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
$ 1000
per

Your estimated
City
free-cash

Dresden , Germany
$180
$298
$315
$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

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

-
-
-
1 000
trade
-
-
-
79
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.

-
-
-
195
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.

-
-
-
74
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.

-
-
-
11
total
-
-
-
359
Employee

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

412
-
1 000
-
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.

74
-
74
-
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
-
11
-
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.

12
-
195
-
total
87
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
588
1 000
-
-
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
88
150
-
-
trade
93
158
-
-
chamber of commerce
2
3
-
-
total
188
319
-
-
Dividends
400
681
-
-
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
96
166
-
-
total
101
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
376
494
280
359
After tax
624
506
720
641
Living cost
326
326
326
326
Free-cash
298
180
394
315

Estimated living cost  is $326 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$81
$72
$63
$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
-
-
-
1 000
municipal
-
-
-
103
pensions
-
-
-
120
national
-
-
-
160
social contributions
-
-
-
11
total
-
-
-
394
Employee
842
-
864
-
municipal
104
-
107
-
pensions
34
-
35
-
national
161
-
166
-
total
299
-
308
-
Employer
842
-
864
-
social contributions
9
-
9
-
pensions
67
-
69
-
total
76
-
78
-
Corporate
26
1 000
-
-
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%.

5
200
-
-
total
5
200
-
-
Dividends
21
800
-
-
withholding
5
176
-
-
total
5
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
385
376
386
394
After tax
615
624
614
606
Living cost
543
543
543
543
Free-cash
72
81
71
63

Estimated living cost  is $543 per week

$369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$576
$487
$310
$340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 000
microenterprise
-
-
-
-
income
-
-
-
144
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.

-
-
-
322
total
-
-
-
466
Employee
315
-
806
-
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.

35
-
89
-
surtax
-
-
-
-
income
56
-
153
-
total
91
-
242
-
Employer
315
-
806
-
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.

76
-
194
-
surtax
-
-
-
-
total
76
-
194
-
Corporate
609
1 000
-
-
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%.

122
200
-
-
total
122
200
-
-
Dividends

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

487
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
289
200
436
466
After tax
711
800
564
534
Living cost
224
224
224
224
Free-cash
487
576
340
310

Estimated living cost  is $224 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$9
-$70
$117
-$70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
181
pensions
-
-
-
126
health
-
-
-
125
total
-
-
-
432
Employee
920
920
920
-
health
141
120
141
-
income

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

151
151
151
-
pensions
166
126
166
-
total
458
397
458
-
Employer
920
920
920
-
unemployment
33
33
33
-
pensions
64
64
64
-
health
64
64
64
-
total
161
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
619
558
619
432
After tax
381
442
381
568
Living cost
451
451
451
451
Free-cash
-70
-9
-70
117

Estimated living cost  is $451 per week

$320
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.
$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 Rotterdam model

Close
Stockholm , Sweden
$131
$122
$101
$119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
220
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
-
total
-
-
-
484
Employee
592
-
761
-
municipal
176
-
227
-
national
-
-
-
-
total
176
-
227
-
Employer
592
-
761
-
accident
1
-
2
-
other
69
-
88
-
unemployment
16
-
20
-
pensions
64
-
82
-
health
36
-
47
-
total
186
-
239
-
Corporate
222
1 000
-
-
income
49
220
-
-
total
49
220
-
-
Dividends
173
780
-
-
withholding
52
234
-
-
total
52
234
-
-
Income
1 000
1 000
1 000
1 000
Total tax
463
454
466
484
After tax
537
546
534
516
Living cost
415
415
415
415
Free-cash
122
131
119
101

Estimated living cost  is $415 per week

$275
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.
$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.
$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

Source of data for Stockholm model

Close
Hamburg , Germany
$79
$228
$215
$297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
trade
-
-
-
82
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.

-
-
-
195
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.

-
-
-
74
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.

-
-
-
11
total
-
-
-
362
Employee

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

547
-
1 000
-
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.

74
-
74
-
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
-
11
-
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.

47
-
195
-
total
124
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
453
1 000
-
-
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
68
150
-
-
trade
75
164
-
-
chamber of commerce
2
3
-
-
total
149
325
-
-
Dividends
305
674
-
-
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
72
164
-
-
total
76
173
-
-
Income
1 000
1 000
1 000
1 000
Total tax
349
498
280
362
After tax
651
502
720
638
Living cost
423
423
423
423
Free-cash
228
79
297
215

Estimated living cost  is $423 per week

$283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$382
$339
$370
$370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
98
health
-
-
-
26
social contributions
-
-
-
156
total
-
-
-
280
Employee
829
829
908
-
social contributions
40
69
75
-
health
8
14
15
-
income
87
77
98
-
total
135
160
188
-
Employer
829
829
908
-
social contributions
40
69
75
-
health
9
15
17
-
total
49
84
92
-
Corporate
466
87
-
-
income
58
11
-
-
total
58
11
-
-
Dividends
407
76
-
-
withholding
69
13
-
-
total
69
13
-
-
Income
1 000
1 000
1 000
1 000
Total tax
311
268
280
280
After tax
689
732
720
720
Living cost
350
350
350
350
Free-cash
339
382
370
370

Estimated living cost  is $350 per week

$239
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.
$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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$367
$372
$497
$383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
122
pensions
-
-
-
100
unemployment
-
-
-
15
health
-
-
-
70
total
-
-
-
307
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.

