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
£ 850
per

Your estimated
City
free-cash

Dresden , Germany
£274
£344
£262
£167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
trade
-
-
-
70
health

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

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

-
-
-
59
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.

-
-
-
174
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.

-
-
-
10
total
-
-
-
313
Employee

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

332
-
850
-
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
-
10
-
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
-
174
-
health

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

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

59
-
59
-
total
69
-
243
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
518
850
-
-
trade
82
134
-
-
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
-
-
income
78
127
-
-
chamber of commerce
2
3
-
-
total
166
271
-
-
Dividends
352
579
-
-
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.

5
8
-
-
withholding
85
141
-
-
total
90
149
-
-
Income
850
850
850
850
Total tax
325
420
243
313
After tax
525
430
607
537
Living cost
263
263
263
263
Free-cash
262
167
344
274

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£76
£82
£86
£92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
9
municipal
-
-
-
88
national
-
-
-
137
pensions
-
-
-
102
total
-
-
-
336
Employee
679
-
735
-
pensions
27
-
29
-
national
130
-
142
-
municipal
84
-
92
-
total
241
-
263
-
Employer
679
-
735
-
pensions
54
-
59
-
social contributions
7
-
8
-
total
61
-
67
-
Corporate
65
850
-
-
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%.

13
170
-
-
total
13
170
-
-
Dividends
52
680
-
-
withholding
11
150
-
-
total
11
150
-
-
Income
850
850
850
850
Total tax
326
320
330
336
After tax
524
530
520
514
Living cost
438
438
438
438
Free-cash
86
92
82
76

Estimated living cost  is £438 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£273
£299
£428
£499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
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.

-
-
-
273
income
-
-
-
123
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
396
Employee
254
-
685
-
income
45
-
130
-
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
-
75
-
surtax
-
-
-
-
total
73
-
205
-
Employer
254
-
685
-
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
-
165
-
surtax
-
-
-
-
total
61
-
165
-
Corporate
535
850
-
-
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%.

107
170
-
-
total
107
170
-
-
Dividends

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

428
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
241
170
370
396
After tax
609
680
480
454
Living cost
181
181
181
181
Free-cash
428
499
299
273

Estimated living cost  is £181 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£118
-£13
-£13
£35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
health
-
-
-
103
income
-
-
-
163
pensions
-
-
-
102
total
-
-
-
368
Employee
741
741
741
-
income

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

121
121
121
-
pensions
133
102
133
-
health
114
97
114
-
total
368
320
368
-
Employer
741
741
741
-
pensions
52
52
52
-
health
52
52
52
-
unemployment
27
27
27
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
499
451
499
368
After tax
351
399
351
482
Living cost
364
364
364
364
Free-cash
-13
35
-13
118

Estimated living cost  is £364 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£114
£120
£123
£130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
85
unemployment
-
-
-
1
accident
-
-
-
1
municipal
-
-
-
190
health
-
-
-
46
national
-
-
-
-
pensions
-
-
-
79
total
-
-
-
402
Employee
476
-
647
-
national
-
-
-
-
municipal
142
-
193
-
total
142
-
193
-
Employer
476
-
647
-
pensions
51
-
70
-
other
55
-
75
-
accident
1
-
1
-
health
29
-
40
-
unemployment
13
-
17
-
total
149
-
203
-
Corporate
225
850
-
-
income
49
187
-
-
total
49
187
-
-
Dividends
175
663
-
-
withholding
53
199
-
-
total
53
199
-
-
Income
850
850
850
850
Total tax
393
386
396
402
After tax
457
464
454
448
Living cost
334
334
334
334
Free-cash
123
130
120
114

Estimated living cost  is £334 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£193
£266
£207
£84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
trade
-
-
-
73
health

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

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

-
-
-
59
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.

-
-
-
174
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.

-
-
-
10
total
-
-
-
316
Employee

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

440
-
850
-
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
-
10
-
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
-
174
-
health

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

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

59
-
59
-
total
99
-
243
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
410
850
-
-
trade
67
140
-
-
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
61
127
-
-
chamber of commerce
2
3
-
-
total
133
277
-
-
Dividends
276
573
-
-
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
8
-
-
withholding
66
140
-
-
total
70
148
-
-
Income
850
850
850
850
Total tax
302
425
243
316
After tax
548
425
607
534
Living cost
341
341
341
341
Free-cash
207
84
266
193

Estimated living cost  is £341 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£323
£323
£306
£342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
133
health
-
-
-
22
income
-
-
-
90
total
-
-
-
245
Employee
667
667
772
-
income
70
62
90
-
social contributions
32
55
64
-
health
7
11
13
-
total
109
128
167
-
Employer
667
667
772
-
health
7
12
14
-
social contributions
32
55
64
-
total
39
67
78
-
Corporate
420
115
-
-
income
52
14
-
-
total
52
14
-
-
Dividends
367
100
-
-
withholding
62
17
-
-
total
62
17
-
-
Income
850
850
850
850
Total tax
262
226
245
245
After tax
588
624
605
605
Living cost
282
282
282
282
Free-cash
306
342
323
323

Estimated living cost  is £282 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£431
£334
£324
£321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
unemployment
-
-
-
13
health
-
-
-
59
income
-
-
-
104
pensions
-
-
-
85
total
-
-
-
261
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.

229
91
711
-
income
28
11
87
-
pensions
23
9
71
-
unemployment
3
1
11
-
health
16
6
50
-
total
70
27
219
-
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.

