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
£89
£250
£204
£185
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
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.

-
-
-
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.

-
-
-
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.

-
-
-
60
trade
-
-
-
46
total
-
-
-
230
Employee

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

335
-
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
-
income

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

9
-
118
-
health

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

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

60
-
60
-
total
70
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
365
700
-
-
income
55
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
-
-
trade
57
110
-
-
total
117
223
-
-
Dividends
248
477
-
-
surtax

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

3
6
-
-
withholding
59
116
-
-
total
62
122
-
-
Income
700
700
700
700
Total tax
249
345
184
230
After tax
451
355
516
470
Living cost
266
266
266
266
Free-cash
185
89
250
204

Estimated living cost  is £266 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£27
-£29
-£35
-£86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
8
municipal
-
-
-
70
national
-
-
-
109
pensions
-
-
-
84
total
-
-
-
271
Employee
720
-
605
-
municipal
89
-
73
-
pensions
29
-
24
-
national
138
-
113
-
total
256
-
210
-
Employer
720
-
605
-
pensions
58
-
48
-
social contributions
8
-
7
-
total
66
-
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
322
263
265
271
After tax
378
437
435
429
Living cost
464
464
464
464
Free-cash
-86
-27
-29
-35

Estimated living cost  is £464 per week

£316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£378
£215
£194
£306
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
income
-
-
-
99
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.

-
-
-
225
microenterprise
-
-
-
-
total
-
-
-
324
Employee
256
-
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.

28
-
62
-
income
46
-
105
-
total
74
-
167
-
Employer
256
-
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.

62
-
136
-
surtax
-
-
-
-
total
62
-
136
-
Corporate
382
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%.

76
140
-
-
total
76
140
-
-
Dividends

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

306
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
212
140
303
324
After tax
488
560
397
376
Living cost
182
182
182
182
Free-cash
306
378
215
194

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£122
-£171
£31
-£171
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
-
-
-
104
health
-
-
-
95
pensions
-
-
-
103
total
-
-
-
302
Employee
749
749
749
-
pensions
135
103
135
-
income

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

123
123
123
-
health
115
98
115
-
total
373
324
373
-
Employer
749
749
749
-
health
52
52
52
-
pensions
52
52
52
-
unemployment
27
27
27
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
504
455
504
302
After tax
196
245
196
398
Living cost
367
367
367
367
Free-cash
-171
-122
-171
31

Estimated living cost  is £367 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£21
£12
-£12
£12
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
1
other
-
-
-
81
unemployment
-
-
-
1
health
-
-
-
44
municipal
-
-
-
148
national
-
-
-
-
pensions
-
-
-
76
total
-
-
-
351
Employee
514
-
533
-
municipal
153
-
159
-
national
-
-
-
-
total
153
-
159
-
Employer
514
-
533
-
health
32
-
33
-
pensions
56
-
58
-
accident
1
-
1
-
unemployment
14
-
14
-
other
60
-
62
-
total
163
-
168
-
Corporate
25
700
-
-
income
5
154
-
-
total
5
154
-
-
Dividends
19
546
-
-
withholding
6
164
-
-
total
6
164
-
-
Income
700
700
700
700
Total tax
327
318
327
351
After tax
373
382
373
349
Living cost
361
361
361
361
Free-cash
12
21
12
-12

Estimated living cost  is £361 per week

£239
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£7
£172
£124
£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

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

-
-
-
700
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.

-
-
-
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.

-
-
-
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.

-
-
-
60
trade
-
-
-
48
total
-
-
-
232
Employee

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

445
-
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
-
income

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

38
-
118
-
health

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

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

60
-
60
-
total
100
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
255
700
-
-
income
38
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
-
-
trade
42
115
-
-
total
84
228
-
-
Dividends
171
472
-
-
surtax

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

2
6
-
-
withholding
39
115
-
-
total
41
121
-
-
Income
700
700
700
700
Total tax
225
349
184
232
After tax
475
351
516
468
Living cost
344
344
344
344
Free-cash
131
7
172
124

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

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
£219
£223
£234
£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
-
-
-
700
income
-
-
-
55
social contributions
-
-
-
109
health
-
-
-
18
total
-
-
-
182
Employee
674
674
674
-
social contributions
33
56
53
-
income
71
62
64
-
health
7
11
11
-
total
111
129
128
-
Employer
674
674
674
-
health
7
12
12
-
social contributions
33
56
53
-
total
40
68
65
-
Corporate
265
-
-
-
income
33
-
-
-
total
33
-
-
-
Dividends
232
-
-
-
withholding
39
-
-
-
total
39
-
-
-
Income
700
700
700
700
Total tax
223
197
193
182
After tax
477
503
507
518
Living cost
284
284
284
284
Free-cash
193
219
223
234

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£236
£245
£324
£240
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
-
-
-
86
unemployment
-
-
-
11
health
-
-
-
49
pensions
-
-
-
70
total
-
-
-
216
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.

