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
£918
£994
£1091
£1248
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
health

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

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

-
-
-
60
trade
-
-
-
330
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
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.

-
-
-
879
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.

335
-
2 500
-
health

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

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

60
-
60
-
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
-
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
-
879
-
total
70
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 165
2 500
-
-
trade
341
394
-
-
chamber of commerce
4
5
-
-
surtax

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

18
21
-
-
income
325
375
-
-
total
688
795
-
-
Dividends
1 477
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
1 144
1 241
987
1 317
After tax
1 356
1 259
1 513
1 183
Living cost
265
265
265
265
Free-cash
1 091
994
1 248
918

Estimated living cost  is £265 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£930
£1098
£1090
£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
municipal
-
-
-
280
social contributions
-
-
-
27
national
-
-
-
501
pensions
-
-
-
300
total
-
-
-
1 108
Employee
717
-
2 161
-
pensions
29
-
86
-
national
137
-
522
-
municipal
89
-
290
-
total
255
-
898
-
Employer
717
-
2 161
-
pensions
57
-
173
-
social contributions
8
-
23
-
total
65
-
196
-
Corporate
1 671
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%.

334
500
-
-
total
334
500
-
-
Dividends
1 337
2 000
-
-
withholding
294
440
-
-
total
294
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
948
940
1 094
1 108
After tax
1 552
1 560
1 406
1 392
Living cost
462
462
462
462
Free-cash
1 090
1 098
944
930

Estimated living cost  is £462 per week

£314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£764
£1818
£1745
£933
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
social contributions

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

-
-
-
335
income
-
-
-
582
microenterprise
-
-
-
-
surtax
-
-
-
637
total
-
-
-
1 554
Employee
256
-
2 026
-
surtax
-
-
294
-
social contributions

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

28
-
115
-
income
46
-
502
-
total
74
-
911
-
Employer
256
-
2 026
-
surtax
-
-
223
-
social contributions

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

62
-
251
-
total
62
-
474
-
Corporate
2 183
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.

1 746
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
573
500
1 385
1 554
After tax
1 927
2 000
1 115
946
Living cost
182
182
182
182
Free-cash
1 745
1 818
933
764

Estimated living cost  is £182 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£946
£884
£831
£1230
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
health
-
-
-
108
pensions
-
-
-
103
income
-
-
-
976
total
-
-
-
1 187
Employee
748
748
2 337
-
health
115
98
108
-
pensions
135
103
103
-
income

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

122
122
529
-
total
372
323
740
-
Employer
748
748
2 337
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
1 631
1 622
-
-
income
326
324
-
-
total
326
324
-
-
Dividends
1 305
1 297
-
-
income
277
276
-
-
withholding
196
195
-
-
total
473
471
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 302
1 249
903
1 187
After tax
1 198
1 251
1 597
1 313
Living cost
367
367
367
367
Free-cash
831
884
1 230
946

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£861
£996
£987
£852
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
health
-
-
-
50
accident
-
-
-
2
other
-
-
-
94
municipal
-
-
-
676
pensions
-
-
-
87
national
-
-
-
360
unemployment
-
-
-
1
total
-
-
-
1 270
Employee
525
-
2 246
-
national
-
-
355
-
municipal
157
-
670
-
total
157
-
1 025
-
Employer
525
-
2 246
-
health
32
-
50
-
accident
1
-
2
-
pensions
57
-
87
-
other
61
-
94
-
unemployment
14
-
21
-
total
165
-
254
-
Corporate
1 810
2 500
-
-
income
398
550
-
-
total
398
550
-
-
Dividends
1 412
1 950
-
-
withholding
424
585
-
-
total
424
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 144
1 135
1 279
1 270
After tax
1 356
1 365
1 221
1 230
Living cost
369
369
369
369
Free-cash
987
996
852
861

Estimated living cost  is £369 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£825
£902
£1026
£1169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
health

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

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

-
-
-
60
trade
-
-
-
344
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
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.

-
-
-
879
total
-
-
-
1 331
Employee

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

444
-
2 500
-
health

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

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

60
-
60
-
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
-
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
-
879
-
total
100
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 056
2 500
-
-
trade
338
411
-
-
chamber of commerce
4
5
-
-
surtax

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

17
21
-
-
income
308
375
-
-
total
667
812
-
-
Dividends
1 388
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
1 130
1 254
987
1 331
After tax
1 370
1 246
1 513
1 169
Living cost
344
344
344
344
Free-cash
1 026
902
1 169
825

Estimated living cost  is £344 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1376
£1537
£1500
£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
health
-
-
-
64
social contributions
-
-
-
142
income
-
-
-
634
total
-
-
-
840
Employee
673
673
2 381
-
health
7
11
40
-
social contributions
33
56
75
-
income
71
62
623
-
total
111
129
738
-
Employer
673
673
2 381
-
health
7
12
44
-
social contributions
33
56
75
-
total
40
68
119
-
Corporate
2 066
1 759
-
-
income
258
220
-
-
total
258
220
-
-
Dividends
1 808
1 539
-
-
withholding
307
262
-
-
total
307
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
716
679
857
840
After tax
1 784
1 821
1 643
1 660
Living cost
284
284
284
284
Free-cash
1 500
1 537
1 359
1 376

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£1571
£1243
£1247
£1289
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
health
-
-
-
175
pensions
-
-
-
250
unemployment
-
-
-
37
income
-
-
-
306
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.

