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
£ 500
per

Your estimated
City
free-cash

Dresden , Germany
£82
£114
-£16
£101
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.

-
-
-
500
health

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

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

-
-
-
61
trade
-
-
-
13
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.

-
-
-
52
surtax

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

-
-
-
3
total
-
-
-
129
Employee

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

342
-
500
-
health

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

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

61
-
61
-
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
-
52
-
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
-
3
-
total
72
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
158
500
-
-
income
24
75
-
-
chamber of commerce
2
2
-
-
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
4
-
-
trade
25
79
-
-
total
52
160
-
-
Dividends
107
340
-
-
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
4
-
-
withholding
23
82
-
-
total
24
86
-
-
Income
500
500
500
500
Total tax
148
246
116
129
After tax
352
254
384
371
Living cost
270
270
270
270
Free-cash
82
-16
114
101

Estimated living cost  is £270 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£298
-£153
-£160
-£156
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
-
-
-
500
social contributions
-
-
-
5
municipal
-
-
-
47
pensions
-
-
-
60
national
-
-
-
72
total
-
-
-
184
Employee
732
-
432
-
pensions
29
-
17
-
municipal
90
-
49
-
national
140
-
75
-
total
259
-
141
-
Employer
732
-
432
-
pensions
59
-
35
-
social contributions
8
-
5
-
total
67
-
40
-
Corporate
-
500
-
-
income

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

-
100
-
-
total
-
100
-
-
Dividends
-
400
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
326
188
181
184
After tax
174
312
319
316
Living cost
472
472
472
472
Free-cash
-298
-160
-153
-156

Estimated living cost  is £472 per week

£321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£141
£101
£214
£211
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.

-
-
-
500
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
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
75
total
-
-
-
103
Employee
261
-
403
-
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
-
44
-
income
46
-
72
-
surtax
-
-
-
-
total
75
-
116
-
Employer
261
-
403
-
surtax
-
-
-
-
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
-
97
-
total
63
-
97
-
Corporate
176
500
-
-
income

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

35
100
-
-
total
35
100
-
-
Dividends

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

141
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
173
100
213
103
After tax
327
400
287
397
Living cost
186
186
186
186
Free-cash
141
214
101
211

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

Source of data for Riga model

Close
Rotterdam , Netherlands
-£386
-£386
-£337
-£88
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
-
-
-
500
health
-
-
-
77
income
-
-
-
47
pensions
-
-
-
90
total
-
-
-
214
Employee
763
763
763
-
pensions
137
105
137
-
health
117
100
117
-
income

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

125
125
125
-
total
379
330
379
-
Employer
763
763
763
-
pensions
53
53
53
-
health
53
53
53
-
unemployment
27
27
27
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
512
463
512
214
After tax
-12
37
-12
286
Living cost
374
374
374
374
Free-cash
-386
-337
-386
-88

Estimated living cost  is £374 per week

£265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-£191
-£101
-£96
-£119
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
-
-
-
500
accident
-
-
-
1
health
-
-
-
31
municipal
-
-
-
106
pensions
-
-
-
54
other
-
-
-
58
unemployment
-
-
-
-
national
-
-
-
-
total
-
-
-
250
Employee
526
-
380
-
municipal
157
-
113
-
national
-
-
-
-
total
157
-
113
-
Employer
526
-
380
-
pensions
57
-
41
-
other
61
-
44
-
health
32
-
23
-
unemployment
14
-
10
-
accident
1
-
1
-
total
165
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
322
227
232
250
After tax
178
273
268
250
Living cost
369
369
369
369
Free-cash
-191
-96
-101
-119

Estimated living cost  is £369 per week

£244
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.
£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

Source of data for Stockholm model

Close
Hamburg , Germany
£27
£33
-£99
£19
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.

-
-
-
500
health

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

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

-
-
-
61
trade
-
-
-
14
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.

-
-
-
52
surtax

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

-
-
-
3
total
-
-
-
130
Employee

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

453
-
500
-
health

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

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

61
-
61
-
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.

39
-
52
-
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
-
3
-
total
102
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47
500
-
-
income
7
75
-
-
chamber of commerce
1
2
-
-
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
-
-
trade
8
82
-
-
total
16
163
-
-
Dividends
31
337
-
-
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
4
81
-
-
total
4
85
-
-
Income
500
500
500
500
Total tax
122
248
116
130
After tax
378
252
384
370
Living cost
351
351
351
351
Free-cash
27
-99
33
19

Estimated living cost  is £351 per week

£235
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.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£42
£47
£7
£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
-
-
-
500
social contributions
-
-
-
78
health
-
-
-
13
income
-
-
-
16
total
-
-
-
107
Employee
687
687
687
-
health
7
12
8
-
social contributions
33
57
38
-
income
72
64
71
-
total
112
133
117
-
Employer
687
687
687
-
health
7
13
8
-
social contributions
33
57
38
-
total
40
70
46
-
Corporate
57
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
50
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
500
500
500
500
Total tax
168
203
163
107
After tax
332
297
337
393
Living cost
290
290
290
290
Free-cash
42
7
47
103

Estimated living cost  is £290 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£122
£125
£118
£181
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
-
-
-
500
health
-
-
-
35
income
-
-
-
61
pensions
-
-
-
50
unemployment
-
-
-
8
total
-
-
-
154
Employee

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

The minimum wage is 138,000 HUF per month.

