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
$ 1050
per

Your estimated
City
free-cash

Dresden , Germany
$170
$401
$323
$301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
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.

-
-
-
194
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
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.

-
-
-
82
trade
-
-
-
78
total
-
-
-
365
Employee

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

457
-
1 050
-
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.

13
-
194
-
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.

82
-
82
-
total
96
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
593
1 050
-
-
income
89
157
-
-
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
-
-
chamber of commerce
3
3
-
-
trade
93
165
-
-
total
190
334
-
-
Dividends
403
715
-
-
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
10
-
-
withholding
96
174
-
-
total
101
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
387
518
287
365
After tax
663
532
763
685
Living cost
362
362
362
362
Free-cash
301
170
401
323

Estimated living cost  is $362 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$22
$15
$7
-$20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
11
municipal
-
-
-
107
national
-
-
-
166
pensions
-
-
-
126
total
-
-
-
410
Employee
981
-
908
-
municipal
121
-
111
-
pensions
39
-
36
-
national
188
-
172
-
total
348
-
319
-
Employer
981
-
908
-
pensions
78
-
73
-
social contributions
11
-
10
-
total
89
-
83
-
Corporate
-
1 050
-
-
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%.

-
210
-
-
total
-
210
-
-
Dividends
-
840
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
437
395
402
410
After tax
613
655
648
640
Living cost
633
633
633
633
Free-cash
-20
22
15
7

Estimated living cost  is $633 per week

$430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$591
$344
$313
$494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 050
income
-
-
-
150
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.

-
-
-
338
microenterprise
-
-
-
-
total
-
-
-
488
Employee
349
-
846
-
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.

38
-
93
-
income
62
-
160
-
total
100
-
253
-
Employer
349
-
846
-
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.

84
-
204
-
surtax
-
-
-
-
total
84
-
204
-
Corporate
617
1 050
-
-
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%.

123
210
-
-
total
123
210
-
-
Dividends

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

493
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
307
210
457
488
After tax
743
840
593
562
Living cost
249
249
249
249
Free-cash
494
591
344
313

Estimated living cost  is $249 per week

$159
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.
$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 Riga model

Close
Rotterdam , Netherlands
-$69
-$137
$97
-$137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
178
health
-
-
-
135
pensions
-
-
-
140
total
-
-
-
453
Employee
1 020
1 020
1 020
-
pensions
184
140
184
-
income

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

167
167
167
-
health
157
133
157
-
total
508
440
508
-
Employer
1 020
1 020
1 020
-
health
71
71
71
-
pensions
71
71
71
-
unemployment
37
37
37
-
total
179
179
179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
687
619
687
453
After tax
363
431
363
597
Living cost
500
500
500
500
Free-cash
-137
-69
-137
97

Estimated living cost  is $500 per week

$355
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.
$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.
$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 Rotterdam model

Close
Stockholm , Sweden
$85
$73
$35
$75
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
2
other
-
-
-
122
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
222
national
-
-
-
-
pensions
-
-
-
114
total
-
-
-
527
Employee
695
-
799
-
municipal
207
-
238
-
national
-
-
-
-
total
207
-
238
-
Employer
695
-
799
-
health
43
-
49
-
pensions
75
-
86
-
accident
1
-
2
-
unemployment
18
-
21
-
other
81
-
93
-
total
218
-
251
-
Corporate
137
1 050
-
-
income
30
231
-
-
total
30
231
-
-
Dividends
107
819
-
-
withholding
32
246
-
-
total
32
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
487
477
489
527
After tax
563
573
561
523
Living cost
488
488
488
488
Free-cash
75
85
73
35

Estimated living cost  is $488 per week

$323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$58
$294
$213
$224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
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.

-
-
-
194
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
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.

-
-
-
82
trade
-
-
-
81
total
-
-
-
368
Employee

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

606
-
1 050
-
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.

52
-
194
-
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.

82
-
82
-
total
137
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
444
1 050
-
-
income
67
157
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
73
173
-
-
total
146
342
-
-
Dividends
298
708
-
-
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
70
172
-
-
total
74
181
-
-
Income
1 050
1 050
1 050
1 050
Total tax
357
523
287
368
After tax
693
527
763
682
Living cost
469
469
469
469
Free-cash
224
58
294
213

Estimated living cost  is $469 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$377
$377
$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
-
-
-
1 050
income
-
-
-
95
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
286
Employee
919
919
953
-
social contributions
45
76
79
-
income
96
85
94
-
health
9
16
16
-
total
150
177
189
-
Employer
919
919
953
-
health
10
17
18
-
social contributions
45
76
79
-
total
55
93
97
-
Corporate
458
38
-
-
income
57
5
-
-
total
57
5
-
-
Dividends
400
33
-
-
withholding
68
6
-
-
total
68
6
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
281
286
286
After tax
720
769
764
764
Living cost
387
387
387
387
Free-cash
333
382
377
377

Estimated living cost  is $387 per week

$265
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$372
$389
$508
$376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
128
unemployment
-
-
-
16
health
-
-
-
73
pensions
-
-
-
105
total
-
-
-
322
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.

