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
£919
£1016
£858
£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

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

-
-
-
2 350
trade
-
-
-
306
income

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

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 227
Employee

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

334
-
2 350
-
health

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

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

60
-
60
-
surtax

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

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
-
816
-
total
70
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 016
2 350
-
-
surtax

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

17
19
-
-
income
302
353
-
-
trade
317
370
-
-
chamber of commerce
4
5
-
-
total
640
747
-
-
Dividends
1 375
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
921
1 227
After tax
1 281
1 184
1 429
1 123
Living cost
265
265
265
265
Free-cash
1 016
919
1 164
858

Estimated living cost  is £265 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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1025
£1019
£870
£882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
263
pensions
-
-
-
282
national
-
-
-
469
social contributions
-
-
-
25
total
-
-
-
1 039
Employee
684
-
2 032
-
municipal
84
-
272
-
pensions
27
-
81
-
national
131
-
489
-
total
242
-
842
-
Employer
684
-
2 032
-
social contributions
7
-
22
-
pensions
55
-
163
-
total
62
-
185
-
Corporate
1 559
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%.

312
470
-
-
total
312
470
-
-
Dividends
1 247
1 880
-
-
withholding
274
414
-
-
total
274
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
890
884
1 027
1 039
After tax
1 460
1 466
1 323
1 311
Living cost
441
441
441
441
Free-cash
1 019
1 025
882
870

Estimated living cost  is £441 per week

£300
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.
£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.
£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

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
£1698
£1626
£699
£860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
535
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.

-
-
-
335
total
-
-
-
1 469
Employee
255
-
1 891
-
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
-
surtax
-
-
274
-
income
45
-
460
-
total
73
-
849
-
Employer
255
-
1 891
-
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
-
251
-
surtax
-
-
208
-
total
62
-
459
-
Corporate
2 033
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%.

407
470
-
-
total
407
470
-
-
Dividends

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

1 626
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
542
470
1 308
1 469
After tax
1 808
1 880
1 042
881
Living cost
182
182
182
182
Free-cash
1 626
1 698
860
699

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£810
£756
£875
£1137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
899
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
1 109
Employee
747
747
2 188
-
health
115
97
108
-
income

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

122
122
475
-
pensions
134
102
102
-
total
371
321
685
-
Employer
747
747
2 188
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
64
-
total
131
131
162
-
Corporate
1 482
1 473
-
-
income
296
295
-
-
total
296
295
-
-
Dividends
1 186
1 178
-
-
income
252
250
-
-
withholding
178
177
-
-
total
430
427
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 228
1 174
847
1 109
After tax
1 122
1 176
1 503
1 241
Living cost
366
366
366
366
Free-cash
756
810
1 137
875

Estimated living cost  is £366 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£944
£937
£816
£807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
637
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
344
total
-
-
-
1 195
Employee
483
-
2 116
-
municipal
144
-
631
-
national
-
-
340
-
total
144
-
971
-
Employer
483
-
2 116
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
20
-
pensions
52
-
80
-
health
30
-
46
-
total
152
-
233
-
Corporate
1 715
2 350
-
-
income
377
517
-
-
total
377
517
-
-
Dividends
1 338
1 833
-
-
withholding
401
550
-
-
total
401
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 074
1 067
1 204
1 195
After tax
1 276
1 283
1 146
1 155
Living cost
339
339
339
339
Free-cash
937
944
807
816

Estimated living cost  is £339 per week

£225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£828
£951
£766
£1086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
trade
-
-
-
320
income

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

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 241
Employee

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

443
-
2 350
-
health

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

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

60
-
60
-
surtax

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

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
-
816
-
total
100
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 907
2 350
-
-
surtax

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

16
19
-
-
income
286
353
-
-
trade
314
387
-
-
chamber of commerce
4
5
-
-
total
620
764
-
-
Dividends
1 287
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
1 056
1 179
921
1 241
After tax
1 294
1 171
1 429
1 109
Living cost
343
343
343
343
Free-cash
951
828
1 086
766

Estimated living cost  is £343 per week

£230
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1429
£1390
£1282
£1264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
583
health
-
-
-
60
social contributions
-
-
-
141
total
-
-
-
784
Employee
672
672
2 233
-
social contributions
33
56
75
-
health
7
11
38
-
income
71
62
573
-
total
111
129
686
-
Employer
672
672
2 233
-
social contributions
33
56
75
-
health
7
12
41
-
total
40
68
116
-
Corporate
1 917
1 610
-
-
income
240
201
-
-
total
240
201
-
-
Dividends
1 677
1 408
-
-
withholding
285
239
-
-
total
285
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
676
637
802
784
After tax
1 674
1 713
1 548
1 566
Living cost
284
284
284
284
Free-cash
1 390
1 429
1 264
1 282

Estimated living cost  is £284 per week

£194
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
£1160
£1163
£1469
£1204
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

229
91
1 967
-
health
16
6
138
-
income
28
11
240
-
pensions
23
9
197
-
unemployment
3
1
29
-
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.

