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
£995
£1093
£919
£1249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
330
income

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

-
-
-
880
health

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

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

-
-
-
59
surtax

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

-
-
-
48
total
-
-
-
1 317
Employee

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

333
-
2 500
-
health

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

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

59
-
59
-
surtax

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

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
-
880
-
total
69
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 167
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.

18
21
-
-
income
325
375
-
-
trade
341
394
-
-
chamber of commerce
4
5
-
-
total
688
795
-
-
Dividends
1 478
1 706
-
-
surtax

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

20
23
-
-
withholding
366
423
-
-
total
386
446
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 143
1 241
987
1 317
After tax
1 357
1 259
1 513
1 183
Living cost
264
264
264
264
Free-cash
1 093
995
1 249
919

Estimated living cost  is £264 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£1120
£1114
£944
£959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
281
pensions
-
-
-
300
national
-
-
-
508
social contributions
-
-
-
27
total
-
-
-
1 116
Employee
682
-
2 161
-
municipal
84
-
290
-
pensions
27
-
86
-
national
130
-
529
-
total
241
-
905
-
Employer
682
-
2 161
-
social contributions
7
-
23
-
pensions
55
-
173
-
total
62
-
196
-
Corporate
1 712
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%.

342
500
-
-
total
342
500
-
-
Dividends
1 369
2 000
-
-
withholding
301
440
-
-
total
301
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
946
940
1 101
1 116
After tax
1 554
1 560
1 399
1 384
Living cost
440
440
440
440
Free-cash
1 114
1 120
959
944

Estimated living cost  is £440 per week

£299
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.
£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.
£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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£1819
£1748
£766
£934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
2 500
microenterprise
-
-
-
-
income
-
-
-
583
surtax
-
-
-
637
social contributions

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

-
-
-
333
total
-
-
-
1 553
Employee
254
-
2 027
-
social contributions

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

28
-
114
-
surtax
-
-
294
-
income
45
-
504
-
total
73
-
912
-
Employer
254
-
2 027
-
social contributions

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

61
-
250
-
surtax
-
-
223
-
total
61
-
473
-
Corporate
2 184
2 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

437
500
-
-
total
437
500
-
-
Dividends

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

1 748
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
571
500
1 385
1 553
After tax
1 929
2 000
1 115
947
Living cost
181
181
181
181
Free-cash
1 748
1 819
934
766

Estimated living cost  is £181 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£886
£833
£948
£1234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
978
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 187
Employee
743
743
2 338
-
health
114
97
107
-
income

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

122
122
531
-
pensions
134
102
102
-
total
370
321
740
-
Employer
743
743
2 338
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
1 636
1 627
-
-
income
327
325
-
-
total
327
325
-
-
Dividends
1 309
1 301
-
-
income
278
277
-
-
withholding
196
195
-
-
total
474
472
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 302
1 249
901
1 187
After tax
1 198
1 251
1 599
1 313
Living cost
365
365
365
365
Free-cash
833
886
1 234
948

Estimated living cost  is £365 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1029
£1021
£884
£878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
682
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
384
total
-
-
-
1 280
Employee
479
-
2 268
-
municipal
143
-
676
-
national
-
-
379
-
total
143
-
1 055
-
Employer
479
-
2 268
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
1 870
2 500
-
-
income
411
550
-
-
total
411
550
-
-
Dividends
1 459
1 950
-
-
withholding
438
585
-
-
total
438
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 143
1 135
1 286
1 280
After tax
1 357
1 365
1 214
1 220
Living cost
336
336
336
336
Free-cash
1 021
1 029
878
884

Estimated living cost  is £336 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Stockholm model

Close
Hamburg , Germany
£904
£1027
£826
£1171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
345
income

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

-
-
-
880
health

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

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

-
-
-
59
surtax

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

-
-
-
48
total
-
-
-
1 332
Employee

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

441
-
2 500
-
health

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

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

59
-
59
-
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
-
880
-
total
99
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 059
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.

17
21
-
-
income
309
375
-
-
trade
339
411
-
-
chamber of commerce
4
5
-
-
total
669
812
-
-
Dividends
1 390
1 688
-
-
surtax

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

19
23
-
-
withholding
344
419
-
-
total
363
442
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 131
1 254
987
1 332
After tax
1 369
1 246
1 513
1 168
Living cost
342
342
342
342
Free-cash
1 027
904
1 171
826

Estimated living cost  is £342 per week

£229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1539
£1501
£1378
£1359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
635
health
-
-
-
64
social contributions
-
-
-
141
total
-
-
-
840
Employee
669
669
2 381
-
social contributions
33
56
75
-
health
7
11
40
-
income
70
62
625
-
total
110
129
740
-
Employer
669
669
2 381
-
social contributions
33
56
75
-
health
7
12
44
-
total
40
68
119
-
Corporate
2 069
1 763
-
-
income
259
220
-
-
total
259
220
-
-
Dividends
1 810
1 543
-
-
withholding
308
262
-
-
total
308
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
717
679
859
840
After tax
1 783
1 821
1 641
1 660
Living cost
282
282
282
282
Free-cash
1 501
1 539
1 359
1 378

Estimated living cost  is £282 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1246
£1248
£1574
£1292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
306
pensions
-
-
-
250
unemployment
-
-
-
37
health
-
-
-
175
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.

