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
£1249
£996
£919
£1093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
881
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
total
-
-
-
1 318
Employee

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

332
-
2 500
-
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
-
881
-
total
69
-
988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 168
2 500
-
-
chamber of commerce
4
5
-
-
trade
341
394
-
-
surtax

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

18
21
-
-
income
325
375
-
-
total
688
795
-
-
Dividends
1 479
1 706
-
-
withholding
367
423
-
-
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
-
-
total
387
446
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 144
1 241
988
1 318
After tax
1 356
1 259
1 512
1 182
Living cost
263
263
263
263
Free-cash
1 093
996
1 249
919

Estimated living cost  is £263 per week

£165
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
£944
£1098
£930
£1090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
280
social contributions
-
-
-
27
national
-
-
-
501
pensions
-
-
-
300
total
-
-
-
1 108
Employee
717
-
2 161
-
pensions
29
-
86
-
national
137
-
522
-
municipal
89
-
290
-
total
255
-
898
-
Employer
717
-
2 161
-
pensions
57
-
173
-
social contributions
8
-
23
-
total
65
-
196
-
Corporate
1 671
2 500
-
-
income

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

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

Estimated living cost  is £462 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£936
£1820
£766
£1749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
638
social contributions

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

-
-
-
332
income
-
-
-
584
total
-
-
-
1 554
Employee
253
-
2 028
-
social contributions

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

28
-
114
-
surtax
-
-
294
-
income
45
-
504
-
total
73
-
912
-
Employer
253
-
2 028
-
surtax
-
-
223
-
social contributions

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

61
-
249
-
total
61
-
472
-
Corporate
2 186
2 500
-
-
income

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

437
500
-
-
total
437
500
-
-
Dividends

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

1 748
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
571
500
1 384
1 554
After tax
1 929
2 000
1 116
946
Living cost
180
180
180
180
Free-cash
1 749
1 820
936
766

Estimated living cost  is £180 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
£1235
£888
£949
£835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
979
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 188
Employee
741
741
2 339
-
health
114
97
107
-
pensions
133
102
102
-
income

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

121
121
532
-
total
368
320
741
-
Employer
741
741
2 339
-
unemployment
27
27
33
-
health
51
51
64
-
pensions
52
52
64
-
total
130
130
161
-
Corporate
1 639
1 630
-
-
income
328
326
-
-
total
328
326
-
-
Dividends
1 311
1 304
-
-
withholding
197
196
-
-
income
279
277
-
-
total
476
473
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 302
1 249
902
1 188
After tax
1 198
1 251
1 598
1 312
Living cost
363
363
363
363
Free-cash
835
888
1 235
949

Estimated living cost  is £363 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£866
£1015
£875
£1007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
679
other
-
-
-
89
unemployment
-
-
-
1
national
-
-
-
373
pensions
-
-
-
83
accident
-
-
-
2
health
-
-
-
48
total
-
-
-
1 275
Employee
499
-
2 259
-
national
-
-
369
-
municipal
149
-
674
-
total
149
-
1 043
-
Employer
499
-
2 259
-
unemployment
13
-
20
-
accident
1
-
2
-
health
31
-
47
-
pensions
54
-
83
-
other
58
-
89
-
total
157
-
241
-
Corporate
1 844
2 500
-
-
income
406
550
-
-
total
406
550
-
-
Dividends
1 438
1 950
-
-
withholding
431
585
-
-
total
431
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 143
1 135
1 284
1 275
After tax
1 357
1 365
1 216
1 225
Living cost
350
350
350
350
Free-cash
1 007
1 015
866
875

Estimated living cost  is £350 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£1171
£905
£826
£1028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
881
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
total
-
-
-
1 333
Employee

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

440
-
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
-
881
-
total
99
-
988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 060
2 500
-
-
chamber of commerce
4
5
-
-
trade
339
411
-
-
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
-
-
total
669
812
-
-
Dividends
1 391
1 688
-
-
withholding
344
419
-
-
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
-
-
total
363
442
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 131
1 254
988
1 333
After tax
1 369
1 246
1 512
1 167
Living cost
341
341
341
341
Free-cash
1 028
905
1 171
826

Estimated living cost  is £341 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£1360
£1540
£1379
£1504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
140
income
-
-
-
636
health
-
-
-
64
total
-
-
-
840
Employee
667
667
2 381
-
health
7
11
40
-
social contributions
32
55
75
-
income
70
62
625
-
total
109
128
740
-
Employer
667
667
2 381
-
health
7
12
44
-
social contributions
32
55
75
-
total
39
67
119
-
Corporate
2 070
1 765
-
-
income
259
221
-
-
total
259
221
-
-
Dividends
1 811
1 545
-
-
withholding
308
263
-
-
total
308
263
-
-
Income
2 500
2 500
2 500
2 500
Total tax
715
679
859
840
After tax
1 785
1 821
1 641
1 660
Living cost
281
281
281
281
Free-cash
1 504
1 540
1 360
1 379

Estimated living cost  is £281 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£1295
£1248
£1576
£1251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
unemployment
-
-
-
38
income
-
-
-
306
pensions
-
-
-
250
health
-
-
-
175
total
-
-
-
769
Employee

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

The minimum wage is 138,000 HUF per month.

