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
£92
£188
£205
£252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
trade
-
-
-
47
income

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

-
-
-
119
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.

-
-
-
59
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.

-
-
-
7
total
-
-
-
232
Employee

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

332
-
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.

59
-
59
-
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
-
7
-
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
-
119
-
total
69
-
185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
368
700
-
-
surtax

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

3
6
-
-
income
55
105
-
-
trade
58
110
-
-
chamber of commerce
2
2
-
-
total
118
223
-
-
Dividends
250
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
185
232
After tax
451
355
515
468
Living cost
263
263
263
263
Free-cash
188
92
252
205

Estimated living cost  is £263 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£1
-£40
-£11
-£5
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
-
-
-
71
pensions
-
-
-
84
national
-
-
-
110
social contributions
-
-
-
8
total
-
-
-
273
Employee
679
-
605
-
municipal
84
-
74
-
pensions
27
-
24
-
national
130
-
114
-
total
241
-
212
-
Employer
679
-
605
-
social contributions
7
-
7
-
pensions
54
-
48
-
total
61
-
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
302
263
267
273
After tax
398
437
433
427
Living cost
438
438
438
438
Free-cash
-40
-1
-5
-11

Estimated living cost  is £438 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£379
£308
£195
£215
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
microenterprise
-
-
-
-
income
-
-
-
99
surtax
-
-
-
-
social contributions

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

-
-
-
225
total
-
-
-
324
Employee
254
-
564
-
social contributions

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

28
-
62
-
surtax
-
-
-
-
income
45
-
106
-
total
73
-
168
-
Employer
254
-
564
-
social contributions

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

61
-
136
-
surtax
-
-
-
-
total
61
-
136
-
Corporate
385
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%.

77
140
-
-
total
77
140
-
-
Dividends

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

308
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
211
140
304
324
After tax
489
560
396
376
Living cost
181
181
181
181
Free-cash
308
379
215
195

Estimated living cost  is £181 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£115
-£163
£34
-£163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
106
pensions
-
-
-
102
health
-
-
-
94
total
-
-
-
302
Employee
741
741
741
-
health
114
97
114
-
income

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

121
121
121
-
pensions
133
102
133
-
total
368
320
368
-
Employer
741
741
741
-
unemployment
27
27
27
-
pensions
52
52
52
-
health
52
52
52
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
499
451
499
302
After tax
201
249
201
398
Living cost
364
364
364
364
Free-cash
-163
-115
-163
34

Estimated living cost  is £364 per week

£258
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.
£67
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
£48
£41
£15
£39
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
-
-
-
148
accident
-
-
-
1
pensions
-
-
-
76
other
-
-
-
81
unemployment
-
-
-
1
health
-
-
-
44
national
-
-
-
-
total
-
-
-
351
Employee
476
-
533
-
municipal
142
-
159
-
national
-
-
-
-
total
142
-
159
-
Employer
476
-
533
-
accident
1
-
1
-
other
55
-
62
-
unemployment
13
-
14
-
pensions
51
-
58
-
health
29
-
33
-
total
149
-
168
-
Corporate
75
700
-
-
income
16
154
-
-
total
16
154
-
-
Dividends
58
546
-
-
withholding
18
164
-
-
total
18
164
-
-
Income
700
700
700
700
Total tax
325
318
327
351
After tax
375
382
373
349
Living cost
334
334
334
334
Free-cash
41
48
39
15

Estimated living cost  is £334 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£10
£132
£125
£174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
trade
-
-
-
49
income

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

-
-
-
119
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.

-
-
-
59
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.

-
-
-
7
total
-
-
-
234
Employee

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

440
-
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.

59
-
59
-
surtax

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

2
-
7
-
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
-
119
-
total
99
-
185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
260
700
-
-
surtax

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

2
6
-
-
income
39
105
-
-
trade
43
115
-
-
chamber of commerce
2
2
-
-
total
86
228
-
-
Dividends
174
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
40
115
-
-
total
42
121
-
-
Income
700
700
700
700
Total tax
227
349
185
234
After tax
473
351
515
466
Living cost
341
341
341
341
Free-cash
132
10
174
125

Estimated living cost  is £341 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£224
£197
£236
£227
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
-
-
-
56
health
-
-
-
18
social contributions
-
-
-
109
total
-
-
-
183
Employee
667
667
667
-
social contributions
32
55
53
-
health
7
11
11
-
income
70
62
63
-
total
109
128
127
-
Employer
667
667
667
-
social contributions
32
55
53
-
health
7
12
12
-
total
39
67
65
-
Corporate
270
-
-
-
income
34
-
-
-
total
34
-
-
-
Dividends
236
-
-
-
withholding
40
-
-
-
total
40
-
-
-
Income
700
700
700
700
Total tax
222
195
192
183
After tax
478
505
508
517
Living cost
281
281
281
281
Free-cash
197
224
227
236

Estimated living cost  is £281 per week

£192
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£238
£241
£326
£247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
86
pensions
-
-
-
70
unemployment
-
-
-
11
health
-
-
-
49
total
-
-
-
216
Employee

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

The minimum wage is 138,000 HUF per month.

