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
£ 700
per

Your estimated
City
free-cash

Dresden , Germany
£181
£85
£247
£202
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.

-
-
-
700
trade
-
-
-
45
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.

-
-
-
116
health

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

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

-
-
-
61
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
-
-
-
228
Employee

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

340
-
700
-
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
-
health

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

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

61
-
61
-
income

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

10
-
116
-
total
72
-
183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
360
700
-
-
trade
57
110
-
-
income
54
105
-
-
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
-
-
chamber of commerce
2
2
-
-
total
116
223
-
-
Dividends
244
477
-
-
withholding
58
116
-
-
surtax

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

3
6
-
-
total
61
122
-
-
Income
700
700
700
700
Total tax
249
345
183
228
After tax
451
355
517
472
Living cost
270
270
270
270
Free-cash
181
85
247
202

Estimated living cost  is £270 per week

£170
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£69
-£18
-£20
-£26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
8
pensions
-
-
-
84
municipal
-
-
-
70
national
-
-
-
109
total
-
-
-
271
Employee
705
-
605
-
national
135
-
113
-
municipal
87
-
73
-
pensions
28
-
24
-
total
250
-
210
-
Employer
705
-
605
-
pensions
56
-
48
-
social contributions
8
-
7
-
total
64
-
55
-
Corporate
-
700
-
-
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%.

-
140
-
-
total
-
140
-
-
Dividends
-
560
-
-
withholding
-
123
-
-
total
-
123
-
-
Income
700
700
700
700
Total tax
314
263
265
271
After tax
386
437
435
429
Living cost
455
455
455
455
Free-cash
-69
-18
-20
-26

Estimated living cost  is £455 per week

£309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£302
£375
£212
£191
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.

-
-
-
700
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.

-
-
-
225
income
-
-
-
99
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
324
Employee
260
-
564
-
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.

29
-
62
-
income
46
-
105
-
total
75
-
167
-
Employer
260
-
564
-
social contributions

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

63
-
136
-
surtax
-
-
-
-
total
63
-
136
-
Corporate
377
700
-
-
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%.

75
140
-
-
total
75
140
-
-
Dividends

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

302
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
213
140
303
324
After tax
487
560
397
376
Living cost
185
185
185
185
Free-cash
302
375
212
191

Estimated living cost  is £185 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£184
-£133
-£184
£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
102
pensions
-
-
-
104
health
-
-
-
96
total
-
-
-
302
Employee
760
760
760
-
health
117
99
117
-
pensions
137
104
137
-
income

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

124
124
124
-
total
378
327
378
-
Employer
760
760
760
-
pensions
53
53
53
-
unemployment
27
27
27
-
health
53
53
53
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
511
460
511
302
After tax
189
240
189
398
Living cost
373
373
373
373
Free-cash
-184
-133
-184
25

Estimated living cost  is £373 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£6
£14
£5
-£19
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
-
-
-
700
other
-
-
-
81
unemployment
-
-
-
1
pensions
-
-
-
76
municipal
-
-
-
148
accident
-
-
-
1
national
-
-
-
-
health
-
-
-
44
total
-
-
-
351
Employee
524
-
533
-
national
-
-
-
-
municipal
156
-
159
-
total
156
-
159
-
Employer
524
-
533
-
other
61
-
62
-
accident
1
-
1
-
pensions
57
-
58
-
unemployment
14
-
14
-
health
32
-
33
-
total
165
-
168
-
Corporate
11
700
-
-
income
2
154
-
-
total
2
154
-
-
Dividends
9
546
-
-
withholding
3
164
-
-
total
3
164
-
-
Income
700
700
700
700
Total tax
326
318
327
351
After tax
374
382
373
349
Living cost
368
368
368
368
Free-cash
6
14
5
-19

Estimated living cost  is £368 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£126
£1
£167
£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

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

-
-
-
700
trade
-
-
-
47
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.

-
-
-
116
health

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

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

-
-
-
61
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
-
-
-
230
Employee

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

451
-
700
-
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
-
health

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

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

61
-
61
-
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.

39
-
116
-
total
102
-
183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
249
700
-
-
trade
41
115
-
-
income
37
105
-
-
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
-
-
chamber of commerce
2
2
-
-
total
82
228
-
-
Dividends
167
472
-
-
withholding
38
115
-
-
surtax

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

2
6
-
-
total
40
121
-
-
Income
700
700
700
700
Total tax
224
349
183
230
After tax
476
351
517
470
Living cost
350
350
350
350
Free-cash
126
1
167
120

Estimated living cost  is £350 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£189
£209
£217
£230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
109
income
-
-
-
54
health
-
-
-
18
total
-
-
-
181
Employee
684
684
684
-
health
7
12
11
-
social contributions
33
57
53
-
income
72
63
65
-
total
112
132
129
-
Employer
684
684
684
-
social contributions
33
57
53
-
health
7
13
12
-
total
40
70
65
-
Corporate
259
-
-
-
income
32
-
-
-
total
32
-
-
-
Dividends
226
-
-
-
withholding
38
-
-
-
total
38
-
-
-
Income
700
700
700
700
Total tax
222
202
194
181
After tax
478
498
506
519
Living cost
289
289
289
289
Free-cash
189
209
217
230

Estimated living cost  is £289 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£232
£230
£240
£320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
unemployment
-
-
-
10
income
-
-
-
86
pensions
-
-
-
70
health
-
-
-
49
total
-
-
-
215
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.