238
95
418
-
unemployment
4
1
6
-
pensions
24
9
42
-
health
17
7
29
-
income
29
12
51
-
total
74
29
128
-
Employer

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

The minimum wage is 138,000 HUF per month.

238
95
418
-
pensions
46
18
82
-
total
46
18
82
-
Corporate
216
387
-
-
income
19
35
-
-
total
19
35
-
-
Dividends
197
352
-
-
social contributions
37
68
-
-
withholding
37
67
-
-
total
74
135
-
-
Income
500
500
500
500
Total tax
213
217
210
154
After tax
287
283
290
346
Living cost
165
165
165
165
Free-cash
122
118
125
181

Estimated living cost  is £165 per week

£112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£128
£79
£184
£62
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
-
-
-
500
health
-
-
-
65
income
-
-
-
57
pensions
-
-
-
100
total
-
-
-
222
Employee
253
-
374
-
unemployment
4
-
6
-
pensions
5
-
7
-
income
29
-
65
-
total
38
-
78
-
Employer
253
-
374
-
pensions
51
-
75
-
health
33
-
49
-
unemployment
2
-
3
-
total
86
-
127
-
Corporate
161
500
-
-
income
32
100
-
-
total
32
100
-
-
Dividends
129
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
156
100
205
222
After tax
344
400
295
278
Living cost
216
216
216
216
Free-cash
128
184
79
62

Estimated living cost  is £216 per week

£148
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.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£11
£64
-£159
£147
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
-
-
-
500
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
91
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
154
Employee
314
-
415
-
pensions
35
-
47
-
health
36
-
48
-
income
43
-
57
-
total
114
-
152
-
Employer
314
-
415
-
pensions
51
-
68
-
unemployment
8
-
10
-
accident
5
-
7
-
total
64
-
85
-
Corporate
122
500
-
-
income

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

110
450
-
-
total
110
450
-
-
Dividends
12
50
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
500
500
500
500
Total tax
290
460
237
154
After tax
210
40
263
346
Living cost
199
199
199
199
Free-cash
11
-159
64
147

Estimated living cost  is £199 per week

£146
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.
£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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£389
£327
£402
£422
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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
91
-
500
-
income
18
-
100
-
total
18
-
100
-
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%.

409
500
-
-
total
-
-
-
-
Dividends
409
500
-
-
withholding
20
25
-
-
total
20
25
-
-
Income
500
500
500
500
Total tax
38
25
100
5
After tax
462
475
400
495
Living cost
73
73
73
73
Free-cash
389
402
327
422

Estimated living cost  is £73 per week

£45
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.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£68
£54
£129
£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
-
-
-
500
health
-
-
-
22
income
-
-
-
64
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.

-
-
-
120
other
-
-
-
24
total
-
-
-
230
Employee
324
-
399
-
unemployment
3
-
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.

23
-
28
-
health
5
-
6
-
income
56
-
69
-
total
87
-
107
-
Employer
324
-
399
-
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
-
68
-
other
16
-
20
-
health
5
-
6
-
unemployment
3
-
4
-
accident
3
-
3
-
total
82
-
101
-
Corporate
94
500
-
-
income
20
105
-
-
total
20
105
-
-
Dividends
74
395
-
-
withholding
5
28
-
-
total
5
28
-
-
Income
500
500
500
500
Total tax
194
133
208
230
After tax
306
367
292
270
Living cost
238
238
238
238
Free-cash
68
129
54
32

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£441
-£258
-£209
-£208
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
-
-
-
500
income
-
-
-
94
pensions
-
-
-
30
total
-
-
-
124
Employee
826
-
446
-
pensions
80
-
34
-
health
14
-
6
-
income
149
-
81
-
total
243
-
121
-
Employer
826
-
446
-
pensions
98
-
45
-
health
16
-
8
-
total
114
-
53
-
Corporate
-
500
-
-
income

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

-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
357
125
174
124
After tax
143
375
326
376
Living cost
584
584
584
584
Free-cash
-441
-209
-258
-208

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£268
£234
£310
£225
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
-
-
-
500
health
-
-
-
36
income
-
-
-
75
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
158
Employee
155
-
439
-
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
-
health
7
-
14
-
income
16
-
44
-
total
39
-
88
-
Employer
155
-
439
-
pensions

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

17
-
34
-
health
11
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
31
-
61
-
Corporate
314
500
-
-
income
31
50
-
-
total
31
50
-
-
Dividends
283
450
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
500
500
500
500
Total tax
115
73
149
158
After tax
385
427
351
342
Living cost
117
117
117
117
Free-cash
268
310
234
225

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£474
-£507
-£458
-£209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
health
-
-
-
77
income
-
-
-
47
pensions
-
-
-
90
total
-
-
-
214
Employee
828
763
763
-
pensions
105
105
137
-
health
103
100
117
-
income

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

125
125
125
-
total
333
330
379
-
Employer
828
763
763
-
pensions
58
53
53
-
health
58
53
53
-
unemployment
30
27
27
-
total
146
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
479
463
512
214
After tax
21
37
-12
286
Living cost
495
495
495
495
Free-cash
-474
-458
-507
-209

