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
£400
£213
£315
£310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
211
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
trade
-
-
-
85
total
-
-
-
368
Employee

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

337
-
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
-
211
-
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
-
283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
613
950
-
-
chamber of commerce
2
3
-
-
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
-
-
trade
97
150
-
-
income
92
142
-
-
total
196
303
-
-
Dividends
417
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
158
-
-
total
107
167
-
-
Income
950
950
950
950
Total tax
373
470
283
368
After tax
577
480
667
582
Living cost
267
267
267
267
Free-cash
310
213
400
315

Estimated living cost  is £267 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£115
£129
£109
£120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
social contributions
-
-
-
10
pensions
-
-
-
114
national
-
-
-
154
municipal
-
-
-
99
total
-
-
-
377
Employee
719
-
821
-
municipal
89
-
103
-
national
138
-
160
-
pensions
29
-
33
-
total
256
-
296
-
Employer
719
-
821
-
pensions
57
-
66
-
social contributions
8
-
9
-
total
65
-
75
-
Corporate
119
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
95
760
-
-
withholding
21
167
-
-
total
21
167
-
-
Income
950
950
950
950
Total tax
366
357
371
377
After tax
584
593
579
573
Living cost
464
464
464
464
Free-cash
120
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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
£352
£577
£324
£505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
138
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
443
Employee
257
-
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
257
-
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.

62
-
184
-
total
62
-
184
-
Corporate
631
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.

505
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
262
190
415
443
After tax
688
760
535
507
Living cost
183
183
183
183
Free-cash
505
577
352
324

Estimated living cost  is £183 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£113
£94
£170
£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
health
-
-
-
109
income
-
-
-
199
pensions
-
-
-
103
total
-
-
-
411
Employee
752
752
808
-
income

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

123
123
123
-
pensions
135
103
103
-
health
115
98
101
-
total
373
324
327
-
Employer
752
752
808
-
unemployment
27
27
29
-
health
52
52
56
-
pensions
52
52
56
-
total
131
131
141
-
Corporate
76
66
-
-
income
15
13
-
-
total
15
13
-
-
Dividends
60
53
-
-
income
13
11
-
-
withholding
9
8
-
-
total
22
19
-
-
Income
950
950
950
950
Total tax
541
487
468
411
After tax
409
463
482
539
Living cost
369
369
369
369
Free-cash
40
94
113
170

Estimated living cost  is £369 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
£142
£153
£137
£145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
other
-
-
-
93
health
-
-
-
50
accident
-
-
-
2
pensions
-
-
-
87
national
-
-
-
-
unemployment
-
-
-
1
municipal
-
-
-
214
total
-
-
-
447
Employee
521
-
723
-
municipal
155
-
216
-
national
-
-
-
-
total
155
-
216
-
Employer
521
-
723
-
other
61
-
84
-
unemployment
14
-
19
-
health
32
-
44
-
accident
1
-
1
-
pensions
56
-
78
-
total
164
-
226
-
Corporate
265
950
-
-
income
58
209
-
-
total
58
209
-
-
Dividends
207
741
-
-
withholding
62
222
-
-
total
62
222
-
-
Income
950
950
950
950
Total tax
439
431
442
447
After tax
511
519
508
503
Living cost
366
366
366
366
Free-cash
145
153
142
137

Estimated living cost  is £366 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
£321
£129
£232
£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

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

-
-
-
950
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
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.

-
-
-
211
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
trade
-
-
-
89
total
-
-
-
372
Employee

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

447
-
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
-
211
-
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
-
283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
503
950
-
-
chamber of commerce
2
3
-
-
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
-
-
trade
83
156
-
-
income
76
142
-
-
total
165
309
-
-
Dividends
339
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
81
157
-
-
total
85
166
-
-
Income
950
950
950
950
Total tax
350
475
283
372
After tax
600
475
667
578
Living cost
346
346
346
346
Free-cash
254
129
321
232

Estimated living cost  is £346 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£376
£408
£383
£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
social contributions
-
-
-
142
health
-
-
-
24
income
-
-
-
115
total
-
-
-
281
Employee
677
677
862
-
social contributions
33
56
72
-
income
71
63
113
-
health
7
12
15
-
total
111
131
200
-
Employer
677
677
862
-
health
7
13
16
-
social contributions
33
56
72
-
total
40
69
88
-
Corporate
513
204
-
-
income
64
26
-
-
total
64
26
-
-
Dividends
449
179
-
-
withholding
76
30
-
-
total
76
30
-
-
Income
950
950
950
950
Total tax
291
256
288
281
After tax
659
694
662
669
Living cost
286
286
286
286
Free-cash
373
408
376
383

Estimated living cost  is £286 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£391
£376
£498
£378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
health
-
-
-
67
income
-
-
-
116
pensions
-
-
-
95
unemployment
-
-
-
14
total
-
-
-
292
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.

231
92
795
-
income
28
11
97
-
pensions
23
9
79
-
health
16
6
56
-
unemployment
3
1
12
-
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.

