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
£918
£1164
£858
£1015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
815
surtax

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

-
-
-
45
health

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

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

-
-
-
60
trade
-
-
-
306
total
-
-
-
1 226
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
-
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
-
815
-
health

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

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

60
-
60
-
total
70
-
920
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 014
2 350
-
-
income
302
353
-
-
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
-
-
trade
317
370
-
-
total
640
747
-
-
Dividends
1 374
1 603
-
-
surtax

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

19
22
-
-
withholding
340
397
-
-
total
359
419
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 069
1 166
920
1 226
After tax
1 281
1 184
1 430
1 124
Living cost
266
266
266
266
Free-cash
1 015
918
1 164
858

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
£999
£863
£851
£992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
25
municipal
-
-
-
263
national
-
-
-
462
pensions
-
-
-
282
total
-
-
-
1 032
Employee
723
-
2 032
-
municipal
89
-
272
-
pensions
29
-
81
-
national
138
-
482
-
total
256
-
835
-
Employer
723
-
2 032
-
pensions
58
-
163
-
social contributions
8
-
22
-
total
66
-
185
-
Corporate
1 513
2 350
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

303
470
-
-
total
303
470
-
-
Dividends
1 211
1 880
-
-
withholding
266
414
-
-
total
266
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
891
884
1 020
1 032
After tax
1 459
1 466
1 330
1 318
Living cost
467
467
467
467
Free-cash
992
999
863
851

Estimated living cost  is £467 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1697
£859
£697
£1625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
534
surtax
-
-
-
599
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.

-
-
-
337
microenterprise
-
-
-
-
total
-
-
-
1 470
Employee
257
-
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
-
459
-
total
74
-
848
-
Employer
257
-
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
2 031
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
1 308
1 470
After tax
1 808
1 880
1 042
880
Living cost
183
183
183
183
Free-cash
1 625
1 697
859
697

Estimated living cost  is £183 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£807
£1134
£874
£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
-
-
-
897
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 108
Employee
750
750
2 187
-
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
473
-
health
115
98
108
-
total
373
324
684
-
Employer
750
750
2 187
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
1 478
1 468
-
-
income
296
294
-
-
total
296
294
-
-
Dividends
1 182
1 175
-
-
income
251
250
-
-
withholding
177
176
-
-
total
428
426
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 228
1 175
848
1 108
After tax
1 122
1 175
1 502
1 242
Living cost
368
368
368
368
Free-cash
754
807
1 134
874

Estimated living cost  is £368 per week

£261
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
£923
£790
£799
£914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
633
national
-
-
-
329
pensions
-
-
-
85
total
-
-
-
1 191
Employee
513
-
2 102
-
municipal
153
-
627
-
national
-
-
324
-
total
153
-
951
-
Employer
513
-
2 102
-
health
32
-
49
-
pensions
55
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
162
-
249
-
Corporate
1 676
2 350
-
-
income
369
517
-
-
total
369
517
-
-
Dividends
1 307
1 833
-
-
withholding
392
550
-
-
total
392
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 076
1 067
1 200
1 191
After tax
1 274
1 283
1 150
1 159
Living cost
360
360
360
360
Free-cash
914
923
790
799

Estimated living cost  is £360 per week

£239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£826
£1085
£766
£950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
income

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

-
-
-
815
surtax

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

-
-
-
45
health

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

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

-
-
-
60
trade
-
-
-
319
total
-
-
-
1 239
Employee

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

446
-
2 350
-
surtax

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

2
-
45
-
income

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

38
-
815
-
health

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

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

60
-
60
-
total
100
-
920
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 904
2 350
-
-
income
286
353
-
-
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
-
-
trade
313
387
-
-
total
619
764
-
-
Dividends
1 286
1 587
-
-
surtax

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

18
22
-
-
withholding
318
393
-
-
total
336
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 055
1 179
920
1 239
After tax
1 295
1 171
1 430
1 111
Living cost
345
345
345
345
Free-cash
950
826
1 085
766

