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
£216
£313
£316
£402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
86
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.

-
-
-
214
health

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

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

-
-
-
59
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
total
-
-
-
371
Employee

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

332
-
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.

59
-
59
-
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
-
214
-
total
69
-
285
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
618
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.

5
8
-
-
income
93
142
-
-
trade
97
150
-
-
chamber of commerce
2
3
-
-
total
197
303
-
-
Dividends
421
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
102
159
-
-
total
108
168
-
-
Income
950
950
950
950
Total tax
374
471
285
371
After tax
576
479
665
579
Living cost
263
263
263
263
Free-cash
313
216
402
316

Estimated living cost  is £263 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£155
£148
£133
£139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
100
pensions
-
-
-
114
national
-
-
-
155
social contributions
-
-
-
10
total
-
-
-
379
Employee
678
-
821
-
municipal
84
-
104
-
pensions
27
-
33
-
national
130
-
161
-
total
241
-
298
-
Employer
678
-
821
-
social contributions
7
-
9
-
pensions
54
-
66
-
total
61
-
75
-
Corporate
165
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%.

33
190
-
-
total
33
190
-
-
Dividends
132
760
-
-
withholding
29
167
-
-
total
29
167
-
-
Income
950
950
950
950
Total tax
364
357
373
379
After tax
586
593
577
571
Living cost
438
438
438
438
Free-cash
148
155
139
133

Estimated living cost  is £438 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£580
£509
£327
£355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
income
-
-
-
138
surtax
-
-
-
-
social contributions

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

-
-
-
305
total
-
-
-
443
Employee
253
-
766
-
social contributions

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

28
-
84
-
surtax
-
-
-
-
income
45
-
147
-
total
73
-
231
-
Employer
253
-
766
-
social contributions

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

61
-
184
-
surtax
-
-
-
-
total
61
-
184
-
Corporate
636
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%.

127
190
-
-
total
127
190
-
-
Dividends

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

508
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
261
190
415
443
After tax
689
760
535
507
Living cost
180
180
180
180
Free-cash
509
580
355
327

Estimated living cost  is £180 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
£97
£45
£177
£122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
201
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
410
Employee
741
741
808
-
health
114
97
101
-
income

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

121
121
121
-
pensions
133
102
102
-
total
368
320
324
-
Employer
741
741
808
-
unemployment
27
27
29
-
pensions
52
52
56
-
health
51
51
56
-
total
130
130
141
-
Corporate
89
80
-
-
income
18
16
-
-
total
18
16
-
-
Dividends
71
64
-
-
income
15
14
-
-
withholding
11
10
-
-
total
26
24
-
-
Income
950
950
950
950
Total tax
542
490
465
410
After tax
408
460
485
540
Living cost
363
363
363
363
Free-cash
45
97
122
177

Estimated living cost  is £363 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£185
£178
£175
£168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
220
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
9
total
-
-
-
441
Employee
476
-
723
-
municipal
142
-
216
-
national
-
-
6
-
total
142
-
222
-
Employer
476
-
723
-
accident
1
-
1
-
other
55
-
84
-
unemployment
13
-
19
-
pensions
51
-
78
-
health
29
-
44
-
total
149
-
226
-
Corporate
324
950
-
-
income
71
209
-
-
total
71
209
-
-
Dividends
253
741
-
-
withholding
76
222
-
-
total
76
222
-
-
Income
950
950
950
950
Total tax
438
431
448
441
After tax
512
519
502
509
Living cost
334
334
334
334
Free-cash
178
185
168
175

Estimated living cost  is £334 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£134
£255
£234
£324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
90
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.

-
-
-
214
health

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

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

-
-
-
59
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
total
-
-
-
375
Employee

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

440
-
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.

59
-
59
-
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
-
214
-
total
99
-
285
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
510
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.

4
8
-
-
income
77
142
-
-
trade
84
156
-
-
chamber of commerce
2
3
-
-
total
167
309
-
-
Dividends
343
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.

5
9
-
-
withholding
83
157
-
-
total
88
166
-
-
Income
950
950
950
950
Total tax
354
475
285
375
After tax
596
475
665
575
Living cost
341
341
341
341
Free-cash
255
134
324
234

Estimated living cost  is £341 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£415
£379
£388
£379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
117
health
-
-
-
24
social contributions
-
-
-
140
total
-
-
-
281
Employee
667
667
862
-
social contributions
32
55
72
-
health
7
11
15
-
income
70
62
115
-
total
109
128
202
-
Employer
667
667
862
-
social contributions
32
55
72
-
health
7
12
16
-
total
39
67
88
-
Corporate
520
215
-
-
income
65
27
-
-
total
65
27
-
-
Dividends
455
188
-
-
withholding
77
32
-
-
total
77
32
-
-
Income
950
950
950
950
Total tax
290
254
290
281
After tax
660
696
660
669
Living cost
281
281
281
281
Free-cash
379
415
379
388

Estimated living cost  is £281 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
£378
£382
£502
£394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

227
90
795
-
health
16
6
56
-
income
28
11
97
-
pensions
23
9
79
-
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.

