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
$ 1100
per

Your estimated
City
free-cash

Valencia , Spain
$275
$282
$434
$377
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
-
-
-
1 100
income
-
-
-
201
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
293
other
-
-
-
1
total
-
-
-
511
Employee
413
-
834
-
other
-
-
1
-
income
80
-
198
-
unemployment
6
-
13
-
pensions
19
-
39
-
total
105
-
251
-
Employer
413
-
834
-
unemployment
23
-
46
-
pensions
97
-
197
-
other
3
-
7
-
accident
8
-
17
-
total
131
-
267
-
Corporate
555
1 100
-
-
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.

83
165
-
-
total
83
165
-
-
Dividends
472
935
-
-
withholding
97
194
-
-
total
97
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
416
359
518
511
After tax
684
741
582
589
Living cost
307
307
307
307
Free-cash
377
434
275
282

Estimated living cost  is $307 per week

$207
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$347
$298
$510
$435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
140
health
-
-
-
48
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.

-
-
-
264
other
-
-
-
52
total
-
-
-
504
Employee
405
-
879
-
income
70
-
152
-
health
6
-
12
-
unemployment
4
-
9
-
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
-
61
-
total
108
-
234
-
Employer
405
-
879
-
unemployment
4
-
9
-
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.

69
-
149
-
other
20
-
44
-
accident
3
-
7
-
health
6
-
12
-
total
102
-
221
-
Corporate
592
1 100
-
-
income
124
231
-
-
total
124
231
-
-
Dividends
468
869
-
-
withholding
33
61
-
-
total
33
61
-
-
Income
1 100
1 100
1 100
1 100
Total tax
367
292
455
504
After tax
733
808
645
596
Living cost
298
298
298
298
Free-cash
435
510
347
298

Estimated living cost  is $298 per week

$210
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
$720
$684
$795
$744
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
-
-
-
1 100
income
-
-
-
165
health
-
-
-
45
unemployment
-
-
-
2
pensions

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

-
-
-
58
total
-
-
-
270
Employee
194
-
1 024
-
income
19
-
102
-
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
-
158
-
Employer
194
-
1 024
-
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
868
1 100
-
-
income
87
110
-
-
total
87
110
-
-
Dividends
782
990
-
-
withholding
39
49
-
-
total
39
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
210
159
234
270
After tax
890
941
866
830
Living cost
146
146
146
146
Free-cash
744
795
720
684

Estimated living cost  is $146 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.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$239
$253
$173
$240
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
-
-
-
1 100
income
-
-
-
102
social contributions
-
-
-
31
health
-
-
-
19
surtax
-
-
-
-
pensions
-
-
-
279
other
-
-
-
34
total
-
-
-
465
Employee
478
-
838
-
income
28
-
97
-
social contributions
14
-
24
-
surtax
-
-
-
-
pensions
54
-
95
-
total
96
-
216
-
Employer
478
-
838
-
unemployment
19
-
34
-
social contributions
1
-
3
-
pensions
78
-
138
-
other
16
-
29
-
health
33
-
59
-
total
147
-
263
-
Corporate
473
1 100
-
-
income
132
308
-
-
surtax
-
-
-
-
total
132
308
-
-
Dividends
340
792
-
-
withholding
44
101
-
-
surtax
-
-
-
-
social contributions
59
136
-
-
total
103
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
478
545
479
465
After tax
622
555
621
635
Living cost
382
382
382
382
Free-cash
240
173
239
253

Estimated living cost  is $382 per week

$241
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-$8
$156
$54
-$8
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
-
-
-
1 100
income
-
-
-
212
health
-
-
-
133
pensions
-
-
-
131
total
-
-
-
476
Employee
954
954
954
-
income

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

156
156
156
-
health
146
125
146
-
pensions
172
131
172
-
total
474
412
474
-
Employer
954
954
954
-
unemployment
34
34
34
-
pensions
66
66
66
-
health
66
66
66
-
total
166
166
166
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
640
578
640
476
After tax
460
522
460
624
Living cost
468
468
468
468
Free-cash
-8
54
-8
156

Estimated living cost  is $468 per week

$332
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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$448
$357
$219
$341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 100
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.

