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

Valencia , Spain
£35
£31
£94
£46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
74
accident
-
-
-
5
unemployment
-
-
-
4
pensions
-
-
-
141
other
-
-
-
1
total
-
-
-
225
Employee
329
-
379
-
other
-
-
-
-
income
63
-
76
-
unemployment
5
-
6
-
pensions
15
-
18
-
total
83
-
100
-
Employer
329
-
379
-
unemployment
18
-
21
-
pensions
78
-
89
-
other
3
-
3
-
accident
7
-
8
-
total
106
-
121
-
Corporate
67
500
-
-
income

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

10
75
-
-
total
10
75
-
-
Dividends
57
425
-
-
withholding
11
87
-
-
total
11
87
-
-
Income
500
500
500
500
Total tax
210
162
221
225
After tax
290
338
279
275
Living cost
244
244
244
244
Free-cash
46
94
35
31

Estimated living cost  is £244 per week

£165
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£55
£34
£130
£69
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
63
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
other
-
-
-
24
total
-
-
-
229
Employee
323
-
399
-
income
56
-
69
-
health
5
-
6
-
unemployment
3
-
4
-
pensions

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

23
-
28
-
total
87
-
107
-
Employer
323
-
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.

55
-
68
-
other
16
-
20
-
accident
3
-
3
-
health
5
-
6
-
total
82
-
101
-
Corporate
96
500
-
-
income
20
105
-
-
total
20
105
-
-
Dividends
76
395
-
-
withholding
5
28
-
-
total
5
28
-
-
Income
500
500
500
500
Total tax
194
133
208
229
After tax
306
367
292
271
Living cost
237
237
237
237
Free-cash
69
130
55
34

Estimated living cost  is £237 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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£236
£226
£311
£269
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
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
158
Employee
154
-
439
-
income
15
-
44
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
27
-
total
38
-
88
-
Employer
154
-
439
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
21
-
total
31
-
60
-
Corporate
316
500
-
-
income
32
50
-
-
total
32
50
-
-
Dividends
284
450
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
500
500
500
500
Total tax
115
73
148
158
After tax
385
427
352
342
Living cost
116
116
116
116
Free-cash
269
311
236
226

Estimated living cost  is £116 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£0
-£3
-£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
-
-
-
22
social contributions
-
-
-
14
health
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
144
other
-
-
-
15
total
-
-
-
199
Employee
380
-
381
-
income
22
-
23
-
social contributions
11
-
11
-
surtax
-
-
-
-
pensions
43
-
43
-
total
76
-
77
-
Employer
380
-
381
-
unemployment
15
-
15
-
social contributions
1
-
1
-
pensions
62
-
63
-
other
13
-
13
-
health
27
-
27
-
total
118
-
119
-
Corporate
1
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
1
360
-
-
withholding
-
46
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
194
248
196
199
After tax
306
252
304
301
Living cost
304
304
304
304
Free-cash
2
-52
-
-3

Estimated living cost  is £304 per week

£192
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.
£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
Rotterdam , Netherlands
-£382
-£86
-£332
-£382
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
759
759
759
-
income

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

124
124
124
-
health
116
99
116
-
pensions
137
104
137
-
total
377
327
377
-
Employer
759
759
759
-
unemployment
27
27
27
-
pensions
53
53
53
-
health
53
53
53
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
510
460
510
214
After tax
-10
40
-10
286
Living cost
372
372
372
372
Free-cash
-382
-332
-382
-86

Estimated living cost  is £372 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
£114
£100
-£15
£83
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.

-
-
-
53
health

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

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

-
-
-
61
trade
-
-
-
14
surtax

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

-
-
-
3
total
-
-
-
131
Employee

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

340
-
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.

