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
£ 300
per

Your estimated
City
free-cash

Valencia , Spain
-£95
-£76
-£43
-£137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
40
accident
-
-
-
3
unemployment
-
-
-
2
pensions
-
-
-
85
other
-
-
-
-
total
-
-
-
130
Employee
331
-
205
-
other
-
-
-
-
income
64
-
35
-
unemployment
5
-
5
-
pensions
16
-
14
-
total
85
-
54
-
Employer
331
-
205
-
unemployment
18
-
16
-
pensions
78
-
71
-
other
3
-
2
-
accident
7
-
6
-
total
106
-
95
-
Corporate
-
300
-
-
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.

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
52
-
-
total
-
52
-
-
Income
300
300
300
300
Total tax
191
97
149
130
After tax
109
203
151
170
Living cost
246
246
246
246
Free-cash
-137
-43
-95
-76

Estimated living cost  is £246 per week

£166
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.
£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
Bratislava , Slovakia
-£61
-£75
-£18
-£107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
38
health
-
-
-
13
pensions

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

-
-
-
72
other
-
-
-
14
total
-
-
-
137
Employee
325
-
240
-
income
56
-
41
-
health
5
-
3
-
unemployment
3
-
2
-
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.

23
-
17
-
total
87
-
63
-
Employer
325
-
240
-
unemployment
3
-
2
-
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.

55
-
41
-
other
16
-
12
-
accident
3
-
2
-
health
5
-
3
-
total
82
-
60
-
Corporate
-
300
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
17
-
-
total
-
17
-
-
Income
300
300
300
300
Total tax
169
80
123
137
After tax
131
220
177
163
Living cost
238
238
238
238
Free-cash
-107
-18
-61
-75

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Varna , Bulgaria
£71
£58
£140
£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
45
health
-
-
-
35
unemployment
-
-
-
1
pensions

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

-
-
-
44
total
-
-
-
125
Employee
155
-
251
-
income
16
-
25
-
health
7
-
12
-
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.

14
-
22
-
total
39
-
62
-
Employer
155
-
251
-
unemployment
1
-
2
-
pensions

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

17
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
17
-
total
31
-
50
-
Corporate
114
300
-
-
income
11
30
-
-
total
11
30
-
-
Dividends
103
270
-
-
withholding
5
13
-
-
total
5
13
-
-
Income
300
300
300
300
Total tax
86
43
112
125
After tax
214
257
188
175
Living cost
117
117
117
117
Free-cash
97
140
71
58

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-£115
-£122
-£155
-£203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
3
social contributions
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
92
other
-
-
-
9
total
-
-
-
116
Employee
383
-
229
-
income
23
-
4
-
social contributions
11
-
7
-
surtax
-
-
-
-
pensions
43
-
26
-
total
77
-
37
-
Employer
383
-
229
-
unemployment
16
-
9
-
social contributions
1
-
1
-
pensions
63
-
38
-
other
13
-
8
-
health
27
-
16
-
total
120
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
197
149
109
116
After tax
103
151
191
184
Living cost
306
306
306
306
Free-cash
-203
-155
-115
-122

Estimated living cost  is £306 per week

£193
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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-£589
-£202
-£539
-£589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
27
health
-
-
-
46
pensions
-
-
-
54
total
-
-
-
127
Employee
764
764
764
-
income

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

125
125
125
-
health
117
100
117
-
pensions
138
105
138
-
total
380
330
380
-
Employer
764
764
764
-
unemployment
28
28
28
-
pensions
53
53
53
-
health
53
53
53
-
total
134
134
134
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
514
464
514
127
After tax
-214
-164
-214
173
Living cost
375
375
375
375
Free-cash
-589
-539
-589
-202

Estimated living cost  is £375 per week

£266
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
-£49
-£49
-£117
-£43
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
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.

-
-
-
16
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.

-
-
-
61
trade
-
-
-
-
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
total
-
-
-
78
Employee

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

342
-
300
-
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.

10
-
16
-
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.

