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
-£20
-£23
£25
-£37
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
-
-
-
57
accident
-
-
-
4
unemployment
-
-
-
3
pensions
-
-
-
113
other
-
-
-
-
total
-
-
-
177
Employee
331
-
303
-
other
-
-
-
-
income
64
-
58
-
unemployment
5
-
5
-
pensions
16
-
14
-
total
85
-
77
-
Employer
331
-
303
-
unemployment
18
-
17
-
pensions
78
-
72
-
other
3
-
2
-
accident
7
-
6
-
total
106
-
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
191
129
174
177
After tax
209
271
226
223
Living cost
246
246
246
246
Free-cash
-37
25
-20
-23

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
-£3
-£23
£55
-£8
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
-
-
-
51
health
-
-
-
18
pensions

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

-
-
-
96
other
-
-
-
19
total
-
-
-
184
Employee
325
-
319
-
income
56
-
55
-
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
-
total
87
-
84
-
Employer
325
-
319
-
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.

55
-
54
-
other
16
-
16
-
accident
3
-
3
-
health
5
-
4
-
total
82
-
80
-
Corporate
-
400
-
-
income
-
84
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
22
-
-
total
-
22
-
-
Income
400
400
400
400
Total tax
169
106
164
184
After tax
231
294
236
216
Living cost
239
239
239
239
Free-cash
-8
55
-3
-23

Estimated living cost  is £239 per week

£169
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
£144
£140
£225
£182
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
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
143
Employee
155
-
339
-
income
16
-
34
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
total
39
-
78
-
Employer
155
-
339
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
61
-
Corporate
214
400
-
-
income
21
40
-
-
total
21
40
-
-
Dividends
193
360
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
400
400
400
400
Total tax
101
58
139
143
After tax
299
342
261
257
Living cost
117
117
117
117
Free-cash
182
225
144
140

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
-£57
-£62
-£105
-£103
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
social contributions
-
-
-
11
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
118
other
-
-
-
12
total
-
-
-
156
Employee
383
-
305
-
income
23
-
13
-
social contributions
11
-
9
-
surtax
-
-
-
-
pensions
43
-
34
-
total
77
-
56
-
Employer
383
-
305
-
unemployment
16
-
12
-
social contributions
1
-
1
-
pensions
63
-
50
-
other
13
-
11
-
health
27
-
21
-
total
120
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
197
199
151
156
After tax
203
201
249
244
Living cost
306
306
306
306
Free-cash
-103
-105
-57
-62

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
-£489
-£145
-£439
-£489
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
-
-
-
37
health
-
-
-
61
pensions
-
-
-
72
total
-
-
-
170
Employee
765
765
765
-
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
765
765
765
-
unemployment
28
28
28
-
pensions
53
53
53
-
health
53
53
53
-
total
134
134
134
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
514
464
514
170
After tax
-114
-64
-114
230
Living cost
375
375
375
375
Free-cash
-489
-439
-489
-145

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.
£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
£43
£43
-£68
£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

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

-
-
-
400
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.

-
-
-
24
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
-
-
-
86
Employee

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

343
-
400
-
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
-
24
-
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
-
86
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57
400
-
-
chamber of commerce
1
2
-
-
income
9
60
-
-
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
-
-
trade
9
63
-
-
total
19
128
-
-
Dividends
38
272
-
-
withholding
6
65
-
-
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
-
-
total
6
69
-
-
Income
400
400
400
400
Total tax
97
197
86
86
After tax
303
203
314
314
Living cost
271
271
271
271
Free-cash
32
-68
43
43

Estimated living cost  is £271 per week

£171
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
£46
£121
-£10
£40
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
-
-
-
-
social contributions
-
-
-
62
health
-
-
-
10
total
-
-
-
72
Employee
689
689
689
-
income
75
64
74
-
social contributions
26
57
30
-
health
5
12
6
-
total
106
133
110
-
Employer
689
689
689
-
social contributions
26
57
30
-
health
6
13
7
-
total
32
70
37
-
Corporate
54
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
48
-
-
-
withholding
8
-
-
-
total
8
-
-
-
Income
400
400
400
400
Total tax
153
203
147
72
After tax
247
197
253
328
Living cost
207
207
207
207
Free-cash
40
-10
46
121

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
-£56
-£47
-£53
-£110
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
412
-
323
-
income
86
-
62
-
social contributions
45
-
36
-
surtax
-
-
-
-
total
131
-
98
-
Employer
412
-
323
-
social contributions
98
-
77
-
total
98
-
77
-
Corporate
-
400
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
316
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
400
400
400
400
Total tax
229
172
175
166
After tax
171
228
225
234
Living cost
281
281
281
281
Free-cash
-110
-53
-56
-47

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
£256
£332
£316
£304
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
80
-
400
-
income
16
-
80
-
total
16
-
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%.