Estimated living cost  is £495 per week

£365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£43
£32
£122
£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
-
-
-
500
social contributions
-
-
-
146
health
-
-
-
67
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
326
-
373
-
solidarity contribution
-
-
-
-
health
44
-
50
-
social contributions
21
-
24
-
income
39
-
45
-
total
104
-
119
-
Employer
326
-
373
-
health
29
-
34
-
social contributions
82
-
93
-
total
111
-
127
-
Corporate
63
500
-
-
income
12
95
-
-
total
12
95
-
-
Dividends
51
405
-
-
withholding
8
61
-
-
total
8
61
-
-
Income
500
500
500
500
Total tax
235
156
246
256
After tax
265
344
254
244
Living cost
222
222
222
222
Free-cash
43
122
32
22

Estimated living cost  is £222 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£294
-£132
-£111
-£104
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
-
-
-
500
social contributions
-
-
-
129
municipal
-
-
-
3
regional
-
-
-
5
national
-
-
-
90
total
-
-
-
227
Employee
794
-
500
-
regional
7
-
4
-
municipal
4
-
3
-
national
138
-
79
-
social contributions
268
-
169
-
total
417
-
255
-
Employer
794
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
20
-
-
nationa
-
120
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
417
234
255
227
After tax
83
266
245
273
Living cost
377
377
377
377
Free-cash
-294
-111
-132
-104

Estimated living cost  is £377 per week

£263
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.
£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.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£89
£75
£118
£86
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
-
-
-
500
health
-
-
-
36
income
-
-
-
75
surtax
-
-
-
4
pensions
-
-
-
100
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
217
Employee
295
-
413
-
unemployment
21
-
29
-
pensions
20
-
28
-
health
8
-
11
-
income
50
-
70
-
other
-
-
-
-
surtax
1
-
3
-
total
100
-
141
-
Employer
295
-
413
-
pensions
39
-
55
-
other
-
-
-
-
health
13
-
19
-
unemployment
9
-
13
-
total
61
-
87
-
Corporate
143
500
-
-
income
37
130
-
-
total
37
130
-
-
Dividends
105
370
-
-
withholding
16
55
-
-
total
16
55
-
-
Income
500
500
500
500
Total tax
214
185
228
217
After tax
286
315
272
283
Living cost
197
197
197
197
Free-cash
89
118
75
86

Estimated living cost  is £197 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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-£125
-£73
-£24
-£23
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
-
-
-
500
income
-
-
-
94
pensions
-
-
-
30
total
-
-
-
124
Employee
554
-
446
-
pensions
47
-
34
-
health
8
-
6
-
income
100
-
81
-
total
155
-
121
-
Employer
554
-
446
-
pensions
60
-
45
-
health
11
-
8
-
total
71
-
53
-
Corporate
-
500
-
-
income

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

-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
226
125
174
124
After tax
274
375
326
376
Living cost
399
399
399
399
Free-cash
-125
-24
-73
-23

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£412
-£313
-£482
-£285
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
-
-
-
500
health
-
-
-
2
pensions
-
-
-
46
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.

-
-
-
10
regional
-
-
-
10
city
-
-
-
5
national
-
-
-
1
total
-
-
-
74
Employee
832
-
447
-
unemployment
-
-
-
-
pensions
70
-
38
-
regional
27
-
9
-
national
4
-
1
-
health
2
-
1
-
city
9
-
5
-
total
112
-
54
-
Employer
832
-
447
-
pensions
70
-
38
-
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.

17
-
9
-
health
2
-
1
-
unemployment
-
-
-
-
total
89
-
48
-
Corporate
-
500
-
-
regional
-
106
-
-
national
-
42
-
-
total
-
148
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
201
271
102
74
After tax
299
229
398
426
Living cost
711
711
711
711
Free-cash
-412
-482
-313
-285

Estimated living cost  is £711 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
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.
£176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-£36
-£25
-£160
-£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

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

-
-
-
500
health

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

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

-
-
-
61
trade
-
-
-
15
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.

-
-
-
52
surtax

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

-
-
-
3
total
-
-
-
131
Employee

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

537
-
500
-
health

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

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

61
-
61
-
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.

63
-
52
-
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
-
3
-
total
127
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
75
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
86
-
-
total
-
167
-
-
Dividends
-
333
-
-
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
-
80
-
-
total
-
84
-
-
Income
500
500
500
500
Total tax
127
251
116
131
After tax
373
249
384
369
Living cost
409
409
409
409
Free-cash
-36
-160
-25
-40

Estimated living cost  is £409 per week

£299
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
-£2
-£1
-£54
-£6
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
-
-
-
500
social contributions
-
-
-
14
health
-
-
-
4
income
-
-
-
22
surtax
-
-
-
-
pensions
-
-
-
144
other
-
-
-
16
total
-
-
-
200
Employee
382
-
381
-
pensions
43
-
43
-
social contributions
11
-
11
-
income
23
-
22
-
surtax
-
-
-
-
total
77
-
76
-
Employer
382
-
381
-
pensions
63
-
63
-
other
13
-
13
-
health
27
-
27
-
unemployment
15
-
15
-
social contributions
1
-
1
-
total
119
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
withholding
-
46
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
196
248
195
200
After tax
304
252
305
300
Living cost
306
306
306
306
Free-cash
-2
-54
-1
-6