229
91
1 967
-
pensions
45
18
383
-
total
45
18
383
-
Corporate
2 076
2 241
-
-
income
187
202
-
-
total
187
202
-
-
Dividends
1 889
2 039
-
-
social contributions
367
397
-
-
withholding
359
387
-
-
total
726
784
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 028
1 031
987
722
After tax
1 322
1 319
1 363
1 628
Living cost
159
159
159
159
Free-cash
1 163
1 160
1 204
1 469

Estimated living cost  is £159 per week

£108
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1669
£1614
£1048
£1144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
315
pensions
-
-
-
470
health
-
-
-
306
total
-
-
-
1 091
Employee
248
-
1 756
-
income
28
-
339
-
pensions
5
-
35
-
unemployment
4
-
28
-
total
37
-
402
-
Employer
248
-
1 756
-
unemployment
2
-
14
-
pensions
50
-
351
-
health
32
-
228
-
total
84
-
593
-
Corporate
2 018
2 350
-
-
income
404
470
-
-
total
404
470
-
-
Dividends
1 615
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
525
470
995
1 091
After tax
1 825
1 880
1 355
1 259
Living cost
211
211
211
211
Free-cash
1 614
1 669
1 144
1 048

Estimated living cost  is £211 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£2
£161
£1412
£1113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
2
income
-
-
-
686
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
746
Employee
302
-
2 165
-
health
35
-
248
-
income
41
-
545
-
pensions
34
-
67
-
total
110
-
860
-
Employer
302
-
2 165
-
accident
5
-
36
-
unemployment
7
-
53
-
pensions
49
-
96
-
total
61
-
185
-
Corporate
1 987
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.

1 788
2 115
-
-
total
1 788
2 115
-
-
Dividends
199
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 997
2 160
1 045
746
After tax
353
190
1 305
1 604
Living cost
192
192
192
192
Free-cash
161
-2
1 113
1 412

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£2153
£2138
£2248
£1801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
99
-
2 350
-
income
20
-
470
-
total
20
-
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%.

2 251
2 350
-
-
total
-
-
-
-
Dividends
2 251
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
133
118
470
23
After tax
2 217
2 232
1 880
2 327
Living cost
79
79
79
79
Free-cash
2 138
2 153
1 801
2 248

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1494
£1435
£1237
£1218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
319
other
-
-
-
63
health
-
-
-
58
total
-
-
-
880
Employee
317
-
2 010
-
health
4
-
19
-
income
55
-
434
-
pensions

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

22
-
93
-
unemployment
3
-
13
-
total
84
-
559
-
Employer
317
-
2 010
-
accident
3
-
16
-
other
16
-
66
-
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.

54
-
226
-
health
4
-
19
-
total
80
-
340
-
Corporate
1 953
2 350
-
-
income
410
493
-
-
total
410
493
-
-
Dividends
1 543
1 857
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
682
623
899
880
After tax
1 668
1 727
1 451
1 470
Living cost
233
233
233
233
Free-cash
1 435
1 494
1 218
1 237

Estimated living cost  is £233 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
£936
£913
£704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1894
£1853
£1802
£1902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
433
Employee
152
-
2 290
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
229
-
pensions

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

13
-
27
-
total
37
-
273
-
Employer
152
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
2 168
2 350
-
-
income
217
235
-
-
total
217
235
-
-
Dividends
1 952
2 115
-
-
withholding
98
106
-
-
total
98
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
382
341
333
433
After tax
1 968
2 009
2 017
1 917
Living cost
115
115
115
115
Free-cash
1 853
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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£691
£713
£756
£1018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
899
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
1 109
Employee
810
747
2 188
-
health
101
97
108
-
income

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

122
122
475
-
pensions
102
102
102
-
total
325
321
685
-
Employer
810
747
2 188
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
64
-
total
141
131
162
-
Corporate
1 398
1 473
-
-
income
280
295
-
-
total
280
295
-
-
Dividends
1 118
1 178
-
-
income
238
250
-
-
withholding
168
177
-
-
total
406
427
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 174
847
1 109
After tax
1 198
1 176
1 503
1 241
Living cost
485
485
485
485
Free-cash
713
691
1 018
756

