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
£1163
£916
£858
£1013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
60
income

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

-
-
-
814
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
trade
-
-
-
305
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.

338
-
2 350
-
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
-
income

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

9
-
814
-
health

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

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

60
-
60
-
total
70
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 012
2 350
-
-
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
317
370
-
-
income
302
353
-
-
total
640
747
-
-
Dividends
1 372
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
340
397
-
-
total
359
419
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 069
1 166
919
1 224
After tax
1 281
1 184
1 431
1 126
Living cost
268
268
268
268
Free-cash
1 013
916
1 163
858

Estimated living cost  is £268 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£864
£1000
£852
£993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
282
national
-
-
-
462
municipal
-
-
-
263
total
-
-
-
1 032
Employee
723
-
2 032
-
municipal
89
-
272
-
national
138
-
482
-
pensions
29
-
81
-
total
256
-
835
-
Employer
723
-
2 032
-
pensions
58
-
163
-
social contributions
8
-
22
-
total
66
-
185
-
Corporate
1 514
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%.

303
470
-
-
total
303
470
-
-
Dividends
1 211
1 880
-
-
withholding
266
414
-
-
total
266
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
891
884
1 020
1 032
After tax
1 459
1 466
1 330
1 318
Living cost
466
466
466
466
Free-cash
993
1 000
864
852

Estimated living cost  is £466 per week

£317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£856
£1696
£695
£1624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
339
income
-
-
-
533
surtax
-
-
-
599
microenterprise
-
-
-
-
total
-
-
-
1 471
Employee
258
-
1 888
-
surtax
-
-
274
-
social contributions

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

28
-
116
-
income
46
-
458
-
total
74
-
848
-
Employer
258
-
1 888
-
surtax
-
-
208
-
social contributions

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

62
-
254
-
total
62
-
462
-
Corporate
2 030
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%.

406
470
-
-
total
406
470
-
-
Dividends

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

1 624
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
542
470
1 310
1 471
After tax
1 808
1 880
1 040
879
Living cost
184
184
184
184
Free-cash
1 624
1 696
856
695

Estimated living cost  is £184 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1132
£803
£872
£751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
109
income
-
-
-
895
pensions
-
-
-
104
total
-
-
-
1 108
Employee
755
755
2 186
-
income

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

124
124
471
-
pensions
136
104
104
-
health
116
99
109
-
total
376
327
684
-
Employer
755
755
2 186
-
unemployment
27
27
34
-
health
52
52
65
-
pensions
53
53
65
-
total
132
132
164
-
Corporate
1 472
1 463
-
-
income
294
293
-
-
total
294
293
-
-
Dividends
1 178
1 170
-
-
income
250
249
-
-
withholding
177
176
-
-
total
427
425
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 229
1 177
848
1 108
After tax
1 121
1 173
1 502
1 242
Living cost
370
370
370
370
Free-cash
751
803
1 132
872

Estimated living cost  is £370 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£789
£921
£797
£912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
92
health
-
-
-
50
accident
-
-
-
2
pensions
-
-
-
86
national
-
-
-
328
unemployment
-
-
-
1
municipal
-
-
-
632
total
-
-
-
1 191
Employee
516
-
2 101
-
municipal
154
-
626
-
national
-
-
323
-
total
154
-
949
-
Employer
516
-
2 101
-
other
60
-
92
-
unemployment
14
-
21
-
health
32
-
49
-
accident
1
-
2
-
pensions
56
-
86
-
total
163
-
250
-
Corporate
1 672
2 350
-
-
income
368
517
-
-
total
368
517
-
-
Dividends
1 304
1 833
-
-
withholding
391
550
-
-
total
391
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 076
1 067
1 199
1 191
After tax
1 274
1 283
1 151
1 159
Living cost
362
362
362
362
Free-cash
912
921
789
797

Estimated living cost  is £362 per week

£240
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.
£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
£1084
£824
£765
£949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60
income

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

-
-
-
814
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
trade
-
-
-
319
total
-
-
-
1 238
Employee

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

448
-
2 350
-
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
-
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
-
814
-
health

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

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

60
-
60
-
total
101
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 902
2 350
-
-
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
313
387
-
-
income
285
353
-
-
total
618
764
-
-
Dividends
1 284
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
318
393
-
-
total
335
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 054
1 179
919
1 238
After tax
1 296
1 171
1 431
1 112
Living cost
347
347
347
347
Free-cash
949
824
1 084
765

Estimated living cost  is £347 per week

£232
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1261
£1425
£1279
£1389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
143
health
-
-
-
60
income
-
-
-
581
total
-
-
-
784
Employee
680
680
2 233
-
social contributions
33
56
76
-
income
71
63
571
-
health
7
12
38
-
total
111
131
685
-
Employer
680
680
2 233
-
health
7
13
41
-
social contributions
33
56
76
-
total
40
69
117
-
Corporate
1 912
1 601
-
-
income
239
200
-
-
total
239
200
-
-
Dividends
1 673
1 401
-
-
withholding
284
238
-
-
total
284
238
-
-
Income
2 350
2 350
2 350
2 350
Total tax
674
638
802
784
After tax
1 676
1 712
1 548
1 566
Living cost
287
287
287
287
Free-cash
1 389
1 425
1 261
1 279

Estimated living cost  is £287 per week

£196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1197
£1151
£1463
£1155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

240
95
1 967
-
income
29
12
240
-
pensions
24
10
197
-
health
17
7
138
-
unemployment
4
1
29
-
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.

