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

Valencia , Spain
$256
$253
$402
$346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
184
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
291
other
-
-
-
1
total
-
-
-
492
Employee
410
-
796
-
other
-
-
1
-
income
79
-
185
-
unemployment
6
-
12
-
pensions
19
-
37
-
total
104
-
235
-
Employer
410
-
796
-
unemployment
23
-
44
-
pensions
97
-
188
-
other
3
-
6
-
accident
8
-
16
-
total
131
-
254
-
Corporate
509
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.

76
158
-
-
total
76
158
-
-
Dividends
433
892
-
-
withholding
88
185
-
-
total
88
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
399
343
489
492
After tax
651
707
561
558
Living cost
305
305
305
305
Free-cash
346
402
256
253

Estimated living cost  is $305 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$319
$273
$476
$401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
133
health
-
-
-
46
pensions

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

-
-
-
252
other
-
-
-
50
total
-
-
-
481
Employee
403
-
839
-
income
69
-
144
-
health
6
-
12
-
unemployment
4
-
8
-
pensions

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

28
-
59
-
total
107
-
223
-
Employer
403
-
839
-
unemployment
4
-
8
-
pensions

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

68
-
143
-
other
20
-
42
-
accident
3
-
7
-
health
6
-
12
-
total
101
-
212
-
Corporate
546
1 050
-
-
income
115
220
-
-
total
115
220
-
-
Dividends
431
830
-
-
withholding
30
58
-
-
total
30
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
353
278
435
481
After tax
697
772
615
569
Living cost
296
296
296
296
Free-cash
401
476
319
273

Estimated living cost  is $296 per week

$209
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.
$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.
$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
Varna , Bulgaria
$676
$643
$753
$702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
158
health
-
-
-
45
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
262
Employee
193
-
974
-
income
19
-
97
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
153
-
Employer
193
-
974
-
unemployment
1
-
2
-
pensions

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

21
-
43
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
76
-
Corporate
820
1 050
-
-
income
82
105
-
-
total
82
105
-
-
Dividends
738
945
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
203
152
229
262
After tax
847
898
821
788
Living cost
145
145
145
145
Free-cash
702
753
676
643

Estimated living cost  is $145 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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
Nice , France
$220
$226
$149
$215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
92
social contributions
-
-
-
30
health
-
-
-
16
surtax
-
-
-
-
pensions
-
-
-
273
other
-
-
-
33
total
-
-
-
444
Employee
475
-
800
-
income
28
-
88
-
social contributions
14
-
23
-
surtax
-
-
-
-
pensions
54
-
90
-
total
96
-
201
-
Employer
475
-
800
-
unemployment
19
-
32
-
social contributions
1
-
2
-
pensions
78
-
131
-
other
16
-
28
-
health
33
-
56
-
total
147
-
249
-
Corporate
427
1 050
-
-
income
120
294
-
-
surtax
-
-
-
-
total
120
294
-
-
Dividends
307
756
-
-
withholding
39
97
-
-
surtax
-
-
-
-
social contributions
53
130
-
-
total
92
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
521
450
444
After tax
595
529
600
606
Living cost
380
380
380
380
Free-cash
215
149
220
226

Estimated living cost  is $380 per week

$239
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-$52
$131
$10
-$52
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
194
health
-
-
-
130
pensions
-
-
-
130
total
-
-
-
454
Employee
947
947
947
-
income

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

155
155
155
-
health
145
124
145
-
pensions
171
130
171
-
total
471
409
471
-
Employer
947
947
947
-
unemployment
34
34
34
-
pensions
66
66
66
-
health
66
66
66
-
total
166
166
166
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
637
575
637
454
After tax
413
475
413
596
Living cost
465
465
465
465
Free-cash
-52
10
-52
131

Estimated living cost  is $465 per week

$329
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.
$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
Dresden , Germany
$419
$335
$194
$316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

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

-
-
-
208
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.

-
-
-
76
trade
-
-
-
84
surtax

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

-
-
-
11
total
-
-
-
379
Employee

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

424
-
1 050
-
income

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

12
-
208
-
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.

76
-
76
-
surtax

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

1
-
11
-
total
89
-
295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
626
1 050
-
-
chamber of commerce
3
3
-
-
income
94
158
-
-
surtax

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

5
9
-
-
trade
99
165
-
-
total
201
335
-
-
Dividends
426
715
-
-
withholding
102
175
-
-
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.