229
91
711
-
pensions
45
18
139
-
total
45
18
139
-
Corporate
577
741
-
-
income
52
67
-
-
total
52
67
-
-
Dividends
525
675
-
-
social contributions
101
131
-
-
withholding
100
128
-
-
total
201
259
-
-
Income
850
850
850
850
Total tax
368
371
358
261
After tax
482
479
492
589
Living cost
158
158
158
158
Free-cash
324
321
334
431

Estimated living cost  is £158 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£246
£280
£416
£470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
health
-
-
-
110
income
-
-
-
114
pensions
-
-
-
170
total
-
-
-
394
Employee
246
-
635
-
income
28
-
122
-
pensions
5
-
13
-
unemployment
4
-
10
-
total
37
-
145
-
Employer
246
-
635
-
pensions
49
-
127
-
health
32
-
83
-
unemployment
2
-
5
-
total
83
-
215
-
Corporate
521
850
-
-
income
104
170
-
-
total
104
170
-
-
Dividends
416
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
224
170
360
394
After tax
626
680
490
456
Living cost
210
210
210
210
Free-cash
416
470
280
246

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£394
£248
£40
-£121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
3
accident
-
-
-
2
health
-
-
-
19
income
-
-
-
206
pensions
-
-
-
36
total
-
-
-
266
Employee
299
-
725
-
income
41
-
138
-
pensions
34
-
66
-
health
34
-
83
-
total
109
-
287
-
Employer
299
-
725
-
pensions
49
-
95
-
accident
5
-
12
-
unemployment
7
-
18
-
total
61
-
125
-
Corporate
490
850
-
-
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.

441
765
-
-
total
441
765
-
-
Dividends
49
85
-
-
withholding
9
16
-
-
total
9
16
-
-
Income
850
850
850
850
Total tax
620
781
412
266
After tax
230
69
438
584
Living cost
190
190
190
190
Free-cash
40
-121
248
394

Estimated living cost  is £190 per week

£139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£764
£602
£714
£729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
850
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
98
-
850
-
income
20
-
170
-
total
20
-
170
-
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%.

752
850
-
-
total
-
-
-
-
Dividends
752
850
-
-
withholding
38
43
-
-
total
38
43
-
-
Income
850
850
850
850
Total tax
58
43
170
8
After tax
792
807
680
842
Living cost
78
78
78
78
Free-cash
714
729
602
764

Estimated living cost  is £78 per week

£48
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£230
£266
£335
£393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
40
health
-
-
-
37
income
-
-
-
108
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.

-
-
-
204
total
-
-
-
389
Employee
315
-
679
-
income
54
-
117
-
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
-
48
-
unemployment
3
-
7
-
health
4
-
10
-
total
83
-
182
-
Employer
315
-
679
-
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
-
115
-
other
16
-
34
-
accident
3
-
5
-
health
4
-
10
-
unemployment
3
-
7
-
total
80
-
171
-
Corporate
455
850
-
-
income
96
179
-
-
total
96
179
-
-
Dividends
360
671
-
-
withholding
25
47
-
-
total
25
47
-
-
Income
850
850
850
850
Total tax
284
226
353
389
After tax
566
624
497
461
Living cost
231
231
231
231
Free-cash
335
393
266
230

Estimated living cost  is £231 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£33
-£50
-£91
£46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
171
pensions
-
-
-
62
total
-
-
-
233
Employee
826
-
749
-
income
149
-
133
-
pensions
80
-
70
-
health
14
-
12
-
total
243
-
215
-
Employer
826
-
749
-
pensions
98
-
87
-
health
16
-
14
-
total
114
-
101
-
Corporate
-
850
-
-
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.

-
162
-
-
total
-
162
-
-
Dividends
-
688
-
-
withholding
-
58
-
-
total
-
58
-
-
Income
850
850
850
850
Total tax
357
220
316
233
After tax
493
630
534
617
Living cost
584
584
584
584
Free-cash
-91
46
-50
33

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
£528
£554
£572
£613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
unemployment
-
-
-
1
health
-
-
-
35
income
-
-
-
127
pensions

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

-
-
-
45
total
-
-
-
208
Employee
151
-
791
-
income
15
-
79
-
pensions

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

13
-
27
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
37
-
123
-
Employer
151
-
791
-
pensions

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

17
-
33
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
10
-
21
-
unemployment
1
-
2
-
total
30
-
59
-
Corporate
670
850
-
-
income
67
85
-
-
total
67
85
-
-
Dividends
603
765
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
850
850
850
850
Total tax
164
123
182
208
After tax
686
727
668
642
Living cost
114
114
114
114
Free-cash
572
613
554
528

Estimated living cost  is £114 per week

£66
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
£1
-£130
-£95
-£82
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
health
-
-
-
103
income
-
-
-
163
pensions
-
-
-
102
total
-
-
-
368
Employee
805
741
741
-
income

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

121
121
121
-
pensions
102
102
133
-
health
100
97
114
-
total
323
320
368
-
Employer
805
741
741
-
pensions
56
52
52
-
health
56
52
52
-
unemployment
29
27
27
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
464
451
499
368
After tax
386
399
351
482
Living cost
481
481
481
481
Free-cash
-95
-82
-130
1

