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
£ 650
per

Your estimated
City
free-cash

Valencia , Spain
£109
£103
£193
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
105
accident
-
-
-
6
unemployment
-
-
-
5
pensions
-
-
-
184
other
-
-
-
1
total
-
-
-
301
Employee
331
-
493
-
other
-
-
-
-
income
64
-
107
-
unemployment
5
-
8
-
pensions
16
-
23
-
total
85
-
138
-
Employer
331
-
493
-
unemployment
18
-
27
-
pensions
78
-
116
-
other
3
-
4
-
accident
7
-
10
-
total
106
-
157
-
Corporate
214
650
-
-
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.

32
97
-
-
total
32
97
-
-
Dividends
182
553
-
-
withholding
36
114
-
-
total
36
114
-
-
Income
650
650
650
650
Total tax
259
211
295
301
After tax
391
439
355
349
Living cost
246
246
246
246
Free-cash
145
193
109
103

Estimated living cost  is £246 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£145
£113
£239
£179
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
-
-
-
650
income
-
-
-
83
health
-
-
-
29
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.

-
-
-
156
other
-
-
-
31
total
-
-
-
299
Employee
325
-
519
-
income
56
-
89
-
health
5
-
7
-
unemployment
3
-
5
-
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
-
36
-
total
87
-
137
-
Employer
325
-
519
-
unemployment
3
-
5
-
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
-
88
-
other
16
-
26
-
accident
3
-
4
-
health
5
-
7
-
total
82
-
130
-
Corporate
243
650
-
-
income
51
137
-
-
total
51
137
-
-
Dividends
192
513
-
-
withholding
13
36
-
-
total
13
36
-
-
Income
650
650
650
650
Total tax
233
173
267
299
After tax
417
477
383
351
Living cost
238
238
238
238
Free-cash
179
239
145
113

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£369
£353
£439
£396
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
-
-
-
650
income
-
-
-
97
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
-
-
-
180
Employee
155
-
589
-
income
16
-
59
-
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
39
-
103
-
Employer
155
-
589
-
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
-
22
-
total
31
-
61
-
Corporate
464
650
-
-
income
46
65
-
-
total
46
65
-
-
Dividends
418
585
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
650
650
650
650
Total tax
137
94
164
180
After tax
513
556
486
470
Living cost
117
117
117
117
Free-cash
396
439
369
353

Estimated living cost  is £117 per week

£69
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
£84
£80
£21
£75
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
36
social contributions
-
-
-
19
health
-
-
-
6
surtax
-
-
-
-
pensions
-
-
-
183
other
-
-
-
20
total
-
-
-
264
Employee
383
-
495
-
income
23
-
36
-
social contributions
11
-
14
-
surtax
-
-
-
-
pensions
43
-
56
-
total
77
-
106
-
Employer
383
-
495
-
unemployment
15
-
20
-
social contributions
1
-
1
-
pensions
63
-
81
-
other
13
-
17
-
health
27
-
35
-
total
119
-
154
-
Corporate
148
650
-
-
income
41
182
-
-
surtax
-
-
-
-
total
41
182
-
-
Dividends
106
468
-
-
withholding
14
60
-
-
surtax
-
-
-
-
social contributions
18
81
-
-
total
32
141
-
-
Income
650
650
650
650
Total tax
269
323
260
264
After tax
381
327
390
386
Living cost
306
306
306
306
Free-cash
75
21
84
80

Estimated living cost  is £306 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-£237
-£5
-£188
-£237
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
-
-
-
650
income
-
-
-
82
health
-
-
-
93
pensions
-
-
-
105
total
-
-
-
280
Employee
764
764
764
-
income

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

125
125
125
-
health
117
100
117
-
pensions
137
105
137
-
total
379
330
379
-
Employer
764
764
764
-
unemployment
27
27
27
-
pensions
53
53
53
-
health
53
53
53
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
512
463
512
280
After tax
138
187
138
370
Living cost
375
375
375
375
Free-cash
-237
-188
-237
-5

Estimated living cost  is £375 per week

£266
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
£215
£178
£60
£156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
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.