6
10
-
-
total
108
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
398
520
295
379
After tax
652
530
755
671
Living cost
336
336
336
336
Free-cash
316
194
419
335

Estimated living cost  is $336 per week

$211
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.
$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

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.

Larnaca , Cyprus
$495
$496
$511
$451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
297
Employee
853
853
953
-
income
93
79
106
-
social contributions
32
71
79
-
health
7
15
16
-
total
132
165
201
-
Employer
853
853
953
-
social contributions
32
71
79
-
health
7
16
18
-
total
39
87
97
-
Corporate
622
110
-
-
income
78
14
-
-
total
78
14
-
-
Dividends
544
97
-
-
withholding
93
16
-
-
total
93
16
-
-
Income
1 050
1 050
1 050
1 050
Total tax
342
282
298
297
After tax
708
768
752
753
Living cost
257
257
257
257
Free-cash
451
511
495
496

Estimated living cost  is $257 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
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
Lisbon , Portugal
$191
$242
$250
$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

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

-
-
-
1 050
income
-
-
-
95
social contributions

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

-
-
-
365
surtax
-
-
-
-
total
-
-
-
460
Employee
510
-
848
-
income
106
-
216
-
social contributions
56
-
93
-
surtax
-
-
-
-
total
162
-
309
-
Employer
510
-
848
-
social contributions
121
-
202
-
total
121
-
202
-
Corporate
419
1 050
-
-
income
88
220
-
-
surtax
-
-
-
-
total
88
220
-
-
Dividends
331
830
-
-
withholding
93
232
-
-
total
93
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
464
452
511
460
After tax
586
598
539
590
Living cost
348
348
348
348
Free-cash
238
250
191
242

Estimated living cost  is $348 per week

$260
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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$760
$959
$918
$902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
100
-
1 050
-
income
20
-
210
-
total
20
-
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%.

950
1 050
-
-
total
-
-
-
-
Dividends
950
1 050
-
-
withholding
48
52
-
-
total
48
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
68
52
210
11
After tax
982
998
840
1 039
Living cost
80
80
80
80
Free-cash
902
918
760
959

Estimated living cost  is $80 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Ljubljana , Slovenia
$217
$247
$424
$331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 050
income
-
-
-
208
health
-
-
-
103
unemployment
-
-
-
2
pensions
-
-
-
192
total
-
-
-
505
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.

491
-
909
-
income
85
-
192
-
health
32
-
59
-
unemployment
1
-
1
-
pensions
76
-
141
-
total
194
-
393
-
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.

491
-
909
-
unemployment
-
-
1
-
pensions
43
-
80
-
health
33
-
61
-
total
76
-
142
-
Corporate
483
1 050
-
-
income
92
200
-
-
total
92
200
-
-
Dividends
391
850
-
-
withholding
59
128
-
-
total
59
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
421
328
535
505
After tax
629
722
515
545
Living cost
298
298
298
298
Free-cash
331
424
217
247

Estimated living cost  is $298 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Sliema , Malta
$367
$259
$220
$270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
316
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
-
-
-
388
Employee
509
-
999
-
social contributions
51
-
51
-
income
55
-
178
-
total
106
-
229
-
Employer
509
-
999
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
490
1 050
-
-
income
172
368
-
-
total
172
368
-
-
Dividends
319
682
-
-
social contributions
48
59
-
-
total
48
59
-
-
Income
1 050
1 050
1 050
1 050
Total tax
377
427
280
388
After tax
673
623
770
662
Living cost
403
403
403
403
Free-cash
270
220
367
259

Estimated living cost  is $403 per week

$265
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.
$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
Vilnius , Lithuania
$444
$439
$404
$411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
158
social contributions
-
-
-
145
health
-
-
-
73
total
-
-
-
376
Employee
376
-
1 050
-
income
63
-
153
-
social contributions
52
-
145
-
health
26
-
73
-
total
141
-
371
-
Employer
376
-
1 050
-
total
-
-
-
-
Corporate
674
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%.

