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
£1018
£1166
£859
£923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health

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

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

-
-
-
59
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.

-
-
-
819
trade
-
-
-
307
total
-
-
-
1 230
Employee

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

329
-
2 350
-
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
-
819
-
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
-
health

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

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

59
-
59
-
total
69
-
923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 021
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.

17
19
-
-
chamber of commerce
4
5
-
-
income
303
352
-
-
trade
318
370
-
-
total
642
746
-
-
Dividends
1 378
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
341
398
-
-
total
360
420
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 071
1 166
923
1 230
After tax
1 279
1 184
1 427
1 120
Living cost
261
261
261
261
Free-cash
1 018
923
1 166
859

Estimated living cost  is £261 per week

£164
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.
£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.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£983
£858
£846
£990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
459
pensions
-
-
-
282
municipal
-
-
-
262
social contributions
-
-
-
25
total
-
-
-
1 028
Employee
738
-
2 032
-
pensions
30
-
81
-
national
141
-
479
-
municipal
91
-
271
-
total
262
-
831
-
Employer
738
-
2 032
-
social contributions
8
-
22
-
pensions
59
-
163
-
total
67
-
185
-
Corporate
1 496
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%.

299
470
-
-
total
299
470
-
-
Dividends
1 197
1 880
-
-
withholding
263
414
-
-
total
263
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
891
884
1 016
1 028
After tax
1 459
1 466
1 334
1 322
Living cost
476
476
476
476
Free-cash
983
990
858
846

Estimated living cost  is £476 per week

£324
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.
£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.
£101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1629
£865
£704
£1701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
599
income
-
-
-
538
microenterprise
-
-
-
-
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.

-
-
-
330
total
-
-
-
1 467
Employee
252
-
1 894
-
income
45
-
463
-
surtax
-
-
275
-
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
-
113
-
total
73
-
851
-
Employer
252
-
1 894
-
social contributions

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

61
-
247
-
surtax
-
-
208
-
total
61
-
455
-
Corporate
2 038
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%.

408
470
-
-
total
408
470
-
-
Dividends

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

1 630
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
542
470
1 306
1 467
After tax
1 808
1 880
1 044
883
Living cost
179
179
179
179
Free-cash
1 629
1 701
865
704

Estimated living cost  is £179 per week

£114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£764
£1140
£878
£816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
pensions
-
-
-
101
health
-
-
-
106
income
-
-
-
904
total
-
-
-
1 111
Employee
735
735
2 190
-
income

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

120
120
481
-
pensions
132
101
101
-
health
113
96
106
-
total
365
317
688
-
Employer
735
735
2 190
-
unemployment
26
26
33
-
health
51
51
64
-
pensions
51
51
64
-
total
128
128
161
-
Corporate
1 495
1 486
-
-
income
299
297
-
-
total
299
297
-
-
Dividends
1 196
1 189
-
-
income
254
253
-
-
withholding
179
178
-
-
total
433
431
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 225
1 173
849
1 111
After tax
1 125
1 177
1 501
1 239
Living cost
361
361
361
361
Free-cash
764
816
1 140
878

Estimated living cost  is £361 per week

£256
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£931
£804
£812
£940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
341
pensions
-
-
-
81
health
-
-
-
47
municipal
-
-
-
636
other
-
-
-
87
total
-
-
-
1 195
Employee
489
-
2 114
-
national
-
-
337
-
municipal
146
-
630
-
total
146
-
967
-
Employer
489
-
2 114
-
accident
1
-
2
-
unemployment
13
-
20
-
health
30
-
46
-
pensions
53
-
81
-
other
57
-
87
-
total
154
-
236
-
Corporate
1 708
2 350
-
-
income
376
517
-
-
total
376
517
-
-
Dividends
1 332
1 833
-
-
withholding
400
550
-
-
total
400
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 076
1 067
1 203
1 195
After tax
1 274
1 283
1 147
1 155
Living cost
343
343
343
343
Free-cash
931
940
804
812

Estimated living cost  is £343 per week

£227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£953
£1089
£768
£834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
45
health

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

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

-
-
-
59
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.

-
-
-
819
trade
-
-
-
321
total
-
-
-
1 244
Employee

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

437
-
2 350
-
income

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

38
-
819
-
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
-
health

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

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

59
-
59
-
total
99
-
923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 913
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.

16
19
-
-
chamber of commerce
4
5
-
-
income
287
352
-
-
trade
315
387
-
-
total
622
763
-
-
Dividends
1 292
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.

18
22
-
-
withholding
320
393
-
-
total
338
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 059
1 178
923
1 244
After tax
1 291
1 172
1 427
1 106
Living cost
338
338
338
338
Free-cash
953
834
1 089
768

Estimated living cost  is £338 per week

£226
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.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1397
£1268
£1286
£1433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
60
income
-
-
-
586
social contributions
-
-
-
139
total
-
-
-
785
Employee
662
662
2 235
-
income
70
61
576
-
social contributions
32
55
74
-
health
7
11
38
-
total
109
127
688
-
Employer
662
662
2 235
-
social contributions
32
55
74
-
health
7
12
41
-
total
39
67
115
-
Corporate
1 923
1 621
-
-
income
240
203
-
-
total
240
203
-
-
Dividends
1 683
1 418
-
-
withholding
286
241
-
-
total
286
241
-
-
Income
2 350
2 350
2 350
2 350
Total tax
674
638
803
785
After tax
1 676
1 712
1 547
1 565
Living cost
279
279
279
279
Free-cash
1 397
1 433
1 268
1 286

Estimated living cost  is £279 per week

£191
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.
£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 Limassol model

Close
Budapest , Hungary
£1154
£1196
£1461
£1151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
35
pensions
-
-
-
235
health
-
-
-
165
income
-
-
-
287
total
-
-
-
722
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.