228
91
2 092
-
health
16
6
146
-
income
28
11
256
-
pensions
23
9
209
-
unemployment
3
1
31
-
total
70
27
642
-
Employer

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

The minimum wage is 138,000 HUF per month.

228
91
2 092
-
pensions
45
18
408
-
total
45
18
408
-
Corporate
2 227
2 391
-
-
income
200
215
-
-
total
200
215
-
-
Dividends
2 027
2 176
-
-
social contributions
394
423
-
-
withholding
385
413
-
-
total
779
836
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 094
1 096
1 050
768
After tax
1 406
1 404
1 450
1 732
Living cost
158
158
158
158
Free-cash
1 248
1 246
1 292
1 574

Estimated living cost  is £158 per week

£108
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£1790
£1736
£1130
£1231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
335
pensions
-
-
-
500
health
-
-
-
325
total
-
-
-
1 160
Employee
247
-
1 868
-
income
28
-
360
-
pensions
5
-
37
-
unemployment
4
-
30
-
total
37
-
427
-
Employer
247
-
1 868
-
unemployment
2
-
15
-
pensions
49
-
374
-
health
32
-
243
-
total
83
-
632
-
Corporate
2 170
2 500
-
-
income
434
500
-
-
total
434
500
-
-
Dividends
1 736
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
554
500
1 059
1 160
After tax
1 946
2 000
1 441
1 340
Living cost
210
210
210
210
Free-cash
1 736
1 790
1 231
1 130

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£12
£173
£1516
£1202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
794
Employee
299
-
2 310
-
health
34
-
264
-
income
41
-
587
-
pensions
34
-
66
-
total
109
-
917
-
Employer
299
-
2 310
-
accident
5
-
39
-
unemployment
7
-
57
-
pensions
49
-
95
-
total
61
-
191
-
Corporate
2 140
2 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £190 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£2297
£2282
£2397
£1922
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
98
-
2 500
-
income
20
-
500
-
total
20
-
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%.

2 402
2 500
-
-
total
-
-
-
-
Dividends
2 402
2 500
-
-
withholding
120
125
-
-
total
120
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
140
125
500
25
After tax
2 360
2 375
2 000
2 475
Living cost
78
78
78
78
Free-cash
2 282
2 297
1 922
2 397

Estimated living cost  is £78 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
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
£1605
£1547
£1350
£1331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
479
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.

-
-
-
318
other
-
-
-
63
health
-
-
-
58
total
-
-
-
918
Employee
316
-
2 160
-
health
4
-
19
-
income
54
-
472
-
pensions

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

22
-
93
-
unemployment
3
-
13
-
total
83
-
597
-
Employer
316
-
2 160
-
accident
3
-
17
-
other
16
-
66
-
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.

54
-
225
-
health
4
-
19
-
total
80
-
340
-
Corporate
2 104
2 500
-
-
income
442
525
-
-
total
442
525
-
-
Dividends
1 663
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
937
918
After tax
1 779
1 837
1 563
1 582
Living cost
232
232
232
232
Free-cash
1 547
1 605
1 331
1 350

Estimated living cost  is £232 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£949
£1018
£1001
£781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£2024
£1983
£1930
£2038
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
456
Employee
151
-
2 440
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
244
-
pensions

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

13
-
27
-
total
37
-
288
-
Employer
151
-
2 440
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
2 319
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 087
2 250
-
-
withholding
104
112
-
-
total
104
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
403
362
348
456
After tax
2 097
2 138
2 152
2 044
Living cost
114
114
114
114
Free-cash
1 983
2 024
2 038
1 930

Estimated living cost  is £114 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.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£768
£791
£830
£1116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
978
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 187
Employee
807
743
2 338
-
health
101
97
107
-
income

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

122
122
531
-
pensions
102
102
102
-
total
325
321
740
-
Employer
807
743
2 338
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
1 552
1 627
-
-
income
310
325
-
-
total
310
325
-
-
Dividends
1 242
1 301
-
-
income
264
277
-
-
withholding
186
195
-
-
total
450
472
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 226
1 249
901
1 187
After tax
1 274
1 251
1 599
1 313
Living cost
483
483
483
483
Free-cash
791
768
1 116
830

