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
£992
£1247
£918
£1089
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.

-
-
-
878
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
-
-
-
329
total
-
-
-
1 315
Employee

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

337
-
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
-
878
-
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
-
986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 163
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
1 476
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
986
1 315
After tax
1 356
1 259
1 514
1 185
Living cost
267
267
267
267
Free-cash
1 089
992
1 247
918

Estimated living cost  is £267 per week

£168
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
£1090
£938
£924
£1082
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
-
-
-
499
pensions
-
-
-
300
total
-
-
-
1 106
Employee
729
-
2 161
-
municipal
90
-
290
-
pensions
29
-
86
-
national
140
-
520
-
total
259
-
896
-
Employer
729
-
2 161
-
pensions
58
-
173
-
social contributions
8
-
23
-
total
66
-
196
-
Corporate
1 657
2 500
-
-
income

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

331
500
-
-
total
331
500
-
-
Dividends
1 325
2 000
-
-
withholding
292
440
-
-
total
292
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
948
940
1 092
1 106
After tax
1 552
1 560
1 408
1 394
Living cost
470
470
470
470
Free-cash
1 082
1 090
938
924

Estimated living cost  is £470 per week

£320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1817
£931
£762
£1745
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
-
-
-
581
surtax
-
-
-
637
social contributions

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

-
-
-
337
microenterprise
-
-
-
-
total
-
-
-
1 555
Employee
257
-
2 025
-
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
-
501
-
total
74
-
910
-
Employer
257
-
2 025
-
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
-
253
-
surtax
-
-
223
-
total
62
-
476
-
Corporate
2 181
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.

1 745
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
572
500
1 386
1 555
After tax
1 928
2 000
1 114
945
Living cost
183
183
183
183
Free-cash
1 745
1 817
931
762

Estimated living cost  is £183 per week

£117
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
£884
£1228
£945
£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
-
-
-
974
health
-
-
-
109
pensions
-
-
-
103
total
-
-
-
1 186
Employee
752
752
2 336
-
pensions
135
103
103
-
income

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

123
123
527
-
health
115
98
109
-
total
373
324
739
-
Employer
752
752
2 336
-
health
52
52
65
-
pensions
52
52
65
-
unemployment
27
27
34
-
total
131
131
164
-
Corporate
1 626
1 617
-
-
income
325
323
-
-
total
325
323
-
-
Dividends
1 301
1 294
-
-
income
276
275
-
-
withholding
195
194
-
-
total
471
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 300
1 247
903
1 186
After tax
1 200
1 253
1 597
1 314
Living cost
369
369
369
369
Free-cash
831
884
1 228
945

Estimated living cost  is £369 per week

£261
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
£1005
£857
£867
£996
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
-
-
-
367
pensions
-
-
-
85
total
-
-
-
1 273
Employee
513
-
2 252
-
municipal
153
-
672
-
national
-
-
362
-
total
153
-
1 034
-
Employer
513
-
2 252
-
health
32
-
49
-
pensions
55
-
85
-
accident
1
-
2
-
unemployment
14
-
21
-
other
60
-
92
-
total
162
-
249
-
Corporate
1 826
2 500
-
-
income
402
550
-
-
total
402
550
-
-
Dividends
1 424
1 950
-
-
withholding
427
585
-
-
total
427
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 144
1 135
1 283
1 273
After tax
1 356
1 365
1 217
1 227
Living cost
360
360
360
360
Free-cash
996
1 005
857
867

Estimated living cost  is £360 per week

£239
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
£900
£1168
£824
£1025
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.

-
-
-
878
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
-
-
-
1 330
Employee

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

446
-
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
-
878
-
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
-
986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 054
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
1 387
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
343
419
-
-
total
362
442
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 129
1 254
986
1 330
After tax
1 371
1 246
1 514
1 170
Living cost
346
346
346
346
Free-cash
1 025
900
1 168
824

Estimated living cost  is £346 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1535
£1357
£1376
£1499
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
-
-
-
633
social contributions
-
-
-
142
health
-
-
-
64
total
-
-
-
839
Employee
677
677
2 380
-
social contributions
33
56
76
-
income
71
63
622
-
health
7
12
40
-
total
111
131
738
-
Employer
677
677
2 380
-
health
7
13
44
-
social contributions
33
56
76
-
total
40
69
120
-
Corporate
2 064
1 755
-
-
income
258
219
-
-
total
258
219
-
-
Dividends
1 806
1 535
-
-
withholding
307
261
-
-
total
307
261
-
-
Income
2 500
2 500
2 500
2 500
Total tax
716
680
858
839
After tax
1 784
1 820
1 642
1 661
Living cost
285
285
285
285
Free-cash
1 499
1 535
1 357
1 376

Estimated living cost  is £285 per week

£195
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
£1242
£1288
£1570
£1245
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
-
-
-
37
health
-
-
-
175
pensions
-
-
-
250
total
-
-
-
768
Employee

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

The minimum wage is 138,000 HUF per month.

