 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£160
£1107
-£6
£1408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
683
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
746
Employee
309
-
2 161
-
pensions
35
-
69
-
health
35
-
247
-
income
42
-
542
-
total
112
-
858
-
Employer
309
-
2 161
-
pensions
50
-
100
-
unemployment
8
-
53
-
accident
5
-
36
-
total
63
-
189
-
Corporate
1 978
2 350
-
-
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.

1 781
2 115
-
-
total
1 781
2 115
-
-
Dividends
198
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 994
2 160
1 047
746
After tax
356
190
1 303
1 604
Living cost
196
196
196
196
Free-cash
160
-6
1 107
1 408

Estimated living cost  is £196 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Krakow model

Close
Helsinki , Finland
£1108
£790
£1069
£1060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 350
health
-
-
-
32
municipal
-
-
-
417
national
-
-
-
498
total
-
-
-
947
Employee
470
-
1 977
-
unemployment
7
-
30
-
pensions
32
-
133
-
municipal
77
-
322
-
national
8
-
332
-
health
4
-
27
-
total
128
-
844
-
Employer
470
-
1 977
-
pensions
82
-
343
-
health
4
-
15
-
unemployment
3
-
13
-
accident
-
-
2
-
total
89
-
373
-
Corporate
1 792
2 350
-
-
income
358
470
-
-
total
358
470
-
-
Dividends

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

1 075
1 410
-
-
national
131
214
-
-
municipal
193
254
-
-
total
324
468
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
938
1 217
947
After tax
1 451
1 412
1 133
1 403
Living cost
343
343
343
343
Free-cash
1 108
1 069
790
1 060

Estimated living cost  is £343 per week

£224
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.
£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

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
£1456
£1342
£1504
£1361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
144
health
-
-
-
60
income
-
-
-
578
total
-
-
-
782
Employee
687
687
2 232
-
health
5
12
38
-
social contributions
26
57
77
-
income
75
64
568
-
total
106
133
683
-
Employer
687
687
2 232
-
health
6
13
41
-
social contributions
26
57
77
-
total
32
70
118
-
Corporate
2 005
1 594
-
-
income
251
199
-
-
total
251
199
-
-
Dividends
1 755
1 394
-
-
withholding
298
237
-
-
total
298
237
-
-
Income
2 350
2 350
2 350
2 350
Total tax
687
639
801
782
After tax
1 663
1 711
1 549
1 568
Living cost
207
207
207
207
Free-cash
1 456
1 504
1 342
1 361

Estimated living cost  is £207 per week

£124
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£1759
£1695
£1805
£1873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 350
health
-
-
-
32
income
-
-
-
246
pensions
-
-
-
57
unemployment
-
-
-
-
total
-
-
-
335
Employee

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

205
-
2 263
-
unemployment
1
-
4
-
pensions
31
-
127
-
health
17
-
72
-
income
14
-
223
-
total
63
-
426
-
Employer

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

205
-
2 263
-
pensions
11
-
47
-
health
9
-
36
-
unemployment
1
-
4
-
total
21
-
87
-
Corporate
2 124
2 350
-
-
income
191
211
-
-
total
191
211
-
-
Dividends
1 933
2 139
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
449
403
513
335
After tax
1 901
1 947
1 837
2 015
Living cost
142
142
142
142
Free-cash
1 759
1 805
1 695
1 873

Estimated living cost  is £142 per week

£90
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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1271
£1026
£1311
£1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
792
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
330
-
2 086
-
unemployment
5
-
13
-
pensions
16
-
39
-
income
64
-
761
-
other
-
-
1
-
total
85
-
814
-
Employer
330
-
2 086
-
pensions
78
-
195
-
other
3
-
7
-
unemployment
18
-
46
-
accident
7
-
16
-
total
106
-
264
-
Corporate
1 915
2 350
-
-
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.

