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
$409
$181
$329
$308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
200
trade
-
-
-
80
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.

-
-
-
79
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.

444
-
1 050
-
surtax

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

1
-
11
-
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.

79
-
79
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

12
-
200
-
total
92
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
606
1 050
-
-
income
91
157
-
-
trade
96
165
-
-
surtax

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

5
9
-
-
chamber of commerce
3
3
-
-
total
195
334
-
-
Dividends
412
715
-
-
withholding
99
174
-
-
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
-
-
total
104
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
391
518
290
370
After tax
659
532
760
680
Living cost
351
351
351
351
Free-cash
308
181
409
329

Estimated living cost  is $351 per week

$221
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
$36
$45
$30
$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
pensions
-
-
-
126
social contributions
-
-
-
11
municipal
-
-
-
107
national
-
-
-
166
total
-
-
-
410
Employee
946
-
908
-
municipal
117
-
112
-
pensions
38
-
36
-
national
181
-
173
-
total
336
-
321
-
Employer
946
-
908
-
social contributions
10
-
10
-
pensions
76
-
73
-
total
86
-
83
-
Corporate
-
1 050
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
210
-
-
total
-
210
-
-
Dividends
-
840
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
422
395
404
410
After tax
628
655
646
640
Living cost
610
610
610
610
Free-cash
18
45
36
30

Estimated living cost  is $610 per week

$415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$352
$599
$320
$504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 050
income
-
-
-
151
microenterprise
-
-
-
-
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
surtax
-
-
-
-
total
-
-
-
489
Employee
339
-
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.

37
-
93
-
income
60
-
160
-
total
97
-
253
-
Employer
339
-
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
630
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.

504
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
305
210
457
489
After tax
745
840
593
561
Living cost
241
241
241
241
Free-cash
504
599
352
320

Estimated living cost  is $241 per week

$154
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-$102
-$37
$110
-$102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
185
pensions
-
-
-
136
health
-
-
-
133
total
-
-
-
454
Employee
990
990
990
-
pensions
178
136
178
-
health
152
129
152
-
income

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

162
162
162
-
total
492
427
492
-
Employer
990
990
990
-
health
69
69
69
-
unemployment
36
36
36
-
pensions
69
69
69
-
total
174
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
666
601
666
454
After tax
384
449
384
596
Living cost
486
486
486
486
Free-cash
-102
-37
-102
110

Estimated living cost  is $486 per week

$344
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
$89
$101
$54
$91
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
112
other
-
-
-
120
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
65
municipal
-
-
-
224
national
-
-
-
-
total
-
-
-
524
Employee
673
-
799
-
municipal
201
-
238
-
national
-
-
-
-
total
201
-
238
-
Employer
673
-
799
-
accident
1
-
2
-
other
78
-
93
-
health
41
-
49
-
unemployment
18
-
21
-
pensions
73
-
86
-
total
211
-
251
-
Corporate
166
1 050
-
-
income
36
231
-
-
total
36
231
-
-
Dividends
129
819
-
-
withholding
39
246
-
-
total
39
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
487
477
489
524
After tax
563
573
561
526
Living cost
472
472
472
472
Free-cash
91
101
89
54

Estimated living cost  is $472 per week

$313
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.
$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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$304
$70
$220
$233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
200
trade
-
-
-
84
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.

-
-
-
79
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.

588
-
1 050
-
surtax

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

3
-
11
-
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.

79
-
79
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

51
-
200
-
total
133
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
462
1 050
-
-
income
69
157
-
-
trade
76
173
-
-
surtax

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

4
9
-
-
chamber of commerce
2
3
-
-
total
151
342
-
-
Dividends
310
708
-
-
withholding
73
173
-
-
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
-
-
total
77
182
-
-
Income
1 050
1 050
1 050
1 050
Total tax
361
524
290
374
After tax
689
526
760
676
Living cost
456
456
456
456
Free-cash
233
70
304
220

Estimated living cost  is $456 per week

$305
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
$383
$393
$383
$345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
100
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
291
Employee
892
892
953
-
social contributions
43
74
79
-
health
9
15
16
-
income
94
83
99
-
total
146
172
194
-
Employer
892
892
953
-
health
10
17
18
-
social contributions
43
74
79
-
total
53
91
97
-
Corporate
475
68
-
-
income
59
8
-
-
total
59
8
-
-
Dividends
416
59
-
-
withholding
71
10
-
-
total
71
10
-
-
Income
1 050
1 050
1 050
1 050
Total tax
329
281
291
291
After tax
721
769
759
759
Living cost
376
376
376
376
Free-cash
345
393
383
383

Estimated living cost  is $376 per week

$257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$374
$359
$493
$362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

339
135
879
-
unemployment
5
2
13
-
pensions
34
13
88
-
health
24
9
62
-
income
41
16
107
-
total
104
40
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.