-
-
-
98
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
-
-
-
37
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
-
-
-
201
Employee

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

342
-
650
-
income

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

10
-
98
-
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
-
5
-
total
72
-
164
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
308
650
-
-
chamber of commerce
2
2
-
-
income
46
97
-
-
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
5
-
-
trade
48
102
-
-
total
99
206
-
-
Dividends
209
442
-
-
withholding
49
107
-
-
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
6
-
-
total
52
113
-
-
Income
650
650
650
650
Total tax
223
319
164
201
After tax
427
331
486
449
Living cost
271
271
271
271
Free-cash
156
60
215
178

Estimated living cost  is £271 per week

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

Additional information

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

Larnaca , Cyprus
£257
£282
£240
£222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
43
social contributions
-
-
-
101
health
-
-
-
17
total
-
-
-
161
Employee
688
688
688
-
income
75
64
67
-
social contributions
26
57
49
-
health
5
12
10
-
total
106
133
126
-
Employer
688
688
688
-
social contributions
26
57
49
-
health
6
13
11
-
total
32
70
60
-
Corporate
305
-
-
-
income
38
-
-
-
total
38
-
-
-
Dividends
267
-
-
-
withholding
45
-
-
-
total
45
-
-
-
Income
650
650
650
650
Total tax
221
203
186
161
After tax
429
447
464
489
Living cost
207
207
207
207
Free-cash
222
240
257
282

Estimated living cost  is £207 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£64
£89
£88
£79
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.

-
-
-
650
income
-
-
-
54
social contributions

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

-
-
-
226
surtax
-
-
-
-
total
-
-
-
280
Employee
411
-
525
-
income
86
-
122
-
social contributions
45
-
58
-
surtax
-
-
-
-
total
131
-
180
-
Employer
411
-
525
-
social contributions
98
-
125
-
total
98
-
125
-
Corporate
141
650
-
-
income
30
137
-
-
surtax
-
-
-
-
total
30
137
-
-
Dividends
111
513
-
-
withholding
31
144
-
-
total
31
144
-
-
Income
650
650
650
650
Total tax
290
281
305
280
After tax
360
369
345
370
Living cost
281
281
281
281
Free-cash
79
88
64
89

Estimated living cost  is £281 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£456
£579
£554
£542
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%.

-
-
-
650
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
80
-
650
-
income
16
-
130
-
total
16
-
130
-
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%.

570
650
-
-
total
-
-
-
-
Dividends
570
650
-
-
withholding
28
32
-
-
total
28
32
-
-
Income
650
650
650
650
Total tax
44
32
130
7
After tax
606
618
520
643
Living cost
64
64
64
64
Free-cash
542
554
456
579

Estimated living cost  is £64 per week

£40
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£17
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
£89
£107
£207
£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

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.

-
-
-
650
income
-
-
-
119
health
-
-
-
64
unemployment
-
-
-
1
pensions
-
-
-
119
total
-
-
-
303
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.

396
-
562
-
income
68
-
110
-
health
26
-
36
-
unemployment
1
-
1
-
pensions
61
-
87
-
total
156
-
234
-
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.

396
-
562
-
unemployment
-
-
-
-
pensions
35
-
50
-
health
26
-
37
-
total
61
-
87
-
Corporate
193
650
-
-
income
37
124
-
-
total
37
124
-
-
Dividends
156
526
-
-
withholding
23
79
-
-
total
23
79
-
-
Income
650
650
650
650
Total tax
277
203
321
303
After tax
373
447
329
347
Living cost
240
240
240
240
Free-cash
133
207
89
107

Estimated living cost  is £240 per week

£165
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
£149
£12
£51
£102
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.

