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
$307
$407
$179
$327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
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
total
-
-
-
370
Employee

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

446
-
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
-
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.

12
-
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.

1
-
11
-
total
93
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
604
1 050
-
-
income
91
157
-
-
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
-
-
total
194
334
-
-
Dividends
411
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
353
353
353
353
Free-cash
307
179
407
327

Estimated living cost  is $353 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
$25
$40
$49
$32
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
11
municipal
-
-
-
108
pensions
-
-
-
126
national
-
-
-
167
total
-
-
-
412
Employee
939
-
908
-
pensions
38
-
36
-
municipal
116
-
112
-
national
180
-
173
-
total
334
-
321
-
Employer
939
-
908
-
pensions
75
-
73
-
social contributions
10
-
10
-
total
85
-
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
419
395
404
412
After tax
631
655
646
638
Living cost
606
606
606
606
Free-cash
25
49
40
32

Estimated living cost  is $606 per week

$412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
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.
$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

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
$502
$351
$598
$319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
340
-
846
-
social contributions

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

37
-
93
-
income
61
-
160
-
surtax
-
-
-
-
total
98
-
253
-
Employer
340
-
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
628
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%.

126
210
-
-
total
126
210
-
-
Dividends

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

502
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
242
242
242
242
Free-cash
502
598
351
319

Estimated living cost  is $242 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
-$107
-$107
-$41
$109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
pensions
-
-
-
136
total
-
-
-
453
Employee
995
995
995
-
pensions
179
136
179
-
health
153
130
153
-
income

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

163
163
163
-
total
495
429
495
-
Employer
995
995
995
-
pensions
69
69
69
-
health
69
69
69
-
unemployment
36
36
36
-
total
174
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
669
603
669
453
After tax
381
447
381
597
Living cost
488
488
488
488
Free-cash
-107
-41
-107
109

Estimated living cost  is $488 per week

$346
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$86
$84
$96
$47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
2
health
-
-
-
65
municipal
-
-
-
223
pensions
-
-
-
113
other
-
-
-
122
unemployment
-
-
-
1
national
-
-
-
-
total
-
-
-
526
Employee
680
-
799
-
municipal
203
-
238
-
national
-
-
-
-
total
203
-
238
-
Employer
680
-
799
-
pensions
74
-
86
-
other
79
-
93
-
health
42
-
49
-
unemployment
18
-
21
-
accident
1
-
2
-
total
214
-
251
-
Corporate
156
1 050
-
-
income
34
231
-
-
total
34
231
-
-
Dividends
122
819
-
-
withholding
36
246
-
-
total
36
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
487
477
489
526
After tax
563
573
561
524
Living cost
477
477
477
477
Free-cash
86
96
84
47

Estimated living cost  is $477 per week

$316
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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$230
$302
$68
$218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
84
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
total
-
-
-
374
Employee

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

591
-
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
-
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.

51
-
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.

3
-
11
-
total
134
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
459
1 050
-
-
income
69
157
-
-
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
76
173
-
-
total
151
342
-
-
Dividends
309
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
73
173
-
-
total
77
182
-
-
Income
1 050
1 050
1 050
1 050
Total tax
362
524
290
374
After tax
688
526
760
676
Living cost
458
458
458
458
Free-cash
230
68
302
218

Estimated living cost  is $458 per week

$306
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$342
$382
$392
$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
social contributions
-
-
-
164
health
-
-
-
27
income
-
-
-
99
total
-
-
-
290
Employee
896
896
953
-
health
9
15
16
-
social contributions
44
74
79
-
income
94
83
98
-
total
147
172
193
-
Employer
896
896
953
-
health
10
17
18
-
social contributions
44
74
79
-
total
54
91
97
-
Corporate
472
63
-
-
income
59
8
-
-
total
59
8
-
-
Dividends
413
55
-
-
withholding
70
9
-
-
total
70
9
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
280
290
290
After tax
720
770
760
760
Living cost
378
378
378
378
Free-cash
342
392
382
382

Estimated living cost  is $378 per week

$258
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
$381
$394
$377
$513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

310
123
879
-
unemployment
5
2
13
-
pensions
31
12
88
-
health
22
9
62
-
income
38
15
107
-
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.