339
135
879
-
pensions
66
26
171
-
total
66
26
171
-
Corporate
645
889
-
-
income
58
80
-
-
total
58
80
-
-
Dividends
587
809
-
-
withholding
112
154
-
-
social contributions
113
156
-
-
total
225
310
-
-
Income
1 050
1 050
1 050
1 050
Total tax
453
456
441
322
After tax
597
594
609
728
Living cost
235
235
235
235
Free-cash
362
359
374
493

Estimated living cost  is $235 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$325
$560
$282
$487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
141
pensions
-
-
-
210
health
-
-
-
137
total
-
-
-
488
Employee
329
-
785
-
unemployment
5
-
13
-
pensions
7
-
16
-
income
37
-
151
-
total
49
-
180
-
Employer
329
-
785
-
health
43
-
102
-
unemployment
3
-
6
-
pensions
66
-
157
-
total
112
-
265
-
Corporate
610
1 050
-
-
income
122
210
-
-
total
122
210
-
-
Dividends
488
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
283
210
445
488
After tax
767
840
605
562
Living cost
280
280
280
280
Free-cash
487
560
325
282

Estimated living cost  is $280 per week

$192
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
$279
-$171
$466
$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
income
-
-
-
248
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
328
Employee
403
-
885
-
pensions
45
-
89
-
health
46
-
101
-
income
55
-
160
-
total
146
-
350
-
Employer
403
-
885
-
accident
7
-
15
-
unemployment
10
-
22
-
pensions
65
-
128
-
total
82
-
165
-
Corporate
565
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.

509
945
-
-
total
509
945
-
-
Dividends
57
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
748
965
515
328
After tax
302
85
535
722
Living cost
256
256
256
256
Free-cash
46
-171
279
466

Estimated living cost  is $256 per week

$188
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
$741
$898
$940
$880
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
124
-
1 050
-
income
25
-
210
-
total
25
-
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%.

926
1 050
-
-
total
-
-
-
-
Dividends
926
1 050
-
-
withholding
46
53
-
-
total
46
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
71
53
210
11
After tax
979
997
840
1 039
Living cost
99
99
99
99
Free-cash
880
898
741
940

Estimated living cost  is $99 per week

$62
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$306
$463
$260
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
133
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
health
-
-
-
46
total
-
-
-
481
Employee
421
-
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.

29
-
59
-
health
6
-
12
-
income
72
-
144
-
total
111
-
223
-
Employer
421
-
839
-
accident
3
-
7
-
other
21
-
42
-
health
6
-
12
-
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.

72
-
143
-
total
106
-
212
-
Corporate
523
1 050
-
-
income
110
220
-
-
total
110
220
-
-
Dividends
413
830
-
-
withholding
29
58
-
-
total
29
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
356
278
435
481
After tax
694
772
615
569
Living cost
309
309
309
309
Free-cash
385
463
306
260

Estimated living cost  is $309 per week

$218
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
-$121
$5
-$4
-$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
income
-
-
-
197
pensions
-
-
-
75
total
-
-
-
272
Employee
1 106
-
927
-
pensions
107
-
85
-
health
18
-
15
-
income
199
-
165
-
total
324
-
265
-
Employer
1 106
-
927
-
health
21
-
18
-
pensions
131
-
106
-
total
152
-
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.

-
199
-
-
total
-
199
-
-
Dividends
-
851
-
-
withholding
-
64
-
-
total
-
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
476
263
389
272
After tax
574
787
661
778
Living cost
782
782
782
782
Free-cash
-208
5
-121
-4

Estimated living cost  is $782 per week

$586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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

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
$659
$744
$629
$691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions

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

-
-
-
61
unemployment
-
-
-
2
health
-
-
-
47
total
-
-
-
267
Employee
204
-
970
-
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
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
20
-
97
-
total
49
-
157
-
Employer
204
-
970
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
unemployment
1
-
2
-
pensions

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

22
-
45
-
total
39
-
80
-
Corporate
807
1 050
-
-
income
81
105
-
-
total
81
105
-
-
Dividends
726
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
205
152
237
267
After tax
845
898
813
783
Living cost
154
154
154
154
Free-cash
691
744
659
629

Estimated living cost  is $154 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
-$259
-$194
-$47
-$214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
185
pensions
-
-
-
136
health
-
-
-
133
total
-
-
-
454
Employee
1 075
990
990
-
pensions
136
136
178
-
health
134
129
152
-
income

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

162
162
162
-
total
432
427
492
-
Employer
1 075
990
990
-
health
75
69
69
-
unemployment
39
36
36
-
pensions
75
69
69
-
total
189
174
174
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
621
601
666
454
After tax
429
449
384
596
Living cost
643
643
643
643
Free-cash
-214
-194
-259
-47

Estimated living cost  is $643 per week

$474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$242
$433
$221
$330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
health
-
-
-
142
total
-
-
-
539
Employee
426
-
784
-
social contributions
28
-
51
-
solidarity contribution
-
-
-
-
health
58
-
106
-
income
51
-
94
-
total
137
-
251
-
Employer
426
-
784
-
health
38
-
71
-
social contributions
106
-
196
-
total
144
-
267
-
Corporate
479
1 050
-
-
income
91
199
-
-
total
91
199
-
-
Dividends
388
851
-
-
withholding
58
128
-
-
total
58
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
430
327
518
539
After tax
620
723
532
511
Living cost
290
290
290
290
Free-cash
330
433
242
221

