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
£1080
£1119
£1377
£1336
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
-
-
-
836
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
235
other
-
-
-
1
total
-
-
-
1 085
Employee
331
-
2 186
-
other
-
-
1
-
income
64
-
806
-
unemployment
5
-
13
-
pensions
16
-
39
-
total
85
-
859
-
Employer
331
-
2 186
-
unemployment
18
-
46
-
pensions
78
-
196
-
other
3
-
7
-
accident
7
-
16
-
total
106
-
265
-
Corporate
2 014
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.

302
367
-
-
total
302
367
-
-
Dividends
1 712
2 083
-
-
withholding
375
460
-
-
total
375
460
-
-
Income
2 450
2 450
2 450
2 450
Total tax
868
827
1 124
1 085
After tax
1 582
1 623
1 326
1 365
Living cost
246
246
246
246
Free-cash
1 336
1 377
1 080
1 119

Estimated living cost  is £246 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£1279
£1299
£1562
£1501
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
-
-
-
462
health
-
-
-
60
pensions

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

-
-
-
326
other
-
-
-
65
total
-
-
-
913
Employee
325
-
2 101
-
income
56
-
456
-
health
5
-
19
-
unemployment
3
-
14
-
pensions

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

23
-
95
-
total
87
-
584
-
Employer
325
-
2 101
-
unemployment
3
-
14
-
pensions

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

55
-
231
-
other
16
-
68
-
accident
3
-
17
-
health
5
-
19
-
total
82
-
349
-
Corporate
2 043
2 450
-
-
income
429
515
-
-
total
429
515
-
-
Dividends
1 614
1 935
-
-
withholding
113
135
-
-
total
113
135
-
-
Income
2 450
2 450
2 450
2 450
Total tax
711
650
933
913
After tax
1 739
1 800
1 517
1 537
Living cost
238
238
238
238
Free-cash
1 501
1 562
1 279
1 299

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£1989
£1883
£1978
£1935
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
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
450
Employee
155
-
2 389
-
income
16
-
239
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
total
39
-
283
-
Employer
155
-
2 389
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
61
-
Corporate
2 264
2 450
-
-
income
226
245
-
-
total
226
245
-
-
Dividends
2 038
2 205
-
-
withholding
102
110
-
-
total
102
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
398
355
344
450
After tax
2 052
2 095
2 106
2 000
Living cost
117
117
117
117
Free-cash
1 935
1 978
1 989
1 883

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£896
£997
£929
£983
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
-
-
-
517
social contributions
-
-
-
70
health
-
-
-
131
surtax
-
-
-
-
pensions
-
-
-
353
other
-
-
-
76
total
-
-
-
1 147
Employee
383
-
1 850
-
income
23
-
446
-
social contributions
11
-
53
-
surtax
-
-
-
-
pensions
43
-
148
-
total
77
-
647
-
Employer
383
-
1 850
-
unemployment
15
-
75
-
social contributions
1
-
6
-
pensions
63
-
246
-
other
13
-
80
-
health
27
-
194
-
total
119
-
601
-
Corporate
1 948
2 450
-
-
income
545
686
-
-
surtax
-
-
-
-
total
545
686
-
-
Dividends
1 402
1 764
-
-
withholding
179
226
-
-
surtax
-
-
-
-
social contributions
241
303
-
-
total
420
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 161
1 215
1 248
1 147
After tax
1 289
1 235
1 202
1 303
Living cost
306
306
306
306
Free-cash
983
929
896
997

Estimated living cost  is £306 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£1191
£917
£851
£798
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
-
-
-
943
health
-
-
-
110
pensions
-
-
-
105
total
-
-
-
1 158
Employee
764
764
2 284
-
income

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

125
125
503
-
health
117
100
110
-
pensions
137
105
105
-
total
379
330
718
-
Employer
764
764
2 284
-
unemployment
27
27
34
-
pensions
53
53
66
-
health
53
53
66
-
total
133
133
166
-
Corporate
1 562
1 553
-
-
income
312
311
-
-
total
312
311
-
-
Dividends
1 250
1 242
-
-
withholding
187
186
-
-
income
266
264
-
-
total
453
450
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 277
1 224
884
1 158
After tax
1 173
1 226
1 566
1 292
Living cost
375
375
375
375
Free-cash
798
851
1 191
917

Estimated living cost  is £375 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£1217
£897
£964
£1062
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
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.

-
-
-
854
health

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

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

-
-
-
61
trade
-
-
-
320
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
-
-
-
1 282
Employee

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

342
-
2 450
-
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
-
854
-
health

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

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

61
-
61
-
surtax

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

1
-
47
-
total
72
-
962
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 108
2 450
-
-
chamber of commerce
4
5
-
-
income
316
367
-
-
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
-
-
trade
332
386
-
-
total
669
778
-
-
Dividends
1 438
1 672
-
-
withholding
356
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.

