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
£1015
£919
£1163
£857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
306
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.

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 227
Employee

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

336
-
2 350
-
surtax

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

1
-
45
-
health

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

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

60
-
60
-
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
-
816
-
total
70
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 014
2 350
-
-
trade
317
370
-
-
income
302
352
-
-
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
-
-
total
640
746
-
-
Dividends
1 374
1 603
-
-
withholding
340
397
-
-
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
-
-
total
359
419
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 069
1 165
921
1 227
After tax
1 281
1 185
1 429
1 123
Living cost
266
266
266
266
Free-cash
1 015
919
1 163
857

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1006
£1014
£874
£862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
25
pensions
-
-
-
282
municipal
-
-
-
263
national
-
-
-
466
total
-
-
-
1 036
Employee
701
-
2 032
-
national
134
-
486
-
municipal
87
-
272
-
pensions
28
-
81
-
total
249
-
839
-
Employer
701
-
2 032
-
pensions
56
-
163
-
social contributions
8
-
22
-
total
64
-
185
-
Corporate
1 539
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%.

308
470
-
-
total
308
470
-
-
Dividends
1 232
1 880
-
-
withholding
271
414
-
-
total
271
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
892
884
1 024
1 036
After tax
1 458
1 466
1 326
1 314
Living cost
452
452
452
452
Free-cash
1 006
1 014
874
862

Estimated living cost  is £452 per week

£307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1625
£1697
£858
£697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
2 350
social contributions

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

-
-
-
336
income
-
-
-
535
microenterprise
-
-
-
-
surtax
-
-
-
599
total
-
-
-
1 470
Employee
256
-
1 890
-
surtax
-
-
274
-
social contributions

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

28
-
115
-
income
46
-
460
-
total
74
-
849
-
Employer
256
-
1 890
-
social contributions

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

62
-
252
-
surtax
-
-
208
-
total
62
-
460
-
Corporate
2 032
2 350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

406
470
-
-
total
406
470
-
-
Dividends

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

1 625
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
542
470
1 309
1 470
After tax
1 808
1 880
1 041
880
Living cost
183
183
183
183
Free-cash
1 625
1 697
858
697

Estimated living cost  is £183 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£754
£807
£1133
£873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
898
pensions
-
-
-
103
health
-
-
-
108
total
-
-
-
1 109
Employee
749
749
2 187
-
health
115
98
108
-
pensions
135
103
103
-
income

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

123
123
474
-
total
373
324
685
-
Employer
749
749
2 187
-
pensions
52
52
65
-
unemployment
27
27
34
-
health
52
52
65
-
total
131
131
164
-
Corporate
1 479
1 470
-
-
income
296
294
-
-
total
296
294
-
-
Dividends
1 183
1 176
-
-
withholding
177
176
-
-
income
251
250
-
-
total
428
426
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 228
1 175
849
1 109
After tax
1 122
1 175
1 501
1 241
Living cost
368
368
368
368
Free-cash
754
807
1 133
873

Estimated living cost  is £368 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£907
£916
£787
£795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
93
unemployment
-
-
-
1
pensions
-
-
-
87
municipal
-
-
-
631
accident
-
-
-
2
national
-
-
-
324
health
-
-
-
50
total
-
-
-
1 188
Employee
523
-
2 097
-
national
-
-
319
-
municipal
156
-
625
-
total
156
-
944
-
Employer
523
-
2 097
-
other
61
-
93
-
accident
1
-
2
-
pensions
57
-
87
-
unemployment
14
-
21
-
health
32
-
49
-
total
165
-
252
-
Corporate
1 663
2 350
-
-
income
366
517
-
-
total
366
517
-
-
Dividends
1 297
1 833
-
-
withholding
389
550
-
-
total
389
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 076
1 067
1 196
1 188
After tax
1 274
1 283
1 154
1 162
Living cost
367
367
367
367
Free-cash
907
916
787
795

Estimated living cost  is £367 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£951
£827
£1084
£765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
319
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.

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 240
Employee

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

445
-
2 350
-
surtax

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

2
-
45
-
health

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

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

60
-
60
-
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
-
816
-
total
100
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 905
2 350
-
-
trade
313
387
-
-
income
286
352
-
-
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
-
-
total
619
763
-
-
Dividends
1 286
1 587
-
-
withholding
318
393
-
-
surtax

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

17
22
-
-
total
335
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 054
1 178
921
1 240
After tax
1 296
1 172
1 429
1 110
Living cost
345
345
345
345
Free-cash
951
827
1 084
765

Estimated living cost  is £345 per week

£231
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1390
£1428
£1262
£1281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
142
income
-
-
-
582
health
-
-
-
60
total
-
-
-
784
Employee
675
675
2 233
-
health
7
11
38
-
social contributions
33
56
76
-
income
71
62
572
-
total
111
129
686
-
Employer
675
675
2 233
-
social contributions
33
56
76
-
health
7
12
41
-
total
40
68
117
-
Corporate
1 915
1 607
-
-
income
239
201
-
-
total
239
201
-
-
Dividends
1 676
1 406
-
-
withholding
285
239
-
-
total
285
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
675
637
803
784
After tax
1 675
1 713
1 547
1 566
Living cost
285
285
285
285
Free-cash
1 390
1 428
1 262
1 281

Estimated living cost  is £285 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1158
£1157
£1200
£1466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
287
pensions
-
-
-
235
health
-
-
-
164
total
-
-
-
721
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

236
94
1 967
-
unemployment
4
1
29
-
health
16
7
138
-
pensions
24
9
197
-
income
29
11
240
-
total
73
28
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.

