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
£1165
£920
£858
£1016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax

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

-
-
-
45
trade
-
-
-
307
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.

-
-
-
818
health

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

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

-
-
-
59
total
-
-
-
1 229
Employee

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

332
-
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.

59
-
59
-
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
-
818
-
total
69
-
922
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 018
2 350
-
-
chamber of commerce
4
5
-
-
trade
318
370
-
-
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
303
353
-
-
total
642
747
-
-
Dividends
1 377
1 603
-
-
withholding
341
398
-
-
surtax

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

19
22
-
-
total
360
420
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 071
1 167
922
1 229
After tax
1 279
1 183
1 428
1 121
Living cost
263
263
263
263
Free-cash
1 016
920
1 165
858

Estimated living cost  is £263 per week

£165
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
£867
£1004
£855
£996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
25
national
-
-
-
463
pensions
-
-
-
282
total
-
-
-
1 033
Employee
717
-
2 032
-
pensions
29
-
81
-
national
137
-
483
-
municipal
89
-
272
-
total
255
-
836
-
Employer
717
-
2 032
-
pensions
57
-
163
-
social contributions
8
-
22
-
total
65
-
185
-
Corporate
1 521
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%.

304
470
-
-
total
304
470
-
-
Dividends
1 217
1 880
-
-
withholding
268
414
-
-
total
268
414
-
-
Income
2 350
2 350
2 350
2 350
Total tax
892
884
1 021
1 033
After tax
1 458
1 466
1 329
1 317
Living cost
462
462
462
462
Free-cash
996
1 004
867
855

Estimated living cost  is £462 per week

£314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£863
£1700
£702
£1629
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
332
income
-
-
-
537
total
-
-
-
1 468
Employee
253
-
1 893
-
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
-
114
-
surtax
-
-
274
-
income
45
-
462
-
total
73
-
850
-
Employer
253
-
1 893
-
surtax
-
-
208
-
social contributions

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

61
-
249
-
total
61
-
457
-
Corporate
2 036
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.

1 628
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
541
470
1 307
1 468
After tax
1 809
1 880
1 043
882
Living cost
180
180
180
180
Free-cash
1 629
1 700
863
702

Estimated living cost  is £180 per week

£115
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
£1139
£811
£877
£759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
901
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 110
Employee
741
741
2 189
-
health
114
97
107
-
pensions
133
102
102
-
income

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

121
121
478
-
total
368
320
687
-
Employer
741
741
2 189
-
unemployment
27
27
33
-
health
51
51
64
-
pensions
52
52
64
-
total
130
130
161
-
Corporate
1 489
1 480
-
-
income
298
296
-
-
total
298
296
-
-
Dividends
1 191
1 184
-
-
withholding
179
178
-
-
income
253
252
-
-
total
432
430
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 228
1 176
848
1 110
After tax
1 122
1 174
1 502
1 240
Living cost
363
363
363
363
Free-cash
759
811
1 139
877

Estimated living cost  is £363 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£799
£933
£807
£925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
634
other
-
-
-
89
unemployment
-
-
-
1
national
-
-
-
336
pensions
-
-
-
83
accident
-
-
-
2
health
-
-
-
48
total
-
-
-
1 193
Employee
499
-
2 109
-
national
-
-
331
-
municipal
149
-
629
-
total
149
-
960
-
Employer
499
-
2 109
-
unemployment
13
-
20
-
accident
1
-
2
-
health
31
-
47
-
pensions
54
-
83
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 694
2 350
-
-
income
373
517
-
-
total
373
517
-
-
Dividends
1 321
1 833
-
-
withholding
396
550
-
-
total
396
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 075
1 067
1 201
1 193
After tax
1 275
1 283
1 149
1 157
Living cost
350
350
350
350
Free-cash
925
933
799
807

Estimated living cost  is £350 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Stockholm model

Close
Hamburg , Germany
£1087
£830
£767
£952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax

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

-
-
-
45
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.

-
-
-
818
health

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

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

-
-
-
59
total
-
-
-
1 242
Employee

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

440
-
2 350
-
health

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

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

59
-
59
-
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
-
818
-
total
99
-
922
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 910
2 350
-
-
chamber of commerce
4
5
-
-
trade
314
387
-
-
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
-
-
total
621
764
-
-
Dividends
1 290
1 587
-
-
withholding
319
393
-
-
surtax

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

18
22
-
-
total
337
415
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 057
1 179
922
1 242
After tax
1 293
1 171
1 428
1 108
Living cost
341
341
341
341
Free-cash
952
830
1 087
767

Estimated living cost  is £341 per week

£228
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
£1265
£1432
£1284
£1395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
140
income
-
-
-
585
health
-
-
-
60
total
-
-
-
785
Employee
667
667
2 234
-
health
7
11
38
-
social contributions
32
55
75
-
income
70
62
575
-
total
109
128
688
-
Employer
667
667
2 234
-
health
7
12
41
-
social contributions
32
55
75
-
total
39
67
116
-
Corporate
1 920
1 615
-
-
income
240
202
-
-
total
240
202
-
-
Dividends
1 680
1 413
-
-
withholding
286
240
-
-
total
286
240
-
-
Income
2 350
2 350
2 350
2 350
Total tax
674
637
804
785
After tax
1 676
1 713
1 546
1 565
Living cost
281
281
281
281
Free-cash
1 395
1 432
1 265
1 284

Estimated living cost  is £281 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1208
£1164
£1474
£1168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
35
income
-
-
-
287
pensions
-
-
-
235
health
-
-
-
164
total
-
-
-
721
Employee

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

The minimum wage is 138,000 HUF per month.