9
-
53
-
health

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

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

61
-
61
-
surtax

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

1
-
3
-
total
71
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
160
500
-
-
chamber of commerce
2
2
-
-
income
24
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
-
-
trade
25
79
-
-
total
52
160
-
-
Dividends
108
340
-
-
withholding
24
82
-
-
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
-
-
total
25
86
-
-
Income
500
500
500
500
Total tax
148
246
117
131
After tax
352
254
383
369
Living cost
269
269
269
269
Free-cash
83
-15
114
100

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£132
£187
£92
£114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
16
social contributions
-
-
-
78
health
-
-
-
13
total
-
-
-
107
Employee
683
683
683
-
income
74
63
70
-
social contributions
26
57
38
-
health
5
12
8
-
total
105
132
116
-
Employer
683
683
683
-
social contributions
26
57
38
-
health
6
13
8
-
total
32
70
46
-
Corporate
157
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
138
-
-
-
withholding
23
-
-
-
total
23
-
-
-
Income
500
500
500
500
Total tax
180
202
162
107
After tax
320
298
338
393
Living cost
206
206
206
206
Free-cash
114
92
132
187

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
-£3
£10
£5
-£6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
500
income
-
-
-
37
social contributions

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

-
-
-
174
surtax
-
-
-
-
total
-
-
-
211
Employee
409
-
404
-
income
85
-
84
-
social contributions
45
-
44
-
surtax
-
-
-
-
total
130
-
128
-
Employer
409
-
404
-
social contributions
97
-
96
-
total
97
-
96
-
Corporate
-
500
-
-
income
-
105
-
-
surtax
-
-
-
-
total
-
105
-
-
Dividends
-
395
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
500
500
500
500
Total tax
227
216
224
211
After tax
273
284
276
289
Living cost
279
279
279
279
Free-cash
-6
5
-3
10

Estimated living cost  is £279 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£333
£428
£408
£395
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
83
-
500
-
income
17
-
100
-
total
17
-
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%.

417
500
-
-
total
-
-
-
-
Dividends
417
500
-
-
withholding
21
25
-
-
total
21
25
-
-
Income
500
500
500
500
Total tax
38
25
100
5
After tax
462
475
400
495
Living cost
67
67
67
67
Free-cash
395
408
333
428

Estimated living cost  is £67 per week

£41
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
£23
£38
£106
£31
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

393
-
433
-
income
68
-
76
-
health
25
-
28
-
unemployment
1
-
1
-
pensions
61
-
67
-
total
155
-
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.

393
-
433
-
unemployment
-
-
-
-
pensions
35
-
38
-
health
26
-
29
-
total
61
-
67
-
Corporate
46
500
-
-
income
9
95
-
-
total
9
95
-
-
Dividends
37
405
-
-
withholding
6
61
-
-
total
6
61
-
-
Income
500
500
500
500
Total tax
231
156
239
224
After tax
269
344
261
276
Living cost
238
238
238
238
Free-cash
31
106
23
38

Estimated living cost  is £238 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£38
-£134
-£45
£6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
500
income
-
-
-
253
health

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

-
-
-
58
total
-
-
-
311
Employee
408
-
459
-
social contributions
41
-
41
-
income
44
-
57
-
total
85
-
98
-
Employer
408
-
459
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
52
500
-
-
income
18
175
-
-
total
18
175
-
-
Dividends
34
325
-
-
social contributions
27
47
-
-
total
27
47
-
-
Income
500
500
500
500
Total tax
171
222
139
311
After tax
329
278
361
189
Living cost
323
323
323
323
Free-cash
6
-45
38
-134

Estimated living cost  is £323 per week

£212
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
£112
£133
£117
£122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
75
social contributions
-
-
-
69
health
-
-
-
35
total
-
-
-
179
Employee
301
-
500
-
income
50
-
96
-
social contributions
42
-
69
-
health
21
-
35
-
total
113
-
200
-
Employer
301
-
500
-
total
-
-
-
-
Corporate
199
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
189
475
-
-
withholding
28
71
-
-
health
13
33
-
-
social contributions
26
66
-
-
total
67
170
-
-
Income
500
500
500
500
Total tax
190
195
200
179
After tax
310
305
300
321
Living cost
188
188
188
188
Free-cash
122
117
112
133

Estimated living cost  is £188 per week

£126
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.
£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
Prague , Czech Republic
£10
-£1
£100
£14
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
359
-
373
-
solidarity contribution
-
-
-
-
income
43
-
45
-
social contributions
23
-
24
-
health
48
-
50
-
total
114
-
119
-
Employer
359
-
373
-
social contributions
90
-
93
-
health
32
-
34
-
total
122
-
127
-
Corporate
19
500
-
-
income
4
95
-
-
total
4
95
-
-
Dividends
16
405
-
-
withholding
2
61
-
-
total
2
61
-
-
Income
500
500
500
500
Total tax
242
156
246
257
After tax
258
344
254
243
Living cost
244
244
244
244
Free-cash
14
100
10
-1

Estimated living cost  is £244 per week

£181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£296
£391
£371
£351
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
130
-
500
-
income
26
-
100
-
total
26
-
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%.

