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
£ 750
per

Your estimated
City
free-cash

Dresden , Germany
£208
£112
£280
£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

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

-
-
-
750
trade
-
-
-
53
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.

-
-
-
133
health

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

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

-
-
-
61
surtax

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

-
-
-
7
total
-
-
-
254
Employee

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

340
-
750
-
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
-
health

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

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

61
-
61
-
income

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

9
-
133
-
total
71
-
201
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
410
750
-
-
trade
65
118
-
-
income
62
112
-
-
surtax

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

3
6
-
-
chamber of commerce
2
2
-
-
total
132
238
-
-
Dividends
279
511
-
-
withholding
66
124
-
-
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.

4
7
-
-
total
70
131
-
-
Income
750
750
750
750
Total tax
273
369
201
254
After tax
477
381
549
496
Living cost
269
269
269
269
Free-cash
208
112
280
227

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-£19
£13
£8
£3
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
8
pensions
-
-
-
90
municipal
-
-
-
76
national
-
-
-
118
total
-
-
-
292
Employee
705
-
648
-
national
135
-
123
-
municipal
87
-
79
-
pensions
28
-
26
-
total
250
-
228
-
Employer
705
-
648
-
pensions
56
-
52
-
social contributions
8
-
7
-
total
64
-
59
-
Corporate
-
750
-
-
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%.

-
150
-
-
total
-
150
-
-
Dividends
-
600
-
-
withholding
-
132
-
-
total
-
132
-
-
Income
750
750
750
750
Total tax
314
282
287
292
After tax
436
468
463
458
Living cost
455
455
455
455
Free-cash
-19
13
8
3

Estimated living cost  is £455 per week

£309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£341
£415
£239
£217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
750
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.

-
-
-
241
income
-
-
-
107
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
348
Employee
260
-
604
-
surtax
-
-
-
-
social contributions

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

29
-
66
-
income
46
-
114
-
total
75
-
180
-
Employer
260
-
604
-
social contributions

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

63
-
146
-
surtax
-
-
-
-
total
63
-
146
-
Corporate
428
750
-
-
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%.

86
150
-
-
total
86
150
-
-
Dividends

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

342
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
224
150
326
348
After tax
526
600
424
402
Living cost
185
185
185
185
Free-cash
341
415
239
217

Estimated living cost  is £185 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
-£132
-£82
-£132
£54
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
121
pensions
-
-
-
104
health
-
-
-
99
total
-
-
-
324
Employee
759
759
759
-
health
116
99
116
-
pensions
137
104
137
-
income

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

124
124
124
-
total
377
327
377
-
Employer
759
759
759
-
pensions
53
53
53
-
unemployment
27
27
27
-
health
53
53
53
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
510
460
510
324
After tax
240
290
240
426
Living cost
372
372
372
372
Free-cash
-132
-82
-132
54

Estimated living cost  is £372 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£37
£44
£36
£8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
87
unemployment
-
-
-
1
pensions
-
-
-
81
municipal
-
-
-
159
accident
-
-
-
2
national
-
-
-
-
health
-
-
-
47
total
-
-
-
377
Employee
521
-
571
-
national
-
-
-
-
municipal
155
-
170
-
total
155
-
170
-
Employer
521
-
571
-
other
60
-
66
-
accident
1
-
1
-
pensions
56
-
62
-
unemployment
14
-
15
-
health
32
-
35
-
total
163
-
179
-
Corporate
66
750
-
-
income
15
165
-
-
total
15
165
-
-
Dividends
51
585
-
-
withholding
15
176
-
-
total
15
176
-
-
Income
750
750
750
750
Total tax
348
341
349
377
After tax
402
409
401
373
Living cost
365
365
365
365
Free-cash
37
44
36
8

Estimated living cost  is £365 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£151
£28
£200
£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

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

-
-
-
750
trade
-
-
-
55
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.

-
-
-
133
health

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

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

-
-
-
61
surtax

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

-
-
-
7
total
-
-
-
256
Employee

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

451
-
750
-
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
-
health

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

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

61
-
61
-
income

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

39
-
133
-
total
102
-
201
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
299
750
-
-
trade
49
123
-
-
income
45
112
-
-
surtax

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

2
6
-
-
chamber of commerce
2
2
-
-
total
98
243
-
-
Dividends
201
506
-
-
withholding
47
123
-
-
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
-
-
total
50
130
-
-
Income
750
750
750
750
Total tax
250
373
201
256
After tax
500
377
549
494
Living cost
349
349
349
349
Free-cash
151
28
200
145

Estimated living cost  is £349 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£225
£260
£260
£263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
117
income
-
-
-
63
health
-
-
-
19
total
-
-
-
199
Employee
683
683
683
-
health
7
12
12
-
social contributions
33
57
57
-
income
72
63
63
-
total
112
132
132
-
Employer
683
683
683
-
social contributions
33
57
57
-
health
7
13
13
-
total
40
70
70
-
Corporate
309
-
-
-
income
39
-
-
-
total
39
-
-
-
Dividends
271
-
-
-
withholding
46
-
-
-
total
46
-
-
-
Income
750
750
750
750
Total tax
237
202
202
199
After tax
513
548
548
551
Living cost
288
288
288
288
Free-cash
225
260
260
263

Estimated living cost  is £288 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£261
£258
£270
£354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
11
income
-
-
-
92
pensions
-
-
-
75
health
-
-
-
53
total
-
-
-
231
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.

