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
£994
£1248
£918
£1091
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
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
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
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
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
-
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
-
health

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

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

60
-
60
-
total
70
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 165
2 500
-
-
income
325
375
-
-
surtax

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

18
21
-
-
chamber of commerce
4
5
-
-
trade
341
394
-
-
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.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1096
£942
£928
£1086
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
-
-
-
27
municipal
-
-
-
280
national
-
-
-
501
pensions
-
-
-
300
total
-
-
-
1 108
Employee
719
-
2 161
-
municipal
89
-
290
-
pensions
29
-
86
-
national
138
-
522
-
total
256
-
898
-
Employer
719
-
2 161
-
pensions
58
-
173
-
social contributions
8
-
23
-
total
66
-
196
-
Corporate
1 668
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
1 334
2 000
-
-
withholding
294
440
-
-
total
294
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
950
940
1 094
1 108
After tax
1 550
1 560
1 406
1 392
Living cost
464
464
464
464
Free-cash
1 086
1 096
942
928

Estimated living cost  is £464 per week

£315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£1818
£932
£762
£1746
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
income
-
-
-
582
surtax
-
-
-
638
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.

-
-
-
336
microenterprise
-
-
-
-
total
-
-
-
1 556
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
-
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
-
252
-
surtax
-
-
223
-
total
62
-
475
-
Corporate
2 182
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%.

436
500
-
-
total
436
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
572
500
1 386
1 556
After tax
1 928
2 000
1 114
944
Living cost
182
182
182
182
Free-cash
1 746
1 818
932
762

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£885
£1231
£946
£831
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
-
-
-
976
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 187
Employee
748
748
2 337
-
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
528
-
health
115
98
108
-
total
372
323
739
-
Employer
748
748
2 337
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
33
-
total
131
131
163
-
Corporate
1 630
1 621
-
-
income
326
324
-
-
total
326
324
-
-
Dividends
1 304
1 296
-
-
income
277
276
-
-
withholding
196
194
-
-
total
473
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 302
1 248
902
1 187
After tax
1 198
1 252
1 598
1 313
Living cost
367
367
367
367
Free-cash
831
885
1 231
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
£1003
£856
£866
£993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
677
national
-
-
-
365
pensions
-
-
-
86
total
-
-
-
1 272
Employee
515
-
2 251
-
municipal
154
-
671
-
national
-
-
361
-
total
154
-
1 032
-
Employer
515
-
2 251
-
health
32
-
49
-
pensions
56
-
86
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
163
-
250
-
Corporate
1 823
2 500
-
-
income
401
550
-
-
total
401
550
-
-
Dividends
1 422
1 950
-
-
withholding
427
585
-
-
total
427
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 145
1 135
1 282
1 272
After tax
1 355
1 365
1 218
1 228
Living cost
362
362
362
362
Free-cash
993
1 003
856
866

Estimated living cost  is £362 per week

£240
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.
£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 Stockholm model

Close
Hamburg , Germany
£902
£1169
£825
£1026
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
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
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
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
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
-
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
-
health

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

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

60
-
60
-
total
100
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 056
2 500
-
-
income
308
375
-
-
surtax

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

17
21
-
-
chamber of commerce
4
5
-
-
trade
338
411
-
-
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£1538
£1359
£1376
£1500
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
-
-
-
634
social contributions
-
-
-
142
health
-
-
-
64
total
-
-
-
840
Employee
674
674
2 381
-
social contributions
33
56
75
-
income
71
62
623
-
health
7
11
40
-
total
111
129
738
-
Employer
674
674
2 381
-
health
7
12
44
-
social contributions
33
56
75
-
total
40
68
119
-
Corporate
2 065
1 758
-
-
income
258
220
-
-
total
258
220
-
-
Dividends
1 807
1 538
-
-
withholding
307
261
-
-
total
307
261
-
-
Income
2 500
2 500
2 500
2 500
Total tax
716
678
857
840
After tax
1 784
1 822
1 643
1 660
Living cost
284
284
284
284
Free-cash
1 500
1 538
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
£1243
£1289
£1570
£1247
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
-
-
-
306
unemployment
-
-
-
38
health
-
-
-
175
pensions
-
-
-
250
total
-
-
-
769
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
-
unemployment
3
1
31
-
pensions
23
9
209
-
income
28
11
256
-
health
16
6
146
-
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
2 390
-
-
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
769
After tax
1 408
1 404
1 450
1 731
Living cost
161
161
161
161
Free-cash
1 247
1 243
1 289
1 570