232
92
586
-
unemployment
3
1
9
-
pensions
23
9
59
-
income
28
11
72
-
health
16
6
41
-
total
70
27
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.

232
92
586
-
pensions
45
18
114
-
total
45
18
114
-
Corporate
423
590
-
-
income
38
53
-
-
total
38
53
-
-
Dividends
385
537
-
-
social contributions
74
104
-
-
withholding
73
102
-
-
total
147
206
-
-
Income
700
700
700
700
Total tax
300
304
295
216
After tax
400
396
405
484
Living cost
160
160
160
160
Free-cash
240
236
245
324

Estimated living cost  is £160 per week

£109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£348
£192
£163
£294
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
health
-
-
-
91
pensions
-
-
-
140
total
-
-
-
325
Employee
249
-
523
-
unemployment
4
-
8
-
pensions
5
-
10
-
income
28
-
101
-
total
37
-
119
-
Employer
249
-
523
-
health
32
-
68
-
pensions
50
-
105
-
unemployment
2
-
4
-
total
84
-
177
-
Corporate
367
700
-
-
income
73
140
-
-
total
73
140
-
-
Dividends
294
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
194
140
296
325
After tax
506
560
404
375
Living cost
212
212
212
212
Free-cash
294
348
192
163

Estimated living cost  is £212 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£138
£158
£287
£27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
2
income
-
-
-
157
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
218
Employee
307
-
581
-
pensions
35
-
65
-
income
42
-
96
-
health
35
-
67
-
total
112
-
228
-
Employer
307
-
581
-
pensions
50
-
95
-
accident
5
-
10
-
unemployment
8
-
14
-
total
63
-
119
-
Corporate
330
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.

297
630
-
-
total
297
630
-
-
Dividends
33
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
478
643
347
218
After tax
222
57
353
482
Living cost
195
195
195
195
Free-cash
27
-138
158
287

Estimated living cost  is £195 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.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£593
£488
£621
£579
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
31
35
-
-
total
31
35
-
-
Income
700
700
700
700
Total tax
49
35
140
7
After tax
651
665
560
693
Living cost
72
72
72
72
Free-cash
579
593
488
621

Estimated living cost  is £72 per week

£44
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.
£19
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
£280
£176
£145
£222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
89
other
-
-
-
33
health
-
-
-
31
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
total
-
-
-
321
Employee
318
-
559
-
unemployment
3
-
6
-
pensions

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

22
-
39
-
income
55
-
96
-
health
4
-
8
-
total
84
-
149
-
Employer
318
-
559
-
health
4
-
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.

54
-
95
-
accident
3
-
4
-
unemployment
3
-
6
-
other
16
-
28
-
total
80
-
141
-
Corporate
301
700
-
-
income
63
147
-
-
total
63
147
-
-
Dividends
238
553
-
-
withholding
17
39
-
-
total
17
39
-
-
Income
700
700
700
700
Total tax
244
186
290
321
After tax
456
514
410
379
Living cost
234
234
234
234
Free-cash
222
280
176
145

Estimated living cost  is £234 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
-£60
-£140
-£62
-£241
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
-
pensions
80
-
55
-
income
149
-
111
-
health
14
-
9
-
total
243
-
175
-
Employer
826
-
619
-
health
16
-
12
-
pensions
98
-
69
-
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
£483
£417
£399
£442
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
-
-
-
105
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
186
Employee
152
-
640
-
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.

13
-
27
-
income
15
-
64
-
health
7
-
14
-
total
37
-
108
-
Employer
152
-
640
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
518
700
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
466
630
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
700
700
700
700
Total tax
143
102
168
186
After tax
557
598
532
514
Living cost
115
115
115
115
Free-cash
442
483
417
399

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£241
-£290
-£88
-£255
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
-
-
-
104
health
-
-
-
95
pensions
-
-
-
103
total
-
-
-
302
Employee
813
749
749
-
pensions
103
103
135
-
income

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

123
123
123
-
health
101
98
115
-
total
327
324
373
-
Employer
813
749
749
-
health
56
52
52
-
pensions
57
52
52
-
unemployment
29
27
27
-
total
142
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
469
455
504
302
After tax
231
245
196
398
Living cost
486
486
486
486
Free-cash
-255
-241
-290
-88

Estimated living cost  is £486 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£264
£136
£124
£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
60
social contributions
-
-
-
204
solidarity contribution
-
-
-
-
health
-
-
-
94
total
-
-
-
358
Employee
320
-
522
-
solidarity contribution
-
-
-
-
social contributions
21
-
34
-
income
38
-
63
-
health
43
-
71
-
total
102
-
168
-
Employer
320
-
522
-
health
29
-
47
-
social contributions
80
-
131
-
total
109
-
178
-
Corporate
271
700
-
-
income
51
133
-
-
total
51
133
-
-
Dividends
219
567
-
-
withholding
33
85
-
-
total
33
85
-
-
Income
700
700
700
700
Total tax
295
218
346
358
After tax
405
482
354
342
Living cost
218
218
218
218
Free-cash
187
264
136
124

