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
£116
£283
£229
£212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
136
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
-
-
-
257
Employee

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

334
-
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
-
136
-
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
-
203
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
416
750
-
-
income
62
113
-
-
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
66
118
-
-
total
133
239
-
-
Dividends
283
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
274
370
203
257
After tax
476
380
547
493
Living cost
264
264
264
264
Free-cash
212
116
283
229

Estimated living cost  is £264 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£3
-£1
-£7
-£37
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
720
-
648
-
municipal
89
-
79
-
pensions
29
-
26
-
national
138
-
122
-
total
256
-
227
-
Employer
720
-
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
322
282
286
292
After tax
428
468
464
458
Living cost
465
465
465
465
Free-cash
-37
3
-1
-7

Estimated living cost  is £465 per week

£316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£418
£242
£220
£347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
255
-
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
45
-
114
-
total
73
-
180
-
Employer
255
-
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.

61
-
146
-
surtax
-
-
-
-
total
61
-
146
-
Corporate
434
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%.

87
150
-
-
total
87
150
-
-
Dividends

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

347
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
221
150
326
348
After tax
529
600
424
402
Living cost
182
182
182
182
Free-cash
347
418
242
220

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£68
-£117
£60
-£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
124
health
-
-
-
98
pensions
-
-
-
102
total
-
-
-
324
Employee
745
745
745
-
pensions
134
102
134
-
income

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

122
122
122
-
health
114
97
114
-
total
370
321
370
-
Employer
745
745
745
-
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
501
452
501
324
After tax
249
298
249
426
Living cost
366
366
366
366
Free-cash
-117
-68
-117
60

Estimated living cost  is £366 per week

£259
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
£61
£53
£25
£53
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
87
unemployment
-
-
-
1
health
-
-
-
47
municipal
-
-
-
159
national
-
-
-
-
pensions
-
-
-
81
total
-
-
-
377
Employee
497
-
571
-
municipal
148
-
170
-
national
-
-
-
-
total
148
-
170
-
Employer
497
-
571
-
health
31
-
35
-
pensions
54
-
62
-
accident
1
-
1
-
unemployment
13
-
15
-
other
58
-
66
-
total
157
-
179
-
Corporate
97
750
-
-
income
21
165
-
-
total
21
165
-
-
Dividends
76
585
-
-
withholding
23
176
-
-
total
23
176
-
-
Income
750
750
750
750
Total tax
349
341
349
377
After tax
401
409
401
373
Living cost
348
348
348
348
Free-cash
53
61
53
25

Estimated living cost  is £348 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£33
£204
£147
£154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
136
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
-
-
-
57
total
-
-
-
260
Employee

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

443
-
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
-
136
-
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
-
203
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
307
750
-
-
income
46
113
-
-
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
51
123
-
-
total
102
244
-
-
Dividends
206
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
253
374
203
260
After tax
497
376
547
490
Living cost
343
343
343
343
Free-cash
154
33
204
147

Estimated living cost  is £343 per week

£229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£267
£263
£266
£230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
65
social contributions
-
-
-
117
health
-
-
-
19
total
-
-
-
201
Employee
671
671
681
-
social contributions
33
56
57
-
income
70
62
65
-
health
7
11
12
-
total
110
129
134
-
Employer
671
671
681
-
health
7
12
13
-
social contributions
33
56
57
-
total
40
68
70
-
Corporate
317
11
-
-
income
40
1
-
-
total
40
1
-
-
Dividends
278
9
-
-
withholding
47
2
-
-
total
47
2
-
-
Income
750
750
750
750
Total tax
237
200
204
201
After tax
513
550
546
549
Living cost
283
283
283
283
Free-cash
230
267
263
266

Estimated living cost  is £283 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£266
£278
£363
£269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

226
90
628
-
unemployment
3
1
9
-
pensions
23
9
63
-
income
28
11
77
-
health
16
6
44
-
total
70
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.