228
91
586
-
health
16
6
41
-
income
28
11
72
-
pensions
23
9
59
-
unemployment
3
1
9
-
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.

228
91
586
-
pensions
44
18
114
-
total
44
18
114
-
Corporate
428
592
-
-
income
38
53
-
-
total
38
53
-
-
Dividends
389
538
-
-
social contributions
75
104
-
-
withholding
74
102
-
-
total
149
206
-
-
Income
700
700
700
700
Total tax
301
304
295
216
After tax
399
396
405
484
Living cost
158
158
158
158
Free-cash
241
238
247
326

Estimated living cost  is £158 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£350
£296
£165
£194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
94
pensions
-
-
-
140
health
-
-
-
91
total
-
-
-
325
Employee
246
-
523
-
income
28
-
101
-
pensions
5
-
10
-
unemployment
4
-
8
-
total
37
-
119
-
Employer
246
-
523
-
unemployment
2
-
4
-
pensions
49
-
105
-
health
32
-
68
-
total
83
-
177
-
Corporate
371
700
-
-
income
74
140
-
-
total
74
140
-
-
Dividends
296
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
194
140
296
325
After tax
506
560
404
375
Living cost
210
210
210
210
Free-cash
296
350
194
165

Estimated living cost  is £210 per week

£144
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.
£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 Tallinn model

Close
Gdansk , Poland
-£133
£28
£292
£162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
2
income
-
-
-
158
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
218
Employee
299
-
581
-
health
34
-
67
-
income
41
-
97
-
pensions
34
-
65
-
total
109
-
229
-
Employer
299
-
581
-
accident
5
-
10
-
unemployment
7
-
14
-
pensions
49
-
95
-
total
61
-
119
-
Corporate
340
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.

306
630
-
-
total
306
630
-
-
Dividends
34
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
482
643
348
218
After tax
218
57
352
482
Living cost
190
190
190
190
Free-cash
28
-133
162
292

Estimated living cost  is £190 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.
£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

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
£587
£572
£615
£482
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
98
-
700
-
income
20
-
140
-
total
20
-
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%.

602
700
-
-
total
-
-
-
-
Dividends
602
700
-
-
withholding
30
35
-
-
total
30
35
-
-
Income
700
700
700
700
Total tax
50
35
140
7
After tax
650
665
560
693
Living cost
78
78
78
78
Free-cash
572
587
482
615

Estimated living cost  is £78 per week

£48
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£283
£225
£148
£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
income
-
-
-
89
pensions

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

-
-
-
168
other
-
-
-
33
health
-
-
-
31
total
-
-
-
321
Employee
315
-
559
-
health
4
-
8
-
income
54
-
96
-
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
-
total
83
-
149
-
Employer
315
-
559
-
accident
3
-
4
-
other
16
-
28
-
unemployment
3
-
6
-
pensions

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

54
-
95
-
health
4
-
8
-
total
80
-
141
-
Corporate
305
700
-
-
income
64
147
-
-
total
64
147
-
-
Dividends
241
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
231
231
231
231
Free-cash
225
283
179
148

Estimated living cost  is £231 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£60
-£241
-£62
-£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
income
-
-
-
130
pensions
-
-
-
48
total
-
-
-
178
Employee
826
-
619
-
health
14
-
9
-
income
149
-
111
-
pensions
80
-
55
-
total
243
-
175
-
Employer
826
-
619
-
pensions
98
-
69
-
health
16
-
12
-
total
114
-
81
-
Corporate
-
700
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£484
£444
£400
£419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
105
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
186
Employee
151
-
640
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
64
-
pensions

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

13
-
27
-
total
37
-
108
-
Employer
151
-
640
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
520
700
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
468
630
-
-
withholding
23
32
-
-
total
23
32
-
-
Income
700
700
700
700
Total tax
142
102
167
186
After tax
558
598
533
514
Living cost
114
114
114
114
Free-cash
444
484
419
400

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£232
-£245
-£83
-£280
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
-
-
-
106
pensions
-
-
-
102
health
-
-
-
94
total
-
-
-
302
Employee
805
741
741
-
health
100
97
114
-
income

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

121
121
121
-
pensions
102
102
133
-
total
323
320
368
-
Employer
805
741
741
-
unemployment
29
27
27
-
pensions
56
52
52
-
health
56
52
52
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
464
451
499
302
After tax
236
249
201
398
Living cost
481
481
481
481
Free-cash
-245
-232
-280
-83