233
93
2 092
-
unemployment
3
1
31
-
pensions
23
9
209
-
income
29
11
256
-
health
16
6
146
-
total
71
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.

233
93
2 092
-
pensions
45
18
408
-
total
45
18
408
-
Corporate
2 221
2 389
-
-
income
200
215
-
-
total
200
215
-
-
Dividends
2 021
2 174
-
-
social contributions
393
423
-
-
withholding
384
413
-
-
total
777
836
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 093
1 096
1 050
768
After tax
1 407
1 404
1 450
1 732
Living cost
162
162
162
162
Free-cash
1 245
1 242
1 288
1 570

Estimated living cost  is £162 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
£1787
£1228
£1127
£1733
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
250
-
1 868
-
unemployment
4
-
30
-
pensions
5
-
37
-
income
28
-
360
-
total
37
-
427
-
Employer
250
-
1 868
-
health
32
-
243
-
pensions
50
-
374
-
unemployment
2
-
15
-
total
84
-
632
-
Corporate
2 166
2 500
-
-
income
433
500
-
-
total
433
500
-
-
Dividends
1 733
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
213
213
213
213
Free-cash
1 733
1 787
1 228
1 127

Estimated living cost  is £213 per week

£146
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
£1194
£1511
£174
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
309
-
2 307
-
pensions
35
-
68
-
income
42
-
584
-
health
35
-
264
-
total
112
-
916
-
Employer
309
-
2 307
-
pensions
50
-
98
-
accident
5
-
39
-
unemployment
8
-
57
-
total
63
-
194
-
Corporate
2 128
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.

1 915
2 250
-
-
total
1 915
2 250
-
-
Dividends
213
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 130
2 297
1 110
793
After tax
370
203
1 390
1 707
Living cost
196
196
196
196
Free-cash
174
7
1 194
1 511

Estimated living cost  is £196 per week

£144
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
£2290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 500
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
90
-
2 500
-
income
18
-
500
-
total
18
-
500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

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

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1602
£1326
£1345
£1544
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
-
-
-
64
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.

-
-
-
321
total
-
-
-
921
Employee
320
-
2 156
-
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
-
94
-
income
55
-
470
-
health
4
-
19
-
total
84
-
596
-
Employer
320
-
2 156
-
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
-
228
-
accident
3
-
17
-
unemployment
3
-
13
-
other
16
-
67
-
total
80
-
344
-
Corporate
2 100
2 500
-
-
income
441
525
-
-
total
441
525
-
-
Dividends
1 659
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
940
921
After tax
1 779
1 837
1 560
1 579
Living cost
234
234
234
234
Free-cash
1 544
1 602
1 326
1 345

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£2023
£2037
£1928
£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.

-
-
-
46
total
-
-
-
457
Employee
153
-
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
153
-
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
2 317
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 085
2 250
-
-
withholding
104
112
-
-
total
104
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
404
362
348
457
After tax
2 096
2 138
2 152
2 043
Living cost
115
115
115
115
Free-cash
1 981
2 023
2 037
1 928

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
£765
£1109
£826
£786
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
-
-
-
974
health
-
-
-
109
pensions
-
-
-
103
total
-
-
-
1 186
Employee
816
752
2 336
-
pensions
103
103
103
-
income

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

123
123
527
-
health
102
98
109
-
total
328
324
739
-
Employer
816
752
2 336
-
health
57
52
65
-
pensions
57
52
65
-
unemployment
29
27
34
-
total
143
131
164
-
Corporate
1 541
1 617
-
-
income
308
323
-
-
total
308
323
-
-
Dividends
1 233
1 294
-
-
income
262
275
-
-
withholding
185
194
-
-
total
447
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 226
1 247
903
1 186
After tax
1 274
1 253
1 597
1 314
Living cost
488
488
488
488
Free-cash
786
765
1 109
826

