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
£ 2450
per

Your estimated
City
free-cash

Valencia , Spain
£1333
£1077
£1115
£1373
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
-
-
-
2 450
unemployment
-
-
-
6
income
-
-
-
832
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
238
total
-
-
-
1 085
Employee
336
-
2 182
-
unemployment
5
-
13
-
pensions
16
-
40
-
income
65
-
801
-
other
-
-
1
-
total
86
-
855
-
Employer
336
-
2 182
-
pensions
79
-
198
-
accident
7
-
17
-
unemployment
18
-
46
-
other
3
-
7
-
total
107
-
268
-
Corporate
2 008
2 450
-
-
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.

301
367
-
-
total
301
367
-
-
Dividends
1 706
2 083
-
-
withholding
373
460
-
-
total
373
460
-
-
Income
2 450
2 450
2 450
2 450
Total tax
867
827
1 123
1 085
After tax
1 583
1 623
1 327
1 365
Living cost
250
250
250
250
Free-cash
1 333
1 373
1 077
1 115

Estimated living cost  is £250 per week

£168
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.
£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
Bratislava , Slovakia
£1496
£1271
£1290
£1558
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
-
-
-
2 450
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.

-
-
-
331
income
-
-
-
460
other
-
-
-
66
health
-
-
-
61
total
-
-
-
918
Employee
329
-
2 097
-
health
5
-
19
-
unemployment
3
-
14
-
pensions

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

23
-
97
-
income
57
-
453
-
total
88
-
583
-
Employer
329
-
2 097
-
health
5
-
19
-
pensions

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

56
-
235
-
accident
3
-
17
-
unemployment
3
-
14
-
other
16
-
69
-
total
83
-
354
-
Corporate
2 037
2 450
-
-
income
428
515
-
-
total
428
515
-
-
Dividends
1 610
1 935
-
-
withholding
113
135
-
-
total
113
135
-
-
Income
2 450
2 450
2 450
2 450
Total tax
712
650
937
918
After tax
1 738
1 800
1 513
1 532
Living cost
242
242
242
242
Free-cash
1 496
1 558
1 271
1 290

Estimated living cost  is £242 per week

£171
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.
£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
Varna , Bulgaria
£1933
£1984
£1880
£1976
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
-
-
-
2 450
pensions

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

-
-
-
47
unemployment
-
-
-
1
income
-
-
-
367
health
-
-
-
36
total
-
-
-
451
Employee
158
-
2 388
-
health
7
-
15
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
28
-
income
16
-
239
-
total
39
-
285
-
Employer
158
-
2 388
-
health
11
-
22
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
2 261
2 450
-
-
income
226
245
-
-
total
226
245
-
-
Dividends
2 035
2 205
-
-
withholding
102
110
-
-
total
102
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
398
355
347
451
After tax
2 052
2 095
2 103
1 999
Living cost
119
119
119
119
Free-cash
1 933
1 976
1 984
1 880

Estimated living cost  is £119 per week

£70
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£979
£898
£995
£925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
513
other
-
-
-
76
health
-
-
-
130
social contributions
-
-
-
70
pensions
-
-
-
356
surtax
-
-
-
-
total
-
-
-
1 145
Employee
388
-
1 851
-
pensions
44
-
147
-
income
23
-
443
-
social contributions
11
-
53
-
surtax
-
-
-
-
total
78
-
643
-
Employer
388
-
1 851
-
health
27
-
193
-
social contributions
1
-
6
-
pensions
64
-
245
-
unemployment
16
-
75
-
other
13
-
80
-
total
121
-
599
-
Corporate
1 940
2 450
-
-
income
543
686
-
-
surtax
-
-
-
-
total
543
686
-
-
Dividends
1 397
1 764
-
-
social contributions
240
303
-
-
surtax
-
-
-
-
withholding
179
226
-
-
total
419
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 161
1 215
1 242
1 145
After tax
1 289
1 235
1 208
1 305
Living cost
310
310
310
310
Free-cash
979
925
898
995

Estimated living cost  is £310 per week

£196
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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£790
£1186
£914
£845
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
-
-
-
2 450
pensions
-
-
-
106
income
-
-
-
938
health
-
-
-
112
total
-
-
-
1 156
Employee
775
775
2 281
-
health
119
101
112
-
pensions
139
106
106
-
income

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

127
127
497
-
total
385
334
715
-
Employer
775
775
2 281
-
health
54
54
67
-
pensions
54
54
67
-
unemployment
28
28
35
-
total
136
136
169
-
Corporate
1 549
1 539
-
-
income
310
308
-
-
total
310
308
-
-
Dividends
1 239
1 232
-
-
income
263
262
-
-
withholding
186
185
-
-
total
449
447
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 280
1 225
884
1 156
After tax
1 170
1 225
1 566
1 294
Living cost
380
380
380
380
Free-cash
790
845
1 186
914

Estimated living cost  is £380 per week

£269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£1060
£1214
£895
£960
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.

