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
£114
£281
£227
£210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
135
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
health

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

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

-
-
-
60
trade
-
-
-
54
total
-
-
-
256
Employee

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

337
-
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
-
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
-
135
-
health

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

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

60
-
60
-
total
70
-
202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
413
750
-
-
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
-
-
trade
65
118
-
-
total
132
238
-
-
Dividends
281
511
-
-
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
-
-
withholding
67
124
-
-
total
71
131
-
-
Income
750
750
750
750
Total tax
273
369
202
256
After tax
477
381
548
494
Living cost
267
267
267
267
Free-cash
210
114
281
227

Estimated living cost  is £267 per week

£168
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
-£2
-£6
-£12
-£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
social contributions
-
-
-
8
municipal
-
-
-
76
national
-
-
-
118
pensions
-
-
-
90
total
-
-
-
292
Employee
729
-
648
-
municipal
90
-
79
-
pensions
29
-
26
-
national
140
-
122
-
total
259
-
227
-
Employer
729
-
648
-
pensions
58
-
52
-
social contributions
8
-
7
-
total
66
-
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
325
282
286
292
After tax
425
468
464
458
Living cost
470
470
470
470
Free-cash
-45
-2
-6
-12

Estimated living cost  is £470 per week

£320
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.
£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.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£417
£241
£219
£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

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
income
-
-
-
107
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.

-
-
-
241
microenterprise
-
-
-
-
total
-
-
-
348
Employee
257
-
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.

28
-
66
-
income
46
-
114
-
total
74
-
180
-
Employer
257
-
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.

62
-
146
-
surtax
-
-
-
-
total
62
-
146
-
Corporate
431
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.

345
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
222
150
326
348
After tax
528
600
424
402
Living cost
183
183
183
183
Free-cash
345
417
241
219

Estimated living cost  is £183 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£74
-£123
£58
-£123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
122
health
-
-
-
98
pensions
-
-
-
103
total
-
-
-
323
Employee
752
752
752
-
pensions
135
103
135
-
income

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

123
123
123
-
health
115
98
115
-
total
373
324
373
-
Employer
752
752
752
-
health
52
52
52
-
pensions
52
52
52
-
unemployment
27
27
27
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
504
455
504
323
After tax
246
295
246
427
Living cost
369
369
369
369
Free-cash
-123
-74
-123
58

Estimated living cost  is £369 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£50
£41
£14
£40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
1
other
-
-
-
87
unemployment
-
-
-
1
health
-
-
-
47
municipal
-
-
-
159
national
-
-
-
-
pensions
-
-
-
81
total
-
-
-
376
Employee
513
-
571
-
municipal
153
-
170
-
national
-
-
-
-
total
153
-
170
-
Employer
513
-
571
-
health
32
-
35
-
pensions
55
-
62
-
accident
1
-
1
-
unemployment
14
-
15
-
other
60
-
66
-
total
162
-
179
-
Corporate
76
750
-
-
income
17
165
-
-
total
17
165
-
-
Dividends
59
585
-
-
withholding
18
175
-
-
total
18
175
-
-
Income
750
750
750
750
Total tax
350
340
349
376
After tax
400
410
401
374
Living cost
360
360
360
360
Free-cash
40
50
41
14

Estimated living cost  is £360 per week

£239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£31
£202
£146
£152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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.

-
-
-
135
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
health

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

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

-
-
-
60
trade
-
-
-
56
total
-
-
-
258
Employee

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

446
-
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
-
income

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

38
-
135
-
health

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

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

60
-
60
-
total
100
-
202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
304
750
-
-
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
-
-
trade
50
123
-
-
total
101
243
-
-
Dividends
204
506
-
-
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
-
-
withholding
48
123
-
-
total
51
130
-
-
Income
750
750
750
750
Total tax
252
373
202
258
After tax
498
377
548
492
Living cost
346
346
346
346
Free-cash
152
31
202
146

Estimated living cost  is £346 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£263
£262
£265
£228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64
social contributions
-
-
-
117
health
-
-
-
19
total
-
-
-
200
Employee
677
677
681
-
social contributions
33
56
57
-
income
71
63
64
-
health
7
12
12
-
total
111
131
133
-
Employer
677
677
681
-
health
7
13
13
-
social contributions
33
56
57
-
total
40
69
70
-
Corporate
314
5
-
-
income
39
1
-
-
total
39
1
-
-
Dividends
274
4
-
-
withholding
47
1
-
-
total
47
1
-
-
Income
750
750
750
750
Total tax
237
202
203
200
After tax
513
548
547
550
Living cost
285
285
285
285
Free-cash
228
263
262
265

Estimated living cost  is £285 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£263
£273
£358
£266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
92
unemployment
-
-
-
11
health
-
-
-
52
pensions
-
-
-
75
total
-
-
-
230
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.