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1409
£1334
£1214
£1106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
260
health
-
-
-
317
solidarity contribution
-
-
-
49
social contributions
-
-
-
301
total
-
-
-
927
Employee
307
-
1 920
-
social contributions
20
-
67
-
health
42
-
259
-
solidarity contribution
-
-
39
-
income
37
-
239
-
total
99
-
604
-
Employer
307
-
1 920
-
social contributions
77
-
258
-
health
28
-
173
-
total
105
-
431
-
Corporate
1 938
2 350
-
-
income
368
446
-
-
total
368
446
-
-
Dividends
1 570
1 904
-
-
withholding
235
286
-
-
total
235
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
807
732
1 035
927
After tax
1 543
1 618
1 315
1 423
Living cost
209
209
209
209
Free-cash
1 334
1 409
1 106
1 214

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

Close
Milan , Italy
£884
£839
£787
£713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
15
regional
-
-
-
32
national
-
-
-
709
social contributions
-
-
-
438
total
-
-
-
1 194
Employee
777
-
2 350
-
social contributions
262
-
574
-
regional
7
-
29
-
municipal
4
-
14
-
national
135
-
651
-
total
408
-
1 268
-
Employer
777
-
2 350
-
total
-
-
-
-
Corporate
1 573
2 350
-
-
nationa
378
564
-
-
municipal
61
92
-
-
total
439
656
-
-
Dividends
1 134
1 694
-
-
withholding
295
441
-
-
total
295
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 142
1 097
1 268
1 194
After tax
1 208
1 253
1 082
1 156
Living cost
369
369
369
369
Free-cash
839
884
713
787

Estimated living cost  is £369 per week

£257
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
£1285
£1259
£908
£855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
792
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
139
total
-
-
-
1 249
Employee
289
-
2 104
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
128
-
income
48
-
739
-
pensions
19
-
78
-
unemployment
20
-
81
-
total
95
-
1 056
-
Employer
289
-
2 104
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
2 000
2 350
-
-
income
520
611
-
-
total
520
611
-
-
Dividends
1 480
1 739
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
872
1 302
1 249
After tax
1 452
1 478
1 048
1 101
Living cost
193
193
193
193
Free-cash
1 259
1 285
855
908

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£409
£694
£1167
£1102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
25
pensions
-
-
-
216
other

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

-
-
-
47
regional
-
-
-
144
health
-
-
-
5
national
-
-
-
81
total
-
-
-
518
Employee
778
-
2 125
-
city
8
-
23
-
regional
25
-
130
-
health
2
-
5
-
pensions
65
-
155
-
unemployment
-
-
-
-
national
4
-
68
-
total
104
-
381
-
Employer
778
-
2 125
-
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
-
unemployment
-
-
-
-
pensions
65
-
155
-
health
2
-
5
-
total
83
-
202
-
Corporate
1 481
2 350
-
-
regional
313
497
-
-
national
126
200
-
-
total
439
697
-
-
Dividends
1 042
1 653
-
-
withholding
365
579
-
-
total
365
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
991
1 276
583
518
After tax
1 359
1 074
1 767
1 832
Living cost
665
665
665
665
Free-cash
694
409
1 102
1 167

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£760
£901
£696
£1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
trade
-
-
-
333
income

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

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 254
Employee

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

525
-
2 350
-
health

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

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

60
-
60
-
surtax

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

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
-
816
-
total
125
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 825
2 350
-
-
surtax

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

15
19
-
-
income
274
353
-
-
trade
313
403
-
-
chamber of commerce
4
5
-
-
total
606
780
-
-
Dividends
1 219
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
1 049
1 190
921
1 254
After tax
1 301
1 160
1 429
1 096
Living cost
400
400
400
400
Free-cash
901
760
1 029
696

Estimated living cost  is £400 per week

£292
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
£885
£938
£953
£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
income
-
-
-
491
pensions
-
-
-
342
other
-
-
-
73
health
-
-
-
125
surtax
-
-
-
-
social contributions
-
-
-
67
total
-
-
-
1 098
Employee
374
-
1 776
-
social contributions
11
-
51
-
surtax
-
-
-
-
income
22
-
424
-
pensions
42
-
141
-
total
75
-
616
-
Employer
374
-
1 776
-
other
13
-
77
-
social contributions
1
-
5
-
unemployment
15
-
72
-
pensions
61
-
235
-
health
26
-
185
-
total
116
-
574
-
Corporate
1 859
2 350
-
-
surtax
-
-
-
-
income
521
658
-
-
total
521
658
-
-
Dividends
1 339
1 692
-
-
surtax
-
-
-
-
social contributions
230
291
-
-
withholding
171
217
-
-
total
401
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 113
1 166
1 190
1 098
After tax
1 237
1 184
1 160
1 252
Living cost
299
299
299
299
Free-cash
938
885
861
953