283
113
837
-
health
20
8
59
-
income
35
14
102
-
pensions
28
11
84
-
unemployment
4
2
13
-
total
87
35
258
-
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.

283
113
837
-
pensions
55
22
163
-
total
55
22
163
-
Corporate
661
865
-
-
income
60
78
-
-
total
60
78
-
-
Dividends
602
787
-
-
social contributions
116
152
-
-
withholding
114
150
-
-
total
230
302
-
-
Income
1 000
1 000
1 000
1 000
Total tax
432
437
421
307
After tax
568
563
579
693
Living cost
196
196
196
196
Free-cash
372
367
383
497

Estimated living cost  is $196 per week

$134
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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$540
$474
$276
$317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
134
pensions
-
-
-
200
health
-
-
-
130
total
-
-
-
464
Employee
306
-
747
-
income
34
-
144
-
pensions
6
-
15
-
unemployment
5
-
12
-
total
45
-
171
-
Employer
306
-
747
-
unemployment
2
-
6
-
pensions
61
-
149
-
health
40
-
97
-
total
103
-
252
-
Corporate
591
1 000
-
-
income
118
200
-
-
total
118
200
-
-
Dividends
473
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
266
200
423
464
After tax
734
800
577
536
Living cost
260
260
260
260
Free-cash
474
540
317
276

Estimated living cost  is $260 per week

$179
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.
$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 Tallinn model

Close
Gdansk , Poland
-$154
$44
$452
$277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
income
-
-
-
239
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
313
Employee
369
-
848
-
health
42
-
97
-
income
51
-
157
-
pensions
42
-
81
-
total
135
-
335
-
Employer
369
-
848
-
accident
6
-
14
-
unemployment
9
-
21
-
pensions
60
-
118
-
total
75
-
153
-
Corporate
555
1 000
-
-
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.

500
900
-
-
total
500
900
-
-
Dividends
56
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
721
919
488
313
After tax
279
81
512
687
Living cost
235
235
235
235
Free-cash
44
-154
277
452

Estimated living cost  is $235 per week

$172
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.
$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.
$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

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
$852
$833
$892
$702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 000
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
123
-
1 000
-
income
25
-
200
-
total
25
-
200
-
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%.

877
1 000
-
-
total
-
-
-
-
Dividends
877
1 000
-
-
withholding
44
50
-
-
total
44
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
69
50
200
10
After tax
931
950
800
990
Living cost
98
98
98
98
Free-cash
833
852
702
892

Estimated living cost  is $98 per week

$61
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.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$448
$376
$254
$300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
127
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.

-
-
-
240
other
-
-
-
48
health
-
-
-
44
total
-
-
-
459
Employee
391
-
799
-
health
5
-
11
-
income
67
-
137
-
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.

27
-
56
-
unemployment
4
-
8
-
total
103
-
212
-
Employer
391
-
799
-
accident
3
-
6
-
other
20
-
40
-
unemployment
4
-
8
-
pensions

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

67
-
136
-
health
5
-
11
-
total
99
-
201
-
Corporate
510
1 000
-
-
income
107
210
-
-
total
107
210
-
-
Dividends
403
790
-
-
withholding
28
55
-
-
total
28
55
-
-
Income
1 000
1 000
1 000
1 000
Total tax
337
265
413
459
After tax
663
735
587
541
Living cost
287
287
287
287
Free-cash
376
448
300
254

Estimated living cost  is $287 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$22
-$171
$9
-$98
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
192
pensions
-
-
-
72
total
-
-
-
264
Employee
1 029
-
882
-
health
17
-
14
-
income
186
-
157
-
pensions
99
-
82
-
total
302
-
253
-
Employer
1 029
-
882
-
pensions
122
-
101
-
health
20
-
17
-
total
142
-
118
-
Corporate
-
1 000
-
-
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.

-
190
-
-
total
-
190
-
-
Dividends
-
810
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
1 000
1 000
1 000
1 000
Total tax
444
251
371
264
After tax
556
749
629
736
Living cost
727
727
727
727
Free-cash
-171
22
-98
9

Estimated living cost  is $727 per week

$545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$714
$663
$608
$638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
150
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
251
Employee
187
-
926
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
93
-
pensions

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

16
-
33
-
total
46
-
147
-
Employer
187
-
926
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
776
1 000
-
-
income
78
100
-
-
total
78
100
-
-
Dividends
698
900
-
-
withholding
35
45
-
-
total
35
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
196
145
221
251
After tax
804
855
779
749
Living cost
141
141
141
141
Free-cash
663
714
638
608

Estimated living cost  is $141 per week

$83
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.
$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 Varna model

Close
Amsterdam , Netherlands
-$156
-$175
-$30
-$217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
181
pensions
-
-
-
126
health
-
-
-
125
total
-
-
-
432
Employee
999
920
920
-
health
125
120
141
-
income

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

151
151
151
-
pensions
126
126
166
-
total
402
397
458
-
Employer
999
920
920
-
unemployment
36
33
33
-
pensions
70
64
64
-
health
69
64
64
-
total
175
161
161
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
577
558
619
432
After tax
423
442
381
568
Living cost
598
598
598
598
Free-cash
-175
-156
-217
-30

