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

Valencia , Spain
£1028
£1065
£1313
£1272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
792
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
234
other
-
-
-
1
total
-
-
-
1 040
Employee
330
-
2 086
-
other
-
-
1
-
income
64
-
761
-
unemployment
5
-
13
-
pensions
16
-
39
-
total
85
-
814
-
Employer
330
-
2 086
-
unemployment
18
-
45
-
pensions
78
-
195
-
other
3
-
7
-
accident
7
-
16
-
total
106
-
263
-
Corporate
1 915
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.

287
352
-
-
total
287
352
-
-
Dividends
1 628
1 998
-
-
withholding
355
440
-
-
total
355
440
-
-
Income
2 350
2 350
2 350
2 350
Total tax
833
792
1 077
1 040
After tax
1 517
1 558
1 273
1 310
Living cost
245
245
245
245
Free-cash
1 272
1 313
1 028
1 065

Estimated living cost  is £245 per week

£166
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.
£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
Bratislava , Slovakia
£1205
£1225
£1488
£1427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
437
health
-
-
-
60
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.

-
-
-
326
other
-
-
-
64
total
-
-
-
887
Employee
324
-
2 003
-
income
56
-
431
-
health
5
-
19
-
unemployment
3
-
14
-
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.

23
-
95
-
total
87
-
559
-
Employer
324
-
2 003
-
unemployment
3
-
14
-
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.

55
-
231
-
other
16
-
68
-
accident
3
-
16
-
health
5
-
19
-
total
82
-
348
-
Corporate
1 944
2 350
-
-
income
408
494
-
-
total
408
494
-
-
Dividends
1 536
1 856
-
-
withholding
108
130
-
-
total
108
130
-
-
Income
2 350
2 350
2 350
2 350
Total tax
685
624
907
887
After tax
1 665
1 726
1 443
1 463
Living cost
238
238
238
238
Free-cash
1 427
1 488
1 205
1 225

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Varna , Bulgaria
£1899
£1797
£1892
£1850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
353
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
436
Employee
155
-
2 289
-
income
16
-
229
-
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.

14
-
27
-
total
39
-
273
-
Employer
155
-
2 289
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
61
-
Corporate
2 164
2 350
-
-
income
216
235
-
-
total
216
235
-
-
Dividends
1 948
2 115
-
-
withholding
97
106
-
-
total
97
106
-
-
Income
2 350
2 350
2 350
2 350
Total tax
383
341
334
436
After tax
1 967
2 009
2 016
1 914
Living cost
117
117
117
117
Free-cash
1 850
1 892
1 899
1 797

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£860
£951
£879
£932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
485
social contributions
-
-
-
67
health
-
-
-
124
surtax
-
-
-
-
pensions
-
-
-
345
other
-
-
-
73
total
-
-
-
1 094
Employee
382
-
1 778
-
income
23
-
420
-
social contributions
11
-
51
-
surtax
-
-
-
-
pensions
43
-
141
-
total
77
-
612
-
Employer
382
-
1 778
-
unemployment
15
-
72
-
social contributions
1
-
5
-
pensions
63
-
234
-
other
13
-
77
-
health
27
-
185
-
total
119
-
573
-
Corporate
1 849
2 350
-
-
income
518
658
-
-
surtax
-
-
-
-
total
518
658
-
-
Dividends
1 331
1 692
-
-
withholding
170
217
-
-
surtax
-
-
-
-
social contributions
229
291
-
-
total
399
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 113
1 166
1 185
1 094
After tax
1 237
1 184
1 165
1 256
Living cost
305
305
305
305
Free-cash
932
879
860
951

Estimated living cost  is £305 per week

£193
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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£1128
£869
£800
£746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
892
health
-
-
-
110
pensions
-
-
-
105
total
-
-
-
1 107
Employee
762
762
2 184
-
income

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

125
125
467
-
health
117
100
110
-
pensions
137
105
105
-
total
379
330
682
-
Employer
762
762
2 184
-
unemployment
27
27
34
-
pensions
53
53
66
-
health
53
53
66
-
total
133
133
166
-
Corporate
1 464
1 454
-
-
income
293
291
-
-
total
293
291
-
-
Dividends
1 171
1 163
-
-
withholding
176
175
-
-
income
249
247
-
-
total
425
422
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 230
1 176
848
1 107
After tax
1 120
1 174
1 502
1 243
Living cost
374
374
374
374
Free-cash
746
800
1 128
869

Estimated living cost  is £374 per week

£265
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£1161
£856
£915
£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

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

-
-
-
2 350
income

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

-
-
-
813
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.