232
92
2 092
-
health
16
6
146
-
pensions
23
9
209
-
unemployment
3
1
31
-
income
28
11
256
-
total
70
27
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.

232
92
2 092
-
pensions
45
18
408
-
total
45
18
408
-
Corporate
2 222
2 389
-
-
income
200
215
-
-
total
200
215
-
-
Dividends
2 022
2 174
-
-
social contributions
393
423
-
-
withholding
384
413
-
-
total
777
836
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 092
1 096
1 050
768
After tax
1 408
1 404
1 450
1 732
Living cost
161
161
161
161
Free-cash
1 247
1 243
1 289
1 571

Estimated living cost  is £161 per week

£110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1129
£1789
£1734
£1230
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
health
-
-
-
325
pensions
-
-
-
500
income
-
-
-
335
total
-
-
-
1 160
Employee
248
-
1 868
-
pensions
5
-
37
-
unemployment
4
-
30
-
income
28
-
360
-
total
37
-
427
-
Employer
248
-
1 868
-
health
32
-
243
-
pensions
50
-
374
-
unemployment
2
-
15
-
total
84
-
632
-
Corporate
2 168
2 500
-
-
income
434
500
-
-
total
434
500
-
-
Dividends
1 734
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
555
500
1 059
1 160
After tax
1 945
2 000
1 441
1 340
Living cost
211
211
211
211
Free-cash
1 734
1 789
1 230
1 129

Estimated living cost  is £211 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
£1511
£8
£173
£1194
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
733
total
-
-
-
794
Employee
306
-
2 307
-
health
35
-
264
-
pensions
34
-
68
-
income
42
-
585
-
total
111
-
917
-
Employer
306
-
2 307
-
accident
5
-
39
-
pensions
50
-
98
-
unemployment
8
-
57
-
total
63
-
194
-
Corporate
2 131
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.

1 918
2 250
-
-
total
1 918
2 250
-
-
Dividends
213
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 132
2 297
1 111
794
After tax
368
203
1 389
1 706
Living cost
195
195
195
195
Free-cash
173
8
1 194
1 511

Estimated living cost  is £195 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2403
£2303
£2290
£1928
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
90
-
2 500
-
income
18
-
500
-
total
18
-
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%.

2 410
2 500
-
-
total
-
-
-
-
Dividends
2 410
2 500
-
-
withholding
120
125
-
-
total
120
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
138
125
500
25
After tax
2 362
2 375
2 000
2 475
Living cost
72
72
72
72
Free-cash
2 290
2 303
1 928
2 403

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
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
£1348
£1604
£1546
£1329
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
health
-
-
-
59
other
-
-
-
63
pensions

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

-
-
-
319
income
-
-
-
478
total
-
-
-
919
Employee
318
-
2 158
-
health
4
-
19
-
pensions

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

22
-
93
-
unemployment
3
-
13
-
income
55
-
471
-
total
84
-
596
-
Employer
318
-
2 158
-
health
4
-
19
-
accident
3
-
17
-
pensions

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

54
-
226
-
other
16
-
67
-
unemployment
3
-
13
-
total
80
-
342
-
Corporate
2 102
2 500
-
-
income
441
525
-
-
total
441
525
-
-
Dividends
1 661
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
938
919
After tax
1 779
1 837
1 562
1 581
Living cost
233
233
233
233
Free-cash
1 546
1 604
1 329
1 348

Estimated living cost  is £233 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£1001
£949
£1018
£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
pensions
-
-
-
98
income
-
-
-
817
total
-
-
-
915
Employee
826
-
2 175
-
health
14
-
28
-
pensions
80
-
113
-
income
149
-
669
-
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
£1930
£2023
£1983
£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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
375
total
-
-
-
456
Employee
151
-
2 440
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
244
-
total
37
-
288
-
Employer
151
-
2 440
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
33
-
unemployment
1
-
2
-
total
30
-
59
-
Corporate
2 320
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 088
2 250
-
-
withholding
104
113
-
-
total
104
113
-
-
Income
2 500
2 500
2 500
2 500
Total tax
403
363
347
456
After tax
2 097
2 137
2 153
2 044
Living cost
114
114
114
114
Free-cash
1 983
2 023
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
£828
£766
£790
£1112
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
health
-
-
-
108
pensions
-
-
-
103
income
-
-
-
976
total
-
-
-
1 187
Employee
812
748
2 337
-
health
101
98
108
-
pensions
103
103
103
-
income

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

122
122
529
-
total
326
323
740
-
Employer
812
748
2 337
-
health
56
52
65
-
pensions
56
52
65
-
unemployment
29
27
33
-
total
141
131
163
-
Corporate
1 546
1 622
-
-
income
309
324
-
-
total
309
324
-
-
Dividends
1 237
1 297
-
-
income
263
276
-
-
withholding
186
195
-
-
total
449
471
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 225
1 249
903
1 187
After tax
1 275
1 251
1 597
1 313
Living cost
485
485
485
485
Free-cash
790
766
1 112
828