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$430
$338
$229
$248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
86
health
-
-
-
135
solidarity contribution
-
-
-
-
social contributions
-
-
-
292
total
-
-
-
513
Employee
380
-
746
-
social contributions
25
-
49
-
health
51
-
101
-
solidarity contribution
-
-
-
-
income
46
-
90
-
total
122
-
240
-
Employer
380
-
746
-
social contributions
95
-
187
-
health
34
-
67
-
total
129
-
254
-
Corporate
491
1 000
-
-
income
93
190
-
-
total
93
190
-
-
Dividends
398
810
-
-
withholding
60
122
-
-
total
60
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
404
312
494
513
After tax
596
688
506
487
Living cost
258
258
258
258
Free-cash
338
430
248
229

Estimated living cost  is $258 per week

$179
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.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$79
$22
$64
$16
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
6
regional
-
-
-
11
national
-
-
-
207
social contributions
-
-
-
257
total
-
-
-
481
Employee
958
-
1 000
-
social contributions
323
-
337
-
regional
9
-
10
-
municipal
5
-
5
-
national
166
-
177
-
total
503
-
529
-
Employer
958
-
1 000
-
total
-
-
-
-
Corporate
42
1 000
-
-
nationa
10
240
-
-
municipal
2
39
-
-
total
12
279
-
-
Dividends
30
721
-
-
withholding
8
187
-
-
total
8
187
-
-
Income
1 000
1 000
1 000
1 000
Total tax
523
466
529
481
After tax
477
534
471
519
Living cost
455
455
455
455
Free-cash
22
79
16
64

Estimated living cost  is $455 per week

$317
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.
$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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$391
$357
$285
$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
-
-
-
1 000
income
-
-
-
183
pensions
-
-
-
200
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
71
surtax
-
-
-
21
total
-
-
-
477
Employee
356
-
826
-
other
-
-
-
-
health
9
-
21
-
surtax
1
-
19
-
income
60
-
170
-
pensions
24
-
55
-
unemployment
25
-
57
-
total
119
-
322
-
Employer
356
-
826
-
other
-
-
-
-
unemployment
11
-
26
-
pensions
48
-
110
-
health
16
-
38
-
total
75
-
174
-
Corporate
569
1 000
-
-
income
148
260
-
-
total
148
260
-
-
Dividends
421
740
-
-
withholding
63
111
-
-
total
63
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
405
371
496
477
After tax
595
629
504
523
Living cost
238
238
238
238
Free-cash
357
391
266
285

Estimated living cost  is $238 per week

$145
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$252
$166
$239
$132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
192
pensions
-
-
-
72
total
-
-
-
264
Employee
690
-
882
-
health
10
-
14
-
income
124
-
157
-
pensions
59
-
82
-
total
193
-
253
-
Employer
690
-
882
-
pensions
75
-
101
-
health
13
-
17
-
total
88
-
118
-
Corporate
223
1 000
-
-
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.

42
190
-
-
total
42
190
-
-
Dividends
180
810
-
-
withholding
14
61
-
-
total
14
61
-
-
Income
1 000
1 000
1 000
1 000
Total tax
337
251
371
264
After tax
663
749
629
736
Living cost
497
497
497
497
Free-cash
166
252
132
239

Estimated living cost  is $497 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$363
-$52
$15
-$35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
city
-
-
-
11
pensions
-
-
-
92
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.

-
-
-
20
regional
-
-
-
33
health
-
-
-
3
national
-
-
-
5
total
-
-
-
164
Employee
961
-
895
-
city
10
-
10
-
regional
31
-
28
-
health
2
-
2
-
pensions
81
-
75
-
unemployment
-
-
-
-
national
5
-
4
-
total
129
-
119
-
Employer
961
-
895
-
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.

19
-
18
-
unemployment
-
-
-
-
pensions
81
-
75
-
health
2
-
2
-
total
102
-
95
-
Corporate
-
1 000
-
-
regional
-
211
-
-
national
-
85
-
-
total
-
296
-
-
Dividends
-
704
-
-
withholding
-
246
-
-
total
-
246
-
-
Income
1 000
1 000
1 000
1 000
Total tax
231
542
214
164
After tax
769
458
786
836
Living cost
821
821
821
821
Free-cash
-52
-363
-35
15

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$2
$177
$140
$226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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.

-
-
-
195
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.

-
-
-
74
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.

-
-
-
11
total
-
-
-
366
Employee

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

648
-
1 000
-
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.

74
-
74
-
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
-
11
-
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.

76
-
195
-
total
154
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
352
1 000
-
-
surtax

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

3
8
-
-
income
53
150
-
-
trade
60
171
-
-
chamber of commerce
2
3
-
-
total
118
332
-
-
Dividends
234
667
-
-
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
9
-
-
withholding
54
163
-
-
total
57
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
329
504
280
366
After tax
671
496
720
634
Living cost
494
494
494
494
Free-cash
177
2
226
140

