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
£ 950
per

Your estimated
City
free-cash

Dresden , Germany
£213
£401
£316
£312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
212
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.

-
-
-
12
health

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

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

-
-
-
60
trade
-
-
-
85
total
-
-
-
369
Employee

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

335
-
950
-
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
-
12
-
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
-
212
-
health

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

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

60
-
60
-
total
70
-
284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
615
950
-
-
income
92
143
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
97
150
-
-
total
196
304
-
-
Dividends
418
647
-
-
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.

6
9
-
-
withholding
101
159
-
-
total
107
168
-
-
Income
950
950
950
950
Total tax
373
472
284
369
After tax
577
478
666
581
Living cost
265
265
265
265
Free-cash
312
213
401
316

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£129
£115
£109
£119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
10
municipal
-
-
-
99
national
-
-
-
154
pensions
-
-
-
114
total
-
-
-
377
Employee
719
-
821
-
municipal
89
-
103
-
pensions
29
-
33
-
national
138
-
160
-
total
256
-
296
-
Employer
719
-
821
-
pensions
58
-
66
-
social contributions
8
-
9
-
total
66
-
75
-
Corporate
118
950
-
-
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%.

24
190
-
-
total
24
190
-
-
Dividends
94
760
-
-
withholding
21
167
-
-
total
21
167
-
-
Income
950
950
950
950
Total tax
367
357
371
377
After tax
583
593
579
573
Living cost
464
464
464
464
Free-cash
119
129
115
109

Estimated living cost  is £464 per week

£315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£578
£353
£325
£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

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.

-
-
-
950
income
-
-
-
138
surtax
-
-
-
-
social contributions

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

-
-
-
305
microenterprise
-
-
-
-
total
-
-
-
443
Employee
256
-
766
-
surtax
-
-
-
-
social contributions

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

28
-
84
-
income
46
-
147
-
total
74
-
231
-
Employer
256
-
766
-
social contributions

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

62
-
184
-
surtax
-
-
-
-
total
62
-
184
-
Corporate
632
950
-
-
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%.

126
190
-
-
total
126
190
-
-
Dividends

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

506
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
262
190
415
443
After tax
688
760
535
507
Living cost
182
182
182
182
Free-cash
506
578
353
325

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£95
£116
£173
£40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
199
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
410
Employee
748
748
808
-
pensions
135
103
103
-
income

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

122
122
122
-
health
115
98
101
-
total
372
323
326
-
Employer
748
748
808
-
health
52
52
56
-
pensions
52
52
56
-
unemployment
27
27
29
-
total
131
131
141
-
Corporate
80
71
-
-
income
16
14
-
-
total
16
14
-
-
Dividends
64
56
-
-
income
14
12
-
-
withholding
10
8
-
-
total
24
20
-
-
Income
950
950
950
950
Total tax
543
488
467
410
After tax
407
462
483
540
Living cost
367
367
367
367
Free-cash
40
95
116
173

Estimated living cost  is £367 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£157
£146
£143
£147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
other
-
-
-
92
unemployment
-
-
-
1
health
-
-
-
49
municipal
-
-
-
215
national
-
-
-
-
pensions
-
-
-
86
total
-
-
-
445
Employee
515
-
723
-
municipal
154
-
216
-
national
-
-
-
-
total
154
-
216
-
Employer
515
-
723
-
health
32
-
44
-
pensions
56
-
78
-
accident
1
-
1
-
unemployment
14
-
19
-
other
60
-
84
-
total
163
-
226
-
Corporate
273
950
-
-
income
60
209
-
-
total
60
209
-
-
Dividends
213
741
-
-
withholding
64
222
-
-
total
64
222
-
-
Income
950
950
950
950
Total tax
441
431
442
445
After tax
509
519
508
505
Living cost
362
362
362
362
Free-cash
147
157
146
143

Estimated living cost  is £362 per week

£240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£130
£322
£233
£255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
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.

-
-
-
212
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.

-
-
-
12
health

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

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

-
-
-
60
trade
-
-
-
89
total
-
-
-
373
Employee

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

444
-
950
-
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
-
12
-
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
-
212
-
health

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

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

60
-
60
-
total
100
-
284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
506
950
-
-
income
76
143
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
83
156
-
-
total
165
310
-
-
Dividends
340
641
-
-
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
9
-
-
withholding
82
157
-
-
total
86
166
-
-
Income
950
950
950
950
Total tax
351
476
284
373
After tax
599
474
666
577
Living cost
344
344
344
344
Free-cash
255
130
322
233

Estimated living cost  is £344 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£412
£378
£384
£374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
116
social contributions
-
-
-
142
health
-
-
-
24
total
-
-
-
282
Employee
674
674
862
-
social contributions
33
56
72
-
income
71
62
113
-
health
7
11
15
-
total
111
129
200
-
Employer
674
674
862
-
health
7
12
16
-
social contributions
33
56
72
-
total
40
68
88
-
Corporate
515
208
-
-
income
64
26
-
-
total
64
26
-
-
Dividends
451
182
-
-
withholding
77
31
-
-
total
77
31
-
-
Income
950
950
950
950
Total tax
292
254
288
282
After tax
658
696
662
668
Living cost
284
284
284
284
Free-cash
374
412
378
384

Estimated living cost  is £284 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£375
£390
£498
£379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
116
unemployment
-
-
-
14
health
-
-
-
66
pensions
-
-
-
95
total
-
-
-
291
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.