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
£1788
£1229
£1128
£1734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
335
health
-
-
-
325
pensions
-
-
-
500
total
-
-
-
1 160
Employee
249
-
1 868
-
unemployment
4
-
30
-
pensions
5
-
37
-
income
28
-
360
-
total
37
-
427
-
Employer
249
-
1 868
-
health
32
-
243
-
pensions
50
-
374
-
unemployment
2
-
15
-
total
84
-
632
-
Corporate
2 167
2 500
-
-
income
433
500
-
-
total
433
500
-
-
Dividends
1 734
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
554
500
1 059
1 160
After tax
1 946
2 000
1 441
1 340
Living cost
212
212
212
212
Free-cash
1 734
1 788
1 229
1 128

Estimated living cost  is £212 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
£7
£1195
£1512
£173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
732
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
793
Employee
307
-
2 307
-
pensions
35
-
68
-
income
42
-
584
-
health
35
-
264
-
total
112
-
916
-
Employer
307
-
2 307
-
pensions
50
-
98
-
accident
5
-
39
-
unemployment
8
-
57
-
total
63
-
194
-
Corporate
2 130
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.

1 917
2 250
-
-
total
1 917
2 250
-
-
Dividends
213
250
-
-
withholding
40
48
-
-
total
40
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 132
2 298
1 110
793
After tax
368
202
1 390
1 707
Living cost
195
195
195
195
Free-cash
173
7
1 195
1 512

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
£2303
£1928
£2403
£2289
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
121
125
-
-
total
121
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
139
125
500
25
After tax
2 361
2 375
2 000
2 475
Living cost
72
72
72
72
Free-cash
2 289
2 303
1 928
2 403

Estimated living cost  is £72 per week

£44
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
£1603
£1327
£1347
£1545
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
-
-
-
477
other
-
-
-
63
health
-
-
-
59
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.

-
-
-
320
total
-
-
-
919
Employee
318
-
2 158
-
unemployment
3
-
13
-
pensions

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

22
-
93
-
income
55
-
471
-
health
4
-
19
-
total
84
-
596
-
Employer
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.

54
-
227
-
accident
3
-
17
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
343
-
Corporate
2 102
2 500
-
-
income
441
525
-
-
total
441
525
-
-
Dividends
1 660
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
939
919
After tax
1 779
1 837
1 561
1 581
Living cost
234
234
234
234
Free-cash
1 545
1 603
1 327
1 347

Estimated living cost  is £234 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
£949
£781
£1001
£1018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
826
-
2 175
-
pensions
80
-
113
-
income
149
-
669
-
health
14
-
28
-
total
243
-
810
-
Employer
826
-
2 175
-
health
16
-
41
-
pensions
98
-
284
-
total
114
-
325
-
Corporate
1 560
2 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£2022
£2037
£1929
£1981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
456
Employee
152
-
2 440
-
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
-
health
7
-
14
-
total
37
-
288
-
Employer
152
-
2 440
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
2 318
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 086
2 250
-
-
withholding
104
113
-
-
total
104
113
-
-
Income
2 500
2 500
2 500
2 500
Total tax
404
363
348
456
After tax
2 096
2 137
2 152
2 044
Living cost
115
115
115
115
Free-cash
1 981
2 022
2 037
1 929

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£766
£1112
£827
£789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
976
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
1 187
Employee
813
748
2 337
-
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
528
-
health
101
98
108
-
total
326
323
739
-
Employer
813
748
2 337
-
health
56
52
65
-
pensions
57
52
65
-
unemployment
29
27
33
-
total
142
131
163
-
Corporate
1 545
1 621
-
-
income
309
324
-
-
total
309
324
-
-
Dividends
1 236
1 296
-
-
income
263
276
-
-
withholding
185
194
-
-
total
448
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 225
1 248
902
1 187
After tax
1 275
1 252
1 598
1 313
Living cost
486
486
486
486
Free-cash
789
766
1 112
827