Estimated living cost  is $494 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$135
$199
$210
$205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
84
pensions
-
-
-
264
other
-
-
-
31
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
28
total
-
-
-
421
Employee
461
-
762
-
social contributions
13
-
22
-
surtax
-
-
-
-
income
27
-
81
-
pensions
52
-
86
-
total
92
-
189
-
Employer
461
-
762
-
other
16
-
26
-
social contributions
1
-
2
-
unemployment
19
-
31
-
pensions
76
-
125
-
health
32
-
53
-
total
144
-
237
-
Corporate
395
1 000
-
-
surtax
-
-
-
-
income
111
280
-
-
total
111
280
-
-
Dividends
284
720
-
-
surtax
-
-
-
-
social contributions
49
124
-
-
withholding
36
92
-
-
total
85
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
432
496
426
421
After tax
568
504
574
579
Living cost
369
369
369
369
Free-cash
199
135
205
210

Estimated living cost  is $369 per week

$232
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.
$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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$172
$231
$247
$242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
84
pensions
-
-
-
264
other
-
-
-
31
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
28
total
-
-
-
421
Employee
412
-
762
-
social contributions
12
-
22
-
surtax
-
-
-
-
income
21
-
81
-
pensions
47
-
86
-
total
80
-
189
-
Employer
412
-
762
-
other
14
-
26
-
social contributions
1
-
2
-
unemployment
17
-
31
-
pensions
68
-
125
-
health
29
-
53
-
total
129
-
237
-
Corporate
460
1 000
-
-
surtax
-
-
-
-
income
129
280
-
-
total
129
280
-
-
Dividends
331
720
-
-
surtax
-
-
-
-
social contributions
57
124
-
-
withholding
42
92
-
-
total
99
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
437
496
426
421
After tax
563
504
574
579
Living cost
332
332
332
332
Free-cash
231
172
242
247

Estimated living cost  is $332 per week

$193
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$382
$387
$413
$419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
150
health
-
-
-
70
social contributions
-
-
-
138
total
-
-
-
358
Employee
365
-
1 000
-
social contributions
50
-
138
-
health
26
-
70
-
income
61
-
144
-
total
137
-
352
-
Employer
365
-
1 000
-
total
-
-
-
-
Corporate
635
1 000
-
-
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%.

32
50
-
-
total
32
50
-
-
Dividends
603
950
-
-
health
42
66
-
-
social contributions
83
131
-
-
withholding
90
142
-
-
total
215
339
-
-
Income
1 000
1 000
1 000
1 000
Total tax
384
389
352
358
After tax
616
611
648
642
Living cost
229
229
229
229
Free-cash
387
382
419
413

Estimated living cost  is $229 per week

$153
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.
$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 Vilnius model

Close
Vienna , Austria
$181
$166
$133
-$65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
chamber of commerce
-
-
-
4
income
-
-
-
154
pensions
-
-
-
185
unemployment
-
-
-
66
health
-
-
-
76
surtax
-
-
-
2
total
-
-
-
487
Employee
539
429
775
-
other
5
4
8
-
health
21
17
30
-
income
61
32
138
-
pensions
55
44
79
-
unemployment
16
13
23
-
total
158
110
278
-
Employer
539
429
775
-
accident
7
6
10
-
other
26
20
37
-
chamber of commerce
2
2
3
-
unemployment
16
13
23
-
surtax
2
2
2
-
pensions
68
54
97
-
payroll
16
13
23
-
health
20
16
29
-
total
157
126
224
-
Corporate
304
445
734
-
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.

76
111
183
-
total
76
111
183
-
Dividends
228
334
-
-
withholding
63
92
-
-
total
63
92
-
-
Income
1 000
1 000
1 000
1 000
Total tax
454
439
685
487
After tax
546
561
315
513
Living cost
380
380
380
380
Free-cash
166
181
-65
133

Estimated living cost  is $380 per week

$253
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.
$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

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
$168
$5
$86
$2
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
318
communal

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

-
-
-
51
social contributions
-
-
-
152
total
-
-
-
521
Employee

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

771
-
775
-
communal

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

40
-
40
-
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.

36
-
36
-
pensions

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

58
-
58
-
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.

7
-
7
-
national
237
-
238
-
total
378
-
379
-
Employer

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

771
-
775
-
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.

10
-
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.

11
-
11
-
surtax
87
-
88
-
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.

68
-
69
-
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.

47
-
48
-
total
223
-
226
-
Corporate
5
1 000
-
-
surtax
-
4
-
-
income
1
200
-
-
total
1
204
-
-
Dividends
4
796
-
-
withholding

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

-
235
-
-
total
-
235
-
-
Income
1 000
1 000
1 000
1 000
Total tax
602
439
605
521
After tax
398
561
395
479
Living cost
393
393
393
393
Free-cash
5
168
2
86

Estimated living cost  is $393 per week

$253
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$285
$198
$138
$144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
9
income
-
-
-
173
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
473
Employee
536
-
758
-
other
1
-
1
-
income
113
-
176
-
pensions
25
-
36
-
unemployment
8
-
12
-
total
147
-
225
-
Employer
536
-
758
-
accident
11
-
15
-
other
4
-
6
-
unemployment
30
-
42
-
pensions
127
-
179
-
total
172
-
242
-
Corporate
293
1 000
-
-
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.