-
-
-
650
income
-
-
-
255
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
-
-
-
313
Employee
410
-
609
-
social contributions
41
-
41
-
income
45
-
94
-
total
86
-
135
-
Employer
410
-
609
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
199
650
-
-
income
69
227
-
-
total
69
227
-
-
Dividends
129
423
-
-
social contributions
27
47
-
-
total
27
47
-
-
Income
650
650
650
650
Total tax
223
274
176
313
After tax
427
376
474
337
Living cost
325
325
325
325
Free-cash
102
51
149
12

Estimated living cost  is £325 per week

£214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
£241
£228
£206
£212
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
-
-
-
650
income
-
-
-
97
social contributions
-
-
-
90
health
-
-
-
45
total
-
-
-
232
Employee
303
-
650
-
income
51
-
84
-
social contributions
42
-
90
-
health
21
-
45
-
total
114
-
219
-
Employer
303
-
650
-
total
-
-
-
-
Corporate
347
650
-
-
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%.

17
33
-
-
total
17
33
-
-
Dividends
329
617
-
-
withholding
49
93
-
-
health
23
43
-
-
social contributions
45
85
-
-
total
117
221
-
-
Income
650
650
650
650
Total tax
248
254
219
232
After tax
402
396
431
418
Living cost
190
190
190
190
Free-cash
212
206
241
228

Estimated living cost  is £190 per week

£127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£88
£74
£206
£119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
56
social contributions
-
-
-
190
solidarity contribution
-
-
-
-
health
-
-
-
88
total
-
-
-
334
Employee
356
-
485
-
solidarity contribution
-
-
-
-
income
43
-
58
-
social contributions
23
-
32
-
health
48
-
65
-
total
114
-
155
-
Employer
356
-
485
-
social contributions
89
-
121
-
health
32
-
44
-
total
121
-
165
-
Corporate
173
650
-
-
income
33
123
-
-
total
33
123
-
-
Dividends
140
527
-
-
withholding
21
79
-
-
total
21
79
-
-
Income
650
650
650
650
Total tax
289
202
320
334
After tax
361
448
330
316
Living cost
242
242
242
242
Free-cash
119
206
88
74

Estimated living cost  is £242 per week

£180
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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£420
£543
£518
£499
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%.

-
-
-
650
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
125
-
650
-
income
25
-
130
-
total
25
-
130
-
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%.

525
650
-
-
total
-
-
-
-
Dividends
525
650
-
-
withholding
26
32
-
-
total
26
32
-
-
Income
650
650
650
650
Total tax
51
32
130
7
After tax
599
618
520
643
Living cost
100
100
100
100
Free-cash
499
518
420
543

Estimated living cost  is £100 per week

£68
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.
£25
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
-£42
-£46
-£105
-£85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
36
social contributions
-
-
-
19
health
-
-
-
6
surtax
-
-
-
-
pensions
-
-
-
183
other
-
-
-
20
total
-
-
-
264
Employee
560
-
495
-
income
49
-
36
-
social contributions
16
-
14
-
surtax
-
-
-
-
pensions
63
-
56
-
total
128
-
106
-
Employer
560
-
495
-
unemployment
23
-
20
-
social contributions
2
-
1
-
pensions
92
-
81
-
other
19
-
17
-
health
39
-
35
-
total
175
-
154
-
Corporate
-
650
-
-
income
-
182
-
-
surtax
-
-
-
-
total
-
182
-
-
Dividends
-
468
-
-
withholding
-
60
-
-
surtax
-
-
-
-
social contributions
-
81
-
-
total
-
141
-
-
Income
650
650
650
650
Total tax
303
323
260
264
After tax
347
327
390
386
Living cost
432
432
432
432
Free-cash
-85
-105
-42
-46

Estimated living cost  is £432 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£188
£163
£316
£271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
650
income
-
-
-
87
health
-
-
-
67
unemployment
-
-
-
10
pensions
-
-
-
169
total
-
-
-
333
Employee

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

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

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

233
-
551
-
income
32
-
101
-
health
12
-
28
-
unemployment
2
-
4
-
pensions
33
-
77
-
total
79
-
210
-
Employer