233
93
628
-
unemployment
3
1
9
-
pensions
23
9
63
-
income
29
11
77
-
health
16
6
44
-
total
71
27
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.

233
93
628
-
pensions
45
18
122
-
total
45
18
122
-
Corporate
471
639
-
-
income
42
58
-
-
total
42
58
-
-
Dividends
429
582
-
-
social contributions
83
112
-
-
withholding
81
110
-
-
total
164
222
-
-
Income
750
750
750
750
Total tax
322
325
315
230
After tax
428
425
435
520
Living cost
162
162
162
162
Free-cash
266
263
273
358

Estimated living cost  is £162 per week

£110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£387
£220
£189
£333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
101
health
-
-
-
97
pensions
-
-
-
150
total
-
-
-
348
Employee
250
-
560
-
unemployment
4
-
9
-
pensions
5
-
11
-
income
28
-
108
-
total
37
-
128
-
Employer
250
-
560
-
health
32
-
73
-
pensions
50
-
112
-
unemployment
2
-
4
-
total
84
-
189
-
Corporate
416
750
-
-
income
83
150
-
-
total
83
150
-
-
Dividends
333
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
204
150
317
348
After tax
546
600
433
402
Living cost
213
213
213
213
Free-cash
333
387
220
189

Estimated living cost  is £213 per week

£146
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
-£135
£183
£321
£32
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
2
income
-
-
-
172
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
233
Employee
309
-
626
-
pensions
35
-
68
-
income
42
-
108
-
health
35
-
72
-
total
112
-
248
-
Employer
309
-
626
-
pensions
50
-
98
-
accident
5
-
10
-
unemployment
8
-
15
-
total
63
-
123
-
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
233
After tax
228
61
379
517
Living cost
196
196
196
196
Free-cash
32
-135
183
321

Estimated living cost  is £196 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£316
£206
£172
£260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
95
other
-
-
-
36
health
-
-
-
33
pensions

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

-
-
-
180
total
-
-
-
344
Employee
320
-
599
-
unemployment
3
-
6
-
pensions

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

22
-
42
-
income
55
-
103
-
health
4
-
8
-
total
84
-
159
-
Employer
320
-
599
-
health
4
-
8
-
pensions

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

54
-
102
-
accident
3
-
5
-
unemployment
3
-
6
-
other
16
-
30
-
total
80
-
151
-
Corporate
350
750
-
-
income
73
158
-
-
total
73
158
-
-
Dividends
276
592
-
-
withholding
19
41
-
-
total
19
41
-
-
Income
750
750
750
750
Total tax
256
199
310
344
After tax
494
551
440
406
Living cost
234
234
234
234
Free-cash
260
316
206
172

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
826
-
662
-
pensions
80
-
60
-
income
149
-
118
-
health
14
-
10
-
total
243
-
188
-
Employer
826
-
662
-
health
16
-
13
-
pensions
98
-
75
-
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
£526
£462
£441
£484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
112
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
46
total
-
-
-
194
Employee
153
-
690
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
69
-
health
7
-
14
-
total
37
-
113
-
Employer
153
-
690
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
567
750
-
-
income
57
75
-
-
total
57
75
-
-
Dividends
510
675
-
-
withholding
26
34
-
-
total
26
34
-
-
Income
750
750
750
750
Total tax
151
109
173
194
After tax
599
641
577
556
Living cost
115
115
115
115
Free-cash
484
526
462
441

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£193
-£242
-£61
-£209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
122
health
-
-
-
98
pensions
-
-
-
103
total
-
-
-
323
Employee
816
752
752
-
pensions
103
103
135
-
income

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

123
123
123
-
health
102
98
115
-
total
328
324
373
-
Employer
816
752
752
-
health
57
52
52
-
pensions
57
52
52
-
unemployment
29
27
27
-
total
143
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
471
455
504
323
After tax
279
295
246
427
Living cost
488
488
488
488
Free-cash
-209
-193
-242
-61

Estimated living cost  is £488 per week

£360
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£297
£162
£147
£219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64
social contributions
-
-
-
219
solidarity contribution
-
-
-
-
health
-
-
-
101
total
-
-
-
384
Employee
322
-
560
-
solidarity contribution
-
-
-
-
social contributions
21
-
36
-
income
39
-
67
-
health
43
-
76
-
total
103
-
179
-
Employer
322
-
560
-
health
29
-
50
-
social contributions
80
-
140
-
total
109
-
190
-
Corporate
319
750
-
-
income
61
143
-
-
total
61
143
-
-
Dividends
258
607
-
-
withholding
39
91
-
-
total
39
91
-
-
Income
750
750
750
750
Total tax
312
234
369
384
After tax
438
516
381
366
Living cost
219
219
219
219
Free-cash
219
297
162
147