Estimated living cost  is £481 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£206
£223
£303
£378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
248
health
-
-
-
115
income
-
-
-
73
solidarity contribution
-
-
-
-
total
-
-
-
436
Employee
307
-
634
-
income
37
-
76
-
solidarity contribution
-
-
-
-
social contributions
20
-
41
-
health
41
-
86
-
total
98
-
203
-
Employer
307
-
634
-
health
28
-
57
-
social contributions
77
-
159
-
total
105
-
216
-
Corporate
439
850
-
-
income
83
161
-
-
total
83
161
-
-
Dividends
356
689
-
-
withholding
53
103
-
-
total
53
103
-
-
Income
850
850
850
850
Total tax
339
264
419
436
After tax
511
586
431
414
Living cost
208
208
208
208
Free-cash
303
378
223
206

Estimated living cost  is £208 per week

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

Source of data for Brno model

Close
Milan , Italy
£72
£31
£42
£88
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
179
regional
-
-
-
9
total
-
-
-
412
Employee
771
-
850
-
national
134
-
153
-
social contributions
260
-
287
-
municipal
4
-
5
-
regional
7
-
8
-
total
405
-
453
-
Employer
771
-
850
-
total
-
-
-
-
Corporate
79
850
-
-
nationa
19
204
-
-
municipal
3
33
-
-
total
22
237
-
-
Dividends
57
613
-
-
withholding
15
159
-
-
total
15
159
-
-
Income
850
850
850
850
Total tax
442
396
453
412
After tax
408
454
397
438
Living cost
366
366
366
366
Free-cash
42
88
31
72

Estimated living cost  is £366 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£248
£230
£316
£343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
60
income
-
-
-
159
surtax
-
-
-
19
pensions
-
-
-
170
total
-
-
-
410
Employee
287
-
702
-
income
48
-
149
-
pensions
19
-
47
-
unemployment
20
-
49
-
health
7
-
18
-
other
-
-
-
-
surtax
1
-
17
-
total
95
-
280
-
Employer
287
-
702
-
pensions
38
-
94
-
other
-
-
-
-
health
13
-
32
-
unemployment
9
-
22
-
total
60
-
148
-
Corporate
503
850
-
-
income
131
221
-
-
total
131
221
-
-
Dividends
372
629
-
-
withholding
56
94
-
-
total
56
94
-
-
Income
850
850
850
850
Total tax
342
315
428
410
After tax
508
535
422
440
Living cost
192
192
192
192
Free-cash
316
343
230
248

Estimated living cost  is £192 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£218
£135
£168
£231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
171
pensions
-
-
-
62
total
-
-
-
233
Employee
554
-
749
-
income
100
-
133
-
pensions
47
-
70
-
health
8
-
12
-
total
155
-
215
-
Employer
554
-
749
-
pensions
60
-
87
-
health
11
-
14
-
total
71
-
101
-
Corporate
226
850
-
-
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.

43
162
-
-
total
43
162
-
-
Dividends
183
688
-
-
withholding
14
58
-
-
total
14
58
-
-
Income
850
850
850
850
Total tax
283
220
316
233
After tax
567
630
534
617
Living cost
399
399
399
399
Free-cash
168
231
135
218

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
£54
£10
£8
-£267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
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.

-
-
-
17
health
-
-
-
2
city
-
-
-
9
national
-
-
-
5
regional
-
-
-
29
pensions
-
-
-
78
total
-
-
-
140
Employee
768
-
761
-
pensions
65
-
64
-
national
4
-
4
-
unemployment
-
-
-
-
city
8
-
8
-
health
2
-
2
-
regional
25
-
25
-
total
104
-
103
-
Employer
768
-
761
-
pensions
65
-
64
-
other

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

15
-
15
-
health
2
-
2
-
unemployment
-
-
-
-
total
82
-
81
-
Corporate
-
850
-
-
regional
-
180
-
-
national
-
72
-
-
total
-
252
-
-
Dividends
-
598
-
-
withholding
-
209
-
-
total
-
209
-
-
Income
850
850
850
850
Total tax
186
461
184
140
After tax
664
389
666
710
Living cost
656
656
656
656
Free-cash
8
-267
10
54

Estimated living cost  is £656 per week

£427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£132
£209
£165
£23
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
trade
-
-
-
77
health

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

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

-
-
-
59
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.

-
-
-
174
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.

-
-
-
10
total
-
-
-
320
Employee

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

522
-
850
-
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
-
10
-
income

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

61
-
174
-
health

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

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

59
-
59
-
total
123
-
243
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
328
850
-
-
trade
56
146
-
-
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
49
127
-
-
chamber of commerce
2
3
-
-
total
110
283
-
-
Dividends
218
567
-
-
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
8
-
-
withholding
51
138
-
-
total
54
146
-
-
Income
850
850
850
850
Total tax
287
429
243
320
After tax
563
421
607
530
Living cost
398
398
398
398
Free-cash
165
23
209
132

Estimated living cost  is £398 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£194
£187
£183
£132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
26
social contributions
-
-
-
24
health
-
-
-
15
income
-
-
-
78
surtax
-
-
-
-
pensions
-
-
-
216
total
-
-
-
359
Employee
371
-
648
-
income
22
-
74
-
pensions
42
-
73
-
social contributions
11
-
18
-
surtax
-
-
-
-
total
75
-
165
-
Employer
371
-
648
-
pensions
61
-
106
-
other
13
-
22
-
health
26
-
45
-
unemployment
15
-
26
-
social contributions
1
-
2
-
total
116
-
201
-
Corporate
363
850
-
-
surtax
-
-
-
-
income
101
238
-
-
total
101
238
-
-
Dividends
261
612
-
-
surtax
-
-
-
-
social contributions
45
105
-
-
withholding
33
78
-
-
total
78
183
-
-
Income
850
850
850
850
Total tax
370
421
366
359
After tax
480
429
484
491
Living cost
297
297
297
297
Free-cash
183
132
187
194