224
89
2 092
-
health
16
6
146
-
pensions
22
9
209
-
unemployment
3
1
31
-
income
27
11
256
-
total
68
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.

224
89
2 092
-
pensions
44
17
408
-
total
44
17
408
-
Corporate
2 232
2 393
-
-
income
201
215
-
-
total
201
215
-
-
Dividends
2 031
2 178
-
-
withholding
386
414
-
-
social contributions
395
424
-
-
total
781
838
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 094
1 097
1 050
769
After tax
1 406
1 403
1 450
1 731
Living cost
155
155
155
155
Free-cash
1 251
1 248
1 295
1 576

Estimated living cost  is £155 per week

£106
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
£1232
£1791
£1131
£1737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
246
-
1 868
-
unemployment
4
-
30
-
pensions
5
-
37
-
income
28
-
360
-
total
37
-
427
-
Employer
246
-
1 868
-
unemployment
2
-
15
-
health
32
-
243
-
pensions
49
-
374
-
total
83
-
632
-
Corporate
2 171
2 500
-
-
income
434
500
-
-
total
434
500
-
-
Dividends
1 737
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
209
209
209
209
Free-cash
1 737
1 791
1 232
1 131

Estimated living cost  is £209 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£1197
£8
£1512
£172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
3
income
-
-
-
733
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
794
Employee
305
-
2 308
-
health
35
-
264
-
pensions
34
-
67
-
income
42
-
585
-
total
111
-
916
-
Employer
305
-
2 308
-
unemployment
7
-
57
-
accident
5
-
39
-
pensions
50
-
97
-
total
62
-
193
-
Corporate
2 133
2 500
-
-
income

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

1 920
2 250
-
-
total
1 920
2 250
-
-
Dividends
213
250
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 134
2 298
1 109
794
After tax
366
202
1 391
1 706
Living cost
194
194
194
194
Free-cash
172
8
1 197
1 512

Estimated living cost  is £194 per week

£142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£1930
£2305
£2405
£2291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
88
-
2 500
-
income
18
-
500
-
total
18
-
500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

2 412
2 500
-
-
total
-
-
-
-
Dividends
2 412
2 500
-
-
withholding
121
125
-
-
total
121
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
139
125
500
25
After tax
2 361
2 375
2 000
2 475
Living cost
70
70
70
70
Free-cash
2 291
2 305
1 930
2 405

Estimated living cost  is £70 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£1335
£1606
£1352
£1548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
63
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.

-
-
-
317
health
-
-
-
58
total
-
-
-
917
Employee
315
-
2 161
-
health
4
-
18
-
pensions

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

22
-
92
-
unemployment
3
-
13
-
income
54
-
473
-
total
83
-
596
-
Employer
315
-
2 161
-
unemployment
3
-
13
-
accident
3
-
17
-
health
4
-
18
-
pensions

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

54
-
224
-
other
16
-
66
-
total
80
-
338
-
Corporate
2 106
2 500
-
-
income
442
525
-
-
total
442
525
-
-
Dividends
1 664
1 975
-
-
withholding
116
138
-
-
total
116
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
663
934
917
After tax
1 779
1 837
1 566
1 583
Living cost
231
231
231
231
Free-cash
1 548
1 606
1 335
1 352

Estimated living cost  is £231 per week

£163
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 Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£2039
£2024
£1930
£1983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
456
Employee
151
-
2 441
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
244
-
total
37
-
288
-
Employer
151
-
2 441
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
pensions

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

17
-
33
-
total
30
-
59
-
Corporate
2 320
2 500
-
-
income
232
250
-
-
total
232
250
-
-
Dividends
2 088
2 250
-
-
withholding
104
112
-
-
total
104
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
403
362
347
456
After tax
2 097
2 138
2 153
2 044
Living cost
114
114
114
114
Free-cash
1 983
2 024
2 039
1 930

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
£1117
£770
£831
£793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
979
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
1 188
Employee
804
741
2 339
-
health
100
97
107
-
pensions
102
102
102
-
income

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

121
121
532
-
total
323
320
741
-
Employer
804
741
2 339
-
unemployment
29
27
33
-
health
56
51
64
-
pensions
56
52
64
-
total
141
130
161
-
Corporate
1 555
1 630
-
-
income
311
326
-
-
total
311
326
-
-
Dividends
1 244
1 304
-
-
withholding
187
196
-
-
income
264
277
-
-
total
451
473
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 226
1 249
902
1 188
After tax
1 274
1 251
1 598
1 312
Living cost
481
481
481
481
Free-cash
793
770
1 117
831