Estimated living cost  is £488 per week

£360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£1502
£1183
£1297
£1425
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
-
-
-
315
solidarity contribution
-
-
-
54
health
-
-
-
338
total
-
-
-
984
Employee
322
-
2 046
-
solidarity contribution
-
-
43
-
social contributions
21
-
70
-
income
39
-
255
-
health
43
-
276
-
total
103
-
644
-
Employer
322
-
2 046
-
health
29
-
184
-
social contributions
80
-
270
-
total
109
-
454
-
Corporate
2 069
2 500
-
-
income
393
475
-
-
total
393
475
-
-
Dividends
1 676
2 025
-
-
withholding
251
304
-
-
total
251
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
856
779
1 098
984
After tax
1 644
1 721
1 402
1 516
Living cost
219
219
219
219
Free-cash
1 425
1 502
1 183
1 297

Estimated living cost  is £219 per week

£152
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.
£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
£792
£867
£917
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
-
-
-
440
regional
-
-
-
34
municipal
-
-
-
16
national
-
-
-
772
total
-
-
-
1 262
Employee
782
-
2 500
-
municipal
4
-
15
-
national
136
-
713
-
regional
7
-
32
-
social contributions
264
-
577
-
total
411
-
1 337
-
Employer
782
-
2 500
-
total
-
-
-
-
Corporate
1 718
2 500
-
-
municipal
67
97
-
-
nationa
412
600
-
-
total
479
697
-
-
Dividends
1 239
1 803
-
-
withholding
322
469
-
-
total
322
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 212
1 166
1 337
1 262
After tax
1 288
1 334
1 163
1 238
Living cost
371
371
371
371
Free-cash
917
963
792
867

Estimated living cost  is £371 per week

£259
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
£1379
£923
£977
£1353
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
-
-
-
857
other
-
-
-
-
surtax
-
-
-
152
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
235
total
-
-
-
1 329
Employee
291
-
2 253
-
other
-
-
-
-
unemployment
20
-
82
-
pensions
19
-
78
-
surtax
1
-
141
-
income
49
-
805
-
health
7
-
30
-
total
96
-
1 136
-
Employer
291
-
2 253
-
health
13
-
53
-
pensions
39
-
157
-
unemployment
9
-
37
-
other
-
-
-
-
total
61
-
247
-
Corporate
2 148
2 500
-
-
income
558
650
-
-
total
558
650
-
-
Dividends
1 589
1 850
-
-
withholding
238
277
-
-
total
238
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
953
927
1 383
1 329
After tax
1 547
1 573
1 117
1 171
Living cost
194
194
194
194
Free-cash
1 353
1 379
923
977

Estimated living cost  is £194 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£439
£1177
£1245
£742
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
-
-
-
154
health
-
-
-
6
city
-
-
-
26
national
-
-
-
86
pensions
-
-
-
230
total
-
-
-
552
Employee
822
-
2 261
-
unemployment
-
-
-
-
pensions
69
-
164
-
national
4
-
73
-
regional
27
-
139
-
city
9
-
25
-
health
2
-
5
-
total
111
-
406
-
Employer
822
-
2 261
-
health
2
-
5
-
pensions
69
-
164
-
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
87
-
214
-
Corporate
1 581
2 500
-
-
regional
334
529
-
-
national
134
213
-
-
total
468
742
-
-
Dividends
1 112
1 759
-
-
withholding
389
616
-
-
total
389
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 055
1 358
620
552
After tax
1 445
1 142
1 880
1 948
Living cost
703
703
703
703
Free-cash
742
439
1 177
1 245

Estimated living cost  is £703 per week

£457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
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.
£174
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
£830
£1111
£752
£974
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.

-
-
-
878
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
-
-
-
1 345
Employee

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

529
-
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
-
878
-
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
-
986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 971
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
1 317
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
986
1 345
After tax
1 377
1 233
1 514
1 155
Living cost
403
403
403
403
Free-cash
974
830
1 111
752

Estimated living cost  is £403 per week

£294
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
£959
£916
£1022
£1011
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
-
-
-
538
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
135
pensions
-
-
-
355
total
-
-
-
1 177
Employee
377
-
1 884
-
pensions
43
-
152
-
surtax
-
-
-
-
social contributions
11
-
54
-
income
22
-
462
-
total
76
-
668
-
Employer
377
-
1 884
-
health
26
-
199
-
pensions
62
-
252
-
unemployment
15
-
76
-
social contributions
1
-
6
-
other
13
-
82
-
total
117
-
615
-
Corporate
2 006
2 500
-
-
income
562
700
-
-
surtax
-
-
-
-
total
562
700
-
-
Dividends
1 444
1 800
-
-
surtax
-
-
-
-
social contributions
248
310
-
-
withholding
185
230
-
-
total
433
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 188
1 240
1 283
1 177
After tax
1 312
1 260
1 217
1 323
Living cost
301
301
301
301
Free-cash
1 011
959
916
1 022

