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

Dresden , Germany
£66
£160
£180
£218
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
trade
-
-
-
38
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.

-
-
-
101
health

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

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

-
-
-
60
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.

-
-
-
6
total
-
-
-
205
Employee

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

334
-
650
-
health

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

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

60
-
60
-
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
-
6
-
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
-
101
-
total
70
-
167
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
316
650
-
-
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
-
-
income
47
97
-
-
trade
50
102
-
-
chamber of commerce
2
2
-
-
total
102
206
-
-
Dividends
214
443
-
-
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
-
-
withholding
50
107
-
-
total
53
113
-
-
Income
650
650
650
650
Total tax
225
319
167
205
After tax
425
331
483
445
Living cost
265
265
265
265
Free-cash
160
66
218
180

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£35
-£95
-£42
-£36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
municipal
-
-
-
65
pensions
-
-
-
78
national
-
-
-
101
social contributions
-
-
-
7
total
-
-
-
251
Employee
684
-
562
-
municipal
84
-
67
-
pensions
27
-
22
-
national
131
-
105
-
total
242
-
194
-
Employer
684
-
562
-
social contributions
7
-
6
-
pensions
55
-
45
-
total
62
-
51
-
Corporate
-
650
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
130
-
-
total
-
130
-
-
Dividends
-
520
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
304
244
245
251
After tax
346
406
405
399
Living cost
441
441
441
441
Free-cash
-95
-35
-36
-42

Estimated living cost  is £441 per week

£300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£338
£266
£343
£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
28
total
-
-
-
125
Employee
255
-
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.

28
-
58
-
surtax
-
-
-
-
income
45
-
97
-
total
73
-
155
-
Employer
255
-
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.

62
-
126
-
surtax
-
-
-
-
total
62
-
126
-
Corporate
333
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%.

67
130
-
-
total
67
130
-
-
Dividends

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

266
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
202
130
281
125
After tax
448
520
369
525
Living cost
182
182
182
182
Free-cash
266
338
187
343

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£168
-£218
£5
-£218
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
-
-
-
85
pensions
-
-
-
102
health
-
-
-
92
total
-
-
-
279
Employee
747
747
747
-
health
115
97
115
-
income

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

122
122
122
-
pensions
134
102
134
-
total
371
321
371
-
Employer
747
747
747
-
unemployment
27
27
27
-
pensions
52
52
52
-
health
52
52
52
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
502
452
502
279
After tax
148
198
148
371
Living cost
366
366
366
366
Free-cash
-218
-168
-218
5

Estimated living cost  is £366 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£16
£8
-£16
£10
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
municipal
-
-
-
138
accident
-
-
-
1
pensions
-
-
-
70
other
-
-
-
76
unemployment
-
-
-
1
health
-
-
-
41
national
-
-
-
-
total
-
-
-
327
Employee
483
-
495
-
municipal
144
-
147
-
national
-
-
-
-
total
144
-
147
-
Employer
483
-
495
-
accident
1
-
1
-
other
56
-
57
-
unemployment
13
-
13
-
pensions
52
-
53
-
health
30
-
30
-
total
152
-
154
-
Corporate
15
650
-
-
income
3
143
-
-
total
3
143
-
-
Dividends
12
507
-
-
withholding
4
152
-
-
total
4
152
-
-
Income
650
650
650
650
Total tax
303
295
301
327
After tax
347
355
349
323
Living cost
339
339
339
339
Free-cash
8
16
10
-16

Estimated living cost  is £339 per week

£225
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.
£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

Source of data for Stockholm model

Close
Hamburg , Germany
-£16
£105
£100
£140
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
trade
-
-
-
40
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.

-
-
-
101
health

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

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

-
-
-
60
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.

-
-
-
6
total
-
-
-
207
Employee

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

443
-
650
-
health

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

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

60
-
60
-
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
-
income

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

38
-
101
-
total
100
-
167
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
207
650
-
-
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
-
-
income
31
97
-
-
trade
34
107
-
-
chamber of commerce
2
2
-
-
total
69
211
-
-
Dividends
138
438
-
-
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
-
-
withholding
31
106
-
-
total
33
112
-
-
Income
650
650
650
650
Total tax
202
323
167
207
After tax
448
327
483
443
Living cost
343
343
343
343
Free-cash
105
-16
140
100

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£169
£156
£203
£182
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
-
-
-
45
health
-
-
-
17
social contributions
-
-
-
101
total
-
-
-
163
Employee
672
672
672
-
social contributions
33
56
49
-
health
7
11
10
-
income
71
62
65
-
total
111
129
124
-
Employer
672
672
672
-
social contributions
33
56
49
-
health
7
12
11
-
total
40
68
60
-
Corporate
217
-
-
-
income
27
-
-
-
total
27
-
-
-
Dividends
190
-
-
-
withholding
32
-
-
-
total
32
-
-
-
Income
650
650
650
650
Total tax
210
197
184
163
After tax
440
453
466
487
Living cost
284
284
284
284
Free-cash
156
169
182
203