Estimated living cost  is £481 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£1194
£1509
£1309
£1434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
solidarity contribution
-
-
-
57
social contributions
-
-
-
305
income
-
-
-
279
health
-
-
-
338
total
-
-
-
979
Employee
312
-
2 054
-
health
42
-
277
-
social contributions
20
-
68
-
solidarity contribution
-
-
47
-
income
37
-
256
-
total
99
-
648
-
Employer
312
-
2 054
-
health
28
-
185
-
social contributions
78
-
261
-
total
106
-
446
-
Corporate
2 082
2 500
-
-
income
396
475
-
-
total
396
475
-
-
Dividends
1 687
2 025
-
-
withholding
253
304
-
-
total
253
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
854
779
1 094
979
After tax
1 646
1 721
1 406
1 521
Living cost
212
212
212
212
Free-cash
1 434
1 509
1 194
1 309

Estimated living cost  is £212 per week

£147
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
£800
£967
£873
£923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
434
national
-
-
-
776
regional
-
-
-
34
total
-
-
-
1 261
Employee
771
-
2 500
-
social contributions
260
-
569
-
national
134
-
718
-
regional
7
-
32
-
municipal
4
-
15
-
total
405
-
1 334
-
Employer
771
-
2 500
-
total
-
-
-
-
Corporate
1 729
2 500
-
-
municipal
67
98
-
-
nationa
415
600
-
-
total
482
698
-
-
Dividends
1 247
1 803
-
-
withholding
324
469
-
-
total
324
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 211
1 167
1 334
1 261
After tax
1 289
1 333
1 166
1 239
Living cost
366
366
366
366
Free-cash
923
967
800
873

Estimated living cost  is £366 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£925
£1381
£979
£1355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
153
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
861
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
1 330
Employee
287
-
2 256
-
health
7
-
30
-
pensions
19
-
77
-
unemployment
20
-
81
-
surtax
1
-
143
-
other
-
-
-
-
income
48
-
809
-
total
95
-
1 140
-
Employer
287
-
2 256
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
38
-
154
-
other
-
-
-
-
total
60
-
244
-
Corporate
2 153
2 500
-
-
income
560
650
-
-
total
560
650
-
-
Dividends
1 593
1 850
-
-
withholding
239
278
-
-
total
239
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
954
928
1 384
1 330
After tax
1 546
1 572
1 116
1 170
Living cost
191
191
191
191
Free-cash
1 355
1 381
925
979

Estimated living cost  is £191 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
£966
£1134
£1186
£1191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
£1191
£456
£1258
£751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
national
-
-
-
89
pensions
-
-
-
230
regional
-
-
-
155
health
-
-
-
6
total
-
-
-
556
Employee
803
-
2 262
-
health
2
-
5
-
pensions
67
-
163
-
unemployment
-
-
-
-
city
9
-
25
-
national
4
-
76
-
regional
26
-
141
-
total
108
-
410
-
Employer
803
-
2 262
-
unemployment
-
-
-
-
health
2
-
5
-
pensions
67
-
163
-
other

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

16
-
45
-
total
85
-
213
-
Corporate
1 603
2 500
-
-
regional
339
529
-
-
national
136
213
-
-
total
475
742
-
-
Dividends
1 128
1 759
-
-
withholding
395
616
-
-
total
395
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 063
1 358
623
556
After tax
1 437
1 142
1 877
1 944
Living cost
686
686
686
686
Free-cash
751
456
1 191
1 258

Estimated living cost  is £686 per week

£446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£1115
£836
£755
£979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
trade
-
-
-
360
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.

-
-
-
881
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
total
-
-
-
1 348
Employee

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

521
-
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
-
881
-
total
123
-
988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 979
2 500
-
-
chamber of commerce
4
5
-
-
trade
339
429
-
-
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
-
-
total
656
830
-
-
Dividends
1 322
1 671
-
-
withholding
327
414
-
-
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
-
-
total
345
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 124
1 267
988
1 348
After tax
1 376
1 233
1 512
1 152
Living cost
397
397
397
397
Free-cash
979
836
1 115
755

Estimated living cost  is £397 per week

£290
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
£915
£963
£1023
£1013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
78
social contributions
-
-
-
71
income
-
-
-
542
pensions
-
-
-
353
health
-
-
-
136
total
-
-
-
1 180
Employee
371
-
1 883
-
social contributions
11
-
54
-
pensions
42
-
152
-
surtax
-
-
-
-
income
22
-
464
-
total
75
-
670
-
Employer
371
-
1 883
-
unemployment
15
-
76
-
health
26
-
200
-
pensions
61
-
253
-
other
13
-
83
-
social contributions
1
-
6
-
total
116
-
618
-
Corporate
2 013
2 500
-
-
surtax
-
-
-
-
income
564
700
-
-
total
564
700
-
-
Dividends
1 449
1 800
-
-
withholding
186
230
-
-
surtax
-
-
-
-
social contributions
249
310
-
-
total
435
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 190
1 240
1 288
1 180
After tax
1 310
1 260
1 212
1 320
Living cost
297
297
297
297
Free-cash
1 013
963
915
1 023