Estimated living cost  is £483 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1513
£1438
£1318
£1200
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
-
-
-
279
health
-
-
-
337
solidarity contribution
-
-
-
58
social contributions
-
-
-
300
total
-
-
-
974
Employee
306
-
2 058
-
social contributions
20
-
67
-
health
41
-
278
-
solidarity contribution
-
-
48
-
income
37
-
257
-
total
98
-
650
-
Employer
306
-
2 058
-
social contributions
77
-
257
-
health
28
-
185
-
total
105
-
442
-
Corporate
2 089
2 500
-
-
income
397
475
-
-
total
397
475
-
-
Dividends
1 692
2 025
-
-
withholding
254
304
-
-
total
254
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
854
779
1 092
974
After tax
1 646
1 721
1 408
1 526
Living cost
208
208
208
208
Free-cash
1 438
1 513
1 200
1 318

Estimated living cost  is £208 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Brno model

Close
Milan , Italy
£967
£922
£871
£798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
17
regional
-
-
-
34
national
-
-
-
775
social contributions
-
-
-
436
total
-
-
-
1 262
Employee
773
-
2 500
-
social contributions
261
-
571
-
regional
7
-
32
-
municipal
4
-
15
-
national
134
-
717
-
total
406
-
1 335
-
Employer
773
-
2 500
-
total
-
-
-
-
Corporate
1 727
2 500
-
-
nationa
414
600
-
-
municipal
67
97
-
-
total
481
697
-
-
Dividends
1 245
1 802
-
-
withholding
324
469
-
-
total
324
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 211
1 166
1 335
1 262
After tax
1 289
1 334
1 165
1 238
Living cost
367
367
367
367
Free-cash
922
967
798
871

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1381
£1355
£979
£925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
860
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
153
total
-
-
-
1 329
Employee
288
-
2 256
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
142
-
income
48
-
808
-
pensions
19
-
77
-
unemployment
20
-
81
-
total
95
-
1 138
-
Employer
288
-
2 256
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
38
-
155
-
health
13
-
53
-
total
60
-
245
-
Corporate
2 152
2 500
-
-
income
559
650
-
-
total
559
650
-
-
Dividends
1 592
1 850
-
-
withholding
239
277
-
-
total
239
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
192
192
192
192
Free-cash
1 355
1 381
925
979

Estimated living cost  is £192 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£1134
£1191
£1186
£966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
98
total
-
-
-
915
Employee
554
-
2 175
-
health
8
-
28
-
income
100
-
669
-
pensions
47
-
113
-
total
155
-
810
-
Employer
554
-
2 175
-
pensions
60
-
284
-
health
11
-
41
-
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
£485
£766
£1279
£1215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
city
-
-
-
26
pensions
-
-
-
230
other

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

-
-
-
50
regional
-
-
-
158
health
-
-
-
6
national
-
-
-
93
total
-
-
-
563
Employee
770
-
2 264
-
city
8
-
25
-
regional
25
-
144
-
health
2
-
5
-
pensions
65
-
161
-
unemployment
-
-
-
-
national
4
-
81
-
total
104
-
416
-
Employer
770
-
2 264
-
other

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

15
-
45
-
unemployment
-
-
-
-
pensions
65
-
161
-
health
2
-
5
-
total
82
-
211
-
Corporate
1 640
2 500
-
-
regional
347
529
-
-
national
139
212
-
-
total
486
741
-
-
Dividends
1 154
1 759
-
-
withholding
404
616
-
-
total
404
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 076
1 357
627
563
After tax
1 424
1 143
1 873
1 937
Living cost
658
658
658
658
Free-cash
766
485
1 215
1 279

Estimated living cost  is £658 per week

£428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£163
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
£834
£977
£755
£1114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
359
income

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

-
-
-
880
health

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

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

-
-
-
59
surtax

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

-
-
-
48
total
-
-
-
1 346
Employee

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

523
-
2 500
-
health

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

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

59
-
59
-
surtax

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

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.

61
-
880
-
total
123
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 977
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.

16
21
-
-
income
297
375
-
-
trade
339
429
-
-
chamber of commerce
4
5
-
-
total
656
830
-
-
Dividends
1 321
1 671
-
-
surtax

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

18
23
-
-
withholding
327
414
-
-
total
345
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 124
1 267
987
1 346
After tax
1 376
1 233
1 513
1 154
Living cost
399
399
399
399
Free-cash
977
834
1 114
755

Estimated living cost  is £399 per week

£291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£962
£1014
£1023
£914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
541
pensions
-
-
-
354
other
-
-
-
77
health
-
-
-
136
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
372
-
1 883
-
social contributions
11
-
54
-
surtax
-
-
-
-
income
22
-
464
-
pensions
42
-
152
-
total
75
-
670
-
Employer
372
-
1 883
-
other
13
-
83
-
social contributions
1
-
6
-
unemployment
15
-
76
-
pensions
61
-
253
-
health
26
-
200
-
total
116
-
618
-
Corporate
2 011
2 500
-
-
surtax
-
-
-
-
income
563
700
-
-
total
563
700
-
-
Dividends
1 448
1 800
-
-
surtax
-
-
-
-
social contributions
249
310
-
-
withholding
185
230
-
-
total
434
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 188
1 240
1 288
1 179
After tax
1 312
1 260
1 212
1 321
Living cost
298
298
298
298
Free-cash
1 014
962
914
1 023