34
53
-
-
total
34
53
-
-
Dividends
640
997
-
-
withholding
96
150
-
-
health
45
70
-
-
social contributions
88
138
-
-
total
229
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
411
371
376
After tax
646
639
679
674
Living cost
235
235
235
235
Free-cash
411
404
444
439

Estimated living cost  is $235 per week

$157
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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$231
$210
$422
$313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
social contributions
-
-
-
307
solidarity contribution
-
-
-
-
health
-
-
-
142
total
-
-
-
539
Employee
442
-
784
-
solidarity contribution
-
-
-
-
income
53
-
94
-
social contributions
29
-
51
-
health
60
-
106
-
total
142
-
251
-
Employer
442
-
784
-
social contributions
111
-
196
-
health
40
-
71
-
total
151
-
267
-
Corporate
457
1 050
-
-
income
87
199
-
-
total
87
199
-
-
Dividends
371
851
-
-
withholding
56
128
-
-
total
56
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
436
327
518
539
After tax
614
723
532
511
Living cost
301
301
301
301
Free-cash
313
422
231
210

Estimated living cost  is $301 per week

$224
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.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$716
$915
$874
$850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
155
-
1 050
-
income
31
-
210
-
total
31
-
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%.

895
1 050
-
-
total
-
-
-
-
Dividends
895
1 050
-
-
withholding
45
52
-
-
total
45
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
76
52
210
11
After tax
974
998
840
1 039
Living cost
124
124
124
124
Free-cash
850
874
716
915

Estimated living cost  is $124 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
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.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Paris , France
$64
$70
-$7
$68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
92
social contributions
-
-
-
30
health
-
-
-
16
surtax
-
-
-
-
pensions
-
-
-
273
other
-
-
-
33
total
-
-
-
444
Employee
695
-
800
-
income
61
-
88
-
social contributions
20
-
23
-
surtax
-
-
-
-
pensions
79
-
90
-
total
160
-
201
-
Employer
695
-
800
-
unemployment
28
-
32
-
social contributions
2
-
2
-
pensions
114
-
131
-
other
24
-
28
-
health
49
-
56
-
total
217
-
249
-
Corporate
138
1 050
-
-
income
39
294
-
-
surtax
-
-
-
-
total
39
294
-
-
Dividends
100
756
-
-
withholding
13
97
-
-
surtax
-
-
-
-
social contributions
17
130
-
-
total
30
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
446
521
450
444
After tax
604
529
600
606
Living cost
536
536
536
536
Free-cash
68
-7
64
70

Estimated living cost  is $536 per week

$363
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.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$359
$358
$567
$514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 050
income
-
-
-
192
health
-
-
-
84
unemployment
-
-
-
12
pensions
-
-
-
213
total
-
-
-
501
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.

289
-
904
-
income
40
-
192
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
114
-
total
97
-
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.

289
-
904
-
unemployment
2
-
6
-
pensions
35
-
98
-
health
15
-
42
-
total
52
-
146
-
Corporate
710
1 050
-
-
income
106
158
-
-
total
106
158
-
-
Dividends
603
892
-
-
withholding
90
134
-
-
total
90
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
345
292
500
501
After tax
705
758
550
549
Living cost
191
191
191
191
Free-cash
514
567
359
358

Estimated living cost  is $191 per week

$129
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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$49
$100
-$294
$38
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
regional
-
-
-
37
national
-
-
-
7
health
-
-
-
3
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
pensions
-
-
-
97
total
-
-
-
176
Employee
906
-
940
-
regional
30
-
31
-
city
10
-
10
-
health
2
-
2
-
unemployment
-
-
-
-
national
4
-
5
-
pensions
76
-
79
-
total
122
-
127
-
Employer
906
-
940
-
unemployment
-
-
-
-
pensions
76
-
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.

18
-
19
-
health
2
-
2
-
total
96
-
100
-
Corporate
38
1 050
-
-
regional
8
222
-
-
national
3
89
-
-
total
11
311
-
-
Dividends
27
739
-
-
withholding
9
259
-
-
total
9
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
238
570
227
176
After tax
812
480
823
874
Living cost
774
774
774
774
Free-cash
38
-294
49
100

Estimated living cost  is $774 per week

$503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
$178
$326
$277
$247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
99
health
-
-
-
12
total
-
-
-
298
Employee
584
-
883
-
health
4
-
9
-
unemployment
9
-
13
-
national
10
-
53
-
municipal
96
-
144
-
pensions
39
-
60
-
total
158
-
279
-
Employer
584
-
883
-
unemployment
4
-
6
-
pensions
101
-
153
-
accident
1
-
1
-
health
4
-
7
-
total
110
-
167
-
Corporate
356
1 050
-
-
income
71
210
-
-
total
71
210
-
-
Dividends

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

214
630
-
-
national
-
24
-
-
municipal
38
113
-
-
total
38
137
-
-
Income
1 050
1 050
1 050
1 050
Total tax
377
347
446
298
After tax
673
703
604
752
Living cost
426
426
426
426
Free-cash
247
277
178
326

Estimated living cost  is $426 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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.