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

Source of data for Nice model

Close
Marseille , France
£25
£30
-£23
£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
social contributions
-
-
-
14
health
-
-
-
4
income
-
-
-
22
surtax
-
-
-
-
pensions
-
-
-
144
other
-
-
-
16
total
-
-
-
200
Employee
341
-
381
-
pensions
39
-
43
-
social contributions
10
-
11
-
income
18
-
22
-
surtax
-
-
-
-
total
67
-
76
-
Employer
341
-
381
-
pensions
56
-
63
-
other
12
-
13
-
health
24
-
27
-
unemployment
14
-
15
-
social contributions
1
-
1
-
total
107
-
119
-
Corporate
52
500
-
-
income
15
140
-
-
surtax
-
-
-
-
total
15
140
-
-
Dividends
38
360
-
-
surtax
-
-
-
-
social contributions
6
62
-
-
withholding
5
46
-
-
total
11
108
-
-
Income
500
500
500
500
Total tax
200
248
195
200
After tax
300
252
305
300
Living cost
275
275
275
275
Free-cash
25
-23
30
25

Estimated living cost  is £275 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£120
£111
£116
£132
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
-
-
-
500
social contributions
-
-
-
69
health
-
-
-
35
income
-
-
-
75
total
-
-
-
179
Employee
303
-
500
-
health
21
-
35
-
social contributions
42
-
69
-
income
51
-
96
-
total
114
-
200
-
Employer
303
-
500
-
total
-
-
-
-
Corporate
197
500
-
-
income

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

10
25
-
-
total
10
25
-
-
Dividends
187
475
-
-
health
13
33
-
-
social contributions
26
66
-
-
withholding
28
71
-
-
total
67
170
-
-
Income
500
500
500
500
Total tax
191
195
200
179
After tax
309
305
300
321
Living cost
189
189
189
189
Free-cash
120
116
111
132

Estimated living cost  is £189 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

Source of data for Vilnius model

Close
Vienna , Austria
-£84
-£123
-£29
-£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
-
-
-
500
health
-
-
-
38
surtax
-
-
-
2
income
-
-
-
33
chamber of commerce
-
-
-
2
pensions
-
-
-
92
unemployment
-
-
-
55
total
-
-
-
222
Employee
446
356
387
-
unemployment
13
11
12
-
pensions
46
36
40
-
health
17
14
15
-
income
51
26
34
-
other
4
4
4
-
total
131
91
105
-
Employer
446
356
387
-
chamber of commerce
2
1
2
-
pensions
56
45
49
-
other
21
17
18
-
health
17
13
15
-
unemployment
13
11
12
-
accident
6
5
5
-
surtax
2
2
2
-
payroll
13
11
12
-
total
130
105
115
-
Corporate
34
40
353
-
income

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

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

8
10
88
-
total
8
10
88
-
Dividends
-
30
-
-
withholding
-
8
-
-
total
-
8
-
-
Income
500
500
500
500
Total tax
269
214
308
222
After tax
231
286
192
278
Living cost
315
315
315
315
Free-cash
-84
-29
-123
-37

Estimated living cost  is £315 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-£324
-£110
-£44
-£56
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
-
-
-
500
social contributions
-
-
-
57
communal

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

-
-
-
27
national
-
-
-
146
total
-
-
-
230
Employee

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

639
-
387
-
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.

48
-
29
-
national
196
-
101
-
health

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

30
-
18
-
communal

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

33
-
20
-
total
313
-
171
-
Employer

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

639
-
387
-
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
-
34
-
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
-
24
-
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
-
6
-
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
-
5
-
surtax
72
-
44
-
total
185
-
113
-
Corporate
-
500
-
-
income
-
100
-
-
surtax
-
2
-
-
total
-
102
-
-
Dividends
-
398
-
-
withholding

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

-
116
-
-
total
-
116
-
-
Income
500
500
500
500
Total tax
498
218
284
230
After tax
2
282
216
270
Living cost
326
326
326
326
Free-cash
-324
-44
-110
-56

Estimated living cost  is £326 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-£87
-£43
£15
-£49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
5
income
-
-
-
74
pensions
-
-
-
142
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
226
Employee
445
-
379
-
unemployment
7
-
6
-
pensions
21
-
18
-
income
94
-
75
-
other
-
-
-
-
total
122
-
99
-
Employer
445
-
379
-
pensions
105
-
89
-
other
4
-
3
-
unemployment
24
-
21
-
accident
9
-
8
-
total
142
-
121
-
Corporate
-
500
-
-
income

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

-
75
-
-
total
-
75
-
-
Dividends
-
425
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
264
162
220
226
After tax
236
338
280
274
Living cost
322
322
322
322
Free-cash
-87
15
-43
-49

Estimated living cost  is £322 per week

£237
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£256
-£144
-£171
-£154
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
-
-
-
500
accident
-
-
-
5
health
-
-
-
38
income
-
-
-
20
surtax
-
-
-
26
pensions
-
-
-
80
communal
-
-
-
-
total
-
-
-
169
Employee
676
-
447
-
pensions
54
-
36
-
health
30
-
20
-
income
65
-
22
-
surtax
41
-
27
-
total
190
-
105
-
Employer
676
-
447
-
pensions
54
-
36
-
health
21
-
14
-
accident
6
-
4
-
total
81
-
54
-
Corporate
-
500
-
-
income
-
75
-
-
communal
-
34
-
-
surtax
-
5
-
-
total
-
114
-
-
Dividends
-
386
-
-
income
-
14
-
-
withholding
-
58
-
-
total
-
72
-
-
Income
500
500
500
500
Total tax
271
186
159
169
After tax
229
314
341
331
Living cost
485
485
485
485
Free-cash
-256
-171
-144
-154

