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
-£13
£117
£103
£85
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
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.

-
-
-
54
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
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.

-
-
-
60
trade
-
-
-
14
total
-
-
-
131
Employee

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

336
-
500
-
surtax

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

1
-
3
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
54
-
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.

60
-
60
-
total
70
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
164
500
-
-
income
25
75
-
-
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
-
-
chamber of commerce
2
2
-
-
trade
26
79
-
-
total
54
160
-
-
Dividends
111
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
5
-
-
withholding
24
82
-
-
total
25
87
-
-
Income
500
500
500
500
Total tax
149
247
117
131
After tax
351
253
383
369
Living cost
266
266
266
266
Free-cash
85
-13
117
103

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£155
-£149
-£152
-£289
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
national
-
-
-
73
pensions
-
-
-
60
total
-
-
-
185
Employee
723
-
432
-
municipal
89
-
49
-
pensions
29
-
17
-
national
138
-
76
-
total
256
-
142
-
Employer
723
-
432
-
pensions
58
-
35
-
social contributions
8
-
5
-
total
66
-
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
322
188
182
185
After tax
178
312
318
315
Living cost
467
467
467
467
Free-cash
-289
-155
-149
-152

Estimated living cost  is £467 per week

£317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£217
£104
£214
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
-
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.

-
-
-
28
microenterprise
-
-
-
75
total
-
-
-
103
Employee
257
-
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.

28
-
44
-
income
46
-
72
-
total
74
-
116
-
Employer
257
-
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.

62
-
97
-
surtax
-
-
-
-
total
62
-
97
-
Corporate
181
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%.

36
100
-
-
total
36
100
-
-
Dividends

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

145
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
172
100
213
103
After tax
328
400
287
397
Living cost
183
183
183
183
Free-cash
145
217
104
214

Estimated living cost  is £183 per week

£117
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.
£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
-£323
-£372
-£82
-£372
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
-
-
-
47
health
-
-
-
77
pensions
-
-
-
90
total
-
-
-
214
Employee
750
750
750
-
pensions
135
103
135
-
income

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

123
123
123
-
health
115
98
115
-
total
373
324
373
-
Employer
750
750
750
-
health
52
52
52
-
pensions
52
52
52
-
unemployment
27
27
27
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
504
455
504
214
After tax
-4
45
-4
286
Living cost
368
368
368
368
Free-cash
-372
-323
-372
-82

Estimated living cost  is £368 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-£87
-£92
-£110
-£175
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
other
-
-
-
58
unemployment
-
-
-
-
health
-
-
-
31
municipal
-
-
-
106
national
-
-
-
-
pensions
-
-
-
54
total
-
-
-
250
Employee
513
-
380
-
municipal
153
-
113
-
national
-
-
-
-
total
153
-
113
-
Employer
513
-
380
-
health
32
-
23
-
pensions
55
-
41
-
accident
1
-
1
-
unemployment
14
-
10
-
other
60
-
44
-
total
162
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
315
227
232
250
After tax
185
273
268
250
Living cost
360
360
360
360
Free-cash
-175
-87
-92
-110

Estimated living cost  is £360 per week

£239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-£93
£38
£23
£31
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
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.

-
-
-
54
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
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.

-
-
-
60
trade
-
-
-
15
total
-
-
-
132
Employee

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

446
-
500
-
surtax

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

2
-
3
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

38
-
54
-
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.

60
-
60
-
total
100
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54
500
-
-
income
8
75
-
-
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
-
-
chamber of commerce
1
2
-
-
trade
9
82
-
-
total
18
163
-
-
Dividends
35
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
6
81
-
-
total
6
85
-
-
Income
500
500
500
500
Total tax
124
248
117
132
After tax
376
252
383
368
Living cost
345
345
345
345
Free-cash
31
-93
38
23

Estimated living cost  is £345 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£16
£54
£107
£46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
17
social contributions
-
-
-
78
health
-
-
-
13
total
-
-
-
108
Employee
676
676
676
-
social contributions
33
56
38
-
income
71
63
69
-
health
7
11
8
-
total
111
130
115
-
Employer
676
676
676
-
health
7
13
8
-
social contributions
33
56
38
-
total
40
69
46
-
Corporate
64
-
-
-
income
8
-
-
-
total
8
-
-
-
Dividends
56
-
-
-
withholding
10
-
-
-
total
10
-
-
-
Income
500
500
500
500
Total tax
169
199
161
108
After tax
331
301
339
392
Living cost
285
285
285
285
Free-cash
46
16
54
107

Estimated living cost  is £285 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£124
£129
£185
£128
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
-
-
-
61
unemployment
-
-
-
8
health
-
-
-
35
pensions
-
-
-
50
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.