232
92
795
-
unemployment
3
1
12
-
pensions
23
9
79
-
income
28
11
97
-
health
16
6
56
-
total
70
27
244
-
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.

232
92
795
-
pensions
45
18
155
-
total
45
18
155
-
Corporate
672
840
-
-
income
61
76
-
-
total
61
76
-
-
Dividends
612
764
-
-
social contributions
118
148
-
-
withholding
116
145
-
-
total
234
293
-
-
Income
950
950
950
950
Total tax
410
414
399
291
After tax
540
536
551
659
Living cost
161
161
161
161
Free-cash
379
375
390
498

Estimated living cost  is £161 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£548
£336
£298
£494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
127
health
-
-
-
123
pensions
-
-
-
190
total
-
-
-
440
Employee
249
-
710
-
unemployment
4
-
11
-
pensions
5
-
14
-
income
28
-
137
-
total
37
-
162
-
Employer
249
-
710
-
health
32
-
92
-
pensions
50
-
142
-
unemployment
2
-
6
-
total
84
-
240
-
Corporate
617
950
-
-
income
123
190
-
-
total
123
190
-
-
Dividends
494
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
244
190
402
440
After tax
706
760
548
510
Living cost
212
212
212
212
Free-cash
494
548
336
298

Estimated living cost  is £212 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£118
£298
£458
£47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
236
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
297
Employee
307
-
818
-
pensions
35
-
68
-
income
42
-
163
-
health
35
-
94
-
total
112
-
325
-
Employer
307
-
818
-
pensions
50
-
98
-
accident
5
-
14
-
unemployment
8
-
20
-
total
63
-
132
-
Corporate
580
950
-
-
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.

522
855
-
-
total
522
855
-
-
Dividends
58
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
708
873
457
297
After tax
242
77
493
653
Living cost
195
195
195
195
Free-cash
47
-118
298
458

Estimated living cost  is £195 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
£831
£688
£868
£817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
950
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
90
-
950
-
income
18
-
190
-
total
18
-
190
-
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%.

860
950
-
-
total
-
-
-
-
Dividends
860
950
-
-
withholding
43
47
-
-
total
43
47
-
-
Income
950
950
950
950
Total tax
61
47
190
10
After tax
889
903
760
940
Living cost
72
72
72
72
Free-cash
817
831
688
868

Estimated living cost  is £72 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£463
£317
£279
£405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
122
other
-
-
-
45
health
-
-
-
42
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.

-
-
-
228
total
-
-
-
437
Employee
318
-
759
-
unemployment
3
-
8
-
pensions

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

22
-
53
-
income
55
-
135
-
health
4
-
11
-
total
84
-
207
-
Employer
318
-
759
-
health
4
-
11
-
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
-
129
-
accident
3
-
6
-
unemployment
3
-
8
-
other
16
-
38
-
total
80
-
192
-
Corporate
552
950
-
-
income
116
200
-
-
total
116
200
-
-
Dividends
436
750
-
-
withholding
31
53
-
-
total
31
53
-
-
Income
950
950
950
950
Total tax
311
253
399
437
After tax
639
697
551
513
Living cost
234
234
234
234
Free-cash
405
463
317
279

Estimated living cost  is £234 per week

£165
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
£102
£4
£90
£6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
209
pensions
-
-
-
67
total
-
-
-
276
Employee
826
-
835
-
pensions
80
-
81
-
income
149
-
152
-
health
14
-
14
-
total
243
-
247
-
Employer
826
-
835
-
health
16
-
16
-
pensions
98
-
99
-
total
114
-
115
-
Corporate
10
950
-
-
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.

2
180
-
-
total
2
180
-
-
Dividends
8
770
-
-
withholding
1
84
-
-
total
1
84
-
-
Income
950
950
950
950
Total tax
360
264
362
276
After tax
590
686
588
674
Living cost
584
584
584
584
Free-cash
6
102
4
90

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
£697
£642
£611
£655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
143
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
224
Employee
152
-
890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

13
-
27
-
income
15
-
89
-
health
7
-
14
-
total
37
-
133
-
Employer
152
-
890
-
health
11
-
21
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
60
-
Corporate
768
950
-
-
income
77
95
-
-
total
77
95
-
-
Dividends
691
855
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
950
950
950
950
Total tax
180
138
193
224
After tax
770
812
757
726
Living cost
115
115
115
115
Free-cash
655
697
642
611

Estimated living cost  is £115 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£24
-£3
£54
-£4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
199
health
-
-
-
108
pensions
-
-
-
103
total
-
-
-
410
Employee
813
748
808
-
pensions
103
103
103
-
income

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

122
122
122
-
health
101
98
101
-
total
326
323
326
-
Employer
813
748
808
-
health
56
52
56
-
pensions
57
52
56
-
unemployment
29
27
29
-
total
142
131
141
-
Corporate
-
71
-
-
income
-
14
-
-
total
-
14
-
-
Dividends
-
56
-
-
income
-
12
-
-
withholding
-
8
-
-
total
-
20
-
-
Income
950
950
950
950
Total tax
468
488
467
410
After tax
482
462
483
540
Living cost
486
486
486
486
Free-cash
-4
-24
-3
54