Estimated living cost  is £485 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1301
£1504
£1426
£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
health
-
-
-
337
social contributions
-
-
-
312
solidarity contribution
-
-
-
55
income
-
-
-
278
total
-
-
-
982
Employee
318
-
2 049
-
health
43
-
277
-
solidarity contribution
-
-
44
-
social contributions
21
-
69
-
income
38
-
255
-
total
102
-
645
-
Employer
318
-
2 049
-
health
29
-
184
-
social contributions
80
-
267
-
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
1 096
982
After tax
1 643
1 721
1 404
1 518
Living cost
217
217
217
217
Free-cash
1 426
1 504
1 187
1 301

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
£870
£965
£920
£795
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
regional
-
-
-
34
municipal
-
-
-
16
social contributions
-
-
-
438
national
-
-
-
773
total
-
-
-
1 261
Employee
778
-
2 500
-
regional
7
-
32
-
national
135
-
715
-
social contributions
262
-
574
-
municipal
4
-
15
-
total
408
-
1 336
-
Employer
778
-
2 500
-
total
-
-
-
-
Corporate
1 722
2 500
-
-
nationa
413
600
-
-
municipal
67
97
-
-
total
480
697
-
-
Dividends
1 242
1 803
-
-
withholding
323
469
-
-
total
323
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 211
1 166
1 336
1 261
After tax
1 289
1 334
1 164
1 239
Living cost
369
369
369
369
Free-cash
920
965
795
870

Estimated living cost  is £369 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£977
£1380
£1352
£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
health
-
-
-
83
other
-
-
-
-
pensions
-
-
-
234
unemployment
-
-
-
2
income
-
-
-
859
surtax
-
-
-
152
total
-
-
-
1 330
Employee
289
-
2 254
-
health
7
-
30
-
pensions
19
-
78
-
unemployment
20
-
81
-
surtax
1
-
142
-
income
49
-
806
-
other
-
-
-
-
total
96
-
1 137
-
Employer
289
-
2 254
-
health
13
-
53
-
pensions
39
-
156
-
other
-
-
-
-
unemployment
9
-
37
-
total
61
-
246
-
Corporate
2 150
2 500
-
-
income
559
650
-
-
total
559
650
-
-
Dividends
1 591
1 850
-
-
withholding
239
277
-
-
total
239
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
955
927
1 383
1 330
After tax
1 545
1 573
1 117
1 170
Living cost
193
193
193
193
Free-cash
1 352
1 380
924
977

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1186
£1134
£1191
£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
pensions
-
-
-
98
income
-
-
-
817
total
-
-
-
915
Employee
554
-
2 175
-
health
8
-
28
-
pensions
47
-
113
-
income
100
-
669
-
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
£1236
£428
£735
£1166
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
health
-
-
-
6
city
-
-
-
26
other

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

-
-
-
50
regional
-
-
-
153
pensions
-
-
-
230
national
-
-
-
85
total
-
-
-
550
Employee
835
-
2 260
-
health
2
-
5
-
regional
27
-
138
-
pensions
70
-
165
-
unemployment
-
-
-
-
national
4
-
72
-
city
9
-
25
-
total
112
-
405
-
Employer
835
-
2 260
-
health
2
-
5
-
pensions
70
-
165
-
other

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

17
-
45
-
unemployment
-
-
-
-
total
89
-
215
-
Corporate
1 567
2 500
-
-
national
133
213
-
-
regional
331
529
-
-
total
464
742
-
-
Dividends
1 102
1 759
-
-
withholding
386
616
-
-
total
386
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 051
1 358
620
550
After tax
1 449
1 142
1 880
1 950
Living cost
714
714
714
714
Free-cash
735
428
1 166
1 236

Estimated living cost  is £714 per week

£464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£177
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
£753
£832
£975
£1112
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
health

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

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

-
-
-
60
trade
-
-
-
359
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
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.

-
-
-
879
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.

526
-
2 500
-
health

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

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

60
-
60
-
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
-
income

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

62
-
879
-
total
125
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 974
2 500
-
-
trade
339
429
-
-
chamber of commerce
4
5
-
-
surtax

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

16
21
-
-
income
296
375
-
-
total
655
830
-
-
Dividends
1 319
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
326
414
-
-
total
344
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
401
401
401
401
Free-cash
975
832
1 112
753

Estimated living cost  is £401 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£1024
£961
£1013
£916
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
health
-
-
-
136
other
-
-
-
77
pensions
-
-
-
354
social contributions
-
-
-
71
income
-
-
-
539
surtax
-
-
-
-
total
-
-
-
1 177
Employee
375
-
1 884
-
pensions
42
-
152
-
surtax
-
-
-
-
social contributions
11
-
54
-
income
22
-
463
-
total
75
-
669
-
Employer
375
-
1 884
-
health
26
-
199
-
pensions
62
-
252
-
other
13
-
83
-
social contributions
1
-
6
-
unemployment
15
-
76
-
total
117
-
616
-
Corporate
2 008
2 500
-
-
surtax
-
-
-
-
income
562
700
-
-
total
562
700
-
-
Dividends
1 446
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
1 285
1 177
After tax
1 312
1 260
1 215
1 323
Living cost
299
299
299
299
Free-cash
1 013
961
916
1 024