Estimated living cost  is £485 per week

£364
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.
£87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£85
£71
£114
£82
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
-
-
-
500
health
-
-
-
36
income
-
-
-
75
surtax
-
-
-
4
pensions
-
-
-
100
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
217
Employee
301
-
413
-
unemployment
21
-
29
-
pensions
20
-
28
-
health
8
-
11
-
income
50
-
70
-
other
-
-
-
-
surtax
1
-
3
-
total
100
-
141
-
Employer
301
-
413
-
pensions
40
-
55
-
other
-
-
-
-
health
14
-
19
-
unemployment
10
-
13
-
total
64
-
87
-
Corporate
136
500
-
-
income
35
130
-
-
total
35
130
-
-
Dividends
101
370
-
-
withholding
15
55
-
-
total
15
55
-
-
Income
500
500
500
500
Total tax
214
185
228
217
After tax
286
315
272
283
Living cost
201
201
201
201
Free-cash
85
114
71
82

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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£2
£1
£22
£29
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
-
-
-
500
social contributions
-
-
-
129
municipal
-
-
-
3
regional
-
-
-
8
national
-
-
-
90
total
-
-
-
230
Employee
495
-
500
-
regional
7
-
7
-
municipal
3
-
3
-
national
78
-
79
-
social contributions
167
-
169
-
total
255
-
258
-
Employer
495
-
500
-
total
-
-
-
-
Corporate
5
500
-
-
municipal
-
25
-
-
nationa
1
120
-
-
total
1
145
-
-
Dividends
3
355
-
-
withholding
1
92
-
-
total
1
92
-
-
Income
500
500
500
500
Total tax
257
237
258
230
After tax
243
263
242
270
Living cost
241
241
241
241
Free-cash
2
22
1
29

Estimated living cost  is £241 per week

£150
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-£37
-£19
£71
-£29
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
-
-
-
500
social contributions
-
-
-
146
health
-
-
-
67
income
-
-
-
43
solidarity contribution
-
-
-
-
total
-
-
-
256
Employee
402
-
373
-
solidarity contribution
-
-
-
-
health
54
-
50
-
social contributions
26
-
24
-
income
48
-
45
-
total
128
-
119
-
Employer
402
-
373
-
health
36
-
34
-
social contributions
100
-
93
-
total
136
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
264
156
246
256
After tax
236
344
254
244
Living cost
273
273
273
273
Free-cash
-37
71
-19
-29

Estimated living cost  is £273 per week

£203
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-£13
-£92
£2
-£5
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
-
-
-
500
health
-
-
-
38
surtax
-
-
-
-
income
-
-
-
33
chamber of commerce
-
-
-
2
pensions
-
-
-
92
unemployment
-
-
-
55
total
-
-
-
220
Employee
390
356
388
-
unemployment
12
11
12
-
pensions
40
36
40
-
health
15
14
15
-
income
35
26
34
-
other
4
4
4
-
total
106
91
105
-
Employer
390
356
388
-
chamber of commerce
2
1
2
-
pensions
49
45
49
-
other
19
17
18
-
health
15
13
15
-
unemployment
12
11
12
-
accident
5
5
5
-
surtax
-
-
-
-
payroll
12
11
12
-
total
114
103
113
-
Corporate
34
42
354
-
income

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

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

8
10
89
-
total
8
10
89
-
Dividends
-
31
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
500
500
500
500
Total tax
228
213
307
220
After tax
272
287
193
280
Living cost
285
285
285
285
Free-cash
-13
2
-92
-5

Estimated living cost  is £285 per week

£171
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.
£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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£340
£286
£361
£381
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%.

-
-
-
500
microenterprise

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

-
-
-
5
total
-
-
-
5
Employee
142
-
500
-
income
28
-
100
-
total
28
-
100
-
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%.

358
500
-
-
total
-
-
-
-
Dividends
358
500
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
500
500
500
500
Total tax
46
25
100
5
After tax
454
475
400
495
Living cost
114
114
114
114
Free-cash
340
361
286
381

Estimated living cost  is £114 per week

£77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£30
£21
£104
£36
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.

-
-
-
500
health
-
-
-
49
income
-
-
-
83
pensions
-
-
-
91
unemployment
-
-
-
1
total
-
-
-
224
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.

395
-
433
-
unemployment
1
-
1
-
pensions
61
-
67
-
health
26
-
28
-
income
68
-
76
-
total
156
-
172
-
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.

395
-
433
-
pensions
35
-
38
-
health
26
-
29
-
unemployment
-
-
-
-
total
61
-
67
-
Corporate
44
500
-
-
income
8
95
-
-
total
8
95
-
-
Dividends
35
405
-
-
withholding
5
61
-
-
total
5
61
-
-
Income
500
500
500
500
Total tax
230
156
239
224
After tax
270
344
261
276
Living cost
240
240
240
240
Free-cash
30
104
21
36

Estimated living cost  is £240 per week

£164
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

Source of data for Ljubljana model

Close
Oslo , Norway
-£845
-£8
-£85
-£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
-
-
-
500
social contributions
-
-
-
57
income
-
-
-
97
total
-
-
-
154
Employee
558
-
-
-
social contributions
46
-
7
-
income
123
-
-
-
total
169
-
7
-
Employer
558
-
-
-
social contributions
787
-
112
-
total
787
-
112
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
956
196
119
154
After tax
-456
304
381
346
Living cost
389
389
389
389
Free-cash
-845
-85
-8
-43

Estimated living cost  is £389 per week

£253
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.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-£8
-£3
£4
£9
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.