238
95
628
-
unemployment
4
1
9
-
health
17
7
44
-
pensions
24
9
63
-
income
29
12
77
-
total
74
29
193
-
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.

238
95
628
-
pensions
47
19
122
-
total
47
19
122
-
Corporate
465
637
-
-
income
42
57
-
-
total
42
57
-
-
Dividends
423
579
-
-
withholding
80
110
-
-
social contributions
81
112
-
-
total
161
222
-
-
Income
750
750
750
750
Total tax
324
327
315
231
After tax
426
423
435
519
Living cost
165
165
165
165
Free-cash
261
258
270
354

Estimated living cost  is £165 per week

£113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£330
£385
£218
£187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
100
pensions
-
-
-
150
health
-
-
-
98
total
-
-
-
348
Employee
252
-
561
-
unemployment
4
-
9
-
pensions
5
-
11
-
income
28
-
108
-
total
37
-
128
-
Employer
252
-
561
-
pensions
50
-
112
-
unemployment
2
-
4
-
health
33
-
73
-
total
85
-
189
-
Corporate
413
750
-
-
income
83
150
-
-
total
83
150
-
-
Dividends
330
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
205
150
317
348
After tax
545
600
433
402
Living cost
215
215
215
215
Free-cash
330
385
218
187

Estimated living cost  is £215 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£31
-£138
£180
£317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
3
income
-
-
-
171
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
234
Employee
314
-
624
-
health
36
-
71
-
pensions
35
-
69
-
income
43
-
106
-
total
114
-
246
-
Employer
314
-
624
-
accident
5
-
10
-
pensions
51
-
100
-
unemployment
8
-
15
-
total
64
-
125
-
Corporate
372
750
-
-
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.

335
675
-
-
total
335
675
-
-
Dividends
37
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
520
689
371
234
After tax
230
61
379
516
Living cost
199
199
199
199
Free-cash
31
-138
180
317

Estimated living cost  is £199 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£627
£641
£528
£670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
750
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
90
-
750
-
income
18
-
150
-
total
18
-
150
-
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%.

660
750
-
-
total
-
-
-
-
Dividends
660
750
-
-
withholding
33
37
-
-
total
33
37
-
-
Income
750
750
750
750
Total tax
51
37
150
8
After tax
699
713
600
742
Living cost
72
72
72
72
Free-cash
627
641
528
670

Estimated living cost  is £72 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£252
£314
£203
£169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
36
income
-
-
-
95
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.

-
-
-
180
health
-
-
-
33
total
-
-
-
344
Employee
323
-
599
-
unemployment
3
-
6
-
health
5
-
8
-
pensions

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

23
-
42
-
income
56
-
103
-
total
87
-
159
-
Employer
323
-
599
-
other
16
-
30
-
accident
3
-
5
-
pensions

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

55
-
102
-
unemployment
3
-
6
-
health
5
-
8
-
total
82
-
151
-
Corporate
346
750
-
-
income
73
158
-
-
total
73
158
-
-
Dividends
273
592
-
-
withholding
19
41
-
-
total
19
41
-
-
Income
750
750
750
750
Total tax
261
199
310
344
After tax
489
551
440
406
Living cost
237
237
237
237
Free-cash
252
314
203
169

Estimated living cost  is £237 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£191
-£22
-£110
-£26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
826
-
662
-
health
14
-
10
-
pensions
80
-
60
-
income
149
-
118
-
total
243
-
188
-
Employer
826
-
662
-
pensions
98
-
75
-
health
16
-
13
-
total
114
-
88
-
Corporate
-
750
-
-
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.

-
142
-
-
total
-
142
-
-
Dividends
-
608
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
750
750
750
750
Total tax
357
188
276
192
After tax
393
562
474
558
Living cost
584
584
584
584
Free-cash
-191
-22
-110
-26

Estimated living cost  is £584 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£483
£525
£461
£439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
1
income
-
-
-
112
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
195
Employee
154
-
689
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
14
-
pensions

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

14
-
27
-
income
15
-
69
-
total
38
-
113
-
Employer
154
-
689
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
34
-
unemployment
1
-
2
-
health
11
-
21
-
total
31
-
60
-
Corporate
566
750
-
-
income
57
75
-
-
total
57
75
-
-
Dividends
509
675
-
-
withholding
25
34
-
-
total
25
34
-
-
Income
750
750
750
750
Total tax
151
109
173
195
After tax
599
641
577
555
Living cost
116
116
116
116
Free-cash
483
525
461
439

Estimated living cost  is £116 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£218
-£203
-£253
-£67
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
121
pensions
-
-
-
104
health
-
-
-
99
total
-
-
-
324
Employee
824
759
759
-
health
103
99
116
-
pensions
104
104
137
-
income

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

124
124
124
-
total
331
327
377
-
Employer
824
759
759
-
pensions
57
53
53
-
unemployment
30
27
27
-
health
57
53
53
-
total
144
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
475
460
510
324
After tax
275
290
240
426
Living cost
493
493
493
493
Free-cash
-218
-203
-253
-67