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£208
£211
£291
£219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
79
pensions
-
-
-
65
unemployment
-
-
-
10
health
-
-
-
46
total
-
-
-
200
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

229
91
544
-
health
16
6
38
-
income
28
11
66
-
pensions
23
9
54
-
unemployment
3
1
8
-
total
70
27
166
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

229
91
544
-
pensions
45
18
106
-
total
45
18
106
-
Corporate
376
541
-
-
income
34
49
-
-
total
34
49
-
-
Dividends
342
492
-
-
social contributions
66
95
-
-
withholding
65
94
-
-
total
131
189
-
-
Income
650
650
650
650
Total tax
280
283
272
200
After tax
370
367
378
450
Living cost
159
159
159
159
Free-cash
211
208
219
291

Estimated living cost  is £159 per week

£108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£309
£254
£137
£163
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
-
-
-
87
pensions
-
-
-
130
health
-
-
-
85
total
-
-
-
302
Employee
248
-
486
-
income
28
-
94
-
pensions
5
-
10
-
unemployment
4
-
8
-
total
37
-
112
-
Employer
248
-
486
-
unemployment
2
-
4
-
pensions
50
-
97
-
health
32
-
63
-
total
84
-
164
-
Corporate
318
650
-
-
income
64
130
-
-
total
64
130
-
-
Dividends
255
520
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
185
130
276
302
After tax
465
520
374
348
Living cost
211
211
211
211
Free-cash
254
309
163
137

Estimated living cost  is £211 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£139
£24
£256
£138
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
accident
-
-
-
2
income
-
-
-
142
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
202
Employee
302
-
540
-
health
35
-
62
-
income
41
-
87
-
pensions
34
-
61
-
total
110
-
210
-
Employer
302
-
540
-
accident
5
-
9
-
unemployment
7
-
13
-
pensions
49
-
88
-
total
61
-
110
-
Corporate
287
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.

258
585
-
-
total
258
585
-
-
Dividends
29
65
-
-
withholding
5
12
-
-
total
5
12
-
-
Income
650
650
650
650
Total tax
434
597
320
202
After tax
216
53
330
448
Living cost
192
192
192
192
Free-cash
24
-139
138
256

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£538
£523
£564
£441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
99
-
650
-
income
20
-
130
-
total
20
-
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%.

551
650
-
-
total
-
-
-
-
Dividends
551
650
-
-
withholding
28
33
-
-
total
28
33
-
-
Income
650
650
650
650
Total tax
48
33
130
7
After tax
602
617
520
643
Living cost
79
79
79
79
Free-cash
523
538
441
564

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£245
£186
£118
£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
income
-
-
-
83
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
health
-
-
-
29
total
-
-
-
299
Employee
317
-
519
-
health
4
-
7
-
income
55
-
89
-
pensions

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

22
-
36
-
unemployment
3
-
5
-
total
84
-
137
-
Employer
317
-
519
-
accident
3
-
4
-
other
16
-
26
-
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.

54
-
88
-
health
4
-
7
-
total
80
-
130
-
Corporate
253
650
-
-
income
53
136
-
-
total
53
136
-
-
Dividends
200
514
-
-
withholding
14
36
-
-
total
14
36
-
-
Income
650
650
650
650
Total tax
231
172
267
299
After tax
419
478
383
351
Living cost
233
233
233
233
Free-cash
186
245
150
118

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£97
-£291
-£99
-£170
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
826
-
576
-
health
14
-
8
-
income
149
-
104
-
pensions
80
-
50
-
total
243
-
162
-
Employer
826
-
576
-
pensions
98
-
63
-
health
16
-
11
-
total
114
-
74
-
Corporate
-
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.

-
124
-
-
total
-
124
-
-
Dividends
-
526
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
650
650
650
650
Total tax
357
163
236
165
After tax
293
487
414
485
Living cost
584
584
584
584
Free-cash
-291
-97
-170
-99

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£441
£400
£356
£372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
98
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
179
Employee
152
-
590
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
59
-
pensions

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

13
-
27
-
total
37
-
103
-
Employer
152
-
590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
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
-
health
10
-
21
-
total
30
-
60
-
Corporate
468
650
-
-
income
47
65
-
-
total
47
65
-
-
Dividends
422
585
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
650
650
650
650
Total tax
135
94
163
179
After tax
515
556
487
471
Living cost
115
115
115
115
Free-cash
400
441
372
356

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£287
-£301
-£114
-£337
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
-
-
-
85
pensions
-
-
-
102
health
-
-
-
92
total
-
-
-
279
Employee
810
747
747
-
health
101
97
115
-
income

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

122
122
122
-
pensions
102
102
134
-
total
325
321
371
-
Employer
810
747
747
-
unemployment
29
27
27
-
pensions
56
52
52
-
health
56
52
52
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
466
452
502
279
After tax
184
198
148
371
Living cost
485
485
485
485
Free-cash
-301
-287
-337
-114