310
123
879
-
pensions
60
24
171
-
total
60
24
171
-
Corporate
680
903
-
-
income
61
81
-
-
total
61
81
-
-
Dividends
619
821
-
-
social contributions
119
159
-
-
withholding
118
156
-
-
total
237
315
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
458
441
322
After tax
596
592
609
728
Living cost
215
215
215
215
Free-cash
381
377
394
513

Estimated living cost  is $215 per week

$146
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$486
$324
$559
$282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
health
-
-
-
136
income
-
-
-
141
pensions
-
-
-
210
total
-
-
-
487
Employee
330
-
785
-
unemployment
5
-
13
-
pensions
7
-
16
-
income
37
-
151
-
total
49
-
180
-
Employer
330
-
785
-
pensions
66
-
157
-
health
43
-
102
-
unemployment
3
-
6
-
total
112
-
265
-
Corporate
608
1 050
-
-
income
122
210
-
-
total
122
210
-
-
Dividends
486
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
283
210
445
487
After tax
767
840
605
563
Living cost
281
281
281
281
Free-cash
486
559
324
282

Estimated living cost  is $281 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
$45
$275
-$174
$463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
246
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
328
Employee
408
-
884
-
pensions
46
-
90
-
health
47
-
101
-
income
56
-
158
-
total
149
-
349
-
Employer
408
-
884
-
pensions
66
-
130
-
unemployment
10
-
22
-
accident
7
-
15
-
total
83
-
167
-
Corporate
559
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.

503
945
-
-
total
503
945
-
-
Dividends
56
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
746
965
516
328
After tax
304
85
534
722
Living cost
259
259
259
259
Free-cash
45
-174
275
463

Estimated living cost  is $259 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$884
$744
$902
$944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
120
-
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%.

930
1 050
-
-
total
-
-
-
-
Dividends
930
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
96
96
96
96
Free-cash
884
902
744
944

Estimated living cost  is $96 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
$383
$305
$462
$259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
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
other
-
-
-
50
total
-
-
-
481
Employee
423
-
839
-
unemployment
4
-
8
-
pensions

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

30
-
59
-
health
6
-
12
-
income
73
-
144
-
total
113
-
223
-
Employer
423
-
839
-
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
-
other
21
-
42
-
health
6
-
12
-
unemployment
4
-
8
-
accident
3
-
7
-
total
106
-
212
-
Corporate
520
1 050
-
-
income
109
220
-
-
total
109
220
-
-
Dividends
411
830
-
-
withholding
29
58
-
-
total
29
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
357
278
435
481
After tax
693
772
615
569
Living cost
310
310
310
310
Free-cash
383
462
305
259

Estimated living cost  is $310 per week

$219
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
-$177
-$103
$23
$11
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
201
pensions
-
-
-
75
total
-
-
-
276
Employee
1 079
-
926
-
pensions
104
-
86
-
health
18
-
15
-
income
195
-
165
-
total
317
-
266
-
Employer
1 079
-
926
-
pensions
127
-
106
-
health
20
-
18
-
total
147
-
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
464
264
390
276
After tax
586
786
660
774
Living cost
763
763
763
763
Free-cash
-177
23
-103
11

Estimated living cost  is $763 per week

$572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$90
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$692
$662
$745
$630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
267
Employee
202
-
970
-
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
-
income
20
-
97
-
total
49
-
156
-
Employer
202
-
970
-
pensions

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

22
-
45
-
health
14
-
28
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
39
-
79
-
Corporate
808
1 050
-
-
income
81
105
-
-
total
81
105
-
-
Dividends
727
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
205
152
235
267
After tax
845
898
815
783
Living cost
153
153
153
153
Free-cash
692
745
662
630

Estimated living cost  is $153 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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$219
-$265
-$199
-$49
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
pensions
-
-
-
136
total
-
-
-
453
Employee
1 080
995
995
-
pensions
136
136
179
-
health
135
130
153
-
income

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

163
163
163
-
total
434
429
495
-
Employer
1 080
995
995
-
pensions
75
69
69
-
health
75
69
69
-
unemployment
39
36
36
-
total
189
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
623
603
669
453
After tax
427
447
381
597
Living cost
646
646
646
646
Free-cash
-219
-199
-265
-49

Estimated living cost  is $646 per week

$476
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.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$332
$243
$434
$222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
307
health
-
-
-
142
income
-
-
-
90
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
425
-
784
-
solidarity contribution
-
-
-
-
health
57
-
106
-
social contributions
28
-
51
-
income
51
-
94
-
total
136
-
251
-
Employer
425
-
784
-
health
38
-
71
-
social contributions
106
-
196
-
total
144
-
267
-
Corporate
481
1 050
-
-
income
91
199
-
-
total
91
199
-
-
Dividends
389
851
-
-
withholding
58
128
-
-
total
58
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
429
327
518
539
After tax
621
723
532
511
Living cost
289
289
289
289
Free-cash
332
434
243
222