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£223
£216
£211
£161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
26
social contributions
-
-
-
24
health
-
-
-
15
income
-
-
-
78
surtax
-
-
-
-
pensions
-
-
-
216
total
-
-
-
359
Employee
332
-
648
-
income
17
-
74
-
pensions
38
-
73
-
social contributions
9
-
18
-
surtax
-
-
-
-
total
64
-
165
-
Employer
332
-
648
-
pensions
54
-
106
-
other
11
-
22
-
health
23
-
45
-
unemployment
13
-
26
-
social contributions
1
-
2
-
total
102
-
201
-
Corporate
415
850
-
-
surtax
-
-
-
-
income
116
238
-
-
total
116
238
-
-
Dividends
299
612
-
-
surtax
-
-
-
-
social contributions
51
105
-
-
withholding
38
78
-
-
total
89
183
-
-
Income
850
850
850
850
Total tax
371
421
366
359
After tax
479
429
484
491
Living cost
268
268
268
268
Free-cash
211
161
216
223

Estimated living cost  is £268 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£363
£365
£338
£336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
117
health
-
-
-
59
income
-
-
-
127
total
-
-
-
303
Employee
294
-
850
-
income
49
-
125
-
social contributions
41
-
117
-
health
21
-
59
-
total
111
-
301
-
Employer
294
-
850
-
total
-
-
-
-
Corporate
556
850
-
-
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%.

28
42
-
-
total
28
42
-
-
Dividends
528
808
-
-
social contributions
73
111
-
-
health
37
56
-
-
withholding
79
121
-
-
total
189
288
-
-
Income
850
850
850
850
Total tax
328
330
301
303
After tax
522
520
549
547
Living cost
184
184
184
184
Free-cash
338
336
365
363

Estimated living cost  is £184 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£126
-£47
£158
£174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
chamber of commerce
-
-
-
3
unemployment
-
-
-
53
health
-
-
-
65
income
-
-
-
138
surtax
-
-
-
2
pensions
-
-
-
157
total
-
-
-
418
Employee
434
346
659
-
income
49
26
123
-
pensions
44
35
67
-
unemployment
13
10
20
-
health
17
13
25
-
other
4
3
7
-
total
127
87
242
-
Employer
434
346
659
-
pensions
54
43
83
-
other
21
16
31
-
accident
6
4
9
-
health
16
13
25
-
payroll
13
10
20
-
chamber of commerce
2
1
3
-
unemployment
13
10
20
-
surtax
2
2
2
-
total
127
99
193
-
Corporate
290
403
626
-
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.

72
101
156
-
total
72
101
156
-
Dividends
217
302
-
-
withholding
60
83
-
-
total
60
83
-
-
Income
850
850
850
850
Total tax
386
370
591
418
After tax
464
480
259
432
Living cost
306
306
306
306
Free-cash
158
174
-47
126

Estimated living cost  is £306 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£85
£16
£32
£161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
132
communal

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

-
-
-
43
national
-
-
-
274
total
-
-
-
449
Employee

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

621
-
658
-
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
-
49
-
national
191
-
206
-
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
-
6
-
communal

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

32
-
34
-
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
-
31
-
total
304
-
326
-
Employer

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

621
-
658
-
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
-
58
-
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
-
9
-
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
-
40
-
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
-
10
-
surtax
70
-
75
-
total
180
-
192
-
Corporate
48
850
-
-
surtax
-
3
-
-
income
10
170
-
-
total
10
173
-
-
Dividends
39
677
-
-
withholding

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

8
200
-
-
total
8
200
-
-
Income
850
850
850
850
Total tax
502
373
518
449
After tax
348
477
332
401
Living cost
316
316
316
316
Free-cash
32
161
16
85

Estimated living cost  is £316 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£141
£138
£191
£260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
154
pensions
-
-
-
228
total
-
-
-
396
Employee
432
-
645
-
income
91
-
153
-
pensions
20
-
30
-
unemployment
7
-
10
-
other
-
-
1
-
total
118
-
194
-
Employer
432
-
645
-
pensions
102
-
152
-
other
3
-
5
-
accident
9
-
13
-
unemployment
24
-
35
-
total
138
-
205
-
Corporate
280
850
-
-
income

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

42
127
-
-
total
42
127
-
-
Dividends
238
723
-
-
withholding
48
150
-
-
total
48
150
-
-
Income
850
850
850
850
Total tax
346
277
399
396
After tax
504
573
451
454
Living cost
313
313
313
313
Free-cash
191
260
138
141

Estimated living cost  is £313 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£17
£54
-£9
£50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
7
health
-
-
-
60
income
-
-
-
71
communal
-
-
-
54
surtax
-
-
-
42
pensions
-
-
-
127
total
-
-
-
361
Employee
657
-
759
-
income
63
-
91
-
pensions
53
-
61
-
health
29
-
34
-
surtax
40
-
47
-
total
185
-
233
-
Employer
657
-
759
-
pensions
53
-
61
-
accident
6
-
7
-
health
20
-
23
-
total
79
-
91
-
Corporate
114
850
-
-
communal
-
57
-
-
surtax
1
9
-
-
income
17
127
-
-
total
18
193
-
-
Dividends
96
656
-
-
withholding
14
98
-
-
income
91
37
-
-
total
105
135
-
-
Income
850
850
850
850
Total tax
387
328
324
361
After tax
463
522
526
489
Living cost
472
472
472
472
Free-cash
-9
50
54
17

