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
-£11
£118
£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
-
-
-
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.

334
-
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
166
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
112
340
-
-
surtax

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

1
4
-
-
withholding
25
82
-
-
total
26
86
-
-
Income
500
500
500
500
Total tax
150
246
117
132
After tax
350
254
383
368
Living cost
265
265
265
265
Free-cash
85
-11
118
103

Estimated living cost  is £265 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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-£153
-£147
-£150
-£287
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
721
-
432
-
municipal
89
-
49
-
pensions
29
-
17
-
national
138
-
76
-
total
256
-
142
-
Employer
721
-
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
465
465
465
465
Free-cash
-287
-153
-147
-150

Estimated living cost  is £465 per week

£316
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
£218
£104
£215
£146
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
255
-
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
45
-
73
-
total
73
-
117
-
Employer
255
-
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
183
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%.

37
100
-
-
total
37
100
-
-
Dividends

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

146
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
172
100
214
103
After tax
328
400
286
397
Living cost
182
182
182
182
Free-cash
146
218
104
215

Estimated living cost  is £182 per week

£116
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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£318
-£368
-£80
-£368
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
747
747
747
-
pensions
134
102
134
-
income

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

122
122
122
-
health
115
97
115
-
total
371
321
371
-
Employer
747
747
747
-
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
502
452
502
214
After tax
-2
48
-2
286
Living cost
366
366
366
366
Free-cash
-368
-318
-368
-80

Estimated living cost  is £366 per week

£260
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
-£76
-£81
-£99
-£154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
1
other
-
-
-
58
unemployment
-
-
-
-
health
-
-
-
31
municipal
-
-
-
106
national
-
-
-
-
pensions
-
-
-
54
total
-
-
-
250
Employee
498
-
380
-
municipal
148
-
113
-
national
-
-
-
-
total
148
-
113
-
Employer
498
-
380
-
health
31
-
23
-
pensions
54
-
41
-
accident
1
-
1
-
unemployment
13
-
10
-
other
58
-
44
-
total
157
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
305
227
232
250
After tax
195
273
268
250
Living cost
349
349
349
349
Free-cash
-154
-76
-81
-99

Estimated living cost  is £349 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£78
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
-£91
£40
£25
£33
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.

443
-
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
57
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
37
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
343
343
343
343
Free-cash
33
-91
40
25

Estimated living cost  is £343 per week

£230
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£19
£55
£108
£47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
17
social contributions
-
-
-
78
health
-
-
-
13
total
-
-
-
108
Employee
672
672
672
-
social contributions
33
56
38
-
income
71
62
69
-
health
7
11
8
-
total
111
129
115
-
Employer
672
672
672
-
health
7
12
8
-
social contributions
33
56
38
-
total
40
68
46
-
Corporate
67
-
-
-
income
8
-
-
-
total
8
-
-
-
Dividends
58
-
-
-
withholding
10
-
-
-
total
10
-
-
-
Income
500
500
500
500
Total tax
169
197
161
108
After tax
331
303
339
392
Living cost
284
284
284
284
Free-cash
47
19
55
108

Estimated living cost  is £284 per week

£194
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
£126
£133
£190
£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
-
-
-
7
health
-
-
-
35
pensions
-
-
-
50
total
-
-
-
153
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.

227
90
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.

227
90
418
-
pensions
44
18
82
-
total
44
18
82
-
Corporate
229
392
-
-
income
21
35
-
-
total
21
35
-
-
Dividends
209
357
-
-
social contributions
40
69
-
-
withholding
40
68
-
-
total
80
137
-
-
Income
500
500
500
500
Total tax
215
217
210
153
After tax
285
283
290
347
Living cost
157
157
157
157
Free-cash
128
126
133
190