Estimated living cost  is $289 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$7
$5
$68
$56
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6
regional
-
-
-
11
national
-
-
-
215
total
-
-
-
502
Employee
1 035
-
1 050
-
regional
10
-
10
-
municipal
5
-
6
-
national
179
-
183
-
social contributions
349
-
354
-
total
543
-
553
-
Employer
1 035
-
1 050
-
total
-
-
-
-
Corporate
15
1 050
-
-
municipal
1
41
-
-
nationa
4
252
-
-
total
5
293
-
-
Dividends
11
757
-
-
withholding
3
197
-
-
total
3
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
551
490
553
502
After tax
499
560
497
548
Living cost
492
492
492
492
Free-cash
7
68
5
56

Estimated living cost  is $492 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
$366
$276
$403
$295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
75
income
-
-
-
189
surtax
-
-
-
21
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
498
Employee
385
-
867
-
unemployment
27
-
60
-
pensions
26
-
58
-
health
10
-
22
-
income
65
-
176
-
other
-
-
-
-
surtax
1
-
19
-
total
129
-
335
-
Employer
385
-
867
-
pensions
51
-
116
-
other
-
-
-
-
health
18
-
39
-
unemployment
12
-
27
-
total
81
-
182
-
Corporate
584
1 050
-
-
income
152
273
-
-
total
152
273
-
-
Dividends
432
777
-
-
withholding
65
117
-
-
total
65
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
427
390
517
498
After tax
623
660
533
552
Living cost
257
257
257
257
Free-cash
366
403
276
295

Estimated living cost  is $257 per week

$157
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
$177
$139
$265
$253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
201
pensions
-
-
-
75
total
-
-
-
276
Employee
723
-
926
-
pensions
61
-
86
-
health
10
-
15
-
income
130
-
165
-
total
201
-
266
-
Employer
723
-
926
-
pensions
78
-
106
-
health
14
-
18
-
total
92
-
124
-
Corporate
235
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.

45
200
-
-
total
45
200
-
-
Dividends
190
850
-
-
withholding
14
64
-
-
total
14
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
352
264
390
276
After tax
698
786
660
774
Living cost
521
521
521
521
Free-cash
177
265
139
253

Estimated living cost  is $521 per week

$390
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$136
-$99
-$446
-$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
health
-
-
-
3
pensions
-
-
-
97
other

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

-
-
-
21
regional
-
-
-
33
city
-
-
-
11
national
-
-
-
5
total
-
-
-
170
Employee
1 084
-
940
-
unemployment
-
-
-
-
pensions
91
-
79
-
regional
35
-
28
-
national
5
-
4
-
health
2
-
2
-
city
12
-
10
-
total
145
-
123
-
Employer
1 084
-
940
-
pensions
91
-
79
-
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
-
health
2
-
2
-
unemployment
-
-
-
-
total
115
-
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
260
570
223
170
After tax
790
480
827
880
Living cost
926
926
926
926
Free-cash
-136
-446
-99
-46

Estimated living cost  is $926 per week

$602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$83
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$175
$226
-$13
$139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
trade
-
-
-
87
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
total
-
-
-
377
Employee

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

700
-
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
-
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.

82
-
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.

5
-
11
-
total
167
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
350
1 050
-
-
income
52
157
-
-
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
-
-
total
117
349
-
-
Dividends
232
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
54
171
-
-
total
57
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
341
529
290
377
After tax
709
521
760
673
Living cost
534
534
534
534
Free-cash
175
-13
226
139

Estimated living cost  is $534 per week

$390
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
$200
$207
$130
$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
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
84
surtax
-
-
-
-
pensions
-
-
-
283
other
-
-
-
33
total
-
-
-
443
Employee
499
-
800
-
pensions
56
-
90
-
social contributions
14
-
23
-
income
29
-
82
-
surtax
-
-
-
-
total
99
-
195
-
Employer
499
-
800
-
pensions
82
-
131
-
other
17
-
28
-
health
35
-
56
-
unemployment
20
-
32
-
social contributions
2
-
2
-
total
156
-
249
-
Corporate
396
1 050
-
-
income
111
294
-
-
surtax
-
-
-
-
total
111
294
-
-
Dividends
285
756
-
-
surtax
-
-
-
-
social contributions
49
130
-
-
withholding
36
97
-
-
total
85
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
451
521
444
443
After tax
599
529
606
607
Living cost
399
399
399
399
Free-cash
200
130
207
208