Estimated living cost  is £219 per week

£152
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
£29
-£12
£24
-£32
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
8
municipal
-
-
-
4
national
-
-
-
150
total
-
-
-
355
Employee
782
-
750
-
municipal
4
-
4
-
national
136
-
127
-
regional
7
-
7
-
social contributions
264
-
253
-
total
411
-
391
-
Employer
782
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
municipal
-
29
-
-
nationa
-
180
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
411
350
391
355
After tax
339
400
359
395
Living cost
371
371
371
371
Free-cash
-32
29
-12
24

Estimated living cost  is £371 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£278
£191
£206
£252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
131
other
-
-
-
-
surtax
-
-
-
14
unemployment
-
-
-
2
health
-
-
-
53
pensions
-
-
-
150
total
-
-
-
350
Employee
291
-
620
-
other
-
-
-
-
unemployment
20
-
43
-
pensions
19
-
41
-
surtax
1
-
12
-
income
49
-
122
-
health
7
-
16
-
total
96
-
234
-
Employer
291
-
620
-
health
13
-
28
-
pensions
39
-
83
-
unemployment
9
-
20
-
other
-
-
-
-
total
61
-
131
-
Corporate
398
750
-
-
income
103
195
-
-
total
103
195
-
-
Dividends
294
555
-
-
withholding
44
83
-
-
total
44
83
-
-
Income
750
750
750
750
Total tax
304
278
365
350
After tax
446
472
385
400
Living cost
194
194
194
194
Free-cash
252
278
191
206

Estimated living cost  is £194 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
554
-
662
-
pensions
47
-
60
-
income
100
-
118
-
health
8
-
10
-
total
155
-
188
-
Employer
554
-
662
-
health
11
-
13
-
pensions
60
-
75
-
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
-£361
-£111
-£72
-£151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
22
health
-
-
-
2
city
-
-
-
8
national
-
-
-
3
pensions
-
-
-
69
total
-
-
-
119
Employee
822
-
671
-
unemployment
-
-
-
-
pensions
69
-
56
-
national
4
-
3
-
regional
27
-
19
-
city
9
-
7
-
health
2
-
2
-
total
111
-
87
-
Employer
822
-
671
-
health
2
-
2
-
pensions
69
-
56
-
unemployment
-
-
-
-
other

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

16
-
13
-
total
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
703
703
703
703
Free-cash
-151
-361
-111
-72

Estimated living cost  is £703 per week

£457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-£31
£145
£87
£112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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.

-
-
-
135
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
health

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

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

-
-
-
60
trade
-
-
-
58
total
-
-
-
260
Employee

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

529
-
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
-
income

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

62
-
135
-
health

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

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

60
-
60
-
total
125
-
202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
221
750
-
-
income
33
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
-
-
trade
38
129
-
-
total
75
249
-
-
Dividends
147
500
-
-
surtax

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

2
7
-
-
withholding
33
122
-
-
total
35
129
-
-
Income
750
750
750
750
Total tax
235
378
202
260
After tax
515
372
548
490
Living cost
403
403
403
403
Free-cash
112
-31
145
87

Estimated living cost  is £403 per week

£294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£77
£136
£135
£128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
53
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
210
total
-
-
-
314
Employee
377
-
572
-
pensions
43
-
65
-
surtax
-
-
-
-
social contributions
11
-
16
-
income
22
-
53
-
total
76
-
134
-
Employer
377
-
572
-
health
26
-
40
-
pensions
62
-
94
-
unemployment
15
-
23
-
social contributions
1
-
2
-
other
13
-
20
-
total
117
-
179
-
Corporate
256
750
-
-
income
72
210
-
-
surtax
-
-
-
-
total
72
210
-
-
Dividends
184
540
-
-
surtax
-
-
-
-
social contributions
32
93
-
-
withholding
24
69
-
-
total
56
162
-
-
Income
750
750
750
750
Total tax
321
372
313
314
After tax
429
378
437
436
Living cost
301
301
301
301
Free-cash
128
77
136
135