Estimated living cost  is £481 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£273
£198
£133
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
60
health
-
-
-
94
solidarity contribution
-
-
-
-
social contributions
-
-
-
204
total
-
-
-
358
Employee
307
-
522
-
social contributions
20
-
34
-
health
41
-
71
-
solidarity contribution
-
-
-
-
income
37
-
63
-
total
98
-
168
-
Employer
307
-
522
-
social contributions
77
-
131
-
health
28
-
47
-
total
105
-
178
-
Corporate
289
700
-
-
income
55
133
-
-
total
55
133
-
-
Dividends
234
567
-
-
withholding
35
85
-
-
total
35
85
-
-
Income
700
700
700
700
Total tax
293
218
346
358
After tax
407
482
354
342
Living cost
209
209
209
209
Free-cash
198
273
145
133

Estimated living cost  is £209 per week

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

Source of data for Brno model

Close
Milan , Italy
£8
-£71
£6
-£28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
municipal
-
-
-
4
regional
-
-
-
7
national
-
-
-
137
social contributions
-
-
-
180
total
-
-
-
328
Employee
771
-
700
-
social contributions
260
-
236
-
regional
7
-
6
-
municipal
4
-
4
-
national
134
-
116
-
total
405
-
362
-
Employer
771
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
27
-
-
total
-
195
-
-
Dividends
-
505
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
700
700
700
700
Total tax
405
326
362
328
After tax
295
374
338
372
Living cost
366
366
366
366
Free-cash
-71
8
-28
6

Estimated living cost  is £366 per week

£255
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.
£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 Milan model

Close
Thessaloniki , Greece
£249
£223
£186
£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
income
-
-
-
119
pensions
-
-
-
140
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
50
surtax
-
-
-
12
total
-
-
-
323
Employee
287
-
578
-
other
-
-
-
-
health
7
-
15
-
surtax
1
-
11
-
income
48
-
111
-
pensions
19
-
39
-
unemployment
20
-
40
-
total
95
-
216
-
Employer
287
-
578
-
other
-
-
-
-
unemployment
9
-
18
-
pensions
38
-
77
-
health
13
-
26
-
total
60
-
121
-
Corporate
353
700
-
-
income
92
182
-
-
total
92
182
-
-
Dividends
261
518
-
-
withholding
39
78
-
-
total
39
78
-
-
Income
700
700
700
700
Total tax
286
260
337
323
After tax
414
440
363
377
Living cost
192
192
192
192
Free-cash
223
249
172
186

Estimated living cost  is £192 per week

£117
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £399 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£336
-£140
-£67
-£105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
city
-
-
-
7
pensions
-
-
-
64
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
-
-
-
21
health
-
-
-
2
national
-
-
-
3
total
-
-
-
111
Employee
767
-
627
-
city
8
-
7
-
regional
25
-
18
-
health
2
-
1
-
pensions
64
-
53
-
unemployment
-
-
-
-
national
4
-
3
-
total
103
-
82
-
Employer
767
-
627
-
other

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

15
-
13
-
unemployment
-
-
-
-
pensions
64
-
53
-
health
2
-
1
-
total
81
-
67
-
Corporate
-
700
-
-
regional
-
148
-
-
national
-
60
-
-
total
-
208
-
-
Dividends
-
492
-
-
withholding
-
172
-
-
total
-
172
-
-
Income
700
700
700
700
Total tax
184
380
149
111
After tax
516
320
551
589
Living cost
656
656
656
656
Free-cash
-140
-336
-105
-67

Estimated living cost  is £656 per week

£426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£162
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
-£50
£91
£66
£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
trade
-
-
-
51
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.

-
-
-
119
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.

-
-
-
59
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.

-
-
-
7
total
-
-
-
236
Employee

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

522
-
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.

59
-
59
-
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
-
7
-
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.

61
-
119
-
total
123
-
185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
178
700
-
-
surtax

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

1
6
-
-
income
27
105
-
-
trade
31
120
-
-
chamber of commerce
2
2
-
-
total
61
233
-
-
Dividends
118
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
26
113
-
-
total
27
119
-
-
Income
700
700
700
700
Total tax
211
352
185
236
After tax
489
348
515
464
Living cost
398
398
398
398
Free-cash
91
-50
117
66

Estimated living cost  is £398 per week

£290
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.
£70
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
£55
£106
£109
£116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
42
pensions
-
-
-
204
other
-
-
-
22
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
20
total
-
-
-
294
Employee
371
-
533
-
social contributions
11
-
15
-
surtax
-
-
-
-
income
22
-
45
-
pensions
42
-
60
-
total
75
-
120
-
Employer
371
-
533
-
other
13
-
18
-
social contributions
1
-
2
-
unemployment
15
-
22
-
pensions
61
-
88
-
health
26
-
37
-
total
116
-
167
-
Corporate
213
700
-
-
surtax
-
-
-
-
income
60
196
-
-
total
60
196
-
-
Dividends
153
504
-
-
surtax
-
-
-
-
social contributions
26
87
-
-
withholding
20
65
-
-
total
46
152
-
-
Income
700
700
700
700
Total tax
297
348
287
294
After tax
403
352
413
406
Living cost
297
297
297
297
Free-cash
106
55
116
109

