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
$403
$172
$325
$302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax

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

-
-
-
11
trade
-
-
-
78
income

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

-
-
-
195
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
total
-
-
-
365
Employee

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

454
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

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

1
-
11
-
income

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

13
-
195
-
total
95
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
596
1 050
-
-
chamber of commerce
3
3
-
-
trade
94
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
-
-
income
89
157
-
-
total
191
334
-
-
Dividends
405
715
-
-
withholding
97
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
102
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
388
518
287
365
After tax
662
532
763
685
Living cost
360
360
360
360
Free-cash
302
172
403
325

Estimated living cost  is $360 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
$15
$22
$7
-$21
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
107
social contributions
-
-
-
11
national
-
-
-
166
pensions
-
-
-
126
total
-
-
-
410
Employee
982
-
908
-
pensions
39
-
36
-
national
188
-
172
-
municipal
121
-
111
-
total
348
-
319
-
Employer
982
-
908
-
pensions
79
-
73
-
social contributions
11
-
10
-
total
90
-
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
438
395
402
410
After tax
612
655
648
640
Living cost
633
633
633
633
Free-cash
-21
22
15
7

Estimated living cost  is $633 per week

$431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$346
$593
$315
$495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
338
income
-
-
-
150
total
-
-
-
488
Employee
347
-
846
-
social contributions

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

38
-
93
-
surtax
-
-
-
-
income
62
-
160
-
total
100
-
253
-
Employer
347
-
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.

84
-
204
-
total
84
-
204
-
Corporate
619
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%.

124
210
-
-
total
124
210
-
-
Dividends

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

495
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
308
210
457
488
After tax
742
840
593
562
Living cost
247
247
247
247
Free-cash
495
593
346
315

Estimated living cost  is $247 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Riga model

Close
Rotterdam , Netherlands
-$132
-$64
$99
-$132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
180
pensions
-
-
-
139
health
-
-
-
134
total
-
-
-
453
Employee
1 014
1 014
1 014
-
health
156
132
156
-
pensions
183
139
183
-
income

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

166
166
166
-
total
505
437
505
-
Employer
1 014
1 014
1 014
-
unemployment
37
37
37
-
health
71
71
71
-
pensions
71
71
71
-
total
179
179
179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
684
616
684
453
After tax
366
434
366
597
Living cost
498
498
498
498
Free-cash
-132
-64
-132
99

Estimated living cost  is $498 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$81
$93
$43
$84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
222
other
-
-
-
122
unemployment
-
-
-
1
national
-
-
-
-
pensions
-
-
-
114
accident
-
-
-
2
health
-
-
-
66
total
-
-
-
527
Employee
684
-
799
-
national
-
-
-
-
municipal
204
-
238
-
total
204
-
238
-
Employer
684
-
799
-
unemployment
18
-
21
-
accident
1
-
2
-
health
42
-
49
-
pensions
74
-
86
-
other
79
-
93
-
total
214
-
251
-
Corporate
151
1 050
-
-
income
33
231
-
-
total
33
231
-
-
Dividends
118
819
-
-
withholding
35
246
-
-
total
35
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
486
477
489
527
After tax
564
573
561
523
Living cost
480
480
480
480
Free-cash
84
93
81
43

Estimated living cost  is $480 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$296
$60
$214
$225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
11
trade
-
-
-
82
income

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

-
-
-
195
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
total
-
-
-
369
Employee

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

602
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

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

3
-
11
-
income

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

52
-
195
-
total
136
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
448
1 050
-
-
chamber of commerce
2
3
-
-
trade
74
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
-
-
income
67
157
-
-
total
147
342
-
-
Dividends
301
708
-
-
withholding
71
172
-
-
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
75
181
-
-
Income
1 050
1 050
1 050
1 050
Total tax
358
523
287
369
After tax
692
527
763
681
Living cost
467
467
467
467
Free-cash
225
60
296
214

Estimated living cost  is $467 per week

$312
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.
$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

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
$378
$383
$378
$335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
164
income
-
-
-
96
health
-
-
-
27
total
-
-
-
287
Employee
913
913
953
-
health
9
16
16
-
social contributions
44
76
79
-
income
96
85
95
-
total
149
177
190
-
Employer
913
913
953
-
health
10
17
18
-
social contributions
44
76
79
-
total
54
93
97
-
Corporate
461
44
-
-
income
58
5
-
-
total
58
5
-
-
Dividends
403
38
-
-
withholding
69
7
-
-
total
69
7
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
282
287
287
After tax
720
768
763
763
Living cost
385
385
385
385
Free-cash
335
383
378
378

Estimated living cost  is $385 per week

$263
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$396
$379
$514
$383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
unemployment
-
-
-
16
income
-
-
-
128
pensions
-
-
-
105
health
-
-
-
74
total
-
-
-
323
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.