287
353
-
-
total
287
353
-
-
Dividends
1 627
1 997
-
-
withholding
355
440
-
-
total
355
440
-
-
Income
2 350
2 350
2 350
2 350
Total tax
833
793
1 078
1 040
After tax
1 517
1 557
1 272
1 310
Living cost
246
246
246
246
Free-cash
1 271
1 311
1 026
1 064

Estimated living cost  is £246 per week

£166
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.
£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

Source of data for Valencia model

Close
Istanbul , Turkey
£1446
£1499
£1449
£1500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
9
income
-
-
-
811
pensions
-
-
-
13
total
-
-
-
833
Employee
26
-
2 336
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
1
-
3
-
income
5
-
810
-
total
8
-
820
-
Employer
26
-
2 336
-
pensions
3
-
7
-
health
3
-
6
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
2 318
2 350
-
-
income
510
517
-
-
total
510
517
-
-
Dividends
1 808
1 833
-
-
withholding
362
367
-
-
total
362
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
887
884
834
833
After tax
1 463
1 466
1 516
1 517
Living cost
17
17
17
17
Free-cash
1 446
1 449
1 499
1 500

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1499
£1397
£1544
£1396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
health
-
-
-
68
income
-
-
-
550
pensions
-
-
-
172
unemployment
-
-
-
10
total
-
-
-
800
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.

233
-
2 232
-
unemployment
2
-
5
-
pensions
33
-
92
-
health
12
-
34
-
income
32
-
550
-
total
79
-
681
-
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.

233
-
2 232
-
pensions
28
-
79
-
health
12
-
34
-
unemployment
2
-
5
-
total
42
-
118
-
Corporate
2 076
2 350
-
-
income
311
352
-
-
total
311
352
-
-
Dividends
1 764
1 998
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
697
652
799
800
After tax
1 653
1 698
1 551
1 550
Living cost
154
154
154
154
Free-cash
1 499
1 544
1 397
1 396

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£1093
£772
£1096
£967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 350
social contributions

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

-
-
-
817
income
-
-
-
325
surtax
-
-
-
-
total
-
-
-
1 142
Employee
347
-
1 899
-
social contributions
38
-
209
-
income
68
-
669
-
surtax
-
-
8
-
total
106
-
886
-
Employer
347
-
1 899
-
social contributions
82
-
451
-
total
82
-
451
-
Corporate
1 921
2 350
-
-
income
403
493
-
-
surtax
-
-
-
-
total
403
493
-
-
Dividends
1 518
1 857
-
-
withholding
425
520
-
-
total
425
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 016
1 013
1 337
1 142
After tax
1 334
1 337
1 013
1 208
Living cost
241
241
241
241
Free-cash
1 093
1 096
772
967

Estimated living cost  is £241 per week

£171
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1185
£958
£1243
£996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
792
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
431
-
2 086
-
unemployment
7
-
13
-
pensions
20
-
39
-
income
90
-
761
-
other
-
-
1
-
total
117
-
814
-
Employer
431
-
2 086
-
pensions
102
-
195
-
other
3
-
7
-
unemployment
24
-
46
-
accident
9
-
16
-
total
138
-
264
-
Corporate
1 781
2 350
-
-
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.

267
353
-
-
total
267
353
-
-
Dividends
1 514
1 997
-
-
withholding
329
440
-
-
total
329
440
-
-
Income
2 350
2 350
2 350
2 350
Total tax
851
793
1 078
1 040
After tax
1 499
1 557
1 272
1 310
Living cost
314
314
314
314
Free-cash
1 185
1 243
958
996

Estimated living cost  is £314 per week

£225
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.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1802
£1862
£1855
£1760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
36
income
-
-
-
353
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
436
Employee
203
-
2 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
health
9
-
14
-
income
20
-
229
-
total
49
-
273
-
Employer
203
-
2 289
-
pensions

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

22
-
34
-
health
14
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
61
-
Corporate
2 107
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 896
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
394
341
334
436
After tax
1 956
2 009
2 016
1 914
Living cost
154
154
154
154
Free-cash
1 802
1 855
1 862
1 760

Estimated living cost  is £154 per week

£102
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.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£980
£1086
£863
£808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
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.

-
-
-
61
trade
-
-
-
278
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.

-
-
-
813
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.

-
-
-
45
total
-
-
-
1 197
Employee

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

444
-
2 350
-
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.

61
-
61
-
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.