Estimated living cost  is £297 per week

£187
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
£85
£136
£139
£146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
42
pensions
-
-
-
204
other
-
-
-
22
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
20
total
-
-
-
294
Employee
332
-
533
-
social contributions
9
-
15
-
surtax
-
-
-
-
income
17
-
45
-
pensions
38
-
60
-
total
64
-
120
-
Employer
332
-
533
-
other
11
-
18
-
social contributions
1
-
2
-
unemployment
13
-
22
-
pensions
54
-
88
-
health
23
-
37
-
total
102
-
167
-
Corporate
265
700
-
-
surtax
-
-
-
-
income
74
196
-
-
total
74
196
-
-
Dividends
191
504
-
-
surtax
-
-
-
-
social contributions
33
87
-
-
withholding
24
65
-
-
total
57
152
-
-
Income
700
700
700
700
Total tax
297
348
287
294
After tax
403
352
413
406
Living cost
268
268
268
268
Free-cash
136
85
146
139

Estimated living cost  is £268 per week

£155
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£243
£247
£265
£275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
105
health
-
-
-
49
social contributions
-
-
-
97
total
-
-
-
251
Employee
294
-
700
-
social contributions
41
-
97
-
health
21
-
49
-
income
49
-
95
-
total
111
-
241
-
Employer
294
-
700
-
total
-
-
-
-
Corporate
406
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
385
665
-
-
health
27
46
-
-
social contributions
53
92
-
-
withholding
58
100
-
-
total
138
238
-
-
Income
700
700
700
700
Total tax
269
273
241
251
After tax
431
427
459
449
Living cost
184
184
184
184
Free-cash
247
243
275
265

Estimated living cost  is £184 per week

£123
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.
£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 Vilnius model

Close
Vienna , Austria
£93
£76
£66
-£68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
chamber of commerce
-
-
-
3
income
-
-
-
87
pensions
-
-
-
129
unemployment
-
-
-
53
health
-
-
-
54
surtax
-
-
-
2
total
-
-
-
328
Employee
434
346
542
-
other
4
3
5
-
health
17
13
21
-
income
49
26
80
-
pensions
44
35
56
-
unemployment
13
10
16
-
total
127
87
178
-
Employer
434
346
542
-
accident
6
4
7
-
other
21
16
26
-
chamber of commerce
2
1
2
-
unemployment
13
10
16
-
surtax
2
2
2
-
pensions
54
43
68
-
payroll
13
10
16
-
health
16
13
20
-
total
127
99
157
-
Corporate
140
253
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.

35
63
127
-
total
35
63
127
-
Dividends
105
190
-
-
withholding
29
52
-
-
total
29
52
-
-
Income
700
700
700
700
Total tax
318
301
462
328
After tax
382
399
238
372
Living cost
306
306
306
306
Free-cash
76
93
-68
66

Estimated living cost  is £306 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£77
-£100
£30
-£32
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
national
-
-
-
218
communal

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

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

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

621
-
542
-
communal

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

32
-
28
-
health

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

29
-
25
-
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
191
-
160
-
total
304
-
259
-
Employer

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

621
-
542
-
accident

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

8
-
7
-
unemployment

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

9
-
8
-
surtax
70
-
61
-
pensions

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

55
-
48
-
health

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

38
-
33
-
total
180
-
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
484
307
416
354
After tax
216
393
284
346
Living cost
316
316
316
316
Free-cash
-100
77
-32
30

Estimated living cost  is £316 per week

£204
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.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£159
£90
£60
£65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
income
-
-
-
117
pensions
-
-
-
198
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
327
Employee
432
-
531
-
other
-
-
1
-
income
91
-
119
-
pensions
20
-
25
-
unemployment
7
-
8
-
total
118
-
153
-
Employer
432
-
531
-
accident
9
-
11
-
other
3
-
4
-
unemployment
24
-
29
-
pensions
102
-
125
-
total
138
-
169
-
Corporate
130
700
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

20
105
-
-
total
20
105
-
-
Dividends
111
595
-
-
withholding
21
123
-
-
total
21
123
-
-
Income
700
700
700
700
Total tax
297
228
322
327
After tax
403
472
378
373
Living cost
313
313
313
313
Free-cash
90
159
65
60

Estimated living cost  is £313 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£38
-£36
-£54
-£19
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
income
-
-
-
43
pensions
-
-
-
105
health
-
-
-
49
surtax
-
-
-
35
communal
-
-
-
44
total
-
-
-
282
Employee
657
-
625
-
health
29
-
28
-
surtax
40
-
38
-
income
63
-
56
-
pensions
53
-
50
-
total
185
-
172
-
Employer
657
-
625
-
accident
6
-
6
-
pensions
53
-
50
-
health
20
-
19
-
total
79
-
75
-
Corporate
-
700
-
-
surtax
-
7
-
-
communal
-
47
-
-
income
-
105
-
-
total
-
159
-
-
Dividends
-
540
-
-
income
-
26
-
-
withholding
-
81
-
-
total
-
107
-
-
Income
700
700
700
700
Total tax
264
266
247
282
After tax
436
434
453
418
Living cost
472
472
472
472
Free-cash
-36
-38
-19
-54