233
93
418
-
unemployment
3
1
6
-
pensions
23
9
42
-
income
28
11
51
-
health
16
6
29
-
total
70
27
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.

233
93
418
-
pensions
45
18
82
-
total
45
18
82
-
Corporate
222
389
-
-
income
20
35
-
-
total
20
35
-
-
Dividends
202
354
-
-
social contributions
38
68
-
-
withholding
38
67
-
-
total
76
135
-
-
Income
500
500
500
500
Total tax
211
215
210
154
After tax
289
285
290
346
Living cost
161
161
161
161
Free-cash
128
124
129
185

Estimated living cost  is £161 per week

£110
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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£188
£83
£65
£134
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
-
-
-
58
health
-
-
-
65
pensions
-
-
-
100
total
-
-
-
223
Employee
249
-
374
-
unemployment
4
-
6
-
pensions
5
-
7
-
income
28
-
65
-
total
37
-
78
-
Employer
249
-
374
-
health
32
-
49
-
pensions
50
-
75
-
unemployment
2
-
3
-
total
84
-
127
-
Corporate
167
500
-
-
income
33
100
-
-
total
33
100
-
-
Dividends
133
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
154
100
205
223
After tax
346
400
295
277
Living cost
212
212
212
212
Free-cash
134
188
83
65

Estimated living cost  is £212 per week

£146
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.
£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 Tallinn model

Close
Gdansk , Poland
-£155
£67
£151
£10
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
income
-
-
-
92
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
153
Employee
308
-
415
-
pensions
35
-
47
-
income
42
-
57
-
health
35
-
48
-
total
112
-
152
-
Employer
308
-
415
-
pensions
50
-
68
-
accident
5
-
7
-
unemployment
8
-
10
-
total
63
-
85
-
Corporate
129
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.

117
450
-
-
total
117
450
-
-
Dividends
13
50
-
-
withholding
2
9
-
-
total
2
9
-
-
Income
500
500
500
500
Total tax
294
459
237
153
After tax
206
41
263
347
Living cost
196
196
196
196
Free-cash
10
-155
67
151

Estimated living cost  is £196 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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£404
£329
£424
£390
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
89
-
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%.

411
500
-
-
total
-
-
-
-
Dividends
411
500
-
-
withholding
21
25
-
-
total
21
25
-
-
Income
500
500
500
500
Total tax
39
25
100
5
After tax
461
475
400
495
Living cost
71
71
71
71
Free-cash
390
404
329
424

Estimated living cost  is £71 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£133
£58
£37
£75
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
-
-
-
63
other
-
-
-
24
health
-
-
-
22
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
total
-
-
-
229
Employee
319
-
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.

22
-
28
-
income
55
-
69
-
health
4
-
6
-
total
84
-
107
-
Employer
319
-
399
-
health
4
-
6
-
pensions

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

54
-
68
-
accident
3
-
3
-
unemployment
3
-
4
-
other
16
-
20
-
total
80
-
101
-
Corporate
101
500
-
-
income
21
105
-
-
total
21
105
-
-
Dividends
80
395
-
-
withholding
6
28
-
-
total
6
28
-
-
Income
500
500
500
500
Total tax
191
133
208
229
After tax
309
367
292
271
Living cost
234
234
234
234
Free-cash
75
133
58
37

Estimated living cost  is £234 per week

£165
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.
£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 Bratislava model

Close
London , United Kingdom
-£209
-£258
-£208
-£441
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
-
income
149
-
81
-
health
14
-
6
-
total
243
-
121
-
Employer
826
-
446
-
health
16
-
8
-
pensions
98
-
45
-
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
£313
£237
£229
£271
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
-
-
-
75
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
156
Employee
153
-
440
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
44
-
health
7
-
14
-
total
37
-
88
-
Employer
153
-
440
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
317
500
-
-
income
32
50
-
-
total
32
50
-
-
Dividends
286
450
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
500
500
500
500
Total tax
114
72
148
156
After tax
386
428
352
344
Living cost
115
115
115
115
Free-cash
271
313
237
229

Estimated living cost  is £115 per week

£67
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
-£442
-£491
-£201
-£458
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
-
-
-
47
health
-
-
-
77
pensions
-
-
-
90
total
-
-
-
214
Employee
814
750
750
-
pensions
103
103
135
-
income

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

123
123
123
-
health
102
98
115
-
total
328
324
373
-
Employer
814
750
750
-
health
57
52
52
-
pensions
57
52
52
-
unemployment
29
27
27
-
total
143
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
471
455
504
214
After tax
29
45
-4
286
Living cost
487
487
487
487
Free-cash
-458
-442
-491
-201