44
150
-
-
total
44
150
-
-
Dividends
249
850
-
-
withholding
50
176
-
-
total
50
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
413
326
467
473
After tax
587
674
533
527
Living cost
389
389
389
389
Free-cash
198
285
144
138

Estimated living cost  is $389 per week

$287
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.
$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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$29
-$41
-$4
$43
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
8
income
-
-
-
77
pensions
-
-
-
150
health
-
-
-
70
surtax
-
-
-
50
communal
-
-
-
63
total
-
-
-
418
Employee
816
-
893
-
health
36
-
40
-
surtax
50
-
55
-
income
79
-
99
-
pensions
65
-
71
-
total
230
-
265
-
Employer
816
-
893
-
accident
7
-
8
-
pensions
65
-
71
-
health
25
-
27
-
total
97
-
106
-
Corporate
86
1 000
-
-
surtax
1
10
-
-
communal
-
67
-
-
income
13
150
-
-
total
14
227
-
-
Dividends
72
772
-
-
income
103
42
-
-
withholding
11
116
-
-
total
114
158
-
-
Income
1 000
1 000
1 000
1 000
Total tax
455
385
371
418
After tax
545
615
629
582
Living cost
586
586
586
586
Free-cash
-41
29
43
-4

Estimated living cost  is $586 per week

$439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$387
$353
$281
$262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
183
pensions
-
-
-
200
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
71
surtax
-
-
-
21
total
-
-
-
477
Employee
363
-
826
-
other
-
-
-
-
health
9
-
21
-
surtax
1
-
19
-
income
61
-
170
-
pensions
24
-
55
-
unemployment
25
-
57
-
total
120
-
322
-
Employer
363
-
826
-
other
-
-
-
-
unemployment
12
-
26
-
pensions
48
-
110
-
health
17
-
38
-
total
77
-
174
-
Corporate
561
1 000
-
-
income
146
260
-
-
total
146
260
-
-
Dividends
415
740
-
-
withholding
62
111
-
-
total
62
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
405
371
496
477
After tax
595
629
504
523
Living cost
242
242
242
242
Free-cash
353
387
262
281

Estimated living cost  is $242 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$235
$211
$225
$178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
6
regional
-
-
-
15
national
-
-
-
207
social contributions
-
-
-
257
total
-
-
-
485
Employee
598
-
1 000
-
social contributions
202
-
337
-
regional
8
-
13
-
municipal
3
-
5
-
national
95
-
177
-
total
308
-
532
-
Employer
598
-
1 000
-
total
-
-
-
-
Corporate
402
1 000
-
-
nationa
97
240
-
-
municipal
20
50
-
-
total
117
290
-
-
Dividends
286
710
-
-
withholding
74
185
-
-
total
74
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
499
475
532
485
After tax
501
525
468
515
Living cost
290
290
290
290
Free-cash
211
235
178
225

Estimated living cost  is $290 per week

$181
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.
$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 Naples model

Close
Prague , Czech Republic
$370
$258
$169
$188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
86
health
-
-
-
135
solidarity contribution
-
-
-
-
social contributions
-
-
-
292
total
-
-
-
513
Employee
468
-
746
-
social contributions
30
-
49
-
health
63
-
101
-
solidarity contribution
-
-
-
-
income
56
-
90
-
total
149
-
240
-
Employer
468
-
746
-
social contributions
117
-
187
-
health
42
-
67
-
total
159
-
254
-
Corporate
373
1 000
-
-
income
71
190
-
-
total
71
190
-
-
Dividends
302
810
-
-
withholding
45
122
-
-
total
45
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
424
312
494
513
After tax
576
688
506
487
Living cost
318
318
318
318
Free-cash
258
370
188
169

Estimated living cost  is $318 per week

$237
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.
$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.
$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 Prague model

Close
Graz , Austria
$218
$215
$171
-$29
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
chamber of commerce
-
-
-
4
income
-
-
-
154
pensions
-
-
-
185
unemployment
-
-
-
66
health
-
-
-
76
surtax
-
-
-
-
total
-
-
-
485
Employee
471
429
776
-
other
5
4
8
-
health
18
17
30
-
income
42
32
138
-
pensions
48
44
80
-
unemployment
14
13
23
-
total
127
110
279
-
Employer
471
429
776
-
accident
6
6
10
-
other
22
20
37
-
chamber of commerce
2
2
3
-
unemployment
14
13
23
-
surtax
-
-
-
-
pensions
59
54
97
-
payroll
14
13
23
-
health
18
16
29
-
total
135
124
222
-
Corporate
393
447
736
-
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
112
184
-
total
98
112
184
-
Dividends
295
335
-
-
withholding
81
92
-
-
total
81
92
-
-
Income
1 000
1 000
1 000
1 000
Total tax
441
438
685
485
After tax
559
562
315
515
Living cost
344
344
344
344
Free-cash
215
218
-29
171

Estimated living cost  is $344 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$797
$769
$837
$647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
1 000
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
192
-
1 000
-
income
38
-
200
-
total
38
-
200
-
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%.

808
1 000
-
-
total
-
-
-
-
Dividends
808
1 000
-
-
withholding
40
50
-
-
total
40
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
78
50
200
10
After tax
922
950
800
990
Living cost
153
153
153
153
Free-cash
769
797
647
837

Estimated living cost  is $153 per week

$104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$399
$309
$232
$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

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.

-
-
-
1 000
income
-
-
-
197
pensions
-
-
-
183
unemployment
-
-
-
1
health
-
-
-
98
total
-
-
-
479
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.

477
-
865
-
health
31
-
56
-
income
82
-
182
-
pensions
74
-
134
-
unemployment
1
-
1
-
total
188
-
373
-
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.