Estimated living cost  is £486 per week

£358
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£437
£264
£245
£359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
social contributions
-
-
-
277
solidarity contribution
-
-
-
-
health
-
-
-
128
total
-
-
-
487
Employee
320
-
709
-
solidarity contribution
-
-
-
-
social contributions
21
-
46
-
income
38
-
85
-
health
43
-
96
-
total
102
-
227
-
Employer
320
-
709
-
health
29
-
64
-
social contributions
80
-
177
-
total
109
-
241
-
Corporate
521
950
-
-
income
99
180
-
-
total
99
180
-
-
Dividends
422
770
-
-
withholding
63
115
-
-
total
63
115
-
-
Income
950
950
950
950
Total tax
373
295
468
487
After tax
577
655
482
463
Living cost
218
218
218
218
Free-cash
359
437
264
245

Estimated living cost  is £218 per week

£151
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£137
£68
£112
£91
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
244
regional
-
-
-
11
municipal
-
-
-
6
national
-
-
-
207
total
-
-
-
468
Employee
779
-
950
-
municipal
4
-
5
-
national
135
-
178
-
regional
7
-
9
-
social contributions
263
-
320
-
total
409
-
512
-
Employer
779
-
950
-
total
-
-
-
-
Corporate
171
950
-
-
municipal
7
37
-
-
nationa
41
228
-
-
total
48
265
-
-
Dividends
123
685
-
-
withholding
32
178
-
-
total
32
178
-
-
Income
950
950
950
950
Total tax
489
443
512
468
After tax
461
507
438
482
Living cost
370
370
370
370
Free-cash
91
137
68
112

Estimated living cost  is £370 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£405
£268
£286
£377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
188
other
-
-
-
-
surtax
-
-
-
24
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
total
-
-
-
471
Employee
290
-
785
-
other
-
-
-
-
unemployment
20
-
55
-
pensions
19
-
52
-
surtax
1
-
22
-
income
49
-
174
-
health
7
-
20
-
total
96
-
323
-
Employer
290
-
785
-
health
13
-
36
-
pensions
39
-
105
-
unemployment
9
-
25
-
other
-
-
-
-
total
61
-
166
-
Corporate
599
950
-
-
income
156
247
-
-
total
156
247
-
-
Dividends
443
703
-
-
withholding
67
105
-
-
total
67
105
-
-
Income
950
950
950
950
Total tax
380
352
489
471
After tax
570
598
461
479
Living cost
193
193
193
193
Free-cash
377
405
268
286

Estimated living cost  is £193 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£287
£189
£275
£243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
209
pensions
-
-
-
67
total
-
-
-
276
Employee
554
-
835
-
pensions
47
-
81
-
income
100
-
152
-
health
8
-
14
-
total
155
-
247
-
Employer
554
-
835
-
health
11
-
16
-
pensions
60
-
99
-
total
71
-
115
-
Corporate
326
950
-
-
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.

62
180
-
-
total
62
180
-
-
Dividends
264
770
-
-
withholding
20
84
-
-
total
20
84
-
-
Income
950
950
950
950
Total tax
308
264
362
276
After tax
642
686
588
674
Living cost
399
399
399
399
Free-cash
243
287
189
275

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
-£259
£51
£98
£37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
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.

-
-
-
19
regional
-
-
-
34
health
-
-
-
2
city
-
-
-
10
national
-
-
-
7
pensions
-
-
-
87
total
-
-
-
159
Employee
811
-
850
-
unemployment
-
-
-
-
pensions
68
-
71
-
national
4
-
5
-
regional
27
-
29
-
city
9
-
9
-
health
2
-
2
-
total
110
-
116
-
Employer
811
-
850
-
health
2
-
2
-
pensions
68
-
71
-
unemployment
-
-
-
-
other

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

16
-
17
-
total
86
-
90
-
Corporate
44
950
-
-
regional
9
201
-
-
national
4
81
-
-
total
13
282
-
-
Dividends
31
668
-
-
withholding
11
234
-
-
total
11
234
-
-
Income
950
950
950
950
Total tax
220
516
206
159
After tax
730
434
744
791
Living cost
693
693
693
693
Free-cash
37
-259
51
98

Estimated living cost  is £693 per week

£450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£68
£265
£172
£212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
212
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.

-
-
-
12
health

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

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

-
-
-
60
trade
-
-
-
93
total
-
-
-
377
Employee

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

527
-
950
-
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
-
12
-
income

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

62
-
212
-
health

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

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

60
-
60
-
total
125
-
284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
423
950
-
-
income
63
143
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
73
163
-
-
total
141
317
-
-
Dividends
282
634
-
-
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
9
-
-
withholding
67
155
-
-
total
71
164
-
-
Income
950
950
950
950
Total tax
337
481
284
377
After tax
613
469
666
573
Living cost
401
401
401
401
Free-cash
212
68
265
172