240
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
£1142
£1667
£1046
£1612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
income
-
-
-
315
pensions
-
-
-
470
total
-
-
-
1 091
Employee
251
-
1 756
-
income
28
-
339
-
pensions
5
-
35
-
unemployment
4
-
28
-
total
37
-
402
-
Employer
251
-
1 756
-
unemployment
2
-
14
-
health
33
-
228
-
pensions
50
-
351
-
total
85
-
593
-
Corporate
2 014
2 350
-
-
income
403
470
-
-
total
403
470
-
-
Dividends
1 612
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
525
470
995
1 091
After tax
1 825
1 880
1 355
1 259
Living cost
214
214
214
214
Free-cash
1 612
1 667
1 142
1 046

Estimated living cost  is £214 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£1108
-£6
£1409
£160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
684
pensions
-
-
-
37
total
-
-
-
745
Employee
308
-
2 163
-
income
42
-
543
-
pensions
35
-
68
-
health
35
-
248
-
total
112
-
859
-
Employer
308
-
2 163
-
unemployment
8
-
53
-
accident
5
-
36
-
pensions
50
-
98
-
total
63
-
187
-
Corporate
1 979
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
1 046
745
After tax
356
190
1 304
1 605
Living cost
196
196
196
196
Free-cash
160
-6
1 108
1 409

Estimated living cost  is £196 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1807
£2159
£2253
£2146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
131
118
470
24
After tax
2 219
2 232
1 880
2 326
Living cost
73
73
73
73
Free-cash
2 146
2 159
1 807
2 253

Estimated living cost  is £73 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
£1211
£1491
£1229
£1432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
64
health
-
-
-
59
income
-
-
-
439
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.

-
-
-
323
total
-
-
-
885
Employee
321
-
2 006
-
income
55
-
433
-
pensions

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

22
-
94
-
health
4
-
19
-
unemployment
3
-
13
-
total
84
-
559
-
Employer
321
-
2 006
-
other
16
-
67
-
unemployment
3
-
13
-
health
4
-
19
-
accident
3
-
16
-
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
-
229
-
total
81
-
344
-
Corporate
1 948
2 350
-
-
income
409
493
-
-
total
409
493
-
-
Dividends
1 539
1 857
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
682
623
903
885
After tax
1 668
1 727
1 447
1 465
Living cost
236
236
236
236
Free-cash
1 432
1 491
1 211
1 229

Estimated living cost  is £236 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
149
-
619
-
health
14
-
27
-
pensions
80
-
111
-
total
243
-
757
-
Employer
826
-
2 045
-
health
16
-
39
-
pensions
98
-
266
-
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
£1903
£1895
£1802
£1854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
353
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
434
Employee
151
-
2 290
-
income
15
-
229
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
health
7
-
14
-
total
37
-
273
-
Employer
151
-
2 290
-
unemployment
1
-
2
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
total
30
-
60
-
Corporate
2 169
2 350
-
-
income
217
235
-
-
total
217
235
-
-
Dividends
1 952
2 115
-
-
withholding
98
106
-
-
total
98
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
382
341
333
434
After tax
1 968
2 009
2 017
1 916
Living cost
114
114
114
114
Free-cash
1 854
1 895
1 903
1 802

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£1012
£683
£752
£707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
109
income
-
-
-
895
pensions
-
-
-
104
total
-
-
-
1 108
Employee
820
755
2 186
-
income

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

124
124
471
-
pensions
104
104
104
-
health
102
99
109
-
total
330
327
684
-
Employer
820
755
2 186
-
unemployment
30
27
34
-
health
57
52
65
-
pensions
57
53
65
-
total
144
132
164
-
Corporate
1 387
1 463
-
-
income
277
293
-
-
total
277
293
-
-
Dividends
1 110
1 170
-
-
income
236
249
-
-
withholding
166
176
-
-
total
402
425
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 153
1 177
848
1 108
After tax
1 197
1 173
1 502
1 242
Living cost
490
490
490
490
Free-cash
707
683
1 012
752

Estimated living cost  is £490 per week

£362
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1091
£1399
£1198
£1322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
314
health
-
-
-
317
income
-
-
-
258
solidarity contribution
-
-
-
45
total
-
-
-
934
Employee
321
-
1 909
-
social contributions
21
-
70
-
solidarity contribution
-
-
35
-
income
39
-
237
-
health
43
-
258
-
total
103
-
600
-
Employer
321
-
1 909
-
health
29
-
172
-
social contributions
80
-
269
-
total
109
-
441
-
Corporate
1 920
2 350
-
-
income
365
447
-
-
total
365
447
-
-
Dividends
1 555
1 903
-
-
withholding
233
286
-
-
total
233
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
810
733
1 041
934
After tax
1 540
1 617
1 309
1 416
Living cost
218
218
218
218
Free-cash
1 322
1 399
1 091
1 198