Estimated living cost  is £301 per week

£190
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.
£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
£107
£166
£165
£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
-
-
-
750
income
-
-
-
53
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
210
total
-
-
-
314
Employee
336
-
572
-
pensions
38
-
65
-
surtax
-
-
-
-
social contributions
10
-
16
-
income
17
-
53
-
total
65
-
134
-
Employer
336
-
572
-
health
24
-
40
-
pensions
55
-
94
-
unemployment
14
-
23
-
social contributions
1
-
2
-
other
12
-
20
-
total
106
-
179
-
Corporate
309
750
-
-
income
86
210
-
-
surtax
-
-
-
-
total
86
210
-
-
Dividends
222
540
-
-
surtax
-
-
-
-
social contributions
38
93
-
-
withholding
28
69
-
-
total
66
162
-
-
Income
750
750
750
750
Total tax
323
372
313
314
After tax
427
378
437
436
Living cost
271
271
271
271
Free-cash
156
107
166
165

Estimated living cost  is £271 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£271
£304
£296
£275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
112
social contributions
-
-
-
103
health
-
-
-
52
total
-
-
-
267
Employee
298
-
750
-
social contributions
41
-
103
-
income
50
-
104
-
health
21
-
52
-
total
112
-
259
-
Employer
298
-
750
-
total
-
-
-
-
Corporate
452
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%.

23
37
-
-
total
23
37
-
-
Dividends
429
713
-
-
social contributions
59
98
-
-
withholding
64
107
-
-
health
30
50
-
-
total
153
255
-
-
Income
750
750
750
750
Total tax
288
292
259
267
After tax
462
458
491
483
Living cost
187
187
187
187
Free-cash
275
271
304
296

Estimated living cost  is £187 per week

£125
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
£110
-£62
£86
£99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
99
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
57
pensions
-
-
-
139
total
-
-
-
354
Employee
440
351
581
-
other
4
4
6
-
unemployment
13
11
17
-
pensions
45
36
60
-
income
50
26
91
-
health
17
14
22
-
total
129
91
196
-
Employer
440
351
581
-
chamber of commerce
2
1
2
-
health
17
13
22
-
pensions
55
44
73
-
accident
6
5
8
-
unemployment
13
11
17
-
surtax
2
2
2
-
payroll
13
11
17
-
other
21
17
28
-
total
129
104
169
-
Corporate
182
297
548
-
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.

45
74
137
-
total
45
74
137
-
Dividends
136
222
-
-
withholding
38
61
-
-
total
38
61
-
-
Income
750
750
750
750
Total tax
341
330
502
354
After tax
409
420
248
396
Living cost
310
310
310
310
Free-cash
99
110
-62
86

Estimated living cost  is £310 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£100
-£21
£46
-£63
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
38
social contributions
-
-
-
110
national
-
-
-
235
total
-
-
-
383
Employee

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

630
-
581
-
unemployment

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

5
-
5
-
communal

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

33
-
30
-
pensions

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

47
-
44
-
national
194
-
175
-
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
-
total
309
-
281
-
Employer

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

630
-
581
-
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
-
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
-
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
-
unemployment

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

9
-
8
-
surtax
71
-
66
-
total
183
-
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
492
329
450
383
After tax
258
421
300
367
Living cost
321
321
321
321
Free-cash
-63
100
-21
46

Estimated living cost  is £321 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£188
£85
£80
£118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
438
-
569
-
other
-
-
1
-
unemployment
7
-
9
-
pensions
21
-
27
-
income
92
-
129
-
total
120
-
166
-
Employer
438
-
569
-
pensions
103
-
134
-
accident
9
-
11
-
unemployment
24
-
31
-
other
3
-
5
-
total
139
-
181
-
Corporate
172
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.

26
112
-
-
total
26
112
-
-
Dividends
146
638
-
-
withholding
29
132
-
-
total
29
132
-
-
Income
750
750
750
750
Total tax
314
244
347
352
After tax
436
506
403
398
Living cost
318
318
318
318
Free-cash
118
188
85
80

Estimated living cost  is £318 per week

£234
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
-£16
£2
-£34
-£69
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
communal
-
-
-
47
accident
-
-
-
6
income
-
-
-
51
surtax
-
-
-
37
health
-
-
-
53
pensions
-
-
-
112
total
-
-
-
306
Employee
666
-
670
-
pensions
53
-
54
-
surtax
41
-
41
-
income
64
-
65
-
health
30
-
30
-
total
188
-
190
-
Employer
666
-
670
-
health
20
-
20
-
pensions
53
-
54
-
accident
6
-
6
-
total
79
-
80
-
Corporate
4
750
-
-
communal
-
51
-
-
income
1
112
-
-
surtax
-
8
-
-
total
1
171
-
-
Dividends
3
579
-
-
income
72
30
-
-
withholding
1
87
-
-
total
73
117
-
-
Income
750
750
750
750
Total tax
341
288
270
306
After tax
409
462
480
444
Living cost
478
478
478
478
Free-cash
-69
-16
2
-34