317
126
879
-
unemployment
5
2
13
-
pensions
32
13
88
-
income
39
15
107
-
health
22
9
62
-
total
98
39
270
-
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.

317
126
879
-
pensions
62
25
171
-
total
62
25
171
-
Corporate
671
899
-
-
income
60
81
-
-
total
60
81
-
-
Dividends
611
818
-
-
social contributions
118
158
-
-
withholding
116
155
-
-
total
234
313
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
458
441
322
After tax
596
592
609
728
Living cost
220
220
220
220
Free-cash
376
372
389
508

Estimated living cost  is $220 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$551
$316
$274
$477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
141
health
-
-
-
136
pensions
-
-
-
210
total
-
-
-
487
Employee
339
-
785
-
unemployment
5
-
13
-
pensions
7
-
16
-
income
38
-
151
-
total
50
-
180
-
Employer
339
-
785
-
health
44
-
102
-
pensions
68
-
157
-
unemployment
3
-
6
-
total
115
-
265
-
Corporate
597
1 050
-
-
income
119
210
-
-
total
119
210
-
-
Dividends
477
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
284
210
445
487
After tax
766
840
605
563
Living cost
289
289
289
289
Free-cash
477
551
316
274

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.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$181
$266
$457
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
244
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
327
Employee
418
-
881
-
pensions
47
-
92
-
income
57
-
155
-
health
48
-
101
-
total
152
-
348
-
Employer
418
-
881
-
pensions
68
-
133
-
accident
7
-
15
-
unemployment
10
-
22
-
total
85
-
170
-
Corporate
547
1 050
-
-
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.

492
945
-
-
total
492
945
-
-
Dividends
55
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
739
965
518
327
After tax
311
85
532
723
Living cost
266
266
266
266
Free-cash
45
-181
266
457

Estimated living cost  is $266 per week

$195
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.
$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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$901
$743
$942
$883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
121
-
1 050
-
income
24
-
210
-
total
24
-
210
-
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%.

929
1 050
-
-
total
-
-
-
-
Dividends
929
1 050
-
-
withholding
46
52
-
-
total
46
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
70
52
210
11
After tax
980
998
840
1 039
Living cost
97
97
97
97
Free-cash
883
901
743
942

Estimated living cost  is $97 per week

$60
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.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$454
$297
$251
$374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
133
other
-
-
-
50
health
-
-
-
46
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.

-
-
-
252
total
-
-
-
481
Employee
434
-
839
-
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.

30
-
59
-
income
75
-
144
-
health
6
-
12
-
total
115
-
223
-
Employer
434
-
839
-
health
6
-
12
-
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.

74
-
143
-
accident
3
-
7
-
unemployment
4
-
8
-
other
22
-
42
-
total
109
-
212
-
Corporate
507
1 050
-
-
income
106
220
-
-
total
106
220
-
-
Dividends
400
830
-
-
withholding
28
58
-
-
total
28
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
358
278
435
481
After tax
692
772
615
569
Living cost
318
318
318
318
Free-cash
374
454
297
251

Estimated living cost  is $318 per week

$225
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.
$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 Bratislava model

Close
London , United Kingdom
-$5
-$130
-$11
-$222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
1 120
-
927
-
pensions
108
-
85
-
income
202
-
166
-
health
18
-
14
-
total
328
-
265
-
Employer
1 120
-
927
-
health
21
-
18
-
pensions
132
-
106
-
total
153
-
124
-
Corporate
-
1 050
-
-
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.

-
200
-
-
total
-
200
-
-
Dividends
-
850
-
-
withholding
-
64
-
-
total
-
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
481
264
389
270
After tax
569
786
661
780
Living cost
791
791
791
791
Free-cash
-222
-5
-130
-11

Estimated living cost  is $791 per week

$593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
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

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
$741
$652
$623
$686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
158
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
270
Employee
207
-
968
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
97
-
health
10
-
19
-
total
51
-
158
-
Employer
207
-
968
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
802
1 050
-
-
income
80
105
-
-
total
80
105
-
-
Dividends
722
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
207
152
241
270
After tax
843
898
809
780
Living cost
157
157
157
157
Free-cash
686
741
652
623

Estimated living cost  is $157 per week

$91
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.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$231
-$299
-$65
-$251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
178
health
-
-
-
135
pensions
-
-
-
140
total
-
-
-
453
Employee
1 108
1 020
1 020
-
pensions
140
140
184
-
income

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

167
167
167
-
health
138
133
157
-
total
445
440
508
-
Employer
1 108
1 020
1 020
-
health
77
71
71
-
pensions
77
71
71
-
unemployment
40
37
37
-
total
194
179
179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
639
619
687
453
After tax
411
431
363
597
Living cost
662
662
662
662
Free-cash
-251
-231
-299
-65