Estimated living cost  is £299 per week

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

Source of data for Nice model

Close
Marseille , France
£915
£963
£983
£891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
491
pensions
-
-
-
342
other
-
-
-
73
health
-
-
-
125
surtax
-
-
-
-
social contributions
-
-
-
67
total
-
-
-
1 098
Employee
334
-
1 776
-
social contributions
10
-
51
-
surtax
-
-
-
-
income
17
-
424
-
pensions
38
-
141
-
total
65
-
616
-
Employer
334
-
1 776
-
other
12
-
77
-
social contributions
1
-
5
-
unemployment
14
-
72
-
pensions
55
-
235
-
health
23
-
185
-
total
105
-
574
-
Corporate
1 912
2 350
-
-
surtax
-
-
-
-
income
535
658
-
-
total
535
658
-
-
Dividends
1 376
1 692
-
-
surtax
-
-
-
-
social contributions
237
291
-
-
withholding
176
217
-
-
total
413
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 118
1 166
1 190
1 098
After tax
1 232
1 184
1 160
1 252
Living cost
269
269
269
269
Free-cash
963
915
891
983

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1248
£1253
£1324
£679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
164
social contributions
-
-
-
324
total
-
-
-
841
Employee
296
-
2 350
-
social contributions
41
-
324
-
health
21
-
164
-
income
49
-
998
-
total
111
-
1 486
-
Employer
296
-
2 350
-
total
-
-
-
-
Corporate
2 054
2 350
-
-
income

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

103
118
-
-
total
103
118
-
-
Dividends
1 951
2 232
-
-
health
136
156
-
-
social contributions
269
308
-
-
withholding
293
335
-
-
total
698
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
912
917
1 486
841
After tax
1 438
1 433
864
1 509
Living cost
185
185
185
185
Free-cash
1 253
1 248
679
1 324

Estimated living cost  is £185 per week

£124
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
£985
£970
£889
£296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
chamber of commerce
-
-
-
9
income
-
-
-
821
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 153
Employee
437
348
1 984
-
other
4
3
10
-
health
17
13
40
-
income
50
26
705
-
pensions
45
36
105
-
unemployment
13
10
31
-
total
129
88
891
-
Employer
437
348
1 984
-
accident
6
5
13
-
other
21
17
86
-
chamber of commerce
2
1
8
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
60
-
health
17
13
39
-
total
129
102
367
-
Corporate
1 786
1 900
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.

446
475
488
-
total
446
475
488
-
Dividends
1 339
1 425
-
-
withholding
368
392
-
-
total
368
392
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 072
1 057
1 746
1 153
After tax
1 278
1 293
604
1 197
Living cost
308
308
308
308
Free-cash
970
985
296
889

Estimated living cost  is £308 per week

£205
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.
£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

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
£864
£705
£462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
national
-
-
-
980
communal

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

-
-
-
128
social contributions
-
-
-
218
total
-
-
-
1 326
Employee

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

625
-
1 820
-
communal

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

33
-
95
-
health

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

29
-
86
-
pensions

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

47
-
137
-
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
-
national
192
-
705
-
total
306
-
1 039
-
Employer

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

625
-
1 820
-
accident

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

8
-
24
-
unemployment

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

9
-
27
-
surtax
71
-
206
-
pensions

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

55
-
161
-
health

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

38
-
112
-
total
181
-
530
-
Corporate
1 543
2 350
-
-
surtax
6
11
-
-
income
309
532
-
-
total
315
543
-
-
Dividends
1 228
1 807
-
-
withholding

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

365
539
-
-
total
365
539
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 167
1 082
1 569
1 326
After tax
1 183
1 268
781
1 024
Living cost
319
319
319
319
Free-cash
864
949
462
705

Estimated living cost  is £319 per week

£205
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
£1240
£1181
£994
£957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
435
-
2 092
-
other
-
-
1
-
income
92
-
767
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
119
-
819
-
Employer
435
-
2 092
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
45
-
pensions
103
-
191
-
total
139
-
258
-
Corporate
1 776
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
1 510
1 997
-
-
withholding
329
441
-
-
total
329
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
853
794
1 077
1 040
After tax
1 497
1 556
1 273
1 310
Living cost
316
316
316
316
Free-cash
1 181
1 240
957
994