20
23
-
-
total
376
437
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 117
1 215
962
1 282
After tax
1 333
1 235
1 488
1 168
Living cost
271
271
271
271
Free-cash
1 062
964
1 217
897

Estimated living cost  is £271 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£1404
£1424
£1576
£1529
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
-
-
-
612
social contributions
-
-
-
145
health
-
-
-
62
total
-
-
-
819
Employee
688
688
2 330
-
income
75
64
602
-
social contributions
26
57
77
-
health
5
12
40
-
total
106
133
719
-
Employer
688
688
2 330
-
social contributions
26
57
77
-
health
6
13
43
-
total
32
70
120
-
Corporate
2 105
1 693
-
-
income
263
212
-
-
total
263
212
-
-
Dividends
1 842
1 481
-
-
withholding
313
252
-
-
total
313
252
-
-
Income
2 450
2 450
2 450
2 450
Total tax
714
667
839
819
After tax
1 736
1 783
1 611
1 631
Living cost
207
207
207
207
Free-cash
1 529
1 576
1 404
1 424

Estimated living cost  is £207 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£768
£976
£1113
£1104
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
-
-
-
343
social contributions

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

-
-
-
851
surtax
-
-
-
-
total
-
-
-
1 194
Employee
411
-
1 980
-
income
86
-
704
-
social contributions
45
-
218
-
surtax
-
-
10
-
total
131
-
932
-
Employer
411
-
1 980
-
social contributions
98
-
470
-
total
98
-
470
-
Corporate
1 941
2 450
-
-
income
408
515
-
-
surtax
-
-
-
-
total
408
515
-
-
Dividends
1 533
1 935
-
-
withholding
429
542
-
-
total
429
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 066
1 057
1 402
1 194
After tax
1 384
1 393
1 048
1 256
Living cost
280
280
280
280
Free-cash
1 104
1 113
768
976

Estimated living cost  is £280 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£1896
£2360
£2264
£2252
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.

-
-
-
26
total
-
-
-
26
Employee
80
-
2 450
-
income
16
-
490
-
total
16
-
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%.

2 370
2 450
-
-
total
-
-
-
-
Dividends
2 370
2 450
-
-
withholding
118
122
-
-
total
118
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
134
122
490
26
After tax
2 316
2 328
1 960
2 424
Living cost
64
64
64
64
Free-cash
2 252
2 264
1 896
2 360

Estimated living cost  is £64 per week

£40
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.
£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.
£17
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
£798
£851
£1447
£1372
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
income
-
-
-
667
health
-
-
-
241
unemployment
-
-
-
4
pensions
-
-
-
447
total
-
-
-
1 359
Employee

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

395
-
2 120
-
income
68
-
613
-
health
26
-
137
-
unemployment
1
-
3
-
pensions
61
-
329
-
total
156
-
1 082
-
Employer

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

395
-
2 120
-
unemployment
-
-
1
-
pensions
35
-
188
-
health
26
-
141
-
total
61
-
330
-
Corporate
1 993
2 450
-
-
income
379
465
-
-
total
379
465
-
-
Dividends
1 614
1 985
-
-
withholding
242
298
-
-
total
242
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
838
763
1 412
1 359
After tax
1 612
1 687
1 038
1 091
Living cost
240
240
240
240
Free-cash
1 372
1 447
798
851

Estimated living cost  is £240 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£1364
£1700
£1221
£1251
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.

-
-
-
58
total
-
-
-
425
Employee
410
-
2 409
-
social contributions
41
-
41
-
income
45
-
679
-
total
86
-
720
-
Employer
410
-
2 409
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
1 999
2 450
-
-
income
700
857
-
-
total
700
857
-
-
Dividends
1 299
1 593
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
874
904
761
425
After tax
1 576
1 546
1 689
2 025
Living cost
325
325
325
325
Free-cash
1 251
1 221
1 364
1 700

Estimated living cost  is £325 per week

£214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
£708
£1384
£1306
£1310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
367
social contributions
-
-
-
338
health
-
-
-
171
total
-
-
-
876
Employee
303
-
2 450
-
income
51
-
1 043
-
social contributions
42
-
338
-
health
21
-
171
-
total
114
-
1 552
-
Employer
303
-
2 450
-
total
-
-
-
-
Corporate
2 147
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
2 039
2 328
-
-
withholding
306
349
-
-
health
142
162
-
-
social contributions
281
321
-
-
total
729
832
-
-
Income
2 450
2 450
2 450
2 450
Total tax
950
954
1 552
876
After tax
1 500
1 496
898
1 574
Living cost
190
190
190
190
Free-cash
1 310
1 306
708
1 384