-
-
-
226
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
-
-
-
91
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.

-
-
-
12
total
-
-
-
405
Employee

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

427
-
1 100
-
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
-
226
-
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
-
12
-
total
89
-
314
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
673
1 100
-
-
chamber of commerce
3
3
-
-
income
101
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.

6
9
-
-
trade
106
173
-
-
total
216
350
-
-
Dividends
458
749
-
-
withholding
110
183
-
-
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
116
193
-
-
Income
1 100
1 100
1 100
1 100
Total tax
421
543
314
405
After tax
679
557
786
695
Living cost
338
338
338
338
Free-cash
341
219
448
357

Estimated living cost  is $338 per week

$213
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.
$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

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
$523
$523
$547
$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
-
-
-
1 100
income
-
-
-
118
social contributions
-
-
-
172
health
-
-
-
28
total
-
-
-
318
Employee
859
859
999
-
income
93
79
117
-
social contributions
32
71
83
-
health
7
15
17
-
total
132
165
217
-
Employer
859
859
999
-
social contributions
32
71
83
-
health
7
16
18
-
total
39
87
101
-
Corporate
669
154
-
-
income
84
19
-
-
total
84
19
-
-
Dividends
585
135
-
-
withholding
100
23
-
-
total
100
23
-
-
Income
1 100
1 100
1 100
1 100
Total tax
355
294
318
318
After tax
745
806
782
782
Living cost
259
259
259
259
Free-cash
486
547
523
523

Estimated living cost  is $259 per week

$155
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.
$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
Lisbon , Portugal
$211
$266
$276
$264
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.

-
-
-
1 100
income
-
-
-
102
social contributions

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

-
-
-
382
surtax
-
-
-
-
total
-
-
-
484
Employee
514
-
889
-
income
107
-
230
-
social contributions
56
-
98
-
surtax
-
-
-
-
total
163
-
328
-
Employer
514
-
889
-
social contributions
122
-
211
-
total
122
-
211
-
Corporate
464
1 100
-
-
income
98
231
-
-
surtax
-
-
-
-
total
98
231
-
-
Dividends
367
869
-
-
withholding
103
243
-
-
total
103
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
486
474
539
484
After tax
614
626
561
616
Living cost
350
350
350
350
Free-cash
264
276
211
266

Estimated living cost  is $350 per week

$262
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
Batumi , Georgia
$801
$1010
$966
$951
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%.

-
-
-
1 100
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
99
-
1 100
-
income
20
-
220
-
total
20
-
220
-
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%.

1 001
1 100
-
-
total
-
-
-
-
Dividends
1 001
1 100
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
70
55
220
11
After tax
1 030
1 045
880
1 089
Living cost
79
79
79
79
Free-cash
951
966
801
1 010

Estimated living cost  is $79 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
$239
$270
$457
$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

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.

-
-
-
1 100
income
-
-
-
219
health
-
-
-
108
unemployment
-
-
-
2
pensions
-
-
-
201
total
-
-
-
530
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.

494
-
952
-
income
85
-
203
-
health
32
-
61
-
unemployment
1
-
1
-
pensions
77
-
148
-
total
195
-
413
-
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.

494
-
952
-
unemployment
-
-
1
-
pensions
44
-
84
-
health
33
-
63
-
total
77
-
148
-
Corporate
529
1 100
-
-
income
101
209
-
-
total
101
209
-
-
Dividends
429
891
-
-
withholding
64
134
-
-
total
64
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
437
343
561
530
After tax
663
757
539
570
Living cost
300
300
300
300
Free-cash
363
457
239
270

Estimated living cost  is $300 per week

$206
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
$403
$305
$251
$297
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.