226
90
628
-
pensions
44
18
122
-
total
44
18
122
-
Corporate
480
642
-
-
income
43
58
-
-
total
43
58
-
-
Dividends
437
585
-
-
social contributions
84
113
-
-
withholding
83
111
-
-
total
167
224
-
-
Income
750
750
750
750
Total tax
324
327
315
230
After tax
426
423
435
520
Living cost
157
157
157
157
Free-cash
269
266
278
363

Estimated living cost  is £157 per week

£107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£389
£222
£192
£334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
100
health
-
-
-
97
pensions
-
-
-
150
total
-
-
-
347
Employee
248
-
561
-
unemployment
4
-
9
-
pensions
5
-
11
-
income
28
-
108
-
total
37
-
128
-
Employer
248
-
561
-
health
32
-
73
-
pensions
50
-
112
-
unemployment
2
-
4
-
total
84
-
189
-
Corporate
419
750
-
-
income
84
150
-
-
total
84
150
-
-
Dividends
335
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
205
150
317
347
After tax
545
600
433
403
Living cost
211
211
211
211
Free-cash
334
389
222
192

Estimated living cost  is £211 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£134
£184
£321
£30
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
173
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
234
Employee
307
-
627
-
pensions
35
-
68
-
income
42
-
108
-
health
35
-
72
-
total
112
-
248
-
Employer
307
-
627
-
pensions
50
-
98
-
accident
5
-
10
-
unemployment
8
-
15
-
total
63
-
123
-
Corporate
381
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.

343
675
-
-
total
343
675
-
-
Dividends
38
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
525
689
371
234
After tax
225
61
379
516
Living cost
195
195
195
195
Free-cash
30
-134
184
321

Estimated living cost  is £195 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£642
£530
£673
£629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
88
-
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%.

662
750
-
-
total
-
-
-
-
Dividends
662
750
-
-
withholding
33
38
-
-
total
33
38
-
-
Income
750
750
750
750
Total tax
51
38
150
7
After tax
699
712
600
743
Living cost
70
70
70
70
Free-cash
629
642
530
673

Estimated living cost  is £70 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£319
£207
£173
£259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
317
-
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
317
-
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
353
750
-
-
income
74
157
-
-
total
74
157
-
-
Dividends
279
593
-
-
withholding
20
41
-
-
total
20
41
-
-
Income
750
750
750
750
Total tax
258
198
310
344
After tax
492
552
440
406
Living cost
233
233
233
233
Free-cash
259
319
207
173

Estimated living cost  is £233 per week

£164
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
£527
£463
£443
£486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45
total
-
-
-
193
Employee
151
-
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
151
-
690
-
health
10
-
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
30
-
60
-
Corporate
569
750
-
-
income
57
75
-
-
total
57
75
-
-
Dividends
512
675
-
-
withholding
26
34
-
-
total
26
34
-
-
Income
750
750
750
750
Total tax
150
109
173
193
After tax
600
641
577
557
Living cost
114
114
114
114
Free-cash
486
527
463
443

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£186
-£235
-£58
-£200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
124
health
-
-
-
98
pensions
-
-
-
102
total
-
-
-
324
Employee
809
745
745
-
pensions
102
102
134
-
income

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

122
122
122
-
health
101
97
114
-
total
325
321
370
-
Employer
809
745
745
-
health
56
52
52
-
pensions
56
52
52
-
unemployment
29
27
27
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
466
452
501
324
After tax
284
298
249
426
Living cost
484
484
484
484
Free-cash
-200
-186
-235
-58

Estimated living cost  is £484 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£303
£167
£152
£226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
315
-
560
-
solidarity contribution
-
-
-
-
social contributions
20
-
36
-
income
38
-
67
-
health
43
-
76
-
total
101
-
179
-
Employer
315
-
560
-
health
28
-
50
-
social contributions
79
-
140
-
total
107
-
190
-
Corporate
328
750
-
-
income
62
142
-
-
total
62
142
-
-
Dividends
266
608
-
-
withholding
40
91
-
-
total
40
91
-
-
Income
750
750
750
750
Total tax
310
233
369
384
After tax
440
517
381
366
Living cost
214
214
214
214
Free-cash
226
303
167
152

Estimated living cost  is £214 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£32
-£10
£26
-£25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
8
municipal
-
-
-
4
national
-
-
-
151
total
-
-
-
356
Employee
776
-
750
-
municipal
4
-
4
-
national
134
-
128
-
regional
7
-
7
-
social contributions
262
-
253
-
total
407
-
392
-
Employer
776
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
municipal
-
29
-
-
nationa
-
180
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
407
350
392
356
After tax
343
400
358
394
Living cost
368
368
368
368
Free-cash
-25
32
-10
26

