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
£944
£1192
£1041
£878
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
health

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

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

-
-
-
60
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.

-
-
-
837
trade
-
-
-
314
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
-
-
-
1 257
Employee

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

335
-
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
-
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
-
837
-
health

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

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

60
-
60
-
total
70
-
943
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 065
2 400
-
-
trade
325
378
-
-
chamber of commerce
4
5
-
-
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
-
-
income
310
360
-
-
total
656
763
-
-
Dividends
1 409
1 637
-
-
withholding
349
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
368
428
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 094
1 191
943
1 257
After tax
1 306
1 209
1 457
1 143
Living cost
265
265
265
265
Free-cash
1 041
944
1 192
878

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1034
£891
£1025
£878
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
national
-
-
-
475
pensions
-
-
-
288
municipal
-
-
-
269
total
-
-
-
1 058
Employee
719
-
2 075
-
national
138
-
496
-
municipal
89
-
278
-
pensions
29
-
83
-
total
256
-
857
-
Employer
719
-
2 075
-
pensions
57
-
166
-
social contributions
8
-
22
-
total
65
-
188
-
Corporate
1 569
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%.

314
480
-
-
total
314
480
-
-
Dividends
1 255
1 920
-
-
withholding
276
422
-
-
total
276
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
911
902
1 045
1 058
After tax
1 489
1 498
1 355
1 342
Living cost
464
464
464
464
Free-cash
1 025
1 034
891
878

Estimated living cost  is £464 per week

£315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1738
£884
£1665
£720
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
microenterprise
-
-
-
-
social contributions

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

-
-
-
335
income
-
-
-
551
surtax
-
-
-
612
total
-
-
-
1 498
Employee
256
-
1 936
-
surtax
-
-
281
-
income
46
-
474
-
social contributions

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

28
-
115
-
total
74
-
870
-
Employer
256
-
1 936
-
surtax
-
-
213
-
social contributions

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

62
-
251
-
total
62
-
464
-
Corporate
2 083
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%.

417
480
-
-
total
417
480
-
-
Dividends

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

1 666
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
553
480
1 334
1 498
After tax
1 847
1 920
1 066
902
Living cost
182
182
182
182
Free-cash
1 665
1 738
884
720

Estimated living cost  is £182 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£833
£1166
£780
£898
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
health
-
-
-
108
income
-
-
-
924
pensions
-
-
-
103
total
-
-
-
1 135
Employee
748
748
2 237
-
income

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

122
122
493
-
pensions
135
103
103
-
health
115
98
108
-
total
372
323
704
-
Employer
748
748
2 237
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
65
-
total
131
131
163
-
Corporate
1 531
1 522
-
-
income
306
304
-
-
total
306
304
-
-
Dividends
1 225
1 217
-
-
withholding
184
183
-
-
income
260
259
-
-
total
444
442
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 253
1 200
867
1 135
After tax
1 147
1 200
1 533
1 265
Living cost
367
367
367
367
Free-cash
780
833
1 166
898

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£945
£809
£939
£817
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
health
-
-
-
50
national
-
-
-
338
pensions
-
-
-
87
unemployment
-
-
-
1
other
-
-
-
93
accident
-
-
-
2
municipal
-
-
-
647
total
-
-
-
1 218
Employee
521
-
2 148
-
national
-
-
333
-
municipal
155
-
641
-
total
155
-
974
-
Employer
521
-
2 148
-
unemployment
14
-
21
-
pensions
56
-
87
-
accident
1
-
2
-
other
60
-
93
-
health
32
-
49
-
total
163
-
252
-
Corporate
1 716
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
1 096
1 090
1 226
1 218
After tax
1 304
1 310
1 174
1 182
Living cost
365
365
365
365
Free-cash
939
945
809
817

Estimated living cost  is £365 per week

£242
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
£852
£1113
£976
£785
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
health

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

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

-
-
-
60
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.

-
-
-
837
trade
-
-
-
328
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
-
-
-
1 271
Employee

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

444
-
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
-
income

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

38
-
837
-
health

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

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

60
-
60
-
total
100
-
943
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 956
2 400
-
-
trade
322
395
-
-
chamber of commerce
4
5
-
-
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
-
-
income
293
360
-
-
total
635
780
-
-
Dividends
1 321
1 621
-
-
withholding
327
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
345
424
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 080
1 204
943
1 271
After tax
1 320
1 196
1 457
1 129
Living cost
344
344
344
344
Free-cash
976
852
1 113
785

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1465
£1295
£1427
£1313
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
health
-
-
-
61
social contributions
-
-
-
142
income
-
-
-
600
total
-
-
-
803
Employee
673
673
2 282
-
income
71
62
590
-
social contributions
33
56
75
-
health
7
11
39
-
total
111
129
704
-
Employer
673
673
2 282
-
social contributions
33
56
75
-
health
7
12
42
-
total
40
68
117
-
Corporate
1 966
1 659
-
-
income
246
207
-
-
total
246
207
-
-
Dividends
1 720
1 451
-
-
withholding
292
247
-
-
total
292
247
-
-
Income
2 400
2 400
2 400
2 400
Total tax
689
651
821
803
After tax
1 711
1 749
1 579
1 597
Living cost
284
284
284
284
Free-cash
1 427
1 465
1 295
1 313

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1189
£1231
£1192
£1504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
168
income
-
-
-
293
pensions
-
-
-
240
unemployment
-
-
-
36
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.