-
-
-
1 100
income
-
-
-
318
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
-
-
-
390
Employee
512
-
1 049
-
social contributions
51
-
51
-
income
56
-
190
-
total
107
-
241
-
Employer
512
-
1 049
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
536
1 100
-
-
income
188
385
-
-
total
188
385
-
-
Dividends
349
715
-
-
social contributions
52
59
-
-
total
52
59
-
-
Income
1 100
1 100
1 100
1 100
Total tax
398
444
292
390
After tax
702
656
808
710
Living cost
405
405
405
405
Free-cash
297
251
403
305

Estimated living cost  is $405 per week

$267
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
$472
$469
$434
$440
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
-
-
-
1 100
income
-
-
-
165
social contributions
-
-
-
152
health
-
-
-
77
total
-
-
-
394
Employee
379
-
1 100
-
income
63
-
162
-
social contributions
52
-
152
-
health
26
-
77
-
total
141
-
391
-
Employer
379
-
1 100
-
total
-
-
-
-
Corporate
721
1 100
-
-
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%.

36
55
-
-
total
36
55
-
-
Dividends
685
1 045
-
-
withholding
103
157
-
-
health
48
73
-
-
social contributions
95
144
-
-
total
246
374
-
-
Income
1 100
1 100
1 100
1 100
Total tax
423
429
391
394
After tax
677
671
709
706
Living cost
237
237
237
237
Free-cash
440
434
472
469

Estimated living cost  is $237 per week

$158
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
$253
$230
$452
$344
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
-
-
-
1 100
income
-
-
-
95
social contributions
-
-
-
321
solidarity contribution
-
-
-
-
health
-
-
-
149
total
-
-
-
565
Employee
448
-
821
-
solidarity contribution
-
-
-
-
income
54
-
99
-
social contributions
29
-
53
-
health
60
-
111
-
total
143
-
263
-
Employer
448
-
821
-
social contributions
112
-
205
-
health
40
-
74
-
total
152
-
279
-
Corporate
500
1 100
-
-
income
95
209
-
-
total
95
209
-
-
Dividends
405
891
-
-
withholding
61
134
-
-
total
61
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
451
343
542
565
After tax
649
757
558
535
Living cost
305
305
305
305
Free-cash
344
452
253
230

Estimated living cost  is $305 per week

$226
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.
$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
Tbilisi , Georgia
$756
$965
$921
$898
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%.

-
-
-
1 100
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
-
1 100
-
income
31
-
220
-
total
31
-
220
-
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%.

945
1 100
-
-
total
-
-
-
-
Dividends
945
1 100
-
-
withholding
47
55
-
-
total
47
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
78
55
220
11
After tax
1 022
1 045
880
1 089
Living cost
124
124
124
124
Free-cash
898
921
756
965

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
$82
$96
$16
$92
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
-
-
-
1 100
income
-
-
-
102
social contributions
-
-
-
31
health
-
-
-
19
surtax
-
-
-
-
pensions
-
-
-
279
other
-
-
-
34
total
-
-
-
465
Employee
699
-
838
-
income
61
-
97
-
social contributions
20
-
24
-
surtax
-
-
-
-
pensions
79
-
95
-
total
160
-
216
-
Employer
699
-
838
-
unemployment
28
-
34
-
social contributions
2
-
3
-
pensions
115
-
138
-
other
24
-
29
-
health
49
-
59
-
total
218
-
263
-
Corporate
182
1 100
-
-
income
51
308
-
-
surtax
-
-
-
-
total
51
308
-
-
Dividends
131
792
-
-
withholding
17
101
-
-
surtax
-
-
-
-
social contributions
23
136
-
-
total
40
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
469
545
479
465
After tax
631
555
621
635
Living cost
539
539
539
539
Free-cash
92
16
82
96

Estimated living cost  is $539 per week

$365
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.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$388
$387
$602
$546
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.

-
-
-
1 100
income
-
-
-
209
health
-
-
-
85
unemployment
-
-
-
12
pensions
-
-
-
214
total
-
-
-
520
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.

290
-
953
-
income
40
-
209
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
41
-
115
-
total
98
-
372
-
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.