Estimated living cost  is £401 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£178
£288
£245
£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
-
-
-
950
income
-
-
-
101
other
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
27
health
-
-
-
22
pensions
-
-
-
226
total
-
-
-
405
Employee
375
-
767
-
pensions
42
-
39
-
surtax
-
-
-
-
social contributions
11
-
22
-
income
22
-
119
-
total
75
-
180
-
Employer
375
-
767
-
health
26
-
54
-
pensions
62
-
69
-
unemployment
15
-
31
-
social contributions
1
-
2
-
other
13
-
26
-
total
117
-
182
-
Corporate
458
950
-
-
income
128
266
-
-
surtax
-
-
-
-
total
128
266
-
-
Dividends
330
684
-
-
surtax
-
-
-
-
social contributions
57
118
-
-
withholding
42
88
-
-
total
99
206
-
-
Income
950
950
950
950
Total tax
419
472
362
405
After tax
531
478
588
545
Living cost
300
300
300
300
Free-cash
231
178
288
245

Estimated living cost  is £300 per week

£189
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
£208
£318
£275
£257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
101
other
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
27
health
-
-
-
22
pensions
-
-
-
226
total
-
-
-
405
Employee
335
-
767
-
pensions
38
-
39
-
surtax
-
-
-
-
social contributions
10
-
22
-
income
17
-
119
-
total
65
-
180
-
Employer
335
-
767
-
health
23
-
54
-
pensions
55
-
69
-
unemployment
14
-
31
-
social contributions
1
-
2
-
other
12
-
26
-
total
105
-
182
-
Corporate
511
950
-
-
income
143
266
-
-
surtax
-
-
-
-
total
143
266
-
-
Dividends
368
684
-
-
surtax
-
-
-
-
social contributions
63
118
-
-
withholding
47
88
-
-
total
110
206
-
-
Income
950
950
950
950
Total tax
423
472
362
405
After tax
527
478
588
545
Living cost
270
270
270
270
Free-cash
257
208
318
275

Estimated living cost  is £270 per week

£157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£394
£422
£424
£397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
143
social contributions
-
-
-
131
health
-
-
-
66
total
-
-
-
340
Employee
297
-
950
-
social contributions
41
-
131
-
income
50
-
145
-
health
21
-
66
-
total
112
-
342
-
Employer
297
-
950
-
total
-
-
-
-
Corporate
653
950
-
-
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%.

33
47
-
-
total
33
47
-
-
Dividends
620
903
-
-
social contributions
86
125
-
-
withholding
93
135
-
-
health
43
63
-
-
total
222
323
-
-
Income
950
950
950
950
Total tax
367
370
342
340
After tax
583
580
608
610
Living cost
186
186
186
186
Free-cash
397
394
422
424

Estimated living cost  is £186 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£222
-£30
£165
£208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
167
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
4
health
-
-
-
73
pensions
-
-
-
176
total
-
-
-
476
Employee
438
349
736
-
other
4
3
7
-
unemployment
13
10
22
-
pensions
45
36
75
-
income
50
26
148
-
health
17
14
29
-
total
129
89
281
-
Employer
438
349
736
-
chamber of commerce
2
1
3
-
health
17
13
28
-
pensions
55
44
92
-
accident
6
5
10
-
unemployment
13
10
22
-
surtax
2
2
2
-
payroll
13
10
22
-
other
21
17
35
-
total
129
102
214
-
Corporate
384
499
703
-
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.

96
125
176
-
total
96
125
176
-
Dividends
288
374
-
-
withholding
79
103
-
-
total
79
103
-
-
Income
950
950
950
950
Total tax
433
419
671
476
After tax
517
531
279
474
Living cost
309
309
309
309
Free-cash
208
222
-30
165

Estimated living cost  is £309 per week

£206
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
£212
£47
£117
£81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
communal

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

-
-
-
48
social contributions
-
-
-
152
national
-
-
-
313
total
-
-
-
513
Employee

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

627
-
736
-
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.

33
-
38
-
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
-
55
-
national
193
-
235
-
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
-
35
-
total
307
-
369
-
Employer

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

627
-
736
-
health

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

39
-
45
-
pensions

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

56
-
65
-
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
-
10
-
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
-
11
-
surtax
71
-
83
-
total
183
-
214
-
Corporate
141
950
-
-
income
28
190
-
-
surtax
1
4
-
-
total
29
194
-
-
Dividends
112
756
-
-
withholding

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

30
224
-
-
total
30
224
-
-
Income
950
950
950
950
Total tax
549
418
583
513
After tax
401
532
367
437
Living cost
320
320
320
320
Free-cash
81
212
47
117

Estimated living cost  is £320 per week

£206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£322
£180
£199
£254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
7
income
-
-
-
190
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
434
Employee
436
-
720
-
other
-
-
1
-
unemployment
7
-
11
-
pensions
21
-
34
-
income
92
-
178
-
total
120
-
224
-
Employer
436
-
720
-
pensions
103
-
170
-
accident
9
-
14
-
unemployment
24
-
40
-
other
3
-
6
-
total
139
-
230
-
Corporate
375
950
-
-
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.