231
92
795
-
pensions
45
18
155
-
total
45
18
155
-
Corporate
674
840
-
-
income
61
76
-
-
total
61
76
-
-
Dividends
613
765
-
-
social contributions
119
148
-
-
withholding
117
145
-
-
total
236
293
-
-
Income
950
950
950
950
Total tax
412
414
399
292
After tax
538
536
551
658
Living cost
160
160
160
160
Free-cash
378
376
391
498

Estimated living cost  is £160 per week

£109
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
£335
£547
£297
£493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
123
income
-
-
-
127
pensions
-
-
-
190
total
-
-
-
440
Employee
250
-
710
-
income
28
-
137
-
pensions
5
-
14
-
unemployment
4
-
11
-
total
37
-
162
-
Employer
250
-
710
-
unemployment
2
-
6
-
health
32
-
92
-
pensions
50
-
142
-
total
84
-
240
-
Corporate
616
950
-
-
income
123
190
-
-
total
123
190
-
-
Dividends
493
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
244
190
402
440
After tax
706
760
548
510
Living cost
213
213
213
213
Free-cash
493
547
335
297

Estimated living cost  is £213 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
£298
-£118
£457
£46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
237
pensions
-
-
-
37
total
-
-
-
298
Employee
306
-
819
-
income
42
-
163
-
pensions
35
-
68
-
health
35
-
94
-
total
112
-
325
-
Employer
306
-
819
-
unemployment
8
-
20
-
accident
5
-
14
-
pensions
50
-
98
-
total
63
-
132
-
Corporate
581
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.

523
855
-
-
total
523
855
-
-
Dividends
58
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
709
873
457
298
After tax
241
77
493
652
Living cost
195
195
195
195
Free-cash
46
-118
298
457

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
£688
£831
£869
£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.

-
-
-
9
total
-
-
-
9
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
9
After tax
889
903
760
941
Living cost
72
72
72
72
Free-cash
817
831
688
869

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£316
£462
£278
£406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45
health
-
-
-
42
income
-
-
-
122
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
320
-
759
-
income
55
-
135
-
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
-
health
4
-
11
-
unemployment
3
-
8
-
total
84
-
207
-
Employer
320
-
759
-
other
16
-
38
-
unemployment
3
-
8
-
health
4
-
11
-
accident
3
-
6
-
pensions

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

54
-
129
-
total
80
-
192
-
Corporate
550
950
-
-
income
115
200
-
-
total
115
200
-
-
Dividends
434
750
-
-
withholding
30
53
-
-
total
30
53
-
-
Income
950
950
950
950
Total tax
309
253
399
437
After tax
641
697
551
513
Living cost
235
235
235
235
Free-cash
406
462
316
278

Estimated living cost  is £235 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
£4
£102
£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
-
income
149
-
152
-
health
14
-
14
-
pensions
80
-
81
-
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
£644
£698
£613
£657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
35
income
-
-
-
142
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
223
Employee
151
-
890
-
income
15
-
89
-
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
-
health
7
-
14
-
total
37
-
133
-
Employer
151
-
890
-
unemployment
1
-
2
-
health
10
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
33
-
total
30
-
59
-
Corporate
769
950
-
-
income
77
95
-
-
total
77
95
-
-
Dividends
693
855
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
950
950
950
950
Total tax
179
138
192
223
After tax
771
812
758
727
Living cost
114
114
114
114
Free-cash
657
698
644
613

Estimated living cost  is £114 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-£6
-£25
£51
-£9
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
109
income
-
-
-
199
pensions
-
-
-
103
total
-
-
-
411
Employee
816
752
808
-
income

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

123
123
123
-
pensions
103
103
103
-
health
102
98
101
-
total
328
324
327
-
Employer
816
752
808
-
unemployment
29
27
29
-
health
57
52
56
-
pensions
57
52
56
-
total
143
131
141
-
Corporate
-
66
-
-
income
-
13
-
-
total
-
13
-
-
Dividends
-
53
-
-
income
-
11
-
-
withholding
-
8
-
-
total
-
19
-
-
Income
950
950
950
950
Total tax
471
487
468
411
After tax
479
463
482
539
Living cost
488
488
488
488
Free-cash
-9
-25
-6
51

Estimated living cost  is £488 per week

£360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£265
£437
£246
£360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
277
health
-
-
-
128
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
319
-
709
-
social contributions
21
-
46
-
solidarity contribution
-
-
-
-
income
38
-
85
-
health
43
-
96
-
total
102
-
227
-
Employer
319
-
709
-
health
29
-
64
-
social contributions
80
-
177
-
total
109
-
241
-
Corporate
522
950
-
-
income
99
181
-
-
total
99
181
-
-
Dividends
423
769
-
-
withholding
63
115
-
-
total
63
115
-
-
Income
950
950
950
950
Total tax
373
296
468
487
After tax
577
654
482
463
Living cost
217
217
217
217
Free-cash
360
437
265
246