Estimated living cost  is £478 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£274
£187
£202
£245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
131
other
-
-
-
-
surtax
-
-
-
14
unemployment
-
-
-
2
health
-
-
-
53
pensions
-
-
-
150
total
-
-
-
350
Employee
296
-
620
-
other
-
-
-
-
unemployment
21
-
43
-
pensions
20
-
41
-
surtax
1
-
12
-
income
50
-
122
-
health
8
-
16
-
total
100
-
234
-
Employer
296
-
620
-
health
13
-
28
-
pensions
40
-
83
-
unemployment
9
-
20
-
other
-
-
-
-
total
62
-
131
-
Corporate
391
750
-
-
income
102
195
-
-
total
102
195
-
-
Dividends
290
555
-
-
withholding
43
83
-
-
total
43
83
-
-
Income
750
750
750
750
Total tax
307
278
365
350
After tax
443
472
385
400
Living cost
198
198
198
198
Free-cash
245
274
187
202

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£157
£119
£155
£137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
11
municipal
-
-
-
4
national
-
-
-
150
total
-
-
-
358
Employee
488
-
750
-
municipal
3
-
4
-
national
77
-
127
-
regional
7
-
10
-
social contributions
165
-
253
-
total
252
-
394
-
Employer
488
-
750
-
total
-
-
-
-
Corporate
262
750
-
-
municipal
13
37
-
-
nationa
63
180
-
-
total
76
217
-
-
Dividends
186
533
-
-
withholding
48
139
-
-
total
48
139
-
-
Income
750
750
750
750
Total tax
376
356
394
358
After tax
374
394
356
392
Living cost
237
237
237
237
Free-cash
137
157
119
155

Estimated living cost  is £237 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£246
£111
£96
£148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64
social contributions
-
-
-
219
solidarity contribution
-
-
-
-
health
-
-
-
101
total
-
-
-
384
Employee
397
-
560
-
solidarity contribution
-
-
-
-
social contributions
26
-
36
-
income
48
-
67
-
health
54
-
76
-
total
128
-
179
-
Employer
397
-
560
-
health
36
-
50
-
social contributions
99
-
140
-
total
135
-
190
-
Corporate
219
750
-
-
income
42
143
-
-
total
42
143
-
-
Dividends
177
607
-
-
withholding
27
91
-
-
total
27
91
-
-
Income
750
750
750
750
Total tax
332
234
369
384
After tax
418
516
381
366
Living cost
270
270
270
270
Free-cash
148
246
111
96

Estimated living cost  is £270 per week

£201
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
£139
-£32
£117
£136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
99
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
57
pensions
-
-
-
139
total
-
-
-
352
Employee
385
351
582
-
other
4
4
6
-
unemployment
12
11
17
-
pensions
39
36
60
-
income
34
26
91
-
health
15
14
23
-
total
104
91
197
-
Employer
385
351
582
-
chamber of commerce
2
1
2
-
health
15
13
22
-
pensions
48
44
73
-
accident
5
5
8
-
unemployment
12
11
17
-
surtax
-
-
-
-
payroll
12
11
17
-
other
18
17
28
-
total
112
102
167
-
Corporate
255
298
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.

64
75
137
-
total
64
75
137
-
Dividends
191
224
-
-
withholding
53
62
-
-
total
53
62
-
-
Income
750
750
750
750
Total tax
333
330
501
352
After tax
417
420
249
398
Living cost
281
281
281
281
Free-cash
136
139
-32
117

Estimated living cost  is £281 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£601
£488
£630
£580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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
140
-
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%.

610
750
-
-
total
-
-
-
-
Dividends
610
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
112
112
112
112
Free-cash
580
601
488
630

Estimated living cost  is £112 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£280
£137
£158
£208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
144
unemployment
-
-
-
1
health
-
-
-
74
pensions
-
-
-
137
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.

389
-
649
-
unemployment
1
-
1
-
pensions
60
-
101
-
income
67
-
133
-
health
25
-
42
-
total
153
-
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.