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

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

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

233
-
551
-
unemployment
2
-
4
-
pensions
28
-
66
-
health
12
-
28
-
total
42
-
98
-
Corporate
376
650
-
-
income
56
97
-
-
total
56
97
-
-
Dividends
319
553
-
-
withholding
48
83
-
-
total
48
83
-
-
Income
650
650
650
650
Total tax
225
180
308
333
After tax
425
470
342
317
Living cost
154
154
154
154
Free-cash
271
316
188
163

Estimated living cost  is £154 per week

£104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
-£110
-£78
-£326
-£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
-
-
-
650
regional
-
-
-
19
national
-
-
-
3
health
-
-
-
2
city
-
-
-
7
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.

-
-
-
13
pensions
-
-
-
60
total
-
-
-
104
Employee
731
-
582
-
regional
24
-
16
-
city
8
-
6
-
health
2
-
1
-
unemployment
-
-
-
-
national
3
-
2
-
pensions
61
-
49
-
total
98
-
74
-
Employer
731
-
582
-
unemployment
-
-
-
-
pensions
61
-
49
-
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
-
12
-
health
2
-
1
-
total
78
-
62
-
Corporate
-
650
-
-
regional
-
137
-
-
national
-
55
-
-
total
-
192
-
-
Dividends
-
457
-
-
withholding
-
160
-
-
total
-
160
-
-
Income
650
650
650
650
Total tax
176
352
136
104
After tax
474
298
514
546
Living cost
624
624
624
624
Free-cash
-150
-326
-110
-78

Estimated living cost  is £624 per week

£406
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.
£155
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
£47
£142
£102
£62
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
municipal
-
-
-
116
national
-
-
-
43
health
-
-
-
6
total
-
-
-
165
Employee
471
-
547
-
health
4
-
5
-
unemployment
7
-
8
-
national
8
-
17
-
municipal
77
-
89
-
pensions
32
-
37
-
total
128
-
156
-
Employer
471
-
547
-
unemployment
3
-
4
-
pensions
82
-
95
-
accident
-
-
1
-
health
4
-
4
-
total
89
-
104
-
Corporate
91
650
-
-
income
18
130
-
-
total
18
130
-
-
Dividends

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

54
390
-
-
national
-
5
-
-
municipal
10
70
-
-
total
10
75
-
-
Income
650
650
650
650
Total tax
245
205
260
165
After tax
405
445
390
485
Living cost
343
343
343
343
Free-cash
62
102
47
142

Estimated living cost  is £343 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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
-£58
£3
£39
-£176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
national
-
-
-
199
social contributions
-
-
-
88
communal

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

-
-
-
34
total
-
-
-
321
Employee

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

640
-
503
-
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
-
24
-
communal

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

33
-
26
-
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
197
-
143
-
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
-
38
-
total
314
-
235
-
Employer

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

640
-
503
-
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
-
7
-
pensions

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

57
-
45
-
surtax
73
-
57
-
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
-
7
-
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
-
31
-
total
186
-
147
-
Corporate
-
650
-
-
income
-
130
-
-
surtax
-
3
-
-
total
-
133
-
-
Dividends
-
517
-
-
withholding

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

-
152
-
-
total
-
152
-
-
Income
650
650
650
650
Total tax
500
285
382
321
After tax
150
365
268
329
Living cost
326
326
326
326
Free-cash
-176
39
-58
3

Estimated living cost  is £326 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£18
-£44
-£12
-£37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
municipal
-
-
-
138
national
-
-
-
-
health
-
-
-
41
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
70
other
-
-
-
76
total
-
-
-
327
Employee
522
-
495
-
national
-
-
-
-
municipal
156
-
147
-
total
156
-
147
-
Employer
522
-
495
-
unemployment
14
-
13
-
pensions
56
-
53
-
other
61
-
57
-
accident
1
-
1
-
health
32
-
30
-
total
164
-
154
-
Corporate
-
650
-
-
income
-
143
-
-
total
-
143
-
-
Dividends
-
507
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
650
650
650
650
Total tax
320
295
301
327
After tax
330
355
349
323
Living cost
367
367
367
367
Free-cash
-37
-12
-18
-44