477
-
865
-
unemployment
-
-
1
-
pensions
42
-
77
-
health
32
-
58
-
total
74
-
136
-
Corporate
449
1 000
-
-
income
85
190
-
-
total
85
190
-
-
Dividends
364
810
-
-
withholding
55
122
-
-
total
55
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
402
312
509
479
After tax
598
688
491
521
Living cost
289
289
289
289
Free-cash
309
399
202
232

Estimated living cost  is $289 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
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 Ljubljana model

Close
Oslo , Norway
$141
-$615
$224
$390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
195
social contributions
-
-
-
114
total
-
-
-
309
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
-
1 000
-
-
income
-
220
-
-
total
-
220
-
-
Dividends
-
780
-
-
income
-
172
-
-
total
-
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 148
392
143
309
After tax
-148
608
857
691
Living cost
467
467
467
467
Free-cash
-615
141
390
224

Estimated living cost  is $467 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$231
$219
$224
$176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
90
surtax
-
-
-
-
social contributions

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

-
-
-
348
total
-
-
-
438
Employee
496
-
808
-
social contributions
55
-
89
-
surtax
-
-
-
-
income
103
-
205
-
total
158
-
294
-
Employer
496
-
808
-
social contributions
118
-
192
-
total
118
-
192
-
Corporate
387
1 000
-
-
surtax
-
-
-
-
income
81
210
-
-
total
81
210
-
-
Dividends
305
790
-
-
withholding
86
221
-
-
total
86
221
-
-
Income
1 000
1 000
1 000
1 000
Total tax
443
431
486
438
After tax
557
569
514
562
Living cost
338
338
338
338
Free-cash
219
231
176
224

Estimated living cost  is $338 per week

$253
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.
$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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$17
$58
$58
$53
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
84
pensions
-
-
-
264
other
-
-
-
31
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
28
total
-
-
-
421
Employee
675
-
762
-
social contributions
19
-
22
-
surtax
-
-
-
-
income
59
-
81
-
pensions
76
-
86
-
total
154
-
189
-
Employer
675
-
762
-
other
23
-
26
-
social contributions
2
-
2
-
unemployment
27
-
31
-
pensions
111
-
125
-
health
47
-
53
-
total
210
-
237
-
Corporate
114
1 000
-
-
surtax
-
-
-
-
income
32
280
-
-
total
32
280
-
-
Dividends
82
720
-
-
surtax
-
-
-
-
social contributions
14
124
-
-
withholding
11
92
-
-
total
25
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
421
496
426
421
After tax
579
504
574
579
Living cost
521
521
521
521
Free-cash
58
-17
53
58

Estimated living cost  is $521 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$576
$539
$442
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
14
social contributions
-
-
-
220
total
-
-
-
234
Employee
346
-
866
-
income
-
-
16
-
social contributions
23
-
56
-
total
23
-
72
-
Employer
346
-
866
-
social contributions
54
-
134
-
total
54
-
134
-
Corporate
600
1 000
-
-
income
60
100
-
-
total
60
100
-
-
Dividends
540
900
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
137
100
206
234
After tax
863
900
794
766
Living cost
324
324
324
324
Free-cash
539
576
470
442

Estimated living cost  is $324 per week

$209
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.
$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

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
-$1348
-$1348
$106
-$1348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
182
pensions
-
-
-
9
national
-
-
-
105
labour market
-
-
-
79
total
-
-
-
375
Employee
2 191
2 191
2 191
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 191
2 191
2 191
-
labour market
175
175
175
-
municipal
467
467
467
-
pensions
6
6
6
-
national
268
268
268
-
total
916
916
916
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 829
1 829
1 829
375
After tax
-829
-829
-829
625
Living cost
519
519
519
519
Free-cash
-1 348
-1 348
-1 348
106

Estimated living cost  is $519 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$150
$45
$456
$281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
income
-
-
-
239
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
313
Employee
364
-
848
-
health
42
-
97
-
income
50
-
157
-
pensions
41
-
81
-
total
133
-
335
-
Employer
364
-
848
-
accident
6
-
14
-
unemployment
9
-
21
-
pensions
59
-
118
-
total
74
-
153
-
Corporate
562
1 000
-
-
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.

506
900
-
-
total
506
900
-
-
Dividends
56
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
724
919
488
313
After tax
276
81
512
687
Living cost
231
231
231
231
Free-cash
45
-150
281
456

Estimated living cost  is $231 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$257
$226
$305
$164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
municipal
-
-
-
178
health
-
-
-
11
national
-
-
-
92
total
-
-
-
281
Employee
567
-
841
-
health
4
-
8
-
municipal
93
-
137
-
pensions
38
-
57
-
unemployment
9
-
13
-
national
9
-
49
-
total
153
-
264
-
Employer
567
-
841
-
accident
1
-
1
-
unemployment
4
-
5
-
pensions
98
-
146
-
health
4
-
6
-
total
107
-
158
-
Corporate
326
1 000
-
-
income
65
200
-
-
total
65
200
-
-
Dividends

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

196
600
-
-
national
-
21
-
-
municipal
35
108
-
-
total
35
129
-
-
Income
1 000
1 000
1 000
1 000
Total tax
360
329
422
281
After tax
640
671
578
719
Living cost
414
414
414
414
Free-cash
226
257
164
305

