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
£ 2500
per

Your estimated
City
free-cash

Dresden , Germany
£996
£1094
£920
£1250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
330
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.

-
-
-
880
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.

-
-
-
59
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.

-
-
-
48
total
-
-
-
1 317
Employee

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

332
-
2 500
-
income

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

9
-
880
-
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
-
48
-
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.

59
-
59
-
total
69
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 168
2 500
-
-
income
325
375
-
-
surtax

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

18
21
-
-
trade
341
394
-
-
chamber of commerce
4
5
-
-
total
688
795
-
-
Dividends
1 479
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.

20
23
-
-
withholding
366
423
-
-
total
386
446
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 143
1 241
987
1 317
After tax
1 357
1 259
1 513
1 183
Living cost
263
263
263
263
Free-cash
1 094
996
1 250
920

Estimated living cost  is £263 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1088
£1080
£923
£936
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
-
-
-
2 500
municipal
-
-
-
280
national
-
-
-
498
pensions
-
-
-
300
social contributions
-
-
-
27
total
-
-
-
1 105
Employee
731
-
2 161
-
national
140
-
520
-
pensions
29
-
86
-
municipal
90
-
290
-
total
259
-
896
-
Employer
731
-
2 161
-
social contributions
8
-
23
-
pensions
59
-
173
-
total
67
-
196
-
Corporate
1 654
2 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

331
500
-
-
total
331
500
-
-
Dividends
1 323
2 000
-
-
withholding
291
440
-
-
total
291
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
948
940
1 092
1 105
After tax
1 552
1 560
1 408
1 395
Living cost
472
472
472
472
Free-cash
1 080
1 088
936
923

Estimated living cost  is £472 per week

£321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1819
£1748
£765
£935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 500
microenterprise
-
-
-
-
income
-
-
-
584
surtax
-
-
-
637
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.

-
-
-
333
total
-
-
-
1 554
Employee
254
-
2 028
-
social contributions

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

28
-
114
-
income
45
-
504
-
surtax
-
-
294
-
total
73
-
912
-
Employer
254
-
2 028
-
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.

61
-
249
-
surtax
-
-
223
-
total
61
-
472
-
Corporate
2 185
2 500
-
-
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%.

437
500
-
-
total
437
500
-
-
Dividends

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

1 748
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
571
500
1 384
1 554
After tax
1 929
2 000
1 116
946
Living cost
181
181
181
181
Free-cash
1 748
1 819
935
765

Estimated living cost  is £181 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£887
£835
£949
£1234
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
-
-
-
2 500
income
-
-
-
978
health
-
-
-
107
pensions
-
-
-
102
total
-
-
-
1 187
Employee
742
742
2 339
-
pensions
134
102
102
-
income

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

121
121
532
-
health
114
97
107
-
total
369
320
741
-
Employer
742
742
2 339
-
health
52
52
64
-
pensions
52
52
64
-
unemployment
27
27
33
-
total
131
131
161
-
Corporate
1 637
1 628
-
-
income
327
326
-
-
total
327
326
-
-
Dividends
1 310
1 303
-
-
income
278
277
-
-
withholding
196
195
-
-
total
474
472
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 301
1 249
902
1 187
After tax
1 199
1 251
1 598
1 313
Living cost
364
364
364
364
Free-cash
835
887
1 234
949

Estimated living cost  is £364 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£1018
£1009
£876
£869
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
-
-
-
2 500
municipal
-
-
-
680
national
-
-
-
376
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
48
pensions
-
-
-
82
other
-
-
-
88
total
-
-
-
1 277
Employee
495
-
2 261
-
national
-
-
371
-
municipal
148
-
674
-
total
148
-
1 045
-
Employer
495
-
2 261
-
health
30
-
47
-
pensions
54
-
82
-
accident
1
-
2
-
other
58
-
88
-
unemployment
13
-
20
-
total
156
-
239
-
Corporate
1 849
2 500
-
-
income
407
550
-
-
total
407
550
-
-
Dividends
1 442
1 950
-
-
withholding
433
585
-
-
total
433
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 144
1 135
1 284
1 277
After tax
1 356
1 365
1 216
1 223
Living cost
347
347
347
347
Free-cash
1 009
1 018
869
876

Estimated living cost  is £347 per week

£230
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£905
£1028
£827
£1172
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.

-
-
-
2 500
trade
-
-
-
345
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.

-
-
-
880
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.

-
-
-
59
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.

-
-
-
48
total
-
-
-
1 332
Employee

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

441
-
2 500
-
income

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

38
-
880
-
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
-
48
-
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.

59
-
59
-
total
99
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 059
2 500
-
-
income
309
375
-
-
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
21
-
-
trade
339
411
-
-
chamber of commerce
4
5
-
-
total
669
812
-
-
Dividends
1 390
1 688
-
-
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
419
-
-
total
363
442
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 131
1 254
987
1 332
After tax
1 369
1 246
1 513
1 168
Living cost
341
341
341
341
Free-cash
1 028
905
1 172
827

Estimated living cost  is £341 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1540
£1503
£1378
£1359
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
-
-
-
2 500
income
-
-
-
635
health
-
-
-
64
social contributions
-
-
-
141
total
-
-
-
840
Employee
668
668
2 381
-
social contributions
32
55
75
-
income
70
62
625
-
health
7
11
40
-
total
109
128
740
-
Employer
668
668
2 381
-
social contributions
32
55
75
-
health
7
12
44
-
total
39
67
119
-
Corporate
2 069
1 764
-
-
income
259
221
-
-
total
259
221
-
-
Dividends
1 811
1 544
-
-
withholding
308
262
-
-
total
308
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
715
678
859
840
After tax
1 785
1 822
1 641
1 660
Living cost
282
282
282
282
Free-cash
1 503
1 540
1 359
1 378

