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

Dresden , Germany
$230
$347
$359
$453
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
trade
-
-
-
94
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.

-
-
-
233
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.

-
-
-
74
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.

-
-
-
13
total
-
-
-
414
Employee

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

413
-
1 100
-
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.

74
-
74
-
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
-
13
-
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
-
233
-
total
87
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
687
1 100
-
-
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
-
-
income
103
165
-
-
trade
108
173
-
-
chamber of commerce
3
3
-
-
total
220
350
-
-
Dividends
468
749
-
-
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
-
-
withholding
113
183
-
-
total
119
193
-
-
Income
1 100
1 100
1 100
1 100
Total tax
426
543
320
414
After tax
674
557
780
686
Living cost
327
327
327
327
Free-cash
347
230
453
359

Estimated living cost  is $327 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$141
$131
$118
$127
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
-
-
-
115
pensions
-
-
-
132
national
-
-
-
178
social contributions
-
-
-
12
total
-
-
-
437
Employee
844
-
951
-
municipal
104
-
119
-
pensions
34
-
38
-
national
162
-
185
-
total
300
-
342
-
Employer
844
-
951
-
social contributions
9
-
10
-
pensions
68
-
76
-
total
77
-
86
-
Corporate
124
1 100
-
-
income

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

25
220
-
-
total
25
220
-
-
Dividends
99
880
-
-
withholding
22
194
-
-
total
22
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
424
414
428
437
After tax
676
686
672
663
Living cost
545
545
545
545
Free-cash
131
141
127
118

Estimated living cost  is $545 per week

$370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$655
$566
$362
$394
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
surtax
-
-
-
-
social contributions

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

-
-
-
354
total
-
-
-
513
Employee
315
-
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.

35
-
98
-
surtax
-
-
-
-
income
56
-
169
-
total
91
-
267
-
Employer
315
-
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.

76
-
214
-
surtax
-
-
-
-
total
76
-
214
-
Corporate
709
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%.

142
220
-
-
total
142
220
-
-
Dividends

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

567
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
309
220
481
513
After tax
791
880
619
587
Living cost
225
225
225
225
Free-cash
566
655
394
362

Estimated living cost  is $225 per week

$143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Riga model

Close
Rotterdam , Netherlands
$82
$15
$173
$86
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
-
-
-
219
pensions
-
-
-
126
health
-
-
-
130
total
-
-
-
475
Employee
922
922
936
-
health
141
120
121
-
income

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

151
151
151
-
pensions
166
126
126
-
total
458
397
398
-
Employer
922
922
936
-
unemployment
33
33
34
-
pensions
64
64
65
-
health
64
64
65
-
total
161
161
164
-
Corporate
28
17
-
-
income
6
3
-
-
total
6
3
-
-
Dividends
23
14
-
-
income
5
3
-
-
withholding
3
2
-
-
total
8
5
-
-
Income
1 100
1 100
1 100
1 100
Total tax
633
566
562
475
After tax
467
534
538
625
Living cost
452
452
452
452
Free-cash
15
82
86
173

Estimated living cost  is $452 per week

$320
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$185
$175
$170
$172
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
-
-
-
249
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
-
total
-
-
-
514
Employee
593
-
837
-
municipal
177
-
250
-
national
-
-
-
-
total
177
-
250
-
Employer
593
-
837
-
accident
1
-
2
-
other
69
-
97
-
unemployment
16
-
22
-
pensions
64
-
90
-
health
36
-
51
-
total
186
-
262
-
Corporate
321
1 100
-
-
income
71
242
-
-
total
71
242
-
-
Dividends
251
858
-
-
withholding
75
257
-
-
total
75
257
-
-
Income
1 100
1 100
1 100
1 100
Total tax
509
499
512
514
After tax
591
601
588
586
Living cost
416
416
416
416
Free-cash
175
185
172
170

Estimated living cost  is $416 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$127
$277
$258
$356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 100
trade
-
-
-
98
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.

-
-
-
233
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.

-
-
-
74
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.

-
-
-
13
total
-
-
-
418
Employee

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

547
-
1 100
-
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.