-
-
-
500
social contributions

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

-
-
-
174
income
-
-
-
37
surtax
-
-
-
-
total
-
-
-
211
Employee
411
-
404
-
social contributions
45
-
44
-
income
85
-
83
-
surtax
-
-
-
-
total
130
-
127
-
Employer
411
-
404
-
social contributions
98
-
96
-
total
98
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
228
216
223
211
After tax
272
284
277
289
Living cost
280
280
280
280
Free-cash
-8
4
-3
9

Estimated living cost  is £280 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

Source of data for Lisbon model

Close
Paris , France
-£234
-£126
-£179
-£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
-
-
-
500
social contributions
-
-
-
14
health
-
-
-
4
income
-
-
-
22
surtax
-
-
-
-
pensions
-
-
-
144
other
-
-
-
16
total
-
-
-
200
Employee
559
-
381
-
pensions
63
-
43
-
social contributions
16
-
11
-
income
49
-
22
-
surtax
-
-
-
-
total
128
-
76
-
Employer
559
-
381
-
pensions
92
-
63
-
other
19
-
13
-
health
39
-
27
-
unemployment
23
-
15
-
social contributions
2
-
1
-
total
175
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
withholding
-
46
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
303
248
195
200
After tax
197
252
305
300
Living cost
431
431
431
431
Free-cash
-234
-179
-126
-131

Estimated living cost  is £431 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£151
£137
£182
£122
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
-
-
-
500
social contributions
-
-
-
110
income
-
-
-
-
total
-
-
-
110
Employee
287
-
433
-
social contributions
19
-
28
-
income
-
-
-
-
total
19
-
28
-
Employer
287
-
433
-
social contributions
45
-
67
-
total
45
-
67
-
Corporate
168
500
-
-
income
17
50
-
-
total
17
50
-
-
Dividends
152
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
81
50
95
110
After tax
419
450
405
390
Living cost
268
268
268
268
Free-cash
151
182
137
122

Estimated living cost  is £268 per week

£174
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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1445
-£1445
-£1445
-£104
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
-
-
-
500
municipal
-
-
-
80
pensions
-
-
-
8
labour market
-
-
-
39
national
-
-
-
47
total
-
-
-
174
Employee
1 814
1 814
1 814
-
pensions
3
3
3
-
municipal
386
386
386
-
national
222
222
222
-
labour market
145
145
145
-
total
756
756
756
-
Employer
1 814
1 814
1 814
-
municipal
387
387
387
-
pensions
5
5
5
-
national
222
222
222
-
labour market
145
145
145
-
total
759
759
759
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
1 515
1 515
1 515
174
After tax
-1 015
-1 015
-1 015
326
Living cost
430
430
430
430
Free-cash
-1 445
-1 445
-1 445
-104

Estimated living cost  is £430 per week

£294
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.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£11
£66
-£157
£149
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
-
-
-
500
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
91
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
154
Employee
309
-
415
-
pensions
35
-
47
-
health
35
-
48
-
income
42
-
57
-
total
112
-
152
-
Employer
309
-
415
-
pensions
50
-
68
-
unemployment
8
-
10
-
accident
5
-
7
-
total
63
-
85
-
Corporate
128
500
-
-
income

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

115
450
-
-
total
115
450
-
-
Dividends
13
50
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
500
500
500
500
Total tax
292
460
237
154
After tax
208
40
263
346
Living cost
197
197
197
197
Free-cash
11
-157
66
149

Estimated living cost  is £197 per week

£143
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-£60
-£33
£3
£47
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

-
-
-
500
health
-
-
-
4
municipal
-
-
-
89
national
-
-
-
17
total
-
-
-
110
Employee
470
-
421
-
unemployment
7
-
6
-
pensions
32
-
28
-
municipal
77
-
69
-
national
8
-
5
-
health
4
-
3
-
total
128
-
111
-
Employer
470
-
421
-
pensions
82
-
73
-
health
4
-
3
-
unemployment
3
-
3
-
accident
-
-
-
-
total
89
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
national
-
-
-
-
municipal
-
54
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
217
154
190
110
After tax
283
346
310
390
Living cost
343
343
343
343
Free-cash
-60
3
-33
47

Estimated living cost  is £343 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£113
£130
£90
£186
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
-
-
-
500
social contributions
-
-
-
78
health
-
-
-
13
income
-
-
-
16
total
-
-
-
107
Employee
687
687
687
-
health
5
12
8
-
social contributions
26
57
38
-
income
75
64
71
-
total
106
133
117
-
Employer
687
687
687
-
health
6
13
8
-
social contributions
26
57
38
-
total
32
70
46
-
Corporate
155
-
-
-
income
19
-
-
-
total
19
-
-
-
Dividends
136
-
-
-
withholding
23
-
-
-
total
23
-
-
-
Income
500
500
500
500
Total tax
180
203
163
107
After tax
320
297
337
393
Living cost
207
207
207
207
Free-cash
113
90
130
186