307
122
879
-
health
21
9
62
-
pensions
31
12
88
-
unemployment
5
2
13
-
income
38
15
107
-
total
95
38
270
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

307
122
879
-
pensions
60
24
171
-
total
60
24
171
-
Corporate
683
904
-
-
income
61
81
-
-
total
61
81
-
-
Dividends
622
823
-
-
withholding
118
156
-
-
social contributions
120
159
-
-
total
238
315
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
458
441
323
After tax
596
592
609
727
Living cost
213
213
213
213
Free-cash
383
379
396
514

Estimated living cost  is $213 per week

$145
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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$318
$553
$275
$479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
337
-
785
-
unemployment
5
-
13
-
pensions
7
-
16
-
income
38
-
151
-
total
50
-
180
-
Employer
337
-
785
-
unemployment
3
-
6
-
health
44
-
102
-
pensions
67
-
157
-
total
114
-
265
-
Corporate
599
1 050
-
-
income
120
210
-
-
total
120
210
-
-
Dividends
479
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
284
210
445
488
After tax
766
840
605
562
Living cost
287
287
287
287
Free-cash
479
553
318
275

Estimated living cost  is $287 per week

$197
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.
$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 Tallinn model

Close
Gdansk , Poland
$267
-$180
$458
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
4
income
-
-
-
244
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
327
Employee
417
-
881
-
health
48
-
101
-
pensions
47
-
92
-
income
57
-
155
-
total
152
-
348
-
Employer
417
-
881
-
unemployment
10
-
22
-
accident
7
-
15
-
pensions
68
-
133
-
total
85
-
170
-
Corporate
548
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.

493
945
-
-
total
493
945
-
-
Dividends
55
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
740
965
518
327
After tax
310
85
532
723
Living cost
265
265
265
265
Free-cash
45
-180
267
458

Estimated living cost  is $265 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
$744
$902
$944
$884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
120
-
1 050
-
income
24
-
210
-
total
24
-
210
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

930
1 050
-
-
total
-
-
-
-
Dividends
930
1 050
-
-
withholding
46
52
-
-
total
46
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
70
52
210
10
After tax
980
998
840
1 040
Living cost
96
96
96
96
Free-cash
884
902
744
944

Estimated living cost  is $96 per week

$60
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$298
$456
$252
$376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
50
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
health
-
-
-
46
total
-
-
-
481
Employee
431
-
839
-
health
6
-
12
-
pensions

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

30
-
59
-
unemployment
4
-
8
-
income
74
-
144
-
total
114
-
223
-
Employer
431
-
839
-
unemployment
4
-
8
-
accident
3
-
7
-
health
6
-
12
-
pensions

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

73
-
143
-
other
22
-
42
-
total
108
-
212
-
Corporate
510
1 050
-
-
income
107
220
-
-
total
107
220
-
-
Dividends
403
830
-
-
withholding
28
58
-
-
total
28
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
357
278
435
481
After tax
693
772
615
569
Living cost
316
316
316
316
Free-cash
376
456
298
252

Estimated living cost  is $316 per week

$224
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.
$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 Bratislava model

Close
London , United Kingdom
-$138
-$14
-$20
-$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
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
1 132
-
927
-
health
19
-
14
-
pensions
109
-
85
-
income
204
-
166
-
total
332
-
265
-
Employer
1 132
-
927
-
health
21
-
18
-
pensions
134
-
105
-
total
155
-
123
-
Corporate
-
1 050
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
200
-
-
total
-
200
-
-
Dividends
-
850
-
-
withholding
-
64
-
-
total
-
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
487
264
388
270
After tax
563
786
662
780
Living cost
800
800
800
800
Free-cash
-237
-14
-138
-20

Estimated living cost  is $800 per week

$599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$655
$742
$626
$687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
157
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
268
Employee
206
-
969
-
health
10
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
21
-
97
-
total
51
-
157
-
Employer
206
-
969
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
29
-
pensions

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

23
-
46
-
total
40
-
82
-
Corporate
803
1 050
-
-
income
80
105
-
-
total
80
105
-
-
Dividends
723
945
-
-
withholding
36
47
-
-
total
36
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
207
152
239
268
After tax
843
898
811
782
Living cost
156
156
156
156
Free-cash
687
742
655
626

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$293
-$225
-$62
-$245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
139
health
-
-
-
134
total
-
-
-
453
Employee
1 101
1 014
1 014
-
health
137
132
156
-
pensions
139
139
183
-
income

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

166
166
166
-
total
442
437
505
-
Employer
1 101
1 014
1 014
-
unemployment
40
37
37
-
health
77
71
71
-
pensions
77
71
71
-
total
194
179
179
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
636
616
684
453
After tax
414
434
366
597
Living cost
659
659
659
659
Free-cash
-245
-225
-293
-62

Estimated living cost  is $659 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Amsterdam model

Close
Brno , Czech Republic
$242
$432
$221
$329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
income
-
-
-
90
health
-
-
-
142
total
-
-
-
539
Employee
427
-
784
-
health
58
-
106
-
social contributions
28
-
51
-
solidarity contribution
-
-
-
-
income
51
-
94
-
total
137
-
251
-
Employer
427
-
784
-
health
38
-
71
-
social contributions
107
-
196
-
total
145
-
267
-
Corporate
478
1 050
-
-
income
91
200
-
-
total
91
200
-
-
Dividends
387
850
-
-
withholding
58
128
-
-
total
58
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
431
328
518
539
After tax
619
722
532
511
Living cost
290
290
290
290
Free-cash
329
432
242
221