Estimated living cost  is £299 per week

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

Source of data for Nice model

Close
Marseille , France
£1053
£990
£1038
£945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
health
-
-
-
136
other
-
-
-
77
pensions
-
-
-
354
social contributions
-
-
-
71
income
-
-
-
539
surtax
-
-
-
-
total
-
-
-
1 177
Employee
334
-
1 884
-
pensions
38
-
152
-
surtax
-
-
-
-
social contributions
10
-
54
-
income
17
-
463
-
total
65
-
669
-
Employer
334
-
1 884
-
health
23
-
199
-
pensions
55
-
252
-
other
12
-
83
-
social contributions
1
-
6
-
unemployment
14
-
76
-
total
105
-
616
-
Corporate
2 061
2 500
-
-
surtax
-
-
-
-
income
577
700
-
-
total
577
700
-
-
Dividends
1 484
1 800
-
-
social contributions
255
310
-
-
surtax
-
-
-
-
withholding
190
230
-
-
total
445
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 192
1 240
1 285
1 177
After tax
1 308
1 260
1 215
1 323
Living cost
270
270
270
270
Free-cash
1 038
990
945
1 053

Estimated living cost  is £270 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£1419
£1339
£1343
£725
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
health
-
-
-
175
social contributions
-
-
-
345
income
-
-
-
375
total
-
-
-
895
Employee
297
-
2 500
-
health
21
-
175
-
social contributions
41
-
345
-
income
50
-
1 069
-
total
112
-
1 589
-
Employer
297
-
2 500
-
total
-
-
-
-
Corporate
2 203
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
2 093
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
971
975
1 589
895
After tax
1 529
1 525
911
1 605
Living cost
186
186
186
186
Free-cash
1 343
1 339
725
1 419

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£964
£1066
£1051
£331
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
health
-
-
-
78
pensions
-
-
-
189
unemployment
-
-
-
54
income
-
-
-
895
chamber of commerce
-
-
-
10
surtax
-
-
-
2
total
-
-
-
1 228
Employee
437
349
2 124
-
health
17
14
40
-
pensions
45
36
105
-
unemployment
13
10
31
-
income
50
26
775
-
other
4
3
10
-
total
129
89
961
-
Employer
437
349
2 124
-
payroll
13
10
64
-
health
17
13
39
-
surtax
2
2
2
-
accident
6
5
13
-
pensions
55
44
128
-
chamber of commerce
2
1
8
-
other
21
17
92
-
unemployment
13
10
31
-
total
129
102
377
-
Corporate
1 935
2 049
2 090
-
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.

484
512
523
-
total
484
512
523
-
Dividends
1 451
1 537
-
-
withholding
399
423
-
-
total
399
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 141
1 126
1 861
1 228
After tax
1 359
1 374
639
1 272
Living cost
308
308
308
308
Free-cash
1 051
1 066
331
964

Estimated living cost  is £308 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£771
£1022
£944
£507
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
social contributions
-
-
-
218
national
-
-
-
1 055
communal

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

-
-
-
137
total
-
-
-
1 410
Employee

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

626
-
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.

29
-
91
-
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
-
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
-
national
193
-
756
-
communal

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

33
-
101
-
total
307
-
1 110
-
Employer

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

626
-
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.

39
-
119
-
surtax
71
-
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
-
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
-
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
182
-
564
-
Corporate
1 692
2 500
-
-
surtax
7
12
-
-
income
341
576
-
-
total
348
588
-
-
Dividends
1 344
1 913
-
-
withholding

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

400
571
-
-
total
400
571
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 237
1 159
1 674
1 410
After tax
1 263
1 341
826
1 090
Living cost
319
319
319
319
Free-cash
944
1 022
507
771

Estimated living cost  is £319 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1076
£1339
£1279
£1040
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
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
864
total
-
-
-
1 108
Employee
436
-
2 241
-
pensions
20
-
38
-
unemployment
7
-
13
-
other
-
-
1
-
income
92
-
834
-
total
119
-
886
-
Employer
436
-
2 241
-
accident
9
-
16
-
pensions
103
-
191
-
other
3
-
6
-
unemployment
24
-
45
-
total
139
-
258
-
Corporate
1 925
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
1 637
2 125
-
-
withholding
358
470
-
-
total
358
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
905
845
1 144
1 108
After tax
1 595
1 655
1 356
1 392
Living cost
316
316
316
316
Free-cash
1 279
1 339
1 040
1 076

Estimated living cost  is £316 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£706
£893
£772
£768
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
health
-
-
-
144
accident
-
-
-
17
pensions
-
-
-
308
communal
-
-
-
158
income
-
-
-
560
surtax
-
-
-
131
total
-
-
-
1 318
Employee
663
-
2 251
-
health
30
-
93
-
pensions
53
-
167
-
surtax
41
-
139
-
income
64
-
607
-
total
188
-
1 006
-
Employer
663
-
2 251
-
health
20
-
64
-
accident
6
-
19
-
pensions
53
-
167
-
total
79
-
250
-
Corporate
1 758
2 500
-
-
communal
119
169
-
-
surtax
18
26
-
-
income
264
375
-
-
total
401
570
-
-
Dividends
1 357
1 930
-
-
income
380
271
-
-
withholding
204
290
-
-
total
584
561
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 252
1 131
1 256
1 318
After tax
1 248
1 369
1 244
1 182
Living cost
476
476
476
476
Free-cash
772
893
768
706