Estimated living cost  is £282 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1232
£1236
£1561
£1279
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
-
-
-
2 500
unemployment
-
-
-
37
income
-
-
-
306
health
-
-
-
175
pensions
-
-
-
250
total
-
-
-
768
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

247
98
2 092
-
pensions
25
10
209
-
unemployment
4
1
31
-
income
30
12
256
-
health
17
7
146
-
total
76
30
642
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

247
98
2 092
-
pensions
48
19
408
-
total
48
19
408
-
Corporate
2 205
2 383
-
-
income
198
214
-
-
total
198
214
-
-
Dividends
2 007
2 168
-
-
social contributions
390
422
-
-
withholding
381
412
-
-
total
771
834
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 093
1 097
1 050
768
After tax
1 407
1 403
1 450
1 732
Living cost
171
171
171
171
Free-cash
1 236
1 232
1 279
1 561

Estimated living cost  is £171 per week

£117
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1790
£1736
£1130
£1231
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
-
-
-
2 500
income
-
-
-
335
health
-
-
-
325
pensions
-
-
-
500
total
-
-
-
1 160
Employee
246
-
1 868
-
pensions
5
-
37
-
unemployment
4
-
30
-
income
28
-
360
-
total
37
-
427
-
Employer
246
-
1 868
-
health
32
-
243
-
pensions
49
-
374
-
unemployment
2
-
15
-
total
83
-
632
-
Corporate
2 170
2 500
-
-
income
434
500
-
-
total
434
500
-
-
Dividends
1 736
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
554
500
1 059
1 160
After tax
1 946
2 000
1 441
1 340
Living cost
210
210
210
210
Free-cash
1 736
1 790
1 231
1 130

Estimated living cost  is £210 per week

£144
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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£12
£173
£1516
£1202
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
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
health
-
-
-
19
pensions
-
-
-
36
other
-
-
-
3
total
-
-
-
794
Employee
299
-
2 310
-
pensions
34
-
66
-
income
41
-
587
-
health
34
-
264
-
total
109
-
917
-
Employer
299
-
2 310
-
pensions
49
-
95
-
accident
5
-
39
-
unemployment
7
-
57
-
total
61
-
191
-
Corporate
2 140
2 500
-
-
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.

1 926
2 250
-
-
total
1 926
2 250
-
-
Dividends
214
250
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 137
2 298
1 108
794
After tax
363
202
1 392
1 706
Living cost
190
190
190
190
Free-cash
173
12
1 202
1 516

Estimated living cost  is £190 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2301
£2287
£2401
£1926
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%.

-
-
-
2 500
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
93
-
2 500
-
income
19
-
500
-
total
19
-
500
-
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%.

2 407
2 500
-
-
total
-
-
-
-
Dividends
2 407
2 500
-
-
withholding
120
125
-
-
total
120
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
139
125
500
25
After tax
2 361
2 375
2 000
2 475
Living cost
74
74
74
74
Free-cash
2 287
2 301
1 926
2 401

Estimated living cost  is £74 per week

£46
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1606
£1548
£1352
£1334
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
-
-
-
2 500
income
-
-
-
479
health
-
-
-
58
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.

-
-
-
317
other
-
-
-
63
total
-
-
-
917
Employee
315
-
2 160
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
income
54
-
472
-
health
4
-
18
-
total
83
-
595
-
Employer
315
-
2 160
-
health
4
-
18
-
pensions

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

54
-
225
-
accident
3
-
17
-
other
16
-
66
-
unemployment
3
-
13
-
total
80
-
339
-
Corporate
2 105
2 500
-
-
income
442
525
-
-
total
442
525
-
-
Dividends
1 663
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
934
917
After tax
1 779
1 837
1 566
1 583
Living cost
231
231
231
231
Free-cash
1 548
1 606
1 334
1 352

Estimated living cost  is £231 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£949
£1018
£1001
£781
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
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
826
-
2 175
-
pensions
80
-
113
-
income
149
-
669
-
health
14
-
28
-
total
243
-
810
-
Employer
826
-
2 175
-
health
16
-
41
-
pensions
98
-
284
-
total
114
-
325
-
Corporate
1 560
2 500
-
-
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.

296
475
-
-
total
296
475
-
-
Dividends
1 264
2 025
-
-
withholding
245
492
-
-
total
245
492
-
-
Income
2 500
2 500
2 500
2 500
Total tax
898
967
1 135
915
After tax
1 602
1 533
1 365
1 585
Living cost
584
584
584
584
Free-cash
1 018
949
781
1 001

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£2024
£1983
£1930
£2039
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
-
-
-
2 500
unemployment
-
-
-
1
income
-
-
-
375
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
456
Employee
151
-
2 440
-
pensions

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

13
-
27
-
income
15
-
244
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
37
-
288
-
Employer
151
-
2 440
-
health
10
-
21
-
pensions

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

17
-
33
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
30
-
59
-
Corporate
2 320
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 088
2 250
-
-
withholding
104
112
-
-
total
104
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
403
362
347
456
After tax
2 097
2 138
2 153
2 044
Living cost
114
114
114
114
Free-cash
1 983
2 024
2 039
1 930

Estimated living cost  is £114 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£769
£793
£831
£1116
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
-
-
-
2 500
income
-
-
-
978
health
-
-
-
107
pensions
-
-
-
102
total
-
-
-
1 187
Employee
805
742
2 339
-
pensions
102
102
102
-
income

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

121
121
532
-
health
100
97
107
-
total
323
320
741
-
Employer
805
742
2 339
-
health
56
52
64
-
pensions
56
52
64
-
unemployment
29
27
33
-
total
141
131
161
-
Corporate
1 553
1 628
-
-
income
311
326
-
-
total
311
326
-
-
Dividends
1 243
1 303
-
-
income
264
277
-
-
withholding
186
195
-
-
total
450
472
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 225
1 249
902
1 187
After tax
1 275
1 251
1 598
1 313
Living cost
482
482
482
482
Free-cash
793
769
1 116
831