Estimated living cost  is £368 per week

£257
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
£279
£190
£206
£254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
other
-
-
-
-
surtax
-
-
-
14
unemployment
-
-
-
2
health
-
-
-
53
pensions
-
-
-
150
total
-
-
-
351
Employee
289
-
620
-
other
-
-
-
-
unemployment
20
-
43
-
pensions
19
-
41
-
surtax
1
-
13
-
income
48
-
123
-
health
7
-
16
-
total
95
-
236
-
Employer
289
-
620
-
health
13
-
28
-
pensions
38
-
83
-
unemployment
9
-
20
-
other
-
-
-
-
total
60
-
131
-
Corporate
401
750
-
-
income
104
195
-
-
total
104
195
-
-
Dividends
296
555
-
-
withholding
44
83
-
-
total
44
83
-
-
Income
750
750
750
750
Total tax
303
278
367
351
After tax
447
472
383
399
Living cost
193
193
193
193
Free-cash
254
279
190
206

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£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
-£348
-£98
-£60
-£135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23
health
-
-
-
2
city
-
-
-
8
national
-
-
-
3
pensions
-
-
-
69
total
-
-
-
120
Employee
807
-
671
-
unemployment
-
-
-
-
pensions
68
-
56
-
national
4
-
3
-
regional
26
-
19
-
city
9
-
7
-
health
2
-
2
-
total
109
-
87
-
Employer
807
-
671
-
health
2
-
2
-
pensions
68
-
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
86
-
71
-
Corporate
-
750
-
-
regional
-
159
-
-
national
-
64
-
-
total
-
223
-
-
Dividends
-
528
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
750
750
750
750
Total tax
195
408
158
120
After tax
555
342
592
630
Living cost
690
690
690
690
Free-cash
-135
-348
-98
-60

Estimated living cost  is £690 per week

£448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-£29
£147
£88
£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.

-
-
-
136
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
-
-
-
59
total
-
-
-
262
Employee

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

524
-
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
-
136
-
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
-
203
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
226
750
-
-
income
34
113
-
-
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
39
129
-
-
total
77
250
-
-
Dividends
150
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
34
122
-
-
total
36
129
-
-
Income
750
750
750
750
Total tax
238
379
203
262
After tax
512
371
547
488
Living cost
400
400
400
400
Free-cash
112
-29
147
88

Estimated living cost  is £400 per week

£292
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
£79
£137
£137
£131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
54
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
209
total
-
-
-
314
Employee
374
-
572
-
pensions
42
-
65
-
surtax
-
-
-
-
social contributions
11
-
16
-
income
22
-
54
-
total
75
-
135
-
Employer
374
-
572
-
health
26
-
40
-
pensions
61
-
94
-
unemployment
15
-
23
-
social contributions
1
-
2
-
other
13
-
20
-
total
116
-
179
-
Corporate
260
750
-
-
income
73
210
-
-
surtax
-
-
-
-
total
73
210
-
-
Dividends
187
540
-
-
surtax
-
-
-
-
social contributions
32
93
-
-
withholding
24
69
-
-
total
56
162
-
-
Income
750
750
750
750
Total tax
320
372
314
314
After tax
430
378
436
436
Living cost
299
299
299
299
Free-cash
131
79
137
137

Estimated living cost  is £299 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£109
£167
£167
£157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
54
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
209
total
-
-
-
314
Employee
333
-
572
-
pensions
38
-
65
-
surtax
-
-
-
-
social contributions
10
-
16
-
income
17
-
54
-
total
65
-
135
-
Employer
333
-
572
-
health
23
-
40
-
pensions
55
-
94
-
unemployment
13
-
23
-
social contributions
1
-
2
-
other
12
-
20
-
total
104
-
179
-
Corporate
312
750
-
-
income
87
210
-
-
surtax
-
-
-
-
total
87
210
-
-
Dividends
225
540
-
-
surtax
-
-
-
-
social contributions
39
93
-
-
withholding
29
69
-
-
total
68
162
-
-
Income
750
750
750
750
Total tax
324
372
314
314
After tax
426
378
436
436
Living cost
269
269
269
269
Free-cash
157
109
167
167