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Nice model

Close
Marseille , France
£945
£993
£1053
£1044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
78
social contributions
-
-
-
71
income
-
-
-
542
pensions
-
-
-
353
health
-
-
-
136
total
-
-
-
1 180
Employee
331
-
1 883
-
social contributions
9
-
54
-
pensions
37
-
152
-
surtax
-
-
-
-
income
17
-
464
-
total
63
-
670
-
Employer
331
-
1 883
-
unemployment
13
-
76
-
health
23
-
200
-
pensions
54
-
253
-
other
11
-
83
-
social contributions
1
-
6
-
total
102
-
618
-
Corporate
2 065
2 500
-
-
surtax
-
-
-
-
income
578
700
-
-
total
578
700
-
-
Dividends
1 487
1 800
-
-
withholding
190
230
-
-
surtax
-
-
-
-
social contributions
256
310
-
-
total
446
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 189
1 240
1 288
1 180
After tax
1 311
1 260
1 212
1 320
Living cost
267
267
267
267
Free-cash
1 044
993
945
1 053

Estimated living cost  is £267 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£727
£1341
£1422
£1346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
345
income
-
-
-
375
health
-
-
-
174
total
-
-
-
894
Employee
294
-
2 500
-
health
21
-
174
-
social contributions
41
-
345
-
income
49
-
1 070
-
total
111
-
1 589
-
Employer
294
-
2 500
-
total
-
-
-
-
Corporate
2 206
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
2 096
2 375
-
-
withholding
314
356
-
-
health
146
166
-
-
social contributions
289
328
-
-
total
749
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
970
975
1 589
894
After tax
1 530
1 525
911
1 606
Living cost
184
184
184
184
Free-cash
1 346
1 341
727
1 422

Estimated living cost  is £184 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£335
£1073
£966
£1055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
2
chamber of commerce
-
-
-
10
unemployment
-
-
-
53
income
-
-
-
898
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
1 228
Employee
433
346
2 125
-
health
17
13
39
-
pensions
44
35
104
-
unemployment
13
10
30
-
other
4
3
10
-
income
49
25
778
-
total
127
86
961
-
Employer
433
346
2 125
-
unemployment
13
10
30
-
payroll
13
10
64
-
accident
6
4
13
-
health
16
13
38
-
pensions
54
43
127
-
other
21
16
92
-
surtax
2
2
2
-
chamber of commerce
2
1
9
-
total
127
99
375
-
Corporate
1 940
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.

485
513
523
-
total
485
513
523
-
Dividends
1 455
1 540
-
-
withholding
400
423
-
-
total
400
423
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 139
1 121
1 859
1 228
After tax
1 361
1 379
641
1 272
Living cost
306
306
306
306
Free-cash
1 055
1 073
335
966

Estimated living cost  is £306 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£510
£1025
£774
£947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
216
communal

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

-
-
-
137
national
-
-
-
1 057
total
-
-
-
1 410
Employee

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

620
-
1 936
-
health

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

29
-
91
-
pensions

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

47
-
145
-
unemployment

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

5
-
17
-
national
191
-
756
-
communal

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

32
-
101
-
total
304
-
1 110
-
Employer

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

620
-
1 936
-
unemployment

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

9
-
28
-
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
-
health

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

38
-
119
-
pensions

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

55
-
172
-
surtax
70
-
220
-
total
180
-
564
-
Corporate
1 699
2 500
-
-
surtax
7
12
-
-
income
345
577
-
-
total
352
589
-
-
Dividends
1 348
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
1 237
1 159
1 674
1 410
After tax
1 263
1 341
826
1 090
Living cost
316
316
316
316
Free-cash
947
1 025
510
774

Estimated living cost  is £316 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
£1043
£1342
£1079
£1282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
867
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 108
Employee
432
-
2 244
-
pensions
20
-
38
-
unemployment
7
-
12
-
other
-
-
1
-
income
91
-
837
-
total
118
-
888
-
Employer
432
-
2 244
-
unemployment
24
-
44
-
accident
9
-
16
-
pensions
102
-
190
-
other
3
-
6
-
total
138
-
256
-
Corporate
1 931
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.

290
375
-
-
total
290
375
-
-
Dividends
1 641
2 125
-
-
withholding
359
470
-
-
total
359
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
905
845
1 144
1 108
After tax
1 595
1 655
1 356
1 392
Living cost
313
313
313
313
Free-cash
1 282
1 342
1 043
1 079

Estimated living cost  is £313 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
£774
£896
£712
£777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
131
income
-
-
-
563
communal
-
-
-
158
pensions
-
-
-
305
accident
-
-
-
17
health
-
-
-
143
total
-
-
-
1 317
Employee
657
-
2 253
-
health
29
-
92
-
pensions
53
-
165
-
surtax
40
-
140
-
income
63
-
611
-
total
185
-
1 008
-
Employer
657
-
2 253
-
accident
6
-
19
-
health
20
-
63
-
pensions
53
-
165
-
total
79
-
247
-
Corporate
1 765
2 500
-
-
communal
119
169
-
-
surtax
19
26
-
-
income
265
375
-
-
total
403
570
-
-
Dividends
1 362
1 930
-
-
withholding
204
290
-
-
income
381
273
-
-
total
585
563
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 252
1 133
1 255
1 317
After tax
1 248
1 367
1 245
1 183
Living cost
471
471
471
471
Free-cash
777
896
774
712