224
89
1 967
-
health
16
6
138
-
pensions
22
9
197
-
unemployment
3
1
29
-
income
27
11
240
-
total
68
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.

224
89
1 967
-
pensions
44
17
383
-
total
44
17
383
-
Corporate
2 082
2 243
-
-
income
187
202
-
-
total
187
202
-
-
Dividends
1 895
2 041
-
-
withholding
360
388
-
-
social contributions
368
397
-
-
total
728
785
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 027
1 031
987
721
After tax
1 323
1 319
1 363
1 629
Living cost
155
155
155
155
Free-cash
1 168
1 164
1 208
1 474

Estimated living cost  is £155 per week

£106
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
£1146
£1671
£1050
£1617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
246
-
1 756
-
unemployment
4
-
28
-
pensions
5
-
35
-
income
28
-
339
-
total
37
-
402
-
Employer
246
-
1 756
-
unemployment
2
-
14
-
health
32
-
228
-
pensions
49
-
351
-
total
83
-
593
-
Corporate
2 021
2 350
-
-
income
404
470
-
-
total
404
470
-
-
Dividends
1 617
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
524
470
995
1 091
After tax
1 826
1 880
1 355
1 259
Living cost
209
209
209
209
Free-cash
1 617
1 671
1 146
1 050

Estimated living cost  is £209 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£1111
-£4
£1410
£160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
685
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
746
Employee
305
-
2 164
-
health
35
-
248
-
pensions
34
-
67
-
income
42
-
544
-
total
111
-
859
-
Employer
305
-
2 164
-
unemployment
7
-
53
-
accident
5
-
36
-
pensions
50
-
97
-
total
62
-
186
-
Corporate
1 983
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.

1 785
2 115
-
-
total
1 785
2 115
-
-
Dividends
198
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 996
2 160
1 045
746
After tax
354
190
1 305
1 604
Living cost
194
194
194
194
Free-cash
160
-4
1 111
1 410

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1810
£2162
£2256
£2149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
88
-
2 350
-
income
18
-
470
-
total
18
-
470
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

2 262
2 350
-
-
total
-
-
-
-
Dividends
2 262
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
131
118
470
24
After tax
2 219
2 232
1 880
2 326
Living cost
70
70
70
70
Free-cash
2 149
2 162
1 810
2 256

Estimated living cost  is £70 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1224
£1495
£1240
£1437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
63
income
-
-
-
441
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.

-
-
-
317
health
-
-
-
58
total
-
-
-
879
Employee
315
-
2 012
-
health
4
-
18
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
income
54
-
435
-
total
83
-
558
-
Employer
315
-
2 012
-
unemployment
3
-
13
-
accident
3
-
16
-
health
4
-
18
-
pensions

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

54
-
224
-
other
16
-
66
-
total
80
-
337
-
Corporate
1 956
2 350
-
-
income
411
494
-
-
total
411
494
-
-
Dividends
1 545
1 856
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
682
624
895
879
After tax
1 668
1 726
1 455
1 471
Living cost
231
231
231
231
Free-cash
1 437
1 495
1 224
1 240

Estimated living cost  is £231 per week

£163
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 Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£1904
£1895
£1803
£1854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
1
income
-
-
-
352
pensions

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

-
-
-
45
health
-
-
-
35
total
-
-
-
433
Employee
151
-
2 291
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
229
-
total
37
-
273
-
Employer
151
-
2 291
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
pensions

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

17
-
33
-
total
30
-
59
-
Corporate
2 170
2 350
-
-
income
217
235
-
-
total
217
235
-
-
Dividends
1 953
2 115
-
-
withholding
98
106
-
-
total
98
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
382
341
332
433
After tax
1 968
2 009
2 018
1 917
Living cost
114
114
114
114
Free-cash
1 854
1 895
1 904
1 803

Estimated living cost  is £114 per week

£66
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
£1021
£693
£759
£716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
901
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 110
Employee
804
741
2 189
-
health
100
97
107
-
pensions
102
102
102
-
income

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

121
121
478
-
total
323
320
687
-
Employer
804
741
2 189
-
unemployment
29
27
33
-
health
56
51
64
-
pensions
56
52
64
-
total
141
130
161
-
Corporate
1 405
1 480
-
-
income
281
296
-
-
total
281
296
-
-
Dividends
1 124
1 184
-
-
withholding
169
178
-
-
income
239
252
-
-
total
408
430
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 153
1 176
848
1 110
After tax
1 197
1 174
1 502
1 240
Living cost
481
481
481
481
Free-cash
716
693
1 021
759