Estimated living cost  is £316 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£821
£702
£631
£691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
accident
-
-
-
17
income
-
-
-
503
pensions
-
-
-
309
health
-
-
-
145
surtax
-
-
-
121
communal
-
-
-
149
total
-
-
-
1 244
Employee
662
-
2 101
-
health
29
-
93
-
surtax
41
-
129
-
income
64
-
548
-
pensions
53
-
166
-
total
187
-
936
-
Employer
662
-
2 101
-
accident
6
-
19
-
pensions
53
-
166
-
health
20
-
63
-
total
79
-
248
-
Corporate
1 609
2 350
-
-
surtax
17
25
-
-
communal
109
159
-
-
income
241
353
-
-
total
367
537
-
-
Dividends
1 242
1 814
-
-
income
354
245
-
-
withholding
186
272
-
-
total
540
517
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 173
1 054
1 184
1 244
After tax
1 177
1 296
1 166
1 106
Living cost
475
475
475
475
Free-cash
702
821
691
631

Estimated living cost  is £475 per week

£356
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
£1282
£1256
£905
£852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
792
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
139
total
-
-
-
1 249
Employee
294
-
2 104
-
other
-
-
-
-
health
8
-
30
-
surtax
1
-
128
-
income
49
-
739
-
pensions
20
-
78
-
unemployment
20
-
81
-
total
98
-
1 056
-
Employer
294
-
2 104
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
156
-
health
13
-
53
-
total
61
-
246
-
Corporate
1 994
2 350
-
-
income
518
611
-
-
total
518
611
-
-
Dividends
1 475
1 739
-
-
withholding
221
261
-
-
total
221
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
872
1 302
1 249
After tax
1 452
1 478
1 048
1 101
Living cost
196
196
196
196
Free-cash
1 256
1 282
852
905

Estimated living cost  is £196 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
£1000
£979
£914
£840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
15
regional
-
-
-
39
national
-
-
-
709
social contributions
-
-
-
438
total
-
-
-
1 201
Employee
485
-
2 350
-
social contributions
164
-
574
-
regional
7
-
36
-
municipal
3
-
14
-
national
77
-
651
-
total
251
-
1 275
-
Employer
485
-
2 350
-
total
-
-
-
-
Corporate
1 865
2 350
-
-
nationa
448
564
-
-
municipal
93
117
-
-
total
541
681
-
-
Dividends
1 325
1 669
-
-
withholding
344
434
-
-
total
344
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 136
1 115
1 275
1 201
After tax
1 214
1 235
1 075
1 149
Living cost
235
235
235
235
Free-cash
979
1 000
840
914

Estimated living cost  is £235 per week

£146
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
£1360
£1268
£1165
£1057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
260
health
-
-
-
317
solidarity contribution
-
-
-
49
social contributions
-
-
-
301
total
-
-
-
927
Employee
379
-
1 920
-
social contributions
25
-
67
-
health
51
-
259
-
solidarity contribution
-
-
39
-
income
45
-
239
-
total
121
-
604
-
Employer
379
-
1 920
-
social contributions
95
-
258
-
health
34
-
173
-
total
129
-
431
-
Corporate
1 842
2 350
-
-
income
350
446
-
-
total
350
446
-
-
Dividends
1 492
1 904
-
-
withholding
224
286
-
-
total
224
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
824
732
1 035
927
After tax
1 526
1 618
1 315
1 423
Living cost
258
258
258
258
Free-cash
1 268
1 360
1 057
1 165

Estimated living cost  is £258 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Prague model

Close
Graz , Austria
£1016
£1012
£920
£326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
chamber of commerce
-
-
-
9
income
-
-
-
821
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 151
Employee
382
348
1 986
-
other
4
3
10
-
health
15
13
40
-
income
34
26
706
-
pensions
39
36
105
-
unemployment
11
10
31
-
total
103
88
892
-
Employer
382
348
1 986
-
accident
5
5
13
-
other
18
17
86
-
chamber of commerce
2
1
8
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
60
-
health
14
13
39
-
total
109
100
365
-
Corporate
1 858
1 901
1 953
-
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
1 393
1 426
-
-
withholding
383
392
-
-
total
383
392
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 059
1 055
1 745
1 151
After tax
1 291
1 295
605
1 199
Living cost
279
279
279
279
Free-cash
1 012
1 016
326
920

Estimated living cost  is £279 per week

£167
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2109
£2086
£2204
£1757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
154
-
2 350
-
income
31
-
470
-
total
31
-
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%.

2 196
2 350
-
-
total
-
-
-
-
Dividends
2 196
2 350
-
-
withholding
110
118
-
-
total
110
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
141
118
470
23
After tax
2 209
2 232
1 880
2 327
Living cost
123
123
123
123
Free-cash
2 086
2 109
1 757
2 204

Estimated living cost  is £123 per week

£84
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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1384
£1310
£816
£767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
636
pensions
-
-
-
429
unemployment
-
-
-
4
health
-
-
-
231
total
-
-
-
1 300
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.