Estimated living cost  is £482 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1505
£1427
£1302
£1187
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
-
-
-
2 500
solidarity contribution
-
-
-
55
income
-
-
-
278
health
-
-
-
337
social contributions
-
-
-
312
total
-
-
-
982
Employee
318
-
2 049
-
social contributions
21
-
69
-
income
38
-
255
-
solidarity contribution
-
-
45
-
health
43
-
277
-
total
102
-
646
-
Employer
318
-
2 049
-
social contributions
80
-
267
-
health
29
-
184
-
total
109
-
451
-
Corporate
2 073
2 500
-
-
income
394
475
-
-
total
394
475
-
-
Dividends
1 679
2 025
-
-
withholding
252
304
-
-
total
252
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
857
779
1 097
982
After tax
1 643
1 721
1 403
1 518
Living cost
217
217
217
217
Free-cash
1 427
1 505
1 187
1 302

Estimated living cost  is £217 per week

£150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£966
£922
£872
£799
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
-
-
-
2 500
municipal
-
-
-
17
national
-
-
-
775
regional
-
-
-
34
social contributions
-
-
-
435
total
-
-
-
1 261
Employee
772
-
2 500
-
national
134
-
717
-
social contributions
260
-
570
-
municipal
4
-
15
-
regional
7
-
32
-
total
405
-
1 334
-
Employer
772
-
2 500
-
total
-
-
-
-
Corporate
1 728
2 500
-
-
municipal
67
98
-
-
nationa
415
600
-
-
total
482
698
-
-
Dividends
1 246
1 802
-
-
withholding
324
469
-
-
total
324
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 211
1 167
1 334
1 261
After tax
1 289
1 333
1 166
1 239
Living cost
367
367
367
367
Free-cash
922
966
799
872

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£1381
£1354
£978
£924
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
-
-
-
2 500
unemployment
-
-
-
2
income
-
-
-
861
health
-
-
-
82
surtax
-
-
-
153
pensions
-
-
-
232
other
-
-
-
-
total
-
-
-
1 330
Employee
287
-
2 256
-
pensions
19
-
77
-
unemployment
20
-
81
-
income
48
-
809
-
other
-
-
-
-
surtax
1
-
142
-
health
7
-
30
-
total
95
-
1 139
-
Employer
287
-
2 256
-
health
13
-
53
-
pensions
38
-
155
-
other
-
-
-
-
unemployment
9
-
37
-
total
60
-
245
-
Corporate
2 152
2 500
-
-
income
560
650
-
-
total
560
650
-
-
Dividends
1 593
1 850
-
-
withholding
239
277
-
-
total
239
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
954
927
1 384
1 330
After tax
1 546
1 573
1 116
1 170
Living cost
192
192
192
192
Free-cash
1 354
1 381
924
978

Estimated living cost  is £192 per week

£117
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1134
£1191
£1186
£966
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
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
554
-
2 175
-
pensions
47
-
113
-
income
100
-
669
-
health
8
-
28
-
total
155
-
810
-
Employer
554
-
2 175
-
health
11
-
41
-
pensions
60
-
284
-
total
71
-
325
-
Corporate
1 876
2 500
-
-
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.

356
475
-
-
total
356
475
-
-
Dividends
1 519
2 025
-
-
withholding
328
492
-
-
total
328
492
-
-
Income
2 500
2 500
2 500
2 500
Total tax
910
967
1 135
915
After tax
1 590
1 533
1 365
1 585
Living cost
399
399
399
399
Free-cash
1 191
1 134
966
1 186

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£464
£754
£1264
£1198
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
-
-
-
2 500
city
-
-
-
26
national
-
-
-
90
regional
-
-
-
156
health
-
-
-
6
pensions
-
-
-
230
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.

-
-
-
50
total
-
-
-
558
Employee
793
-
2 262
-
national
4
-
78
-
city
9
-
25
-
pensions
67
-
162
-
unemployment
-
-
-
-
health
2
-
5
-
regional
26
-
142
-
total
108
-
412
-
Employer
793
-
2 262
-
health
2
-
5
-
pensions
67
-
162
-
other

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

16
-
45
-
unemployment
-
-
-
-
total
85
-
212
-
Corporate
1 614
2 500
-
-
national
137
213
-
-
regional
341
529
-
-
total
478
742
-
-
Dividends
1 135
1 759
-
-
withholding
397
616
-
-
total
397
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 068
1 358
624
558
After tax
1 432
1 142
1 876
1 942
Living cost
678
678
678
678
Free-cash
754
464
1 198
1 264

Estimated living cost  is £678 per week

£441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£61
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.
£168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£835
£978
£756
£1115
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.

-
-
-
2 500
trade
-
-
-
359
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.

-
-
-
880
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.

-
-
-
59
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.

-
-
-
48
total
-
-
-
1 346
Employee

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

522
-
2 500
-
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.

61
-
880
-
surtax

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

3
-
48
-
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.

59
-
59
-
total
123
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 978
2 500
-
-
income
297
375
-
-
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
21
-
-
trade
339
429
-
-
chamber of commerce
4
5
-
-
total
656
830
-
-
Dividends
1 322
1 671
-
-
surtax

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

18
23
-
-
withholding
327
414
-
-
total
345
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 124
1 267
987
1 346
After tax
1 376
1 233
1 513
1 154
Living cost
398
398
398
398
Free-cash
978
835
1 115
756

Estimated living cost  is £398 per week

£291
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.
£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