Estimated living cost  is £157 per week

£107
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£189
£83
£66
£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
248
-
374
-
unemployment
4
-
6
-
pensions
5
-
7
-
income
28
-
66
-
total
37
-
79
-
Employer
248
-
374
-
health
32
-
49
-
pensions
50
-
75
-
unemployment
2
-
3
-
total
84
-
127
-
Corporate
168
500
-
-
income
34
100
-
-
total
34
100
-
-
Dividends
135
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
155
100
206
223
After tax
345
400
294
277
Living cost
211
211
211
211
Free-cash
134
189
83
66

Estimated living cost  is £211 per week

£145
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
-£154
£68
£151
£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
-
-
-
93
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
154
Employee
307
-
415
-
pensions
35
-
47
-
income
42
-
57
-
health
35
-
48
-
total
112
-
152
-
Employer
307
-
415
-
pensions
50
-
68
-
accident
5
-
7
-
unemployment
8
-
10
-
total
63
-
85
-
Corporate
130
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
154
After tax
206
41
263
346
Living cost
195
195
195
195
Free-cash
11
-154
68
151

Estimated living cost  is £195 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
£405
£330
£425
£391
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
88
-
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%.

412
500
-
-
total
-
-
-
-
Dividends
412
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
70
70
70
70
Free-cash
391
405
330
425

Estimated living cost  is £70 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
£134
£59
£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
-
-
-
64
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
-
-
-
230
Employee
317
-
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
317
-
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
103
500
-
-
income
22
105
-
-
total
22
105
-
-
Dividends
81
395
-
-
withholding
6
28
-
-
total
6
28
-
-
Income
500
500
500
500
Total tax
192
133
208
230
After tax
308
367
292
270
Living cost
233
233
233
233
Free-cash
75
134
59
37

Estimated living cost  is £233 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
£312
£237
£229
£272
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
152
-
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
152
-
440
-
health
10
-
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
30
-
60
-
Corporate
319
500
-
-
income
32
50
-
-
total
32
50
-
-
Dividends
287
450
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
500
500
500
500
Total tax
113
73
148
156
After tax
387
427
352
344
Living cost
115
115
115
115
Free-cash
272
312
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.
£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 Varna model

Close
Amsterdam , Netherlands
-£437
-£487
-£199
-£451
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
811
747
747
-
pensions
102
102
134
-
income

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

122
122
122
-
health
101
97
115
-
total
325
321
371
-
Employer
811
747
747
-
health
56
52
52
-
pensions
56
52
52
-
unemployment
29
27
27
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
466
452
502
214
After tax
34
48
-2
286
Living cost
485
485
485
485
Free-cash
-451
-437
-487
-199

Estimated living cost  is £485 per week

£358
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.
£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.
£78
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
£130
£40
£29
£54
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
-
-
-
68
total
-
-
-
257
Employee
315
-
373
-
solidarity contribution
-
-
-
-
social contributions
20
-
24
-
income
38
-
45
-
health
43
-
50
-
total
101
-
119
-
Employer
315
-
373
-
health
28
-
34
-
social contributions
79
-
93
-
total
107
-
127
-
Corporate
77
500
-
-
income
15
95
-
-
total
15
95
-
-
Dividends
63
405
-
-
withholding
9
61
-
-
total
9
61
-
-
Income
500
500
500
500
Total tax
232
156
246
257
After tax
268
344
254
243
Living cost
214
214
214
214
Free-cash
54
130
40
29

Estimated living cost  is £214 per week

£149
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.
£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 Brno model

Close
Milan , Italy
-£102
-£125
-£96
-£277
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
777
-
500
-
municipal
4
-
3
-
national
135
-
80
-
regional
7
-
4
-
social contributions
262
-
169
-
total
408
-
256
-
Employer
777
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
19
-
-
nationa
-
120
-
-
total
-
139
-
-
Dividends
-
361
-
-
withholding
-
94
-
-
total
-
94
-
-
Income
500
500
500
500
Total tax
408
233
256
227
After tax
92
267
244
273
Living cost
369
369
369
369
Free-cash
-277
-102
-125
-96