Estimated living cost  is £487 per week

£359
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.
£79
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
£126
£36
£26
£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
income
-
-
-
43
social contributions
-
-
-
146
solidarity contribution
-
-
-
-
health
-
-
-
67
total
-
-
-
256
Employee
321
-
373
-
solidarity contribution
-
-
-
-
social contributions
21
-
24
-
income
39
-
45
-
health
43
-
50
-
total
103
-
119
-
Employer
321
-
373
-
health
29
-
34
-
social contributions
80
-
93
-
total
109
-
127
-
Corporate
70
500
-
-
income
13
95
-
-
total
13
95
-
-
Dividends
57
405
-
-
withholding
8
61
-
-
total
8
61
-
-
Income
500
500
500
500
Total tax
233
156
246
256
After tax
267
344
254
244
Living cost
218
218
218
218
Free-cash
49
126
36
26

Estimated living cost  is £218 per week

£152
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.
£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 Brno model

Close
Milan , Italy
-£105
-£126
-£98
-£280
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
regional
-
-
-
5
municipal
-
-
-
3
national
-
-
-
90
total
-
-
-
227
Employee
781
-
500
-
municipal
4
-
3
-
national
135
-
79
-
regional
7
-
4
-
social contributions
263
-
169
-
total
409
-
255
-
Employer
781
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
20
-
-
nationa
-
120
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
409
234
255
227
After tax
91
266
245
273
Living cost
371
371
371
371
Free-cash
-280
-105
-126
-98

Estimated living cost  is £371 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Milan model

Close
Thessaloniki , Greece
£121
£77
£89
£94
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
-
-
-
75
other
-
-
-
-
surtax
-
-
-
4
unemployment
-
-
-
2
health
-
-
-
36
pensions
-
-
-
100
total
-
-
-
217
Employee
291
-
413
-
other
-
-
-
-
unemployment
20
-
29
-
pensions
19
-
28
-
surtax
1
-
4
-
income
49
-
70
-
health
7
-
11
-
total
96
-
142
-
Employer
291
-
413
-
health
13
-
19
-
pensions
39
-
55
-
unemployment
9
-
13
-
other
-
-
-
-
total
61
-
87
-
Corporate
148
500
-
-
income
39
130
-
-
total
39
130
-
-
Dividends
110
370
-
-
withholding
16
55
-
-
total
16
55
-
-
Income
500
500
500
500
Total tax
212
185
229
217
After tax
288
315
271
283
Living cost
194
194
194
194
Free-cash
94
121
77
89

Estimated living cost  is £194 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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-£24
-£73
-£23
-£125
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
-
income
100
-
81
-
health
8
-
6
-
total
155
-
121
-
Employer
554
-
446
-
health
11
-
8
-
pensions
60
-
45
-
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
-£469
-£299
-£272
-£393
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
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
-
-
-
11
health
-
-
-
2
city
-
-
-
5
national
-
-
-
1
pensions
-
-
-
46
total
-
-
-
75
Employee
815
-
448
-
unemployment
-
-
-
-
pensions
68
-
38
-
national
4
-
1
-
regional
27
-
9
-
city
9
-
5
-
health
2
-
1
-
total
110
-
54
-
Employer
815
-
448
-
health
2
-
1
-
pensions
68
-
38
-
unemployment
-
-
-
-
other

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

16
-
9
-
total
86
-
48
-
Corporate
-
500
-
-
regional
-
106
-
-
national
-
43
-
-
total
-
149
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
196
272
102
75
After tax
304
228
398
425
Living cost
697
697
697
697
Free-cash
-393
-469
-299
-272

Estimated living cost  is £697 per week

£453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
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.
£173
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
-£153
-£19
-£35
-£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
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.

-
-
-
54
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
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.

-
-
-
60
trade
-
-
-
16
total
-
-
-
133
Employee

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

528
-
500
-
surtax

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

3
-
3
-
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.

62
-
54
-
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.

60
-
60
-
total
125
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
75
-
-
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
-
-
chamber of commerce
-
2
-
-
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
125
251
117
133
After tax
375
249
383
367
Living cost
402
402
402
402
Free-cash
-27
-153
-19
-35

Estimated living cost  is £402 per week

£294
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.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-£49
£3
-£1
£2
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
-
-
-
22
other
-
-
-
16
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
200
Employee
376
-
381
-
pensions
43
-
43
-
surtax
-
-
-
-
social contributions
11
-
11
-
income
22
-
23
-
total
76
-
77
-
Employer
376
-
381
-
health
26
-
27
-
pensions
62
-
63
-
unemployment
15
-
15
-
social contributions
1
-
1
-
other
13
-
13
-
total
117
-
119
-
Corporate
7
500
-
-
income
2
140
-
-
surtax
-
-
-
-
total
2
140
-
-
Dividends
5
360
-
-
surtax
-
-
-
-
social contributions
1
62
-
-
withholding
1
46
-
-
total
2
108
-
-
Income
500
500
500
500
Total tax
197
248
196
200
After tax
303
252
304
300
Living cost
301
301
301
301
Free-cash
2
-49
3
-1