239
95
586
-
unemployment
4
1
9
-
health
17
7
41
-
pensions
24
9
59
-
income
29
12
72
-
total
74
29
181
-
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.

239
95
586
-
pensions
47
19
114
-
total
47
19
114
-
Corporate
415
587
-
-
income
37
53
-
-
total
37
53
-
-
Dividends
378
534
-
-
withholding
72
101
-
-
social contributions
73
103
-
-
total
145
204
-
-
Income
700
700
700
700
Total tax
303
305
295
215
After tax
397
395
405
485
Living cost
165
165
165
165
Free-cash
232
230
240
320

Estimated living cost  is £165 per week

£113
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.
£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 Budapest model

Close
Tallinn , Estonia
£290
£345
£189
£160
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
-
-
-
700
income
-
-
-
94
pensions
-
-
-
140
health
-
-
-
91
total
-
-
-
325
Employee
253
-
523
-
unemployment
4
-
8
-
pensions
5
-
10
-
income
28
-
101
-
total
37
-
119
-
Employer
253
-
523
-
pensions
51
-
105
-
unemployment
2
-
4
-
health
33
-
68
-
total
86
-
177
-
Corporate
362
700
-
-
income
72
140
-
-
total
72
140
-
-
Dividends
290
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
195
140
296
325
After tax
505
560
404
375
Living cost
215
215
215
215
Free-cash
290
345
189
160

Estimated living cost  is £215 per week

£147
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
£26
-£143
£154
£282
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
-
-
-
700
other
-
-
-
3
income
-
-
-
155
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
218
Employee
314
-
581
-
health
36
-
67
-
pensions
35
-
65
-
income
43
-
95
-
total
114
-
227
-
Employer
314
-
581
-
accident
5
-
10
-
pensions
51
-
95
-
unemployment
8
-
14
-
total
64
-
119
-
Corporate
322
700
-
-
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.

290
630
-
-
total
290
630
-
-
Dividends
32
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
474
643
346
218
After tax
226
57
354
482
Living cost
200
200
200
200
Free-cash
26
-143
154
282

Estimated living cost  is £200 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£580
£593
£488
£621
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%.

-
-
-
700
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
90
-
700
-
income
18
-
140
-
total
18
-
140
-
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%.

610
700
-
-
total
-
-
-
-
Dividends
610
700
-
-
withholding
30
35
-
-
total
30
35
-
-
Income
700
700
700
700
Total tax
48
35
140
7
After tax
652
665
560
693
Living cost
72
72
72
72
Free-cash
580
593
488
621

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
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
£216
£277
£173
£142
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
-
-
-
700
other
-
-
-
33
income
-
-
-
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.

-
-
-
168
health
-
-
-
31
total
-
-
-
321
Employee
323
-
559
-
unemployment
3
-
6
-
health
5
-
8
-
pensions

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

23
-
39
-
income
56
-
96
-
total
87
-
149
-
Employer
323
-
559
-
other
16
-
28
-
accident
3
-
4
-
pensions

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

55
-
95
-
unemployment
3
-
6
-
health
5
-
8
-
total
82
-
141
-
Corporate
295
700
-
-
income
62
147
-
-
total
62
147
-
-
Dividends
233
553
-
-
withholding
16
39
-
-
total
16
39
-
-
Income
700
700
700
700
Total tax
247
186
290
321
After tax
453
514
410
379
Living cost
237
237
237
237
Free-cash
216
277
173
142

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£241
-£60
-£140
-£62
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
826
-
619
-
health
14
-
9
-
pensions
80
-
55
-
income
149
-
111
-
total
243
-
175
-
Employer
826
-
619
-
pensions
98
-
69
-
health
16
-
12
-
total
114
-
81
-
Corporate
-
700
-
-
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.

-
133
-
-
total
-
133
-
-
Dividends
-
567
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
700
700
700
700
Total tax
357
176
256
178
After tax
343
524
444
522
Living cost
584
584
584
584
Free-cash
-241
-60
-140
-62

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
£439
£482
£415
£395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
unemployment
-
-
-
1
income
-
-
-
105
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
188
Employee
154
-
639
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

14
-
27
-
income
15
-
64
-
total
38
-
108
-
Employer
154
-
639
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
515
700
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
464
630
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
700
700
700
700
Total tax
144
101
168
188
After tax
556
599
532
512
Living cost
117
117
117
117
Free-cash
439
482
415
395

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£269
-£254
-£305
-£96
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
-
-
-
700
income
-
-
-
102
pensions
-
-
-
104
health
-
-
-
96
total
-
-
-
302
Employee
825
760
760
-
health
103
99
117
-
pensions
104
104
137
-
income

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

124
124
124
-
total
331
327
378
-
Employer
825
760
760
-
pensions
57
53
53
-
unemployment
30
27
27
-
health
57
53
53
-
total
144
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
475
460
511
302
After tax
225
240
189
398
Living cost
494
494
494
494
Free-cash
-269
-254
-305
-96

Estimated living cost  is £494 per week

£364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£182
£260
£132
£119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
204
income
-
-
-
60
health
-
-
-
95
solidarity contribution
-
-
-
-
total
-
-
-
359
Employee
326
-
522
-
solidarity contribution
-
-
-
-
health
44
-
71
-
social contributions
21
-
34
-
income
39
-
63
-
total
104
-
168
-
Employer
326
-
522
-
social contributions
81
-
131
-
health
29
-
47
-
total
110
-
178
-
Corporate
263
700
-
-
income
50
133
-
-
total
50
133
-
-
Dividends
213
567
-
-
withholding
32
85
-
-
total
32
85
-
-
Income
700
700
700
700
Total tax
296
218
346
359
After tax
404
482
354
341
Living cost
222
222
222
222
Free-cash
182
260
132
119

