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
£ 550
per

Your estimated
City
free-cash

Valencia , Spain
£62
£55
£127
£80
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
-
-
-
550
income
-
-
-
85
accident
-
-
-
5
unemployment
-
-
-
4
pensions
-
-
-
156
other
-
-
-
1
total
-
-
-
251
Employee
328
-
417
-
other
-
-
-
-
income
63
-
86
-
unemployment
5
-
6
-
pensions
15
-
20
-
total
83
-
112
-
Employer
328
-
417
-
unemployment
18
-
23
-
pensions
78
-
98
-
other
3
-
3
-
accident
7
-
8
-
total
106
-
132
-
Corporate
117
550
-
-
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.

18
83
-
-
total
18
83
-
-
Dividends
99
467
-
-
withholding
19
96
-
-
total
19
96
-
-
Income
550
550
550
550
Total tax
226
179
244
251
After tax
324
371
306
299
Living cost
244
244
244
244
Free-cash
80
127
62
55

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
£85
£61
£167
£105
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
-
-
-
550
income
-
-
-
70
health
-
-
-
24
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.

-
-
-
132
other
-
-
-
26
total
-
-
-
252
Employee
323
-
439
-
income
56
-
76
-
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
-
31
-
total
87
-
117
-
Employer
323
-
439
-
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
-
75
-
other
16
-
22
-
accident
3
-
4
-
health
5
-
6
-
total
82
-
111
-
Corporate
146
550
-
-
income
31
116
-
-
total
31
116
-
-
Dividends
116
434
-
-
withholding
8
30
-
-
total
8
30
-
-
Income
550
550
550
550
Total tax
208
146
228
252
After tax
342
404
322
298
Living cost
237
237
237
237
Free-cash
105
167
85
61

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
£281
£269
£354
£312
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
-
-
-
550
income
-
-
-
82
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
-
-
-
165
Employee
154
-
489
-
income
15
-
49
-
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
-
93
-
Employer
154
-
489
-
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
366
550
-
-
income
37
55
-
-
total
37
55
-
-
Dividends
329
495
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
550
550
550
550
Total tax
122
80
153
165
After tax
428
470
397
385
Living cost
116
116
116
116
Free-cash
312
354
281
269

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
£30
£24
-£27
£27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
27
social contributions
-
-
-
16
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
157
other
-
-
-
17
total
-
-
-
222
Employee
380
-
419
-
income
22
-
27
-
social contributions
11
-
12
-
surtax
-
-
-
-
pensions
43
-
47
-
total
76
-
86
-
Employer
380
-
419
-
unemployment
15
-
17
-
social contributions
1
-
1
-
pensions
62
-
69
-
other
13
-
14
-
health
27
-
29
-
total
118
-
130
-
Corporate
51
550
-
-
income
14
154
-
-
surtax
-
-
-
-
total
14
154
-
-
Dividends
37
396
-
-
withholding
5
51
-
-
surtax
-
-
-
-
social contributions
6
68
-
-
total
11
119
-
-
Income
550
550
550
550
Total tax
219
273
216
222
After tax
331
277
334
328
Living cost
304
304
304
304
Free-cash
27
-27
30
24

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
-£332
-£57
-£282
-£332
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
-
-
-
550
income
-
-
-
52
health
-
-
-
84
pensions
-
-
-
99
total
-
-
-
235
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
550
550
550
550
Total tax
510
460
510
235
After tax
40
90
40
315
Living cost
372
372
372
372
Free-cash
-332
-282
-332
-57

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
£148
£126
£9
£107
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.

-
-
-
550
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.

-
-
-
68
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
-
-
-
22
surtax

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

-
-
-
4
total
-
-
-
155
Employee

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

340
-
550
-
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
-
68
-
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
-
4
-
total
71
-
133
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
210
550
-
-
chamber of commerce
2
2
-
-
income
32
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.