Estimated living cost  is £301 per week

£190
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.
£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 Nice model

Close
Marseille , France
-£19
£33
£29
£30
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
-
-
-
22
other
-
-
-
16
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
200
Employee
336
-
381
-
pensions
38
-
43
-
surtax
-
-
-
-
social contributions
10
-
11
-
income
17
-
23
-
total
65
-
77
-
Employer
336
-
381
-
health
23
-
27
-
pensions
55
-
63
-
unemployment
14
-
15
-
social contributions
1
-
1
-
other
12
-
13
-
total
105
-
119
-
Corporate
60
500
-
-
income
17
140
-
-
surtax
-
-
-
-
total
17
140
-
-
Dividends
43
360
-
-
surtax
-
-
-
-
social contributions
7
62
-
-
withholding
5
46
-
-
total
12
108
-
-
Income
500
500
500
500
Total tax
199
248
196
200
After tax
301
252
304
300
Living cost
271
271
271
271
Free-cash
30
-19
33
29

Estimated living cost  is £271 per week

£157
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£119
£114
£135
£123
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
-
-
-
75
social contributions
-
-
-
69
health
-
-
-
35
total
-
-
-
179
Employee
298
-
500
-
social contributions
41
-
69
-
income
50
-
96
-
health
21
-
35
-
total
112
-
200
-
Employer
298
-
500
-
total
-
-
-
-
Corporate
202
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
192
475
-
-
social contributions
27
66
-
-
withholding
29
71
-
-
health
13
33
-
-
total
69
170
-
-
Income
500
500
500
500
Total tax
191
195
200
179
After tax
309
305
300
321
Living cost
186
186
186
186
Free-cash
123
119
114
135

Estimated living cost  is £186 per week

£125
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-£27
-£119
-£34
-£76
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
-
-
-
35
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
2
health
-
-
-
38
pensions
-
-
-
93
total
-
-
-
224
Employee
439
350
387
-
other
4
4
4
-
unemployment
13
11
12
-
pensions
45
36
40
-
income
50
26
35
-
health
17
14
15
-
total
129
91
106
-
Employer
439
350
387
-
chamber of commerce
2
1
2
-
health
17
13
15
-
pensions
55
44
49
-
accident
6
5
5
-
unemployment
13
11
12
-
surtax
2
2
2
-
payroll
13
11
12
-
other
21
17
18
-
total
129
104
115
-
Corporate
33
47
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
12
88
-
total
8
12
88
-
Dividends
-
36
-
-
withholding
-
10
-
-
total
-
10
-
-
Income
500
500
500
500
Total tax
266
217
309
224
After tax
234
283
191
276
Living cost
310
310
310
310
Free-cash
-76
-27
-119
-34

Estimated living cost  is £310 per week

£206
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.
£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

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
-£38
-£105
-£51
-£311
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
communal

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

-
-
-
27
social contributions
-
-
-
58
national
-
-
-
146
total
-
-
-
231
Employee

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

628
-
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.

5
-
3
-
communal

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

33
-
20
-
pensions

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

47
-
29
-
national
193
-
102
-
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
-
total
308
-
172
-
Employer

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

628
-
387
-
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
-
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.

56
-
34
-
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
-
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
-
surtax
71
-
44
-
total
183
-
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
491
218
285
231
After tax
9
282
215
269
Living cost
320
320
320
320
Free-cash
-311
-38
-105
-51

Estimated living cost  is £320 per week

£206
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£21
-£38
-£43
-£76
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
other
-
-
-
1
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
226
Employee
437
-
379
-
other
-
-
-
-
unemployment
7
-
6
-
pensions
21
-
18
-
income
92
-
76
-
total
120
-
100
-
Employer
437
-
379
-
pensions
103
-
89
-
accident
9
-
8
-
unemployment
24
-
21
-
other
3
-
3
-
total
139
-
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
259
162
221
226
After tax
241
338
279
274
Living cost
317
317
317
317
Free-cash
-76
21
-38
-43