Estimated living cost  is £486 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.
£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 Amsterdam model

Close
Brno , Czech Republic
£1503
£1185
£1300
£1426
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
-
-
-
277
social contributions
-
-
-
313
solidarity contribution
-
-
-
54
health
-
-
-
338
total
-
-
-
982
Employee
320
-
2 047
-
solidarity contribution
-
-
44
-
social contributions
21
-
70
-
income
38
-
255
-
health
43
-
276
-
total
102
-
645
-
Employer
320
-
2 047
-
health
29
-
184
-
social contributions
80
-
268
-
total
109
-
452
-
Corporate
2 071
2 500
-
-
income
393
475
-
-
total
393
475
-
-
Dividends
1 677
2 025
-
-
withholding
252
304
-
-
total
252
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
856
779
1 097
982
After tax
1 644
1 721
1 403
1 518
Living cost
218
218
218
218
Free-cash
1 426
1 503
1 185
1 300

Estimated living cost  is £218 per week

£151
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£963
£794
£868
£918
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
-
-
-
439
regional
-
-
-
34
municipal
-
-
-
16
national
-
-
-
773
total
-
-
-
1 262
Employee
779
-
2 500
-
municipal
4
-
15
-
national
135
-
714
-
regional
7
-
32
-
social contributions
263
-
575
-
total
409
-
1 336
-
Employer
779
-
2 500
-
total
-
-
-
-
Corporate
1 721
2 500
-
-
municipal
67
98
-
-
nationa
413
600
-
-
total
480
698
-
-
Dividends
1 241
1 802
-
-
withholding
323
469
-
-
total
323
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 212
1 167
1 336
1 262
After tax
1 288
1 333
1 164
1 238
Living cost
370
370
370
370
Free-cash
918
963
794
868

Estimated living cost  is £370 per week

£258
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
£1380
£924
£978
£1352
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
-
-
-
858
other
-
-
-
-
surtax
-
-
-
152
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 329
Employee
290
-
2 254
-
other
-
-
-
-
unemployment
20
-
81
-
pensions
19
-
78
-
surtax
1
-
142
-
income
49
-
806
-
health
7
-
30
-
total
96
-
1 137
-
Employer
290
-
2 254
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
246
-
Corporate
2 149
2 500
-
-
income
559
650
-
-
total
559
650
-
-
Dividends
1 590
1 850
-
-
withholding
239
277
-
-
total
239
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
955
927
1 383
1 329
After tax
1 545
1 573
1 117
1 171
Living cost
193
193
193
193
Free-cash
1 352
1 380
924
978

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
£1134
£966
£1186
£1191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
554
-
2 175
-
pensions
47
-
113
-
income
100
-
669
-
health
8
-
28
-
total
155
-
810
-
Employer
554
-
2 175
-
health
11
-
41
-
pensions
60
-
284
-
total
71
-
325
-
Corporate
1 876
2 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£450
£1186
£1252
£745
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
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
-
-
-
155
health
-
-
-
6
city
-
-
-
26
national
-
-
-
88
pensions
-
-
-
230
total
-
-
-
555
Employee
811
-
2 261
-
unemployment
-
-
-
-
pensions
68
-
163
-
national
4
-
75
-
regional
27
-
140
-
city
9
-
25
-
health
2
-
5
-
total
110
-
408
-
Employer
811
-
2 261
-
health
2
-
5
-
pensions
68
-
163
-
unemployment
-
-
-
-
other

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

16
-
45
-
total
86
-
213
-
Corporate
1 594
2 500
-
-
regional
337
529
-
-
national
136
212
-
-
total
473
741
-
-
Dividends
1 122
1 759
-
-
withholding
393
616
-
-
total
393
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 062
1 357
621
555
After tax
1 438
1 143
1 879
1 945
Living cost
693
693
693
693
Free-cash
745
450
1 186
1 252

Estimated living cost  is £693 per week

£450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
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.
£172
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
£832
£1112
£753
£976
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
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
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
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
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.