Estimated living cost  is £476 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£973
£1376
£1348
£920
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
health
-
-
-
83
other
-
-
-
-
pensions
-
-
-
234
unemployment
-
-
-
2
income
-
-
-
859
surtax
-
-
-
152
total
-
-
-
1 330
Employee
295
-
2 254
-
health
8
-
30
-
pensions
20
-
78
-
unemployment
21
-
81
-
surtax
1
-
142
-
income
49
-
806
-
other
-
-
-
-
total
99
-
1 137
-
Employer
295
-
2 254
-
health
13
-
53
-
pensions
39
-
156
-
other
-
-
-
-
unemployment
9
-
37
-
total
61
-
246
-
Corporate
2 143
2 500
-
-
income
557
650
-
-
total
557
650
-
-
Dividends
1 586
1 850
-
-
withholding
238
277
-
-
total
238
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
955
927
1 383
1 330
After tax
1 545
1 573
1 117
1 170
Living cost
197
197
197
197
Free-cash
1 348
1 376
920
973

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£995
£1078
£1058
£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
regional
-
-
-
42
municipal
-
-
-
16
social contributions
-
-
-
438
national
-
-
-
773
total
-
-
-
1 269
Employee
486
-
2 500
-
regional
7
-
39
-
national
77
-
715
-
social contributions
164
-
574
-
municipal
3
-
15
-
total
251
-
1 343
-
Employer
486
-
2 500
-
total
-
-
-
-
Corporate
2 014
2 500
-
-
nationa
483
600
-
-
municipal
100
124
-
-
total
583
724
-
-
Dividends
1 431
1 776
-
-
withholding
372
462
-
-
total
372
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 206
1 186
1 343
1 269
After tax
1 294
1 314
1 157
1 231
Living cost
236
236
236
236
Free-cash
1 058
1 078
921
995

Estimated living cost  is £236 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1251
£1454
£1359
£1137
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
health
-
-
-
337
social contributions
-
-
-
312
solidarity contribution
-
-
-
55
income
-
-
-
278
total
-
-
-
982
Employee
392
-
2 049
-
health
53
-
277
-
solidarity contribution
-
-
44
-
social contributions
26
-
69
-
income
47
-
255
-
total
126
-
645
-
Employer
392
-
2 049
-
health
35
-
184
-
social contributions
98
-
267
-
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
1 096
982
After tax
1 626
1 721
1 404
1 518
Living cost
267
267
267
267
Free-cash
1 359
1 454
1 137
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
£995
£1096
£1093
£360
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
health
-
-
-
78
pensions
-
-
-
189
unemployment
-
-
-
54
income
-
-
-
895
chamber of commerce
-
-
-
10
surtax
-
-
-
-
total
-
-
-
1 226
Employee
383
349
2 125
-
health
15
14
40
-
pensions
39
36
105
-
unemployment
11
10
31
-
income
34
26
776
-
other
4
3
10
-
total
103
89
962
-
Employer
383
349
2 125
-
payroll
11
10
64
-
health
14
13
39
-
surtax
-
-
-
-
accident
5
5
13
-
pensions
48
44
128
-
chamber of commerce
2
1
9
-
other
18
17
92
-
unemployment
11
10
31
-
total
109
100
376
-
Corporate
2 007
2 051
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.

502
513
523
-
total
502
513
523
-
Dividends
1 505
1 538
-
-
withholding
414
423
-
-
total
414
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 128
1 125
1 861
1 226
After tax
1 372
1 375
639
1 274
Living cost
279
279
279
279
Free-cash
1 093
1 096
360
995

Estimated living cost  is £279 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2363
£2263
£2242
£1888
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
140
-
2 500
-
income
28
-
500
-
total
28
-
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%.

2 360
2 500
-
-
total
-
-
-
-
Dividends
2 360
2 500
-
-
withholding
118
125
-
-
total
118
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
146
125
500
25
After tax
2 354
2 375
2 000
2 475
Living cost
112
112
112
112
Free-cash
2 242
2 263
1 888
2 363

Estimated living cost  is £112 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£869
£1486
£1413
£816
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
health
-
-
-
246
pensions
-
-
-
457
unemployment
-
-
-
4
income
-
-
-
689
total
-
-
-
1 396
Employee

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

387
-
2 163
-
health
25
-
140
-
pensions
60
-
335
-
unemployment
1
-
3
-
income
67
-
635
-
total
153
-
1 113
-
Employer

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

387
-
2 163
-
health
26
-
144
-
pensions
34
-
191
-
unemployment
-
-
1
-
total
60
-
336
-
Corporate
2 053
2 500
-
-
income
390
475
-
-
total
390
475
-
-
Dividends
1 663
2 025
-
-
withholding
249
304
-
-
total
249
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
852
779
1 449
1 396
After tax
1 648
1 721
1 051
1 104
Living cost
235
235
235
235
Free-cash
1 413
1 486
816
869

Estimated living cost  is £235 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1327
£1120
£677
£1976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
285
income
-
-
-
487
total
-
-
-
772
Employee
576
-
-
-
social contributions
47
-
7
-
income
127
-
-
-
total
174
-
7
-
Employer
576
-
-
-
social contributions
812
-
116
-
total
812
-
116
-
Corporate
1 113
2 500
-
-
income
245
550
-
-
total
245
550
-
-
Dividends
868
1 950
-
-
income
191
429
-
-
total
191
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 422
979
123
772
After tax
1 078
1 521
2 377
1 728
Living cost
401
401
401
401
Free-cash
677
1 120
1 976
1 327