Estimated living cost  is £369 per week

£257
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
£122
£77
£90
£95
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
289
-
413
-
other
-
-
-
-
unemployment
20
-
29
-
pensions
19
-
28
-
surtax
1
-
4
-
income
48
-
71
-
health
7
-
11
-
total
95
-
143
-
Employer
289
-
413
-
health
13
-
19
-
pensions
39
-
55
-
unemployment
9
-
13
-
other
-
-
-
-
total
61
-
87
-
Corporate
150
500
-
-
income
39
130
-
-
total
39
130
-
-
Dividends
111
370
-
-
withholding
17
55
-
-
total
17
55
-
-
Income
500
500
500
500
Total tax
212
185
230
217
After tax
288
315
270
283
Living cost
193
193
193
193
Free-cash
95
122
77
90

Estimated living cost  is £193 per week

£118
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
-£461
-£292
-£265
-£385
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
808
-
448
-
unemployment
-
-
-
-
pensions
68
-
38
-
national
4
-
1
-
regional
26
-
9
-
city
9
-
5
-
health
2
-
1
-
total
109
-
54
-
Employer
808
-
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
-
42
-
-
total
-
148
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
195
271
102
75
After tax
305
229
398
425
Living cost
690
690
690
690
Free-cash
-385
-461
-292
-265

Estimated living cost  is £690 per week

£449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£171
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
-£152
-£18
-£34
-£26
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.

525
-
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
401
401
401
401
Free-cash
-26
-152
-18
-34

Estimated living cost  is £401 per week

£293
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
-£47
£5
£2
£5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
22
other
-
-
-
15
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
199
Employee
374
-
381
-
pensions
42
-
43
-
surtax
-
-
-
-
social contributions
11
-
11
-
income
22
-
23
-
total
75
-
77
-
Employer
374
-
381
-
health
26
-
27
-
pensions
61
-
63
-
unemployment
15
-
15
-
social contributions
1
-
1
-
other
13
-
13
-
total
116
-
119
-
Corporate
9
500
-
-
income
3
140
-
-
surtax
-
-
-
-
total
3
140
-
-
Dividends
6
360
-
-
surtax
-
-
-
-
social contributions
1
62
-
-
withholding
1
46
-
-
total
2
108
-
-
Income
500
500
500
500
Total tax
196
248
196
199
After tax
304
252
304
301
Living cost
299
299
299
299
Free-cash
5
-47
5
2

Estimated living cost  is £299 per week

£189
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.
£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 Nice model

Close
Marseille , France
-£17
£35
£32
£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
-
-
-
15
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
199
Employee
334
-
381
-
pensions
38
-
43
-
surtax
-
-
-
-
social contributions
10
-
11
-
income
17
-
23
-
total
65
-
77
-
Employer
334
-
381
-
health
23
-
27
-
pensions
55
-
63
-
unemployment
14
-
15
-
social contributions
1
-
1
-
other
12
-
13
-
total
105
-
119
-
Corporate
62
500
-
-
income
17
140
-
-
surtax
-
-
-
-
total
17
140
-
-
Dividends
44
360
-
-
surtax
-
-
-
-
social contributions
8
62
-
-
withholding
6
46
-
-
total
14
108
-
-
Income
500
500
500
500
Total tax
201
248
196
199
After tax
299
252
304
301
Living cost
269
269
269
269
Free-cash
30
-17
35
32

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£120
£115
£136
£124
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
296
-
500
-
social contributions
41
-
69
-
income
49
-
96
-
health
21
-
35
-
total
111
-
200
-
Employer
296
-
500
-
total
-
-
-
-
Corporate
204
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
193
475
-
-
social contributions
27
66
-
-
withholding
29
71
-
-
health
14
33
-
-
total
70
170
-
-
Income
500
500
500
500
Total tax
191
195
200
179
After tax
309
305
300
321
Living cost
185
185
185
185
Free-cash
124
120
115
136