320
400
-
-
total
-
-
-
-
Dividends
320
400
-
-
withholding
16
20
-
-
total
16
20
-
-
Income
400
400
400
400
Total tax
32
20
80
4
After tax
368
380
320
396
Living cost
64
64
64
64
Free-cash
304
316
256
332

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
-£28
-£15
£35
-£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

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
income
-
-
-
62
health
-
-
-
39
unemployment
-
-
-
1
pensions
-
-
-
73
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.

396
-
346
-
income
68
-
58
-
health
26
-
22
-
unemployment
1
-
-
-
pensions
61
-
54
-
total
156
-
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.

396
-
346
-
unemployment
-
-
-
-
pensions
35
-
31
-
health
26
-
23
-
total
61
-
54
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
217
125
188
175
After tax
183
275
212
225
Living cost
240
240
240
240
Free-cash
-57
35
-28
-15

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
-£31
-£238
-£104
-£79
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
-
-
-
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
411
-
364
-
social contributions
41
-
36
-
income
45
-
34
-
total
86
-
70
-
Employer
411
-
364
-
social contributions
41
-
36
-
total
41
-
36
-
Corporate
-
400
-
-
income
-
140
-
-
total
-
140
-
-
Dividends
-
260
-
-
social contributions
27
39
-
-
total
27
39
-
-
Income
400
400
400
400
Total tax
154
179
106
313
After tax
246
221
294
87
Living cost
325
325
325
325
Free-cash
-79
-104
-31
-238

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
£54
£67
£54
£53
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
social contributions
-
-
-
55
health
-
-
-
28
total
-
-
-
143
Employee
304
-
400
-
income
51
-
73
-
social contributions
42
-
55
-
health
21
-
28
-
total
114
-
156
-
Employer
304
-
400
-
total
-
-
-
-
Corporate
96
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
91
380
-
-
withholding
14
57
-
-
health
8
27
-
-
social contributions
16
52
-
-
total
38
136
-
-
Income
400
400
400
400
Total tax
157
156
156
143
After tax
243
244
244
257
Living cost
190
190
190
190
Free-cash
53
54
54
67

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
-£39
-£47
£33
-£77
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
social contributions
-
-
-
117
solidarity contribution
-
-
-
-
health
-
-
-
54
total
-
-
-
205
Employee
355
-
299
-
solidarity contribution
-
-
-
-
income
43
-
36
-
social contributions
23
-
19
-
health
48
-
40
-
total
114
-
95
-
Employer
355
-
299
-
social contributions
89
-
75
-
health
32
-
27
-
total
121
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
235
125
197
205
After tax
165
275
203
195
Living cost
242
242
242
242
Free-cash
-77
33
-39
-47

Estimated living cost  is £242 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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£220
£296
£280
£261
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
125
-
400
-
income
25
-
80
-
total
25
-
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%.

275
400
-
-
total
-
-
-
-
Dividends
275
400
-
-
withholding
14
20
-
-
total
14
20
-
-
Income
400
400
400
400
Total tax
39
20
80
4
After tax
361
380
320
396
Living cost
100
100
100
100
Free-cash
261
280
220
296

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
-£184
-£189
-£232
-£336
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
social contributions
-
-
-
11
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
118
other
-
-
-
12
total
-
-
-
156
Employee
561
-
305
-
income
49
-
13
-
social contributions
16
-
9
-
surtax
-
-
-
-
pensions
63
-
34
-
total
128
-
56
-
Employer
561
-
305
-
unemployment
23
-
12
-
social contributions
2
-
1
-
pensions
92
-
50
-
other
19
-
11
-
health
39
-
21
-
total
175
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
surtax
-
-
-
-
social contributions
-
50
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
303
199
151
156
After tax
97
201
249
244
Living cost
433
433
433
433
Free-cash
-336
-232
-184
-189

Estimated living cost  is £433 per week

£293
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.
£99
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
£65
£47
£135
£90
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
income
-
-
-
48
health
-
-
-
41
unemployment
-
-
-
6
pensions
-
-
-
104
total
-
-
-
199
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
-
339
-
income
32
-
53
-
health
12
-
17
-
unemployment
2
-
3
-
pensions
33
-
47
-
total
79
-
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.