Estimated living cost  is £401 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1002
£1147
£1138
£787
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
social contributions

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

-
-
-
869
income
-
-
-
354
surtax
-
-
-
-
total
-
-
-
1 223
Employee
403
-
2 020
-
surtax
-
-
12
-
social contributions
44
-
222
-
income
84
-
724
-
total
128
-
958
-
Employer
403
-
2 020
-
social contributions
96
-
480
-
total
96
-
480
-
Corporate
2 002
2 500
-
-
surtax
-
-
-
-
income
420
525
-
-
total
420
525
-
-
Dividends
1 581
1 975
-
-
withholding
443
553
-
-
total
443
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 087
1 078
1 438
1 223
After tax
1 413
1 422
1 062
1 277
Living cost
275
275
275
275
Free-cash
1 138
1 147
787
1 002

Estimated living cost  is £275 per week

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

Source of data for Lisbon model

Close
Paris , France
£900
£837
£896
£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
health
-
-
-
136
other
-
-
-
77
pensions
-
-
-
354
social contributions
-
-
-
71
income
-
-
-
539
surtax
-
-
-
-
total
-
-
-
1 177
Employee
548
-
1 884
-
pensions
62
-
152
-
surtax
-
-
-
-
social contributions
16
-
54
-
income
48
-
463
-
total
126
-
669
-
Employer
548
-
1 884
-
health
38
-
199
-
pensions
90
-
252
-
other
19
-
83
-
social contributions
2
-
6
-
unemployment
22
-
76
-
total
171
-
616
-
Corporate
1 781
2 500
-
-
surtax
-
-
-
-
income
499
700
-
-
total
499
700
-
-
Dividends
1 282
1 800
-
-
social contributions
221
310
-
-
surtax
-
-
-
-
withholding
164
230
-
-
total
385
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 181
1 240
1 285
1 177
After tax
1 319
1 260
1 215
1 323
Living cost
423
423
423
423
Free-cash
896
837
792
900

Estimated living cost  is £423 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£1545
£1987
£1958
£1611
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
281
-
2 164
-
social contributions
18
-
141
-
income
-
-
149
-
total
18
-
290
-
Employer
281
-
2 164
-
social contributions
44
-
336
-
total
44
-
336
-
Corporate
2 175
2 500
-
-
income
217
250
-
-
total
217
250
-
-
Dividends
1 957
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
263
263
263
263
Free-cash
1 958
1 987
1 611
1 545

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£998
£596
£288
£596
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
-
-
-
549
labour market
-
-
-
199
national
-
-
-
325
pensions
-
-
-
8
total
-
-
-
1 081
Employee
1 777
1 777
1 777
-
pensions
3
3
3
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
municipal
379
379
379
-
labour market
142
142
142
-
national
217
217
217
-
pensions
5
5
5
-
total
743
743
743
-
Corporate
596
-
-
-
income
131
-
-
-
total
131
-
-
-
Dividends
465
-
-
-
withholding
177
-
-
-
total
177
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 791
1 483
1 483
1 081
After tax
709
1 017
1 017
1 419
Living cost
421
421
421
421
Free-cash
288
596
596
998

Estimated living cost  is £421 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
£1514
£11
£173
£1197
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
733
total
-
-
-
794
Employee
302
-
2 307
-
health
35
-
264
-
pensions
34
-
68
-
income
41
-
585
-
total
110
-
917
-
Employer
302
-
2 307
-
accident
5
-
39
-
pensions
49
-
98
-
unemployment
7
-
57
-
total
61
-
194
-
Corporate
2 137
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.

1 923
2 250
-
-
total
1 923
2 250
-
-
Dividends
214
250
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 135
2 297
1 111
794
After tax
365
203
1 389
1 706
Living cost
192
192
192
192
Free-cash
173
11
1 197
1 514

Estimated living cost  is £192 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£1137
£1147
£1198
£850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
35
municipal
-
-
-
444
national
-
-
-
548
total
-
-
-
1 027
Employee
461
-
2 103
-
health
3
-
29
-
pensions
31
-
142
-
unemployment
7
-
32
-
national
8
-
372
-
municipal
75
-
342
-
total
124
-
917
-
Employer
461
-
2 103
-
health
4
-
16
-
accident
-
-
2
-
pensions
80
-
365
-
unemployment
3
-
14
-
total
87
-
397
-
Corporate
1 953
2 500
-
-
income
391
500
-
-
total
391
500
-
-
Dividends

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

1 172
1 500
-
-
national
153
247
-
-
municipal
211
270
-
-
total
364
517
-
-
Income
2 500
2 500
2 500
2 500
Total tax
966
1 017
1 314
1 027
After tax
1 534
1 483
1 186
1 473
Living cost
336
336
336
336
Free-cash
1 198
1 147
850
1 137