Estimated living cost  is £185 per week

£124
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
-£20
-£117
-£31
-£74
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
-
-
-
92
total
-
-
-
223
Employee
437
348
387
-
other
4
3
4
-
unemployment
13
10
12
-
pensions
45
36
40
-
income
50
26
35
-
health
17
13
15
-
total
129
88
106
-
Employer
437
348
387
-
chamber of commerce
2
1
2
-
health
17
13
15
-
pensions
55
44
49
-
accident
6
5
5
-
unemployment
13
10
12
-
surtax
2
2
2
-
payroll
13
10
12
-
other
21
17
18
-
total
129
102
115
-
Corporate
33
50
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
-
37
-
-
withholding
-
10
-
-
total
-
10
-
-
Income
500
500
500
500
Total tax
266
212
309
223
After tax
234
288
191
277
Living cost
308
308
308
308
Free-cash
-74
-20
-117
-31

Estimated living cost  is £308 per week

£205
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.
£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

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
-£37
-£104
-£51
-£306
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
-
-
-
147
total
-
-
-
232
Employee

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

625
-
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
192
-
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.

29
-
18
-
total
306
-
172
-
Employer

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

625
-
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.

38
-
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.

55
-
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
181
-
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
487
218
285
232
After tax
13
282
215
268
Living cost
319
319
319
319
Free-cash
-306
-37
-104
-51

Estimated living cost  is £319 per week

£205
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
£22
-£36
-£41
-£74
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
-
-
-
4
income
-
-
-
75
other
-
-
-
-
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
225
Employee
435
-
379
-
other
-
-
-
-
unemployment
7
-
6
-
pensions
20
-
18
-
income
92
-
76
-
total
119
-
100
-
Employer
435
-
379
-
pensions
103
-
89
-
accident
9
-
7
-
unemployment
24
-
21
-
other
3
-
3
-
total
139
-
120
-
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
258
162
220
225
After tax
242
338
280
275
Living cost
316
316
316
316
Free-cash
-74
22
-36
-41

Estimated living cost  is £316 per week

£233
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.
£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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£161
-£135
-£144
-£241
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
-
-
-
4
income
-
-
-
21
surtax
-
-
-
26
health
-
-
-
38
pensions
-
-
-
80
total
-
-
-
169
Employee
662
-
447
-
pensions
53
-
36
-
surtax
41
-
27
-
income
64
-
23
-
health
29
-
20
-
total
187
-
106
-
Employer
662
-
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
266
186
160
169
After tax
234
314
340
331
Living cost
475
475
475
475
Free-cash
-241
-161
-135
-144

Estimated living cost  is £475 per week

£356
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
£119
£74
£87
£93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
75
other
-
-
-
-
surtax
-
-
-
4
unemployment
-
-
-
2
health
-
-
-
36
pensions
-
-
-
100
total
-
-
-
217
Employee
294
-
413
-
other
-
-
-
-
unemployment
20
-
29
-
pensions
20
-
28
-
surtax
1
-
4
-
income
49
-
71
-
health
7
-
11
-
total
97
-
143
-
Employer
294
-
413
-
health
13
-
19
-
pensions
39
-
55
-
unemployment
9
-
13
-
other
-
-
-
-
total
61
-
87
-
Corporate
144
500
-
-
income
37
130
-
-
total
37
130
-
-
Dividends
106
370
-
-
withholding
16
55
-
-
total
16
55
-
-
Income
500
500
500
500
Total tax
211
185
230
217
After tax
289
315
270
283
Living cost
196
196
196
196
Free-cash
93
119
74
87