Estimated living cost  is £218 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£4
-£31
£3
-£79
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
180
regional
-
-
-
7
municipal
-
-
-
4
national
-
-
-
136
total
-
-
-
327
Employee
779
-
700
-
municipal
4
-
4
-
national
135
-
115
-
regional
7
-
6
-
social contributions
263
-
236
-
total
409
-
361
-
Employer
779
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
municipal
-
27
-
-
nationa
-
168
-
-
total
-
195
-
-
Dividends
-
505
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
700
700
700
700
Total tax
409
326
361
327
After tax
291
374
339
373
Living cost
370
370
370
370
Free-cash
-79
4
-31
3

Estimated living cost  is £370 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£247
£170
£185
£220
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
-
-
-
118
other
-
-
-
-
surtax
-
-
-
12
unemployment
-
-
-
2
health
-
-
-
50
pensions
-
-
-
140
total
-
-
-
322
Employee
290
-
578
-
other
-
-
-
-
unemployment
20
-
40
-
pensions
19
-
39
-
surtax
1
-
11
-
income
49
-
111
-
health
7
-
15
-
total
96
-
216
-
Employer
290
-
578
-
health
13
-
26
-
pensions
39
-
77
-
unemployment
9
-
18
-
other
-
-
-
-
total
61
-
121
-
Corporate
349
700
-
-
income
91
182
-
-
total
91
182
-
-
Dividends
258
518
-
-
withholding
39
78
-
-
total
39
78
-
-
Income
700
700
700
700
Total tax
287
260
337
322
After tax
413
440
363
378
Living cost
193
193
193
193
Free-cash
220
247
170
185

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£125
£45
£123
£56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
554
-
619
-
pensions
47
-
55
-
income
100
-
111
-
health
8
-
9
-
total
155
-
175
-
Employer
554
-
619
-
health
11
-
12
-
pensions
60
-
69
-
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
-£372
-£140
-£103
-£189
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
regional
-
-
-
20
health
-
-
-
2
city
-
-
-
7
national
-
-
-
3
pensions
-
-
-
64
total
-
-
-
110
Employee
811
-
627
-
unemployment
-
-
-
-
pensions
68
-
53
-
national
4
-
2
-
regional
27
-
17
-
city
9
-
7
-
health
2
-
1
-
total
110
-
80
-
Employer
811
-
627
-
health
2
-
1
-
pensions
68
-
53
-
unemployment
-
-
-
-
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
-
total
86
-
67
-
Corporate
-
700
-
-
regional
-
148
-
-
national
-
59
-
-
total
-
207
-
-
Dividends
-
492
-
-
withholding
-
172
-
-
total
-
172
-
-
Income
700
700
700
700
Total tax
196
379
147
110
After tax
504
321
553
590
Living cost
693
693
693
693
Free-cash
-189
-372
-140
-103

Estimated living cost  is £693 per week

£451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
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.
£172
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
-£54
£114
£64
£88
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
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.

-
-
-
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.

-
-
-
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.

-
-
-
60
trade
-
-
-
50
total
-
-
-
234
Employee

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

527
-
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
-
income

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

62
-
118
-
health

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

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

60
-
60
-
total
125
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
173
700
-
-
income
26
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
-
-
trade
30
120
-
-
total
59
233
-
-
Dividends
114
467
-
-
surtax

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

1
6
-
-
withholding
25
113
-
-
total
26
119
-
-
Income
700
700
700
700
Total tax
210
352
184
234
After tax
490
348
516
466
Living cost
402
402
402
402
Free-cash
88
-54
114
64

Estimated living cost  is £402 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£52
£114
£107
£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
income
-
-
-
40
other
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
20
health
-
-
-
6
pensions
-
-
-
205
total
-
-
-
293
Employee
375
-
533
-
pensions
42
-
60
-
surtax
-
-
-
-
social contributions
11
-
15
-
income
22
-
44
-
total
75
-
119
-
Employer
375
-
533
-
health
26
-
37
-
pensions
62
-
88
-
unemployment
15
-
22
-
social contributions
1
-
2
-
other
13
-
18
-
total
117
-
167
-
Corporate
208
700
-
-
income
58
196
-
-
surtax
-
-
-
-
total
58
196
-
-
Dividends
149
504
-
-
surtax
-
-
-
-
social contributions
26
87
-
-
withholding
19
65
-
-
total
45
152
-
-
Income
700
700
700
700
Total tax
295
348
286
293
After tax
405
352
414
407
Living cost
300
300
300
300
Free-cash
105
52
114
107