Estimated living cost  is £298 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£992
£1041
£1053
£944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
541
pensions
-
-
-
354
other
-
-
-
77
health
-
-
-
136
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
332
-
1 883
-
social contributions
9
-
54
-
surtax
-
-
-
-
income
17
-
464
-
pensions
38
-
152
-
total
64
-
670
-
Employer
332
-
1 883
-
other
11
-
83
-
social contributions
1
-
6
-
unemployment
13
-
76
-
pensions
55
-
253
-
health
23
-
200
-
total
103
-
618
-
Corporate
2 064
2 500
-
-
surtax
-
-
-
-
income
578
700
-
-
total
578
700
-
-
Dividends
1 486
1 800
-
-
surtax
-
-
-
-
social contributions
256
310
-
-
withholding
190
230
-
-
total
446
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 191
1 240
1 288
1 179
After tax
1 309
1 260
1 212
1 321
Living cost
268
268
268
268
Free-cash
1 041
992
944
1 053

Estimated living cost  is £268 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£1340
£1345
£1421
£727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
health
-
-
-
174
social contributions
-
-
-
345
total
-
-
-
894
Employee
295
-
2 500
-
social contributions
41
-
345
-
health
21
-
174
-
income
49
-
1 069
-
total
111
-
1 588
-
Employer
295
-
2 500
-
total
-
-
-
-
Corporate
2 205
2 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

110
125
-
-
total
110
125
-
-
Dividends
2 095
2 375
-
-
health
146
166
-
-
social contributions
289
328
-
-
withholding
314
356
-
-
total
749
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
970
975
1 588
894
After tax
1 530
1 525
912
1 606
Living cost
185
185
185
185
Free-cash
1 345
1 340
727
1 421

Estimated living cost  is £185 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£1068
£1051
£965
£332
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
chamber of commerce
-
-
-
10
income
-
-
-
897
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
1 228
Employee
435
347
2 125
-
other
4
3
10
-
health
17
13
39
-
income
50
26
777
-
pensions
45
36
104
-
unemployment
13
10
31
-
total
129
88
961
-
Employer
435
347
2 125
-
accident
6
5
13
-
other
21
16
92
-
chamber of commerce
2
1
9
-
unemployment
13
10
31
-
surtax
2
2
2
-
pensions
55
44
128
-
payroll
13
10
64
-
health
16
13
38
-
total
128
101
377
-
Corporate
1 938
2 052
2 092
-
income

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

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

485
513
523
-
total
485
513
523
-
Dividends
1 454
1 539
-
-
withholding
400
423
-
-
total
400
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 142
1 125
1 861
1 228
After tax
1 358
1 375
639
1 272
Living cost
307
307
307
307
Free-cash
1 051
1 068
332
965

Estimated living cost  is £307 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£1025
£947
£773
£509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
national
-
-
-
1 056
communal

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

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

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

622
-
1 936
-
communal

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

32
-
101
-
health

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

29
-
91
-
pensions

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

47
-
145
-
unemployment

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

5
-
17
-
national
191
-
756
-
total
304
-
1 110
-
Employer

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

622
-
1 936
-
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
-
pensions

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

55
-
172
-
health

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

38
-
119
-
total
181
-
564
-
Corporate
1 696
2 500
-
-
surtax
7
12
-
-
income
343
576
-
-
total
350
588
-
-
Dividends
1 346
1 912
-
-
withholding

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

401
570
-
-
total
401
570
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 236
1 158
1 674
1 410
After tax
1 264
1 342
826
1 090
Living cost
317
317
317
317
Free-cash
947
1 025
509
773

Estimated living cost  is £317 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£1341
£1282
£1078
£1042
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
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 108
Employee
433
-
2 243
-
other
-
-
1
-
income
91
-
836
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
888
-
Employer
433
-
2 243
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
1 929
2 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

289
375
-
-
total
289
375
-
-
Dividends
1 639
2 125
-
-
withholding
359
470
-
-
total
359
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
904
845
1 144
1 108
After tax
1 596
1 655
1 356
1 392
Living cost
314
314
314
314
Free-cash
1 282
1 341
1 042
1 078