2
5
-
-
trade
33
87
-
-
total
69
177
-
-
Dividends
142
374
-
-
withholding
32
90
-
-
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
5
-
-
total
34
95
-
-
Income
550
550
550
550
Total tax
174
272
133
155
After tax
376
278
417
395
Living cost
269
269
269
269
Free-cash
107
9
148
126

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
£176
£220
£142
£150
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
-
-
-
550
income
-
-
-
24
social contributions
-
-
-
86
health
-
-
-
14
total
-
-
-
124
Employee
683
683
683
-
income
74
63
69
-
social contributions
26
57
41
-
health
5
12
8
-
total
105
132
118
-
Employer
683
683
683
-
social contributions
26
57
41
-
health
6
13
9
-
total
32
70
50
-
Corporate
207
-
-
-
income
26
-
-
-
total
26
-
-
-
Dividends
181
-
-
-
withholding
31
-
-
-
total
31
-
-
-
Income
550
550
550
550
Total tax
194
202
168
124
After tax
356
348
382
426
Living cost
206
206
206
206
Free-cash
150
142
176
220

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
£20
£37
£33
£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
550
income
-
-
-
43
social contributions

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

-
-
-
191
surtax
-
-
-
-
total
-
-
-
234
Employee
409
-
444
-
income
85
-
96
-
social contributions
45
-
49
-
surtax
-
-
-
-
total
130
-
145
-
Employer
409
-
444
-
social contributions
97
-
106
-
total
97
-
106
-
Corporate
44
550
-
-
income
9
116
-
-
surtax
-
-
-
-
total
9
116
-
-
Dividends
35
434
-
-
withholding
10
122
-
-
total
10
122
-
-
Income
550
550
550
550
Total tax
246
238
251
234
After tax
304
312
299
316
Living cost
279
279
279
279
Free-cash
25
33
20
37

Estimated living cost  is £279 per week

£208
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
£373
£478
£456
£443
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%.

-
-
-
550
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
-
550
-
income
17
-
110
-
total
17
-
110
-
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%.

467
550
-
-
total
-
-
-
-
Dividends
467
550
-
-
withholding
23
27
-
-
total
23
27
-
-
Income
550
550
550
550
Total tax
40
27
110
5
After tax
510
523
440
545
Living cost
67
67
67
67
Free-cash
443
456
373
478

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
£45
£62
£140
£66
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.

-
-
-
550
income
-
-
-
95
health
-
-
-
54
unemployment
-
-
-
1
pensions
-
-
-
100
total
-
-
-
250
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
-
476
-
income
68
-
87
-
health
25
-
31
-
unemployment
1
-
1
-
pensions
61
-
74
-
total
155
-
193
-
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
-
476
-
unemployment
-
-
-
-
pensions
35
-
42
-
health
26
-
32
-
total
61
-
74
-
Corporate
96
550
-
-
income
18
105
-
-
total
18
105
-
-
Dividends
78
445
-
-
withholding
12
67
-
-
total
12
67
-
-
Income
550
550
550
550
Total tax
246
172
267
250
After tax
304
378
283
300
Living cost
238
238
238
238
Free-cash
66
140
45
62

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
£76
-£83
-£11
£39
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.

-
-
-
550
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
-
509
-
social contributions
41
-
41
-
income
44
-
70
-
total
85
-
111
-
Employer
408
-
509
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
102
550
-
-
income
36
192
-
-
total
36
192
-
-
Dividends
66
358
-
-
social contributions
27
47
-
-
total
27
47
-
-
Income
550
550
550
550
Total tax
189
239
152
311
After tax
361
311
398
239
Living cost
322
322
322
322
Free-cash
39
-11
76
-83

Estimated living cost  is £322 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
£141
£165
£149
£152
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
-
-
-
550
income
-
-
-
83
social contributions
-
-
-
76
health
-
-
-
38
total
-
-
-
197
Employee
301
-
550
-
income
50
-
107
-
social contributions
42
-
76
-
health
21
-
38
-
total
113
-
221
-
Employer
301
-
550
-
total
-
-
-
-
Corporate
249
550
-
-
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%.

12
27
-
-
total
12
27
-
-
Dividends
236
523
-
-
withholding
35
78
-
-
health
17
36
-
-
social contributions
33
72
-
-
total
85
186
-
-
Income
550
550
550
550
Total tax
210
213
221
197
After tax
340
337
329
353
Living cost
188
188
188
188
Free-cash
152
149
141
165

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
£35
£24
£134
£49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
47
social contributions
-
-
-
161
solidarity contribution
-
-
-
-
health
-
-
-
74
total
-
-
-
282
Employee
358
-
410
-
solidarity contribution
-
-
-
-
income
43
-
49
-
social contributions
23
-
27
-
health
48
-
55
-
total
114
-
131
-
Employer
358
-
410
-
social contributions
90
-
103
-
health
32
-
37
-
total
122
-
140
-
Corporate
70
550
-
-
income
13
105
-
-
total
13
105
-
-
Dividends
57
445
-
-
withholding
8
67
-
-
total
8
67
-
-
Income
550
550
550
550
Total tax
257
172
271
282
After tax
293
378
279
268
Living cost
244
244
244
244
Free-cash
49
134
35
24

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.
£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.
£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
£336
£441
£419
£399
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%.