Estimated living cost  is $399 per week

$251
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
$236
$247
$170
$248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
84
surtax
-
-
-
-
pensions
-
-
-
283
other
-
-
-
33
total
-
-
-
443
Employee
445
-
800
-
pensions
50
-
90
-
social contributions
13
-
23
-
income
23
-
82
-
surtax
-
-
-
-
total
86
-
195
-
Employer
445
-
800
-
pensions
73
-
131
-
other
15
-
28
-
health
31
-
56
-
unemployment
18
-
32
-
social contributions
1
-
2
-
total
138
-
249
-
Corporate
466
1 050
-
-
income
130
294
-
-
surtax
-
-
-
-
total
130
294
-
-
Dividends
336
756
-
-
surtax
-
-
-
-
social contributions
58
130
-
-
withholding
43
97
-
-
total
101
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
521
444
443
After tax
595
529
606
607
Living cost
359
359
359
359
Free-cash
236
170
247
248

Estimated living cost  is $359 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$399
$435
$393
$428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
395
-
1 050
-
health
28
-
73
-
social contributions
55
-
145
-
income
66
-
150
-
total
149
-
368
-
Employer
395
-
1 050
-
total
-
-
-
-
Corporate
655
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
52
-
-
total
33
52
-
-
Dividends
622
998
-
-
health
43
70
-
-
social contributions
86
138
-
-
withholding
93
150
-
-
total
222
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
410
368
375
After tax
646
640
682
675
Living cost
247
247
247
247
Free-cash
399
393
435
428

Estimated living cost  is $247 per week

$165
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
$163
-$68
$180
$133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
health
-
-
-
80
surtax
-
-
-
2
income
-
-
-
156
chamber of commerce
-
-
-
4
pensions
-
-
-
194
unemployment
-
-
-
71
total
-
-
-
507
Employee
582
464
814
-
unemployment
17
14
24
-
pensions
60
48
83
-
health
23
18
31
-
income
66
34
134
-
other
6
5
8
-
total
172
119
280
-
Employer
582
464
814
-
chamber of commerce
2
2
3
-
pensions
73
58
102
-
other
28
22
39
-
health
22
18
31
-
unemployment
17
14
24
-
accident
8
6
11
-
surtax
2
2
2
-
payroll
17
14
24
-
total
169
136
236
-
Corporate
298
450
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.

75
112
192
-
total
75
112
192
-
Dividends
224
337
-
-
withholding
61
93
-
-
total
61
93
-
-
Income
1 050
1 050
1 050
1 050
Total tax
477
460
708
507
After tax
573
590
342
543
Living cost
410
410
410
410
Free-cash
163
180
-68
133

Estimated living cost  is $410 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
-$24
-$8
$165
$81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
158
communal

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

-
-
-
54
national
-
-
-
332
total
-
-
-
544
Employee

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

833
-
813
-
unemployment

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

7
-
7
-
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.

62
-
61
-
national
256
-
248
-
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.

43
-
42
-
total
407
-
396
-
Employer

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

833
-
813
-
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
-
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
-
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
-
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
-
surtax
94
-
92
-
total
242
-
237
-
Corporate
-
1 050
-
-
income
-
210
-
-
surtax
-
4
-
-
total
-
214
-
-
Dividends
-
836
-
-
withholding

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

-
246
-
-
total
-
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
649
460
633
544
After tax
401
590
417
506
Living cost
425
425
425
425
Free-cash
-24
165
-8
81

Estimated living cost  is $425 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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$194
$142
$287
$135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
494
Employee
580
-
796
-
unemployment
9
-
12
-
pensions
27
-
37
-
income
122
-
183
-
other
1
-
1
-
total
159
-
233
-
Employer
580
-
796
-
pensions
137
-
188
-
other
5
-
6
-
unemployment
32
-
44
-
accident
11
-
16
-
total
185
-
254
-
Corporate
285
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
243
893
-
-
withholding
48
185
-
-
total
48
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
435
342
487
494
After tax
615
708
563
556
Living cost
421
421
421
421
Free-cash
194
287
142
135

Estimated living cost  is $421 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
-$62
$32
$13
-$18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
health
-
-
-
74
income
-
-
-
77
surtax
-
-
-
52
pensions
-
-
-
157
communal
-
-
-
66
total
-
-
-
435
Employee
882
-
938
-
pensions
71
-
75
-
health
39
-
42
-
income
85
-
99
-
surtax
54
-
57
-
total
249
-
273
-
Employer
882
-
938
-
pensions
71
-
75
-
health
27
-
29
-
accident
8
-
8
-
total
106
-
112
-
Corporate
62
1 050
-
-
income
9
157
-
-
communal
-
71
-
-
surtax
1
11
-
-
total
10
239
-
-
Dividends
52
811
-
-
income
106
43
-
-
withholding
8
122
-
-
total
114
165
-
-
Income
1 050
1 050
1 050
1 050
Total tax
479
404
385
435
After tax
571
646
665
615
Living cost
633
633
633
633
Free-cash
-62
13
32
-18

