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
£204
£89
£185
£250
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
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
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
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
total
-
-
-
230
Employee

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

336
-
700
-
health

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

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

60
-
60
-
surtax

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

1
-
6
-
income

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

9
-
118
-
total
70
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
364
700
-
-
trade
57
110
-
-
chamber of commerce
2
2
-
-
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
55
105
-
-
total
117
223
-
-
Dividends
247
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
-£31
-£23
-£78
-£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
municipal
-
-
-
70
social contributions
-
-
-
8
national
-
-
-
109
pensions
-
-
-
84
total
-
-
-
271
Employee
713
-
605
-
pensions
29
-
24
-
national
136
-
113
-
municipal
88
-
73
-
total
253
-
210
-
Employer
713
-
605
-
pensions
57
-
48
-
social contributions
8
-
7
-
total
65
-
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
318
263
265
271
After tax
382
437
435
429
Living cost
460
460
460
460
Free-cash
-78
-23
-25
-31

Estimated living cost  is £460 per week

£312
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£193
£377
£305
£214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
700
social contributions

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

-
-
-
225
income
-
-
-
99
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
324
Employee
257
-
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
257
-
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.

62
-
136
-
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.

305
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
212
140
303
324
After tax
488
560
397
376
Living cost
183
183
183
183
Free-cash
305
377
214
193

Estimated living cost  is £183 per week

£117
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
£30
-£123
-£172
-£172
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
health
-
-
-
95
pensions
-
-
-
103
income
-
-
-
104
total
-
-
-
302
Employee
750
750
750
-
health
115
98
115
-
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
-
total
373
324
373
-
Employer
750
750
750
-
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
368
368
368
368
Free-cash
-172
-123
-172
30

Estimated living cost  is £368 per week

£261
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
-£14
£19
£11
£10
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
44
accident
-
-
-
1
other
-
-
-
81
municipal
-
-
-
148
pensions
-
-
-
76
national
-
-
-
-
unemployment
-
-
-
1
total
-
-
-
351
Employee
518
-
533
-
national
-
-
-
-
municipal
154
-
159
-
total
154
-
159
-
Employer
518
-
533
-
health
32
-
33
-
accident
1
-
1
-
pensions
56
-
58
-
other
60
-
62
-
unemployment
14
-
14
-
total
163
-
168
-
Corporate
20
700
-
-
income
4
154
-
-
total
4
154
-
-
Dividends
15
546
-
-
withholding
5
164
-
-
total
5
164
-
-
Income
700
700
700
700
Total tax
326
318
327
351
After tax
374
382
373
349
Living cost
363
363
363
363
Free-cash
11
19
10
-14

Estimated living cost  is £363 per week

£241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£123
£6
£130
£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

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

-
-
-
700
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
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
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
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
-
health

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

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

60
-
60
-
surtax

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

2
-
6
-
income

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

38
-
118
-
total
100
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
255
700
-
-
trade
42
115
-
-
chamber of commerce
2
2
-
-
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
38
105
-
-
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
345
345
345
345
Free-cash
130
6
171
123

Estimated living cost  is £345 per week

£231
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
£233
£218
£192
£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
health
-
-
-
18
social contributions
-
-
-
109
income
-
-
-
55
total
-
-
-
182
Employee
675
675
675
-
health
7
11
11
-
social contributions
33
56
53
-
income
71
62
64
-
total
111
129
128
-
Employer
675
675
675
-
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
285
285
285
285
Free-cash
192
218
222
233

Estimated living cost  is £285 per week

£195
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
£326
£237
£240
£246
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
health
-
-
-
49
pensions
-
-
-
70
unemployment
-
-
-
10
income
-
-
-
86
total
-
-
-
215
Employee

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

The minimum wage is 138,000 HUF per month.

230
92
586
-
health
16
6
41
-
pensions
23
9
59
-
unemployment
3
1
9
-
income
28
11
72
-
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.