241
96
1 967
-
income
30
12
240
-
pensions
24
10
197
-
unemployment
4
1
29
-
health
17
7
138
-
total
75
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.

241
96
1 967
-
pensions
47
19
383
-
total
47
19
383
-
Corporate
2 062
2 235
-
-
income
186
201
-
-
total
186
201
-
-
Dividends
1 876
2 034
-
-
social contributions
365
396
-
-
withholding
356
386
-
-
total
721
782
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 029
1 032
987
722
After tax
1 321
1 318
1 363
1 628
Living cost
167
167
167
167
Free-cash
1 154
1 151
1 196
1 461

Estimated living cost  is £167 per week

£114
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
£1618
£1147
£1051
£1672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
470
health
-
-
-
306
income
-
-
-
315
total
-
-
-
1 091
Employee
244
-
1 756
-
income
27
-
339
-
pensions
5
-
35
-
unemployment
4
-
28
-
total
36
-
402
-
Employer
244
-
1 756
-
unemployment
2
-
14
-
health
32
-
228
-
pensions
49
-
351
-
total
83
-
593
-
Corporate
2 023
2 350
-
-
income
405
470
-
-
total
405
470
-
-
Dividends
1 619
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
524
470
995
1 091
After tax
1 826
1 880
1 355
1 259
Living cost
208
208
208
208
Free-cash
1 618
1 672
1 147
1 051

Estimated living cost  is £208 per week

£143
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£161
£1121
£1418
£4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
pensions
-
-
-
35
health
-
-
-
18
income
-
-
-
688
other
-
-
-
3
total
-
-
-
746
Employee
293
-
2 168
-
income
40
-
548
-
pensions
33
-
65
-
health
34
-
248
-
total
107
-
861
-
Employer
293
-
2 168
-
accident
5
-
36
-
unemployment
7
-
53
-
pensions
48
-
93
-
total
60
-
182
-
Corporate
1 998
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.

1 798
2 115
-
-
total
1 798
2 115
-
-
Dividends
200
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
2 003
2 160
1 043
746
After tax
347
190
1 307
1 604
Living cost
186
186
186
186
Free-cash
161
4
1 121
1 418

Estimated living cost  is £186 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£2142
£1804
£2251
£2156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23
total
-
-
-
23
Employee
95
-
2 350
-
income
19
-
470
-
total
19
-
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%.

2 255
2 350
-
-
total
-
-
-
-
Dividends
2 255
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
132
118
470
23
After tax
2 218
2 232
1 880
2 327
Living cost
76
76
76
76
Free-cash
2 142
2 156
1 804
2 251

Estimated living cost  is £76 per week

£47
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
£1441
£1227
£1244
£1498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
314
health
-
-
-
58
income
-
-
-
443
other
-
-
-
62
total
-
-
-
877
Employee
313
-
2 014
-
income
54
-
436
-
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
-
92
-
unemployment
3
-
13
-
health
4
-
18
-
total
83
-
559
-
Employer
313
-
2 014
-
accident
2
-
16
-
unemployment
3
-
13
-
health
4
-
18
-
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.

53
-
223
-
other
16
-
65
-
total
78
-
335
-
Corporate
1 959
2 350
-
-
income
411
493
-
-
total
411
493
-
-
Dividends
1 547
1 857
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
680
623
894
877
After tax
1 670
1 727
1 456
1 473
Living cost
229
229
229
229
Free-cash
1 441
1 498
1 227
1 244

Estimated living cost  is £229 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
95
income
-
-
-
758
total
-
-
-
853
Employee
826
-
2 045
-
income
149
-
619
-
pensions
80
-
111
-
health
14
-
27
-
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
£1850
£1900
£1798
£1892
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1
pensions

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

-
-
-
46
health
-
-
-
36
income
-
-
-
352
total
-
-
-
435
Employee
154
-
2 289
-
income
15
-
229
-
pensions

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

14
-
27
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
total
38
-
273
-
Employer
154
-
2 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
11
-
21
-
pensions

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

17
-
34
-
total
31
-
60
-
Corporate
2 165
2 350
-
-
income
217
235
-
-
total
217
235
-
-
Dividends
1 949
2 115
-
-
withholding
97
106
-
-
total
97
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
383
341
333
435
After tax
1 967
2 009
2 017
1 915
Living cost
117
117
117
117
Free-cash
1 850
1 892
1 900
1 798

Estimated living cost  is £117 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£721
£1024
£762
£700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
101
health
-
-
-
106
income
-
-
-
904
total
-
-
-
1 111
Employee
798
735
2 190
-
income

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

120
120
481
-
pensions
101
101
101
-
health
100
96
106
-
total
321
317
688
-
Employer
798
735
2 190
-
unemployment
29
26
33
-
health
55
51
64
-
pensions
56
51
64
-
total
140
128
161
-
Corporate
1 412
1 486
-
-
income
282
297
-
-
total
282
297
-
-
Dividends
1 130
1 189
-
-
income
240
253
-
-
withholding
169
178
-
-
total
409
431
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 173
849
1 111
After tax
1 198
1 177
1 501
1 239
Living cost
477
477
477
477
Free-cash
721
700
1 024
762