Estimated living cost  is £217 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
£66
£135
£110
£89
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
207
regional
-
-
-
11
municipal
-
-
-
6
total
-
-
-
468
Employee
783
-
950
-
social contributions
264
-
320
-
municipal
4
-
5
-
national
136
-
178
-
regional
7
-
9
-
total
411
-
512
-
Employer
783
-
950
-
total
-
-
-
-
Corporate
167
950
-
-
nationa
40
228
-
-
municipal
7
37
-
-
total
47
265
-
-
Dividends
121
685
-
-
withholding
31
178
-
-
total
31
178
-
-
Income
950
950
950
950
Total tax
489
443
512
468
After tax
461
507
438
482
Living cost
372
372
372
372
Free-cash
89
135
66
110

Estimated living cost  is £372 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£269
£404
£286
£378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
other
-
-
-
-
health
-
-
-
67
income
-
-
-
187
pensions
-
-
-
190
surtax
-
-
-
24
unemployment
-
-
-
2
total
-
-
-
470
Employee
291
-
785
-
surtax
1
-
21
-
income
49
-
173
-
other
-
-
-
-
pensions
19
-
52
-
health
7
-
20
-
unemployment
20
-
55
-
total
96
-
321
-
Employer
291
-
785
-
other
-
-
-
-
unemployment
9
-
25
-
health
13
-
36
-
pensions
39
-
105
-
total
61
-
166
-
Corporate
597
950
-
-
income
155
247
-
-
total
155
247
-
-
Dividends
442
703
-
-
withholding
66
105
-
-
total
66
105
-
-
Income
950
950
950
950
Total tax
378
352
487
470
After tax
572
598
463
480
Living cost
194
194
194
194
Free-cash
378
404
269
286

Estimated living cost  is £194 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
£189
£287
£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
-
income
100
-
152
-
health
8
-
14
-
pensions
47
-
81
-
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
£34
-£278
£81
£26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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
health
-
-
-
2
pensions
-
-
-
87
city
-
-
-
10
national
-
-
-
6
regional
-
-
-
33
total
-
-
-
157
Employee
833
-
850
-
national
4
-
4
-
city
9
-
9
-
pensions
70
-
71
-
health
2
-
2
-
regional
27
-
28
-
unemployment
-
-
-
-
total
112
-
114
-
Employer
833
-
850
-
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.

17
-
17
-
unemployment
-
-
-
-
health
2
-
2
-
pensions
70
-
71
-
total
89
-
90
-
Corporate
19
950
-
-
regional
4
201
-
-
national
2
81
-
-
total
6
282
-
-
Dividends
13
668
-
-
withholding
5
234
-
-
total
5
234
-
-
Income
950
950
950
950
Total tax
212
516
204
157
After tax
738
434
746
793
Living cost
712
712
712
712
Free-cash
26
-278
34
81

Estimated living cost  is £712 per week

£463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£64
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.
£176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£264
£67
£171
£211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
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
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.

-
-
-
211
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
trade
-
-
-
93
total
-
-
-
376
Employee

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

529
-
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
-
211
-
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
-
283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
421
950
-
-
chamber of commerce
2
3
-
-
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
-
-
trade
72
163
-
-
income
63
142
-
-
total
140
316
-
-
Dividends
280
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
336
480
283
376
After tax
614
470
667
574
Living cost
403
403
403
403
Free-cash
211
67
264
171

Estimated living cost  is £403 per week

£295
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
£289
£177
£245
£230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
other
-
-
-
29
social contributions
-
-
-
27
health
-
-
-
21
income
-
-
-
100
pensions
-
-
-
227
surtax
-
-
-
-
total
-
-
-
404
Employee
377
-
768
-
surtax
-
-
-
-
social contributions
11
-
22
-
income
22
-
118
-
pensions
43
-
39
-
total
76
-
179
-
Employer
377
-
768
-
other
13
-
26
-
unemployment
15
-
31
-
health
26
-
54
-
pensions
62
-
68
-
social contributions
1
-
2
-
total
117
-
181
-
Corporate
455
950
-
-
surtax
-
-
-
-
income
128
266
-
-
total
128
266
-
-
Dividends
328
684
-
-
social contributions
56
118
-
-
surtax
-
-
-
-
withholding
42
88
-
-
total
98
206
-
-
Income
950
950
950
950
Total tax
419
472
360
404
After tax
531
478
590
546
Living cost
301
301
301
301
Free-cash
230
177
289
245