-
-
-
2 450
trade
-
-
-
319
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.

-
-
-
852
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.

-
-
-
62
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.

-
-
-
47
total
-
-
-
1 280
Employee

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

347
-
2 450
-
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.

62
-
62
-
income

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

10
-
852
-
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
-
47
-
total
73
-
961
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 103
2 450
-
-
income
315
367
-
-
trade
331
386
-
-
surtax

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

17
20
-
-
chamber of commerce
4
5
-
-
total
667
778
-
-
Dividends
1 435
1 672
-
-
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.

20
23
-
-
withholding
355
414
-
-
total
375
437
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 115
1 215
961
1 280
After tax
1 335
1 235
1 489
1 170
Living cost
275
275
275
275
Free-cash
1 060
960
1 214
895

Estimated living cost  is £275 per week

£173
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.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£1527
£1403
£1422
£1574
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
-
-
-
2 450
income
-
-
-
609
health
-
-
-
62
social contributions
-
-
-
147
total
-
-
-
818
Employee
698
698
2 329
-
health
5
12
40
-
income
76
65
598
-
social contributions
26
58
78
-
total
107
135
716
-
Employer
698
698
2 329
-
health
6
13
43
-
social contributions
26
58
78
-
total
32
71
121
-
Corporate
2 100
1 681
-
-
income
262
210
-
-
total
262
210
-
-
Dividends
1 837
1 471
-
-
withholding
312
250
-
-
total
312
250
-
-
Income
2 450
2 450
2 450
2 450
Total tax
713
666
837
818
After tax
1 737
1 784
1 613
1 632
Living cost
210
210
210
210
Free-cash
1 527
1 574
1 403
1 422

Estimated living cost  is £210 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
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.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£1099
£765
£973
£1108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 450
income
-
-
-
341
social contributions

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

-
-
-
851
surtax
-
-
-
-
total
-
-
-
1 192
Employee
417
-
1 980
-
income
87
-
702
-
social contributions
46
-
218
-
surtax
-
-
10
-
total
133
-
930
-
Employer
417
-
1 980
-
social contributions
99
-
470
-
total
99
-
470
-
Corporate
1 934
2 450
-
-
income
406
515
-
-
surtax
-
-
-
-
total
406
515
-
-
Dividends
1 528
1 935
-
-
withholding
428
542
-
-
total
428
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 066
1 057
1 400
1 192
After tax
1 384
1 393
1 050
1 258
Living cost
285
285
285
285
Free-cash
1 099
1 108
765
973

Estimated living cost  is £285 per week

£213
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.
£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
Batumi , Georgia
£2247
£1892
£2357
£2260
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%.

-
-
-
2 450
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
85
-
2 450
-
income
17
-
490
-
total
17
-
490
-
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%.

2 365
2 450
-
-
total
-
-
-
-
Dividends
2 365
2 450
-
-
withholding
118
122
-
-
total
118
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
135
122
490
25
After tax
2 315
2 328
1 960
2 425
Living cost
68
68
68
68
Free-cash
2 247
2 260
1 892
2 357

Estimated living cost  is £68 per week

£42
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
£1368
£798
£852
£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

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.

-
-
-
2 450
pensions
-
-
-
447
unemployment
-
-
-
4
income
-
-
-
663
health
-
-
-
241
total
-
-
-
1 355
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.

401
-
2 120
-
health
26
-
137
-
unemployment
1
-
3
-
pensions
62
-
329
-
income
69
-
610
-
total
158
-
1 079
-
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.

401
-
2 120
-
health
27
-
141
-
pensions
36
-
188
-
unemployment
-
-
1
-
total
63
-
330
-
Corporate
1 986
2 450
-
-
income
377
465
-
-
total
377
465
-
-
Dividends
1 609
1 985
-
-
withholding
241
298
-
-
total
241
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
839
763
1 409
1 355
After tax
1 611
1 687
1 041
1 095
Living cost
243
243
243
243
Free-cash
1 368
1 444
798
852

Estimated living cost  is £243 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.
£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
Sliema , Malta
£1247
£1361
£1697
£1216
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.