61
-
61
-
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
-
1
-
total
72
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
trade
-
47
-
-
total
-
96
-
-
Dividends
-
203
-
-
withholding
-
47
-
-
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
-
-
total
-
50
-
-
Income
300
300
300
300
Total tax
72
146
78
78
After tax
228
154
222
222
Living cost
271
271
271
271
Free-cash
-43
-117
-49
-49

Estimated living cost  is £271 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
-£39
£31
-£110
-£45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
340
income
-
-
-
-
social contributions
-
-
-
53
health
-
-
-
9
total
-
-
-
62
Employee
688
688
688
-
income
75
64
76
-
social contributions
26
57
23
-
health
5
12
5
-
total
106
133
104
-
Employer
688
688
688
-
social contributions
26
57
23
-
health
6
13
5
-
total
32
70
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
138
203
132
62
After tax
162
97
168
238
Living cost
207
207
207
207
Free-cash
-45
-110
-39
31

Estimated living cost  is £207 per week

£124
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.
£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
Lisbon , Portugal
-£107
-£103
-£110
-£210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
income
-
-
-
18
social contributions

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

-
-
-
104
surtax
-
-
-
-
total
-
-
-
122
Employee
411
-
242
-
income
86
-
41
-
social contributions
45
-
27
-
surtax
-
-
-
-
total
131
-
68
-
Employer
411
-
242
-
social contributions
98
-
58
-
total
98
-
58
-
Corporate
-
300
-
-
income
-
63
-
-
surtax
-
-
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
229
129
126
122
After tax
71
171
174
178
Living cost
281
281
281
281
Free-cash
-210
-110
-107
-103

Estimated living cost  is £281 per week

£210
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.
£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
Batumi , Georgia
£176
£233
£221
£209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
80
-
300
-
income
16
-
60
-
total
16
-
60
-
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%.

220
300
-
-
total
-
-
-
-
Dividends
220
300
-
-
withholding
11
15
-
-
total
11
15
-
-
Income
300
300
300
300
Total tax
27
15
60
3
After tax
273
285
240
297
Living cost
64
64
64
64
Free-cash
209
221
176
233

Estimated living cost  is £64 per week

£40
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.
£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.
£17
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Ljubljana , Slovenia
-£77
-£68
-£33
-£157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
income
-
-
-
43
health
-
-
-
30
unemployment
-
-
-
-
pensions
-
-
-
55
total
-
-
-
128
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.

396
-
260
-
income
68
-
40
-
health
26
-
17
-
unemployment
1
-
-
-
pensions
61
-
40
-
total
156
-
97
-
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.

396
-
260
-
unemployment
-
-
-
-
pensions
35
-
23
-
health
26
-
17
-
total
61
-
40
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
217
93
137
128
After tax
83
207
163
172
Living cost
240
240
240
240
Free-cash
-157
-33
-77
-68

Estimated living cost  is £240 per week

£165
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.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
-£93
-£338
-£159
-£179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
income
-
-
-
255
health

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

-
-
-
58
total
-
-
-
313
Employee
410
-
273
-
social contributions
41
-
27
-
income
45
-
14
-
total
86
-
41
-
Employer
410
-
273
-
social contributions
41
-
27
-
total
41
-
27
-
Corporate
-
300
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
195
-
-
social contributions
27
29
-
-
total
27
29
-
-
Income
300
300
300
300
Total tax
154
134
68
313
After tax
146
166
232
-13
Living cost
325
325
325
325
Free-cash
-179
-159
-93
-338

Estimated living cost  is £325 per week

£214
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.
£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
Vilnius , Lithuania
-£2
£3
-£7
-£28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
45
social contributions
-
-
-
41
health
-
-
-
21
total
-
-
-
107
Employee
303
-
300
-
income
51
-
50
-
social contributions
42
-
41
-
health
21
-
21
-
total
114
-
112
-
Employer
303
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
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%.