Estimated living cost  is £481 per week

£355
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
£1102
£1405
£1209
£1331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
48
social contributions
-
-
-
305
income
-
-
-
259
health
-
-
-
317
total
-
-
-
929
Employee
312
-
1 916
-
health
42
-
259
-
social contributions
20
-
68
-
solidarity contribution
-
-
38
-
income
37
-
238
-
total
99
-
603
-
Employer
312
-
1 916
-
health
28
-
172
-
social contributions
78
-
261
-
total
106
-
433
-
Corporate
1 932
2 350
-
-
income
367
447
-
-
total
367
447
-
-
Dividends
1 565
1 903
-
-
withholding
235
286
-
-
total
235
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
807
733
1 036
929
After tax
1 543
1 617
1 314
1 421
Living cost
212
212
212
212
Free-cash
1 331
1 405
1 102
1 209

Estimated living cost  is £212 per week

£147
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
£719
£887
£792
£842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
434
national
-
-
-
711
regional
-
-
-
32
total
-
-
-
1 192
Employee
771
-
2 350
-
social contributions
260
-
569
-
national
134
-
653
-
regional
7
-
29
-
municipal
4
-
14
-
total
405
-
1 265
-
Employer
771
-
2 350
-
total
-
-
-
-
Corporate
1 579
2 350
-
-
municipal
62
92
-
-
nationa
379
564
-
-
total
441
656
-
-
Dividends
1 139
1 694
-
-
withholding
296
441
-
-
total
296
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 142
1 097
1 265
1 192
After tax
1 208
1 253
1 085
1 158
Living cost
366
366
366
366
Free-cash
842
887
719
792

Estimated living cost  is £366 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£856
£1287
£910
£1261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
139
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
794
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
1 249
Employee
287
-
2 106
-
health
7
-
30
-
pensions
19
-
77
-
unemployment
20
-
81
-
surtax
1
-
129
-
other
-
-
-
-
income
48
-
742
-
total
95
-
1 059
-
Employer
287
-
2 106
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
38
-
154
-
other
-
-
-
-
total
60
-
244
-
Corporate
2 003
2 350
-
-
income
521
611
-
-
total
521
611
-
-
Dividends
1 482
1 739
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
872
1 303
1 249
After tax
1 452
1 478
1 047
1 101
Living cost
191
191
191
191
Free-cash
1 261
1 287
856
910

Estimated living cost  is £191 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£1084
£388
£1152
£682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
national
-
-
-
77
pensions
-
-
-
216
regional
-
-
-
142
health
-
-
-
5
total
-
-
-
512
Employee
803
-
2 123
-
health
2
-
5
-
pensions
67
-
156
-
unemployment
-
-
-
-
city
9
-
23
-
national
4
-
65
-
regional
26
-
128
-
total
108
-
377
-
Employer
803
-
2 123
-
unemployment
-
-
-
-
health
2
-
5
-
pensions
67
-
156
-
other

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

16
-
42
-
total
85
-
203
-
Corporate
1 453
2 350
-
-
regional
307
497
-
-
national
124
200
-
-
total
431
697
-
-
Dividends
1 022
1 653
-
-
withholding
358
579
-
-
total
358
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
982
1 276
580
512
After tax
1 368
1 074
1 770
1 838
Living cost
686
686
686
686
Free-cash
682
388
1 084
1 152

Estimated living cost  is £686 per week

£446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
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.
£170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£1031
£763
£697
£904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax

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

-
-
-
45
trade
-
-
-
334
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.

-
-
-
818
health

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

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

-
-
-
59
total
-
-
-
1 256
Employee

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

521
-
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.

59
-
59
-
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.

61
-
818
-
total
123
-
922
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 829
2 350
-
-
chamber of commerce
4
5
-
-
trade
314
403
-
-
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
-
-
total
607
780
-
-
Dividends
1 222
1 570
-
-
withholding
302
389
-
-
surtax

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

17
21
-
-
total
319
410
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 049
1 190
922
1 256
After tax
1 301
1 160
1 428
1 094
Living cost
397
397
397
397
Free-cash
904
763
1 031
697

Estimated living cost  is £397 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£859
£887
£954
£937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
-
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
493
pensions
-
-
-
341
health
-
-
-
125
total
-
-
-
1 099
Employee
371
-
1 775
-
social contributions
11
-
51
-
pensions
42
-
142
-
surtax
-
-
-
-
income
22
-
426
-
total
75
-
619
-
Employer
371
-
1 775
-
unemployment
15
-
72
-
health
26
-
186
-
pensions
61
-
235
-
other
13
-
77
-
social contributions
1
-
5
-
total
116
-
575
-
Corporate
1 863
2 350
-
-
surtax
-
-
-
-
income
522
658
-
-
total
522
658
-
-
Dividends
1 341
1 692
-
-
withholding
172
217
-
-
surtax
-
-
-
-
social contributions
231
291
-
-
total
403
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 116
1 166
1 194
1 099
After tax
1 234
1 184
1 156
1 251
Living cost
297
297
297
297
Free-cash
937
887
859
954