Estimated living cost  is £300 per week

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

Source of data for Nice model

Close
Marseille , France
£82
£144
£137
£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
income
-
-
-
40
other
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
20
health
-
-
-
6
pensions
-
-
-
205
total
-
-
-
293
Employee
335
-
533
-
pensions
38
-
60
-
surtax
-
-
-
-
social contributions
10
-
15
-
income
17
-
44
-
total
65
-
119
-
Employer
335
-
533
-
health
23
-
37
-
pensions
55
-
88
-
unemployment
14
-
22
-
social contributions
1
-
2
-
other
12
-
18
-
total
105
-
167
-
Corporate
260
700
-
-
income
73
196
-
-
surtax
-
-
-
-
total
73
196
-
-
Dividends
188
504
-
-
surtax
-
-
-
-
social contributions
32
87
-
-
withholding
24
65
-
-
total
56
152
-
-
Income
700
700
700
700
Total tax
299
348
286
293
After tax
401
352
414
407
Living cost
270
270
270
270
Free-cash
131
82
144
137

Estimated living cost  is £270 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£241
£273
£263
£245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
105
social contributions
-
-
-
97
health
-
-
-
49
total
-
-
-
251
Employee
297
-
700
-
social contributions
41
-
97
-
income
50
-
95
-
health
21
-
49
-
total
112
-
241
-
Employer
297
-
700
-
total
-
-
-
-
Corporate
403
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
383
665
-
-
social contributions
53
92
-
-
withholding
57
100
-
-
health
27
46
-
-
total
137
238
-
-
Income
700
700
700
700
Total tax
269
273
241
251
After tax
431
427
459
449
Living cost
186
186
186
186
Free-cash
245
241
273
263

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£87
-£71
£63
£71
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
-
-
-
86
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
54
pensions
-
-
-
129
total
-
-
-
328
Employee
438
349
542
-
other
4
3
5
-
unemployment
13
10
16
-
pensions
45
36
56
-
income
50
26
80
-
health
17
14
21
-
total
129
89
178
-
Employer
438
349
542
-
chamber of commerce
2
1
2
-
health
17
13
20
-
pensions
55
44
68
-
accident
6
5
7
-
unemployment
13
10
16
-
surtax
2
2
2
-
payroll
13
10
16
-
other
21
17
26
-
total
129
102
157
-
Corporate
134
248
509
-
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.

34
62
127
-
total
34
62
127
-
Dividends
101
186
-
-
withholding
28
51
-
-
total
28
51
-
-
Income
700
700
700
700
Total tax
320
304
462
328
After tax
380
396
238
372
Living cost
309
309
309
309
Free-cash
71
87
-71
63

Estimated living cost  is £309 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£73
-£36
£26
-£110
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
communal

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

-
-
-
36
social contributions
-
-
-
100
national
-
-
-
218
total
-
-
-
354
Employee

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

627
-
542
-
unemployment

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

5
-
5
-
communal

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

33
-
28
-
pensions

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

47
-
41
-
national
193
-
160
-
health

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

29
-
25
-
total
307
-
259
-
Employer

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

627
-
542
-
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
-
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
-
accident

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

8
-
7
-
unemployment

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

9
-
8
-
surtax
71
-
61
-
total
183
-
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
490
307
416
354
After tax
210
393
284
346
Living cost
320
320
320
320
Free-cash
-110
73
-36
26

Estimated living cost  is £320 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£155
£61
£57
£85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
income
-
-
-
116
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
198
total
-
-
-
326
Employee
436
-
531
-
other
-
-
1
-
unemployment
7
-
8
-
pensions
21
-
25
-
income
92
-
119
-
total
120
-
153
-
Employer
436
-
531
-
pensions
103
-
125
-
accident
9
-
11
-
unemployment
24
-
29
-
other
3
-
4
-
total
139
-
169
-
Corporate
124
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.

19
105
-
-
total
19
105
-
-
Dividends
106
595
-
-
withholding
20
123
-
-
total
20
123
-
-
Income
700
700
700
700
Total tax
298
228
322
326
After tax
402
472
378
374
Living cost
317
317
317
317
Free-cash
85
155
61
57

Estimated living cost  is £317 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£42
-£22
-£58
-£43
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
communal
-
-
-
44
accident
-
-
-
6
income
-
-
-
43
surtax
-
-
-
35
health
-
-
-
49
pensions
-
-
-
105
total
-
-
-
282
Employee
664
-
625
-
pensions
53
-
50
-
surtax
41
-
38
-
income
64
-
55
-
health
30
-
28
-
total
188
-
171
-
Employer
664
-
625
-
health
20
-
19
-
pensions
53
-
50
-
accident
6
-
6
-
total
79
-
75
-
Corporate
-
700
-
-
communal
-
47
-
-
income
-
105
-
-
surtax
-
7
-
-
total
-
159
-
-
Dividends
-
540
-
-
income
-
26
-
-
withholding
-
81
-
-
total
-
107
-
-
Income
700
700
700
700
Total tax
267
266
246
282
After tax
433
434
454
418
Living cost
476
476
476
476
Free-cash
-43
-42
-22
-58