370
500
-
-
total
-
-
-
-
Dividends
370
500
-
-
withholding
19
25
-
-
total
19
25
-
-
Income
500
500
500
500
Total tax
45
25
100
5
After tax
455
475
400
495
Living cost
104
104
104
104
Free-cash
351
371
296
391

Estimated living cost  is £104 per week

£70
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
-£125
-£128
-£177
-£231
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
social contributions
-
-
-
14
health
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
144
other
-
-
-
15
total
-
-
-
199
Employee
556
-
381
-
income
49
-
23
-
social contributions
16
-
11
-
surtax
-
-
-
-
pensions
63
-
43
-
total
128
-
77
-
Employer
556
-
381
-
unemployment
23
-
15
-
social contributions
2
-
1
-
pensions
91
-
63
-
other
19
-
13
-
health
39
-
27
-
total
174
-
119
-
Corporate
-
500
-
-
income
-
140
-
-
surtax
-
-
-
-
total
-
140
-
-
Dividends
-
360
-
-
withholding
-
46
-
-
surtax
-
-
-
-
social contributions
-
62
-
-
total
-
108
-
-
Income
500
500
500
500
Total tax
302
248
196
199
After tax
198
252
304
301
Living cost
429
429
429
429
Free-cash
-231
-177
-125
-128

Estimated living cost  is £429 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£116
£94
£208
£164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
500
income
-
-
-
63
health
-
-
-
52
unemployment
-
-
-
8
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.

231
-
424
-
income
32
-
71
-
health
12
-
22
-
unemployment
2
-
3
-
pensions
32
-
59
-
total
78
-
155
-
Employer

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

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

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

231
-
424
-
unemployment
2
-
3
-
pensions
28
-
51
-
health
12
-
22
-
total
42
-
76
-
Corporate
228
500
-
-
income
34
75
-
-
total
34
75
-
-
Dividends
194
425
-
-
withholding
29
64
-
-
total
29
64
-
-
Income
500
500
500
500
Total tax
183
139
231
253
After tax
317
361
269
247
Living cost
153
153
153
153
Free-cash
164
208
116
94

Estimated living cost  is £153 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
-£225
-£199
-£394
-£298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
regional
-
-
-
12
national
-
-
-
2
health
-
-
-
2
city
-
-
-
5
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
pensions
-
-
-
46
total
-
-
-
77
Employee
728
-
448
-
regional
24
-
10
-
city
8
-
5
-
health
2
-
1
-
unemployment
-
-
-
-
national
3
-
1
-
pensions
61
-
38
-
total
98
-
55
-
Employer
728
-
448
-
unemployment
-
-
-
-
pensions
61
-
38
-
other

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

15
-
9
-
health
2
-
1
-
total
78
-
48
-
Corporate
-
500
-
-
regional
-
106
-
-
national
-
43
-
-
total
-
149
-
-
Dividends
-
352
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
500
500
500
500
Total tax
176
272
103
77
After tax
324
228
397
423
Living cost
622
622
622
622
Free-cash
-298
-394
-225
-199

Estimated living cost  is £622 per week

£404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
-£31
£48
£5
-£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

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
municipal
-
-
-
89
national
-
-
-
18
health
-
-
-
4
total
-
-
-
111
Employee
467
-
421
-
health
3
-
3
-
unemployment
7
-
6
-
national
8
-
5
-
municipal
77
-
69
-
pensions
32
-
28
-
total
127
-
111
-
Employer
467
-
421
-
unemployment
3
-
3
-
pensions
81
-
73
-
accident
-
-
-
-
health
4
-
3
-
total
88
-
79
-
Corporate
-
500
-
-
income
-
100
-
-
total
-
100
-
-
Dividends

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

-
300
-
-
national
-
-
-
-
municipal
-
54
-
-
total
-
54
-
-
Income
500
500
500
500
Total tax
215
154
190
111
After tax
285
346
310
389
Living cost
341
341
341
341
Free-cash
-56
5
-31
48

Estimated living cost  is £341 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
-£108
-£54
-£42
-£320
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
national
-
-
-
146
social contributions
-
-
-
57
communal

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

-
-
-
27
total
-
-
-
230
Employee

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

636
-
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.