Estimated living cost  is £493 per week

£363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£217
£295
£160
£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
-
-
-
750
social contributions
-
-
-
219
income
-
-
-
64
health
-
-
-
101
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
325
-
560
-
solidarity contribution
-
-
-
-
health
44
-
76
-
social contributions
21
-
36
-
income
39
-
67
-
total
104
-
179
-
Employer
325
-
560
-
social contributions
81
-
140
-
health
29
-
50
-
total
110
-
190
-
Corporate
315
750
-
-
income
60
143
-
-
total
60
143
-
-
Dividends
255
607
-
-
withholding
38
91
-
-
total
38
91
-
-
Income
750
750
750
750
Total tax
312
234
369
384
After tax
438
516
381
366
Living cost
221
221
221
221
Free-cash
217
295
160
145

Estimated living cost  is £221 per week

£153
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£39
£25
-£16
£20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
regional
-
-
-
8
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
150
total
-
-
-
355
Employee
790
-
750
-
national
137
-
127
-
regional
7
-
7
-
municipal
4
-
4
-
social contributions
266
-
253
-
total
414
-
391
-
Employer
790
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
nationa
-
180
-
-
municipal
-
29
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
414
350
391
355
After tax
336
400
359
395
Living cost
375
375
375
375
Free-cash
-39
25
-16
20

Estimated living cost  is £375 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£248
£276
£190
£204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
131
pensions
-
-
-
150
health
-
-
-
53
surtax
-
-
-
14
total
-
-
-
350
Employee
294
-
620
-
surtax
1
-
12
-
unemployment
20
-
43
-
other
-
-
-
-
health
8
-
16
-
pensions
20
-
41
-
income
49
-
121
-
total
98
-
233
-
Employer
294
-
620
-
other
-
-
-
-
pensions
39
-
83
-
unemployment
9
-
20
-
health
13
-
28
-
total
61
-
131
-
Corporate
394
750
-
-
income
103
195
-
-
total
103
195
-
-
Dividends
292
555
-
-
withholding
44
83
-
-
total
44
83
-
-
Income
750
750
750
750
Total tax
306
278
364
350
After tax
444
472
386
400
Living cost
196
196
196
196
Free-cash
248
276
190
204

Estimated living cost  is £196 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£93
£163
£75
£159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
554
-
662
-
health
8
-
10
-
pensions
47
-
60
-
income
100
-
118
-
total
155
-
188
-
Employer
554
-
662
-
pensions
60
-
75
-
health
11
-
13
-
total
71
-
88
-
Corporate
126
750
-
-
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.

24
142
-
-
total
24
142
-
-
Dividends
102
608
-
-
withholding
8
46
-
-
total
8
46
-
-
Income
750
750
750
750
Total tax
258
188
276
192
After tax
492
562
474
558
Living cost
399
399
399
399
Free-cash
93
163
75
159

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
-£150
-£360
-£110
-£71
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
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.

-
-
-
15
city
-
-
-
8
regional
-
-
-
22
pensions
-
-
-
69
national
-
-
-
3
health
-
-
-
2
total
-
-
-
119
Employee
821
-
671
-
national
4
-
3
-
unemployment
-
-
-
-
city
9
-
7
-
regional
27
-
19
-
health
2
-
2
-
pensions
69
-
56
-
total
111
-
87
-
Employer
821
-
671
-
other

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

16
-
13
-
pensions
69
-
56
-
unemployment
-
-
-
-
health
2
-
2
-
total
87
-
71
-
Corporate
-
750
-
-
regional
-
159
-
-
national
-
64
-
-
total
-
223
-
-
Dividends
-
528
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
750
750
750
750
Total tax
198
408
158
119
After tax
552
342
592
631
Living cost
702
702
702
702
Free-cash
-150
-360
-110
-71

Estimated living cost  is £702 per week

£456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£109
-£35
£142
£84
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
750
trade
-
-
-
58
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.

-
-
-
133
health

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

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

-
-
-
61
surtax

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

-
-
-
7
total
-
-
-
259
Employee

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

534
-
750
-
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
-
health

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

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

61
-
61
-
income

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

63
-
133
-
total
127
-
201
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
216
750
-
-
trade
37
129
-
-
income
32
112
-
-
surtax

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

2
6
-
-
chamber of commerce
2
2
-
-
total
73
249
-
-
Dividends
143
500
-
-
withholding
32
122
-
-
surtax

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

2
7
-
-
total
34
129
-
-
Income
750
750
750
750
Total tax
234
378
201
259
After tax
516
372
549
491
Living cost
407
407
407
407
Free-cash
109
-35
142
84

Estimated living cost  is £407 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£128
£74
£134
£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
-
-
-
750
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
52
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
313
Employee
380
-
572
-
surtax
-
-
-
-
pensions
43
-
65
-
social contributions
11
-
16
-
income
22
-
52
-
total
76
-
133
-
Employer
380
-
572
-
other
13
-
20
-
pensions
62
-
94
-
unemployment
15
-
23
-
social contributions
1
-
2
-
health
27
-
40
-
total
118
-
179
-
Corporate
251
750
-
-
income
70
210
-
-
surtax
-
-
-
-
total
70
210
-
-
Dividends
181
540
-
-
withholding
23
69
-
-
social contributions
31
93
-
-
surtax
-
-
-
-
total
54
162
-
-
Income
750
750
750
750
Total tax
318
372
312
313
After tax
432
378
438
437
Living cost
304
304
304
304
Free-cash
128
74
134
133