Estimated living cost  is $662 per week

$489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$426
$235
$214
$322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
social contributions
-
-
-
307
solidarity contribution
-
-
-
-
health
-
-
-
142
total
-
-
-
539
Employee
437
-
784
-
solidarity contribution
-
-
-
-
social contributions
28
-
51
-
income
52
-
94
-
health
59
-
106
-
total
139
-
251
-
Employer
437
-
784
-
health
39
-
71
-
social contributions
109
-
196
-
total
148
-
267
-
Corporate
465
1 050
-
-
income
88
199
-
-
total
88
199
-
-
Dividends
376
851
-
-
withholding
56
128
-
-
total
56
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
431
327
518
539
After tax
619
723
532
511
Living cost
297
297
297
297
Free-cash
322
426
235
214

Estimated living cost  is $297 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$56
-$5
$46
-$12
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
270
regional
-
-
-
11
municipal
-
-
-
6
national
-
-
-
213
total
-
-
-
500
Employee
1 062
-
1 050
-
municipal
6
-
6
-
national
184
-
181
-
regional
10
-
10
-
social contributions
358
-
354
-
total
558
-
551
-
Employer
1 062
-
1 050
-
total
-
-
-
-
Corporate
-
1 050
-
-
municipal
-
41
-
-
nationa
-
252
-
-
total
-
293
-
-
Dividends
-
757
-
-
withholding
-
197
-
-
total
-
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
558
490
551
500
After tax
492
560
499
550
Living cost
504
504
504
504
Free-cash
-12
56
-5
46

Estimated living cost  is $504 per week

$351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$396
$272
$290
$360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
187
other
-
-
-
-
surtax
-
-
-
21
unemployment
-
-
-
3
health
-
-
-
75
pensions
-
-
-
210
total
-
-
-
496
Employee
395
-
867
-
other
-
-
-
-
unemployment
27
-
60
-
pensions
26
-
58
-
surtax
1
-
18
-
income
66
-
174
-
health
10
-
22
-
total
130
-
332
-
Employer
395
-
867
-
health
18
-
39
-
pensions
53
-
116
-
unemployment
13
-
27
-
other
-
-
-
-
total
84
-
182
-
Corporate
572
1 050
-
-
income
149
273
-
-
total
149
273
-
-
Dividends
423
777
-
-
withholding
63
117
-
-
total
63
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
426
390
514
496
After tax
624
660
536
554
Living cost
264
264
264
264
Free-cash
360
396
272
290

Estimated living cost  is $264 per week

$161
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$245
$120
$239
$153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
750
-
927
-
pensions
64
-
85
-
income
135
-
166
-
health
11
-
14
-
total
210
-
265
-
Employer
750
-
927
-
health
14
-
18
-
pensions
81
-
106
-
total
95
-
124
-
Corporate
204
1 050
-
-
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.

39
200
-
-
total
39
200
-
-
Dividends
165
850
-
-
withholding
12
64
-
-
total
12
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
356
264
389
270
After tax
694
786
661
780
Living cost
541
541
541
541
Free-cash
153
245
120
239

Estimated living cost  is $541 per week

$405
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.
$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

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
-$465
-$117
-$64
-$160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
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.

-
-
-
21
regional
-
-
-
32
health
-
-
-
3
city
-
-
-
11
national
-
-
-
5
pensions
-
-
-
97
total
-
-
-
169
Employee
1 106
-
940
-
unemployment
-
-
-
-
pensions
93
-
79
-
national
5
-
4
-
regional
36
-
27
-
city
12
-
10
-
health
2
-
2
-
total
148
-
122
-
Employer
1 106
-
940
-
health
2
-
2
-
pensions
93
-
79
-
unemployment
-
-
-
-
other

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

22
-
19
-
total
117
-
100
-
Corporate
-
1 050
-
-
regional
-
222
-
-
national
-
89
-
-
total
-
311
-
-
Dividends
-
739
-
-
withholding
-
259
-
-
total
-
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
265
570
222
169
After tax
785
480
828
881
Living cost
945
945
945
945
Free-cash
-160
-465
-117
-64

Estimated living cost  is $945 per week

$614
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.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$26
$216
$131
$166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
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.

-
-
-
194
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
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.

-
-
-
82
trade
-
-
-
85
total
-
-
-
372
Employee

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

718
-
1 050
-
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
-
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.

84
-
194
-
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.

82
-
82
-
total
171
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
332
1 050
-
-
income
50
157
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
57
180
-
-
total
112
349
-
-
Dividends
220
700
-
-
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
51
171
-
-
total
54
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
337
529
287
372
After tax
713
521
763
678
Living cost
547
547
547
547
Free-cash
166
-26
216
131

Estimated living cost  is $547 per week

$400
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.
$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

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
$120
$200
$199
$189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
80
other
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
30
health
-
-
-
11
pensions
-
-
-
288
total
-
-
-
442
Employee
511
-
800
-
pensions
58
-
90
-
surtax
-
-
-
-
social contributions
15
-
23
-
income
30
-
79
-
total
103
-
192
-
Employer
511
-
800
-
health
36
-
56
-
pensions
84
-
131
-
unemployment
21
-
32
-
social contributions
2
-
2
-
other
18
-
28
-
total
161
-
249
-
Corporate
379
1 050
-
-
income
106
294
-
-
surtax
-
-
-
-
total
106
294
-
-
Dividends
273
756
-
-
surtax
-
-
-
-
social contributions
47
130
-
-
withholding
35
97
-
-
total
82
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
452
521
441
442
After tax
598
529
609
608
Living cost
409
409
409
409
Free-cash
189
120
200
199