30
-
18
-
communal

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

33
-
20
-
unemployment

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

6
-
3
-
national
195
-
101
-
pensions

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

48
-
29
-
total
312
-
171
-
Employer

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

636
-
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.

9
-
6
-
pensions

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

56
-
34
-
surtax
72
-
44
-
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
-
health

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

39
-
24
-
total
184
-
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
496
218
284
230
After tax
4
282
216
270
Living cost
324
324
324
324
Free-cash
-320
-42
-108
-54

Estimated living cost  is £324 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
-£97
-£116
-£92
-£183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
municipal
-
-
-
106
national
-
-
-
-
health
-
-
-
31
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
54
other
-
-
-
58
total
-
-
-
251
Employee
521
-
380
-
national
-
-
-
-
municipal
155
-
113
-
total
155
-
113
-
Employer
521
-
380
-
unemployment
14
-
10
-
pensions
56
-
41
-
other
60
-
44
-
accident
1
-
1
-
health
32
-
23
-
total
163
-
119
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
withholding
-
117
-
-
total
-
117
-
-
Income
500
500
500
500
Total tax
318
227
232
251
After tax
182
273
268
249
Living cost
365
365
365
365
Free-cash
-183
-92
-97
-116

Estimated living cost  is £365 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-£29
-£59
-£101
-£900
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
581
-
-
-
income
128
-
-
-
social contributions
48
-
7
-
total
176
-
7
-
Employer
581
-
-
-
social contributions
819
-
117
-
total
819
-
117
-
Corporate
-
500
-
-
income
-
110
-
-
total
-
110
-
-
Dividends
-
390
-
-
income
-
86
-
-
total
-
86
-
-
Income
500
500
500
500
Total tax
995
196
124
154
After tax
-495
304
376
346
Living cost
405
405
405
405
Free-cash
-900
-101
-29
-59

Estimated living cost  is £405 per week

£263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
Limassol , Cyprus
£50
£105
£10
£44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
16
social contributions
-
-
-
78
health
-
-
-
13
total
-
-
-
107
Employee
683
683
683
-
income
72
63
70
-
social contributions
33
57
38
-
health
7
12
8
-
total
112
132
116
-
Employer
683
683
683
-
social contributions
33
57
38
-
health
7
13
8
-
total
40
70
46
-
Corporate
59
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
52
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
500
500
500
500
Total tax
168
202
162
107
After tax
332
298
338
393
Living cost
288
288
288
288
Free-cash
44
10
50
105

Estimated living cost  is £288 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£2
£52
£51
£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
-
income
81
-
81
-
health
6
-
6
-
pensions
34
-
34
-
total
121
-
121
-
Employer
445
-
446
-
pensions
45
-
45
-
health
8
-
8
-
total
53
-
53
-
Corporate
1
500
-
-
income

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

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

Estimated living cost  is £324 per week

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

Additional information

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

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

Rome , Italy
-£112
-£84
-£91
-£248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
municipal
-
-
-
3
regional
-
-
-
8
national
-
-
-
90
social contributions
-
-
-
129
total
-
-
-
230
Employee
749
-
500
-
regional
11
-
7
-
social contributions
252
-
169
-
national
127
-
79
-
municipal
4
-
3
-
total
394
-
258
-
Employer
749
-
500
-
total
-
-
-
-
Corporate
-
500
-
-
nationa
-
120
-
-
municipal
-
24
-
-
total
-
144
-
-
Dividends
-
356
-
-
withholding
-
93
-
-
total
-
93
-
-
Income
500
500
500
500
Total tax
394
237
258
230
After tax
106
263
242
270
Living cost
354
354
354
354
Free-cash
-248
-91
-112
-84

Estimated living cost  is £354 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£77
£160
-£145
£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
-
-
-
500
income
-
-
-
96
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
154
Employee
292
-
415
-
income
40
-
57
-
health
33
-
48
-
pensions
33
-
47
-
total
106
-
152
-
Employer
292
-
415
-
unemployment
7
-
10
-
pensions
48
-
68
-
accident
5
-
7
-
total
60
-
85
-
Corporate
148
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.