Estimated living cost  is £304 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£152
£104
£164
£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
-
-
-
750
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
52
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
313
Employee
339
-
572
-
surtax
-
-
-
-
pensions
38
-
65
-
social contributions
10
-
16
-
income
18
-
52
-
total
66
-
133
-
Employer
339
-
572
-
other
12
-
20
-
pensions
56
-
94
-
unemployment
14
-
23
-
social contributions
1
-
2
-
health
24
-
40
-
total
107
-
179
-
Corporate
305
750
-
-
income
85
210
-
-
surtax
-
-
-
-
total
85
210
-
-
Dividends
219
540
-
-
withholding
28
69
-
-
social contributions
38
93
-
-
surtax
-
-
-
-
total
66
162
-
-
Income
750
750
750
750
Total tax
324
372
312
313
After tax
426
378
438
437
Living cost
274
274
274
274
Free-cash
152
104
164
163

Estimated living cost  is £274 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£274
£270
£303
£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
-
-
-
750
social contributions
-
-
-
103
income
-
-
-
112
health
-
-
-
52
total
-
-
-
267
Employee
301
-
750
-
health
21
-
52
-
social contributions
42
-
103
-
income
50
-
104
-
total
113
-
259
-
Employer
301
-
750
-
total
-
-
-
-
Corporate
449
750
-
-
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%.

22
37
-
-
total
22
37
-
-
Dividends
426
713
-
-
health
30
50
-
-
withholding
64
107
-
-
social contributions
59
98
-
-
total
153
255
-
-
Income
750
750
750
750
Total tax
288
292
259
267
After tax
462
458
491
483
Living cost
188
188
188
188
Free-cash
274
270
303
295

Estimated living cost  is £188 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£97
£109
-£63
£84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
chamber of commerce
-
-
-
3
unemployment
-
-
-
54
income
-
-
-
98
pensions
-
-
-
139
health
-
-
-
57
surtax
-
-
-
2
total
-
-
-
353
Employee
444
354
581
-
unemployment
13
11
17
-
other
4
4
6
-
health
17
14
22
-
pensions
45
36
59
-
income
51
26
90
-
total
130
91
194
-
Employer
444
354
581
-
payroll
13
11
17
-
other
21
17
28
-
accident
6
5
8
-
pensions
56
44
73
-
unemployment
13
11
17
-
chamber of commerce
2
1
2
-
surtax
2
2
2
-
health
17
13
22
-
total
130
104
169
-
Corporate
176
292
547
-
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.

44
73
137
-
total
44
73
137
-
Dividends
132
219
-
-
withholding
36
60
-
-
total
36
60
-
-
Income
750
750
750
750
Total tax
340
328
500
353
After tax
410
422
250
397
Living cost
313
313
313
313
Free-cash
97
109
-63
84

Estimated living cost  is £313 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-£70
£97
-£23
£43
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
110
national
-
-
-
235
communal

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

-
-
-
38
total
-
-
-
383
Employee

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

636
-
581
-
national
195
-
174
-
unemployment

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

6
-
5
-
health

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

30
-
27
-
pensions

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

48
-
44
-
communal

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

33
-
30
-
total
312
-
280
-
Employer

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

636
-
581
-
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
-
8
-
pensions

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

56
-
51
-
unemployment

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

9
-
8
-
surtax
72
-
66
-
health

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

39
-
36
-
total
184
-
169
-
Corporate
-
750
-
-
income
-
150
-
-
surtax
-
3
-
-
total
-
153
-
-
Dividends
-
597
-
-
withholding

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

-
176
-
-
total
-
176
-
-
Income
750
750
750
750
Total tax
496
329
449
383
After tax
254
421
301
367
Living cost
324
324
324
324
Free-cash
-70
97
-23
43

Estimated living cost  is £324 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£114
£185
£82
£77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
127
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
352
Employee
442
-
569
-
unemployment
7
-
9
-
other
-
-
1
-
pensions
21
-
27
-
income
93
-
129
-
total
121
-
166
-
Employer
442
-
569
-
other
4
-
5
-
accident
9
-
11
-
pensions
104
-
134
-
unemployment
24
-
31
-
total
141
-
181
-
Corporate
167
750
-
-
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.