Estimated living cost  is £476 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£243
£166
£181
£216
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
-
-
-
118
other
-
-
-
-
surtax
-
-
-
12
unemployment
-
-
-
2
health
-
-
-
50
pensions
-
-
-
140
total
-
-
-
322
Employee
295
-
578
-
other
-
-
-
-
unemployment
21
-
40
-
pensions
20
-
39
-
surtax
1
-
11
-
income
49
-
111
-
health
8
-
15
-
total
99
-
216
-
Employer
295
-
578
-
health
13
-
26
-
pensions
39
-
77
-
unemployment
9
-
18
-
other
-
-
-
-
total
61
-
121
-
Corporate
343
700
-
-
income
89
182
-
-
total
89
182
-
-
Dividends
254
518
-
-
withholding
38
78
-
-
total
38
78
-
-
Income
700
700
700
700
Total tax
287
260
337
322
After tax
413
440
363
378
Living cost
197
197
197
197
Free-cash
216
243
166
181

Estimated living cost  is £197 per week

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

Source of data for Athens model

Close
Naples , Italy
£132
£100
£133
£112
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
-
-
-
180
regional
-
-
-
11
municipal
-
-
-
4
national
-
-
-
136
total
-
-
-
331
Employee
486
-
700
-
municipal
3
-
4
-
national
77
-
115
-
regional
7
-
9
-
social contributions
164
-
236
-
total
251
-
364
-
Employer
486
-
700
-
total
-
-
-
-
Corporate
214
700
-
-
municipal
11
35
-
-
nationa
51
168
-
-
total
62
203
-
-
Dividends
152
497
-
-
withholding
39
129
-
-
total
39
129
-
-
Income
700
700
700
700
Total tax
352
332
364
331
After tax
348
368
336
369
Living cost
236
236
236
236
Free-cash
112
132
100
133

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£214
£86
£74
£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
60
social contributions
-
-
-
204
solidarity contribution
-
-
-
-
health
-
-
-
94
total
-
-
-
358
Employee
395
-
522
-
solidarity contribution
-
-
-
-
social contributions
26
-
34
-
income
47
-
63
-
health
53
-
71
-
total
126
-
168
-
Employer
395
-
522
-
health
36
-
47
-
social contributions
99
-
131
-
total
135
-
178
-
Corporate
171
700
-
-
income
33
133
-
-
total
33
133
-
-
Dividends
139
567
-
-
withholding
21
85
-
-
total
21
85
-
-
Income
700
700
700
700
Total tax
315
218
346
358
After tax
385
482
354
342
Living cost
268
268
268
268
Free-cash
117
214
86
74

Estimated living cost  is £268 per week

£200
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.
£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 Prague model

Close
Graz , Austria
£116
-£42
£94
£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
income
-
-
-
86
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
54
pensions
-
-
-
129
total
-
-
-
326
Employee
383
349
544
-
other
4
3
5
-
unemployment
11
10
16
-
pensions
39
36
56
-
income
34
26
80
-
health
15
14
21
-
total
103
89
178
-
Employer
383
349
544
-
chamber of commerce
2
1
2
-
health
14
13
21
-
pensions
48
44
68
-
accident
5
5
7
-
unemployment
11
10
16
-
surtax
-
-
-
-
payroll
11
10
16
-
other
18
17
26
-
total
109
100
156
-
Corporate
206
250
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.

52
63
128
-
total
52
63
128
-
Dividends
155
188
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
700
700
700
700
Total tax
307
304
462
326
After tax
393
396
238
374
Living cost
280
280
280
280
Free-cash
113
116
-42
94

Estimated living cost  is £280 per week

£168
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£553
£448
£581
£532
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
140
-
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%.

560
700
-
-
total
-
-
-
-
Dividends
560
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
112
112
112
112
Free-cash
532
553
448
581

Estimated living cost  is £112 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
£247
£115
£135
£173
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
income
-
-
-
132
unemployment
-
-
-
1
health
-
-
-
69
pensions
-
-
-
128
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.

388
-
606
-
unemployment
1
-
1
-
pensions
60
-
94
-
income
67
-
122
-
health
25
-
39
-
total
153
-
256
-
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.

