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
£ 2400
per

Your estimated
City
free-cash

Dresden , Germany
£1038
£940
£1189
£876
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.

-
-
-
2 400
trade
-
-
-
313
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.

-
-
-
835
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
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.

-
-
-
46
total
-
-
-
1 255
Employee

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

339
-
2 400
-
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
-
46
-
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
-
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
-
835
-
total
71
-
942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 061
2 400
-
-
trade
325
378
-
-
income
309
360
-
-
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
20
-
-
chamber of commerce
4
5
-
-
total
655
763
-
-
Dividends
1 406
1 637
-
-
withholding
348
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.

19
22
-
-
total
367
428
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 093
1 191
942
1 255
After tax
1 307
1 209
1 458
1 145
Living cost
269
269
269
269
Free-cash
1 038
940
1 189
876

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1033
£1042
£897
£883
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
-
-
-
2 400
social contributions
-
-
-
26
pensions
-
-
-
288
municipal
-
-
-
269
national
-
-
-
478
total
-
-
-
1 061
Employee
706
-
2 075
-
national
135
-
498
-
municipal
87
-
278
-
pensions
28
-
83
-
total
250
-
859
-
Employer
706
-
2 075
-
pensions
57
-
166
-
social contributions
8
-
22
-
total
65
-
188
-
Corporate
1 583
2 400
-
-
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%.

317
480
-
-
total
317
480
-
-
Dividends
1 266
1 920
-
-
withholding
279
422
-
-
total
279
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
911
902
1 047
1 061
After tax
1 489
1 498
1 353
1 339
Living cost
456
456
456
456
Free-cash
1 033
1 042
897
883

Estimated living cost  is £456 per week

£310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1662
£1735
£880
£715
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.

-
-
-
2 400
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.

-
-
-
340
income
-
-
-
548
microenterprise
-
-
-
-
surtax
-
-
-
612
total
-
-
-
1 500
Employee
259
-
1 933
-
surtax
-
-
280
-
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
-
116
-
income
46
-
471
-
total
75
-
867
-
Employer
259
-
1 933
-
social contributions

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

62
-
255
-
surtax
-
-
213
-
total
62
-
468
-
Corporate
2 078
2 400
-
-
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%.

416
480
-
-
total
416
480
-
-
Dividends

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

1 663
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
553
480
1 335
1 500
After tax
1 847
1 920
1 065
900
Living cost
185
185
185
185
Free-cash
1 662
1 735
880
715

Estimated living cost  is £185 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

Source of data for Riga model

Close
Rotterdam , Netherlands
£775
£828
£1162
£895
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
-
-
-
2 400
income
-
-
-
920
pensions
-
-
-
104
health
-
-
-
109
total
-
-
-
1 133
Employee
758
758
2 235
-
health
116
99
109
-
pensions
136
104
104
-
income

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

124
124
488
-
total
376
327
701
-
Employer
758
758
2 235
-
pensions
53
53
66
-
unemployment
27
27
34
-
health
53
53
65
-
total
133
133
165
-
Corporate
1 519
1 510
-
-
income
304
302
-
-
total
304
302
-
-
Dividends
1 215
1 208
-
-
withholding
182
181
-
-
income
258
257
-
-
total
440
438
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 253
1 200
866
1 133
After tax
1 147
1 200
1 534
1 267
Living cost
372
372
372
372
Free-cash
775
828
1 162
895

Estimated living cost  is £372 per week

£263
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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£937
£944
£809
£818
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
-
-
-
2 400
other
-
-
-
93
unemployment
-
-
-
1
pensions
-
-
-
87
municipal
-
-
-
646
accident
-
-
-
2
national
-
-
-
337
health
-
-
-
50
total
-
-
-
1 216
Employee
521
-
2 148
-
national
-
-
332
-
municipal
155
-
641
-
total
155
-
973
-
Employer
521
-
2 148
-
other
61
-
93
-
accident
1
-
2
-
pensions
56
-
87
-
unemployment
14
-
21
-
health
32
-
49
-
total
164
-
252
-
Corporate
1 715
2 400
-
-
income
377
528
-
-
total
377
528
-
-
Dividends
1 338
1 872
-
-
withholding
401
562
-
-
total
401
562
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 097
1 090
1 225
1 216
After tax
1 303
1 310
1 175
1 184
Living cost
366
366
366
366
Free-cash
937
944
809
818

Estimated living cost  is £366 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£971
£847
£1109
£782
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.

-
-
-
2 400
trade
-
-
-
327
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.

-
-
-
835
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
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.

-
-
-
46
total
-
-
-
1 269
Employee

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

450
-
2 400
-
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
-
46
-
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
-
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.

39
-
835
-
total
102
-
942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 950
2 400
-
-
trade
321
395
-
-
income
293
360
-
-
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
20
-
-
chamber of commerce
4
5
-
-
total
634
780
-
-
Dividends
1 317
1 621
-
-
withholding
326
402
-
-
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
344
424
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 080
1 204
942
1 269
After tax
1 320
1 196
1 458
1 131
Living cost
349
349
349
349
Free-cash
971
847
1 109
782

Estimated living cost  is £349 per week

£233
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1423
£1459
£1292
£1310
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
-
-
-
2 400
social contributions
-
-
-
144
income
-
-
-
597
health
-
-
-
61
total
-
-
-
802
Employee
682
682
2 281
-
health
7
12
39
-
social contributions
33
57
76
-
income
72
63
587
-
total
112
132
702
-
Employer
682
682
2 281
-
social contributions
33
57
76
-
health
7
13
42
-
total
40
70
118
-
Corporate
1 960
1 649
-
-
income
245
206
-
-
total
245
206
-
-
Dividends
1 715
1 442
-
-
withholding
292
245
-
-
total
292
245
-
-
Income
2 400
2 400
2 400
2 400
Total tax
689
653
820
802
After tax
1 711
1 747
1 580
1 598
Living cost
288
288
288
288
Free-cash
1 423
1 459
1 292
1 310

Estimated living cost  is £288 per week

£197
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.
£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

Source of data for Limassol model

Close
Budapest , Hungary
£1184
£1183
£1226
£1499
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
-
-
-
2 400
unemployment
-
-
-
36
income
-
-
-
293
pensions
-
-
-
240
health
-
-
-
168
total
-
-
-
737
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.