387
-
2 033
-
health
25
-
131
-
income
67
-
584
-
pensions
60
-
315
-
unemployment
1
-
3
-
total
153
-
1 033
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

387
-
2 033
-
unemployment
-
-
1
-
pensions
34
-
180
-
health
26
-
135
-
total
60
-
316
-
Corporate
1 903
2 350
-
-
income
362
446
-
-
total
362
446
-
-
Dividends
1 542
1 904
-
-
withholding
231
286
-
-
total
231
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
806
732
1 349
1 300
After tax
1 544
1 618
1 001
1 050
Living cost
234
234
234
234
Free-cash
1 310
1 384
767
816

Estimated living cost  is £234 per week

£161
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
£1051
£632
£1245
£1856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is £379 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£1063
£1054
£932
£735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
327
surtax
-
-
-
-
social contributions

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

-
-
-
817
total
-
-
-
1 144
Employee
402
-
1 899
-
social contributions
44
-
209
-
surtax
-
-
9
-
income
84
-
672
-
total
128
-
890
-
Employer
402
-
1 899
-
social contributions
95
-
451
-
total
95
-
451
-
Corporate
1 852
2 350
-
-
surtax
-
-
-
-
income
389
493
-
-
total
389
493
-
-
Dividends
1 463
1 857
-
-
withholding
410
520
-
-
total
410
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 022
1 013
1 341
1 144
After tax
1 328
1 337
1 009
1 206
Living cost
274
274
274
274
Free-cash
1 054
1 063
735
932

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£762
£822
£830
£738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
491
pensions
-
-
-
342
other
-
-
-
73
health
-
-
-
125
surtax
-
-
-
-
social contributions
-
-
-
67
total
-
-
-
1 098
Employee
548
-
1 776
-
social contributions
16
-
51
-
surtax
-
-
-
-
income
48
-
424
-
pensions
62
-
141
-
total
126
-
616
-
Employer
548
-
1 776
-
other
19
-
77
-
social contributions
2
-
5
-
unemployment
22
-
72
-
pensions
90
-
235
-
health
38
-
185
-
total
171
-
574
-
Corporate
1 631
2 350
-
-
surtax
-
-
-
-
income
457
658
-
-
total
457
658
-
-
Dividends
1 175
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
1 190
1 098
After tax
1 244
1 184
1 160
1 252
Living cost
422
422
422
422
Free-cash
822
762
738
830

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1852
£1822
£1440
£1503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
281
-
2 035
-
income
-
-
137
-
social contributions
18
-
132
-
total
18
-
269
-
Employer
281
-
2 035
-
social contributions
44
-
315
-
total
44
-
315
-
Corporate
2 025
2 350
-
-
income
203
235
-
-
total
203
235
-
-
Dividends
1 823
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
265
235
584
647
After tax
2 085
2 115
1 766
1 703
Living cost
263
263
263
263
Free-cash
1 822
1 852
1 503
1 440

Estimated living cost  is £263 per week

£170
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
£446
£220
£918
£446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
514
pensions
-
-
-
8
national
-
-
-
302
labour market
-
-
-
187
total
-
-
-
1 011
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
445
-
-
-
income
98
-
-
-
total
98
-
-
-
Dividends
347
-
-
-
withholding
128
-
-
-
total
128
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 709
1 483
1 483
1 011
After tax
641
867
867
1 339
Living cost
421
421
421
421
Free-cash
220
446
446
918

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£1
£162
£1415
£1116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
686
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
746
Employee
297
-
2 165
-
health
34
-
248
-
income
41
-
545
-
pensions
33
-
67
-
total
108
-
860
-
Employer
297
-
2 165
-
accident
5
-
36
-
unemployment
7
-
53
-
pensions
48
-
96
-
total
60
-
185
-
Corporate
1 992
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.