236
94
1 967
-
pensions
46
18
383
-
total
46
18
383
-
Corporate
2 068
2 238
-
-
income
186
201
-
-
total
186
201
-
-
Dividends
1 882
2 036
-
-
withholding
358
387
-
-
social contributions
366
396
-
-
total
724
783
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 029
1 030
987
721
After tax
1 321
1 320
1 363
1 629
Living cost
163
163
163
163
Free-cash
1 158
1 157
1 200
1 466

Estimated living cost  is £163 per week

£111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1614
£1668
£1143
£1047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
315
pensions
-
-
-
470
health
-
-
-
306
total
-
-
-
1 091
Employee
249
-
1 756
-
unemployment
4
-
28
-
pensions
5
-
35
-
income
28
-
339
-
total
37
-
402
-
Employer
249
-
1 756
-
pensions
50
-
351
-
unemployment
2
-
14
-
health
32
-
228
-
total
84
-
593
-
Corporate
2 017
2 350
-
-
income
403
470
-
-
total
403
470
-
-
Dividends
1 614
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
212
212
212
212
Free-cash
1 614
1 668
1 143
1 047

Estimated living cost  is £212 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£159
-£7
£1106
£1407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
684
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
746
Employee
311
-
2 162
-
health
36
-
248
-
pensions
35
-
68
-
income
43
-
543
-
total
114
-
859
-
Employer
311
-
2 162
-
accident
5
-
36
-
pensions
50
-
99
-
unemployment
8
-
53
-
total
63
-
188
-
Corporate
1 976
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.

1 779
2 115
-
-
total
1 779
2 115
-
-
Dividends
198
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 994
2 160
1 047
746
After tax
356
190
1 303
1 604
Living cost
197
197
197
197
Free-cash
159
-7
1 106
1 407

Estimated living cost  is £197 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2147
£2160
£1808
£2254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
90
-
2 350
-
income
18
-
470
-
total
18
-
470
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

2 260
2 350
-
-
total
-
-
-
-
Dividends
2 260
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
131
118
470
24
After tax
2 219
2 232
1 880
2 326
Living cost
72
72
72
72
Free-cash
2 147
2 160
1 808
2 254

Estimated living cost  is £72 per week

£45
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.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1434
£1493
£1215
£1234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
63
income
-
-
-
440
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.

-
-
-
320
health
-
-
-
59
total
-
-
-
882
Employee
319
-
2 008
-
unemployment
3
-
13
-
health
4
-
19
-
pensions

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

22
-
93
-
income
55
-
434
-
total
84
-
559
-
Employer
319
-
2 008
-
other
16
-
67
-
accident
3
-
16
-
pensions

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

54
-
227
-
unemployment
3
-
13
-
health
4
-
19
-
total
80
-
342
-
Corporate
1 951
2 350
-
-
income
410
493
-
-
total
410
493
-
-
Dividends
1 541
1 857
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
682
623
901
882
After tax
1 668
1 727
1 449
1 468
Living cost
234
234
234
234
Free-cash
1 434
1 493
1 215
1 234

Estimated living cost  is £234 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£1852
£1894
£1902
£1801
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
434
Employee
153
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

13
-
27
-
income
15
-
229
-
total
37
-
273
-
Employer
153
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
2 167
2 350
-
-
income
217
235
-
-
total
217
235
-
-
Dividends
1 951
2 115
-
-
withholding
98
106
-
-
total
98
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
383
341
333
434
After tax
1 967
2 009
2 017
1 916
Living cost
115
115
115
115
Free-cash
1 852
1 894
1 902
1 801

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£710
£688
£1014
£754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
898
pensions
-
-
-
103
health
-
-
-
108
total
-
-
-
1 109
Employee
813
749
2 187
-
health
101
98
108
-
pensions
103
103
103
-
income

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

123
123
474
-
total
327
324
685
-
Employer
813
749
2 187
-
pensions
57
52
65
-
unemployment
29
27
34
-
health
57
52
65
-
total
143
131
164
-
Corporate
1 394
1 470
-
-
income
279
294
-
-
total
279
294
-
-
Dividends
1 115
1 176
-
-
withholding
167
176
-
-
income
237
250
-
-
total
404
426
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 153
1 175
849
1 109
After tax
1 197
1 175
1 501
1 241
Living cost
487
487
487
487
Free-cash
710
688
1 014
754