Brussels , Belgium
$9
$96
$185
$19
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
336
social contributions
-
-
-
161
communal

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

-
-
-
53
total
-
-
-
550
Employee

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

794
-
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.

37
-
38
-
communal

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

41
-
42
-
unemployment

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

7
-
7
-
national
244
-
252
-
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.

60
-
61
-
total
389
-
400
-
Employer

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

794
-
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
-
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.

70
-
72
-
surtax
90
-
92
-
accident

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

10
-
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.

49
-
50
-
total
231
-
237
-
Corporate
25
1 050
-
-
income
5
210
-
-
surtax
-
4
-
-
total
5
214
-
-
Dividends
20
836
-
-
withholding

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

2
247
-
-
total
2
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
627
461
637
550
After tax
423
589
413
500
Living cost
404
404
404
404
Free-cash
19
185
9
96

Estimated living cost  is $404 per week

$261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$106
$79
$118
$110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
227
national
-
-
-
-
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
108
other
-
-
-
116
total
-
-
-
516
Employee
649
-
799
-
national
-
-
-
-
municipal
193
-
238
-
total
193
-
238
-
Employer
649
-
799
-
unemployment
17
-
21
-
pensions
70
-
86
-
other
75
-
93
-
accident
1
-
2
-
health
40
-
49
-
total
203
-
251
-
Corporate
198
1 050
-
-
income
43
231
-
-
total
43
231
-
-
Dividends
154
819
-
-
withholding
46
246
-
-
total
46
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
485
477
489
516
After tax
565
573
561
534
Living cost
455
455
455
455
Free-cash
110
118
106
79

Estimated living cost  is $455 per week

$302
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
$403
$229
$143
-$665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
205
social contributions
-
-
-
120
total
-
-
-
325
Employee
712
-
-
-
income
157
-
-
-
social contributions
58
-
8
-
total
215
-
8
-
Employer
712
-
-
-
social contributions
1 004
-
143
-
total
1 004
-
143
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 219
411
151
325
After tax
-169
639
899
725
Living cost
496
496
496
496
Free-cash
-665
143
403
229

Estimated living cost  is $496 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Limassol , Cyprus
$392
$393
$408
$364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
social contributions
-
-
-
164
health
-
-
-
27
total
-
-
-
297
Employee
853
853
953
-
income
90
79
106
-
social contributions
41
71
79
-
health
8
15
16
-
total
139
165
201
-
Employer
853
853
953
-
social contributions
41
71
79
-
health
9
16
18
-
total
50
87
97
-
Corporate
500
110
-
-
income
63
14
-
-
total
63
14
-
-
Dividends
437
97
-
-
withholding
74
16
-
-
total
74
16
-
-
Income
1 050
1 050
1 050
1 050
Total tax
326
282
298
297
After tax
724
768
752
753
Living cost
360
360
360
360
Free-cash
364
408
392
393

Estimated living cost  is $360 per week

$246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$256
$362
$378
$324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
210
pensions
-
-
-
76
total
-
-
-
286
Employee
552
-
925
-
income
101
-
165
-
health
7
-
15
-
pensions
42
-
87
-
total
150
-
267
-
Employer
552
-
925
-
pensions
56
-
107
-
health
10
-
18
-
total
66
-
125
-
Corporate
431
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.

82
199
-
-
total
82
199
-
-
Dividends
349
851
-
-
withholding
26
71
-
-
total
26
71
-
-
Income
1 050
1 050
1 050
1 050
Total tax
324
270
392
286
After tax
726
780
658
764
Living cost
402
402
402
402
Free-cash
324
378
256
362

Estimated living cost  is $402 per week

$276
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.
$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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

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.

Rome , Italy
$44
$92
$111
$60
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
20
national
-
-
-
219
social contributions
-
-
-
270
total
-
-
-
516
Employee
935
-
1 050
-
regional
14
-
17
-
social contributions
315
-
354
-
national
158
-
187
-
municipal
6
-
6
-
total
493
-
564
-
Employer
935
-
1 050
-
total
-
-
-
-
Corporate
115
1 050
-
-
nationa
28
252
-
-
municipal
6
51
-
-
total
34
303
-
-
Dividends
82
747
-
-
withholding
21
194
-
-
total
21
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
548
497
564
516
After tax
502
553
486
534
Living cost
442
442
442
442
Free-cash
60
111
44
92

Estimated living cost  is $442 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$315
$492
-$143
$51
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
257
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
330
Employee
359
-
899
-
income
49
-
174
-
health
41
-
103
-
pensions
40
-
79
-
total
130
-
356
-
Employer
359
-
899
-
unemployment
9
-
22
-
pensions
58
-
114
-
accident
6
-
15
-
total
73
-
151
-
Corporate
618
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.