Estimated living cost  is £222 per week

£154
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 Brno model

Close
Milan , Italy
-£91
-£2
-£37
-£2
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
regional
-
-
-
7
social contributions
-
-
-
180
municipal
-
-
-
4
national
-
-
-
135
total
-
-
-
326
Employee
791
-
700
-
national
137
-
115
-
regional
7
-
6
-
municipal
4
-
4
-
social contributions
267
-
236
-
total
415
-
361
-
Employer
791
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
27
-
-
total
-
195
-
-
Dividends
-
505
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
700
700
700
700
Total tax
415
326
361
326
After tax
285
374
339
374
Living cost
376
376
376
376
Free-cash
-91
-2
-37
-2

Estimated living cost  is £376 per week

£262
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.
£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.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£218
£244
£169
£183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
117
pensions
-
-
-
140
health
-
-
-
50
surtax
-
-
-
12
total
-
-
-
321
Employee
294
-
578
-
surtax
1
-
10
-
unemployment
20
-
40
-
other
-
-
-
-
health
8
-
15
-
pensions
20
-
39
-
income
49
-
110
-
total
98
-
214
-
Employer
294
-
578
-
other
-
-
-
-
pensions
39
-
77
-
unemployment
9
-
18
-
health
13
-
26
-
total
61
-
121
-
Corporate
344
700
-
-
income
89
182
-
-
total
89
182
-
-
Dividends
254
518
-
-
withholding
38
78
-
-
total
38
78
-
-
Income
700
700
700
700
Total tax
286
260
335
321
After tax
414
440
365
379
Living cost
196
196
196
196
Free-cash
218
244
169
183

Estimated living cost  is £196 per week

£120
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£56
£125
£45
£123
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
-
-
-
700
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
554
-
619
-
health
8
-
9
-
pensions
47
-
55
-
income
100
-
111
-
total
155
-
175
-
Employer
554
-
619
-
pensions
60
-
69
-
health
11
-
12
-
total
71
-
81
-
Corporate
76
700
-
-
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.

14
133
-
-
total
14
133
-
-
Dividends
61
567
-
-
withholding
5
43
-
-
total
5
43
-
-
Income
700
700
700
700
Total tax
245
176
256
178
After tax
455
524
444
522
Living cost
399
399
399
399
Free-cash
56
125
45
123

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
-£201
-£382
-£150
-£113
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
-
-
-
700
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.

-
-
-
14
city
-
-
-
7
regional
-
-
-
20
pensions
-
-
-
64
national
-
-
-
3
health
-
-
-
2
total
-
-
-
110
Employee
823
-
627
-
national
4
-
2
-
unemployment
-
-
-
-
city
9
-
7
-
regional
27
-
17
-
health
2
-
1
-
pensions
69
-
53
-
total
111
-
80
-
Employer
823
-
627
-
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
-
13
-
pensions
69
-
53
-
unemployment
-
-
-
-
health
2
-
1
-
total
87
-
67
-
Corporate
-
700
-
-
regional
-
148
-
-
national
-
59
-
-
total
-
207
-
-
Dividends
-
492
-
-
withholding
-
172
-
-
total
-
172
-
-
Income
700
700
700
700
Total tax
198
379
147
110
After tax
502
321
553
590
Living cost
703
703
703
703
Free-cash
-201
-382
-150
-113

Estimated living cost  is £703 per week

£457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
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.
£174
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
£84
-£60
£109
£60
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.

-
-
-
700
trade
-
-
-
49
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.

-
-
-
116
health

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

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

-
-
-
61
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
-
-
-
232
Employee

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

535
-
700
-
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
-
health

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

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

61
-
61
-
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.

63
-
116
-
total
127
-
183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
165
700
-
-
trade
28
120
-
-
income
25
105
-
-
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
-
-
chamber of commerce
2
2
-
-
total
56
233
-
-
Dividends
109
467
-
-
withholding
24
113
-
-
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
-
-
total
25
119
-
-
Income
700
700
700
700
Total tax
208
352
183
232
After tax
492
348
517
468
Living cost
408
408
408
408
Free-cash
84
-60
109
60

Estimated living cost  is £408 per week

£298
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.
£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 Munich model

Close
Nice , France
£101
£47
£111
£100
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
-
-
-
700
other
-
-
-
22
social contributions
-
-
-
20
income
-
-
-
39
pensions
-
-
-
208
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
295
Employee
381
-
533
-
surtax
-
-
-
-
pensions
43
-
60
-
social contributions
11
-
15
-
income
22
-
42
-
total
76
-
117
-
Employer
381
-
533
-
other
13
-
18
-
pensions
63
-
88
-
unemployment
15
-
22
-
social contributions
1
-
2
-
health
27
-
37
-
total
119
-
167
-
Corporate
200
700
-
-
income
56
196
-
-
surtax
-
-
-
-
total
56
196
-
-
Dividends
144
504
-
-
withholding
18
65
-
-
social contributions
25
87
-
-
surtax
-
-
-
-
total
43
152
-
-
Income
700
700
700
700
Total tax
294
348
284
295
After tax
406
352
416
405
Living cost
305
305
305
305
Free-cash
101
47
111
100