-
15
-
-
total
-
15
-
-
Dividends
-
285
-
-
withholding
-
43
-
-
health
8
20
-
-
social contributions
16
39
-
-
total
24
102
-
-
Income
300
300
300
300
Total tax
138
117
112
107
After tax
162
183
188
193
Living cost
190
190
190
190
Free-cash
-28
-7
-2
3

Estimated living cost  is £190 per week

£127
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
-£91
-£97
-£36
-£178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
26
social contributions
-
-
-
88
solidarity contribution
-
-
-
-
health
-
-
-
40
total
-
-
-
154
Employee
357
-
224
-
solidarity contribution
-
-
-
-
income
43
-
27
-
social contributions
23
-
15
-
health
48
-
30
-
total
114
-
72
-
Employer
357
-
224
-
social contributions
89
-
56
-
health
32
-
20
-
total
121
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
235
93
148
154
After tax
65
207
152
146
Living cost
243
243
243
243
Free-cash
-178
-36
-91
-97

Estimated living cost  is £243 per week

£180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Tbilisi , Georgia
£140
£197
£185
£166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
125
-
300
-
income
25
-
60
-
total
25
-
60
-
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%.

175
300
-
-
total
-
-
-
-
Dividends
175
300
-
-
withholding
9
15
-
-
total
9
15
-
-
Income
300
300
300
300
Total tax
34
15
60
3
After tax
266
285
240
297
Living cost
100
100
100
100
Free-cash
166
185
140
197

Estimated living cost  is £100 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
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.
£25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Paris , France
-£241
-£248
-£281
-£435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
3
social contributions
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
92
other
-
-
-
9
total
-
-
-
116
Employee
560
-
229
-
income
49
-
4
-
social contributions
16
-
7
-
surtax
-
-
-
-
pensions
63
-
26
-
total
128
-
37
-
Employer
560
-
229
-
unemployment
23
-
9
-
social contributions
2
-
1
-
pensions
92
-
38
-
other
19
-
8
-
health
39
-
16
-
total
175
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
303
149
109
116
After tax
-3
151
191
184
Living cost
432
432
432
432
Free-cash
-435
-281
-241
-248

Estimated living cost  is £432 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Belgrade , Serbia
£13
£1
£63
£18
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
income
-
-
-
32
health
-
-
-
31
unemployment
-
-
-
4
pensions
-
-
-
78
total
-
-
-
145
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.

233
-
254
-
income
32
-
36
-
health
12
-
13
-
unemployment
2
-
2
-
pensions
33
-
36
-
total
79
-
87
-
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.

233
-
254
-
unemployment
2
-
2
-
pensions
28
-
31
-
health
12
-
13
-
total
42
-
46
-
Corporate
26
300
-
-
income
4
45
-
-
total
4
45
-
-
Dividends
22
255
-
-
withholding
3
38
-
-
total
3
38
-
-
Income
300
300
300
300
Total tax
128
83
133
145
After tax
172
217
167
155
Living cost
154
154
154
154
Free-cash
18
63
13
1

Estimated living cost  is £154 per week

£104
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.
£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
Zurich , Switzerland
-£391
-£367
-£486
-£500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
regional
-
-
-
4
national
-
-
-
-
health
-
-
-
2
city
-
-
-
3
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.

-
-
-
6
pensions
-
-
-
28
total
-
-
-
43
Employee
731
-
264
-
regional
24
-
3
-
city
8
-
3
-
health
2
-
1
-
unemployment
-
-
-
-
national
3
-
-
-
pensions
61
-
27
-
total
98
-
34
-
Employer
731
-
264
-
unemployment
-
-
-
-
pensions
61
-
27
-
other

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

15
-
5
-
health
2
-
1
-
total
78
-
33
-
Corporate
-
300
-
-
regional
-
63
-
-
national
-
25
-
-
total
-
88
-
-
Dividends
-
211
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
300
300
300
300
Total tax
176
162
67
43
After tax
124
138
233
257
Living cost
624
624
624
624
Free-cash
-500
-486
-391
-367

Estimated living cost  is £624 per week

£406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
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.
£155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
-£154
-£98
-£135
-£260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
300
municipal
-
-
-
54
national
-
-
-
-
health
-
-
-
1
total
-
-
-
55
Employee
471
-
252
-
health
4
-
-
-
unemployment
7
-
4
-
national
8
-
-
-
municipal
77
-
42
-
pensions
32
-
17
-
total
128
-
63
-
Employer
471
-
252
-
unemployment
3
-
2
-
pensions
82
-
44
-
accident
-
-
-
-
health
4
-
2
-
total
89
-
48
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends

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

-
180
-
-
national
-
-
-
-
municipal
-
32
-
-
total
-
32
-
-
Income
300
300
300
300
Total tax
217
92
111
55
After tax
83
208
189
245
Living cost
343
343
343
343
Free-cash
-260
-135
-154
-98

Estimated living cost  is £343 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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.