227
90
795
-
pensions
44
18
155
-
total
44
18
155
-
Corporate
679
842
-
-
income
61
76
-
-
total
61
76
-
-
Dividends
618
766
-
-
social contributions
119
148
-
-
withholding
117
146
-
-
total
236
294
-
-
Income
950
950
950
950
Total tax
411
415
399
291
After tax
539
535
551
659
Living cost
157
157
157
157
Free-cash
382
378
394
502

Estimated living cost  is £157 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
£550
£496
£300
£338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
127
pensions
-
-
-
190
health
-
-
-
123
total
-
-
-
440
Employee
246
-
710
-
income
28
-
137
-
pensions
5
-
14
-
unemployment
4
-
11
-
total
37
-
162
-
Employer
246
-
710
-
unemployment
2
-
6
-
pensions
49
-
142
-
health
32
-
92
-
total
83
-
240
-
Corporate
621
950
-
-
income
124
190
-
-
total
124
190
-
-
Dividends
497
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
244
190
402
440
After tax
706
760
548
510
Living cost
210
210
210
210
Free-cash
496
550
338
300

Estimated living cost  is £210 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-£112
£49
£462
£307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
239
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
299
Employee
298
-
821
-
health
34
-
94
-
income
41
-
165
-
pensions
34
-
66
-
total
109
-
325
-
Employer
298
-
821
-
accident
5
-
14
-
unemployment
7
-
20
-
pensions
48
-
95
-
total
60
-
129
-
Corporate
591
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.

532
855
-
-
total
532
855
-
-
Dividends
59
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
712
873
454
299
After tax
238
77
496
651
Living cost
189
189
189
189
Free-cash
49
-112
307
462

Estimated living cost  is £189 per week

£139
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

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
£823
£808
£861
£681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
99
-
950
-
income
20
-
190
-
total
20
-
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%.

851
950
-
-
total
-
-
-
-
Dividends
851
950
-
-
withholding
43
48
-
-
total
43
48
-
-
Income
950
950
950
950
Total tax
63
48
190
10
After tax
887
902
760
940
Living cost
79
79
79
79
Free-cash
808
823
681
861

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£467
£408
£282
£320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
122
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
other
-
-
-
45
health
-
-
-
42
total
-
-
-
437
Employee
315
-
759
-
health
4
-
11
-
income
54
-
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
-
unemployment
3
-
8
-
total
83
-
207
-
Employer
315
-
759
-
accident
3
-
6
-
other
16
-
38
-
unemployment
3
-
8
-
pensions

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

54
-
129
-
health
4
-
11
-
total
80
-
192
-
Corporate
556
950
-
-
income
117
199
-
-
total
117
199
-
-
Dividends
439
751
-
-
withholding
31
53
-
-
total
31
53
-
-
Income
950
950
950
950
Total tax
311
252
399
437
After tax
639
698
551
513
Living cost
231
231
231
231
Free-cash
408
467
320
282

Estimated living cost  is £231 per week

£163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£102
£6
£90
£4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
209
pensions
-
-
-
67
total
-
-
-
276
Employee
826
-
835
-
health
14
-
14
-
income
149
-
152
-
pensions
80
-
81
-
total
243
-
247
-
Employer
826
-
835
-
pensions
98
-
99
-
health
16
-
16
-
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
£698
£657
£613
£644
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
223
Employee
151
-
891
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
89
-
pensions

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

13
-
27
-
total
37
-
133
-
Employer
151
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
770
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

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£21
£2
£59
£4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
201
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
410
Employee
804
741
808
-
health
100
97
101
-
income

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

121
121
121
-
pensions
102
102
102
-
total
323
320
324
-
Employer
804
741
808
-
unemployment
29
27
29
-
pensions
56
52
56
-
health
56
51
56
-
total
141
130
141
-
Corporate
5
80
-
-
income
1
16
-
-
total
1
16
-
-
Dividends
4
64
-
-
income
1
14
-
-
withholding
1
10
-
-
total
2
24
-
-
Income
950
950
950
950
Total tax
467
490
465
410
After tax
483
460
485
540
Living cost
481
481
481
481
Free-cash
2
-21
4
59