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£273
£305
£297
£276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
113
social contributions
-
-
-
103
health
-
-
-
52
total
-
-
-
268
Employee
296
-
750
-
social contributions
41
-
103
-
income
49
-
105
-
health
21
-
52
-
total
111
-
260
-
Employer
296
-
750
-
total
-
-
-
-
Corporate
454
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
431
713
-
-
social contributions
60
98
-
-
withholding
65
107
-
-
health
30
50
-
-
total
155
255
-
-
Income
750
750
750
750
Total tax
289
292
260
268
After tax
461
458
490
482
Living cost
185
185
185
185
Free-cash
276
273
305
297

Estimated living cost  is £185 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£115
-£60
£86
£100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
101
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
57
pensions
-
-
-
139
total
-
-
-
356
Employee
436
348
581
-
other
4
3
6
-
unemployment
13
10
17
-
pensions
45
36
60
-
income
50
26
91
-
health
17
13
22
-
total
129
88
196
-
Employer
436
348
581
-
chamber of commerce
2
1
2
-
health
16
13
22
-
pensions
55
44
73
-
accident
6
5
8
-
unemployment
13
10
17
-
surtax
2
2
2
-
payroll
13
10
17
-
other
21
17
28
-
total
128
102
169
-
Corporate
187
300
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.

47
75
137
-
total
47
75
137
-
Dividends
140
225
-
-
withholding
38
62
-
-
total
38
62
-
-
Income
750
750
750
750
Total tax
342
327
502
356
After tax
408
423
248
394
Living cost
308
308
308
308
Free-cash
100
115
-60
86

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£103
-£18
£48
-£55
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
236
total
-
-
-
384
Employee

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

624
-
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
192
-
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.

29
-
27
-
total
306
-
281
-
Employer

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

624
-
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.

38
-
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.

55
-
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
181
-
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
487
329
450
384
After tax
263
421
300
366
Living cost
318
318
318
318
Free-cash
-55
103
-18
48

Estimated living cost  is £318 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£190
£88
£83
£120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
434
-
569
-
other
-
-
1
-
unemployment
7
-
9
-
pensions
20
-
27
-
income
92
-
129
-
total
119
-
166
-
Employer
434
-
569
-
pensions
103
-
134
-
accident
9
-
11
-
unemployment
24
-
31
-
other
3
-
5
-
total
139
-
181
-
Corporate
177
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.

27
113
-
-
total
27
113
-
-
Dividends
151
637
-
-
withholding
30
132
-
-
total
30
132
-
-
Income
750
750
750
750
Total tax
315
245
347
352
After tax
435
505
403
398
Living cost
315
315
315
315
Free-cash
120
190
88
83

Estimated living cost  is £315 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£13
£5
-£30
-£66
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
661
-
670
-
pensions
53
-
54
-
surtax
41
-
41
-
income
64
-
66
-
health
29
-
30
-
total
187
-
191
-
Employer
661
-
670
-
health
20
-
20
-
pensions
53
-
54
-
accident
6
-
6
-
total
79
-
80
-
Corporate
10
750
-
-
communal
-
51
-
-
income
2
113
-
-
surtax
-
8
-
-
total
2
172
-
-
Dividends
9
579
-
-
income
73
30
-
-
withholding
1
87
-
-
total
74
117
-
-
Income
750
750
750
750
Total tax
342
289
271
306
After tax
408
461
479
444
Living cost
474
474
474
474
Free-cash
-66
-13
5
-30

Estimated living cost  is £474 per week

£356
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
£276
£187
£203
£249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
other
-
-
-
-
surtax
-
-
-
14
unemployment
-
-
-
2
health
-
-
-
53
pensions
-
-
-
150
total
-
-
-
351
Employee
294
-
620
-
other
-
-
-
-
unemployment
20
-
43
-
pensions
20
-
41
-
surtax
1
-
13
-
income
49
-
123
-
health
8
-
16
-
total
98
-
236
-
Employer
294
-
620
-
health
13
-
28
-
pensions
39
-
83
-
unemployment
9
-
20
-
other
-
-
-
-
total
61
-
131
-
Corporate
394
750
-
-
income
102
195
-
-
total
102
195
-
-
Dividends
292
555
-
-
withholding
44
83
-
-
total
44
83
-
-
Income
750
750
750
750
Total tax
305
278
367
351
After tax
445
472
383
399
Living cost
196
196
196
196
Free-cash
249
276
187
203

