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
$406
$178
$326
$306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
199
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
trade
-
-
-
80
total
-
-
-
370
Employee

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

447
-
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.

12
-
199
-
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.

80
-
80
-
total
93
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
603
1 050
-
-
chamber of commerce
3
3
-
-
surtax

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

5
9
-
-
trade
95
165
-
-
income
91
157
-
-
total
194
334
-
-
Dividends
410
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
98
174
-
-
total
103
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
390
518
290
370
After tax
660
532
760
680
Living cost
354
354
354
354
Free-cash
306
178
406
326

Estimated living cost  is $354 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$34
$42
$27
$14
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
126
national
-
-
-
166
municipal
-
-
-
107
total
-
-
-
410
Employee
950
-
908
-
municipal
117
-
111
-
national
182
-
173
-
pensions
38
-
36
-
total
337
-
320
-
Employer
950
-
908
-
pensions
76
-
73
-
social contributions
10
-
10
-
total
86
-
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
423
395
403
410
After tax
627
655
647
640
Living cost
613
613
613
613
Free-cash
14
42
34
27

Estimated living cost  is $613 per week

$417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
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.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$350
$597
$318
$501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
151
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
489
Employee
341
-
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
61
-
160
-
total
99
-
253
-
Employer
341
-
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.

82
-
204
-
total
82
-
204
-
Corporate
627
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%.

125
210
-
-
total
125
210
-
-
Dividends

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

501
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
306
210
457
489
After tax
744
840
593
561
Living cost
243
243
243
243
Free-cash
501
597
350
318

Estimated living cost  is $243 per week

$155
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$108
-$43
$108
-$108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
133
income
-
-
-
183
pensions
-
-
-
137
total
-
-
-
453
Employee
997
997
997
-
income

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

163
163
163
-
pensions
179
137
179
-
health
153
130
153
-
total
495
430
495
-
Employer
997
997
997
-
unemployment
36
36
36
-
health
69
69
69
-
pensions
69
69
69
-
total
174
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
669
604
669
453
After tax
381
446
381
597
Living cost
489
489
489
489
Free-cash
-108
-43
-108
108

Estimated living cost  is $489 per week

$347
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$80
$92
$42
$82
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
122
health
-
-
-
66
accident
-
-
-
2
pensions
-
-
-
114
national
-
-
-
-
unemployment
-
-
-
1
municipal
-
-
-
222
total
-
-
-
527
Employee
685
-
799
-
municipal
204
-
238
-
national
-
-
-
-
total
204
-
238
-
Employer
685
-
799
-
other
80
-
93
-
unemployment
18
-
21
-
health
42
-
49
-
accident
1
-
2
-
pensions
74
-
86
-
total
215
-
251
-
Corporate
150
1 050
-
-
income
33
231
-
-
total
33
231
-
-
Dividends
117
819
-
-
withholding
35
246
-
-
total
35
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
487
477
489
527
After tax
563
573
561
523
Living cost
481
481
481
481
Free-cash
82
92
80
42

Estimated living cost  is $481 per week

$319
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.
$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

Source of data for Stockholm model

Close
Hamburg , Germany
$301
$67
$218
$231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
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.

-
-
-
80
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.

-
-
-
199
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
trade
-
-
-
83
total
-
-
-
373
Employee

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

592
-
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.

51
-
199
-
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.

80
-
80
-
total
134
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
458
1 050
-
-
chamber of commerce
2
3
-
-
surtax

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

4
9
-
-
trade
75
173
-
-
income
69
157
-
-
total
150
342
-
-
Dividends
308
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
72
173
-
-
total
76
182
-
-
Income
1 050
1 050
1 050
1 050
Total tax
360
524
290
373
After tax
690
526
760
677
Living cost
459
459
459
459
Free-cash
231
67
301
218

Estimated living cost  is $459 per week

$307
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.
$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 Hamburg model

Close
Limassol , Cyprus
$381
$389
$381
$341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
164
health
-
-
-
27
income
-
-
-
99
total
-
-
-
290
Employee
898
898
953
-
social contributions
44
75
79
-
income
94
83
98
-
health
9
15
16
-
total
147
173
193
-
Employer
898
898
953
-
health
10
17
18
-
social contributions
44
75
79
-
total
54
92
97
-
Corporate
471
61
-
-
income
59
8
-
-
total
59
8
-
-
Dividends
412
54
-
-
withholding
70
9
-
-
total
70
9
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
282
290
290
After tax
720
768
760
760
Living cost
379
379
379
379
Free-cash
341
389
381
381

Estimated living cost  is $379 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Limassol model

Close
Budapest , Hungary
$392
$376
$511
$380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

313
125
879
-
income
38
15
107
-
pensions
31
12
88
-
health
22
9
62
-
unemployment
5
2
13
-
total
96
38
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.