290
-
953
-
unemployment
2
-
6
-
pensions
35
-
99
-
health
15
-
42
-
total
52
-
147
-
Corporate
758
1 100
-
-
income
114
165
-
-
total
114
165
-
-
Dividends
644
935
-
-
withholding
97
140
-
-
total
97
140
-
-
Income
1 100
1 100
1 100
1 100
Total tax
361
305
519
520
After tax
739
795
581
580
Living cost
193
193
193
193
Free-cash
546
602
388
387

Estimated living cost  is $193 per week

$130
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
$80
$135
-$277
$57
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
-
-
-
1 100
regional
-
-
-
40
national
-
-
-
8
health
-
-
-
3
city
-
-
-
12
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.

-
-
-
22
pensions
-
-
-
101
total
-
-
-
186
Employee
912
-
985
-
regional
30
-
34
-
city
10
-
11
-
health
2
-
2
-
unemployment
-
-
-
-
national
4
-
6
-
pensions
77
-
83
-
total
123
-
136
-
Employer
912
-
985
-
unemployment
-
-
-
-
pensions
77
-
83
-
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
-
20
-
health
2
-
2
-
total
97
-
105
-
Corporate
81
1 100
-
-
regional
17
233
-
-
national
7
94
-
-
total
24
327
-
-
Dividends
57
774
-
-
withholding
20
271
-
-
total
20
271
-
-
Income
1 100
1 100
1 100
1 100
Total tax
264
598
241
186
After tax
836
502
859
914
Living cost
779
779
779
779
Free-cash
57
-277
80
135

Estimated living cost  is $779 per week

$507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$70
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.
$193
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
$200
$354
$303
$277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 100
municipal
-
-
-
196
national
-
-
-
109
health
-
-
-
12
total
-
-
-
317
Employee
588
-
925
-
health
4
-
10
-
unemployment
9
-
14
-
national
10
-
59
-
municipal
96
-
151
-
pensions
40
-
62
-
total
159
-
296
-
Employer
588
-
925
-
unemployment
4
-
6
-
pensions
102
-
161
-
accident
1
-
1
-
health
5
-
7
-
total
112
-
175
-
Corporate
402
1 100
-
-
income
80
220
-
-
total
80
220
-
-
Dividends

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

241
660
-
-
national
-
29
-
-
municipal
43
119
-
-
total
43
148
-
-
Income
1 100
1 100
1 100
1 100
Total tax
394
368
471
317
After tax
706
732
629
783
Living cost
429
429
429
429
Free-cash
277
303
200
354

Estimated living cost  is $429 per week

$280
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.
$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

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
$25
$111
$210
$41
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
-
-
-
1 100
national
-
-
-
355
social contributions
-
-
-
171
communal

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

-
-
-
56
total
-
-
-
582
Employee

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

799
-
852
-
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.

38
-
40
-
communal

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

42
-
44
-
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
246
-
266
-
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
-
64
-
total
393
-
421
-
Employer

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

799
-
852
-
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.

71
-
75
-
surtax
91
-
97
-
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
-
52
-
total
233
-
247
-
Corporate
69
1 100
-
-
income
14
220
-
-
surtax
-
4
-
-
total
14
224
-
-
Dividends
55
876
-
-
withholding

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

12
259
-
-
total
12
259
-
-
Income
1 100
1 100
1 100
1 100
Total tax
652
483
668
582
After tax
448
617
432
518
Living cost
407
407
407
407
Free-cash
41
210
25
111

Estimated living cost  is $407 per week

$262
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.
$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
Stockholm , Sweden
$135
$118
$148
$137
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
-
-
-
1 100
municipal
-
-
-
242
national
-
-
-
-
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
107
other
-
-
-
115
total
-
-
-
529
Employee
645
-
837
-
national
-
-
-
-
municipal
192
-
250
-
total
192
-
250
-
Employer
645
-
837
-
unemployment
17
-
22
-
pensions
70
-
90
-
other
75
-
97
-
accident
1
-
2
-
health
40
-
51
-
total
203
-
262
-
Corporate
252
1 100
-
-
income
56
242
-
-
total
56
242
-
-
Dividends
197
858
-
-
withholding
59
257
-
-
total
59
257
-
-
Income
1 100
1 100
1 100
1 100
Total tax
510
499
512
529
After tax
590
601
588
571
Living cost
453
453
453
453
Free-cash
137
148
135
118