230
92
586
-
pensions
45
18
114
-
total
45
18
114
-
Corporate
425
591
-
-
income
38
53
-
-
total
38
53
-
-
Dividends
387
537
-
-
social contributions
74
104
-
-
withholding
74
102
-
-
total
148
206
-
-
Income
700
700
700
700
Total tax
301
304
295
215
After tax
399
396
405
485
Living cost
159
159
159
159
Free-cash
240
237
246
326

Estimated living cost  is £159 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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£163
£348
£294
£192
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
health
-
-
-
91
pensions
-
-
-
140
income
-
-
-
94
total
-
-
-
325
Employee
249
-
523
-
pensions
5
-
10
-
unemployment
4
-
8
-
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
293
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
£289
-£136
£29
£158
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
157
total
-
-
-
218
Employee
304
-
581
-
health
35
-
67
-
pensions
34
-
65
-
income
42
-
97
-
total
111
-
229
-
Employer
304
-
581
-
accident
5
-
10
-
pensions
49
-
95
-
unemployment
7
-
14
-
total
61
-
119
-
Corporate
334
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.

300
630
-
-
total
300
630
-
-
Dividends
33
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
478
643
348
218
After tax
222
57
352
482
Living cost
194
194
194
194
Free-cash
29
-136
158
289

Estimated living cost  is £194 per week

£142
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
£621
£593
£580
£488
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
91
-
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%.

609
700
-
-
total
-
-
-
-
Dividends
609
700
-
-
withholding
30
35
-
-
total
30
35
-
-
Income
700
700
700
700
Total tax
48
35
140
7
After tax
652
665
560
693
Living cost
72
72
72
72
Free-cash
580
593
488
621

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£145
£280
£222
£176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
31
other
-
-
-
33
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
income
-
-
-
89
total
-
-
-
321
Employee
319
-
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.

22
-
39
-
unemployment
3
-
6
-
income
55
-
96
-
total
84
-
149
-
Employer
319
-
559
-
health
4
-
8
-
accident
3
-
4
-
pensions

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

54
-
95
-
other
16
-
28
-
unemployment
3
-
6
-
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
-£62
-£60
-£241
-£140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
pensions
-
-
-
48
income
-
-
-
130
total
-
-
-
178
Employee
826
-
619
-
health
14
-
9
-
pensions
80
-
55
-
income
149
-
111
-
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
£399
£484
£443
£417
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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
105
total
-
-
-
186
Employee
152
-
640
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
64
-
total
37
-
108
-
Employer
152
-
640
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
total
30
-
60
-
Corporate
518
700
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
466
630
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
700
700
700
700
Total tax
142
101
168
186
After tax
558
599
532
514
Living cost
115
115
115
115
Free-cash
443
484
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
-£89
-£242
-£258
-£291
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
health
-
-
-
95
pensions
-
-
-
103
income
-
-
-
104
total
-
-
-
302
Employee
814
750
750
-
health
102
98
115
-
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
-
total
328
324
373
-
Employer
814
750
750
-
health
57
52
52
-
pensions
57
52
52
-
unemployment
29
27
27
-
total
143
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
471
455
504
302
After tax
229
245
196
398
Living cost
487
487
487
487
Free-cash
-258
-242
-291
-89

Estimated living cost  is £487 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
£126
£266
£189
£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
-
-
-
700
health
-
-
-
94
social contributions
-
-
-
204
solidarity contribution
-
-
-
-
income
-
-
-
60
total
-
-
-
358
Employee
318
-
522
-
health
43
-
71
-
solidarity contribution
-
-
-
-
social contributions
21
-
34
-
income
38
-
63
-
total
102
-
168
-
Employer
318
-
522
-
health
29
-
47
-
social contributions
79
-
131
-
total
108
-
178
-
Corporate
275
700
-
-
income
52
133
-
-
total
52
133
-
-
Dividends
222
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
216
216
216
216
Free-cash
189
266
138
126