Estimated living cost  is $409 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$161
$241
$240
$227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
80
other
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
30
health
-
-
-
11
pensions
-
-
-
288
total
-
-
-
442
Employee
456
-
800
-
pensions
52
-
90
-
surtax
-
-
-
-
social contributions
13
-
23
-
income
24
-
79
-
total
89
-
192
-
Employer
456
-
800
-
health
32
-
56
-
pensions
75
-
131
-
unemployment
18
-
32
-
social contributions
1
-
2
-
other
16
-
28
-
total
142
-
249
-
Corporate
451
1 050
-
-
income
126
294
-
-
surtax
-
-
-
-
total
126
294
-
-
Dividends
325
756
-
-
surtax
-
-
-
-
social contributions
56
130
-
-
withholding
42
97
-
-
total
98
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
521
441
442
After tax
595
529
609
608
Living cost
368
368
368
368
Free-cash
227
161
241
240

Estimated living cost  is $368 per week

$214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Marseille model

Close
Vilnius , Lithuania
$386
$431
$422
$393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
social contributions
-
-
-
145
health
-
-
-
73
total
-
-
-
375
Employee
405
-
1 050
-
social contributions
56
-
145
-
income
68
-
148
-
health
28
-
73
-
total
152
-
366
-
Employer
405
-
1 050
-
total
-
-
-
-
Corporate
645
1 050
-
-
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
53
-
-
total
32
53
-
-
Dividends
613
997
-
-
social contributions
85
138
-
-
withholding
92
150
-
-
health
43
70
-
-
total
220
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
411
366
375
After tax
646
639
684
675
Living cost
253
253
253
253
Free-cash
393
386
431
422

Estimated living cost  is $253 per week

$170
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.
$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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$170
-$75
$124
$151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
152
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
4
health
-
-
-
80
pensions
-
-
-
194
total
-
-
-
505
Employee
597
476
813
-
other
6
5
8
-
unemployment
18
14
24
-
pensions
61
49
83
-
income
68
35
130
-
health
23
18
31
-
total
176
121
276
-
Employer
597
476
813
-
chamber of commerce
2
2
3
-
health
23
18
31
-
pensions
75
60
102
-
accident
8
6
11
-
unemployment
18
14
24
-
surtax
2
2
2
-
payroll
18
14
24
-
other
28
23
39
-
total
174
139
236
-
Corporate
279
435
768
-
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.

70
109
192
-
total
70
109
192
-
Dividends
209
326
-
-
withholding
58
90
-
-
total
58
90
-
-
Income
1 050
1 050
1 050
1 050
Total tax
478
459
704
505
After tax
572
591
346
545
Living cost
421
421
421
421
Free-cash
151
170
-75
124

Estimated living cost  is $421 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$154
-$18
$73
-$54
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
communal

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

-
-
-
54
social contributions
-
-
-
156
national
-
-
-
331
total
-
-
-
541
Employee

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

855
-
813
-
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
-
communal

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

45
-
42
-
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.

64
-
61
-
national
263
-
247
-
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.

40
-
38
-
total
419
-
395
-
Employer

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

855
-
813
-
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.

53
-
50
-
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.

76
-
72
-
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.

11
-
11
-
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.

12
-
12
-
surtax
97
-
92
-
total
249
-
237
-
Corporate
-
1 050
-
-
income
-
210
-
-
surtax
-
4
-
-
total
-
214
-
-
Dividends
-
836
-
-
withholding

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

-
246
-
-
total
-
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
668
460
632
541
After tax
382
590
418
509
Living cost
436
436
436
436
Free-cash
-54
154
-18
73

Estimated living cost  is $436 per week

$281
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.
$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.
$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 Brussels model

Close
Barcelona , Spain
$277
$133
$126
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
179
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
297
total
-
-
-
493
Employee
595
-
796
-
other
1
-
1
-
unemployment
9
-
12
-
pensions
28
-
37
-
income
125
-
182
-
total
163
-
232
-
Employer
595
-
796
-
pensions
140
-
188
-
accident
12
-
16
-
unemployment
33
-
44
-
other
5
-
6
-
total
190
-
254
-
Corporate
266
1 050
-
-
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.