Estimated living cost  is £218 per week

£152
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.
£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 Brno model

Close
Milan , Italy
£707
£880
£783
£836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
442
national
-
-
-
706
regional
-
-
-
31
municipal
-
-
-
15
total
-
-
-
1 194
Employee
786
-
2 350
-
social contributions
265
-
580
-
municipal
4
-
14
-
national
136
-
647
-
regional
7
-
29
-
total
412
-
1 270
-
Employer
786
-
2 350
-
total
-
-
-
-
Corporate
1 564
2 350
-
-
nationa
375
564
-
-
municipal
61
92
-
-
total
436
656
-
-
Dividends
1 128
1 694
-
-
withholding
293
441
-
-
total
293
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 141
1 097
1 270
1 194
After tax
1 209
1 253
1 080
1 156
Living cost
373
373
373
373
Free-cash
836
880
707
783

Estimated living cost  is £373 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Milan model

Close
Thessaloniki , Greece
£852
£1283
£906
£1257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
84
income
-
-
-
789
pensions
-
-
-
236
surtax
-
-
-
138
unemployment
-
-
-
2
total
-
-
-
1 249
Employee
292
-
2 102
-
surtax
1
-
128
-
income
49
-
736
-
other
-
-
-
-
pensions
19
-
79
-
health
7
-
30
-
unemployment
20
-
82
-
total
96
-
1 055
-
Employer
292
-
2 102
-
other
-
-
-
-
unemployment
9
-
37
-
health
13
-
54
-
pensions
39
-
157
-
total
61
-
248
-
Corporate
1 996
2 350
-
-
income
519
611
-
-
total
519
611
-
-
Dividends
1 477
1 739
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
872
1 303
1 249
After tax
1 452
1 478
1 047
1 101
Living cost
195
195
195
195
Free-cash
1 257
1 283
852
906

Estimated living cost  is £195 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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
100
-
619
-
health
8
-
27
-
pensions
47
-
111
-
total
155
-
757
-
Employer
554
-
2 045
-
health
11
-
39
-
pensions
60
-
266
-
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
£1067
£368
£1137
£671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
5
pensions
-
-
-
216
city
-
-
-
25
national
-
-
-
74
regional
-
-
-
140
total
-
-
-
507
Employee
826
-
2 122
-
national
4
-
61
-
city
9
-
23
-
pensions
69
-
158
-
health
2
-
5
-
regional
27
-
125
-
unemployment
-
-
-
-
total
111
-
372
-
Employer
826
-
2 122
-
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
-
unemployment
-
-
-
-
health
2
-
5
-
pensions
69
-
158
-
total
88
-
205
-
Corporate
1 427
2 350
-
-
regional
302
497
-
-
national
121
200
-
-
total
423
697
-
-
Dividends
1 004
1 653
-
-
withholding
351
579
-
-
total
351
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
706
706
706
706
Free-cash
671
368
1 067
1 137

Estimated living cost  is £706 per week

£459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£1026
£755
£693
£899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60
income

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

-
-
-
814
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
trade
-
-
-
333
total
-
-
-
1 252
Employee

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

531
-
2 350
-
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
-
income

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

62
-
814
-
health

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

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

60
-
60
-
total
125
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 819
2 350
-
-
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
312
403
-
-
income
273
353
-
-
total
604
780
-
-
Dividends
1 215
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.

17
21
-
-
withholding
300
389
-
-
total
317
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 046
1 190
919
1 252
After tax
1 304
1 160
1 431
1 098
Living cost
405
405
405
405
Free-cash
899
755
1 026
693

Estimated living cost  is £405 per week

£296
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.
£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
£861
£882
£953
£935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
73
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
488
pensions
-
-
-
343
surtax
-
-
-
-
total
-
-
-
1 095
Employee
378
-
1 777
-
surtax
-
-
-
-
social contributions
11
-
51
-
income
22
-
422
-
pensions
43
-
141
-
total
76
-
614
-
Employer
378
-
1 777
-
other
13
-
77
-
unemployment
15
-
72
-
health
26
-
185
-
pensions
62
-
234
-
social contributions
1
-
5
-
total
117
-
573
-
Corporate
1 854
2 350
-
-
surtax
-
-
-
-
income
519
658
-
-
total
519
658
-
-
Dividends
1 335
1 692
-
-
social contributions
230
291
-
-
surtax
-
-
-
-
withholding
171
217
-
-
total
401
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 113
1 166
1 187
1 095
After tax
1 237
1 184
1 163
1 255
Living cost
302
302
302
302
Free-cash
935
882
861
953

Estimated living cost  is £302 per week

£191
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.
£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 Nice model