Estimated living cost  is £487 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1320
£1398
£1089
£1195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
316
income
-
-
-
258
health
-
-
-
317
solidarity contribution
-
-
-
45
total
-
-
-
936
Employee
323
-
1 908
-
solidarity contribution
-
-
35
-
health
44
-
258
-
social contributions
21
-
70
-
income
39
-
237
-
total
104
-
600
-
Employer
323
-
1 908
-
social contributions
81
-
270
-
health
29
-
172
-
total
110
-
442
-
Corporate
1 918
2 350
-
-
income
364
447
-
-
total
364
447
-
-
Dividends
1 553
1 903
-
-
withholding
233
286
-
-
total
233
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
811
733
1 042
936
After tax
1 539
1 617
1 308
1 414
Living cost
219
219
219
219
Free-cash
1 320
1 398
1 089
1 195

Estimated living cost  is £219 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£839
£883
£712
£786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
regional
-
-
-
32
social contributions
-
-
-
439
municipal
-
-
-
15
national
-
-
-
708
total
-
-
-
1 194
Employee
780
-
2 350
-
national
135
-
649
-
regional
7
-
29
-
municipal
4
-
14
-
social contributions
263
-
576
-
total
409
-
1 268
-
Employer
780
-
2 350
-
total
-
-
-
-
Corporate
1 570
2 350
-
-
nationa
377
564
-
-
municipal
61
92
-
-
total
438
656
-
-
Dividends
1 132
1 694
-
-
withholding
294
441
-
-
total
294
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 141
1 097
1 268
1 194
After tax
1 209
1 253
1 082
1 156
Living cost
370
370
370
370
Free-cash
839
883
712
786

Estimated living cost  is £370 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1257
£1284
£854
£907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
791
pensions
-
-
-
234
health
-
-
-
83
surtax
-
-
-
139
total
-
-
-
1 249
Employee
290
-
2 104
-
surtax
1
-
128
-
unemployment
20
-
82
-
other
-
-
-
-
health
7
-
30
-
pensions
19
-
78
-
income
49
-
738
-
total
96
-
1 056
-
Employer
290
-
2 104
-
other
-
-
-
-
pensions
39
-
156
-
unemployment
9
-
37
-
health
13
-
53
-
total
61
-
246
-
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
1 302
1 249
After tax
1 451
1 478
1 048
1 101
Living cost
194
194
194
194
Free-cash
1 257
1 284
854
907

Estimated living cost  is £194 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
£675
£377
£1075
£1143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
47
city
-
-
-
25
regional
-
-
-
141
pensions
-
-
-
216
national
-
-
-
76
health
-
-
-
5
total
-
-
-
510
Employee
816
-
2 122
-
national
4
-
63
-
unemployment
-
-
-
-
city
9
-
23
-
regional
27
-
126
-
health
2
-
5
-
pensions
69
-
157
-
total
111
-
374
-
Employer
816
-
2 122
-
other

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

16
-
42
-
pensions
69
-
157
-
unemployment
-
-
-
-
health
2
-
5
-
total
87
-
204
-
Corporate
1 439
2 350
-
-
regional
304
497
-
-
national
122
200
-
-
total
426
697
-
-
Dividends
1 012
1 653
-
-
withholding
354
579
-
-
total
354
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
978
1 276
578
510
After tax
1 372
1 074
1 772
1 840
Living cost
697
697
697
697
Free-cash
675
377
1 075
1 143

Estimated living cost  is £697 per week

£453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£900
£759
£1027
£694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
333
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.

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 254
Employee

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

527
-
2 350
-
surtax

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

3
-
45
-
health

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

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

60
-
60
-
income

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

62
-
816
-
total
125
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 823
2 350
-
-
trade
313
403
-
-
income
273
352
-
-
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
-
-
total
605
779
-
-
Dividends
1 218
1 570
-
-
withholding
301
389
-
-
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
-
-
total
318
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 048
1 189
921
1 254
After tax
1 302
1 161
1 429
1 096
Living cost
402
402
402
402
Free-cash
900
759
1 027
694

Estimated living cost  is £402 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£937
£884
£860
£954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
490
pensions
-
-
-
342
health
-
-
-
124
surtax
-
-
-
-
total
-
-
-
1 096
Employee
376
-
1 776
-
surtax
-
-
-
-
pensions
42
-
141
-
social contributions
11
-
51
-
income
22
-
424
-
total
75
-
616
-
Employer
376
-
1 776
-
other
13
-
77
-
pensions
62
-
235
-
unemployment
15
-
72
-
social contributions
1
-
5
-
health
26
-
185
-
total
117
-
574
-
Corporate
1 857
2 350
-
-
income
520
658
-
-
surtax
-
-
-
-
total
520
658
-
-
Dividends
1 337
1 692
-
-
withholding
171
217
-
-
social contributions
230
291
-
-
surtax
-
-
-
-
total
401
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 113
1 166
1 190
1 096
After tax
1 237
1 184
1 160
1 254
Living cost
300
300
300
300
Free-cash
937
884
860
954