Estimated living cost  is £471 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£921
£1377
£975
£1352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
surtax
-
-
-
153
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
861
pensions
-
-
-
232
health
-
-
-
82
total
-
-
-
1 330
Employee
292
-
2 256
-
health
7
-
30
-
pensions
19
-
77
-
unemployment
20
-
81
-
surtax
1
-
143
-
other
-
-
-
-
income
49
-
809
-
total
96
-
1 140
-
Employer
292
-
2 256
-
unemployment
9
-
37
-
health
13
-
53
-
pensions
39
-
154
-
other
-
-
-
-
total
61
-
244
-
Corporate
2 146
2 500
-
-
income
558
650
-
-
total
558
650
-
-
Dividends
1 588
1 850
-
-
withholding
238
278
-
-
total
238
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
953
928
1 384
1 330
After tax
1 547
1 572
1 116
1 170
Living cost
195
195
195
195
Free-cash
1 352
1 377
921
975

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£925
£1080
£997
£1061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
17
social contributions
-
-
-
434
national
-
-
-
776
regional
-
-
-
42
total
-
-
-
1 269
Employee
481
-
2 500
-
social contributions
162
-
569
-
national
76
-
718
-
regional
6
-
39
-
municipal
3
-
15
-
total
247
-
1 341
-
Employer
481
-
2 500
-
total
-
-
-
-
Corporate
2 019
2 500
-
-
municipal
100
124
-
-
nationa
485
600
-
-
total
585
724
-
-
Dividends
1 434
1 776
-
-
withholding
373
462
-
-
total
373
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 205
1 186
1 341
1 269
After tax
1 295
1 314
1 159
1 231
Living cost
234
234
234
234
Free-cash
1 061
1 080
925
997

Estimated living cost  is £234 per week

£145
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
£1145
£1460
£1260
£1367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
solidarity contribution
-
-
-
57
social contributions
-
-
-
305
income
-
-
-
279
health
-
-
-
338
total
-
-
-
979
Employee
384
-
2 054
-
health
52
-
277
-
social contributions
25
-
68
-
solidarity contribution
-
-
47
-
income
46
-
256
-
total
123
-
648
-
Employer
384
-
2 054
-
health
35
-
185
-
social contributions
96
-
261
-
total
131
-
446
-
Corporate
1 985
2 500
-
-
income
377
475
-
-
total
377
475
-
-
Dividends
1 608
2 025
-
-
withholding
241
304
-
-
total
241
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
872
779
1 094
979
After tax
1 628
1 721
1 406
1 521
Living cost
261
261
261
261
Free-cash
1 367
1 460
1 145
1 260

Estimated living cost  is £261 per week

£194
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.
£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 Prague model

Close
Graz , Austria
£364
£1102
£997
£1093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
10
unemployment
-
-
-
53
income
-
-
-
898
pensions
-
-
-
187
health
-
-
-
78
total
-
-
-
1 226
Employee
379
346
2 127
-
health
15
13
39
-
pensions
39
35
104
-
unemployment
11
10
30
-
other
4
3
10
-
income
34
25
779
-
total
103
86
962
-
Employer
379
346
2 127
-
unemployment
11
10
30
-
payroll
11
10
64
-
accident
5
4
13
-
health
14
13
38
-
pensions
48
43
127
-
other
18
16
92
-
surtax
-
-
-
-
chamber of commerce
2
1
9
-
total
109
97
373
-
Corporate
2 012
2 055
2 094
-
income

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

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

503
514
524
-
total
503
514
524
-
Dividends
1 509
1 541
-
-
withholding
415
424
-
-
total
415
424
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 130
1 121
1 859
1 226
After tax
1 370
1 379
641
1 274
Living cost
277
277
277
277
Free-cash
1 093
1 102
364
997

Estimated living cost  is £277 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1891
£2266
£2366
£2246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
137
-
2 500
-
income
27
-
500
-
total
27
-
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%.

2 363
2 500
-
-
total
-
-
-
-
Dividends
2 363
2 500
-
-
withholding
118
125
-
-
total
118
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
145
125
500
25
After tax
2 355
2 375
2 000
2 475
Living cost
109
109
109
109
Free-cash
2 246
2 266
1 891
2 366

Estimated living cost  is £109 per week

£74
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.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£816
£1488
£869
£1415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

384
-
2 163
-
health
25
-
140
-
pensions
59
-
335
-
unemployment
1
-
3
-
income
66
-
637
-
total
151
-
1 115
-
Employer

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

384
-
2 163
-
unemployment
-
-
1
-
health
26
-
144
-
pensions
34
-
191
-
total
60
-
336
-
Corporate
2 057
2 500
-
-
income
391
475
-
-
total
391
475
-
-
Dividends
1 666
2 025
-
-
withholding
250
304
-
-
total
250
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
852
779
1 451
1 398
After tax
1 648
1 721
1 049
1 102
Living cost
233
233
233
233
Free-cash
1 415
1 488
816
869