389
-
649
-
health
26
-
43
-
pensions
34
-
57
-
unemployment
-
-
-
-
total
60
-
100
-
Corporate
300
750
-
-
income
57
143
-
-
total
57
143
-
-
Dividends
243
607
-
-
withholding
36
91
-
-
total
36
91
-
-
Income
750
750
750
750
Total tax
306
234
377
356
After tax
444
516
373
394
Living cost
236
236
236
236
Free-cash
208
280
137
158

Estimated living cost  is £236 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£75
£253
£137
-£566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
146
social contributions
-
-
-
86
total
-
-
-
232
Employee
546
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
546
-
-
-
social contributions
770
-
110
-
total
770
-
110
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
935
294
116
232
After tax
-185
456
634
518
Living cost
381
381
381
381
Free-cash
-566
75
253
137

Estimated living cost  is £381 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£150
£114
£147
£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

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
income
-
-
-
66
surtax
-
-
-
-
social contributions

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

-
-
-
261
total
-
-
-
327
Employee
405
-
606
-
surtax
-
-
-
-
social contributions
45
-
67
-
income
84
-
149
-
total
129
-
216
-
Employer
405
-
606
-
social contributions
96
-
144
-
total
96
-
144
-
Corporate
249
750
-
-
income
52
158
-
-
surtax
-
-
-
-
total
52
158
-
-
Dividends
197
592
-
-
withholding
55
166
-
-
total
55
166
-
-
Income
750
750
750
750
Total tax
332
324
360
327
After tax
418
426
390
423
Living cost
276
276
276
276
Free-cash
142
150
114
147

Estimated living cost  is £276 per week

£207
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
-£47
£12
£11
£14
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
53
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
210
total
-
-
-
314
Employee
551
-
572
-
pensions
62
-
65
-
surtax
-
-
-
-
social contributions
16
-
16
-
income
48
-
53
-
total
126
-
134
-
Employer
551
-
572
-
health
39
-
40
-
pensions
91
-
94
-
unemployment
22
-
23
-
social contributions
2
-
2
-
other
19
-
20
-
total
173
-
179
-
Corporate
27
750
-
-
income
7
210
-
-
surtax
-
-
-
-
total
7
210
-
-
Dividends
19
540
-
-
surtax
-
-
-
-
social contributions
3
93
-
-
withholding
2
69
-
-
total
5
162
-
-
Income
750
750
750
750
Total tax
311
372
313
314
After tax
439
378
437
436
Living cost
425
425
425
425
Free-cash
14
-47
12
11

Estimated living cost  is £425 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£410
£332
£311
£381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
9
social contributions
-
-
-
165
total
-
-
-
174
Employee
283
-
649
-
income
-
-
10
-
social contributions
18
-
42
-
total
18
-
52
-
Employer
283
-
649
-
social contributions
44
-
101
-
total
44
-
101
-
Corporate
423
750
-
-
income
42
75
-
-
total
42
75
-
-
Dividends
381
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
104
75
153
174
After tax
646
675
597
576
Living cost
265
265
265
265
Free-cash
381
410
332
311

Estimated living cost  is £265 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
-£1165
-£1165
£48
-£1165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
59
municipal
-
-
-
134
national
-
-
-
78
pensions
-
-
-
8
total
-
-
-
279
Employee
1 786
1 786
1 786
-
municipal
380
380
380
-
labour market
143
143
143
-
pensions
3
3
3
-
national
218
218
218
-
total
744
744
744
-
Employer
1 786
1 786
1 786
-
national
219
219
219
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
748
748
748
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
1 492
1 492
1 492
279
After tax
-742
-742
-742
471
Living cost
423
423
423
423
Free-cash
-1 165
-1 165
-1 165
48

Estimated living cost  is £423 per week

£290
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.
£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
-£132
£186
£324
£33
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
income
-
-
-
172
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
233
Employee
304
-
626
-
pensions
34
-
68
-
income
42
-
108
-
health
35
-
72
-
total
111
-
248
-
Employer
304
-
626
-
pensions
49
-
98
-
accident
5
-
10
-
unemployment
7
-
15
-
total
61
-
123
-
Corporate
384
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.

345
675
-
-
total
345
675
-
-
Dividends
38
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
524
689
371
233
After tax
226
61
379
517
Living cost
193
193
193
193
Free-cash
33
-132
186
324

Estimated living cost  is £193 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£171
£100
£209
£138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
8
municipal
-
-
-
134
national
-
-
-
61
total
-
-
-
203
Employee
463
-
631
-
municipal
76
-
103
-
unemployment
7
-
9
-
pensions
31
-
43
-
national
8
-
32
-
health
3
-
6
-
total
125
-
193
-
Employer
463
-
631
-
health
4
-
5
-
pensions
80
-
109
-
accident
-
-
1
-
unemployment
3
-
4
-
total
87
-
119
-
Corporate
200
750
-
-
income
40
150
-
-
total
40
150
-
-
Dividends

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

120
450
-
-
municipal
22
81
-
-
national
-
10
-
-
total
22
91
-
-
Income
750
750
750
750
Total tax
274
241
312
203
After tax
476
509
438
547
Living cost
338
338
338
338
Free-cash
138
171
100
209

