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
£ 400
per

Your estimated
City
free-cash

Valencia , Spain
-£43
-£23
-£26
£21
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
-
-
-
400
unemployment
-
-
-
3
income
-
-
-
56
other
-
-
-
-
accident
-
-
-
4
pensions
-
-
-
113
total
-
-
-
176
Employee
336
-
303
-
unemployment
5
-
5
-
pensions
16
-
14
-
income
65
-
57
-
other
-
-
-
-
total
86
-
76
-
Employer
336
-
303
-
pensions
79
-
72
-
accident
7
-
6
-
unemployment
18
-
17
-
other
3
-
2
-
total
107
-
97
-
Corporate
-
400
-
-
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.

-
60
-
-
total
-
60
-
-
Dividends
-
340
-
-
withholding
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
193
129
173
176
After tax
207
271
227
224
Living cost
250
250
250
250
Free-cash
-43
21
-23
-26

Estimated living cost  is £250 per week

£168
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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
-£13
-£6
-£26
£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
-
-
-
400
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.

-
-
-
96
income
-
-
-
51
other
-
-
-
19
health
-
-
-
18
total
-
-
-
184
Employee
329
-
319
-
health
5
-
4
-
unemployment
3
-
3
-
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
-
22
-
income
57
-
55
-
total
88
-
84
-
Employer
329
-
319
-
health
5
-
4
-
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.

56
-
54
-
accident
3
-
3
-
unemployment
3
-
3
-
other
16
-
16
-
total
83
-
80
-
Corporate
-
400
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
400
400
400
400
Total tax
171
106
164
184
After tax
229
294
236
216
Living cost
242
242
242
242
Free-cash
-13
52
-6
-26

Estimated living cost  is £242 per week

£171
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.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£180
£139
£137
£223
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
-
-
-
400
pensions

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

-
-
-
47
unemployment
-
-
-
1
income
-
-
-
60
health
-
-
-
36
total
-
-
-
144
Employee
158
-
338
-
health
7
-
15
-
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
-
28
-
income
16
-
34
-
total
39
-
80
-
Employer
158
-
338
-
health
11
-
22
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
211
400
-
-
income
21
40
-
-
total
21
40
-
-
Dividends
190
360
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
400
400
400
400
Total tax
101
58
142
144
After tax
299
342
258
256
Living cost
119
119
119
119
Free-cash
180
223
139
137

Estimated living cost  is £119 per week

£70
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.
£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
Nice , France
-£109
-£61
-£66
-£109
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
-
-
-
400
income
-
-
-
12
other
-
-
-
12
health
-
-
-
3
social contributions
-
-
-
11
pensions
-
-
-
118
surtax
-
-
-
-
total
-
-
-
156
Employee
388
-
305
-
pensions
44
-
34
-
income
23
-
13
-
social contributions
11
-
9
-
surtax
-
-
-
-
total
78
-
56
-
Employer
388
-
305
-
health
27
-
21
-
social contributions
1
-
1
-
pensions
64
-
50
-
unemployment
16
-
12
-
other
13
-
11
-
total
121
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
199
199
151
156
After tax
201
201
249
244
Living cost
310
310
310
310
Free-cash
-109
-109
-61
-66

Estimated living cost  is £310 per week

£196
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.
£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
Rotterdam , Netherlands
-£501
-£501
-£150
-£450
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
-
-
-
400
pensions
-
-
-
72
income
-
-
-
37
health
-
-
-
61
total
-
-
-
170
Employee
775
775
775
-
health
119
101
119
-
pensions
139
106
139
-
income

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

127
127
127
-
total
385
334
385
-
Employer
775
775
775
-
health
54
54
54
-
pensions
54
54
54
-
unemployment
28
28
28
-
total
136
136
136
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
521
470
521
170
After tax
-121
-70
-121
230
Living cost
380
380
380
380
Free-cash
-501
-450
-501
-150

Estimated living cost  is £380 per week

£269
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.
£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
Dresden , Germany
£30
£39
£39
-£71
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.

-
-
-
400
trade
-
-
-
-
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.

-
-
-
23
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.

-
-
-
62
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
-
-
-
86
Employee

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

347
-
400
-
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.

62
-
62
-
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
-
23
-
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
73
-
86
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53
400
-
-
income
8
60
-
-
trade
8
63
-
-
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
-
-
chamber of commerce
1
2
-
-
total
17
128
-
-
Dividends
35
272
-
-
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.