Estimated living cost  is £300 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£962
£914
£890
£984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
490
pensions
-
-
-
342
health
-
-
-
124
surtax
-
-
-
-
total
-
-
-
1 096
Employee
335
-
1 776
-
surtax
-
-
-
-
pensions
38
-
141
-
social contributions
10
-
51
-
income
17
-
424
-
total
65
-
616
-
Employer
335
-
1 776
-
other
12
-
77
-
pensions
55
-
235
-
unemployment
14
-
72
-
social contributions
1
-
5
-
health
23
-
185
-
total
105
-
574
-
Corporate
1 910
2 350
-
-
income
535
658
-
-
surtax
-
-
-
-
total
535
658
-
-
Dividends
1 375
1 692
-
-
withholding
176
217
-
-
social contributions
237
291
-
-
surtax
-
-
-
-
total
413
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 118
1 166
1 190
1 096
After tax
1 232
1 184
1 160
1 254
Living cost
270
270
270
270
Free-cash
962
914
890
984

Estimated living cost  is £270 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1252
£1247
£678
£1324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
324
income
-
-
-
352
health
-
-
-
164
total
-
-
-
840
Employee
298
-
2 350
-
health
21
-
164
-
social contributions
41
-
324
-
income
50
-
998
-
total
112
-
1 486
-
Employer
298
-
2 350
-
total
-
-
-
-
Corporate
2 052
2 350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

103
118
-
-
total
103
118
-
-
Dividends
1 950
2 232
-
-
health
136
156
-
-
withholding
292
335
-
-
social contributions
269
308
-
-
total
697
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
912
917
1 486
840
After tax
1 438
1 433
864
1 510
Living cost
186
186
186
186
Free-cash
1 252
1 247
678
1 324

Estimated living cost  is £186 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£969
£985
£296
£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
chamber of commerce
-
-
-
9
unemployment
-
-
-
54
income
-
-
-
819
pensions
-
-
-
190
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 152
Employee
438
350
1 983
-
unemployment
13
10
31
-
other
4
3
10
-
health
17
14
40
-
pensions
45
36
105
-
income
50
26
704
-
total
129
89
890
-
Employer
438
350
1 983
-
payroll
13
10
59
-
other
21
17
86
-
accident
6
5
13
-
pensions
55
44
129
-
unemployment
13
10
31
-
chamber of commerce
2
1
8
-
surtax
2
2
2
-
health
17
13
39
-
total
129
102
367
-
Corporate
1 784
1 898
1 950
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

446
474
488
-
total
446
474
488
-
Dividends
1 338
1 423
-
-
withholding
368
391
-
-
total
368
391
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 072
1 056
1 745
1 152
After tax
1 278
1 294
605
1 198
Living cost
309
309
309
309
Free-cash
969
985
296
889

Estimated living cost  is £309 per week

£206
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£862
£948
£461
£704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
219
national
-
-
-
979
communal

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

-
-
-
128
total
-
-
-
1 326
Employee

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

628
-
1 820
-
national
193
-
705
-
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
-
pensions

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

47
-
137
-
communal

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

33
-
95
-
total
307
-
1 039
-
Employer

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

628
-
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
-
pensions

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

56
-
161
-
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
-
surtax
71
-
206
-
health

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

39
-
112
-
total
183
-
530
-
Corporate
1 540
2 350
-
-
income
308
532
-
-
surtax
6
11
-
-
total
314
543
-
-
Dividends
1 226
1 808
-
-
withholding

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

364
539
-
-
total
364
539
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 168
1 082
1 569
1 326
After tax
1 182
1 268
781
1 024
Living cost
320
320
320
320
Free-cash
862
948
461
704

Estimated living cost  is £320 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1180
£1240
£955
£993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
796
pensions
-
-
-
230
accident
-
-
-
7
total
-
-
-
1 040
Employee
437
-
2 091
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
21
-
38
-
income
92
-
766
-
total
120
-
818
-
Employer
437
-
2 091
-
other
3
-
7
-
accident
9
-
16
-
pensions
103
-
192
-
unemployment
24
-
45
-
total
139
-
260
-
Corporate
1 774
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.