388
-
606
-
health
26
-
40
-
pensions
34
-
54
-
unemployment
-
-
-
-
total
60
-
94
-
Corporate
252
700
-
-
income
48
133
-
-
total
48
133
-
-
Dividends
204
567
-
-
withholding
31
85
-
-
total
31
85
-
-
Income
700
700
700
700
Total tax
292
218
350
330
After tax
408
482
350
370
Living cost
235
235
235
235
Free-cash
173
247
115
135

Estimated living cost  is £235 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£42
£199
£100
-£626
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
-
-
-
136
social contributions
-
-
-
80
total
-
-
-
216
Employee
551
-
-
-
social contributions
45
-
6
-
income
121
-
-
-
total
166
-
6
-
Employer
551
-
-
-
social contributions
776
-
111
-
total
776
-
111
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
income
-
120
-
-
total
-
120
-
-
Income
700
700
700
700
Total tax
942
274
117
216
After tax
-242
426
583
484
Living cost
384
384
384
384
Free-cash
-626
42
199
100

Estimated living cost  is £384 per week

£249
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£123
£93
£122
£115
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
income
-
-
-
60
surtax
-
-
-
-
social contributions

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

-
-
-
243
total
-
-
-
303
Employee
403
-
566
-
surtax
-
-
-
-
social contributions
44
-
62
-
income
84
-
136
-
total
128
-
198
-
Employer
403
-
566
-
social contributions
96
-
134
-
total
96
-
134
-
Corporate
201
700
-
-
income
42
147
-
-
surtax
-
-
-
-
total
42
147
-
-
Dividends
159
553
-
-
withholding
44
155
-
-
total
44
155
-
-
Income
700
700
700
700
Total tax
310
302
332
303
After tax
390
398
368
397
Living cost
275
275
275
275
Free-cash
115
123
93
122

Estimated living cost  is £275 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£71
-£9
-£16
-£20
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
-
-
-
40
other
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
20
health
-
-
-
6
pensions
-
-
-
205
total
-
-
-
293
Employee
549
-
533
-
pensions
62
-
60
-
surtax
-
-
-
-
social contributions
16
-
15
-
income
48
-
44
-
total
126
-
119
-
Employer
549
-
533
-
health
38
-
37
-
pensions
90
-
88
-
unemployment
22
-
22
-
social contributions
2
-
2
-
other
19
-
18
-
total
171
-
167
-
Corporate
-
700
-
-
income
-
196
-
-
surtax
-
-
-
-
total
-
196
-
-
Dividends
-
504
-
-
surtax
-
-
-
-
social contributions
-
87
-
-
withholding
-
65
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
297
348
286
293
After tax
403
352
414
407
Living cost
423
423
423
423
Free-cash
-20
-71
-9
-16

Estimated living cost  is £423 per week

£287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£366
£295
£275
£337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
7
social contributions
-
-
-
154
total
-
-
-
161
Employee
282
-
606
-
income
-
-
8
-
social contributions
18
-
39
-
total
18
-
47
-
Employer
282
-
606
-
social contributions
44
-
94
-
total
44
-
94
-
Corporate
374
700
-
-
income
37
70
-
-
total
37
70
-
-
Dividends
337
630
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
99
70
141
161
After tax
601
630
559
539
Living cost
264
264
264
264
Free-cash
337
366
295
275

Estimated living cost  is £264 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1210
-£1210
£19
-£1210
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
labour market
-
-
-
55
municipal
-
-
-
124
national
-
-
-
72
pensions
-
-
-
8
total
-
-
-
259
Employee
1 781
1 781
1 781
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
218
218
218
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
380
380
380
-
total
746
746
746
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
1 488
1 488
1 488
259
After tax
-788
-788
-788
441
Living cost
422
422
422
422
Free-cash
-1 210
-1 210
-1 210
19

Estimated living cost  is £422 per week

£289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£135
£161
£290
£28
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
accident
-
-
-
2
income
-
-
-
157
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
218
Employee
303
-
581
-
pensions
34
-
65
-
income
42
-
96
-
health
35
-
67
-
total
111
-
228
-
Employer
303
-
581
-
pensions
49
-
95
-
accident
5
-
10
-
unemployment
7
-
14
-
total
61
-
119
-
Corporate
336
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.

302
630
-
-
total
302
630
-
-
Dividends
34
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
480
643
347
218
After tax
220
57
353
482
Living cost
192
192
192
192
Free-cash
28
-135
161
290

Estimated living cost  is £192 per week

£140
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 Krakow model

Close
Helsinki , Finland
£139
£76
£178
£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

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
health
-
-
-
7
municipal
-
-
-
125
national
-
-
-
53
total
-
-
-
185
Employee
461
-
589
-
municipal
76
-
96
-
unemployment
7
-
9
-
pensions
31
-
40
-
national
8
-
25
-
health
3
-
5
-
total
125
-
175
-
Employer
461
-
589
-
health
4
-
5
-
pensions
80
-
102
-
accident
-
-
1
-
unemployment
3
-
4
-
total
87
-
112
-
Corporate
152
700
-
-
income
30
140
-
-
total
30
140
-
-
Dividends