-
-
-
550
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
-
550
-
income
26
-
110
-
total
26
-
110
-
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%.

420
550
-
-
total
-
-
-
-
Dividends
420
550
-
-
withholding
21
27
-
-
total
21
27
-
-
Income
550
550
550
550
Total tax
47
27
110
5
After tax
503
523
440
545
Living cost
104
104
104
104
Free-cash
399
419
336
441

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
-£95
-£101
-£152
-£181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
27
social contributions
-
-
-
16
health
-
-
-
5
surtax
-
-
-
-
pensions
-
-
-
157
other
-
-
-
17
total
-
-
-
222
Employee
556
-
419
-
income
49
-
27
-
social contributions
16
-
12
-
surtax
-
-
-
-
pensions
63
-
47
-
total
128
-
86
-
Employer
556
-
419
-
unemployment
23
-
17
-
social contributions
2
-
1
-
pensions
91
-
69
-
other
19
-
14
-
health
39
-
29
-
total
174
-
130
-
Corporate
-
550
-
-
income
-
154
-
-
surtax
-
-
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
302
273
216
222
After tax
248
277
334
328
Living cost
429
429
429
429
Free-cash
-181
-152
-95
-101

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
£143
£118
£244
£200
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.

-
-
-
550
income
-
-
-
71
health
-
-
-
57
unemployment
-
-
-
8
pensions
-
-
-
143
total
-
-
-
279
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
-
466
-
income
32
-
79
-
health
12
-
24
-
unemployment
2
-
3
-
pensions
32
-
65
-
total
78
-
171
-
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
-
466
-
unemployment
2
-
3
-
pensions
28
-
56
-
health
12
-
24
-
total
42
-
83
-
Corporate
278
550
-
-
income
42
83
-
-
total
42
83
-
-
Dividends
236
467
-
-
withholding
35
70
-
-
total
35
70
-
-
Income
550
550
550
550
Total tax
197
153
254
279
After tax
353
397
296
271
Living cost
153
153
153
153
Free-cash
200
244
143
118

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
-£185
-£158
-£370
-£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
-
-
-
550
regional
-
-
-
14
national
-
-
-
2
health
-
-
-
2
city
-
-
-
6
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.

-
-
-
11
pensions
-
-
-
51
total
-
-
-
86
Employee
728
-
492
-
regional
24
-
12
-
city
8
-
5
-
health
2
-
1
-
unemployment
-
-
-
-
national
3
-
2
-
pensions
61
-
41
-
total
98
-
61
-
Employer
728
-
492
-
unemployment
-
-
-
-
pensions
61
-
41
-
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
-
10
-
health
2
-
1
-
total
78
-
52
-
Corporate
-
550
-
-
regional
-
116
-
-
national
-
47
-
-
total
-
163
-
-
Dividends
-
387
-
-
withholding
-
135
-
-
total
-
135
-
-
Income
550
550
550
550
Total tax
176
298
113
86
After tax
374
252
437
464
Living cost
622
622
622
622
Free-cash
-248
-370
-185
-158

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
-£2
£80
£38
-£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

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

-
-
-
550
municipal
-
-
-
98
national
-
-
-
26
health
-
-
-
5
total
-
-
-
129
Employee
467
-
463
-
health
3
-
3
-
unemployment
7
-
7
-
national
8
-
7
-
municipal
77
-
76
-
pensions
32
-
31
-
total
127
-
124
-
Employer
467
-
463
-
unemployment
3
-
3
-
pensions
81
-
80
-
accident
-
-
-
-
health
4
-
4
-
total
88
-
87
-
Corporate
-
550
-
-
income
-
110
-
-
total
-
110
-
-
Dividends