133
450
-
-
total
133
450
-
-
Dividends
15
50
-
-
withholding
3
9
-
-
total
3
9
-
-
Income
500
500
500
500
Total tax
302
459
237
154
After tax
198
41
263
346
Living cost
186
186
186
186
Free-cash
12
-145
77
160

Estimated living cost  is £186 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£40
£28
-£84
£34
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.

-
-
-
53
health

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

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

-
-
-
61
trade
-
-
-
12
surtax

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

-
-
-
3
total
-
-
-
129
Employee

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

442
-
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.

36
-
53
-
health

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

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

61
-
61
-
surtax

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

2
-
3
-
total
99
-
117
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58
500
-
-
chamber of commerce
1
2
-
-
income
9
75
-
-
surtax

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

-
4
-
-
trade
8
72
-
-
total
18
153
-
-
Dividends
39
347
-
-
withholding
6
83
-
-
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
-
-
total
6
88
-
-
Income
500
500
500
500
Total tax
123
241
117
129
After tax
377
259
383
371
Living cost
343
343
343
343
Free-cash
34
-84
40
28

Estimated living cost  is £343 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
£102
£212
£215
£141
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
microenterprise
-
-
-
75
income
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
28
surtax
-
-
-
-
total
-
-
-
103
Employee
260
-
403
-
income
46
-
72
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

29
-
44
-
surtax
-
-
-
-
total
75
-
116
-
Employer
260
-
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.

63
-
97
-
surtax
-
-
-
-
total
63
-
97
-
Corporate
178
500
-
-
income

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

36
100
-
-
total
36
100
-
-
Dividends

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

142
400
-
-
total
-
-
-
-
Income
500
500
500
500
Total tax
174
100
213
103
After tax
326
400
287
397
Living cost
185
185
185
185
Free-cash
141
215
102
212

Estimated living cost  is £185 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.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£137
£142
£197
£177
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
-
-
-
98
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
243
Employee
175
-
408
-
income
34
-
95
-
health
9
-
20
-
unemployment
2
-
4
-
pensions
16
-
37
-
total
61
-
156
-
Employer
175
-
408
-
unemployment
3
-
8
-
pensions
19
-
45
-
health
17
-
39
-
total
39
-
92
-
Corporate
286
500
-
-
income
63
110
-
-
total
63
110
-
-
Dividends
223
390
-
-
withholding
45
78
-
-
total
45
78
-
-
Income
500
500
500
500
Total tax
208
188
248
243
After tax
292
312
252
257
Living cost
115
115
115
115
Free-cash
177
197
137
142

Estimated living cost  is £115 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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Athens , Greece
£72
£83
£114
£86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
75
health
-
-
-
36
unemployment
-
-
-
2
surtax
-
-
-
4
pensions
-
-
-
100
other
-
-
-
-
total
-
-
-
217
Employee
299
-
413
-
other
-
-
-
-
income
50
-
70
-
health
8
-
11
-
unemployment
21
-
29
-
surtax
1
-
3
-
pensions
20
-
28
-
total
100
-
141
-
Employer
299
-
413
-
unemployment
9
-
13
-
pensions
40
-
55
-
other
-
-
-
-
health
14
-
19
-
total
63
-
87
-
Corporate
138
500
-
-
income
36
130
-
-
total
36
130
-
-
Dividends
102
370
-
-
withholding
15
56
-
-
total
15
56
-
-
Income
500
500
500
500
Total tax
214
186
228
217
After tax
286
314
272
283
Living cost
200
200
200
200
Free-cash
86
114
72
83

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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Graz , Austria
-£91
-£2
£4
-£10
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
500
income
-
-
-
33
chamber of commerce
-
-
-
2
health
-
-
-
38
unemployment
-
-
-
54
surtax
-
-
-
-
pensions
-
-
-
92
total
-
-
-
219
Employee
388
354
388
-
other
4
4
4
-
income
35
26
35
-
health
15
14
15
-
unemployment
12
11
12
-
pensions
40
36
40
-
total
106
91
106
-
Employer
388
354
388
-
unemployment
12
11
12
-
chamber of commerce
2
1
2
-
pensions
49
44
49
-
payroll
12
11
12
-
other
18
17
18
-
surtax
-
-
-
-