Estimated living cost  is £301 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£319
£207
£275
£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
-
-
-
950
other
-
-
-
29
social contributions
-
-
-
27
health
-
-
-
21
income
-
-
-
100
pensions
-
-
-
227
surtax
-
-
-
-
total
-
-
-
404
Employee
336
-
768
-
surtax
-
-
-
-
social contributions
10
-
22
-
income
17
-
118
-
pensions
38
-
39
-
total
65
-
179
-
Employer
336
-
768
-
other
12
-
26
-
unemployment
14
-
31
-
health
24
-
54
-
pensions
55
-
68
-
social contributions
1
-
2
-
total
106
-
181
-
Corporate
509
950
-
-
surtax
-
-
-
-
income
142
266
-
-
total
142
266
-
-
Dividends
366
684
-
-
social contributions
63
118
-
-
surtax
-
-
-
-
withholding
47
88
-
-
total
110
206
-
-
Income
950
950
950
950
Total tax
423
472
360
404
After tax
527
478
590
546
Living cost
271
271
271
271
Free-cash
256
207
319
275

Estimated living cost  is £271 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£422
£393
£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
social contributions
-
-
-
131
health
-
-
-
66
income
-
-
-
142
total
-
-
-
339
Employee
299
-
950
-
social contributions
41
-
131
-
income
50
-
144
-
health
21
-
66
-
total
112
-
341
-
Employer
299
-
950
-
total
-
-
-
-
Corporate
651
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
619
903
-
-
social contributions
85
125
-
-
withholding
93
135
-
-
health
43
63
-
-
total
221
323
-
-
Income
950
950
950
950
Total tax
366
370
341
339
After tax
584
580
609
611
Living cost
187
187
187
187
Free-cash
397
393
422
424

Estimated living cost  is £187 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-£30
£219
£164
£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
health
-
-
-
73
income
-
-
-
167
chamber of commerce
-
-
-
4
pensions
-
-
-
176
surtax
-
-
-
2
unemployment
-
-
-
54
total
-
-
-
476
Employee
440
351
736
-
income
50
26
148
-
other
4
4
7
-
pensions
45
36
75
-
health
17
14
28
-
unemployment
13
11
22
-
total
129
91
280
-
Employer
440
351
736
-
other
21
17
35
-
unemployment
13
11
22
-
health
17
13
28
-
surtax
2
2
2
-
accident
6
5
10
-
pensions
55
44
92
-
payroll
13
11
22
-
chamber of commerce
2
1
3
-
total
129
104
214
-
Corporate
382
496
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.

95
124
176
-
total
95
124
176
-
Dividends
286
372
-
-
withholding
79
102
-
-
total
79
102
-
-
Income
950
950
950
950
Total tax
432
421
670
476
After tax
518
529
280
474
Living cost
310
310
310
310
Free-cash
208
219
-30
164

Estimated living cost  is £310 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£46
£211
£117
£80
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
152
communal

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

-
-
-
48
national
-
-
-
312
total
-
-
-
512
Employee

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

630
-
736
-
national
194
-
235
-
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
-
health

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

30
-
35
-
communal

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

33
-
38
-
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
-
total
309
-
369
-
Employer

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

630
-
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.

9
-
11
-
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
-
surtax
71
-
83
-
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
-
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
-
total
183
-
214
-
Corporate
137
950
-
-
surtax
1
4
-
-
income
27
190
-
-
total
28
194
-
-
Dividends
109
756
-
-
withholding

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

29
224
-
-
total
29
224
-
-
Income
950
950
950
950
Total tax
549
418
583
512
After tax
401
532
367
438
Living cost
321
321
321
321
Free-cash
80
211
46
117

Estimated living cost  is £321 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£178
£322
£198
£253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
7
income
-
-
-
189
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
434
Employee
438
-
720
-
income
92
-
178
-
other
-
-
1
-
pensions
21
-
34
-
unemployment
7
-
11
-
total
120
-
224
-
Employer
438
-
720
-
other
3
-
6
-
unemployment
24
-
40
-
accident
9
-
14
-
pensions
103
-
170
-
total
139
-
230
-
Corporate
372
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
142
-
-
total
56
142
-
-
Dividends
316
808
-
-
withholding
64
168
-
-
total
64
168
-
-
Income
950
950
950
950
Total tax
379
310
454
434
After tax
571
640
496
516
Living cost
318
318
318
318
Free-cash
253
322
178
198

Estimated living cost  is £318 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£95
£101
£56
£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
health
-
-
-
67
accident
-
-
-
8
income
-
-
-
91
pensions
-
-
-
142
communal
-
-
-
60
surtax
-
-
-
47
total
-
-
-
415
Employee
667
-
849
-
surtax
41
-
52
-
income
64
-
116
-
pensions
53
-
68
-
health
30
-
38
-
total
188
-
274
-
Employer
667
-
849
-
health
20
-
26
-
accident
6
-
8
-
pensions
53
-
68
-
total
79
-
102
-
Corporate
203
950
-
-
surtax
2
10
-
-
income
31
142
-
-
communal
-
64
-
-
total
33
216
-
-
Dividends
171
733
-
-
income
108
44
-
-
withholding
26
110
-
-
total
134
154
-
-
Income
950
950
950
950
Total tax
434
370
376
415
After tax
516
580
574
535
Living cost
479
479
479
479
Free-cash
37
101
95
56