-
-
-
2 450
income
-
-
-
367
health

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

-
-
-
57
total
-
-
-
424
Employee
416
-
2 408
-
social contributions
42
-
42
-
income
45
-
676
-
total
87
-
718
-
Employer
416
-
2 408
-
social contributions
42
-
42
-
total
42
-
42
-
Corporate
1 992
2 450
-
-
income
697
857
-
-
total
697
857
-
-
Dividends
1 295
1 593
-
-
social contributions
48
48
-
-
total
48
48
-
-
Income
2 450
2 450
2 450
2 450
Total tax
874
905
760
424
After tax
1 576
1 545
1 690
2 026
Living cost
329
329
329
329
Free-cash
1 247
1 216
1 361
1 697

Estimated living cost  is £329 per week

£217
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.
£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
Vilnius , Lithuania
£1309
£708
£1382
£1304
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
-
-
-
2 450
income
-
-
-
367
health
-
-
-
171
social contributions
-
-
-
338
total
-
-
-
876
Employee
308
-
2 450
-
health
21
-
171
-
income
51
-
1 041
-
social contributions
42
-
338
-
total
114
-
1 550
-
Employer
308
-
2 450
-
total
-
-
-
-
Corporate
2 142
2 450
-
-
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%.

107
122
-
-
total
107
122
-
-
Dividends
2 035
2 328
-
-
social contributions
281
321
-
-
withholding
305
349
-
-
health
142
162
-
-
total
728
832
-
-
Income
2 450
2 450
2 450
2 450
Total tax
949
954
1 550
876
After tax
1 501
1 496
900
1 574
Living cost
192
192
192
192
Free-cash
1 309
1 304
708
1 382

Estimated living cost  is £192 per week

£129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£1342
£1126
£1239
£1432
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
-
-
-
2 450
income
-
-
-
273
health
-
-
-
331
social contributions
-
-
-
296
solidarity contribution
-
-
-
57
total
-
-
-
957
Employee
373
-
2 015
-
health
50
-
272
-
solidarity contribution
-
-
46
-
income
45
-
252
-
social contributions
24
-
66
-
total
119
-
636
-
Employer
373
-
2 015
-
health
34
-
181
-
social contributions
93
-
253
-
total
127
-
434
-
Corporate
1 950
2 450
-
-
income
371
466
-
-
total
371
466
-
-
Dividends
1 580
1 984
-
-
withholding
237
298
-
-
total
237
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
854
764
1 070
957
After tax
1 596
1 686
1 380
1 493
Living cost
254
254
254
254
Free-cash
1 342
1 432
1 126
1 239

Estimated living cost  is £254 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£2202
£1854
£2319
£2222
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%.

-
-
-
2 450
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
132
-
2 450
-
income
26
-
490
-
total
26
-
490
-
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%.

2 318
2 450
-
-
total
-
-
-
-
Dividends
2 318
2 450
-
-
withholding
116
122
-
-
total
116
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
142
122
490
25
After tax
2 308
2 328
1 960
2 425
Living cost
106
106
106
106
Free-cash
2 202
2 222
1 854
2 319

Estimated living cost  is £106 per week

£71
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
£859
£770
£867
£797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
513
other
-
-
-
76
health
-
-
-
130
social contributions
-
-
-
70
pensions
-
-
-
356
surtax
-
-
-
-
total
-
-
-
1 145
Employee
568
-
1 851
-
pensions
64
-
147
-
income
50
-
443
-
social contributions
16
-
53
-
surtax
-
-
-
-
total
130
-
643
-
Employer
568
-
1 851
-
health
40
-
193
-
social contributions
2
-
6
-
pensions
93
-
245
-
unemployment
23
-
75
-
other
20
-
80
-
total
178
-
599
-
Corporate
1 704
2 450
-
-
income
477
686
-
-
surtax
-
-
-
-
total
477
686
-
-
Dividends
1 227
1 764
-
-
social contributions
211
303
-
-
surtax
-
-
-
-
withholding
157
226
-
-
total
368
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 153
1 215
1 242
1 145
After tax
1 297
1 235
1 208
1 305
Living cost
438
438
438
438
Free-cash
859
797
770
867

Estimated living cost  is £438 per week

£297
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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£1570
£1467
£1466
£1615
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.