Estimated living cost  is £314 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£895
£776
£710
£771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
17
income
-
-
-
562
pensions
-
-
-
306
health
-
-
-
143
surtax
-
-
-
131
communal
-
-
-
158
total
-
-
-
1 317
Employee
659
-
2 253
-
health
29
-
92
-
surtax
40
-
140
-
income
64
-
610
-
pensions
53
-
166
-
total
186
-
1 008
-
Employer
659
-
2 253
-
accident
6
-
19
-
pensions
53
-
166
-
health
20
-
63
-
total
79
-
248
-
Corporate
1 762
2 500
-
-
surtax
18
26
-
-
communal
119
169
-
-
income
264
375
-
-
total
401
570
-
-
Dividends
1 360
1 930
-
-
income
381
272
-
-
withholding
204
290
-
-
total
585
562
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 251
1 132
1 256
1 317
After tax
1 249
1 368
1 244
1 183
Living cost
473
473
473
473
Free-cash
776
895
771
710

Estimated living cost  is £473 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£1378
£1351
£976
£922
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
-
-
-
860
pensions
-
-
-
232
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
153
total
-
-
-
1 329
Employee
293
-
2 256
-
other
-
-
-
-
health
7
-
30
-
surtax
1
-
142
-
income
49
-
808
-
pensions
20
-
77
-
unemployment
20
-
81
-
total
97
-
1 138
-
Employer
293
-
2 256
-
other
-
-
-
-
unemployment
9
-
37
-
pensions
39
-
155
-
health
13
-
53
-
total
61
-
245
-
Corporate
2 145
2 500
-
-
income
558
650
-
-
total
558
650
-
-
Dividends
1 587
1 850
-
-
withholding
238
277
-
-
total
238
277
-
-
Income
2 500
2 500
2 500
2 500
Total tax
954
927
1 383
1 329
After tax
1 546
1 573
1 117
1 171
Living cost
195
195
195
195
Free-cash
1 351
1 378
922
976

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£1080
£1061
£996
£924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
17
regional
-
-
-
42
national
-
-
-
775
social contributions
-
-
-
436
total
-
-
-
1 270
Employee
483
-
2 500
-
social contributions
163
-
571
-
regional
6
-
39
-
municipal
3
-
15
-
national
76
-
717
-
total
248
-
1 342
-
Employer
483
-
2 500
-
total
-
-
-
-
Corporate
2 017
2 500
-
-
nationa
484
600
-
-
municipal
100
124
-
-
total
584
724
-
-
Dividends
1 433
1 776
-
-
withholding
373
462
-
-
total
373
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 205
1 186
1 342
1 270
After tax
1 295
1 314
1 158
1 230
Living cost
234
234
234
234
Free-cash
1 061
1 080
924
996

Estimated living cost  is £234 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£1464
£1373
£1269
£1151
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
-
-
-
279
health
-
-
-
337
solidarity contribution
-
-
-
58
social contributions
-
-
-
300
total
-
-
-
974
Employee
378
-
2 058
-
social contributions
25
-
67
-
health
51
-
278
-
solidarity contribution
-
-
48
-
income
45
-
257
-
total
121
-
650
-
Employer
378
-
2 058
-
social contributions
94
-
257
-
health
34
-
185
-
total
128
-
442
-
Corporate
1 994
2 500
-
-
income
379
475
-
-
total
379
475
-
-
Dividends
1 615
2 025
-
-
withholding
242
304
-
-
total
242
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
870
779
1 092
974
After tax
1 630
1 721
1 408
1 526
Living cost
257
257
257
257
Free-cash
1 373
1 464
1 151
1 269

Estimated living cost  is £257 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Prague model

Close
Graz , Austria
£1098
£1092
£996
£362
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
chamber of commerce
-
-
-
10
income
-
-
-
897
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
1 226
Employee
380
347
2 126
-
other
4
3
10
-
health
15
13
39
-
income
34
26
778
-
pensions
39
36
104
-
unemployment
11
10
31
-
total
103
88
962
-
Employer
380
347
2 126
-
accident
5
5
13
-
other
18
16
92
-
chamber of commerce
2
1
9
-
unemployment
11
10
31
-
surtax
-
-
-
-
pensions
48
44
128
-
payroll
11
10
64
-
health
14
13
38
-
total
109
99
375
-
Corporate
2 010
2 053
2 093
-
income

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

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

503
513
523
-
total
503
513
523
-
Dividends
1 508
1 540
-
-
withholding
415
424
-
-
total
415
424
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 130
1 124
1 860
1 226
After tax
1 370
1 376
640
1 274
Living cost
278
278
278
278
Free-cash
1 092
1 098
362
996

Estimated living cost  is £278 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£2253
£2231
£2353
£1878
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
152
-
2 500
-
income
30
-
500
-
total
30
-
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%.