Brussels , Belgium
-£185
-£138
-£155
-£526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
national
-
-
-
80
social contributions
-
-
-
15
communal

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

-
-
-
17
total
-
-
-
112
Employee

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

640
-
232
-
health

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

30
-
11
-
communal

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

33
-
12
-
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.

6
-
2
-
national
197
-
50
-
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.

48
-
17
-
total
314
-
92
-
Employer

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

640
-
232
-
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
-
3
-
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.

57
-
21
-
surtax
73
-
26
-
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
-
3
-
health

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

39
-
14
-
total
186
-
67
-
Corporate
-
300
-
-
income
-
60
-
-
surtax
-
1
-
-
total
-
61
-
-
Dividends
-
239
-
-
withholding

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

-
68
-
-
total
-
68
-
-
Income
300
300
300
300
Total tax
500
129
159
112
After tax
-200
171
141
188
Living cost
326
326
326
326
Free-cash
-526
-155
-185
-138

Estimated living cost  is £326 per week

£210
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
-£207
-£218
-£203
-£387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
64
national
-
-
-
-
health
-
-
-
19
accident
-
-
-
1
unemployment
-
-
-
-
pensions
-
-
-
32
other
-
-
-
35
total
-
-
-
151
Employee
522
-
228
-
national
-
-
-
-
municipal
156
-
68
-
total
156
-
68
-
Employer
522
-
228
-
unemployment
14
-
6
-
pensions
56
-
25
-
other
61
-
27
-
accident
1
-
-
-
health
32
-
14
-
total
164
-
72
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
300
300
300
300
Total tax
320
136
140
151
After tax
-20
164
160
149
Living cost
367
367
367
367
Free-cash
-387
-203
-207
-218

Estimated living cost  is £367 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-£227
-£190
-£215
-£1076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
58
social contributions
-
-
-
34
total
-
-
-
92
Employee
571
-
39
-
income
126
-
7
-
social contributions
47
-
7
-
total
173
-
14
-
Employer
571
-
39
-
social contributions
805
-
115
-
total
805
-
115
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
income
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
978
117
129
92
After tax
-678
183
171
208
Living cost
398
398
398
398
Free-cash
-1 076
-215
-227
-190

Estimated living cost  is £398 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-£122
-£52
-£193
-£142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
340
income
-
-
-
-
social contributions
-
-
-
53
health
-
-
-
9
total
-
-
-
62
Employee
688
688
688
-
income
72
64
76
-
social contributions
33
57
23
-
health
7
12
5
-
total
112
133
104
-
Employer
688
688
688
-
social contributions
33
57
23
-
health
7
13
5
-
total
40
70
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
152
203
132
62
After tax
148
97
168
238
Living cost
290
290
290
290
Free-cash
-142
-193
-122
-52

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
-£117
-£94
-£99
-£198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
58
pensions
-
-
-
12
total
-
-
-
70
Employee
445
-
274
-
income
81
-
52
-
health
6
-
2
-
pensions
34
-
13
-
total
121
-
67
-
Employer
445
-
274
-
pensions
45
-
21
-
health
8
-
5
-
total
53
-
26
-
Corporate
-
300
-
-
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.

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
174
75
93
70
After tax
126
225
207
230
Living cost
324
324
324
324
Free-cash
-198
-99
-117
-94

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.