37
-
813
-
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
-
45
-
total
100
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 906
2 350
-
-
income
286
353
-
-
chamber of commerce
4
5
-
-
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
-
-
trade
273
337
-
-
total
579
714
-
-
Dividends
1 326
1 636
-
-
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
328
406
-
-
total
346
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 025
1 142
919
1 197
After tax
1 325
1 208
1 431
1 153
Living cost
345
345
345
345
Free-cash
980
863
1 086
808

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1156
£639
£1136
£639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
410
income
-
-
-
792
total
-
-
-
1 202
Employee
698
-
2 350
-
social contributions
58
-
410
-
income
132
-
792
-
total
190
-
1 202
-
Employer
698
-
2 350
-
total
-
-
-
-
Corporate
1 652
2 350
-
-
income
206
294
-
-
total
206
294
-
-
Dividends
1 445
2 056
-
-
withholding
289
411
-
-
total
289
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
705
1 202
1 202
After tax
1 665
1 645
1 148
1 148
Living cost
509
509
509
509
Free-cash
1 156
1 136
639
639

Estimated living cost  is £509 per week

£387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£1188
£1300
£1157
£1618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
income
-
-
-
353
health

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

-
-
-
55
total
-
-
-
408
Employee
410
-
2 309
-
social contributions
41
-
41
-
income
44
-
644
-
total
85
-
685
-
Employer
410
-
2 309
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 899
2 350
-
-
income
665
822
-
-
total
665
822
-
-
Dividends
1 235
1 528
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
869
726
408
After tax
1 512
1 481
1 624
1 942
Living cost
324
324
324
324
Free-cash
1 188
1 157
1 300
1 618

Estimated living cost  is £324 per week

£214
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.
£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 Sliema model

Close
Edinburgh , United Kingdom
£1178
£964
£1127
£1173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
758
pensions
-
-
-
95
total
-
-
-
853
Employee
445
-
2 045
-
pensions
34
-
111
-
health
6
-
27
-
income
81
-
619
-
total
121
-
757
-
Employer
445
-
2 045
-
pensions
45
-
266
-
health
8
-
39
-
total
53
-
305
-
Corporate
1 851
2 350
-
-
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.

352
446
-
-
total
352
446
-
-
Dividends
1 500
1 904
-
-
withholding
322
453
-
-
total
322
453
-
-
Income
2 350
2 350
2 350
2 350
Total tax
848
899
1 062
853
After tax
1 502
1 451
1 288
1 497
Living cost
324
324
324
324
Free-cash
1 178
1 127
964
1 173

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
£156
£1087
-£26
£1388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
683
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
746
Employee
339
-
2 161
-
pensions
38
-
69
-
health
39
-
247
-
income
47
-
542
-
total
124
-
858
-
Employer
339
-
2 161
-
pensions
55
-
100
-
unemployment
8
-
53
-
accident
6
-
36
-
total
69
-
189
-
Corporate
1 942
2 350
-
-
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.

1 748
2 115
-
-
total
1 748
2 115
-
-
Dividends
194
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 978
2 160
1 047
746
After tax
372
190
1 303
1 604
Living cost
216
216
216
216
Free-cash
156
-26
1 087
1 388

Estimated living cost  is £216 per week

£158
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.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1650
£1633
£1677
£1437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 350
income
-
-
-
399
health insurance
-
-
-
106
pensions
-
-
-
263
unemployment
-
-
-
17
work injury
-
-
-
7
total
-
-
-
792
Employee

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

193
-
2 350
-
unemployment
2
-
9
-
pensions
36
-
131
-
work injury
1
-
4
-
income
19
-
399
-
health insurance
14
-
53
-
total
72
-
596
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 157
2 350
-
-
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%.

216
235
-
-
total
216
235
-
-
Dividends
1 941
2 115
-
-
withholding
291
317
-
-
total
291
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
579
552
596
792
After tax
1 771
1 798
1 754
1 558
Living cost
121
121
121
121
Free-cash
1 650
1 677
1 633
1 437

Estimated living cost  is £121 per week

£75
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
£842
£693
£882
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
447
municipal
-
-
-
17
regional
-
-
-
60
national
-
-
-
703
total
-
-
-
1 227
Employee
752
-
2 350
-
regional
11
-
56
-
municipal
4
-
16
-
national
127
-
643
-
social contributions
254
-
586
-
total
396
-
1 301
-
Employer
752
-
2 350
-
total
-
-
-
-
Corporate
1 598
2 350
-
-
municipal
77
113
-
-
nationa
383
564
-
-
total
460
677
-
-
Dividends
1 137
1 673
-
-
withholding
296
435
-
-
total
296
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 112
1 301
1 227
After tax
1 198
1 238
1 049
1 123
Living cost
356
356
356
356
Free-cash
842
882
693
767

Estimated living cost  is £356 per week

£250
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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