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£889
£917
£984
£968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
-
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
493
pensions
-
-
-
341
health
-
-
-
125
total
-
-
-
1 099
Employee
331
-
1 775
-
social contributions
9
-
51
-
pensions
37
-
142
-
surtax
-
-
-
-
income
17
-
426
-
total
63
-
619
-
Employer
331
-
1 775
-
unemployment
13
-
72
-
health
23
-
186
-
pensions
54
-
235
-
other
11
-
77
-
social contributions
1
-
5
-
total
102
-
575
-
Corporate
1 915
2 350
-
-
surtax
-
-
-
-
income
536
658
-
-
total
536
658
-
-
Dividends
1 379
1 692
-
-
withholding
177
217
-
-
surtax
-
-
-
-
social contributions
237
291
-
-
total
414
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 115
1 166
1 194
1 099
After tax
1 235
1 184
1 156
1 251
Living cost
267
267
267
267
Free-cash
968
917
889
984

Estimated living cost  is £267 per week

£155
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£679
£1250
£1325
£1253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
324
income
-
-
-
353
health
-
-
-
164
total
-
-
-
841
Employee
294
-
2 350
-
health
21
-
164
-
social contributions
41
-
324
-
income
49
-
999
-
total
111
-
1 487
-
Employer
294
-
2 350
-
total
-
-
-
-
Corporate
2 056
2 350
-
-
income

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

103
117
-
-
total
103
117
-
-
Dividends
1 953
2 233
-
-
withholding
293
335
-
-
health
136
156
-
-
social contributions
270
308
-
-
total
699
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
913
916
1 487
841
After tax
1 437
1 434
863
1 509
Living cost
184
184
184
184
Free-cash
1 253
1 250
679
1 325

Estimated living cost  is £184 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£300
£990
£892
£973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
2
chamber of commerce
-
-
-
9
unemployment
-
-
-
53
income
-
-
-
823
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
1 152
Employee
433
346
1 986
-
health
17
13
39
-
pensions
44
35
104
-
unemployment
13
10
30
-
other
4
3
10
-
income
49
25
709
-
total
127
86
892
-
Employer
433
346
1 986
-
unemployment
13
10
30
-
payroll
13
10
60
-
accident
6
4
13
-
health
16
13
38
-
pensions
54
43
127
-
other
21
16
86
-
surtax
2
2
2
-
chamber of commerce
2
1
8
-
total
127
99
364
-
Corporate
1 790
1 903
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.

448
476
488
-
total
448
476
488
-
Dividends
1 343
1 427
-
-
withholding
369
393
-
-
total
369
393
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 071
1 054
1 744
1 152
After tax
1 279
1 296
606
1 198
Living cost
306
306
306
306
Free-cash
973
990
300
892

Estimated living cost  is £306 per week

£204
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
£464
£951
£708
£867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
216
communal

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

-
-
-
128
national
-
-
-
982
total
-
-
-
1 326
Employee

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

620
-
1 820
-
health

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

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
191
-
706
-
communal

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

32
-
95
-
total
304
-
1 040
-
Employer

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

620
-
1 820
-
unemployment

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

9
-
27
-
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
-
health

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

38
-
112
-
pensions

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

55
-
161
-
surtax
70
-
206
-
total
180
-
530
-
Corporate
1 549
2 350
-
-
surtax
6
11
-
-
income
310
533
-
-
total
316
544
-
-
Dividends
1 233
1 806
-
-
withholding

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

367
539
-
-
total
367
539
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 167
1 083
1 570
1 326
After tax
1 183
1 267
780
1 024
Living cost
316
316
316
316
Free-cash
867
951
464
708

Estimated living cost  is £316 per week

£204
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£961
£1243
£997
£1184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
799
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 040
Employee
432
-
2 094
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
income
91
-
769
-
total
118
-
820
-
Employer
432
-
2 094
-
unemployment
24
-
44
-
accident
9
-
16
-
pensions
102
-
190
-
other
3
-
6
-
total
138
-
256
-
Corporate
1 781
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.

267
353
-
-
total
267
353
-
-
Dividends
1 514
1 997
-
-
withholding
330
441
-
-
total
330
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
853
794
1 076
1 040
After tax
1 497
1 556
1 274
1 310
Living cost
313
313
313
313
Free-cash
1 184
1 243
961
997

Estimated living cost  is £313 per week

£231
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
£695
£824
£636
£706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
121
income
-
-
-
506
communal
-
-
-
149
pensions
-
-
-
306
accident
-
-
-
17
health
-
-
-
144
total
-
-
-
1 243
Employee
657
-
2 103
-
health
29
-
92
-
pensions
53
-
165
-
surtax
40
-
129
-
income
63
-
551
-
total
185
-
937
-
Employer
657
-
2 103
-
accident
6
-
19
-
health
20
-
63
-
pensions
53
-
165
-
total
79
-
247
-
Corporate
1 615
2 350
-
-
communal
109
159
-
-
surtax
17
25
-
-
income
242
353
-
-
total
368
537
-
-
Dividends
1 247
1 814
-
-
withholding
187
272
-
-
income
354
246
-
-
total
541
518
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 173
1 055
1 184
1 243
After tax
1 177
1 295
1 166
1 107
Living cost
471
471
471
471
Free-cash
706
824
695
636