Close
Marseille , France
£891
£912
£983
£961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
73
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
488
pensions
-
-
-
343
surtax
-
-
-
-
total
-
-
-
1 095
Employee
338
-
1 777
-
surtax
-
-
-
-
social contributions
10
-
51
-
income
17
-
422
-
pensions
38
-
141
-
total
65
-
614
-
Employer
338
-
1 777
-
other
12
-
77
-
unemployment
14
-
72
-
health
24
-
185
-
pensions
55
-
234
-
social contributions
1
-
5
-
total
106
-
573
-
Corporate
1 907
2 350
-
-
surtax
-
-
-
-
income
534
658
-
-
total
534
658
-
-
Dividends
1 373
1 692
-
-
social contributions
236
291
-
-
surtax
-
-
-
-
withholding
176
217
-
-
total
412
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 117
1 166
1 187
1 095
After tax
1 233
1 184
1 163
1 255
Living cost
272
272
272
272
Free-cash
961
912
891
983

Estimated living cost  is £272 per week

£158
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
£678
£1246
£1322
£1251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
300
-
2 350
-
social contributions
41
-
324
-
income
50
-
997
-
health
21
-
164
-
total
112
-
1 485
-
Employer
300
-
2 350
-
total
-
-
-
-
Corporate
2 050
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%.

103
118
-
-
total
103
118
-
-
Dividends
1 948
2 232
-
-
social contributions
269
308
-
-
withholding
292
335
-
-
health
136
156
-
-
total
697
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
912
917
1 485
841
After tax
1 438
1 433
865
1 509
Living cost
187
187
187
187
Free-cash
1 251
1 246
678
1 322

Estimated living cost  is £187 per week

£125
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£296
£979
£887
£969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79
income
-
-
-
817
chamber of commerce
-
-
-
9
pensions
-
-
-
191
surtax
-
-
-
2
unemployment
-
-
-
54
total
-
-
-
1 152
Employee
442
352
1 982
-
income
50
26
701
-
other
4
4
10
-
pensions
45
36
106
-
health
17
14
40
-
unemployment
13
11
31
-
total
129
91
888
-
Employer
442
352
1 982
-
other
21
17
86
-
unemployment
13
11
31
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
130
-
payroll
13
11
59
-
chamber of commerce
2
1
8
-
total
129
104
368
-
Corporate
1 779
1 895
1 948
-
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.

445
474
487
-
total
445
474
487
-
Dividends
1 335
1 421
-
-
withholding
367
391
-
-
total
367
391
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 070
1 060
1 743
1 152
After tax
1 280
1 290
607
1 198
Living cost
311
311
311
311
Free-cash
969
979
296
887

Estimated living cost  is £311 per week

£208
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.
£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

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
£460
£947
£702
£858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
220
communal

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

-
-
-
128
national
-
-
-
978
total
-
-
-
1 326
Employee

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

632
-
1 820
-
national
194
-
704
-
pensions

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

47
-
137
-
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
-
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
-
total
310
-
1 038
-
Employer

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

632
-
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.

9
-
27
-
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
-
surtax
72
-
206
-
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
-
pensions

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

56
-
161
-
total
184
-
530
-
Corporate
1 534
2 350
-
-
surtax
6
11
-
-
income
307
531
-
-
total
313
542
-
-
Dividends
1 221
1 809
-
-
withholding

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

363
539
-
-
total
363
539
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 170
1 081
1 568
1 326
After tax
1 180
1 269
782
1 024
Living cost
322
322
322
322
Free-cash
858
947
460
702

Estimated living cost  is £322 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£953
£1237
£991
£1177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
794
pensions
-
-
-
232
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
440
-
2 089
-
income
93
-
764
-
other
-
-
1
-
pensions
21
-
39
-
unemployment
7
-
13
-
total
121
-
817
-
Employer
440
-
2 089
-
other
4
-
7
-
unemployment
24
-
45
-
accident
9
-
16
-
pensions
104
-
193
-
total
141
-
261
-
Corporate
1 770
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
1 504
1 997
-
-
withholding
327
441
-
-
total
327
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
854
794
1 078
1 040
After tax
1 496
1 556
1 272
1 310
Living cost
319
319
319
319
Free-cash
1 177
1 237
953
991

Estimated living cost  is £319 per week

£235
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
£685
£818
£623
£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
health
-
-
-
147
accident
-
-
-
18
income
-
-
-
499
pensions
-
-
-
313
communal
-
-
-
149
surtax
-
-
-
121
total
-
-
-
1 247
Employee
669
-
2 099
-
surtax
41
-
129
-
income
65
-
544
-
pensions
54
-
168
-
health
30
-
93
-
total
190
-
934
-
Employer
669
-
2 099
-
health
20
-
64
-
accident
6
-
19
-
pensions
54
-
168
-
total
80
-
251
-
Corporate
1 601
2 350
-
-
surtax
17
25
-
-
income
240
353
-
-
communal
108
159
-
-
total
365
537
-
-
Dividends
1 236
1 814
-
-
income
353
243
-
-
withholding
185
272
-
-
total
538
515
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 173
1 052
1 185
1 247
After tax
1 177
1 298
1 165
1 103
Living cost
480
480
480
480
Free-cash
697
818
685
623