Estimated living cost  is £190 per week

£127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£1145
£1258
£1444
£1358
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
-
-
-
275
social contributions
-
-
-
283
solidarity contribution
-
-
-
61
health
-
-
-
331
total
-
-
-
950
Employee
356
-
2 025
-
solidarity contribution
-
-
50
-
income
43
-
253
-
social contributions
23
-
63
-
health
48
-
273
-
total
114
-
639
-
Employer
356
-
2 025
-
social contributions
89
-
242
-
health
32
-
182
-
total
121
-
424
-
Corporate
1 972
2 450
-
-
income
375
466
-
-
total
375
466
-
-
Dividends
1 598
1 984
-
-
withholding
240
298
-
-
total
240
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
850
764
1 063
950
After tax
1 600
1 686
1 387
1 500
Living cost
242
242
242
242
Free-cash
1 358
1 444
1 145
1 258

Estimated living cost  is £242 per week

£180
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.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£1860
£2324
£2228
£2209
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.

-
-
-
26
total
-
-
-
26
Employee
125
-
2 450
-
income
25
-
490
-
total
25
-
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%.

2 325
2 450
-
-
total
-
-
-
-
Dividends
2 325
2 450
-
-
withholding
116
122
-
-
total
116
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
141
122
490
26
After tax
2 309
2 328
1 960
2 424
Living cost
100
100
100
100
Free-cash
2 209
2 228
1 860
2 324

Estimated living cost  is £100 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£25
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
£770
£871
£803
£865
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
-
-
-
517
social contributions
-
-
-
70
health
-
-
-
131
surtax
-
-
-
-
pensions
-
-
-
353
other
-
-
-
76
total
-
-
-
1 147
Employee
560
-
1 850
-
income
49
-
446
-
social contributions
16
-
53
-
surtax
-
-
-
-
pensions
63
-
148
-
total
128
-
647
-
Employer
560
-
1 850
-
unemployment
23
-
75
-
social contributions
2
-
6
-
pensions
92
-
246
-
other
19
-
80
-
health
39
-
194
-
total
175
-
601
-
Corporate
1 715
2 450
-
-
income
480
686
-
-
surtax
-
-
-
-
total
480
686
-
-
Dividends
1 235
1 764
-
-
withholding
158
226
-
-
surtax
-
-
-
-
social contributions
212
303
-
-
total
370
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 153
1 215
1 248
1 147
After tax
1 297
1 235
1 202
1 303
Living cost
432
432
432
432
Free-cash
865
803
770
871

Estimated living cost  is £432 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£1472
£1472
£1616
£1572
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
income
-
-
-
575
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
171
total
-
-
-
824
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.

233
-
2 332
-
income
32
-
575
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
92
-
total
79
-
706
-
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.

233
-
2 332
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
2 176
2 450
-
-
income
326
368
-
-
total
326
368
-
-
Dividends
1 849
2 082
-
-
withholding
277
312
-
-
total
277
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
724
680
824
824
After tax
1 726
1 770
1 626
1 626
Living cost
154
154
154
154
Free-cash
1 572
1 616
1 472
1 472

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£1210
£1269
£497
£763
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
regional
-
-
-
157
national
-
-
-
95
health
-
-
-
6
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
pensions
-
-
-
225
total
-
-
-
557
Employee
730
-
2 220
-
regional
24
-
143
-
city
8
-
24
-
health
2
-
5
-
unemployment
-
-
-
-
national
3
-
83
-
pensions
61
-
156
-
total
98
-
411
-
Employer
730
-
2 220
-
unemployment
-
-
-
-
pensions
61
-
156
-
other

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

15
-
44
-
health
2
-
5
-
total
78
-
205
-
Corporate
1 634
2 450
-
-
regional
346
518
-
-
national
139
208
-
-
total
485
726
-
-
Dividends
1 150
1 724
-
-
withholding
402
603
-
-
total
402
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 063
1 329
616
557
After tax
1 387
1 121
1 834
1 893
Living cost
624
624
624
624
Free-cash
763
497
1 210
1 269