Estimated living cost  is £233 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£2015
£1149
£1356
£739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
285
income
-
-
-
487
total
-
-
-
772
Employee
533
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
533
-
-
-
social contributions
752
-
107
-
total
752
-
107
-
Corporate
1 214
2 500
-
-
income
267
550
-
-
total
267
550
-
-
Dividends
947
1 950
-
-
income
208
429
-
-
total
208
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 389
979
113
772
After tax
1 111
1 521
2 387
1 728
Living cost
372
372
372
372
Free-cash
739
1 149
2 015
1 356

Estimated living cost  is £372 per week

£241
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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£789
£1150
£1004
£1141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
869
income
-
-
-
355
total
-
-
-
1 224
Employee
399
-
2 020
-
social contributions
44
-
222
-
surtax
-
-
12
-
income
83
-
725
-
total
127
-
959
-
Employer
399
-
2 020
-
social contributions
95
-
480
-
total
95
-
480
-
Corporate
2 006
2 500
-
-
surtax
-
-
-
-
income
421
525
-
-
total
421
525
-
-
Dividends
1 585
1 975
-
-
withholding
444
553
-
-
total
444
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 087
1 078
1 439
1 224
After tax
1 413
1 422
1 061
1 276
Living cost
272
272
272
272
Free-cash
1 141
1 150
789
1 004

Estimated living cost  is £272 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
£793
£841
£901
£902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
78
social contributions
-
-
-
71
income
-
-
-
542
pensions
-
-
-
353
health
-
-
-
136
total
-
-
-
1 180
Employee
543
-
1 883
-
social contributions
15
-
54
-
pensions
61
-
152
-
surtax
-
-
-
-
income
47
-
464
-
total
123
-
670
-
Employer
543
-
1 883
-
unemployment
22
-
76
-
health
38
-
200
-
pensions
89
-
253
-
other
19
-
83
-
social contributions
2
-
6
-
total
170
-
618
-
Corporate
1 787
2 500
-
-
surtax
-
-
-
-
income
500
700
-
-
total
500
700
-
-
Dividends
1 287
1 800
-
-
withholding
165
230
-
-
surtax
-
-
-
-
social contributions
221
310
-
-
total
386
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 179
1 240
1 288
1 180
After tax
1 321
1 260
1 212
1 320
Living cost
419
419
419
419
Free-cash
902
841
793
901

Estimated living cost  is £419 per week

£283
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.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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
£1612
£1989
£1547
£1960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
142
social contributions
-
-
-
550
total
-
-
-
692
Employee
279
-
2 164
-
social contributions
18
-
141
-
income
-
-
150
-
total
18
-
291
-
Employer
279
-
2 164
-
social contributions
43
-
336
-
total
43
-
336
-
Corporate
2 178
2 500
-
-
income
218
250
-
-
total
218
250
-
-
Dividends
1 960
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
279
250
627
692
After tax
2 221
2 250
1 873
1 808
Living cost
261
261
261
261
Free-cash
1 960
1 989
1 612
1 547

Estimated living cost  is £261 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£610
£610
£1000
£294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
municipal
-
-
-
550
labour market
-
-
-
199
national
-
-
-
325
pensions
-
-
-
8
total
-
-
-
1 082
Employee
1 763
1 763
1 763
-
pensions
3
3
3
-
national
215
215
215
-
labour market
141
141
141
-
municipal
375
375
375
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
pensions
5
5
5
-
national
216
216
216
-
labour market
141
141
141
-
municipal
376
376
376
-
total
738
738
738
-
Corporate
610
-
-
-
income
134
-
-
-
total
134
-
-
-
Dividends
476
-
-
-
withholding
182
-
-
-
total
182
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 788
1 472
1 472
1 082
After tax
712
1 028
1 028
1 418
Living cost
418
418
418
418
Free-cash
294
610
610
1 000

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£1200
£11
£1515
£173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
3
income
-
-
-
733
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
794
Employee
300
-
2 308
-
health
34
-
264
-
pensions
34
-
67
-
income
41
-
585
-
total
109
-
916
-
Employer
300
-
2 308
-
unemployment
7
-
57
-
accident
5
-
39
-
pensions
49
-
97
-
total
61
-
193
-
Corporate
2 139
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.

1 925
2 250
-
-
total
1 925
2 250
-
-
Dividends
214
250
-
-
withholding
41
48
-
-
total
41
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 136
2 298
1 109
794
After tax
364
202
1 391
1 706
Living cost
191
191
191
191
Free-cash
173
11
1 200
1 515

Estimated living cost  is £191 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.
£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
£851
£1148
£1138
£1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
municipal
-
-
-
444
national
-
-
-
550
health
-
-
-
35
total
-
-
-
1 029
Employee
456
-
2 103
-
health
3
-
29
-
pensions
31
-
142
-
unemployment
7
-
32
-
national
8
-
374
-
municipal
75
-
342
-
total
124
-
919
-
Employer
456
-
2 103
-
unemployment
3
-
14
-
accident
-
-
2
-
health
4
-
16
-
pensions
79
-
365
-
total
86
-
397
-
Corporate
1 958
2 500
-
-
income
392
500
-
-
total
392
500
-
-
Dividends