Additional information

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

Source of data for Munich model

Close
Nice , France
£963
£1015
£1024
£915
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
-
-
-
2 500
income
-
-
-
541
health
-
-
-
136
surtax
-
-
-
-
pensions
-
-
-
353
other
-
-
-
78
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
372
-
1 883
-
pensions
42
-
152
-
social contributions
11
-
54
-
income
22
-
464
-
surtax
-
-
-
-
total
75
-
670
-
Employer
372
-
1 883
-
social contributions
1
-
6
-
health
26
-
200
-
pensions
61
-
253
-
other
13
-
83
-
unemployment
15
-
76
-
total
116
-
618
-
Corporate
2 012
2 500
-
-
income
563
700
-
-
surtax
-
-
-
-
total
563
700
-
-
Dividends
1 449
1 800
-
-
social contributions
249
310
-
-
surtax
-
-
-
-
withholding
185
230
-
-
total
434
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 188
1 240
1 288
1 179
After tax
1 312
1 260
1 212
1 321
Living cost
297
297
297
297
Free-cash
1 015
963
915
1 024

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£992
£1041
£1053
£944
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
-
-
-
2 500
income
-
-
-
541
health
-
-
-
136
surtax
-
-
-
-
pensions
-
-
-
353
other
-
-
-
78
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
332
-
1 883
-
pensions
38
-
152
-
social contributions
9
-
54
-
income
17
-
464
-
surtax
-
-
-
-
total
64
-
670
-
Employer
332
-
1 883
-
social contributions
1
-
6
-
health
23
-
200
-
pensions
55
-
253
-
other
11
-
83
-
unemployment
13
-
76
-
total
103
-
618
-
Corporate
2 064
2 500
-
-
income
578
700
-
-
surtax
-
-
-
-
total
578
700
-
-
Dividends
1 486
1 800
-
-
social contributions
256
310
-
-
surtax
-
-
-
-
withholding
190
230
-
-
total
446
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 191
1 240
1 288
1 179
After tax
1 309
1 260
1 212
1 321
Living cost
268
268
268
268
Free-cash
1 041
992
944
1 053

Estimated living cost  is £268 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1341
£1346
£1421
£727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
health
-
-
-
175
social contributions
-
-
-
345
total
-
-
-
895
Employee
295
-
2 500
-
social contributions
41
-
345
-
income
49
-
1 069
-
health
21
-
175
-
total
111
-
1 589
-
Employer
295
-
2 500
-
total
-
-
-
-
Corporate
2 205
2 500
-
-
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%.

110
125
-
-
total
110
125
-
-
Dividends
2 095
2 375
-
-
social contributions
289
328
-
-
health
146
166
-
-
withholding
314
356
-
-
total
749
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
970
975
1 589
895
After tax
1 530
1 525
911
1 605
Living cost
184
184
184
184
Free-cash
1 346
1 341
727
1 421

Estimated living cost  is £184 per week

£123
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.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£1071
£1055
£965
£335
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
-
-
-
2 500
unemployment
-
-
-
53
income
-
-
-
898
chamber of commerce
-
-
-
10
health
-
-
-
78
surtax
-
-
-
2
pensions
-
-
-
188
total
-
-
-
1 229
Employee
434
346
2 125
-
pensions
44
35
104
-
unemployment
13
10
30
-
income
49
26
778
-
other
4
3
10
-
health
17
13
39
-
total
127
87
961
-
Employer
434
346
2 125
-
chamber of commerce
2
1
9
-
health
16
13
38
-
payroll
13
10
64
-
pensions
54
43
127
-
surtax
2
2
2
-
accident
6
5
13
-
other
21
16
92
-
unemployment
13
10
30
-
total
127
100
375
-
Corporate
1 939
2 052
2 092
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

485
513
523
-
total
485
513
523
-
Dividends
1 454
1 539
-
-
withholding
400
423
-
-
total
400
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 139
1 123
1 859
1 229
After tax
1 361
1 377
641
1 271
Living cost
306
306
306
306
Free-cash
1 055
1 071
335
965

Estimated living cost  is £306 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£1024
£947
£773
£509
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
-
-
-
2 500
national
-
-
-
1 056
communal

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

-
-
-
137
social contributions
-
-
-
217
total
-
-
-
1 410
Employee

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

621
-
1 936
-
national
191
-
756
-
pensions

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

47
-
145
-
communal

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

32
-
101
-
unemployment

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

5
-
17
-
health

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

29
-
91
-
total
304
-
1 110
-
Employer

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

621
-
1 936
-
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.

38
-
119
-
pensions

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

55
-
172
-
surtax
70
-
220
-
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
180
-
564
-
Corporate
1 698
2 500
-
-
income
344
577
-
-
surtax
7
12
-
-
total
351
589
-
-
Dividends
1 347
1 912
-
-
withholding

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

401
570
-
-
total
401
570
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 236
1 159
1 674
1 410
After tax
1 264
1 341
826
1 090
Living cost
317
317
317
317
Free-cash
947
1 024
509
773

Estimated living cost  is £317 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£1341
£1282
£1078
£1043
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
-
-
-
2 500
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
total
-
-
-
1 108
Employee
433
-
2 243
-
pensions
20
-
38
-
unemployment
7
-
12
-
income
91
-
836
-
other
-
-
1
-
total
118
-
887
-
Employer
433
-
2 243
-
pensions
102
-
190
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
total
138
-
256
-
Corporate
1 930
2 500
-
-
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.

289
375
-
-
total
289
375
-
-
Dividends
1 640
2 125
-
-
withholding
359
470
-
-
total
359
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
904
845
1 143
1 108
After tax
1 596
1 655
1 357
1 392
Living cost
314
314
314
314
Free-cash
1 282
1 341
1 043
1 078

Estimated living cost  is £314 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£896
£775
£711
£774
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
-
-
-
2 500
accident
-
-
-
17
income
-
-
-
563
communal
-
-
-
158
health
-
-
-
143
surtax
-
-
-
131
pensions
-
-
-
305
total
-
-
-
1 317
Employee
658
-
2 253
-
pensions
53
-
165
-
income
64
-
610
-
surtax
40
-
140
-
health
29
-
92
-
total
186
-
1 007
-
Employer
658
-
2 253
-
health
20
-
63
-
pensions
53
-
165
-
accident
6
-
19
-
total
79
-
247
-
Corporate
1 763
2 500
-
-
income
265
375
-
-
surtax
19
26
-
-
communal
119
169
-
-
total
403
570
-
-
Dividends
1 361
1 930
-
-
income
381
273
-
-
withholding
204
289
-
-
total
585
562
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 253
1 132
1 254
1 317
After tax
1 247
1 368
1 246
1 183
Living cost
472
472
472
472
Free-cash
775
896
774
711