230
92
2 008
-
unemployment
3
1
30
-
income
28
11
246
-
pensions
23
9
201
-
health
16
6
141
-
total
70
27
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.

230
92
2 008
-
pensions
45
18
392
-
total
45
18
392
-
Corporate
2 125
2 291
-
-
income
191
206
-
-
total
191
206
-
-
Dividends
1 934
2 084
-
-
withholding
367
396
-
-
social contributions
376
405
-
-
total
743
801
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 049
1 052
1 010
737
After tax
1 351
1 348
1 390
1 663
Living cost
159
159
159
159
Free-cash
1 192
1 189
1 231
1 504

Estimated living cost  is £159 per week

£109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1709
£1172
£1654
£1075
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
health
-
-
-
312
income
-
-
-
322
pensions
-
-
-
480
total
-
-
-
1 114
Employee
248
-
1 794
-
unemployment
4
-
29
-
income
28
-
346
-
pensions
5
-
36
-
total
37
-
411
-
Employer
248
-
1 794
-
unemployment
2
-
14
-
pensions
50
-
359
-
health
32
-
233
-
total
84
-
606
-
Corporate
2 068
2 400
-
-
income
414
480
-
-
total
414
480
-
-
Dividends
1 654
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
211
211
211
211
Free-cash
1 654
1 709
1 172
1 075

Estimated living cost  is £211 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£0
£1140
£164
£1444
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
health
-
-
-
19
income
-
-
-
701
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
762
Employee
305
-
2 212
-
income
42
-
558
-
pensions
34
-
67
-
health
35
-
253
-
total
111
-
878
-
Employer
305
-
2 212
-
unemployment
7
-
54
-
pensions
50
-
97
-
accident
5
-
37
-
total
62
-
188
-
Corporate
2 033
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.

1 830
2 160
-
-
total
1 830
2 160
-
-
Dividends
203
240
-
-
withholding
39
46
-
-
total
39
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 042
2 206
1 066
762
After tax
358
194
1 334
1 638
Living cost
194
194
194
194
Free-cash
164
-
1 140
1 444

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2207
£1847
£2194
£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
£1530
£1255
£1472
£1273
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
health
-
-
-
59
income
-
-
-
453
pensions

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

-
-
-
319
other
-
-
-
63
total
-
-
-
894
Employee
318
-
2 059
-
unemployment
3
-
13
-
income
55
-
446
-
pensions

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

22
-
93
-
health
4
-
19
-
total
84
-
571
-
Employer
318
-
2 059
-
unemployment
3
-
13
-
pensions

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

54
-
226
-
accident
3
-
16
-
other
16
-
67
-
health
4
-
19
-
total
80
-
341
-
Corporate
2 002
2 400
-
-
income
420
504
-
-
total
420
504
-
-
Dividends
1 582
1 896
-
-
withholding
111
133
-
-
total
111
133
-
-
Income
2 400
2 400
2 400
2 400
Total tax
695
637
912
894
After tax
1 705
1 763
1 488
1 506
Living cost
233
233
233
233
Free-cash
1 472
1 530
1 255
1 273

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£894
£729
£962
£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
-
income
149
-
636
-
pensions
80
-
112
-
health
14
-
27
-
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
£1937
£1947
£1896
£1844
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
health
-
-
-
35
income
-
-
-
360
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
441
Employee
152
-
2 340
-
income
15
-
234
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
health
7
-
14
-
total
37
-
278
-
Employer
152
-
2 340
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
total
30
-
60
-
Corporate
2 219
2 400
-
-
income
222
240
-
-
total
222
240
-
-
Dividends
1 997
2 160
-
-
withholding
100
108
-
-
total
100
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
389
348
338
441
After tax
2 011
2 052
2 062
1 959
Living cost
115
115
115
115
Free-cash
1 896
1 937
1 947
1 844

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£715
£1048
£739
£780
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
health
-
-
-
108
income
-
-
-
924
pensions
-
-
-
103
total
-
-
-
1 135
Employee
812
748
2 237
-
income

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

122
122
493
-
pensions
103
103
103
-
health
101
98
108
-
total
326
323
704
-
Employer
812
748
2 237
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
65
-
total
141
131
163
-
Corporate
1 446
1 522
-
-
income
289
304
-
-
total
289
304
-
-
Dividends
1 157
1 217
-
-
withholding
174
183
-
-
income
246
259
-
-
total
420
442
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 176
1 200
867
1 135
After tax
1 224
1 200
1 533
1 265
Living cost
485
485
485
485
Free-cash
739
715
1 048
780

Estimated living cost  is £485 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1436
£1126
£1359
£1235
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
health
-
-
-
324
social contributions
-
-
-
311
income
-
-
-
265
solidarity contribution
-
-
-
49
total
-
-
-
949
Employee
318
-
1 958
-
income
38
-
244
-
solidarity contribution
-
-
39
-
social contributions
21
-
69
-
health
43
-
264
-
total
102
-
616
-
Employer
318
-
1 958
-
social contributions
79
-
266
-
health
29
-
176
-
total
108
-
442
-
Corporate
1 974
2 400
-
-
income
375
456
-
-
total
375
456
-
-
Dividends
1 599
1 944
-
-
withholding
240
292
-
-
total
240
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
825
748
1 058
949
After tax
1 575
1 652
1 342
1 451
Living cost
216
216
216
216
Free-cash
1 359
1 436
1 126
1 235