Estimated living cost  is $290 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
$8
$71
$59
$9
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
11
social contributions
-
-
-
270
municipal
-
-
-
6
national
-
-
-
215
total
-
-
-
502
Employee
1 031
-
1 050
-
municipal
5
-
6
-
social contributions
348
-
354
-
regional
10
-
10
-
national
179
-
183
-
total
542
-
553
-
Employer
1 031
-
1 050
-
total
-
-
-
-
Corporate
19
1 050
-
-
nationa
5
252
-
-
municipal
1
41
-
-
total
6
293
-
-
Dividends
14
757
-
-
withholding
4
197
-
-
total
4
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
552
490
553
502
After tax
498
560
497
548
Living cost
489
489
489
489
Free-cash
9
71
8
59

Estimated living cost  is $489 per week

$341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$275
$404
$294
$369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
75
surtax
-
-
-
22
total
-
-
-
500
Employee
383
-
867
-
unemployment
27
-
60
-
surtax
1
-
19
-
pensions
26
-
58
-
health
10
-
22
-
other
-
-
-
-
income
64
-
177
-
total
128
-
336
-
Employer
383
-
867
-
other
-
-
-
-
health
17
-
39
-
unemployment
12
-
28
-
pensions
51
-
116
-
total
80
-
183
-
Corporate
586
1 050
-
-
income
152
273
-
-
total
152
273
-
-
Dividends
434
777
-
-
withholding
65
117
-
-
total
65
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
390
519
500
After tax
625
660
531
550
Living cost
256
256
256
256
Free-cash
369
404
275
294

Estimated living cost  is $256 per week

$156
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
$127
$253
$244
$160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
197
pensions
-
-
-
75
total
-
-
-
272
Employee
741
-
927
-
pensions
63
-
85
-
health
11
-
15
-
income
134
-
165
-
total
208
-
265
-
Employer
741
-
927
-
health
14
-
18
-
pensions
80
-
106
-
total
94
-
124
-
Corporate
214
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.

41
199
-
-
total
41
199
-
-
Dividends
173
851
-
-
withholding
13
64
-
-
total
13
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
356
263
389
272
After tax
694
787
661
778
Living cost
534
534
534
534
Free-cash
160
253
127
244

Estimated living cost  is $534 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$107
-$455
-$54
-$148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
32
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
city
-
-
-
11
health
-
-
-
3
national
-
-
-
5
total
-
-
-
169
Employee
1 094
-
940
-
city
12
-
10
-
unemployment
-
-
-
-
pensions
92
-
79
-
regional
36
-
27
-
health
2
-
2
-
national
5
-
4
-
total
147
-
122
-
Employer
1 094
-
940
-
other

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

22
-
19
-
health
2
-
2
-
unemployment
-
-
-
-
pensions
92
-
79
-
total
116
-
100
-
Corporate
-
1 050
-
-
national
-
89
-
-
regional
-
222
-
-
total
-
311
-
-
Dividends
-
739
-
-
withholding
-
259
-
-
total
-
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
263
570
222
169
After tax
787
480
828
881
Living cost
935
935
935
935
Free-cash
-148
-455
-107
-54

Estimated living cost  is $935 per week

$608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
$229
-$10
$141
$177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
200
trade
-
-
-
88
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.

-
-
-
79
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
-
-
-
378
Employee

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

697
-
1 050
-
surtax

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

5
-
11
-
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.

79
-
79
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

82
-
200
-
total
166
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
353
1 050
-
-
income
53
157
-
-
trade
61
180
-
-
surtax

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

3
9
-
-
chamber of commerce
2
3
-
-
total
119
349
-
-
Dividends
234
701
-
-
withholding
54
171
-
-
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
-
-
total
57
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
342
529
290
378
After tax
708
521
760
672
Living cost
531
531
531
531
Free-cash
177
-10
229
141

Estimated living cost  is $531 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$208
$132
$211
$201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
84
pensions
-
-
-
282
social contributions
-
-
-
30
other
-
-
-
33
health
-
-
-
13
surtax
-
-
-
-
total
-
-
-
442
Employee
496
-
800
-
surtax
-
-
-
-
pensions
56
-
90
-
social contributions
14
-
23
-
income
29
-
83
-
total
99
-
196
-
Employer
496
-
800
-
other
17
-
28
-
health
35
-
56
-
unemployment
20
-
32
-
social contributions
1
-
2
-
pensions
82
-
131
-
total
155
-
249
-
Corporate
399
1 050
-
-
income
112
294
-
-
surtax
-
-
-
-
total
112
294
-
-
Dividends
287
756
-
-
withholding
37
97
-
-
surtax
-
-
-
-
social contributions
49
130
-
-
total
86
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
452
521
445
442
After tax
598
529
605
608
Living cost
397
397
397
397
Free-cash
201
132
208
211