Estimated living cost  is $290 per week

$202
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
-$2
$59
$49
-$6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
6
social contributions
-
-
-
270
national
-
-
-
213
regional
-
-
-
11
total
-
-
-
500
Employee
1 056
-
1 050
-
social contributions
356
-
354
-
national
183
-
181
-
regional
10
-
10
-
municipal
6
-
6
-
total
555
-
551
-
Employer
1 056
-
1 050
-
total
-
-
-
-
Corporate
-
1 050
-
-
municipal
-
41
-
-
nationa
-
252
-
-
total
-
293
-
-
Dividends
-
757
-
-
withholding
-
197
-
-
total
-
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
555
490
551
500
After tax
495
560
499
550
Living cost
501
501
501
501
Free-cash
-6
59
-2
49

Estimated living cost  is $501 per week

$349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$273
$398
$291
$363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
surtax
-
-
-
21
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
188
pensions
-
-
-
210
health
-
-
-
75
total
-
-
-
497
Employee
393
-
867
-
health
10
-
22
-
pensions
26
-
58
-
unemployment
27
-
60
-
surtax
1
-
19
-
other
-
-
-
-
income
66
-
174
-
total
130
-
333
-
Employer
393
-
867
-
unemployment
12
-
27
-
health
18
-
39
-
pensions
52
-
116
-
other
-
-
-
-
total
82
-
182
-
Corporate
575
1 050
-
-
income
149
273
-
-
total
149
273
-
-
Dividends
425
777
-
-
withholding
64
117
-
-
total
64
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
390
515
497
After tax
625
660
535
553
Living cost
262
262
262
262
Free-cash
363
398
273
291

Estimated living cost  is $262 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$116
$240
$234
$147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
758
-
927
-
health
11
-
14
-
pensions
64
-
85
-
income
137
-
166
-
total
212
-
265
-
Employer
758
-
927
-
health
14
-
18
-
pensions
82
-
105
-
total
96
-
123
-
Corporate
195
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.

37
200
-
-
total
37
200
-
-
Dividends
158
850
-
-
withholding
12
64
-
-
total
12
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
357
264
388
270
After tax
693
786
662
780
Living cost
546
546
546
546
Free-cash
147
240
116
234

Estimated living cost  is $546 per week

$409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$111
-$459
-$58
-$152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
11
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
national
-
-
-
5
pensions
-
-
-
97
regional
-
-
-
32
health
-
-
-
3
total
-
-
-
169
Employee
1 099
-
940
-
health
2
-
2
-
pensions
92
-
79
-
unemployment
-
-
-
-
city
12
-
10
-
national
5
-
4
-
regional
36
-
27
-
total
147
-
122
-
Employer
1 099
-
940
-
unemployment
-
-
-
-
health
2
-
2
-
pensions
92
-
79
-
other

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

22
-
19
-
total
116
-
100
-
Corporate
-
1 050
-
-
regional
-
222
-
-
national
-
89
-
-
total
-
311
-
-
Dividends
-
739
-
-
withholding
-
259
-
-
total
-
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
263
570
222
169
After tax
787
480
828
881
Living cost
939
939
939
939
Free-cash
-152
-459
-111
-58

Estimated living cost  is $939 per week

$611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$219
-$23
$134
$169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax

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

-
-
-
11
trade
-
-
-
85
income

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

-
-
-
195
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
total
-
-
-
372
Employee

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

714
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

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

5
-
11
-
income

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

84
-
195
-
total
170
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
336
1 050
-
-
chamber of commerce
2
3
-
-
trade
58
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
-
-
income
50
157
-
-
total
113
349
-
-
Dividends
223
700
-
-
withholding
51
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
54
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
337
529
287
372
After tax
713
521
763
678
Living cost
544
544
544
544
Free-cash
169
-23
219
134

Estimated living cost  is $544 per week

$397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$203
$123
$201
$193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
33
social contributions
-
-
-
30
income
-
-
-
81
pensions
-
-
-
287
health
-
-
-
12
total
-
-
-
443
Employee
508
-
800
-
social contributions
14
-
23
-
pensions
57
-
90
-
surtax
-
-
-
-
income
30
-
79
-
total
101
-
192
-
Employer
508
-
800
-
unemployment
21
-
32
-
health
36
-
56
-
pensions
84
-
131
-
other
18
-
28
-
social contributions
2
-
2
-
total
161
-
249
-
Corporate
383
1 050
-
-
surtax
-
-
-
-
income
107
294
-
-
total
107
294
-
-
Dividends
276
756
-
-
withholding
35
97
-
-
surtax
-
-
-
-
social contributions
47
130
-
-
total
82
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
451
521
441
443
After tax
599
529
609
607
Living cost
406
406
406
406
Free-cash
193
123
203
201