Estimated living cost  is £216 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

Close
Milan , Italy
£911
£740
£867
£815
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
-
-
-
438
national
-
-
-
730
regional
-
-
-
32
municipal
-
-
-
16
total
-
-
-
1 216
Employee
778
-
2 400
-
regional
7
-
30
-
national
135
-
672
-
municipal
4
-
15
-
social contributions
262
-
574
-
total
408
-
1 291
-
Employer
778
-
2 400
-
total
-
-
-
-
Corporate
1 622
2 400
-
-
nationa
389
576
-
-
municipal
63
94
-
-
total
452
670
-
-
Dividends
1 169
1 730
-
-
withholding
304
450
-
-
total
304
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 164
1 120
1 291
1 216
After tax
1 236
1 280
1 109
1 184
Living cost
369
369
369
369
Free-cash
867
911
740
815

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1317
£878
£1289
£931
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
health
-
-
-
83
income
-
-
-
814
pensions
-
-
-
234
unemployment
-
-
-
2
other
-
-
-
-
surtax
-
-
-
143
total
-
-
-
1 276
Employee
289
-
2 154
-
surtax
1
-
133
-
unemployment
20
-
81
-
income
49
-
761
-
pensions
19
-
78
-
health
7
-
30
-
other
-
-
-
-
total
96
-
1 083
-
Employer
289
-
2 154
-
unemployment
9
-
37
-
pensions
39
-
156
-
other
-
-
-
-
health
13
-
53
-
total
61
-
246
-
Corporate
2 050
2 400
-
-
income
533
624
-
-
total
533
624
-
-
Dividends
1 517
1 776
-
-
withholding
228
266
-
-
total
228
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
918
890
1 329
1 276
After tax
1 482
1 510
1 071
1 124
Living cost
193
193
193
193
Free-cash
1 289
1 317
878
931

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1079
£914
£1136
£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
-
income
100
-
636
-
pensions
47
-
112
-
health
8
-
27
-
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
£387
£1099
£691
£1169
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
health
-
-
-
5
national
-
-
-
78
pensions
-
-
-
221
regional
-
-
-
144
city
-
-
-
25
other

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

-
-
-
48
total
-
-
-
521
Employee
831
-
2 168
-
regional
27
-
129
-
national
4
-
65
-
unemployment
-
-
-
-
pensions
70
-
160
-
health
2
-
5
-
city
9
-
24
-
total
112
-
383
-
Employer
831
-
2 168
-
unemployment
-
-
-
-
pensions
70
-
160
-
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.

17
-
43
-
health
2
-
5
-
total
89
-
208
-
Corporate
1 472
2 400
-
-
national
125
204
-
-
regional
311
508
-
-
total
436
712
-
-
Dividends
1 036
1 688
-
-
withholding
362
591
-
-
total
362
591
-
-
Income
2 400
2 400
2 400
2 400
Total tax
999
1 303
591
521
After tax
1 401
1 097
1 809
1 879
Living cost
710
710
710
710
Free-cash
691
387
1 099
1 169

Estimated living cost  is £710 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£176
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
£782
£1056
£926
£714
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
health

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

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

-
-
-
60
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.

-
-
-
837
trade
-
-
-
342
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
-
-
-
1 285
Employee

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

526
-
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
-
income

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

62
-
837
-
health

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

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

60
-
60
-
total
125
-
943
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 874
2 400
-
-
trade
321
412
-
-
chamber of commerce
4
5
-
-
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
-
-
income
281
360
-
-
total
621
797
-
-
Dividends
1 252
1 604
-
-
withholding
310
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
327
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 073
1 217
943
1 285
After tax
1 327
1 183
1 457
1 115
Living cost
401
401
401
401
Free-cash
926
782
1 056
714

Estimated living cost  is £401 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£911
£879
£963
£978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
128
social contributions
-
-
-
68
income
-
-
-
507
pensions
-
-
-
346
other
-
-
-
74
surtax
-
-
-
-
total
-
-
-
1 123
Employee
375
-
1 812
-
surtax
-
-
-
-
income
22
-
437
-
social contributions
11
-
52
-
pensions
42
-
145
-
total
75
-
634
-
Employer
375
-
1 812
-
unemployment
15
-
73
-
pensions
62
-
241
-
social contributions
1
-
5
-
other
13
-
79
-
health
26
-
190
-
total
117
-
588
-
Corporate
1 908
2 400
-
-
surtax
-
-
-
-
income
534
672
-
-
total
534
672
-
-
Dividends
1 374
1 728
-
-
withholding
176
221
-
-
surtax
-
-
-
-
social contributions
236
297
-
-
total
412
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 138
1 190
1 222
1 123
After tax
1 262
1 210
1 178
1 277
Living cost
300
300
300
300
Free-cash
963
911
879
978