Estimated living cost  is £624 per week

£406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£155
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
£830
£1110
£1120
£1165
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
national
-
-
-
528
health
-
-
-
34
total
-
-
-
997
Employee
470
-
2 061
-
health
4
-
28
-
unemployment
7
-
31
-
national
8
-
355
-
municipal
77
-
335
-
pensions
32
-
139
-
total
128
-
888
-
Employer
470
-
2 061
-
unemployment
3
-
13
-
pensions
82
-
358
-
accident
-
-
2
-
health
4
-
16
-
total
89
-
389
-
Corporate
1 891
2 450
-
-
income
378
490
-
-
total
378
490
-
-
Dividends

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

1 134
1 470
-
-
national
143
232
-
-
municipal
204
265
-
-
total
347
497
-
-
Income
2 450
2 450
2 450
2 450
Total tax
942
987
1 277
997
After tax
1 508
1 463
1 173
1 453
Living cost
343
343
343
343
Free-cash
1 165
1 120
830
1 110

Estimated living cost  is £343 per week

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

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
£487
£741
£994
£908
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
national
-
-
-
1 026
social contributions
-
-
-
223
communal

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

-
-
-
134
total
-
-
-
1 383
Employee

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

640
-
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.

33
-
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
-
national
197
-
737
-
pensions

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

48
-
142
-
total
314
-
1 084
-
Employer

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

640
-
1 898
-
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
-
pensions

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

57
-
168
-
surtax
73
-
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
-
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
-
117
-
total
186
-
553
-
Corporate
1 624
2 450
-
-
income
325
558
-
-
surtax
6
11
-
-
total
331
569
-
-
Dividends
1 293
1 881
-
-
withholding

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

385
561
-
-
total
385
561
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 216
1 130
1 637
1 383
After tax
1 234
1 320
813
1 067
Living cost
326
326
326
326
Free-cash
908
994
487
741

Estimated living cost  is £326 per week

£210
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£832
£840
£971
£961
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
-
-
-
661
national
-
-
-
349
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
87
other
-
-
-
93
total
-
-
-
1 243
Employee
523
-
2 197
-
national
-
-
344
-
municipal
156
-
655
-
total
156
-
999
-
Employer
523
-
2 197
-
unemployment
14
-
21
-
pensions
57
-
87
-
other
61
-
93
-
accident
1
-
2
-
health
32
-
49
-
total
165
-
252
-
Corporate
1 763
2 450
-
-
income
388
539
-
-
total
388
539
-
-
Dividends
1 375
1 911
-
-
withholding
413
573
-
-
total
413
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 122
1 112
1 251
1 243
After tax
1 328
1 338
1 199
1 207
Living cost
367
367
367
367
Free-cash
961
971
832
840

Estimated living cost  is £367 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
£1928
£1293
£1091
£649
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
574
-
-
-
income
127
-
-
-
social contributions
47
-
7
-
total
174
-
7
-
Employer
574
-
-
-
social contributions
809
-
115
-
total
809
-
115
-
Corporate
1 067
2 450
-
-
income
235
539
-
-
total
235
539
-
-
Dividends
832
1 911
-
-
income
183
420
-
-
total
183
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 401
959
122
757
After tax
1 049
1 491
2 328
1 693
Living cost
400
400
400
400
Free-cash
649
1 091
1 928
1 293

Estimated living cost  is £400 per week

£260
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.
£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
Limassol , Cyprus
£1321
£1341
£1493
£1459
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
-
-
-
612
social contributions
-
-
-
145
health
-
-
-
62
total
-
-
-
819
Employee
688
688
2 330
-
income
72
64
602
-
social contributions
33
57
77
-
health
7
12
40
-
total
112
133
719
-
Employer
688
688
2 330
-
social contributions
33
57
77
-
health
7
13
43
-
total
40
70
120
-
Corporate
2 007
1 693
-
-
income
251
212
-
-
total
251
212
-
-
Dividends
1 756
1 481
-
-
withholding
298
252
-
-
total
298
252
-
-
Income
2 450
2 450
2 450
2 450
Total tax
701
667
839
819
After tax
1 749
1 783
1 611
1 631
Living cost
290
290
290
290
Free-cash
1 459
1 493
1 321
1 341

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£1016
£1232
£1181
£1233
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
-
income
81
-
653
-
health
6
-
27
-
pensions
34
-
112
-
total
121
-
792
-
Employer
445
-
2 132
-
pensions
45
-
278
-
health
8
-
40
-
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
£746
£819
£935
£895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
18
regional
-
-
-
64
national
-
-
-
745
social contributions
-
-
-
448
total
-
-
-
1 275
Employee
754
-
2 450
-
regional
11
-
59
-
social contributions
254
-
587
-
national
127
-
685
-
municipal
4
-
17
-
total
396
-
1 348
-
Employer
754
-
2 450
-
total
-
-
-
-
Corporate
1 696
2 450
-
-
nationa
407
588
-
-
municipal
82
118
-
-
total
489
706
-
-
Dividends
1 208
1 744
-
-
withholding
314
453
-
-
total
314
453
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 199
1 159
1 348
1 275
After tax
1 251
1 291
1 102
1 175
Living cost
356
356
356
356
Free-cash
895
935
746
819