Estimated living cost  is £216 per week

£150
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.
£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 Brno model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
regional
-
-
-
7
municipal
-
-
-
4
social contributions
-
-
-
180
national
-
-
-
136
total
-
-
-
327
Employee
780
-
700
-
regional
7
-
6
-
national
135
-
115
-
social contributions
263
-
236
-
municipal
4
-
4
-
total
409
-
361
-
Employer
780
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
27
-
-
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
£184
£246
£219
£169
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
health
-
-
-
50
other
-
-
-
-
pensions
-
-
-
140
unemployment
-
-
-
2
income
-
-
-
118
surtax
-
-
-
12
total
-
-
-
322
Employee
290
-
578
-
health
7
-
15
-
pensions
19
-
39
-
unemployment
20
-
40
-
surtax
1
-
11
-
income
49
-
111
-
other
-
-
-
-
total
96
-
216
-
Employer
290
-
578
-
health
13
-
26
-
pensions
39
-
77
-
other
-
-
-
-
unemployment
9
-
18
-
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
194
194
194
194
Free-cash
219
246
169
184

Estimated living cost  is £194 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
£123
£125
£56
£45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
pensions
-
-
-
48
income
-
-
-
130
total
-
-
-
178
Employee
554
-
619
-
health
8
-
9
-
pensions
47
-
55
-
income
100
-
111
-
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
-£120
-£391
-£212
-£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
2
city
-
-
-
7
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
14
regional
-
-
-
19
pensions
-
-
-
64
national
-
-
-
3
total
-
-
-
109
Employee
832
-
627
-
health
2
-
1
-
regional
27
-
16
-
pensions
70
-
53
-
unemployment
-
-
-
-
national
4
-
2
-
city
9
-
7
-
total
112
-
79
-
Employer
832
-
627
-
health
2
-
1
-
pensions
70
-
53
-
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.

17
-
13
-
unemployment
-
-
-
-
total
89
-
67
-
Corporate
-
700
-
-
national
-
60
-
-
regional
-
148
-
-
total
-
208
-
-
Dividends
-
492
-
-
withholding
-
172
-
-
total
-
172
-
-
Income
700
700
700
700
Total tax
201
380
146
109
After tax
499
320
554
591
Living cost
711
711
711
711
Free-cash
-212
-391
-157
-120

Estimated living cost  is £711 per week

£462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£176
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
£64
-£54
£88
£114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
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
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
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
total
-
-
-
234
Employee

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

528
-
700
-
health

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

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

60
-
60
-
surtax

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

3
-
6
-
income

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

62
-
118
-
total
125
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
172
700
-
-
trade
30
120
-
-
chamber of commerce
2
2
-
-
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
26
105
-
-
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

£294
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
£107
£52
£105
£114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
6
other
-
-
-
22
pensions
-
-
-
205
social contributions
-
-
-
20
income
-
-
-
40
surtax
-
-
-
-
total
-
-
-
293
Employee
376
-
533
-
pensions
42
-
60
-
surtax
-
-
-
-
social contributions
11
-
15
-
income
22
-
44
-
total
75
-
119
-
Employer
376
-
533
-
health
26
-
37
-
pensions
62
-
88
-
other
13
-
18
-
social contributions
1
-
2
-
unemployment
15
-
22
-
total
117
-
167
-
Corporate
207
700
-
-
surtax
-
-
-
-
income
58
196
-
-
total
58
196
-
-
Dividends
149
504
-
-
social contributions
26
87
-
-
surtax
-
-
-
-
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
£136
£81
£130
£143
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
health
-
-
-
6
other
-
-
-
22
pensions
-
-
-
205
social contributions
-
-
-
20
income
-
-
-
40
surtax
-
-
-
-
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
-
other
12
-
18
-
social contributions
1
-
2
-
unemployment
14
-
22
-
total
105
-
167
-
Corporate
260
700
-
-
surtax
-
-
-
-
income
73
196
-
-
total
73
196
-
-
Dividends
187
504
-
-
social contributions
32
87
-
-
surtax
-
-
-
-
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
271
271
271
271
Free-cash
130
81
143
136