313
125
879
-
pensions
61
24
171
-
total
61
24
171
-
Corporate
675
901
-
-
income
61
81
-
-
total
61
81
-
-
Dividends
615
820
-
-
social contributions
118
158
-
-
withholding
117
156
-
-
total
235
314
-
-
Income
1 050
1 050
1 050
1 050
Total tax
453
457
441
322
After tax
597
593
609
728
Living cost
217
217
217
217
Free-cash
380
376
392
511

Estimated living cost  is $217 per week

$148
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
$323
$558
$281
$486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
136
income
-
-
-
141
pensions
-
-
-
210
total
-
-
-
487
Employee
331
-
785
-
income
37
-
151
-
pensions
7
-
16
-
unemployment
5
-
13
-
total
49
-
180
-
Employer
331
-
785
-
unemployment
3
-
6
-
health
43
-
102
-
pensions
66
-
157
-
total
112
-
265
-
Corporate
607
1 050
-
-
income
121
210
-
-
total
121
210
-
-
Dividends
485
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
282
210
445
487
After tax
768
840
605
563
Living cost
282
282
282
282
Free-cash
486
558
323
281

Estimated living cost  is $282 per week

$193
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.
$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 Tallinn model

Close
Gdansk , Poland
$275
-$174
$462
$44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
247
pensions
-
-
-
49
total
-
-
-
329
Employee
407
-
884
-
income
56
-
159
-
pensions
46
-
90
-
health
47
-
101
-
total
149
-
350
-
Employer
407
-
884
-
unemployment
10
-
22
-
accident
7
-
15
-
pensions
66
-
129
-
total
83
-
166
-
Corporate
560
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.

504
945
-
-
total
504
945
-
-
Dividends
56
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
747
965
516
329
After tax
303
85
534
721
Living cost
259
259
259
259
Free-cash
44
-174
275
462

Estimated living cost  is $259 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$743
$901
$943
$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.

-
-
-
10
total
-
-
-
10
Employee
122
-
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%.

928
1 050
-
-
total
-
-
-
-
Dividends
928
1 050
-
-
withholding
46
52
-
-
total
46
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
70
52
210
10
After tax
980
998
840
1 040
Living cost
97
97
97
97
Free-cash
883
901
743
943

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
$304
$460
$258
$382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50
health
-
-
-
46
income
-
-
-
133
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
424
-
839
-
income
73
-
144
-
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
-
health
6
-
12
-
unemployment
4
-
8
-
total
113
-
223
-
Employer
424
-
839
-
other
21
-
42
-
unemployment
4
-
8
-
health
6
-
12
-
accident
3
-
7
-
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.

72
-
143
-
total
106
-
212
-
Corporate
519
1 050
-
-
income
109
221
-
-
total
109
221
-
-
Dividends
410
829
-
-
withholding
29
58
-
-
total
29
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
357
279
435
481
After tax
693
771
615
569
Living cost
311
311
311
311
Free-cash
382
460
304
258

Estimated living cost  is $311 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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-$111
$14
$4
-$192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
199
pensions
-
-
-
75
total
-
-
-
274
Employee
1 092
-
926
-
income
197
-
165
-
health
18
-
15
-
pensions
105
-
85
-
total
320
-
265
-
Employer
1 092
-
926
-
health
21
-
18
-
pensions
129
-
106
-
total
150
-
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
470
264
389
274
After tax
580
786
661
776
Living cost
772
772
772
772
Free-cash
-192
14
-111
4

Estimated living cost  is $772 per week

$579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$663
$746
$632
$693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
income
-
-
-
157
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
266
Employee
201
-
971
-
income
20
-
97
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
156
-
Employer
201
-
971
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
809
1 050
-
-
income
81
105
-
-
total
81
105
-
-
Dividends
728
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
205
152
235
266
After tax
845
898
815
784
Living cost
152
152
152
152
Free-cash
693
746
663
632

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$266
-$201
-$50
-$221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
133
income
-
-
-
183
pensions
-
-
-
137
total
-
-
-
453
Employee
1 082
997
997
-
income

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

163
163
163
-
pensions
137
137
179
-
health
135
130
153
-
total
435
430
495
-
Employer
1 082
997
997
-
unemployment
39
36
36
-
health
75
69
69
-
pensions
75
69
69
-
total
189
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
624
604
669
453
After tax
426
446
381
597
Living cost
647
647
647
647
Free-cash
-221
-201
-266
-50

Estimated living cost  is $647 per week

$478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$244
$434
$223
$331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
307
health
-
-
-
142
income
-
-
-
90
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
423
-
784
-
social contributions
28
-
51
-
solidarity contribution
-
-
-
-
income
51
-
94
-
health
57
-
106
-
total
136
-
251
-
Employer
423
-
784
-
health
38
-
71
-
social contributions
106
-
196
-
total
144
-
267
-
Corporate
483
1 050
-
-
income
92
200
-
-
total
92
200
-
-
Dividends
391
850
-
-
withholding
59
128
-
-
total
59
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
431
328
518
539
After tax
619
722
532
511
Living cost
288
288
288
288
Free-cash
331
434
244
223