56
143
-
-
total
56
143
-
-
Dividends
318
807
-
-
withholding
65
168
-
-
total
65
168
-
-
Income
950
950
950
950
Total tax
380
311
454
434
After tax
570
639
496
516
Living cost
316
316
316
316
Free-cash
254
322
180
199

Estimated living cost  is £316 per week

£233
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
£102
£97
£58
£40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
communal
-
-
-
60
accident
-
-
-
8
income
-
-
-
92
surtax
-
-
-
47
health
-
-
-
67
pensions
-
-
-
142
total
-
-
-
416
Employee
664
-
849
-
pensions
53
-
68
-
surtax
41
-
52
-
income
64
-
117
-
health
30
-
38
-
total
188
-
275
-
Employer
664
-
849
-
health
20
-
26
-
pensions
53
-
68
-
accident
6
-
8
-
total
79
-
102
-
Corporate
207
950
-
-
communal
-
64
-
-
income
31
143
-
-
surtax
2
10
-
-
total
33
217
-
-
Dividends
174
733
-
-
income
108
45
-
-
withholding
26
110
-
-
total
134
155
-
-
Income
950
950
950
950
Total tax
434
372
377
416
After tax
516
578
573
534
Living cost
476
476
476
476
Free-cash
40
102
97
58

Estimated living cost  is £476 per week

£357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£401
£264
£282
£373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
188
other
-
-
-
-
surtax
-
-
-
24
unemployment
-
-
-
2
health
-
-
-
67
pensions
-
-
-
190
total
-
-
-
471
Employee
295
-
785
-
other
-
-
-
-
unemployment
21
-
55
-
pensions
20
-
52
-
surtax
1
-
22
-
income
49
-
174
-
health
8
-
20
-
total
99
-
323
-
Employer
295
-
785
-
health
13
-
36
-
pensions
39
-
105
-
unemployment
9
-
25
-
other
-
-
-
-
total
61
-
166
-
Corporate
593
950
-
-
income
154
247
-
-
total
154
247
-
-
Dividends
439
703
-
-
withholding
66
105
-
-
total
66
105
-
-
Income
950
950
950
950
Total tax
380
352
489
471
After tax
570
598
461
479
Living cost
197
197
197
197
Free-cash
373
401
264
282

Estimated living cost  is £197 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£264
£198
£243
£243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
244
regional
-
-
-
14
municipal
-
-
-
6
national
-
-
-
207
total
-
-
-
471
Employee
486
-
950
-
municipal
3
-
5
-
national
77
-
178
-
regional
7
-
13
-
social contributions
164
-
320
-
total
251
-
516
-
Employer
486
-
950
-
total
-
-
-
-
Corporate
464
950
-
-
municipal
23
47
-
-
nationa
111
228
-
-
total
134
275
-
-
Dividends
329
675
-
-
withholding
86
175
-
-
total
86
175
-
-
Income
950
950
950
950
Total tax
471
450
516
471
After tax
479
500
434
479
Living cost
236
236
236
236
Free-cash
243
264
198
243

Estimated living cost  is £236 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£387
£214
£195
£290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
social contributions
-
-
-
277
solidarity contribution
-
-
-
-
health
-
-
-
128
total
-
-
-
487
Employee
395
-
709
-
solidarity contribution
-
-
-
-
social contributions
26
-
46
-
income
47
-
85
-
health
53
-
96
-
total
126
-
227
-
Employer
395
-
709
-
health
36
-
64
-
social contributions
99
-
177
-
total
135
-
241
-
Corporate
421
950
-
-
income
80
180
-
-
total
80
180
-
-
Dividends
341
770
-
-
withholding
51
115
-
-
total
51
115
-
-
Income
950
950
950
950
Total tax
392
295
468
487
After tax
558
655
482
463
Living cost
268
268
268
268
Free-cash
290
387
214
195

Estimated living cost  is £268 per week

£200
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.
£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 Prague model

Close
Graz , Austria
£253
-£2
£196
£250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
167
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
4
health
-
-
-
73
pensions
-
-
-
176
total
-
-
-
474
Employee
383
349
738
-
other
4
3
7
-
unemployment
11
10
22
-
pensions
39
36
76
-
income
34
26
149
-
health
15
14
29
-
total
103
89
283
-
Employer
383
349
738
-
chamber of commerce
2
1
3
-
health
14
13
28
-
pensions
48
44
93
-
accident
5
5
10
-
unemployment
11
10
22
-
surtax
-
-
-
-
payroll
11
10
22
-
other
18
17
35
-
total
109
100
213
-
Corporate
457
500
704
-
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.

114
125
176
-
total
114
125
176
-
Dividends
342
375
-
-
withholding
94
103
-
-
total
94
103
-
-
Income
950
950
950
950
Total tax
420
417
672
474
After tax
530
533
278
476
Living cost
280
280
280
280
Free-cash
250
253
-2
196

Estimated living cost  is £280 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£791
£648
£828
£769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
950
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
140
-
950
-
income
28
-
190
-
total
28
-
190
-
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%.

810
950
-
-
total
-
-
-
-
Dividends
810
950
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
950
950
950
950
Total tax
69
47
190
10
After tax
881
903
760
940
Living cost
112
112
112
112
Free-cash
769
791
648
828

Estimated living cost  is £112 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£420
£227
£255
£346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
950
income
-
-
-
193
unemployment
-
-
-
1
health
-
-
-
93
pensions
-
-
-
173
total
-
-
-
460
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.

388
-
822
-
unemployment
1
-
1
-
pensions
60
-
127
-
income
67
-
179
-
health
25
-
53
-
total
153
-
360
-
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.