Estimated living cost  is £477 per week

£352
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.
£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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1329
£1100
£1208
£1405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
317
solidarity contribution
-
-
-
47
income
-
-
-
259
social contributions
-
-
-
306
total
-
-
-
929
Employee
313
-
1 915
-
solidarity contribution
-
-
38
-
income
38
-
238
-
social contributions
20
-
68
-
health
42
-
259
-
total
100
-
603
-
Employer
313
-
1 915
-
social contributions
78
-
262
-
health
28
-
172
-
total
106
-
434
-
Corporate
1 930
2 350
-
-
income
367
446
-
-
total
367
446
-
-
Dividends
1 564
1 904
-
-
withholding
235
286
-
-
total
235
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
808
732
1 037
929
After tax
1 542
1 618
1 313
1 421
Living cost
213
213
213
213
Free-cash
1 329
1 405
1 100
1 208

Estimated living cost  is £213 per week

£148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£846
£723
£795
£890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
national
-
-
-
714
regional
-
-
-
32
municipal
-
-
-
15
social contributions
-
-
-
431
total
-
-
-
1 192
Employee
765
-
2 350
-
regional
7
-
29
-
national
133
-
656
-
social contributions
258
-
565
-
municipal
4
-
14
-
total
402
-
1 264
-
Employer
765
-
2 350
-
total
-
-
-
-
Corporate
1 585
2 350
-
-
nationa
380
564
-
-
municipal
62
92
-
-
total
442
656
-
-
Dividends
1 143
1 694
-
-
withholding
297
441
-
-
total
297
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 141
1 097
1 264
1 192
After tax
1 209
1 253
1 086
1 158
Living cost
363
363
363
363
Free-cash
846
890
723
795

Estimated living cost  is £363 per week

£253
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.
£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 Milan model

Close
Thessaloniki , Greece
£1261
£859
£910
£1288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
2
surtax
-
-
-
140
pensions
-
-
-
230
health
-
-
-
82
income
-
-
-
796
other
-
-
-
-
total
-
-
-
1 250
Employee
285
-
2 108
-
other
-
-
-
-
income
48
-
744
-
pensions
19
-
77
-
surtax
1
-
130
-
unemployment
20
-
80
-
health
7
-
29
-
total
95
-
1 060
-
Employer
285
-
2 108
-
unemployment
9
-
36
-
health
13
-
52
-
pensions
38
-
153
-
other
-
-
-
-
total
60
-
241
-
Corporate
2 005
2 350
-
-
income
521
611
-
-
total
521
611
-
-
Dividends
1 484
1 739
-
-
withholding
223
261
-
-
total
223
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
872
1 301
1 250
After tax
1 451
1 478
1 049
1 100
Living cost
190
190
190
190
Free-cash
1 261
1 288
859
910

Estimated living cost  is £190 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
pensions
-
-
-
95
income
-
-
-
758
total
-
-
-
853
Employee
554
-
2 045
-
income
100
-
619
-
pensions
47
-
111
-
health
8
-
27
-
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
£683
£1087
£1154
£391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
78
pensions
-
-
-
216
health
-
-
-
5
regional
-
-
-
142
city
-
-
-
25
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
total
-
-
-
513
Employee
799
-
2 123
-
pensions
67
-
156
-
regional
26
-
128
-
national
4
-
65
-
unemployment
-
-
-
-
health
2
-
5
-
city
9
-
23
-
total
108
-
377
-
Employer
799
-
2 123
-
unemployment
-
-
-
-
health
2
-
5
-
pensions
67
-
156
-
other

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

16
-
42
-
total
85
-
203
-
Corporate
1 457
2 350
-
-
national
124
200
-
-
regional
308
497
-
-
total
432
697
-
-
Dividends
1 025
1 653
-
-
withholding
359
579
-
-
total
359
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
984
1 276
580
513
After tax
1 366
1 074
1 770
1 837
Living cost
683
683
683
683
Free-cash
683
391
1 087
1 154

Estimated living cost  is £683 per week

£444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£905
£1033
£699
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
45
health

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

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

-
-
-
59
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.

-
-
-
819
trade
-
-
-
334
total
-
-
-
1 257
Employee

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

517
-
2 350
-
income

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

61
-
819
-
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
-
health

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

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

59
-
59
-
total
123
-
923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 833
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.

15
19
-
-
chamber of commerce
4
5
-
-
income
275
352
-
-
trade
314
403
-
-
total
608
779
-
-
Dividends
1 224
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
303
389
-
-
total
320
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 051
1 189
923
1 257
After tax
1 299
1 161
1 427
1 093
Living cost
394
394
394
394
Free-cash
905
767
1 033
699

Estimated living cost  is £394 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£938
£860
£955
£889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
340
health
-
-
-
125
income
-
-
-
495
social contributions
-
-
-
67
other
-
-
-
73
total
-
-
-
1 100
Employee
368
-
1 774
-
income
22
-
427
-
pensions
42
-
142
-
surtax
-
-
-
-
social contributions
11
-
51
-
total
75
-
620
-
Employer
368
-
1 774
-
unemployment
15
-
72
-
social contributions
1
-
5
-
health
26
-
186
-
pensions
61
-
235
-
other
13
-
77
-
total
116
-
575
-
Corporate
1 866
2 350
-
-
surtax
-
-
-
-
income
523
658
-
-
total
523
658
-
-
Dividends
1 344
1 692
-
-
surtax
-
-
-
-
social contributions
231
291
-
-
withholding
172
217
-
-
total
403
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 117
1 166
1 195
1 100
After tax
1 233
1 184
1 155
1 250
Living cost
295
295
295
295
Free-cash
938
889
860
955