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
£1426
£1262
£1281
£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
income
-
-
-
582
social contributions
-
-
-
142
health
-
-
-
60
total
-
-
-
784
Employee
676
676
2 233
-
social contributions
33
56
76
-
income
71
63
572
-
health
7
11
38
-
total
111
130
686
-
Employer
676
676
2 233
-
health
7
13
41
-
social contributions
33
56
76
-
total
40
69
117
-
Corporate
1 914
1 606
-
-
income
239
201
-
-
total
239
201
-
-
Dividends
1 675
1 405
-
-
withholding
285
239
-
-
total
285
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
675
639
803
784
After tax
1 675
1 711
1 547
1 566
Living cost
285
285
285
285
Free-cash
1 390
1 426
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
£1159
£1202
£1468
£1163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
287
unemployment
-
-
-
35
health
-
-
-
164
pensions
-
-
-
235
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.

233
93
1 967
-
unemployment
3
1
29
-
pensions
23
9
197
-
income
28
11
240
-
health
16
6
138
-
total
70
27
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.

233
93
1 967
-
pensions
45
18
383
-
total
45
18
383
-
Corporate
2 072
2 239
-
-
income
186
202
-
-
total
186
202
-
-
Dividends
1 885
2 038
-
-
social contributions
367
396
-
-
withholding
358
387
-
-
total
725
783
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 026
1 030
987
721
After tax
1 324
1 320
1 363
1 629
Living cost
161
161
161
161
Free-cash
1 163
1 159
1 202
1 468

Estimated living cost  is £161 per week

£110
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
£1668
£1143
£1048
£1614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
305
pensions
-
-
-
470
total
-
-
-
1 090
Employee
249
-
1 756
-
unemployment
4
-
28
-
pensions
5
-
35
-
income
28
-
339
-
total
37
-
402
-
Employer
249
-
1 756
-
health
32
-
228
-
pensions
50
-
351
-
unemployment
2
-
14
-
total
84
-
593
-
Corporate
2 017
2 350
-
-
income
403
470
-
-
total
403
470
-
-
Dividends
1 613
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
524
470
995
1 090
After tax
1 826
1 880
1 355
1 260
Living cost
212
212
212
212
Free-cash
1 614
1 668
1 143
1 048

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£6
£1108
£1409
£159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
income
-
-
-
684
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
745
Employee
308
-
2 163
-
pensions
35
-
68
-
income
42
-
543
-
health
35
-
248
-
total
112
-
859
-
Employer
308
-
2 163
-
pensions
50
-
98
-
accident
5
-
36
-
unemployment
8
-
53
-
total
63
-
187
-
Corporate
1 979
2 350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 782
2 115
-
-
total
1 782
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
1 046
745
After tax
355
190
1 304
1 605
Living cost
196
196
196
196
Free-cash
159
-6
1 108
1 409

Estimated living cost  is £196 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2161
£1809
£2256
£2148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
89
-
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%.

2 261
2 350
-
-
total
-
-
-
-
Dividends
2 261
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
131
118
470
23
After tax
2 219
2 232
1 880
2 327
Living cost
71
71
71
71
Free-cash
2 148
2 161
1 809
2 256

Estimated living cost  is £71 per week

£44
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
£1493
£1215
£1233
£1434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
440
other
-
-
-
63
health
-
-
-
59
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.

-
-
-
321
total
-
-
-
883
Employee
319
-
2 008
-
unemployment
3
-
13
-
pensions

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

22
-
94
-
income
55
-
433
-
health
4
-
19
-
total
84
-
559
-
Employer
319
-
2 008
-
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.

54
-
227
-
accident
3
-
16
-
unemployment
3
-
13
-
other
16
-
67
-
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
883
After tax
1 668
1 727
1 449
1 467
Living cost
234
234
234
234
Free-cash
1 434
1 493
1 215
1 233

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
£867
£704
£913
£936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1894
£1902
£1802
£1852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
352
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
433
Employee
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.