388
-
822
-
health
26
-
55
-
pensions
34
-
73
-
unemployment
-
-
-
-
total
60
-
128
-
Corporate
502
950
-
-
income
95
180
-
-
total
95
180
-
-
Dividends
407
770
-
-
withholding
61
115
-
-
total
61
115
-
-
Income
950
950
950
950
Total tax
369
295
488
460
After tax
581
655
462
490
Living cost
235
235
235
235
Free-cash
346
420
227
255

Estimated living cost  is £235 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£193
£448
£272
-£380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
185
social contributions
-
-
-
108
total
-
-
-
293
Employee
552
-
-
-
social contributions
45
-
6
-
income
122
-
-
-
total
167
-
6
-
Employer
552
-
-
-
social contributions
778
-
111
-
total
778
-
111
-
Corporate
-
950
-
-
income
-
209
-
-
total
-
209
-
-
Dividends
-
741
-
-
income
-
163
-
-
total
-
163
-
-
Income
950
950
950
950
Total tax
945
372
117
293
After tax
5
578
833
657
Living cost
385
385
385
385
Free-cash
-380
193
448
272

Estimated living cost  is £385 per week

£250
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.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£265
£201
£253
£256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
income
-
-
-
92
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
422
Employee
403
-
768
-
surtax
-
-
-
-
social contributions
44
-
84
-
income
84
-
208
-
total
128
-
292
-
Employer
403
-
768
-
social contributions
96
-
182
-
total
96
-
182
-
Corporate
451
950
-
-
income
95
200
-
-
surtax
-
-
-
-
total
95
200
-
-
Dividends
356
750
-
-
withholding
100
210
-
-
total
100
210
-
-
Income
950
950
950
950
Total tax
419
410
474
422
After tax
531
540
476
528
Living cost
275
275
275
275
Free-cash
256
265
201
253

Estimated living cost  is £275 per week

£206
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
£55
£165
£122
£117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
101
other
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
27
health
-
-
-
22
pensions
-
-
-
226
total
-
-
-
405
Employee
549
-
767
-
pensions
62
-
39
-
surtax
-
-
-
-
social contributions
16
-
22
-
income
48
-
119
-
total
126
-
180
-
Employer
549
-
767
-
health
38
-
54
-
pensions
90
-
69
-
unemployment
22
-
31
-
social contributions
2
-
2
-
other
19
-
26
-
total
171
-
182
-
Corporate
230
950
-
-
income
64
266
-
-
surtax
-
-
-
-
total
64
266
-
-
Dividends
165
684
-
-
surtax
-
-
-
-
social contributions
28
118
-
-
withholding
21
88
-
-
total
49
206
-
-
Income
950
950
950
950
Total tax
410
472
362
405
After tax
540
478
588
545
Living cost
423
423
423
423
Free-cash
117
55
165
122

Estimated living cost  is £423 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£592
£483
£457
£563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
21
social contributions
-
-
-
209
total
-
-
-
230
Employee
282
-
823
-
income
-
-
24
-
social contributions
18
-
53
-
total
18
-
77
-
Employer
282
-
823
-
social contributions
44
-
127
-
total
44
-
127
-
Corporate
625
950
-
-
income
62
95
-
-
total
62
95
-
-
Dividends
562
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
124
95
204
230
After tax
826
855
746
720
Living cost
263
263
263
263
Free-cash
563
592
483
457

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£959
-£959
£163
-£959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
labour market
-
-
-
75
municipal
-
-
-
180
national
-
-
-
102
pensions
-
-
-
8
total
-
-
-
365
Employee
1 781
1 781
1 781
-
municipal
379
379
379
-
labour market
142
142
142
-
pensions
3
3
3
-
national
218
218
218
-
total
742
742
742
-
Employer
1 781
1 781
1 781
-
national
218
218
218
-
labour market
142
142
142
-
pensions
5
5
5
-
municipal
380
380
380
-
total
745
745
745
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 487
1 487
1 487
365
After tax
-537
-537
-537
585
Living cost
422
422
422
422
Free-cash
-959
-959
-959
163

Estimated living cost  is £422 per week

£289
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
-£116
£300
£460
£47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
236
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
297
Employee
303
-
818
-
pensions
34
-
68
-
income
42
-
163
-
health
35
-
94
-
total
111
-
325
-
Employer
303
-
818
-
pensions
49
-
98
-
accident
5
-
14
-
unemployment
7
-
20
-
total
61
-
132
-
Corporate
585
950
-
-
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.

527
855
-
-
total
527
855
-
-
Dividends
59
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
710
873
457
297
After tax
240
77
493
653
Living cost
193
193
193
193
Free-cash
47
-116
300
460

Estimated living cost  is £193 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£290
£200
£330
£279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
950
health
-
-
-
11
municipal
-
-
-
169
national
-
-
-
104
total
-
-
-
284
Employee
461
-
799
-
municipal
76
-
130
-
unemployment
7
-
12
-
pensions
31
-
54
-
national
8
-
58
-
health
3
-
9
-
total
125
-
263
-
Employer
461
-
799
-
health
4
-
6
-
pensions
80
-
139
-
accident
-
-
1
-
unemployment
3
-
5
-
total
87
-
151
-
Corporate
402
950
-
-
income
80
190
-
-
total
80
190
-
-
Dividends

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

241
570
-
-
municipal
43
103
-
-
national
-
31
-
-
total
43
134
-
-
Income
950
950
950
950
Total tax
335
324
414
284
After tax
615
626
536
666
Living cost
336
336
336
336
Free-cash
279
290
200
330