-
-
-
2 450
pensions
-
-
-
174
unemployment
-
-
-
10
income
-
-
-
575
health
-
-
-
69
total
-
-
-
828
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.

236
-
2 330
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
94
-
income
32
-
575
-
total
79
-
708
-
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.

236
-
2 330
-
health
12
-
34
-
pensions
28
-
80
-
unemployment
2
-
5
-
total
42
-
119
-
Corporate
2 172
2 450
-
-
income
326
367
-
-
total
326
367
-
-
Dividends
1 846
2 083
-
-
withholding
277
312
-
-
total
277
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
724
679
827
828
After tax
1 726
1 771
1 623
1 622
Living cost
156
156
156
156
Free-cash
1 570
1 615
1 467
1 466

Estimated living cost  is £156 per week

£105
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.
£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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£759
£1202
£1263
£489
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
-
-
-
2 450
pensions
-
-
-
225
city
-
-
-
26
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
health
-
-
-
6
regional
-
-
-
156
national
-
-
-
94
total
-
-
-
555
Employee
739
-
2 219
-
health
2
-
5
-
unemployment
-
-
-
-
city
8
-
24
-
pensions
62
-
157
-
regional
24
-
142
-
national
3
-
82
-
total
99
-
410
-
Employer
739
-
2 219
-
health
2
-
5
-
pensions
62
-
157
-
unemployment
-
-
-
-
other

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

15
-
44
-
total
79
-
206
-
Corporate
1 624
2 450
-
-
regional
343
518
-
-
national
138
208
-
-
total
481
726
-
-
Dividends
1 143
1 724
-
-
withholding
400
603
-
-
total
400
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 059
1 329
616
555
After tax
1 391
1 121
1 834
1 895
Living cost
632
632
632
632
Free-cash
759
489
1 202
1 263

Estimated living cost  is £632 per week

£411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Helsinki , Finland
£1162
£828
£1108
£1118
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

-
-
-
2 450
municipal
-
-
-
435
health
-
-
-
34
national
-
-
-
525
total
-
-
-
994
Employee
477
-
2 061
-
health
4
-
28
-
unemployment
7
-
31
-
pensions
32
-
139
-
national
8
-
352
-
municipal
78
-
335
-
total
129
-
885
-
Employer
477
-
2 061
-
health
4
-
16
-
pensions
83
-
358
-
accident
-
-
2
-
unemployment
3
-
13
-
total
90
-
389
-
Corporate
1 883
2 450
-
-
income
377
490
-
-
total
377
490
-
-
Dividends

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

1 130
1 470
-
-
municipal
203
265
-
-
national
141
229
-
-
total
344
494
-
-
Income
2 450
2 450
2 450
2 450
Total tax
940
984
1 274
994
After tax
1 510
1 466
1 176
1 456
Living cost
348
348
348
348
Free-cash
1 162
1 118
828
1 108

Estimated living cost  is £348 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Additional information

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

Brussels , Belgium
£901
£483
£737
£990
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
-
-
-
2 450
communal

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

-
-
-
133
social contributions
-
-
-
226
national
-
-
-
1 023
total
-
-
-
1 382
Employee

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

649
-
1 898
-
health

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

30
-
89
-
communal

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

34
-
99
-
unemployment

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

6
-
17
-
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.

49
-
142
-
national
200
-
736
-
total
319
-
1 083
-
Employer

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

649
-
1 898
-
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.

40
-
117
-
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.

58
-
168
-
surtax
74
-
215
-
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
-
25
-
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
-
28
-
total
189
-
553
-
Corporate
1 612
2 450
-
-
income
322
556
-
-
surtax
6
11
-
-
total
328
567
-
-
Dividends
1 283
1 883
-
-
withholding

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

382
562
-
-
total
382
562
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 218
1 129
1 636
1 382
After tax
1 232
1 321
814
1 068
Living cost
331
331
331
331
Free-cash
901
990
483
737