Estimated living cost  is £472 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£245
£227
£313
£340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
60
income
-
-
-
159
surtax
-
-
-
19
pensions
-
-
-
170
total
-
-
-
410
Employee
292
-
702
-
income
49
-
149
-
pensions
20
-
47
-
unemployment
20
-
49
-
health
7
-
18
-
other
-
-
-
-
surtax
1
-
17
-
total
97
-
280
-
Employer
292
-
702
-
pensions
39
-
94
-
other
-
-
-
-
health
13
-
32
-
unemployment
9
-
22
-
total
61
-
148
-
Corporate
496
850
-
-
income
129
221
-
-
total
129
221
-
-
Dividends
367
629
-
-
withholding
55
94
-
-
total
55
94
-
-
Income
850
850
850
850
Total tax
342
315
428
410
After tax
508
535
422
440
Living cost
195
195
195
195
Free-cash
313
340
227
245

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£200
£160
£195
£213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
219
municipal
-
-
-
5
national
-
-
-
179
regional
-
-
-
13
total
-
-
-
416
Employee
481
-
850
-
national
76
-
153
-
social contributions
162
-
287
-
municipal
3
-
5
-
regional
6
-
11
-
total
247
-
456
-
Employer
481
-
850
-
total
-
-
-
-
Corporate
369
850
-
-
nationa
88
204
-
-
municipal
18
42
-
-
total
106
246
-
-
Dividends
262
604
-
-
withholding
68
157
-
-
total
68
157
-
-
Income
850
850
850
850
Total tax
421
403
456
416
After tax
429
447
394
434
Living cost
234
234
234
234
Free-cash
195
213
160
200

Estimated living cost  is £234 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£157
£174
£237
£329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
248
health
-
-
-
115
income
-
-
-
73
solidarity contribution
-
-
-
-
total
-
-
-
436
Employee
378
-
634
-
income
45
-
76
-
solidarity contribution
-
-
-
-
social contributions
25
-
41
-
health
51
-
86
-
total
121
-
203
-
Employer
378
-
634
-
health
34
-
57
-
social contributions
94
-
159
-
total
128
-
216
-
Corporate
344
850
-
-
income
65
161
-
-
total
65
161
-
-
Dividends
278
689
-
-
withholding
42
103
-
-
total
42
103
-
-
Income
850
850
850
850
Total tax
356
264
419
436
After tax
494
586
431
414
Living cost
257
257
257
257
Free-cash
237
329
174
157

Estimated living cost  is £257 per week

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

Source of data for Prague model

Close
Graz , Austria
£157
-£19
£196
£205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
chamber of commerce
-
-
-
3
unemployment
-
-
-
53
health
-
-
-
65
income
-
-
-
138
surtax
-
-
-
-
pensions
-
-
-
157
total
-
-
-
416
Employee
379
346
660
-
income
34
26
123
-
pensions
39
35
68
-
unemployment
11
10
20
-
health
15
13
26
-
other
4
3
7
-
total
103
87
244
-
Employer
379
346
660
-
pensions
48
43
83
-
other
18
16
31
-
accident
5
4
9
-
health
14
13
25
-
payroll
11
10
20
-
chamber of commerce
2
1
3
-
unemployment
11
10
20
-
surtax
-
-
-
-
total
109
97
191
-
Corporate
361
405
627
-
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.

90
101
157
-
total
90
101
157
-
Dividends
271
303
-
-
withholding
75
83
-
-
total
75
83
-
-
Income
850
850
850
850
Total tax
377
368
592
416
After tax
473
482
258
434
Living cost
277
277
277
277
Free-cash
196
205
-19
157

Estimated living cost  is £277 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£720
£558
£663
£685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
850
microenterprise

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

-
-
-
8
total
-
-
-
8
Employee
152
-
850
-
income
30
-
170
-
total
30
-
170
-
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%.

698
850
-
-
total
-
-
-
-
Dividends
698
850
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
850
850
850
850
Total tax
65
43
170
8
After tax
785
807
680
842
Living cost
122
122
122
122
Free-cash
663
685
558
720

Estimated living cost  is £122 per week

£82
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£208
£183
£280
£352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
unemployment
-
-
-
1
health
-
-
-
84
income
-
-
-
169
pensions
-
-
-
155
total
-
-
-
409
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

384
-
735
-
income
66
-
157
-
pensions
59
-
114
-
unemployment
1
-
1
-
health
25
-
48
-
total
151
-
320
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

384
-
735
-
pensions
34
-
65
-
health
26
-
49
-
unemployment
-
-
-
-
total
60
-
114
-
Corporate
406
850
-
-
income
77
162
-
-
total
77
162
-
-
Dividends
329
688
-
-
withholding
49
103
-
-
total
49
103
-
-
Income
850
850
850
850
Total tax
337
265
434
409
After tax
513
585
416
441
Living cost
233
233
233
233
Free-cash
280
352
183
208

Estimated living cost  is £233 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£213
£362
-£442
£143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
97
income
-
-
-
166
total
-
-
-
263
Employee
536
-
-
-
income
118
-
-
-
social contributions
44
-
6
-
total
162
-
6
-
Employer
536
-
-
-
social contributions
756
-
108
-
total
756
-
108
-
Corporate
-
850
-
-
income
-
187
-
-
total
-
187
-
-
Dividends
-
663
-
-
income
-
146
-
-
total
-
146
-
-
Income
850
850
850
850
Total tax
918
333
114
263
After tax
-68
517
736
587
Living cost
374
374
374
374
Free-cash
-442
143
362
213