Estimated living cost  is £271 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
£263
£241
£245
£273
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
health
-
-
-
49
social contributions
-
-
-
97
income
-
-
-
105
total
-
-
-
251
Employee
298
-
700
-
health
21
-
49
-
social contributions
41
-
97
-
income
50
-
95
-
total
112
-
241
-
Employer
298
-
700
-
total
-
-
-
-
Corporate
402
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
382
665
-
-
social contributions
53
92
-
-
health
27
46
-
-
withholding
57
100
-
-
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

£125
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
£63
£87
£73
-£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
health
-
-
-
54
pensions
-
-
-
129
unemployment
-
-
-
54
income
-
-
-
86
chamber of commerce
-
-
-
3
surtax
-
-
-
2
total
-
-
-
328
Employee
439
350
542
-
health
17
14
21
-
pensions
45
36
56
-
unemployment
13
10
16
-
income
50
26
80
-
other
4
3
5
-
total
129
89
178
-
Employer
439
350
542
-
payroll
13
10
16
-
health
17
13
20
-
surtax
2
2
2
-
accident
6
5
7
-
pensions
55
44
68
-
chamber of commerce
2
1
2
-
other
21
17
26
-
unemployment
13
10
16
-
total
129
102
157
-
Corporate
133
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.

33
62
127
-
total
33
62
127
-
Dividends
100
186
-
-
withholding
27
51
-
-
total
27
51
-
-
Income
700
700
700
700
Total tax
318
304
462
328
After tax
382
396
238
372
Living cost
309
309
309
309
Free-cash
73
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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£26
£73
-£111
-£36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
100
national
-
-
-
218
communal

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

-
-
-
36
total
-
-
-
354
Employee

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

628
-
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.

30
-
25
-
pensions

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

47
-
41
-
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
-
national
193
-
160
-
communal

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

33
-
28
-
total
308
-
259
-
Employer

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

628
-
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
-
surtax
71
-
61
-
accident

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

8
-
7
-
pensions

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

56
-
48
-
unemployment

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

9
-
8
-
total
183
-
157
-
Corporate
-
700
-
-
surtax
-
3
-
-
income
-
140
-
-
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
491
307
416
354
After tax
209
393
284
346
Living cost
320
320
320
320
Free-cash
-111
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
£57
£155
£85
£61
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
other
-
-
-
1
pensions
-
-
-
198
unemployment
-
-
-
5
income
-
-
-
116
total
-
-
-
326
Employee
437
-
531
-
pensions
21
-
25
-
unemployment
7
-
8
-
other
-
-
1
-
income
92
-
119
-
total
120
-
153
-
Employer
437
-
531
-
accident
9
-
11
-
pensions
103
-
125
-
other
3
-
4
-
unemployment
24
-
29
-
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
105
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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£59
-£43
-£44
-£23
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
49
accident
-
-
-
6
pensions
-
-
-
105
communal
-
-
-
44
income
-
-
-
43
surtax
-
-
-
35
total
-
-
-
282
Employee
665
-
625
-
health
30
-
28
-
pensions
53
-
50
-
surtax
41
-
38
-
income
64
-
55
-
total
188
-
171
-
Employer
665
-
625
-
health
20
-
19
-
accident
6
-
6
-
pensions
53
-
50
-
total
79
-
75
-
Corporate
-
700
-
-
communal
-
47
-
-
surtax
-
7
-
-
income
-
105
-
-
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
477
477
477
477
Free-cash
-44
-43
-23
-59