40
157
-
-
total
40
157
-
-
Dividends
226
893
-
-
withholding
45
185
-
-
total
45
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
438
342
486
493
After tax
612
708
564
557
Living cost
431
431
431
431
Free-cash
181
277
133
126

Estimated living cost  is $431 per week

$318
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
-$2
$19
-$31
-$76
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
communal
-
-
-
66
accident
-
-
-
9
income
-
-
-
74
surtax
-
-
-
52
health
-
-
-
74
pensions
-
-
-
157
total
-
-
-
432
Employee
905
-
938
-
pensions
72
-
75
-
surtax
55
-
57
-
income
87
-
96
-
health
40
-
42
-
total
254
-
270
-
Employer
905
-
938
-
health
28
-
29
-
pensions
72
-
75
-
accident
8
-
8
-
total
108
-
112
-
Corporate
37
1 050
-
-
communal
-
71
-
-
income
6
157
-
-
surtax
-
11
-
-
total
6
239
-
-
Dividends
31
811
-
-
income
104
42
-
-
withholding
5
122
-
-
total
109
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
477
403
382
432
After tax
573
647
668
618
Living cost
649
649
649
649
Free-cash
-76
-2
19
-31

Estimated living cost  is $649 per week

$487
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.
$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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$392
$268
$286
$355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
187
other
-
-
-
-
surtax
-
-
-
21
unemployment
-
-
-
3
health
-
-
-
75
pensions
-
-
-
210
total
-
-
-
496
Employee
402
-
867
-
other
-
-
-
-
unemployment
28
-
60
-
pensions
27
-
58
-
surtax
1
-
18
-
income
67
-
174
-
health
10
-
22
-
total
133
-
332
-
Employer
402
-
867
-
health
18
-
39
-
pensions
54
-
116
-
unemployment
13
-
27
-
other
-
-
-
-
total
85
-
182
-
Corporate
563
1 050
-
-
income
146
273
-
-
total
146
273
-
-
Dividends
417
777
-
-
withholding
63
117
-
-
total
63
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
427
390
514
496
After tax
623
660
536
554
Living cost
268
268
268
268
Free-cash
355
392
268
286

Estimated living cost  is $268 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 of data for Athens model

Close
Naples , Italy
$230
$173
$223
$203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
270
regional
-
-
-
16
municipal
-
-
-
6
national
-
-
-
213
total
-
-
-
505
Employee
663
-
1 050
-
municipal
4
-
6
-
national
105
-
181
-
regional
9
-
14
-
social contributions
223
-
354
-
total
341
-
555
-
Employer
663
-
1 050
-
total
-
-
-
-
Corporate
387
1 050
-
-
municipal
19
52
-
-
nationa
93
252
-
-
total
112
304
-
-
Dividends
275
746
-
-
withholding
72
194
-
-
total
72
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
525
498
555
505
After tax
525
552
495
545
Living cost
322
322
322
322
Free-cash
203
230
173
223

Estimated living cost  is $322 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Naples model

Close
Prague , Czech Republic
$357
$166
$145
$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
-
-
-
1 050
income
-
-
-
90
social contributions
-
-
-
307
solidarity contribution
-
-
-
-
health
-
-
-
142
total
-
-
-
539
Employee
538
-
784
-
solidarity contribution
-
-
-
-
social contributions
35
-
51
-
income
65
-
94
-
health
73
-
106
-
total
173
-
251
-
Employer
538
-
784
-
health
48
-
71
-
social contributions
135
-
196
-
total
183
-
267
-
Corporate
329
1 050
-
-
income
62
199
-
-
total
62
199
-
-
Dividends
266
851
-
-
withholding
40
128
-
-
total
40
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
458
327
518
539
After tax
592
723
532
511
Living cost
366
366
366
366
Free-cash
226
357
166
145

Estimated living cost  is $366 per week

$272
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.
$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 Prague model

Close
Graz , Austria
$212
-$35
$166
$204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
152
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
4
health
-
-
-
80
pensions
-
-
-
194
total
-
-
-
503
Employee
522
476
815
-
other
5
5
8
-
unemployment
16
14
24
-
pensions
53
49
83
-
income
47
35
131
-
health
20
18
32
-
total
141
121
278
-
Employer
522
476
815
-
chamber of commerce
2
2
3
-
health
20
18
31
-
pensions
66
60
102
-
accident
7
6
11
-
unemployment
16
14
24
-
surtax
-
-
-
-
payroll
16
14
24
-
other
25
23
39
-
total
152
137
234
-
Corporate
378
437
770
-
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.

94
109
192
-
total
94
109
192
-
Dividends
283
328
-
-
withholding
78
90
-
-
total
78
90
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
457
704
503
After tax
585
593
346
547
Living cost
381
381
381
381
Free-cash
204
212
-35
166

Estimated living cost  is $381 per week

$229
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.
$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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$847
$689
$888
$818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
189
-
1 050
-
income
38
-
210
-
total
38
-
210
-
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%.

861
1 050
-
-
total
-
-
-
-
Dividends
861
1 050
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
81
52
210
11
After tax
969
998
840
1 039
Living cost
151
151
151
151
Free-cash
818
847
689
888

Estimated living cost  is $151 per week

$102
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.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$403
$199
$229
$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

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.

-
-
-
1 050
income
-
-
-
204
unemployment
-
-
-
2
health
-
-
-
103
pensions
-
-
-
192
total
-
-
-
501
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.

528
-
909
-
unemployment
1
-
1
-
pensions
82
-
141
-
income
91
-
188
-
health
34
-
59
-
total
208
-
389
-
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.