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

1 175
1 500
-
-
national
155
249
-
-
municipal
211
270
-
-
total
366
519
-
-
Income
2 500
2 500
2 500
2 500
Total tax
968
1 019
1 316
1 029
After tax
1 532
1 481
1 184
1 471
Living cost
333
333
333
333
Free-cash
1 199
1 148
851
1 138

Estimated living cost  is £333 per week

£217
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
£1440
£1620
£1459
£1572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
140
income
-
-
-
636
health
-
-
-
64
total
-
-
-
840
Employee
667
667
2 381
-
health
5
11
40
-
social contributions
25
55
75
-
income
73
62
625
-
total
103
128
740
-
Employer
667
667
2 381
-
health
6
12
44
-
social contributions
25
55
75
-
total
31
67
119
-
Corporate
2 165
1 765
-
-
income
271
221
-
-
total
271
221
-
-
Dividends
1 895
1 545
-
-
withholding
322
263
-
-
total
322
263
-
-
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

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£1840
£1932
£2014
£1887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

199
-
2 415
-
health
17
-
70
-
pensions
30
-
123
-
unemployment
1
-
4
-
income
14
-
241
-
total
62
-
438
-
Employer

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

199
-
2 415
-
unemployment
1
-
4
-
health
9
-
35
-
pensions
11
-
45
-
total
21
-
84
-
Corporate
2 280
2 500
-
-
income
205
225
-
-
total
205
225
-
-
Dividends
2 075
2 275
-
-
withholding
187
205
-
-
total
187
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
475
430
522
348
After tax
2 025
2 070
1 978
2 152
Living cost
138
138
138
138
Free-cash
1 887
1 932
1 840
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
£1117
£1416
£1153
£1376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
867
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 108
Employee
321
-
2 244
-
pensions
15
-
38
-
unemployment
5
-
12
-
other
-
-
1
-
income
62
-
837
-
total
82
-
888
-
Employer
321
-
2 244
-
unemployment
18
-
44
-
accident
6
-
16
-
pensions
76
-
190
-
other
3
-
6
-
total
103
-
256
-
Corporate
2 077
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.

312
375
-
-
total
312
375
-
-
Dividends
1 766
2 125
-
-
withholding
388
470
-
-
total
388
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
885
845
1 144
1 108
After tax
1 615
1 655
1 356
1 392
Living cost
238
238
238
238
Free-cash
1 376
1 416
1 117
1 153

Estimated living cost  is £238 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£1596
£1542
£1597
£1539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
863
pensions
-
-
-
13
health
-
-
-
9
total
-
-
-
885
Employee
27
-
2 486
-
health
1
-
3
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
862
-
total
8
-
872
-
Employer
27
-
2 486
-
unemployment
1
-
1
-
health
3
-
6
-
pensions
3
-
7
-
total
7
-
14
-
Corporate
2 467
2 500
-
-
income
543
550
-
-
total
543
550
-
-
Dividends
1 924
1 950
-
-
withholding
385
390
-
-
total
385
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
943
940
886
885
After tax
1 557
1 560
1 614
1 615
Living cost
18
18
18
18
Free-cash
1 539
1 542
1 596
1 597

Estimated living cost  is £18 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£1518
£1656
£1518
£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

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

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

-
-
-
2 500
unemployment
-
-
-
10
income
-
-
-
589
pensions
-
-
-
167
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.

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

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

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

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

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

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£827
£1188
£1042
£1184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
869
income
-
-
-
355
total
-
-
-
1 224
Employee
337
-
2 020
-
social contributions
37
-
222
-
surtax
-
-
12
-
income
66
-
725
-
total
103
-
959
-
Employer
337
-
2 020
-
social contributions
80
-
480
-
total
80
-
480
-
Corporate
2 083
2 500
-
-
surtax
-
-
-
-
income
438
525
-
-
total
438
525
-
-
Dividends
1 646
1 975
-
-
withholding
461
553
-
-
total
461
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 082
1 078
1 439
1 224
After tax
1 418
1 422
1 061
1 276
Living cost
234
234
234
234
Free-cash
1 184
1 188
827
1 042

Estimated living cost  is £234 per week

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

Source of data for Porto model

Close
Madrid , Spain
£1051
£1350
£1087
£1295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
867
pensions
-
-
-
227
accident
-
-
-
7
total
-
-
-
1 108
Employee
419
-
2 244
-
pensions
20
-
38
-
unemployment
6
-
12
-
other
-
-
1
-
income
87
-
837
-
total
113
-
888
-
Employer
419
-
2 244
-
unemployment
23
-
44
-
accident
8
-
16
-
pensions
99
-
190
-
other
3
-
6
-
total
133
-
256
-
Corporate
1 948
2 500
-
-
income

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

292
375
-
-
total
292
375
-
-
Dividends
1 655
2 125
-
-
withholding
362
470
-
-
total
362
470
-
-
Income
2 500
2 500
2 500
2 500
Total tax
900
845
1 144
1 108
After tax
1 600
1 655
1 356
1 392
Living cost
305
305
305
305
Free-cash
1 295
1 350
1 051
1 087