Estimated living cost  is $453 per week

$300
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.
$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
Oslo , Norway
$466
$275
$183
-$579
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
-
-
-
1 100
income
-
-
-
214
social contributions
-
-
-
125
total
-
-
-
339
Employee
696
-
-
-
income
154
-
-
-
social contributions
57
-
8
-
total
211
-
8
-
Employer
696
-
-
-
social contributions
982
-
140
-
total
982
-
140
-
Corporate
-
1 100
-
-
income
-
242
-
-
total
-
242
-
-
Dividends
-
858
-
-
income
-
189
-
-
total
-
189
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 193
431
148
339
After tax
-93
669
952
761
Living cost
486
486
486
486
Free-cash
-579
183
466
275

Estimated living cost  is $486 per week

$315
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.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$420
$420
$444
$397
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
-
-
-
1 100
income
-
-
-
118
social contributions
-
-
-
172
health
-
-
-
28
total
-
-
-
318
Employee
859
859
999
-
income
90
79
117
-
social contributions
42
71
83
-
health
9
15
17
-
total
141
165
217
-
Employer
859
859
999
-
social contributions
42
71
83
-
health
9
16
18
-
total
51
87
101
-
Corporate
546
154
-
-
income
68
19
-
-
total
68
19
-
-
Dividends
478
135
-
-
withholding
81
23
-
-
total
81
23
-
-
Income
1 100
1 100
1 100
1 100
Total tax
341
294
318
318
After tax
759
806
782
782
Living cost
362
362
362
362
Free-cash
397
444
420
420

Estimated living cost  is $362 per week

$248
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
$287
$388
$405
$362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
229
pensions
-
-
-
81
total
-
-
-
310
Employee
551
-
968
-
income
100
-
172
-
health
7
-
16
-
pensions
42
-
92
-
total
149
-
280
-
Employer
551
-
968
-
pensions
56
-
113
-
health
10
-
18
-
total
66
-
131
-
Corporate
483
1 100
-
-
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.

92
209
-
-
total
92
209
-
-
Dividends
391
891
-
-
withholding
29
84
-
-
total
29
84
-
-
Income
1 100
1 100
1 100
1 100
Total tax
336
293
411
310
After tax
764
807
689
790
Living cost
402
402
402
402
Free-cash
362
405
287
388

Estimated living cost  is $402 per week

$275
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
$60
$110
$134
$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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
22
national
-
-
-
233
social contributions
-
-
-
283
total
-
-
-
545
Employee
941
-
1 100
-
regional
14
-
18
-
social contributions
317
-
371
-
national
159
-
199
-
municipal
6
-
7
-
total
496
-
595
-
Employer
941
-
1 100
-
total
-
-
-
-
Corporate
159
1 100
-
-
nationa
38
264
-
-
municipal
8
53
-
-
total
46
317
-
-
Dividends
113
783
-
-
withholding
29
204
-
-
total
29
204
-
-
Income
1 100
1 100
1 100
1 100
Total tax
571
521
595
545
After tax
529
579
505
555
Living cost
445
445
445
445
Free-cash
84
134
60
110

Estimated living cost  is $445 per week

$312
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$337
$521
-$144
$53
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
-
-
-
1 100
income
-
-
-
272
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
44
other
-
-
-
4
total
-
-
-
346
Employee
366
-
944
-
income
50
-
185
-
health
42
-
108
-
pensions
41
-
81
-
total
133
-
374
-
Employer
366
-
944
-
unemployment
9
-
23
-
pensions
60
-
117
-
accident
6
-
16
-
total
75
-
156
-
Corporate
659
1 100
-
-
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.