Estimated living cost  is £305 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£128
£78
£142
£131
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
-
-
-
700
other
-
-
-
22
social contributions
-
-
-
20
income
-
-
-
39
pensions
-
-
-
208
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
295
Employee
340
-
533
-
surtax
-
-
-
-
pensions
38
-
60
-
social contributions
10
-
15
-
income
18
-
42
-
total
66
-
117
-
Employer
340
-
533
-
other
12
-
18
-
pensions
56
-
88
-
unemployment
14
-
22
-
social contributions
1
-
2
-
health
24
-
37
-
total
107
-
167
-
Corporate
254
700
-
-
income
71
196
-
-
surtax
-
-
-
-
total
71
196
-
-
Dividends
183
504
-
-
withholding
23
65
-
-
social contributions
31
87
-
-
surtax
-
-
-
-
total
54
152
-
-
Income
700
700
700
700
Total tax
298
348
284
295
After tax
402
352
416
405
Living cost
274
274
274
274
Free-cash
128
78
142
131

Estimated living cost  is £274 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£243
£238
£271
£260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
97
income
-
-
-
105
health
-
-
-
49
total
-
-
-
251
Employee
302
-
700
-
health
21
-
49
-
social contributions
42
-
97
-
income
50
-
94
-
total
113
-
240
-
Employer
302
-
700
-
total
-
-
-
-
Corporate
398
700
-
-
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%.

20
35
-
-
total
20
35
-
-
Dividends
378
665
-
-
health
26
46
-
-
withholding
57
100
-
-
social contributions
52
92
-
-
total
135
238
-
-
Income
700
700
700
700
Total tax
268
273
240
251
After tax
432
427
460
449
Living cost
189
189
189
189
Free-cash
243
238
271
260

Estimated living cost  is £189 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£68
£80
-£75
£57
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
-
-
-
700
chamber of commerce
-
-
-
3
unemployment
-
-
-
55
income
-
-
-
85
pensions
-
-
-
130
health
-
-
-
54
surtax
-
-
-
2
total
-
-
-
329
Employee
445
355
542
-
unemployment
13
11
16
-
other
4
4
5
-
health
17
14
21
-
pensions
46
36
56
-
income
51
26
79
-
total
131
91
177
-
Employer
445
355
542
-
payroll
13
11
16
-
other
21
17
26
-
accident
6
5
7
-
pensions
56
45
68
-
unemployment
13
11
16
-
chamber of commerce
2
1
2
-
surtax
2
2
2
-
health
17
13
20
-
total
130
105
157
-
Corporate
125
241
508
-
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.

31
60
127
-
total
31
60
127
-
Dividends
94
181
-
-
withholding
26
50
-
-
total
26
50
-
-
Income
700
700
700
700
Total tax
318
306
461
329
After tax
382
394
239
371
Living cost
314
314
314
314
Free-cash
68
80
-75
57

Estimated living cost  is £314 per week

£209
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.
£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 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
-£122
£68
-£40
£23
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
-
-
-
700
social contributions
-
-
-
99
national
-
-
-
217
communal

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

-
-
-
36
total
-
-
-
352
Employee

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

637
-
542
-
national
196
-
159
-
unemployment

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

6
-
5
-
health

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

30
-
25
-
pensions

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

48
-
41
-
communal

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

33
-
28
-
total
313
-
258
-
Employer

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

637
-
542
-
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
-
pensions

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

56
-
48
-
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
-
8
-
surtax
72
-
61
-
health

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

39
-
33
-
total
184
-
157
-
Corporate
-
700
-
-
income
-
140
-
-
surtax
-
3
-
-
total
-
143
-
-
Dividends
-
557
-
-
withholding

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

-
164
-
-
total
-
164
-
-
Income
700
700
700
700
Total tax
497
307
415
352
After tax
203
393
285
348
Living cost
325
325
325
325
Free-cash
-122
68
-40
23

Estimated living cost  is £325 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£79
£151
£58
£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
-
-
-
700
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
116
pensions
-
-
-
198
accident
-
-
-
6
total
-
-
-
326
Employee
443
-
531
-
unemployment
7
-
8
-
other
-
-
1
-
pensions
21
-
25
-
income
94
-
118
-
total
122
-
152
-
Employer
443
-
531
-
other
4
-
4
-
accident
9
-
11
-
pensions
105
-
125
-
unemployment
24
-
29
-
total
142
-
169
-
Corporate
116
700
-
-
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.

17
105
-
-
total
17
105
-
-
Dividends
98
595
-
-
withholding
19
123
-
-
total
19
123
-
-
Income
700
700
700
700
Total tax
300
228
321
326
After tax
400
472
379
374
Living cost
321
321
321
321
Free-cash
79
151
58
53

Estimated living cost  is £321 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Barcelona model

Close
Luxembourg , Luxembourg
-£55
-£50
-£29
-£65
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
-
-
-
700
income
-
-
-
42
pensions
-
-
-
105
accident
-
-
-
6
communal
-
-
-
44
health
-
-
-
49
surtax
-
-
-
35
total
-
-
-
281
Employee
674
-
625
-
surtax
41
-
38
-
health
30
-
28
-
pensions
54
-
50
-
income
65
-
54
-
total
190
-
170
-
Employer
674
-
625
-
accident
6
-
6
-
pensions
54
-
50
-
health
21
-
19
-
total
81
-
75
-
Corporate
-
700
-
-
income
-
105
-
-
communal
-
47
-
-
surtax
-
7
-
-
total
-
159
-
-
Dividends
-
540
-
-
withholding
-
81
-
-
income
-
26
-
-
total
-
107
-
-
Income
700
700
700
700
Total tax
271
266
245
281
After tax
429
434
455
419
Living cost
484
484
484
484
Free-cash
-55
-50
-29
-65