Estimated living cost  is £305 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£2004
£1989
£1895
£1936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
45
health
-
-
-
35
total
-
-
-
456
Employee
198
-
2 441
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
income
20
-
244
-
total
48
-
288
-
Employer
198
-
2 441
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
pensions

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

22
-
33
-
total
39
-
59
-
Corporate
2 264
2 500
-
-
income
226
250
-
-
total
226
250
-
-
Dividends
2 037
2 250
-
-
withholding
102
112
-
-
total
102
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
415
362
347
456
After tax
2 085
2 138
2 153
2 044
Living cost
149
149
149
149
Free-cash
1 936
1 989
2 004
1 895

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£1177
£949
£876
£1063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
881
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
total
-
-
-
1 289
Employee

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

432
-
2 500
-
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
-
881
-
total
97
-
988
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 068
2 500
-
-
chamber of commerce
4
5
-
-
trade
297
359
-
-
surtax

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

17
21
-
-
income
310
375
-
-
total
628
760
-
-
Dividends
1 440
1 741
-
-
withholding
357
432
-
-
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
-
-
total
377
456
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 102
1 216
988
1 289
After tax
1 398
1 284
1 512
1 211
Living cost
335
335
335
335
Free-cash
1 063
949
1 177
876

Estimated living cost  is £335 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£709
£1257
£709
£1275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
857
social contributions
-
-
-
440
total
-
-
-
1 297
Employee
678
-
2 500
-
social contributions
56
-
440
-
income
128
-
857
-
total
184
-
1 297
-
Employer
678
-
2 500
-
total
-
-
-
-
Corporate
1 822
2 500
-
-
income
228
312
-
-
total
228
312
-
-
Dividends
1 594
2 188
-
-
withholding
319
437
-
-
total
319
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
731
749
1 297
1 297
After tax
1 769
1 751
1 203
1 203
Living cost
494
494
494
494
Free-cash
1 275
1 257
709
709

Estimated living cost  is £494 per week

£376
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
£1403
£1264
£1757
£1294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 500
income
-
-
-
375
health

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

-
-
-
53
total
-
-
-
428
Employee
398
-
2 460
-
social contributions
40
-
40
-
income
43
-
702
-
total
83
-
742
-
Employer
398
-
2 460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
2 062
2 500
-
-
income
722
875
-
-
total
722
875
-
-
Dividends
1 340
1 625
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
2 500
2 500
2 500
2 500
Total tax
891
921
782
428
After tax
1 609
1 579
1 718
2 072
Living cost
315
315
315
315
Free-cash
1 294
1 264
1 403
1 757

Estimated living cost  is £315 per week

£207
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
£1041
£1209
£1261
£1261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£1181
-£8
£1496
£169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
other
-
-
-
3
income
-
-
-
733
pensions
-
-
-
37
accident
-
-
-
2
health
-
-
-
19
total
-
-
-
794
Employee
330
-
2 308
-
health
38
-
264
-
pensions
37
-
67
-
income
45
-
585
-
total
120
-
916
-
Employer
330
-
2 308
-
unemployment
8
-
57
-
accident
6
-
39
-
pensions
54
-
97
-
total
68
-
193
-
Corporate
2 103
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.

1 893
2 250
-
-
total
1 893
2 250
-
-
Dividends
210
250
-
-
withholding
40
48
-
-
total
40
48
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 121
2 298
1 109
794
After tax
379
202
1 391
1 706
Living cost
210
210
210
210
Free-cash
169
-8
1 181
1 496

Estimated living cost  is £210 per week

£154
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
£1766
£1795
£1574
£1769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
unemployment
-
-
-
17
health insurance
-
-
-
103
income
-
-
-
427
pensions
-
-
-
255
work injury
-
-
-
7
total
-
-
-
809
Employee

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

188
-
2 500
-
pensions
35
-
128
-
unemployment
2
-
8
-
work injury
1
-
3
-
health insurance
14
-
51
-
income
19
-
427
-
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
338
-
-
total
312
338
-
-
Income
2 500
2 500
2 500
2 500
Total tax
614
588
617
809
After tax
1 886
1 912
1 883
1 691
Living cost
117
117
117
117
Free-cash
1 769
1 795
1 766
1 574

Estimated living cost  is £117 per week

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

Source of data for Skopje model

Close
Rome , Italy
£789
£971
£860
£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
-
-
-
2 500
municipal
-
-
-
19
social contributions
-
-
-
434
national
-
-
-
776
regional
-
-
-
66
total
-
-
-
1 295
Employee
731
-
2 500
-
social contributions
246
-
569
-
national
123
-
718
-
regional
11
-
61
-
municipal
4
-
17
-
total
384
-
1 365
-
Employer
731
-
2 500
-
total
-
-
-
-
Corporate
1 769
2 500
-
-
municipal
85
120
-
-
nationa
425
600
-
-
total
510
720
-
-
Dividends
1 259
1 780
-
-
withholding
327
463
-
-
total
327
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 221
1 183
1 365
1 295
After tax
1 279
1 317
1 135
1 205
Living cost
346
346
346
346
Free-cash
934
971
789
860

Estimated living cost  is £346 per week

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

Source of data for Rome model

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

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close