Estimated living cost  is $406 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$243
$163
$241
$230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
33
social contributions
-
-
-
30
income
-
-
-
81
pensions
-
-
-
287
health
-
-
-
12
total
-
-
-
443
Employee
454
-
800
-
social contributions
13
-
23
-
pensions
51
-
90
-
surtax
-
-
-
-
income
23
-
79
-
total
87
-
192
-
Employer
454
-
800
-
unemployment
18
-
32
-
health
32
-
56
-
pensions
75
-
131
-
other
16
-
28
-
social contributions
1
-
2
-
total
142
-
249
-
Corporate
455
1 050
-
-
surtax
-
-
-
-
income
127
294
-
-
total
127
294
-
-
Dividends
327
756
-
-
withholding
42
97
-
-
surtax
-
-
-
-
social contributions
56
130
-
-
total
98
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
521
441
443
After tax
596
529
609
607
Living cost
366
366
366
366
Free-cash
230
163
243
241

Estimated living cost  is $366 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$431
$388
$423
$395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
145
income
-
-
-
157
health
-
-
-
73
total
-
-
-
375
Employee
403
-
1 050
-
health
28
-
73
-
social contributions
56
-
145
-
income
67
-
149
-
total
151
-
367
-
Employer
403
-
1 050
-
total
-
-
-
-
Corporate
647
1 050
-
-
income

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

32
52
-
-
total
32
52
-
-
Dividends
615
998
-
-
withholding
92
150
-
-
health
43
70
-
-
social contributions
85
138
-
-
total
220
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
410
367
375
After tax
647
640
683
675
Living cost
252
252
252
252
Free-cash
395
388
431
423

Estimated living cost  is $252 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$74
$174
$125
$154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
surtax
-
-
-
2
chamber of commerce
-
-
-
4
unemployment
-
-
-
73
income
-
-
-
153
pensions
-
-
-
194
health
-
-
-
80
total
-
-
-
506
Employee
594
473
814
-
health
23
18
31
-
pensions
61
48
83
-
unemployment
18
14
24
-
other
6
5
8
-
income
68
35
131
-
total
176
120
277
-
Employer
594
473
814
-
unemployment
18
14
24
-
payroll
18
14
24
-
accident
8
6
11
-
health
22
18
31
-
pensions
74
59
102
-
other
28
22
39
-
surtax
2
2
2
-
chamber of commerce
2
2
3
-
total
172
137
236
-
Corporate
283
438
768
-
income

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

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

71
110
192
-
total
71
110
192
-
Dividends
212
329
-
-
withholding
58
90
-
-
total
58
90
-
-
Income
1 050
1 050
1 050
1 050
Total tax
477
457
705
506
After tax
573
593
345
544
Living cost
419
419
419
419
Free-cash
154
174
-74
125

Estimated living cost  is $419 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-$15
$157
$76
-$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
156
communal

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

-
-
-
54
national
-
-
-
331
total
-
-
-
541
Employee

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

850
-
813
-
health

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

40
-
38
-
pensions

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

64
-
61
-
unemployment

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

7
-
7
-
national
261
-
247
-
communal

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

44
-
42
-
total
416
-
395
-
Employer

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

850
-
813
-
unemployment

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

12
-
12
-
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.

52
-
50
-
pensions

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

75
-
72
-
surtax
96
-
92
-
total
246
-
237
-
Corporate
-
1 050
-
-
surtax
-
4
-
-
income
-
210
-
-
total
-
214
-
-
Dividends
-
836
-
-
withholding

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

-
246
-
-
total
-
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
662
460
632
541
After tax
388
590
418
509
Living cost
433
433
433
433
Free-cash
-45
157
-15
76

Estimated living cost  is $433 per week

$279
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.
$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 Brussels model

Close
Barcelona , Spain
$135
$279
$128
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
179
pensions
-
-
-
297
accident
-
-
-
9
total
-
-
-
493
Employee
591
-
796
-
pensions
28
-
37
-
unemployment
9
-
12
-
other
1
-
1
-
income
125
-
182
-
total
163
-
232
-
Employer
591
-
796
-
unemployment
33
-
44
-
accident
12
-
16
-
pensions
140
-
188
-
other
5
-
6
-
total
190
-
254
-
Corporate
270
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.