Estimated living cost  is £472 per week

£354
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

Source of data for Luxembourg model

Close
Athens , Greece
£1378
£1351
£975
£921
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
-
-
-
2 500
unemployment
-
-
-
2
income
-
-
-
861
health
-
-
-
82
surtax
-
-
-
153
pensions
-
-
-
232
other
-
-
-
-
total
-
-
-
1 330
Employee
293
-
2 256
-
pensions
20
-
77
-
unemployment
20
-
81
-
income
49
-
809
-
other
-
-
-
-
surtax
1
-
142
-
health
7
-
30
-
total
97
-
1 139
-
Employer
293
-
2 256
-
health
13
-
53
-
pensions
39
-
155
-
other
-
-
-
-
unemployment
9
-
37
-
total
61
-
245
-
Corporate
2 146
2 500
-
-
income
558
650
-
-
total
558
650
-
-
Dividends
1 588
1 850
-
-
withholding
238
277
-
-
total
238
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
954
927
1 384
1 330
After tax
1 546
1 573
1 116
1 170
Living cost
195
195
195
195
Free-cash
1 351
1 378
921
975

Estimated living cost  is £195 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£1080
£1061
£997
£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
-
-
-
2 500
municipal
-
-
-
17
national
-
-
-
775
regional
-
-
-
42
social contributions
-
-
-
435
total
-
-
-
1 269
Employee
482
-
2 500
-
national
76
-
717
-
social contributions
163
-
570
-
municipal
3
-
15
-
regional
6
-
39
-
total
248
-
1 341
-
Employer
482
-
2 500
-
total
-
-
-
-
Corporate
2 018
2 500
-
-
municipal
100
124
-
-
nationa
484
600
-
-
total
584
724
-
-
Dividends
1 433
1 776
-
-
withholding
373
462
-
-
total
373
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 205
1 186
1 341
1 269
After tax
1 295
1 314
1 159
1 231
Living cost
234
234
234
234
Free-cash
1 061
1 080
925
997

Estimated living cost  is £234 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1454
£1359
£1251
£1136
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
-
-
-
2 500
solidarity contribution
-
-
-
55
income
-
-
-
278
health
-
-
-
337
social contributions
-
-
-
312
total
-
-
-
982
Employee
392
-
2 049
-
social contributions
26
-
69
-
income
47
-
255
-
solidarity contribution
-
-
45
-
health
53
-
277
-
total
126
-
646
-
Employer
392
-
2 049
-
social contributions
98
-
267
-
health
35
-
184
-
total
133
-
451
-
Corporate
1 974
2 500
-
-
income
375
475
-
-
total
375
475
-
-
Dividends
1 599
2 025
-
-
withholding
240
304
-
-
total
240
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
874
779
1 097
982
After tax
1 626
1 721
1 403
1 518
Living cost
267
267
267
267
Free-cash
1 359
1 454
1 136
1 251

Estimated living cost  is £267 per week

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

Source of data for Prague model

Close
Graz , Austria
£1100
£1093
£996
£365
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
-
-
-
2 500
unemployment
-
-
-
53
income
-
-
-
898
chamber of commerce
-
-
-
10
health
-
-
-
78
surtax
-
-
-
-
pensions
-
-
-
188
total
-
-
-
1 227
Employee
380
346
2 127
-
pensions
39
35
104
-
unemployment
11
10
30
-
income
34
26
779
-
other
4
3
10
-
health
15
13
39
-
total
103
87
962
-
Employer
380
346
2 127
-
chamber of commerce
2
1
9
-
health
14
13
38
-
payroll
11
10
64
-
pensions
48
43
127
-
surtax
-
-
-
-
accident
5
5
13
-
other
18
16
92
-
unemployment
11
10
30
-
total
109
98
373
-
Corporate
2 011
2 054
2 094
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

503
514
523
-
total
503
514
523
-
Dividends
1 508
1 541
-
-
withholding
415
424
-
-
total
415
424
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 130
1 123
1 858
1 227
After tax
1 370
1 377
642
1 273
Living cost
277
277
277
277
Free-cash
1 093
1 100
365
996

Estimated living cost  is £277 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2259
£2237
£2359
£1884
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%.

-
-
-
2 500
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
145
-
2 500
-
income
29
-
500
-
total
29
-
500
-
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%.

2 355
2 500
-
-
total
-
-
-
-
Dividends
2 355
2 500
-
-
withholding
118
125
-
-
total
118
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
147
125
500
25
After tax
2 353
2 375
2 000
2 475
Living cost
116
116
116
116
Free-cash
2 237
2 259
1 884
2 359

Estimated living cost  is £116 per week

£78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1488
£1414
£869
£817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 500
unemployment
-
-
-
4
income
-
-
-
691
health
-
-
-
246
pensions
-
-
-
457
total
-
-
-
1 398
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.

384
-
2 163
-
pensions
60
-
335
-
unemployment
1
-
3
-
income
66
-
636
-
health
25
-
140
-
total
152
-
1 114
-
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.