528
-
909
-
health
35
-
61
-
pensions
47
-
80
-
unemployment
-
-
1
-
total
82
-
142
-
Corporate
439
1 050
-
-
income
83
199
-
-
total
83
199
-
-
Dividends
356
851
-
-
withholding
53
128
-
-
total
53
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
426
327
531
501
After tax
624
723
519
549
Living cost
320
320
320
320
Free-cash
304
403
199
229

Estimated living cost  is $320 per week

$220
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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$118
$370
$204
-$750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
205
social contributions
-
-
-
120
total
-
-
-
325
Employee
747
-
-
-
social contributions
61
-
9
-
income
165
-
-
-
total
226
-
9
-
Employer
747
-
-
-
social contributions
1 053
-
150
-
total
1 053
-
150
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 279
411
159
325
After tax
-229
639
891
725
Living cost
521
521
521
521
Free-cash
-750
118
370
204

Estimated living cost  is $521 per week

$338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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.
$127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$223
$169
$217
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income
-
-
-
93
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
458
Employee
549
-
848
-
surtax
-
-
-
-
social contributions
60
-
93
-
income
114
-
211
-
total
174
-
304
-
Employer
549
-
848
-
social contributions
130
-
202
-
total
130
-
202
-
Corporate
370
1 050
-
-
income
78
220
-
-
surtax
-
-
-
-
total
78
220
-
-
Dividends
292
830
-
-
withholding
82
232
-
-
total
82
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
464
452
506
458
After tax
586
598
544
592
Living cost
375
375
375
375
Free-cash
211
223
169
217

Estimated living cost  is $375 per week

$280
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.
$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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-$48
$32
$31
$36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
80
other
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
30
health
-
-
-
11
pensions
-
-
-
288
total
-
-
-
442
Employee
748
-
800
-
pensions
85
-
90
-
surtax
-
-
-
-
social contributions
21
-
23
-
income
65
-
79
-
total
171
-
192
-
Employer
748
-
800
-
health
52
-
56
-
pensions
123
-
131
-
unemployment
30
-
32
-
social contributions
2
-
2
-
other
26
-
28
-
total
233
-
249
-
Corporate
68
1 050
-
-
income
19
294
-
-
surtax
-
-
-
-
total
19
294
-
-
Dividends
49
756
-
-
surtax
-
-
-
-
social contributions
8
130
-
-
withholding
6
97
-
-
total
14
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
437
521
441
442
After tax
613
529
609
608
Living cost
577
577
577
577
Free-cash
36
-48
32
31

Estimated living cost  is $577 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
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.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$586
$476
$446
$545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
14
social contributions
-
-
-
231
total
-
-
-
245
Employee
384
-
909
-
income
-
-
15
-
social contributions
25
-
59
-
total
25
-
74
-
Employer
384
-
909
-
social contributions
60
-
141
-
total
60
-
141
-
Corporate
606
1 050
-
-
income
61
105
-
-
total
61
105
-
-
Dividends
546
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
146
105
215
245
After tax
904
945
835
805
Living cost
359
359
359
359
Free-cash
545
586
476
446

Estimated living cost  is $359 per week

$232
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$1552
-$1552
$84
-$1552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
labour market
-
-
-
83
municipal
-
-
-
189
national
-
-
-
109
pensions
-
-
-
10
total
-
-
-
391
Employee
2 427
2 427
2 427
-
municipal
517
517
517
-
labour market
194
194
194
-
pensions
3
3
3
-
national
297
297
297
-
total
1 011
1 011
1 011
-
Employer
2 427
2 427
2 427
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
518
518
518
-
total
1 016
1 016
1 016
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
2 027
2 027
2 027
391
After tax
-977
-977
-977
659
Living cost
575
575
575
575
Free-cash
-1 552
-1 552
-1 552
84

Estimated living cost  is $575 per week

$394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$177
$270
$461
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
244
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
327
Employee
412
-
881
-
pensions
46
-
92
-
income
56
-
155
-
health
47
-
101
-
total
149
-
348
-
Employer
412
-
881
-
pensions
67
-
133
-
accident
7
-
15
-
unemployment
10
-
22
-
total
84
-
170
-
Corporate
554
1 050
-
-
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.

499
945
-
-
total
499
945
-
-
Dividends
55
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
743
965
518
327
After tax
307
85
532
723
Living cost
262
262
262
262
Free-cash
45
-177
270
461

Estimated living cost  is $262 per week

$191
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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$251
$151
$303
$209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 050
health
-
-
-
11
municipal
-
-
-
187
national
-
-
-
90
total
-
-
-
288
Employee
629
-
883
-
municipal
103
-
144
-
unemployment
9
-
13
-
pensions
42
-
60
-
national
10
-
47
-
health
5
-
9
-
total
169
-
273
-
Employer
629
-
883
-
health
5
-
7
-
pensions
109
-
153
-
accident
1
-
1
-
unemployment
4
-
6
-
total
119
-
167
-
Corporate
303
1 050
-
-
income
61
210
-
-
total
61
210
-
-
Dividends