Estimated living cost  is £471 per week

£354
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
139
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
794
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
1 249
Employee
292
-
2 106
-
health
7
-
30
-
pensions
19
-
77
-
unemployment
20
-
81
-
surtax
1
-
129
-
other
-
-
-
-
income
49
-
742
-
total
96
-
1 059
-
Employer
292
-
2 106
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
154
-
other
-
-
-
-
total
61
-
244
-
Corporate
1 996
2 350
-
-
income
519
611
-
-
total
519
611
-
-
Dividends
1 477
1 739
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
898
872
1 303
1 249
After tax
1 452
1 478
1 047
1 101
Living cost
195
195
195
195
Free-cash
1 257
1 283
852
906

Estimated living cost  is £195 per week

£118
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
£844
£1001
£917
£982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
434
national
-
-
-
711
regional
-
-
-
39
total
-
-
-
1 199
Employee
481
-
2 350
-
social contributions
162
-
569
-
national
76
-
653
-
regional
6
-
36
-
municipal
3
-
14
-
total
247
-
1 272
-
Employer
481
-
2 350
-
total
-
-
-
-
Corporate
1 869
2 350
-
-
municipal
93
117
-
-
nationa
449
564
-
-
total
542
681
-
-
Dividends
1 327
1 669
-
-
withholding
345
434
-
-
total
345
434
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 134
1 115
1 272
1 199
After tax
1 216
1 235
1 078
1 151
Living cost
234
234
234
234
Free-cash
982
1 001
844
917

Estimated living cost  is £234 per week

£145
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
£1053
£1356
£1160
£1263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
48
social contributions
-
-
-
305
income
-
-
-
259
health
-
-
-
317
total
-
-
-
929
Employee
384
-
1 916
-
health
52
-
259
-
social contributions
25
-
68
-
solidarity contribution
-
-
38
-
income
46
-
238
-
total
123
-
603
-
Employer
384
-
1 916
-
health
35
-
172
-
social contributions
96
-
261
-
total
131
-
433
-
Corporate
1 835
2 350
-
-
income
349
447
-
-
total
349
447
-
-
Dividends
1 487
1 903
-
-
withholding
223
286
-
-
total
223
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
826
733
1 036
929
After tax
1 524
1 617
1 314
1 421
Living cost
261
261
261
261
Free-cash
1 263
1 356
1 053
1 160

Estimated living cost  is £261 per week

£194
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£330
£1021
£923
£1012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
-
chamber of commerce
-
-
-
9
unemployment
-
-
-
53
income
-
-
-
823
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
1 150
Employee
379
346
1 987
-
health
15
13
39
-
pensions
39
35
104
-
unemployment
11
10
30
-
other
4
3
10
-
income
34
25
709
-
total
103
86
892
-
Employer
379
346
1 987
-
unemployment
11
10
30
-
payroll
11
10
60
-
accident
5
4
13
-
health
14
13
38
-
pensions
48
43
127
-
other
18
16
86
-
surtax
-
-
-
-
chamber of commerce
2
1
8
-
total
109
97
362
-
Corporate
1 862
1 905
1 954
-
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.

465
476
489
-
total
465
476
489
-
Dividends
1 396
1 429
-
-
withholding
384
393
-
-
total
384
393
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 061
1 052
1 743
1 150
After tax
1 289
1 298
607
1 200
Living cost
277
277
277
277
Free-cash
1 012
1 021
330
923

Estimated living cost  is £277 per week

£166
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
£1771
£2123
£2217
£2103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
137
-
2 350
-
income
27
-
470
-
total
27
-
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%.

2 213
2 350
-
-
total
-
-
-
-
Dividends
2 213
2 350
-
-
withholding
111
118
-
-
total
111
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
138
118
470
24
After tax
2 212
2 232
1 880
2 326
Living cost
109
109
109
109
Free-cash
2 103
2 123
1 771
2 217

Estimated living cost  is £109 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£766
£1384
£816
£1312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 350
unemployment
-
-
-
4
income
-
-
-
637
pensions
-
-
-
429
health
-
-
-
231
total
-
-
-
1 301
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.

384
-
2 033
-
health
25
-
131
-
pensions
59
-
315
-
unemployment
1
-
3
-
income
66
-
586
-
total
151
-
1 035
-
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.

384
-
2 033
-
unemployment
-
-
1
-
health
26
-
135
-
pensions
34
-
180
-
total
60
-
316
-
Corporate
1 907
2 350
-
-
income
362
447
-
-
total
362
447
-
-
Dividends
1 544
1 903
-
-
withholding
232
286
-
-
total
232
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
805
733
1 351
1 301
After tax
1 545
1 617
999
1 049
Living cost
233
233
233
233
Free-cash
1 312
1 384
766
816

Estimated living cost  is £233 per week

£160
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
£1865
£1058
£1252
£647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
268
income
-
-
-
458
total
-
-
-
726
Employee
533
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
533
-
-
-
social contributions
752
-
107
-
total
752
-
107
-
Corporate
1 064
2 350
-
-
income
234
517
-
-
total
234
517
-
-
Dividends
830
1 833
-
-
income
183
403
-
-
total
183
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 331
920
113
726
After tax
1 019
1 430
2 237
1 624
Living cost
372
372
372
372
Free-cash
647
1 058
1 865
1 252