Estimated living cost  is $397 per week

$250
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
$248
$172
$251
$237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
84
pensions
-
-
-
282
social contributions
-
-
-
30
other
-
-
-
33
health
-
-
-
13
surtax
-
-
-
-
total
-
-
-
442
Employee
443
-
800
-
surtax
-
-
-
-
pensions
50
-
90
-
social contributions
13
-
23
-
income
23
-
83
-
total
86
-
196
-
Employer
443
-
800
-
other
15
-
28
-
health
31
-
56
-
unemployment
18
-
32
-
social contributions
1
-
2
-
pensions
73
-
131
-
total
138
-
249
-
Corporate
469
1 050
-
-
income
131
294
-
-
surtax
-
-
-
-
total
131
294
-
-
Dividends
337
756
-
-
withholding
43
97
-
-
surtax
-
-
-
-
social contributions
58
130
-
-
total
101
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
521
445
442
After tax
594
529
605
608
Living cost
357
357
357
357
Free-cash
237
172
248
251

Estimated living cost  is $357 per week

$207
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.
$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 Marseille model

Close
Vilnius , Lithuania
$436
$393
$429
$400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
social contributions
-
-
-
145
health
-
-
-
73
total
-
-
-
375
Employee
393
-
1 050
-
social contributions
54
-
145
-
health
27
-
73
-
income
66
-
150
-
total
147
-
368
-
Employer
393
-
1 050
-
total
-
-
-
-
Corporate
657
1 050
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

33
53
-
-
total
33
53
-
-
Dividends
624
997
-
-
withholding
94
150
-
-
health
44
70
-
-
social contributions
86
138
-
-
total
224
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
411
368
375
After tax
646
639
682
675
Living cost
246
246
246
246
Free-cash
400
393
436
429

Estimated living cost  is $246 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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$69
$182
$133
$165
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions
-
-
-
194
unemployment
-
-
-
71
health
-
-
-
80
chamber of commerce
-
-
-
4
surtax
-
-
-
2
total
-
-
-
508
Employee
580
462
814
-
unemployment
17
14
24
-
pensions
59
47
83
-
health
22
18
31
-
other
6
5
8
-
income
66
34
136
-
total
170
118
282
-
Employer
580
462
814
-
surtax
2
2
2
-
accident
8
6
11
-
other
28
22
39
-
health
22
17
31
-
unemployment
17
14
24
-
chamber of commerce
2
2
3
-
payroll
17
14
24
-
pensions
73
58
102
-
total
169
135
236
-
Corporate
301
453
770
-
income

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

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

75
113
192
-
total
75
113
192
-
Dividends
226
339
-
-
withholding
62
93
-
-
total
62
93
-
-
Income
1 050
1 050
1 050
1 050
Total tax
476
459
710
508
After tax
574
591
340
542
Living cost
409
409
409
409
Free-cash
165
182
-69
133

Estimated living cost  is $409 per week

$273
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
-$7
$166
$83
-$20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
communal

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

-
-
-
54
social contributions
-
-
-
158
national
-
-
-
332
total
-
-
-
544
Employee

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

829
-
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
-
communal

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

43
-
42
-
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
-
national
255
-
249
-
total
406
-
397
-
Employer

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

829
-
813
-
surtax
94
-
92
-
accident

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

11
-
11
-
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
-
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.

73
-
72
-
total
241
-
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.

-
247
-
-
total
-
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
647
461
634
544
After tax
403
589
416
506
Living cost
423
423
423
423
Free-cash
-20
166
-7
83

Estimated living cost  is $423 per week

$272
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
$144
$289
$137
$196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
total
-
-
-
494
Employee
577
-
796
-
unemployment
9
-
12
-
pensions
27
-
37
-
other
1
-
1
-
income
122
-
183
-
total
159
-
233
-
Employer
577
-
796
-
accident
11
-
16
-
other
5
-
6
-
unemployment
32
-
44
-
pensions
136
-
188
-
total
184
-
254
-
Corporate
289
1 050
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

43
157
-
-
total
43
157
-
-
Dividends
245
893
-
-
withholding
49
185
-
-
total
49
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
435
342
487
494
After tax
615
708
563
556
Living cost
419
419
419
419
Free-cash
196
289
144
137

Estimated living cost  is $419 per week

$308
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
$34
$16
-$16
-$58
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78
communal
-
-
-
66
pensions
-
-
-
157
accident
-
-
-
9
health
-
-
-
74
surtax
-
-
-
52
total
-
-
-
436
Employee
878
-
938
-
surtax
54
-
57
-
pensions
70
-
75
-
health
39
-
42
-
income
85
-
100
-
total
248
-
274
-
Employer
878
-
938
-
accident
8
-
8
-
health
27
-
29
-
pensions
70
-
75
-
total
105
-
112
-
Corporate
67
1 050
-
-
income
10
157
-
-
surtax
1
11
-
-
communal
-
71
-
-
total
11
239
-
-
Dividends
56
811
-
-
income
106
43
-
-
withholding
8
122
-
-
total
114
165
-
-
Income
1 050
1 050
1 050
1 050
Total tax
478
404
386
436
After tax
572
646
664
614
Living cost
630
630
630
630
Free-cash
-58
16
34
-16