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

182
630
-
-
municipal
33
113
-
-
national
-
17
-
-
total
33
130
-
-
Income
1 050
1 050
1 050
1 050
Total tax
382
340
440
288
After tax
668
710
610
762
Living cost
459
459
459
459
Free-cash
209
251
151
303

Estimated living cost  is $459 per week

$300
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.
$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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$492
$487
$487
$426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
95
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
286
Employee
919
919
953
-
social contributions
35
76
79
-
income
100
85
94
-
health
7
16
16
-
total
142
177
189
-
Employer
919
919
953
-
health
8
17
18
-
social contributions
35
76
79
-
total
43
93
97
-
Corporate
589
38
-
-
income
74
5
-
-
total
74
5
-
-
Dividends
515
33
-
-
withholding
88
6
-
-
total
88
6
-
-
Income
1 050
1 050
1 050
1 050
Total tax
347
281
286
286
After tax
703
769
764
764
Living cost
277
277
277
277
Free-cash
426
492
487
487

Estimated living cost  is $277 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$680
$458
$643
$620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 050
income
-
-
-
98
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
217
Employee

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

274
-
952
-
unemployment
1
-
5
-
pensions
41
-
143
-
income
19
-
75
-
health
23
-
81
-
total
84
-
304
-
Employer

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

274
-
952
-
health
12
-
41
-
pensions
15
-
52
-
unemployment
1
-
5
-
total
28
-
98
-
Corporate
748
1 050
-
-
income
67
94
-
-
total
67
94
-
-
Dividends
680
956
-
-
withholding
61
86
-
-
total
61
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
240
180
402
217
After tax
810
870
648
833
Living cost
190
190
190
190
Free-cash
620
680
458
643

Estimated living cost  is $190 per week

$121
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.
$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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$379
$235
$228
$316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
179
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
297
total
-
-
-
493
Employee
442
-
796
-
other
-
-
1
-
unemployment
7
-
12
-
pensions
21
-
37
-
income
85
-
182
-
total
113
-
232
-
Employer
442
-
796
-
pensions
104
-
188
-
accident
9
-
16
-
unemployment
24
-
44
-
other
4
-
6
-
total
141
-
254
-
Corporate
467
1 050
-
-
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.

70
157
-
-
total
70
157
-
-
Dividends
397
893
-
-
withholding
81
185
-
-
total
81
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
405
342
486
493
After tax
645
708
564
557
Living cost
328
328
328
328
Free-cash
316
379
235
228

Estimated living cost  is $328 per week

$222
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.
$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 Valencia model

Close
Istanbul , Turkey
$632
$644
$646
$629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
352
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
381
Employee
35
-
1 031
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
351
-
health
2
-
4
-
total
12
-
364
-
Employer
35
-
1 031
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 007
1 050
-
-
income
221
231
-
-
total
221
231
-
-
Dividends
785
819
-
-
withholding
157
164
-
-
total
157
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
398
395
383
381
After tax
652
655
667
669
Living cost
23
23
23
23
Free-cash
629
632
644
646

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$552
$331
$331
$494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 050
income
-
-
-
178
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
230
total
-
-
-
512
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.

312
-
892
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
178
-
health
16
-
45
-
total
105
-
354
-
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.

312
-
892
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
683
1 050
-
-
income
102
157
-
-
total
102
157
-
-
Dividends
580
893
-
-
withholding
87
134
-
-
total
87
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
349
291
512
512
After tax
701
759
538
538
Living cost
207
207
207
207
Free-cash
494
552
331
331

Estimated living cost  is $207 per week

$139
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.
$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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$276
$222
$270
$271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
income
-
-
-
93
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
458
Employee
464
-
848
-
surtax
-
-
-
-
social contributions
51
-
93
-
income
91
-
211
-
total
142
-
304
-
Employer
464
-
848
-
social contributions
110
-
202
-
total
110
-
202
-
Corporate
476
1 050
-
-
income
100
220
-
-
surtax
-
-
-
-
total
100
220
-
-
Dividends
376
830
-
-
withholding
105
232
-
-
total
105
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
457
452
506
458
After tax
593
598
544
592
Living cost
322
322
322
322
Free-cash
271
276
222
270

Estimated living cost  is $322 per week

$228
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.
$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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$288
$144
$137
$196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
179
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
297
total
-
-
-
493
Employee
577
-
796
-
other
1
-
1
-
unemployment
9
-
12
-
pensions
27
-
37
-
income
121
-
182
-
total
158
-
232
-
Employer
577
-
796
-
pensions
136
-
188
-
accident
11
-
16
-
unemployment
32
-
44
-
other
5
-
6
-
total
184
-
254
-
Corporate
289
1 050
-
-
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.

43
157
-
-
total
43
157
-
-
Dividends
246
893
-
-
withholding
49
185
-
-
total
49
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
434
342
486
493
After tax
616
708
564
557
Living cost
420
420
420
420
Free-cash
196
288
144
137

Estimated living cost  is $420 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$693
$604
$575
$619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
158
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
270
Employee
272
-
968
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
97
-
health
13
-
19
-
total
67
-
158
-
Employer
272
-
968
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
725
1 050
-
-
income
72
105
-
-
total
72
105
-
-
Dividends
652
945
-
-
withholding
33
47
-
-
total
33
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
226
152
241
270
After tax
824
898
809
780
Living cost
205
205
205
205
Free-cash
619
693
604
575

Estimated living cost  is $205 per week

$136
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.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$81
$302
$231
$238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
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.