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£940
£908
£987
£1007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
128
social contributions
-
-
-
68
income
-
-
-
507
pensions
-
-
-
346
other
-
-
-
74
surtax
-
-
-
-
total
-
-
-
1 123
Employee
334
-
1 812
-
surtax
-
-
-
-
income
17
-
437
-
social contributions
10
-
52
-
pensions
38
-
145
-
total
65
-
634
-
Employer
334
-
1 812
-
unemployment
14
-
73
-
pensions
55
-
241
-
social contributions
1
-
5
-
other
12
-
79
-
health
23
-
190
-
total
105
-
588
-
Corporate
1 961
2 400
-
-
surtax
-
-
-
-
income
549
672
-
-
total
549
672
-
-
Dividends
1 412
1 728
-
-
withholding
181
221
-
-
surtax
-
-
-
-
social contributions
243
297
-
-
total
424
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 143
1 190
1 222
1 123
After tax
1 257
1 210
1 178
1 277
Living cost
270
270
270
270
Free-cash
987
940
908
1 007

Estimated living cost  is £270 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1278
£693
£1282
£1355
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
health
-
-
-
168
social contributions
-
-
-
331
income
-
-
-
360
total
-
-
-
859
Employee
297
-
2 400
-
income
50
-
1 022
-
social contributions
41
-
331
-
health
21
-
168
-
total
112
-
1 521
-
Employer
297
-
2 400
-
total
-
-
-
-
Corporate
2 103
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
1 998
2 280
-
-
withholding
300
342
-
-
social contributions
276
315
-
-
health
139
159
-
-
total
715
816
-
-
Income
2 400
2 400
2 400
2 400
Total tax
932
936
1 521
859
After tax
1 468
1 464
879
1 541
Living cost
186
186
186
186
Free-cash
1 282
1 278
693
1 355

Estimated living cost  is £186 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£1012
£309
£997
£914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
78
chamber of commerce
-
-
-
10
income
-
-
-
845
pensions
-
-
-
189
unemployment
-
-
-
54
surtax
-
-
-
2
total
-
-
-
1 178
Employee
437
349
2 030
-
unemployment
13
10
31
-
income
50
26
728
-
pensions
45
36
105
-
health
17
14
40
-
other
4
3
10
-
total
129
89
914
-
Employer
437
349
2 030
-
chamber of commerce
2
1
8
-
surtax
2
2
2
-
payroll
13
10
61
-
unemployment
13
10
31
-
pensions
55
44
128
-
accident
6
5
13
-
other
21
17
88
-
health
17
13
39
-
total
129
102
370
-
Corporate
1 835
1 949
1 997
-
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.

459
487
499
-
total
459
487
499
-
Dividends
1 376
1 462
-
-
withholding
378
402
-
-
total
378
402
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 095
1 080
1 783
1 178
After tax
1 305
1 320
617
1 222
Living cost
308
308
308
308
Free-cash
997
1 012
309
914

Estimated living cost  is £308 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£974
£479
£891
£727
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
communal

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

-
-
-
131
social contributions
-
-
-
218
national
-
-
-
1 005
total
-
-
-
1 354
Employee

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

626
-
1 859
-
national
193
-
722
-
unemployment

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

5
-
16
-
communal

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

33
-
97
-
pensions

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

47
-
139
-
health

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

29
-
87
-
total
307
-
1 061
-
Employer

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

626
-
1 859
-
surtax
71
-
211
-
unemployment

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

9
-
27
-
pensions

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

55
-
165
-
accident

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

8
-
24
-
health

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

39
-
114
-
total
182
-
541
-
Corporate
1 592
2 400
-
-
surtax
6
11
-
-
income
318
546
-
-
total
324
557
-
-
Dividends
1 267
1 843
-
-
withholding

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

377
550
-
-
total
377
550
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 190
1 107
1 602
1 354
After tax
1 210
1 293
798
1 046
Living cost
319
319
319
319
Free-cash
891
974
479
727

Estimated living cost  is £319 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1273
£985
£1214
£1021
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
-
-
-
819
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
1 063
Employee
436
-
2 141
-
unemployment
7
-
13
-
income
92
-
789
-
pensions
20
-
38
-
other
-
-
1
-
total
119
-
841
-
Employer
436
-
2 141
-
unemployment
24
-
45
-
pensions
103
-
191
-
accident
9
-
16
-
other
3
-
6
-
total
139
-
258
-
Corporate
1 825
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.

274
360
-
-
total
274
360
-
-
Dividends
1 552
2 040
-
-
withholding
338
451
-
-
total
338
451
-
-
Income
2 400
2 400
2 400
2 400
Total tax
870
811
1 099
1 063
After tax
1 530
1 589
1 301
1 337
Living cost
316
316
316
316
Free-cash
1 214
1 273
985
1 021

Estimated living cost  is £316 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£846
£715
£724
£655
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
health
-
-
-
145
communal
-
-
-
152
income
-
-
-
522
pensions
-
-
-
309
surtax
-
-
-
124
accident
-
-
-
17
total
-
-
-
1 269
Employee
663
-
2 151
-
surtax
41
-
132
-
income
64
-
567
-
pensions
53
-
167
-
health
30
-
93
-
total
188
-
959
-
Employer
663
-
2 151
-
pensions
53
-
167
-
accident
6
-
19
-
health
20
-
64
-
total
79
-
250
-
Corporate
1 658
2 400
-
-
surtax
17
25
-
-
income
249
360
-
-
communal
112
162
-
-
total
378
547
-
-
Dividends
1 280
1 853
-
-
withholding
192
278
-
-
income
363
253
-
-
total
555
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 200
1 078
1 209
1 269
After tax
1 200
1 322
1 191
1 131
Living cost
476
476
476
476
Free-cash
724
846
715
655