Estimated living cost  is £301 per week

£190
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.
£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 Nice model

Close
Marseille , France
£989
£946
£1052
£1037
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
-
-
-
538
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
135
pensions
-
-
-
355
total
-
-
-
1 177
Employee
336
-
1 884
-
pensions
38
-
152
-
surtax
-
-
-
-
social contributions
10
-
54
-
income
17
-
462
-
total
65
-
668
-
Employer
336
-
1 884
-
health
24
-
199
-
pensions
55
-
252
-
unemployment
14
-
76
-
social contributions
1
-
6
-
other
12
-
82
-
total
106
-
615
-
Corporate
2 059
2 500
-
-
income
576
700
-
-
surtax
-
-
-
-
total
576
700
-
-
Dividends
1 482
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
1 283
1 177
After tax
1 308
1 260
1 217
1 323
Living cost
271
271
271
271
Free-cash
1 037
989
946
1 052

Estimated living cost  is £271 per week

£157
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 Marseille model

Close
Vilnius , Lithuania
£1338
£725
£1418
£1342
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
298
-
2 500
-
social contributions
41
-
345
-
income
50
-
1 068
-
health
21
-
175
-
total
112
-
1 588
-
Employer
298
-
2 500
-
total
-
-
-
-
Corporate
2 202
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
2 092
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
187
187
187
187
Free-cash
1 342
1 338
725
1 418

Estimated living cost  is £187 per week

£125
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.
£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
£1061
£331
£962
£1051
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
-
-
-
893
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
10
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 228
Employee
440
351
2 122
-
other
4
4
10
-
unemployment
13
11
31
-
pensions
45
36
105
-
income
50
26
773
-
health
17
14
40
-
total
129
91
959
-
Employer
440
351
2 122
-
chamber of commerce
2
1
8
-
health
17
13
39
-
pensions
55
44
129
-
accident
6
5
13
-
unemployment
13
11
31
-
surtax
2
2
2
-
payroll
13
11
64
-
other
21
17
92
-
total
129
104
378
-
Corporate
1 932
2 047
2 089
-
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.

483
512
522
-
total
483
512
522
-
Dividends
1 449
1 535
-
-
withholding
398
422
-
-
total
398
422
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 139
1 129
1 859
1 228
After tax
1 361
1 371
641
1 272
Living cost
310
310
310
310
Free-cash
1 051
1 061
331
962

Estimated living cost  is £310 per week

£207
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£506
£769
£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
-
-
-
219
national
-
-
-
1 054
total
-
-
-
1 410
Employee

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

630
-
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
194
-
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.

30
-
91
-
total
309
-
1 109
-
Employer

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

630
-
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
1 687
2 500
-
-
income
339
575
-
-
surtax
7
11
-
-
total
346
586
-
-
Dividends
1 341
1 914
-
-
withholding

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

399
571
-
-
total
399
571
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 237
1 157
1 673
1 410
After tax
1 263
1 343
827
1 090
Living cost
321
321
321
321
Free-cash
942
1 022
506
769

Estimated living cost  is £321 per week

£207
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
£1337
£1036
£1074
£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
-
-
-
863
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
1 108
Employee
438
-
2 240
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
21
-
38
-
income
92
-
833
-
total
120
-
885
-
Employer
438
-
2 240
-
pensions
103
-
193
-
accident
9
-
16
-
unemployment
24
-
45
-
other
3
-
7
-
total
139
-
261
-
Corporate
1 922
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.

288
375
-
-
total
288
375
-
-
Dividends
1 634
2 125
-
-
withholding
357
470
-
-
total
357
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
904
845
1 146
1 108
After tax
1 596
1 655
1 354
1 392
Living cost
318
318
318
318
Free-cash
1 278
1 337
1 036
1 074

Estimated living cost  is £318 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Barcelona model

Close
Luxembourg , Luxembourg
£892
£766
£703
£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
-
-
-
558
surtax
-
-
-
131
health
-
-
-
145
pensions
-
-
-
310
total
-
-
-
1 319
Employee
666
-
2 250
-
pensions
53
-
168
-
surtax
41
-
139
-
income
64
-
605
-
health
30
-
93
-
total
188
-
1 005
-
Employer
666
-
2 250
-
health
20
-
64
-
pensions
53
-
168
-
accident
6
-
19
-
total
79
-
251
-
Corporate
1 754
2 500
-
-
communal
118
169
-
-
income
263
375
-
-
surtax
18
26
-
-
total
399
570
-
-
Dividends
1 354
1 930
-
-
income
380
270
-
-
withholding
203
290
-
-
total
583
560
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 249
1 130
1 256
1 319
After tax
1 251
1 370
1 244
1 181
Living cost
478
478
478
478
Free-cash
773
892
766
703