1 793
2 115
-
-
total
1 793
2 115
-
-
Dividends
199
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 999
2 160
1 045
746
After tax
351
190
1 305
1 604
Living cost
189
189
189
189
Free-cash
162
1
1 116
1 415

Estimated living cost  is £189 per week

£138
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 Krakow model

Close
Helsinki , Finland
£1071
£1113
£1062
£792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
municipal
-
-
-
417
health
-
-
-
33
national
-
-
-
502
total
-
-
-
952
Employee
460
-
1 977
-
health
3
-
27
-
municipal
75
-
322
-
pensions
31
-
133
-
unemployment
7
-
30
-
national
8
-
337
-
total
124
-
849
-
Employer
460
-
1 977
-
accident
-
-
2
-
unemployment
3
-
13
-
pensions
80
-
343
-
health
4
-
15
-
total
87
-
373
-
Corporate
1 803
2 350
-
-
income
361
470
-
-
total
361
470
-
-
Dividends

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

1 082
1 410
-
-
national
134
219
-
-
municipal
195
254
-
-
total
329
473
-
-
Income
2 350
2 350
2 350
2 350
Total tax
901
943
1 222
952
After tax
1 449
1 407
1 128
1 398
Living cost
336
336
336
336
Free-cash
1 113
1 071
792
1 062

Estimated living cost  is £336 per week

£219
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
£1511
£1463
£1364
£1346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
583
health
-
-
-
60
social contributions
-
-
-
141
total
-
-
-
784
Employee
672
672
2 233
-
social contributions
25
56
75
-
health
5
11
38
-
income
73
62
573
-
total
103
129
686
-
Employer
672
672
2 233
-
social contributions
25
56
75
-
health
6
12
41
-
total
31
68
116
-
Corporate
2 013
1 610
-
-
income
252
201
-
-
total
252
201
-
-
Dividends
1 761
1 408
-
-
withholding
299
239
-
-
total
299
239
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
637
802
784
After tax
1 665
1 713
1 548
1 566
Living cost
202
202
202
202
Free-cash
1 463
1 511
1 346
1 364

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1808
£1762
£1877
£1702
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

201
-
2 265
-
health
17
-
71
-
income
14
-
224
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
423
-
Employer

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

201
-
2 265
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
2 129
2 350
-
-
income
192
211
-
-
total
192
211
-
-
Dividends
1 937
2 139
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
449
403
509
334
After tax
1 901
1 947
1 841
2 016
Living cost
139
139
139
139
Free-cash
1 762
1 808
1 702
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
£1316
£1278
£1070
£1033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
323
-
2 092
-
other
-
-
1
-
income
62
-
767
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
819
-
Employer
323
-
2 092
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
45
-
pensions
76
-
191
-
total
103
-
258
-
Corporate
1 924
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.

289
353
-
-
total
289
353
-
-
Dividends
1 635
1 997
-
-
withholding
358
441
-
-
total
358
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
832
794
1 077
1 040
After tax
1 518
1 556
1 273
1 310
Living cost
240
240
240
240
Free-cash
1 278
1 316
1 033
1 070

Estimated living cost  is £240 per week

£162
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
£1442
£1439
£1490
£1487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
806
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
836
Employee
36
-
2 330
-
health
2
-
4
-
income
7
-
806
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
819
-
Employer
36
-
2 330
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 305
2 350
-
-
income
507
517
-
-
total
507
517
-
-
Dividends
1 798
1 833
-
-
withholding
360
367
-
-
total
360
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
887
884
839
836
After tax
1 463
1 466
1 511
1 514
Living cost
24
24
24
24
Free-cash
1 439
1 442
1 487
1 490

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1547
£1504
£1403
£1404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
796
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

228
-
2 234
-
health
12
-
33
-
income
31
-
551
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
679
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

228
-
2 234
-
unemployment
2
-
5
-
pensions
27
-
78
-
health
12
-
33
-
total
41
-
116
-
Corporate
2 081
2 350
-
-
income
312
352
-
-
total
312
352
-
-
Dividends
1 769
1 998
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
695
652
795
796
After tax
1 655
1 698
1 555
1 554
Living cost
151
151
151
151
Free-cash
1 504
1 547
1 404
1 403

Estimated living cost  is £151 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
£1101
£1098
£970
£773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
327
surtax
-
-
-
-
social contributions

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

-
-
-
817
total
-
-
-
1 144
Employee
339
-
1 899
-
social contributions
37
-
209
-
surtax
-
-
9
-
income
66
-
672
-
total
103
-
890
-
Employer
339
-
1 899
-
social contributions
81
-
451
-
total
81
-
451
-
Corporate
1 930
2 350
-
-
surtax
-
-
-
-
income
405
493
-
-
total
405
493
-
-
Dividends
1 525
1 857
-
-
withholding
427
520
-
-
total
427
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 016
1 013
1 341
1 144
After tax
1 334
1 337
1 009
1 206
Living cost
236
236
236
236
Free-cash
1 098
1 101
773
970