Estimated living cost  is £481 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
£448
£373
£256
£275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
305
-
709
-
social contributions
20
-
46
-
health
41
-
96
-
solidarity contribution
-
-
-
-
income
37
-
85
-
total
98
-
227
-
Employer
305
-
709
-
social contributions
76
-
177
-
health
27
-
64
-
total
103
-
241
-
Corporate
542
950
-
-
income
103
180
-
-
total
103
180
-
-
Dividends
439
770
-
-
withholding
66
115
-
-
total
66
115
-
-
Income
950
950
950
950
Total tax
370
295
468
487
After tax
580
655
482
463
Living cost
207
207
207
207
Free-cash
373
448
275
256

Estimated living cost  is £207 per week

£144
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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£141
£95
£115
£71
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6
regional
-
-
-
11
national
-
-
-
208
social contributions
-
-
-
244
total
-
-
-
469
Employee
771
-
950
-
social contributions
260
-
320
-
regional
7
-
9
-
municipal
4
-
5
-
national
134
-
179
-
total
405
-
513
-
Employer
771
-
950
-
total
-
-
-
-
Corporate
179
950
-
-
nationa
43
228
-
-
municipal
7
37
-
-
total
50
265
-
-
Dividends
129
685
-
-
withholding
34
178
-
-
total
34
178
-
-
Income
950
950
950
950
Total tax
489
443
513
469
After tax
461
507
437
481
Living cost
366
366
366
366
Free-cash
95
141
71
115

Estimated living cost  is £366 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
£407
£380
£287
£270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
189
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
24
total
-
-
-
472
Employee
287
-
785
-
other
-
-
-
-
health
7
-
20
-
surtax
1
-
22
-
income
48
-
174
-
pensions
19
-
52
-
unemployment
20
-
55
-
total
95
-
323
-
Employer
287
-
785
-
other
-
-
-
-
unemployment
9
-
25
-
pensions
38
-
105
-
health
13
-
36
-
total
60
-
166
-
Corporate
603
950
-
-
income
157
247
-
-
total
157
247
-
-
Dividends
446
703
-
-
withholding
67
105
-
-
total
67
105
-
-
Income
950
950
950
950
Total tax
379
352
489
472
After tax
571
598
461
478
Living cost
191
191
191
191
Free-cash
380
407
270
287

Estimated living cost  is £191 per week

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

Source of data for Thessaloniki model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
209
pensions
-
-
-
67
total
-
-
-
276
Employee
554
-
835
-
health
8
-
14
-
income
100
-
152
-
pensions
47
-
81
-
total
155
-
247
-
Employer
554
-
835
-
pensions
60
-
99
-
health
11
-
16
-
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
-£229
£54
£127
£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
city
-
-
-
10
pensions
-
-
-
87
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
19
regional
-
-
-
35
health
-
-
-
2
national
-
-
-
7
total
-
-
-
160
Employee
775
-
850
-
city
8
-
9
-
regional
25
-
30
-
health
2
-
2
-
pensions
65
-
71
-
unemployment
-
-
-
-
national
4
-
5
-
total
104
-
117
-
Employer
775
-
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.

16
-
17
-
unemployment
-
-
-
-
pensions
65
-
71
-
health
2
-
2
-
total
83
-
90
-
Corporate
84
950
-
-
regional
18
201
-
-
national
7
81
-
-
total
25
282
-
-
Dividends
59
668
-
-
withholding
21
234
-
-
total
21
234
-
-
Income
950
950
950
950
Total tax
233
516
207
160
After tax
717
434
743
790
Living cost
663
663
663
663
Free-cash
54
-229
80
127

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£73
£214
£174
£268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
trade
-
-
-
94
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.

-
-
-
214
health

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

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

-
-
-
59
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
total
-
-
-
379
Employee

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

521
-
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.

59
-
59
-
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.

61
-
214
-
total
123
-
285
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
429
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.

4
8
-
-
income
64
142
-
-
trade
74
163
-
-
chamber of commerce
2
3
-
-
total
144
316
-
-
Dividends
285
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
68
155
-
-
total
72
164
-
-
Income
950
950
950
950
Total tax
339
480
285
379
After tax
611
470
665
571
Living cost
397
397
397
397
Free-cash
214
73
268
174

Estimated living cost  is £397 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
£181
£232
£249
£290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
102
pensions
-
-
-
224
other
-
-
-
29
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
404
Employee
371
-
767
-
social contributions
11
-
22
-
surtax
-
-
-
-
income
22
-
119
-
pensions
42
-
39
-
total
75
-
180
-
Employer
371
-
767
-
other
13
-
26
-
social contributions
1
-
2
-
unemployment
15
-
31
-
pensions
61
-
69
-
health
26
-
55
-
total
116
-
183
-
Corporate
463
950
-
-
surtax
-
-
-
-
income
130
266
-
-
total
130
266
-
-
Dividends
333
684
-
-
surtax
-
-
-
-
social contributions
57
118
-
-
withholding
43
88
-
-
total
100
206
-
-
Income
950
950
950
950
Total tax
421
472
363
404
After tax
529
478
587
546
Living cost
297
297
297
297
Free-cash
232
181
290
249