237
94
2 008
-
unemployment
4
1
30
-
health
17
7
141
-
pensions
24
9
201
-
income
29
12
246
-
total
74
29
618
-
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.

237
94
2 008
-
pensions
46
18
392
-
total
46
18
392
-
Corporate
2 117
2 287
-
-
income
191
206
-
-
total
191
206
-
-
Dividends
1 926
2 081
-
-
withholding
366
395
-
-
social contributions
375
405
-
-
total
741
800
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 052
1 053
1 010
737
After tax
1 348
1 347
1 390
1 663
Living cost
164
164
164
164
Free-cash
1 184
1 183
1 226
1 499

Estimated living cost  is £164 per week

£112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1651
£1706
£1169
£1072
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
-
-
-
2 400
income
-
-
-
322
pensions
-
-
-
480
health
-
-
-
312
total
-
-
-
1 114
Employee
252
-
1 794
-
unemployment
4
-
29
-
pensions
5
-
36
-
income
28
-
346
-
total
37
-
411
-
Employer
252
-
1 794
-
pensions
50
-
359
-
unemployment
2
-
14
-
health
33
-
233
-
total
85
-
606
-
Corporate
2 063
2 400
-
-
income
413
480
-
-
total
413
480
-
-
Dividends
1 651
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
535
480
1 017
1 114
After tax
1 865
1 920
1 383
1 286
Living cost
214
214
214
214
Free-cash
1 651
1 706
1 169
1 072

Estimated living cost  is £214 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£164
-£6
£1132
£1438
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
-
-
-
2 400
other
-
-
-
3
income
-
-
-
699
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
762
Employee
314
-
2 209
-
health
36
-
253
-
pensions
35
-
69
-
income
43
-
555
-
total
114
-
877
-
Employer
314
-
2 209
-
accident
5
-
37
-
pensions
51
-
100
-
unemployment
8
-
54
-
total
64
-
191
-
Corporate
2 022
2 400
-
-
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.

1 820
2 160
-
-
total
1 820
2 160
-
-
Dividends
202
240
-
-
withholding
38
46
-
-
total
38
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 036
2 206
1 068
762
After tax
364
194
1 332
1 638
Living cost
200
200
200
200
Free-cash
164
-6
1 132
1 438

Estimated living cost  is £200 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2194
£2207
£1847
£2303
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%.

-
-
-
2 400
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
91
-
2 400
-
income
18
-
480
-
total
18
-
480
-
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%.

2 309
2 400
-
-
total
-
-
-
-
Dividends
2 309
2 400
-
-
withholding
115
120
-
-
total
115
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
133
120
480
24
After tax
2 267
2 280
1 920
2 376
Living cost
73
73
73
73
Free-cash
2 194
2 207
1 847
2 303

Estimated living cost  is £73 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
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
£1467
£1527
£1250
£1266
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
-
-
-
2 400
other
-
-
-
64
income
-
-
-
451
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.

-
-
-
324
health
-
-
-
59
total
-
-
-
898
Employee
322
-
2 054
-
unemployment
3
-
13
-
health
5
-
19
-
pensions

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

23
-
94
-
income
55
-
444
-
total
86
-
570
-
Employer
322
-
2 054
-
other
16
-
67
-
accident
3
-
16
-
pensions

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

55
-
229
-
unemployment
3
-
13
-
health
5
-
19
-
total
82
-
344
-
Corporate
1 997
2 400
-
-
income
419
504
-
-
total
419
504
-
-
Dividends
1 577
1 896
-
-
withholding
110
133
-
-
total
110
133
-
-
Income
2 400
2 400
2 400
2 400
Total tax
697
637
914
898
After tax
1 703
1 763
1 486
1 502
Living cost
236
236
236
236
Free-cash
1 467
1 527
1 250
1 266

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Bratislava model

Close
London , United Kingdom
£962
£894
£729
£943
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
-
-
-
2 400
income
-
-
-
777
pensions
-
-
-
96
total
-
-
-
873
Employee
826
-
2 089
-
health
14
-
27
-
pensions
80
-
112
-
income
149
-
636
-
total
243
-
775
-
Employer
826
-
2 089
-
pensions
98
-
272
-
health
16
-
40
-
total
114
-
312
-
Corporate
1 460
2 400
-
-
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.

278
456
-
-
total
278
456
-
-
Dividends
1 183
1 944
-
-
withholding
219
466
-
-
total
219
466
-
-
Income
2 400
2 400
2 400
2 400
Total tax
854
922
1 087
873
After tax
1 546
1 478
1 313
1 527
Living cost
584
584
584
584
Free-cash
962
894
729
943

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
£1893
£1936
£1946
£1841
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
-
-
-
2 400
unemployment
-
-
-
1
income
-
-
-
360
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
443
Employee
154
-
2 339
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

14
-
27
-
income
15
-
234
-
total
38
-
278
-
Employer
154
-
2 339
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
2 216
2 400
-
-
income
222
240
-
-
total
222
240
-
-
Dividends
1 994
2 160
-
-
withholding
100
108
-
-
total
100
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
391
348
338
443
After tax
2 009
2 052
2 062
1 957
Living cost
116
116
116
116
Free-cash
1 893
1 936
1 946
1 841

Estimated living cost  is £116 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

Source of data for Varna model

Close
Amsterdam , Netherlands
£730
£708
£1042
£775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
920
pensions
-
-
-
104
health
-
-
-
109
total
-
-
-
1 133
Employee
823
758
2 235
-
health
103
99
109
-
pensions
104
104
104
-
income

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

124
124
488
-
total
331
327
701
-
Employer
823
758
2 235
-
pensions
57
53
66
-
unemployment
30
27
34
-
health
57
53
65
-
total
144
133
165
-
Corporate
1 433
1 510
-
-
income
287
302
-
-
total
287
302
-
-
Dividends
1 147
1 208
-
-
withholding
172
181
-
-
income
244
257
-
-
total
416
438
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 178
1 200
866
1 133
After tax
1 222
1 200
1 534
1 267
Living cost
492
492
492
492
Free-cash
730
708
1 042
775