Estimated living cost  is £480 per week

£360
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.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£848
£1279
£902
£1250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
84
income
-
-
-
789
pensions
-
-
-
236
surtax
-
-
-
138
unemployment
-
-
-
2
total
-
-
-
1 249
Employee
298
-
2 102
-
surtax
1
-
128
-
income
50
-
736
-
other
-
-
-
-
pensions
20
-
79
-
health
8
-
30
-
unemployment
21
-
82
-
total
100
-
1 055
-
Employer
298
-
2 102
-
other
-
-
-
-
unemployment
9
-
37
-
health
14
-
54
-
pensions
40
-
157
-
total
63
-
248
-
Corporate
1 990
2 350
-
-
income
517
611
-
-
total
517
611
-
-
Dividends
1 472
1 739
-
-
withholding
221
261
-
-
total
221
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
901
872
1 303
1 249
After tax
1 449
1 478
1 047
1 101
Living cost
199
199
199
199
Free-cash
1 250
1 279
848
902

Estimated living cost  is £199 per week

£120
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
£835
£997
£910
£978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
442
national
-
-
-
706
regional
-
-
-
39
municipal
-
-
-
15
total
-
-
-
1 202
Employee
490
-
2 350
-
social contributions
165
-
580
-
municipal
3
-
14
-
national
78
-
647
-
regional
7
-
36
-
total
253
-
1 277
-
Employer
490
-
2 350
-
total
-
-
-
-
Corporate
1 860
2 350
-
-
nationa
446
564
-
-
municipal
92
117
-
-
total
538
681
-
-
Dividends
1 321
1 669
-
-
withholding
343
434
-
-
total
343
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 134
1 115
1 277
1 202
After tax
1 216
1 235
1 073
1 148
Living cost
238
238
238
238
Free-cash
978
997
835
910

Estimated living cost  is £238 per week

£148
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
£1040
£1348
£1147
£1253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
314
health
-
-
-
317
income
-
-
-
258
solidarity contribution
-
-
-
45
total
-
-
-
934
Employee
395
-
1 909
-
social contributions
26
-
70
-
solidarity contribution
-
-
35
-
income
47
-
237
-
health
53
-
258
-
total
126
-
600
-
Employer
395
-
1 909
-
health
36
-
172
-
social contributions
99
-
269
-
total
135
-
441
-
Corporate
1 820
2 350
-
-
income
346
447
-
-
total
346
447
-
-
Dividends
1 474
1 903
-
-
withholding
221
286
-
-
total
221
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
828
733
1 041
934
After tax
1 522
1 617
1 309
1 416
Living cost
269
269
269
269
Free-cash
1 253
1 348
1 040
1 147

Estimated living cost  is £269 per week

£200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£326
£1010
£918
£1006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79
income
-
-
-
817
chamber of commerce
-
-
-
9
pensions
-
-
-
191
surtax
-
-
-
-
unemployment
-
-
-
54
total
-
-
-
1 150
Employee
386
352
1 983
-
income
34
26
702
-
other
4
4
10
-
pensions
40
36
106
-
health
15
14
40
-
unemployment
12
11
31
-
total
105
91
889
-
Employer
386
352
1 983
-
other
18
17
86
-
unemployment
12
11
31
-
health
15
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
130
-
payroll
12
11
59
-
chamber of commerce
2
1
8
-
total
112
102
366
-
Corporate
1 852
1 896
1 950
-
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.

463
474
487
-
total
463
474
487
-
Dividends
1 389
1 422
-
-
withholding
382
391
-
-
total
382
391
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 062
1 058
1 742
1 150
After tax
1 288
1 292
608
1 200
Living cost
282
282
282
282
Free-cash
1 006
1 010
326
918

Estimated living cost  is £282 per week

£169
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1766
£2118
£2212
£2097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
143
-
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%.

2 207
2 350
-
-
total
-
-
-
-
Dividends
2 207
2 350
-
-
withholding
110
118
-
-
total
110
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
139
118
470
24
After tax
2 211
2 232
1 880
2 326
Living cost
114
114
114
114
Free-cash
2 097
2 118
1 766
2 212

Estimated living cost  is £114 per week

£77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£766
£1381
£816
£1306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
633
pensions
-
-
-
429
unemployment
-
-
-
4
total
-
-
-
1 297
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.

391
-
2 033
-
income
67
-
582
-
pensions
61
-
315
-
health
25
-
131
-
unemployment
1
-
3
-
total
154
-
1 031
-
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.

391
-
2 033
-
unemployment
-
-
1
-
health
26
-
135
-
pensions
35
-
180
-
total
61
-
316
-
Corporate
1 898
2 350
-
-
income
361
446
-
-
total
361
446
-
-
Dividends
1 538
1 904
-
-
withholding
231
286
-
-
total
231
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
807
732
1 347
1 297
After tax
1 543
1 618
1 003
1 053
Living cost
237
237
237
237
Free-cash
1 306
1 381
766
816

Estimated living cost  is £237 per week

£163
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
£1825
£1028
£1222
£585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
268
income
-
-
-
458
total
-
-
-
726
Employee
576
-
-
-
social contributions
47
-
7
-
income
127
-
-
-
total
174
-
7
-
Employer
576
-
-
-
social contributions
812
-
116
-
total
812
-
116
-
Corporate
962
2 350
-
-
income
212
517
-
-
total
212
517
-
-
Dividends
750
1 833
-
-
income
165
403
-
-
total
165
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 363
920
123
726
After tax
987
1 430
2 227
1 624
Living cost
402
402
402
402
Free-cash
585
1 028
1 825
1 222