Estimated living cost  is £472 per week

£354
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.
£84
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
£245
£220
£182
£168
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
-
-
-
119
pensions
-
-
-
140
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
50
surtax
-
-
-
12
total
-
-
-
323
Employee
292
-
578
-
other
-
-
-
-
health
7
-
15
-
surtax
1
-
11
-
income
49
-
111
-
pensions
19
-
39
-
unemployment
20
-
40
-
total
96
-
216
-
Employer
292
-
578
-
other
-
-
-
-
unemployment
9
-
18
-
pensions
39
-
77
-
health
13
-
26
-
total
61
-
121
-
Corporate
346
700
-
-
income
90
182
-
-
total
90
182
-
-
Dividends
256
518
-
-
withholding
38
78
-
-
total
38
78
-
-
Income
700
700
700
700
Total tax
285
260
337
323
After tax
415
440
363
377
Living cost
195
195
195
195
Free-cash
220
245
168
182

Estimated living cost  is £195 per week

£118
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
£134
£116
£134
£101
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
-
-
-
4
regional
-
-
-
11
national
-
-
-
137
social contributions
-
-
-
180
total
-
-
-
332
Employee
481
-
700
-
social contributions
162
-
236
-
regional
6
-
9
-
municipal
3
-
4
-
national
76
-
116
-
total
247
-
365
-
Employer
481
-
700
-
total
-
-
-
-
Corporate
219
700
-
-
nationa
52
168
-
-
municipal
11
35
-
-
total
63
203
-
-
Dividends
155
497
-
-
withholding
40
129
-
-
total
40
129
-
-
Income
700
700
700
700
Total tax
350
332
365
332
After tax
350
368
335
368
Living cost
234
234
234
234
Free-cash
116
134
101
134

Estimated living cost  is £234 per week

£145
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
£225
£133
£85
£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
60
health
-
-
-
94
solidarity contribution
-
-
-
-
social contributions
-
-
-
204
total
-
-
-
358
Employee
378
-
522
-
social contributions
25
-
34
-
health
51
-
71
-
solidarity contribution
-
-
-
-
income
45
-
63
-
total
121
-
168
-
Employer
378
-
522
-
social contributions
95
-
131
-
health
34
-
47
-
total
129
-
178
-
Corporate
193
700
-
-
income
37
133
-
-
total
37
133
-
-
Dividends
157
567
-
-
withholding
23
85
-
-
total
23
85
-
-
Income
700
700
700
700
Total tax
310
218
346
358
After tax
390
482
354
342
Living cost
257
257
257
257
Free-cash
133
225
97
85

Estimated living cost  is £257 per week

£191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£122
£114
£97
-£40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
chamber of commerce
-
-
-
3
income
-
-
-
87
pensions
-
-
-
129
unemployment
-
-
-
53
health
-
-
-
54
surtax
-
-
-
-
total
-
-
-
326
Employee
379
346
544
-
other
4
3
5
-
health
15
13
21
-
income
34
26
81
-
pensions
39
35
56
-
unemployment
11
10
16
-
total
103
87
179
-
Employer
379
346
544
-
accident
5
4
7
-
other
18
16
26
-
chamber of commerce
2
1
2
-
unemployment
11
10
16
-
surtax
-
-
-
-
pensions
48
43
68
-
payroll
11
10
16
-
health
14
13
21
-
total
109
97
156
-
Corporate
211
255
511
-
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.

53
64
128
-
total
53
64
128
-
Dividends
159
191
-
-
withholding
44
53
-
-
total
44
53
-
-
Income
700
700
700
700
Total tax
309
301
463
326
After tax
391
399
237
374
Living cost
277
277
277
277
Free-cash
114
122
-40
97

Estimated living cost  is £277 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£543
£521
£571
£438
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
152
-
700
-
income
30
-
140
-
total
30
-
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%.

548
700
-
-
total
-
-
-
-
Dividends
548
700
-
-
withholding
27
35
-
-
total
27
35
-
-
Income
700
700
700
700
Total tax
57
35
140
7
After tax
643
665
560
693
Living cost
122
122
122
122
Free-cash
521
543
438
571

Estimated living cost  is £122 per week

£82
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.
£30
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
£249
£176
£136
£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
700
income
-
-
-
133
pensions
-
-
-
128
unemployment
-
-
-
1
health
-
-
-
69
total
-
-
-
331
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.

384
-
606
-
health
25
-
39
-
income
66
-
122
-
pensions
59
-
94
-
unemployment
1
-
1
-
total
151
-
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.