Estimated living cost  is £295 per week

£186
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£968
£890
£985
£919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
340
health
-
-
-
125
income
-
-
-
495
social contributions
-
-
-
67
other
-
-
-
73
total
-
-
-
1 100
Employee
329
-
1 774
-
income
17
-
427
-
pensions
37
-
142
-
surtax
-
-
-
-
social contributions
9
-
51
-
total
63
-
620
-
Employer
329
-
1 774
-
unemployment
13
-
72
-
social contributions
1
-
5
-
health
23
-
186
-
pensions
54
-
235
-
other
11
-
77
-
total
102
-
575
-
Corporate
1 918
2 350
-
-
surtax
-
-
-
-
income
537
658
-
-
total
537
658
-
-
Dividends
1 381
1 692
-
-
surtax
-
-
-
-
social contributions
238
291
-
-
withholding
177
217
-
-
total
415
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 117
1 166
1 195
1 100
After tax
1 233
1 184
1 155
1 250
Living cost
265
265
265
265
Free-cash
968
919
890
985

Estimated living cost  is £265 per week

£154
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.
£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 Marseille model

Close
Vilnius , Lithuania
£1256
£679
£1327
£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
health
-
-
-
164
income
-
-
-
352
social contributions
-
-
-
324
total
-
-
-
840
Employee
292
-
2 350
-
income
49
-
1 000
-
social contributions
40
-
324
-
health
20
-
164
-
total
109
-
1 488
-
Employer
292
-
2 350
-
total
-
-
-
-
Corporate
2 058
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
117
-
-
total
103
117
-
-
Dividends
1 955
2 233
-
-
social contributions
270
308
-
-
withholding
293
335
-
-
health
136
156
-
-
total
699
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
911
916
1 488
840
After tax
1 439
1 434
862
1 510
Living cost
183
183
183
183
Free-cash
1 256
1 251
679
1 327

Estimated living cost  is £183 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£975
£302
£894
£992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
53
surtax
-
-
-
2
pensions
-
-
-
186
health
-
-
-
77
income
-
-
-
826
chamber of commerce
-
-
-
9
total
-
-
-
1 153
Employee
430
343
1 987
-
other
4
3
10
-
income
49
25
711
-
pensions
44
35
103
-
unemployment
13
10
30
-
health
17
13
39
-
total
127
86
893
-
Employer
430
343
1 987
-
chamber of commerce
2
1
8
-
surtax
2
2
2
-
accident
6
4
13
-
payroll
13
10
60
-
unemployment
13
10
30
-
health
16
13
38
-
pensions
54
43
126
-
other
20
16
86
-
total
126
99
363
-
Corporate
1 794
1 906
1 955
-
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.

449
477
489
-
total
449
477
489
-
Dividends
1 346
1 430
-
-
withholding
370
393
-
-
total
370
393
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 072
1 055
1 745
1 153
After tax
1 278
1 295
605
1 197
Living cost
303
303
303
303
Free-cash
975
992
302
894

Estimated living cost  is £303 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£870
£466
£710
£953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
983
communal

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

-
-
-
128
social contributions
-
-
-
215
total
-
-
-
1 326
Employee

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

616
-
1 820
-
pensions

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

46
-
137
-
communal

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

32
-
95
-
national
189
-
706
-
unemployment

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

5
-
16
-
health

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

29
-
86
-
total
301
-
1 040
-
Employer

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

616
-
1 820
-
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
-
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.

38
-
112
-
pensions

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

55
-
161
-
surtax
70
-
206
-
total
180
-
530
-
Corporate
1 555
2 350
-
-
surtax
6
11
-
-
income
311
534
-
-
total
317
545
-
-
Dividends
1 238
1 805
-
-
withholding

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

368
538
-
-
total
368
538
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 166
1 083
1 570
1 326
After tax
1 184
1 267
780
1 024
Living cost
314
314
314
314
Free-cash
870
953
466
710

Estimated living cost  is £314 per week

£202
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.
£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 Brussels model

Close
Barcelona , Spain
£1187
£962
£998
£1246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
6
accident
-
-
-
7
pensions
-
-
-
226
income
-
-
-
801
other
-
-
-
1
total
-
-
-
1 041
Employee
429
-
2 096
-
other
-
-
1
-
income
90
-
772
-
pensions
20
-
38
-
unemployment
7
-
12
-
total
117
-
823
-
Employer
429
-
2 096
-
accident
8
-
16
-
unemployment
24
-
44
-
pensions
101
-
188
-
other
3
-
6
-
total
136
-
254
-
Corporate
1 785
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
352
-
-
total
268
352
-
-
Dividends
1 517
1 998
-
-
withholding
331
441
-
-
total
331
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
852
793
1 077
1 041
After tax
1 498
1 557
1 273
1 309
Living cost
311
311
311
311
Free-cash
1 187
1 246
962
998

Estimated living cost  is £311 per week

£229
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.
£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.
£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 Barcelona model

Close
Luxembourg , Luxembourg
£708
£699
£638
£827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
17
surtax
-
-
-
122
pensions
-
-
-
304
communal
-
-
-
149
health
-
-
-
143
income
-
-
-
509
total
-
-
-
1 244
Employee
652
-
2 105
-
income
63
-
554
-
pensions
52
-
164
-
surtax
40
-
130
-
health
29
-
91
-
total
184
-
939
-
Employer
652
-
2 105
-
accident
6
-
18
-
health
20
-
62
-
pensions
52
-
164
-
total
78
-
244
-
Corporate
1 620
2 350
-
-
surtax
17
25
-
-
communal
109
159
-
-
income
243
352
-
-
total
369
536
-
-
Dividends
1 251
1 814
-
-
income
355
247
-
-
withholding
188
272
-
-
total
543
519
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 174
1 055
1 183
1 244
After tax
1 176
1 295
1 167
1 106
Living cost
468
468
468
468
Free-cash
708
827
699
638