13
-
27
-
income
15
-
229
-
health
7
-
14
-
total
37
-
273
-
Employer
153
-
2 290
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
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
433
After tax
1 967
2 009
2 017
1 917
Living cost
115
115
115
115
Free-cash
1 852
1 894
1 902
1 802

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
£688
£1015
£755
£709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
897
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 108
Employee
814
750
2 187
-
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
473
-
health
102
98
108
-
total
328
324
684
-
Employer
814
750
2 187
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
1 393
1 468
-
-
income
279
294
-
-
total
279
294
-
-
Dividends
1 114
1 175
-
-
income
237
250
-
-
withholding
167
176
-
-
total
404
426
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 154
1 175
848
1 108
After tax
1 196
1 175
1 502
1 242
Living cost
487
487
487
487
Free-cash
709
688
1 015
755

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.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1400
£1091
£1198
£1322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
258
social contributions
-
-
-
314
solidarity contribution
-
-
-
45
health
-
-
-
317
total
-
-
-
934
Employee
321
-
1 909
-
solidarity contribution
-
-
35
-
social contributions
21
-
70
-
income
39
-
237
-
health
43
-
258
-
total
103
-
600
-
Employer
321
-
1 909
-
health
29
-
172
-
social contributions
80
-
269
-
total
109
-
441
-
Corporate
1 920
2 350
-
-
income
365
446
-
-
total
365
446
-
-
Dividends
1 555
1 904
-
-
withholding
233
286
-
-
total
233
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
810
732
1 041
934
After tax
1 540
1 618
1 309
1 416
Living cost
218
218
218
218
Free-cash
1 322
1 400
1 091
1 198

Estimated living cost  is £218 per week

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

Source of data for Brno model

Close
Milan , Italy
£882
£711
£785
£838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
440
regional
-
-
-
31
municipal
-
-
-
15
national
-
-
-
708
total
-
-
-
1 194
Employee
781
-
2 350
-
municipal
4
-
14
-
national
135
-
649
-
regional
7
-
29
-
social contributions
263
-
576
-
total
409
-
1 268
-
Employer
781
-
2 350
-
total
-
-
-
-
Corporate
1 569
2 350
-
-
municipal
61
92
-
-
nationa
377
564
-
-
total
438
656
-
-
Dividends
1 131
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
371
371
371
371
Free-cash
838
882
711
785

Estimated living cost  is £371 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
£1284
£854
£908
£1257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
790
other
-
-
-
-
surtax
-
-
-
139
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 248
Employee
291
-
2 103
-
other
-
-
-
-
unemployment
20
-
82
-
pensions
19
-
78
-
surtax
1
-
128
-
income
49
-
738
-
health
7
-
30
-
total
96
-
1 056
-
Employer
291
-
2 103
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
1 998
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
1 248
After tax
1 451
1 478
1 048
1 102
Living cost
194
194
194
194
Free-cash
1 257
1 284
854
908

Estimated living cost  is £194 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£377
£1075
£1143
£677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
141
health
-
-
-
5
city
-
-
-
25
national
-
-
-
76
pensions
-
-
-
216
total
-
-
-
510
Employee
815
-
2 122
-
unemployment
-
-
-
-
pensions
68
-
157
-
national
4
-
63
-
regional
27
-
126
-
city
9
-
23
-
health
2
-
5
-
total
110
-
374
-
Employer
815
-
2 122
-
health
2
-
5
-
pensions
68
-
157
-
unemployment
-
-
-
-
other

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

16
-
42
-
total
86
-
204
-
Corporate
1 439
2 350
-
-
regional
304
497
-
-
national
122
200
-
-
total
426
697
-
-
Dividends
1 013
1 653
-
-
withholding
354
579
-
-
total
354
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
976
1 276
578
510
After tax
1 374
1 074
1 772
1 840
Living cost
697
697
697
697
Free-cash
677
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
£758
£1028
£695
£901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
income

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

-
-
-
815
surtax

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

-
-
-
45
health

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

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

-
-
-
60
trade
-
-
-
333
total
-
-
-
1 253
Employee

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

528
-
2 350
-
surtax

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

3
-
45
-
income

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

62
-
815
-
health

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

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

60
-
60
-
total
125
-
920
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 822
2 350
-
-
income
273
353
-
-
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
-
-
trade
312
403
-
-
total
604
780
-
-
Dividends
1 217
1 570
-
-
surtax

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

17
21
-
-
withholding
301
389
-
-
total
318
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 047
1 190
920
1 253
After tax
1 303
1 160
1 430
1 097
Living cost
402
402
402
402
Free-cash
901
758
1 028
695