Estimated living cost  is £196 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£159
£120
£156
£139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
11
municipal
-
-
-
4
national
-
-
-
151
total
-
-
-
359
Employee
484
-
750
-
municipal
3
-
4
-
national
77
-
128
-
regional
7
-
10
-
social contributions
163
-
253
-
total
250
-
395
-
Employer
484
-
750
-
total
-
-
-
-
Corporate
266
750
-
-
municipal
13
37
-
-
nationa
64
180
-
-
total
77
217
-
-
Dividends
189
533
-
-
withholding
49
139
-
-
total
49
139
-
-
Income
750
750
750
750
Total tax
376
356
395
359
After tax
374
394
355
391
Living cost
235
235
235
235
Free-cash
139
159
120
156

Estimated living cost  is £235 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£253
£117
£102
£158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
64
social contributions
-
-
-
219
solidarity contribution
-
-
-
-
health
-
-
-
101
total
-
-
-
384
Employee
388
-
560
-
solidarity contribution
-
-
-
-
social contributions
25
-
36
-
income
47
-
67
-
health
52
-
76
-
total
124
-
179
-
Employer
388
-
560
-
health
35
-
50
-
social contributions
97
-
140
-
total
132
-
190
-
Corporate
230
750
-
-
income
44
142
-
-
total
44
142
-
-
Dividends
186
608
-
-
withholding
28
91
-
-
total
28
91
-
-
Income
750
750
750
750
Total tax
328
233
369
384
After tax
422
517
381
366
Living cost
264
264
264
264
Free-cash
158
253
117
102

Estimated living cost  is £264 per week

£196
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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£146
-£30
£118
£142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
101
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
3
health
-
-
-
57
pensions
-
-
-
139
total
-
-
-
354
Employee
381
348
582
-
other
4
3
6
-
unemployment
11
10
17
-
pensions
39
36
60
-
income
34
26
92
-
health
15
13
23
-
total
103
88
198
-
Employer
381
348
582
-
chamber of commerce
2
1
2
-
health
14
13
22
-
pensions
48
44
73
-
accident
5
5
8
-
unemployment
11
10
17
-
surtax
-
-
-
-
payroll
11
10
17
-
other
18
17
28
-
total
109
100
167
-
Corporate
259
302
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.

65
76
137
-
total
65
76
137
-
Dividends
194
227
-
-
withholding
53
62
-
-
total
53
62
-
-
Income
750
750
750
750
Total tax
330
326
502
354
After tax
420
424
248
396
Living cost
278
278
278
278
Free-cash
142
146
-30
118

Estimated living cost  is £278 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£602
£490
£633
£582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7
total
-
-
-
7
Employee
137
-
750
-
income
27
-
150
-
total
27
-
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%.

613
750
-
-
total
-
-
-
-
Dividends
613
750
-
-
withholding
31
38
-
-
total
31
38
-
-
Income
750
750
750
750
Total tax
58
38
150
7
After tax
692
712
600
743
Living cost
110
110
110
110
Free-cash
582
602
490
633

Estimated living cost  is £110 per week

£74
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.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£283
£138
£159
£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
-
-
-
145
unemployment
-
-
-
1
health
-
-
-
74
pensions
-
-
-
137
total
-
-
-
357
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.

386
-
649
-
unemployment
1
-
1
-
pensions
60
-
101
-
income
67
-
134
-
health
25
-
42
-
total
153
-
278
-
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.

386
-
649
-
health
26
-
43
-
pensions
34
-
57
-
unemployment
-
-
-
-
total
60
-
100
-
Corporate
304
750
-
-
income
58
142
-
-
total
58
142
-
-
Dividends
246
608
-
-
withholding
37
91
-
-
total
37
91
-
-
Income
750
750
750
750
Total tax
308
233
378
357
After tax
442
517
372
393
Living cost
234
234
234
234
Free-cash
208
283
138
159

Estimated living cost  is £234 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£81
£261
£144
-£544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
85
total
-
-
-
231
Employee
537
-
-
-
social contributions
44
-
6
-
income
118
-
-
-
total
162
-
6
-
Employer
537
-
-
-
social contributions
757
-
108
-
total
757
-
108
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
919
294
114
231
After tax
-169
456
636
519
Living cost
375
375
375
375
Free-cash
-544
81
261
144