-
-
-
61
trade
-
-
-
305
surtax

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

-
-
-
45
total
-
-
-
1 224
Employee

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

341
-
2 350
-
income

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

10
-
813
-
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.

61
-
61
-
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
-
total
72
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 009
2 350
-
-
chamber of commerce
4
5
-
-
income
301
352
-
-
surtax

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

17
19
-
-
trade
316
370
-
-
total
638
746
-
-
Dividends
1 370
1 603
-
-
withholding
339
397
-
-
surtax

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

19
22
-
-
total
358
419
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 068
1 165
919
1 224
After tax
1 282
1 185
1 431
1 126
Living cost
270
270
270
270
Free-cash
1 012
915
1 161
856

Estimated living cost  is £270 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£1342
£1361
£1504
£1456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
578
social contributions
-
-
-
144
health
-
-
-
60
total
-
-
-
782
Employee
686
686
2 232
-
income
75
64
568
-
social contributions
26
57
77
-
health
5
12
38
-
total
106
133
683
-
Employer
686
686
2 232
-
social contributions
26
57
77
-
health
6
13
41
-
total
32
70
118
-
Corporate
2 006
1 594
-
-
income
251
199
-
-
total
251
199
-
-
Dividends
1 755
1 395
-
-
withholding
298
237
-
-
total
298
237
-
-
Income
2 350
2 350
2 350
2 350
Total tax
687
639
801
782
After tax
1 663
1 711
1 549
1 568
Living cost
207
207
207
207
Free-cash
1 456
1 504
1 342
1 361

Estimated living cost  is £207 per week

£124
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.
£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
Lisbon , Portugal
£733
£928
£1056
£1048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
income
-
-
-
325
social contributions

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

-
-
-
817
surtax
-
-
-
-
total
-
-
-
1 142
Employee
411
-
1 899
-
income
85
-
669
-
social contributions
45
-
209
-
surtax
-
-
8
-
total
130
-
886
-
Employer
411
-
1 899
-
social contributions
98
-
451
-
total
98
-
451
-
Corporate
1 842
2 350
-
-
income
387
494
-
-
surtax
-
-
-
-
total
387
494
-
-
Dividends
1 455
1 856
-
-
withholding
407
520
-
-
total
407
520
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 022
1 014
1 337
1 142
After tax
1 328
1 336
1 013
1 208
Living cost
280
280
280
280
Free-cash
1 048
1 056
733
928

Estimated living cost  is £280 per week

£209
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.
£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
Batumi , Georgia
£1813
£2260
£2165
£2153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
83
-
2 350
-
income
17
-
470
-
total
17
-
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%.

2 267
2 350
-
-
total
-
-
-
-
Dividends
2 267
2 350
-
-
withholding
113
118
-
-
total
113
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
130
118
470
23
After tax
2 220
2 232
1 880
2 327
Living cost
67
67
67
67
Free-cash
2 153
2 165
1 813
2 260

Estimated living cost  is £67 per week

£41
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.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Ljubljana , Slovenia
£766
£816
£1379
£1305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
2 350
income
-
-
-
631
health
-
-
-
231
unemployment
-
-
-
4
pensions
-
-
-
429
total
-
-
-
1 295
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.

395
-
2 033
-
income
68
-
580
-
health
25
-
131
-
unemployment
1
-
3
-
pensions
61
-
315
-
total
155
-
1 029
-
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.