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
£883
£861
£952
£935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
490
other
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
67
health
-
-
-
124
pensions
-
-
-
343
total
-
-
-
1 097
Employee
376
-
1 776
-
pensions
43
-
141
-
surtax
-
-
-
-
social contributions
11
-
51
-
income
22
-
423
-
total
76
-
615
-
Employer
376
-
1 776
-
health
26
-
185
-
pensions
62
-
234
-
unemployment
15
-
72
-
social contributions
1
-
5
-
other
13
-
77
-
total
117
-
573
-
Corporate
1 857
2 350
-
-
income
520
658
-
-
surtax
-
-
-
-
total
520
658
-
-
Dividends
1 337
1 692
-
-
surtax
-
-
-
-
social contributions
230
291
-
-
withholding
171
217
-
-
total
401
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 114
1 166
1 188
1 097
After tax
1 236
1 184
1 162
1 253
Living cost
301
301
301
301
Free-cash
935
883
861
952

Estimated living cost  is £301 per week

£190
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£913
£891
£982
£962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
490
other
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
67
health
-
-
-
124
pensions
-
-
-
343
total
-
-
-
1 097
Employee
336
-
1 776
-
pensions
38
-
141
-
surtax
-
-
-
-
social contributions
10
-
51
-
income
17
-
423
-
total
65
-
615
-
Employer
336
-
1 776
-
health
23
-
185
-
pensions
55
-
234
-
unemployment
14
-
72
-
social contributions
1
-
5
-
other
12
-
77
-
total
105
-
573
-
Corporate
1 910
2 350
-
-
income
535
658
-
-
surtax
-
-
-
-
total
535
658
-
-
Dividends
1 375
1 692
-
-
surtax
-
-
-
-
social contributions
236
291
-
-
withholding
176
217
-
-
total
412
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 117
1 166
1 188
1 097
After tax
1 233
1 184
1 162
1 253
Living cost
271
271
271
271
Free-cash
962
913
891
982

Estimated living cost  is £271 per week

£157
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 Marseille model

Close
Vilnius , Lithuania
£1248
£678
£1323
£1252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
353
social contributions
-
-
-
324
health
-
-
-
164
total
-
-
-
841
Employee
298
-
2 350
-
social contributions
41
-
324
-
income
50
-
998
-
health
21
-
164
-
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
117
-
-
total
103
117
-
-
Dividends
1 950
2 233
-
-
social contributions
269
308
-
-
withholding
292
335
-
-
health
136
156
-
-
total
697
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
912
916
1 486
841
After tax
1 438
1 434
864
1 509
Living cost
186
186
186
186
Free-cash
1 252
1 248
678
1 323

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
£980
£296
£887
£968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
819
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 153
Employee
439
350
1 983
-
other
4
4
10
-
unemployment
13
11
31
-
pensions
45
36
105
-
income
50
26
704
-
health
17
14
40
-
total
129
91
890
-
Employer
439
350
1 983
-
chamber of commerce
2
1
8
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
11
31
-
surtax
2
2
2
-
payroll
13
11
59
-
other
21
17
86
-
total
129
104
367
-
Corporate
1 783
1 897
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
487
-
total
446
474
487
-
Dividends
1 337
1 423
-
-
withholding
368
391
-
-
total
368
391
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 072
1 060
1 744
1 153
After tax
1 278
1 290
606
1 197
Living cost
310
310
310
310
Free-cash
968
980
296
887

Estimated living cost  is £310 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
£949
£461
£704
£861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
128
social contributions
-
-
-
219
national
-
-
-
979
total
-
-
-
1 326
Employee

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

628
-
1 820
-
unemployment

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

5
-
16
-
communal

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

33
-
95
-
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
-
national
193
-
705
-
health

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

30
-
86
-
total
308
-
1 039
-
Employer

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

628
-
1 820
-
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
-
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
-
accident

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

8
-
24
-
unemployment

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

9
-
27
-
surtax
71
-
206
-
total
183
-
530
-
Corporate
1 539
2 350
-
-
income
308
531
-
-
surtax
6
11
-
-
total
314
542
-
-
Dividends
1 225
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
1 169
1 081
1 569
1 326
After tax
1 181
1 269
781
1 024
Living cost
320
320
320
320
Free-cash
861
949
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
£1239
£955
£993
£1180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
796
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 040
Employee
437
-
2 090
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
766
-
total
120
-
818
-
Employer
437
-
2 090
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
Corporate
1 773
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
353
-
-
total
266
353
-
-
Dividends
1 507
1 997
-
-
withholding
328
441
-
-
total
328
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
853
794
1 078
1 040
After tax
1 497
1 556
1 272
1 310
Living cost
317
317
317
317
Free-cash
1 180
1 239
955
993