266
352
-
-
total
266
352
-
-
Dividends
1 508
1 998
-
-
withholding
328
441
-
-
total
328
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
853
793
1 078
1 040
After tax
1 497
1 557
1 272
1 310
Living cost
317
317
317
317
Free-cash
1 180
1 240
955
993

Estimated living cost  is £317 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£700
£821
£687
£629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
502
pensions
-
-
-
310
accident
-
-
-
17
communal
-
-
-
149
health
-
-
-
145
surtax
-
-
-
121
total
-
-
-
1 244
Employee
664
-
2 101
-
surtax
41
-
129
-
health
30
-
93
-
pensions
53
-
167
-
income
64
-
547
-
total
188
-
936
-
Employer
664
-
2 101
-
accident
6
-
19
-
pensions
53
-
167
-
health
20
-
64
-
total
79
-
250
-
Corporate
1 606
2 350
-
-
income
241
352
-
-
communal
108
159
-
-
surtax
17
25
-
-
total
366
536
-
-
Dividends
1 240
1 814
-
-
withholding
186
272
-
-
income
354
244
-
-
total
540
516
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 173
1 052
1 186
1 244
After tax
1 177
1 298
1 164
1 106
Living cost
477
477
477
477
Free-cash
700
821
687
629

Estimated living cost  is £477 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1253
£1281
£851
£904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
791
pensions
-
-
-
234
health
-
-
-
83
surtax
-
-
-
139
total
-
-
-
1 249
Employee
295
-
2 104
-
surtax
1
-
128
-
unemployment
21
-
82
-
other
-
-
-
-
health
8
-
30
-
pensions
20
-
78
-
income
50
-
738
-
total
100
-
1 056
-
Employer
295
-
2 104
-
other
-
-
-
-
pensions
39
-
156
-
unemployment
9
-
37
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 992
2 350
-
-
income
518
611
-
-
total
518
611
-
-
Dividends
1 474
1 739
-
-
withholding
221
261
-
-
total
221
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
900
872
1 302
1 249
After tax
1 450
1 478
1 048
1 101
Living cost
197
197
197
197
Free-cash
1 253
1 281
851
904

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£979
£999
£839
£913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
regional
-
-
-
39
social contributions
-
-
-
439
municipal
-
-
-
15
national
-
-
-
708
total
-
-
-
1 201
Employee
487
-
2 350
-
national
77
-
649
-
regional
7
-
36
-
municipal
3
-
14
-
social contributions
164
-
576
-
total
251
-
1 275
-
Employer
487
-
2 350
-
total
-
-
-
-
Corporate
1 863
2 350
-
-
nationa
447
564
-
-
municipal
93
117
-
-
total
540
681
-
-
Dividends
1 323
1 669
-
-
withholding
344
434
-
-
total
344
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 135
1 115
1 275
1 201
After tax
1 215
1 235
1 075
1 149
Living cost
236
236
236
236
Free-cash
979
999
839
913

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1251
£1347
£1038
£1144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
316
income
-
-
-
258
health
-
-
-
317
solidarity contribution
-
-
-
45
total
-
-
-
936
Employee
398
-
1 908
-
solidarity contribution
-
-
35
-
health
54
-
258
-
social contributions
26
-
70
-
income
48
-
237
-
total
128
-
600
-
Employer
398
-
1 908
-
social contributions
99
-
270
-
health
36
-
172
-
total
135
-
442
-
Corporate
1 817
2 350
-
-
income
345
447
-
-
total
345
447
-
-
Dividends
1 472
1 903
-
-
withholding
221
286
-
-
total
221
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
829
733
1 042
936
After tax
1 521
1 617
1 308
1 414
Living cost
270
270
270
270
Free-cash
1 251
1 347
1 038
1 144

Estimated living cost  is £270 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£1007
£1014
£325
£920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
9
unemployment
-
-
-
54
income
-
-
-
819
pensions
-
-
-
190
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 150
Employee
384
350
1 985
-
unemployment
12
10
31
-
other
4
3
10
-
health
15
14
40
-
pensions
39
36
105
-
income
34
26
705
-
total
104
89
891
-
Employer
384
350
1 985
-
payroll
12
10
60
-
other
18
17
86
-
accident
5
5
13
-
pensions
48
44
129
-
unemployment
12
10
31
-
chamber of commerce
2
1
8
-
surtax
-
-
-
-
health
15
13
39
-
total
112
100
366
-
Corporate
1 856
1 900
1 952
-
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.

464
475
488
-
total
464
475
488
-
Dividends
1 392
1 425
-
-
withholding
383
392
-
-
total
383
392
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 063
1 056
1 745
1 150
After tax
1 287
1 294
605
1 200
Living cost
280
280
280
280
Free-cash
1 007
1 014
325
920

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£2100
£2120
£1768
£2214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
140
-
2 350
-
income
28
-
470
-
total
28
-
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%.

2 210
2 350
-
-
total
-
-
-
-
Dividends
2 210
2 350
-
-
withholding
110
118
-
-
total
110
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
138
118
470
24
After tax
2 212
2 232
1 880
2 326
Living cost
112
112
112
112
Free-cash
2 100
2 120
1 768
2 214

Estimated living cost  is £112 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1310
£1382
£766
£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

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
income
-
-
-
635
pensions
-
-
-
429
health
-
-
-
231
total
-
-
-
1 299
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.