Estimated living cost  is £479 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£265
£400
£282
£370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
67
income
-
-
-
187
pensions
-
-
-
190
surtax
-
-
-
24
unemployment
-
-
-
2
total
-
-
-
470
Employee
297
-
785
-
surtax
1
-
21
-
income
50
-
173
-
other
-
-
-
-
pensions
20
-
52
-
health
8
-
20
-
unemployment
21
-
55
-
total
100
-
321
-
Employer
297
-
785
-
other
-
-
-
-
unemployment
9
-
25
-
health
13
-
36
-
pensions
40
-
105
-
total
62
-
166
-
Corporate
591
950
-
-
income
154
247
-
-
total
154
247
-
-
Dividends
437
703
-
-
withholding
66
105
-
-
total
66
105
-
-
Income
950
950
950
950
Total tax
382
352
487
470
After tax
568
598
463
480
Living cost
198
198
198
198
Free-cash
370
400
265
282

Estimated living cost  is £198 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£197
£263
£242
£242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
207
regional
-
-
-
14
municipal
-
-
-
6
total
-
-
-
471
Employee
488
-
950
-
social contributions
165
-
320
-
municipal
3
-
5
-
national
77
-
178
-
regional
7
-
13
-
total
252
-
516
-
Employer
488
-
950
-
total
-
-
-
-
Corporate
462
950
-
-
nationa
111
228
-
-
municipal
23
47
-
-
total
134
275
-
-
Dividends
328
675
-
-
withholding
85
175
-
-
total
85
175
-
-
Income
950
950
950
950
Total tax
471
450
516
471
After tax
479
500
434
479
Living cost
237
237
237
237
Free-cash
242
263
197
242

Estimated living cost  is £237 per week

£148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£214
£386
£195
£292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
277
health
-
-
-
128
income
-
-
-
82
solidarity contribution
-
-
-
-
total
-
-
-
487
Employee
393
-
709
-
social contributions
26
-
46
-
solidarity contribution
-
-
-
-
income
47
-
85
-
health
53
-
96
-
total
126
-
227
-
Employer
393
-
709
-
health
35
-
64
-
social contributions
98
-
177
-
total
133
-
241
-
Corporate
423
950
-
-
income
80
181
-
-
total
80
181
-
-
Dividends
342
769
-
-
withholding
51
115
-
-
total
51
115
-
-
Income
950
950
950
950
Total tax
390
296
468
487
After tax
560
654
482
463
Living cost
268
268
268
268
Free-cash
292
386
214
195

Estimated living cost  is £268 per week

£199
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
-£2
£248
£195
£245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
health
-
-
-
73
income
-
-
-
167
chamber of commerce
-
-
-
4
pensions
-
-
-
176
surtax
-
-
-
-
unemployment
-
-
-
54
total
-
-
-
474
Employee
385
351
738
-
income
34
26
148
-
other
4
4
7
-
pensions
39
36
76
-
health
15
14
29
-
unemployment
12
11
22
-
total
104
91
282
-
Employer
385
351
738
-
other
18
17
35
-
unemployment
12
11
22
-
health
15
13
28
-
surtax
-
-
-
-
accident
5
5
10
-
pensions
48
44
93
-
payroll
12
11
22
-
chamber of commerce
2
1
3
-
total
112
102
213
-
Corporate
454
498
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
341
374
-
-
withholding
94
103
-
-
total
94
103
-
-
Income
950
950
950
950
Total tax
424
421
671
474
After tax
526
529
279
476
Living cost
281
281
281
281
Free-cash
245
248
-2
195

Estimated living cost  is £281 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£647
£790
£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.

-
-
-
9
total
-
-
-
9
Employee
141
-
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%.

809
950
-
-
total
-
-
-
-
Dividends
809
950
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
950
950
950
950
Total tax
68
47
190
9
After tax
882
903
760
941
Living cost
113
113
113
113
Free-cash
769
790
647
828

Estimated living cost  is £113 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£225
£419
£254
£345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
93
income
-
-
-
193
pensions
-
-
-
173
unemployment
-
-
-
1
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.

389
-
822
-
income
67
-
179
-
pensions
60
-
127
-
health
25
-
53
-
unemployment
1
-
1
-
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.