Estimated living cost  is $288 per week

$200
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.
$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 Brno model

Close
Milan , Italy
$4
$67
$55
$7
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
215
regional
-
-
-
11
municipal
-
-
-
6
total
-
-
-
502
Employee
1 038
-
1 050
-
social contributions
350
-
354
-
municipal
5
-
6
-
national
180
-
183
-
regional
10
-
10
-
total
545
-
553
-
Employer
1 038
-
1 050
-
total
-
-
-
-
Corporate
12
1 050
-
-
nationa
3
252
-
-
municipal
-
41
-
-
total
3
293
-
-
Dividends
9
757
-
-
withholding
2
197
-
-
total
2
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
550
490
553
502
After tax
500
560
497
548
Living cost
493
493
493
493
Free-cash
7
67
4
55

Estimated living cost  is $493 per week

$343
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.
$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.
$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 Milan model

Close
Thessaloniki , Greece
$275
$402
$294
$366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
75
income
-
-
-
189
pensions
-
-
-
210
surtax
-
-
-
21
unemployment
-
-
-
3
total
-
-
-
498
Employee
386
-
867
-
surtax
1
-
19
-
income
65
-
176
-
other
-
-
-
-
pensions
26
-
58
-
health
10
-
22
-
unemployment
27
-
60
-
total
129
-
335
-
Employer
386
-
867
-
other
-
-
-
-
unemployment
12
-
27
-
health
18
-
39
-
pensions
51
-
116
-
total
81
-
182
-
Corporate
583
1 050
-
-
income
151
273
-
-
total
151
273
-
-
Dividends
431
777
-
-
withholding
65
117
-
-
total
65
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
426
390
517
498
After tax
624
660
533
552
Living cost
258
258
258
258
Free-cash
366
402
275
294

Estimated living cost  is $258 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$134
$259
$249
$168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
199
pensions
-
-
-
75
total
-
-
-
274
Employee
732
-
926
-
income
132
-
165
-
health
11
-
15
-
pensions
62
-
85
-
total
205
-
265
-
Employer
732
-
926
-
health
14
-
18
-
pensions
79
-
106
-
total
93
-
124
-
Corporate
225
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.

43
200
-
-
total
43
200
-
-
Dividends
182
850
-
-
withholding
14
64
-
-
total
14
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
355
264
389
274
After tax
695
786
661
776
Living cost
527
527
527
527
Free-cash
168
259
134
249

Estimated living cost  is $527 per week

$395
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$109
-$457
-$56
-$150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3
pensions
-
-
-
97
city
-
-
-
11
national
-
-
-
5
regional
-
-
-
32
total
-
-
-
169
Employee
1 097
-
940
-
national
5
-
4
-
city
12
-
10
-
pensions
92
-
79
-
health
2
-
2
-
regional
36
-
27
-
unemployment
-
-
-
-
total
147
-
122
-
Employer
1 097
-
940
-
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
-
unemployment
-
-
-
-
health
2
-
2
-
pensions
92
-
79
-
total
116
-
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
263
570
222
169
After tax
787
480
828
881
Living cost
937
937
937
937
Free-cash
-150
-457
-109
-56

Estimated living cost  is $937 per week

$610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
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.
$232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$225
-$14
$138
$174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
199
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
trade
-
-
-
87
total
-
-
-
377
Employee

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

702
-
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.

83
-
199
-
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.

80
-
80
-
total
168
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
348
1 050
-
-
chamber of commerce
2
3
-
-
surtax

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

3
9
-
-
trade
60
180
-
-
income
52
157
-
-
total
117
349
-
-
Dividends
231
701
-
-
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
53
171
-
-
total
56
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
341
529
290
377
After tax
709
521
760
673
Living cost
535
535
535
535
Free-cash
174
-14
225
138

Estimated living cost  is $535 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$206
$130
$209
$201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
83
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
442
Employee
500
-
800
-
surtax
-
-
-
-
social contributions
14
-
23
-
income
29
-
82
-
pensions
56
-
91
-
total
99
-
196
-
Employer
500
-
800
-
other
17
-
28
-
unemployment
20
-
32
-
health
35
-
56
-
pensions
82
-
131
-
social contributions
2
-
2
-
total
156
-
249
-
Corporate
394
1 050
-
-
surtax
-
-
-
-
income
110
294
-
-
total
110
294
-
-
Dividends
284
756
-
-
social contributions
49
130
-
-
surtax
-
-
-
-
withholding
36
97
-
-
total
85
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
450
521
445
442
After tax
600
529
605
608
Living cost
399
399
399
399
Free-cash
201
130
206
209

Estimated living cost  is $399 per week

$252
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.
$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