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£239
£163
£107
£121
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
health
-
-
-
88
solidarity contribution
-
-
-
-
social contributions
-
-
-
190
total
-
-
-
334
Employee
307
-
485
-
social contributions
20
-
32
-
health
42
-
65
-
solidarity contribution
-
-
-
-
income
37
-
58
-
total
99
-
155
-
Employer
307
-
485
-
social contributions
77
-
121
-
health
28
-
44
-
total
105
-
165
-
Corporate
238
650
-
-
income
45
123
-
-
total
45
123
-
-
Dividends
193
527
-
-
withholding
29
79
-
-
total
29
79
-
-
Income
650
650
650
650
Total tax
278
202
320
334
After tax
372
448
330
316
Living cost
209
209
209
209
Free-cash
163
239
121
107

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£22
-£127
-£19
-£53
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
-
-
-
7
national
-
-
-
122
social contributions
-
-
-
167
total
-
-
-
300
Employee
777
-
650
-
social contributions
262
-
219
-
regional
7
-
6
-
municipal
4
-
3
-
national
135
-
106
-
total
408
-
334
-
Employer
777
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
25
-
-
total
-
181
-
-
Dividends
-
469
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
650
650
650
650
Total tax
408
303
334
300
After tax
242
347
316
350
Living cost
369
369
369
369
Free-cash
-127
-22
-53
-19

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£216
£190
£162
£147
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
-
-
-
107
pensions
-
-
-
130
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
46
surtax
-
-
-
10
total
-
-
-
295
Employee
289
-
537
-
other
-
-
-
-
health
7
-
14
-
surtax
1
-
9
-
income
48
-
101
-
pensions
19
-
36
-
unemployment
20
-
37
-
total
95
-
197
-
Employer
289
-
537
-
other
-
-
-
-
unemployment
9
-
17
-
pensions
39
-
72
-
health
13
-
24
-
total
61
-
113
-
Corporate
300
650
-
-
income
78
169
-
-
total
78
169
-
-
Dividends
222
481
-
-
withholding
33
72
-
-
total
33
72
-
-
Income
650
650
650
650
Total tax
267
241
310
295
After tax
383
409
340
355
Living cost
193
193
193
193
Free-cash
190
216
147
162

Estimated living cost  is £193 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£88
£18
£86
£15
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
554
-
576
-
health
8
-
8
-
income
100
-
104
-
pensions
47
-
50
-
total
155
-
162
-
Employer
554
-
576
-
pensions
60
-
63
-
health
11
-
11
-
total
71
-
74
-
Corporate
26
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.

5
124
-
-
total
5
124
-
-
Dividends
21
526
-
-
withholding
2
39
-
-
total
2
39
-
-
Income
650
650
650
650
Total tax
233
163
236
165
After tax
417
487
414
485
Living cost
399
399
399
399
Free-cash
18
88
15
86

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£367
-£202
-£118
-£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
city
-
-
-
7
pensions
-
-
-
60
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
regional
-
-
-
18
health
-
-
-
2
national
-
-
-
3
total
-
-
-
103
Employee
778
-
582
-
city
8
-
6
-
regional
25
-
15
-
health
2
-
1
-
pensions
65
-
49
-
unemployment
-
-
-
-
national
4
-
2
-
total
104
-
73
-
Employer
778
-
582
-
other

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

16
-
12
-
unemployment
-
-
-
-
pensions
65
-
49
-
health
2
-
1
-
total
83
-
62
-
Corporate
-
650
-
-
regional
-
137
-
-
national
-
55
-
-
total
-
192
-
-
Dividends
-
457
-
-
withholding
-
160
-
-
total
-
160
-
-
Income
650
650
650
650
Total tax
187
352
135
103
After tax
463
298
515
547
Living cost
665
665
665
665
Free-cash
-202
-367
-150
-118

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
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.
£165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-£76
£64
£41
£83
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
trade
-
-
-
42
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.

-
-
-
101
health

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

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

-
-
-
60
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.

-
-
-
6
total
-
-
-
209
Employee

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

525
-
650
-
health

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

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

60
-
60
-
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
-
income

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

62
-
101
-
total
125
-
167
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
125
650
-
-
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
-
-
income
19
97
-
-
trade
21
111
-
-
chamber of commerce
2
2
-
-
total
43
215
-
-
Dividends
82
433
-
-
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
6
-
-
withholding
17
105
-
-
total
18
111
-
-
Income
650
650
650
650
Total tax
186
326
167
209
After tax
464
324
483
441
Living cost
400
400
400
400
Free-cash
64
-76
83
41

Estimated living cost  is £400 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£29
£80
£87
£90
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
pensions
-
-
-
183
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
264
Employee
374
-
495
-
social contributions
11
-
14
-
surtax
-
-
-
-
income
22
-
37
-
pensions
42
-
56
-
total
75
-
107
-
Employer
374
-
495
-
other
13
-
17
-
social contributions
1
-
1
-
unemployment
15
-
20
-
pensions
61
-
81
-
health
26
-
35
-
total
116
-
154
-
Corporate
159
650
-
-
surtax
-
-
-
-
income
45
182
-
-
total
45
182
-
-
Dividends
115
468
-
-
surtax
-
-
-
-
social contributions
20
80
-
-
withholding
15
60
-
-
total
35
140
-
-
Income
650
650
650
650
Total tax
271
322
261
264
After tax
379
328
389
386
Living cost
299
299
299
299
Free-cash
80
29
90
87