527
-
2 500
-
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
-
health

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

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

60
-
60
-
total
125
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 973
2 500
-
-
income
296
375
-
-
surtax

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

16
21
-
-
chamber of commerce
4
5
-
-
trade
338
429
-
-
total
654
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
1 123
1 267
987
1 346
After tax
1 377
1 233
1 513
1 154
Living cost
401
401
401
401
Free-cash
976
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
£960
£915
£1022
£1012
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
-
-
-
539
other
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
136
pensions
-
-
-
355
total
-
-
-
1 178
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
-
unemployment
15
-
76
-
social contributions
1
-
6
-
other
13
-
83
-
total
117
-
616
-
Corporate
2 008
2 500
-
-
income
562
700
-
-
surtax
-
-
-
-
total
562
700
-
-
Dividends
1 446
1 800
-
-
surtax
-
-
-
-
social contributions
249
310
-
-
withholding
185
230
-
-
total
434
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 188
1 240
1 285
1 178
After tax
1 312
1 260
1 215
1 322
Living cost
300
300
300
300
Free-cash
1 012
960
915
1 022

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£990
£945
£1052
£1038
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
-
-
-
539
other
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
136
pensions
-
-
-
355
total
-
-
-
1 178
Employee
335
-
1 884
-
pensions
38
-
152
-
surtax
-
-
-
-
social contributions
10
-
54
-
income
17
-
463
-
total
65
-
669
-
Employer
335
-
1 884
-
health
23
-
199
-
pensions
55
-
252
-
unemployment
14
-
76
-
social contributions
1
-
6
-
other
12
-
83
-
total
105
-
616
-
Corporate
2 061
2 500
-
-
income
577
700
-
-
surtax
-
-
-
-
total
577
700
-
-
Dividends
1 484
1 800
-
-
surtax
-
-
-
-
social contributions
255
310
-
-
withholding
190
230
-
-
total
445
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 192
1 240
1 285
1 178
After tax
1 308
1 260
1 215
1 322
Living cost
270
270
270
270
Free-cash
1 038
990
945
1 052

Estimated living cost  is £270 per week

£157
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
£1339
£726
£1419
£1343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
social contributions
-
-
-
345
health
-
-
-
175
total
-
-
-
895
Employee
297
-
2 500
-
social contributions
41
-
345
-
income
50
-
1 068
-
health
21
-
175
-
total
112
-
1 588
-
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
-
-
withholding
314
356
-
-
health
146
166
-
-
total
749
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
971
975
1 588
895
After tax
1 529
1 525
912
1 605
Living cost
186
186
186
186
Free-cash
1 343
1 339
726
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
£1065
£331
£963
£1050
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
-
-
-
895
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
10
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
1 228
Employee
438
349
2 123
-
other
4
3
10
-
unemployment
13
10
31
-
pensions
45
36
105
-
income
50
26
774
-
health
17
14
40
-
total
129
89
960
-
Employer
438
349
2 123
-
chamber of commerce
2
1
8
-
health
17
13
39
-
pensions
55
44
128
-
accident
6
5
13
-
unemployment
13
10
31
-
surtax
2
2
2
-
payroll
13
10
64
-
other
21
17
92
-
total
129
102
377
-
Corporate
1 934
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
1 536
-
-
withholding
399
423
-
-
total
399
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 141
1 126
1 860
1 228
After tax
1 359
1 374
640
1 272
Living cost
309
309
309
309
Free-cash
1 050
1 065
331
963

Estimated living cost  is £309 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
£1022
£507
£770
£942
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
communal

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

-
-
-
137
social contributions
-
-
-
218
national
-
-
-
1 055
total
-
-
-
1 410
Employee

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

627
-
1 936
-
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
-
communal

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

33
-
101
-
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
-
national
193
-
755
-
health

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

29
-
91
-
total
307
-
1 109
-
Employer

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

627
-
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
-
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.