Estimated living cost  is £196 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
£27
£5
£34
£5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
social contributions
-
-
-
129
regional
-
-
-
8
municipal
-
-
-
3
national
-
-
-
90
total
-
-
-
230
Employee
485
-
500
-
municipal
3
-
3
-
national
77
-
80
-
regional
7
-
7
-
social contributions
164
-
169
-
total
251
-
259
-
Employer
485
-
500
-
total
-
-
-
-
Corporate
15
500
-
-
municipal
1
25
-
-
nationa
4
120
-
-
total
5
145
-
-
Dividends
11
355
-
-
withholding
3
92
-
-
total
3
92
-
-
Income
500
500
500
500
Total tax
259
237
259
230
After tax
241
263
241
270
Living cost
236
236
236
236
Free-cash
5
27
5
34

Estimated living cost  is £236 per week

£146
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
£80
-£10
-£21
-£20
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
-
-
-
68
total
-
-
-
257
Employee
389
-
373
-
solidarity contribution
-
-
-
-
social contributions
25
-
24
-
income
47
-
45
-
health
52
-
50
-
total
124
-
119
-
Employer
389
-
373
-
health
35
-
34
-
social contributions
97
-
93
-
total
132
-
127
-
Corporate
-
500
-
-
income
-
95
-
-
total
-
95
-
-
Dividends
-
405
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
500
500
500
500
Total tax
256
156
246
257
After tax
244
344
254
243
Living cost
264
264
264
264
Free-cash
-20
80
-10
-21

Estimated living cost  is £264 per week

£197
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
£9
-£88
£0
£1
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
-
-
-
92
total
-
-
-
221
Employee
382
348
388
-
other
4
3
4
-
unemployment
11
10
12
-
pensions
39
36
40
-
income
34
26
36
-
health
15
13
15
-
total
103
88
107
-
Employer
382
348
388
-
chamber of commerce
2
1
2
-
health
14
13
15
-
pensions
48
44
49
-
accident
5
5
5
-
unemployment
11
10
12
-
surtax
-
-
-
-
payroll
11
10
12
-
other
18
17
18
-
total
109
100
113
-
Corporate
33
51
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
13
89
-
total
8
13
89
-
Dividends
-
38
-
-
withholding
-
11
-
-
total
-
11
-
-
Income
500
500
500
500
Total tax
220
212
309
221
After tax
280
288
191
279
Living cost
279
279
279
279
Free-cash
1
9
-88
-

Estimated living cost  is £279 per week

£167
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.
£78
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
£365
£290
£385
£345
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
137
-
500
-
income
27
-
100
-
total
27
-
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%.

363
500
-
-
total
-
-
-
-
Dividends
363
500
-
-
withholding
18
25
-
-
total
18
25
-
-
Income
500
500
500
500
Total tax
45
25
100
5
After tax
455
475
400
495
Living cost
110
110
110
110
Free-cash
345
365
290
385

Estimated living cost  is £110 per week

£74
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
£110
£26
£40
£36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
500
income
-
-
-
84
unemployment
-
-
-
1
health
-
-
-
49
pensions
-
-
-
91
total
-
-
-
225
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.

387
-
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.

387
-
433
-
health
26
-
29
-
pensions
34
-
38
-
unemployment
-
-
-
-
total
60
-
67
-
Corporate
53
500
-
-
income
10
95
-
-
total
10
95
-
-
Dividends
43
405
-
-
withholding
6
61
-
-
total
6
61
-
-
Income
500
500
500
500
Total tax
229
156
239
225
After tax
271
344
261
275
Living cost
234
234
234
234
Free-cash
36
110
26
40

Estimated living cost  is £234 per week

£161
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
-£70
£12
-£28
-£793
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
537
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
537
-
-
-
social contributions
757
-
108
-
total
757
-
108
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
919
196
114
154
After tax
-419
304
386
346
Living cost
374
374
374
374
Free-cash
-793
-70
12
-28

Estimated living cost  is £374 per week

£243
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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£10
£2
£14
£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

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
-
-
-
38
surtax
-
-
-
-
social contributions