Estimated living cost  is £484 per week

£363
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.
£86
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
£211
£240
£165
£179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
117
pensions
-
-
-
140
health
-
-
-
50
surtax
-
-
-
12
total
-
-
-
321
Employee
300
-
578
-
surtax
1
-
10
-
unemployment
21
-
40
-
other
-
-
-
-
health
8
-
15
-
pensions
20
-
39
-
income
50
-
110
-
total
100
-
214
-
Employer
300
-
578
-
other
-
-
-
-
pensions
40
-
77
-
unemployment
10
-
18
-
health
14
-
26
-
total
64
-
121
-
Corporate
337
700
-
-
income
88
182
-
-
total
88
182
-
-
Dividends
249
518
-
-
withholding
37
78
-
-
total
37
78
-
-
Income
700
700
700
700
Total tax
289
260
335
321
After tax
411
440
365
379
Living cost
200
200
200
200
Free-cash
211
240
165
179

Estimated living cost  is £200 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£108
£128
£96
£130
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
-
-
-
700
regional
-
-
-
11
social contributions
-
-
-
180
municipal
-
-
-
4
national
-
-
-
135
total
-
-
-
330
Employee
494
-
700
-
national
78
-
115
-
regional
7
-
9
-
municipal
3
-
4
-
social contributions
166
-
236
-
total
254
-
364
-
Employer
494
-
700
-
total
-
-
-
-
Corporate
206
700
-
-
nationa
50
168
-
-
municipal
10
35
-
-
total
60
203
-
-
Dividends
146
497
-
-
withholding
38
129
-
-
total
38
129
-
-
Income
700
700
700
700
Total tax
352
332
364
330
After tax
348
368
336
370
Living cost
240
240
240
240
Free-cash
108
128
96
130

Estimated living cost  is £240 per week

£149
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.
£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

Source of data for Naples model

Close
Prague , Czech Republic
£112
£209
£81
£68
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
-
-
-
700
social contributions
-
-
-
204
income
-
-
-
60
health
-
-
-
95
solidarity contribution
-
-
-
-
total
-
-
-
359
Employee
402
-
522
-
solidarity contribution
-
-
-
-
health
54
-
71
-
social contributions
26
-
34
-
income
48
-
63
-
total
128
-
168
-
Employer
402
-
522
-
social contributions
100
-
131
-
health
36
-
47
-
total
136
-
178
-
Corporate
162
700
-
-
income
31
133
-
-
total
31
133
-
-
Dividends
131
567
-
-
withholding
20
85
-
-
total
20
85
-
-
Income
700
700
700
700
Total tax
315
218
346
359
After tax
385
482
354
341
Living cost
273
273
273
273
Free-cash
112
209
81
68

Estimated living cost  is £273 per week

£203
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.
£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 Prague model

Close
Graz , Austria
£106
£111
-£44
£89
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
-
-
-
700
chamber of commerce
-
-
-
3
unemployment
-
-
-
55
income
-
-
-
85
pensions
-
-
-
130
health
-
-
-
54
surtax
-
-
-
-
total
-
-
-
327
Employee
389
355
544
-
unemployment
12
11
16
-
other
4
4
5
-
health
15
14
21
-
pensions
40
36
56
-
income
35
26
79
-
total
106
91
177
-
Employer
389
355
544
-
payroll
12
11
16
-
other
18
17
26
-
accident
5
5
7
-
pensions
49
45
68
-
unemployment
12
11
16
-
chamber of commerce
2
1
2
-
surtax
-
-
-
-
health
15
13
21
-
total
113
103
156
-
Corporate
199
243
510
-
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.

50
61
127
-
total
50
61
127
-
Dividends
149
182
-
-
withholding
41
50
-
-
total
41
50
-
-
Income
700
700
700
700
Total tax
310
305
460
327
After tax
390
395
240
373
Living cost
284
284
284
284
Free-cash
106
111
-44
89

Estimated living cost  is £284 per week

£170
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£531
£552
£447
£580
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%.

-
-
-
700
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
141
-
700
-
income
28
-
140
-
total
28
-
140
-
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%.

559
700
-
-
total
-
-
-
-
Dividends
559
700
-
-
withholding
28
35
-
-
total
28
35
-
-
Income
700
700
700
700
Total tax
56
35
140
7
After tax
644
665
560
693
Living cost
113
113
113
113
Free-cash
531
552
447
580

Estimated living cost  is £113 per week

£76
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.
£28
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
£168
£243
£112
£131
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.

-
-
-
700
unemployment
-
-
-
1
income
-
-
-
132
pensions
-
-
-
128
health
-
-
-
69
total
-
-
-
330
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.

394
-
606
-
unemployment
1
-
1
-
health
25
-
39
-
pensions
61
-
94
-
income
68
-
121
-
total
155
-
255
-
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.