Estimated living cost  is $414 per week

$270
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.
$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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$482
$425
$470
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
98
health
-
-
-
26
social contributions
-
-
-
156
total
-
-
-
280
Employee
829
829
908
-
social contributions
31
69
75
-
health
6
14
15
-
income
90
77
98
-
total
127
160
188
-
Employer
829
829
908
-
social contributions
31
69
75
-
health
7
15
17
-
total
38
84
92
-
Corporate
584
87
-
-
income
73
11
-
-
total
73
11
-
-
Dividends
511
76
-
-
withholding
87
13
-
-
total
87
13
-
-
Income
1 000
1 000
1 000
1 000
Total tax
325
268
280
280
After tax
675
732
720
720
Living cost
250
250
250
250
Free-cash
425
482
470
470

Estimated living cost  is $250 per week

$150
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.
$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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$657
$602
$627
$445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 000
income
-
-
-
94
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
202
Employee

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

247
-
907
-
health
21
-
77
-
income
17
-
72
-
pensions
37
-
136
-
unemployment
1
-
5
-
total
76
-
290
-
Employer

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

247
-
907
-
unemployment
1
-
5
-
pensions
14
-
50
-
health
11
-
39
-
total
26
-
94
-
Corporate
727
1 000
-
-
income
65
90
-
-
total
65
90
-
-
Dividends
662
910
-
-
withholding
60
82
-
-
total
60
82
-
-
Income
1 000
1 000
1 000
1 000
Total tax
227
172
384
202
After tax
773
828
616
798
Living cost
171
171
171
171
Free-cash
602
657
445
627

Estimated living cost  is $171 per week

$109
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.
$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.
$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 Podgorica model

Close
Valencia , Spain
$378
$322
$231
$237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
9
income
-
-
-
173
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
473
Employee
399
-
758
-
other
-
-
1
-
income
77
-
176
-
pensions
19
-
36
-
unemployment
6
-
12
-
total
102
-
225
-
Employer
399
-
758
-
accident
8
-
15
-
other
3
-
6
-
unemployment
22
-
42
-
pensions
94
-
179
-
total
127
-
242
-
Corporate
474
1 000
-
-
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.

71
150
-
-
total
71
150
-
-
Dividends
403
850
-
-
withholding
82
176
-
-
total
82
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
382
326
467
473
After tax
618
674
533
527
Living cost
296
296
296
296
Free-cash
322
378
237
231

Estimated living cost  is $296 per week

$200
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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$594
$590
$602
$601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
330
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
368
Employee
45
-
976
-
health
2
-
5
-
income
9
-
329
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
345
-
Employer
45
-
976
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
945
1 000
-
-
income
208
220
-
-
total
208
220
-
-
Dividends
737
780
-
-
withholding
147
156
-
-
total
147
156
-
-
Income
1 000
1 000
1 000
1 000
Total tax
380
376
369
368
After tax
620
624
631
632
Living cost
30
30
30
30
Free-cash
590
594
601
602

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$537
$485
$334
$333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
179
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
480
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.

281
-
857
-
health
14
-
41
-
income
39
-
179
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
338
-
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.

281
-
857
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
668
1 000
-
-
income
100
150
-
-
total
100
150
-
-
Dividends
568
850
-
-
withholding
85
127
-
-
total
85
127
-
-
Income
1 000
1 000
1 000
1 000
Total tax
329
277
481
480
After tax
671
723
519
520
Living cost
186
186
186
186
Free-cash
485
537
333
334

Estimated living cost  is $186 per week

$126
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.
$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.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$278
$274
$271
$223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
90
surtax
-
-
-
-
social contributions

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

-
-
-
348
total
-
-
-
438
Employee
418
-
808
-
social contributions
46
-
89
-
surtax
-
-
-
-
income
82
-
205
-
total
128
-
294
-
Employer
418
-
808
-
social contributions
99
-
192
-
total
99
-
192
-
Corporate
482
1 000
-
-
surtax
-
-
-
-
income
101
210
-
-
total
101
210
-
-
Dividends
381
790
-
-
withholding
107
221
-
-
total
107
221
-
-
Income
1 000
1 000
1 000
1 000
Total tax
435
431
486
438
After tax
565
569
514
562
Living cost
291
291
291
291
Free-cash
274
278
223
271

Estimated living cost  is $291 per week

$206
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$295
$212
$148
$154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
9
income
-
-
-
173
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
473
Employee
521
-
758
-
other
1
-
1
-
income
109
-
176
-
pensions
24
-
36
-
unemployment
8
-
12
-
total
142
-
225
-
Employer
521
-
758
-
accident
10
-
15
-
other
4
-
6
-
unemployment
29
-
42
-
pensions
123
-
179
-
total
166
-
242
-
Corporate
314
1 000
-
-
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.