Estimated living cost  is £374 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.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£205
£162
£202
£211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
850
social contributions

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

-
-
-
295
income
-
-
-
78
surtax
-
-
-
-
total
-
-
-
373
Employee
399
-
687
-
income
83
-
177
-
social contributions
44
-
76
-
surtax
-
-
-
-
total
127
-
253
-
Employer
399
-
687
-
social contributions
95
-
163
-
total
95
-
163
-
Corporate
356
850
-
-
surtax
-
-
-
-
income
75
179
-
-
total
75
179
-
-
Dividends
281
671
-
-
withholding
79
188
-
-
total
79
188
-
-
Income
850
850
850
850
Total tax
376
367
416
373
After tax
474
483
434
477
Living cost
272
272
272
272
Free-cash
202
211
162
205

Estimated living cost  is £272 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£72
£65
£70
£10
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
26
social contributions
-
-
-
24
health
-
-
-
15
income
-
-
-
78
surtax
-
-
-
-
pensions
-
-
-
216
total
-
-
-
359
Employee
544
-
648
-
income
47
-
74
-
pensions
61
-
73
-
social contributions
15
-
18
-
surtax
-
-
-
-
total
123
-
165
-
Employer
544
-
648
-
pensions
89
-
106
-
other
19
-
22
-
health
38
-
45
-
unemployment
22
-
26
-
social contributions
2
-
2
-
total
170
-
201
-
Corporate
137
850
-
-
surtax
-
-
-
-
income
38
238
-
-
total
38
238
-
-
Dividends
98
612
-
-
surtax
-
-
-
-
social contributions
17
105
-
-
withholding
13
78
-
-
total
30
183
-
-
Income
850
850
850
850
Total tax
361
421
366
359
After tax
489
429
484
491
Living cost
419
419
419
419
Free-cash
70
10
65
72

Estimated living cost  is £419 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£388
£411
£475
£504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
187
income
-
-
-
14
total
-
-
-
201
Employee
279
-
736
-
social contributions
18
-
48
-
income
-
-
16
-
total
18
-
64
-
Employer
279
-
736
-
social contributions
43
-
114
-
total
43
-
114
-
Corporate
528
850
-
-
income
53
85
-
-
total
53
85
-
-
Dividends
475
765
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
114
85
178
201
After tax
736
765
672
649
Living cost
261
261
261
261
Free-cash
475
504
411
388

Estimated living cost  is £261 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
£110
-£1042
-£1042
-£1042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
municipal
-
-
-
157
national
-
-
-
90
labour market
-
-
-
67
pensions
-
-
-
8
total
-
-
-
322
Employee
1 765
1 765
1 765
-
labour market
141
141
141
-
pensions
3
3
3
-
national
216
216
216
-
municipal
376
376
376
-
total
736
736
736
-
Employer
1 765
1 765
1 765
-
pensions
5
5
5
-
municipal
376
376
376
-
national
216
216
216
-
labour market
141
141
141
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
1 474
1 474
1 474
322
After tax
-624
-624
-624
528
Living cost
418
418
418
418
Free-cash
-1 042
-1 042
-1 042
110

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£397
£251
£41
-£118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
3
accident
-
-
-
2
health
-
-
-
19
income
-
-
-
206
pensions
-
-
-
36
total
-
-
-
266
Employee
295
-
725
-
income
40
-
138
-
pensions
33
-
66
-
health
34
-
83
-
total
107
-
287
-
Employer
295
-
725
-
pensions
48
-
95
-
accident
5
-
12
-
unemployment
7
-
18
-
total
60
-
125
-
Corporate
495
850
-
-
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.

446
765
-
-
total
446
765
-
-
Dividends
50
85
-
-
withholding
9
16
-
-
total
9
16
-
-
Income
850
850
850
850
Total tax
622
781
412
266
After tax
228
69
438
584
Living cost
187
187
187
187
Free-cash
41
-118
251
397

Estimated living cost  is £187 per week

£136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£273
£152
£213
£233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
850
municipal
-
-
-
151
health
-
-
-
9
national
-
-
-
84
total
-
-
-
244
Employee
457
-
715
-
pensions
31
-
48
-
national
8
-
46
-
municipal
75
-
117
-
unemployment
7
-
11
-
health
3
-
7
-
total
124
-
229
-
Employer
457
-
715
-
pensions
79
-
124
-
accident
-
-
1
-
health
4
-
6
-
unemployment
3
-
5
-
total
86
-
136
-
Corporate
307
850
-
-
income
61
170
-
-
total
61
170
-
-
Dividends

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

184
510
-
-
municipal
33
92
-
-
national
-
22
-
-
total
33
114
-
-
Income
850
850
850
850
Total tax
304
284
365
244
After tax
546
566
485
606
Living cost
333
333
333
333
Free-cash
213
233
152
273

Estimated living cost  is £333 per week

£218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£404
£404
£374
£423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
133
health
-
-
-
22
income
-
-
-
90
total
-
-
-
245
Employee
667
667
772
-
income
73
62
90
-
social contributions
25
55
64
-
health
5
11
13
-
total
103
128
167
-
Employer
667
667
772
-
health
6
12
14
-
social contributions
25
55
64
-
total
31
67
78
-
Corporate
515
115
-
-
income
64
14
-
-
total
64
14
-
-
Dividends
451
100
-
-
withholding
77
17
-
-
total
77
17
-
-
Income
850
850
850
850
Total tax
275
226
245
245
After tax
575
624
605
605
Living cost
201
201
201
201
Free-cash
374
423
404
404