56
-
172
-
accident

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

8
-
25
-
unemployment

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

9
-
28
-
surtax
71
-
220
-
total
183
-
564
-
Corporate
1 691
2 500
-
-
income
341
575
-
-
surtax
7
12
-
-
total
348
587
-
-
Dividends
1 343
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
1 238
1 158
1 673
1 410
After tax
1 262
1 342
827
1 090
Living cost
320
320
320
320
Free-cash
942
1 022
507
770

Estimated living cost  is £320 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
£1339
£1038
£1076
£1278
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
income
-
-
-
864
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 108
Employee
436
-
2 241
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
834
-
total
120
-
886
-
Employer
436
-
2 241
-
pensions
103
-
192
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
260
-
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
1 636
2 125
-
-
withholding
358
470
-
-
total
358
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
906
845
1 146
1 108
After tax
1 594
1 655
1 354
1 392
Living cost
316
316
316
316
Free-cash
1 278
1 339
1 038
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
£893
£768
£706
£773
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
communal
-
-
-
158
accident
-
-
-
17
income
-
-
-
559
surtax
-
-
-
131
health
-
-
-
145
pensions
-
-
-
308
total
-
-
-
1 318
Employee
664
-
2 251
-
pensions
53
-
167
-
surtax
41
-
139
-
income
64
-
607
-
health
30
-
93
-
total
188
-
1 006
-
Employer
664
-
2 251
-
health
20
-
64
-
pensions
53
-
167
-
accident
6
-
19
-
total
79
-
250
-
Corporate
1 757
2 500
-
-
communal
119
169
-
-
income
264
375
-
-
surtax
18
26
-
-
total
401
570
-
-
Dividends
1 356
1 930
-
-
income
380
271
-
-
withholding
203
290
-
-
total
583
561
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 251
1 131
1 256
1 318
After tax
1 249
1 369
1 244
1 182
Living cost
476
476
476
476
Free-cash
773
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
£1376
£920
£974
£1348
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
-
-
-
858
other
-
-
-
-
surtax
-
-
-
152
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
234
total
-
-
-
1 329
Employee
295
-
2 254
-
other
-
-
-
-
unemployment
21
-
81
-
pensions
20
-
78
-
surtax
1
-
142
-
income
49
-
806
-
health
8
-
30
-
total
99
-
1 137
-
Employer
295
-
2 254
-
health
13
-
53
-
pensions
39
-
156
-
unemployment
9
-
37
-
other
-
-
-
-
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
1 329
After tax
1 545
1 573
1 117
1 171
Living cost
197
197
197
197
Free-cash
1 348
1 376
920
974

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
£1078
£921
£994
£1058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
439
regional
-
-
-
42
municipal
-
-
-
16
national
-
-
-
773
total
-
-
-
1 270
Employee
486
-
2 500
-
municipal
3
-
15
-
national
77
-
714
-
regional
7
-
39
-
social contributions
164
-
575
-
total
251
-
1 343
-
Employer
486
-
2 500
-
total
-
-
-
-
Corporate
2 014
2 500
-
-
municipal
100
124
-
-
nationa
483
600
-
-
total
583
724
-
-
Dividends
1 430
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
1 270
After tax
1 294
1 314
1 157
1 230
Living cost
236
236
236
236
Free-cash
1 058
1 078
921
994

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
£1453
£1135
£1250
£1356
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
-
-
-
277
social contributions
-
-
-
313
solidarity contribution
-
-
-
54
health
-
-
-
338
total
-
-
-
982
Employee
395
-
2 047
-
solidarity contribution
-
-
44
-
social contributions
26
-
70
-
income
47
-
255
-
health
53
-
276
-
total
126
-
645
-
Employer
395
-
2 047
-
health
36
-
184
-
social contributions
99
-
268
-
total
135
-
452
-
Corporate
1 971
2 500
-
-
income
375
475
-
-
total
375
475
-
-
Dividends
1 597
2 025
-
-
withholding
240
304
-
-
total
240
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
876
779
1 097
982
After tax
1 624
1 721
1 403
1 518
Living cost
268
268
268
268
Free-cash
1 356
1 453
1 135
1 250

Estimated living cost  is £268 per week

£200
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
£1095
£361
£994
£1092
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
-
-
-
895
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
10
health
-
-
-
78
pensions
-
-
-
189
total
-
-
-
1 226
Employee
383
349
2 125
-
other
4
3
10
-
unemployment
11
10
31
-
pensions
39
36
105
-
income
34
26
775
-
health
15
14
40
-
total
103
89
961
-
Employer
383
349
2 125
-
chamber of commerce
2
1
8
-
health
14
13
39
-
pensions
48
44
128
-
accident
5
5
13
-
unemployment
11
10
31
-
surtax
-
-
-
-
payroll
11
10
64
-
other
18
17
92
-
total
109
100
375
-
Corporate
2 007
2 050
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
1 859
1 226
After tax
1 372
1 375
641
1 274
Living cost
280
280
280
280
Free-cash
1 092
1 095
361
994

Estimated living cost  is £280 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
£2263
£1888
£2363
£2242
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
£1486
£816
£869
£1413
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
income
-
-
-
689
unemployment
-
-
-
4
health
-
-
-
246
pensions
-
-
-
457
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.