Estimated living cost  is £331 per week

£213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£938
£812
£820
£947
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
-
-
-
2 450
unemployment
-
-
-
1
municipal
-
-
-
657
other
-
-
-
100
health
-
-
-
54
national
-
-
-
332
accident
-
-
-
2
pensions
-
-
-
93
total
-
-
-
1 239
Employee
558
-
2 181
-
national
-
-
326
-
municipal
166
-
650
-
total
166
-
976
-
Employer
558
-
2 181
-
health
34
-
53
-
pensions
60
-
93
-
accident
1
-
2
-
unemployment
15
-
23
-
other
65
-
100
-
total
175
-
271
-
Corporate
1 717
2 450
-
-
income
378
539
-
-
total
378
539
-
-
Dividends
1 339
1 911
-
-
withholding
402
573
-
-
total
402
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 121
1 112
1 247
1 239
After tax
1 329
1 338
1 203
1 211
Living cost
391
391
391
391
Free-cash
938
947
812
820

Estimated living cost  is £391 per week

£259
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.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£586
£1889
£1263
£1061
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
-
-
-
2 450
income
-
-
-
478
social contributions
-
-
-
279
total
-
-
-
757
Employee
617
-
-
-
income
136
-
-
-
social contributions
51
-
7
-
total
187
-
7
-
Employer
617
-
-
-
social contributions
870
-
124
-
total
870
-
124
-
Corporate
964
2 450
-
-
income
212
539
-
-
total
212
539
-
-
Dividends
752
1 911
-
-
income
165
420
-
-
total
165
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 434
959
131
757
After tax
1 016
1 491
2 319
1 693
Living cost
430
430
430
430
Free-cash
586
1 061
1 889
1 263

Estimated living cost  is £430 per week

£279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£1452
£1319
£1338
£1490
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
-
-
-
2 450
income
-
-
-
609
health
-
-
-
62
social contributions
-
-
-
147
total
-
-
-
818
Employee
698
698
2 329
-
health
7
12
40
-
income
73
65
598
-
social contributions
34
58
78
-
total
114
135
716
-
Employer
698
698
2 329
-
health
8
13
43
-
social contributions
34
58
78
-
total
42
71
121
-
Corporate
2 000
1 681
-
-
income
250
210
-
-
total
250
210
-
-
Dividends
1 750
1 471
-
-
withholding
298
250
-
-
total
298
250
-
-
Income
2 450
2 450
2 450
2 450
Total tax
704
666
837
818
After tax
1 746
1 784
1 613
1 632
Living cost
294
294
294
294
Free-cash
1 452
1 490
1 319
1 338

Estimated living cost  is £294 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£1233
£1016
£1232
£1181
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
-
-
-
2 450
income
-
-
-
797
pensions
-
-
-
97
total
-
-
-
894
Employee
445
-
2 132
-
health
6
-
27
-
pensions
34
-
112
-
income
81
-
653
-
total
121
-
792
-
Employer
445
-
2 132
-
health
8
-
40
-
pensions
45
-
278
-
total
53
-
318
-
Corporate
1 951
2 450
-
-
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.

371
466
-
-
total
371
466
-
-
Dividends
1 581
1 984
-
-
withholding
348
479
-
-
total
348
479
-
-
Income
2 450
2 450
2 450
2 450
Total tax
893
945
1 110
894
After tax
1 557
1 505
1 340
1 556
Living cost
324
324
324
324
Free-cash
1 233
1 181
1 016
1 232

Estimated living cost  is £324 per week

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

Additional information

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

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

Rome , Italy
£888
£738
£813
£930
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
-
-
-
2 450
municipal
-
-
-
18
regional
-
-
-
63
social contributions
-
-
-
454
national
-
-
-
741
total
-
-
-
1 276
Employee
765
-
2 450
-
social contributions
258
-
595
-
regional
12
-
59
-
national
129
-
680
-
municipal
5
-
17
-
total
404
-
1 351
-
Employer
765
-
2 450
-
total
-
-
-
-
Corporate
1 685
2 450
-
-
nationa
404
588
-
-
municipal
81
118
-
-
total
485
706
-
-
Dividends
1 200
1 744
-
-
withholding
312
453
-
-
total
312
453
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 201
1 159
1 351
1 276
After tax
1 249
1 291
1 099
1 174
Living cost
361
361
361
361
Free-cash
888
930
738
813

Estimated living cost  is £361 per week

£254
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.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£169
£1171
£1480
£6
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
-
-
-
2 450
pensions
-
-
-
36
income
-
-
-
718
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
total
-
-
-
778
Employee
302
-
2 261
-
health
35
-
259
-
pensions
34
-
67
-
income
41
-
572
-
total
110
-
898
-
Employer
302
-
2 261
-
pensions
49
-
96
-
accident
5
-
38
-
unemployment
7
-
55
-
total
61
-
189
-
Corporate
2 086
2 450
-
-
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.