388
-
2 033
-
unemployment
1
-
3
-
health
25
-
131
-
pensions
60
-
315
-
income
67
-
584
-
total
153
-
1 033
-
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.

388
-
2 033
-
pensions
34
-
180
-
unemployment
-
-
1
-
health
26
-
135
-
total
60
-
316
-
Corporate
1 902
2 350
-
-
income
361
447
-
-
total
361
447
-
-
Dividends
1 540
1 903
-
-
withholding
231
286
-
-
total
231
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
805
733
1 349
1 299
After tax
1 545
1 617
1 001
1 051
Living cost
235
235
235
235
Free-cash
1 310
1 382
766
816

Estimated living cost  is £235 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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£632
£1051
£1856
£1245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
268
income
-
-
-
458
total
-
-
-
726
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
1 040
2 350
-
-
income
229
517
-
-
total
229
517
-
-
Dividends
811
1 833
-
-
income
178
403
-
-
total
178
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 339
920
115
726
After tax
1 011
1 430
2 235
1 624
Living cost
379
379
379
379
Free-cash
632
1 051
1 856
1 245

Estimated living cost  is £379 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1053
£1062
£734
£932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 350
social contributions

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

-
-
-
817
income
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 143
Employee
404
-
1 899
-
surtax
-
-
9
-
social contributions
44
-
209
-
income
84
-
672
-
total
128
-
890
-
Employer
404
-
1 899
-
social contributions
96
-
451
-
total
96
-
451
-
Corporate
1 851
2 350
-
-
income
389
493
-
-
surtax
-
-
-
-
total
389
493
-
-
Dividends
1 462
1 857
-
-
withholding
409
520
-
-
total
409
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 022
1 013
1 341
1 143
After tax
1 328
1 337
1 009
1 207
Living cost
275
275
275
275
Free-cash
1 053
1 062
734
932

Estimated living cost  is £275 per week

£206
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
£821
£760
£736
£830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
490
pensions
-
-
-
342
health
-
-
-
124
surtax
-
-
-
-
total
-
-
-
1 096
Employee
550
-
1 776
-
surtax
-
-
-
-
pensions
62
-
141
-
social contributions
16
-
51
-
income
48
-
424
-
total
126
-
616
-
Employer
550
-
1 776
-
other
19
-
77
-
pensions
90
-
235
-
unemployment
22
-
72
-
social contributions
2
-
5
-
health
38
-
185
-
total
171
-
574
-
Corporate
1 629
2 350
-
-
income
456
658
-
-
surtax
-
-
-
-
total
456
658
-
-
Dividends
1 173
1 692
-
-
withholding
150
217
-
-
social contributions
202
291
-
-
surtax
-
-
-
-
total
352
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 105
1 166
1 190
1 096
After tax
1 245
1 184
1 160
1 254
Living cost
424
424
424
424
Free-cash
821
760
736
830

Estimated living cost  is £424 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1822
£1851
£1502
£1439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
130
social contributions
-
-
-
517
total
-
-
-
647
Employee
282
-
2 035
-
social contributions
18
-
132
-
income
-
-
137
-
total
18
-
269
-
Employer
282
-
2 035
-
social contributions
44
-
315
-
total
44
-
315
-
Corporate
2 024
2 350
-
-
income
202
235
-
-
total
202
235
-
-
Dividends
1 822
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
264
235
584
647
After tax
2 086
2 115
1 766
1 703
Living cost
264
264
264
264
Free-cash
1 822
1 851
1 502
1 439

Estimated living cost  is £264 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
£218
£441
£441
£918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8
municipal
-
-
-
513
labour market
-
-
-
187
national
-
-
-
302
total
-
-
-
1 010
Employee
1 781
1 781
1 781
-
national
218
218
218
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
municipal
380
380
380
-
pensions
5
5
5
-
national
218
218
218
-
labour market
142
142
142
-
total
745
745
745
-
Corporate
441
-
-
-
income
97
-
-
-
total
97
-
-
-
Dividends
344
-
-
-
withholding
126
-
-
-
total
126
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 710
1 487
1 487
1 010
After tax
640
863
863
1 340
Living cost
422
422
422
422
Free-cash
218
441
441
918

Estimated living cost  is £422 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£160
-£5
£1109
£1410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
684
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
746
Employee
306
-
2 162
-
health
35
-
248
-
pensions
34
-
68
-
income
42
-
543
-
total
111
-
859
-
Employer
306
-
2 162
-
accident
5
-
36
-
pensions
50
-
99
-
unemployment
7
-
53
-
total
62
-
188
-
Corporate
1 982
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.