Estimated living cost  is £478 per week

£359
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
£1375
£919
£973
£1345
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
-
-
-
857
other
-
-
-
-
surtax
-
-
-
152
unemployment
-
-
-
2
health
-
-
-
83
pensions
-
-
-
235
total
-
-
-
1 329
Employee
296
-
2 253
-
other
-
-
-
-
unemployment
21
-
82
-
pensions
20
-
78
-
surtax
1
-
141
-
income
50
-
805
-
health
8
-
30
-
total
100
-
1 136
-
Employer
296
-
2 253
-
health
13
-
53
-
pensions
40
-
157
-
unemployment
9
-
37
-
other
-
-
-
-
total
62
-
247
-
Corporate
2 141
2 500
-
-
income
557
650
-
-
total
557
650
-
-
Dividends
1 585
1 850
-
-
withholding
238
277
-
-
total
238
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
957
927
1 383
1 329
After tax
1 543
1 573
1 117
1 171
Living cost
198
198
198
198
Free-cash
1 345
1 375
919
973

Estimated living cost  is £198 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.
£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 of data for Athens model

Close
Naples , Italy
£1077
£919
£993
£1056
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
-
-
-
440
regional
-
-
-
42
municipal
-
-
-
16
national
-
-
-
772
total
-
-
-
1 270
Employee
488
-
2 500
-
municipal
3
-
15
-
national
77
-
713
-
regional
7
-
39
-
social contributions
165
-
577
-
total
252
-
1 344
-
Employer
488
-
2 500
-
total
-
-
-
-
Corporate
2 012
2 500
-
-
municipal
100
124
-
-
nationa
483
600
-
-
total
583
724
-
-
Dividends
1 429
1 776
-
-
withholding
372
462
-
-
total
372
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 207
1 186
1 344
1 270
After tax
1 293
1 314
1 156
1 230
Living cost
237
237
237
237
Free-cash
1 056
1 077
919
993

Estimated living cost  is £237 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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£1451
£1132
£1246
£1354
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
-
-
-
315
solidarity contribution
-
-
-
54
health
-
-
-
338
total
-
-
-
984
Employee
397
-
2 046
-
solidarity contribution
-
-
43
-
social contributions
26
-
70
-
income
48
-
255
-
health
54
-
276
-
total
128
-
644
-
Employer
397
-
2 046
-
health
36
-
184
-
social contributions
99
-
270
-
total
135
-
454
-
Corporate
1 969
2 500
-
-
income
374
475
-
-
total
374
475
-
-
Dividends
1 594
2 025
-
-
withholding
239
304
-
-
total
239
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
876
779
1 098
984
After tax
1 624
1 721
1 402
1 516
Living cost
270
270
270
270
Free-cash
1 354
1 451
1 132
1 246

Estimated living cost  is £270 per week

£201
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.
£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 Prague model

Close
Graz , Austria
£1092
£359
£993
£1089
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
-
-
-
893
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
10
health
-
-
-
79
pensions
-
-
-
190
total
-
-
-
1 226
Employee
385
351
2 124
-
other
4
4
10
-
unemployment
12
11
31
-
pensions
39
36
105
-
income
34
26
774
-
health
15
14
40
-
total
104
91
960
-
Employer
385
351
2 124
-
chamber of commerce
2
1
9
-
health
15
13
39
-
pensions
48
44
129
-
accident
5
5
13
-
unemployment
12
11
31
-
surtax
-
-
-
-
payroll
12
11
64
-
other
18
17
92
-
total
112
102
377
-
Corporate
2 005
2 048
2 091
-
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.

501
512
523
-
total
501
512
523
-
Dividends
1 503
1 536
-
-
withholding
413
422
-
-
total
413
422
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 130
1 127
1 860
1 226
After tax
1 370
1 373
640
1 274
Living cost
281
281
281
281
Free-cash
1 089
1 092
359
993

Estimated living cost  is £281 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.
£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

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
£1485
£816
£869
£1412
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
-
-
-
688
unemployment
-
-
-
4
health
-
-
-
246
pensions
-
-
-
457
total
-
-
-
1 395
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.