Estimated living cost  is £297 per week

£187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£211
£263
£279
£320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
102
pensions
-
-
-
224
other
-
-
-
29
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
404
Employee
331
-
767
-
social contributions
9
-
22
-
surtax
-
-
-
-
income
17
-
119
-
pensions
37
-
39
-
total
63
-
180
-
Employer
331
-
767
-
other
11
-
26
-
social contributions
1
-
2
-
unemployment
13
-
31
-
pensions
54
-
69
-
health
23
-
55
-
total
102
-
183
-
Corporate
515
950
-
-
surtax
-
-
-
-
income
144
266
-
-
total
144
266
-
-
Dividends
371
684
-
-
surtax
-
-
-
-
social contributions
64
118
-
-
withholding
47
88
-
-
total
111
206
-
-
Income
950
950
950
950
Total tax
420
472
363
404
After tax
530
478
587
546
Living cost
267
267
267
267
Free-cash
263
211
320
279

Estimated living cost  is £267 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
£395
£400
£427
£424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
66
social contributions
-
-
-
131
total
-
-
-
339
Employee
294
-
950
-
social contributions
41
-
131
-
health
21
-
66
-
income
49
-
145
-
total
111
-
342
-
Employer
294
-
950
-
total
-
-
-
-
Corporate
656
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
48
-
-
total
33
48
-
-
Dividends
623
902
-
-
health
43
63
-
-
social contributions
86
125
-
-
withholding
93
135
-
-
total
222
323
-
-
Income
950
950
950
950
Total tax
366
371
342
339
After tax
584
579
608
611
Living cost
184
184
184
184
Free-cash
400
395
424
427

Estimated living cost  is £184 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
£229
£212
£167
-£28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
chamber of commerce
-
-
-
4
income
-
-
-
169
pensions
-
-
-
176
unemployment
-
-
-
53
health
-
-
-
73
surtax
-
-
-
2
total
-
-
-
477
Employee
433
346
736
-
other
4
3
7
-
health
17
13
28
-
income
49
25
150
-
pensions
44
35
75
-
unemployment
13
10
22
-
total
127
86
282
-
Employer
433
346
736
-
accident
6
4
10
-
other
21
16
35
-
chamber of commerce
2
1
3
-
unemployment
13
10
22
-
surtax
2
2
2
-
pensions
54
43
92
-
payroll
13
10
22
-
health
16
13
28
-
total
127
99
214
-
Corporate
390
503
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.

98
126
176
-
total
98
126
176
-
Dividends
293
377
-
-
withholding
80
104
-
-
total
80
104
-
-
Income
950
950
950
950
Total tax
432
415
672
477
After tax
518
535
278
473
Living cost
306
306
306
306
Free-cash
212
229
-28
167

Estimated living cost  is £306 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£216
£87
£120
£50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
national
-
-
-
313
communal

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

-
-
-
48
social contributions
-
-
-
153
total
-
-
-
514
Employee

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

620
-
736
-
communal

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

32
-
38
-
health

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

29
-
35
-
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
-
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
-
national
191
-
236
-
total
304
-
370
-
Employer

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

620
-
736
-
accident

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

8
-
10
-
unemployment

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

9
-
11
-
surtax
70
-
83
-
pensions

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

55
-
65
-
health

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

38
-
45
-
total
180
-
214
-
Corporate
149
950
-
-
surtax
1
4
-
-
income
30
190
-
-
total
31
194
-
-
Dividends
119
756
-
-
withholding

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

32
224
-
-
total
32
224
-
-
Income
950
950
950
950
Total tax
547
418
584
514
After tax
403
532
366
436
Living cost
316
316
316
316
Free-cash
87
216
50
120

Estimated living cost  is £316 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
£327
£258
£203
£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
accident
-
-
-
7
income
-
-
-
192
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
434
Employee
432
-
720
-
other
-
-
1
-
income
91
-
179
-
pensions
20
-
34
-
unemployment
7
-
11
-
total
118
-
225
-
Employer
432
-
720
-
accident
9
-
14
-
other
3
-
6
-
unemployment
24
-
40
-
pensions
102
-
170
-
total
138
-
230
-
Corporate
381
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.