Estimated living cost  is $630 per week

$473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$271
$400
$290
$365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
75
surtax
-
-
-
22
total
-
-
-
500
Employee
391
-
867
-
unemployment
27
-
60
-
surtax
1
-
19
-
pensions
26
-
58
-
health
10
-
22
-
other
-
-
-
-
income
65
-
177
-
total
129
-
336
-
Employer
391
-
867
-
other
-
-
-
-
health
18
-
39
-
unemployment
12
-
28
-
pensions
52
-
116
-
total
82
-
183
-
Corporate
577
1 050
-
-
income
150
273
-
-
total
150
273
-
-
Dividends
427
777
-
-
withholding
64
117
-
-
total
64
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
390
519
500
After tax
625
660
531
550
Living cost
260
260
260
260
Free-cash
365
400
271
290

Estimated living cost  is $260 per week

$157
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
$181
$240
$231
$214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
16
social contributions
-
-
-
270
municipal
-
-
-
6
national
-
-
-
215
total
-
-
-
507
Employee
643
-
1 050
-
municipal
3
-
6
-
social contributions
217
-
354
-
regional
9
-
14
-
national
102
-
183
-
total
331
-
557
-
Employer
643
-
1 050
-
total
-
-
-
-
Corporate
407
1 050
-
-
nationa
98
252
-
-
municipal
20
52
-
-
total
118
304
-
-
Dividends
289
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
312
312
312
312
Free-cash
214
240
181
231

Estimated living cost  is $312 per week

$194
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
$175
$366
$154
$239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
health
-
-
-
142
total
-
-
-
539
Employee
525
-
784
-
social contributions
34
-
51
-
solidarity contribution
-
-
-
-
health
71
-
106
-
income
63
-
94
-
total
168
-
251
-
Employer
525
-
784
-
health
47
-
71
-
social contributions
131
-
196
-
total
178
-
267
-
Corporate
347
1 050
-
-
income
66
199
-
-
total
66
199
-
-
Dividends
281
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
357
357
357
357
Free-cash
239
366
175
154

Estimated living cost  is $357 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.
$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 Prague model

Close
Graz , Austria
-$31
$221
$174
$216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions
-
-
-
194
unemployment
-
-
-
71
health
-
-
-
80
chamber of commerce
-
-
-
4
surtax
-
-
-
-
total
-
-
-
506
Employee
507
462
815
-
unemployment
15
14
24
-
pensions
52
47
83
-
health
20
18
32
-
other
5
5
8
-
income
45
34
137
-
total
137
118
284
-
Employer
507
462
815
-
surtax
-
-
-
-
accident
7
6
11
-
other
24
22
39
-
health
19
17
31
-
unemployment
15
14
24
-
chamber of commerce
2
2
3
-
payroll
15
14
24
-
pensions
64
58
102
-
total
146
133
234
-
Corporate
397
455
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
114
193
-
total
99
114
193
-
Dividends
298
341
-
-
withholding
82
94
-
-
total
82
94
-
-
Income
1 050
1 050
1 050
1 050
Total tax
464
459
711
506
After tax
586
591
339
544
Living cost
370
370
370
370
Free-cash
216
221
-31
174

Estimated living cost  is $370 per week

$222
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
$685
$842
$884
$813
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
193
-
1 050
-
income
39
-
210
-
total
39
-
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%.

857
1 050
-
-
total
-
-
-
-
Dividends
857
1 050
-
-
withholding
43
53
-
-
total
43
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
82
53
210
11
After tax
968
997
840
1 039
Living cost
155
155
155
155
Free-cash
813
842
685
884

Estimated living cost  is $155 per week

$105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$207
$411
$237
$316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 050
income
-
-
-
205
pensions
-
-
-
192
unemployment
-
-
-
2
health
-
-
-
103
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.

513
-
909
-
unemployment
1
-
1
-
pensions
79
-
141
-
health
33
-
59
-
income
88
-
190
-
total
201
-
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.