25
112
-
-
total
25
112
-
-
Dividends
142
638
-
-
withholding
28
132
-
-
total
28
132
-
-
Income
750
750
750
750
Total tax
315
244
347
352
After tax
435
506
403
398
Living cost
321
321
321
321
Free-cash
114
185
82
77

Estimated living cost  is £321 per week

£236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£4
-£20
-£2
-£38
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
50
pensions
-
-
-
112
accident
-
-
-
6
communal
-
-
-
47
health
-
-
-
53
surtax
-
-
-
37
total
-
-
-
305
Employee
673
-
670
-
surtax
41
-
41
-
health
30
-
30
-
pensions
54
-
54
-
income
65
-
64
-
total
190
-
189
-
Employer
673
-
670
-
accident
6
-
6
-
pensions
54
-
54
-
health
21
-
20
-
total
81
-
80
-
Corporate
-
750
-
-
income
-
112
-
-
communal
-
51
-
-
surtax
-
8
-
-
total
-
171
-
-
Dividends
-
579
-
-
withholding
-
87
-
-
income
-
29
-
-
total
-
116
-
-
Income
750
750
750
750
Total tax
271
287
269
305
After tax
479
463
481
445
Living cost
483
483
483
483
Free-cash
-4
-20
-2
-38

Estimated living cost  is £483 per week

£362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£243
£272
£186
£200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
131
pensions
-
-
-
150
health
-
-
-
53
surtax
-
-
-
14
total
-
-
-
350
Employee
299
-
620
-
surtax
1
-
12
-
unemployment
21
-
43
-
other
-
-
-
-
health
8
-
16
-
pensions
20
-
41
-
income
50
-
121
-
total
100
-
233
-
Employer
299
-
620
-
other
-
-
-
-
pensions
40
-
83
-
unemployment
9
-
20
-
health
14
-
28
-
total
63
-
131
-
Corporate
388
750
-
-
income
101
195
-
-
total
101
195
-
-
Dividends
287
555
-
-
withholding
43
83
-
-
total
43
83
-
-
Income
750
750
750
750
Total tax
307
278
364
350
After tax
443
472
386
400
Living cost
200
200
200
200
Free-cash
243
272
186
200

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£135
£155
£117
£153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
regional
-
-
-
11
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
150
total
-
-
-
358
Employee
493
-
750
-
national
78
-
127
-
regional
7
-
10
-
municipal
3
-
4
-
social contributions
166
-
253
-
total
254
-
394
-
Employer
493
-
750
-
total
-
-
-
-
Corporate
257
750
-
-
nationa
62
180
-
-
municipal
13
37
-
-
total
75
217
-
-
Dividends
183
533
-
-
withholding
47
139
-
-
total
47
139
-
-
Income
750
750
750
750
Total tax
376
356
394
358
After tax
374
394
356
392
Living cost
239
239
239
239
Free-cash
135
155
117
153

Estimated living cost  is £239 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£147
£244
£109
£94
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
219
income
-
-
-
64
health
-
-
-
101
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
400
-
560
-
solidarity contribution
-
-
-
-
health
54
-
76
-
social contributions
26
-
36
-
income
48
-
67
-
total
128
-
179
-
Employer
400
-
560
-
social contributions
100
-
140
-
health
36
-
50
-
total
136
-
190
-
Corporate
214
750
-
-
income
41
143
-
-
total
41
143
-
-
Dividends
173
607
-
-
withholding
26
91
-
-
total
26
91
-
-
Income
750
750
750
750
Total tax
331
234
369
384
After tax
419
516
381
366
Living cost
272
272
272
272
Free-cash
147
244
109
94

Estimated living cost  is £272 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£134
£140
-£33
£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
-
-
-
750
chamber of commerce
-
-
-
3
unemployment
-
-
-
54
income
-
-
-
98
pensions
-
-
-
139
health
-
-
-
57
surtax
-
-
-
-
total
-
-
-
351
Employee
388
354
582
-
unemployment
12
11
17
-
other
4
4
6
-
health
15
14
23
-
pensions
40
36
60
-
income
35
26
90
-
total
106
91
196
-
Employer
388
354
582
-
payroll
12
11
17
-
other
18
17
28
-
accident
5
5
8
-
pensions
49
44
73
-
unemployment
12
11
17
-
chamber of commerce
2
1
2
-
surtax
-
-
-
-
health
15
13
22
-
total
113
102
167
-
Corporate
250
294
549
-
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.

62
73
137
-
total
62
73
137
-
Dividends
187
221
-
-
withholding
52
61
-
-
total
52
61
-
-
Income
750
750
750
750
Total tax
333
327
500
351
After tax
417
423
250
399
Living cost
283
283
283
283
Free-cash
134
140
-33
116

Estimated living cost  is £283 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
£579
£600
£487
£629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
750
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
141
-
750
-
income
28
-
150
-
total
28
-
150
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

609
750
-
-
total
-
-
-
-
Dividends
609
750
-
-
withholding
30
37
-
-
total
30
37
-
-
Income
750
750
750
750
Total tax
58
37
150
8
After tax
692
713
600
742
Living cost
113
113
113
113
Free-cash
579
600
487
629

Estimated living cost  is £113 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£204
£279
£135
£156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
750
unemployment
-
-
-
1
income
-
-
-
144
pensions
-
-
-
137
health
-
-
-
74
total
-
-
-
356
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.

393
-
649
-
unemployment
1
-
1
-
health
25
-
42
-
pensions
61
-
101
-
income
68
-
133
-
total
155
-
277
-
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.