Source of data for Nice model

Close
Marseille , France
$245
$169
$248
$235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
83
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
442
Employee
446
-
800
-
surtax
-
-
-
-
social contributions
13
-
23
-
income
23
-
82
-
pensions
50
-
91
-
total
86
-
196
-
Employer
446
-
800
-
other
15
-
28
-
unemployment
18
-
32
-
health
31
-
56
-
pensions
73
-
131
-
social contributions
1
-
2
-
total
138
-
249
-
Corporate
465
1 050
-
-
surtax
-
-
-
-
income
130
294
-
-
total
130
294
-
-
Dividends
335
756
-
-
social contributions
58
130
-
-
surtax
-
-
-
-
withholding
43
97
-
-
total
101
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
521
445
442
After tax
595
529
605
608
Living cost
360
360
360
360
Free-cash
235
169
245
248

Estimated living cost  is $360 per week

$209
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.
$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

Source of data for Marseille model

Close
Vilnius , Lithuania
$434
$391
$427
$398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
145
health
-
-
-
73
income
-
-
-
157
total
-
-
-
375
Employee
396
-
1 050
-
social contributions
55
-
145
-
income
66
-
150
-
health
28
-
73
-
total
149
-
368
-
Employer
396
-
1 050
-
total
-
-
-
-
Corporate
654
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%.

33
53
-
-
total
33
53
-
-
Dividends
621
997
-
-
social contributions
86
138
-
-
withholding
93
150
-
-
health
43
70
-
-
total
222
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
411
368
375
After tax
646
639
682
675
Living cost
248
248
248
248
Free-cash
398
391
434
427

Estimated living cost  is $248 per week

$166
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.
$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 Vilnius model

Close
Vienna , Austria
-$68
$179
$131
$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
health
-
-
-
80
income
-
-
-
156
chamber of commerce
-
-
-
4
pensions
-
-
-
194
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
508
Employee
583
465
814
-
income
66
34
133
-
other
6
5
8
-
pensions
60
48
83
-
health
23
18
31
-
unemployment
18
14
24
-
total
173
119
279
-
Employer
583
465
814
-
other
28
22
39
-
unemployment
18
14
24
-
health
22
18
31
-
surtax
2
2
2
-
accident
8
6
11
-
pensions
73
58
102
-
payroll
18
14
24
-
chamber of commerce
2
2
3
-
total
171
136
236
-
Corporate
296
449
769
-
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.

74
112
192
-
total
74
112
192
-
Dividends
222
336
-
-
withholding
61
93
-
-
total
61
93
-
-
Income
1 050
1 050
1 050
1 050
Total tax
479
460
707
508
After tax
571
590
343
542
Living cost
411
411
411
411
Free-cash
160
179
-68
131

Estimated living cost  is $411 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$9
$164
$81
-$29
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
157
communal

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

-
-
-
54
national
-
-
-
332
total
-
-
-
543
Employee

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

835
-
813
-
national
257
-
248
-
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.

63
-
61
-
health

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

39
-
38
-
communal

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

44
-
42
-
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
-
total
410
-
396
-
Employer

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

835
-
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.

12
-
12
-
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.

51
-
50
-
surtax
95
-
92
-
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
-
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.

74
-
72
-
total
243
-
237
-
Corporate
-
1 050
-
-
surtax
-
4
-
-
income
-
210
-
-
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
653
460
633
543
After tax
397
590
417
507
Living cost
426
426
426
426
Free-cash
-29
164
-9
81

Estimated living cost  is $426 per week

$274
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.
$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

Source of data for Brussels model

Close
Barcelona , Spain
$141
$286
$134
$192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
unemployment
-
-
-
7
total
-
-
-
494
Employee
581
-
796
-
income
123
-
183
-
other
1
-
1
-
pensions
27
-
37
-
unemployment
9
-
12
-
total
160
-
233
-
Employer
581
-
796
-
other
5
-
6
-
unemployment
32
-
44
-
accident
11
-
16
-
pensions
137
-
188
-
total
185
-
254
-
Corporate
284
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
241
893
-
-
withholding
48
185
-
-
total
48
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
436
342
487
494
After tax
614
708
563
556
Living cost
422
422
422
422
Free-cash
192
286
141
134

Estimated living cost  is $422 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$31
$12
-$19
-$62
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
74
accident
-
-
-
9
income
-
-
-
77
pensions
-
-
-
157
communal
-
-
-
66
surtax
-
-
-
52
total
-
-
-
435
Employee
884
-
938
-
surtax
54
-
57
-
income
85
-
99
-
pensions
71
-
75
-
health
39
-
42
-
total
249
-
273
-
Employer
884
-
938
-
health
27
-
29
-
accident
8
-
8
-
pensions
71
-
75
-
total
106
-
112
-
Corporate
60
1 050
-
-
surtax
1
11
-
-
income
9
157
-
-
communal
-
71
-
-
total
10
239
-
-
Dividends
51
811
-
-
income
105
43
-
-
withholding
8
122
-
-
total
113
165
-
-
Income
1 050
1 050
1 050
1 050
Total tax
478
404
385
435
After tax
572
646
665
615
Living cost
634
634
634
634
Free-cash
-62
12
31
-19