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

-
330
-
-
national
-
2
-
-
municipal
-
59
-
-
total
-
61
-
-
Income
550
550
550
550
Total tax
215
171
211
129
After tax
335
379
339
421
Living cost
341
341
341
341
Free-cash
-6
38
-2
80

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
-£91
-£35
-£14
-£270
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
-
-
-
550
national
-
-
-
164
social contributions
-
-
-
68
communal

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

-
-
-
29
total
-
-
-
261
Employee

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

635
-
426
-
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
-
20
-
communal

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

33
-
22
-
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
-
4
-
national
195
-
115
-
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
-
32
-
total
312
-
193
-
Employer

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

635
-
426
-
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
-
38
-
surtax
72
-
48
-
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
-
6
-
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
-
26
-
total
184
-
124
-
Corporate
-
550
-
-
income
-
110
-
-
surtax
-
2
-
-
total
-
112
-
-
Dividends
-
438
-
-
withholding

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

-
128
-
-
total
-
128
-
-
Income
550
550
550
550
Total tax
496
240
317
261
After tax
54
310
233
289
Living cost
324
324
324
324
Free-cash
-270
-14
-91
-35

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
-£72
-£90
-£65
-£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
municipal
-
-
-
116
national
-
-
-
-
health
-
-
-
34
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
59
other
-
-
-
64
total
-
-
-
275
Employee
520
-
419
-
national
-
-
-
-
municipal
155
-
125
-
total
155
-
125
-
Employer
520
-
419
-
unemployment
14
-
11
-
pensions
56
-
45
-
other
60
-
49
-
accident
1
-
1
-
health
32
-
26
-
total
163
-
132
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
withholding
-
129
-
-
total
-
129
-
-
Income
550
550
550
550
Total tax
318
250
257
275
After tax
232
300
293
275
Living cost
365
365
365
365
Free-cash
-133
-65
-72
-90

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
£20
-£26
-£71
-£852
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
-
-
-
550
income
-
-
-
107
social contributions
-
-
-
63
total
-
-
-
170
Employee
582
-
-
-
income
128
-
-
-
social contributions
48
-
7
-
total
176
-
7
-
Employer
582
-
-
-
social contributions
820
-
117
-
total
820
-
117
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
income
-
94
-
-
total
-
94
-
-
Income
550
550
550
550
Total tax
996
215
124
170
After tax
-446
335
426
380
Living cost
406
406
406
406
Free-cash
-852
-71
20
-26

Estimated living cost  is £406 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
£94
£138
£60
£80
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
-
-
-
550
income
-
-
-
24
social contributions
-
-
-
86
health
-
-
-
14
total
-
-
-
124
Employee
683
683
683
-
income
72
63
69
-
social contributions
33
57
41
-
health
7
12
8
-
total
112
132
118
-
Employer
683
683
683
-
social contributions
33
57
41
-
health
7
13
9
-
total
40
70
50
-
Corporate
110
-
-
-
income
14
-
-
-
total
14
-
-
-
Dividends
96
-
-
-
withholding
16
-
-
-
total
16
-
-
-
Income
550
550
550
550
Total tax
182
202
168
124
After tax
368
348
382
426
Living cost
288
288
288
288
Free-cash
80
60
94
138

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
£31
£88
£89
£39
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
-
-
-
550
income
-
-
-
103
pensions
-
-
-
35
total
-
-
-
138
Employee
445
-
490
-
income
81
-
89
-
health
6
-
7
-
pensions
34
-
39
-
total
121
-
135
-
Employer
445
-
490
-
pensions
45
-
51
-
health
8
-
9
-
total
53
-
60
-
Corporate
51
550
-
-
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.

10
104
-
-
total
10
104
-
-
Dividends
42
446
-
-
withholding
3
33
-
-
total
3
33
-
-
Income
550
550
550
550
Total tax
187
137
195
138
After tax
363
413
355
412
Living cost
324
324
324
324
Free-cash
39
89
31
88

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
-£87
-£58
-£65
-£197
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
-
-
-
550
municipal
-
-
-
4
regional
-
-
-
9
national
-
-
-
100
social contributions
-
-
-
141
total
-
-
-
254
Employee
749
-
550
-
regional
11
-
7
-
social contributions
252
-
185
-
national
126
-
88
-
municipal
4
-
3
-
total
393
-
283
-
Employer
749
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
391
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
393
261
283
254
After tax
157
289
267
296
Living cost
354
354
354
354
Free-cash
-197
-65
-87
-58

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
£100
£194
-£141
£16
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
-
-
-
550
income
-
-
-
112
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
170
Employee
292
-
457
-
income
40
-
68
-
health
33
-
52
-
pensions
33
-
51
-
total
106
-
171
-
Employer
292
-
457
-
unemployment
7
-
11
-
pensions
47
-
74
-
accident
5
-
8
-
total
59
-
93
-
Corporate
198
550
-
-
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.