513
-
909
-
health
34
-
60
-
unemployment
-
-
1
-
pensions
45
-
80
-
total
79
-
141
-
Corporate
457
1 050
-
-
income
87
200
-
-
total
87
200
-
-
Dividends
370
850
-
-
withholding
56
128
-
-
total
56
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
423
328
532
502
After tax
627
722
518
548
Living cost
311
311
311
311
Free-cash
316
411
207
237

Estimated living cost  is $311 per week

$213
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
$367
$116
$202
-$756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
205
social contributions
-
-
-
120
total
-
-
-
325
Employee
749
-
-
-
social contributions
61
-
9
-
income
165
-
-
-
total
226
-
9
-
Employer
749
-
-
-
social contributions
1 057
-
151
-
total
1 057
-
151
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 283
411
160
325
After tax
-233
639
890
725
Living cost
523
523
523
523
Free-cash
-756
116
367
202

Estimated living cost  is $523 per week

$339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Oslo model

Close
Lisbon , Portugal
$178
$234
$227
$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

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

-
-
-
1 050
income
-
-
-
94
social contributions

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

-
-
-
365
surtax
-
-
-
-
total
-
-
-
459
Employee
533
-
848
-
surtax
-
-
-
-
social contributions
59
-
93
-
income
111
-
213
-
total
170
-
306
-
Employer
533
-
848
-
social contributions
127
-
202
-
total
127
-
202
-
Corporate
390
1 050
-
-
income
82
220
-
-
surtax
-
-
-
-
total
82
220
-
-
Dividends
308
830
-
-
withholding
86
232
-
-
total
86
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
452
508
459
After tax
585
598
542
591
Living cost
364
364
364
364
Free-cash
221
234
178
227

Estimated living cost  is $364 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$45
-$31
$48
$50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
84
pensions
-
-
-
282
social contributions
-
-
-
30
other
-
-
-
33
health
-
-
-
13
surtax
-
-
-
-
total
-
-
-
442
Employee
726
-
800
-
surtax
-
-
-
-
pensions
82
-
90
-
social contributions
21
-
23
-
income
63
-
83
-
total
166
-
196
-
Employer
726
-
800
-
other
25
-
28
-
health
51
-
56
-
unemployment
29
-
32
-
social contributions
2
-
2
-
pensions
119
-
131
-
total
226
-
249
-
Corporate
97
1 050
-
-
income
27
294
-
-
surtax
-
-
-
-
total
27
294
-
-
Dividends
70
756
-
-
withholding
9
97
-
-
surtax
-
-
-
-
social contributions
12
130
-
-
total
21
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
440
521
445
442
After tax
610
529
605
608
Living cost
560
560
560
560
Free-cash
50
-31
45
48

Estimated living cost  is $560 per week

$379
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
$485
$596
$455
$557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15
social contributions
-
-
-
231
total
-
-
-
246
Employee
373
-
909
-
income
-
-
16
-
social contributions
24
-
59
-
total
24
-
75
-
Employer
373
-
909
-
social contributions
58
-
141
-
total
58
-
141
-
Corporate
619
1 050
-
-
income
62
105
-
-
total
62
105
-
-
Dividends
557
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
144
105
216
246
After tax
906
945
834
804
Living cost
349
349
349
349
Free-cash
557
596
485
455

Estimated living cost  is $349 per week

$225
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.
$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

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
-$1471
-$1471
$100
-$1471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10
labour market
-
-
-
83
municipal
-
-
-
190
national
-
-
-
110
total
-
-
-
393
Employee
2 352
2 352
2 352
-
municipal
501
501
501
-
labour market
188
188
188
-
pensions
3
3
3
-
national
287
287
287
-
total
979
979
979
-
Employer
2 352
2 352
2 352
-
municipal
502
502
502
-
national
288
288
288
-
labour market
188
188
188
-
pensions
7
7
7
-
total
985
985
985
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 964
1 964
1 964
393
After tax
-914
-914
-914
657
Living cost
557
557
557
557
Free-cash
-1 471
-1 471
-1 471
100

Estimated living cost  is $557 per week

$381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$283
-$167
$470
$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
income
-
-
-
248
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
328
Employee
397
-
885
-
pensions
45
-
89
-
health
45
-
101
-
income
54
-
160
-
total
144
-
350
-
Employer
397
-
885
-
accident
7
-
15
-
unemployment
10
-
22
-
pensions
64
-
128
-
total
81
-
165
-
Corporate
573
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.

515
945
-
-
total
515
945
-
-
Dividends
57
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
751
965
515
328
After tax
299
85
535
722
Living cost
252
252
252
252
Free-cash
47
-167
283
470

Estimated living cost  is $252 per week

$184
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 Krakow model

Close
Helsinki , Finland
$162
$262
$313
$224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
94
total
-
-
-
292
Employee
610
-
883
-
unemployment
9
-
13
-
municipal
100
-
144
-
pensions
41
-
60
-
health
5
-
9
-
national
10
-
50
-
total
165
-
276
-
Employer
610
-
883
-
accident
1
-
1
-
health
5
-
7
-
unemployment
4
-
6
-
pensions
106
-
153
-
total
116
-
167
-
Corporate
325
1 050
-
-
income
65
210
-
-
total
65
210
-
-
Dividends

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

195
630
-
-
municipal
35
113
-
-
national
-
20
-
-
total
35
133
-
-
Income
1 050
1 050
1 050
1 050
Total tax
381
343
443
292
After tax
669
707
607
758
Living cost
445
445
445
445
Free-cash
224
262
162
313