2 348
2 500
-
-
total
-
-
-
-
Dividends
2 348
2 500
-
-
withholding
117
125
-
-
total
117
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
147
125
500
25
After tax
2 353
2 375
2 000
2 475
Living cost
122
122
122
122
Free-cash
2 231
2 253
1 878
2 353

Estimated living cost  is £122 per week

£83
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.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£1488
£1415
£870
£817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 500
income
-
-
-
690
pensions
-
-
-
457
unemployment
-
-
-
4
health
-
-
-
246
total
-
-
-
1 397
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.

385
-
2 163
-
health
25
-
140
-
income
66
-
636
-
pensions
60
-
335
-
unemployment
1
-
3
-
total
152
-
1 114
-
Employer

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

385
-
2 163
-
unemployment
-
-
1
-
pensions
34
-
191
-
health
26
-
144
-
total
60
-
336
-
Corporate
2 055
2 500
-
-
income
390
475
-
-
total
390
475
-
-
Dividends
1 665
2 025
-
-
withholding
250
304
-
-
total
250
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
852
779
1 450
1 397
After tax
1 648
1 721
1 050
1 103
Living cost
233
233
233
233
Free-cash
1 415
1 488
817
870

Estimated living cost  is £233 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£1145
£731
£1352
£2010
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
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
1 202
2 500
-
-
income
264
550
-
-
total
264
550
-
-
Dividends
937
1 950
-
-
income
206
429
-
-
total
206
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 393
979
114
772
After tax
1 107
1 521
2 386
1 728
Living cost
376
376
376
376
Free-cash
731
1 145
2 010
1 352

Estimated living cost  is £376 per week

£244
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.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£1149
£1141
£1004
£788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
869
total
-
-
-
1 223
Employee
400
-
2 020
-
social contributions
44
-
222
-
surtax
-
-
12
-
income
83
-
725
-
total
127
-
959
-
Employer
400
-
2 020
-
social contributions
95
-
480
-
total
95
-
480
-
Corporate
2 005
2 500
-
-
surtax
-
-
-
-
income
421
525
-
-
total
421
525
-
-
Dividends
1 584
1 975
-
-
withholding
443
553
-
-
total
443
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 086
1 078
1 439
1 223
After tax
1 414
1 422
1 061
1 277
Living cost
273
273
273
273
Free-cash
1 141
1 149
788
1 004

Estimated living cost  is £273 per week

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

Source of data for Lisbon model

Close
Paris , France
£840
£898
£901
£792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
541
pensions
-
-
-
354
other
-
-
-
77
health
-
-
-
136
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 179
Employee
545
-
1 883
-
social contributions
16
-
54
-
surtax
-
-
-
-
income
48
-
464
-
pensions
62
-
152
-
total
126
-
670
-
Employer
545
-
1 883
-
other
19
-
83
-
social contributions
2
-
6
-
unemployment
22
-
76
-
pensions
90
-
253
-
health
38
-
200
-
total
171
-
618
-
Corporate
1 785
2 500
-
-
surtax
-
-
-
-
income
500
700
-
-
total
500
700
-
-
Dividends
1 285
1 800
-
-
surtax
-
-
-
-
social contributions
221
310
-
-
withholding
164
230
-
-
total
385
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 182
1 240
1 288
1 179
After tax
1 318
1 260
1 212
1 321
Living cost
420
420
420
420
Free-cash
898
840
792
901

Estimated living cost  is £420 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£1988
£1959
£1546
£1612
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
280
-
2 165
-
income
-
-
150
-
social contributions
18
-
141
-
total
18
-
291
-
Employer
280
-
2 165
-
social contributions
43
-
335
-
total
43
-
335
-
Corporate
2 177
2 500
-
-
income
218
250
-
-
total
218
250
-
-
Dividends
1 959
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
279
250
626
692
After tax
2 221
2 250
1 874
1 808
Living cost
262
262
262
262
Free-cash
1 959
1 988
1 612
1 546

Estimated living cost  is £262 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£603
£290
£1000
£603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
549
pensions
-
-
-
8
national
-
-
-
325
labour market
-
-
-
199
total
-
-
-
1 081
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
603
-
-
-
income
133
-
-
-
total
133
-
-
-
Dividends
471
-
-
-
withholding
180
-
-
-
total
180
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 791
1 478
1 478
1 081
After tax
709
1 022
1 022
1 419
Living cost
419
419
419
419
Free-cash
290
603
603
1 000

Estimated living cost  is £419 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£14
£174
£1518
£1204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
794
Employee
295
-
2 310
-
health
34
-
264
-
income
40
-
587
-
pensions
33
-
66
-
total
107
-
917
-
Employer
295
-
2 310
-
accident
5
-
39
-
unemployment
7
-
57
-
pensions
48
-
95
-
total
60
-
191
-
Corporate
2 145
2 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £188 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£1148
£1200
£1138
£851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
2 500
municipal
-
-
-
444
health
-
-
-
35
national
-
-
-
549
total
-
-
-
1 028
Employee
458
-
2 103
-
health
3
-
29
-
municipal
75
-
342
-
pensions
31
-
142
-
unemployment
7
-
32
-
national
8
-
373
-
total
124
-
918
-
Employer
458
-
2 103
-
accident
-
-
2
-
unemployment
3
-
14
-
pensions
79
-
365
-
health
4
-
16
-
total
86
-
397
-
Corporate
1 956
2 500
-
-
income
391
500
-
-
total
391
500
-
-
Dividends