57
142
-
-
total
57
142
-
-
Dividends
323
808
-
-
withholding
66
168
-
-
total
66
168
-
-
Income
950
950
950
950
Total tax
379
310
455
434
After tax
571
640
495
516
Living cost
313
313
313
313
Free-cash
258
327
182
203

Estimated living cost  is £313 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£108
£45
£61
£100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
8
income
-
-
-
94
pensions
-
-
-
142
health
-
-
-
67
surtax
-
-
-
47
communal
-
-
-
60
total
-
-
-
418
Employee
657
-
849
-
health
29
-
38
-
surtax
40
-
52
-
income
63
-
119
-
pensions
53
-
68
-
total
185
-
277
-
Employer
657
-
849
-
accident
6
-
8
-
pensions
53
-
68
-
health
20
-
26
-
total
79
-
102
-
Corporate
215
950
-
-
surtax
2
10
-
-
communal
-
64
-
-
income
32
142
-
-
total
34
216
-
-
Dividends
180
733
-
-
income
109
45
-
-
withholding
27
110
-
-
total
136
155
-
-
Income
950
950
950
950
Total tax
434
371
379
418
After tax
516
579
571
532
Living cost
471
471
471
471
Free-cash
45
108
100
61

Estimated living cost  is £471 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
£403
£377
£283
£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
income
-
-
-
189
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
24
total
-
-
-
472
Employee
292
-
785
-
other
-
-
-
-
health
7
-
20
-
surtax
1
-
22
-
income
49
-
174
-
pensions
19
-
52
-
unemployment
20
-
55
-
total
96
-
323
-
Employer
292
-
785
-
other
-
-
-
-
unemployment
9
-
25
-
pensions
39
-
105
-
health
13
-
36
-
total
61
-
166
-
Corporate
596
950
-
-
income
155
247
-
-
total
155
247
-
-
Dividends
441
703
-
-
withholding
66
105
-
-
total
66
105
-
-
Income
950
950
950
950
Total tax
378
352
489
472
After tax
572
598
461
478
Living cost
195
195
195
195
Free-cash
377
403
266
283

Estimated living cost  is £195 per week

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

Source of data for Athens model

Close
Naples , Italy
£266
£246
£244
£199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6
regional
-
-
-
14
national
-
-
-
208
social contributions
-
-
-
244
total
-
-
-
472
Employee
481
-
950
-
social contributions
162
-
320
-
regional
6
-
13
-
municipal
3
-
5
-
national
76
-
179
-
total
247
-
517
-
Employer
481
-
950
-
total
-
-
-
-
Corporate
469
950
-
-
nationa
113
228
-
-
municipal
23
47
-
-
total
136
275
-
-
Dividends
333
675
-
-
withholding
87
175
-
-
total
87
175
-
-
Income
950
950
950
950
Total tax
470
450
517
472
After tax
480
500
433
478
Living cost
234
234
234
234
Free-cash
246
266
199
244

Estimated living cost  is £234 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
£400
£308
£208
£227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
376
-
709
-
social contributions
24
-
46
-
health
51
-
96
-
solidarity contribution
-
-
-
-
income
45
-
85
-
total
120
-
227
-
Employer
376
-
709
-
social contributions
94
-
177
-
health
34
-
64
-
total
128
-
241
-
Corporate
447
950
-
-
income
85
180
-
-
total
85
180
-
-
Dividends
362
770
-
-
withholding
54
115
-
-
total
54
115
-
-
Income
950
950
950
950
Total tax
387
295
468
487
After tax
563
655
482
463
Living cost
255
255
255
255
Free-cash
308
400
227
208

Estimated living cost  is £255 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£260
£251
£198
£0
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
4
income
-
-
-
169
pensions
-
-
-
176
unemployment
-
-
-
53
health
-
-
-
73
surtax
-
-
-
-
total
-
-
-
475
Employee
379
346
738
-
other
4
3
7
-
health
15
13
29
-
income
34
25
150
-
pensions
39
35
76
-
unemployment
11
10
22
-
total
103
86
284
-
Employer
379
346
738
-
accident
5
4
10
-
other
18
16
35
-
chamber of commerce
2
1
3
-
unemployment
11
10
22
-
surtax
-
-
-
-
pensions
48
43
93
-
payroll
11
10
22
-
health
14
13
28
-
total
109
97
213
-
Corporate
462
505
705
-
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.

115
126
176
-
total
115
126
176
-
Dividends
346
379
-
-
withholding
95
104
-
-
total
95
104
-
-
Income
950
950
950
950
Total tax
422
413
673
475
After tax
528
537
277
475
Living cost
277
277
277
277
Free-cash
251
260
-
198

Estimated living cost  is £277 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£779
£756
£817
£637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
950
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
154
-
950
-
income
31
-
190
-
total
31
-
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%.