Estimated living cost  is £402 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£733
£1060
£930
£1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 143
Employee
407
-
1 899
-
surtax
-
-
9
-
social contributions
45
-
209
-
income
85
-
671
-
total
130
-
889
-
Employer
407
-
1 899
-
social contributions
97
-
451
-
total
97
-
451
-
Corporate
1 847
2 350
-
-
surtax
-
-
-
-
income
388
493
-
-
total
388
493
-
-
Dividends
1 459
1 857
-
-
withholding
409
520
-
-
total
409
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 024
1 013
1 340
1 143
After tax
1 326
1 337
1 010
1 207
Living cost
277
277
277
277
Free-cash
1 049
1 060
733
930

Estimated living cost  is £277 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£736
£757
£828
£817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
73
social contributions
-
-
-
67
health
-
-
-
124
income
-
-
-
488
pensions
-
-
-
343
surtax
-
-
-
-
total
-
-
-
1 095
Employee
554
-
1 777
-
surtax
-
-
-
-
social contributions
16
-
51
-
income
48
-
422
-
pensions
63
-
141
-
total
127
-
614
-
Employer
554
-
1 777
-
other
19
-
77
-
unemployment
22
-
72
-
health
39
-
185
-
pensions
91
-
234
-
social contributions
2
-
5
-
total
173
-
573
-
Corporate
1 623
2 350
-
-
surtax
-
-
-
-
income
455
658
-
-
total
455
658
-
-
Dividends
1 169
1 692
-
-
social contributions
201
291
-
-
surtax
-
-
-
-
withholding
150
217
-
-
total
351
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 106
1 166
1 187
1 095
After tax
1 244
1 184
1 163
1 255
Living cost
427
427
427
427
Free-cash
817
757
736
828

Estimated living cost  is £427 per week

£289
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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1500
£1849
£1437
£1820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
130
social contributions
-
-
-
517
total
-
-
-
647
Employee
284
-
2 035
-
income
-
-
137
-
social contributions
18
-
132
-
total
18
-
269
-
Employer
284
-
2 035
-
social contributions
44
-
315
-
total
44
-
315
-
Corporate
2 022
2 350
-
-
income
202
235
-
-
total
202
235
-
-
Dividends
1 820
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
264
235
584
647
After tax
2 086
2 115
1 766
1 703
Living cost
266
266
266
266
Free-cash
1 820
1 849
1 500
1 437

Estimated living cost  is £266 per week

£172
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.
£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

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
£426
£426
£915
£210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
187
pensions
-
-
-
8
national
-
-
-
302
municipal
-
-
-
513
total
-
-
-
1 010
Employee
1 794
1 794
1 794
-
labour market
143
143
143
-
municipal
382
382
382
-
national
219
219
219
-
pensions
3
3
3
-
total
747
747
747
-
Employer
1 794
1 794
1 794
-
national
220
220
220
-
labour market
144
144
144
-
pensions
5
5
5
-
municipal
383
383
383
-
total
752
752
752
-
Corporate
427
-
-
-
income
94
-
-
-
total
94
-
-
-
Dividends
333
-
-
-
withholding
122
-
-
-
total
122
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 715
1 499
1 499
1 010
After tax
635
851
851
1 340
Living cost
425
425
425
425
Free-cash
210
426
426
915

Estimated living cost  is £425 per week

£291
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.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1111
-£3
£1412
£161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
684
pensions
-
-
-
37
total
-
-
-
745
Employee
304
-
2 163
-
income
42
-
543
-
pensions
34
-
68
-
health
35
-
248
-
total
111
-
859
-
Employer
304
-
2 163
-
unemployment
7
-
53
-
accident
5
-
36
-
pensions
49
-
98
-
total
61
-
187
-
Corporate
1 984
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.

1 786
2 115
-
-
total
1 786
2 115
-
-
Dividends
198
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 996
2 160
1 046
745
After tax
354
190
1 304
1 605
Living cost
193
193
193
193
Free-cash
161
-3
1 111
1 412

Estimated living cost  is £193 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£792
£1071
£1061
£1113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33
national
-
-
-
500
municipal
-
-
-
417
total
-
-
-
950
Employee
465
-
1 977
-
municipal
76
-
322
-
national
8
-
334
-
pensions
31
-
133
-
health
3
-
27
-
unemployment
7
-
30
-
total
125
-
846
-
Employer
465
-
1 977
-
unemployment
3
-
13
-
health
4
-
15
-
accident
-
-
2
-
pensions
81
-
343
-
total
88
-
373
-
Corporate
1 797
2 350
-
-
income
359
470
-
-
total
359
470
-
-
Dividends

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

1 078
1 410
-
-
national
132
216
-
-
municipal
194
254
-
-
total
326
470
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
940
1 219
950
After tax
1 452
1 410
1 131
1 400
Living cost
339
339
339
339
Free-cash
1 113
1 071
792
1 061