1 784
2 115
-
-
total
1 784
2 115
-
-
Dividends
198
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 995
2 160
1 047
746
After tax
355
190
1 303
1 604
Living cost
194
194
194
194
Free-cash
160
-5
1 109
1 410

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£1112
£1071
£792
£1062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
417
national
-
-
-
501
health
-
-
-
33
total
-
-
-
951
Employee
462
-
1 977
-
national
8
-
336
-
unemployment
7
-
30
-
health
3
-
27
-
municipal
76
-
322
-
pensions
31
-
133
-
total
125
-
848
-
Employer
462
-
1 977
-
accident
-
-
2
-
pensions
80
-
343
-
unemployment
3
-
13
-
health
4
-
15
-
total
87
-
373
-
Corporate
1 801
2 350
-
-
income
360
470
-
-
total
360
470
-
-
Dividends

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

1 081
1 410
-
-
municipal
195
254
-
-
national
134
218
-
-
total
329
472
-
-
Income
2 350
2 350
2 350
2 350
Total tax
901
942
1 221
951
After tax
1 449
1 408
1 129
1 399
Living cost
337
337
337
337
Free-cash
1 112
1 071
792
1 062

Estimated living cost  is £337 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1461
£1510
£1344
£1363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
142
income
-
-
-
582
health
-
-
-
60
total
-
-
-
784
Employee
675
675
2 233
-
health
5
11
38
-
social contributions
26
56
76
-
income
73
62
572
-
total
104
129
686
-
Employer
675
675
2 233
-
social contributions
26
56
76
-
health
6
12
41
-
total
32
68
117
-
Corporate
2 011
1 607
-
-
income
251
201
-
-
total
251
201
-
-
Dividends
1 760
1 406
-
-
withholding
299
239
-
-
total
299
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
637
803
784
After tax
1 664
1 713
1 547
1 566
Living cost
203
203
203
203
Free-cash
1 461
1 510
1 344
1 363

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1762
£1808
£1701
£1877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
income
-
-
-
246
pensions
-
-
-
56
health
-
-
-
32
total
-
-
-
334
Employee

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

201
-
2 264
-
unemployment
1
-
4
-
health
17
-
71
-
pensions
30
-
125
-
income
14
-
224
-
total
62
-
424
-
Employer

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

201
-
2 264
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
2 128
2 350
-
-
income
192
211
-
-
total
192
211
-
-
Dividends
1 936
2 139
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
449
403
510
334
After tax
1 901
1 947
1 840
2 016
Living cost
139
139
139
139
Free-cash
1 762
1 808
1 701
1 877

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1277
£1316
£1031
£1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
796
pensions
-
-
-
230
accident
-
-
-
7
total
-
-
-
1 040
Employee
324
-
2 091
-
unemployment
5
-
13
-
other
-
-
1
-
pensions
15
-
38
-
income
63
-
766
-
total
83
-
818
-
Employer
324
-
2 091
-
other
3
-
7
-
accident
6
-
16
-
pensions
77
-
192
-
unemployment
18
-
45
-
total
104
-
260
-
Corporate
1 922
2 350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

288
352
-
-
total
288
352
-
-
Dividends
1 634
1 998
-
-
withholding
357
441
-
-
total
357
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
832
793
1 078
1 040
After tax
1 518
1 557
1 272
1 310
Living cost
241
241
241
241
Free-cash
1 277
1 316
1 031
1 069

Estimated living cost  is £241 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1447
£1449
£1499
£1501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
811
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
832
Employee
25
-
2 336
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
5
-
income
5
-
811
-
total
8
-
820
-
Employer
25
-
2 336
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
2 319
2 350
-
-
income
510
517
-
-
total
510
517
-
-
Dividends
1 809
1 833
-
-
withholding
362
367
-
-
total
362
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
886
884
834
832
After tax
1 464
1 466
1 516
1 518
Living cost
17
17
17
17
Free-cash
1 447
1 449
1 499
1 501

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1502
£1545
£1402
£1402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
551
pensions
-
-
-
168
health
-
-
-
67
total
-
-
-
796
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.

229
-
2 234
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
32
-
91
-
income
32
-
551
-
total
78
-
680
-
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.

229
-
2 234
-
pensions
27
-
78
-
unemployment
2
-
5
-
health
12
-
33
-
total
41
-
116
-
Corporate
2 081
2 350
-
-
income
312
353
-
-
total
312
353
-
-
Dividends
1 768
1 997
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
696
653
796
796
After tax
1 654
1 697
1 554
1 554
Living cost
152
152
152
152
Free-cash
1 502
1 545
1 402
1 402

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£1096
£1100
£772
£970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 350
social contributions

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

-
-
-
817
income
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 143
Employee
341
-
1 899
-
surtax
-
-
9
-
social contributions
37
-
209
-
income
67
-
672
-
total
104
-
890
-
Employer
341
-
1 899
-
social contributions
81
-
451
-
total
81
-
451
-
Corporate
1 929
2 350
-
-
income
405
493
-
-
surtax
-
-
-
-
total
405
493
-
-
Dividends
1 524
1 857
-
-
withholding
427
520
-
-
total
427
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 017
1 013
1 341
1 143
After tax
1 333
1 337
1 009
1 207
Living cost
237
237
237
237
Free-cash
1 096
1 100
772
970

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1191
£1249
£964
£1002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
796
pensions
-
-
-
230
accident
-
-
-
7
total
-
-
-
1 040
Employee
424
-
2 091
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
20
-
38
-
income
89
-
766
-
total
116
-
818
-
Employer
424
-
2 091
-
other
3
-
7
-
accident
8
-
16
-
pensions
100
-
192
-
unemployment
23
-
45
-
total
134
-
260
-
Corporate
1 791
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.