Estimated living cost  is £317 per week

£234
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
-£163
-£137
-£146
-£244
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
communal
-
-
-
-
accident
-
-
-
5
income
-
-
-
20
surtax
-
-
-
26
health
-
-
-
38
pensions
-
-
-
80
total
-
-
-
169
Employee
665
-
447
-
pensions
53
-
36
-
surtax
41
-
27
-
income
64
-
23
-
health
30
-
20
-
total
188
-
106
-
Employer
665
-
447
-
health
20
-
14
-
pensions
53
-
36
-
accident
6
-
4
-
total
79
-
54
-
Corporate
-
500
-
-
communal
-
34
-
-
income
-
75
-
-
surtax
-
5
-
-
total
-
114
-
-
Dividends
-
386
-
-
income
-
14
-
-
withholding
-
58
-
-
total
-
72
-
-
Income
500
500
500
500
Total tax
267
186
160
169
After tax
233
314
340
331
Living cost
477
477
477
477
Free-cash
-244
-163
-137
-146

Estimated living cost  is £477 per week

£358
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.
£85
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
£118
£74
£86
£89
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
-
-
-
75
other
-
-
-
-
surtax
-
-
-
4
unemployment
-
-
-
2
health
-
-
-
36
pensions
-
-
-
100
total
-
-
-
217
Employee
296
-
413
-
other
-
-
-
-
unemployment
21
-
29
-
pensions
20
-
28
-
surtax
1
-
4
-
income
50
-
70
-
health
8
-
11
-
total
100
-
142
-
Employer
296
-
413
-
health
13
-
19
-
pensions
39
-
55
-
unemployment
9
-
13
-
other
-
-
-
-
total
61
-
87
-
Corporate
142
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
229
217
After tax
286
315
271
283
Living cost
197
197
197
197
Free-cash
89
118
74
86

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£26
£5
£33
£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
-
-
-
129
regional
-
-
-
8
municipal
-
-
-
3
national
-
-
-
90
total
-
-
-
230
Employee
487
-
500
-
municipal
3
-
3
-
national
77
-
79
-
regional
7
-
7
-
social contributions
164
-
169
-
total
251
-
258
-
Employer
487
-
500
-
total
-
-
-
-
Corporate
13
500
-
-
municipal
1
25
-
-
nationa
3
120
-
-
total
4
145
-
-
Dividends
9
355
-
-
withholding
2
92
-
-
total
2
92
-
-
Income
500
500
500
500
Total tax
257
237
258
230
After tax
243
263
242
270
Living cost
237
237
237
237
Free-cash
6
26
5
33

Estimated living cost  is £237 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£75
-£15
-£25
-£30
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
-
-
-
43
social contributions
-
-
-
146
solidarity contribution
-
-
-
-
health
-
-
-
67
total
-
-
-
256
Employee
396
-
373
-
solidarity contribution
-
-
-
-
social contributions
26
-
24
-
income
47
-
45
-
health
53
-
50
-
total
126
-
119
-
Employer
396
-
373
-
health
36
-
34
-
social contributions
99
-
93
-
total
135
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
261
156
246
256
After tax
239
344
254
244
Living cost
269
269
269
269
Free-cash
-30
75
-15
-25

Estimated living cost  is £269 per week

£200
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.
£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 Prague model

Close
Graz , Austria
£5
-£88
-£2
-£4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
35
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
2
health
-
-
-
38
pensions
-
-
-
93
total
-
-
-
222
Employee
384
350
388
-
other
4
4
4
-
unemployment
12
11
12
-
pensions
39
36
40
-
income
34
26
35
-
health
15
14
15
-
total
104
91
106
-
Employer
384
350
388
-
chamber of commerce
2
1
2
-
health
15
13
15
-
pensions
48
44
49
-
accident
5
5
5
-
unemployment
12
11
12
-
surtax
-
-
-
-
payroll
12
11
12
-
other
18
17
18
-
total
112
102
113
-
Corporate
33
49
355
-
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
12
89
-
total
8
12
89
-
Dividends
-
37
-
-
withholding
-
10
-
-
total
-
10
-
-
Income
500
500
500
500
Total tax
224
215
308
222
After tax
276
285
192
278
Living cost
280
280
280
280
Free-cash
-4
5
-88
-2

Estimated living cost  is £280 per week

£168
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.
£79
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
£364
£289
£384
£343
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
138
-
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%.

362
500
-
-
total
-
-
-
-
Dividends
362
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
111
111
111
111
Free-cash
343
364
289
384

Estimated living cost  is £111 per week

£75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£108
£25
£40
£35
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
income
-
-
-
83
unemployment
-
-
-
1
health
-
-
-
49
pensions
-
-
-
91
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.

388
-
433
-
unemployment
1
-
1
-
pensions
60
-
67
-
income
67
-
76
-
health
25
-
28
-
total
153
-
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.