Estimated living cost  is £336 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1457
£1618
£1571
£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
health
-
-
-
64
social contributions
-
-
-
142
income
-
-
-
634
total
-
-
-
840
Employee
673
673
2 381
-
health
5
11
40
-
social contributions
25
56
75
-
income
73
62
623
-
total
103
129
738
-
Employer
673
673
2 381
-
health
6
12
44
-
social contributions
25
56
75
-
total
31
68
119
-
Corporate
2 162
1 759
-
-
income
270
220
-
-
total
270
220
-
-
Dividends
1 892
1 539
-
-
withholding
322
262
-
-
total
322
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
726
679
857
840
After tax
1 774
1 821
1 643
1 660
Living cost
203
203
203
203
Free-cash
1 571
1 618
1 440
1 457

Estimated living cost  is £203 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£2011
£1931
£1886
£1834
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
health
-
-
-
32
pensions
-
-
-
56
unemployment
-
-
-
-
income
-
-
-
262
total
-
-
-
350
Employee

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

201
-
2 414
-
health
17
-
71
-
pensions
30
-
125
-
unemployment
1
-
4
-
income
14
-
241
-
total
62
-
441
-
Employer

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

201
-
2 414
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
2 278
2 500
-
-
income
205
225
-
-
total
205
225
-
-
Dividends
2 073
2 275
-
-
withholding
187
205
-
-
total
187
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
475
430
527
350
After tax
2 025
2 070
1 973
2 150
Living cost
139
139
139
139
Free-cash
1 886
1 931
1 834
2 011

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1151
£1414
£1376
£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
-
-
-
2 500
accident
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
864
total
-
-
-
1 108
Employee
324
-
2 241
-
pensions
15
-
38
-
unemployment
5
-
13
-
other
-
-
1
-
income
62
-
834
-
total
82
-
886
-
Employer
324
-
2 241
-
accident
6
-
16
-
pensions
76
-
191
-
other
3
-
6
-
unemployment
18
-
45
-
total
103
-
258
-
Corporate
2 073
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
1 762
2 125
-
-
withholding
387
470
-
-
total
387
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
883
845
1 144
1 108
After tax
1 617
1 655
1 356
1 392
Living cost
241
241
241
241
Free-cash
1 376
1 414
1 115
1 151

Estimated living cost  is £241 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1599
£1544
£1543
£1598
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
health
-
-
-
9
pensions
-
-
-
12
income
-
-
-
864
total
-
-
-
885
Employee
25
-
2 487
-
health
1
-
3
-
pensions
2
-
5
-
unemployment
-
-
1
-
income
5
-
863
-
total
8
-
872
-
Employer
25
-
2 487
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
-
-
1
-
total
5
-
14
-
Corporate
2 470
2 500
-
-
income
543
550
-
-
total
543
550
-
-
Dividends
1 926
1 950
-
-
withholding
385
390
-
-
total
385
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
941
940
886
885
After tax
1 559
1 560
1 614
1 615
Living cost
16
16
16
16
Free-cash
1 543
1 544
1 598
1 599

Estimated living cost  is £16 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1516
£1655
£1611
£1517
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
health
-
-
-
66
pensions
-
-
-
168
unemployment
-
-
-
10
income
-
-
-
589
total
-
-
-
833
Employee

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

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

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

228
-
2 384
-
health
12
-
33
-
pensions
32
-
90
-
unemployment
2
-
5
-
income
31
-
589
-
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.

228
-
2 384
-
health
12
-
33
-
pensions
27
-
77
-
unemployment
2
-
5
-
total
41
-
115
-
Corporate
2 231
2 500
-
-
income
335
375
-
-
total
335
375
-
-
Dividends
1 897
2 125
-
-
withholding
285
319
-
-
total
285
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
738
694
832
833
After tax
1 762
1 806
1 668
1 667
Living cost
151
151
151
151
Free-cash
1 611
1 655
1 517
1 516

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£1041
£1186
£1183
£826
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
social contributions

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

-
-
-
869
income
-
-
-
354
surtax
-
-
-
-
total
-
-
-
1 223
Employee
340
-
2 020
-
surtax
-
-
12
-
social contributions
37
-
222
-
income
66
-
724
-
total
103
-
958
-
Employer
340
-
2 020
-
social contributions
81
-
480
-
total
81
-
480
-
Corporate
2 080
2 500
-
-
surtax
-
-
-
-
income
437
525
-
-
total
437
525
-
-
Dividends
1 643
1 975
-
-
withholding
460
553
-
-
total
460
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 081
1 078
1 438
1 223
After tax
1 419
1 422
1 062
1 277
Living cost
236
236
236
236
Free-cash
1 183
1 186
826
1 041

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£1084
£1347
£1291
£1048
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
-
-
-
7
other
-
-
-
1
pensions
-
-
-
230
unemployment
-
-
-
6
income
-
-
-
864
total
-
-
-
1 108
Employee
423
-
2 241
-
pensions
20
-
38
-
unemployment
7
-
13
-
other
-
-
1
-
income
88
-
834
-
total
115
-
886
-
Employer
423
-
2 241
-
accident
8
-
16
-
pensions
100
-
191
-
other
3
-
6
-
unemployment
23
-
45
-
total
134
-
258
-
Corporate
1 942
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.