395
-
2 033
-
unemployment
-
-
1
-
pensions
35
-
180
-
health
26
-
135
-
total
61
-
316
-
Corporate
1 894
2 350
-
-
income
360
446
-
-
total
360
446
-
-
Dividends
1 534
1 904
-
-
withholding
230
286
-
-
total
230
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
806
732
1 345
1 295
After tax
1 544
1 618
1 005
1 055
Living cost
239
239
239
239
Free-cash
1 305
1 379
766
816

Estimated living cost  is £239 per week

£164
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£1300
£1615
£1156
£1188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
352
health

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

-
-
-
59
total
-
-
-
411
Employee
409
-
2 309
-
social contributions
41
-
41
-
income
44
-
644
-
total
85
-
685
-
Employer
409
-
2 309
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 899
2 350
-
-
income
665
823
-
-
total
665
823
-
-
Dividends
1 235
1 527
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 350
2 350
2 350
2 350
Total tax
838
870
726
411
After tax
1 512
1 480
1 624
1 939
Living cost
324
324
324
324
Free-cash
1 188
1 156
1 300
1 615

Estimated living cost  is £324 per week

£213
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.
£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
Vilnius , Lithuania
£677
£1321
£1245
£1250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
352
social contributions
-
-
-
324
health
-
-
-
164
total
-
-
-
840
Employee
303
-
2 350
-
income
50
-
996
-
social contributions
42
-
324
-
health
21
-
164
-
total
113
-
1 484
-
Employer
303
-
2 350
-
total
-
-
-
-
Corporate
2 047
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%.

102
117
-
-
total
102
117
-
-
Dividends
1 945
2 233
-
-
withholding
292
335
-
-
health
136
156
-
-
social contributions
268
308
-
-
total
696
799
-
-
Income
2 350
2 350
2 350
2 350
Total tax
911
916
1 484
840
After tax
1 439
1 434
866
1 510
Living cost
189
189
189
189
Free-cash
1 250
1 245
677
1 321

Estimated living cost  is £189 per week

£127
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£1079
£1188
£1373
£1288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
262
social contributions
-
-
-
285
solidarity contribution
-
-
-
54
health
-
-
-
317
total
-
-
-
918
Employee
359
-
1 932
-
solidarity contribution
-
-
44
-
income
43
-
241
-
social contributions
23
-
63
-
health
48
-
261
-
total
114
-
609
-
Employer
359
-
1 932
-
social contributions
90
-
244
-
health
32
-
174
-
total
122
-
418
-
Corporate
1 869
2 350
-
-
income
355
447
-
-
total
355
447
-
-
Dividends
1 514
1 903
-
-
withholding
227
286
-
-
total
227
286
-
-
Income
2 350
2 350
2 350
2 350
Total tax
818
733
1 027
918
After tax
1 532
1 617
1 323
1 432
Living cost
244
244
244
244
Free-cash
1 288
1 373
1 079
1 188

Estimated living cost  is £244 per week

£182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Tbilisi , Georgia
£1776
£2223
£2128
£2109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
130
-
2 350
-
income
26
-
470
-
total
26
-
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%.

2 220
2 350
-
-
total
-
-
-
-
Dividends
2 220
2 350
-
-
withholding
111
118
-
-
total
111
118
-
-
Income
2 350
2 350
2 350
2 350
Total tax
137
118
470
23
After tax
2 213
2 232
1 880
2 327
Living cost
104
104
104
104
Free-cash
2 109
2 128
1 776
2 223

Estimated living cost  is £104 per week

£70
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
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.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Paris , France
£734
£825
£753
£814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
485
social contributions
-
-
-
67
health
-
-
-
124
surtax
-
-
-
-
pensions
-
-
-
345
other
-
-
-
73
total
-
-
-
1 094
Employee
559
-
1 778
-
income
49
-
420
-
social contributions
16
-
51
-
surtax
-
-
-
-
pensions
63
-
141
-
total
128
-
612
-
Employer
559
-
1 778
-
unemployment
23
-
72
-
social contributions
2
-
5
-
pensions
92
-
234
-
other
19
-
77
-
health
39
-
185
-
total
175
-
573
-
Corporate
1 616
2 350
-
-
income
453
658
-
-
surtax
-
-
-
-
total
453
658
-
-
Dividends
1 164
1 692
-
-
withholding
149
217
-
-
surtax
-
-
-
-
social contributions
200
291
-
-
total
349
508
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 105
1 166
1 185
1 094
After tax
1 245
1 184
1 165
1 256
Living cost
431
431
431
431
Free-cash
814
753
734
825

Estimated living cost  is £431 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Belgrade , Serbia
£1397
£1397
£1543
£1500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 350
income
-
-
-
550
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
171
total
-
-
-
799
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.