Estimated living cost  is £477 per week

£358
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
£181
£243
£215
£166
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
health
-
-
-
50
other
-
-
-
-
pensions
-
-
-
140
unemployment
-
-
-
2
income
-
-
-
118
surtax
-
-
-
12
total
-
-
-
322
Employee
296
-
578
-
health
8
-
15
-
pensions
20
-
39
-
unemployment
21
-
40
-
surtax
1
-
11
-
income
50
-
111
-
other
-
-
-
-
total
100
-
216
-
Employer
296
-
578
-
health
13
-
26
-
pensions
39
-
77
-
other
-
-
-
-
unemployment
9
-
18
-
total
61
-
121
-
Corporate
342
700
-
-
income
89
182
-
-
total
89
182
-
-
Dividends
253
518
-
-
withholding
38
78
-
-
total
38
78
-
-
Income
700
700
700
700
Total tax
288
260
337
322
After tax
412
440
363
378
Living cost
197
197
197
197
Free-cash
215
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
£133
£132
£112
£100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
regional
-
-
-
11
municipal
-
-
-
4
social contributions
-
-
-
180
national
-
-
-
136
total
-
-
-
331
Employee
487
-
700
-
regional
7
-
9
-
national
77
-
115
-
social contributions
164
-
236
-
municipal
3
-
4
-
total
251
-
364
-
Employer
487
-
700
-
total
-
-
-
-
Corporate
213
700
-
-
nationa
51
168
-
-
municipal
11
35
-
-
total
62
203
-
-
Dividends
151
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
£76
£216
£122
£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
-
-
-
700
health
-
-
-
94
social contributions
-
-
-
204
solidarity contribution
-
-
-
-
income
-
-
-
60
total
-
-
-
358
Employee
391
-
522
-
health
53
-
71
-
solidarity contribution
-
-
-
-
social contributions
25
-
34
-
income
47
-
63
-
total
125
-
168
-
Employer
391
-
522
-
health
35
-
47
-
social contributions
98
-
131
-
total
133
-
178
-
Corporate
176
700
-
-
income
33
133
-
-
total
33
133
-
-
Dividends
142
567
-
-
withholding
21
85
-
-
total
21
85
-
-
Income
700
700
700
700
Total tax
312
218
346
358
After tax
388
482
354
342
Living cost
266
266
266
266
Free-cash
122
216
88
76

Estimated living cost  is £266 per week

£198
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
£94
£118
£111
-£42
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
health
-
-
-
54
pensions
-
-
-
129
unemployment
-
-
-
54
income
-
-
-
86
chamber of commerce
-
-
-
3
surtax
-
-
-
-
total
-
-
-
326
Employee
384
350
544
-
health
15
14
21
-
pensions
39
36
56
-
unemployment
12
10
16
-
income
34
26
80
-
other
4
3
5
-
total
104
89
178
-
Employer
384
350
544
-
payroll
12
10
16
-
health
15
13
21
-
surtax
-
-
-
-
accident
5
5
7
-
pensions
48
44
68
-
chamber of commerce
2
1
2
-
other
18
17
26
-
unemployment
12
10
16
-
total
112
100
156
-
Corporate
206
249
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.

51
62
128
-
total
51
62
128
-
Dividends
154
187
-
-
withholding
42
51
-
-
total
42
51
-
-
Income
700
700
700
700
Total tax
309
302
462
326
After tax
391
398
238
374
Living cost
280
280
280
280
Free-cash
111
118
-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
£580
£552
£531
£447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
700
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
141
-
700
-
income
28
-
140
-
total
28
-
140
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

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

Estimated living cost  is £113 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£135
£247
£173
£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

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
health
-
-
-
69
pensions
-
-
-
128
unemployment
-
-
-
1
income
-
-
-
132
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
-
health
25
-
39
-
pensions
60
-
94
-
unemployment
1
-
1
-
income
67
-
122
-
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
251
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

£162
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
£85
£27
-£678
£179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
social contributions
-
-
-
80
income
-
-
-
136
total
-
-
-
216
Employee
572
-
-
-
social contributions
47
-
7
-
income
126
-
-
-
total
173
-
7
-
Employer
572
-
-
-
social contributions
806
-
115
-
total
806
-
115
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
income
-
120
-
-
total
-
120
-
-
Income
700
700
700
700
Total tax
979
274
122
216
After tax
-279
426
578
484
Living cost
399
399
399
399
Free-cash
-678
27
179
85