394
-
606
-
pensions
35
-
54
-
unemployment
-
-
-
-
health
26
-
40
-
total
61
-
94
-
Corporate
245
700
-
-
income
47
133
-
-
total
47
133
-
-
Dividends
199
567
-
-
withholding
30
85
-
-
total
30
85
-
-
Income
700
700
700
700
Total tax
293
218
349
330
After tax
407
482
351
370
Living cost
239
239
239
239
Free-cash
168
243
112
131

Estimated living cost  is £239 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-£611
£47
£206
£105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
80
income
-
-
-
136
total
-
-
-
216
Employee
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
income
-
120
-
-
total
-
120
-
-
Income
700
700
700
700
Total tax
932
274
115
216
After tax
-232
426
585
484
Living cost
379
379
379
379
Free-cash
-611
47
206
105

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
£110
£119
£90
£118
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.

-
-
-
700
social contributions

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

-
-
-
243
income
-
-
-
60
surtax
-
-
-
-
total
-
-
-
303
Employee
409
-
566
-
surtax
-
-
-
-
social contributions
45
-
62
-
income
85
-
135
-
total
130
-
197
-
Employer
409
-
566
-
social contributions
97
-
134
-
total
97
-
134
-
Corporate
193
700
-
-
income
41
147
-
-
surtax
-
-
-
-
total
41
147
-
-
Dividends
153
553
-
-
withholding
43
155
-
-
total
43
155
-
-
Income
700
700
700
700
Total tax
311
302
331
303
After tax
389
398
369
397
Living cost
279
279
279
279
Free-cash
110
119
90
118

Estimated living cost  is £279 per week

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

Source of data for Lisbon model

Close
Paris , France
-£33
-£78
-£14
-£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
other
-
-
-
22
social contributions
-
-
-
20
income
-
-
-
39
pensions
-
-
-
208
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
295
Employee
557
-
533
-
surtax
-
-
-
-
pensions
63
-
60
-
social contributions
16
-
15
-
income
49
-
42
-
total
128
-
117
-
Employer
557
-
533
-
other
19
-
18
-
pensions
92
-
88
-
unemployment
23
-
22
-
social contributions
2
-
2
-
health
39
-
37
-
total
175
-
167
-
Corporate
-
700
-
-
income
-
196
-
-
surtax
-
-
-
-
total
-
196
-
-
Dividends
-
504
-
-
withholding
-
65
-
-
social contributions
-
87
-
-
surtax
-
-
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
303
348
284
295
After tax
397
352
416
405
Living cost
430
430
430
430
Free-cash
-33
-78
-14
-25

Estimated living cost  is £430 per week

£291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£332
£362
£291
£271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
7
social contributions
-
-
-
154
total
-
-
-
161
Employee
286
-
606
-
social contributions
19
-
39
-
income
-
-
8
-
total
19
-
47
-
Employer
286
-
606
-
social contributions
44
-
94
-
total
44
-
94
-
Corporate
369
700
-
-
income
37
70
-
-
total
37
70
-
-
Dividends
333
630
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
100
70
141
161
After tax
600
630
559
539
Living cost
268
268
268
268
Free-cash
332
362
291
271

Estimated living cost  is £268 per week

£173
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.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-£1237
-£1237
-£1237
£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
-
-
-
700
pensions
-
-
-
8
municipal
-
-
-
123
labour market
-
-
-
55
national
-
-
-
71
total
-
-
-
257
Employee
1 807
1 807
1 807
-
national
221
221
221
-
municipal
385
385
385
-
labour market
144
144
144
-
pensions
3
3
3
-
total
753
753
753
-
Employer
1 807
1 807
1 807
-
municipal
385
385
385
-
pensions
5
5
5
-
national
221
221
221
-
labour market
145
145
145
-
total
756
756
756
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
1 509
1 509
1 509
257
After tax
-809
-809
-809
443
Living cost
428
428
428
428
Free-cash
-1 237
-1 237
-1 237
15

Estimated living cost  is £428 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£27
-£140
£157
£285
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
-
-
-
700
other
-
-
-
3
income
-
-
-
155
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
218
Employee
309
-
581
-
health
35
-
67
-
pensions
35
-
65
-
income
42
-
95
-
total
112
-
227
-
Employer
309
-
581
-
accident
5
-
10
-
pensions
50
-
95
-
unemployment
8
-
14
-
total
63
-
119
-
Corporate
328
700
-
-
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.

295
630
-
-
total
295
630
-
-
Dividends
33
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
476
643
346
218
After tax
224
57
354
482
Living cost
197
197
197
197
Free-cash
27
-140
157
285

Estimated living cost  is £197 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Krakow model

Close
Helsinki , Finland
£99
£135
£72
£174
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

-
-
-
700
municipal
-
-
-
125
national
-
-
-
52
health
-
-
-
7
total
-
-
-
184
Employee
468
-
589
-
national
8
-
24
-
unemployment
7
-
9
-
health
3
-
5
-
municipal
77
-
96
-
pensions
32
-
40
-
total
127
-
174
-
Employer
468
-
589
-
accident
-
-
1
-
pensions
81
-
102
-
unemployment
3
-
4
-
health
4
-
5
-
total
88
-
112
-
Corporate
143
700
-
-
income
29
140
-
-
total
29
140
-
-
Dividends

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

86
420
-
-
municipal
15
76
-
-
national
-
7
-
-
total
15
83
-
-
Income
700
700
700
700
Total tax
259
223
286
184
After tax
441
477
414
516
Living cost
342
342
342
342
Free-cash
99
135
72
174