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

1 173
1 500
-
-
national
154
248
-
-
municipal
211
270
-
-
total
365
518
-
-
Income
2 500
2 500
2 500
2 500
Total tax
966
1 018
1 315
1 028
After tax
1 534
1 482
1 185
1 472
Living cost
334
334
334
334
Free-cash
1 200
1 148
851
1 138

Estimated living cost  is £334 per week

£218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£1620
£1572
£1459
£1440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
635
health
-
-
-
64
social contributions
-
-
-
141
total
-
-
-
840
Employee
669
669
2 381
-
social contributions
25
56
75
-
health
5
11
40
-
income
73
62
625
-
total
103
129
740
-
Employer
669
669
2 381
-
social contributions
25
56
75
-
health
6
12
44
-
total
31
68
119
-
Corporate
2 164
1 763
-
-
income
271
220
-
-
total
271
220
-
-
Dividends
1 894
1 543
-
-
withholding
322
262
-
-
total
322
262
-
-
Income
2 500
2 500
2 500
2 500
Total tax
727
679
859
840
After tax
1 773
1 821
1 641
1 660
Living cost
201
201
201
201
Free-cash
1 572
1 620
1 440
1 459

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£1932
£1887
£2014
£1838
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
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
348
Employee

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

200
-
2 415
-
health
17
-
70
-
income
14
-
241
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
439
-
Employer

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

200
-
2 415
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
2 280
2 500
-
-
income
205
225
-
-
total
205
225
-
-
Dividends
2 075
2 275
-
-
withholding
187
205
-
-
total
187
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
475
430
524
348
After tax
2 025
2 070
1 976
2 152
Living cost
138
138
138
138
Free-cash
1 887
1 932
1 838
2 014

Estimated living cost  is £138 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£1416
£1378
£1153
£1117
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
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 108
Employee
322
-
2 243
-
other
-
-
1
-
income
62
-
836
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
888
-
Employer
322
-
2 243
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
2 076
2 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

311
375
-
-
total
311
375
-
-
Dividends
1 764
2 125
-
-
withholding
387
470
-
-
total
387
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
883
845
1 144
1 108
After tax
1 617
1 655
1 356
1 392
Living cost
239
239
239
239
Free-cash
1 378
1 416
1 117
1 153

Estimated living cost  is £239 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£1536
£1533
£1587
£1585
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
-
-
-
859
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
889
Employee
36
-
2 480
-
health
2
-
4
-
income
7
-
858
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
871
-
Employer
36
-
2 480
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
2 456
2 500
-
-
income
540
550
-
-
total
540
550
-
-
Dividends
1 915
1 950
-
-
withholding
383
390
-
-
total
383
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
943
940
891
889
After tax
1 557
1 560
1 609
1 611
Living cost
24
24
24
24
Free-cash
1 533
1 536
1 585
1 587

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
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.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£1656
£1612
£1518
£1518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

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

227
-
2 385
-
health
12
-
33
-
income
31
-
589
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
717
-
Employer

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

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

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

227
-
2 385
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
2 232
2 500
-
-
income
335
375
-
-
total
335
375
-
-
Dividends
1 898
2 125
-
-
withholding
285
319
-
-
total
285
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
738
694
832
832
After tax
1 762
1 806
1 668
1 668
Living cost
150
150
150
150
Free-cash
1 612
1 656
1 518
1 518

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£1187
£1184
£1042
£826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
869
total
-
-
-
1 223
Employee
338
-
2 020
-
social contributions
37
-
222
-
surtax
-
-
12
-
income
66
-
725
-
total
103
-
959
-
Employer
338
-
2 020
-
social contributions
80
-
480
-
total
80
-
480
-
Corporate
2 082
2 500
-
-
surtax
-
-
-
-
income
437
525
-
-
total
437
525
-
-
Dividends
1 645
1 975
-
-
withholding
461
553
-
-
total
461
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 081
1 078
1 439
1 223
After tax
1 419
1 422
1 061
1 277
Living cost
235
235
235
235
Free-cash
1 184
1 187
826
1 042

Estimated living cost  is £235 per week

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

Source of data for Porto model

Close
Madrid , Spain
£1349
£1292
£1086
£1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
7
income
-
-
-
866
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 108
Employee
420
-
2 243
-
other
-
-
1
-
income
88
-
836
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
888
-
Employer
420
-
2 243
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 946
2 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