Estimated living cost  is £339 per week

£222
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
£1343
£1507
£1361
£1458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
143
health
-
-
-
60
income
-
-
-
581
total
-
-
-
784
Employee
680
680
2 233
-
social contributions
26
56
76
-
income
74
63
571
-
health
5
12
38
-
total
105
131
685
-
Employer
680
680
2 233
-
health
6
13
41
-
social contributions
26
56
76
-
total
32
69
117
-
Corporate
2 009
1 601
-
-
income
251
200
-
-
total
251
200
-
-
Dividends
1 758
1 401
-
-
withholding
299
238
-
-
total
299
238
-
-
Income
2 350
2 350
2 350
2 350
Total tax
687
638
802
784
After tax
1 663
1 712
1 548
1 566
Living cost
205
205
205
205
Free-cash
1 458
1 507
1 343
1 361

Estimated living cost  is £205 per week

£123
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1699
£1806
£1876
£1762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
56
unemployment
-
-
-
-
total
-
-
-
334
Employee

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

203
-
2 264
-
income
14
-
224
-
pensions
30
-
126
-
health
17
-
71
-
unemployment
1
-
4
-
total
62
-
425
-
Employer

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

203
-
2 264
-
unemployment
1
-
4
-
health
9
-
36
-
pensions
11
-
46
-
total
21
-
86
-
Corporate
2 126
2 350
-
-
income
191
212
-
-
total
191
212
-
-
Dividends
1 935
2 138
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
448
404
511
334
After tax
1 902
1 946
1 839
2 016
Living cost
140
140
140
140
Free-cash
1 762
1 806
1 699
1 876

Estimated living cost  is £140 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
£1029
£1313
£1067
£1276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
794
pensions
-
-
-
232
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
327
-
2 089
-
income
63
-
764
-
other
-
-
1
-
pensions
15
-
39
-
unemployment
5
-
13
-
total
83
-
817
-
Employer
327
-
2 089
-
other
3
-
7
-
unemployment
18
-
45
-
accident
6
-
16
-
pensions
77
-
193
-
total
104
-
261
-
Corporate
1 919
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.

288
353
-
-
total
288
353
-
-
Dividends
1 631
1 997
-
-
withholding
356
441
-
-
total
356
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
831
794
1 078
1 040
After tax
1 519
1 556
1 272
1 310
Living cost
243
243
243
243
Free-cash
1 276
1 313
1 029
1 067

Estimated living cost  is £243 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1500
£1450
£1501
£1449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
812
pensions
-
-
-
12
total
-
-
-
833
Employee
25
-
2 337
-
income
5
-
811
-
pensions
2
-
5
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
820
-
Employer
25
-
2 337
-
unemployment
-
-
1
-
health
2
-
6
-
pensions
3
-
7
-
total
5
-
14
-
Corporate
2 320
2 350
-
-
income
510
517
-
-
total
510
517
-
-
Dividends
1 809
1 833
-
-
withholding
362
367
-
-
total
362
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
885
884
834
833
After tax
1 465
1 466
1 516
1 517
Living cost
16
16
16
16
Free-cash
1 449
1 450
1 500
1 501

Estimated living cost  is £16 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1399
£1544
£1399
£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

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
-
-
-
67
income
-
-
-
551
pensions
-
-
-
170
unemployment
-
-
-
10
total
-
-
-
798
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.

230
-
2 233
-
income
32
-
551
-
pensions
32
-
91
-
health
12
-
34
-
unemployment
2
-
5
-
total
78
-
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.

230
-
2 233
-
unemployment
2
-
5
-
health
12
-
34
-
pensions
28
-
78
-
total
42
-
117
-
Corporate
2 079
2 350
-
-
income
312
353
-
-
total
312
353
-
-
Dividends
1 767
1 997
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
697
653
798
798
After tax
1 653
1 697
1 552
1 552
Living cost
153
153
153
153
Free-cash
1 500
1 544
1 399
1 399

Estimated living cost  is £153 per week

£103
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
£772
£1099
£969
£1096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 143
Employee
343
-
1 899
-
surtax
-
-
9
-
social contributions
38
-
209
-
income
67
-
671
-
total
105
-
889
-
Employer
343
-
1 899
-
social contributions
81
-
451
-
total
81
-
451
-
Corporate
1 925
2 350
-
-
surtax
-
-
-
-
income
404
493
-
-
total
404
493
-
-
Dividends
1 521
1 857
-
-
withholding
426
520
-
-
total
426
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 016
1 013
1 340
1 143
After tax
1 334
1 337
1 010
1 207
Living cost
238
238
238
238
Free-cash
1 096
1 099
772
969

Estimated living cost  is £238 per week

£169
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
£961
£1245
£999
£1189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
794
pensions
-
-
-
232
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
427
-
2 089
-
income
89
-
764
-
other
-
-
1
-
pensions
20
-
39
-
unemployment
7
-
13
-
total
116
-
817
-
Employer
427
-
2 089
-
other
3
-
7
-
unemployment
23
-
45
-
accident
8
-
16
-
pensions
101
-
193
-
total
135
-
261
-
Corporate
1 787
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.