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

-
-
-
174
total
-
-
-
212
Employee
402
-
404
-
surtax
-
-
-
-
social contributions
44
-
44
-
income
84
-
84
-
total
128
-
128
-
Employer
402
-
404
-
social contributions
95
-
96
-
total
95
-
96
-
Corporate
2
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
2
395
-
-
withholding
1
111
-
-
total
1
111
-
-
Income
500
500
500
500
Total tax
224
216
224
212
After tax
276
284
276
288
Living cost
274
274
274
274
Free-cash
2
10
2
14

Estimated living cost  is £274 per week

£205
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.
£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 Lisbon model

Close
Paris , France
-£170
-£118
-£121
-£219
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
-
-
-
15
surtax
-
-
-
-
social contributions
-
-
-
14
health
-
-
-
4
pensions
-
-
-
144
total
-
-
-
199
Employee
548
-
381
-
pensions
62
-
43
-
surtax
-
-
-
-
social contributions
16
-
11
-
income
48
-
23
-
total
126
-
77
-
Employer
548
-
381
-
health
38
-
27
-
pensions
90
-
63
-
unemployment
22
-
15
-
social contributions
2
-
1
-
other
19
-
13
-
total
171
-
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
297
248
196
199
After tax
203
252
304
301
Living cost
422
422
422
422
Free-cash
-219
-170
-118
-121

Estimated living cost  is £422 per week

£286
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.
£96
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
£187
£142
£127
£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
281
-
433
-
income
-
-
-
-
social contributions
18
-
28
-
total
18
-
28
-
Employer
281
-
433
-
social contributions
44
-
67
-
total
44
-
67
-
Corporate
175
500
-
-
income
18
50
-
-
total
18
50
-
-
Dividends
158
450
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
80
50
95
110
After tax
420
450
405
390
Living cost
263
263
263
263
Free-cash
157
187
142
127

Estimated living cost  is £263 per week

£170
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
-£1404
-£1404
-£96
-£1404
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
1 777
1 777
1 777
-
municipal
378
378
378
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
national
217
217
217
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
379
379
379
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
1 483
1 483
1 483
175
After tax
-983
-983
-983
325
Living cost
421
421
421
421
Free-cash
-1 404
-1 404
-1 404
-96

Estimated living cost  is £421 per week

£288
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.
£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.
£89
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
-£151
£71
£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
-
-
-
93
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
154
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
136
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.

122
450
-
-
total
122
450
-
-
Dividends
14
50
-
-
withholding
3
9
-
-
total
3
9
-
-
Income
500
500
500
500
Total tax
297
459
237
154
After tax
203
41
263
346
Living cost
192
192
192
192
Free-cash
11
-151
71
154

Estimated living cost  is £192 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
£10
-£26
£52
-£47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
500
health
-
-
-
4
municipal
-
-
-
89
national
-
-
-
19
total
-
-
-
112
Employee
460
-
421
-
municipal
75
-
69
-
unemployment
7
-
6
-
pensions
31
-
28
-
national
8
-
5
-
health
3
-
3
-
total
124
-
111
-
Employer
460
-
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
211
154
190
112
After tax
289
346
310
388
Living cost
336
336
336
336
Free-cash
-47
10
-26
52

Estimated living cost  is £336 per week

£219
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
£101
£137
£190
£120
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
672
672
672
-
social contributions
25
56
38
-
income
73
62
69
-
health
5
11
8
-
total
103
129
115
-
Employer
672
672
672
-
health
6
12
8
-
social contributions
25
56
38
-
total
31
68
46
-
Corporate
163
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
142
-
-
-
withholding
24
-
-
-
total
24
-
-
-
Income
500
500
500
500
Total tax
178
197
161
108
After tax
322
303
339
392
Living cost
202
202
202
202
Free-cash
120
101
137
190

Estimated living cost  is £202 per week

£121
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.
£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.
£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.

201
-
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.