291
375
-
-
total
291
375
-
-
Dividends
1 651
2 125
-
-
withholding
361
470
-
-
total
361
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
901
845
1 144
1 108
After tax
1 599
1 655
1 356
1 392
Living cost
308
308
308
308
Free-cash
1 291
1 347
1 048
1 084

Estimated living cost  is £308 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£1895
£1988
£1936
£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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
375
total
-
-
-
456
Employee
198
-
2 440
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
244
-
total
48
-
288
-
Employer
198
-
2 440
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
33
-
unemployment
1
-
2
-
total
39
-
59
-
Corporate
2 263
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 037
2 250
-
-
withholding
102
113
-
-
total
102
113
-
-
Income
2 500
2 500
2 500
2 500
Total tax
415
363
347
456
After tax
2 085
2 137
2 153
2 044
Living cost
149
149
149
149
Free-cash
1 936
1 988
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
£875
£946
£1061
£1175
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
health

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

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

-
-
-
60
trade
-
-
-
300
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
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.

-
-
-
879
total
-
-
-
1 287
Employee

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

436
-
2 500
-
health

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

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

60
-
60
-
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
-
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
-
879
-
total
98
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 064
2 500
-
-
trade
296
359
-
-
chamber of commerce
4
5
-
-
surtax

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

17
21
-
-
income
310
375
-
-
total
627
760
-
-
Dividends
1 437
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
356
432
-
-
total
376
456
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 101
1 216
987
1 287
After tax
1 399
1 284
1 513
1 213
Living cost
338
338
338
338
Free-cash
1 061
946
1 175
875

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£707
£1252
£1270
£707
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
-
-
-
855
social contributions
-
-
-
439
total
-
-
-
1 294
Employee
685
-
2 500
-
social contributions
57
-
439
-
income
129
-
855
-
total
186
-
1 294
-
Employer
685
-
2 500
-
total
-
-
-
-
Corporate
1 815
2 500
-
-
income
227
312
-
-
total
227
312
-
-
Dividends
1 588
2 188
-
-
withholding
318
437
-
-
total
318
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
731
749
1 294
1 294
After tax
1 769
1 751
1 206
1 206
Living cost
499
499
499
499
Free-cash
1 270
1 252
707
707

Estimated living cost  is £499 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1753
£1261
£1292
£1402
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.

-
-
-
54
total
-
-
-
429
Employee
402
-
2 460
-
social contributions
40
-
40
-
income
44
-
700
-
total
84
-
740
-
Employer
402
-
2 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
2 058
2 500
-
-
income
720
875
-
-
total
720
875
-
-
Dividends
1 338
1 625
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 500
2 500
2 500
2 500
Total tax
890
921
780
429
After tax
1 610
1 579
1 720
2 071
Living cost
318
318
318
318
Free-cash
1 292
1 261
1 402
1 753

Estimated living cost  is £318 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1261
£1209
£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
pensions
-
-
-
98
income
-
-
-
817
total
-
-
-
915
Employee
445
-
2 175
-
health
6
-
28
-
pensions
34
-
113
-
income
81
-
669
-
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
£1495
-£8
£169
£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
-
-
-
2 500
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
733
total
-
-
-
794
Employee
332
-
2 307
-
health
38
-
264
-
pensions
37
-
68
-
income
46
-
585
-
total
121
-
917
-
Employer
332
-
2 307
-
accident
6
-
39
-
pensions
54
-
98
-
unemployment
8
-
57
-
total
68
-
194
-
Corporate
2 101
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.

1 891
2 250
-
-
total
1 891
2 250
-
-
Dividends
210
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 120
2 297
1 111
794
After tax
380
203
1 389
1 706
Living cost
211
211
211
211
Free-cash
169
-8
1 178
1 495

Estimated living cost  is £211 per week

£155
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.
£40
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
£1571
£1795
£1768
£1763
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
health insurance
-
-
-
103
work injury
-
-
-
7
pensions
-
-
-
257
unemployment
-
-
-
17
income
-
-
-
427
total
-
-
-
811
Employee

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

189
-
2 500
-
pensions
35
-
129
-
work injury
1
-
3
-
unemployment
2
-
8
-
health insurance
14
-
52
-
income
19
-
427
-
total
71
-
619
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 311
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
2 080
2 250
-
-
withholding
312
337
-
-
total
312
337
-
-
Income
2 500
2 500
2 500
2 500
Total tax
614
587
619
811
After tax
1 886
1 913
1 881
1 689
Living cost
118
118
118
118
Free-cash
1 768
1 795
1 763
1 571

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£855
£968
£928
£784
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
regional
-
-
-
66
municipal
-
-
-
19
social contributions
-
-
-
438
national
-
-
-
773
total
-
-
-
1 296
Employee
738
-
2 500
-
regional
11
-
61
-
national
125
-
715
-
social contributions
249
-
574
-
municipal
4
-
17
-
total
389
-
1 367
-
Employer
738
-
2 500
-
total
-
-
-
-
Corporate
1 762
2 500
-
-
nationa
423
600
-
-
municipal
85
120
-
-
total
508
720
-
-
Dividends
1 254
1 779
-
-
withholding
326
463
-
-
total
326
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 223
1 183
1 367
1 296
After tax
1 277
1 317
1 133
1 204
Living cost
349
349
349
349
Free-cash
928
968
784
855

Estimated living cost  is £349 per week

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

Source of data for Rome model

Close
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