Estimated living cost  is £476 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1313
£874
£1285
£927
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
health
-
-
-
83
income
-
-
-
814
pensions
-
-
-
234
unemployment
-
-
-
2
other
-
-
-
-
surtax
-
-
-
143
total
-
-
-
1 276
Employee
295
-
2 154
-
surtax
1
-
133
-
unemployment
21
-
81
-
income
49
-
761
-
pensions
20
-
78
-
health
8
-
30
-
other
-
-
-
-
total
99
-
1 083
-
Employer
295
-
2 154
-
unemployment
9
-
37
-
pensions
39
-
156
-
other
-
-
-
-
health
13
-
53
-
total
61
-
246
-
Corporate
2 043
2 400
-
-
income
531
624
-
-
total
531
624
-
-
Dividends
1 512
1 776
-
-
withholding
227
266
-
-
total
227
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
918
890
1 329
1 276
After tax
1 482
1 510
1 071
1 124
Living cost
197
197
197
197
Free-cash
1 285
1 313
874
927

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£1026
£866
£1005
£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
social contributions
-
-
-
438
national
-
-
-
730
regional
-
-
-
40
municipal
-
-
-
16
total
-
-
-
1 224
Employee
486
-
2 400
-
regional
7
-
37
-
national
77
-
672
-
municipal
3
-
15
-
social contributions
164
-
574
-
total
251
-
1 298
-
Employer
486
-
2 400
-
total
-
-
-
-
Corporate
1 914
2 400
-
-
nationa
459
576
-
-
municipal
95
119
-
-
total
554
695
-
-
Dividends
1 360
1 705
-
-
withholding
354
443
-
-
total
354
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 159
1 138
1 298
1 224
After tax
1 241
1 262
1 102
1 176
Living cost
236
236
236
236
Free-cash
1 005
1 026
866
940

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1386
£1076
£1292
£1185
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
health
-
-
-
324
social contributions
-
-
-
311
income
-
-
-
265
solidarity contribution
-
-
-
49
total
-
-
-
949
Employee
391
-
1 958
-
income
47
-
244
-
solidarity contribution
-
-
39
-
social contributions
25
-
69
-
health
53
-
264
-
total
125
-
616
-
Employer
391
-
1 958
-
social contributions
98
-
266
-
health
35
-
176
-
total
133
-
442
-
Corporate
1 876
2 400
-
-
income
356
456
-
-
total
356
456
-
-
Dividends
1 519
1 944
-
-
withholding
228
292
-
-
total
228
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
842
748
1 058
949
After tax
1 558
1 652
1 342
1 451
Living cost
266
266
266
266
Free-cash
1 292
1 386
1 076
1 185

Estimated living cost  is £266 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£1042
£338
£1039
£945
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
health
-
-
-
78
chamber of commerce
-
-
-
10
income
-
-
-
845
pensions
-
-
-
189
unemployment
-
-
-
54
surtax
-
-
-
-
total
-
-
-
1 176
Employee
383
349
2 032
-
unemployment
11
10
31
-
income
34
26
729
-
pensions
39
36
105
-
health
15
14
40
-
other
4
3
10
-
total
103
89
915
-
Employer
383
349
2 032
-
chamber of commerce
2
1
8
-
surtax
-
-
-
-
payroll
11
10
61
-
unemployment
11
10
31
-
pensions
48
44
128
-
accident
5
5
13
-
other
18
17
88
-
health
14
13
39
-
total
109
100
368
-
Corporate
1 907
1 951
1 999
-
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.

477
488
500
-
total
477
488
500
-
Dividends
1 430
1 463
-
-
withholding
393
402
-
-
total
393
402
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 082
1 079
1 783
1 176
After tax
1 318
1 321
617
1 224
Living cost
279
279
279
279
Free-cash
1 039
1 042
338
945

Estimated living cost  is £279 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2167
£1807
£2146
£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
141
-
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%.

2 259
2 400
-
-
total
-
-
-
-
Dividends
2 259
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
£1417
£782
£1344
£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
health
-
-
-
236
income
-
-
-
653
pensions
-
-
-
438
unemployment
-
-
-
4
total
-
-
-
1 331
Employee

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

387
-
2 077
-
unemployment
1
-
3
-
income
67
-
601
-
pensions
60
-
322
-
health
25
-
134
-
total
153
-
1 060
-
Employer

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

387
-
2 077
-
unemployment
-
-
1
-
pensions
34
-
184
-
health
26
-
138
-
total
60
-
323
-
Corporate
1 953
2 400
-
-
income
371
456
-
-
total
371
456
-
-
Dividends
1 582
1 944
-
-
withholding
237
292
-
-
total
237
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
821
748
1 383
1 331
After tax
1 579
1 652
1 017
1 069
Living cost
235
235
235
235
Free-cash
1 344
1 417
782
834