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£227
£168
£272
£227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
500
health
-
-
-
32
income
-
-
-
42
pensions
-
-
-
57
unemployment
-
-
-
-
total
-
-
-
131
Employee

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

205
-
453
-
unemployment
1
-
2
-
pensions
31
-
68
-
health
17
-
39
-
income
14
-
35
-
total
63
-
144
-
Employer

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

205
-
453
-
pensions
11
-
25
-
health
9
-
19
-
unemployment
1
-
2
-
total
21
-
46
-
Corporate
274
500
-
-
income
25
45
-
-
total
25
45
-
-
Dividends
249
455
-
-
withholding
22
41
-
-
total
22
41
-
-
Income
500
500
500
500
Total tax
131
86
190
131
After tax
369
414
310
369
Living cost
142
142
142
142
Free-cash
227
272
168
227

Estimated living cost  is £142 per week

£90
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.
£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

Source of data for Podgorica model

Close
Valencia , Spain
£43
£34
£92
£28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
5
income
-
-
-
74
pensions
-
-
-
142
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
226
Employee
330
-
379
-
unemployment
5
-
6
-
pensions
16
-
18
-
income
64
-
75
-
other
-
-
-
-
total
85
-
99
-
Employer
330
-
379
-
pensions
78
-
89
-
other
3
-
3
-
unemployment
18
-
21
-
accident
7
-
8
-
total
106
-
121
-
Corporate
65
500
-
-
income

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

10
75
-
-
total
10
75
-
-
Dividends
55
425
-
-
withholding
10
87
-
-
total
10
87
-
-
Income
500
500
500
500
Total tax
211
162
220
226
After tax
289
338
280
274
Living cost
246
246
246
246
Free-cash
43
92
34
28

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

Source of data for Valencia model

Close
Istanbul , Turkey
£292
£296
£295
£298
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
-
-
-
500
health
-
-
-
9
income
-
-
-
163
pensions
-
-
-
13
total
-
-
-
185
Employee
26
-
486
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
1
-
3
-
income
5
-
163
-
total
8
-
173
-
Employer
26
-
486
-
pensions
3
-
7
-
health
3
-
6
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
468
500
-
-
income
103
110
-
-
total
103
110
-
-
Dividends
365
390
-
-
withholding
73
78
-
-
total
73
78
-
-
Income
500
500
500
500
Total tax
191
188
187
185
After tax
309
312
313
315
Living cost
17
17
17
17
Free-cash
292
295
296
298

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£162
£116
£207
£93
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.

-
-
-
500
health
-
-
-
52
income
-
-
-
63
pensions
-
-
-
130
unemployment
-
-
-
8
total
-
-
-
253
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
-
424
-
unemployment
2
-
3
-
pensions
33
-
59
-
health
12
-
22
-
income
32
-
70
-
total
79
-
154
-
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
-
424
-
pensions
28
-
51
-
health
12
-
22
-
unemployment
2
-
3
-
total
42
-
76
-
Corporate
226
500
-
-
income
34
75
-
-
total
34
75
-
-
Dividends
192
425
-
-
withholding
29
64
-
-
total
29
64
-
-
Income
500
500
500
500
Total tax
184
139
230
253
After tax
316
361
270
247
Living cost
154
154
154
154
Free-cash
162
207
116
93

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

Source of data for Belgrade model

Close
Porto , Portugal
£40
£36
£43
£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

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.

-
-
-
500
social contributions

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

-
-
-
174
income
-
-
-
37
surtax
-
-
-
-
total
-
-
-
211
Employee
347
-
404
-
social contributions
38
-
44
-
income
68
-
83
-
surtax
-
-
-
-
total
106
-
127
-
Employer
347
-
404
-
social contributions
82
-
96
-
total
82
-
96
-
Corporate
71
500
-
-
income
15
105
-
-
surtax
-
-
-
-
total
15
105
-
-
Dividends
56
395
-
-
withholding
16
111
-
-
total
16
111
-
-
Income
500
500
500
500
Total tax
219
216
223
211
After tax
281
284
277
289
Living cost
241
241
241
241
Free-cash
40
43
36
48

Estimated living cost  is £241 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-£69
-£34
£24
-£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
-
-
-
500
accident
-
-
-
5
income
-
-
-
74
pensions
-
-
-
142
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
226
Employee
431
-
379
-
unemployment
7
-
6
-
pensions
20
-
18
-
income
90
-
75
-
other
-
-
-
-
total
117
-
99
-
Employer
431
-
379
-
pensions
102
-
89
-
other
3
-
3
-
unemployment
24
-
21
-
accident
9
-
8
-
total
138
-
121
-
Corporate
-
500
-
-
income

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

-
75
-
-
total
-
75
-
-
Dividends
-
425
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
255
162
220
226
After tax
245
338
280
274
Living cost
314
314
314
314
Free-cash
-69
24
-34
-40

Estimated living cost  is £314 per week

£225
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.
£60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£220
£197
£273
£188
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
-
-
-
500
health
-
-
-
36
income
-
-
-
75
pensions

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

-
-
-
46
unemployment
-
-
-
1
total
-
-
-
158
Employee
203
-
439
-
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.