Estimated living cost  is $634 per week

$476
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.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$271
$398
$290
$363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
75
income
-
-
-
189
pensions
-
-
-
210
surtax
-
-
-
21
unemployment
-
-
-
3
total
-
-
-
498
Employee
393
-
867
-
surtax
1
-
19
-
income
66
-
176
-
other
-
-
-
-
pensions
26
-
58
-
health
10
-
22
-
unemployment
27
-
60
-
total
130
-
335
-
Employer
393
-
867
-
other
-
-
-
-
unemployment
12
-
27
-
health
18
-
39
-
pensions
52
-
116
-
total
82
-
182
-
Corporate
574
1 050
-
-
income
149
273
-
-
total
149
273
-
-
Dividends
425
777
-
-
withholding
64
117
-
-
total
64
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
390
517
498
After tax
625
660
533
552
Living cost
262
262
262
262
Free-cash
363
398
271
290

Estimated living cost  is $262 per week

$158
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$179
$238
$229
$212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
270
national
-
-
-
215
regional
-
-
-
16
municipal
-
-
-
6
total
-
-
-
507
Employee
648
-
1 050
-
social contributions
218
-
354
-
municipal
3
-
6
-
national
103
-
183
-
regional
9
-
14
-
total
333
-
557
-
Employer
648
-
1 050
-
total
-
-
-
-
Corporate
402
1 050
-
-
nationa
97
252
-
-
municipal
20
52
-
-
total
117
304
-
-
Dividends
286
746
-
-
withholding
74
194
-
-
total
74
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
524
498
557
507
After tax
526
552
493
543
Living cost
314
314
314
314
Free-cash
212
238
179
229

Estimated living cost  is $314 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$177
$367
$156
$241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
307
health
-
-
-
142
income
-
-
-
90
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
521
-
784
-
social contributions
34
-
51
-
solidarity contribution
-
-
-
-
income
63
-
94
-
health
70
-
106
-
total
167
-
251
-
Employer
521
-
784
-
health
47
-
71
-
social contributions
130
-
196
-
total
177
-
267
-
Corporate
351
1 050
-
-
income
67
200
-
-
total
67
200
-
-
Dividends
285
850
-
-
withholding
43
128
-
-
total
43
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
328
518
539
After tax
596
722
532
511
Living cost
355
355
355
355
Free-cash
241
367
177
156

Estimated living cost  is $355 per week

$264
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-$30
$219
$172
$216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
80
income
-
-
-
156
chamber of commerce
-
-
-
4
pensions
-
-
-
194
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
506
Employee
510
465
815
-
income
45
34
134
-
other
5
5
8
-
pensions
52
48
83
-
health
20
18
32
-
unemployment
15
14
24
-
total
137
119
281
-
Employer
510
465
815
-
other
24
22
39
-
unemployment
15
14
24
-
health
19
18
31
-
surtax
-
-
-
-
accident
7
6
11
-
pensions
64
58
102
-
payroll
15
14
24
-
chamber of commerce
2
2
3
-
total
146
134
234
-
Corporate
393
451
771
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

98
113
193
-
total
98
113
193
-
Dividends
295
338
-
-
withholding
81
93
-
-
total
81
93
-
-
Income
1 050
1 050
1 050
1 050
Total tax
462
459
708
506
After tax
588
591
342
544
Living cost
372
372
372
372
Free-cash
216
219
-30
172

Estimated living cost  is $372 per week

$223
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$688
$846
$888
$817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
190
-
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%.

860
1 050
-
-
total
-
-
-
-
Dividends
860
1 050
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
81
52
210
10
After tax
969
998
840
1 040
Living cost
152
152
152
152
Free-cash
817
846
688
888

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$205
$410
$235
$313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
103
income
-
-
-
205
pensions
-
-
-
192
unemployment
-
-
-
2
total
-
-
-
502
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.

516
-
909
-
income
89
-
189
-
pensions
80
-
141
-
health
33
-
59
-
unemployment
1
-
1
-
total
203
-
390
-
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.

516
-
909
-
unemployment
-
-
1
-
health
34
-
61
-
pensions
46
-
80
-
total
80
-
142
-
Corporate
453
1 050
-
-
income
86
199
-
-
total
86
199
-
-
Dividends
367
851
-
-
withholding
55
128
-
-
total
55
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
424
327
532
502
After tax
626
723
518
548
Living cost
313
313
313
313
Free-cash
313
410
205
235

Estimated living cost  is $313 per week

$215
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$363
$113
$199
-$768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
120
income
-
-
-
205
total
-
-
-
325
Employee
755
-
-
-
social contributions
62
-
9
-
income
166
-
-
-
total
228
-
9
-
Employer
755
-
-
-
social contributions
1 064
-
152
-
total
1 064
-
152
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 292
411
161
325
After tax
-242
639
889
725
Living cost
526
526
526
526
Free-cash
-768
113
363
199