74
-
74
-
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
-
13
-
income

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

47
-
233
-
total
124
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
553
1 100
-
-
surtax

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

5
9
-
-
income
83
165
-
-
trade
91
181
-
-
chamber of commerce
2
3
-
-
total
181
358
-
-
Dividends
372
742
-
-
surtax

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

5
10
-
-
withholding
89
181
-
-
total
94
191
-
-
Income
1 100
1 100
1 100
1 100
Total tax
399
549
320
418
After tax
701
551
780
682
Living cost
424
424
424
424
Free-cash
277
127
356
258

Estimated living cost  is $424 per week

$284
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.
$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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$455
$411
$427
$427
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
-
-
-
123
health
-
-
-
28
social contributions
-
-
-
172
total
-
-
-
323
Employee
830
830
999
-
social contributions
40
69
83
-
health
8
14
17
-
income
87
77
122
-
total
135
160
222
-
Employer
830
830
999
-
social contributions
40
69
83
-
health
9
15
18
-
total
49
84
101
-
Corporate
565
186
-
-
income
71
23
-
-
total
71
23
-
-
Dividends
494
163
-
-
withholding
84
28
-
-
total
84
28
-
-
Income
1 100
1 100
1 100
1 100
Total tax
339
295
323
323
After tax
761
805
777
777
Living cost
350
350
350
350
Free-cash
411
455
427
427

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$424
$429
$567
$443
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
-
-
-
134
pensions
-
-
-
110
unemployment
-
-
-
17
health
-
-
-
77
total
-
-
-
338
Employee

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

The minimum wage is 138,000 HUF per month.

282
112
921
-
health
20
8
64
-
income
34
14
113
-
pensions
28
11
92
-
unemployment
4
2
14
-
total
86
35
283
-
Employer

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

The minimum wage is 138,000 HUF per month.

282
112
921
-
pensions
55
22
179
-
total
55
22
179
-
Corporate
763
966
-
-
income
69
87
-
-
total
69
87
-
-
Dividends
694
879
-
-
social contributions
134
170
-
-
withholding
132
167
-
-
total
266
337
-
-
Income
1 100
1 100
1 100
1 100
Total tax
476
481
462
338
After tax
624
619
638
762
Living cost
195
195
195
195
Free-cash
429
424
443
567

Estimated living cost  is $195 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

Source of data for Budapest model

Close
Tallinn , Estonia
$619
$553
$329
$373
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
-
-
-
147
pensions
-
-
-
220
health
-
-
-
143
total
-
-
-
510
Employee
306
-
822
-
income
34
-
159
-
pensions
6
-
16
-
unemployment
5
-
13
-
total
45
-
188
-
Employer
306
-
822
-
unemployment
2
-
7
-
pensions
61
-
164
-
health
40
-
107
-
total
103
-
278
-
Corporate
690
1 100
-
-
income
138
220
-
-
total
138
220
-
-
Dividends
552
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
286
220
466
510
After tax
814
880
634
590
Living cost
261
261
261
261
Free-cash
553
619
373
329

Estimated living cost  is $261 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$147
$54
$518
$333
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
accident
-
-
-
3
income
-
-
-
271
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
346
Employee
371
-
943
-
health
42
-
108
-
income
51
-
184
-
pensions
42
-
82
-
total
135
-
374
-
Employer
371
-
943
-
accident
6
-
16
-
unemployment
9
-
23
-
pensions
60
-
118
-
total
75
-
157
-
Corporate
654
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.

588
990
-
-
total
588
990
-
-
Dividends
65
110
-
-
withholding
12
21
-
-
total
12
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
810
1 011
531
346
After tax
290
89
569
754
Living cost
236
236
236
236
Free-cash
54
-147
333
518

Estimated living cost  is $236 per week

$173
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.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$947
$928
$991
$782
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
123
-
1 100
-
income
25
-
220
-
total
25
-
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%.

977
1 100
-
-
total
-
-
-
-
Dividends
977
1 100
-
-
withholding
49
55
-
-
total
49
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
74
55
220
11
After tax
1 026
1 045
880
1 089
Living cost
98
98
98
98
Free-cash
928
947
782
991

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$520
$448
$308
$356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
140
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
health
-
-
-
48
total
-
-
-
504
Employee
392
-
879
-
health
5
-
12
-
income
67
-
153
-
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.

27
-
61
-
unemployment
4
-
9
-
total
103
-
235
-
Employer
392
-
879
-
accident
3
-
7
-
other
20
-
44
-
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.