Estimated living cost  is $633 per week

$475
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
$362
$271
$398
$290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
health
-
-
-
75
income
-
-
-
189
surtax
-
-
-
21
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
498
Employee
392
-
867
-
unemployment
27
-
60
-
pensions
26
-
58
-
health
10
-
22
-
income
66
-
176
-
other
-
-
-
-
surtax
1
-
19
-
total
130
-
335
-
Employer
392
-
867
-
pensions
52
-
116
-
other
-
-
-
-
health
18
-
39
-
unemployment
12
-
27
-
total
82
-
182
-
Corporate
575
1 050
-
-
income
150
273
-
-
total
150
273
-
-
Dividends
426
777
-
-
withholding
64
117
-
-
total
64
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
426
390
517
498
After tax
624
660
533
552
Living cost
262
262
262
262
Free-cash
362
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
$212
$179
$238
$229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6
regional
-
-
-
16
national
-
-
-
215
total
-
-
-
507
Employee
646
-
1 050
-
regional
9
-
14
-
municipal
3
-
6
-
national
102
-
183
-
social contributions
218
-
354
-
total
332
-
557
-
Employer
646
-
1 050
-
total
-
-
-
-
Corporate
404
1 050
-
-
municipal
20
52
-
-
nationa
97
252
-
-
total
117
304
-
-
Dividends
287
746
-
-
withholding
75
194
-
-
total
75
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

$195
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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$240
$176
$367
$155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
524
-
784
-
solidarity contribution
-
-
-
-
health
71
-
106
-
social contributions
34
-
51
-
income
63
-
94
-
total
168
-
251
-
Employer
524
-
784
-
health
47
-
71
-
social contributions
131
-
196
-
total
178
-
267
-
Corporate
349
1 050
-
-
income
66
199
-
-
total
66
199
-
-
Dividends
282
851
-
-
withholding
42
128
-
-
total
42
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
327
518
539
After tax
596
723
532
511
Living cost
356
356
356
356
Free-cash
240
367
176
155

Estimated living cost  is $356 per week

$265
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
$215
-$31
$219
$173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
156
chamber of commerce
-
-
-
4
pensions
-
-
-
194
unemployment
-
-
-
71
total
-
-
-
505
Employee
509
464
815
-
unemployment
15
14
24
-
pensions
52
48
83
-
health
20
18
32
-
income
45
34
135
-
other
5
5
8
-
total
137
119
282
-
Employer
509
464
815
-
chamber of commerce
2
2
3
-
pensions
64
58
102
-
other
24
22
39
-
health
19
18
31
-
unemployment
15
14
24
-
accident
7
6
11
-
surtax
-
-
-
-
payroll
15
14
24
-
total
146
134
234
-
Corporate
394
452
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.

99
113
193
-
total
99
113
193
-
Dividends
296
339
-
-
withholding
81
93
-
-
total
81
93
-
-
Income
1 050
1 050
1 050
1 050
Total tax
463
459
709
505
After tax
587
591
341
545
Living cost
372
372
372
372
Free-cash
215
219
-31
173

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
$820
$690
$848
$890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
187
-
1 050
-
income
37
-
210
-
total
37
-
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%.

863
1 050
-
-
total
-
-
-
-
Dividends
863
1 050
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
80
52
210
10
After tax
970
998
840
1 040
Living cost
150
150
150
150
Free-cash
820
848
690
890

Estimated living cost  is $150 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$314
$205
$411
$236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

515
-
909
-
unemployment
1
-
1
-
pensions
80
-
141
-
health
33
-
59
-
income
89
-
190
-
total
203
-
391
-
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.