Estimated living cost  is £468 per week

£351
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1258
£856
£907
£1285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
surtax
-
-
-
140
pensions
-
-
-
230
health
-
-
-
82
income
-
-
-
796
other
-
-
-
-
total
-
-
-
1 250
Employee
290
-
2 108
-
other
-
-
-
-
income
49
-
744
-
pensions
19
-
77
-
surtax
1
-
130
-
unemployment
20
-
80
-
health
7
-
29
-
total
96
-
1 060
-
Employer
290
-
2 108
-
unemployment
9
-
36
-
health
13
-
52
-
pensions
39
-
153
-
other
-
-
-
-
total
61
-
241
-
Corporate
1 999
2 350
-
-
income
520
611
-
-
total
520
611
-
-
Dividends
1 479
1 739
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
872
1 301
1 250
After tax
1 451
1 478
1 049
1 100
Living cost
193
193
193
193
Free-cash
1 258
1 285
856
907

Estimated living cost  is £193 per week

£117
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.
£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 of data for Athens model

Close
Naples , Italy
£984
£847
£919
£1003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
national
-
-
-
714
regional
-
-
-
39
municipal
-
-
-
15
social contributions
-
-
-
431
total
-
-
-
1 199
Employee
478
-
2 350
-
regional
6
-
36
-
national
76
-
656
-
social contributions
161
-
565
-
municipal
3
-
14
-
total
246
-
1 271
-
Employer
478
-
2 350
-
total
-
-
-
-
Corporate
1 872
2 350
-
-
nationa
449
564
-
-
municipal
93
117
-
-
total
542
681
-
-
Dividends
1 330
1 669
-
-
withholding
346
434
-
-
total
346
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 134
1 115
1 271
1 199
After tax
1 216
1 235
1 079
1 151
Living cost
232
232
232
232
Free-cash
984
1 003
847
919

Estimated living cost  is £232 per week

£144
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.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1263
£1051
£1159
£1356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
317
solidarity contribution
-
-
-
47
income
-
-
-
259
social contributions
-
-
-
306
total
-
-
-
929
Employee
386
-
1 915
-
solidarity contribution
-
-
38
-
income
46
-
238
-
social contributions
25
-
68
-
health
52
-
259
-
total
123
-
603
-
Employer
386
-
1 915
-
social contributions
96
-
262
-
health
35
-
172
-
total
131
-
434
-
Corporate
1 833
2 350
-
-
income
348
446
-
-
total
348
446
-
-
Dividends
1 485
1 904
-
-
withholding
223
286
-
-
total
223
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
825
732
1 037
929
After tax
1 525
1 618
1 313
1 421
Living cost
262
262
262
262
Free-cash
1 263
1 356
1 051
1 159

Estimated living cost  is £262 per week

£195
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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£1013
£331
£924
£1021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
53
surtax
-
-
-
-
pensions
-
-
-
186
health
-
-
-
77
income
-
-
-
826
chamber of commerce
-
-
-
9
total
-
-
-
1 151
Employee
376
343
1 989
-
other
4
3
10
-
income
34
25
712
-
pensions
39
35
103
-
unemployment
11
10
30
-
health
15
13
39
-
total
103
86
894
-
Employer
376
343
1 989
-
chamber of commerce
2
1
8
-
surtax
-
-
-
-
accident
5
4
13
-
payroll
11
10
60
-
unemployment
11
10
30
-
health
14
13
38
-
pensions
47
43
126
-
other
18
16
86
-
total
108
97
361
-
Corporate
1 865
1 908
1 956
-
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.

466
477
489
-
total
466
477
489
-
Dividends
1 399
1 431
-
-
withholding
385
394
-
-
total
385
394
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 062
1 054
1 744
1 151
After tax
1 288
1 296
606
1 199
Living cost
275
275
275
275
Free-cash
1 013
1 021
331
924

Estimated living cost  is £275 per week

£165
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£2092
£1762
£2209
£2114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
23
total
-
-
-
23
Employee
148
-
2 350
-
income
30
-
470
-
total
30
-
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%.

2 202
2 350
-
-
total
-
-
-
-
Dividends
2 202
2 350
-
-
withholding
110
118
-
-
total
110
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
140
118
470
23
After tax
2 210
2 232
1 880
2 327
Living cost
118
118
118
118
Free-cash
2 092
2 114
1 762
2 209

Estimated living cost  is £118 per week

£80
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.
£29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1314
£766
£816
£1386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
4
pensions
-
-
-
429
health
-
-
-
231
income
-
-
-
639
total
-
-
-
1 303
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.

381
-
2 033
-
income
66
-
588
-
pensions
59
-
315
-
unemployment
1
-
3
-
health
25
-
131
-
total
151
-
1 037
-
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.