796
950
-
-
total
-
-
-
-
Dividends
796
950
-
-
withholding
40
48
-
-
total
40
48
-
-
Income
950
950
950
950
Total tax
71
48
190
10
After tax
879
902
760
940
Living cost
123
123
123
123
Free-cash
756
779
637
817

Estimated living cost  is £123 per week

£83
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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
£422
£348
£256
£228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
950
income
-
-
-
194
pensions
-
-
-
173
unemployment
-
-
-
1
health
-
-
-
93
total
-
-
-
461
Employee

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

384
-
822
-
health
25
-
53
-
income
66
-
180
-
pensions
59
-
127
-
unemployment
1
-
1
-
total
151
-
361
-
Employer

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

384
-
822
-
unemployment
-
-
-
-
pensions
34
-
73
-
health
26
-
55
-
total
60
-
128
-
Corporate
507
950
-
-
income
96
180
-
-
total
96
180
-
-
Dividends
410
770
-
-
withholding
62
115
-
-
total
62
115
-
-
Income
950
950
950
950
Total tax
369
295
489
461
After tax
581
655
461
489
Living cost
233
233
233
233
Free-cash
348
422
228
256

Estimated living cost  is £233 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
£203
-£346
£282
£461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
185
social contributions
-
-
-
108
total
-
-
-
293
Employee
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
-
950
-
-
income
-
209
-
-
total
-
209
-
-
Dividends
-
741
-
-
income
-
163
-
-
total
-
163
-
-
Income
950
950
950
950
Total tax
921
372
114
293
After tax
29
578
836
657
Living cost
375
375
375
375
Free-cash
-346
203
461
282

Estimated living cost  is £375 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
£269
£259
£255
£203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
950
income
-
-
-
93
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
423
Employee
399
-
768
-
social contributions
44
-
84
-
surtax
-
-
-
-
income
83
-
209
-
total
127
-
293
-
Employer
399
-
768
-
social contributions
95
-
182
-
total
95
-
182
-
Corporate
456
950
-
-
surtax
-
-
-
-
income
96
199
-
-
total
96
199
-
-
Dividends
361
751
-
-
withholding
101
210
-
-
total
101
210
-
-
Income
950
950
950
950
Total tax
419
409
475
423
After tax
531
541
475
527
Living cost
272
272
272
272
Free-cash
259
269
203
255

Estimated living cost  is £272 per week

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

Source of data for Lisbon model

Close
Paris , France
£59
£121
£127
£168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
102
pensions
-
-
-
224
other
-
-
-
29
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
404
Employee
543
-
767
-
social contributions
15
-
22
-
surtax
-
-
-
-
income
47
-
119
-
pensions
61
-
39
-
total
123
-
180
-
Employer
543
-
767
-
other
19
-
26
-
social contributions
2
-
2
-
unemployment
22
-
31
-
pensions
89
-
69
-
health
38
-
55
-
total
170
-
183
-
Corporate
237
950
-
-
surtax
-
-
-
-
income
66
266
-
-
total
66
266
-
-
Dividends
171
684
-
-
surtax
-
-
-
-
social contributions
29
118
-
-
withholding
22
88
-
-
total
51
206
-
-
Income
950
950
950
950
Total tax
410
472
363
404
After tax
540
478
587
546
Living cost
419
419
419
419
Free-cash
121
59
168
127

Estimated living cost  is £419 per week

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

Source of data for Paris model

Close
Andorra , Andorra
£594
£565
£459
£485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
279
-
823
-
income
-
-
24
-
social contributions
18
-
53
-
total
18
-
77
-
Employer
279
-
823
-
social contributions
43
-
127
-
total
43
-
127
-
Corporate
628
950
-
-
income
63
95
-
-
total
63
95
-
-
Dividends
565
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
124
95
204
230
After tax
826
855
746
720
Living cost
261
261
261
261
Free-cash
565
594
485
459

Estimated living cost  is £261 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£940
-£940
£166
-£940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
181
pensions
-
-
-
8
national
-
-
-
102
labour market
-
-
-
75
total
-
-
-
366
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
375
375
375
-
pensions
3
3
3
-
total
734
734
734
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 472
1 472
1 472
366
After tax
-522
-522
-522
584
Living cost
418
418
418
418
Free-cash
-940
-940
-940
166

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-£110
£48
£464
£309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
239
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
299
Employee
294
-
821
-
health
34
-
94
-
income
40
-
165
-
pensions
33
-
66
-
total
107
-
325
-
Employer
294
-
821
-
accident
5
-
14
-
unemployment
7
-
20
-
pensions
48
-
95
-
total
60
-
129
-
Corporate
597
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.