389
-
2 163
-
unemployment
1
-
3
-
pensions
60
-
335
-
income
67
-
634
-
health
25
-
140
-
total
153
-
1 112
-
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.

389
-
2 163
-
health
26
-
144
-
pensions
34
-
191
-
unemployment
-
-
1
-
total
60
-
336
-
Corporate
2 050
2 500
-
-
income
390
475
-
-
total
390
475
-
-
Dividends
1 661
2 025
-
-
withholding
249
304
-
-
total
249
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
852
779
1 448
1 395
After tax
1 648
1 721
1 052
1 105
Living cost
236
236
236
236
Free-cash
1 412
1 485
816
869

Estimated living cost  is £236 per week

£162
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
£1140
£2003
£1347
£720
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
546
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
546
-
-
-
social contributions
770
-
110
-
total
770
-
110
-
Corporate
1 185
2 500
-
-
income
261
550
-
-
total
261
550
-
-
Dividends
924
1 950
-
-
income
203
429
-
-
total
203
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 399
979
116
772
After tax
1 101
1 521
2 384
1 728
Living cost
381
381
381
381
Free-cash
720
1 140
2 003
1 347

Estimated living cost  is £381 per week

£247
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.
£93
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
£1146
£787
£1002
£1137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
353
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 222
Employee
405
-
2 020
-
surtax
-
-
12
-
social contributions
45
-
222
-
income
84
-
723
-
total
129
-
957
-
Employer
405
-
2 020
-
social contributions
96
-
480
-
total
96
-
480
-
Corporate
1 999
2 500
-
-
income
420
525
-
-
surtax
-
-
-
-
total
420
525
-
-
Dividends
1 579
1 975
-
-
withholding
442
553
-
-
total
442
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 087
1 078
1 437
1 222
After tax
1 413
1 422
1 063
1 278
Living cost
276
276
276
276
Free-cash
1 137
1 146
787
1 002

Estimated living cost  is £276 per week

£207
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.
£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 Lisbon model

Close
Paris , France
£835
£792
£898
£895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
538
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
135
pensions
-
-
-
355
total
-
-
-
1 177
Employee
551
-
1 884
-
pensions
62
-
152
-
surtax
-
-
-
-
social contributions
16
-
54
-
income
48
-
462
-
total
126
-
668
-
Employer
551
-
1 884
-
health
39
-
199
-
pensions
91
-
252
-
unemployment
22
-
76
-
social contributions
2
-
6
-
other
19
-
82
-
total
173
-
615
-
Corporate
1 777
2 500
-
-
income
497
700
-
-
surtax
-
-
-
-
total
497
700
-
-
Dividends
1 279
1 800
-
-
surtax
-
-
-
-
social contributions
220
310
-
-
withholding
164
230
-
-
total
384
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 180
1 240
1 283
1 177
After tax
1 320
1 260
1 217
1 323
Living cost
425
425
425
425
Free-cash
895
835
792
898

Estimated living cost  is £425 per week

£288
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.
£97
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
£1985
£1610
£1543
£1956
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
283
-
2 164
-
income
-
-
149
-
social contributions
18
-
141
-
total
18
-
290
-
Employer
283
-
2 164
-
social contributions
44
-
335
-
total
44
-
335
-
Corporate
2 173
2 500
-
-
income
217
250
-
-
total
217
250
-
-
Dividends
1 956
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
279
250
625
692
After tax
2 221
2 250
1 875
1 808
Living cost
265
265
265
265
Free-cash
1 956
1 985
1 610
1 543

Estimated living cost  is £265 per week

£171
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£585
£585
£996
£282
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
1 786
1 786
1 786
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 786
1 786
1 786
-
national
219
219
219
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
748
748
748
-
Corporate
586
-
-
-
income
129
-
-
-
total
129
-
-
-
Dividends
457
-
-
-
withholding
174
-
-
-
total
174
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 795
1 492
1 492
1 081
After tax
705
1 008
1 008
1 419
Living cost
423
423
423
423
Free-cash
282
585
585
996

Estimated living cost  is £423 per week

£290
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.
£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.
£90
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
£10
£1197
£1514
£174
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
304
-
2 307
-
pensions
34
-
68
-
income
42
-
584
-
health
35
-
264
-
total
111
-
916
-
Employer
304
-
2 307
-
pensions
49
-
98
-
accident
5
-
39
-
unemployment
7
-
57
-
total
61
-
194
-
Corporate
2 134
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.