Estimated living cost  is £492 per week

£363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1354
£1432
£1118
£1228
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
-
-
-
2 400
social contributions
-
-
-
317
income
-
-
-
264
health
-
-
-
324
solidarity contribution
-
-
-
47
total
-
-
-
952
Employee
324
-
1 953
-
solidarity contribution
-
-
37
-
health
44
-
264
-
social contributions
21
-
71
-
income
39
-
243
-
total
104
-
615
-
Employer
324
-
1 953
-
social contributions
81
-
271
-
health
29
-
176
-
total
110
-
447
-
Corporate
1 966
2 400
-
-
income
373
456
-
-
total
373
456
-
-
Dividends
1 592
1 944
-
-
withholding
239
292
-
-
total
239
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
826
748
1 062
952
After tax
1 574
1 652
1 338
1 448
Living cost
220
220
220
220
Free-cash
1 354
1 432
1 118
1 228

Estimated living cost  is £220 per week

£153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£860
£906
£732
£808
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
-
-
-
2 400
regional
-
-
-
32
social contributions
-
-
-
444
municipal
-
-
-
16
national
-
-
-
726
total
-
-
-
1 218
Employee
788
-
2 400
-
national
137
-
667
-
regional
7
-
30
-
municipal
4
-
15
-
social contributions
266
-
582
-
total
414
-
1 294
-
Employer
788
-
2 400
-
total
-
-
-
-
Corporate
1 612
2 400
-
-
nationa
387
576
-
-
municipal
63
94
-
-
total
450
670
-
-
Dividends
1 162
1 730
-
-
withholding
302
450
-
-
total
302
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 166
1 120
1 294
1 218
After tax
1 234
1 280
1 106
1 182
Living cost
374
374
374
374
Free-cash
860
906
732
808

Estimated living cost  is £374 per week

£261
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.
£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

Source of data for Milan model

Close
Thessaloniki , Greece
£1287
£1314
£874
£929
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
-
-
-
2 400
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
810
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
142
total
-
-
-
1 275
Employee
293
-
2 151
-
surtax
1
-
132
-
unemployment
20
-
82
-
other
-
-
-
-
health
7
-
30
-
pensions
20
-
79
-
income
49
-
757
-
total
97
-
1 080
-
Employer
293
-
2 151
-
other
-
-
-
-
pensions
39
-
158
-
unemployment
9
-
38
-
health
13
-
54
-
total
61
-
250
-
Corporate
2 045
2 400
-
-
income
532
624
-
-
total
532
624
-
-
Dividends
1 513
1 776
-
-
withholding
227
266
-
-
total
227
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
917
890
1 330
1 275
After tax
1 483
1 510
1 070
1 125
Living cost
196
196
196
196
Free-cash
1 287
1 314
874
929

Estimated living cost  is £196 per week

£120
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.
£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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1136
£1079
£914
£1128
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
-
-
-
2 400
income
-
-
-
777
pensions
-
-
-
96
total
-
-
-
873
Employee
554
-
2 089
-
health
8
-
27
-
pensions
47
-
112
-
income
100
-
636
-
total
155
-
775
-
Employer
554
-
2 089
-
pensions
60
-
272
-
health
11
-
40
-
total
71
-
312
-
Corporate
1 776
2 400
-
-
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.

337
456
-
-
total
337
456
-
-
Dividends
1 438
1 944
-
-
withholding
302
466
-
-
total
302
466
-
-
Income
2 400
2 400
2 400
2 400
Total tax
865
922
1 087
873
After tax
1 535
1 478
1 313
1 527
Living cost
399
399
399
399
Free-cash
1 136
1 079
914
1 128

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
£695
£393
£1103
£1173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
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.

-
-
-
48
city
-
-
-
25
regional
-
-
-
145
pensions
-
-
-
221
national
-
-
-
79
health
-
-
-
5
total
-
-
-
523
Employee
824
-
2 168
-
national
4
-
66
-
unemployment
-
-
-
-
city
9
-
24
-
regional
27
-
130
-
health
2
-
5
-
pensions
69
-
160
-
total
111
-
385
-
Employer
824
-
2 168
-
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
-
43
-
pensions
69
-
160
-
unemployment
-
-
-
-
health
2
-
5
-
total
87
-
208
-
Corporate
1 480
2 400
-
-
regional
313
508
-
-
national
126
204
-
-
total
439
712
-
-
Dividends
1 041
1 688
-
-
withholding
364
591
-
-
total
364
591
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 001
1 303
593
523
After tax
1 399
1 097
1 807
1 877
Living cost
704
704
704
704
Free-cash
695
393
1 103
1 173

Estimated living cost  is £704 per week

£458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£174
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
£923
£777
£1052
£711
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.

-
-
-
2 400
trade
-
-
-
341
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.

-
-
-
835
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
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.

-
-
-
46
total
-
-
-
1 283
Employee

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

533
-
2 400
-
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
-
46
-
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
-
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.

63
-
835
-
total
127
-
942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 867
2 400
-
-
trade
320
412
-
-
income
280
360
-
-
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
20
-
-
chamber of commerce
4
5
-
-
total
619
797
-
-
Dividends
1 247
1 604
-
-
withholding
308
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.