381
-
2 033
-
unemployment
-
-
1
-
health
25
-
135
-
pensions
34
-
180
-
total
59
-
316
-
Corporate
1 910
2 350
-
-
income
363
447
-
-
total
363
447
-
-
Dividends
1 547
1 903
-
-
withholding
232
286
-
-
total
232
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
805
733
1 353
1 303
After tax
1 545
1 617
997
1 047
Living cost
231
231
231
231
Free-cash
1 314
1 386
766
816

Estimated living cost  is £231 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Ljubljana model

Close
Oslo , Norway
£581
£1823
£1220
£1026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
458
social contributions
-
-
-
268
total
-
-
-
726
Employee
579
-
-
-
income
128
-
-
-
social contributions
47
-
7
-
total
175
-
7
-
Employer
579
-
-
-
social contributions
816
-
116
-
total
816
-
116
-
Corporate
955
2 350
-
-
income
210
517
-
-
total
210
517
-
-
Dividends
745
1 833
-
-
income
164
403
-
-
total
164
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 365
920
123
726
After tax
985
1 430
2 227
1 624
Living cost
404
404
404
404
Free-cash
581
1 026
1 823
1 220

Estimated living cost  is £404 per week

£262
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.
£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

Source of data for Oslo model

Close
Lisbon , Portugal
£1058
£736
£935
£1067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
328
social contributions

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

-
-
-
817
total
-
-
-
1 145
Employee
396
-
1 899
-
income
82
-
674
-
surtax
-
-
10
-
social contributions
44
-
209
-
total
126
-
893
-
Employer
396
-
1 899
-
social contributions
94
-
451
-
total
94
-
451
-
Corporate
1 860
2 350
-
-
surtax
-
-
-
-
income
391
493
-
-
total
391
493
-
-
Dividends
1 469
1 857
-
-
withholding
411
520
-
-
total
411
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 022
1 013
1 344
1 145
After tax
1 328
1 337
1 006
1 205
Living cost
270
270
270
270
Free-cash
1 058
1 067
736
935

Estimated living cost  is £270 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£827
£739
£834
£768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
340
health
-
-
-
125
income
-
-
-
495
social contributions
-
-
-
67
other
-
-
-
73
total
-
-
-
1 100
Employee
539
-
1 774
-
income
47
-
427
-
pensions
61
-
142
-
surtax
-
-
-
-
social contributions
15
-
51
-
total
123
-
620
-
Employer
539
-
1 774
-
unemployment
22
-
72
-
social contributions
2
-
5
-
health
38
-
186
-
pensions
89
-
235
-
other
19
-
77
-
total
170
-
575
-
Corporate
1 642
2 350
-
-
surtax
-
-
-
-
income
460
658
-
-
total
460
658
-
-
Dividends
1 182
1 692
-
-
surtax
-
-
-
-
social contributions
203
291
-
-
withholding
151
217
-
-
total
354
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 107
1 166
1 195
1 100
After tax
1 243
1 184
1 155
1 250
Living cost
416
416
416
416
Free-cash
827
768
739
834

Estimated living cost  is £416 per week

£281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1827
£1506
£1443
£1856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
131
social contributions
-
-
-
517
total
-
-
-
648
Employee
277
-
2 035
-
income
-
-
138
-
social contributions
18
-
132
-
total
18
-
270
-
Employer
277
-
2 035
-
social contributions
43
-
315
-
total
43
-
315
-
Corporate
2 030
2 350
-
-
income
203
235
-
-
total
203
235
-
-
Dividends
1 827
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
264
235
585
648
After tax
2 086
2 115
1 765
1 702
Living cost
259
259
259
259
Free-cash
1 827
1 856
1 506
1 443

Estimated living cost  is £259 per week

£167
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.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£233
£477
£925
£477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
303
pensions
-
-
-
7
municipal
-
-
-
514
labour market
-
-
-
187
total
-
-
-
1 011
Employee
1 747
1 747
1 747
-
labour market
140
140
140
-
pensions
2
2
2
-
national
213
213
213
-
municipal
372
372
372
-
total
727
727
727
-
Employer
1 747
1 747
1 747
-
labour market
140
140
140
-
national
214
214
214
-
municipal
373
373
373
-
pensions
5
5
5
-
total
732
732
732
-
Corporate
478
-
-
-
income
105
-
-
-
total
105
-
-
-
Dividends
373
-
-
-
withholding
139
-
-
-
total
139
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 703
1 459
1 459
1 011
After tax
647
891
891
1 339
Living cost
414
414
414
414
Free-cash
233
477
477
925

Estimated living cost  is £414 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£162
£1124
£1421
£7
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
pensions
-
-
-
35
health
-
-
-
18
income
-
-
-
688
other
-
-
-
3
total
-
-
-
746
Employee
288
-
2 168
-
income
40
-
548
-
pensions
32
-
65
-
health
33
-
248
-
total
105
-
861
-
Employer
288
-
2 168
-
accident
5
-
36
-
unemployment
7
-
53
-
pensions
47
-
93
-
total
59
-
182
-
Corporate
2 003
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.

1 803
2 115
-
-
total
1 803
2 115
-
-
Dividends
200
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
2 005
2 160
1 043
746
After tax
345
190
1 307
1 604
Living cost
183
183
183
183
Free-cash
162
7
1 124
1 421

Estimated living cost  is £183 per week

£133
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.
£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

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
£1117
£794
£1063
£1073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
506
health
-
-
-
33
municipal
-
-
-
417
total
-
-
-
956
Employee
453
-
1 977
-
pensions
31
-
133
-
national
7
-
340
-
unemployment
7
-
30
-
municipal
74
-
322
-
health
3
-
27
-
total
122
-
852
-
Employer
453
-
1 977
-
accident
-
-
2
-
unemployment
3
-
13
-
health
3
-
15
-
pensions
79
-
343
-
total
85
-
373
-
Corporate
1 812
2 350
-
-
income
362
470
-
-
total
362
470
-
-
Dividends

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

1 087
1 410
-
-
national
137
222
-
-
municipal
196
254
-
-
total
333
476
-
-
Income
2 350
2 350
2 350
2 350
Total tax
902
946
1 225
956
After tax
1 448
1 404
1 125
1 394
Living cost
331
331
331
331
Free-cash
1 117
1 073
794
1 063