393
-
649
-
pensions
35
-
57
-
unemployment
-
-
-
-
health
26
-
43
-
total
61
-
100
-
Corporate
296
750
-
-
income
56
142
-
-
total
56
142
-
-
Dividends
240
608
-
-
withholding
36
91
-
-
total
36
91
-
-
Income
750
750
750
750
Total tax
308
233
377
356
After tax
442
517
373
394
Living cost
238
238
238
238
Free-cash
204
279
135
156

Estimated living cost  is £238 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-£551
£79
£258
£142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
85
income
-
-
-
146
total
-
-
-
231
Employee
540
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
540
-
-
-
social contributions
761
-
109
-
total
761
-
109
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
924
294
115
231
After tax
-174
456
635
519
Living cost
377
377
377
377
Free-cash
-551
79
258
142

Estimated living cost  is £377 per week

£244
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.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£139
£147
£111
£144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
750
social contributions

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

-
-
-
261
income
-
-
-
66
surtax
-
-
-
-
total
-
-
-
327
Employee
409
-
606
-
surtax
-
-
-
-
social contributions
45
-
67
-
income
85
-
149
-
total
130
-
216
-
Employer
409
-
606
-
social contributions
97
-
144
-
total
97
-
144
-
Corporate
244
750
-
-
income
51
158
-
-
surtax
-
-
-
-
total
51
158
-
-
Dividends
193
592
-
-
withholding
54
166
-
-
total
54
166
-
-
Income
750
750
750
750
Total tax
332
324
360
327
After tax
418
426
390
423
Living cost
279
279
279
279
Free-cash
139
147
111
144

Estimated living cost  is £279 per week

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

Source of data for Lisbon model

Close
Paris , France
£9
-£51
£9
£8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
52
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
313
Employee
556
-
572
-
surtax
-
-
-
-
pensions
63
-
65
-
social contributions
16
-
16
-
income
49
-
52
-
total
128
-
133
-
Employer
556
-
572
-
other
19
-
20
-
pensions
91
-
94
-
unemployment
23
-
23
-
social contributions
2
-
2
-
health
39
-
40
-
total
174
-
179
-
Corporate
20
750
-
-
income
6
210
-
-
surtax
-
-
-
-
total
6
210
-
-
Dividends
14
540
-
-
withholding
2
69
-
-
social contributions
2
93
-
-
surtax
-
-
-
-
total
4
162
-
-
Income
750
750
750
750
Total tax
312
372
312
313
After tax
438
378
438
437
Living cost
429
429
429
429
Free-cash
9
-51
9
8

Estimated living cost  is £429 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£378
£408
£330
£309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
9
social contributions
-
-
-
165
total
-
-
-
174
Employee
286
-
649
-
social contributions
19
-
42
-
income
-
-
10
-
total
19
-
52
-
Employer
286
-
649
-
social contributions
44
-
101
-
total
44
-
101
-
Corporate
420
750
-
-
income
42
75
-
-
total
42
75
-
-
Dividends
378
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
105
75
153
174
After tax
645
675
597
576
Living cost
267
267
267
267
Free-cash
378
408
330
309

Estimated living cost  is £267 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1183
-£1183
-£1183
£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
-
-
-
750
pensions
-
-
-
8
municipal
-
-
-
134
labour market
-
-
-
59
national
-
-
-
77
total
-
-
-
278
Employee
1 804
1 804
1 804
-
national
220
220
220
-
municipal
384
384
384
-
labour market
144
144
144
-
pensions
3
3
3
-
total
751
751
751
-
Employer
1 804
1 804
1 804
-
municipal
385
385
385
-
pensions
5
5
5
-
national
221
221
221
-
labour market
144
144
144
-
total
755
755
755
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
1 506
1 506
1 506
278
After tax
-756
-756
-756
472
Living cost
427
427
427
427
Free-cash
-1 183
-1 183
-1 183
45

Estimated living cost  is £427 per week

£292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£31
-£136
£182
£319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
3
income
-
-
-
171
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
234
Employee
309
-
624
-
health
35
-
71
-
pensions
35
-
69
-
income
42
-
106
-
total
112
-
246
-
Employer
309
-
624
-
accident
5
-
10
-
pensions
50
-
100
-
unemployment
8
-
15
-
total
63
-
125
-
Corporate
378
750
-
-
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.

340
675
-
-
total
340
675
-
-
Dividends
38
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
522
689
371
234
After tax
228
61
379
516
Living cost
197
197
197
197
Free-cash
31
-136
182
319

Estimated living cost  is £197 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£134
£168
£98
£207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
750
municipal
-
-
-
134
national
-
-
-
60
health
-
-
-
8
total
-
-
-
202
Employee
467
-
631
-
national
8
-
31
-
unemployment
7
-
9
-
health
3
-
6
-
municipal
77
-
103
-
pensions
32
-
43
-
total
127
-
192
-
Employer
467
-
631
-
accident
-
-
1
-
pensions
81
-
109
-
unemployment
3
-
4
-
health
4
-
5
-
total
88
-
119
-
Corporate
194
750
-
-
income
39
150
-
-
total
39
150
-
-
Dividends

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

117
450
-
-
municipal
21
81
-
-
national
-
10
-
-
total
21
91
-
-
Income
750
750
750
750
Total tax
275
241
311
202
After tax
475
509
439
548
Living cost
341
341
341
341
Free-cash
134
168
98
207