Estimated living cost  is £299 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£59
£106
£117
£120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
36
pensions
-
-
-
183
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
264
Employee
334
-
495
-
social contributions
10
-
14
-
surtax
-
-
-
-
income
17
-
37
-
pensions
38
-
56
-
total
65
-
107
-
Employer
334
-
495
-
other
12
-
17
-
social contributions
1
-
1
-
unemployment
14
-
20
-
pensions
55
-
81
-
health
23
-
35
-
total
105
-
154
-
Corporate
212
650
-
-
surtax
-
-
-
-
income
59
182
-
-
total
59
182
-
-
Dividends
152
468
-
-
surtax
-
-
-
-
social contributions
26
80
-
-
withholding
20
60
-
-
total
46
140
-
-
Income
650
650
650
650
Total tax
275
322
261
264
After tax
375
328
389
386
Living cost
269
269
269
269
Free-cash
106
59
120
117

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£212
£217
£233
£245
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
-
-
-
45
social contributions
-
-
-
90
total
-
-
-
232
Employee
296
-
650
-
social contributions
41
-
90
-
health
21
-
45
-
income
49
-
85
-
total
111
-
220
-
Employer
296
-
650
-
total
-
-
-
-
Corporate
354
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%.

18
32
-
-
total
18
32
-
-
Dividends
336
618
-
-
health
23
43
-
-
social contributions
46
85
-
-
withholding
50
93
-
-
total
119
221
-
-
Income
650
650
650
650
Total tax
248
253
220
232
After tax
402
397
430
418
Living cost
185
185
185
185
Free-cash
217
212
245
233

Estimated living cost  is £185 per week

£124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£61
£45
£39
-£83
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
chamber of commerce
-
-
-
3
income
-
-
-
74
pensions
-
-
-
120
unemployment
-
-
-
54
health
-
-
-
50
surtax
-
-
-
2
total
-
-
-
303
Employee
437
348
503
-
other
4
3
5
-
health
17
13
19
-
income
50
26
69
-
pensions
45
36
52
-
unemployment
13
10
15
-
total
129
88
160
-
Employer
437
348
503
-
accident
6
5
7
-
other
21
17
24
-
chamber of commerce
2
1
2
-
unemployment
13
10
15
-
surtax
2
2
2
-
pensions
55
44
63
-
payroll
13
10
15
-
health
17
13
19
-
total
129
102
147
-
Corporate
86
200
470
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

21
50
118
-
total
21
50
118
-
Dividends
64
150
-
-
withholding
18
41
-
-
total
18
41
-
-
Income
650
650
650
650
Total tax
297
281
425
303
After tax
353
369
225
347
Living cost
308
308
308
308
Free-cash
45
61
-83
39

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£46
-£156
£8
-£53
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
-
-
-
200
communal

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

-
-
-
34
social contributions
-
-
-
89
total
-
-
-
323
Employee

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

625
-
503
-
communal

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

33
-
26
-
health

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

29
-
24
-
pensions

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

47
-
38
-
unemployment

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

5
-
4
-
national
192
-
145
-
total
306
-
237
-
Employer

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

625
-
503
-
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
-
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
-
surtax
71
-
57
-
pensions

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

55
-
45
-
health

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

38
-
31
-
total
181
-
147
-
Corporate
-
650
-
-
surtax
-
3
-
-
income
-
130
-
-
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
487
285
384
323
After tax
163
365
266
327
Living cost
319
319
319
319
Free-cash
-156
46
-53
8

Estimated living cost  is £319 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£123
£53
£32
£38
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
accident
-
-
-
6
income
-
-
-
106
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
302
Employee
435
-
493
-
other
-
-
-
-
income
92
-
108
-
pensions
20
-
23
-
unemployment
7
-
8
-
total
119
-
139
-
Employer
435
-
493
-
accident
9
-
10
-
other
3
-
4
-
unemployment
24
-
27
-
pensions
103
-
116
-
total
139
-
157
-
Corporate
76
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.