268
353
-
-
total
268
353
-
-
Dividends
1 519
1 997
-
-
withholding
331
441
-
-
total
331
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
850
794
1 078
1 040
After tax
1 500
1 556
1 272
1 310
Living cost
311
311
311
311
Free-cash
1 189
1 245
961
999

Estimated living cost  is £311 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1867
£1859
£1766
£1807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
35
income
-
-
-
353
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
434
Employee
199
-
2 290
-
income
20
-
229
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
273
-
Employer
199
-
2 290
-
unemployment
1
-
2
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
total
39
-
60
-
Corporate
2 112
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 901
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
393
341
333
434
After tax
1 957
2 009
2 017
1 916
Living cost
150
150
150
150
Free-cash
1 807
1 859
1 867
1 766

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£1090
£867
£812
£983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60
income

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

-
-
-
814
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
trade
-
-
-
278
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.

440
-
2 350
-
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
-
income

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

36
-
814
-
health

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

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

60
-
60
-
total
98
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 910
2 350
-
-
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
274
337
-
-
income
287
353
-
-
total
581
714
-
-
Dividends
1 330
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
329
406
-
-
total
347
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 026
1 142
919
1 197
After tax
1 324
1 208
1 431
1 153
Living cost
341
341
341
341
Free-cash
983
867
1 090
812

Estimated living cost  is £341 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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£642
£1141
£642
£1162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
794
social contributions
-
-
-
410
total
-
-
-
1 204
Employee
691
-
2 350
-
income
130
-
794
-
social contributions
57
-
410
-
total
187
-
1 204
-
Employer
691
-
2 350
-
total
-
-
-
-
Corporate
1 659
2 350
-
-
income
207
294
-
-
total
207
294
-
-
Dividends
1 451
2 056
-
-
withholding
290
411
-
-
total
290
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
684
705
1 204
1 204
After tax
1 666
1 645
1 146
1 146
Living cost
504
504
504
504
Free-cash
1 162
1 141
642
642

Estimated living cost  is £504 per week

£383
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
£1301
£1159
£1622
£1190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54
total
-
-
-
407
Employee
405
-
2 309
-
income
44
-
646
-
social contributions
41
-
41
-
total
85
-
687
-
Employer
405
-
2 309
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 904
2 350
-
-
income
666
823
-
-
total
666
823
-
-
Dividends
1 238
1 527
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 350
2 350
2 350
2 350
Total tax
839
870
728
407
After tax
1 511
1 480
1 622
1 943
Living cost
321
321
321
321
Free-cash
1 190
1 159
1 301
1 622

Estimated living cost  is £321 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
income
81
-
619
-
health
6
-
27
-
pensions
34
-
111
-
total
121
-
757
-
Employer
445
-
2 045
-
health
8
-
39
-
pensions
45
-
266
-
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
£1092
-£22
£1393
£158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
684
pensions
-
-
-
37
total
-
-
-
745
Employee
334
-
2 163
-
income
46
-
543
-
pensions
38
-
68
-
health
38
-
248
-
total
122
-
859
-
Employer
334
-
2 163
-
unemployment
8
-
53
-
accident
6
-
36
-
pensions
54
-
98
-
total
68
-
187
-
Corporate
1 948
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.

1 753
2 115
-
-
total
1 753
2 115
-
-
Dividends
195
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 980
2 160
1 046
745
After tax
370
190
1 304
1 605
Living cost
212
212
212
212
Free-cash
158
-22
1 092
1 393

Estimated living cost  is £212 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1638
£1679
£1444
£1653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
104
work injury
-
-
-
7
pensions
-
-
-
260
unemployment
-
-
-
17
total
-
-
-
787
Employee

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

191
-
2 350
-
income
19
-
399
-
work injury
1
-
4
-
health insurance
14
-
52
-
pensions
35
-
130
-
unemployment
2
-
8
-
total
71
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 159
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
1 943
2 115
-
-
withholding
291
317
-
-
total
291
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
578
552
593
787
After tax
1 772
1 798
1 757
1 563
Living cost
119
119
119
119
Free-cash
1 653
1 679
1 638
1 444

Estimated living cost  is £119 per week

£74
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
£699
£886
£772
£847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
442
national
-
-
-
706
regional
-
-
-
61
municipal
-
-
-
17
total
-
-
-
1 226
Employee
745
-
2 350
-
social contributions
251
-
580
-
municipal
4
-
16
-
national
126
-
647
-
regional
11
-
56
-
total
392
-
1 299
-
Employer
745
-
2 350
-
total
-
-
-
-
Corporate
1 605
2 350
-
-
nationa
385
564
-
-
municipal
77
113
-
-
total
462
677
-
-
Dividends
1 143
1 673
-
-
withholding
297
435
-
-
total
297
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 151
1 112
1 299
1 226
After tax
1 199
1 238
1 051
1 124
Living cost
352
352
352
352
Free-cash
847
886
699
772

Estimated living cost  is £352 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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