384
-
2 163
-
health
26
-
144
-
pensions
34
-
191
-
unemployment
-
-
1
-
total
60
-
336
-
Corporate
2 056
2 500
-
-
income
391
475
-
-
total
391
475
-
-
Dividends
1 665
2 025
-
-
withholding
250
304
-
-
total
250
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
853
779
1 450
1 398
After tax
1 647
1 721
1 050
1 102
Living cost
233
233
233
233
Free-cash
1 414
1 488
817
869

Estimated living cost  is £233 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£1112
£662
£1319
£1966
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
-
-
-
2 500
income
-
-
-
487
social contributions
-
-
-
285
total
-
-
-
772
Employee
587
-
-
-
social contributions
48
-
7
-
income
129
-
-
-
total
177
-
7
-
Employer
587
-
-
-
social contributions
827
-
118
-
total
827
-
118
-
Corporate
1 086
2 500
-
-
income
239
550
-
-
total
239
550
-
-
Dividends
847
1 950
-
-
income
186
429
-
-
total
186
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 429
979
125
772
After tax
1 071
1 521
2 375
1 728
Living cost
409
409
409
409
Free-cash
662
1 112
1 966
1 319

Estimated living cost  is £409 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£1149
£1140
£1003
£788
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.

-
-
-
2 500
income
-
-
-
355
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 224
Employee
400
-
2 020
-
social contributions
44
-
222
-
income
83
-
725
-
surtax
-
-
12
-
total
127
-
959
-
Employer
400
-
2 020
-
social contributions
95
-
480
-
total
95
-
480
-
Corporate
2 006
2 500
-
-
income
421
525
-
-
surtax
-
-
-
-
total
421
525
-
-
Dividends
1 584
1 975
-
-
withholding
444
553
-
-
total
444
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 087
1 078
1 439
1 224
After tax
1 413
1 422
1 061
1 276
Living cost
273
273
273
273
Free-cash
1 140
1 149
788
1 003

Estimated living cost  is £273 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£840
£900
£901
£792
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
-
-
-
2 500
income
-
-
-
541
health
-
-
-
136
surtax
-
-
-
-
pensions
-
-
-
353
other
-
-
-
78
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
544
-
1 883
-
pensions
62
-
152
-
social contributions
15
-
54
-
income
47
-
464
-
surtax
-
-
-
-
total
124
-
670
-
Employer
544
-
1 883
-
social contributions
2
-
6
-
health
38
-
200
-
pensions
89
-
253
-
other
19
-
83
-
unemployment
22
-
76
-
total
170
-
618
-
Corporate
1 786
2 500
-
-
income
500
700
-
-
surtax
-
-
-
-
total
500
700
-
-
Dividends
1 286
1 800
-
-
social contributions
221
310
-
-
surtax
-
-
-
-
withholding
165
230
-
-
total
386
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 180
1 240
1 288
1 179
After tax
1 320
1 260
1 212
1 321
Living cost
420
420
420
420
Free-cash
900
840
792
901

Estimated living cost  is £420 per week

£284
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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1989
£1960
£1547
£1613
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
-
-
-
2 500
income
-
-
-
142
social contributions
-
-
-
550
total
-
-
-
692
Employee
279
-
2 165
-
social contributions
18
-
141
-
income
-
-
150
-
total
18
-
291
-
Employer
279
-
2 165
-
social contributions
43
-
335
-
total
43
-
335
-
Corporate
2 177
2 500
-
-
income
218
250
-
-
total
218
250
-
-
Dividends
1 960
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
279
250
626
692
After tax
2 221
2 250
1 874
1 808
Living cost
261
261
261
261
Free-cash
1 960
1 989
1 613
1 547

Estimated living cost  is £261 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£611
£295
£1001
£611
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
-
-
-
2 500
municipal
-
-
-
550
national
-
-
-
325
labour market
-
-
-
199
pensions
-
-
-
8
total
-
-
-
1 082
Employee
1 762
1 762
1 762
-
national
215
215
215
-
pensions
3
3
3
-
municipal
375
375
375
-
labour market
141
141
141
-
total
734
734
734
-
Employer
1 762
1 762
1 762
-
municipal
376
376
376
-
labour market
141
141
141
-
national
216
216
216
-
pensions
5
5
5
-
total
738
738
738
-
Corporate
611
-
-
-
income
134
-
-
-
total
134
-
-
-
Dividends
477
-
-
-
withholding
182
-
-
-
total
182
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 788
1 472
1 472
1 082
After tax
712
1 028
1 028
1 418
Living cost
417
417
417
417
Free-cash
295
611
611
1 001

Estimated living cost  is £417 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Copenhagen model

Close
Krakow , Poland
£14
£174
£1518
£1204
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
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
health
-
-
-
19
pensions
-
-
-
36
other
-
-
-
3
total
-
-
-
794
Employee
295
-
2 310
-
pensions
33
-
66
-
income
40
-
587
-
health
34
-
264
-
total
107
-
917
-
Employer
295
-
2 310
-
pensions
48
-
95
-
accident
5
-
39
-
unemployment
7
-
57
-
total
60
-
191
-
Corporate
2 145
2 500
-
-
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.

1 930
2 250
-
-
total
1 930
2 250
-
-
Dividends
214
250
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 138
2 298
1 108
794
After tax
362
202
1 392
1 706
Living cost
188
188
188
188
Free-cash
174
14
1 204
1 518

Estimated living cost  is £188 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£1148
£1200
£1137
£851
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

-
-
-
2 500
municipal
-
-
-
444
national
-
-
-
550
health
-
-
-
35
total
-
-
-
1 029
Employee
457
-
2 103
-
national
8
-
373
-
pensions
31
-
142
-
unemployment
7
-
32
-
municipal
75
-
342
-
health
3
-
29
-
total
124
-
918
-
Employer
457
-
2 103
-
health
4
-
16
-
pensions
79
-
365
-
accident
-
-
2
-
unemployment
3
-
14
-
total
86
-
397
-
Corporate
1 957
2 500
-
-
income
391
500
-
-
total
391
500
-
-
Dividends

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

1 174
1 500
-
-
municipal
211
270
-
-
national
154
248
-
-
total
365
518
-
-
Income
2 500
2 500
2 500
2 500
Total tax
966
1 018
1 315
1 029
After tax
1 534
1 482
1 185
1 471
Living cost
334
334
334
334
Free-cash
1 200
1 148
851
1 137