17
22
-
-
total
325
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 071
1 217
942
1 283
After tax
1 329
1 183
1 458
1 117
Living cost
406
406
406
406
Free-cash
923
777
1 052
711

Estimated living cost  is £406 per week

£297
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.
£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 Munich model

Close
Nice , France
£959
£906
£878
£975
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
-
-
-
2 400
other
-
-
-
74
social contributions
-
-
-
68
income
-
-
-
503
pensions
-
-
-
348
health
-
-
-
128
surtax
-
-
-
-
total
-
-
-
1 121
Employee
380
-
1 813
-
surtax
-
-
-
-
pensions
43
-
145
-
social contributions
11
-
52
-
income
22
-
434
-
total
76
-
631
-
Employer
380
-
1 813
-
other
13
-
79
-
pensions
62
-
240
-
unemployment
15
-
73
-
social contributions
1
-
5
-
health
27
-
190
-
total
118
-
587
-
Corporate
1 902
2 400
-
-
income
532
672
-
-
surtax
-
-
-
-
total
532
672
-
-
Dividends
1 369
1 728
-
-
withholding
175
221
-
-
social contributions
236
297
-
-
surtax
-
-
-
-
total
411
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 137
1 190
1 218
1 121
After tax
1 263
1 210
1 182
1 279
Living cost
304
304
304
304
Free-cash
959
906
878
975

Estimated living cost  is £304 per week

£191
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£986
£937
£909
£1006
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
-
-
-
2 400
other
-
-
-
74
social contributions
-
-
-
68
income
-
-
-
503
pensions
-
-
-
348
health
-
-
-
128
surtax
-
-
-
-
total
-
-
-
1 121
Employee
339
-
1 813
-
surtax
-
-
-
-
pensions
38
-
145
-
social contributions
10
-
52
-
income
17
-
434
-
total
65
-
631
-
Employer
339
-
1 813
-
other
12
-
79
-
pensions
56
-
240
-
unemployment
14
-
73
-
social contributions
1
-
5
-
health
24
-
190
-
total
107
-
587
-
Corporate
1 955
2 400
-
-
income
547
672
-
-
surtax
-
-
-
-
total
547
672
-
-
Dividends
1 408
1 728
-
-
withholding
180
221
-
-
social contributions
242
297
-
-
surtax
-
-
-
-
total
422
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 141
1 190
1 218
1 121
After tax
1 259
1 210
1 182
1 279
Living cost
273
273
273
273
Free-cash
986
937
909
1 006

Estimated living cost  is £273 per week

£159
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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1281
£1276
£693
£1353
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
-
-
-
2 400
social contributions
-
-
-
331
income
-
-
-
360
health
-
-
-
168
total
-
-
-
859
Employee
301
-
2 400
-
health
21
-
168
-
social contributions
42
-
331
-
income
50
-
1 020
-
total
113
-
1 519
-
Employer
301
-
2 400
-
total
-
-
-
-
Corporate
2 099
2 400
-
-
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%.

105
120
-
-
total
105
120
-
-
Dividends
1 994
2 280
-
-
health
139
159
-
-
withholding
299
342
-
-
social contributions
275
315
-
-
total
713
816
-
-
Income
2 400
2 400
2 400
2 400
Total tax
931
936
1 519
859
After tax
1 469
1 464
881
1 541
Living cost
188
188
188
188
Free-cash
1 281
1 276
693
1 353

Estimated living cost  is £188 per week

£126
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£994
£1005
£307
£910
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
-
-
-
2 400
chamber of commerce
-
-
-
10
unemployment
-
-
-
54
income
-
-
-
840
pensions
-
-
-
192
health
-
-
-
79
surtax
-
-
-
2
total
-
-
-
1 177
Employee
443
354
2 028
-
unemployment
13
11
31
-
other
4
4
10
-
health
17
14
40
-
pensions
45
36
106
-
income
50
26
723
-
total
129
91
910
-
Employer
443
354
2 028
-
payroll
13
11
61
-
other
21
17
88
-
accident
6
5
13
-
pensions
56
44
130
-
unemployment
13
11
31
-
chamber of commerce
2
1
8
-
surtax
2
2
2
-
health
17
13
39
-
total
130
104
372
-
Corporate
1 827
1 943
1 994
-
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.

457
486
498
-
total
457
486
498
-
Dividends
1 370
1 457
-
-
withholding
377
401
-
-
total
377
401
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 093
1 082
1 780
1 177
After tax
1 307
1 318
620
1 223
Living cost
313
313
313
313
Free-cash
994
1 005
307
910

Estimated living cost  is £313 per week

£208
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£885
£972
£476
£723
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
-
-
-
2 400
social contributions
-
-
-
221
national
-
-
-
1 002
communal

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

-
-
-
131
total
-
-
-
1 354
Employee

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

635
-
1 859
-
national
195
-
721
-
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
-
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
-
87
-
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
-
139
-
communal

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

33
-
97
-
total
312
-
1 060
-
Employer

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

635
-
1 859
-
accident

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

8
-
24
-
pensions

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

56
-
165
-
unemployment

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

9
-
27
-
surtax
72
-
211
-
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
-
114
-
total
184
-
541
-
Corporate
1 581
2 400
-
-
income
316
544
-
-
surtax
6
11
-
-
total
322
555
-
-
Dividends
1 258
1 845
-
-
withholding

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

374
550
-
-
total
374
550
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 192
1 105
1 601
1 354
After tax
1 208
1 295
799
1 046
Living cost
323
323
323
323
Free-cash
885
972
476
723

Estimated living cost  is £323 per week

£208
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

Source of data for Brussels model

Close
Barcelona , Spain
£1209
£1270
£980
£1017
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
-
-
-
2 400
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
816
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
1 063
Employee
442
-
2 138
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
21
-
39
-
income
93
-
785
-
total
121
-
838
-
Employer
442
-
2 138
-
other
4
-
7
-
accident
9
-
16
-
pensions
104
-
194
-
unemployment
24
-
45
-
total
141
-
262
-
Corporate
1 818
2 400
-
-
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.