Estimated living cost  is £367 per week

£243
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
£130
£51
-£3
-£726
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
-
-
-
650
income
-
-
-
127
social contributions
-
-
-
74
total
-
-
-
201
Employee
571
-
-
-
income
126
-
-
-
social contributions
47
-
7
-
total
173
-
7
-
Employer
571
-
-
-
social contributions
805
-
115
-
total
805
-
115
-
Corporate
-
650
-
-
income
-
143
-
-
total
-
143
-
-
Dividends
-
507
-
-
income
-
112
-
-
total
-
112
-
-
Income
650
650
650
650
Total tax
978
255
122
201
After tax
-328
395
528
449
Living cost
398
398
398
398
Free-cash
-726
-3
130
51

Estimated living cost  is £398 per week

£258
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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£174
£199
£157
£151
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
-
-
-
650
income
-
-
-
43
social contributions
-
-
-
101
health
-
-
-
17
total
-
-
-
161
Employee
688
688
688
-
income
72
64
67
-
social contributions
33
57
49
-
health
7
12
10
-
total
112
133
126
-
Employer
688
688
688
-
social contributions
33
57
49
-
health
7
13
11
-
total
40
70
60
-
Corporate
207
-
-
-
income
26
-
-
-
total
26
-
-
-
Dividends
181
-
-
-
withholding
31
-
-
-
total
31
-
-
-
Income
650
650
650
650
Total tax
209
203
186
161
After tax
441
447
464
489
Living cost
290
290
290
290
Free-cash
151
157
174
199

Estimated living cost  is £290 per week

£198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£90
£161
£163
£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
-
-
-
650
income
-
-
-
121
pensions
-
-
-
44
total
-
-
-
165
Employee
445
-
576
-
income
81
-
104
-
health
6
-
8
-
pensions
34
-
50
-
total
121
-
162
-
Employer
445
-
576
-
pensions
45
-
63
-
health
8
-
11
-
total
53
-
74
-
Corporate
151
650
-
-
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.

29
124
-
-
total
29
124
-
-
Dividends
123
526
-
-
withholding
9
39
-
-
total
9
39
-
-
Income
650
650
650
650
Total tax
212
163
236
165
After tax
438
487
414
485
Living cost
324
324
324
324
Free-cash
114
163
90
161

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
-£44
-£9
-£13
-£102
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
-
-
-
650
municipal
-
-
-
4
regional
-
-
-
11
national
-
-
-
121
social contributions
-
-
-
167
total
-
-
-
303
Employee
754
-
650
-
regional
11
-
9
-
social contributions
254
-
219
-
national
127
-
106
-
municipal
4
-
4
-
total
396
-
338
-
Employer
754
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
31
-
-
total
-
187
-
-
Dividends
-
463
-
-
withholding
-
120
-
-
total
-
120
-
-
Income
650
650
650
650
Total tax
396
307
338
303
After tax
254
343
312
347
Living cost
356
356
356
356
Free-cash
-102
-13
-44
-9

Estimated living cost  is £356 per week

£250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£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
£144
£264
-£131
£24
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
-
-
-
650
income
-
-
-
144
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
202
Employee
290
-
540
-
income
40
-
89
-
health
33
-
62
-
pensions
33
-
61
-
total
106
-
212
-
Employer
290
-
540
-
unemployment
7
-
13
-
pensions
47
-
88
-
accident
5
-
9
-
total
59
-
110
-
Corporate
301
650
-
-
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.