Rome , Italy
-£208
-£190
-£198
-£452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
4
national
-
-
-
51
social contributions
-
-
-
77
total
-
-
-
134
Employee
754
-
300
-
regional
11
-
3
-
social contributions
254
-
101
-
national
127
-
46
-
municipal
4
-
2
-
total
396
-
152
-
Employer
754
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
nationa
-
72
-
-
municipal
-
14
-
-
total
-
86
-
-
Dividends
-
214
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
396
142
152
134
After tax
-96
158
148
166
Living cost
356
356
356
356
Free-cash
-452
-198
-208
-190

Estimated living cost  is £356 per week

£250
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
-£26
£15
-£160
-£49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
43
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
101
Employee
290
-
249
-
income
40
-
34
-
health
33
-
29
-
pensions
33
-
28
-
total
106
-
91
-
Employer
290
-
249
-
unemployment
7
-
6
-
pensions
47
-
41
-
accident
5
-
4
-
total
59
-
51
-
Corporate
-
300
-
-
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.

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
165
276
142
101
After tax
135
24
158
199
Living cost
184
184
184
184
Free-cash
-49
-160
-26
15

Estimated living cost  is £184 per week

£135
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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Berlin , Germany
-£123
-£123
-£189
-£145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
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.

-
-
-
16
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.

-
-
-
61
trade
-
-
-
-
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
total
-
-
-
78
Employee

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

445
-
300
-
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.

37
-
16
-
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.

61
-
61
-
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
-
1
-
total
100
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
trade
-
43
-
-
total
-
92
-
-
Dividends
-
208
-
-
withholding
-
49
-
-
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
-
-
total
-
52
-
-
Income
300
300
300
300
Total tax
100
144
78
78
After tax
200
156
222
222
Living cost
345
345
345
345
Free-cash
-145
-189
-123
-123

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£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.

Riga , Latvia
-£14
£41
£54
-£25
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
300
microenterprise
-
-
-
45
income
-
-
-
-
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
surtax
-
-
-
-
total
-
-
-
73
Employee
261
-
242
-
income
47
-
43
-
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.

29
-
27
-
surtax
-
-
-
-
total
76
-
70
-
Employer
261
-
242
-
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.

63
-
58
-
surtax
-
-
-
-
total
63
-
58
-
Corporate
-
300
-
-
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%.

-
60
-
-
total
-
60
-
-
Dividends

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

-
240
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
139
60
128
73
After tax
161
240
172
227
Living cost
186
186
186
186
Free-cash
-25
54
-14
41

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Istanbul , Turkey
£43
£34
£71
£52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
47
health
-
-
-
43
pensions
-
-
-
60
total
-
-
-
150
Employee
177
-
245
-
income
34
-
50
-
health
9
-
12
-
unemployment
2
-
2
-
pensions
16
-
22
-
total
61
-
86
-
Employer
177
-
245
-
unemployment
4
-
5
-
pensions
19
-
27
-
health
17
-
23
-
total
40
-
55
-
Corporate
84
300
-
-
income
18
66
-
-
total
18
66
-
-
Dividends
65
234
-
-
withholding
13
47
-
-
total
13
47
-
-
Income
300
300
300
300
Total tax
132
113
141
150
After tax
168
187
159
150
Living cost
116
116
116
116
Free-cash
52
71
43
34

Estimated living cost  is £116 per week

£69
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.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
-£35
-£27
-£12
-£66
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
43
health
-
-
-
21
unemployment
-
-
-
2
surtax
-
-
-
-
pensions
-
-
-
60
other
-
-
-
-
total
-
-
-
126
Employee
301
-
248
-
other
-
-
-
-
income
51
-
42
-
health
8
-
6
-
unemployment
21
-
17
-
surtax
1
-
-
-
pensions
20
-
17
-
total
101
-
82
-
Employer
301
-
248
-
unemployment
10
-
8
-
pensions
40
-
33
-
other
-
-
-
-
health
14
-
11
-
total
64
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
165
111
134
126
After tax
135
189
166
174
Living cost
201
201
201
201
Free-cash
-66
-12
-35
-27

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£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
Graz , Austria
-£182
-£120
-£188
-£213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
-
chamber of commerce
-
-
-
1
health
-
-
-
23
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
56
total
-
-
-
135
Employee
391
357
357
-
other
4
4
2
-
income
35
26
33
-
health
15
14
9
-
unemployment
12
11
7
-
pensions
40
37
23
-
total
106
92
74
-
Employer
391
357
357
-
unemployment
12
11
7
-
chamber of commerce
2
1
1
-
pensions
49
45
28
-
payroll
12
11
11
-