273
360
-
-
total
273
360
-
-
Dividends
1 545
2 040
-
-
withholding
336
450
-
-
total
336
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
871
810
1 100
1 063
After tax
1 529
1 590
1 300
1 337
Living cost
320
320
320
320
Free-cash
1 209
1 270
980
1 017

Estimated living cost  is £320 per week

£236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£720
£842
£709
£648
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
-
-
-
2 400
income
-
-
-
516
pensions
-
-
-
313
accident
-
-
-
18
communal
-
-
-
152
health
-
-
-
147
surtax
-
-
-
124
total
-
-
-
1 270
Employee
672
-
2 148
-
surtax
41
-
132
-
health
30
-
94
-
pensions
54
-
169
-
income
65
-
562
-
total
190
-
957
-
Employer
672
-
2 148
-
accident
6
-
19
-
pensions
54
-
169
-
health
20
-
64
-
total
80
-
252
-
Corporate
1 648
2 400
-
-
income
247
360
-
-
communal
111
162
-
-
surtax
17
25
-
-
total
375
547
-
-
Dividends
1 272
1 853
-
-
withholding
191
278
-
-
income
362
251
-
-
total
553
529
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 198
1 076
1 209
1 270
After tax
1 202
1 324
1 191
1 130
Living cost
482
482
482
482
Free-cash
720
842
709
648

Estimated living cost  is £482 per week

£362
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.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1282
£1311
£871
£926
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
-
-
-
2 400
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
810
pensions
-
-
-
237
health
-
-
-
84
surtax
-
-
-
142
total
-
-
-
1 275
Employee
299
-
2 151
-
surtax
1
-
132
-
unemployment
21
-
82
-
other
-
-
-
-
health
8
-
30
-
pensions
20
-
79
-
income
50
-
757
-
total
100
-
1 080
-
Employer
299
-
2 151
-
other
-
-
-
-
pensions
40
-
158
-
unemployment
9
-
38
-
health
14
-
54
-
total
63
-
250
-
Corporate
2 038
2 400
-
-
income
530
624
-
-
total
530
624
-
-
Dividends
1 508
1 776
-
-
withholding
226
266
-
-
total
226
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
919
890
1 330
1 275
After tax
1 481
1 510
1 070
1 125
Living cost
199
199
199
199
Free-cash
1 282
1 311
871
926

Estimated living cost  is £199 per week

£120
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

Source of data for Athens model

Close
Naples , Italy
£1002
£1023
£860
£935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
regional
-
-
-
40
social contributions
-
-
-
444
municipal
-
-
-
16
national
-
-
-
726
total
-
-
-
1 226
Employee
492
-
2 400
-
national
78
-
667
-
regional
7
-
37
-
municipal
3
-
15
-
social contributions
166
-
582
-
total
254
-
1 301
-
Employer
492
-
2 400
-
total
-
-
-
-
Corporate
1 908
2 400
-
-
nationa
458
576
-
-
municipal
95
119
-
-
total
553
695
-
-
Dividends
1 355
1 705
-
-
withholding
352
443
-
-
total
352
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 159
1 138
1 301
1 226
After tax
1 241
1 262
1 099
1 174
Living cost
239
239
239
239
Free-cash
1 002
1 023
860
935

Estimated living cost  is £239 per week

£149
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.
£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 Naples model

Close
Prague , Czech Republic
£1283
£1380
£1066
£1176
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
-
-
-
2 400
social contributions
-
-
-
317
income
-
-
-
264
health
-
-
-
324
solidarity contribution
-
-
-
47
total
-
-
-
952
Employee
399
-
1 953
-
solidarity contribution
-
-
37
-
health
54
-
264
-
social contributions
26
-
71
-
income
48
-
243
-
total
128
-
615
-
Employer
399
-
1 953
-
social contributions
100
-
271
-
health
36
-
176
-
total
136
-
447
-
Corporate
1 865
2 400
-
-
income
354
456
-
-
total
354
456
-
-
Dividends
1 511
1 944
-
-
withholding
227
292
-
-
total
227
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
845
748
1 062
952
After tax
1 555
1 652
1 338
1 448
Living cost
272
272
272
272
Free-cash
1 283
1 380
1 066
1 176

Estimated living cost  is £272 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£1031
£1037
£337
£942
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
-
-
-
2 400
chamber of commerce
-
-
-
10
unemployment
-
-
-
54
income
-
-
-
840
pensions
-
-
-
192
health
-
-
-
79
surtax
-
-
-
-
total
-
-
-
1 175
Employee
388
354
2 029
-
unemployment
12
11
31
-
other
4
4
10
-
health
15
14
40
-
pensions
40
36
106
-
income
35
26
724
-
total
106
91
911
-
Employer
388
354
2 029
-
payroll
12
11
61
-
other
18
17
88
-
accident
5
5
13
-
pensions
49
44
130
-
unemployment
12
11
31
-
chamber of commerce
2
1
8
-
surtax
-
-
-
-
health
15
13
39
-
total
113
102
370
-
Corporate
1 901
1 945
1 996
-
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.

475
486
499
-
total
475
486
499
-
Dividends
1 425
1 459
-
-
withholding
392
401
-
-
total
392
401
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 086
1 080
1 780
1 175
After tax
1 314
1 320
620
1 225
Living cost
283
283
283
283
Free-cash
1 031
1 037
337
942

Estimated living cost  is £283 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2146
£2167
£1807
£2263
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%.

-
-
-
2 400
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
142
-
2 400
-
income
28
-
480
-
total
28
-
480
-
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%.

2 258
2 400
-
-
total
-
-
-
-
Dividends
2 258
2 400
-
-
withholding
113
120
-
-
total
113
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
141
120
480
24
After tax
2 259
2 280
1 920
2 376
Living cost
113
113
113
113
Free-cash
2 146
2 167
1 807
2 263

Estimated living cost  is £113 per week

£77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1339
£1414
£782
£834
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.

-
-
-
2 400
unemployment
-
-
-
4
income
-
-
-
650
pensions
-
-
-
438
health
-
-
-
236
total
-
-
-
1 328
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.

392
-
2 077
-
unemployment
1
-
3
-
health
25
-
134
-
pensions
61
-
322
-
income
68
-
598
-
total
155
-
1 057
-
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.