41
157
-
-
total
41
157
-
-
Dividends
230
893
-
-
withholding
46
185
-
-
total
46
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
440
342
486
493
After tax
610
708
564
557
Living cost
429
429
429
429
Free-cash
181
279
135
128

Estimated living cost  is $429 per week

$316
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$22
$2
-$28
-$71
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
surtax
-
-
-
52
income
-
-
-
75
communal
-
-
-
66
pensions
-
-
-
157
accident
-
-
-
9
health
-
-
-
74
total
-
-
-
433
Employee
900
-
938
-
health
40
-
42
-
pensions
72
-
75
-
surtax
55
-
57
-
income
87
-
96
-
total
254
-
270
-
Employer
900
-
938
-
accident
8
-
8
-
health
27
-
29
-
pensions
72
-
75
-
total
107
-
112
-
Corporate
43
1 050
-
-
communal
-
71
-
-
surtax
-
11
-
-
income
6
157
-
-
total
6
239
-
-
Dividends
36
811
-
-
withholding
5
122
-
-
income
104
42
-
-
total
109
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
476
403
382
433
After tax
574
647
668
617
Living cost
646
646
646
646
Free-cash
-71
2
22
-28

Estimated living cost  is $646 per week

$484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$268
$393
$286
$356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
21
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
188
pensions
-
-
-
210
health
-
-
-
75
total
-
-
-
497
Employee
400
-
867
-
health
10
-
22
-
pensions
27
-
58
-
unemployment
28
-
60
-
surtax
1
-
19
-
other
-
-
-
-
income
67
-
174
-
total
133
-
333
-
Employer
400
-
867
-
unemployment
13
-
27
-
health
18
-
39
-
pensions
53
-
116
-
other
-
-
-
-
total
84
-
182
-
Corporate
566
1 050
-
-
income
147
273
-
-
total
147
273
-
-
Dividends
419
777
-
-
withholding
63
117
-
-
total
63
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
427
390
515
497
After tax
623
660
535
553
Living cost
267
267
267
267
Free-cash
356
393
268
286

Estimated living cost  is $267 per week

$161
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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$175
$232
$225
$207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
6
social contributions
-
-
-
270
national
-
-
-
213
regional
-
-
-
16
total
-
-
-
505
Employee
659
-
1 050
-
social contributions
222
-
354
-
national
104
-
181
-
regional
9
-
14
-
municipal
3
-
6
-
total
338
-
555
-
Employer
659
-
1 050
-
total
-
-
-
-
Corporate
391
1 050
-
-
municipal
19
52
-
-
nationa
94
252
-
-
total
113
304
-
-
Dividends
278
746
-
-
withholding
72
194
-
-
total
72
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
523
498
555
505
After tax
527
552
495
545
Living cost
320
320
320
320
Free-cash
207
232
175
225

Estimated living cost  is $320 per week

$199
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.
$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 Naples model

Close
Prague , Czech Republic
$174
$364
$153
$238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
income
-
-
-
90
health
-
-
-
142
total
-
-
-
539
Employee
526
-
784
-
health
71
-
106
-
social contributions
34
-
51
-
solidarity contribution
-
-
-
-
income
63
-
94
-
total
168
-
251
-
Employer
526
-
784
-
health
47
-
71
-
social contributions
131
-
196
-
total
178
-
267
-
Corporate
345
1 050
-
-
income
66
200
-
-
total
66
200
-
-
Dividends
280
850
-
-
withholding
42
128
-
-
total
42
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
454
328
518
539
After tax
596
722
532
511
Living cost
358
358
358
358
Free-cash
238
364
174
153

Estimated living cost  is $358 per week

$266
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
-$34
$215
$167
$206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
chamber of commerce
-
-
-
4
unemployment
-
-
-
73
income
-
-
-
153
pensions
-
-
-
194
health
-
-
-
80
total
-
-
-
504
Employee
519
473
815
-
health
20
18
32
-
pensions
53
48
83
-
unemployment
16
14
24
-
other
5
5
8
-
income
46
35
131
-
total
140
120
278
-
Employer
519
473
815
-
unemployment
16
14
24
-
payroll
16
14
24
-
accident
7
6
11
-
health
20
18
31
-
pensions
65
59
102
-
other
25
22
39
-
surtax
-
-
-
-
chamber of commerce
2
2
3
-
total
151
135
234
-
Corporate
381
440
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.

95
110
193
-
total
95
110
193
-
Dividends
286
330
-
-
withholding
79
91
-
-
total
79
91
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
456
705
504
After tax
585
594
345
546
Living cost
379
379
379
379
Free-cash
206
215
-34
167

Estimated living cost  is $379 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
187
-
1 050
-
income
37
-
210
-
total
37
-
210
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

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

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$200
$403
$230
$305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
204
pensions
-
-
-
192
health
-
-
-
103
total
-
-
-
501
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

525
-
909
-
health
34
-
59
-
pensions
81
-
141
-
unemployment
1
-
1
-
income
91
-
189
-
total
207
-
390
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

525
-
909
-
unemployment
-
-
1
-
health
35
-
60
-
pensions
46
-
80
-
total
81
-
141
-
Corporate
443
1 050
-
-
income
84
200
-
-
total
84
200
-
-
Dividends
359
850
-
-
withholding
54
128
-
-
total
54
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
426
328
531
501
After tax
624
722
519
549
Living cost
319
319
319
319
Free-cash
305
403
200
230

Estimated living cost  is $319 per week

$219
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.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$385
$130
$216
-$710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
120
income
-
-
-
205
total
-
-
-
325
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 030
-
147
-
total
1 030
-
147
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 251
411
156
325
After tax
-201
639
894
725
Living cost
509
509
509
509
Free-cash
-710
130
385
216