Estimated living cost  is £372 per week

£241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£736
£1064
£933
£1055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax
-
-
-
-
social contributions

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

-
-
-
817
income
-
-
-
328
total
-
-
-
1 145
Employee
399
-
1 899
-
social contributions
44
-
209
-
surtax
-
-
9
-
income
83
-
673
-
total
127
-
891
-
Employer
399
-
1 899
-
social contributions
95
-
451
-
total
95
-
451
-
Corporate
1 856
2 350
-
-
surtax
-
-
-
-
income
390
494
-
-
total
390
494
-
-
Dividends
1 467
1 856
-
-
withholding
411
520
-
-
total
411
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 023
1 014
1 342
1 145
After tax
1 327
1 336
1 008
1 205
Living cost
272
272
272
272
Free-cash
1 055
1 064
736
933

Estimated living cost  is £272 per week

£204
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
£737
£765
£832
£826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
surtax
-
-
-
-
other
-
-
-
73
social contributions
-
-
-
67
income
-
-
-
493
pensions
-
-
-
341
health
-
-
-
125
total
-
-
-
1 099
Employee
543
-
1 775
-
social contributions
15
-
51
-
pensions
61
-
142
-
surtax
-
-
-
-
income
47
-
426
-
total
123
-
619
-
Employer
543
-
1 775
-
unemployment
22
-
72
-
health
38
-
186
-
pensions
89
-
235
-
other
19
-
77
-
social contributions
2
-
5
-
total
170
-
575
-
Corporate
1 637
2 350
-
-
surtax
-
-
-
-
income
458
658
-
-
total
458
658
-
-
Dividends
1 179
1 692
-
-
withholding
151
217
-
-
surtax
-
-
-
-
social contributions
203
291
-
-
total
354
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 105
1 166
1 194
1 099
After tax
1 245
1 184
1 156
1 251
Living cost
419
419
419
419
Free-cash
826
765
737
832

Estimated living cost  is £419 per week

£283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1504
£1854
£1441
£1825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
131
social contributions
-
-
-
517
total
-
-
-
648
Employee
279
-
2 035
-
social contributions
18
-
132
-
income
-
-
138
-
total
18
-
270
-
Employer
279
-
2 035
-
social contributions
43
-
315
-
total
43
-
315
-
Corporate
2 028
2 350
-
-
income
203
235
-
-
total
203
235
-
-
Dividends
1 825
2 115
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
264
235
585
648
After tax
2 086
2 115
1 765
1 702
Living cost
261
261
261
261
Free-cash
1 825
1 854
1 504
1 441

Estimated living cost  is £261 per week

£169
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
£460
£460
£920
£226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
187
national
-
-
-
303
pensions
-
-
-
8
total
-
-
-
1 012
Employee
1 763
1 763
1 763
-
pensions
3
3
3
-
national
215
215
215
-
labour market
141
141
141
-
municipal
375
375
375
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
pensions
5
5
5
-
national
216
216
216
-
labour market
141
141
141
-
municipal
376
376
376
-
total
738
738
738
-
Corporate
460
-
-
-
income
101
-
-
-
total
101
-
-
-
Dividends
359
-
-
-
withholding
133
-
-
-
total
133
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 706
1 472
1 472
1 012
After tax
644
878
878
1 338
Living cost
418
418
418
418
Free-cash
226
460
460
920

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£1114
-£1
£1413
£161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
685
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
746
Employee
300
-
2 164
-
health
34
-
248
-
pensions
34
-
67
-
income
41
-
544
-
total
109
-
859
-
Employer
300
-
2 164
-
unemployment
7
-
53
-
accident
5
-
36
-
pensions
49
-
97
-
total
61
-
186
-
Corporate
1 989
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.

1 790
2 115
-
-
total
1 790
2 115
-
-
Dividends
199
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 998
2 160
1 045
746
After tax
352
190
1 305
1 604
Living cost
191
191
191
191
Free-cash
161
-1
1 114
1 413

Estimated living cost  is £191 per week

£139
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
£794
£1073
£1063
£1114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
municipal
-
-
-
417
national
-
-
-
504
health
-
-
-
33
total
-
-
-
954
Employee
456
-
1 977
-
health
3
-
27
-
pensions
31
-
133
-
unemployment
7
-
30
-
national
8
-
338
-
municipal
75
-
322
-
total
124
-
850
-
Employer
456
-
1 977
-
unemployment
3
-
13
-
accident
-
-
2
-
health
4
-
15
-
pensions
79
-
343
-
total
86
-
373
-
Corporate
1 808
2 350
-
-
income
362
470
-
-
total
362
470
-
-
Dividends

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

1 085
1 410
-
-
national
136
220
-
-
municipal
195
254
-
-
total
331
474
-
-
Income
2 350
2 350
2 350
2 350
Total tax
903
944
1 223
954
After tax
1 447
1 406
1 127
1 396
Living cost
333
333
333
333
Free-cash
1 114
1 073
794
1 063