Estimated living cost  is £235 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£1056
£1873
£611
£1254
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
579
-
-
-
income
128
-
-
-
social contributions
47
-
7
-
total
175
-
7
-
Employer
579
-
-
-
social contributions
817
-
116
-
total
817
-
116
-
Corporate
1 004
2 400
-
-
income
221
528
-
-
total
221
528
-
-
Dividends
783
1 872
-
-
income
172
412
-
-
total
172
412
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 385
940
123
742
After tax
1 015
1 460
2 277
1 658
Living cost
404
404
404
404
Free-cash
611
1 056
1 873
1 254

Estimated living cost  is £404 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1090
£752
£1081
£955
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
-
-
-
336
surtax
-
-
-
-
total
-
-
-
1 170
Employee
403
-
1 939
-
surtax
-
-
10
-
income
84
-
689
-
social contributions
44
-
213
-
total
128
-
912
-
Employer
403
-
1 939
-
social contributions
96
-
461
-
total
96
-
461
-
Corporate
1 902
2 400
-
-
surtax
-
-
-
-
income
399
504
-
-
total
399
504
-
-
Dividends
1 502
1 896
-
-
withholding
421
531
-
-
total
421
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 044
1 035
1 373
1 170
After tax
1 356
1 365
1 027
1 230
Living cost
275
275
275
275
Free-cash
1 081
1 090
752
955

Estimated living cost  is £275 per week

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

Source of data for Lisbon model

Close
Paris , France
£787
£755
£846
£854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
128
social contributions
-
-
-
68
income
-
-
-
507
pensions
-
-
-
346
other
-
-
-
74
surtax
-
-
-
-
total
-
-
-
1 123
Employee
548
-
1 812
-
surtax
-
-
-
-
income
48
-
437
-
social contributions
16
-
52
-
pensions
62
-
145
-
total
126
-
634
-
Employer
548
-
1 812
-
unemployment
22
-
73
-
pensions
90
-
241
-
social contributions
2
-
5
-
other
19
-
79
-
health
38
-
190
-
total
171
-
588
-
Corporate
1 681
2 400
-
-
surtax
-
-
-
-
income
471
672
-
-
total
471
672
-
-
Dividends
1 210
1 728
-
-
withholding
155
221
-
-
surtax
-
-
-
-
social contributions
208
297
-
-
total
363
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 131
1 190
1 222
1 123
After tax
1 269
1 210
1 178
1 277
Living cost
423
423
423
423
Free-cash
846
787
755
854

Estimated living cost  is £423 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£1897
£1539
£1868
£1475
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
-
-
-
134
social contributions
-
-
-
528
total
-
-
-
662
Employee
281
-
2 078
-
social contributions
18
-
135
-
income
-
-
141
-
total
18
-
276
-
Employer
281
-
2 078
-
social contributions
44
-
322
-
total
44
-
322
-
Corporate
2 075
2 400
-
-
income
207
240
-
-
total
207
240
-
-
Dividends
1 867
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
269
240
598
662
After tax
2 131
2 160
1 802
1 738
Living cost
263
263
263
263
Free-cash
1 868
1 897
1 539
1 475

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
£496
£496
£243
£945
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
labour market
-
-
-
191
national
-
-
-
310
pensions
-
-
-
8
municipal
-
-
-
525
total
-
-
-
1 034
Employee
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
pensions
5
5
5
-
labour market
142
142
142
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
496
-
-
-
income
109
-
-
-
total
109
-
-
-
Dividends
387
-
-
-
withholding
144
-
-
-
total
144
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 736
1 483
1 483
1 034
After tax
664
917
917
1 366
Living cost
421
421
421
421
Free-cash
243
496
496
945

Estimated living cost  is £421 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
£3
£1143
£165
£1447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
health
-
-
-
19
income
-
-
-
701
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
762
Employee
300
-
2 212
-
income
41
-
558
-
pensions
34
-
67
-
health
34
-
253
-
total
109
-
878
-
Employer
300
-
2 212
-
unemployment
7
-
54
-
pensions
49
-
97
-
accident
5
-
37
-
total
61
-
188
-
Corporate
2 039
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.

1 835
2 160
-
-
total
1 835
2 160
-
-
Dividends
204
240
-
-
withholding
39
46
-
-
total
39
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 044
2 206
1 066
762
After tax
356
194
1 334
1 638
Living cost
191
191
191
191
Free-cash
165
3
1 143
1 447

Estimated living cost  is £191 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£1097
£813
£1142
£1088
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
health
-
-
-
33
national
-
-
-
517
municipal
-
-
-
426
total
-
-
-
976
Employee
461
-
2 019
-
national
8
-
348
-
unemployment
7
-
30
-
municipal
75
-
329
-
pensions
31
-
136
-
health
3
-
27
-
total
124
-
870
-
Employer
461
-
2 019
-
unemployment
3
-
13
-
pensions
80
-
350
-
accident
-
-
2
-
health
4
-
16
-
total
87
-
381
-
Corporate
1 853
2 400
-
-
income
371
480
-
-
total
371
480
-
-
Dividends

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

1 112
1 440
-
-
municipal
200
259
-
-
national
140
228
-
-
total
340
487
-
-
Income
2 400
2 400
2 400
2 400
Total tax
922
967
1 251
976
After tax
1 478
1 433
1 149
1 424
Living cost
336
336
336
336
Free-cash
1 142
1 097
813
1 088