201
-
453
-
health
9
-
19
-
pensions
11
-
25
-
unemployment
1
-
2
-
total
21
-
46
-
Corporate
279
500
-
-
income
25
45
-
-
total
25
45
-
-
Dividends
254
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
£98
£40
£35
£52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
4
income
-
-
-
75
other
-
-
-
-
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
225
Employee
323
-
379
-
other
-
-
-
-
unemployment
5
-
6
-
pensions
15
-
18
-
income
62
-
76
-
total
82
-
100
-
Employer
323
-
379
-
pensions
76
-
89
-
accident
6
-
7
-
unemployment
18
-
21
-
other
3
-
3
-
total
103
-
120
-
Corporate
74
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
63
425
-
-
withholding
12
87
-
-
total
12
87
-
-
Income
500
500
500
500
Total tax
208
162
220
225
After tax
292
338
280
275
Living cost
240
240
240
240
Free-cash
52
98
40
35

Estimated living cost  is £240 per week

£162
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
£294
£296
£297
£291
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
-
-
-
163
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
185
Employee
27
-
486
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
162
-
health
1
-
3
-
total
8
-
172
-
Employer
27
-
486
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
467
500
-
-
income
103
110
-
-
total
103
110
-
-
Dividends
364
390
-
-
withholding
73
78
-
-
total
73
78
-
-
Income
500
500
500
500
Total tax
191
188
186
185
After tax
309
312
314
315
Living cost
18
18
18
18
Free-cash
291
294
296
297

Estimated living cost  is £18 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
£210
£118
£96
£167
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
-
-
-
64
unemployment
-
-
-
8
health
-
-
-
51
pensions
-
-
-
130
total
-
-
-
253
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

228
-
424
-
unemployment
2
-
3
-
pensions
32
-
59
-
income
31
-
71
-
health
12
-
22
-
total
77
-
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.

228
-
424
-
health
12
-
22
-
pensions
27
-
51
-
unemployment
2
-
3
-
total
41
-
76
-
Corporate
231
500
-
-
income
35
75
-
-
total
35
75
-
-
Dividends
197
425
-
-
withholding
29
64
-
-
total
29
64
-
-
Income
500
500
500
500
Total tax
182
139
231
253
After tax
318
361
269
247
Living cost
151
151
151
151
Free-cash
167
210
118
96

Estimated living cost  is £151 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
£48
£40
£52
£45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
38
surtax
-
-
-
-
social contributions

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

-
-
-
174
total
-
-
-
212
Employee
339
-
404
-
surtax
-
-
-
-
social contributions
37
-
44
-
income
66
-
84
-
total
103
-
128
-
Employer
339
-
404
-
social contributions
81
-
96
-
total
81
-
96
-
Corporate
80
500
-
-
income
17
105
-
-
surtax
-
-
-
-
total
17
105
-
-
Dividends
63
395
-
-
withholding
18
111
-
-
total
18
111
-
-
Income
500
500
500
500
Total tax
219
216
224
212
After tax
281
284
276
288
Living cost
236
236
236
236
Free-cash
45
48
40
52

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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
£31
-£27
-£32
-£56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
4
income
-
-
-
75
other
-
-
-
-
unemployment
-
-
-
4
pensions
-
-
-
142
total
-
-
-
225
Employee
422
-
379
-
other
-
-
-
-
unemployment
7
-
6
-
pensions
20
-
18
-
income
88
-
76
-
total
115
-
100
-
Employer
422
-
379
-
pensions
100
-
89
-
accident
8
-
7
-
unemployment
23
-
21
-
other
3
-
3
-
total
134
-
120
-
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
249
162
220
225
After tax
251
338
280
275
Living cost
307
307
307
307
Free-cash
-56
31
-27
-32

Estimated living cost  is £307 per week

£221
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.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£277
£202
£194
£225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
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
199
-
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.