Estimated living cost  is £333 per week

£217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1345
£1512
£1364
£1463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
social contributions
-
-
-
140
income
-
-
-
585
health
-
-
-
60
total
-
-
-
785
Employee
667
667
2 234
-
health
5
11
38
-
social contributions
25
55
75
-
income
73
62
575
-
total
103
128
688
-
Employer
667
667
2 234
-
health
6
12
41
-
social contributions
25
55
75
-
total
31
67
116
-
Corporate
2 015
1 615
-
-
income
252
202
-
-
total
252
202
-
-
Dividends
1 763
1 413
-
-
withholding
300
240
-
-
total
300
240
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
637
804
785
After tax
1 664
1 713
1 546
1 565
Living cost
201
201
201
201
Free-cash
1 463
1 512
1 345
1 364

Estimated living cost  is £201 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1707
£1808
£1880
£1763
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 350
unemployment
-
-
-
-
income
-
-
-
246
pensions
-
-
-
55
health
-
-
-
31
total
-
-
-
332
Employee

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

199
-
2 265
-
health
17
-
70
-
pensions
30
-
123
-
unemployment
1
-
4
-
income
14
-
224
-
total
62
-
421
-
Employer

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

199
-
2 265
-
unemployment
1
-
4
-
health
9
-
35
-
pensions
11
-
45
-
total
21
-
84
-
Corporate
2 130
2 350
-
-
income
192
212
-
-
total
192
212
-
-
Dividends
1 939
2 138
-
-
withholding
174
192
-
-
total
174
192
-
-
Income
2 350
2 350
2 350
2 350
Total tax
449
404
505
332
After tax
1 901
1 946
1 845
2 018
Living cost
138
138
138
138
Free-cash
1 763
1 808
1 707
1 880

Estimated living cost  is £138 per week

£88
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
£1036
£1318
£1072
£1280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
799
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 040
Employee
321
-
2 094
-
pensions
15
-
38
-
unemployment
5
-
12
-
other
-
-
1
-
income
62
-
769
-
total
82
-
820
-
Employer
321
-
2 094
-
unemployment
18
-
44
-
accident
6
-
16
-
pensions
76
-
190
-
other
3
-
6
-
total
103
-
256
-
Corporate
1 927
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
1 638
1 997
-
-
withholding
358
441
-
-
total
358
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
832
794
1 076
1 040
After tax
1 518
1 556
1 274
1 310
Living cost
238
238
238
238
Free-cash
1 280
1 318
1 036
1 072

Estimated living cost  is £238 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1498
£1448
£1499
£1446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
811
pensions
-
-
-
13
health
-
-
-
9
total
-
-
-
833
Employee
27
-
2 336
-
health
1
-
3
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
810
-
total
8
-
820
-
Employer
27
-
2 336
-
unemployment
1
-
1
-
health
3
-
6
-
pensions
3
-
7
-
total
7
-
14
-
Corporate
2 317
2 350
-
-
income
510
517
-
-
total
510
517
-
-
Dividends
1 807
1 833
-
-
withholding
361
367
-
-
total
361
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
886
884
834
833
After tax
1 464
1 466
1 516
1 517
Living cost
18
18
18
18
Free-cash
1 446
1 448
1 498
1 499

Estimated living cost  is £18 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1406
£1547
£1406
£1504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 350
unemployment
-
-
-
10
income
-
-
-
551
pensions
-
-
-
167
health
-
-
-
66
total
-
-
-
794
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.

226
-
2 235
-
health
12
-
33
-
pensions
32
-
90
-
unemployment
2
-
5
-
income
31
-
551
-
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.

226
-
2 235
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
77
-
total
41
-
115
-
Corporate
2 083
2 350
-
-
income
312
353
-
-
total
312
353
-
-
Dividends
1 771
1 997
-
-
withholding
266
300
-
-
total
266
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
696
653
794
794
After tax
1 654
1 697
1 556
1 556
Living cost
150
150
150
150
Free-cash
1 504
1 547
1 406
1 406

Estimated living cost  is £150 per week

£101
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
£774
£1102
£971
£1099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax
-
-
-
-
social contributions

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

-
-
-
817
income
-
-
-
328
total
-
-
-
1 145
Employee
337
-
1 899
-
social contributions
37
-
209
-
surtax
-
-
9
-
income
66
-
673
-
total
103
-
891
-
Employer
337
-
1 899
-
social contributions
80
-
451
-
total
80
-
451
-
Corporate
1 933
2 350
-
-
surtax
-
-
-
-
income
406
494
-
-
total
406
494
-
-
Dividends
1 527
1 856
-
-
withholding
428
520
-
-
total
428
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 017
1 014
1 342
1 145
After tax
1 333
1 336
1 008
1 205
Living cost
234
234
234
234
Free-cash
1 099
1 102
774
971

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£969
£1251
£1005
£1196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
799
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 040
Employee
419
-
2 094
-
pensions
20
-
38
-
unemployment
6
-
12
-
other
-
-
1
-
income
87
-
769
-
total
113
-
820
-
Employer
419
-
2 094
-
unemployment
23
-
44
-
accident
8
-
16
-
pensions
99
-
190
-
other
3
-
6
-
total
133
-
256
-
Corporate
1 798
2 350
-
-
income