388
-
433
-
health
26
-
29
-
pensions
34
-
38
-
unemployment
-
-
-
-
total
60
-
67
-
Corporate
51
500
-
-
income
10
95
-
-
total
10
95
-
-
Dividends
41
405
-
-
withholding
6
61
-
-
total
6
61
-
-
Income
500
500
500
500
Total tax
229
156
239
224
After tax
271
344
261
276
Living cost
236
236
236
236
Free-cash
35
108
25
40

Estimated living cost  is £236 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-£80
-£1
-£38
-£828
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
-
-
-
97
social contributions
-
-
-
57
total
-
-
-
154
Employee
551
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
551
-
-
-
social contributions
777
-
111
-
total
777
-
111
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
944
196
117
154
After tax
-444
304
383
346
Living cost
384
384
384
384
Free-cash
-828
-80
-1
-38

Estimated living cost  is £384 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
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
£0
£13
£0
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
income
-
-
-
37
surtax
-
-
-
-
social contributions

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

-
-
-
174
total
-
-
-
211
Employee
404
-
404
-
surtax
-
-
-
-
social contributions
44
-
44
-
income
84
-
84
-
total
128
-
128
-
Employer
404
-
404
-
social contributions
96
-
96
-
total
96
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
224
216
224
211
After tax
276
284
276
289
Living cost
276
276
276
276
Free-cash
-
8
-
13

Estimated living cost  is £276 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£172
-£120
-£124
-£222
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
-
-
-
22
other
-
-
-
16
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
200
Employee
550
-
381
-
pensions
62
-
43
-
surtax
-
-
-
-
social contributions
16
-
11
-
income
48
-
23
-
total
126
-
77
-
Employer
550
-
381
-
health
39
-
27
-
pensions
90
-
63
-
unemployment
22
-
15
-
social contributions
2
-
1
-
other
19
-
13
-
total
172
-
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
298
248
196
200
After tax
202
252
304
300
Living cost
424
424
424
424
Free-cash
-222
-172
-120
-124

Estimated living cost  is £424 per week

£287
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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£186
£141
£126
£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
-
social contributions
-
-
-
110
total
-
-
-
110
Employee
282
-
433
-
income
-
-
-
-
social contributions
18
-
28
-
total
18
-
28
-
Employer
282
-
433
-
social contributions
44
-
67
-
total
44
-
67
-
Corporate
174
500
-
-
income
17
50
-
-
total
17
50
-
-
Dividends
156
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
79
50
95
110
After tax
421
450
405
390
Living cost
264
264
264
264
Free-cash
157
186
141
126

Estimated living cost  is £264 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1414
-£1414
-£98
-£1414
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
labour market
-
-
-
39
municipal
-
-
-
81
national
-
-
-
47
pensions
-
-
-
8
total
-
-
-
175
Employee
1 785
1 785
1 785
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 785
1 785
1 785
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
1 491
1 491
1 491
175
After tax
-991
-991
-991
325
Living cost
423
423
423
423
Free-cash
-1 414
-1 414
-1 414
-98

Estimated living cost  is £423 per week

£289
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.
£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.
£90
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
-£152
£70
£154
£11
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
income
-
-
-
92
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
153
Employee
303
-
415
-
pensions
34
-
47
-
income
42
-
57
-
health
35
-
48
-
total
111
-
152
-
Employer
303
-
415
-
pensions
49
-
68
-
accident
5
-
7
-
unemployment
7
-
10
-
total
61
-
85
-
Corporate
135
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.

121
450
-
-
total
121
450
-
-
Dividends
13
50
-
-
withholding
3
9
-
-
total
3
9
-
-
Income
500
500
500
500
Total tax
296
459
237
153
After tax
204
41
263
347
Living cost
193
193
193
193
Free-cash
11
-152
70
154

Estimated living cost  is £193 per week

£140
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 Krakow model

Close
Helsinki , Finland
£9
-£27
£52
-£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

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
-
-
-
18
total
-
-
-
111
Employee
462
-
421
-
municipal
76
-
69
-
unemployment
7
-
6
-
pensions
31
-
28
-
national
8
-
5
-
health
3
-
3
-
total
125
-
111
-
Employer
462
-
421
-
health
4
-
3
-
pensions
80
-
73
-
accident
-
-
-
-
unemployment
3
-
3
-
total
87
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
municipal
-
54
-
-
national
-
-
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
212
154
190
111
After tax
288
346
310
389
Living cost
337
337
337
337
Free-cash
-49
9
-27
52