Estimated living cost  is £334 per week

£218
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1621
£1572
£1459
£1440
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
-
-
-
2 500
income
-
-
-
635
health
-
-
-
64
social contributions
-
-
-
141
total
-
-
-
840
Employee
668
668
2 381
-
social contributions
25
55
75
-
income
73
62
625
-
health
5
11
40
-
total
103
128
740
-
Employer
668
668
2 381
-
social contributions
25
55
75
-
health
6
12
44
-
total
31
67
119
-
Corporate
2 165
1 764
-
-
income
271
221
-
-
total
271
221
-
-
Dividends
1 894
1 544
-
-
withholding
322
262
-
-
total
322
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
727
678
859
840
After tax
1 773
1 822
1 641
1 660
Living cost
201
201
201
201
Free-cash
1 572
1 621
1 440
1 459

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.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1932
£1887
£2014
£1839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 500
unemployment
-
-
-
-
income
-
-
-
262
health
-
-
-
31
pensions
-
-
-
55
total
-
-
-
348
Employee

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

199
-
2 415
-
pensions
30
-
124
-
unemployment
1
-
4
-
income
14
-
241
-
health
17
-
70
-
total
62
-
439
-
Employer

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

199
-
2 415
-
health
9
-
35
-
pensions
11
-
45
-
unemployment
1
-
4
-
total
21
-
84
-
Corporate
2 280
2 500
-
-
income
205
225
-
-
total
205
225
-
-
Dividends
2 075
2 275
-
-
withholding
187
205
-
-
total
187
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
475
430
523
348
After tax
2 025
2 070
1 977
2 152
Living cost
138
138
138
138
Free-cash
1 887
1 932
1 839
2 014

Estimated living cost  is £138 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£1416
£1378
£1153
£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
-
-
-
2 500
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
total
-
-
-
1 108
Employee
321
-
2 243
-
pensions
15
-
38
-
unemployment
5
-
12
-
income
62
-
836
-
other
-
-
1
-
total
82
-
887
-
Employer
321
-
2 243
-
pensions
76
-
190
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
total
103
-
256
-
Corporate
2 076
2 500
-
-
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.

311
375
-
-
total
311
375
-
-
Dividends
1 765
2 125
-
-
withholding
387
470
-
-
total
387
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
883
845
1 143
1 108
After tax
1 617
1 655
1 357
1 392
Living cost
239
239
239
239
Free-cash
1 378
1 416
1 118
1 153

Estimated living cost  is £239 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1545
£1544
£1601
£1599
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
-
-
-
2 500
income
-
-
-
865
health
-
-
-
8
pensions
-
-
-
11
total
-
-
-
884
Employee
22
-
2 488
-
pensions
2
-
5
-
unemployment
-
-
1
-
income
4
-
865
-
health
1
-
3
-
total
7
-
874
-
Employer
22
-
2 488
-
health
2
-
5
-
pensions
2
-
6
-
unemployment
-
-
1
-
total
4
-
12
-
Corporate
2 472
2 500
-
-
income
544
550
-
-
total
544
550
-
-
Dividends
1 929
1 950
-
-
withholding
386
390
-
-
total
386
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
941
940
886
884
After tax
1 559
1 560
1 614
1 616
Living cost
15
15
15
15
Free-cash
1 544
1 545
1 599
1 601

Estimated living cost  is £15 per week

£9
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£4
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1656
£1612
£1518
£1518
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.

-
-
-
2 500
unemployment
-
-
-
10
income
-
-
-
589
health
-
-
-
66
pensions
-
-
-
167
total
-
-
-
832
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.

226
-
2 385
-
pensions
32
-
90
-
unemployment
2
-
5
-
income
31
-
589
-
health
12
-
33
-
total
77
-
717
-
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.

226
-
2 385
-
health
12
-
33
-
pensions
27
-
77
-
unemployment
2
-
5
-
total
41
-
115
-
Corporate
2 233
2 500
-
-
income
335
375
-
-
total
335
375
-
-
Dividends
1 898
2 125
-
-
withholding
285
319
-
-
total
285
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
738
694
832
832
After tax
1 762
1 806
1 668
1 668
Living cost
150
150
150
150
Free-cash
1 612
1 656
1 518
1 518

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£1188
£1185
£1042
£827
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.

-
-
-
2 500
income
-
-
-
355
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 224
Employee
337
-
2 020
-
social contributions
37
-
222
-
income
66
-
725
-
surtax
-
-
12
-
total
103
-
959
-
Employer
337
-
2 020
-
social contributions
80
-
480
-
total
80
-
480
-
Corporate
2 083
2 500
-
-
income
437
525
-
-
surtax
-
-
-
-
total
437
525
-
-
Dividends
1 645
1 975
-
-
withholding
461
553
-
-
total
461
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 081
1 078
1 439
1 224
After tax
1 419
1 422
1 061
1 276
Living cost
234
234
234
234
Free-cash
1 185
1 188
827
1 042

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£1350
£1294
£1087
£1052
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
-
-
-
2 500
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
total
-
-
-
1 108
Employee
420
-
2 243
-
pensions
20
-
38
-
unemployment
6
-
12
-
income
88
-
836
-
other
-
-
1
-
total
114
-
887
-
Employer
420
-
2 243
-
pensions
99
-
190
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
total
133
-
256
-
Corporate
1 947
2 500
-
-
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.

292
375
-
-
total
292
375
-
-
Dividends
1 655
2 125
-
-
withholding
362
470
-
-
total
362
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
901
845
1 143
1 108
After tax
1 599
1 655
1 357
1 392
Living cost
305
305
305
305
Free-cash
1 294
1 350
1 052
1 087

Estimated living cost  is £305 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1989
£1936
£1895
£2004
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
-
-
-
2 500
unemployment
-
-
-
1
income
-
-
-
375
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
456
Employee
198
-
2 440
-
pensions

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

17
-
27
-
income
20
-
244
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
48
-
288
-
Employer
198
-
2 440
-
health
14
-
21
-
pensions

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

22
-
33
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
59
-
Corporate
2 263
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 037
2 250
-
-
withholding
102
112
-
-
total
102
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
415
362
347
456
After tax
2 085
2 138
2 153
2 044
Living cost
149
149
149
149
Free-cash
1 936
1 989
2 004
1 895

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Sofia model

Close
Berlin , Germany
£949
£1063
£877
£1178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
301
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.