232
-
2 232
-
income
32
-
550
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
32
-
92
-
total
78
-
681
-
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.

232
-
2 232
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
2 076
2 350
-
-
income
311
353
-
-
total
311
353
-
-
Dividends
1 765
1 997
-
-
withholding
265
300
-
-
total
265
300
-
-
Income
2 350
2 350
2 350
2 350
Total tax
696
653
799
799
After tax
1 654
1 697
1 551
1 551
Living cost
154
154
154
154
Free-cash
1 500
1 543
1 397
1 397

Estimated living cost  is £154 per week

£104
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.
£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
Zurich , Switzerland
£1137
£1199
£451
£718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
regional
-
-
-
148
national
-
-
-
87
health
-
-
-
5
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
pensions
-
-
-
216
total
-
-
-
528
Employee
730
-
2 128
-
regional
24
-
135
-
city
8
-
23
-
health
2
-
5
-
unemployment
-
-
-
-
national
3
-
75
-
pensions
61
-
152
-
total
98
-
390
-
Employer
730
-
2 128
-
unemployment
-
-
-
-
pensions
61
-
152
-
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.

15
-
43
-
health
2
-
5
-
total
78
-
200
-
Corporate
1 535
2 350
-
-
regional
325
497
-
-
national
130
200
-
-
total
455
697
-
-
Dividends
1 080
1 653
-
-
withholding
378
579
-
-
total
378
579
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 009
1 276
590
528
After tax
1 341
1 074
1 760
1 822
Living cost
623
623
623
623
Free-cash
718
451
1 137
1 199

Estimated living cost  is £623 per week

£405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
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.
£154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
£790
£1060
£1069
£1108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
498
health
-
-
-
32
total
-
-
-
947
Employee
470
-
1 977
-
health
4
-
27
-
unemployment
7
-
30
-
national
8
-
332
-
municipal
77
-
322
-
pensions
32
-
133
-
total
128
-
844
-
Employer
470
-
1 977
-
unemployment
3
-
13
-
pensions
81
-
343
-
accident
-
-
2
-
health
4
-
15
-
total
88
-
373
-
Corporate
1 792
2 350
-
-
income
358
470
-
-
total
358
470
-
-
Dividends

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

1 075
1 410
-
-
national
131
214
-
-
municipal
194
254
-
-
total
325
468
-
-
Income
2 350
2 350
2 350
2 350
Total tax
899
938
1 217
947
After tax
1 451
1 412
1 133
1 403
Living cost
343
343
343
343
Free-cash
1 108
1 069
790
1 060

Estimated living cost  is £343 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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.

Brussels , Belgium
£458
£698
£945
£855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
national
-
-
-
976
social contributions
-
-
-
223
communal

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

-
-
-
128
total
-
-
-
1 327
Employee

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

639
-
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.

30
-
86
-
communal

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

33
-
95
-
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.

6
-
16
-
national
196
-
703
-
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.

48
-
137
-
total
313
-
1 037
-
Employer

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

639
-
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
-
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.

57
-
161
-
surtax
72
-
206
-
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.