Estimated living cost  is £236 per week

£167
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
£1249
£1193
£1003
£966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
422
-
2 092
-
other
-
-
1
-
income
88
-
767
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
819
-
Employer
422
-
2 092
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
1 793
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
1 524
1 997
-
-
withholding
332
441
-
-
total
332
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
850
794
1 077
1 040
After tax
1 500
1 556
1 273
1 310
Living cost
307
307
307
307
Free-cash
1 193
1 249
966
1 003

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1859
£1807
£1767
£1867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
433
Employee
199
-
2 290
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
229
-
pensions

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

17
-
27
-
total
48
-
273
-
Employer
199
-
2 290
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
2 112
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 901
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
393
341
333
433
After tax
1 957
2 009
2 017
1 917
Living cost
150
150
150
150
Free-cash
1 807
1 859
1 867
1 767

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£871
£985
£813
£1092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
trade
-
-
-
279
income

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

-
-
-
816
health

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

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

-
-
-
60
surtax

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

-
-
-
45
total
-
-
-
1 200
Employee

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

435
-
2 350
-
health

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

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

60
-
60
-
surtax

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

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
-
816
-
total
98
-
921
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 915
2 350
-
-
surtax

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

16
19
-
-
income
287
353
-
-
trade
275
337
-
-
chamber of commerce
4
5
-
-
total
582
714
-
-
Dividends
1 333
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
921
1 200
After tax
1 322
1 208
1 429
1 150
Living cost
338
338
338
338
Free-cash
985
871
1 092
813

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1147
£1166
£645
£645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
796
social contributions
-
-
-
411
total
-
-
-
1 207
Employee
684
-
2 350
-
income
129
-
796
-
social contributions
57
-
411
-
total
186
-
1 207
-
Employer
684
-
2 350
-
total
-
-
-
-
Corporate
1 666
2 350
-
-
income
208
294
-
-
total
208
294
-
-
Dividends
1 458
2 056
-
-
withholding
292
411
-
-
total
292
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
705
1 207
1 207
After tax
1 664
1 645
1 143
1 143
Living cost
498
498
498
498
Free-cash
1 166
1 147
645
645

Estimated living cost  is £498 per week

£379
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
£1165
£1195
£1621
£1305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
59
total
-
-
-
412
Employee
401
-
2 310
-
income
44
-
648
-
social contributions
40
-
40
-
total
84
-
688
-
Employer
401
-
2 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 909
2 350
-
-
income
668
822
-
-
total
668
822
-
-
Dividends
1 241
1 528
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
868
728
412
After tax
1 512
1 482
1 622
1 938
Living cost
317
317
317
317
Free-cash
1 195
1 165
1 305
1 621

Estimated living cost  is £317 per week

£209
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£18
£159
£1396
£1097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
686
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
746
Employee
327
-
2 165
-
health
37
-
248
-
income
45
-
545
-
pensions
37
-
67
-
total
119
-
860
-
Employer
327
-
2 165
-
accident
5
-
36
-
unemployment
8
-
53
-
pensions
53
-
96
-
total
66
-
185
-
Corporate
1 957
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.

1 761
2 115
-
-
total
1 761
2 115
-
-
Dividends
196
235
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 983
2 160
1 045
746
After tax
367
190
1 305
1 604
Living cost
208
208
208
208
Free-cash
159
-18
1 097
1 396

Estimated living cost  is £208 per week

£152
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1680
£1653
£1448
£1640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
400
pensions
-
-
-
257
unemployment
-
-
-
17
total
-
-
-
784
Employee

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

189
-
2 350
-
work injury
1
-
3
-
income
19
-
400
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
total
71
-
592
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 161
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
1 945
2 115
-
-
withholding
292
317
-
-
total
292
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
579
552
592
784
After tax
1 771
1 798
1 758
1 566
Living cost
118
118
118
118
Free-cash
1 653
1 680
1 640
1 448

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£890
£851
£777
£705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
municipal
-
-
-
17
regional
-
-
-
61
national
-
-
-
709
social contributions
-
-
-
438
total
-
-
-
1 225
Employee
737
-
2 350
-
social contributions
248
-
574
-
regional
11
-
56
-
municipal
4
-
16
-
national
124
-
651
-
total
387
-
1 297
-
Employer
737
-
2 350
-
total
-
-
-
-
Corporate
1 613
2 350
-
-
nationa
387
564
-
-
municipal
78
113
-
-
total
465
677
-
-
Dividends
1 148
1 673
-
-
withholding
299
435
-
-
total
299
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 151
1 112
1 297
1 225
After tax
1 199
1 238
1 053
1 125
Living cost
348
348
348
348
Free-cash
851
890
705
777

Estimated living cost  is £348 per week

£245
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.
£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

Source of data for Rome model

Close
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