Estimated living cost  is $509 per week

$331
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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$170
$225
$218
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
surtax
-
-
-
-
social contributions

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

-
-
-
365
income
-
-
-
94
total
-
-
-
459
Employee
546
-
848
-
social contributions
60
-
93
-
surtax
-
-
-
-
income
114
-
212
-
total
174
-
305
-
Employer
546
-
848
-
social contributions
130
-
202
-
total
130
-
202
-
Corporate
374
1 050
-
-
surtax
-
-
-
-
income
79
220
-
-
total
79
220
-
-
Dividends
295
830
-
-
withholding
83
232
-
-
total
83
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
466
452
507
459
After tax
584
598
543
591
Living cost
373
373
373
373
Free-cash
211
225
170
218

Estimated living cost  is $373 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$35
-$45
$33
$37
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
33
social contributions
-
-
-
30
income
-
-
-
81
pensions
-
-
-
287
health
-
-
-
12
total
-
-
-
443
Employee
744
-
800
-
social contributions
21
-
23
-
pensions
84
-
90
-
surtax
-
-
-
-
income
65
-
79
-
total
170
-
192
-
Employer
744
-
800
-
unemployment
30
-
32
-
health
52
-
56
-
pensions
122
-
131
-
other
26
-
28
-
social contributions
2
-
2
-
total
232
-
249
-
Corporate
74
1 050
-
-
surtax
-
-
-
-
income
21
294
-
-
total
21
294
-
-
Dividends
53
756
-
-
withholding
7
97
-
-
surtax
-
-
-
-
social contributions
9
130
-
-
total
16
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
439
521
441
443
After tax
611
529
609
607
Living cost
574
574
574
574
Free-cash
37
-45
35
33

Estimated living cost  is $574 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$478
$588
$448
$548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
14
social contributions
-
-
-
231
total
-
-
-
245
Employee
382
-
909
-
social contributions
25
-
59
-
income
-
-
15
-
total
25
-
74
-
Employer
382
-
909
-
social contributions
59
-
141
-
total
59
-
141
-
Corporate
609
1 050
-
-
income
61
105
-
-
total
61
105
-
-
Dividends
548
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
145
105
215
245
After tax
905
945
835
805
Living cost
357
357
357
357
Free-cash
548
588
478
448

Estimated living cost  is $357 per week

$231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1537
-$1537
$87
-$1537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
189
labour market
-
-
-
83
national
-
-
-
109
pensions
-
-
-
10
total
-
-
-
391
Employee
2 415
2 415
2 415
-
pensions
3
3
3
-
national
295
295
295
-
labour market
193
193
193
-
municipal
514
514
514
-
total
1 005
1 005
1 005
-
Employer
2 415
2 415
2 415
-
pensions
7
7
7
-
national
295
295
295
-
labour market
193
193
193
-
municipal
515
515
515
-
total
1 010
1 010
1 010
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
2 015
2 015
2 015
391
After tax
-965
-965
-965
659
Living cost
572
572
572
572
Free-cash
-1 537
-1 537
-1 537
87

Estimated living cost  is $572 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$271
-$176
$462
$45
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
4
income
-
-
-
244
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
327
Employee
411
-
881
-
health
47
-
101
-
pensions
46
-
92
-
income
56
-
155
-
total
149
-
348
-
Employer
411
-
881
-
unemployment
10
-
22
-
accident
7
-
15
-
pensions
67
-
133
-
total
84
-
170
-
Corporate
555
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.

500
945
-
-
total
500
945
-
-
Dividends
56
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
744
965
518
327
After tax
306
85
532
723
Living cost
261
261
261
261
Free-cash
45
-176
271
462

Estimated living cost  is $261 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
$153
$253
$305
$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

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
municipal
-
-
-
187
national
-
-
-
91
health
-
-
-
11
total
-
-
-
289
Employee
625
-
883
-
health
5
-
9
-
pensions
42
-
60
-
unemployment
9
-
13
-
national
10
-
48
-
municipal
102
-
144
-
total
168
-
274
-
Employer
625
-
883
-
unemployment
4
-
6
-
accident
1
-
1
-
health
5
-
7
-
pensions
108
-
153
-
total
118
-
167
-
Corporate
307
1 050
-
-
income
61
210
-
-
total
61
210
-
-
Dividends

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

184
630
-
-
national
-
18
-
-
municipal
33
113
-
-
total
33
131
-
-
Income
1 050
1 050
1 050
1 050
Total tax
380
341
441
289
After tax
670
709
609
761
Living cost
456
456
456
456
Free-cash
214
253
153
305

Estimated living cost  is $456 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$488
$493
$488
$429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
social contributions
-
-
-
164
income
-
-
-
96
health
-
-
-
27
total
-
-
-
287
Employee
913
913
953
-
health
7
16
16
-
social contributions
35
76
79
-
income
99
85
95
-
total
141
177
190
-
Employer
913
913
953
-
health
8
17
18
-
social contributions
35
76
79
-
total
43
93
97
-
Corporate
592
44
-
-
income
74
5
-
-
total
74
5
-
-
Dividends
518
38
-
-
withholding
88
7
-
-
total
88
7
-
-
Income
1 050
1 050
1 050
1 050
Total tax
346
282
287
287
After tax
704
768
763
763
Living cost
275
275
275
275
Free-cash
429
493
488
488