384
-
606
-
unemployment
-
-
-
-
pensions
34
-
54
-
health
26
-
40
-
total
60
-
94
-
Corporate
256
700
-
-
income
49
133
-
-
total
49
133
-
-
Dividends
208
567
-
-
withholding
31
85
-
-
total
31
85
-
-
Income
700
700
700
700
Total tax
291
218
350
331
After tax
409
482
350
369
Living cost
233
233
233
233
Free-cash
176
249
117
136

Estimated living cost  is £233 per week

£160
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
£53
-£590
£111
£213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
136
social contributions
-
-
-
80
total
-
-
-
216
Employee
535
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
535
-
-
-
social contributions
755
-
108
-
total
755
-
108
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
income
-
120
-
-
total
-
120
-
-
Income
700
700
700
700
Total tax
917
274
114
216
After tax
-217
426
586
484
Living cost
373
373
373
373
Free-cash
-590
53
213
111

Estimated living cost  is £373 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£126
£117
£124
£95
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
income
-
-
-
61
surtax
-
-
-
-
social contributions

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

-
-
-
243
total
-
-
-
304
Employee
399
-
566
-
social contributions
44
-
62
-
surtax
-
-
-
-
income
83
-
137
-
total
127
-
199
-
Employer
399
-
566
-
social contributions
95
-
134
-
total
95
-
134
-
Corporate
206
700
-
-
surtax
-
-
-
-
income
43
147
-
-
total
43
147
-
-
Dividends
163
553
-
-
withholding
46
155
-
-
total
46
155
-
-
Income
700
700
700
700
Total tax
311
302
333
304
After tax
389
398
367
396
Living cost
272
272
272
272
Free-cash
117
126
95
124

Estimated living cost  is £272 per week

£204
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
-£67
-£12
-£13
-£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
-
-
-
42
pensions
-
-
-
204
other
-
-
-
22
health
-
-
-
6
surtax
-
-
-
-
social contributions
-
-
-
20
total
-
-
-
294
Employee
544
-
533
-
social contributions
15
-
15
-
surtax
-
-
-
-
income
47
-
45
-
pensions
61
-
60
-
total
123
-
120
-
Employer
544
-
533
-
other
19
-
18
-
social contributions
2
-
2
-
unemployment
22
-
22
-
pensions
89
-
88
-
health
38
-
37
-
total
170
-
167
-
Corporate
-
700
-
-
surtax
-
-
-
-
income
-
196
-
-
total
-
196
-
-
Dividends
-
504
-
-
surtax
-
-
-
-
social contributions
-
87
-
-
withholding
-
65
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
293
348
287
294
After tax
407
352
413
406
Living cost
419
419
419
419
Free-cash
-12
-67
-6
-13

Estimated living cost  is £419 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
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
£369
£340
£277
£297
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
-
-
-
8
social contributions
-
-
-
154
total
-
-
-
162
Employee
279
-
606
-
income
-
-
9
-
social contributions
18
-
39
-
total
18
-
48
-
Employer
279
-
606
-
social contributions
43
-
94
-
total
43
-
94
-
Corporate
378
700
-
-
income
38
70
-
-
total
38
70
-
-
Dividends
340
630
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
99
70
142
162
After tax
601
630
558
538
Living cost
261
261
261
261
Free-cash
340
369
297
277

Estimated living cost  is £261 per week

£169
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
-£1192
-£1192
£23
-£1192
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
pensions
-
-
-
8
national
-
-
-
72
labour market
-
-
-
55
total
-
-
-
259
Employee
1 765
1 765
1 765
-
labour market
141
141
141
-
national
216
216
216
-
municipal
376
376
376
-
pensions
3
3
3
-
total
736
736
736
-
Employer
1 765
1 765
1 765
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
1 474
1 474
1 474
259
After tax
-774
-774
-774
441
Living cost
418
418
418
418
Free-cash
-1 192
-1 192
-1 192
23

Estimated living cost  is £418 per week

£286
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
-£130
£28
£295
£165
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
2
income
-
-
-
158
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
218
Employee
295
-
581
-
health
34
-
67
-
income
40
-
97
-
pensions
33
-
65
-
total
107
-
229
-
Employer
295
-
581
-
accident
5
-
10
-
unemployment
7
-
14
-
pensions
48
-
95
-
total
60
-
119
-
Corporate
345
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.

311
630
-
-
total
311
630
-
-
Dividends
35
70
-
-
withholding
7
13
-
-
total
7
13
-
-
Income
700
700
700
700
Total tax
485
643
348
218
After tax
215
57
352
482
Living cost
187
187
187
187
Free-cash
28
-130
165
295

Estimated living cost  is £187 per week

£136
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
£143
£109
£182
£79
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
700
municipal
-
-
-
125
health
-
-
-
7
national
-
-
-
53
total
-
-
-
185
Employee
457
-
589
-
health
3
-
5
-
municipal
75
-
96
-
pensions
31
-
40
-
unemployment
7
-
9
-
national
8
-
26
-
total
124
-
176
-
Employer
457
-
589
-
accident
-
-
1
-
unemployment
3
-
4
-
pensions
79
-
102
-
health
4
-
5
-
total
86
-
112
-
Corporate
157
700
-
-
income
31
140
-
-
total
31
140
-
-
Dividends