Estimated living cost  is £399 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£122
£123
£115
£93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
700
social contributions

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

-
-
-
243
income
-
-
-
60
surtax
-
-
-
-
total
-
-
-
303
Employee
404
-
566
-
surtax
-
-
-
-
social contributions
44
-
62
-
income
84
-
136
-
total
128
-
198
-
Employer
404
-
566
-
social contributions
96
-
134
-
total
96
-
134
-
Corporate
200
700
-
-
surtax
-
-
-
-
income
42
147
-
-
total
42
147
-
-
Dividends
158
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
-£17
-£72
-£21
-£10
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
6
other
-
-
-
22
pensions
-
-
-
205
social contributions
-
-
-
20
income
-
-
-
40
surtax
-
-
-
-
total
-
-
-
293
Employee
550
-
533
-
pensions
62
-
60
-
surtax
-
-
-
-
social contributions
16
-
15
-
income
48
-
44
-
total
126
-
119
-
Employer
550
-
533
-
health
38
-
37
-
pensions
90
-
88
-
other
19
-
18
-
social contributions
2
-
2
-
unemployment
22
-
22
-
total
171
-
167
-
Corporate
-
700
-
-
surtax
-
-
-
-
income
-
196
-
-
total
-
196
-
-
Dividends
-
504
-
-
social contributions
-
87
-
-
surtax
-
-
-
-
withholding
-
65
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
297
348
286
293
After tax
403
352
414
407
Living cost
424
424
424
424
Free-cash
-21
-72
-10
-17

Estimated living cost  is £424 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.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£275
£366
£337
£295
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
-
social contributions
18
-
39
-
income
-
-
8
-
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

£171
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
£21
-£1202
-£1202
-£1202
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
municipal
-
-
-
124
labour market
-
-
-
55
national
-
-
-
72
pensions
-
-
-
8
total
-
-
-
259
Employee
1 774
1 774
1 774
-
pensions
3
3
3
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
total
740
740
740
-
Employer
1 774
1 774
1 774
-
municipal
378
378
378
-
labour market
142
142
142
-
national
217
217
217
-
pensions
5
5
5
-
total
742
742
742
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
1 482
1 482
1 482
259
After tax
-782
-782
-782
441
Living cost
420
420
420
420
Free-cash
-1 202
-1 202
-1 202
21

Estimated living cost  is £420 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
£291
-£134
£28
£161
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
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
157
total
-
-
-
218
Employee
300
-
581
-
health
34
-
67
-
pensions
34
-
65
-
income
41
-
97
-
total
109
-
229
-
Employer
300
-
581
-
accident
5
-
10
-
pensions
49
-
95
-
unemployment
7
-
14
-
total
61
-
119
-
Corporate
339
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.

305
630
-
-
total
305
630
-
-
Dividends
34
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
481
643
348
218
After tax
219
57
352
482
Living cost
191
191
191
191
Free-cash
28
-134
161
291

Estimated living cost  is £191 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£179
£139
£105
£76
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
-
-
-
52
total
-
-
-
184
Employee
462
-
589
-
health
3
-
5
-
pensions
31
-
40
-
unemployment
7
-
9
-
national
8
-
25
-
municipal
76
-
96
-
total
125
-
175
-
Employer
462
-
589
-
health
4
-
5
-
accident
-
-
1
-
pensions
80
-
102
-
unemployment
3
-
4
-
total
87
-
112
-
Corporate
151
700
-
-
income
30
140
-
-
total
30
140
-
-
Dividends

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

91
420
-
-
national
-
8
-
-
municipal
16
76
-
-
total
16
84
-
-
Income
700
700
700
700
Total tax
258
224
287
184
After tax
442
476
413
516
Living cost
337
337
337
337
Free-cash
105
139
76
179