11
97
-
-
total
11
97
-
-
Dividends
65
553
-
-
withholding
12
114
-
-
total
12
114
-
-
Income
650
650
650
650
Total tax
281
211
296
302
After tax
369
439
354
348
Living cost
316
316
316
316
Free-cash
53
123
38
32

Estimated living cost  is £316 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£71
-£91
-£60
-£48
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
6
income
-
-
-
42
pensions
-
-
-
104
health
-
-
-
49
surtax
-
-
-
34
communal
-
-
-
-
total
-
-
-
235
Employee
662
-
581
-
health
29
-
26
-
surtax
41
-
36
-
income
64
-
46
-
pensions
53
-
46
-
total
187
-
154
-
Employer
662
-
581
-
accident
6
-
5
-
pensions
53
-
46
-
health
20
-
18
-
total
79
-
69
-
Corporate
-
650
-
-
surtax
-
7
-
-
communal
-
44
-
-
income
-
97
-
-
total
-
148
-
-
Dividends
-
502
-
-
income
-
23
-
-
withholding
-
75
-
-
total
-
98
-
-
Income
650
650
650
650
Total tax
266
246
223
235
After tax
384
404
427
415
Living cost
475
475
475
475
Free-cash
-91
-71
-48
-60

Estimated living cost  is £475 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£213
£186
£159
£144
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
-
-
-
107
pensions
-
-
-
130
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
46
surtax
-
-
-
10
total
-
-
-
295
Employee
294
-
537
-
other
-
-
-
-
health
8
-
14
-
surtax
1
-
9
-
income
49
-
101
-
pensions
20
-
36
-
unemployment
20
-
37
-
total
98
-
197
-
Employer
294
-
537
-
other
-
-
-
-
unemployment
9
-
17
-
pensions
39
-
72
-
health
13
-
24
-
total
61
-
113
-
Corporate
294
650
-
-
income
76
169
-
-
total
76
169
-
-
Dividends
217
481
-
-
withholding
33
72
-
-
total
33
72
-
-
Income
650
650
650
650
Total tax
268
241
310
295
After tax
382
409
340
355
Living cost
196
196
196
196
Free-cash
186
213
144
159

Estimated living cost  is £196 per week

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

Source of data for Athens model

Close
Naples , Italy
£107
£86
£112
£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
municipal
-
-
-
4
regional
-
-
-
10
national
-
-
-
122
social contributions
-
-
-
167
total
-
-
-
303
Employee
485
-
650
-
social contributions
164
-
219
-
regional
7
-
9
-
municipal
3
-
3
-
national
77
-
106
-
total
251
-
337
-
Employer
485
-
650
-
total
-
-
-
-
Corporate
165
650
-
-
nationa
40
156
-
-
municipal
8
32
-
-
total
48
188
-
-
Dividends
117
462
-
-
withholding
30
120
-
-
total
30
120
-
-
Income
650
650
650
650
Total tax
329
308
337
303
After tax
321
342
313
347
Living cost
235
235
235
235
Free-cash
86
107
78
112

Estimated living cost  is £235 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£190
£98
£58
£72
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
health
-
-
-
88
solidarity contribution
-
-
-
-
social contributions
-
-
-
190
total
-
-
-
334
Employee
379
-
485
-
social contributions
25
-
32
-
health
51
-
65
-
solidarity contribution
-
-
-
-
income
45
-
58
-
total
121
-
155
-
Employer
379
-
485
-
social contributions
95
-
121
-
health
34
-
44
-
total
129
-
165
-
Corporate
142
650
-
-
income
27
123
-
-
total
27
123
-
-
Dividends
115
527
-
-
withholding
17
79
-
-
total
17
79
-
-
Income
650
650
650
650
Total tax
294
202
320
334
After tax
356
448
330
316
Living cost
258
258
258
258
Free-cash
98
190
72
58

Estimated living cost  is £258 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£91
£87
£70
-£53
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
chamber of commerce
-
-
-
3
income
-
-
-
74
pensions
-
-
-
120
unemployment
-
-
-
54
health
-
-
-
50
surtax
-
-
-
-
total
-
-
-
301
Employee
382
348
505
-
other
4
3
5
-
health
15
13
20
-
income
34
26
69
-
pensions
39
36
52
-
unemployment
11
10
15
-
total
103
88
161
-
Employer
382
348
505
-
accident
5
5
7
-
other
18
17
24
-
chamber of commerce
2
1
2
-
unemployment
11
10
15
-
surtax
-
-
-
-
pensions
48
44
63
-
payroll
11
10
15
-
health
14
13
19
-
total
109
100
145
-
Corporate
158
201
472
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

39
50
118
-
total
39
50
118
-
Dividends
118
151
-
-
withholding
33
42
-
-
total
33
42
-
-
Income
650
650
650
650
Total tax
284
280
424
301
After tax
366
370
226
349
Living cost
279
279
279
279
Free-cash
87
91
-53
70

Estimated living cost  is £279 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£494
£471
£520
£397
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
154
-
650
-
income
31
-
130
-
total
31
-
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%.