39
-
112
-
total
185
-
530
-
Corporate
1 526
2 350
-
-
income
305
529
-
-
surtax
6
11
-
-
total
311
540
-
-
Dividends
1 214
1 810
-
-
withholding

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

361
540
-
-
total
361
540
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 170
1 080
1 567
1 327
After tax
1 180
1 270
783
1 023
Living cost
325
325
325
325
Free-cash
855
945
458
698

Estimated living cost  is £325 per week

£210
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£785
£794
£914
£906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
631
national
-
-
-
322
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
87
other
-
-
-
94
total
-
-
-
1 187
Employee
526
-
2 096
-
national
-
-
317
-
municipal
157
-
625
-
total
157
-
942
-
Employer
526
-
2 096
-
unemployment
14
-
21
-
pensions
57
-
87
-
other
61
-
94
-
accident
1
-
2
-
health
32
-
50
-
total
165
-
254
-
Corporate
1 659
2 350
-
-
income
365
517
-
-
total
365
517
-
-
Dividends
1 294
1 833
-
-
withholding
388
550
-
-
total
388
550
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 075
1 067
1 196
1 187
After tax
1 275
1 283
1 154
1 163
Living cost
369
369
369
369
Free-cash
906
914
785
794

Estimated living cost  is £369 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£1817
£1216
£1022
£571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
458
social contributions
-
-
-
268
total
-
-
-
726
Employee
586
-
-
-
income
129
-
-
-
social contributions
48
-
7
-
total
177
-
7
-
Employer
586
-
-
-
social contributions
826
-
118
-
total
826
-
118
-
Corporate
939
2 350
-
-
income
207
517
-
-
total
207
517
-
-
Dividends
732
1 833
-
-
income
161
403
-
-
total
161
403
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 371
920
125
726
After tax
979
1 430
2 225
1 624
Living cost
408
408
408
408
Free-cash
571
1 022
1 817
1 216

Estimated living cost  is £408 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£1259
£1278
£1421
£1386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
578
social contributions
-
-
-
144
health
-
-
-
60
total
-
-
-
782
Employee
686
686
2 232
-
income
72
64
568
-
social contributions
33
57
77
-
health
7
12
38
-
total
112
133
683
-
Employer
686
686
2 232
-
social contributions
33
57
77
-
health
7
13
41
-
total
40
70
118
-
Corporate
1 907
1 594
-
-
income
238
199
-
-
total
238
199
-
-
Dividends
1 669
1 395
-
-
withholding
284
237
-
-
total
284
237
-
-
Income
2 350
2 350
2 350
2 350
Total tax
674
639
801
782
After tax
1 676
1 711
1 549
1 568
Living cost
290
290
290
290
Free-cash
1 386
1 421
1 259
1 278

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£964
£1173
£1127
£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
-
income
81
-
619
-
health
6
-
27
-
pensions
34
-
111
-
total
121
-
757
-
Employer
445
-
2 045
-
pensions
45
-
266
-
health
8
-
39
-
total
53
-
305
-
Corporate
1 851
2 350
-
-
income

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Rome , Italy
£693
£767
£882
£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
-
-
-
17
regional
-
-
-
60
national
-
-
-
703
social contributions
-
-
-
447
total
-
-
-
1 227
Employee
752
-
2 350
-
regional
11
-
56
-
social contributions
254
-
586
-
national
127
-
643
-
municipal
4
-
16
-
total
396
-
1 301
-
Employer
752
-
2 350
-
total
-
-
-
-
Corporate
1 598
2 350
-
-
nationa
383
564
-
-
municipal
77
113
-
-
total
460
677
-
-
Dividends
1 137
1 673
-
-
withholding
296
435
-
-
total
296
435
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 152
1 112
1 301
1 227
After tax
1 198
1 238
1 049
1 123
Living cost
356
356
356
356
Free-cash
842
882
693
767

Estimated living cost  is £356 per week

£250
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£1120
£1417
£3
£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
income
-
-
-
688
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
746
Employee
293
-
2 167
-
income
40
-
548
-
health
34
-
248
-
pensions
33
-
65
-
total
107
-
861
-
Employer
293
-
2 167
-
unemployment
7
-
53
-
pensions
48
-
93
-
accident
5
-
36
-
total
60
-
182
-
Corporate
1 997
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.