537
855
-
-
total
537
855
-
-
Dividends
60
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
715
873
454
299
After tax
235
77
496
651
Living cost
187
187
187
187
Free-cash
48
-110
309
464

Estimated living cost  is £187 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£292
£281
£332
£202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
169
health
-
-
-
11
national
-
-
-
105
total
-
-
-
285
Employee
456
-
799
-
health
3
-
9
-
municipal
75
-
130
-
pensions
31
-
54
-
unemployment
7
-
12
-
national
8
-
59
-
total
124
-
264
-
Employer
456
-
799
-
accident
-
-
1
-
unemployment
3
-
5
-
pensions
79
-
139
-
health
4
-
6
-
total
86
-
151
-
Corporate
408
950
-
-
income
82
190
-
-
total
82
190
-
-
Dividends

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

245
570
-
-
national
-
32
-
-
municipal
44
103
-
-
total
44
135
-
-
Income
950
950
950
950
Total tax
336
325
415
285
After tax
614
625
535
665
Living cost
333
333
333
333
Free-cash
281
292
202
332

Estimated living cost  is £333 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£495
£446
£468
£459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
117
health
-
-
-
24
social contributions
-
-
-
140
total
-
-
-
281
Employee
667
667
862
-
social contributions
25
55
72
-
health
5
11
15
-
income
73
62
115
-
total
103
128
202
-
Employer
667
667
862
-
social contributions
25
55
72
-
health
6
12
16
-
total
31
67
88
-
Corporate
615
215
-
-
income
77
27
-
-
total
77
27
-
-
Dividends
538
188
-
-
withholding
92
32
-
-
total
92
32
-
-
Income
950
950
950
950
Total tax
303
254
290
281
After tax
647
696
660
669
Living cost
201
201
201
201
Free-cash
446
495
459
468

Estimated living cost  is £201 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
£649
£603
£634
£461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
950
income
-
-
-
92
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
178
Employee

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

199
-
865
-
health
17
-
70
-
income
14
-
70
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
267
-
Employer

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

199
-
865
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
730
950
-
-
income
66
85
-
-
total
66
85
-
-
Dividends
665
865
-
-
withholding
60
78
-
-
total
60
78
-
-
Income
950
950
950
950
Total tax
209
163
351
178
After tax
741
787
599
772
Living cost
138
138
138
138
Free-cash
603
649
461
634

Estimated living cost  is £138 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
£401
£355
£277
£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
accident
-
-
-
7
income
-
-
-
192
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
434
Employee
321
-
720
-
other
-
-
1
-
income
62
-
179
-
pensions
15
-
34
-
unemployment
5
-
11
-
total
82
-
225
-
Employer
321
-
720
-
accident
6
-
14
-
other
3
-
6
-
unemployment
18
-
40
-
pensions
76
-
170
-
total
103
-
230
-
Corporate
527
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.

79
142
-
-
total
79
142
-
-
Dividends
448
808
-
-
withholding
92
168
-
-
total
92
168
-
-
Income
950
950
950
950
Total tax
356
310
455
434
After tax
594
640
495
516
Living cost
239
239
239
239
Free-cash
355
401
256
277

Estimated living cost  is £239 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
£569
£566
£579
£577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
317
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
347
Employee
36
-
931
-
health
2
-
4
-
income
7
-
316
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
329
-
Employer
36
-
931
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
906
950
-
-
income
199
209
-
-
total
199
209
-
-
Dividends
706
741
-
-
withholding
141
148
-
-
total
141
148
-
-
Income
950
950
950
950
Total tax
360
357
349
347
After tax
590
593
601
603
Living cost
24
24
24
24
Free-cash
566
569
577
579

Estimated living cost  is £24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£536
£492
£362
£362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
950
income
-
-
-
195
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
438
Employee

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

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

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

226
-
835
-
health
12
-
33
-
income
31
-
195
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
323
-
Employer

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

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

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

226
-
835
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
684
950
-
-
income
103
143
-
-
total
103
143
-
-
Dividends
581
807
-
-
withholding
87
121
-
-
total
87
121
-
-
Income
950
950
950
950
Total tax
308
264
438
438
After tax
642
686
512
512
Living cost
150
150
150
150
Free-cash
492
536
362
362

Estimated living cost  is £150 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
£307
£303
£293
£241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
950
income
-
-
-
93
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
423
Employee
337
-
768
-
social contributions
37
-
84
-
surtax
-
-
-
-
income
66
-
209
-
total
103
-
293
-
Employer
337
-
768
-
social contributions
80
-
182
-
total
80
-
182
-
Corporate
533
950
-
-
surtax
-
-
-
-
income
112
199
-
-
total
112
199
-
-
Dividends
421
751
-
-
withholding
118
210
-
-
total
118
210
-
-
Income
950
950
950
950
Total tax
413
409
475
423
After tax
537
541
475
527
Living cost
234
234
234
234
Free-cash
303
307
241
293

Estimated living cost  is £234 per week

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

Source of data for Porto model

Close
Madrid , Spain
£335
£270
£211
£190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
7
income
-
-
-
192
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
434
Employee
419
-
720
-
other
-
-
1
-
income
87
-
179
-
pensions
20
-
34
-
unemployment
6
-
11
-
total
113
-
225
-
Employer
419
-
720
-
accident
8
-
14
-
other
3
-
6
-
unemployment
23
-
40
-
pensions
99
-
170
-
total
133
-
230
-
Corporate
398
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.