496
650
-
-
total
-
-
-
-
Dividends
496
650
-
-
withholding
25
33
-
-
total
25
33
-
-
Income
650
650
650
650
Total tax
56
33
130
7
After tax
594
617
520
643
Living cost
123
123
123
123
Free-cash
471
494
397
520

Estimated living cost  is £123 per week

£84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£213
£139
£112
£94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
120
pensions
-
-
-
119
unemployment
-
-
-
1
health
-
-
-
64
total
-
-
-
304
Employee

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

387
-
562
-
health
25
-
36
-
income
67
-
111
-
pensions
60
-
87
-
unemployment
1
-
1
-
total
153
-
235
-
Employer

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

387
-
562
-
unemployment
-
-
-
-
pensions
34
-
50
-
health
26
-
37
-
total
60
-
87
-
Corporate
203
650
-
-
income
39
124
-
-
total
39
124
-
-
Dividends
165
526
-
-
withholding
25
79
-
-
total
25
79
-
-
Income
650
650
650
650
Total tax
277
203
322
304
After tax
373
447
328
346
Living cost
234
234
234
234
Free-cash
139
213
94
112

Estimated living cost  is £234 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£16
-£661
£70
£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
-
-
-
650
income
-
-
-
127
social contributions
-
-
-
74
total
-
-
-
201
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
-
650
-
-
income
-
143
-
-
total
-
143
-
-
Dividends
-
507
-
-
income
-
112
-
-
total
-
112
-
-
Income
650
650
650
650
Total tax
932
255
115
201
After tax
-282
395
535
449
Living cost
379
379
379
379
Free-cash
-661
16
156
70

Estimated living cost  is £379 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£96
£87
£95
£70
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
-
-
-
55
surtax
-
-
-
-
social contributions

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

-
-
-
226
total
-
-
-
281
Employee
402
-
525
-
social contributions
44
-
58
-
surtax
-
-
-
-
income
84
-
123
-
total
128
-
181
-
Employer
402
-
525
-
social contributions
95
-
125
-
total
95
-
125
-
Corporate
152
650
-
-
surtax
-
-
-
-
income
32
136
-
-
total
32
136
-
-
Dividends
120
514
-
-
withholding
34
144
-
-
total
34
144
-
-
Income
650
650
650
650
Total tax
289
280
306
281
After tax
361
370
344
369
Living cost
274
274
274
274
Free-cash
87
96
70
95

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£94
-£69
-£36
-£33
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
36
pensions
-
-
-
183
other
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
19
total
-
-
-
264
Employee
548
-
495
-
social contributions
16
-
14
-
surtax
-
-
-
-
income
48
-
37
-
pensions
62
-
56
-
total
126
-
107
-
Employer
548
-
495
-
other
19
-
17
-
social contributions
2
-
1
-
unemployment
22
-
20
-
pensions
90
-
81
-
health
38
-
35
-
total
171
-
154
-
Corporate
-
650
-
-
surtax
-
-
-
-
income
-
182
-
-
total
-
182
-
-
Dividends
-
468
-
-
surtax
-
-
-
-
social contributions
-
80
-
-
withholding
-
60
-
-
total
-
140
-
-
Income
650
650
650
650
Total tax
297
322
261
264
After tax
353
328
389
386
Living cost
422
422
422
422
Free-cash
-69
-94
-33
-36

Estimated living cost  is £422 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£322
£292
£239
£257
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
-
-
-
5
social contributions
-
-
-
143
total
-
-
-
148
Employee
281
-
563
-
income
-
-
6
-
social contributions
18
-
37
-
total
18
-
43
-
Employer
281
-
563
-
social contributions
44
-
87
-
total
44
-
87
-
Corporate
325
650
-
-
income
33
65
-
-
total
33
65
-
-
Dividends
293
585
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
95
65
130
148
After tax
555
585
520
502
Living cost
263
263
263
263
Free-cash
292
322
257
239

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1254
-£1254
-£9
-£1254
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
-
-
-
113
pensions
-
-
-
8
national
-
-
-
66
labour market
-
-
-
51
total
-
-
-
238
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
650
650
650
650
Total tax
1 483
1 483
1 483
238
After tax
-833
-833
-833
412
Living cost
421
421
421
421
Free-cash
-1 254
-1 254
-1 254
-9

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£136
£24
£259
£141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
2
income
-
-
-
142
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
202
Employee
297
-
540
-
health
34
-
62
-
income
41
-
87
-
pensions
33
-
61
-
total
108
-
210
-
Employer
297
-
540
-
accident
5
-
9
-
unemployment
7
-
13
-
pensions
48
-
88
-
total
60
-
110
-
Corporate
292
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.

263
585
-
-
total
263
585
-
-
Dividends
29
65
-
-
withholding
6
12
-
-
total
6
12
-
-
Income
650
650
650
650
Total tax
437
597
320
202
After tax
213
53
330
448
Living cost
189
189
189
189
Free-cash
24
-136
141
259

Estimated living cost  is £189 per week

£138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£108
£71
£148
£52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
6
national
-
-
-
44
total
-
-
-
166
Employee
460
-
547
-
health
3
-
5
-
municipal
75
-
89
-
pensions
31
-
37
-
unemployment
7
-
8
-
national
8
-
19
-
total
124
-
158
-
Employer
460
-
547
-
accident
-
-
1
-
unemployment
3
-
4
-
pensions
80
-
95
-
health
4
-
4
-
total
87
-
104
-
Corporate
103
650
-
-
income
21
130
-
-
total
21
130
-
-
Dividends