Estimated living cost  is $526 per week

$341
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.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$176
$231
$225
$219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
365
income
-
-
-
94
surtax
-
-
-
-
total
-
-
-
459
Employee
537
-
848
-
surtax
-
-
-
-
social contributions
59
-
93
-
income
112
-
213
-
total
171
-
306
-
Employer
537
-
848
-
social contributions
128
-
202
-
total
128
-
202
-
Corporate
386
1 050
-
-
surtax
-
-
-
-
income
81
221
-
-
total
81
221
-
-
Dividends
305
829
-
-
withholding
85
232
-
-
total
85
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
453
508
459
After tax
585
597
542
591
Living cost
366
366
366
366
Free-cash
219
231
176
225

Estimated living cost  is $366 per week

$274
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.
$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 Lisbon model

Close
Paris , France
$41
-$35
$44
$46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
33
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
83
pensions
-
-
-
283
surtax
-
-
-
-
total
-
-
-
442
Employee
731
-
800
-
surtax
-
-
-
-
social contributions
21
-
23
-
income
64
-
82
-
pensions
83
-
91
-
total
168
-
196
-
Employer
731
-
800
-
other
25
-
28
-
unemployment
30
-
32
-
health
51
-
56
-
pensions
120
-
131
-
social contributions
2
-
2
-
total
228
-
249
-
Corporate
90
1 050
-
-
surtax
-
-
-
-
income
25
294
-
-
total
25
294
-
-
Dividends
65
756
-
-
social contributions
11
130
-
-
surtax
-
-
-
-
withholding
8
97
-
-
total
19
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
440
521
445
442
After tax
610
529
605
608
Living cost
564
564
564
564
Free-cash
46
-35
41
44

Estimated living cost  is $564 per week

$382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$483
$594
$454
$555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
375
-
909
-
income
-
-
16
-
social contributions
24
-
59
-
total
24
-
75
-
Employer
375
-
909
-
social contributions
58
-
141
-
total
58
-
141
-
Corporate
617
1 050
-
-
income
62
105
-
-
total
62
105
-
-
Dividends
555
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
144
105
216
245
After tax
906
945
834
805
Living cost
351
351
351
351
Free-cash
555
594
483
454

Estimated living cost  is $351 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$1488
-$1488
$96
-$1488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10
national
-
-
-
110
municipal
-
-
-
190
total
-
-
-
393
Employee
2 369
2 369
2 369
-
labour market
189
189
189
-
municipal
504
504
504
-
national
289
289
289
-
pensions
3
3
3
-
total
985
985
985
-
Employer
2 369
2 369
2 369
-
national
290
290
290
-
labour market
190
190
190
-
pensions
7
7
7
-
municipal
505
505
505
-
total
992
992
992
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 977
1 977
1 977
393
After tax
-927
-927
-927
657
Living cost
561
561
561
561
Free-cash
-1 488
-1 488
-1 488
96

Estimated living cost  is $561 per week

$384
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.
$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.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$279
-$170
$466
$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
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
247
pensions
-
-
-
49
total
-
-
-
329
Employee
401
-
884
-
income
55
-
159
-
pensions
45
-
90
-
health
46
-
101
-
total
146
-
350
-
Employer
401
-
884
-
unemployment
10
-
22
-
accident
7
-
15
-
pensions
65
-
129
-
total
82
-
166
-
Corporate
568
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.

511
945
-
-
total
511
945
-
-
Dividends
57
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
750
965
516
329
After tax
300
85
534
721
Living cost
255
255
255
255
Free-cash
45
-170
279
466

Estimated living cost  is $255 per week

$185
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.
$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

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
$160
$260
$311
$220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
93
municipal
-
-
-
187
total
-
-
-
291
Employee
614
-
883
-
municipal
101
-
144
-
national
10
-
49
-
pensions
41
-
60
-
health
5
-
9
-
unemployment
9
-
13
-
total
166
-
275
-
Employer
614
-
883
-
unemployment
4
-
6
-
health
5
-
7
-
accident
1
-
1
-
pensions
107
-
153
-
total
117
-
167
-
Corporate
320
1 050
-
-
income
64
210
-
-
total
64
210
-
-
Dividends

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

192
630
-
-
national
-
19
-
-
municipal
35
113
-
-
total
35
132
-
-
Income
1 050
1 050
1 050
1 050
Total tax
382
342
442
291
After tax
668
708
608
759
Living cost
448
448
448
448
Free-cash
220
260
160
311

Estimated living cost  is $448 per week

$293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$490
$498
$490
$435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
164
health
-
-
-
27
income
-
-
-
99
total
-
-
-
290
Employee
898
898
953
-
social contributions
34
75
79
-
income
98
83
98
-
health
7
15
16
-
total
139
173
193
-
Employer
898
898
953
-
health
8
17
18
-
social contributions
34
75
79
-
total
42
92
97
-
Corporate
600
61
-
-
income
75
8
-
-
total
75
8
-
-
Dividends
525
54
-
-
withholding
89
9
-
-
total
89
9
-
-
Income
1 050
1 050
1 050
1 050
Total tax
345
282
290
290
After tax
705
768
760
760
Living cost
270
270
270
270
Free-cash
435
498
490
490