556
945
-
-
total
556
945
-
-
Dividends
62
105
-
-
withholding
12
20
-
-
total
12
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
771
965
507
330
After tax
279
85
543
720
Living cost
228
228
228
228
Free-cash
51
-143
315
492

Estimated living cost  is $228 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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.

Berlin , Germany
$327
$250
$113
$259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income

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

-
-
-
208
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.

-
-
-
76
trade
-
-
-
77
surtax

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

-
-
-
11
total
-
-
-
372
Employee

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

552
-
1 050
-
income

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

45
-
208
-
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.

76
-
76
-
surtax

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

3
-
11
-
total
124
-
295
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
498
1 050
-
-
chamber of commerce
2
3
-
-
income
75
158
-
-
surtax

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

4
9
-
-
trade
71
151
-
-
total
152
321
-
-
Dividends
345
730
-
-
withholding
82
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.

5
10
-
-
total
87
188
-
-
Income
1 050
1 050
1 050
1 050
Total tax
363
509
295
372
After tax
687
541
755
678
Living cost
428
428
428
428
Free-cash
259
113
327
250

Estimated living cost  is $428 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Riga , Latvia
$361
$330
$609
$517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
income
-
-
-
151
social contributions

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

-
-
-
338
surtax
-
-
-
-
total
-
-
-
489
Employee
324
-
846
-
income
58
-
161
-
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.

36
-
93
-
surtax
-
-
-
-
total
94
-
254
-
Employer
324
-
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.

78
-
204
-
surtax
-
-
-
-
total
78
-
204
-
Corporate
648
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%.

130
210
-
-
total
130
210
-
-
Dividends

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

518
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
302
210
458
489
After tax
748
840
592
561
Living cost
231
231
231
231
Free-cash
517
609
361
330

Estimated living cost  is $231 per week

$147
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.
$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.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$442
$452
$510
$486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
270
health
-
-
-
77
pensions
-
-
-
106
total
-
-
-
453
Employee
221
-
931
-
income
43
-
265
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
48
-
total
76
-
344
-
Employer
221
-
931
-
unemployment
4
-
11
-
pensions
24
-
58
-
health
21
-
50
-
total
49
-
119
-
Corporate
780
1 050
-
-
income
172
231
-
-
total
172
231
-
-
Dividends
608
819
-
-
withholding
122
164
-
-
total
122
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
419
395
463
453
After tax
631
655
587
597
Living cost
145
145
145
145
Free-cash
486
510
442
452

Estimated living cost  is $145 per week

$86
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.
$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.
$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
Athens , Greece
$278
$296
$411
$376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
194
health
-
-
-
75
unemployment
-
-
-
3
surtax
-
-
-
23
pensions
-
-
-
210
other
-
-
-
-
total
-
-
-
505
Employee
374
-
867
-
other
-
-
-
-
income
63
-
181
-
health
10
-
22
-
unemployment
26
-
60
-
surtax
1
-
20
-
pensions
25
-
58
-
total
125
-
341
-
Employer
374
-
867
-
unemployment
12
-
27
-
pensions
50
-
116
-
other
-
-
-
-
health
17
-
39
-
total
79
-
182
-
Corporate
598
1 050
-
-
income
155
273
-
-
total
155
273
-
-
Dividends
442
777
-
-
withholding
66
117
-
-
total
66
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
425
390
523
505
After tax
625
660
527
545
Living cost
249
249
249
249
Free-cash
376
411
278
296

Estimated living cost  is $249 per week

$150
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
-$26
$186
$238
$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
income
-
-
-
164
chamber of commerce
-
-
-
4
health
-
-
-
80
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
194
total
-
-
-
510
Employee
485
442
815
-
other
5
4
8
-
income
43
33
148
-
health
19
17
32
-
unemployment
15
13
24
-
pensions
50
45
83
-
total
132
112
295
-
Employer
485
442
815
-
unemployment
15
13
24
-
chamber of commerce
2
2
3
-
pensions
61
55
102
-
payroll
15
13
24
-
other
23
21
39
-
surtax