Estimated living cost  is £317 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£820
£688
£628
£700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
communal
-
-
-
149
accident
-
-
-
17
income
-
-
-
501
surtax
-
-
-
121
health
-
-
-
146
pensions
-
-
-
311
total
-
-
-
1 245
Employee
665
-
2 100
-
pensions
53
-
167
-
surtax
41
-
129
-
income
64
-
546
-
health
30
-
93
-
total
188
-
935
-
Employer
665
-
2 100
-
health
20
-
64
-
pensions
53
-
167
-
accident
6
-
19
-
total
79
-
250
-
Corporate
1 605
2 350
-
-
communal
108
159
-
-
income
241
353
-
-
surtax
17
25
-
-
total
366
537
-
-
Dividends
1 239
1 814
-
-
income
354
244
-
-
withholding
186
272
-
-
total
540
516
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 173
1 053
1 185
1 245
After tax
1 177
1 297
1 165
1 105
Living cost
477
477
477
477
Free-cash
700
820
688
628

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
£1281
£851
£905
£1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
790
other
-
-
-
-
surtax
-
-
-
139
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 248
Employee
296
-
2 103
-
other
-
-
-
-
unemployment
21
-
82
-
pensions
20
-
78
-
surtax
1
-
128
-
income
50
-
738
-
health
8
-
30
-
total
100
-
1 056
-
Employer
296
-
2 103
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
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
1 248
After tax
1 450
1 478
1 048
1 102
Living cost
197
197
197
197
Free-cash
1 253
1 281
851
905

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
£998
£838
£911
£978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
440
regional
-
-
-
39
municipal
-
-
-
15
national
-
-
-
708
total
-
-
-
1 202
Employee
487
-
2 350
-
municipal
3
-
14
-
national
77
-
649
-
regional
7
-
36
-
social contributions
164
-
576
-
total
251
-
1 275
-
Employer
487
-
2 350
-
total
-
-
-
-
Corporate
1 863
2 350
-
-
municipal
93
117
-
-
nationa
447
564
-
-
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
1 202
After tax
1 215
1 235
1 075
1 148
Living cost
237
237
237
237
Free-cash
978
998
838
911

Estimated living cost  is £237 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
£1349
£1040
£1147
£1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
258
social contributions
-
-
-
314
solidarity contribution
-
-
-
45
health
-
-
-
317
total
-
-
-
934
Employee
396
-
1 909
-
solidarity contribution
-
-
35
-
social contributions
26
-
70
-
income
47
-
237
-
health
53
-
258
-
total
126
-
600
-
Employer
396
-
1 909
-
health
36
-
172
-
social contributions
99
-
269
-
total
135
-
441
-
Corporate
1 820
2 350
-
-
income
346
446
-
-
total
346
446
-
-
Dividends
1 474
1 904
-
-
withholding
221
286
-
-
total
221
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
828
732
1 041
934
After tax
1 522
1 618
1 309
1 416
Living cost
269
269
269
269
Free-cash
1 253
1 349
1 040
1 147

Estimated living cost  is £269 per week

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

Source of data for Prague model

Close
Graz , Austria
£1010
£326
£919
£1007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
819
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
9
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 151
Employee
384
350
1 985
-
other
4
4
10
-
unemployment
12
11
31
-
pensions
39
36
105
-
income
34
26
704
-
health
15
14
40
-
total
104
91
890
-
Employer
384
350
1 985
-
chamber of commerce
2
1
8
-
health
15
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
12
11
31
-
surtax
-
-
-
-
payroll
12
11
60
-
other
18
17
86
-
total
112
102
366
-
Corporate
1 855
1 899
1 951
-
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
1 424
-
-
withholding
383
392
-
-
total
383
392
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 063
1 060
1 744
1 151
After tax
1 287
1 290
606
1 199
Living cost
280
280
280
280
Free-cash
1 007
1 010
326
919

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2121
£1769
£2216
£2100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
138
-
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%.