389
-
822
-
unemployment
-
-
1
-
health
26
-
55
-
pensions
34
-
73
-
total
60
-
129
-
Corporate
500
950
-
-
income
95
180
-
-
total
95
180
-
-
Dividends
405
770
-
-
withholding
61
115
-
-
total
61
115
-
-
Income
950
950
950
950
Total tax
369
295
489
460
After tax
581
655
461
490
Living cost
236
236
236
236
Free-cash
345
419
225
254

Estimated living cost  is £236 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£424
£175
£254
-£442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
185
total
-
-
-
293
Employee
578
-
-
-
social contributions
47
-
7
-
income
127
-
-
-
total
174
-
7
-
Employer
578
-
-
-
social contributions
815
-
116
-
total
815
-
116
-
Corporate
-
950
-
-
income
-
209
-
-
total
-
209
-
-
Dividends
-
741
-
-
income
-
163
-
-
total
-
163
-
-
Income
950
950
950
950
Total tax
989
372
123
293
After tax
-39
578
827
657
Living cost
403
403
403
403
Free-cash
-442
175
424
254

Estimated living cost  is £403 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£200
£264
£252
£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
social contributions

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

-
-
-
330
income
-
-
-
92
surtax
-
-
-
-
total
-
-
-
422
Employee
405
-
768
-
surtax
-
-
-
-
social contributions
45
-
84
-
income
84
-
208
-
total
129
-
292
-
Employer
405
-
768
-
social contributions
96
-
182
-
total
96
-
182
-
Corporate
449
950
-
-
surtax
-
-
-
-
income
94
200
-
-
total
94
200
-
-
Dividends
355
750
-
-
withholding
99
210
-
-
total
99
210
-
-
Income
950
950
950
950
Total tax
418
410
474
422
After tax
532
540
476
528
Living cost
276
276
276
276
Free-cash
256
264
200
252

Estimated living cost  is £276 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£165
£53
£121
£114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29
social contributions
-
-
-
27
health
-
-
-
21
income
-
-
-
100
pensions
-
-
-
227
surtax
-
-
-
-
total
-
-
-
404
Employee
552
-
768
-
surtax
-
-
-
-
social contributions
16
-
22
-
income
48
-
118
-
pensions
62
-
39
-
total
126
-
179
-
Employer
552
-
768
-
other
19
-
26
-
unemployment
22
-
31
-
health
39
-
54
-
pensions
91
-
68
-
social contributions
2
-
2
-
total
173
-
181
-
Corporate
226
950
-
-
surtax
-
-
-
-
income
63
266
-
-
total
63
266
-
-
Dividends
163
684
-
-
social contributions
28
118
-
-
surtax
-
-
-
-
withholding
21
88
-
-
total
49
206
-
-
Income
950
950
950
950
Total tax
411
472
360
404
After tax
539
478
590
546
Living cost
425
425
425
425
Free-cash
114
53
165
121

Estimated living cost  is £425 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£482
£590
£455
£561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
283
-
823
-
income
-
-
23
-
social contributions
18
-
53
-
total
18
-
76
-
Employer
283
-
823
-
social contributions
44
-
127
-
total
44
-
127
-
Corporate
623
950
-
-
income
62
95
-
-
total
62
95
-
-
Dividends
561
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
124
95
203
230
After tax
826
855
747
720
Living cost
265
265
265
265
Free-cash
561
590
482
455

Estimated living cost  is £265 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£964
-£964
£162
-£964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8
national
-
-
-
102
municipal
-
-
-
180
total
-
-
-
365
Employee
1 784
1 784
1 784
-
labour market
143
143
143
-
municipal
380
380
380
-
national
218
218
218
-
pensions
3
3
3
-
total
744
744
744
-
Employer
1 784
1 784
1 784
-
national
218
218
218
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
381
381
381
-
total
747
747
747
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 491
1 491
1 491
365
After tax
-541
-541
-541
585
Living cost
423
423
423
423
Free-cash
-964
-964
-964
162

Estimated living cost  is £423 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.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
£301
-£115
£460
£48
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
237
pensions
-
-
-
37
total
-
-
-
298
Employee
302
-
819
-
income
41
-
163
-
pensions
34
-
68
-
health
35
-
94
-
total
110
-
325
-
Employer
302
-
819
-
unemployment
7
-
20
-
accident
5
-
14
-
pensions
49
-
98
-
total
61
-
132
-
Corporate
587
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.

528
855
-
-
total
528
855
-
-
Dividends
59
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
710
873
457
298
After tax
240
77
493
652
Living cost
192
192
192
192
Free-cash
48
-115
301
460

Estimated living cost  is £192 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£198
£288
£329
£277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
103
municipal
-
-
-
169
total
-
-
-
283
Employee
463
-
799
-
municipal
76
-
130
-
national
8
-
58
-
pensions
31
-
54
-
health
3
-
9
-
unemployment
7
-
12
-
total
125
-
263
-
Employer
463
-
799
-
unemployment
3
-
5
-
health
4
-
6
-
accident
-
-
1
-
pensions
80
-
139
-
total
87
-
151
-
Corporate
399
950
-
-
income
80
190
-
-
total
80
190
-
-
Dividends

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

240
570
-
-
national
-
31
-
-
municipal
43
103
-
-
total
43
134
-
-
Income
950
950
950
950
Total tax
335
324
414
283
After tax
615
626
536
667
Living cost
338
338
338
338
Free-cash
277
288
198
329