Estimated living cost  is £342 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£258
£292
£300
£313
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
-
-
-
700
social contributions
-
-
-
109
income
-
-
-
54
health
-
-
-
18
total
-
-
-
181
Employee
684
684
684
-
health
5
12
11
-
social contributions
26
57
53
-
income
75
63
65
-
total
106
132
129
-
Employer
684
684
684
-
social contributions
26
57
53
-
health
6
13
12
-
total
32
70
65
-
Corporate
357
-
-
-
income
45
-
-
-
total
45
-
-
-
Dividends
312
-
-
-
withholding
53
-
-
-
total
53
-
-
-
Income
700
700
700
700
Total tax
236
202
194
181
After tax
464
498
506
519
Living cost
206
206
206
206
Free-cash
258
292
300
313

Estimated living cost  is £206 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£393
£439
£292
£406
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
-
-
-
700
unemployment
-
-
-
-
income
-
-
-
64
pensions
-
-
-
57
health
-
-
-
32
total
-
-
-
153
Employee

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

204
-
635
-
unemployment
1
-
3
-
health
17
-
54
-
pensions
31
-
95
-
income
14
-
50
-
total
63
-
202
-
Employer

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

204
-
635
-
pensions
11
-
35
-
unemployment
1
-
3
-
health
9
-
27
-
total
21
-
65
-
Corporate
475
700
-
-
income
43
63
-
-
total
43
63
-
-
Dividends
432
637
-
-
withholding
39
57
-
-
total
39
57
-
-
Income
700
700
700
700
Total tax
166
120
267
153
After tax
534
580
433
547
Living cost
141
141
141
141
Free-cash
393
439
292
406

Estimated living cost  is £141 per week

£90
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.
£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

Source of data for Podgorica model

Close
Valencia , Spain
£181
£227
£134
£129
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
-
-
-
700
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
116
pensions
-
-
-
198
accident
-
-
-
6
total
-
-
-
326
Employee
329
-
531
-
unemployment
5
-
8
-
other
-
-
1
-
pensions
15
-
25
-
income
63
-
118
-
total
83
-
152
-
Employer
329
-
531
-
other
3
-
4
-
accident
7
-
11
-
pensions
78
-
125
-
unemployment
18
-
29
-
total
106
-
169
-
Corporate
266
700
-
-
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.

40
105
-
-
total
40
105
-
-
Dividends
226
595
-
-
withholding
45
123
-
-
total
45
123
-
-
Income
700
700
700
700
Total tax
274
228
321
326
After tax
426
472
379
374
Living cost
245
245
245
245
Free-cash
181
227
134
129

Estimated living cost  is £245 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£418
£420
£426
£428
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
-
-
-
700
income
-
-
-
234
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
255
Employee
26
-
686
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
233
-
total
8
-
243
-
Employer
26
-
686
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
668
700
-
-
income
147
154
-
-
total
147
154
-
-
Dividends
521
546
-
-
withholding
104
109
-
-
total
104
109
-
-
Income
700
700
700
700
Total tax
265
263
257
255
After tax
435
437
443
445
Living cost
17
17
17
17
Free-cash
418
420
426
428

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£308
£352
£209
£193
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.

-
-
-
700
unemployment
-
-
-
10
income
-
-
-
104
pensions
-
-
-
171
health
-
-
-
68
total
-
-
-
353
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.

232
-
594
-
unemployment
2
-
4
-
health
12
-
31
-
pensions
32
-
83
-
income
32
-
113
-
total
78
-
231
-
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.

232
-
594
-
pensions
28
-
71
-
unemployment
2
-
4
-
health
12
-
31
-
total
42
-
106
-
Corporate
427
700
-
-
income
64
105
-
-
total
64
105
-
-
Dividends
363
595
-
-
withholding
54
89
-
-
total
54
89
-
-
Income
700
700
700
700
Total tax
238
194
337
353
After tax
462
506
363
347
Living cost
154
154
154
154
Free-cash
308
352
209
193

Estimated living cost  is £154 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£155
£158
£129
£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

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.

-
-
-
700
social contributions

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

-
-
-
243
income
-
-
-
60
surtax
-
-
-
-
total
-
-
-
303
Employee
345
-
566
-
surtax
-
-
-
-
social contributions
38
-
62
-
income
68
-
135
-
total
106
-
197
-
Employer
345
-
566
-
social contributions
82
-
134
-
total
82
-
134
-
Corporate
272
700
-
-
income
57
147
-
-
surtax
-
-
-
-
total
57
147
-
-
Dividends
215
553
-
-
withholding
60
155
-
-
total
60
155
-
-
Income
700
700
700
700
Total tax
305
302
331
303
After tax
395
398
369
397
Living cost
240
240
240
240
Free-cash
155
158
129
157

Estimated living cost  is £240 per week

£170
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.
£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 Porto model

Close
Madrid , Spain
£91
£159
£66
£61
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
-
-
-
700
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
116
pensions
-
-
-
198
accident
-
-
-
6
total
-
-
-
326
Employee
430
-
531
-
unemployment
7
-
8
-
other
-
-
1
-
pensions
20
-
25
-
income
90
-
118
-
total
117
-
152
-
Employer
430
-
531
-
other
3
-
4
-
accident
9
-
11
-
pensions
101
-
125
-
unemployment
24
-
29
-
total
137
-
169
-
Corporate
133
700
-
-
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.