Estimated living cost  is $275 per week

$165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$459
$681
$644
$621
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

273
-
952
-
health
23
-
81
-
pensions
41
-
143
-
unemployment
1
-
5
-
income
19
-
75
-
total
84
-
304
-
Employer

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

273
-
952
-
unemployment
1
-
5
-
health
12
-
41
-
pensions
15
-
52
-
total
28
-
98
-
Corporate
749
1 050
-
-
income
67
94
-
-
total
67
94
-
-
Dividends
682
956
-
-
withholding
61
86
-
-
total
61
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
240
180
402
217
After tax
810
870
648
833
Living cost
189
189
189
189
Free-cash
621
681
459
644

Estimated living cost  is $189 per week

$120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$237
$381
$230
$317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
179
pensions
-
-
-
297
accident
-
-
-
9
total
-
-
-
493
Employee
439
-
796
-
pensions
21
-
37
-
unemployment
7
-
12
-
other
-
-
1
-
income
85
-
182
-
total
113
-
232
-
Employer
439
-
796
-
unemployment
24
-
44
-
accident
9
-
16
-
pensions
104
-
188
-
other
4
-
6
-
total
141
-
254
-
Corporate
471
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.

71
157
-
-
total
71
157
-
-
Dividends
400
893
-
-
withholding
81
185
-
-
total
81
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
406
342
486
493
After tax
644
708
564
557
Living cost
327
327
327
327
Free-cash
317
381
237
230

Estimated living cost  is $327 per week

$220
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$643
$631
$644
$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
-
-
-
1 050
income
-
-
-
351
pensions
-
-
-
18
health
-
-
-
13
total
-
-
-
382
Employee
37
-
1 030
-
health
2
-
4
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
350
-
total
12
-
363
-
Employer
37
-
1 030
-
unemployment
1
-
2
-
health
4
-
8
-
pensions
4
-
10
-
total
9
-
20
-
Corporate
1 005
1 050
-
-
income
221
231
-
-
total
221
231
-
-
Dividends
784
819
-
-
withholding
157
164
-
-
total
157
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
399
395
383
382
After tax
651
655
667
668
Living cost
24
24
24
24
Free-cash
627
631
643
644

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$334
$554
$335
$496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
13
income
-
-
-
179
pensions
-
-
-
228
health
-
-
-
90
total
-
-
-
510
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.

310
-
893
-
health
16
-
45
-
pensions
43
-
123
-
unemployment
2
-
7
-
income
43
-
179
-
total
104
-
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.

310
-
893
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
37
-
105
-
total
55
-
157
-
Corporate
685
1 050
-
-
income
103
157
-
-
total
103
157
-
-
Dividends
582
893
-
-
withholding
87
134
-
-
total
87
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
349
291
511
510
After tax
701
759
539
540
Living cost
205
205
205
205
Free-cash
496
554
334
335

Estimated living cost  is $205 per week

$138
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.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$223
$278
$271
$272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
365
income
-
-
-
94
total
-
-
-
459
Employee
461
-
848
-
social contributions
51
-
93
-
surtax
-
-
-
-
income
90
-
212
-
total
141
-
305
-
Employer
461
-
848
-
social contributions
110
-
202
-
total
110
-
202
-
Corporate
479
1 050
-
-
surtax
-
-
-
-
income
101
220
-
-
total
101
220
-
-
Dividends
379
830
-
-
withholding
106
232
-
-
total
106
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
458
452
507
459
After tax
592
598
543
591
Living cost
320
320
320
320
Free-cash
272
278
223
271

Estimated living cost  is $320 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$147
$291
$140
$199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
179
pensions
-
-
-
297
accident
-
-
-
9
total
-
-
-
493
Employee
574
-
796
-
pensions
27
-
37
-
unemployment
9
-
12
-
other
1
-
1
-
income
120
-
182
-
total
157
-
232
-
Employer
574
-
796
-
unemployment
32
-
44
-
accident
11
-
16
-
pensions
135
-
188
-
other
5
-
6
-
total
183
-
254
-
Corporate
293
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.