2 212
2 350
-
-
total
-
-
-
-
Dividends
2 212
2 350
-
-
withholding
111
118
-
-
total
111
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
139
118
470
23
After tax
2 211
2 232
1 880
2 327
Living cost
111
111
111
111
Free-cash
2 100
2 121
1 769
2 216

Estimated living cost  is £111 per week

£75
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.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1382
£766
£816
£1309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
634
unemployment
-
-
-
4
health
-
-
-
231
pensions
-
-
-
429
total
-
-
-
1 298
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
-
pensions
60
-
315
-
income
67
-
583
-
health
25
-
131
-
total
153
-
1 032
-
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
-
health
26
-
135
-
pensions
34
-
180
-
unemployment
-
-
1
-
total
60
-
316
-
Corporate
1 901
2 350
-
-
income
361
446
-
-
total
361
446
-
-
Dividends
1 540
1 904
-
-
withholding
231
286
-
-
total
231
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
805
732
1 348
1 298
After tax
1 545
1 618
1 002
1 052
Living cost
236
236
236
236
Free-cash
1 309
1 382
766
816

Estimated living cost  is £236 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
£1046
£1849
£1240
£622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
458
social contributions
-
-
-
268
total
-
-
-
726
Employee
551
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
551
-
-
-
social contributions
777
-
111
-
total
777
-
111
-
Corporate
1 022
2 350
-
-
income
225
517
-
-
total
225
517
-
-
Dividends
797
1 833
-
-
income
175
403
-
-
total
175
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 344
920
117
726
After tax
1 006
1 430
2 233
1 624
Living cost
384
384
384
384
Free-cash
622
1 046
1 849
1 240

Estimated living cost  is £384 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1061
£733
£931
£1052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
326
surtax
-
-
-
-
social contributions

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

-
-
-
817
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
1 850
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
276
276
276
276
Free-cash
1 052
1 061
733
931

Estimated living cost  is £276 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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£760
£738
£829
£820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
490
other
-
-
-
73
surtax
-
-
-
-
social contributions
-
-
-
67
health
-
-
-
124
pensions
-
-
-
343
total
-
-
-
1 097
Employee
550
-
1 776
-
pensions
62
-
141
-
surtax
-
-
-
-
social contributions
16
-
51
-
income
48
-
423
-
total
126
-
615
-
Employer
550
-
1 776
-
health
39
-
185
-
pensions
90
-
234
-
unemployment
22
-
72
-
social contributions
2
-
5
-
other
19
-
77
-
total
172
-
573
-
Corporate
1 628
2 350
-
-
income
456
658
-
-
surtax
-
-
-
-
total
456
658
-
-
Dividends
1 172
1 692
-
-
surtax
-
-
-
-
social contributions
202
291
-
-
withholding
150
217
-
-
total
352
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 106
1 166
1 188
1 097
After tax
1 244
1 184
1 162
1 253
Living cost
424
424
424
424
Free-cash
820
760
738
829

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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
130
social contributions
-
-
-
517
total
-
-
-
647
Employee
282
-
2 035
-
income
-
-
137
-
social contributions
18
-
132
-
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
1 821
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
£436
£436
£917
£215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
labour market
-
-
-
187
municipal
-
-
-
513
national
-
-
-
302
pensions
-
-
-
8
total
-
-
-
1 010
Employee
1 785
1 785
1 785
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 785
1 785
1 785
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
437
-
-
-
income
96
-
-
-
total
96
-
-
-
Dividends
341
-
-
-
withholding
125
-
-
-
total
125
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 712
1 491
1 491
1 010
After tax
638
859
859
1 340
Living cost
423
423
423
423
Free-cash
215
436
436
917

Estimated living cost  is £423 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.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£3
£1111
£1412
£161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
income
-
-
-
684
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
745
Employee
303
-
2 163
-
pensions
34
-
68
-
income
42
-
543
-
health
35
-
248
-
total
111
-
859
-
Employer
303
-
2 163
-
pensions
49
-
98
-
accident
5
-
36
-
unemployment
7
-
53
-
total
61
-
187
-
Corporate
1 985
2 350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £193 per week

£140
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
£1071
£793
£1062
£1114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
2 350
health
-
-
-
33
municipal
-
-
-
417
national
-
-
-
501
total
-
-
-
951
Employee
462
-
1 977
-
municipal
76
-
322
-
unemployment
7
-
30
-
pensions
31
-
133
-
national
8
-
335
-
health
3
-
27
-
total
125
-
847
-
Employer
462
-
1 977
-
health
4
-
15
-
pensions
80
-
343
-
accident
-
-
2
-
unemployment
3
-
13
-
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.