Estimated living cost  is £331 per week

£216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1466
£1348
£1366
£1513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
health
-
-
-
60
income
-
-
-
586
social contributions
-
-
-
139
total
-
-
-
785
Employee
662
662
2 235
-
income
72
61
576
-
social contributions
25
55
74
-
health
5
11
38
-
total
102
127
688
-
Employer
662
662
2 235
-
social contributions
25
55
74
-
health
6
12
41
-
total
31
67
115
-
Corporate
2 018
1 621
-
-
income
252
203
-
-
total
252
203
-
-
Dividends
1 766
1 418
-
-
withholding
300
241
-
-
total
300
241
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
638
803
785
After tax
1 665
1 712
1 547
1 565
Living cost
199
199
199
199
Free-cash
1 466
1 513
1 348
1 366

Estimated living cost  is £199 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1764
£1708
£1881
£1809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
-
pensions
-
-
-
55
health
-
-
-
31
income
-
-
-
246
total
-
-
-
332
Employee

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

198
-
2 266
-
income
14
-
225
-
pensions
30
-
123
-
unemployment
1
-
4
-
health
17
-
69
-
total
62
-
421
-
Employer

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

198
-
2 266
-
unemployment
1
-
4
-
health
8
-
35
-
pensions
11
-
45
-
total
20
-
84
-
Corporate
2 132
2 350
-
-
income
192
212
-
-
total
192
212
-
-
Dividends
1 940
2 138
-
-
withholding
175
192
-
-
total
175
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
449
404
505
332
After tax
1 901
1 946
1 845
2 018
Living cost
137
137
137
137
Free-cash
1 764
1 809
1 708
1 881

Estimated living cost  is £137 per week

£87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1281
£1036
£1072
£1320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
6
accident
-
-
-
7
pensions
-
-
-
226
income
-
-
-
801
other
-
-
-
1
total
-
-
-
1 041
Employee
318
-
2 096
-
other
-
-
1
-
income
61
-
772
-
pensions
15
-
38
-
unemployment
5
-
12
-
total
81
-
823
-
Employer
318
-
2 096
-
accident
6
-
16
-
unemployment
18
-
44
-
pensions
75
-
188
-
other
3
-
6
-
total
102
-
254
-
Corporate
1 930
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.

290
352
-
-
total
290
352
-
-
Dividends
1 641
1 998
-
-
withholding
359
441
-
-
total
359
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
832
793
1 077
1 041
After tax
1 518
1 557
1 273
1 309
Living cost
237
237
237
237
Free-cash
1 281
1 320
1 036
1 072

Estimated living cost  is £237 per week

£160
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.
£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 Valencia model

Close
Istanbul , Turkey
£1451
£1502
£1503
£1451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11
health
-
-
-
8
income
-
-
-
813
total
-
-
-
832
Employee
23
-
2 338
-
income
4
-
812
-
pensions
2
-
5
-
unemployment
-
-
1
-
health
1
-
3
-
total
7
-
821
-
Employer
23
-
2 338
-
unemployment
-
-
1
-
health
2
-
5
-
pensions
2
-
6
-
total
4
-
12
-
Corporate
2 322
2 350
-
-
income
511
517
-
-
total
511
517
-
-
Dividends
1 811
1 833
-
-
withholding
362
367
-
-
total
362
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
884
884
833
832
After tax
1 466
1 466
1 517
1 518
Living cost
15
15
15
15
Free-cash
1 451
1 451
1 502
1 503

Estimated living cost  is £15 per week

£9
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.
£4
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1505
£1408
£1409
£1549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
10
pensions
-
-
-
165
health
-
-
-
65
income
-
-
-
552
total
-
-
-
792
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.

224
-
2 236
-
income
31
-
552
-
pensions
31
-
89
-
unemployment
2
-
5
-
health
12
-
33
-
total
76
-
679
-
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.

224
-
2 236
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
76
-
total
41
-
114
-
Corporate
2 086
2 350
-
-
income
313
352
-
-
total
313
352
-
-
Dividends
1 773
1 998
-
-
withholding
266
300
-
-
total
266
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
696
652
793
792
After tax
1 654
1 698
1 557
1 558
Living cost
149
149
149
149
Free-cash
1 505
1 549
1 408
1 409

Estimated living cost  is £149 per week

£100
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.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£1102
£774
£973
£1105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
328
social contributions

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

-
-
-
817
total
-
-
-
1 145
Employee
334
-
1 899
-
income
65
-
674
-
surtax
-
-
10
-
social contributions
37
-
209
-
total
102
-
893
-
Employer
334
-
1 899
-
social contributions
79
-
451
-
total
79
-
451
-
Corporate
1 936
2 350
-
-
surtax
-
-
-
-
income
407
493
-
-
total
407
493
-
-
Dividends
1 530
1 857
-
-
withholding
428
520
-
-
total
428
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 016
1 013
1 344
1 145
After tax
1 334
1 337
1 006
1 205
Living cost
232
232
232
232
Free-cash
1 102
1 105
774
973

Estimated living cost  is £232 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Porto model

Close
Madrid , Spain
£1198
£970
£1006
£1254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
6
accident
-
-
-
7
pensions
-
-
-
226
income
-
-
-
801
other
-
-
-
1
total
-
-
-
1 041
Employee
416
-
2 096
-
other
-
-
1
-
income
87
-
772
-
pensions
20
-
38
-
unemployment
6
-
12
-
total
113
-
823
-
Employer
416
-
2 096
-
accident
8
-
16
-
unemployment
23
-
44
-
pensions
98
-
188
-
other
3
-
6
-
total
132
-
254
-
Corporate
1 802
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.