Estimated living cost  is £201 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£545
£386
£520
£566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
850
unemployment
-
-
-
-
health
-
-
-
31
income
-
-
-
81
pensions
-
-
-
55
total
-
-
-
167
Employee

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

199
-
771
-
income
14
-
61
-
pensions
30
-
116
-
unemployment
1
-
4
-
health
17
-
66
-
total
62
-
247
-
Employer

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

199
-
771
-
pensions
11
-
42
-
health
9
-
33
-
unemployment
1
-
4
-
total
21
-
79
-
Corporate
630
850
-
-
income
57
76
-
-
total
57
76
-
-
Dividends
574
774
-
-
withholding
52
70
-
-
total
52
70
-
-
Income
850
850
850
850
Total tax
192
146
326
167
After tax
658
704
524
683
Living cost
138
138
138
138
Free-cash
520
566
386
545

Estimated living cost  is £138 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£215
£212
£288
£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
-
-
-
850
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
154
pensions
-
-
-
228
total
-
-
-
396
Employee
321
-
645
-
income
62
-
153
-
pensions
15
-
30
-
unemployment
5
-
10
-
other
-
-
1
-
total
82
-
194
-
Employer
321
-
645
-
pensions
76
-
152
-
other
3
-
5
-
accident
6
-
13
-
unemployment
18
-
35
-
total
103
-
205
-
Corporate
427
850
-
-
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.

64
127
-
-
total
64
127
-
-
Dividends
363
723
-
-
withholding
74
150
-
-
total
74
150
-
-
Income
850
850
850
850
Total tax
323
277
399
396
After tax
527
573
451
454
Living cost
239
239
239
239
Free-cash
288
334
212
215

Estimated living cost  is £239 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£514
£512
£503
£506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
health
-
-
-
13
income
-
-
-
282
pensions
-
-
-
17
total
-
-
-
312
Employee
36
-
830
-
income
7
-
281
-
pensions
3
-
8
-
unemployment
-
-
1
-
health
2
-
4
-
total
12
-
294
-
Employer
36
-
830
-
pensions
4
-
10
-
health
3
-
8
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
806
850
-
-
income
177
187
-
-
total
177
187
-
-
Dividends
628
663
-
-
withholding
126
133
-
-
total
126
133
-
-
Income
850
850
850
850
Total tax
323
320
314
312
After tax
527
530
536
538
Living cost
24
24
24
24
Free-cash
503
506
512
514

Estimated living cost  is £24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£297
£297
£421
£465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
unemployment
-
-
-
10
health
-
-
-
66
income
-
-
-
160
pensions
-
-
-
167
total
-
-
-
403
Employee

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

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

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

226
-
735
-
income
31
-
160
-
pensions
32
-
90
-
unemployment
2
-
5
-
health
12
-
33
-
total
77
-
288
-
Employer

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

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

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

226
-
735
-
pensions
27
-
77
-
health
12
-
33
-
unemployment
2
-
5
-
total
41
-
115
-
Corporate
583
850
-
-
income
87
127
-
-
total
87
127
-
-
Dividends
496
723
-
-
withholding
74
108
-
-
total
74
108
-
-
Income
850
850
850
850
Total tax
279
235
403
403
After tax
571
615
447
447
Living cost
150
150
150
150
Free-cash
421
465
297
297

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£243
£200
£246
£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

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.

-
-
-
850
social contributions

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

-
-
-
295
income
-
-
-
78
surtax
-
-
-
-
total
-
-
-
373
Employee
337
-
687
-
income
66
-
177
-
social contributions
37
-
76
-
surtax
-
-
-
-
total
103
-
253
-
Employer
337
-
687
-
social contributions
80
-
163
-
total
80
-
163
-
Corporate
433
850
-
-
surtax
-
-
-
-
income
91
179
-
-
total
91
179
-
-
Dividends
342
671
-
-
withholding
96
188
-
-
total
96
188
-
-
Income
850
850
850
850
Total tax
370
367
416
373
After tax
480
483
434
477
Living cost
234
234
234
234
Free-cash
246
249
200
243

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£149
£146
£202
£268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
1
unemployment
-
-
-
6
accident
-
-
-
7
income
-
-
-
154
pensions
-
-
-
228
total
-
-
-
396
Employee
419
-
645
-
income
88
-
153
-
pensions
20
-
30
-
unemployment
6
-
10
-
other
-
-
1
-
total
114
-
194
-
Employer
419
-
645
-
pensions
99
-
152
-
other
3
-
5
-
accident
8
-
13
-
unemployment
23
-
35
-
total
133
-
205
-
Corporate
297
850
-
-
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.

45
127
-
-
total
45
127
-
-
Dividends
253
723
-
-
withholding
51
150
-
-
total
51
150
-
-
Income
850
850
850
850
Total tax
343
277
399
396
After tax
507
573
451
454
Living cost
305
305
305
305
Free-cash
202
268
146
149

Estimated living cost  is £305 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£493
£519
£525
£578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
unemployment
-
-
-
1
health
-
-
-
35
income
-
-
-
127
pensions

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

-
-
-
45
total
-
-
-
208
Employee
198
-
791
-
income
20
-
79
-
pensions

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

17
-
27
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
48
-
123
-
Employer
198
-
791
-
pensions

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

22
-
33
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
14
-
21
-
unemployment
1
-
2
-
total
39
-
59
-
Corporate
613
850
-
-
income
61
85
-
-
total
61
85
-
-
Dividends
552
765
-
-
withholding
28
38
-
-
total
28
38
-
-
Income
850
850
850
850
Total tax
176
123
182
208
After tax
674
727
668
642
Living cost
149
149
149
149
Free-cash
525
578
519
493

Estimated living cost  is £149 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£208
£272
£217
£104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
trade
-
-
-
64
health

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

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

-
-
-
59
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.