Estimated living cost  is £341 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£295
£342
£342
£345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
117
income
-
-
-
63
health
-
-
-
19
total
-
-
-
199
Employee
683
683
683
-
health
5
12
12
-
social contributions
26
57
57
-
income
74
63
63
-
total
105
132
132
-
Employer
683
683
683
-
social contributions
26
57
57
-
health
6
13
13
-
total
32
70
70
-
Corporate
407
-
-
-
income
51
-
-
-
total
51
-
-
-
Dividends
356
-
-
-
withholding
61
-
-
-
total
61
-
-
-
Income
750
750
750
750
Total tax
249
202
202
199
After tax
501
548
548
551
Living cost
206
206
206
206
Free-cash
295
342
342
345

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£435
£481
£323
£450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
750
unemployment
-
-
-
-
income
-
-
-
70
pensions
-
-
-
57
health
-
-
-
32
total
-
-
-
159
Employee

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

204
-
680
-
unemployment
1
-
3
-
health
17
-
58
-
pensions
31
-
102
-
income
14
-
54
-
total
63
-
217
-
Employer

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

204
-
680
-
pensions
11
-
37
-
unemployment
1
-
3
-
health
9
-
29
-
total
21
-
69
-
Corporate
525
750
-
-
income
47
67
-
-
total
47
67
-
-
Dividends
478
683
-
-
withholding
43
61
-
-
total
43
61
-
-
Income
750
750
750
750
Total tax
174
128
286
159
After tax
576
622
464
591
Living cost
141
141
141
141
Free-cash
435
481
323
450

Estimated living cost  is £141 per week

£90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£214
£262
£159
£154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
127
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
352
Employee
329
-
569
-
unemployment
5
-
9
-
other
-
-
1
-
pensions
15
-
27
-
income
63
-
129
-
total
83
-
166
-
Employer
329
-
569
-
other
3
-
5
-
accident
7
-
11
-
pensions
78
-
134
-
unemployment
18
-
31
-
total
106
-
181
-
Corporate
317
750
-
-
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.

48
112
-
-
total
48
112
-
-
Dividends
269
638
-
-
withholding
55
132
-
-
total
55
132
-
-
Income
750
750
750
750
Total tax
292
244
347
352
After tax
458
506
403
398
Living cost
244
244
244
244
Free-cash
214
262
159
154

Estimated living cost  is £244 per week

£165
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.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£449
£451
£458
£461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
251
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
272
Employee
26
-
736
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
251
-
total
8
-
261
-
Employer
26
-
736
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
719
750
-
-
income
158
165
-
-
total
158
165
-
-
Dividends
561
585
-
-
withholding
112
117
-
-
total
112
117
-
-
Income
750
750
750
750
Total tax
284
282
275
272
After tax
466
468
475
478
Living cost
17
17
17
17
Free-cash
449
451
458
461

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£344
£389
£231
£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

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.

-
-
-
750
unemployment
-
-
-
10
income
-
-
-
122
pensions
-
-
-
170
health
-
-
-
68
total
-
-
-
370
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.

231
-
636
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
32
-
89
-
income
32
-
125
-
total
78
-
252
-
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.

231
-
636
-
pensions
28
-
76
-
unemployment
2
-
5
-
health
12
-
33
-
total
42
-
114
-
Corporate
477
750
-
-
income
72
112
-
-
total
72
112
-
-
Dividends
406
638
-
-
withholding
61
96
-
-
total
61
96
-
-
Income
750
750
750
750
Total tax
253
208
366
370
After tax
497
542
384
380
Living cost
153
153
153
153
Free-cash
344
389
231
227

Estimated living cost  is £153 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£183
£186
£150
£183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
750
social contributions

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

-
-
-
261
income
-
-
-
66
surtax
-
-
-
-
total
-
-
-
327
Employee
345
-
606
-
surtax
-
-
-
-
social contributions
38
-
67
-
income
67
-
149
-
total
105
-
216
-
Employer
345
-
606
-
social contributions
82
-
144
-
total
82
-
144
-
Corporate
323
750
-
-
income
68
158
-
-
surtax
-
-
-
-
total
68
158
-
-
Dividends
255
592
-
-
withholding
72
166
-
-
total
72
166
-
-
Income
750
750
750
750
Total tax
327
324
360
327
After tax
423
426
390
423
Living cost
240
240
240
240
Free-cash
183
186
150
183

Estimated living cost  is £240 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£126
£194
£91
£86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
127
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
352
Employee
429
-
569
-
unemployment
7
-
9
-
other
-
-
1
-
pensions
20
-
27
-
income
90
-
129
-
total
117
-
166
-
Employer
429
-
569
-
other
3
-
5
-
accident
8
-
11
-
pensions
101
-
134
-
unemployment
24
-
31
-
total
136
-
181
-
Corporate
184
750
-
-
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.

28
112
-
-
total
28
112
-
-
Dividends
156
638
-
-
withholding
31
132
-
-
total
31
132
-
-
Income
750
750
750
750
Total tax
312
244
347
352
After tax
438
506
403
398
Living cost
312
312
312
312
Free-cash
126
194
91
86

Estimated living cost  is £312 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£435
£488
£424
£402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
1
income
-
-
-
112
pensions

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

-
-
-
46
health
-
-
-
36
total
-
-
-
195
Employee
202
-
689
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
14
-
pensions

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

18
-
27
-
income
20
-
69
-
total
49
-
113
-
Employer
202
-
689
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
34
-
unemployment
1
-
2
-
health
14
-
21
-
total
39
-
60
-
Corporate
508
750
-
-
income
51
75
-
-
total
51
75
-
-
Dividends
457
675
-
-
withholding
23
34
-
-
total
23
34
-
-
Income
750
750
750
750
Total tax
162
109
173
195
After tax
588
641
577
555
Living cost
153
153
153
153
Free-cash
435
488
424
402

Estimated living cost  is £153 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£160
£45
£206
£158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
trade
-
-
-
48
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.