388
-
2 163
-
unemployment
1
-
3
-
pensions
60
-
335
-
income
67
-
635
-
health
25
-
140
-
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.

388
-
2 163
-
health
26
-
144
-
pensions
34
-
191
-
unemployment
-
-
1
-
total
60
-
336
-
Corporate
2 052
2 500
-
-
income
390
475
-
-
total
390
475
-
-
Dividends
1 662
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
£1136
£1998
£1343
£711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
487
social contributions
-
-
-
285
total
-
-
-
772
Employee
552
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
552
-
-
-
social contributions
778
-
111
-
total
778
-
111
-
Corporate
1 171
2 500
-
-
income
258
550
-
-
total
258
550
-
-
Dividends
913
1 950
-
-
income
201
429
-
-
total
201
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 404
979
117
772
After tax
1 096
1 521
2 383
1 728
Living cost
385
385
385
385
Free-cash
711
1 136
1 998
1 343

Estimated living cost  is £385 per week

£250
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.
£94
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
£1147
£787
£1002
£1138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 500
income
-
-
-
354
surtax
-
-
-
-
social contributions

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

-
-
-
869
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
2 001
2 500
-
-
income
420
525
-
-
surtax
-
-
-
-
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

£206
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
£837
£792
£899
£898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
539
other
-
-
-
77
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
136
pensions
-
-
-
355
total
-
-
-
1 178
Employee
549
-
1 884
-
pensions
62
-
152
-
surtax
-
-
-
-
social contributions
16
-
54
-
income
48
-
463
-
total
126
-
669
-
Employer
549
-
1 884
-
health
38
-
199
-
pensions
90
-
252
-
unemployment
22
-
76
-
social contributions
2
-
6
-
other
19
-
83
-
total
171
-
616
-
Corporate
1 780
2 500
-
-
income
498
700
-
-
surtax
-
-
-
-
total
498
700
-
-
Dividends
1 281
1 800
-
-
surtax
-
-
-
-
social contributions
220
310
-
-
withholding
164
230
-
-
total
384
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 179
1 240
1 285
1 178
After tax
1 321
1 260
1 215
1 322
Living cost
423
423
423
423
Free-cash
898
837
792
899

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
£1987
£1611
£1545
£1958
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
282
-
2 164
-
income
-
-
149
-
social contributions
18
-
141
-
total
18
-
290
-
Employer
282
-
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
£591
£591
£997
£285
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
labour market
-
-
-
199
municipal
-
-
-
549
national
-
-
-
325
pensions
-
-
-
8
total
-
-
-
1 081
Employee
1 781
1 781
1 781
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
218
218
218
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
592
-
-
-
income
130
-
-
-
total
130
-
-
-
Dividends
461
-
-
-
withholding
176
-
-
-
total
176
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 793
1 487
1 487
1 081
After tax
707
1 013
1 013
1 419
Living cost
422
422
422
422
Free-cash
285
591
591
997

Estimated living cost  is £422 per week

£289
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
£9
£1197
£1514
£172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
732
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
793
Employee
303
-
2 307
-
pensions
34
-
68
-
income
42
-
584
-
health
35
-
264
-
total
111
-
916
-
Employer
303
-
2 307
-
pensions
49
-
98
-
accident
5
-
39
-
unemployment
7
-
57
-
total
61
-
194
-
Corporate
2 135
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.