-
4
-
-
withholding
5
64
-
-
total
5
68
-
-
Income
400
400
400
400
Total tax
95
196
86
86
After tax
305
204
314
314
Living cost
275
275
275
275
Free-cash
30
-71
39
39

Estimated living cost  is £275 per week

£173
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.
£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.

Larnaca , Cyprus
£38
£42
£118
-£16
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
-
-
-
400
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
62
total
-
-
-
72
Employee
698
698
698
-
health
5
12
6
-
income
76
65
75
-
social contributions
26
58
30
-
total
107
135
111
-
Employer
698
698
698
-
health
6
13
7
-
social contributions
26
58
30
-
total
32
71
37
-
Corporate
50
-
-
-
income
6
-
-
-
total
6
-
-
-
Dividends
44
-
-
-
withholding
7
-
-
-
total
7
-
-
-
Income
400
400
400
400
Total tax
152
206
148
72
After tax
248
194
252
328
Living cost
210
210
210
210
Free-cash
38
-16
42
118

Estimated living cost  is £210 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
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.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
-£117
-£59
-£51
-£57
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.

-
-
-
400
income
-
-
-
27
social contributions

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

-
-
-
139
surtax
-
-
-
-
total
-
-
-
166
Employee
417
-
323
-
income
87
-
61
-
social contributions
46
-
36
-
surtax
-
-
-
-
total
133
-
97
-
Employer
417
-
323
-
social contributions
99
-
77
-
total
99
-
77
-
Corporate
-
400
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
232
172
174
166
After tax
168
228
226
234
Living cost
285
285
285
285
Free-cash
-117
-57
-59
-51

Estimated living cost  is £285 per week

£213
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.
£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
Batumi , Georgia
£299
£252
£328
£312
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
85
-
400
-
income
17
-
80
-
total
17
-
80
-
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%.

315
400
-
-
total
-
-
-
-
Dividends
315
400
-
-
withholding
16
20
-
-
total
16
20
-
-
Income
400
400
400
400
Total tax
33
20
80
4
After tax
367
380
320
396
Living cost
68
68
68
68
Free-cash
299
312
252
328

Estimated living cost  is £68 per week

£42
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.
£18
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
-£64
-£31
-£18
£32
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.

-
-
-
400
pensions
-
-
-
73
unemployment
-
-
-
1
income
-
-
-
62
health
-
-
-
39
total
-
-
-
175
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.

401
-
346
-
health
26
-
22
-
unemployment
1
-
-
-
pensions
62
-
54
-
income
69
-
58
-
total
158
-
134
-
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.

401
-
346
-
health
27
-
23
-
pensions
36
-
31
-
unemployment
-
-
-
-
total
63
-
54
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
221
125
188
175
After tax
179
275
212
225
Living cost
243
243
243
243
Free-cash
-64
32
-31
-18

Estimated living cost  is £243 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
Sliema , Malta
-£85
-£34
-£244
-£108
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.

-
-
-
400
income
-
-
-
258
health

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

-
-
-
57
total
-
-
-
315
Employee
416
-
364
-
social contributions
42
-
36
-
income
45
-
33
-
total
87
-
69
-
Employer
416
-
364
-
social contributions
42
-
36
-
total
42
-
36
-
Corporate
-
400
-
-
income
-
140
-
-
total
-
140
-
-
Dividends
-
260
-
-
social contributions
27
39
-
-
total
27
39
-
-
Income
400
400
400
400
Total tax
156
179
105
315
After tax
244
221
295
85
Living cost
329
329
329
329
Free-cash
-85
-108
-34
-244

Estimated living cost  is £329 per week

£217
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.
£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
Vilnius , Lithuania
£52
£52
£65
£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
-
-
-
400
income
-
-
-
60
health
-
-
-
28
social contributions
-
-
-
55
total
-
-
-
143
Employee
308
-
400
-
health
21
-
28
-
income
51
-
73
-
social contributions
42
-
55
-
total
114
-
156
-
Employer
308
-
400
-
total
-
-
-
-
Corporate
92
400
-
-
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%.