Estimated living cost  is $270 per week

$162
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$463
$684
$650
$625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
42
income
-
-
-
99
pensions
-
-
-
74
unemployment
-
-
-
-
total
-
-
-
215
Employee

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

268
-
952
-
income
18
-
75
-
pensions
40
-
143
-
health
23
-
81
-
unemployment
1
-
5
-
total
82
-
304
-
Employer

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

268
-
952
-
unemployment
1
-
5
-
health
12
-
41
-
pensions
15
-
52
-
total
28
-
98
-
Corporate
754
1 050
-
-
income
68
95
-
-
total
68
95
-
-
Dividends
687
955
-
-
withholding
62
86
-
-
total
62
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
240
181
402
215
After tax
810
869
648
835
Living cost
185
185
185
185
Free-cash
625
684
463
650

Estimated living cost  is $185 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$242
$387
$235
$326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
unemployment
-
-
-
7
total
-
-
-
494
Employee
432
-
796
-
income
83
-
183
-
other
-
-
1
-
pensions
20
-
37
-
unemployment
7
-
12
-
total
110
-
233
-
Employer
432
-
796
-
other
3
-
6
-
unemployment
24
-
44
-
accident
9
-
16
-
pensions
102
-
188
-
total
138
-
254
-
Corporate
481
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.

72
157
-
-
total
72
157
-
-
Dividends
409
893
-
-
withholding
83
185
-
-
total
83
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
342
487
494
After tax
647
708
563
556
Living cost
321
321
321
321
Free-cash
326
387
242
235

Estimated living cost  is $321 per week

$217
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.
$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 Valencia model

Close
Istanbul , Turkey
$646
$633
$648
$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
health
-
-
-
11
income
-
-
-
353
pensions
-
-
-
16
total
-
-
-
380
Employee
33
-
1 032
-
income
6
-
352
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
364
-
Employer
33
-
1 032
-
unemployment
1
-
2
-
health
3
-
7
-
pensions
4
-
9
-
total
8
-
18
-
Corporate
1 010
1 050
-
-
income
222
231
-
-
total
222
231
-
-
Dividends
788
819
-
-
withholding
158
164
-
-
total
158
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
399
395
382
380
After tax
651
655
668
670
Living cost
22
22
22
22
Free-cash
629
633
646
648

Estimated living cost  is $22 per week

$13
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.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$341
$556
$339
$499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
89
income
-
-
-
183
pensions
-
-
-
224
unemployment
-
-
-
13
total
-
-
-
509
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.

304
-
896
-
income
42
-
183
-
pensions
43
-
121
-
health
16
-
44
-
unemployment
2
-
6
-
total
103
-
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.

304
-
896
-
unemployment
2
-
6
-
health
16
-
44
-
pensions
36
-
103
-
total
54
-
153
-
Corporate
692
1 050
-
-
income
104
158
-
-
total
104
158
-
-
Dividends
588
892
-
-
withholding
88
134
-
-
total
88
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
349
292
507
509
After tax
701
758
543
541
Living cost
202
202
202
202
Free-cash
499
556
341
339

Estimated living cost  is $202 per week

$136
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$227
$282
$276
$277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
social contributions

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

-
-
-
365
income
-
-
-
94
surtax
-
-
-
-
total
-
-
-
459
Employee
453
-
848
-
surtax
-
-
-
-
social contributions
50
-
93
-
income
89
-
213
-
total
139
-
306
-
Employer
453
-
848
-
social contributions
108
-
202
-
total
108
-
202
-
Corporate
489
1 050
-
-
surtax
-
-
-
-
income
103
221
-
-
total
103
221
-
-
Dividends
387
829
-
-
withholding
108
232
-
-
total
108
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
458
453
508
459
After tax
592
597
542
591
Living cost
315
315
315
315
Free-cash
277
282
227
276

Estimated living cost  is $315 per week

$223
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.
$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 Porto model

Close
Madrid , Spain
$153
$298
$146
$208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
1
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
unemployment
-
-
-
7
total
-
-
-
494
Employee
564
-
796
-
income
118
-
183
-
other
1
-
1
-
pensions
26
-
37
-
unemployment
9
-
12
-
total
154
-
233
-
Employer
564
-
796
-
other
5
-
6
-
unemployment
31
-
44
-
accident
11
-
16
-
pensions
133
-
188
-
total
180
-
254
-
Corporate
306
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.

46
157
-
-
total
46
157
-
-
Dividends
260
893
-
-
withholding
52
185
-
-
total
52
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
432
342
487
494
After tax
618
708
563
556
Living cost
410
410
410
410
Free-cash
208
298
153
146

Estimated living cost  is $410 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Madrid model

Close
Sofia , Bulgaria
$616
$699
$585
$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
health
-
-
-
47
income
-
-
-
157
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
266
Employee
264
-
971
-
income
26
-
97
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
156
-
Employer
264
-
971
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
734
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
661
945
-
-
withholding
33
47
-
-
total
33
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
222
152
235
266
After tax
828
898
815
784
Living cost
199
199
199
199
Free-cash
629
699
616
585

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$309
$91
$236
$244
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
80
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.