20
105
-
-
total
20
105
-
-
Dividends
113
595
-
-
withholding
22
123
-
-
total
22
123
-
-
Income
700
700
700
700
Total tax
296
228
321
326
After tax
404
472
379
374
Living cost
313
313
313
313
Free-cash
91
159
66
61

Estimated living cost  is £313 per week

£225
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.
£59
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
£392
£446
£379
£359
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
-
-
-
700
unemployment
-
-
-
1
income
-
-
-
105
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
188
Employee
203
-
639
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
64
-
total
49
-
108
-
Employer
203
-
639
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
458
700
-
-
income
46
70
-
-
total
46
70
-
-
Dividends
412
630
-
-
withholding
21
31
-
-
total
21
31
-
-
Income
700
700
700
700
Total tax
155
101
168
188
After tax
545
599
532
512
Living cost
153
153
153
153
Free-cash
392
446
379
359

Estimated living cost  is £153 per week

£101
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
£134
£18
£173
£132
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.

-
-
-
700
trade
-
-
-
41
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.

-
-
-
116
health

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

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

-
-
-
61
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
-
-
-
224
Employee

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

443
-
700
-
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
-
health

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

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

61
-
61
-
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
-
116
-
total
99
-
183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
257
700
-
-
trade
37
100
-
-
income
39
105
-
-
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
-
-
chamber of commerce
2
2
-
-
total
80
213
-
-
Dividends
178
486
-
-
withholding
41
118
-
-
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
7
-
-
total
43
125
-
-
Income
700
700
700
700
Total tax
222
338
183
224
After tax
478
362
517
476
Living cost
344
344
344
344
Free-cash
134
18
173
132

Estimated living cost  is £344 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£3
-£16
£2
£2
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
58
income
-
-
-
133
total
-
-
-
191
Employee
696
-
700
-
social contributions
58
-
58
-
income
131
-
133
-
total
189
-
191
-
Employer
696
-
700
-
total
-
-
-
-
Corporate
4
700
-
-
income
-
87
-
-
total
-
87
-
-
Dividends
3
613
-
-
withholding
1
122
-
-
total
1
122
-
-
Income
700
700
700
700
Total tax
190
209
191
191
After tax
510
491
509
509
Living cost
507
507
507
507
Free-cash
3
-16
2
2

Estimated living cost  is £507 per week

£386
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.
£75
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
£136
£85
£188
£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
700
health

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

-
-
-
54
income
-
-
-
253
total
-
-
-
307
Employee
408
-
659
-
social contributions
41
-
41
-
income
44
-
107
-
total
85
-
148
-
Employer
408
-
659
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
251
700
-
-
income
88
245
-
-
total
88
245
-
-
Dividends
163
455
-
-
social contributions
27
47
-
-
total
27
47
-
-
Income
700
700
700
700
Total tax
241
292
189
307
After tax
459
408
511
393
Living cost
323
323
323
323
Free-cash
136
85
188
70

Estimated living cost  is £323 per week

£213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£152
£200
£120
£198
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
-
-
-
700
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
445
-
619
-
health
6
-
9
-
pensions
34
-
55
-
income
81
-
111
-
total
121
-
175
-
Employer
445
-
619
-
pensions
45
-
69
-
health
8
-
12
-
total
53
-
81
-
Corporate
201
700
-
-
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.

38
133
-
-
total
38
133
-
-
Dividends
163
567
-
-
withholding
12
43
-
-
total
12
43
-
-
Income
700
700
700
700
Total tax
224
176
256
178
After tax
476
524
444
522
Living cost
324
324
324
324
Free-cash
152
200
120
198

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
£23
-£159
£138
£266
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
-
-
-
700
other
-
-
-
3
income
-
-
-
155
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
218
Employee
340
-
581
-
health
39
-
67
-
pensions
38
-
65
-
income
47
-
95
-
total
124
-
227
-
Employer
340
-
581
-
accident
6
-
10
-
pensions
55
-
95
-
unemployment
8
-
14
-
total
69
-
119
-
Corporate
291
700
-
-
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.

262
630
-
-
total
262
630
-
-
Dividends
29
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
461
643
346
218
After tax
239
57
354
482
Living cost
216
216
216
216
Free-cash
23
-159
138
266

Estimated living cost  is £216 per week

£159
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.
£41
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
£433
£475
£286
£286
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.

-
-
-
700
unemployment
-
-
-
8
income
-
-
-
102
pensions
-
-
-
129
health insurance
-
-
-
52
work injury
-
-
-
3
total
-
-
-
294
Employee

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

192
-
700
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
3
-
pensions
35
-
129
-
income
19
-
102
-
total
71
-
294
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
508
700
-
-
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
508
700
-
-
withholding
76
105
-
-
total
76
105
-
-
Income
700
700
700
700
Total tax
147
105
294
294
After tax
553
595
406
406
Living cost
120
120
120
120
Free-cash
433
475
286
286

Estimated living cost  is £120 per week

£74
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
-£50
£13
-£20
£13
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
-
-
-
700
regional
-
-
-
12
social contributions
-
-
-
180
municipal
-
-
-
5
national
-
-
-
135
total
-
-
-
332
Employee
750
-
700
-
national
127
-
115
-
regional
11
-
10
-
municipal
4
-
4
-
social contributions
253
-
236
-
total
395
-
365
-
Employer
750
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
34
-
-
total
-
202
-
-
Dividends
-
498
-
-
withholding
-
130
-
-
total
-
130
-
-
Income
700
700
700
700
Total tax
395
332
365
332
After tax
305
368
335
368
Living cost
355
355
355
355
Free-cash
-50
13
-20
13

Estimated living cost  is £355 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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