1 878
2 205
-
-
total
1 878
2 205
-
-
Dividends
209
245
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 089
2 252
1 087
778
After tax
361
198
1 363
1 672
Living cost
192
192
192
192
Free-cash
169
6
1 171
1 480

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£1029
£1139
£848
£910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 450
trade
-
-
-
291
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.

-
-
-
852
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.

-
-
-
62
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.

-
-
-
47
total
-
-
-
1 252
Employee

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

452
-
2 450
-
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.

62
-
62
-
income

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

37
-
852
-
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
-
47
-
total
101
-
961
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 998
2 450
-
-
income
300
367
-
-
trade
287
352
-
-
surtax

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

16
20
-
-
chamber of commerce
4
5
-
-
total
607
744
-
-
Dividends
1 391
1 706
-
-
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
-
-
withholding
344
423
-
-
total
363
446
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 071
1 190
961
1 252
After tax
1 379
1 260
1 489
1 198
Living cost
350
350
350
350
Free-cash
1 029
910
1 139
848

Estimated living cost  is £350 per week

£242
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.
£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 Source

Additional information

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

Riga , Latvia
£1697
£897
£729
£1771
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.

-
-
-
2 450
income
-
-
-
559
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.

-
-
-
348
surtax
-
-
-
625
total
-
-
-
1 532
Employee
265
-
1 973
-
income
47
-
481
-
social contributions

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

29
-
119
-
surtax
-
-
286
-
total
76
-
886
-
Employer
265
-
1 973
-
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.

64
-
261
-
surtax
-
-
217
-
total
64
-
478
-
Corporate
2 121
2 450
-
-
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%.

424
490
-
-
total
424
490
-
-
Dividends

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

1 697
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
564
490
1 364
1 532
After tax
1 886
1 960
1 086
918
Living cost
189
189
189
189
Free-cash
1 697
1 771
897
729

Estimated living cost  is £189 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
Istanbul , Turkey
£1400
£1408
£1416
£1418
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
-
-
-
2 450
income
-
-
-
783
health
-
-
-
59
pensions
-
-
-
81
total
-
-
-
923
Employee
170
-
2 359
-
health
8
-
20
-
unemployment
2
-
4
-
pensions
15
-
37
-
income
33
-
778
-
total
58
-
839
-
Employer
170
-
2 359
-
health
16
-
39
-
pensions
19
-
45
-
unemployment
3
-
8
-
total
38
-
92
-
Corporate
2 242
2 450
-
-
income
493
539
-
-
total
493
539
-
-
Dividends
1 749
1 911
-
-
withholding
350
382
-
-
total
350
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
939
921
931
923
After tax
1 511
1 529
1 519
1 527
Living cost
111
111
111
111
Free-cash
1 400
1 418
1 408
1 416

Estimated living cost  is £111 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Athens , Greece
£1308
£890
£945
£1337
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
-
-
-
2 450
pensions
-
-
-
242
unemployment
-
-
-
2
income
-
-
-
826
other
-
-
-
-
health
-
-
-
86
surtax
-
-
-
145
total
-
-
-
1 301
Employee
306
-
2 195
-
health
8
-
31
-
unemployment
21
-
84
-
pensions
20
-
81
-
income
51
-
772
-
other
-
-
-
-
surtax
1
-
134
-
total
101
-
1 102
-
Employer
306
-
2 195
-
health
14
-
55
-
pensions
41
-
161
-
unemployment
10
-
38
-
other
-
-
-
-
total
65
-
254
-
Corporate
2 080
2 450
-
-
income
541
637
-
-
total
541
637
-
-
Dividends
1 539
1 813
-
-
withholding
231
272
-
-
total
231
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
938
909
1 356
1 301
After tax
1 512
1 541
1 094
1 149
Living cost
204
204
204
204
Free-cash
1 308
1 337
890
945

Estimated living cost  is £204 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Graz , Austria
£1053
£341
£960
£1058
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
-
-
-
2 450
pensions
-
-
-
196
chamber of commerce
-
-
-
10
unemployment
-
-
-
56
income
-
-
-
857
health
-
-
-
81
surtax
-
-
-
-
total
-
-
-
1 200
Employee
397
362
2 071
-
health
15
14
41
-
unemployment
12
11
32
-
pensions
41
37
109
-
income
35
27
738
-
other
4
4
11
-
total
107
93
931
-
Employer
397
362
2 071
-
health
15
14
40