1 922
2 250
-
-
total
1 922
2 250
-
-
Dividends
214
250
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 135
2 298
1 110
793
After tax
365
202
1 390
1 707
Living cost
193
193
193
193
Free-cash
172
9
1 197
1 514

Estimated living cost  is £193 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
£1148
£850
£1137
£1198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
municipal
76
-
342
-
unemployment
7
-
32
-
pensions
31
-
142
-
national
8
-
372
-
health
3
-
29
-
total
125
-
917
-
Employer
461
-
2 103
-
health
4
-
16
-
pensions
80
-
365
-
accident
-
-
2
-
unemployment
3
-
14
-
total
87
-
397
-
Corporate
1 952
2 500
-
-
income
390
500
-
-
total
390
500
-
-
Dividends

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

1 171
1 500
-
-
municipal
211
270
-
-
national
153
246
-
-
total
364
516
-
-
Income
2 500
2 500
2 500
2 500
Total tax
966
1 016
1 314
1 027
After tax
1 534
1 484
1 186
1 473
Living cost
336
336
336
336
Free-cash
1 198
1 148
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
£1619
£1440
£1457
£1571
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
-
-
-
634
social contributions
-
-
-
142
health
-
-
-
64
total
-
-
-
840
Employee
674
674
2 381
-
social contributions
25
56
75
-
income
73
62
623
-
health
5
11
40
-
total
103
129
738
-
Employer
674
674
2 381
-
health
6
12
44
-
social contributions
25
56
75
-
total
31
68
119
-
Corporate
2 162
1 758
-
-
income
270
220
-
-
total
270
220
-
-
Dividends
1 892
1 538
-
-
withholding
322
261
-
-
total
322
261
-
-
Income
2 500
2 500
2 500
2 500
Total tax
726
678
857
840
After tax
1 774
1 822
1 643
1 660
Living cost
203
203
203
203
Free-cash
1 571
1 619
1 440
1 457

Estimated living cost  is £203 per week

£122
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
£1931
£1834
£2011
£1886
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
income
-
-
-
262
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
350
Employee

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

201
-
2 414
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
241
-
health
17
-
71
-
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
£1414
£1113
£1151
£1376
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
income
-
-
-
864
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 108
Employee
324
-
2 241
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
62
-
834
-
total
82
-
886
-
Employer
324
-
2 241
-
pensions
76
-
192
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
103
-
260
-
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
1 146
1 108
After tax
1 617
1 655
1 354
1 392
Living cost
241
241
241
241
Free-cash
1 376
1 414
1 113
1 151

Estimated living cost  is £241 per week

£163
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
£1543
£1596
£1598
£1541
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
-
-
-
863
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
885
Employee
26
-
2 486
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
863
-
health
1
-
3
-
total
8
-
873
-
Employer
26
-
2 486
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
2 468
2 500
-
-
income
543
550
-
-
total
543
550
-
-
Dividends
1 925
1 950
-
-
withholding
385
390
-
-
total
385
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
942
940
887
885
After tax
1 558
1 560
1 613
1 615
Living cost
17
17
17
17
Free-cash
1 541
1 543
1 596
1 598

Estimated living cost  is £17 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
£1654
£1515
£1515
£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

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
income
-
-
-
588
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
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.

229
-
2 384
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
31
-
588
-
health
12
-
33
-
total
77
-
717
-
Employer

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

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

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

229
-
2 384
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
2 231
2 500
-
-
income
335
375
-
-
total
335
375
-
-
Dividends
1 896
2 125
-
-
withholding
284
319
-
-
total
284
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
737
694
833
833
After tax
1 763
1 806
1 667
1 667
Living cost
152
152
152
152
Free-cash
1 611
1 654
1 515
1 515

Estimated living cost  is £152 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
£1186
£826
£1041
£1183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 500
income
-
-
-
354
surtax
-
-
-
-
social contributions

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

-
-
-
869
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
2 079
2 500
-
-
income
437
525
-
-
surtax
-
-
-
-
total
437
525
-
-
Dividends
1 642
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
£1347
£1046
£1084
£1291
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
income
-
-
-
864
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
1 108
Employee
423
-
2 241
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
834
-
total
115
-
886
-
Employer
423
-
2 241
-
pensions
100
-
192
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
260
-
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
1 650
2 125
-
-
withholding
361
470
-
-
total
361
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
901
845
1 146
1 108
After tax
1 599
1 655
1 354
1 392
Living cost
308
308
308
308
Free-cash
1 291
1 347
1 046
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.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1986
£2001
£1893
£1933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
456
Employee
200
-
2 440
-
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.