593
990
-
-
total
593
990
-
-
Dividends
66
110
-
-
withholding
13
21
-
-
total
13
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
814
1 011
530
346
After tax
286
89
570
754
Living cost
233
233
233
233
Free-cash
53
-144
337
521

Estimated living cost  is $233 per week

$171
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
$355
$272
$137
$282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 100
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.

-
-
-
226
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
-
-
-
83
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.

-
-
-
12
total
-
-
-
397
Employee

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

556
-
1 100
-
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.

46
-
226
-
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
-
12
-
total
125
-
314
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
544
1 100
-
-
chamber of commerce
3
3
-
-
income
82
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.

4
9
-
-
trade
78
158
-
-
total
167
335
-
-
Dividends
378
765
-
-
withholding
90
187
-
-
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
95
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
387
532
314
397
After tax
713
568
786
703
Living cost
431
431
431
431
Free-cash
282
137
355
272

Estimated living cost  is $431 per week

$297
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
$387
$355
$648
$556
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.

-
-
-
1 100
microenterprise
-
-
-
-
income
-
-
-
159
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.

-
-
-
354
surtax
-
-
-
-
total
-
-
-
513
Employee
326
-
886
-
income
58
-
169
-
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
-
98
-
surtax
-
-
-
-
total
94
-
267
-
Employer
326
-
886
-
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.

79
-
214
-
surtax
-
-
-
-
total
79
-
214
-
Corporate
695
1 100
-
-
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%.

139
220
-
-
total
139
220
-
-
Dividends

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

556
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
312
220
481
513
After tax
788
880
619
587
Living cost
232
232
232
232
Free-cash
556
648
387
355

Estimated living cost  is $232 per week

$148
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.
$57
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
$471
$482
$539
$516
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
-
-
-
1 100
income
-
-
-
287
health
-
-
-
77
pensions
-
-
-
107
total
-
-
-
471
Employee
223
-
980
-
income
43
-
281
-
health
11
-
27
-
unemployment
2
-
5
-
pensions
20
-
48
-
total
76
-
361
-
Employer
223
-
980
-
unemployment
4
-
11
-
pensions
25
-
59
-
health
21
-
51
-
total
50
-
121
-
Corporate
827
1 100
-
-
income
182
242
-
-
total
182
242
-
-
Dividends
645
858
-
-
withholding
129
172
-
-
total
129
172
-
-
Income
1 100
1 100
1 100
1 100
Total tax
437
414
482
471
After tax
663
686
618
629
Living cost
147
147
147
147
Free-cash
516
539
471
482

Estimated living cost  is $147 per week

$87
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
$295
$316
$441
$405
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
-
-
-
1 100
income
-
-
-
207
health
-
-
-
78
unemployment
-
-
-
3
surtax
-
-
-
25
pensions
-
-
-
220
other
-
-
-
-
total
-
-
-
533
Employee
376
-
909
-
other
-
-
-
-
income
63
-
193
-
health
10
-
23
-
unemployment
26
-
63
-
surtax
1
-
23
-
pensions
25
-
61
-
total
125
-
363
-
Employer
376
-
909
-
unemployment
12
-
29
-
pensions
50
-
121
-
other
-
-
-
-
health
17
-
41
-
total
79
-
191
-
Corporate
645
1 100
-
-
income
168
286
-
-
total
168
286
-
-
Dividends
477
814
-
-
withholding
72
122
-
-
total
72
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
444
408
554
533
After tax
656
692
546
567
Living cost
251
251
251
251
Free-cash
405
441
295
316

Estimated living cost  is $251 per week

$151
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.
$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
Graz , Austria
-$20
$205
$262
$257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
179
chamber of commerce
-
-
-
4
health
-
-
-
84
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
204
total
-
-
-
539
Employee
488
445
854
-
other
5
4
9
-
income
43
33
160
-
health
19
17
33
-
unemployment
15
13
26
-
pensions
50
46
87
-
total
132
113
315
-
Employer
488
445
854
-
unemployment
15
13
26
-
chamber of commerce
2
2
3
-
pensions
61
56
107
-
payroll
15
13
26
-
other
23
21
41
-