17
-
27
-
income
20
-
44
-
health
9
-
14
-
total
48
-
88
-
Employer
199
-
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
262
500
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
236
450
-
-
withholding
12
23
-
-
total
12
23
-
-
Income
500
500
500
500
Total tax
125
73
148
156
After tax
375
427
352
344
Living cost
150
150
150
150
Free-cash
225
277
202
194

Estimated living cost  is £150 per week

£99
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
-£79
£45
£32
£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

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.

435
-
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
65
500
-
-
income
10
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
21
153
-
-
Dividends
44
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
8
83
-
-
total
8
88
-
-
Income
500
500
500
500
Total tax
127
241
117
130
After tax
373
259
383
370
Living cost
338
338
338
338
Free-cash
35
-79
45
32

Estimated living cost  is £338 per week

£233
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.
£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 Berlin model

Close
Dublin , Ireland
-£148
-£108
-£108
-£184
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
-
-
-
73
social contributions
-
-
-
37
total
-
-
-
110
Employee
684
-
500
-
income
129
-
73
-
social contributions
57
-
37
-
total
186
-
110
-
Employer
684
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
income
-
62
-
-
total
-
62
-
-
Dividends
-
438
-
-
withholding
-
88
-
-
total
-
88
-
-
Income
500
500
500
500
Total tax
186
150
110
110
After tax
314
350
390
390
Living cost
498
498
498
498
Free-cash
-184
-148
-108
-108

Estimated living cost  is £498 per week

£379
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
-£38
£45
-£119
£12
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
-
-
-
249
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
-
-
-
302
Employee
401
-
460
-
income
44
-
58
-
social contributions
40
-
40
-
total
84
-
98
-
Employer
401
-
460
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
59
500
-
-
income
21
175
-
-
total
21
175
-
-
Dividends
38
325
-
-
social contributions
26
46
-
-
total
26
46
-
-
Income
500
500
500
500
Total tax
171
221
138
302
After tax
329
279
362
198
Living cost
317
317
317
317
Free-cash
12
-38
45
-119

Estimated living cost  is £317 per week

£209
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.
£78
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
-£170
£52
£135
£8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
accident
-
-
-
2
income
-
-
-
93
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
154
Employee
333
-
415
-
pensions
37
-
47
-
income
46
-
57
-
health
38
-
48
-
total
121
-
152
-
Employer
333
-
415
-
pensions
54
-
68
-
accident
6
-
7
-
unemployment
8
-
10
-
total
68
-
85
-
Corporate
100
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.

90
450
-
-
total
90
450
-
-
Dividends
10
50
-
-
withholding
2
9
-
-
total
2
9
-
-
Income
500
500
500
500
Total tax
281
459
237
154
After tax
219
41
263
346
Living cost
211
211
211
211
Free-cash
8
-170
52
135

Estimated living cost  is £211 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
£307
£178
£178
£264
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
-
-
-
2
health insurance
-
-
-
37
pensions
-
-
-
92
total
-
-
-
204
Employee

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

189
-
500
-
health insurance
14
-
37
-
unemployment
2
-
6
-
work injury
1
-
2
-
pensions
35
-
92
-
income
19
-
67
-
total
71
-
204
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
311
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
311
500
-
-
withholding
47
75
-
-
total
47
75
-
-
Income
500
500
500
500
Total tax
118
75
204
204
After tax
382
425
296
296
Living cost
118
118
118
118
Free-cash
264
307
178
178

Estimated living cost  is £118 per week

£73
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

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Rome , Italy
-£85
-£107
-£78
-£235
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
737
-
500
-
municipal
4
-
3
-
national
124
-
80
-
regional
11
-
7
-
social contributions
248
-
169
-
total
387
-
259
-
Employer
737
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
municipal
-
24
-
-
nationa
-
120
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
387
237
259
230
After tax
113
263
241
270
Living cost
348
348
348
348
Free-cash
-235
-85
-107
-78

Estimated living cost  is £348 per week

£245
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.
£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.
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Source of data for Rome model

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Estimated living cost

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