Estimated living cost  is $445 per week

$291
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
$491
$501
$491
$437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
100
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
291
Employee
892
892
953
-
social contributions
34
74
79
-
health
7
15
16
-
income
97
83
99
-
total
138
172
194
-
Employer
892
892
953
-
health
8
17
18
-
social contributions
34
74
79
-
total
42
91
97
-
Corporate
603
68
-
-
income
75
8
-
-
total
75
8
-
-
Dividends
527
59
-
-
withholding
90
10
-
-
total
90
10
-
-
Income
1 050
1 050
1 050
1 050
Total tax
345
281
291
291
After tax
705
769
759
759
Living cost
268
268
268
268
Free-cash
437
501
491
491

Estimated living cost  is $268 per week

$161
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$464
$686
$651
$627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 050
income
-
-
-
99
pensions
-
-
-
74
unemployment
-
-
-
-
health
-
-
-
42
total
-
-
-
215
Employee

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

266
-
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.

266
-
952
-
health
11
-
41
-
unemployment
1
-
5
-
pensions
15
-
52
-
total
27
-
98
-
Corporate
756
1 050
-
-
income
68
94
-
-
total
68
94
-
-
Dividends
688
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
184
184
184
184
Free-cash
627
686
464
651

Estimated living cost  is $184 per week

$117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$244
$389
$237
$328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
total
-
-
-
494
Employee
429
-
796
-
unemployment
7
-
12
-
pensions
20
-
37
-
other
-
-
1
-
income
83
-
183
-
total
110
-
233
-
Employer
429
-
796
-
accident
8
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
101
-
188
-
total
136
-
254
-
Corporate
485
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.

73
157
-
-
total
73
157
-
-
Dividends
412
893
-
-
withholding
84
185
-
-
total
84
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
342
487
494
After tax
647
708
563
556
Living cost
319
319
319
319
Free-cash
328
389
244
237

Estimated living cost  is $319 per week

$215
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$647
$634
$649
$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
income
-
-
-
354
pensions
-
-
-
15
health
-
-
-
11
total
-
-
-
380
Employee
31
-
1 033
-
unemployment
-
-
1
-
pensions
3
-
7
-
health
2
-
4
-
income
6
-
353
-
total
11
-
365
-
Employer
31
-
1 033
-
health
3
-
7
-
unemployment
1
-
2
-
pensions
3
-
8
-
total
7
-
17
-
Corporate
1 012
1 050
-
-
income
223
231
-
-
total
223
231
-
-
Dividends
789
819
-
-
withholding
158
164
-
-
total
158
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
399
395
382
380
After tax
651
655
668
670
Living cost
21
21
21
21
Free-cash
630
634
647
649

Estimated living cost  is $21 per week

$12
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$6
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$343
$558
$343
$502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 050
income
-
-
-
184
pensions
-
-
-
222
unemployment
-
-
-
13
health
-
-
-
88
total
-
-
-
507
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.

302
-
897
-
unemployment
2
-
6
-
pensions
42
-
120
-
health
16
-
44
-
income
42
-
184
-
total
102
-
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.

302
-
897
-
health
16
-
44
-
unemployment
2
-
6
-
pensions
36
-
103
-
total
54
-
153
-
Corporate
694
1 050
-
-
income
104
158
-
-
total
104
158
-
-
Dividends
590
892
-
-
withholding
88
134
-
-
total
88
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
348
292
507
507
After tax
702
758
543
543
Living cost
200
200
200
200
Free-cash
502
558
343
343

Estimated living cost  is $200 per week

$135
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.
$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
$229
$285
$278
$279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income
-
-
-
94
social contributions

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

-
-
-
365
surtax
-
-
-
-
total
-
-
-
459
Employee
450
-
848
-
surtax
-
-
-
-
social contributions
50
-
93
-
income
88
-
213
-
total
138
-
306
-
Employer
450
-
848
-
social contributions
107
-
202
-
total
107
-
202
-
Corporate
493
1 050
-
-
income
104
220
-
-
surtax
-
-
-
-
total
104
220
-
-
Dividends
390
830
-
-
withholding
109
232
-
-
total
109
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
458
452
508
459
After tax
592
598
542
591
Living cost
313
313
313
313
Free-cash
279
285
229
278

Estimated living cost  is $313 per week

$221
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
$155
$300
$148
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
180
pensions
-
-
-
297
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
9
total
-
-
-
494
Employee
560
-
796
-
unemployment
9
-
12
-
pensions
26
-
37
-
other
1
-
1
-
income
117
-
183
-
total
153
-
233
-
Employer
560
-
796
-
accident
11
-
16
-
other
4
-
6
-
unemployment
31
-
44
-
pensions
132
-
188
-
total
178
-
254
-
Corporate
311
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.