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
£315
£300
£261
£304
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
health
-
-
-
18
social contributions
-
-
-
109
income
-
-
-
55
total
-
-
-
182
Employee
675
675
675
-
health
5
11
11
-
social contributions
26
56
53
-
income
74
62
64
-
total
105
129
128
-
Employer
675
675
675
-
health
6
12
12
-
social contributions
26
56
53
-
total
32
68
65
-
Corporate
361
-
-
-
income
45
-
-
-
total
45
-
-
-
Dividends
316
-
-
-
withholding
54
-
-
-
total
54
-
-
-
Income
700
700
700
700
Total tax
236
197
193
182
After tax
464
503
507
518
Living cost
203
203
203
203
Free-cash
261
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
£409
£441
£396
£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

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

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

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

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

202
-
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
£133
£231
£184
£137
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
other
-
-
-
1
pensions
-
-
-
198
unemployment
-
-
-
5
income
-
-
-
116
total
-
-
-
326
Employee
325
-
531
-
pensions
15
-
25
-
unemployment
5
-
8
-
other
-
-
1
-
income
63
-
119
-
total
83
-
153
-
Employer
325
-
531
-
accident
6
-
11
-
pensions
77
-
125
-
other
3
-
4
-
unemployment
18
-
29
-
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
231
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
£429
£421
£419
£428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
9
pensions
-
-
-
12
income
-
-
-
234
total
-
-
-
255
Employee
25
-
686
-
health
1
-
3
-
pensions
2
-
5
-
unemployment
-
-
1
-
income
5
-
233
-
total
8
-
242
-
Employer
25
-
686
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
669
700
-
-
income
147
154
-
-
total
147
154
-
-
Dividends
522
546
-
-
withholding
104
109
-
-
total
104
109
-
-
Income
700
700
700
700
Total tax
265
263
256
255
After tax
435
437
444
445
Living cost
16
16
16
16
Free-cash
419
421
428
429

Estimated living cost  is £16 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
£197
£354
£309
£211
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
health
-
-
-
67
pensions
-
-
-
168
unemployment
-
-
-
10
income
-
-
-
106
total
-
-
-
351
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
-
health
12
-
31
-
pensions
32
-
83
-
unemployment
2
-
4
-
income
32
-
113
-
total
78
-
231
-
Employer

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

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

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

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
351
After tax
461
506
363
349
Living cost
152
152
152
152
Free-cash
309
354
211
197

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
£160
£161
£158
£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

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
700
social contributions

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

-
-
-
243
income
-
-
-
60
surtax
-
-
-
-
total
-
-
-
303
Employee
341
-
566
-
surtax
-
-
-
-
social contributions
37
-
62
-
income
67
-
136
-
total
104
-
198
-
Employer
341
-
566
-
social contributions
81
-
134
-
total
81
-
134
-
Corporate
278
700
-
-
surtax
-
-
-
-
income
58
147
-
-
total
58
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
237
237
237
237
Free-cash
158
161
131
160

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£65
£163
£97
£69
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
other
-
-
-
1
pensions
-
-
-
198
unemployment
-
-
-
5
income
-
-
-
116
total
-
-
-
326
Employee
424
-
531
-
pensions
20
-
25
-
unemployment
7
-
8
-
other
-
-
1
-
income
89
-
119
-
total
116
-
153
-
Employer
424
-
531
-
accident
8
-
11
-
pensions
100
-
125
-
other
3
-
4
-
unemployment
23
-
29
-
total
134
-
169
-
Corporate
141
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
294
228
322
326
After tax
406
472
378
374
Living cost
309
309
309
309
Free-cash
97
163
69
65

Estimated living cost  is £309 per week

£222
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
£363
£448
£394
£381
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
health
-
-
-
35
pensions

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

-
-
-
45
unemployment
-
-
-
1
income
-
-
-
105
total
-
-
-
186
Employee
200
-
640
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