1 797
2 115
-
-
total
1 797
2 115
-
-
Dividends
200
235
-
-
withholding
38
45
-
-
total
38
45
-
-
Income
2 350
2 350
2 350
2 350
Total tax
2 002
2 160
1 043
746
After tax
348
190
1 307
1 604
Living cost
187
187
187
187
Free-cash
161
3
1 120
1 417

Estimated living cost  is £187 per week

£137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£1086
£808
£864
£980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 350
income

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

-
-
-
813
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.

-
-
-
61
trade
-
-
-
278
surtax

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

-
-
-
45
total
-
-
-
1 197
Employee

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

444
-
2 350
-
income

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

37
-
813
-
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.

61
-
61
-
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
-
total
100
-
919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 906
2 350
-
-
chamber of commerce
4
5
-
-
income
286
352
-
-
surtax

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

16
19
-
-
trade
273
337
-
-
total
579
713
-
-
Dividends
1 327
1 636
-
-
withholding
328
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
346
428
-
-
Income
2 350
2 350
2 350
2 350
Total tax
1 025
1 141
919
1 197
After tax
1 325
1 209
1 431
1 153
Living cost
345
345
345
345
Free-cash
980
864
1 086
808

Estimated living cost  is £345 per week

£238
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.
£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.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Riga , Latvia
£854
£692
£1694
£1621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 350
microenterprise
-
-
-
-
income
-
-
-
531
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.

-
-
-
342
surtax
-
-
-
599
total
-
-
-
1 472
Employee
261
-
1 886
-
income
46
-
456
-
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.

29
-
117
-
surtax
-
-
274
-
total
75
-
847
-
Employer
261
-
1 886
-
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.

63
-
256
-
surtax
-
-
207
-
total
63
-
463
-
Corporate
2 026
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%.

405
470
-
-
total
405
470
-
-
Dividends

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

1 621
1 880
-
-
total
-
-
-
-
Income
2 350
2 350
2 350
2 350
Total tax
543
470
1 310
1 472
After tax
1 807
1 880
1 040
878
Living cost
186
186
186
186
Free-cash
1 621
1 694
854
692

Estimated living cost  is £186 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Istanbul , Turkey
£1337
£1345
£1351
£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
income
-
-
-
745
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
890
Employee
176
-
2 255
-
income
34
-
741
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
804
-
Employer
176
-
2 255
-
unemployment
4
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
40
-
94
-
Corporate
2 135
2 350
-
-
income
470
517
-
-
total
470
517
-
-
Dividends
1 665
1 833
-
-
withholding
333
367
-
-
total
333
367
-
-
Income
2 350
2 350
2 350
2 350
Total tax
904
884
898
890
After tax
1 446
1 466
1 452
1 460
Living cost
115
115
115
115
Free-cash
1 331
1 351
1 337
1 345

Estimated living cost  is £115 per week

£69
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£846
£901
£1277
£1249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
786
health
-
-
-
85
unemployment
-
-
-
2
surtax
-
-
-
137
pensions
-
-
-
238
other
-
-
-
-
total
-
-
-
1 248
Employee
301
-
2 099
-
other
-
-
-
-
income
50
-
733
-
health
8
-
30
-
unemployment
21
-
83
-
surtax
1
-
127
-
pensions
20
-
79
-
total
100
-
1 052
-
Employer
301
-
2 099
-
unemployment
10
-
38
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
total
64
-
251
-
Corporate
1 986
2 350
-
-
income
516
611
-
-
total
516
611
-
-
Dividends
1 470
1 739
-
-
withholding
220
261
-
-
total
220
261
-
-
Income
2 350
2 350
2 350
2 350
Total tax
900
872
1 303
1 248
After tax
1 450
1 478
1 047
1 102
Living cost
200
200
200
200
Free-cash
1 249
1 277
846
901

Estimated living cost  is £200 per week

£121
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£324
£915
£1008
£1002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 350
income
-
-
-
813
chamber of commerce
-
-
-
9
health
-
-
-
80
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
193
total
-
-
-
1 150
Employee
390
356
1 981
-
other
4
4
10
-
income
35
26
698
-
health
15
14
40
-
unemployment
12
11
31
-
pensions
40
36
107
-
total
106
91
886
-
Employer
390
356
1 981
-
unemployment
12
11
31