Estimated living cost  is £375 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£153
£115
£149
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
401
-
606
-
surtax
-
-
-
-
social contributions
44
-
67
-
income
83
-
150
-
total
127
-
217
-
Employer
401
-
606
-
social contributions
95
-
144
-
total
95
-
144
-
Corporate
253
750
-
-
income
53
157
-
-
surtax
-
-
-
-
total
53
157
-
-
Dividends
200
593
-
-
withholding
56
166
-
-
total
56
166
-
-
Income
750
750
750
750
Total tax
331
323
361
327
After tax
419
427
389
423
Living cost
274
274
274
274
Free-cash
145
153
115
149

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£44
£14
£14
£15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
54
other
-
-
-
23
surtax
-
-
-
-
social contributions
-
-
-
21
health
-
-
-
7
pensions
-
-
-
209
total
-
-
-
314
Employee
547
-
572
-
pensions
62
-
65
-
surtax
-
-
-
-
social contributions
16
-
16
-
income
48
-
54
-
total
126
-
135
-
Employer
547
-
572
-
health
38
-
40
-
pensions
90
-
94
-
unemployment
22
-
23
-
social contributions
2
-
2
-
other
19
-
20
-
total
171
-
179
-
Corporate
33
750
-
-
income
9
210
-
-
surtax
-
-
-
-
total
9
210
-
-
Dividends
24
540
-
-
surtax
-
-
-
-
social contributions
4
93
-
-
withholding
3
69
-
-
total
7
162
-
-
Income
750
750
750
750
Total tax
313
372
314
314
After tax
437
378
436
436
Living cost
422
422
422
422
Free-cash
15
-44
14
14

Estimated living cost  is £422 per week

£285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£413
£335
£314
£384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
9
social contributions
-
-
-
165
total
-
-
-
174
Employee
281
-
649
-
income
-
-
10
-
social contributions
18
-
42
-
total
18
-
52
-
Employer
281
-
649
-
social contributions
43
-
101
-
total
43
-
101
-
Corporate
426
750
-
-
income
43
75
-
-
total
43
75
-
-
Dividends
383
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
104
75
153
174
After tax
646
675
597
576
Living cost
262
262
262
262
Free-cash
384
413
335
314

Estimated living cost  is £262 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1152
-£1152
£50
-£1152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
135
national
-
-
-
78
pensions
-
-
-
8
total
-
-
-
280
Employee
1 774
1 774
1 774
-
municipal
378
378
378
-
labour market
142
142
142
-
pensions
3
3
3
-
national
217
217
217
-
total
740
740
740
-
Employer
1 774
1 774
1 774
-
national
217
217
217
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
378
378
378
-
total
742
742
742
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
1 482
1 482
1 482
280
After tax
-732
-732
-732
470
Living cost
420
420
420
420
Free-cash
-1 152
-1 152
-1 152
50

Estimated living cost  is £420 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-£131
£187
£324
£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
-
-
-
173
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
234
Employee
302
-
627
-
pensions
34
-
68
-
income
41
-
108
-
health
35
-
72
-
total
110
-
248
-
Employer
302
-
627
-
pensions
49
-
98
-
accident
5
-
10
-
unemployment
7
-
15
-
total
61
-
123
-
Corporate
386
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.

348
675
-
-
total
348
675
-
-
Dividends
39
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
526
689
371
234
After tax
224
61
379
516
Living cost
192
192
192
192
Free-cash
32
-131
187
324

Estimated living cost  is £192 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£173
£103
£211
£141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62
total
-
-
-
204
Employee
459
-
631
-
municipal
75
-
103
-
unemployment
7
-
9
-
pensions
31
-
43
-
national
8
-
32
-
health
3
-
6
-
total
124
-
193
-
Employer
459
-
631
-
health
4
-
5
-
pensions
80
-
109
-
accident
-
-
1
-
unemployment
3
-
4
-
total
87
-
119
-
Corporate
204
750
-
-
income
41
150
-
-
total
41
150
-
-
Dividends

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

123
450
-
-
municipal
22
81
-
-
national
-
11
-
-
total
22
92
-
-
Income
750
750
750
750
Total tax
274
242
312
204
After tax
476
508
438
546
Living cost
335
335
335
335
Free-cash
141
173
103
211

Estimated living cost  is £335 per week

£219
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
£348
£344
£347
£301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
65
social contributions
-
-
-
117
health
-
-
-
19
total
-
-
-
201
Employee
671
671
681
-
social contributions
25
56
57
-
income
73
62
65
-
health
5
11
12
-
total
103
129
134
-
Employer
671
671
681
-
health
6
12
13
-
social contributions
25
56
57
-
total
31
68
70
-
Corporate
413
11
-
-
income
52
1
-
-
total
52
1
-
-
Dividends
362
9
-
-
withholding
61
2
-
-
total
61
2
-
-
Income
750
750
750
750
Total tax
247
200
204
201
After tax
503
550
546
549
Living cost
202
202
202
202
Free-cash
301
348
344
347

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£482
£325
£453
£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.