Estimated living cost  is £337 per week

£220
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.
£79
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
£98
£136
£189
£116
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
-
-
-
17
social contributions
-
-
-
78
health
-
-
-
13
total
-
-
-
108
Employee
676
676
676
-
social contributions
26
56
38
-
income
74
63
69
-
health
5
11
8
-
total
105
130
115
-
Employer
676
676
676
-
health
6
13
8
-
social contributions
26
56
38
-
total
32
69
46
-
Corporate
161
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
141
-
-
-
withholding
24
-
-
-
total
24
-
-
-
Income
500
500
500
500
Total tax
181
199
161
108
After tax
319
301
339
392
Living cost
203
203
203
203
Free-cash
116
98
136
189

Estimated living cost  is £203 per week

£122
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.
£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 Larnaca model

Close
Podgorica , Montenegro
£275
£171
£231
£230
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
income
-
-
-
42
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
130
Employee

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

202
-
453
-
unemployment
1
-
2
-
pensions
30
-
68
-
income
14
-
35
-
health
17
-
39
-
total
62
-
144
-
Employer

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

202
-
453
-
health
9
-
19
-
pensions
11
-
25
-
unemployment
1
-
2
-
total
21
-
46
-
Corporate
278
500
-
-
income
25
45
-
-
total
25
45
-
-
Dividends
253
455
-
-
withholding
23
41
-
-
total
23
41
-
-
Income
500
500
500
500
Total tax
131
86
190
130
After tax
369
414
310
370
Living cost
139
139
139
139
Free-cash
230
275
171
231

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£96
£37
£32
£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
-
-
-
500
accident
-
-
-
5
income
-
-
-
74
other
-
-
-
1
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
226
Employee
325
-
379
-
other
-
-
-
-
unemployment
5
-
6
-
pensions
15
-
18
-
income
63
-
76
-
total
83
-
100
-
Employer
325
-
379
-
pensions
77
-
89
-
accident
6
-
8
-
unemployment
18
-
21
-
other
3
-
3
-
total
104
-
121
-
Corporate
72
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.

11
75
-
-
total
11
75
-
-
Dividends
61
425
-
-
withholding
12
87
-
-
total
12
87
-
-
Income
500
500
500
500
Total tax
210
162
221
226
After tax
290
338
279
274
Living cost
242
242
242
242
Free-cash
48
96
37
32

Estimated living cost  is £242 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Valencia model

Close
Istanbul , Turkey
£295
£296
£298
£293
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
-
-
-
164
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
185
Employee
26
-
486
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
163
-
health
1
-
3
-
total
8
-
173
-
Employer
26
-
486
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
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
190
188
187
185
After tax
310
312
313
315
Living cost
17
17
17
17
Free-cash
293
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
£209
£117
£96
£166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
63
unemployment
-
-
-
8
health
-
-
-
51
pensions
-
-
-
130
total
-
-
-
252
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.

229
-
424
-
unemployment
2
-
3
-
pensions
32
-
59
-
income
32
-
71
-
health
12
-
22
-
total
78
-
155
-
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.

229
-
424
-
health
12
-
22
-
pensions
27
-
51
-
unemployment
2
-
3
-
total
41
-
76
-
Corporate
230
500
-
-
income
34
75
-
-
total
34
75
-
-
Dividends
195
425
-
-
withholding
29
64
-
-
total
29
64
-
-
Income
500
500
500
500
Total tax
182
139
231
252
After tax
318
361
269
248
Living cost
152
152
152
152
Free-cash
166
209
117
96

Estimated living cost  is £152 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£47
£39
£52
£44
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
income
-
-
-
37
surtax
-
-
-
-
social contributions

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

-
-
-
174
total
-
-
-
211
Employee
341
-
404
-
surtax
-
-
-
-
social contributions
38
-
44
-
income
67
-
84
-
total
105
-
128
-
Employer
341
-
404
-
social contributions
81
-
96
-
total
81
-
96
-
Corporate
78
500
-
-
income
16
105
-
-
surtax
-
-
-
-
total
16
105
-
-
Dividends
62
395
-
-
withholding
17
111
-
-
total
17
111
-
-
Income
500
500
500
500
Total tax
219
216
224
211
After tax
281
284
276
289
Living cost
237
237
237
237
Free-cash
44
47
39
52

Estimated living cost  is £237 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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£29
-£30
-£35
-£59
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
other
-
-
-
1
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
226
Employee
424
-
379
-
other
-
-
-
-
unemployment
7
-
6
-
pensions
20
-
18
-
income
89
-
76
-
total
116
-
100
-
Employer
424
-
379
-
pensions
100
-
89
-
accident
8
-
8
-
unemployment
23
-
21
-
other
3
-
3
-
total
134
-
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
250
162
221
226
After tax
250
338
279
274
Living cost
309
309
309
309
Free-cash
-59
29
-30
-35

Estimated living cost  is £309 per week

£222
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.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£277
£201
£193
£223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
75
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
156
Employee
200
-
440
-
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
-
income
20
-
44
-
health
9
-
14
-
total
49
-
88
-
Employer
200
-
440
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
260
500
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
234
450
-
-
withholding
12
22
-
-
total
12
22
-
-
Income
500
500
500
500
Total tax
126
72
148
156
After tax
374
428
352
344
Living cost
151
151
151
151
Free-cash
223
277
201
193

Estimated living cost  is £151 per week

£100
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.
£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

Source of data for Sofia model

Close
Berlin , Germany
-£80
£44
£31
£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

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

-
-
-
500
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.