233
-
339
-
unemployment
2
-
3
-
pensions
28
-
41
-
health
12
-
17
-
total
42
-
61
-
Corporate
125
400
-
-
income
19
60
-
-
total
19
60
-
-
Dividends
107
340
-
-
withholding
16
51
-
-
total
16
51
-
-
Income
400
400
400
400
Total tax
156
111
181
199
After tax
244
289
219
201
Living cost
154
154
154
154
Free-cash
90
135
65
47

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
-£307
-£285
-£442
-£401
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
regional
-
-
-
8
national
-
-
-
1
health
-
-
-
2
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
pensions
-
-
-
37
total
-
-
-
60
Employee
732
-
357
-
regional
24
-
6
-
city
8
-
4
-
health
2
-
1
-
unemployment
-
-
-
-
national
3
-
1
-
pensions
61
-
31
-
total
98
-
43
-
Employer
732
-
357
-
unemployment
-
-
-
-
pensions
61
-
31
-
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
-
health
2
-
1
-
total
78
-
39
-
Corporate
-
400
-
-
regional
-
85
-
-
national
-
34
-
-
total
-
119
-
-
Dividends
-
281
-
-
withholding
-
98
-
-
total
-
98
-
-
Income
400
400
400
400
Total tax
176
217
82
60
After tax
224
183
318
340
Living cost
625
625
625
625
Free-cash
-401
-442
-307
-285

Estimated living cost  is £625 per week

£407
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
-£91
-£24
-£67
-£161
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
national
-
-
-
6
health
-
-
-
2
total
-
-
-
80
Employee
471
-
336
-
health
4
-
1
-
unemployment
7
-
5
-
national
8
-
-
-
municipal
77
-
55
-
pensions
32
-
23
-
total
128
-
84
-
Employer
471
-
336
-
unemployment
3
-
2
-
pensions
82
-
58
-
accident
-
-
-
-
health
4
-
3
-
total
89
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
national
-
-
-
-
municipal
-
43
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
217
123
147
80
After tax
183
277
253
320
Living cost
344
344
344
344
Free-cash
-161
-67
-91
-24

Estimated living cost  is £344 per week

£225
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
-£148
-£97
-£101
-£427
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
national
-
-
-
112
social contributions
-
-
-
36
communal

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

-
-
-
22
total
-
-
-
170
Employee

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

641
-
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.

33
-
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
-
national
197
-
74
-
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
-
23
-
total
314
-
131
-
Employer

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

641
-
310
-
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
-
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
-
27
-
surtax
73
-
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
-
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
-
19
-
total
186
-
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
500
174
221
170
After tax
-100
226
179
230
Living cost
327
327
327
327
Free-cash
-427
-101
-148
-97

Estimated living cost  is £327 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.
£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
Stockholm , Sweden
-£154
-£167
-£149
-£288
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
-
-
-
85
national
-
-
-
-
health
-
-
-
25
accident
-
-
-
1
unemployment
-
-
-
-
pensions
-
-
-
43
other
-
-
-
46
total
-
-
-
200
Employee
523
-
304
-
national
-
-
-
-
municipal
156
-
91
-
total
156
-
91
-
Employer
523
-
304
-
unemployment
14
-
8
-
pensions
57
-
33
-
other
61
-
35
-
accident
1
-
1
-
health
32
-
19
-
total
165
-
96
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
400
400
400
400
Total tax
321
182
187
200
After tax
79
218
213
200
Living cost
367
367
367
367
Free-cash
-288
-149
-154
-167

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
-£118
-£121
-£154
-£973
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
569
-
-
-
income
126
-
-
-
social contributions
47
-
7
-
total
173
-
7
-
Employer
569
-
-
-
social contributions
803
-
114
-
total
803
-
114
-
Corporate
-
400
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
312
-
-
income
-
69
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
976
157
121
124
After tax
-576
243
279
276
Living cost
397
397
397
397
Free-cash
-973
-154
-118
-121

Estimated living cost  is £397 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
-£38
£37
-£94
-£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
-
-
-
400
income
-
-
-
-
social contributions
-
-
-
62
health
-
-
-
10
total
-
-
-
72
Employee
689
689
689
-
income
72
64
74
-
social contributions
33
57
30
-
health
7
12
6
-
total
112
133
110
-
Employer
689
689
689
-
social contributions
33
57
30
-
health
7
13
7
-
total
40
70
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
152
203
147
72
After tax
248
197
253
328
Living cost
291
291
291
291
Free-cash
-43
-94
-38
37