200
-
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.

200
-
680
-
health
9
-
29
-
pensions
11
-
37
-
unemployment
1
-
3
-
total
21
-
69
-
Corporate
529
750
-
-
income
48
68
-
-
total
48
68
-
-
Dividends
481
682
-
-
withholding
43
61
-
-
total
43
61
-
-
Income
750
750
750
750
Total tax
174
129
286
158
After tax
576
621
464
592
Living cost
139
139
139
139
Free-cash
437
482
325
453

Estimated living cost  is £139 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£265
£163
£158
£220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
323
-
569
-
other
-
-
1
-
unemployment
5
-
9
-
pensions
15
-
27
-
income
62
-
129
-
total
82
-
166
-
Employer
323
-
569
-
pensions
76
-
134
-
accident
6
-
11
-
unemployment
18
-
31
-
other
3
-
5
-
total
103
-
181
-
Corporate
324
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.

49
113
-
-
total
49
113
-
-
Dividends
276
637
-
-
withholding
56
132
-
-
total
56
132
-
-
Income
750
750
750
750
Total tax
290
245
347
352
After tax
460
505
403
398
Living cost
240
240
240
240
Free-cash
220
265
163
158

Estimated living cost  is £240 per week

£162
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
£450
£458
£459
£447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
251
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
273
Employee
27
-
735
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
250
-
health
1
-
3
-
total
8
-
260
-
Employer
27
-
735
-
health
3
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
7
-
14
-
Corporate
717
750
-
-
income
158
165
-
-
total
158
165
-
-
Dividends
559
585
-
-
withholding
112
117
-
-
total
112
117
-
-
Income
750
750
750
750
Total tax
285
282
274
273
After tax
465
468
476
477
Living cost
18
18
18
18
Free-cash
447
450
458
459

Estimated living cost  is £18 per week

£11
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
£390
£233
£231
£348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
124
unemployment
-
-
-
10
health
-
-
-
66
pensions
-
-
-
168
total
-
-
-
368
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.

228
-
636
-
unemployment
2
-
5
-
pensions
32
-
89
-
income
31
-
125
-
health
12
-
33
-
total
77
-
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.

228
-
636
-
health
12
-
33
-
pensions
27
-
76
-
unemployment
2
-
5
-
total
41
-
114
-
Corporate
482
750
-
-
income
72
113
-
-
total
72
113
-
-
Dividends
409
637
-
-
withholding
61
96
-
-
total
61
96
-
-
Income
750
750
750
750
Total tax
251
209
366
368
After tax
499
541
384
382
Living cost
151
151
151
151
Free-cash
348
390
233
231

Estimated living cost  is £151 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
£192
£154
£188
£190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
339
-
606
-
surtax
-
-
-
-
social contributions
37
-
67
-
income
66
-
150
-
total
103
-
217
-
Employer
339
-
606
-
social contributions
80
-
144
-
total
80
-
144
-
Corporate
331
750
-
-
income
69
157
-
-
surtax
-
-
-
-
total
69
157
-
-
Dividends
261
593
-
-
withholding
73
166
-
-
total
73
166
-
-
Income
750
750
750
750
Total tax
325
323
361
327
After tax
425
427
389
423
Living cost
235
235
235
235
Free-cash
190
192
154
188

Estimated living cost  is £235 per week

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

Source of data for Porto model

Close
Madrid , Spain
£198
£96
£91
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
other
-
-
-
1
unemployment
-
-
-
5
pensions
-
-
-
212
total
-
-
-
352
Employee
421
-
569
-
other
-
-
1
-
unemployment
7
-
9
-
pensions
20
-
27
-
income
88
-
129
-
total
115
-
166
-
Employer
421
-
569
-
pensions
99
-
134
-
accident
8
-
11
-
unemployment
23
-
31
-
other
3
-
5
-
total
133
-
181
-
Corporate
194
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.