Estimated living cost  is £338 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£458
£490
£465
£442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
24
income
-
-
-
115
total
-
-
-
281
Employee
677
677
862
-
social contributions
26
56
72
-
income
74
63
113
-
health
5
12
15
-
total
105
131
200
-
Employer
677
677
862
-
health
6
13
16
-
social contributions
26
56
72
-
total
32
69
88
-
Corporate
610
204
-
-
income
76
26
-
-
total
76
26
-
-
Dividends
534
179
-
-
withholding
91
30
-
-
total
91
30
-
-
Income
950
950
950
950
Total tax
304
256
288
281
After tax
646
694
662
669
Living cost
204
204
204
204
Free-cash
442
490
458
465

Estimated living cost  is £204 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£454
£647
£630
£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
health
-
-
-
32
income
-
-
-
92
pensions
-
-
-
56
unemployment
-
-
-
-
total
-
-
-
180
Employee

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

202
-
864
-
income
14
-
70
-
pensions
30
-
125
-
health
17
-
71
-
unemployment
1
-
4
-
total
62
-
270
-
Employer

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

202
-
864
-
unemployment
1
-
4
-
health
9
-
36
-
pensions
11
-
46
-
total
21
-
86
-
Corporate
727
950
-
-
income
65
85
-
-
total
65
85
-
-
Dividends
662
865
-
-
withholding
60
78
-
-
total
60
78
-
-
Income
950
950
950
950
Total tax
208
163
356
180
After tax
742
787
594
770
Living cost
140
140
140
140
Free-cash
602
647
454
630

Estimated living cost  is £140 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£254
£398
£274
£352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
189
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
434
Employee
326
-
720
-
income
63
-
178
-
other
-
-
1
-
pensions
15
-
34
-
unemployment
5
-
11
-
total
83
-
224
-
Employer
326
-
720
-
other
3
-
6
-
unemployment
18
-
40
-
accident
6
-
14
-
pensions
77
-
170
-
total
104
-
230
-
Corporate
521
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
142
-
-
total
78
142
-
-
Dividends
442
808
-
-
withholding
91
168
-
-
total
91
168
-
-
Income
950
950
950
950
Total tax
356
310
454
434
After tax
594
640
496
516
Living cost
242
242
242
242
Free-cash
352
398
254
274

Estimated living cost  is £242 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£590
£577
£591
£576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
9
income
-
-
-
322
pensions
-
-
-
12
total
-
-
-
343
Employee
25
-
937
-
income
5
-
321
-
pensions
2
-
5
-
health
1
-
3
-
unemployment
-
-
1
-
total
8
-
330
-
Employer
25
-
937
-
unemployment
-
-
1
-
health
2
-
6
-
pensions
3
-
7
-
total
5
-
14
-
Corporate
920
950
-
-
income
202
209
-
-
total
202
209
-
-
Dividends
717
741
-
-
withholding
143
148
-
-
total
143
148
-
-
Income
950
950
950
950
Total tax
358
357
344
343
After tax
592
593
606
607
Living cost
16
16
16
16
Free-cash
576
577
590
591

Estimated living cost  is £16 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
£360
£535
£359
£490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
67
income
-
-
-
193
pensions
-
-
-
169
unemployment
-
-
-
10
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
-
income
32
-
193
-
pensions
32
-
91
-
health
12
-
33
-
unemployment
2
-
5
-
total
78
-
322
-
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
-
unemployment
2
-
5
-
health
12
-
33
-
pensions
27
-
78
-
total
41
-
116
-
Corporate
680
950
-
-
income
102
142
-
-
total
102
142
-
-
Dividends
578
808
-
-
withholding
87
121
-
-
total
87
121
-
-
Income
950
950
950
950
Total tax
308
263
438
439
After tax
642
687
512
511
Living cost
152
152
152
152
Free-cash
490
535
360
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
£239
£303
£291
£299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
330
income
-
-
-
92
surtax
-
-
-
-
total
-
-
-
422
Employee
342
-
768
-
surtax
-
-
-
-
social contributions
38
-
84
-
income
67
-
208
-
total
105
-
292
-
Employer
342
-
768
-
social contributions
81
-
182
-
total
81
-
182
-
Corporate
527
950
-
-
surtax
-
-
-
-
income
111
200
-
-
total
111
200
-
-
Dividends
416
750
-
-
withholding
117
210
-
-
total
117
210
-
-
Income
950
950
950
950
Total tax
414
410
474
422
After tax
536
540
476
528
Living cost
237
237
237
237
Free-cash
299
303
239
291

Estimated living cost  is £237 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£187
£331
£207
£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
other
-
-
-
1
accident
-
-
-
7
income
-
-
-
189
pensions
-
-
-
231
unemployment
-
-
-
6
total
-
-
-
434
Employee
425
-
720
-
income
89
-
178
-
other
-
-
1
-
pensions
20
-
34
-
unemployment
7
-
11
-
total
116
-
224
-
Employer
425
-
720
-
other
3
-
6
-
unemployment
23
-
40
-
accident
8
-
14
-
pensions
100
-
170
-
total
134
-
230
-
Corporate
389
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.