47
157
-
-
total
47
157
-
-
Dividends
265
893
-
-
withholding
53
185
-
-
total
53
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
431
342
487
494
After tax
619
708
563
556
Living cost
408
408
408
408
Free-cash
211
300
155
148

Estimated living cost  is $408 per week

$293
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$611
$696
$581
$625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions

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

-
-
-
61
unemployment
-
-
-
2
health
-
-
-
47
total
-
-
-
267
Employee
267
-
970
-
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
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
27
-
97
-
total
65
-
157
-
Employer
267
-
970
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
18
-
28
-
unemployment
2
-
2
-
pensions

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

29
-
45
-
total
52
-
80
-
Corporate
731
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
658
945
-
-
withholding
33
47
-
-
total
33
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
223
152
237
267
After tax
827
898
813
783
Living cost
202
202
202
202
Free-cash
625
696
611
581

Estimated living cost  is $202 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$312
$94
$239
$246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
200
trade
-
-
-
73
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.

-
-
-
79
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.

577
-
1 050
-
surtax

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

3
-
11
-
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.

79
-
79
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

47
-
200
-
total
129
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
473
1 050
-
-
income
71
157
-
-
trade
68
151
-
-
surtax

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

4
9
-
-
chamber of commerce
2
3
-
-
total
145
320
-
-
Dividends
328
730
-
-
withholding
78
178
-
-
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
-
-
total
82
188
-
-
Income
1 050
1 050
1 050
1 050
Total tax
356
508
290
363
After tax
694
542
760
687
Living cost
448
448
448
448
Free-cash
246
94
312
239

Estimated living cost  is $448 per week

$309
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$70
$74
$70
$100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
228
social contributions
-
-
-
91
total
-
-
-
319
Employee
907
-
1 050
-
income
171
-
228
-
social contributions
75
-
91
-
total
246
-
319
-
Employer
907
-
1 050
-
total
-
-
-
-
Corporate
143
1 050
-
-
income
18
131
-
-
total
18
131
-
-
Dividends
125
919
-
-
withholding
25
184
-
-
total
25
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
289
315
319
319
After tax
761
735
731
731
Living cost
661
661
661
661
Free-cash
100
74
70
70

Estimated living cost  is $661 per week

$503
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
$349
$201
$227
$257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
330
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
-
-
-
402
Employee
532
-
997
-
income
58
-
174
-
social contributions
53
-
53
-
total
111
-
227
-
Employer
532
-
997
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
465
1 050
-
-
income
163
367
-
-
total
163
367
-
-
Dividends
302
683
-
-
social contributions
45
61
-
-
total
45
61
-
-
Income
1 050
1 050
1 050
1 050
Total tax
372
428
280
402
After tax
678
622
770
648
Living cost
421
421
421
421
Free-cash
257
201
349
227

Estimated living cost  is $421 per week

$277
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
$227
$353
$344
$286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
197
pensions
-
-
-
75
total
-
-
-
272
Employee
596
-
927
-
pensions
46
-
85
-
health
8
-
15
-
income
109
-
165
-
total
163
-
265
-
Employer
596
-
927
-
health
11
-
18
-
pensions
60
-
106
-
total
71
-
124
-
Corporate
382
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.

73
199
-
-
total
73
199
-
-
Dividends
310
851
-
-
withholding
23
64
-
-
total
23
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
263
389
272
After tax
720
787
661
778
Living cost
434
434
434
434
Free-cash
286
353
227
344

Estimated living cost  is $434 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$258
-$192
$445
$42
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
248
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
328
Employee
436
-
885
-
pensions
49
-
89
-
health
50
-
101
-
income
60
-
160
-
total
159
-
350
-
Employer
436
-
885
-
accident
7
-
15
-
unemployment
11
-
22
-
pensions
71
-
128
-
total
89
-
165
-
Corporate
525
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.

473
945
-
-
total
473
945
-
-
Dividends
53
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
731
965
515
328
After tax
319
85
535
722
Living cost
277
277
277
277
Free-cash
42
-192
258
445

Estimated living cost  is $277 per week

$203
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.
$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

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
$481
$736
$447
$680
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

250
-
1 050
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
46
-
170
-
health insurance
19
-
69
-
income
25
-
158
-
total
94
-
413
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
800
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
800
1 050
-
-
withholding
120
158
-
-
total
120
158
-
-
Income
1 050
1 050
1 050
1 050
Total tax
214
158
413
447
After tax
836
892
637
603
Living cost
156
156
156
156
Free-cash
680
736
481
447

Estimated living cost  is $156 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.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$28
$91
$76
$39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
regional
-
-
-
20
social contributions
-
-
-
270
municipal
-
-
-
7
national
-
-
-
215
total
-
-
-
512
Employee
977
-
1 050
-
municipal
6
-
6
-
social contributions
329
-
354
-
regional
15
-
17
-
national
165
-
183
-
total
515
-
560
-
Employer
977
-
1 050
-
total
-
-
-
-
Corporate
73
1 050
-
-
nationa
17
252
-
-
municipal
4
51
-
-
total
21
303
-
-
Dividends
52
747
-
-
withholding
13
194
-
-
total
13
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
549
497
560
512
After tax
501
553
490
538
Living cost
462
462
462
462
Free-cash
39
91
28
76

Estimated living cost  is $462 per week

$324
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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