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

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
461
700
-
-
income
46
70
-
-
total
46
70
-
-
Dividends
415
630
-
-
withholding
21
31
-
-
total
21
31
-
-
Income
700
700
700
700
Total tax
155
101
168
186
After tax
545
599
532
514
Living cost
151
151
151
151
Free-cash
394
448
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
£135
£24
£138
£177
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
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
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
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
total
-
-
-
226
Employee

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

437
-
700
-
health

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

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

60
-
60
-
surtax

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

2
-
6
-
income

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

36
-
118
-
total
98
-
184
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
263
700
-
-
trade
38
100
-
-
chamber of commerce
2
2
-
-
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
39
105
-
-
total
81
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
6
-
-
withholding
42
118
-
-
total
44
124
-
-
Income
700
700
700
700
Total tax
223
337
184
226
After tax
477
363
516
474
Living cost
339
339
339
339
Free-cash
138
24
177
135

Estimated living cost  is £339 per week

£234
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
£6
-£9
£9
£6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
135
social contributions
-
-
-
59
total
-
-
-
194
Employee
687
-
700
-
social contributions
57
-
59
-
income
130
-
135
-
total
187
-
194
-
Employer
687
-
700
-
total
-
-
-
-
Corporate
13
700
-
-
income
2
87
-
-
total
2
87
-
-
Dividends
12
613
-
-
withholding
2
122
-
-
total
2
122
-
-
Income
700
700
700
700
Total tax
191
209
194
194
After tax
509
491
506
506
Living cost
500
500
500
500
Free-cash
9
-9
6
6

Estimated living cost  is £500 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
£76
£90
£141
£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

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.

-
-
-
55
total
-
-
-
305
Employee
403
-
660
-
social contributions
40
-
40
-
income
44
-
108
-
total
84
-
148
-
Employer
403
-
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
305
After tax
460
409
512
395
Living cost
319
319
319
319
Free-cash
141
90
193
76

Estimated living cost  is £319 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
£198
£200
£152
£120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
pensions
-
-
-
48
income
-
-
-
130
total
-
-
-
178
Employee
445
-
619
-
health
6
-
9
-
pensions
34
-
55
-
income
81
-
111
-
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
£272
-£153
£23
£142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
health
-
-
-
19
accident
-
-
-
2
other
-
-
-
3
pensions
-
-
-
37
income
-
-
-
157
total
-
-
-
218
Employee
330
-
581
-
health
38
-
67
-
pensions
37
-
65
-
income
45
-
97
-
total
120
-
229
-
Employer
330
-
581
-
accident
6
-
10
-
pensions
54
-
95
-
unemployment
8
-
14
-
total
68
-
119
-
Corporate
303
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.

273
630
-
-
total
273
630
-
-
Dividends
30
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
467
643
348
218
After tax
233
57
352
482
Living cost
210
210
210
210
Free-cash
23
-153
142
272

Estimated living cost  is £210 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£287
£477
£434
£287
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
health insurance
-
-
-
52
work injury
-
-
-
3
pensions
-
-
-
129
unemployment
-
-
-
8
income
-
-
-
103
total
-
-
-
295
Employee

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

189
-
700
-
pensions
35
-
129
-
work injury
1
-
3
-
unemployment
2
-
8
-
health insurance
14
-
52
-
income
19
-
103
-
total
71
-
295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
511
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
511
700
-
-
withholding
77
105
-
-
total
77
105
-
-
Income
700
700
700
700
Total tax
148
105
295
295
After tax
552
595
405
405
Living cost
118
118
118
118
Free-cash
434
477
287
287

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
£17
£18
-£39
-£15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
regional
-
-
-
12
municipal
-
-
-
5
social contributions
-
-
-
180
national
-
-
-
136
total
-
-
-
333
Employee
740
-
700
-
regional
11
-
10
-
national
125
-
115
-
social contributions
249
-
236
-
municipal
4
-
4
-
total
389
-
365
-
Employer
740
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
34
-
-
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
350
350
350
350
Free-cash
-39
18
-15
17

Estimated living cost  is £350 per week

£246
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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[[ row[2] ]] [[ row[0] ]]

Estimated living cost

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