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

91
420
-
-
municipal
16
76
-
-
national
-
8
-
-
total
16
84
-
-
Income
700
700
700
700
Total tax
258
224
287
185
After tax
442
476
413
515
Living cost
337
337
337
337
Free-cash
105
139
76
178

Estimated living cost  is £337 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£300
£304
£315
£264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
55
social contributions
-
-
-
109
health
-
-
-
18
total
-
-
-
182
Employee
674
674
674
-
social contributions
25
56
53
-
income
73
62
64
-
health
5
11
11
-
total
103
129
128
-
Employer
674
674
674
-
health
6
12
12
-
social contributions
25
56
53
-
total
31
68
65
-
Corporate
362
-
-
-
income
45
-
-
-
total
45
-
-
-
Dividends
316
-
-
-
withholding
54
-
-
-
total
54
-
-
-
Income
700
700
700
700
Total tax
233
197
193
182
After tax
467
503
507
518
Living cost
203
203
203
203
Free-cash
264
300
304
315

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£441
£294
£409
£396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
152
Employee

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

201
-
635
-
unemployment
1
-
3
-
pensions
30
-
95
-
income
14
-
50
-
health
17
-
54
-
total
62
-
202
-
Employer

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

201
-
635
-
health
9
-
27
-
pensions
11
-
35
-
unemployment
1
-
3
-
total
21
-
65
-
Corporate
478
700
-
-
income
43
63
-
-
total
43
63
-
-
Dividends
435
637
-
-
withholding
39
57
-
-
total
39
57
-
-
Income
700
700
700
700
Total tax
165
120
267
152
After tax
535
580
433
548
Living cost
139
139
139
139
Free-cash
396
441
294
409

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£231
£137
£133
£184
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
accident
-
-
-
6
income
-
-
-
116
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
198
total
-
-
-
326
Employee
324
-
531
-
other
-
-
1
-
unemployment
5
-
8
-
pensions
15
-
25
-
income
63
-
119
-
total
83
-
153
-
Employer
324
-
531
-
pensions
77
-
125
-
accident
6
-
11
-
unemployment
18
-
29
-
other
3
-
4
-
total
104
-
169
-
Corporate
272
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.

41
105
-
-
total
41
105
-
-
Dividends
232
595
-
-
withholding
47
123
-
-
total
47
123
-
-
Income
700
700
700
700
Total tax
275
228
322
326
After tax
425
472
378
374
Living cost
241
241
241
241
Free-cash
184
231
137
133

Estimated living cost  is £241 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£420
£426
£428
£418
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
-
-
-
233
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
255
Employee
26
-
686
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
233
-
health
1
-
3
-
total
8
-
243
-
Employer
26
-
686
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
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
£354
£211
£196
£309
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
income
-
-
-
106
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
352
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.

229
-
594
-
unemployment
2
-
4
-
pensions
32
-
83
-
income
32
-
113
-
health
12
-
31
-
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.

229
-
594
-
health
12
-
31
-
pensions
27
-
71
-
unemployment
2
-
4
-
total
41
-
106
-
Corporate
430
700
-
-
income
65
105
-
-
total
65
105
-
-
Dividends
366
595
-
-
withholding
55
89
-
-
total
55
89
-
-
Income
700
700
700
700
Total tax
239
194
337
352
After tax
461
506
363
348
Living cost
152
152
152
152
Free-cash
309
354
211
196

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£162
£132
£161
£159
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
income
-
-
-
60
surtax
-
-
-
-
social contributions

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

-
-
-
243
total
-
-
-
303
Employee
340
-
566
-
surtax
-
-
-
-
social contributions
37
-
62
-
income
66
-
136
-
total
103
-
198
-
Employer
340
-
566
-
social contributions
81
-
134
-
total
81
-
134
-
Corporate
279
700
-
-
income
59
147
-
-
surtax
-
-
-
-
total
59
147
-
-
Dividends
220
553
-
-
withholding
62
155
-
-
total
62
155
-
-
Income
700
700
700
700
Total tax
305
302
332
303
After tax
395
398
368
397
Living cost
236
236
236
236
Free-cash
159
162
132
161

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£164
£70
£66
£99
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
accident
-
-
-
6
income
-
-
-
116
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
198
total
-
-
-
326
Employee
423
-
531
-
other
-
-
1
-
unemployment
7
-
8
-
pensions
20
-
25
-
income
88
-
119
-
total
115
-
153
-
Employer
423
-
531
-
pensions
100
-
125
-
accident
8
-
11
-
unemployment
23
-
29
-
other
3
-
4
-
total
134
-
169
-
Corporate
142
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.