-
-
-
199
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
trade
-
-
-
73
total
-
-
-
363
Employee

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

581
-
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.

48
-
199
-
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.

80
-
80
-
total
131
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
469
1 050
-
-
chamber of commerce
2
3
-
-
surtax

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

4
9
-
-
trade
67
151
-
-
income
70
157
-
-
total
143
320
-
-
Dividends
325
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
77
178
-
-
total
81
188
-
-
Income
1 050
1 050
1 050
1 050
Total tax
355
508
290
363
After tax
695
542
760
687
Living cost
451
451
451
451
Free-cash
244
91
309
236

Estimated living cost  is $451 per week

$311
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.
$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 Berlin model

Close
Dublin , Ireland
$67
$70
$67
$96
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
227
social contributions
-
-
-
91
total
-
-
-
318
Employee
913
-
1 050
-
income
172
-
227
-
social contributions
76
-
91
-
total
248
-
318
-
Employer
913
-
1 050
-
total
-
-
-
-
Corporate
137
1 050
-
-
income
17
131
-
-
total
17
131
-
-
Dividends
120
919
-
-
withholding
24
184
-
-
total
24
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
289
315
318
318
After tax
761
735
732
732
Living cost
665
665
665
665
Free-cash
96
70
67
67

Estimated living cost  is $665 per week

$506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$345
$197
$222
$254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 050
income
-
-
-
332
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
-
-
-
404
Employee
536
-
996
-
income
58
-
173
-
social contributions
54
-
54
-
total
112
-
227
-
Employer
536
-
996
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
461
1 050
-
-
income
161
367
-
-
total
161
367
-
-
Dividends
300
683
-
-
social contributions
45
62
-
-
total
45
62
-
-
Income
1 050
1 050
1 050
1 050
Total tax
372
429
281
404
After tax
678
621
769
646
Living cost
424
424
424
424
Free-cash
254
197
345
222

Estimated living cost  is $424 per week

$279
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$232
$357
$347
$293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
199
pensions
-
-
-
75
total
-
-
-
274
Employee
589
-
926
-
income
107
-
165
-
health
8
-
15
-
pensions
45
-
85
-
total
160
-
265
-
Employer
589
-
926
-
health
11
-
18
-
pensions
59
-
106
-
total
70
-
124
-
Corporate
391
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.

74
200
-
-
total
74
200
-
-
Dividends
317
850
-
-
withholding
24
64
-
-
total
24
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
328
264
389
274
After tax
722
786
661
776
Living cost
429
429
429
429
Free-cash
293
357
232
347

Estimated living cost  is $429 per week

$294
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.
$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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$254
-$195
$441
$42
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
247
pensions
-
-
-
49
total
-
-
-
329
Employee
440
-
884
-
income
60
-
159
-
pensions
50
-
90
-
health
50
-
101
-
total
160
-
350
-
Employer
440
-
884
-
unemployment
11
-
22
-
accident
7
-
15
-
pensions
72
-
129
-
total
90
-
166
-
Corporate
520
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.

468
945
-
-
total
468
945
-
-
Dividends
52
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
728
965
516
329
After tax
322
85
534
721
Living cost
280
280
280
280
Free-cash
42
-195
254
441

Estimated living cost  is $280 per week

$205
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.
$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

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
$478
$736
$446
$679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
health insurance
-
-
-
78
work injury
-
-
-
5
pensions
-
-
-
193
unemployment
-
-
-
13
total
-
-
-
447
Employee

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

252
-
1 050
-
income
25
-
158
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
46
-
172
-
unemployment
3
-
11
-
total
94
-
415
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
798
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
798
1 050
-
-
withholding
120
157
-
-
total
120
157
-
-
Income
1 050
1 050
1 050
1 050
Total tax
214
157
415
447
After tax
836
893
635
603
Living cost
157
157
157
157
Free-cash
679
736
478
446

Estimated living cost  is $157 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
$25
$88
$73
$35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
270
national
-
-
-
215
regional
-
-
-
20
municipal
-
-
-
7
total
-
-
-
512
Employee
984
-
1 050
-
social contributions
332
-
354
-
municipal
6
-
6
-
national
166
-
183
-
regional
15
-
17
-
total
519
-
560
-
Employer
984
-
1 050
-
total
-
-
-
-
Corporate
66
1 050
-
-
nationa
16
252
-
-
municipal
3
51
-
-
total
19
303
-
-
Dividends
47
747
-
-
withholding
12
194
-
-
total
12
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
550
497
560
512
After tax
500
553
490
538
Living cost
465
465
465
465
Free-cash
35
88
25
73

Estimated living cost  is $465 per week

$327
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.
$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

Source of data for Rome model

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Estimated living cost

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