269
352
-
-
total
269
352
-
-
Dividends
1 522
1 998
-
-
withholding
332
441
-
-
total
332
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
851
793
1 078
1 040
After tax
1 499
1 557
1 272
1 310
Living cost
308
308
308
308
Free-cash
1 191
1 249
964
1 002

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1805
£1858
£1866
£1765
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
434
Employee
200
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
229
-
total
49
-
273
-
Employer
200
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
2 110
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 899
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
394
341
333
434
After tax
1 956
2 009
2 017
1 916
Living cost
151
151
151
151
Free-cash
1 805
1 858
1 866
1 765

Estimated living cost  is £151 per week

£100
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
£983
£870
£1090
£811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
279
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.

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 200
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
-
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.

60
-
60
-
income

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

36
-
816
-
total
98
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 913
2 350
-
-
trade
275
337
-
-
income
287
352
-
-
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
-
-
total
582
713
-
-
Dividends
1 332
1 636
-
-
withholding
330
406
-
-
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
-
-
total
348
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 028
1 141
921
1 200
After tax
1 322
1 209
1 429
1 150
Living cost
339
339
339
339
Free-cash
983
870
1 090
811

Estimated living cost  is £339 per week

£234
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1165
£1145
£644
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
411
income
-
-
-
795
total
-
-
-
1 206
Employee
686
-
2 350
-
social contributions
57
-
411
-
income
129
-
795
-
total
186
-
1 206
-
Employer
686
-
2 350
-
total
-
-
-
-
Corporate
1 664
2 350
-
-
income
208
294
-
-
total
208
294
-
-
Dividends
1 456
2 056
-
-
withholding
291
411
-
-
total
291
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
705
1 206
1 206
After tax
1 665
1 645
1 144
1 144
Living cost
500
500
500
500
Free-cash
1 165
1 145
644
644

Estimated living cost  is £500 per week

£380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1194
£1164
£1305
£1626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54
income
-
-
-
352
total
-
-
-
406
Employee
403
-
2 310
-
social contributions
40
-
40
-
income
44
-
647
-
total
84
-
687
-
Employer
403
-
2 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 907
2 350
-
-
income
668
822
-
-
total
668
822
-
-
Dividends
1 240
1 528
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
868
727
406
After tax
1 512
1 482
1 623
1 944
Living cost
318
318
318
318
Free-cash
1 194
1 164
1 305
1 626

Estimated living cost  is £318 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
£157
-£24
£1089
£1390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
684
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
746
Employee
336
-
2 162
-
health
38
-
248
-
pensions
38
-
68
-
income
46
-
543
-
total
122
-
859
-
Employer
336
-
2 162
-
accident
6
-
36
-
pensions
55
-
99
-
unemployment
8
-
53
-
total
69
-
188
-
Corporate
1 945
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.

1 751
2 115
-
-
total
1 751
2 115
-
-
Dividends
195
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 979
2 160
1 047
746
After tax
371
190
1 303
1 604
Living cost
214
214
214
214
Free-cash
157
-24
1 089
1 390

Estimated living cost  is £214 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1653
£1680
£1639
£1446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
400
pensions
-
-
-
258
health insurance
-
-
-
104
work injury
-
-
-
7
total
-
-
-
786
Employee

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

190
-
2 350
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
400
-
total
71
-
593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 160
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
1 944
2 115
-
-
withholding
292
317
-
-
total
292
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
579
552
593
786
After tax
1 771
1 798
1 757
1 564
Living cost
118
118
118
118
Free-cash
1 653
1 680
1 639
1 446

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£848
£888
£703
£775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
61
social contributions
-
-
-
439
municipal
-
-
-
17
national
-
-
-
708
total
-
-
-
1 225
Employee
739
-
2 350
-
national
125
-
649
-
regional
11
-
56
-
municipal
4
-
16
-
social contributions
249
-
576
-
total
389
-
1 297
-
Employer
739
-
2 350
-
total
-
-
-
-
Corporate
1 611
2 350
-
-
nationa
387
564
-
-
municipal
78
113
-
-
total
465
677
-
-
Dividends
1 146
1 673
-
-
withholding
298
435
-
-
total
298
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 112
1 297
1 225
After tax
1 198
1 238
1 053
1 125
Living cost
350
350
350
350
Free-cash
848
888
703
775

Estimated living cost  is £350 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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