515
-
909
-
pensions
46
-
80
-
health
34
-
61
-
unemployment
-
-
1
-
total
80
-
142
-
Corporate
455
1 050
-
-
income
86
199
-
-
total
86
199
-
-
Dividends
368
851
-
-
withholding
55
128
-
-
total
55
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
424
327
533
502
After tax
626
723
517
548
Living cost
312
312
312
312
Free-cash
314
411
205
236

Estimated living cost  is $312 per week

$214
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
-$691
$393
$135
$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
social contributions
-
-
-
120
income
-
-
-
205
total
-
-
-
325
Employee
723
-
-
-
social contributions
59
-
8
-
income
159
-
-
-
total
218
-
8
-
Employer
723
-
-
-
social contributions
1 019
-
145
-
total
1 019
-
145
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 237
411
153
325
After tax
-187
639
897
725
Living cost
504
504
504
504
Free-cash
-691
135
393
221

Estimated living cost  is $504 per week

$327
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.
$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.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$221
$177
$233
$226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
536
-
848
-
social contributions
59
-
93
-
income
111
-
213
-
surtax
-
-
-
-
total
170
-
306
-
Employer
536
-
848
-
social contributions
127
-
202
-
total
127
-
202
-
Corporate
387
1 050
-
-
income
81
220
-
-
surtax
-
-
-
-
total
81
220
-
-
Dividends
306
830
-
-
withholding
86
232
-
-
total
86
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
464
452
508
459
After tax
586
598
542
591
Living cost
365
365
365
365
Free-cash
221
233
177
226

Estimated living cost  is $365 per week

$273
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
$45
$43
-$34
$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
social contributions
-
-
-
30
health
-
-
-
13
income
-
-
-
84
surtax
-
-
-
-
pensions
-
-
-
283
other
-
-
-
33
total
-
-
-
443
Employee
730
-
800
-
pensions
83
-
90
-
social contributions
21
-
23
-
income
64
-
82
-
surtax
-
-
-
-
total
168
-
195
-
Employer
730
-
800
-
pensions
120
-
131
-
other
25
-
28
-
health
51
-
56
-
unemployment
30
-
32
-
social contributions
2
-
2
-
total
228
-
249
-
Corporate
93
1 050
-
-
income
26
294
-
-
surtax
-
-
-
-
total
26
294
-
-
Dividends
67
756
-
-
surtax
-
-
-
-
social contributions
11
130
-
-
withholding
9
97
-
-
total
20
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
442
521
444
443
After tax
608
529
606
607
Living cost
563
563
563
563
Free-cash
45
-34
43
44

Estimated living cost  is $563 per week

$381
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
$556
$484
$595
$455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
231
income
-
-
-
14
total
-
-
-
245
Employee
374
-
909
-
social contributions
24
-
59
-
income
-
-
16
-
total
24
-
75
-
Employer
374
-
909
-
social contributions
58
-
141
-
total
58
-
141
-
Corporate
617
1 050
-
-
income
62
105
-
-
total
62
105
-
-
Dividends
556
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
350
350
350
350
Free-cash
556
595
484
455

Estimated living cost  is $350 per week

$226
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
-$1487
-$1487
-$1487
$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
municipal
-
-
-
190
pensions
-
-
-
10
labour market
-
-
-
83
national
-
-
-
110
total
-
-
-
393
Employee
2 366
2 366
2 366
-
pensions
3
3
3
-
municipal
504
504
504
-
national
289
289
289
-
labour market
189
189
189
-
total
985
985
985
-
Employer
2 366
2 366
2 366
-
municipal
505
505
505
-
pensions
7
7
7
-
national
290
290
290
-
labour market
189
189
189
-
total
991
991
991
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 976
1 976
1 976
393
After tax
-926
-926
-926
657
Living cost
561
561
561
561
Free-cash
-1 487
-1 487
-1 487
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
$46
$279
-$170
$467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
246
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
328
Employee
402
-
884
-
pensions
45
-
90
-
health
46
-
101
-
income
55
-
158
-
total
146
-
349
-
Employer
402
-
884
-
pensions
65
-
130
-
unemployment
10
-
22
-
accident
7
-
15
-
total
82
-
167
-
Corporate
566
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.

510
945
-
-
total
510
945
-
-
Dividends
57
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
749
965
516
328
After tax
301
85
534
722
Living cost
255
255
255
255
Free-cash
46
-170
279
467

Estimated living cost  is $255 per week

$186
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
$223
$161
$260
$312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 050
health
-
-
-
11
municipal
-
-
-
187
national
-
-
-
93
total
-
-
-
291
Employee
613
-
883
-
unemployment
9
-
13
-
pensions
41
-
60
-
municipal
100
-
144
-
national
10
-
49
-
health
5
-
9
-
total
165
-
275
-
Employer
613
-
883
-
pensions
106
-
153
-
health
5
-
7
-
unemployment
4
-
6
-
accident
1
-
1
-
total
116
-
167
-
Corporate
322
1 050
-
-
income
64
210
-
-
total
64
210
-
-
Dividends