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

270
353
-
-
total
270
353
-
-
Dividends
1 528
1 997
-
-
withholding
333
441
-
-
total
333
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
849
794
1 076
1 040
After tax
1 501
1 556
1 274
1 310
Living cost
305
305
305
305
Free-cash
1 196
1 251
969
1 005

Estimated living cost  is £305 per week

£219
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
£1869
£1860
£1768
£1808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
unemployment
-
-
-
1
income
-
-
-
352
pensions

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

-
-
-
45
health
-
-
-
35
total
-
-
-
433
Employee
198
-
2 291
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
229
-
total
48
-
273
-
Employer
198
-
2 291
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
pensions

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

22
-
33
-
total
39
-
59
-
Corporate
2 114
2 350
-
-
income
211
235
-
-
total
211
235
-
-
Dividends
1 902
2 115
-
-
withholding
95
106
-
-
total
95
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
393
341
332
433
After tax
1 957
2 009
2 018
1 917
Living cost
149
149
149
149
Free-cash
1 808
1 860
1 869
1 768

Estimated living cost  is £149 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.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£1093
£873
£814
£986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
surtax

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

-
-
-
45
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.

-
-
-
818
health

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

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

-
-
-
59
total
-
-
-
1 201
Employee

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

432
-
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.

59
-
59
-
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
-
818
-
total
97
-
922
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 918
2 350
-
-
chamber of commerce
4
5
-
-
trade
275
337
-
-
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
288
353
-
-
total
583
714
-
-
Dividends
1 335
1 636
-
-
withholding
331
406
-
-
surtax

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

18
22
-
-
total
349
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 029
1 142
922
1 201
After tax
1 321
1 208
1 428
1 149
Living cost
335
335
335
335
Free-cash
986
873
1 093
814

Estimated living cost  is £335 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£648
£1151
£648
£1170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
797
social contributions
-
-
-
411
total
-
-
-
1 208
Employee
678
-
2 350
-
social contributions
56
-
411
-
income
128
-
797
-
total
184
-
1 208
-
Employer
678
-
2 350
-
total
-
-
-
-
Corporate
1 672
2 350
-
-
income
209
294
-
-
total
209
294
-
-
Dividends
1 463
2 056
-
-
withholding
293
411
-
-
total
293
411
-
-
Income
2 350
2 350
2 350
2 350
Total tax
686
705
1 208
1 208
After tax
1 664
1 645
1 142
1 142
Living cost
494
494
494
494
Free-cash
1 170
1 151
648
648

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1306
£1167
£1629
£1197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 350
income
-
-
-
353
health

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

-
-
-
53
total
-
-
-
406
Employee
398
-
2 310
-
social contributions
40
-
40
-
income
43
-
649
-
total
83
-
689
-
Employer
398
-
2 310
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 912
2 350
-
-
income
669
822
-
-
total
669
822
-
-
Dividends
1 243
1 528
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
868
729
406
After tax
1 512
1 482
1 621
1 944
Living cost
315
315
315
315
Free-cash
1 197
1 167
1 306
1 629

Estimated living cost  is £315 per week

£207
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
£964
£1127
£1173
£1178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£1095
-£20
£1394
£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
other
-
-
-
3
income
-
-
-
685
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
746
Employee
330
-
2 164
-
health
38
-
248
-
pensions
37
-
67
-
income
45
-
544
-
total
120
-
859
-
Employer
330
-
2 164
-
unemployment
8
-
53
-
accident
6
-
36
-
pensions
54
-
97
-
total
68
-
186
-
Corporate
1 953
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.

1 758
2 115
-
-
total
1 758
2 115
-
-
Dividends
195
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
210
210
210
210
Free-cash
157
-20
1 095
1 394

Estimated living cost  is £210 per week

£154
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
£1643
£1681
£1451
£1654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
unemployment
-
-
-
17
health insurance
-
-
-
103
income
-
-
-
400
pensions
-
-
-
255
work injury
-
-
-
7
total
-
-
-
782
Employee

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

188
-
2 350
-
pensions
35
-
128
-
unemployment
2
-
8
-
work injury
1
-
3
-
health insurance
14
-
51
-
income
19
-
400
-
total
71
-
590
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 162
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
1 946
2 115
-
-
withholding
292
317
-
-
total
292
317
-
-
Income
2 350
2 350
2 350
2 350
Total tax
579
552
590
782
After tax
1 771
1 798
1 760
1 568
Living cost
117
117
117
117
Free-cash
1 654
1 681
1 643
1 451

Estimated living cost  is £117 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.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£711
£893
£782
£854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
434
national
-
-
-
711
regional
-
-
-
61
total
-
-
-
1 223
Employee
731
-
2 350
-
social contributions
246
-
569
-
national
123
-
653
-
regional
11
-
56
-
municipal
4
-
16
-
total
384
-
1 294
-
Employer
731
-
2 350
-
total
-
-
-
-
Corporate
1 619
2 350
-
-
municipal
78
113
-
-
nationa
389
564
-
-
total
467
677
-
-
Dividends
1 153
1 673
-
-
withholding
300
435
-
-
total
300
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 151
1 112
1 294
1 223
After tax
1 199
1 238
1 056
1 127
Living cost
346
346
346
346
Free-cash
854
893
711
782

Estimated living cost  is £346 per week

£243
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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