5
20
-
-
total
5
20
-
-
Dividends
88
380
-
-
social contributions
16
52
-
-
withholding
13
57
-
-
health
8
27
-
-
total
37
136
-
-
Income
400
400
400
400
Total tax
156
156
156
143
After tax
244
244
244
257
Living cost
192
192
192
192
Free-cash
52
52
52
65

Estimated living cost  is £192 per week

£129
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
-£99
-£50
-£58
£22
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
-
-
-
400
income
-
-
-
34
health
-
-
-
54
social contributions
-
-
-
117
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
373
-
299
-
health
50
-
40
-
solidarity contribution
-
-
-
-
income
45
-
36
-
social contributions
24
-
19
-
total
119
-
95
-
Employer
373
-
299
-
health
34
-
27
-
social contributions
93
-
75
-
total
127
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
246
125
197
205
After tax
154
275
203
195
Living cost
253
253
253
253
Free-cash
-99
22
-50
-58

Estimated living cost  is £253 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£255
£214
£290
£274
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
132
-
400
-
income
26
-
80
-
total
26
-
80
-
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%.

268
400
-
-
total
-
-
-
-
Dividends
268
400
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
400
400
400
400
Total tax
39
20
80
4
After tax
361
380
320
396
Living cost
106
106
106
106
Free-cash
255
274
214
290

Estimated living cost  is £106 per week

£72
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.
£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.
£26
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
-£346
-£189
-£194
-£237
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
-
-
-
400
income
-
-
-
12
other
-
-
-
12
health
-
-
-
3
social contributions
-
-
-
11
pensions
-
-
-
118
surtax
-
-
-
-
total
-
-
-
156
Employee
568
-
305
-
pensions
64
-
34
-
income
50
-
13
-
social contributions
16
-
9
-
surtax
-
-
-
-
total
130
-
56
-
Employer
568
-
305
-
health
40
-
21
-
social contributions
2
-
1
-
pensions
93
-
50
-
unemployment
23
-
12
-
other
20
-
11
-
total
178
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
withholding
-
37
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
308
199
151
156
After tax
92
201
249
244
Living cost
438
438
438
438
Free-cash
-346
-237
-189
-194

Estimated living cost  is £438 per week

£297
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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£88
£63
£46
£133
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.

-
-
-
400
pensions
-
-
-
104
unemployment
-
-
-
6
income
-
-
-
47
health
-
-
-
41
total
-
-
-
198
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.

236
-
339
-
health
12
-
17
-
unemployment
2
-
3
-
pensions
33
-
47
-
income
33
-
53
-
total
80
-
120
-
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.

236
-
339
-
health
12
-
17
-
pensions
28
-
41
-
unemployment
2
-
3
-
total
42
-
61
-
Corporate
122
400
-
-
income
18
60
-
-
total
18
60
-
-
Dividends
104
340
-
-
withholding
16
51
-
-
total
16
51
-
-
Income
400
400
400
400
Total tax
156
111
181
198
After tax
244
289
219
202
Living cost
156
156
156
156
Free-cash
88
133
63
46

Estimated living cost  is £156 per week

£105
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.
£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.
£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
-£409
-£313
-£290
-£448
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
-
-
-
400
pensions
-
-
-
37
city
-
-
-
4
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.

-
-
-
8
health
-
-
-
2
regional
-
-
-
7
national
-
-
-
1
total
-
-
-
59
Employee
739
-
357
-
health
2
-
1
-
unemployment
-
-
-
-
city
8
-
4
-
pensions
62
-
31
-
regional
24
-
6
-
national
3
-
1
-
total
99
-
43
-
Employer
739
-
357
-
health
2
-
1
-
pensions
62
-
31
-
unemployment
-
-
-
-
other

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

15
-
7
-
total
79
-
39
-
Corporate
-
400
-
-
regional
-
85
-
-
national
-
34
-
-
total
-
119
-
-
Dividends
-
281
-
-
withholding
-
98
-
-
total
-
98
-
-
Income
400
400
400
400
Total tax
178
217
82
59
After tax
222
183
318
341
Living cost
631
631
631
631
Free-cash
-409
-448
-313
-290

Estimated living cost  is £631 per week

£411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£57
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.
£156
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
-£167
-£95
-£28
-£71
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

-
-
-
400
municipal
-
-
-
72
health
-
-
-
2
national
-
-
-
6
total
-
-
-
80
Employee
477
-
336
-
health
4
-
1
-
unemployment
7
-
5
-
pensions
32
-
23
-
national
8
-
-
-
municipal
78
-
55
-
total
129
-
84
-
Employer
477
-
336
-
health
4
-
3
-
pensions
83
-
58
-
accident
-
-
-
-
unemployment
3
-
2
-
total
90
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
municipal
-
43
-
-
national
-
-
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
219
123
147
80
After tax
181
277
253
320
Living cost
348
348
348
348
Free-cash
-167
-71
-95
-28

Estimated living cost  is £348 per week

£228
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.
£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

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
-£439
-£152
-£100
-£105
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
-
-
-
400
communal

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

-
-
-
22
social contributions
-
-
-
35
national
-
-
-
112
total
-
-
-
169
Employee

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

649
-
310
-
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
-
15
-
communal

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

34
-
16
-
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
-
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.