-
-
-
54
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
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.

-
-
-
60
trade
-
-
-
13
total
-
-
-
130
Employee

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

437
-
500
-
surtax

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

2
-
3
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
54
-
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.

60
-
60
-
total
98
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63
500
-
-
income
9
75
-
-
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
-
-
chamber of commerce
1
2
-
-
trade
9
72
-
-
total
20
153
-
-
Dividends
42
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
7
83
-
-
total
7
88
-
-
Income
500
500
500
500
Total tax
125
241
117
130
After tax
375
259
383
370
Living cost
339
339
339
339
Free-cash
36
-80
44
31

Estimated living cost  is £339 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Berlin model

Close
Dublin , Ireland
-£150
-£109
-£109
-£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
72
social contributions
-
-
-
37
total
-
-
-
109
Employee
687
-
500
-
income
130
-
72
-
social contributions
57
-
37
-
total
187
-
109
-
Employer
687
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
62
-
-
total
-
62
-
-
Dividends
-
438
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
187
150
109
109
After tax
313
350
391
391
Living cost
500
500
500
500
Free-cash
-187
-150
-109
-109

Estimated living cost  is £500 per week

£381
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.
£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

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
-£40
£43
-£122
£11
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
-
-
-
250
health

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

-
-
-
53
total
-
-
-
303
Employee
403
-
460
-
income
44
-
58
-
social contributions
40
-
40
-
total
84
-
98
-
Employer
403
-
460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
57
500
-
-
income
20
175
-
-
total
20
175
-
-
Dividends
37
325
-
-
social contributions
26
46
-
-
total
26
46
-
-
Income
500
500
500
500
Total tax
170
221
138
303
After tax
330
279
362
197
Living cost
319
319
319
319
Free-cash
11
-40
43
-122

Estimated living cost  is £319 per week

£210
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.
£79
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
£51
£2
£52
£2
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
-
income
81
-
81
-
health
6
-
6
-
total
121
-
121
-
Employer
445
-
446
-
health
8
-
8
-
pensions
45
-
45
-
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
-£171
£51
£135
£7
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
income
-
-
-
92
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
153
Employee
333
-
415
-
pensions
38
-
47
-
income
46
-
57
-
health
38
-
48
-
total
122
-
152
-
Employer
333
-
415
-
pensions
54
-
68
-
accident
6
-
7
-
unemployment
8
-
10
-
total
68
-
85
-
Corporate
99
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.

89
450
-
-
total
89
450
-
-
Dividends
10
50
-
-
withholding
2
9
-
-
total
2
9
-
-
Income
500
500
500
500
Total tax
281
459
237
153
After tax
219
41
263
347
Living cost
212
212
212
212
Free-cash
7
-171
51
135

Estimated living cost  is £212 per week

£155
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.
£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

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
£306
£176
£176
£263
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
-
-
-
67
unemployment
-
-
-
6
work injury
-
-
-
3
health insurance
-
-
-
37
pensions
-
-
-
92
total
-
-
-
205
Employee

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

190
-
500
-
health insurance
14
-
37
-
unemployment
2
-
6
-
work injury
1
-
3
-
pensions
35
-
92
-
income
19
-
67
-
total
71
-
205
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
310
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
310
500
-
-
withholding
47
75
-
-
total
47
75
-
-
Income
500
500
500
500
Total tax
118
75
205
205
After tax
382
425
295
295
Living cost
119
119
119
119
Free-cash
263
306
176
176

Estimated living cost  is £119 per week

£74
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
-£87
-£108
-£80
-£240
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
regional
-
-
-
8
municipal
-
-
-
3
national
-
-
-
90
total
-
-
-
230
Employee
740
-
500
-
municipal
4
-
3
-
national
125
-
79
-
regional
11
-
7
-
social contributions
250
-
169
-
total
390
-
258
-
Employer
740
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
24
-
-
nationa
-
120
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
390
237
258
230
After tax
110
263
242
270
Living cost
350
350
350
350
Free-cash
-240
-87
-108
-80

Estimated living cost  is £350 per week

£246
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.
£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.
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Estimated living cost

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