47
150
-
-
total
47
150
-
-
Dividends
267
850
-
-
withholding
54
176
-
-
total
54
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
409
326
467
473
After tax
591
674
533
527
Living cost
379
379
379
379
Free-cash
212
295
154
148

Estimated living cost  is $379 per week

$272
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.
$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

Source of data for Madrid model

Close
Sofia , Bulgaria
$669
$602
$563
$593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
150
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
251
Employee
246
-
926
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
93
-
pensions

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

22
-
33
-
total
61
-
147
-
Employer
246
-
926
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
706
1 000
-
-
income
71
100
-
-
total
71
100
-
-
Dividends
636
900
-
-
withholding
32
45
-
-
total
32
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
212
145
221
251
After tax
788
855
779
749
Living cost
186
186
186
186
Free-cash
602
669
593
563

Estimated living cost  is $186 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.
$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 Sofia model

Close
Berlin , Germany
$101
$241
$232
$304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
trade
-
-
-
72
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.

-
-
-
195
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.

-
-
-
74
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.

-
-
-
11
total
-
-
-
352
Employee

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

536
-
1 000
-
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.

74
-
74
-
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
-
11
-
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.

44
-
195
-
total
120
-
280
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
464
1 000
-
-
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
70
150
-
-
trade
67
143
-
-
chamber of commerce
2
3
-
-
total
143
304
-
-
Dividends
322
695
-
-
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
76
170
-
-
total
80
179
-
-
Income
1 000
1 000
1 000
1 000
Total tax
343
483
280
352
After tax
657
517
720
648
Living cost
416
416
416
416
Free-cash
241
101
304
232

Estimated living cost  is $416 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
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

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
$86
$110
$77
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
222
social contributions
-
-
-
87
total
-
-
-
309
Employee
843
-
1 000
-
income
159
-
222
-
social contributions
70
-
87
-
total
229
-
309
-
Employer
843
-
1 000
-
total
-
-
-
-
Corporate
157
1 000
-
-
income
20
125
-
-
total
20
125
-
-
Dividends
137
875
-
-
withholding
27
175
-
-
total
27
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
276
300
309
309
After tax
724
700
691
691
Living cost
614
614
614
614
Free-cash
110
86
77
77

Estimated living cost  is $614 per week

$467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$202
$251
$230
$341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
307
health

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

-
-
-
72
total
-
-
-
379
Employee
494
-
950
-
income
54
-
168
-
social contributions
50
-
50
-
total
104
-
218
-
Employer
494
-
950
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
456
1 000
-
-
income
160
350
-
-
total
160
350
-
-
Dividends
296
650
-
-
social contributions
44
57
-
-
total
44
57
-
-
Income
1 000
1 000
1 000
1 000
Total tax
358
407
268
379
After tax
642
593
732
621
Living cost
391
391
391
391
Free-cash
251
202
341
230

Estimated living cost  is $391 per week

$258
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$345
$284
$332
$225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
192
pensions
-
-
-
72
total
-
-
-
264
Employee
554
-
882
-
health
7
-
14
-
income
101
-
157
-
pensions
42
-
82
-
total
150
-
253
-
Employer
554
-
882
-
pensions
56
-
101
-
health
11
-
17
-
total
67
-
118
-
Corporate
379
1 000
-
-
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.

72
190
-
-
total
72
190
-
-
Dividends
307
810
-
-
withholding
23
61
-
-
total
23
61
-
-
Income
1 000
1 000
1 000
1 000
Total tax
312
251
371
264
After tax
688
749
629
736
Living cost
404
404
404
404
Free-cash
284
345
225
332

Estimated living cost  is $404 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$173
$41
$433
$258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
income
-
-
-
239
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
313
Employee
400
-
848
-
health
46
-
97
-
income
55
-
157
-
pensions
45
-
81
-
total
146
-
335
-
Employer
400
-
848
-
accident
7
-
14
-
unemployment
10
-
21
-
pensions
65
-
118
-
total
82
-
153
-
Corporate
519
1 000
-
-
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.

467
900
-
-
total
467
900
-
-
Dividends
52
100
-
-
withholding
10
19
-
-
total
10
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
705
919
488
313
After tax
295
81
512
687
Living cost
254
254
254
254
Free-cash
41
-173
258
433

Estimated living cost  is $254 per week

$187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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

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Skopje , Macedonia
$696
$652
$428
$466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
work injury
-
-
-
5
health insurance
-
-
-
74
income
-
-
-
151
pensions
-
-
-
184
unemployment
-
-
-
12
total
-
-
-
426
Employee

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

233
-
1 000
-
work injury
1
-
4
-
income
23
-
151
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
388
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
767
1 000
-
-
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
767
990
-
-
withholding
115
148
-
-
total
115
148
-
-
Income
1 000
1 000
1 000
1 000
Total tax
202
158
388
426
After tax
798
842
612
574
Living cost
146
146
146
146
Free-cash
652
696
466
428

Estimated living cost  is $146 per week

$90
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.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
$98
$50
$81
$35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
7
regional
-
-
-
19
national
-
-
-
207
social contributions
-
-
-
257
total
-
-
-
490
Employee
908
-
1 000
-
social contributions
306
-
337
-
regional
14
-
16
-
municipal
5
-
6
-
national
153
-
177
-
total
478
-
536
-
Employer
908
-
1 000
-
total
-
-
-
-
Corporate
92
1 000
-
-
nationa
22
240
-
-
municipal
4
48
-
-
total
26
288
-
-
Dividends
65
712
-
-
withholding
17
185
-
-
total
17
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
521
473
536
490
After tax
479
527
464
510
Living cost
429
429
429
429
Free-cash
50
98
35
81

Estimated living cost  is $429 per week

$302
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.
$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.
$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 Rome model

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