Estimated living cost  is £338 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£344
£343
£346
£297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
64
social contributions
-
-
-
117
health
-
-
-
19
total
-
-
-
200
Employee
677
677
681
-
social contributions
26
56
57
-
income
74
63
64
-
health
5
12
12
-
total
105
131
133
-
Employer
677
677
681
-
health
6
13
13
-
social contributions
26
56
57
-
total
32
69
70
-
Corporate
410
5
-
-
income
51
1
-
-
total
51
1
-
-
Dividends
359
4
-
-
withholding
61
1
-
-
total
61
1
-
-
Income
750
750
750
750
Total tax
249
202
203
200
After tax
501
548
547
550
Living cost
204
204
204
204
Free-cash
297
344
343
346

Estimated living cost  is £204 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Larnaca model

Close
Podgorica , Montenegro
£481
£324
£452
£437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
70
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
158
Employee

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

202
-
680
-
unemployment
1
-
3
-
pensions
30
-
102
-
income
14
-
54
-
health
17
-
58
-
total
62
-
217
-
Employer

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

202
-
680
-
health
9
-
29
-
pensions
11
-
37
-
unemployment
1
-
3
-
total
21
-
69
-
Corporate
527
750
-
-
income
47
68
-
-
total
47
68
-
-
Dividends
480
682
-
-
withholding
43
61
-
-
total
43
61
-
-
Income
750
750
750
750
Total tax
173
129
286
158
After tax
577
621
464
592
Living cost
140
140
140
140
Free-cash
437
481
324
452

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£264
£161
£156
£218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
325
-
569
-
other
-
-
1
-
unemployment
5
-
9
-
pensions
15
-
27
-
income
63
-
129
-
total
83
-
166
-
Employer
325
-
569
-
pensions
77
-
134
-
accident
6
-
11
-
unemployment
18
-
31
-
other
3
-
5
-
total
104
-
181
-
Corporate
321
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
273
638
-
-
withholding
55
132
-
-
total
55
132
-
-
Income
750
750
750
750
Total tax
290
244
347
352
After tax
460
506
403
398
Living cost
242
242
242
242
Free-cash
218
264
161
156

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£451
£459
£461
£449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
272
Employee
26
-
736
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
250
-
health
1
-
3
-
total
8
-
260
-
Employer
26
-
736
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
718
750
-
-
income
158
165
-
-
total
158
165
-
-
Dividends
560
585
-
-
withholding
112
117
-
-
total
112
117
-
-
Income
750
750
750
750
Total tax
284
282
274
272
After tax
466
468
476
478
Living cost
17
17
17
17
Free-cash
449
451
459
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
£389
£232
£229
£346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
123
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
169
total
-
-
-
369
Employee

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

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

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

229
-
636
-
unemployment
2
-
5
-
pensions
32
-
89
-
income
32
-
125
-
health
12
-
33
-
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.

229
-
636
-
health
12
-
33
-
pensions
27
-
76
-
unemployment
2
-
5
-
total
41
-
114
-
Corporate
480
750
-
-
income
72
113
-
-
total
72
113
-
-
Dividends
408
637
-
-
withholding
61
96
-
-
total
61
96
-
-
Income
750
750
750
750
Total tax
252
209
366
369
After tax
498
541
384
381
Living cost
152
152
152
152
Free-cash
346
389
232
229

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£189
£153
£186
£186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
66
surtax
-
-
-
-
social contributions

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

-
-
-
261
total
-
-
-
327
Employee
342
-
606
-
surtax
-
-
-
-
social contributions
38
-
67
-
income
67
-
149
-
total
105
-
216
-
Employer
342
-
606
-
social contributions
81
-
144
-
total
81
-
144
-
Corporate
327
750
-
-
income
69
158
-
-
surtax
-
-
-
-
total
69
158
-
-
Dividends
259
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
237
237
237
237
Free-cash
186
189
153
186

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£197
£94
£89
£131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
425
-
569
-
other
-
-
1
-
unemployment
7
-
9
-
pensions
20
-
27
-
income
89
-
129
-
total
116
-
166
-
Employer
425
-
569
-
pensions
100
-
134
-
accident
8
-
11
-
unemployment
23
-
31
-
other
3
-
5
-
total
134
-
181
-
Corporate
189
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
161
638
-
-
withholding
32
132
-
-
total
32
132
-
-
Income
750
750
750
750
Total tax
310
244
347
352
After tax
440
506
403
398
Living cost
309
309
309
309
Free-cash
131
197
94
89

Estimated living cost  is £309 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£490
£426
£405
£437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
112
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
46
total
-
-
-
194
Employee
201
-
690
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
69
-
health
9
-
14
-
total
49
-
113
-
Employer
201
-
690
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
510
750
-
-
income
51
75
-
-
total
51
75
-
-
Dividends
459
675
-
-
withholding
23
34
-
-
total
23
34
-
-
Income
750
750
750
750
Total tax
162
109
173
194
After tax
588
641
577
556
Living cost
151
151
151
151
Free-cash
437
490
426
405

Estimated living cost  is £151 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£48
£208
£159
£161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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.