179
495
-
-
total
179
495
-
-
Dividends
20
55
-
-
withholding
4
10
-
-
total
4
10
-
-
Income
550
550
550
550
Total tax
348
505
264
170
After tax
202
45
286
380
Living cost
186
186
186
186
Free-cash
16
-141
100
194

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
£74
£54
-£59
£58
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.

-
-
-
550
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.

-
-
-
68
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
-
-
-
20
surtax

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

-
-
-
4
total
-
-
-
153
Employee

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

442
-
550
-
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
-
68
-
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
-
4
-
total
99
-
133
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
108
550
-
-
chamber of commerce
2
2
-
-
income
16
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.

1
5
-
-
trade
15
79
-
-
total
34
169
-
-
Dividends
74
382
-
-
withholding
15
92
-
-
surtax

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

1
5
-
-
total
16
97
-
-
Income
550
550
550
550
Total tax
149
266
133
153
After tax
401
284
417
397
Living cost
343
343
343
343
Free-cash
58
-59
74
54

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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
£128
£254
£255
£181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
550
microenterprise
-
-
-
83
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
-
-
-
111
Employee
260
-
443
-
income
46
-
81
-
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
-
49
-
surtax
-
-
-
-
total
75
-
130
-
Employer
260
-
443
-
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
-
107
-
surtax
-
-
-
-
total
63
-
107
-
Corporate
228
550
-
-
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%.

46
110
-
-
total
46
110
-
-
Dividends

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

182
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
184
110
237
111
After tax
366
440
313
439
Living cost
185
185
185
185
Free-cash
181
255
128
254

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
£167
£174
£228
£209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
116
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
261
Employee
175
-
456
-
income
34
-
111
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
174
-
Employer
175
-
456
-
unemployment
3
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
39
-
94
-
Corporate
336
550
-
-
income
74
121
-
-
total
74
121
-
-
Dividends
262
429
-
-
withholding
52
86
-
-
total
52
86
-
-
Income
550
550
550
550
Total tax
226
207
268
261
After tax
324
343
282
289
Living cost
115
115
115
115
Free-cash
209
228
167
174

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
£95
£108
£146
£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
85
health
-
-
-
39
unemployment
-
-
-
2
surtax
-
-
-
6
pensions
-
-
-
110
other
-
-
-
-
total
-
-
-
242
Employee
299
-
454
-
other
-
-
-
-
income
50
-
80
-
health
8
-
12
-
unemployment
21
-
32
-
surtax
1
-
5
-
pensions
20
-
30
-
total
100
-
159
-
Employer
299
-
454
-
unemployment
9
-
14
-
pensions
40
-
61
-
other
-
-
-
-
health
14
-
21
-
total
63
-
96
-
Corporate
188
550
-
-
income
49
143
-
-
total
49
143
-
-
Dividends
139
407
-
-
withholding
21
61
-
-
total
21
61
-
-
Income
550
550
550
550
Total tax
233
204
255
242
After tax
317
346
295
308
Living cost
200
200
200
200
Free-cash
117
146
95
108

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
-£79
£21
£31
£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
-
-
-
550
income
-
-
-
46
chamber of commerce
-
-
-
2
health
-
-
-
42
unemployment
-
-
-
54
surtax
-
-
-
-
pensions
-
-
-
102
total
-
-
-
246
Employee
388
354
427
-
other
4
4
4
-
income
35
26
46
-
health
15
14
17
-
unemployment
12
11
13
-
pensions
40
36
44
-
total
106
91
124
-
Employer
388
354
427
-
unemployment
12
11
13
-
chamber of commerce
2
1
2
-
pensions
49
44
54
-
payroll
12
11
13
-
other
18
17
20
-
surtax
-
-
-
-
accident