392
-
2 077
-
pensions
35
-
184
-
unemployment
-
-
1
-
health
26
-
138
-
total
61
-
323
-
Corporate
1 947
2 400
-
-
income
370
456
-
-
total
370
456
-
-
Dividends
1 577
1 944
-
-
withholding
237
292
-
-
total
237
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
823
748
1 380
1 328
After tax
1 577
1 652
1 020
1 072
Living cost
238
238
238
238
Free-cash
1 339
1 414
782
834

Estimated living cost  is £238 per week

£163
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

Source of data for Ljubljana model

Close
Oslo , Norway
£668
£1083
£1908
£1281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
social contributions
-
-
-
274
income
-
-
-
468
total
-
-
-
742
Employee
541
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
541
-
-
-
social contributions
763
-
109
-
total
763
-
109
-
Corporate
1 096
2 400
-
-
income
241
528
-
-
total
241
528
-
-
Dividends
855
1 872
-
-
income
188
412
-
-
total
188
412
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 355
940
115
742
After tax
1 045
1 460
2 285
1 658
Living cost
377
377
377
377
Free-cash
668
1 083
1 908
1 281

Estimated living cost  is £377 per week

£245
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.
£92
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
£1078
£1087
£752
£954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 400
social contributions

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

-
-
-
834
income
-
-
-
334
surtax
-
-
-
-
total
-
-
-
1 168
Employee
408
-
1 939
-
surtax
-
-
9
-
social contributions
45
-
213
-
income
85
-
687
-
total
130
-
909
-
Employer
408
-
1 939
-
social contributions
97
-
461
-
total
97
-
461
-
Corporate
1 895
2 400
-
-
income
398
504
-
-
surtax
-
-
-
-
total
398
504
-
-
Dividends
1 497
1 896
-
-
withholding
419
531
-
-
total
419
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 044
1 035
1 370
1 168
After tax
1 356
1 365
1 030
1 232
Living cost
278
278
278
278
Free-cash
1 078
1 087
752
954

Estimated living cost  is £278 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£842
£781
£753
£850
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
-
-
-
2 400
other
-
-
-
74
social contributions
-
-
-
68
income
-
-
-
503
pensions
-
-
-
348
health
-
-
-
128
surtax
-
-
-
-
total
-
-
-
1 121
Employee
556
-
1 813
-
surtax
-
-
-
-
pensions
63
-
145
-
social contributions
16
-
52
-
income
48
-
434
-
total
127
-
631
-
Employer
556
-
1 813
-
other
19
-
79
-
pensions
91
-
240
-
unemployment
23
-
73
-
social contributions
2
-
5
-
health
39
-
190
-
total
174
-
587
-
Corporate
1 671
2 400
-
-
income
468
672
-
-
surtax
-
-
-
-
total
468
672
-
-
Dividends
1 203
1 728
-
-
withholding
154
221
-
-
social contributions
207
297
-
-
surtax
-
-
-
-
total
361
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 130
1 190
1 218
1 121
After tax
1 270
1 210
1 182
1 279
Living cost
428
428
428
428
Free-cash
842
781
753
850

Estimated living cost  is £428 per week

£290
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

Source of data for Paris model

Close
Andorra , Andorra
£1863
£1893
£1536
£1472
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
-
-
-
2 400
income
-
-
-
133
social contributions
-
-
-
528
total
-
-
-
661
Employee
285
-
2 078
-
social contributions
19
-
135
-
income
-
-
140
-
total
19
-
275
-
Employer
285
-
2 078
-
social contributions
44
-
322
-
total
44
-
322
-
Corporate
2 071
2 400
-
-
income
207
240
-
-
total
207
240
-
-
Dividends
1 864
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
270
240
597
661
After tax
2 130
2 160
1 803
1 739
Living cost
267
267
267
267
Free-cash
1 863
1 893
1 536
1 472

Estimated living cost  is £267 per week

£172
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.
£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

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
£230
£469
£469
£940
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
-
-
-
2 400
pensions
-
-
-
8
municipal
-
-
-
525
labour market
-
-
-
191
national
-
-
-
309
total
-
-
-
1 033
Employee
1 801
1 801
1 801
-
national
220
220
220
-
municipal
384
384
384
-
labour market
144
144
144
-
pensions
3
3
3
-
total
751
751
751
-
Employer
1 801
1 801
1 801
-
municipal
384
384
384
-
pensions
5
5
5
-
national
220
220
220
-
labour market
144
144
144
-
total
753
753
753
-
Corporate
470
-
-
-
income
103
-
-
-
total
103
-
-
-
Dividends
366
-
-
-
withholding
136
-
-
-
total
136
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 743
1 504
1 504
1 033
After tax
657
896
896
1 367
Living cost
427
427
427
427
Free-cash
230
469
469
940

Estimated living cost  is £427 per week

£292
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.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£164
-£3
£1135
£1441
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
-
-
-
2 400
other
-
-
-
3
income
-
-
-
699
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
762
Employee
309
-
2 209
-
health
35
-
253
-
pensions
35
-
69
-
income
42
-
555
-
total
112
-
877
-
Employer
309
-
2 209
-
accident
5
-
37
-
pensions
50
-
100
-
unemployment
8
-
54
-
total
63
-
191
-
Corporate
2 028
2 400
-
-
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.

1 825
2 160
-
-
total
1 825
2 160
-
-
Dividends
203
240
-
-
withholding
39
46
-
-
total
39
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 039
2 206
1 068
762
After tax
361
194
1 332
1 638
Living cost
197
197
197
197
Free-cash
164
-3
1 135
1 441

Estimated living cost  is £197 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Krakow model

Close
Helsinki , Finland
£1140
£1095
£812
£1086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
municipal
-
-
-
426
national
-
-
-
514
health
-
-
-
33
total
-
-
-
973
Employee
467
-
2 019
-
national
8
-
345
-
unemployment
7
-
30
-
health
3
-
27
-
municipal
76
-
328
-
pensions
31
-
136
-
total
125
-
866
-
Employer
467
-
2 019
-
accident
-
-
2
-
pensions
81
-
350
-
unemployment
3
-
13
-
health
4
-
16
-
total
88
-
381
-
Corporate
1 845
2 400
-
-
income
369
480
-
-
total
369
480
-
-
Dividends

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

1 107
1 440
-
-
municipal
199
259
-
-
national
138
225
-
-
total
337
484
-
-
Income
2 400
2 400
2 400
2 400
Total tax
919
964
1 247
973
After tax
1 481
1 436
1 153
1 427
Living cost
341
341
341
341
Free-cash
1 140
1 095
812
1 086

Estimated living cost  is £341 per week

£222
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.