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

94
420
-
-
national
-
8
-
-
municipal
17
76
-
-
total
17
84
-
-
Income
700
700
700
700
Total tax
258
224
288
185
After tax
442
476
412
515
Living cost
333
333
333
333
Free-cash
109
143
79
182

Estimated living cost  is £333 per week

£218
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.
£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

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
£304
£265
£316
£307
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
-
-
-
56
health
-
-
-
18
social contributions
-
-
-
109
total
-
-
-
183
Employee
667
667
667
-
social contributions
25
55
53
-
health
5
11
11
-
income
73
62
63
-
total
103
128
127
-
Employer
667
667
667
-
social contributions
25
55
53
-
health
6
12
12
-
total
31
67
65
-
Corporate
365
-
-
-
income
46
-
-
-
total
46
-
-
-
Dividends
320
-
-
-
withholding
54
-
-
-
total
54
-
-
-
Income
700
700
700
700
Total tax
234
195
192
183
After tax
466
505
508
517
Living cost
201
201
201
201
Free-cash
265
304
307
316

Estimated living cost  is £201 per week

£120
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.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£442
£397
£412
£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

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
700
income
-
-
-
64
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
150
Employee

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

199
-
635
-
health
17
-
54
-
income
14
-
50
-
pensions
30
-
95
-
unemployment
1
-
3
-
total
62
-
202
-
Employer

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

199
-
635
-
unemployment
1
-
3
-
pensions
11
-
35
-
health
9
-
27
-
total
21
-
65
-
Corporate
480
700
-
-
income
43
63
-
-
total
43
63
-
-
Dividends
437
637
-
-
withholding
39
57
-
-
total
39
57
-
-
Income
700
700
700
700
Total tax
165
120
267
150
After tax
535
580
433
550
Living cost
138
138
138
138
Free-cash
397
442
295
412

Estimated living cost  is £138 per week

£88
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
£233
£187
£134
£139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
income
-
-
-
117
pensions
-
-
-
198
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
327
Employee
321
-
531
-
other
-
-
1
-
income
62
-
119
-
pensions
15
-
25
-
unemployment
5
-
8
-
total
82
-
153
-
Employer
321
-
531
-
accident
6
-
11
-
other
3
-
4
-
unemployment
18
-
29
-
pensions
76
-
125
-
total
103
-
169
-
Corporate
277
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.

42
105
-
-
total
42
105
-
-
Dividends
235
595
-
-
withholding
47
123
-
-
total
47
123
-
-
Income
700
700
700
700
Total tax
274
228
322
327
After tax
426
472
378
373
Living cost
239
239
239
239
Free-cash
187
233
139
134

Estimated living cost  is £239 per week

£161
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.
£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 Valencia model

Close
Istanbul , Turkey
£413
£410
£417
£415
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
-
-
-
229
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
259
Employee
36
-
681
-
health
2
-
4
-
income
7
-
228
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
241
-
Employer
36
-
681
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
656
700
-
-
income
144
154
-
-
total
144
154
-
-
Dividends
511
546
-
-
withholding
102
109
-
-
total
102
109
-
-
Income
700
700
700
700
Total tax
266
263
261
259
After tax
434
437
439
441
Living cost
24
24
24
24
Free-cash
410
413
415
417

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£356
£312
£199
£212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
700
income
-
-
-
108
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
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.

226
-
594
-
health
12
-
31
-
income
31
-
114
-
pensions
32
-
83
-
unemployment
2
-
4
-
total
77
-
232
-
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.

226
-
594
-
unemployment
2
-
4
-
pensions
27
-
71
-
health
12
-
31
-
total
41
-
106
-
Corporate
433
700
-
-
income
65
105
-
-
total
65
105
-
-
Dividends
368
595
-
-
withholding
55
89
-
-
total
55
89
-
-
Income
700
700
700
700
Total tax
238
194
338
351
After tax
462
506
362
349
Living cost
150
150
150
150
Free-cash
312
356
212
199

Estimated living cost  is £150 per week

£101
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
£164
£161
£162
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
income
-
-
-
61
surtax
-
-
-
-
social contributions

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

-
-
-
243
total
-
-
-
304
Employee
337
-
566
-
social contributions
37
-
62
-
surtax
-
-
-
-
income
66
-
137
-
total
103
-
199
-
Employer
337
-
566
-
social contributions
80
-
134
-
total
80
-
134
-
Corporate
283
700
-
-
surtax
-
-
-
-
income
59
147
-
-
total
59
147
-
-
Dividends
224
553
-
-
withholding
63
155
-
-
total
63
155
-
-
Income
700
700
700
700
Total tax
305
302
333
304
After tax
395
398
367
396
Living cost
234
234
234
234
Free-cash
161
164
133
162

Estimated living cost  is £234 per week

£166
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
£167
£102
£68
£73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
6
income
-
-
-
117
pensions
-
-
-
198
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
327
Employee
419
-
531
-
other
-
-
1
-
income
88
-
119
-
pensions
20
-
25
-
unemployment
6
-
8
-
total
114
-
153
-
Employer
419
-
531
-
accident
8
-
11
-
other
3
-
4
-
unemployment
23
-
29
-
pensions
99
-
125
-
total
133
-
169
-
Corporate
147
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.