21
105
-
-
total
21
105
-
-
Dividends
120
595
-
-
withholding
23
123
-
-
total
23
123
-
-
Income
700
700
700
700
Total tax
293
228
322
326
After tax
407
472
378
374
Living cost
308
308
308
308
Free-cash
99
164
70
66

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£447
£381
£363
£394
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
-
-
-
105
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
186
Employee
200
-
640
-
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.

18
-
27
-
income
20
-
64
-
health
9
-
14
-
total
49
-
108
-
Employer
200
-
640
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
461
700
-
-
income
46
70
-
-
total
46
70
-
-
Dividends
415
630
-
-
withholding
21
32
-
-
total
21
32
-
-
Income
700
700
700
700
Total tax
155
102
168
186
After tax
545
598
532
514
Living cost
151
151
151
151
Free-cash
394
447
381
363

Estimated living cost  is £151 per week

£100
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
£24
£178
£136
£138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
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.

-
-
-
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.

-
-
-
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.

-
-
-
60
trade
-
-
-
42
total
-
-
-
226
Employee

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

436
-
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
-
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
-
118
-
health

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

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

60
-
60
-
total
98
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
264
700
-
-
income
40
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
-
-
trade
38
100
-
-
total
82
213
-
-
Dividends
182
486
-
-
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
-
-
withholding
42
118
-
-
total
44
125
-
-
Income
700
700
700
700
Total tax
224
338
184
226
After tax
476
362
516
474
Living cost
339
339
339
339
Free-cash
138
24
178
136

Estimated living cost  is £339 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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 Berlin model

Close
Dublin , Ireland
-£9
£7
£7
£11
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
-
-
-
135
social contributions
-
-
-
59
total
-
-
-
194
Employee
686
-
700
-
income
129
-
135
-
social contributions
57
-
59
-
total
186
-
194
-
Employer
686
-
700
-
total
-
-
-
-
Corporate
14
700
-
-
income
2
87
-
-
total
2
87
-
-
Dividends
12
613
-
-
withholding
2
123
-
-
total
2
123
-
-
Income
700
700
700
700
Total tax
190
210
194
194
After tax
510
490
506
506
Living cost
499
499
499
499
Free-cash
11
-9
7
7

Estimated living cost  is £499 per week

£380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£91
£194
£79
£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
700
income
-
-
-
250
health

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

-
-
-
53
total
-
-
-
303
Employee
402
-
660
-
income
44
-
108
-
social contributions
40
-
40
-
total
84
-
148
-
Employer
402
-
660
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
257
700
-
-
income
90
245
-
-
total
90
245
-
-
Dividends
167
455
-
-
social contributions
26
46
-
-
total
26
46
-
-
Income
700
700
700
700
Total tax
240
291
188
303
After tax
460
409
512
397
Living cost
318
318
318
318
Free-cash
142
91
194
79

Estimated living cost  is £318 per week

£210
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£200
£120
£198
£152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
445
-
619
-
pensions
34
-
55
-
income
81
-
111
-
health
6
-
9
-
total
121
-
175
-
Employer
445
-
619
-
health
8
-
12
-
pensions
45
-
69
-
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
-£154
£142
£271
£24
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
2
income
-
-
-
157
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
218
Employee
332
-
581
-
pensions
37
-
65
-
income
46
-
96
-
health
38
-
67
-
total
121
-
228
-
Employer
332
-
581
-
pensions
54
-
95
-
accident
6
-
10
-
unemployment
8
-
14
-
total
68
-
119
-
Corporate
300
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.

270
630
-
-
total
270
630
-
-
Dividends
30
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
465
643
347
218
After tax
235
57
353
482
Living cost
211
211
211
211
Free-cash
24
-154
142
271

Estimated living cost  is £211 per week

£155
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.
£40
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
£477
£286
£286
£434
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
income
-
-
-
103
unemployment
-
-
-
8
work injury
-
-
-
4
health insurance
-
-
-
52
pensions
-
-
-
129
total
-
-
-
296
Employee

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

190
-
700
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
103
-
total
71
-
296
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
510
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
510
700
-
-
withholding
77
105
-
-
total
77
105
-
-
Income
700
700
700
700
Total tax
148
105
296
296
After tax
552
595
404
404
Living cost
118
118
118
118
Free-cash
434
477
286
286

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£19
-£14
£18
-£38
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
180
regional
-
-
-
12
municipal
-
-
-
5
national
-
-
-
136
total
-
-
-
333
Employee
739
-
700
-
municipal
4
-
4
-
national
125
-
115
-
regional
11
-
10
-
social contributions
249
-
236
-
total
389
-
365
-
Employer
739
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
municipal
-
34
-
-
nationa
-
168
-
-
total
-
202
-
-
Dividends
-
498
-
-
withholding
-
130
-
-
total
-
130
-
-
Income
700
700
700
700
Total tax
389
332
365
333
After tax
311
368
335
367
Living cost
349
349
349
349
Free-cash
-38
19
-14
18

Estimated living cost  is £349 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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.
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