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1495
£1542
£1375
£1393
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
-
-
-
2 400
social contributions
-
-
-
144
income
-
-
-
597
health
-
-
-
61
total
-
-
-
802
Employee
682
682
2 281
-
health
5
12
39
-
social contributions
26
57
76
-
income
74
63
587
-
total
105
132
702
-
Employer
682
682
2 281
-
social contributions
26
57
76
-
health
6
13
42
-
total
32
70
118
-
Corporate
2 058
1 649
-
-
income
257
206
-
-
total
257
206
-
-
Dividends
1 800
1 442
-
-
withholding
306
245
-
-
total
306
245
-
-
Income
2 400
2 400
2 400
2 400
Total tax
700
653
820
802
After tax
1 700
1 747
1 580
1 598
Living cost
205
205
205
205
Free-cash
1 495
1 542
1 375
1 393

Estimated living cost  is £205 per week

£123
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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1801
£1846
£1742
£1920
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
-
-
-
2 400
unemployment
-
-
-
-
income
-
-
-
251
pensions
-
-
-
56
health
-
-
-
32
total
-
-
-
339
Employee

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

204
-
2 313
-
unemployment
1
-
4
-
health
17
-
72
-
pensions
31
-
126
-
income
14
-
229
-
total
63
-
431
-
Employer

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

204
-
2 313
-
pensions
11
-
46
-
unemployment
1
-
4
-
health
9
-
36
-
total
21
-
86
-
Corporate
2 175
2 400
-
-
income
196
216
-
-
total
196
216
-
-
Dividends
1 980
2 184
-
-
withholding
178
197
-
-
total
178
197
-
-
Income
2 400
2 400
2 400
2 400
Total tax
458
413
517
339
After tax
1 942
1 987
1 883
2 061
Living cost
141
141
141
141
Free-cash
1 801
1 846
1 742
1 920

Estimated living cost  is £141 per week

£90
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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1308
£1346
£1056
£1093
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
-
-
-
2 400
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
816
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
1 063
Employee
328
-
2 138
-
unemployment
5
-
13
-
other
-
-
1
-
pensions
15
-
39
-
income
63
-
785
-
total
83
-
838
-
Employer
328
-
2 138
-
other
3
-
7
-
accident
6
-
16
-
pensions
77
-
194
-
unemployment
18
-
45
-
total
104
-
262
-
Corporate
1 967
2 400
-
-
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.

295
360
-
-
total
295
360
-
-
Dividends
1 672
2 040
-
-
withholding
366
450
-
-
total
366
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
848
810
1 100
1 063
After tax
1 552
1 590
1 300
1 337
Living cost
244
244
244
244
Free-cash
1 308
1 346
1 056
1 093

Estimated living cost  is £244 per week

£165
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.
£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

Source of data for Valencia model

Close
Istanbul , Turkey
£1478
£1481
£1531
£1533
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
-
-
-
2 400
income
-
-
-
829
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
850
Employee
26
-
2 386
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
828
-
total
8
-
838
-
Employer
26
-
2 386
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
2 369
2 400
-
-
income
521
528
-
-
total
521
528
-
-
Dividends
1 848
1 872
-
-
withholding
370
374
-
-
total
370
374
-
-
Income
2 400
2 400
2 400
2 400
Total tax
905
902
852
850
After tax
1 495
1 498
1 548
1 550
Living cost
17
17
17
17
Free-cash
1 478
1 481
1 531
1 533

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1537
£1581
£1435
£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

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.

-
-
-
2 400
unemployment
-
-
-
10
income
-
-
-
563
pensions
-
-
-
170
health
-
-
-
67
total
-
-
-
810
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.

231
-
2 283
-
unemployment
2
-
5
-
health
12
-
34
-
pensions
32
-
92
-
income
32
-
563
-
total
78
-
694
-
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.

231
-
2 283
-
pensions
28
-
79
-
unemployment
2
-
5
-
health
12
-
34
-
total
42
-
118
-
Corporate
2 128
2 400
-
-
income
319
360
-
-
total
319
360
-
-
Dividends
1 809
2 040
-
-
withholding
271
306
-
-
total
271
306
-
-
Income
2 400
2 400
2 400
2 400
Total tax
710
666
812
810
After tax
1 690
1 734
1 588
1 590
Living cost
153
153
153
153
Free-cash
1 537
1 581
1 435
1 437

Estimated living cost  is £153 per week

£103
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

Source of data for Belgrade model

Close
Porto , Portugal
£1122
£1126
£791
£993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 400
social contributions

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

-
-
-
834
income
-
-
-
334
surtax
-
-
-
-
total
-
-
-
1 168
Employee
344
-
1 939
-
surtax
-
-
9
-
social contributions
38
-
213
-
income
67
-
687
-
total
105
-
909
-
Employer
344
-
1 939
-
social contributions
82
-
461
-
total
82
-
461
-
Corporate
1 974
2 400
-
-
income
415
504
-
-
surtax
-
-
-
-
total
415
504
-
-
Dividends
1 559
1 896
-
-
withholding
437
531
-
-
total
437
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 039
1 035
1 370
1 168
After tax
1 361
1 365
1 030
1 232
Living cost
239
239
239
239
Free-cash
1 122
1 126
791
993

Estimated living cost  is £239 per week

£169
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.
£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 Porto model

Close
Madrid , Spain
£1221
£1278
£988
£1025
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
-
-
-
2 400
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
816
pensions
-
-
-
233
accident
-
-
-
7
total
-
-
-
1 063
Employee
428
-
2 138
-
unemployment
7
-
13
-
other
-
-
1
-
pensions
20
-
39
-
income
89
-
785
-
total
116
-
838
-
Employer
428
-
2 138
-
other
3
-
7
-
accident
8
-
16
-
pensions
101
-
194
-
unemployment
24
-
45
-
total
136
-
262
-
Corporate
1 835
2 400
-
-
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.