29
113
-
-
total
29
113
-
-
Dividends
165
637
-
-
withholding
33
132
-
-
total
33
132
-
-
Income
750
750
750
750
Total tax
310
245
347
352
After tax
440
505
403
398
Living cost
307
307
307
307
Free-cash
133
198
96
91

Estimated living cost  is £307 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£491
£427
£407
£439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
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.

-
-
-
45
total
-
-
-
193
Employee
199
-
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.

17
-
27
-
income
20
-
69
-
health
9
-
14
-
total
48
-
113
-
Employer
199
-
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
512
750
-
-
income
51
75
-
-
total
51
75
-
-
Dividends
461
675
-
-
withholding
23
34
-
-
total
23
34
-
-
Income
750
750
750
750
Total tax
161
109
173
193
After tax
589
641
577
557
Living cost
150
150
150
150
Free-cash
439
491
427
407

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£50
£210
£161
£164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
136
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
-
-
-
252
Employee

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

434
-
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
-
136
-
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
-
203
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
316
750
-
-
income
47
113
-
-
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
229
-
-
Dividends
219
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
363
203
252
After tax
501
387
547
498
Living cost
337
337
337
337
Free-cash
164
50
210
161

Estimated living cost  is £337 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£28
£33
£33
£47
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
156
social contributions
-
-
-
64
total
-
-
-
220
Employee
683
-
750
-
income
129
-
156
-
social contributions
57
-
64
-
total
186
-
220
-
Employer
683
-
750
-
total
-
-
-
-
Corporate
67
750
-
-
income
8
94
-
-
total
8
94
-
-
Dividends
59
656
-
-
withholding
12
131
-
-
total
12
131
-
-
Income
750
750
750
750
Total tax
206
225
220
220
After tax
544
525
530
530
Living cost
497
497
497
497
Free-cash
47
28
33
33

Estimated living cost  is £497 per week

£378
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
£125
£232
£132
£172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
750
income
-
-
-
248
health

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

-
-
-
53
total
-
-
-
301
Employee
400
-
710
-
income
43
-
121
-
social contributions
40
-
40
-
total
83
-
161
-
Employer
400
-
710
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
310
750
-
-
income
108
262
-
-
total
108
262
-
-
Dividends
201
488
-
-
social contributions
30
46
-
-
total
30
46
-
-
Income
750
750
750
750
Total tax
261
308
201
301
After tax
489
442
549
449
Living cost
317
317
317
317
Free-cash
172
125
232
132

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£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
-£150
£168
£305
£28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
2
income
-
-
-
173
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
234
Employee
332
-
627
-
pensions
37
-
68
-
income
46
-
108
-
health
38
-
72
-
total
121
-
248
-
Employer
332
-
627
-
pensions
54
-
98
-
accident
6
-
10
-
unemployment
8
-
15
-
total
68
-
123
-
Corporate
350
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.

315
675
-
-
total
315
675
-
-
Dividends
35
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
511
689
371
234
After tax
239
61
379
516
Living cost
211
211
211
211
Free-cash
28
-150
168
305

Estimated living cost  is £211 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£520
£329
£314
£477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
55
pensions
-
-
-
138
total
-
-
-
318
Employee

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

189
-
750
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
3
-
pensions
35
-
128
-
income
19
-
112
-
total
71
-
303
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
561
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
561
750
-
-
withholding
84
112
-
-
total
84
112
-
-
Income
750
750
750
750
Total tax
155
112
303
318
After tax
595
638
447
432
Living cost
118
118
118
118
Free-cash
477
520
329
314

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£47
£6
£39
£8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
193
regional
-
-
-
14
municipal
-
-
-
5
national
-
-
-
151
total
-
-
-
363
Employee
735
-
750
-
municipal
4
-
4
-
national
124
-
128
-
regional
11
-
11
-
social contributions
248
-
253
-
total
387
-
396
-
Employer
735
-
750
-
total
-
-
-
-
Corporate
15
750
-
-
municipal
1
36
-
-
nationa
3
180
-
-
total
4
216
-
-
Dividends
10
534
-
-
withholding
3
139
-
-
total
3
139
-
-
Income
750
750
750
750
Total tax
394
355
396
363
After tax
356
395
354
387
Living cost
348
348
348
348
Free-cash
8
47
6
39

Estimated living cost  is £348 per week

£244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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