22
105
-
-
total
22
105
-
-
Dividends
125
595
-
-
withholding
24
123
-
-
total
24
123
-
-
Income
700
700
700
700
Total tax
293
228
322
327
After tax
407
472
378
373
Living cost
305
305
305
305
Free-cash
102
167
73
68

Estimated living cost  is £305 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£449
£397
£365
£384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
105
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
186
Employee
198
-
640
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
64
-
pensions

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

17
-
27
-
total
48
-
108
-
Employer
198
-
640
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
463
700
-
-
income
46
70
-
-
total
46
70
-
-
Dividends
417
630
-
-
withholding
21
32
-
-
total
21
32
-
-
Income
700
700
700
700
Total tax
154
102
167
186
After tax
546
598
533
514
Living cost
149
149
149
149
Free-cash
397
449
384
365

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£27
£141
£137
£180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
trade
-
-
-
43
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.

-
-
-
119
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.

-
-
-
59
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.

-
-
-
7
total
-
-
-
228
Employee

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

432
-
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.

59
-
59
-
surtax

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

2
-
7
-
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
-
119
-
total
97
-
185
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
268
700
-
-
surtax

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

2
6
-
-
income
40
105
-
-
trade
38
100
-
-
chamber of commerce
2
2
-
-
total
82
213
-
-
Dividends
186
486
-
-
surtax

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

2
7
-
-
withholding
43
118
-
-
total
45
125
-
-
Income
700
700
700
700
Total tax
224
338
185
228
After tax
476
362
515
472
Living cost
335
335
335
335
Free-cash
141
27
180
137

Estimated living cost  is £335 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.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-£4
£15
£10
£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
income
-
-
-
137
social contributions
-
-
-
59
total
-
-
-
196
Employee
679
-
700
-
income
128
-
137
-
social contributions
56
-
59
-
total
184
-
196
-
Employer
679
-
700
-
total
-
-
-
-
Corporate
21
700
-
-
income
3
88
-
-
total
3
88
-
-
Dividends
18
612
-
-
withholding
4
122
-
-
total
4
122
-
-
Income
700
700
700
700
Total tax
191
210
196
196
After tax
509
490
504
504
Living cost
494
494
494
494
Free-cash
15
-4
10
10

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
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

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
£94
£144
£80
£196
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
-
-
-
247
health

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

-
-
-
58
total
-
-
-
305
Employee
398
-
660
-
income
43
-
109
-
social contributions
40
-
40
-
total
83
-
149
-
Employer
398
-
660
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
262
700
-
-
income
92
245
-
-
total
92
245
-
-
Dividends
170
455
-
-
social contributions
26
46
-
-
total
26
46
-
-
Income
700
700
700
700
Total tax
241
291
189
305
After tax
459
409
511
395
Living cost
315
315
315
315
Free-cash
144
94
196
80

Estimated living cost  is £315 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

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

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-£149
£26
£276
£146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
accident
-
-
-
2
income
-
-
-
158
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
218
Employee
324
-
581
-
health
37
-
67
-
income
44
-
97
-
pensions
36
-
65
-
total
117
-
229
-
Employer
324
-
581
-
accident
5
-
10
-
unemployment
8
-
14
-
pensions
53
-
95
-
total
66
-
119
-
Corporate
310
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.

279
630
-
-
total
279
630
-
-
Dividends
31
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
468
643
348
218
After tax
232
57
352
482
Living cost
206
206
206
206
Free-cash
26
-149
146
276

Estimated living cost  is £206 per week

£151
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
£478
£435
£287
£290
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
work injury
-
-
-
4
health insurance
-
-
-
52
income
-
-
-
103
pensions
-
-
-
129
unemployment
-
-
-
8
total
-
-
-
296
Employee

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

188
-
700
-
work injury
1
-
3
-
income
19
-
103
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
293
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
512
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
512
700
-
-
withholding
77
105
-
-
total
77
105
-
-
Income
700
700
700
700
Total tax
148
105
293
296
After tax
552
595
407
404
Living cost
117
117
117
117
Free-cash
435
478
290
287

Estimated living cost  is £117 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.
£32
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
£22
-£32
£20
-£12
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
municipal
-
-
-
5
regional
-
-
-
12
national
-
-
-
137
social contributions
-
-
-
180
total
-
-
-
334
Employee
731
-
700
-
social contributions
247
-
236
-
regional
11
-
10
-
municipal
4
-
4
-
national
124
-
116
-
total
386
-
366
-
Employer
731
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
34
-
-
total
-
202
-
-
Dividends
-
498
-
-
withholding
-
130
-
-
total
-
130
-
-
Income
700
700
700
700
Total tax
386
332
366
334
After tax
314
368
334
366
Living cost
346
346
346
346
Free-cash
-32
22
-12
20

Estimated living cost  is £346 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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Estimated living cost

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