275
360
-
-
total
275
360
-
-
Dividends
1 560
2 040
-
-
withholding
340
450
-
-
total
340
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
867
810
1 100
1 063
After tax
1 533
1 590
1 300
1 337
Living cost
312
312
312
312
Free-cash
1 221
1 278
988
1 025

Estimated living cost  is £312 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1846
£1899
£1909
£1804
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
-
-
-
2 400
unemployment
-
-
-
1
income
-
-
-
360
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
443
Employee
202
-
2 339
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
234
-
total
49
-
278
-
Employer
202
-
2 339
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
2 158
2 400
-
-
income
216
240
-
-
total
216
240
-
-
Dividends
1 942
2 160
-
-
withholding
97
108
-
-
total
97
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
401
348
338
443
After tax
1 999
2 052
2 062
1 957
Living cost
153
153
153
153
Free-cash
1 846
1 899
1 909
1 804

Estimated living cost  is £153 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£1007
£891
£1115
£830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 400
trade
-
-
-
285
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.

-
-
-
835
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
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.

-
-
-
46
total
-
-
-
1 227
Employee

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

441
-
2 400
-
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
-
46
-
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
-
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
-
835
-
total
99
-
942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 959
2 400
-
-
trade
281
344
-
-
income
294
360
-
-
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
20
-
-
chamber of commerce
4
5
-
-
total
595
729
-
-
Dividends
1 363
1 671
-
-
withholding
337
414
-
-
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
23
-
-
total
356
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 050
1 166
942
1 227
After tax
1 350
1 234
1 458
1 173
Living cost
343
343
343
343
Free-cash
1 007
891
1 115
830

Estimated living cost  is £343 per week

£236
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1194
£1175
£662
£662
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
-
-
-
2 400
social contributions
-
-
-
420
income
-
-
-
813
total
-
-
-
1 233
Employee
694
-
2 400
-
social contributions
58
-
420
-
income
131
-
813
-
total
189
-
1 233
-
Employer
694
-
2 400
-
total
-
-
-
-
Corporate
1 706
2 400
-
-
income
213
300
-
-
total
213
300
-
-
Dividends
1 493
2 100
-
-
withholding
299
420
-
-
total
299
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
701
720
1 233
1 233
After tax
1 699
1 680
1 167
1 167
Living cost
505
505
505
505
Free-cash
1 194
1 175
662
662

Estimated living cost  is £505 per week

£384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1222
£1191
£1333
£1664
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.

-
-
-
2 400
health

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

-
-
-
54
income
-
-
-
360
total
-
-
-
414
Employee
407
-
2 359
-
social contributions
41
-
41
-
income
44
-
663
-
total
85
-
704
-
Employer
407
-
2 359
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 952
2 400
-
-
income
683
840
-
-
total
683
840
-
-
Dividends
1 269
1 560
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 400
2 400
2 400
2 400
Total tax
856
887
745
414
After tax
1 544
1 513
1 655
1 986
Living cost
322
322
322
322
Free-cash
1 222
1 191
1 333
1 664

Estimated living cost  is £322 per week

£212
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.
£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 Sliema model

Close
Edinburgh , United Kingdom
£1206
£1154
£989
£1203
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
-
-
-
2 400
income
-
-
-
777
pensions
-
-
-
96
total
-
-
-
873
Employee
445
-
2 089
-
health
6
-
27
-
pensions
34
-
112
-
income
81
-
636
-
total
121
-
775
-
Employer
445
-
2 089
-
pensions
45
-
272
-
health
8
-
40
-
total
53
-
312
-
Corporate
1 901
2 400
-
-
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.

361
456
-
-
total
361
456
-
-
Dividends
1 540
1 944
-
-
withholding
335
466
-
-
total
335
466
-
-
Income
2 400
2 400
2 400
2 400
Total tax
870
922
1 087
873
After tax
1 530
1 478
1 313
1 527
Living cost
324
324
324
324
Free-cash
1 206
1 154
989
1 203

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
£161
-£22
£1116
£1422
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
-
-
-
2 400
other
-
-
-
3
income
-
-
-
699
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
762
Employee
340
-
2 209
-
health
39
-
253
-
pensions
38
-
69
-
income
47
-
555
-
total
124
-
877
-
Employer
340
-
2 209
-
accident
6
-
37
-
pensions
55
-
100
-
unemployment
8
-
54
-
total
69
-
191
-
Corporate
1 991
2 400
-
-
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.

1 792
2 160
-
-
total
1 792
2 160
-
-
Dividends
199
240
-
-
withholding
38
46
-
-
total
38
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 023
2 206
1 068
762
After tax
377
194
1 332
1 638
Living cost
216
216
216
216
Free-cash
161
-22
1 116
1 422

Estimated living cost  is £216 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£41
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
£1690
£1716
£1676
£1482
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.

-
-
-
2 400
unemployment
-
-
-
17
income
-
-
-
408
pensions
-
-
-
261
health insurance
-
-
-
105
work injury
-
-
-
7
total
-
-
-
798
Employee

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

192
-
2 400
-
health insurance
14
-
52
-
unemployment
2
-
9
-
work injury
1
-
4
-
pensions
35
-
131
-
income
19
-
408
-
total
71
-
604
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 208
2 400
-
-
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%.

221
240
-
-
total
221
240
-
-
Dividends
1 987
2 160
-
-
withholding
298
324
-
-
total
298
324
-
-
Income
2 400
2 400
2 400
2 400
Total tax
590
564
604
798
After tax
1 810
1 836
1 796
1 602
Living cost
120
120
120
120
Free-cash
1 690
1 716
1 676
1 482

Estimated living cost  is £120 per week

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

Source of data for Skopje model

Close
Rome , Italy
£871
£911
£724
£797
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
-
-
-
2 400
regional
-
-
-
62
social contributions
-
-
-
444
municipal
-
-
-
18
national
-
-
-
726
total
-
-
-
1 250
Employee
748
-
2 400
-
national
126
-
667
-
regional
11
-
58
-
municipal
4
-
16
-
social contributions
252
-
582
-
total
393
-
1 323
-
Employer
748
-
2 400
-
total
-
-
-
-
Corporate
1 652
2 400
-
-
nationa
397
576
-
-
municipal
80
116
-
-
total
477
692
-
-
Dividends
1 176
1 708
-
-
withholding
306
444
-
-
total
306
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 176
1 136
1 323
1 250
After tax
1 224
1 264
1 077
1 150
Living cost
353
353
353
353
Free-cash
871
911
724
797

Estimated living cost  is £353 per week

£248
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

Source of data for Rome model

Close
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Estimated living cost

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