1 920
2 250
-
-
total
1 920
2 250
-
-
Dividends
213
250
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 133
2 297
1 110
793
After tax
367
203
1 390
1 707
Living cost
193
193
193
193
Free-cash
174
10
1 197
1 514

Estimated living cost  is £193 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1147
£849
£1136
£1197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
547
total
-
-
-
1 026
Employee
463
-
2 103
-
municipal
76
-
342
-
unemployment
7
-
32
-
pensions
31
-
142
-
national
8
-
371
-
health
3
-
29
-
total
125
-
916
-
Employer
463
-
2 103
-
health
4
-
16
-
pensions
80
-
365
-
accident
-
-
2
-
unemployment
3
-
14
-
total
87
-
397
-
Corporate
1 950
2 500
-
-
income
390
500
-
-
total
390
500
-
-
Dividends

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

1 170
1 500
-
-
municipal
211
270
-
-
national
152
245
-
-
total
363
515
-
-
Income
2 500
2 500
2 500
2 500
Total tax
965
1 015
1 313
1 026
After tax
1 535
1 485
1 187
1 474
Living cost
338
338
338
338
Free-cash
1 197
1 147
849
1 136

Estimated living cost  is £338 per week

£221
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
£1616
£1438
£1457
£1568
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
-
-
-
633
social contributions
-
-
-
142
health
-
-
-
64
total
-
-
-
839
Employee
677
677
2 380
-
social contributions
26
56
76
-
income
74
63
622
-
health
5
12
40
-
total
105
131
738
-
Employer
677
677
2 380
-
health
6
13
44
-
social contributions
26
56
76
-
total
32
69
120
-
Corporate
2 160
1 755
-
-
income
270
219
-
-
total
270
219
-
-
Dividends
1 890
1 535
-
-
withholding
321
261
-
-
total
321
261
-
-
Income
2 500
2 500
2 500
2 500
Total tax
728
680
858
839
After tax
1 772
1 820
1 642
1 661
Living cost
204
204
204
204
Free-cash
1 568
1 616
1 438
1 457

Estimated living cost  is £204 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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1930
£1834
£2010
£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.

202
-
2 414
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
240
-
health
17
-
71
-
total
62
-
440
-
Employer

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

202
-
2 414
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
2 277
2 500
-
-
income
205
225
-
-
total
205
225
-
-
Dividends
2 072
2 275
-
-
withholding
186
205
-
-
total
186
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
474
430
526
350
After tax
2 026
2 070
1 974
2 150
Living cost
140
140
140
140
Free-cash
1 886
1 930
1 834
2 010

Estimated living cost  is £140 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
£1413
£1112
£1150
£1374
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
-
-
-
863
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
1 108
Employee
325
-
2 240
-
other
-
-
1
-
unemployment
5
-
13
-
pensions
15
-
38
-
income
63
-
833
-
total
83
-
885
-
Employer
325
-
2 240
-
pensions
77
-
193
-
accident
6
-
16
-
unemployment
18
-
45
-
other
3
-
7
-
total
104
-
261
-
Corporate
2 071
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
1 760
2 125
-
-
withholding
386
470
-
-
total
386
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
884
845
1 146
1 108
After tax
1 616
1 655
1 354
1 392
Living cost
242
242
242
242
Free-cash
1 374
1 413
1 112
1 150

Estimated living cost  is £242 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
-
-
-
864
health
-
-
-
9
pensions
-
-
-
12
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
£1514
£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
-
-
-
169
total
-
-
-
834
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
32
-
588
-
health
12
-
33
-
total
78
-
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
2 230
2 500
-
-
income
334
375
-
-
total
334
375
-
-
Dividends
1 895
2 125
-
-
withholding
284
319
-
-
total
284
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
737
694
833
834
After tax
1 763
1 806
1 667
1 666
Living cost
152
152
152
152
Free-cash
1 611
1 654
1 515
1 514

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
£1185
£826
£1041
£1182
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
-
-
-
353
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 222
Employee
342
-
2 020
-
surtax
-
-
12
-
social contributions
38
-
222
-
income
67
-
723
-
total
105
-
957
-
Employer
342
-
2 020
-
social contributions
81
-
480
-
total
81
-
480
-
Corporate
2 077
2 500
-
-
income
436
525
-
-
surtax
-
-
-
-
total
436
525
-
-
Dividends
1 641
1 975
-
-
withholding
459
553
-
-
total
459
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 081
1 078
1 437
1 222
After tax
1 419
1 422
1 063
1 278
Living cost
237
237
237
237
Free-cash
1 182
1 185
826
1 041

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Porto model

Close
Madrid , Spain
£1346
£1045
£1083
£1290
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
-
-
-
863
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
231
total
-
-
-
1 108
Employee
425
-
2 240
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
89
-
833
-
total
116
-
885
-
Employer
425
-
2 240
-
pensions
100
-
193
-
accident
8
-
16
-
unemployment
23
-
45
-
other
3
-
7
-
total
134
-
261
-
Corporate
1 939
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
1 649
2 125
-
-
withholding
360
470
-
-
total
360
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
309
309
309
309
Free-cash
1 290
1 346
1 045
1 083

Estimated living cost  is £309 per week

£222
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
£1987
£2001
£1892
£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.