-
-
-
133
health

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

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

-
-
-
61
surtax

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

-
-
-
7
total
-
-
-
249
Employee

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

442
-
750
-
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
-
health

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

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

61
-
61
-
income

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

36
-
133
-
total
99
-
201
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
308
750
-
-
trade
44
108
-
-
income
46
112
-
-
surtax

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

3
6
-
-
chamber of commerce
2
2
-
-
total
95
228
-
-
Dividends
213
521
-
-
withholding
50
127
-
-
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
-
-
total
53
134
-
-
Income
750
750
750
750
Total tax
247
362
201
249
After tax
503
388
549
501
Living cost
343
343
343
343
Free-cash
160
45
206
158

Estimated living cost  is £343 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£38
£19
£27
£27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
64
income
-
-
-
153
total
-
-
-
217
Employee
695
-
750
-
social contributions
58
-
64
-
income
131
-
153
-
total
189
-
217
-
Employer
695
-
750
-
total
-
-
-
-
Corporate
55
750
-
-
income
7
94
-
-
total
7
94
-
-
Dividends
48
656
-
-
withholding
10
131
-
-
total
10
131
-
-
Income
750
750
750
750
Total tax
206
225
217
217
After tax
544
525
533
533
Living cost
506
506
506
506
Free-cash
38
19
27
27

Estimated living cost  is £506 per week

£385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£166
£118
£225
£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

We use The Residence Programme or The Global Residence Programme.

-
-
-
750
health

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

-
-
-
54
income
-
-
-
253
total
-
-
-
307
Employee
408
-
709
-
social contributions
41
-
41
-
income
44
-
120
-
total
85
-
161
-
Employer
408
-
709
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
302
750
-
-
income
106
262
-
-
total
106
262
-
-
Dividends
196
488
-
-
social contributions
29
47
-
-
total
29
47
-
-
Income
750
750
750
750
Total tax
261
309
202
307
After tax
489
441
548
443
Living cost
323
323
323
323
Free-cash
166
118
225
120

Estimated living cost  is £323 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£189
£238
£150
£234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
445
-
662
-
health
6
-
10
-
pensions
34
-
60
-
income
81
-
118
-
total
121
-
188
-
Employer
445
-
662
-
pensions
45
-
75
-
health
8
-
13
-
total
53
-
88
-
Corporate
251
750
-
-
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.

48
142
-
-
total
48
142
-
-
Dividends
204
608
-
-
withholding
15
46
-
-
total
15
46
-
-
Income
750
750
750
750
Total tax
237
188
276
192
After tax
513
562
474
558
Living cost
324
324
324
324
Free-cash
189
238
150
234

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
£28
-£155
£163
£300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
3
income
-
-
-
171
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
234
Employee
340
-
624
-
health
39
-
71
-
pensions
38
-
69
-
income
47
-
106
-
total
124
-
246
-
Employer
340
-
624
-
accident
6
-
10
-
pensions
55
-
100
-
unemployment
8
-
15
-
total
69
-
125
-
Corporate
341
750
-
-
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.

307
675
-
-
total
307
675
-
-
Dividends
34
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
506
689
371
234
After tax
244
61
379
516
Living cost
216
216
216
216
Free-cash
28
-155
163
300

Estimated living cost  is £216 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£475
£517
£322
£312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
750
unemployment
-
-
-
9
income
-
-
-
111
pensions
-
-
-
138
health insurance
-
-
-
56
work injury
-
-
-
4
total
-
-
-
318
Employee

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

192
-
750
-
health insurance
14
-
53
-
unemployment
2
-
9
-
work injury
1
-
4
-
pensions
35
-
131
-
income
19
-
111
-
total
71
-
308
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
558
750
-
-
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
558
750
-
-
withholding
84
113
-
-
total
84
113
-
-
Income
750
750
750
750
Total tax
155
113
308
318
After tax
595
637
442
432
Living cost
120
120
120
120
Free-cash
475
517
322
312

Estimated living cost  is £120 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£2
£41
£1
£34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
regional
-
-
-
14
social contributions
-
-
-
193
municipal
-
-
-
5
national
-
-
-
150
total
-
-
-
362
Employee
749
-
750
-
national
127
-
127
-
regional
11
-
11
-
municipal
4
-
4
-
social contributions
252
-
253
-
total
394
-
395
-
Employer
749
-
750
-
total
-
-
-
-
Corporate
1
750
-
-
nationa
-
180
-
-
municipal
-
36
-
-
total
-
216
-
-
Dividends
1
534
-
-
withholding
-
139
-
-
total
-
139
-
-
Income
750
750
750
750
Total tax
394
355
395
362
After tax
356
395
355
388
Living cost
354
354
354
354
Free-cash
2
41
1
34

Estimated living cost  is £354 per week

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