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

193
630
-
-
national
-
20
-
-
municipal
35
113
-
-
total
35
133
-
-
Income
1 050
1 050
1 050
1 050
Total tax
380
343
442
291
After tax
670
707
608
759
Living cost
447
447
447
447
Free-cash
223
260
161
312

Estimated living cost  is $447 per week

$292
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
$435
$490
$500
$490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
164
health
-
-
-
27
income
-
-
-
99
total
-
-
-
290
Employee
896
896
953
-
health
7
15
16
-
social contributions
34
74
79
-
income
98
83
98
-
total
139
172
193
-
Employer
896
896
953
-
health
8
17
18
-
social contributions
34
74
79
-
total
42
91
97
-
Corporate
601
63
-
-
income
75
8
-
-
total
75
8
-
-
Dividends
526
55
-
-
withholding
89
9
-
-
total
89
9
-
-
Income
1 050
1 050
1 050
1 050
Total tax
345
280
290
290
After tax
705
770
760
760
Living cost
270
270
270
270
Free-cash
435
500
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.
$26
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
$626
$463
$685
$650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

267
-
952
-
unemployment
1
-
5
-
pensions
40
-
143
-
health
23
-
81
-
income
18
-
75
-
total
82
-
304
-
Employer

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

267
-
952
-
pensions
15
-
52
-
health
11
-
41
-
unemployment
1
-
5
-
total
27
-
98
-
Corporate
755
1 050
-
-
income
68
94
-
-
total
68
94
-
-
Dividends
687
956
-
-
withholding
62
86
-
-
total
62
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
239
180
402
215
After tax
811
870
648
835
Living cost
185
185
185
185
Free-cash
626
685
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
$327
$243
$388
$236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
494
Employee
431
-
796
-
unemployment
7
-
12
-
pensions
20
-
37
-
income
83
-
183
-
other
-
-
1
-
total
110
-
233
-
Employer
431
-
796
-
pensions
102
-
188
-
other
3
-
6
-
unemployment
24
-
44
-
accident
9
-
16
-
total
138
-
254
-
Corporate
482
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
410
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
320
320
320
320
Free-cash
327
388
243
236

Estimated living cost  is $320 per week

$216
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
$628
$644
$632
$646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
health
-
-
-
12
income
-
-
-
352
pensions
-
-
-
17
total
-
-
-
381
Employee
35
-
1 031
-
unemployment
-
-
1
-
pensions
3
-
8
-
health
2
-
4
-
income
7
-
351
-
total
12
-
364
-
Employer
35
-
1 031
-
pensions
4
-
9
-
health
3
-
8
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 007
1 050
-
-
income
222
231
-
-
total
222
231
-
-
Dividends
786
819
-
-
withholding
157
164
-
-
total
157
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
399
395
383
381
After tax
651
655
667
669
Living cost
23
23
23
23
Free-cash
628
632
644
646

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$500
$342
$558
$340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
unemployment
2
-
6
-
pensions
43
-
121
-
health
16
-
44
-
income
42
-
183
-
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
-
pensions
36
-
103
-
health
16
-
44
-
unemployment
2
-
6
-
total
54
-
153
-
Corporate
692
1 050
-
-
income
104
157
-
-
total
104
157
-
-
Dividends
588
893
-
-
withholding
88
134
-
-
total
88
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
349
291
507
509
After tax
701
759
543
541
Living cost
201
201
201
201
Free-cash
500
558
342
340

Estimated living cost  is $201 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
$280
$228
$284
$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
452
-
848
-
social contributions
50
-
93
-
income
88
-
213
-
surtax
-
-
-
-
total
138
-
306
-
Employer
452
-
848
-
social contributions
107
-
202
-
total
107
-
202
-
Corporate
491
1 050
-
-
income
103
220
-
-
surtax
-
-
-
-
total
103
220
-
-
Dividends
387
830
-
-
withholding
108
232
-
-
total
108
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
452
508
459
After tax
594
598
542
591
Living cost
314
314
314
314
Free-cash
280
284
228
277

Estimated living cost  is $314 per week

$222
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
$209
$154
$299
$147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
494
Employee
563
-
796
-
unemployment
9
-
12
-
pensions
26
-
37
-
income
118
-
183
-
other
1
-
1
-
total
154
-
233
-
Employer
563
-
796
-
pensions
133
-
188
-
other
5
-
6
-
unemployment
31
-
44
-
accident
11
-
16
-
total
180
-
254
-
Corporate
308
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
262
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
409
409
409
409
Free-cash
209
299
154
147