60
142
-
-
total
60
142
-
-
Dividends
338
808
-
-
withholding
69
168
-
-
total
69
168
-
-
Income
950
950
950
950
Total tax
375
310
455
434
After tax
575
640
495
516
Living cost
305
305
305
305
Free-cash
270
335
190
211

Estimated living cost  is £305 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
£663
£611
£578
£609
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
223
Employee
198
-
891
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
89
-
pensions

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

17
-
27
-
total
48
-
133
-
Employer
198
-
891
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
714
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
149
149
149
149
Free-cash
611
663
609
578

Estimated living cost  is £149 per week

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

Source of data for Sofia model

Close
Berlin , Germany
£155
£269
£252
£330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
78
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.

-
-
-
214
health

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

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

-
-
-
59
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
total
-
-
-
363
Employee

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

432
-
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.

59
-
59
-
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.

35
-
214
-
total
96
-
285
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
518
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.

4
8
-
-
income
78
142
-
-
trade
74
136
-
-
chamber of commerce
2
3
-
-
total
158
289
-
-
Dividends
360
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
87
162
-
-
total
92
171
-
-
Income
950
950
950
950
Total tax
346
460
285
363
After tax
604
490
665
587
Living cost
335
335
335
335
Free-cash
269
155
330
252

Estimated living cost  is £335 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£171
£190
£133
£133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
237
social contributions
-
-
-
86
total
-
-
-
323
Employee
678
-
950
-
income
128
-
237
-
social contributions
56
-
86
-
total
184
-
323
-
Employer
678
-
950
-
total
-
-
-
-
Corporate
272
950
-
-
income
34
119
-
-
total
34
119
-
-
Dividends
238
831
-
-
withholding
48
166
-
-
total
48
166
-
-
Income
950
950
950
950
Total tax
266
285
323
323
After tax
684
665
627
627
Living cost
494
494
494
494
Free-cash
190
171
133
133

Estimated living cost  is £494 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£256
£287
£330
£384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
950
income
-
-
-
247
health

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

-
-
-
58
total
-
-
-
305
Employee
398
-
910
-
income
43
-
171
-
social contributions
40
-
40
-
total
83
-
211
-
Employer
398
-
910
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
512
950
-
-
income
179
333
-
-
total
179
333
-
-
Dividends
333
617
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
950
950
950
950
Total tax
348
379
251
305
After tax
602
571
699
645
Living cost
315
315
315
315
Free-cash
287
256
384
330

Estimated living cost  is £315 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
health
6
-
14
-
income
81
-
152
-
pensions
34
-
81
-
total
121
-
247
-
Employer
445
-
835
-
pensions
45
-
99
-
health
8
-
16
-
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
-£128
£47
£446
£291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
2
income
-
-
-
239
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
299
Employee
323
-
821
-
health
37
-
94
-
income
44
-
165
-
pensions
36
-
66
-
total
117
-
325
-
Employer
323
-
821
-
accident
5
-
14
-
unemployment
8
-
20
-
pensions
52
-
95
-
total
65
-
129
-
Corporate
562
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.

505
855
-
-
total
505
855
-
-
Dividends
56
95
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
950
950
950
950
Total tax
698
873
454
299
After tax
252
77
496
651
Living cost
205
205
205
205
Free-cash
47
-128
291
446

Estimated living cost  is £205 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
£682
£649
£424
£496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
5
health insurance
-
-
-
70
income
-
-
-
148
pensions
-
-
-
175
unemployment
-
-
-
11
total
-
-
-
409
Employee

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

187
-
950
-
work injury
1
-
3
-
income
19
-
148
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
763
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
763
940
-
-
withholding
114
141
-
-
total
114
141
-
-
Income
950
950
950
950
Total tax
184
151
337
409
After tax
766
799
613
541
Living cost
117
117
117
117
Free-cash
649
682
496
424

Estimated living cost  is £117 per week

£72
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.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£154
£114
£126
£82
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
20
national
-
-
-
208
social contributions
-
-
-
244
total
-
-
-
478
Employee
731
-
950
-
social contributions
246
-
320
-
regional
11
-
17
-
municipal
4
-
6
-
national
124
-
179
-
total
385
-
522
-
Employer
731
-
950
-
total
-
-
-
-
Corporate
219
950
-
-
nationa
53
228
-
-
municipal
11
46
-
-
total
64
274
-
-
Dividends
156
676
-
-
withholding
41
176
-
-
total
41
176
-
-
Income
950
950
950
950
Total tax
490
450
522
478
After tax
460
500
428
472
Living cost
346
346
346
346
Free-cash
114
154
82
126

Estimated living cost  is £346 per week

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