-
-
-
174
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.

-
-
-
10
total
-
-
-
307
Employee

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

432
-
850
-
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
-
10
-
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
-
174
-
health

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

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

59
-
59
-
total
97
-
243
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
418
850
-
-
trade
60
122
-
-
surtax

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

3
7
-
-
income
63
127
-
-
chamber of commerce
2
3
-
-
total
128
259
-
-
Dividends
290
591
-
-
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
8
-
-
withholding
69
144
-
-
total
73
152
-
-
Income
850
850
850
850
Total tax
298
411
243
307
After tax
552
439
607
543
Living cost
335
335
335
335
Free-cash
217
104
272
208

Estimated living cost  is £335 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£84
£84
£121
£101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
75
income
-
-
-
197
total
-
-
-
272
Employee
679
-
850
-
social contributions
56
-
75
-
income
128
-
197
-
total
184
-
272
-
Employer
679
-
850
-
total
-
-
-
-
Corporate
171
850
-
-
income
21
106
-
-
total
21
106
-
-
Dividends
150
744
-
-
withholding
30
149
-
-
total
30
149
-
-
Income
850
850
850
850
Total tax
235
255
272
272
After tax
615
595
578
578
Living cost
494
494
494
494
Free-cash
121
101
84
84

Estimated living cost  is £494 per week

£376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£230
£309
£228
£192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
850
health

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

-
-
-
58
income
-
-
-
247
total
-
-
-
305
Employee
398
-
810
-
social contributions
40
-
40
-
income
43
-
146
-
total
83
-
186
-
Employer
398
-
810
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
412
850
-
-
income
144
297
-
-
total
144
297
-
-
Dividends
268
553
-
-
social contributions
40
46
-
-
total
40
46
-
-
Income
850
850
850
850
Total tax
307
343
226
305
After tax
543
507
624
545
Living cost
315
315
315
315
Free-cash
228
192
309
230

Estimated living cost  is £315 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£293
£210
£264
£306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
171
pensions
-
-
-
62
total
-
-
-
233
Employee
445
-
749
-
income
81
-
133
-
pensions
34
-
70
-
health
6
-
12
-
total
121
-
215
-
Employer
445
-
749
-
pensions
45
-
87
-
health
8
-
14
-
total
53
-
101
-
Corporate
351
850
-
-
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.

67
162
-
-
total
67
162
-
-
Dividends
285
688
-
-
withholding
21
58
-
-
total
21
58
-
-
Income
850
850
850
850
Total tax
262
220
316
233
After tax
588
630
534
617
Living cost
324
324
324
324
Free-cash
264
306
210
293

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
£378
£232
£38
-£137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
other
-
-
-
3
accident
-
-
-
2
health
-
-
-
19
income
-
-
-
206
pensions
-
-
-
36
total
-
-
-
266
Employee
324
-
725
-
income
44
-
138
-
pensions
36
-
66
-
health
37
-
83
-
total
117
-
287
-
Employer
324
-
725
-
pensions
53
-
95
-
accident
5
-
12
-
unemployment
8
-
18
-
total
66
-
125
-
Corporate
460
850
-
-
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.

414
765
-
-
total
414
765
-
-
Dividends
46
85
-
-
withholding
9
16
-
-
total
9
16
-
-
Income
850
850
850
850
Total tax
606
781
412
266
After tax
244
69
438
584
Living cost
206
206
206
206
Free-cash
38
-137
232
378

Estimated living cost  is £206 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£370
£413
£563
£599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
850
work injury
-
-
-
4
unemployment
-
-
-
10
income
-
-
-
130
health insurance
-
-
-
63
pensions
-
-
-
156
total
-
-
-
363
Employee

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

188
-
850
-
income
19
-
130
-
work injury
1
-
3
-
pensions
35
-
128
-
unemployment
2
-
8
-
health insurance
14
-
51
-
total
71
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
662
850
-
-
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%.

-
8
-
-
total
-
8
-
-
Dividends
662
842
-
-
withholding
99
126
-
-
total
99
126
-
-
Income
850
850
850
850
Total tax
170
134
320
363
After tax
680
716
530
487
Living cost
117
117
117
117
Free-cash
563
599
413
370

Estimated living cost  is £117 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£83
£45
£62
£102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
219
municipal
-
-
-
6
national
-
-
-
179
regional
-
-
-
17
total
-
-
-
421
Employee
731
-
850
-
national
124
-
153
-
social contributions
247
-
287
-
municipal
4
-
5
-
regional
11
-
14
-
total
386
-
459
-
Employer
731
-
850
-
total
-
-
-
-
Corporate
119
850
-
-
nationa
28
204
-
-
municipal
6
41
-
-
total
34
245
-
-
Dividends
84
605
-
-
withholding
22
157
-
-
total
22
157
-
-
Income
850
850
850
850
Total tax
442
402
459
421
After tax
408
448
391
429
Living cost
346
346
346
346
Free-cash
62
102
45
83

Estimated living cost  is £346 per week

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