Estimated living cost  is £336 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1546
£1376
£1498
£1394
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
health
-
-
-
61
social contributions
-
-
-
142
income
-
-
-
600
total
-
-
-
803
Employee
673
673
2 282
-
income
73
62
590
-
social contributions
25
56
75
-
health
5
11
39
-
total
103
129
704
-
Employer
673
673
2 282
-
social contributions
25
56
75
-
health
6
12
42
-
total
31
68
117
-
Corporate
2 062
1 659
-
-
income
258
207
-
-
total
258
207
-
-
Dividends
1 804
1 451
-
-
withholding
307
247
-
-
total
307
247
-
-
Income
2 400
2 400
2 400
2 400
Total tax
699
651
821
803
After tax
1 701
1 749
1 579
1 597
Living cost
203
203
203
203
Free-cash
1 498
1 546
1 376
1 394

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1848
£1745
£1804
£1922
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
health
-
-
-
32
income
-
-
-
251
pensions
-
-
-
56
unemployment
-
-
-
-
total
-
-
-
339
Employee

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

201
-
2 314
-
unemployment
1
-
4
-
income
14
-
230
-
pensions
30
-
125
-
health
17
-
71
-
total
62
-
430
-
Employer

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

201
-
2 314
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
2 178
2 400
-
-
income
196
216
-
-
total
196
216
-
-
Dividends
1 982
2 184
-
-
withholding
178
197
-
-
total
178
197
-
-
Income
2 400
2 400
2 400
2 400
Total tax
457
413
516
339
After tax
1 943
1 987
1 884
2 061
Living cost
139
139
139
139
Free-cash
1 804
1 848
1 745
1 922

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1348
£1060
£1311
£1096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
819
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
1 063
Employee
324
-
2 141
-
unemployment
5
-
13
-
income
62
-
789
-
pensions
15
-
38
-
other
-
-
1
-
total
82
-
841
-
Employer
324
-
2 141
-
unemployment
18
-
45
-
pensions
76
-
191
-
accident
6
-
16
-
other
3
-
6
-
total
103
-
258
-
Corporate
1 973
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.

296
360
-
-
total
296
360
-
-
Dividends
1 677
2 040
-
-
withholding
367
451
-
-
total
367
451
-
-
Income
2 400
2 400
2 400
2 400
Total tax
848
811
1 099
1 063
After tax
1 552
1 589
1 301
1 337
Living cost
241
241
241
241
Free-cash
1 311
1 348
1 060
1 096

Estimated living cost  is £241 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1482
£1533
£1480
£1534
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
health
-
-
-
9
income
-
-
-
829
pensions
-
-
-
12
total
-
-
-
850
Employee
25
-
2 387
-
unemployment
-
-
1
-
income
5
-
828
-
pensions
2
-
5
-
health
1
-
3
-
total
8
-
837
-
Employer
25
-
2 387
-
unemployment
-
-
1
-
pensions
3
-
7
-
health
2
-
6
-
total
5
-
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
904
902
851
850
After tax
1 496
1 498
1 549
1 550
Living cost
16
16
16
16
Free-cash
1 480
1 482
1 533
1 534

Estimated living cost  is £16 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
£1583
£1442
£1539
£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

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
health
-
-
-
66
income
-
-
-
564
pensions
-
-
-
168
unemployment
-
-
-
10
total
-
-
-
808
Employee

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

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

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

228
-
2 284
-
unemployment
2
-
5
-
income
31
-
564
-
pensions
32
-
90
-
health
12
-
33
-
total
77
-
692
-
Employer

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

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

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

228
-
2 284
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
2 132
2 400
-
-
income
320
360
-
-
total
320
360
-
-
Dividends
1 812
2 040
-
-
withholding
272
306
-
-
total
272
306
-
-
Income
2 400
2 400
2 400
2 400
Total tax
710
666
807
808
After tax
1 690
1 734
1 593
1 592
Living cost
151
151
151
151
Free-cash
1 539
1 583
1 442
1 441

Estimated living cost  is £151 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£1129
£791
£1126
£994
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
-
-
-
336
surtax
-
-
-
-
total
-
-
-
1 170
Employee
340
-
1 939
-
surtax
-
-
10
-
income
66
-
689
-
social contributions
37
-
213
-
total
103
-
912
-
Employer
340
-
1 939
-
social contributions
81
-
461
-
total
81
-
461
-
Corporate
1 980
2 400
-
-
surtax
-
-
-
-
income
416
504
-
-
total
416
504
-
-
Dividends
1 564
1 896
-
-
withholding
438
531
-
-
total
438
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 038
1 035
1 373
1 170
After tax
1 362
1 365
1 027
1 230
Living cost
236
236
236
236
Free-cash
1 126
1 129
791
994

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1281
£993
£1225
£1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
819
pensions
-
-
-
230
unemployment
-
-
-
6
other
-
-
-
1
accident
-
-
-
7
total
-
-
-
1 063
Employee
423
-
2 141
-
unemployment
7
-
13
-
income
88
-
789
-
pensions
20
-
38
-
other
-
-
1
-
total
115
-
841
-
Employer
423
-
2 141
-
unemployment
23
-
45
-
pensions
100
-
191
-
accident
8
-
16
-
other
3
-
6
-
total
134
-
258
-
Corporate
1 842
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.