Estimated living cost  is $409 per week

$294
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
$627
$615
$698
$583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
267
Employee
265
-
970
-
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
-
income
27
-
97
-
total
65
-
156
-
Employer
265
-
970
-
pensions

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

29
-
45
-
health
18
-
28
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
52
-
79
-
Corporate
733
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
659
945
-
-
withholding
33
47
-
-
total
33
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
223
152
235
267
After tax
827
898
815
783
Living cost
200
200
200
200
Free-cash
627
698
615
583

Estimated living cost  is $200 per week

$133
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$243
$310
$92
$237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
trade
-
-
-
73
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
total
-
-
-
363
Employee

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

580
-
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
-
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.

48
-
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.

3
-
11
-
total
131
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
470
1 050
-
-
income
71
157
-
-
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
68
151
-
-
total
145
320
-
-
Dividends
326
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
357
508
290
363
After tax
693
542
760
687
Living cost
450
450
450
450
Free-cash
243
92
310
237

Estimated living cost  is $450 per week

$310
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
$97
$68
$71
$68
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
91
income
-
-
-
227
total
-
-
-
318
Employee
911
-
1 050
-
social contributions
76
-
91
-
income
172
-
227
-
total
248
-
318
-
Employer
911
-
1 050
-
total
-
-
-
-
Corporate
139
1 050
-
-
income
17
131
-
-
total
17
131
-
-
Dividends
122
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
664
664
664
664
Free-cash
97
71
68
68

Estimated living cost  is $664 per week

$505
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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$254
$346
$198
$223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
534
-
996
-
social contributions
54
-
54
-
income
58
-
173
-
total
112
-
227
-
Employer
534
-
996
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
462
1 050
-
-
income
162
367
-
-
total
162
367
-
-
Dividends
300
683
-
-
social contributions
45
62
-
-
total
45
62
-
-
Income
1 050
1 050
1 050
1 050
Total tax
373
429
281
404
After tax
677
621
769
646
Living cost
423
423
423
423
Free-cash
254
198
346
223

Estimated living cost  is $423 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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$298
$236
$362
$350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
201
pensions
-
-
-
75
total
-
-
-
276
Employee
581
-
926
-
pensions
44
-
86
-
health
8
-
15
-
income
106
-
165
-
total
158
-
266
-
Employer
581
-
926
-
pensions
59
-
106
-
health
11
-
18
-
total
70
-
124
-
Corporate
399
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.

76
200
-
-
total
76
200
-
-
Dividends
323
850
-
-
withholding
24
64
-
-
total
24
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
328
264
390
276
After tax
722
786
660
774
Living cost
424
424
424
424
Free-cash
298
362
236
350

Estimated living cost  is $424 per week

$291
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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
$40
$253
-$196
$441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
246
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
328
Employee
442
-
884
-
pensions
50
-
90
-
health
51
-
101
-
income
61
-
158
-
total
162
-
349
-
Employer
442
-
884
-
pensions
72
-
130
-
unemployment
11
-
22
-
accident
7
-
15
-
total
90
-
167
-
Corporate
518
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.

467
945
-
-
total
467
945
-
-
Dividends
52
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
729
965
516
328
After tax
321
85
534
722
Living cost
281
281
281
281
Free-cash
40
-196
253
441

Estimated living cost  is $281 per week

$206
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
$679
$479
$735
$446
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

252
-
1 050
-
unemployment
3
-
11
-
pensions
46
-
171
-
work injury
1
-
5
-
income
25
-
158
-
health insurance
19
-
69
-
total
94
-
414
-
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
158
-
-
total
120
158
-
-
Income
1 050
1 050
1 050
1 050
Total tax
214
158
414
447
After tax
836
892
636
603
Living cost
157
157
157
157
Free-cash
679
735
479
446

Estimated living cost  is $157 per week

$97
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
$36
$26
$89
$74
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7
regional
-
-
-
20
national
-
-
-
215
total
-
-
-
512
Employee
982
-
1 050
-
regional
15
-
17
-
municipal
6
-
6
-
national
166
-
183
-
social contributions
331
-
354
-
total
518
-
560
-
Employer
982
-
1 050
-
total
-
-
-
-
Corporate
68
1 050
-
-
municipal
3
51
-
-
nationa
16
252
-
-
total
19
303
-
-
Dividends
49
747
-
-
withholding
13
194
-
-
total
13
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
550
497
560
512
After tax
500
553
490
538
Living cost
464
464
464
464
Free-cash
36
89
26
74

Estimated living cost  is $464 per week

$326
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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