-
-
-
194
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
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.

-
-
-
82
trade
-
-
-
71
total
-
-
-
358
Employee

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

594
-
1 050
-
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.

49
-
194
-
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.

82
-
82
-
total
134
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
456
1 050
-
-
income
68
157
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
65
151
-
-
total
139
320
-
-
Dividends
316
730
-
-
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
10
-
-
withholding
74
178
-
-
total
78
188
-
-
Income
1 050
1 050
1 050
1 050
Total tax
351
508
287
358
After tax
699
542
763
692
Living cost
461
461
461
461
Free-cash
238
81
302
231

Estimated living cost  is $461 per week

$318
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.
$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.
$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 Berlin model

Close
Dublin , Ireland
$54
$56
$56
$81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
223
social contributions
-
-
-
90
total
-
-
-
313
Employee
934
-
1 050
-
income
176
-
223
-
social contributions
78
-
90
-
total
254
-
313
-
Employer
934
-
1 050
-
total
-
-
-
-
Corporate
116
1 050
-
-
income
14
131
-
-
total
14
131
-
-
Dividends
101
919
-
-
withholding
20
184
-
-
total
20
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
288
315
313
313
After tax
762
735
737
737
Living cost
681
681
681
681
Free-cash
81
54
56
56

Estimated living cost  is $681 per week

$518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
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

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
$185
$335
$204
$247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
income
-
-
-
340
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
-
-
-
412
Employee
548
-
995
-
income
59
-
171
-
social contributions
55
-
55
-
total
114
-
226
-
Employer
548
-
995
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
447
1 050
-
-
income
156
368
-
-
total
156
368
-
-
Dividends
291
682
-
-
social contributions
44
63
-
-
total
44
63
-
-
Income
1 050
1 050
1 050
1 050
Total tax
369
431
281
412
After tax
681
619
769
638
Living cost
434
434
434
434
Free-cash
247
185
335
204

Estimated living cost  is $434 per week

$286
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.
$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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$346
$221
$340
$280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
603
-
927
-
pensions
46
-
85
-
income
110
-
166
-
health
8
-
14
-
total
164
-
265
-
Employer
603
-
927
-
health
11
-
18
-
pensions
61
-
106
-
total
72
-
124
-
Corporate
374
1 050
-
-
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.

71
200
-
-
total
71
200
-
-
Dividends
303
850
-
-
withholding
23
64
-
-
total
23
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
264
389
270
After tax
720
786
661
780
Living cost
440
440
440
440
Free-cash
280
346
221
340

Estimated living cost  is $440 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$203
$244
$435
$39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
244
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
327
Employee
453
-
881
-
pensions
51
-
92
-
income
62
-
155
-
health
52
-
101
-
total
165
-
348
-
Employer
453
-
881
-
pensions
74
-
133
-
accident
8
-
15
-
unemployment
11
-
22
-
total
93
-
170
-
Corporate
505
1 050
-
-
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.

455
945
-
-
total
455
945
-
-
Dividends
51
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
723
965
518
327
After tax
327
85
532
723
Living cost
288
288
288
288
Free-cash
39
-203
244
435

Estimated living cost  is $288 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$731
$467
$442
$672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 050
income
-
-
-
157
unemployment
-
-
-
13
work injury
-
-
-
5
health insurance
-
-
-
78
pensions
-
-
-
193
total
-
-
-
446
Employee

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

259
-
1 050
-
health insurance
19
-
71
-
unemployment
3
-
12
-
work injury
1
-
5
-
pensions
48
-
176
-
income
26
-
157
-
total
97
-
421
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
791
1 050
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
791
1 050
-
-
withholding
119
157
-
-
total
119
157
-
-
Income
1 050
1 050
1 050
1 050
Total tax
216
157
421
446
After tax
834
893
629
604
Living cost
162
162
162
162
Free-cash
672
731
467
442

Estimated living cost  is $162 per week

$100
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 Skopje model

Close
Rome , Italy
$77
$17
$64
$24
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
270
regional
-
-
-
20
municipal
-
-
-
7
national
-
-
-
213
total
-
-
-
510
Employee
1 007
-
1 050
-
municipal
6
-
6
-
national
170
-
181
-
regional
15
-
16
-
social contributions
339
-
354
-
total
530
-
557
-
Employer
1 007
-
1 050
-
total
-
-
-
-
Corporate
43
1 050
-
-
municipal
2
51
-
-
nationa
10
252
-
-
total
12
303
-
-
Dividends
31
747
-
-
withholding
8
194
-
-
total
8
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
550
497
557
510
After tax
500
553
493
540
Living cost
476
476
476
476
Free-cash
24
77
17
64

Estimated living cost  is $476 per week

$334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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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