276
360
-
-
total
276
360
-
-
Dividends
1 566
2 040
-
-
withholding
342
451
-
-
total
342
451
-
-
Income
2 400
2 400
2 400
2 400
Total tax
867
811
1 099
1 063
After tax
1 533
1 589
1 301
1 337
Living cost
308
308
308
308
Free-cash
1 225
1 281
993
1 029

Estimated living cost  is £308 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1902
£1912
£1850
£1809
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
health
-
-
-
35
income
-
-
-
360
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
441
Employee
199
-
2 340
-
income
20
-
234
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
278
-
Employer
199
-
2 340
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
total
39
-
60
-
Corporate
2 162
2 400
-
-
income
216
240
-
-
total
216
240
-
-
Dividends
1 946
2 160
-
-
withholding
97
108
-
-
total
97
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
400
348
338
441
After tax
2 000
2 052
2 062
1 959
Living cost
150
150
150
150
Free-cash
1 850
1 902
1 912
1 809

Estimated living cost  is £150 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£896
£1119
£1009
£833
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
health

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

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

-
-
-
60
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.

-
-
-
837
trade
-
-
-
286
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
-
-
-
1 229
Employee

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

436
-
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
-
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
-
837
-
health

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

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

60
-
60
-
total
98
-
943
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 964
2 400
-
-
trade
282
344
-
-
chamber of commerce
4
5
-
-
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
-
-
income
295
360
-
-
total
597
729
-
-
Dividends
1 367
1 671
-
-
withholding
339
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
358
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 053
1 166
943
1 229
After tax
1 347
1 234
1 457
1 171
Living cost
338
338
338
338
Free-cash
1 009
896
1 119
833

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1181
£666
£1201
£666
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
-
-
-
815
social contributions
-
-
-
420
total
-
-
-
1 235
Employee
685
-
2 400
-
social contributions
57
-
420
-
income
129
-
815
-
total
186
-
1 235
-
Employer
685
-
2 400
-
total
-
-
-
-
Corporate
1 715
2 400
-
-
income
214
300
-
-
total
214
300
-
-
Dividends
1 501
2 100
-
-
withholding
300
420
-
-
total
300
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
700
720
1 235
1 235
After tax
1 700
1 680
1 165
1 165
Living cost
499
499
499
499
Free-cash
1 201
1 181
666
666

Estimated living cost  is £499 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1196
£1337
£1227
£1668
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
402
-
2 360
-
social contributions
40
-
40
-
income
44
-
665
-
total
84
-
705
-
Employer
402
-
2 360
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
1 958
2 400
-
-
income
685
840
-
-
total
685
840
-
-
Dividends
1 273
1 560
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
855
886
745
414
After tax
1 545
1 514
1 655
1 986
Living cost
318
318
318
318
Free-cash
1 227
1 196
1 337
1 668

Estimated living cost  is £318 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1154
£989
£1206
£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
-
income
81
-
636
-
pensions
34
-
112
-
health
6
-
27
-
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
-£16
£1124
£162
£1428
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
health
-
-
-
19
income
-
-
-
701
pensions
-
-
-
37
other
-
-
-
3
accident
-
-
-
2
total
-
-
-
762
Employee
330
-
2 212
-
income
45
-
558
-
pensions
37
-
67
-
health
38
-
253
-
total
120
-
878
-
Employer
330
-
2 212
-
unemployment
8
-
54
-
pensions
54
-
97
-
accident
6
-
37
-
total
68
-
188
-
Corporate
2 003
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.

1 802
2 160
-
-
total
1 802
2 160
-
-
Dividends
200
240
-
-
withholding
38
46
-
-
total
38
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 028
2 206
1 066
762
After tax
372
194
1 334
1 638
Living cost
210
210
210
210
Free-cash
162
-16
1 124
1 428

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1718
£1681
£1692
£1488
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
work injury
-
-
-
7
income
-
-
-
409
health insurance
-
-
-
104
pensions
-
-
-
257
unemployment
-
-
-
17
total
-
-
-
794
Employee

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

189
-
2 400
-
unemployment
2
-
8
-
work injury
1
-
3
-
income
19
-
409
-
health insurance
14
-
52
-
pensions
35
-
129
-
total
71
-
601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 211
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
1 990
2 160
-
-
withholding
298
324
-
-
total
298
324
-
-
Income
2 400
2 400
2 400
2 400
Total tax
590
564
601
794
After tax
1 810
1 836
1 799
1 606
Living cost
118
118
118
118
Free-cash
1 692
1 718
1 681
1 488

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£915
£731
£875
£803
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
-
-
-
438
national
-
-
-
730
regional
-
-
-
62
municipal
-
-
-
18
total
-
-
-
1 248
Employee
738
-
2 400
-
regional
11
-
58
-
national
125
-
672
-
municipal
4
-
16
-
social contributions
249
-
574
-
total
389
-
1 320
-
Employer
738
-
2 400
-
total
-
-
-
-
Corporate
1 662
2 400
-
-
nationa
399
576
-
-
municipal
80
116
-
-
total
479
692
-
-
Dividends
1 183
1 708
-
-
withholding
308
444
-
-
total
308
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 176
1 136
1 320
1 248
After tax
1 224
1 264
1 080
1 152
Living cost
349
349
349
349
Free-cash
875
915
731
803

Estimated living cost  is £349 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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