1 080
1 410
-
-
municipal
194
254
-
-
national
133
218
-
-
total
327
472
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
942
1 220
951
After tax
1 451
1 408
1 130
1 399
Living cost
337
337
337
337
Free-cash
1 114
1 071
793
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
£1508
£1344
£1363
£1460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
582
social contributions
-
-
-
142
health
-
-
-
60
total
-
-
-
784
Employee
676
676
2 233
-
social contributions
26
56
76
-
income
74
63
572
-
health
5
11
38
-
total
105
130
686
-
Employer
676
676
2 233
-
health
6
13
41
-
social contributions
26
56
76
-
total
32
69
117
-
Corporate
2 011
1 606
-
-
income
251
201
-
-
total
251
201
-
-
Dividends
1 760
1 405
-
-
withholding
299
239
-
-
total
299
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
687
639
803
784
After tax
1 663
1 711
1 547
1 566
Living cost
203
203
203
203
Free-cash
1 460
1 508
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1807
£1701
£1877
£1763
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

202
-
2 264
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
224
-
health
17
-
71
-
total
62
-
424
-
Employer

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

202
-
2 264
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
2 128
2 350
-
-
income
191
212
-
-
total
191
212
-
-
Dividends
1 936
2 138
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
448
404
510
334
After tax
1 902
1 946
1 840
2 016
Living cost
139
139
139
139
Free-cash
1 763
1 807
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
£1314
£1030
£1068
£1276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
796
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 040
Employee
325
-
2 090
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
766
-
total
83
-
818
-
Employer
325
-
2 090
-
pensions
77
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
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
353
-
-
total
288
353
-
-
Dividends
1 633
1 997
-
-
withholding
357
441
-
-
total
357
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
832
794
1 078
1 040
After tax
1 518
1 556
1 272
1 310
Living cost
242
242
242
242
Free-cash
1 276
1 314
1 030
1 068

Estimated living cost  is £242 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
£1449
£1499
£1501
£1447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
832
Employee
26
-
2 336
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
810
-
health
1
-
3
-
total
8
-
820
-
Employer
26
-
2 336
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
2 318
2 350
-
-
income
510
517
-
-
total
510
517
-
-
Dividends
1 808
1 833
-
-
withholding
362
367
-
-
total
362
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
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
£1546
£1402
£1401
£1502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
551
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
797
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
-
pensions
32
-
91
-
income
32
-
551
-
health
12
-
33
-
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
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
2 080
2 350
-
-
income
312
352
-
-
total
312
352
-
-
Dividends
1 768
1 998
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
696
652
796
797
After tax
1 654
1 698
1 554
1 553
Living cost
152
152
152
152
Free-cash
1 502
1 546
1 402
1 401

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
£1100
£772
£970
£1096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
income
-
-
-
326
surtax
-
-
-
-
social contributions

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

-
-
-
817
total
-
-
-
1 143
Employee
341
-
1 899
-
surtax
-
-
9
-
social contributions
38
-
209
-
income
67
-
672
-
total
105
-
890
-
Employer
341
-
1 899
-
social contributions
81
-
451
-
total
81
-
451
-
Corporate
1 928
2 350
-
-
income
405
493
-
-
surtax
-
-
-
-
total
405
493
-
-
Dividends
1 523
1 857
-
-
withholding
426
520
-
-
total
426
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
£1247
£963
£1001
£1191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
796
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 040
Employee
424
-
2 090
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
89
-
766
-
total
116
-
818
-
Employer
424
-
2 090
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
Corporate
1 790
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
353
-
-
total
269
353
-
-
Dividends
1 522
1 997
-
-
withholding
331
441
-
-
total
331
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
850
794
1 078
1 040
After tax
1 500
1 556
1 272
1 310
Living cost
309
309
309
309
Free-cash
1 191
1 247
963
1 001

Estimated living cost  is £309 per week

£222
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
£1858
£1866
£1766
£1805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
352
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
433
Employee
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.