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

62
390
-
-
national
-
6
-
-
municipal
11
70
-
-
total
11
76
-
-
Income
650
650
650
650
Total tax
243
206
262
166
After tax
407
444
388
484
Living cost
336
336
336
336
Free-cash
71
108
52
148

Estimated living cost  is £336 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£251
£228
£285
£264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
45
health
-
-
-
17
social contributions
-
-
-
101
total
-
-
-
163
Employee
672
672
672
-
social contributions
25
56
49
-
health
5
11
10
-
income
73
62
65
-
total
103
129
124
-
Employer
672
672
672
-
social contributions
25
56
49
-
health
6
12
11
-
total
31
68
60
-
Corporate
313
-
-
-
income
39
-
-
-
total
39
-
-
-
Dividends
274
-
-
-
withholding
47
-
-
-
total
47
-
-
-
Income
650
650
650
650
Total tax
220
197
184
163
After tax
430
453
466
487
Living cost
202
202
202
202
Free-cash
228
251
264
285

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£400
£354
£364
£264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
650
income
-
-
-
59
pensions
-
-
-
56
unemployment
-
-
-
-
health
-
-
-
32
total
-
-
-
147
Employee

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

201
-
589
-
health
17
-
50
-
income
14
-
46
-
pensions
30
-
88
-
unemployment
1
-
3
-
total
62
-
187
-
Employer

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

201
-
589
-
unemployment
1
-
3
-
pensions
11
-
32
-
health
9
-
25
-
total
21
-
60
-
Corporate
429
650
-
-
income
39
58
-
-
total
39
58
-
-
Dividends
390
592
-
-
withholding
35
53
-
-
total
35
53
-
-
Income
650
650
650
650
Total tax
157
111
247
147
After tax
493
539
403
503
Living cost
139
139
139
139
Free-cash
354
400
264
364

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£199
£153
£108
£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
accident
-
-
-
6
income
-
-
-
106
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
302
Employee
323
-
493
-
other
-
-
-
-
income
62
-
108
-
pensions
15
-
23
-
unemployment
5
-
8
-
total
82
-
139
-
Employer
323
-
493
-
accident
6
-
10
-
other
3
-
4
-
unemployment
18
-
27
-
pensions
76
-
116
-
total
103
-
157
-
Corporate
224
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.

34
97
-
-
total
34
97
-
-
Dividends
190
553
-
-
withholding
38
114
-
-
total
38
114
-
-
Income
650
650
650
650
Total tax
257
211
296
302
After tax
393
439
354
348
Living cost
240
240
240
240
Free-cash
153
199
114
108

Estimated living cost  is £240 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£382
£379
£385
£382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
income
-
-
-
211
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
241
Employee
36
-
630
-
health
2
-
4
-
income
7
-
211
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
224
-
Employer
36
-
630
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
605
650
-
-
income
133
143
-
-
total
133
143
-
-
Dividends
472
507
-
-
withholding
94
101
-
-
total
94
101
-
-
Income
650
650
650
650
Total tax
247
244
244
241
After tax
403
406
406
409
Living cost
24
24
24
24
Free-cash
379
382
382
385

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
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.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£318
£275
£165
£190
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
-
-
-
89
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
334
Employee

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

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

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

228
-
551
-
health
12
-
28
-
income
31
-
102
-
pensions
32
-
77
-
unemployment
2
-
4
-
total
77
-
211
-
Employer

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

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

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

228
-
551
-
unemployment
2
-
4
-
pensions
27
-
66
-
health
12
-
28
-
total
41
-
98
-
Corporate
381
650
-
-
income
57
98
-
-
total
57
98
-
-
Dividends
324
552
-
-
withholding
49
83
-
-
total
49
83
-
-
Income
650
650
650
650
Total tax
224
181
309
334
After tax
426
469
341
316
Living cost
151
151
151
151
Free-cash
275
318
190
165

Estimated living cost  is £151 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£134
£131
£133
£108
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
-
-
-
55
surtax
-
-
-
-
social contributions

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

-
-
-
226
total
-
-
-
281
Employee
339
-
525
-
social contributions
37
-
58
-
surtax
-
-
-
-
income
66
-
123
-
total
103
-
181
-
Employer
339
-
525
-
social contributions
81
-
125
-
total
81
-
125
-
Corporate
230
650
-
-
surtax
-
-
-
-
income
48
136
-
-
total
48
136
-
-
Dividends
182
514
-
-
withholding
51
144
-
-
total
51
144
-
-
Income
650
650
650
650
Total tax
283
280
306
281
After tax
367
370
344
369
Living cost
236
236
236
236
Free-cash
131
134
108
133

Estimated living cost  is £236 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£132
£65
£41
£47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
6
income
-
-
-
106
pensions
-
-
-
184
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
302
Employee
422
-
493
-
other
-
-
-
-
income
88
-
108
-
pensions
20
-
23
-
unemployment
7
-
8
-
total
115
-
139
-
Employer
422
-
493
-
accident
8
-
10
-
other
3
-
4
-
unemployment
23
-
27
-
pensions
100
-
116
-
total
134
-
157
-
Corporate
93
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.