270
352
-
-
total
270
352
-
-
Dividends
1 531
1 998
-
-
withholding
334
441
-
-
total
334
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
849
793
1 077
1 041
After tax
1 501
1 557
1 273
1 309
Living cost
303
303
303
303
Free-cash
1 198
1 254
970
1 006

Estimated living cost  is £303 per week

£217
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.
£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 Madrid model

Close
Sofia , Bulgaria
£1803
£1864
£1762
£1856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1
pensions

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

-
-
-
46
health
-
-
-
36
income
-
-
-
352
total
-
-
-
435
Employee
202
-
2 289
-
income
20
-
229
-
pensions

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

18
-
27
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
total
49
-
273
-
Employer
202
-
2 289
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
health
14
-
21
-
pensions

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

22
-
34
-
total
39
-
60
-
Corporate
2 108
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 897
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
394
341
333
435
After tax
1 956
2 009
2 017
1 915
Living cost
153
153
153
153
Free-cash
1 803
1 856
1 864
1 762

Estimated living cost  is £153 per week

£101
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
£989
£1095
£815
£877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health

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

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

-
-
-
59
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.

-
-
-
819
trade
-
-
-
280
total
-
-
-
1 203
Employee

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

428
-
2 350
-
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.

35
-
819
-
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
-
health

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

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

59
-
59
-
total
96
-
923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 922
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.

16
19
-
-
chamber of commerce
4
5
-
-
income
288
352
-
-
trade
276
337
-
-
total
584
713
-
-
Dividends
1 338
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
331
406
-
-
total
349
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 029
1 141
923
1 203
After tax
1 321
1 209
1 427
1 147
Living cost
332
332
332
332
Free-cash
989
877
1 095
815

Estimated living cost  is £332 per week

£229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1174
£651
£651
£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
income
-
-
-
798
social contributions
-
-
-
411
total
-
-
-
1 209
Employee
674
-
2 350
-
income
127
-
798
-
social contributions
56
-
411
-
total
183
-
1 209
-
Employer
674
-
2 350
-
total
-
-
-
-
Corporate
1 676
2 350
-
-
income
210
294
-
-
total
210
294
-
-
Dividends
1 467
2 056
-
-
withholding
293
411
-
-
total
293
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
705
1 209
1 209
After tax
1 664
1 645
1 141
1 141
Living cost
490
490
490
490
Free-cash
1 174
1 155
651
651

Estimated living cost  is £490 per week

£373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1199
£1306
£1630
£1170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 350
health

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

-
-
-
55
income
-
-
-
352
total
-
-
-
407
Employee
395
-
2 310
-
income
43
-
651
-
social contributions
40
-
40
-
total
83
-
691
-
Employer
395
-
2 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 915
2 350
-
-
income
670
822
-
-
total
670
822
-
-
Dividends
1 245
1 528
-
-
social contributions
45
45
-
-
total
45
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
867
731
407
After tax
1 512
1 483
1 619
1 943
Living cost
313
313
313
313
Free-cash
1 199
1 170
1 306
1 630

Estimated living cost  is £313 per week

£206
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
95
income
-
-
-
758
total
-
-
-
853
Employee
445
-
2 045
-
income
81
-
619
-
pensions
34
-
111
-
health
6
-
27
-
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
£160
£1106
£1403
-£11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
pensions
-
-
-
35
health
-
-
-
18
income
-
-
-
688
other
-
-
-
3
total
-
-
-
746
Employee
317
-
2 168
-
income
43
-
548
-
pensions
36
-
65
-
health
36
-
248
-
total
115
-
861
-
Employer
317
-
2 168
-
accident
5
-
36
-
unemployment
8
-
53
-
pensions
52
-
93
-
total
65
-
182
-
Corporate
1 969
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.

1 772
2 115
-
-
total
1 772
2 115
-
-
Dividends
197
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 989
2 160
1 043
746
After tax
361
190
1 307
1 604
Living cost
201
201
201
201
Free-cash
160
-11
1 106
1 403

Estimated living cost  is £201 per week

£148
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.
£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 Warsaw model

Close
Skopje , Macedonia
£1656
£1645
£1455
£1682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
17
pensions
-
-
-
253
income
-
-
-
400
health insurance
-
-
-
102
work injury
-
-
-
7
total
-
-
-
779
Employee

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

186
-
2 350
-
income
19
-
400
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
work injury
1
-
3
-
total
70
-
589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 164
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
1 948
2 115
-
-
withholding
292
317
-
-
total
292
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
578
552
589
779
After tax
1 772
1 798
1 761
1 571
Living cost
116
116
116
116
Free-cash
1 656
1 682
1 645
1 455

Estimated living cost  is £116 per week

£72
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.
£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.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£855
£713
£784
£895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
714
regional
-
-
-
61
municipal
-
-
-
17
social contributions
-
-
-
431
total
-
-
-
1 223
Employee
726
-
2 350
-
regional
11
-
57
-
national
123
-
656
-
social contributions
245
-
565
-
municipal
4
-
16
-
total
383
-
1 294
-
Employer
726
-
2 350
-
total
-
-
-
-
Corporate
1 624
2 350
-
-
nationa
390
564
-
-
municipal
78
113
-
-
total
468
677
-
-
Dividends
1 156
1 673
-
-
withholding
301
435
-
-
total
301
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 112
1 294
1 223
After tax
1 198
1 238
1 056
1 127
Living cost
343
343
343
343
Free-cash
855
895
713
784

Estimated living cost  is £343 per week

£241
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.
£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

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close