44
157
-
-
total
44
157
-
-
Dividends
249
893
-
-
withholding
50
185
-
-
total
50
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
434
342
486
493
After tax
616
708
564
557
Living cost
417
417
417
417
Free-cash
199
291
147
140

Estimated living cost  is $417 per week

$300
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$607
$694
$578
$620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
unemployment
-
-
-
2
income
-
-
-
157
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
268
Employee
271
-
969
-
health
12
-
19
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
97
-
total
66
-
157
-
Employer
271
-
969
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
29
-
pensions

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

30
-
46
-
total
54
-
82
-
Corporate
726
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
654
945
-
-
withholding
33
47
-
-
total
33
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
226
152
239
268
After tax
824
898
811
782
Living cost
204
204
204
204
Free-cash
620
694
607
578

Estimated living cost  is $204 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$304
$83
$233
$238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
surtax

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

-
-
-
11
trade
-
-
-
71
income

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

-
-
-
195
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
81
total
-
-
-
358
Employee

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

591
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

81
-
81
-
surtax

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

3
-
11
-
income

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

49
-
195
-
total
133
-
287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
459
1 050
-
-
chamber of commerce
2
3
-
-
trade
66
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
-
-
income
69
157
-
-
total
141
320
-
-
Dividends
318
730
-
-
withholding
75
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
79
188
-
-
Income
1 050
1 050
1 050
1 050
Total tax
353
508
287
358
After tax
697
542
763
692
Living cost
459
459
459
459
Free-cash
238
83
304
233

Estimated living cost  is $459 per week

$316
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$59
$58
$59
$85
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
224
social contributions
-
-
-
90
total
-
-
-
314
Employee
929
-
1 050
-
social contributions
77
-
90
-
income
175
-
224
-
total
252
-
314
-
Employer
929
-
1 050
-
total
-
-
-
-
Corporate
121
1 050
-
-
income
15
131
-
-
total
15
131
-
-
Dividends
106
919
-
-
withholding
21
184
-
-
total
21
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
288
315
314
314
After tax
762
735
736
736
Living cost
677
677
677
677
Free-cash
85
58
59
59

Estimated living cost  is $677 per week

$515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$337
$188
$209
$248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 050
income
-
-
-
338
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
-
-
-
410
Employee
545
-
995
-
social contributions
55
-
55
-
income
59
-
172
-
total
114
-
227
-
Employer
545
-
995
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
451
1 050
-
-
income
158
368
-
-
total
158
368
-
-
Dividends
293
682
-
-
social contributions
44
63
-
-
total
44
63
-
-
Income
1 050
1 050
1 050
1 050
Total tax
371
431
282
410
After tax
679
619
768
640
Living cost
431
431
431
431
Free-cash
248
188
337
209

Estimated living cost  is $431 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$218
$342
$336
$274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
195
pensions
-
-
-
75
total
-
-
-
270
Employee
610
-
927
-
health
8
-
14
-
pensions
47
-
85
-
income
111
-
166
-
total
166
-
265
-
Employer
610
-
927
-
health
12
-
18
-
pensions
62
-
105
-
total
74
-
123
-
Corporate
367
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.

70
200
-
-
total
70
200
-
-
Dividends
297
850
-
-
withholding
22
64
-
-
total
22
64
-
-
Income
1 050
1 050
1 050
1 050
Total tax
332
264
388
270
After tax
718
786
662
780
Living cost
444
444
444
444
Free-cash
274
342
218
336

Estimated living cost  is $444 per week

$305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$245
-$202
$436
$40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
other
-
-
-
4
income
-
-
-
244
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
327
Employee
452
-
881
-
health
52
-
101
-
pensions
51
-
92
-
income
62
-
155
-
total
165
-
348
-
Employer
452
-
881
-
unemployment
11
-
22
-
accident
8
-
15
-
pensions
73
-
133
-
total
92
-
170
-
Corporate
506
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.

456
945
-
-
total
456
945
-
-
Dividends
51
105
-
-
withholding
10
20
-
-
total
10
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
723
965
518
327
After tax
327
85
532
723
Living cost
287
287
287
287
Free-cash
40
-202
245
436

Estimated living cost  is $287 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
$471
$732
$443
$674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
13
health insurance
-
-
-
78
income
-
-
-
157
pensions
-
-
-
193
work injury
-
-
-
5
total
-
-
-
446
Employee

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

257
-
1 050
-
pensions
47
-
175
-
unemployment
3
-
11
-
work injury
1
-
5
-
health insurance
19
-
70
-
income
26
-
157
-
total
96
-
418
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
793
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
793
1 050
-
-
withholding
119
157
-
-
total
119
157
-
-
Income
1 050
1 050
1 050
1 050
Total tax
215
157
418
446
After tax
835
893
632
604
Living cost
161
161
161
161
Free-cash
674
732
471
443

Estimated living cost  is $161 per week

$99
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$20
$80
$67
$26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
7
social contributions
-
-
-
270
national
-
-
-
213
regional
-
-
-
20
total
-
-
-
510
Employee
1 001
-
1 050
-
social contributions
338
-
354
-
national
169
-
181
-
regional
15
-
16
-
municipal
6
-
6
-
total
528
-
557
-
Employer
1 001
-
1 050
-
total
-
-
-
-
Corporate
49
1 050
-
-
municipal
2
51
-
-
nationa
12
252
-
-
total
14
303
-
-
Dividends
35
747
-
-
withholding
9
194
-
-
total
9
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
551
497
557
510
After tax
499
553
493
540
Living cost
473
473
473
473
Free-cash
26
80
20
67

Estimated living cost  is $473 per week

$332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close