58
142
-
-
total
58
142
-
-
Dividends
331
808
-
-
withholding
67
168
-
-
total
67
168
-
-
Income
950
950
950
950
Total tax
375
310
454
434
After tax
575
640
496
516
Living cost
309
309
309
309
Free-cash
266
331
187
207

Estimated living cost  is £309 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£608
£662
£577
£610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
35
income
-
-
-
142
pensions

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

-
-
-
45
unemployment
-
-
-
1
total
-
-
-
223
Employee
198
-
890
-
income
20
-
89
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

17
-
27
-
health
9
-
14
-
total
48
-
133
-
Employer
198
-
890
-
unemployment
1
-
2
-
health
14
-
21
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

22
-
33
-
total
39
-
59
-
Corporate
713
950
-
-
income
71
95
-
-
total
71
95
-
-
Dividends
642
855
-
-
withholding
32
43
-
-
total
32
43
-
-
Income
950
950
950
950
Total tax
190
138
192
223
After tax
760
812
758
727
Living cost
150
150
150
150
Free-cash
610
662
608
577

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£327
£150
£249
£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
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
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.

-
-
-
211
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
trade
-
-
-
78
total
-
-
-
361
Employee

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

438
-
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
-
211
-
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
-
283
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
512
950
-
-
chamber of commerce
2
3
-
-
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
-
-
trade
73
136
-
-
income
77
142
-
-
total
156
289
-
-
Dividends
355
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
85
162
-
-
total
90
171
-
-
Income
950
950
950
950
Total tax
344
460
283
361
After tax
606
490
667
589
Living cost
340
340
340
340
Free-cash
266
150
327
249

Estimated living cost  is £340 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£128
£163
£128
£182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
234
social contributions
-
-
-
86
total
-
-
-
320
Employee
689
-
950
-
income
130
-
234
-
social contributions
57
-
86
-
total
187
-
320
-
Employer
689
-
950
-
total
-
-
-
-
Corporate
261
950
-
-
income
33
119
-
-
total
33
119
-
-
Dividends
229
831
-
-
withholding
46
166
-
-
total
46
166
-
-
Income
950
950
950
950
Total tax
266
285
320
320
After tax
684
665
630
630
Living cost
502
502
502
502
Free-cash
182
163
128
128

Estimated living cost  is £502 per week

£382
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
£378
£250
£325
£282
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
54
total
-
-
-
305
Employee
404
-
909
-
income
44
-
170
-
social contributions
40
-
41
-
total
84
-
211
-
Employer
404
-
909
-
social contributions
40
-
41
-
total
40
-
41
-
Corporate
506
950
-
-
income
177
333
-
-
total
177
333
-
-
Dividends
329
617
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
950
950
950
950
Total tax
348
380
252
305
After tax
602
570
698
645
Living cost
320
320
320
320
Free-cash
282
250
378
325

Estimated living cost  is £320 per week

£211
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
£264
£362
£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
-
income
81
-
152
-
health
6
-
14
-
pensions
34
-
81
-
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
£282
-£134
£441
£44
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
income
-
-
-
237
pensions
-
-
-
37
total
-
-
-
298
Employee
332
-
819
-
income
46
-
163
-
pensions
37
-
68
-
health
38
-
94
-
total
121
-
325
-
Employer
332
-
819
-
unemployment
8
-
20
-
accident
6
-
14
-
pensions
54
-
98
-
total
68
-
132
-
Corporate
551
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.

496
855
-
-
total
496
855
-
-
Dividends
55
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
695
873
457
298
After tax
255
77
493
652
Living cost
211
211
211
211
Free-cash
44
-134
282
441

Estimated living cost  is £211 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£490
£680
£422
£646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
70
work injury
-
-
-
5
pensions
-
-
-
175
unemployment
-
-
-
11
total
-
-
-
409
Employee

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

190
-
950
-
income
19
-
148
-
work injury
1
-
4
-
health insurance
14
-
52
-
pensions
35
-
129
-
unemployment
2
-
8
-
total
71
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
760
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
760
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
119
119
119
119
Free-cash
646
680
490
422

Estimated living cost  is £119 per week

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

Source of data for Skopje model

Close
Rome , Italy
£78
£149
£122
£111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
207
regional
-
-
-
20
municipal
-
-
-
6
total
-
-
-
477
Employee
742
-
950
-
social contributions
250
-
320
-
municipal
4
-
6
-
national
125
-
178
-
regional
11
-
17
-
total
390
-
521
-
Employer
742
-
950
-
total
-
-
-
-
Corporate
208
950
-
-
nationa
50
228
-
-
municipal
10
46
-
-
total
60
274
-
-
Dividends
148
676
-
-
withholding
38
176
-
-
total
38
176
-
-
Income
950
950
950
950
Total tax
488
450
521
477
After tax
462
500
429
473
Living cost
351
351
351
351
Free-cash
111
149
78
122

Estimated living cost  is £351 per week

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