Estimated living cost  is £356 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£1182
£1488
£14
£170
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
-
-
-
720
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
778
Employee
290
-
2 265
-
income
40
-
576
-
health
33
-
259
-
pensions
33
-
64
-
total
106
-
899
-
Employer
290
-
2 265
-
unemployment
7
-
55
-
pensions
47
-
92
-
accident
5
-
38
-
total
59
-
185
-
Corporate
2 101
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.

1 891
2 205
-
-
total
1 891
2 205
-
-
Dividends
210
245
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 096
2 252
1 084
778
After tax
354
198
1 366
1 672
Living cost
184
184
184
184
Free-cash
170
14
1 182
1 488

Estimated living cost  is £184 per week

£135
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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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
£1143
£851
£915
£1030
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
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.

-
-
-
854
health

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

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

-
-
-
61
trade
-
-
-
292
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
-
-
-
1 254
Employee

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

445
-
2 450
-
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
-
854
-
health

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

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

61
-
61
-
surtax

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

2
-
47
-
total
100
-
962
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 005
2 450
-
-
chamber of commerce
4
5
-
-
income
301
367
-
-
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
-
-
trade
288
352
-
-
total
610
744
-
-
Dividends
1 396
1 706
-
-
withholding
346
423
-
-
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
365
446
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 075
1 190
962
1 254
After tax
1 375
1 260
1 488
1 196
Living cost
345
345
345
345
Free-cash
1 030
915
1 143
851

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
£902
£734
£1774
£1700
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
microenterprise
-
-
-
-
income
-
-
-
562
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.

-
-
-
343
surtax
-
-
-
625
total
-
-
-
1 530
Employee
261
-
1 976
-
income
47
-
484
-
social contributions

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

29
-
117
-
surtax
-
-
287
-
total
76
-
888
-
Employer
261
-
1 976
-
social contributions

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

63
-
257
-
surtax
-
-
217
-
total
63
-
474
-
Corporate
2 126
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%.

425
490
-
-
total
425
490
-
-
Dividends

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

1 701
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
564
490
1 362
1 530
After tax
1 886
1 960
1 088
920
Living cost
186
186
186
186
Free-cash
1 700
1 774
902
734

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£1399
£1407
£1412
£1392
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
-
-
-
779
health
-
-
-
62
pensions
-
-
-
85
total
-
-
-
926
Employee
178
-
2 354
-
income
34
-
775
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
838
-
Employer
178
-
2 354
-
unemployment
4
-
9
-
pensions
20
-
47
-
health
17
-
40
-
total
41
-
96
-
Corporate
2 232
2 450
-
-
income
491
539
-
-
total
491
539
-
-
Dividends
1 741
1 911
-
-
withholding
348
382
-
-
total
348
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
941
921
934
926
After tax
1 509
1 529
1 516
1 524
Living cost
117
117
117
117
Free-cash
1 392
1 412
1 399
1 407

Estimated living cost  is £117 per week

£69
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£892
£947
£1340
£1312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
830
health
-
-
-
85
unemployment
-
-
-
2
surtax
-
-
-
146
pensions
-
-
-
239
other
-
-
-
-
total
-
-
-
1 302
Employee
301
-
2 199
-
other
-
-
-
-
income
50
-
777
-
health
8
-
30
-
unemployment
21
-
83
-
surtax
1
-
136
-
pensions
20
-
80
-
total
100
-
1 106
-
Employer
301
-
2 199
-
unemployment
10
-
38
-
pensions
40
-
159
-
other
-
-
-
-
health
14
-
54
-
total
64
-
251
-
Corporate
2 085
2 450
-
-
income
542
637
-
-
total
542
637
-
-
Dividends
1 543
1 813
-
-
withholding
231
272
-
-
total
231
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
937
909
1 357
1 302
After tax
1 513
1 541
1 093
1 148
Living cost
201
201
201
201
Free-cash
1 312
1 340
892
947

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£348
£965
£1062
£1057
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
-
-
-
862
chamber of commerce
-
-
-
10
health
-
-
-
80
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
193
total
-
-
-
1 200
Employee
391
356
2 074
-
other
4
4
10
-
income
35
26
744
-
health
15
14
40
-
unemployment
12
11
31
-
pensions
40
36
107
-
total
106
91
932
-
Employer
391
356
2 074
-
unemployment
12
11
31