292
375
-
-
total
292
375
-
-
Dividends
1 654
2 125
-
-
withholding
362
470
-
-
total
362
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
902
845
1 144
1 108
After tax
1 598
1 655
1 356
1 392
Living cost
306
306
306
306
Free-cash
1 292
1 349
1 050
1 086

Estimated living cost  is £306 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£1988
£1935
£1894
£2002
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
456
Employee
198
-
2 440
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
244
-
pensions

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

17
-
27
-
total
48
-
288
-
Employer
198
-
2 440
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
2 263
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 036
2 250
-
-
withholding
102
112
-
-
total
102
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
415
362
348
456
After tax
2 085
2 138
2 152
2 044
Living cost
150
150
150
150
Free-cash
1 935
1 988
2 002
1 894

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£948
£1063
£876
£1177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
trade
-
-
-
301
income

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

-
-
-
880
health

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

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

-
-
-
59
surtax

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

-
-
-
48
total
-
-
-
1 288
Employee

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

433
-
2 500
-
health

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

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

59
-
59
-
surtax

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

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
-
880
-
total
97
-
987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 067
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.

17
21
-
-
income
310
375
-
-
trade
297
359
-
-
chamber of commerce
4
5
-
-
total
628
760
-
-
Dividends
1 439
1 741
-
-
surtax

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

20
24
-
-
withholding
356
432
-
-
total
376
456
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 101
1 216
987
1 288
After tax
1 399
1 284
1 513
1 212
Living cost
336
336
336
336
Free-cash
1 063
948
1 177
876

Estimated living cost  is £336 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£1254
£1274
£709
£709
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
856
social contributions
-
-
-
439
total
-
-
-
1 295
Employee
681
-
2 500
-
income
128
-
856
-
social contributions
57
-
439
-
total
185
-
1 295
-
Employer
681
-
2 500
-
total
-
-
-
-
Corporate
1 819
2 500
-
-
income
227
313
-
-
total
227
313
-
-
Dividends
1 592
2 187
-
-
withholding
318
437
-
-
total
318
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
730
750
1 295
1 295
After tax
1 770
1 750
1 205
1 205
Living cost
496
496
496
496
Free-cash
1 274
1 254
709
709

Estimated living cost  is £496 per week

£377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£1263
£1294
£1751
£1403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 500
income
-
-
-
375
health

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

-
-
-
58
total
-
-
-
433
Employee
399
-
2 460
-
income
43
-
701
-
social contributions
40
-
40
-
total
83
-
741
-
Employer
399
-
2 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
2 061
2 500
-
-
income
721
875
-
-
total
721
875
-
-
Dividends
1 340
1 625
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 500
2 500
2 500
2 500
Total tax
890
921
781
433
After tax
1 610
1 579
1 719
2 067
Living cost
316
316
316
316
Free-cash
1 294
1 263
1 403
1 751

Estimated living cost  is £316 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£1209
£1261
£1261
£1041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£4
£172
£1500
£1186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
2
income
-
-
-
734
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
794
Employee
324
-
2 310
-
health
37
-
264
-
income
44
-
587
-
pensions
36
-
66
-
total
117
-
917
-
Employer
324
-
2 310
-
accident
5
-
39
-
unemployment
8
-
57
-
pensions
53
-
95
-
total
66
-
191
-
Corporate
2 110
2 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

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

Estimated living cost  is £206 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£1795
£1768
£1572
£1765
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
work injury
-
-
-
7
health insurance
-
-
-
103
income
-
-
-
427
pensions
-
-
-
256
unemployment
-
-
-
17
total
-
-
-
810
Employee

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

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

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

231
250
-
-
total
231
250
-
-
Dividends
2 081
2 250
-
-
withholding
312
337
-
-
total
312
337
-
-
Income
2 500
2 500
2 500
2 500
Total tax
614
587
617
810
After tax
1 886
1 913
1 883
1 690
Living cost
118
118
118
118
Free-cash
1 768
1 795
1 765
1 572

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£969
£931
£857
£787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
19
regional
-
-
-
66
national
-
-
-
775
social contributions
-
-
-
436
total
-
-
-
1 296
Employee
733
-
2 500
-
social contributions
247
-
571
-
regional
11
-
61
-
municipal
4
-
17
-
national
124
-
717
-
total
386
-
1 366
-
Employer
733
-
2 500
-
total
-
-
-
-
Corporate
1 767
2 500
-
-
nationa
424
600
-
-
municipal
85
121
-
-
total
509
721
-
-
Dividends
1 258
1 779
-
-
withholding
327
463
-
-
total
327
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 222
1 184
1 366
1 296
After tax
1 278
1 316
1 134
1 204
Living cost
347
347
347
347
Free-cash
931
969
787
857

Estimated living cost  is £347 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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