Estimated living cost  is £336 per week

£220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£493
£459
£465
£446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
116
social contributions
-
-
-
142
health
-
-
-
24
total
-
-
-
282
Employee
674
674
862
-
social contributions
25
56
72
-
income
73
62
113
-
health
5
11
15
-
total
103
129
200
-
Employer
674
674
862
-
health
6
12
16
-
social contributions
25
56
72
-
total
31
68
88
-
Corporate
612
208
-
-
income
76
26
-
-
total
76
26
-
-
Dividends
535
182
-
-
withholding
91
31
-
-
total
91
31
-
-
Income
950
950
950
950
Total tax
301
254
288
282
After tax
649
696
662
668
Living cost
203
203
203
203
Free-cash
446
493
459
465

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£648
£455
£631
£602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
950
income
-
-
-
92
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
180
Employee

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

201
-
864
-
unemployment
1
-
4
-
pensions
30
-
125
-
income
14
-
70
-
health
17
-
71
-
total
62
-
270
-
Employer

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

201
-
864
-
health
9
-
36
-
pensions
11
-
46
-
unemployment
1
-
4
-
total
21
-
86
-
Corporate
728
950
-
-
income
66
85
-
-
total
66
85
-
-
Dividends
663
865
-
-
withholding
60
78
-
-
total
60
78
-
-
Income
950
950
950
950
Total tax
209
163
356
180
After tax
741
787
594
770
Living cost
139
139
139
139
Free-cash
602
648
455
631

Estimated living cost  is £139 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£398
£255
£275
£355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
7
income
-
-
-
190
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
434
Employee
324
-
720
-
other
-
-
1
-
unemployment
5
-
11
-
pensions
15
-
34
-
income
62
-
178
-
total
82
-
224
-
Employer
324
-
720
-
pensions
76
-
170
-
accident
6
-
14
-
unemployment
18
-
40
-
other
3
-
6
-
total
103
-
230
-
Corporate
523
950
-
-
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.

78
143
-
-
total
78
143
-
-
Dividends
444
807
-
-
withholding
91
168
-
-
total
91
168
-
-
Income
950
950
950
950
Total tax
354
311
454
434
After tax
596
639
496
516
Living cost
241
241
241
241
Free-cash
355
398
255
275

Estimated living cost  is £241 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£576
£589
£590
£574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
321
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
343
Employee
26
-
936
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
320
-
health
1
-
3
-
total
8
-
330
-
Employer
26
-
936
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
918
950
-
-
income
202
209
-
-
total
202
209
-
-
Dividends
716
741
-
-
withholding
143
148
-
-
total
143
148
-
-
Income
950
950
950
950
Total tax
359
357
344
343
After tax
591
593
606
607
Living cost
17
17
17
17
Free-cash
574
576
589
590

Estimated living cost  is £17 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£534
£359
£359
£491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
income
-
-
-
194
unemployment
-
-
-
10
health
-
-
-
67
pensions
-
-
-
168
total
-
-
-
439
Employee

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

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

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

229
-
834
-
unemployment
2
-
5
-
pensions
32
-
91
-
income
31
-
194
-
health
12
-
33
-
total
77
-
323
-
Employer

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

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

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

229
-
834
-
health
12
-
33
-
pensions
27
-
78
-
unemployment
2
-
5
-
total
41
-
116
-
Corporate
681
950
-
-
income
102
143
-
-
total
102
143
-
-
Dividends
579
807
-
-
withholding
87
121
-
-
total
87
121
-
-
Income
950
950
950
950
Total tax
307
264
439
439
After tax
643
686
511
511
Living cost
152
152
152
152
Free-cash
491
534
359
359

Estimated living cost  is £152 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£304
£240
£292
£302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
income
-
-
-
92
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
422
Employee
340
-
768
-
surtax
-
-
-
-
social contributions
37
-
84
-
income
66
-
208
-
total
103
-
292
-
Employer
340
-
768
-
social contributions
81
-
182
-
total
81
-
182
-
Corporate
529
950
-
-
income
111
200
-
-
surtax
-
-
-
-
total
111
200
-
-
Dividends
418
750
-
-
withholding
117
210
-
-
total
117
210
-
-
Income
950
950
950
950
Total tax
412
410
474
422
After tax
538
540
476
528
Living cost
236
236
236
236
Free-cash
302
304
240
292

Estimated living cost  is £236 per week

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

Source of data for Porto model

Close
Madrid , Spain
£331
£188
£208
£266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
7
income
-
-
-
190
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
230
total
-
-
-
434
Employee
423
-
720
-
other
-
-
1
-
unemployment
7
-
11
-
pensions
20
-
34
-
income
88
-
178
-
total
115
-
224
-
Employer
423
-
720
-
pensions
100
-
170
-
accident
8
-
14
-
unemployment
23
-
40
-
other
3
-
6
-
total
134
-
230
-
Corporate
392
950
-
-
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.