Estimated living cost  is £291 per week

£199
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
-£58
-£21
-£24
-£98
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
-
income
81
-
66
-
health
6
-
4
-
pensions
34
-
24
-
total
121
-
94
-
Employer
445
-
360
-
pensions
45
-
33
-
health
8
-
7
-
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
-£160
-£139
-£146
-£356
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
national
-
-
-
70
social contributions
-
-
-
103
total
-
-
-
182
Employee
755
-
400
-
regional
11
-
5
-
social contributions
255
-
135
-
national
128
-
61
-
municipal
5
-
2
-
total
399
-
203
-
Employer
755
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
19
-
-
total
-
115
-
-
Dividends
-
285
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
399
189
203
182
After tax
1
211
197
218
Living cost
357
357
357
357
Free-cash
-356
-146
-160
-139

Estimated living cost  is £357 per week

£251
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
£27
£94
-£152
£4
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
-
-
-
64
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
122
Employee
290
-
332
-
income
40
-
46
-
health
33
-
38
-
pensions
33
-
37
-
total
106
-
121
-
Employer
290
-
332
-
unemployment
7
-
8
-
pensions
47
-
54
-
accident
5
-
6
-
total
59
-
68
-
Corporate
51
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.

46
360
-
-
total
46
360
-
-
Dividends
5
40
-
-
withholding
1
8
-
-
total
1
8
-
-
Income
400
400
400
400
Total tax
212
368
189
122
After tax
188
32
211
278
Living cost
184
184
184
184
Free-cash
4
-152
27
94

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
-£32
-£32
-£138
-£46
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
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.

-
-
-
24
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
-
-
-
86
Employee

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

446
-
400
-
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
-
24
-
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
-
86
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
chamber of commerce
-
2
-
-
income
-
60
-
-
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
-
-
trade
-
57
-
-
total
-
122
-
-
Dividends
-
277
-
-
withholding
-
66
-
-
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
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
100
192
86
86
After tax
300
208
314
314
Living cost
346
346
346
346
Free-cash
-46
-138
-32
-32

Estimated living cost  is £346 per week

£239
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
£44
£126
£134
£60
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
microenterprise
-
-
-
60
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
-
-
-
88
Employee
262
-
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
262
-
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.

63
-
78
-
surtax
-
-
-
-
total
63
-
78
-
Corporate
75
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%.

15
80
-
-
total
15
80
-
-
Dividends

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

60
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
154
80
170
88
After tax
246
320
230
312
Living cost
186
186
186
186
Free-cash
60
134
44
126

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
£92
£81
£134
£114
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
-
-
-
65
health
-
-
-
58
pensions
-
-
-
80
total
-
-
-
203
Employee
176
-
327
-
income
34
-
70
-
health
9
-
16
-
unemployment
2
-
3
-
pensions
16
-
29
-
total
61
-
118
-
Employer
176
-
327
-
unemployment
4
-
7
-
pensions
19
-
36
-
health
17
-
31
-
total
40
-
74
-
Corporate
184
400
-
-
income
40
88
-
-
total
40
88
-
-
Dividends
143
312
-
-
withholding
29
62
-
-
total
29
62
-
-
Income
400
400
400
400
Total tax
170
150
192
203
After tax
230
250
208
197
Living cost
116
116
116
116
Free-cash
114
134
92
81

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
£20
£29
£51
£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
income
-
-
-
58
health
-
-
-
28
unemployment
-
-
-
2
surtax
-
-
-
2
pensions
-
-
-
80
other
-
-
-
-
total
-
-
-
170
Employee
302
-
330
-
other
-
-
-
-
income
51
-
55
-
health
8
-
8
-
unemployment
21
-
23
-
surtax
1
-
2
-
pensions
20
-
22
-
total
101
-
110
-
Employer
302
-
330
-
unemployment
10
-
10
-
pensions
40
-
44
-
other
-
-
-
-
health
14
-
15
-
total
64
-
69
-
Corporate
35
400
-
-
income
9
104
-
-
total
9
104
-
-
Dividends
26
296
-
-
withholding
4
44
-
-
total
4
44
-
-
Income
400
400
400
400
Total tax
178
148
179
170
After tax
222
252
221
230
Living cost
201
201
201
201
Free-cash
21
51
20
29

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
-£132
-£61
-£89
-£114
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
-
-
-
13
chamber of commerce
-
-
-
2
health
-
-
-
31
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
74
total
-
-
-
175
Employee
392
357
357
-
other
4
4
3
-
income
35
26
29
-
health
15
14
12
-
unemployment
12
11
9
-
pensions
40
37
32
-
total
106
92
85
-
Employer
392
357
357
-
unemployment
12
11
9
-
chamber of commerce
2
1
1
-
pensions
49
45
39
-
payroll
12
11
11
-
other
19
17
17