-
-
-
46
total
-
-
-
457
Employee
201
-
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
201
-
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
2 260
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 034
2 250
-
-
withholding
102
112
-
-
total
102
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
416
362
348
457
After tax
2 084
2 138
2 152
2 043
Living cost
151
151
151
151
Free-cash
1 933
1 987
2 001
1 892

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
£944
£1174
£874
£1060
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.

-
-
-
878
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
-
-
-
1 286
Employee

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

438
-
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
-
878
-
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
-
986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 062
2 500
-
-
income
309
375
-
-
surtax

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

17
21
-
-
chamber of commerce
4
5
-
-
trade
296
359
-
-
total
626
760
-
-
Dividends
1 435
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
1 100
1 216
986
1 286
After tax
1 400
1 284
1 514
1 214
Living cost
340
340
340
340
Free-cash
1 060
944
1 174
874

Estimated living cost  is £340 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1248
£705
£705
£1269
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
688
-
2 500
-
income
130
-
855
-
social contributions
57
-
439
-
total
187
-
1 294
-
Employer
688
-
2 500
-
total
-
-
-
-
Corporate
1 812
2 500
-
-
income
226
313
-
-
total
226
313
-
-
Dividends
1 585
2 187
-
-
withholding
317
438
-
-
total
317
438
-
-
Income
2 500
2 500
2 500
2 500
Total tax
730
751
1 294
1 294
After tax
1 770
1 749
1 206
1 206
Living cost
501
501
501
501
Free-cash
1 269
1 248
705
705

Estimated living cost  is £501 per week

£381
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
£1260
£1402
£1752
£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 500
income
-
-
-
375
health

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

-
-
-
54
total
-
-
-
429
Employee
404
-
2 460
-
income
44
-
699
-
social contributions
40
-
40
-
total
84
-
739
-
Employer
404
-
2 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
2 056
2 500
-
-
income
720
875
-
-
total
720
875
-
-
Dividends
1 336
1 625
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 500
2 500
2 500
2 500
Total tax
890
921
779
429
After tax
1 610
1 579
1 721
2 071
Living cost
319
319
319
319
Free-cash
1 291
1 260
1 402
1 752

Estimated living cost  is £319 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
£1177
£1494
£169
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
335
-
2 307
-
pensions
38
-
68
-
income
46
-
584
-
health
38
-
264
-
total
122
-
916
-
Employer
335
-
2 307
-
pensions
54
-
98
-
accident
6
-
39
-
unemployment
8
-
57
-
total
68
-
194
-
Corporate
2 097
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.

1 888
2 250
-
-
total
1 888
2 250
-
-
Dividends
210
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 118
2 297
1 110
793
After tax
382
203
1 390
1 707
Living cost
213
213
213
213
Free-cash
169
-10
1 177
1 494

Estimated living cost  is £213 per week

£156
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
£1793
£1761
£1567
£1767
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
-
-
-
259
total
-
-
-
814
Employee

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

190
-
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
2 310
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
814
After tax
1 886
1 912
1 880
1 686
Living cost
119
119
119
119
Free-cash
1 767
1 793
1 761
1 567

Estimated living cost  is £119 per week

£74
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
£966
£781
£852
£927
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
-
-
-
440
regional
-
-
-
66
municipal
-
-
-
19
national
-
-
-
772
total
-
-
-
1 297
Employee
742
-
2 500
-
municipal
4
-
17
-
national
125
-
713
-
regional
11
-
61
-
social contributions
250
-
577
-
total
390
-
1 368
-
Employer
742
-
2 500
-
total
-
-
-
-
Corporate
1 758
2 500
-
-
municipal
85
120
-
-
nationa
422
600
-
-
total
507
720
-
-
Dividends
1 252
1 780
-
-
withholding
325
463
-
-
total
325
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 222
1 183
1 368
1 297
After tax
1 278
1 317
1 132
1 203
Living cost
351
351
351
351
Free-cash
927
966
781
852

Estimated living cost  is £351 per week

£246
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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