59
143
-
-
total
59
143
-
-
Dividends
333
807
-
-
withholding
68
168
-
-
total
68
168
-
-
Income
950
950
950
950
Total tax
376
311
454
434
After tax
574
639
496
516
Living cost
308
308
308
308
Free-cash
266
331
188
208

Estimated living cost  is £308 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£661
£606
£575
£608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
143
unemployment
-
-
-
1
health
-
-
-
35
pensions

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

-
-
-
45
total
-
-
-
224
Employee
200
-
890
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

18
-
27
-
income
20
-
89
-
health
9
-
14
-
total
49
-
133
-
Employer
200
-
890
-
health
14
-
21
-
pensions

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

22
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
60
-
Corporate
711
950
-
-
income
71
95
-
-
total
71
95
-
-
Dividends
640
855
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
950
950
950
950
Total tax
191
138
193
224
After tax
759
812
757
726
Living cost
151
151
151
151
Free-cash
608
661
606
575

Estimated living cost  is £151 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£151
£328
£250
£266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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.

-
-
-
212
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.

-
-
-
12
health

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

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

-
-
-
60
trade
-
-
-
78
total
-
-
-
362
Employee

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

436
-
950
-
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
-
12
-
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
-
212
-
health

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

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

60
-
60
-
total
98
-
284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
514
950
-
-
income
77
143
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
74
136
-
-
total
157
290
-
-
Dividends
357
661
-
-
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
9
-
-
withholding
86
162
-
-
total
91
171
-
-
Income
950
950
950
950
Total tax
346
461
284
362
After tax
604
489
666
588
Living cost
338
338
338
338
Free-cash
266
151
328
250

Estimated living cost  is £338 per week

£233
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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£166
£130
£130
£186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
235
social contributions
-
-
-
86
total
-
-
-
321
Employee
685
-
950
-
income
129
-
235
-
social contributions
57
-
86
-
total
186
-
321
-
Employer
685
-
950
-
total
-
-
-
-
Corporate
265
950
-
-
income
33
119
-
-
total
33
119
-
-
Dividends
231
831
-
-
withholding
46
166
-
-
total
46
166
-
-
Income
950
950
950
950
Total tax
265
285
321
321
After tax
685
665
629
629
Living cost
499
499
499
499
Free-cash
186
166
130
130

Estimated living cost  is £499 per week

£380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£254
£381
£330
£284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
income
-
-
-
249
health

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

-
-
-
53
total
-
-
-
302
Employee
402
-
910
-
income
44
-
171
-
social contributions
40
-
40
-
total
84
-
211
-
Employer
402
-
910
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
508
950
-
-
income
178
332
-
-
total
178
332
-
-
Dividends
330
618
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
950
950
950
950
Total tax
348
378
251
302
After tax
602
572
699
648
Living cost
318
318
318
318
Free-cash
284
254
381
330

Estimated living cost  is £318 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£362
£264
£350
£339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
209
pensions
-
-
-
67
total
-
-
-
276
Employee
445
-
835
-
pensions
34
-
81
-
income
81
-
152
-
health
6
-
14
-
total
121
-
247
-
Employer
445
-
835
-
health
8
-
16
-
pensions
45
-
99
-
total
53
-
115
-
Corporate
451
950
-
-
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.

86
180
-
-
total
86
180
-
-
Dividends
366
770
-
-
withholding
27
84
-
-
total
27
84
-
-
Income
950
950
950
950
Total tax
287
264
362
276
After tax
663
686
588
674
Living cost
324
324
324
324
Free-cash
339
362
264
350

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
-£135
£281
£441
£45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
236
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
297
Employee
333
-
818
-
pensions
37
-
68
-
income
46
-
163
-
health
38
-
94
-
total
121
-
325
-
Employer
333
-
818
-
pensions
54
-
98
-
accident
6
-
14
-
unemployment
8
-
20
-
total
68
-
132
-
Corporate
549
950
-
-
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.

494
855
-
-
total
494
855
-
-
Dividends
55
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
693
873
457
297
After tax
257
77
493
653
Living cost
212
212
212
212
Free-cash
45
-135
281
441

Estimated living cost  is £212 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£681
£491
£423
£647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
950
income
-
-
-
148
unemployment
-
-
-
11
work injury
-
-
-
5
health insurance
-
-
-
70
pensions
-
-
-
175
total
-
-
-
409
Employee

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

189
-
950
-
health insurance
14
-
52
-
unemployment
2
-
8
-
work injury
1
-
4
-
pensions
35
-
129
-
income
19
-
148
-
total
71
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
761
950
-
-
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%.

-
10
-
-
total
-
10
-
-
Dividends
761
940
-
-
withholding
114
141
-
-
total
114
141
-
-
Income
950
950
950
950
Total tax
185
151
341
409
After tax
765
799
609
541
Living cost
118
118
118
118
Free-cash
647
681
491
423

Estimated living cost  is £118 per week

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

Source of data for Skopje model

Close
Rome , Italy
£151
£80
£124
£112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
244
regional
-
-
-
20
municipal
-
-
-
6
national
-
-
-
207
total
-
-
-
477
Employee
738
-
950
-
municipal
4
-
6
-
national
125
-
178
-
regional
11
-
17
-
social contributions
249
-
320
-
total
389
-
521
-
Employer
738
-
950
-
total
-
-
-
-
Corporate
212
950
-
-
municipal
10
46
-
-
nationa
51
228
-
-
total
61
274
-
-
Dividends
151
676
-
-
withholding
39
176
-
-
total
39
176
-
-
Income
950
950
950
950
Total tax
489
450
521
477
After tax
461
500
429
473
Living cost
349
349
349
349
Free-cash
112
151
80
124

Estimated living cost  is £349 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
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