-
-
-
135
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
health

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

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

-
-
-
60
trade
-
-
-
49
total
-
-
-
251
Employee

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

438
-
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
-
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
-
135
-
health

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

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

60
-
60
-
total
98
-
202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
312
750
-
-
income
47
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
-
-
trade
45
108
-
-
total
97
228
-
-
Dividends
216
521
-
-
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
-
-
withholding
51
127
-
-
total
54
134
-
-
Income
750
750
750
750
Total tax
249
362
202
251
After tax
501
388
548
499
Living cost
340
340
340
340
Free-cash
161
48
208
159

Estimated living cost  is £340 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£24
£30
£30
£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
income
-
-
-
155
social contributions
-
-
-
64
total
-
-
-
219
Employee
688
-
750
-
income
130
-
155
-
social contributions
57
-
64
-
total
187
-
219
-
Employer
688
-
750
-
total
-
-
-
-
Corporate
62
750
-
-
income
8
94
-
-
total
8
94
-
-
Dividends
54
656
-
-
withholding
11
131
-
-
total
11
131
-
-
Income
750
750
750
750
Total tax
206
225
219
219
After tax
544
525
531
531
Living cost
501
501
501
501
Free-cash
43
24
30
30

Estimated living cost  is £501 per week

£381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£123
£231
£126
£170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
251
health

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

-
-
-
54
total
-
-
-
305
Employee
404
-
710
-
income
44
-
120
-
social contributions
40
-
40
-
total
84
-
160
-
Employer
404
-
710
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
306
750
-
-
income
107
262
-
-
total
107
262
-
-
Dividends
199
488
-
-
social contributions
30
46
-
-
total
30
46
-
-
Income
750
750
750
750
Total tax
261
308
200
305
After tax
489
442
550
445
Living cost
319
319
319
319
Free-cash
170
123
231
126

Estimated living cost  is £319 per week

£210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
139
pensions
-
-
-
53
total
-
-
-
192
Employee
445
-
662
-
pensions
34
-
60
-
income
81
-
118
-
health
6
-
10
-
total
121
-
188
-
Employer
445
-
662
-
health
8
-
13
-
pensions
45
-
75
-
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
-£152
£166
£304
£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
accident
-
-
-
2
income
-
-
-
172
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
233
Employee
335
-
626
-
pensions
38
-
68
-
income
46
-
108
-
health
38
-
72
-
total
122
-
248
-
Employer
335
-
626
-
pensions
54
-
98
-
accident
6
-
10
-
unemployment
8
-
15
-
total
68
-
123
-
Corporate
347
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.

313
675
-
-
total
313
675
-
-
Dividends
35
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
510
689
371
233
After tax
240
61
379
517
Living cost
213
213
213
213
Free-cash
27
-152
166
304

Estimated living cost  is £213 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£518
£326
£312
£476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
112
unemployment
-
-
-
9
work injury
-
-
-
4
health insurance
-
-
-
56
pensions
-
-
-
138
total
-
-
-
319
Employee

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

190
-
750
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
112
-
total
71
-
305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
560
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
560
750
-
-
withholding
84
113
-
-
total
84
113
-
-
Income
750
750
750
750
Total tax
155
113
305
319
After tax
595
637
445
431
Living cost
119
119
119
119
Free-cash
476
518
326
312

Estimated living cost  is £119 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
£44
£4
£37
£5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
14
municipal
-
-
-
5
national
-
-
-
150
total
-
-
-
362
Employee
742
-
750
-
municipal
4
-
4
-
national
125
-
127
-
regional
11
-
11
-
social contributions
250
-
253
-
total
390
-
395
-
Employer
742
-
750
-
total
-
-
-
-
Corporate
8
750
-
-
municipal
-
36
-
-
nationa
2
180
-
-
total
2
216
-
-
Dividends
6
534
-
-
withholding
2
139
-
-
total
2
139
-
-
Income
750
750
750
750
Total tax
394
355
395
362
After tax
356
395
355
388
Living cost
351
351
351
351
Free-cash
5
44
4
37

Estimated living cost  is £351 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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