18
-
27
-
health
9
-
14
-
income
20
-
44
-
total
49
-
88
-
Employer
203
-
439
-
pensions

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

22
-
34
-
health
14
-
22
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
61
-
Corporate
257
500
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
231
450
-
-
withholding
12
23
-
-
total
12
23
-
-
Income
500
500
500
500
Total tax
126
73
149
158
After tax
374
427
351
342
Living cost
154
154
154
154
Free-cash
220
273
197
188

Estimated living cost  is £154 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£32
£39
-£86
£27
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.

-
-
-
500
health

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

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

-
-
-
61
trade
-
-
-
12
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.

-
-
-
52
surtax

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

-
-
-
3
total
-
-
-
128
Employee

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

444
-
500
-
health

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

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

61
-
61
-
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
-
52
-
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
-
3
-
total
100
-
116
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56
500
-
-
income
8
75
-
-
chamber of commerce
1
2
-
-
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
-
-
trade
8
72
-
-
total
17
153
-
-
Dividends
37
347
-
-
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.

-
5
-
-
withholding
6
83
-
-
total
6
88
-
-
Income
500
500
500
500
Total tax
123
241
116
128
After tax
377
259
384
372
Living cost
345
345
345
345
Free-cash
32
-86
39
27

Estimated living cost  is £345 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-£199
-£117
-£158
-£117
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
-
-
-
500
social contributions
-
-
-
36
income
-
-
-
72
total
-
-
-
108
Employee
699
-
500
-
social contributions
58
-
36
-
income
132
-
72
-
total
190
-
108
-
Employer
699
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
62
-
-
total
-
62
-
-
Dividends
-
438
-
-
withholding
-
87
-
-
total
-
87
-
-
Income
500
500
500
500
Total tax
190
149
108
108
After tax
310
351
392
392
Living cost
509
509
509
509
Free-cash
-199
-158
-117
-117

Estimated living cost  is £509 per week

£387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£6
£37
-£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
500
income
-
-
-
254
health

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

-
-
-
55
total
-
-
-
309
Employee
410
-
459
-
social contributions
41
-
41
-
income
44
-
57
-
total
85
-
98
-
Employer
410
-
459
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
49
500
-
-
income
17
175
-
-
total
17
175
-
-
Dividends
32
325
-
-
social contributions
27
47
-
-
total
27
47
-
-
Income
500
500
500
500
Total tax
170
222
139
309
After tax
330
278
361
191
Living cost
324
324
324
324
Free-cash
6
-46
37
-133

Estimated living cost  is £324 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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£2
£2
£51
£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
-
-
-
500
income
-
-
-
94
pensions
-
-
-
30
total
-
-
-
124
Employee
445
-
446
-
pensions
34
-
34
-
health
6
-
6
-
income
81
-
81
-
total
121
-
121
-
Employer
445
-
446
-
pensions
45
-
45
-
health
8
-
8
-
total
53
-
53
-
Corporate
1
500
-
-
income

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

-
95
-
-
total
-
95
-
-
Dividends
1
405
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
500
500
500
500
Total tax
174
125
174
124
After tax
326
375
326
376
Living cost
324
324
324
324
Free-cash
2
51
2
52

Estimated living cost  is £324 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
£7
£47
-£176
£130
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
-
-
-
500
accident
-
-
-
2
health
-
-
-
20
income
-
-
-
91
pensions
-
-
-
38
other
-
-
-
3
total
-
-
-
154
Employee
340
-
415
-
pensions
38
-
47
-
health
39
-
48
-
income
47
-
57
-
total
124
-
152
-
Employer
340
-
415
-
pensions
55
-
68
-
unemployment
8
-
10
-
accident
6
-
7
-
total
69
-
85
-
Corporate
91
500
-
-
income

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

82
450
-
-
total
82
450
-
-
Dividends
9
50
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
500
500
500
500
Total tax
277
460
237
154
After tax
223
40
263
346
Living cost
216
216
216
216
Free-cash
7
-176
47
130

Estimated living cost  is £216 per week

£158
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.
£41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£262
£176
£304
£176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
500
income
-
-
-
66
health insurance
-
-
-
37
pensions
-
-
-
92
unemployment
-
-
-
6
work injury
-
-
-
2
total
-
-
-
203
Employee

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

193
-
500
-
unemployment
2
-
6
-
pensions
35
-
92
-
work injury
1
-
2
-
income
19
-
66
-
health insurance
14
-
37
-
total
71
-
203
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
307
500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
307
500
-
-
withholding
46
75
-
-
total
46
75
-
-
Income
500
500
500
500
Total tax
117
75
203
203
After tax
383
425
297
297
Living cost
121
121
121
121
Free-cash
262
304
176
176

Estimated living cost  is £121 per week

£75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-£252
-£113
-£93
-£86
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
-
-
-
500
social contributions
-
-
-
129
municipal
-
-
-
3
regional
-
-
-
8
national
-
-
-
90
total
-
-
-
230
Employee
752
-
500
-
regional
11
-
6
-
municipal
4
-
3
-
national
127
-
79
-
social contributions
254
-
169
-
total
396
-
257
-
Employer
752
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
24
-
-
nationa
-
120
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
396
237
257
230
After tax
104
263
243
270
Living cost
356
356
356
356
Free-cash
-252
-93
-113
-86

Estimated living cost  is £356 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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.
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