-
-
-
880
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.

-
-
-
59
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.

-
-
-
48
total
-
-
-
1 288
Employee

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

432
-
2 500
-
income

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

36
-
880
-
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
-
48
-
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.

59
-
59
-
total
97
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 068
2 500
-
-
income
310
375
-
-
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
21
-
-
trade
297
359
-
-
chamber of commerce
4
5
-
-
total
628
760
-
-
Dividends
1 439
1 741
-
-
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
24
-
-
withholding
357
432
-
-
total
377
456
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 102
1 216
987
1 288
After tax
1 398
1 284
1 513
1 212
Living cost
335
335
335
335
Free-cash
1 063
949
1 178
877

Estimated living cost  is £335 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1255
£1274
£709
£709
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
-
-
-
2 500
income
-
-
-
856
social contributions
-
-
-
440
total
-
-
-
1 296
Employee
680
-
2 500
-
social contributions
56
-
440
-
income
128
-
856
-
total
184
-
1 296
-
Employer
680
-
2 500
-
total
-
-
-
-
Corporate
1 820
2 500
-
-
income
228
312
-
-
total
228
312
-
-
Dividends
1 593
2 188
-
-
withholding
319
438
-
-
total
319
438
-
-
Income
2 500
2 500
2 500
2 500
Total tax
731
750
1 296
1 296
After tax
1 769
1 750
1 204
1 204
Living cost
495
495
495
495
Free-cash
1 274
1 255
709
709

Estimated living cost  is £495 per week

£377
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1264
£1294
£1757
£1403
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.

-
-
-
2 500
income
-
-
-
375
health

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

-
-
-
53
total
-
-
-
428
Employee
399
-
2 460
-
social contributions
40
-
40
-
income
43
-
702
-
total
83
-
742
-
Employer
399
-
2 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
2 062
2 500
-
-
income
722
875
-
-
total
722
875
-
-
Dividends
1 340
1 625
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 500
2 500
2 500
2 500
Total tax
891
921
782
428
After tax
1 609
1 579
1 718
2 072
Living cost
315
315
315
315
Free-cash
1 294
1 264
1 403
1 757

Estimated living cost  is £315 per week

£208
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1209
£1261
£1261
£1041
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
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
445
-
2 175
-
pensions
34
-
113
-
income
81
-
669
-
health
6
-
28
-
total
121
-
810
-
Employer
445
-
2 175
-
health
8
-
41
-
pensions
45
-
284
-
total
53
-
325
-
Corporate
2 001
2 500
-
-
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.

380
475
-
-
total
380
475
-
-
Dividends
1 621
2 025
-
-
withholding
361
492
-
-
total
361
492
-
-
Income
2 500
2 500
2 500
2 500
Total tax
915
967
1 135
915
After tax
1 585
1 533
1 365
1 585
Living cost
324
324
324
324
Free-cash
1 261
1 209
1 041
1 261

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£4
£172
£1500
£1186
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
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
health
-
-
-
19
pensions
-
-
-
36
other
-
-
-
3
total
-
-
-
794
Employee
324
-
2 310
-
pensions
36
-
66
-
income
44
-
587
-
health
37
-
264
-
total
117
-
917
-
Employer
324
-
2 310
-
pensions
53
-
95
-
accident
5
-
39
-
unemployment
8
-
57
-
total
66
-
191
-
Corporate
2 110
2 500
-
-
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.

1 899
2 250
-
-
total
1 899
2 250
-
-
Dividends
211
250
-
-
withholding
40
48
-
-
total
40
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 122
2 298
1 108
794
After tax
378
202
1 392
1 706
Living cost
206
206
206
206
Free-cash
172
-4
1 186
1 500

Estimated living cost  is £206 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1796
£1769
£1573
£1766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
2 500
unemployment
-
-
-
17
health insurance
-
-
-
103
income
-
-
-
427
work injury
-
-
-
7
pensions
-
-
-
256
total
-
-
-
810
Employee

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

188
-
2 500
-
work injury
1
-
3
-
pensions
35
-
128
-
unemployment
2
-
8
-
income
19
-
427
-
health insurance
14
-
51
-
total
71
-
617
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 312
2 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

231
250
-
-
total
231
250
-
-
Dividends
2 081
2 250
-
-
withholding
312
337
-
-
total
312
337
-
-
Income
2 500
2 500
2 500
2 500
Total tax
614
587
617
810
After tax
1 886
1 913
1 883
1 690
Living cost
117
117
117
117
Free-cash
1 769
1 796
1 766
1 573

Estimated living cost  is £117 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£970
£932
£859
£789
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
-
-
-
2 500
municipal
-
-
-
19
national
-
-
-
775
regional
-
-
-
66
social contributions
-
-
-
435
total
-
-
-
1 295
Employee
732
-
2 500
-
national
124
-
717
-
social contributions
247
-
570
-
municipal
4
-
17
-
regional
11
-
61
-
total
386
-
1 365
-
Employer
732
-
2 500
-
total
-
-
-
-
Corporate
1 768
2 500
-
-
municipal
85
121
-
-
nationa
424
600
-
-
total
509
721
-
-
Dividends
1 258
1 779
-
-
withholding
327
463
-
-
total
327
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 222
1 184
1 365
1 295
After tax
1 278
1 316
1 135
1 205
Living cost
346
346
346
346
Free-cash
932
970
789
859

Estimated living cost  is £346 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close