49
-
23
-
national
200
-
74
-
total
319
-
131
-
Employer

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

649
-
310
-
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.

40
-
19
-
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.

58
-
27
-
surtax
74
-
35
-
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
-
4
-
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
-
5
-
total
189
-
90
-
Corporate
-
400
-
-
income
-
80
-
-
surtax
-
2
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
92
-
-
total
-
92
-
-
Income
400
400
400
400
Total tax
508
174
221
169
After tax
-108
226
179
231
Living cost
331
331
331
331
Free-cash
-439
-105
-152
-100

Estimated living cost  is £331 per week

£213
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
Stockholm , Sweden
-£332
-£178
-£191
-£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
-
-
-
400
unemployment
-
-
-
-
municipal
-
-
-
85
other
-
-
-
46
health
-
-
-
25
national
-
-
-
-
accident
-
-
-
1
pensions
-
-
-
43
total
-
-
-
200
Employee
558
-
304
-
national
-
-
-
-
municipal
166
-
91
-
total
166
-
91
-
Employer
558
-
304
-
health
34
-
19
-
pensions
60
-
33
-
accident
1
-
1
-
unemployment
15
-
8
-
other
65
-
35
-
total
175
-
96
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
400
400
400
400
Total tax
341
182
187
200
After tax
59
218
213
200
Living cost
391
391
391
391
Free-cash
-332
-173
-178
-191

Estimated living cost  is £391 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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
Oslo , Norway
-£1087
-£162
-£154
-£187
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
-
-
-
400
income
-
-
-
78
social contributions
-
-
-
46
total
-
-
-
124
Employee
617
-
11
-
income
136
-
1
-
social contributions
51
-
7
-
total
187
-
8
-
Employer
617
-
11
-
social contributions
870
-
124
-
total
870
-
124
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
income
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
1 057
157
132
124
After tax
-657
243
268
276
Living cost
430
430
430
430
Free-cash
-1 087
-187
-162
-154

Estimated living cost  is £430 per week

£279
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.
£105
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
-£50
-£42
£34
-£100
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
-
-
-
400
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
62
total
-
-
-
72
Employee
698
698
698
-
health
7
12
6
-
income
73
65
75
-
social contributions
34
58
30
-
total
114
135
111
-
Employer
698
698
698
-
health
8
13
7
-
social contributions
34
58
30
-
total
42
71
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
156
206
148
72
After tax
244
194
252
328
Living cost
294
294
294
294
Free-cash
-50
-100
-42
34

Estimated living cost  is £294 per week

£201
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.
£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
Edinburgh , United Kingdom
-£98
-£58
-£21
-£24
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
-
-
-
400
income
-
-
-
76
pensions
-
-
-
21
total
-
-
-
97
Employee
445
-
360
-
health
6
-
4
-
pensions
34
-
24
-
income
81
-
66
-
total
121
-
94
-
Employer
445
-
360
-
health
8
-
7
-
pensions
45
-
33
-
total
53
-
40
-
Corporate
-
400
-
-
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.

-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
24
-
-
total
-
24
-
-
Income
400
400
400
400
Total tax
174
100
134
97
After tax
226
300
266
303
Living cost
324
324
324
324
Free-cash
-98
-24
-58
-21

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
-£366
-£164
-£144
-£150
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
-
-
-
400
municipal
-
-
-
3
regional
-
-
-
6
social contributions
-
-
-
103
national
-
-
-
70
total
-
-
-
182
Employee
765
-
400
-
social contributions
258
-
135
-
regional
12
-
5
-
national
129
-
61
-
municipal
5
-
2
-
total
404
-
203
-
Employer
765
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
19
-
-
total
-
115
-
-
Dividends
-
285
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
404
189
203
182
After tax
-4
211
197
218
Living cost
362
362
362
362
Free-cash
-366
-150
-164
-144

Estimated living cost  is £362 per week

£254
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.
£77
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
£4
£19
£86
-£160
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
-
-
-
400
pensions
-
-
-
36
income
-
-
-
62
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
total
-
-
-
122
Employee
302
-
332
-
health
35
-
38
-
pensions
34
-
37
-
income
41
-
46
-
total
110
-
121
-
Employer
302
-
332
-
pensions
49
-
54
-
accident
5
-
6
-
unemployment
7
-
8
-
total
61
-
68
-
Corporate
36
400
-
-
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.