18
-
27
-
income
20
-
244
-
health
9
-
14
-
total
49
-
288
-
Employer
200
-
2 440
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
2 261
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 035
2 250
-
-
withholding
102
113
-
-
total
102
113
-
-
Income
2 500
2 500
2 500
2 500
Total tax
416
363
348
456
After tax
2 084
2 137
2 152
2 044
Living cost
151
151
151
151
Free-cash
1 933
1 986
2 001
1 893

Estimated living cost  is £151 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£946
£1175
£875
£1061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
income

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

-
-
-
879
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
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
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
-
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
-
health

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

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

60
-
60
-
total
98
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 064
2 500
-
-
income
310
375
-
-
surtax

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

17
21
-
-
chamber of commerce
4
5
-
-
trade
296
359
-
-
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
£1250
£707
£707
£1270
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
-
income
129
-
855
-
social contributions
57
-
439
-
total
186
-
1 294
-
Employer
685
-
2 500
-
total
-
-
-
-
Corporate
1 815
2 500
-
-
income
227
313
-
-
total
227
313
-
-
Dividends
1 588
2 187
-
-
withholding
318
438
-
-
total
318
438
-
-
Income
2 500
2 500
2 500
2 500
Total tax
731
751
1 294
1 294
After tax
1 769
1 749
1 206
1 206
Living cost
499
499
499
499
Free-cash
1 270
1 250
707
707

Estimated living cost  is £499 per week

£380
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
£1261
£1402
£1754
£1292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 500
income
-
-
-
375
health

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

-
-
-
53
total
-
-
-
428
Employee
402
-
2 460
-
income
44
-
700
-
social contributions
40
-
40
-
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
428
After tax
1 610
1 579
1 720
2 072
Living cost
318
318
318
318
Free-cash
1 292
1 261
1 402
1 754

Estimated living cost  is £318 per week

£210
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
£1209
£1041
£1261
£1261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
445
-
2 175
-
pensions
34
-
113
-
income
81
-
669
-
health
6
-
28
-
total
121
-
810
-
Employer
445
-
2 175
-
health
8
-
41
-
pensions
45
-
284
-
total
53
-
325
-
Corporate
2 001
2 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£10
£1178
£1495
£170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
732
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
793
Employee
333
-
2 307
-
pensions
37
-
68
-
income
46
-
584
-
health
38
-
264
-
total
121
-
916
-
Employer
333
-
2 307
-
pensions
54
-
98
-
accident
6
-
39
-
unemployment
8
-
57
-
total
68
-
194
-
Corporate
2 099
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.

1 889
2 250
-
-
total
1 889
2 250
-
-
Dividends
210
250
-
-
withholding
40
48
-
-
total
40
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 118
2 298
1 110
793
After tax
382
202
1 390
1 707
Living cost
212
212
212
212
Free-cash
170
-10
1 178
1 495

Estimated living cost  is £212 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
£1794
£1762
£1569
£1768
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
income
-
-
-
427
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
104
pensions
-
-
-
258
total
-
-
-
813
Employee

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

189
-
2 500
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
427
-
total
71
-
620
-
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
2 079
2 250
-
-
withholding
312
338
-
-
total
312
338
-
-
Income
2 500
2 500
2 500
2 500
Total tax
614
588
620
813
After tax
1 886
1 912
1 880
1 687
Living cost
118
118
118
118
Free-cash
1 768
1 794
1 762
1 569

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
£967
£784
£854
£928
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
-
-
-
439
regional
-
-
-
66
municipal
-
-
-
19
national
-
-
-
773
total
-
-
-
1 297
Employee
738
-
2 500
-
municipal
4
-
17
-
national
125
-
714
-
regional
11
-
61
-
social contributions
249
-
575
-
total
389
-
1 367
-
Employer
738
-
2 500
-
total
-
-
-
-
Corporate
1 762
2 500
-
-
municipal
85
121
-
-
nationa
423
600
-
-
total
508
721
-
-
Dividends
1 254
1 779
-
-
withholding
326
463
-
-
total
326
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 223
1 184
1 367
1 297
After tax
1 277
1 316
1 133
1 203
Living cost
349
349
349
349
Free-cash
928
967
784
854

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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