14
97
-
-
total
14
97
-
-
Dividends
79
553
-
-
withholding
15
114
-
-
total
15
114
-
-
Income
650
650
650
650
Total tax
278
211
296
302
After tax
372
439
354
348
Living cost
307
307
307
307
Free-cash
65
132
47
41

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£406
£353
£321
£337
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
-
-
-
98
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
179
Employee
199
-
590
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
59
-
pensions

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

17
-
27
-
total
48
-
103
-
Employer
199
-
590
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
412
650
-
-
income
41
65
-
-
total
41
65
-
-
Dividends
371
585
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
650
650
650
650
Total tax
147
94
163
179
After tax
503
556
487
471
Living cost
150
150
150
150
Free-cash
353
406
337
321

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-£1
£111
£110
£146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
650
trade
-
-
-
35
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.

-
-
-
101
health

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

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

-
-
-
60
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.

-
-
-
6
total
-
-
-
202
Employee

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

435
-
650
-
health

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

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

60
-
60
-
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
-
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
-
101
-
total
98
-
167
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
215
650
-
-
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
-
-
income
32
97
-
-
trade
31
93
-
-
chamber of commerce
2
2
-
-
total
67
197
-
-
Dividends
149
452
-
-
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
-
-
withholding
34
110
-
-
total
36
116
-
-
Income
650
650
650
650
Total tax
201
313
167
202
After tax
449
337
483
448
Living cost
338
338
338
338
Free-cash
111
-1
146
110

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-£43
-£34
-£17
-£17
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
-
-
-
116
social contributions
-
-
-
53
total
-
-
-
169
Employee
684
-
650
-
income
129
-
116
-
social contributions
57
-
53
-
total
186
-
169
-
Employer
684
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
income
-
81
-
-
total
-
81
-
-
Dividends
-
569
-
-
withholding
-
114
-
-
total
-
114
-
-
Income
650
650
650
650
Total tax
186
195
169
169
After tax
464
455
481
481
Living cost
498
498
498
498
Free-cash
-34
-43
-17
-17

Estimated living cost  is £498 per week

£379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
£59
£110
£25
£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
650
income
-
-
-
249
health

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

-
-
-
59
total
-
-
-
308
Employee
401
-
610
-
income
44
-
96
-
social contributions
40
-
40
-
total
84
-
136
-
Employer
401
-
610
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
209
650
-
-
income
73
228
-
-
total
73
228
-
-
Dividends
136
422
-
-
social contributions
26
46
-
-
total
26
46
-
-
Income
650
650
650
650
Total tax
223
274
176
308
After tax
427
376
474
342
Living cost
317
317
317
317
Free-cash
110
59
157
25

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£163
£114
£161
£90
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
-
health
6
-
8
-
income
81
-
104
-
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.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£155
£21
£240
£122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
accident
-
-
-
2
income
-
-
-
142
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
202
Employee
327
-
540
-
health
37
-
62
-
income
45
-
87
-
pensions
37
-
61
-
total
119
-
210
-
Employer
327
-
540
-
accident
5
-
9
-
unemployment
8
-
13
-
pensions
53
-
88
-
total
66
-
110
-
Corporate
257
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.

231
585
-
-
total
231
585
-
-
Dividends
26
65
-
-
withholding
5
12
-
-
total
5
12
-
-
Income
650
650
650
650
Total tax
421
597
320
202
After tax
229
53
330
448
Living cost
208
208
208
208
Free-cash
21
-155
122
240

Estimated living cost  is £208 per week

£152
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£434
£392
£259
£259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
650
work injury
-
-
-
3
health insurance
-
-
-
48
income
-
-
-
94
pensions
-
-
-
120
unemployment
-
-
-
8
total
-
-
-
273
Employee

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

189
-
650
-
work injury
1
-
3
-
income
19
-
94
-
pensions
35
-
120
-
health insurance
14
-
48
-
unemployment
2
-
8
-
total
71
-
273
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
461
650
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
461
650
-
-
withholding
69
98
-
-
total
69
98
-
-
Income
650
650
650
650
Total tax
140
98
273
273
After tax
510
552
377
377
Living cost
118
118
118
118
Free-cash
392
434
259
259

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-£5
-£85
-£2
-£36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
650
municipal
-
-
-
4
regional
-
-
-
11
national
-
-
-
122
social contributions
-
-
-
167
total
-
-
-
304
Employee
737
-
650
-
social contributions
248
-
219
-
regional
11
-
9
-
municipal
4
-
4
-
national
124
-
106
-
total
387
-
338
-
Employer
737
-
650
-
total
-
-
-
-
Corporate
-
650
-
-
nationa
-
156
-
-
municipal
-
31
-
-
total
-
187
-
-
Dividends
-
463
-
-
withholding
-
120
-
-
total
-
120
-
-
Income
650
650
650
650
Total tax
387
307
338
304
After tax
263
343
312
346
Living cost
348
348
348
348
Free-cash
-85
-5
-36
-2

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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