32
360
-
-
total
32
360
-
-
Dividends
4
40
-
-
withholding
1
8
-
-
total
1
8
-
-
Income
400
400
400
400
Total tax
204
368
189
122
After tax
196
32
211
278
Living cost
192
192
192
192
Free-cash
4
-160
19
86

Estimated living cost  is £192 per week

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

Berlin , Germany
-£51
-£36
-£36
-£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

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

-
-
-
400
trade
-
-
-
-
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.

-
-
-
23
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.

-
-
-
62
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
-
-
-
86
Employee

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

451
-
400
-
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.

62
-
62
-
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
-
23
-
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
101
-
86
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
60
-
-
trade
-
57
-
-
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
-
-
chamber of commerce
-
2
-
-
total
-
122
-
-
Dividends
-
277
-
-
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.

-
4
-
-
withholding
-
66
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
101
192
86
86
After tax
299
208
314
314
Living cost
350
350
350
350
Free-cash
-51
-142
-36
-36

Estimated living cost  is £350 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
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.
£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 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
£57
£41
£122
£131
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.

-
-
-
400
income
-
-
-
-
microenterprise
-
-
-
60
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
surtax
-
-
-
-
total
-
-
-
89
Employee
265
-
322
-
income
47
-
57
-
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
-
35
-
surtax
-
-
-
-
total
76
-
92
-
Employer
265
-
322
-
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.

64
-
78
-
surtax
-
-
-
-
total
64
-
78
-
Corporate
71
400
-
-
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%.

14
80
-
-
total
14
80
-
-
Dividends

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

57
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
154
80
170
89
After tax
246
320
230
311
Living cost
189
189
189
189
Free-cash
57
131
41
122

Estimated living cost  is £189 per week

£120
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£121
£96
£85
£139
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
-
-
-
400
income
-
-
-
66
health
-
-
-
58
pensions
-
-
-
80
total
-
-
-
204
Employee
170
-
327
-
health
8
-
16
-
unemployment
2
-
3
-
pensions
15
-
29
-
income
33
-
71
-
total
58
-
119
-
Employer
170
-
327
-
health
16
-
31
-
pensions
19
-
36
-
unemployment
3
-
7
-
total
38
-
74
-
Corporate
192
400
-
-
income
42
88
-
-
total
42
88
-
-
Dividends
150
312
-
-
withholding
30
62
-
-
total
30
62
-
-
Income
400
400
400
400
Total tax
168
150
193
204
After tax
232
250
207
196
Living cost
111
111
111
111
Free-cash
121
139
96
85

Estimated living cost  is £111 per week

£66
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.
£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
Athens , Greece
£19
£17
£26
£48
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
-
-
-
400
pensions
-
-
-
80
unemployment
-
-
-
2
income
-
-
-
58
other
-
-
-
-
health
-
-
-
28
surtax
-
-
-
2
total
-
-
-
170
Employee
306
-
330
-
health
8
-
8
-
unemployment
21
-
23
-
pensions
20
-
22
-
income
51
-
55
-
other
-
-
-
-
surtax
1
-
2
-
total
101
-
110
-
Employer
306
-
330
-
health
14
-
15
-
pensions
41
-
44
-
unemployment
10
-
10
-
other
-
-
-
-
total
65
-
69
-
Corporate
30
400
-
-
income
8
104
-
-
total
8
104
-
-
Dividends
22
296
-
-
withholding
3
44
-
-
total
3
44
-
-
Income
400
400
400
400
Total tax
177
148
179
170
After tax
223
252
221
230
Living cost
204
204
204
204
Free-cash
19
48
17
26

Estimated living cost  is £204 per week

£123
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.
£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
-£120
-£134
-£65
-£96
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
-
-
-
400
pensions
-
-
-
74
chamber of commerce
-
-
-
2
unemployment
-
-
-
56
income
-
-
-
13
health
-
-
-
31
surtax
-
-
-
-
total
-
-
-
176
Employee
397
362
362
-
health
15
14
12
-
unemployment
12
11
9
-
pensions
41
37
31
-
income
35
27
29
-
other
4
4
3
-
total
107
93
84
-
Employer
397
362
362
-
health
15
14
12
-
pensions
50
45
39
-
surtax
-
-
-
-
accident
5
5
4
-
unemployment
12
11
9