271
585
-
-
total
271
585
-
-
Dividends
30
65
-
-
withholding
6
12
-
-
total
6
12
-
-
Income
650
650
650
650
Total tax
442
597
322
202
After tax
208
53
328
448
Living cost
184
184
184
184
Free-cash
24
-131
144
264

Estimated living cost  is £184 per week

£135
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
£141
£107
-£7
£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.

-
-
-
650
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.

-
-
-
98
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
-
-
-
34
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
-
-
-
198
Employee

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

445
-
650
-
income

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

37
-
98
-
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
-
5
-
total
100
-
164
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
205
650
-
-
chamber of commerce
2
2
-
-
income
31
97
-
-
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
29
93
-
-
total
64
197
-
-
Dividends
141
452
-
-
withholding
32
109
-
-
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
6
-
-
total
34
115
-
-
Income
650
650
650
650
Total tax
198
312
164
198
After tax
452
338
486
452
Living cost
345
345
345
345
Free-cash
107
-7
141
107

Estimated living cost  is £345 per week

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

Additional information

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

Riga , Latvia
£183
£339
£334
£260
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.

-
-
-
650
microenterprise
-
-
-
97
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
-
-
-
125
Employee
261
-
524
-
income
47
-
97
-
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
-
58
-
surtax
-
-
-
-
total
76
-
155
-
Employer
261
-
524
-
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
-
126
-
surtax
-
-
-
-
total
63
-
126
-
Corporate
326
650
-
-
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%.

65
130
-
-
total
65
130
-
-
Dividends

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

261
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
204
130
281
125
After tax
446
520
369
525
Living cost
186
186
186
186
Free-cash
260
334
183
339

Estimated living cost  is £186 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£231
£238
£290
£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
-
-
-
650
income
-
-
-
150
health
-
-
-
61
pensions
-
-
-
85
total
-
-
-
296
Employee
177
-
555
-
income
34
-
145
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
208
-
Employer
177
-
555
-
unemployment
4
-
8
-
pensions
19
-
47
-
health
17
-
40
-
total
40
-
95
-
Corporate
434
650
-
-
income
95
143
-
-
total
95
143
-
-
Dividends
338
507
-
-
withholding
68
101
-
-
total
68
101
-
-
Income
650
650
650
650
Total tax
264
244
303
296
After tax
386
406
347
354
Living cost
116
116
116
116
Free-cash
270
290
231
238

Estimated living cost  is £116 per week

£69
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.
Adjust living cost Show details
Athens , Greece
£140
£155
£208
£179
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
-
-
-
650
income
-
-
-
106
health
-
-
-
46
unemployment
-
-
-
2
surtax
-
-
-
10
pensions
-
-
-
130
other
-
-
-
-
total
-
-
-
294
Employee
301
-
537
-
other
-
-
-
-
income
50
-
100
-
health
8
-
14
-
unemployment
21
-
37
-
surtax
1
-
9
-
pensions
20
-
36
-
total
100
-
196
-
Employer
301
-
537
-
unemployment
10
-
17
-
pensions
40
-
72
-
other
-
-
-
-
health
14
-
24
-
total
64
-
113
-
Corporate
285
650
-
-
income
74
169
-
-
total
74
169
-
-
Dividends
211
481
-
-
withholding
32
72
-
-
total
32
72
-
-
Income
650
650
650
650
Total tax
270
241
309
294
After tax
380
409
341
356
Living cost
201
201
201
201
Free-cash
179
208
140
155

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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Graz , Austria
-£57
£65
£84
£78
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
-
-
-
650
income
-
-
-
72
chamber of commerce
-
-
-
3
health
-
-
-
50
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
120
total
-
-
-
300
Employee
391
356
505
-
other
4
4
5
-
income
35
26
67
-
health
15
14
20
-
unemployment
12
11
15
-
pensions
40
36
52
-
total
106
91
159
-
Employer
391
356
505
-
unemployment
12
11
15
-
chamber of commerce
2
1
2
-
pensions
49
45
63
-
payroll
12
11
15
-
other
19
17
24
-
surtax
-
-
-
-
accident