18
-
27
-
income
20
-
229
-
health
9
-
14
-
total
49
-
273
-
Employer
200
-
2 290
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
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
433
After tax
1 956
2 009
2 017
1 917
Living cost
151
151
151
151
Free-cash
1 805
1 858
1 866
1 766

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
£869
£1091
£812
£983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
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.

-
-
-
815
surtax

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

-
-
-
45
health

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

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

-
-
-
60
trade
-
-
-
279
total
-
-
-
1 199
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
-
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
-
815
-
health

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

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

60
-
60
-
total
98
-
920
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 913
2 350
-
-
income
287
353
-
-
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
-
-
trade
275
337
-
-
total
582
714
-
-
Dividends
1 332
1 636
-
-
surtax

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

18
22
-
-
withholding
330
406
-
-
total
348
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 028
1 142
920
1 199
After tax
1 322
1 208
1 430
1 151
Living cost
339
339
339
339
Free-cash
983
869
1 091
812

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
£1145
£644
£644
£1164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
795
social contributions
-
-
-
411
total
-
-
-
1 206
Employee
687
-
2 350
-
income
130
-
795
-
social contributions
57
-
411
-
total
187
-
1 206
-
Employer
687
-
2 350
-
total
-
-
-
-
Corporate
1 663
2 350
-
-
income
208
294
-
-
total
208
294
-
-
Dividends
1 455
2 056
-
-
withholding
291
411
-
-
total
291
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
705
1 206
1 206
After tax
1 664
1 645
1 144
1 144
Living cost
500
500
500
500
Free-cash
1 164
1 145
644
644

Estimated living cost  is £500 per week

£381
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
£1163
£1304
£1625
£1194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 350
income
-
-
-
353
health

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

-
-
-
53
total
-
-
-
406
Employee
403
-
2 310
-
income
44
-
647
-
social contributions
40
-
40
-
total
84
-
687
-
Employer
403
-
2 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 907
2 350
-
-
income
667
822
-
-
total
667
822
-
-
Dividends
1 239
1 528
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 350
2 350
2 350
2 350
Total tax
837
868
727
406
After tax
1 513
1 482
1 623
1 944
Living cost
319
319
319
319
Free-cash
1 194
1 163
1 304
1 625

Estimated living cost  is £319 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
£1127
£964
£1173
£1178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£22
£1092
£1393
£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
income
-
-
-
684
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
745
Employee
333
-
2 163
-
pensions
38
-
68
-
income
46
-
543
-
health
38
-
248
-
total
122
-
859
-
Employer
333
-
2 163
-
pensions
54
-
98
-
accident
6
-
36
-
unemployment
8
-
53
-
total
68
-
187
-
Corporate
1 949
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.

1 754
2 115
-
-
total
1 754
2 115
-
-
Dividends
195
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 981
2 160
1 046
745
After tax
369
190
1 304
1 605
Living cost
212
212
212
212
Free-cash
157
-22
1 092
1 393

Estimated living cost  is £212 per week

£155
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
£1679
£1638
£1444
£1652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
2 350
income
-
-
-
400
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
259
total
-
-
-
787
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
787
After tax
1 771
1 798
1 757
1 563
Living cost
119
119
119
119
Free-cash
1 652
1 679
1 638
1 444

Estimated living cost  is £119 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£888
£703
£774
£848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
440
regional
-
-
-
61
municipal
-
-
-
17
national
-
-
-
708
total
-
-
-
1 226
Employee
740
-
2 350
-
municipal
4
-
16
-
national
125
-
649
-
regional
11
-
56
-
social contributions
250
-
576
-
total
390
-
1 297
-
Employer
740
-
2 350
-
total
-
-
-
-
Corporate
1 610
2 350
-
-
municipal
78
113
-
-
nationa
386
564
-
-
total
464
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
1 226
After tax
1 198
1 238
1 053
1 124
Living cost
350
350
350
350
Free-cash
848
888
703
774

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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