67
-
149
-
health
5
-
12
-
total
99
-
221
-
Corporate
609
1 100
-
-
income
128
231
-
-
total
128
231
-
-
Dividends
481
869
-
-
withholding
34
61
-
-
total
34
61
-
-
Income
1 100
1 100
1 100
1 100
Total tax
364
292
456
504
After tax
736
808
644
596
Living cost
288
288
288
288
Free-cash
448
520
356
308

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$81
-$69
$64
-$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
-
-
-
1 100
income
-
-
-
228
pensions
-
-
-
81
total
-
-
-
309
Employee
1 028
-
968
-
health
17
-
16
-
income
185
-
172
-
pensions
99
-
92
-
total
301
-
280
-
Employer
1 028
-
968
-
pensions
121
-
113
-
health
20
-
18
-
total
141
-
131
-
Corporate
-
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.

-
209
-
-
total
-
209
-
-
Dividends
-
891
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
1 100
1 100
1 100
1 100
Total tax
442
292
411
309
After tax
658
808
689
791
Living cost
727
727
727
727
Free-cash
-69
81
-38
64

Estimated living cost  is $727 per week

$544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$800
$748
$692
$727
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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
266
Employee
187
-
1 026
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
103
-
pensions

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

16
-
33
-
total
46
-
157
-
Employer
187
-
1 026
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
876
1 100
-
-
income
88
110
-
-
total
88
110
-
-
Dividends
788
990
-
-
withholding
39
49
-
-
total
39
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
210
159
231
266
After tax
890
941
869
834
Living cost
142
142
142
142
Free-cash
748
800
727
692

Estimated living cost  is $142 per week

$83
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.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-$64
-$76
$27
-$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
-
-
-
1 100
income
-
-
-
219
pensions
-
-
-
126
health
-
-
-
130
total
-
-
-
475
Employee
1 001
922
936
-
health
125
120
121
-
income

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

151
151
151
-
pensions
126
126
126
-
total
402
397
398
-
Employer
1 001
922
936
-
unemployment
36
33
34
-
pensions
70
64
65
-
health
70
64
65
-
total
176
161
164
-
Corporate
-
17
-
-
income
-
3
-
-
total
-
3
-
-
Dividends
-
14
-
-
income
-
3
-
-
withholding
-
2
-
-
total
-
5
-
-
Income
1 100
1 100
1 100
1 100
Total tax
578
566
562
475
After tax
522
534
538
625
Living cost
598
598
598
598
Free-cash
-76
-64
-60
27

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$499
$408
$277
$300
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
health
-
-
-
149
solidarity contribution
-
-
-
-
social contributions
-
-
-
321
total
-
-
-
565
Employee
379
-
821
-
social contributions
25
-
53
-
health
51
-
111
-
solidarity contribution
-
-
-
-
income
45
-
99
-
total
121
-
263
-
Employer
379
-
821
-
social contributions
95
-
205
-
health
34
-
74
-
total
129
-
279
-
Corporate
592
1 100
-
-
income
112
209
-
-
total
112
209
-
-
Dividends
479
891
-
-
withholding
72
134
-
-
total
72
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
434
343
542
565
After tax
666
757
558
535
Living cost
258
258
258
258
Free-cash
408
499
300
277

Estimated living cost  is $258 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Brno model

Close
Milan , Italy
$132
$77
$108
$55
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
-
-
-
12
national
-
-
-
235
social contributions
-
-
-
283
total
-
-
-
537
Employee
959
-
1 100
-
social contributions
323
-
371
-
regional
9
-
11
-
municipal
5
-
6
-
national
166
-
202
-
total
503
-
590
-
Employer
959
-
1 100
-
total
-
-
-
-
Corporate
141
1 100
-
-
nationa
34
264
-
-
municipal
5
43
-
-
total
39
307
-
-
Dividends
102
793
-
-
withholding
26
206
-
-
total
26
206
-
-
Income
1 100
1 100
1 100
1 100
Total tax
568
513
590
537
After tax
532
587
510
563
Living cost
455
455
455
455
Free-cash
77
132
55
108

Estimated living cost  is $455 per week

$317
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$454
$420
$326
$305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
210
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
26
total
-
-
-
536
Employee
357
-
909
-
other
-
-
-
-
health
9
-
23
-
surtax
1
-
23
-
income
60
-
196
-
pensions
24
-
61
-
unemployment
25
-
63
-
total
119
-
366
-
Employer
357
-
909
-
other
-
-
-
-
unemployment
11
-
29
-
pensions
48
-
121
-
health
16
-
41
-
total
75
-
191
-
Corporate
668
1 100
-
-
income
174
286
-
-
total
174
286
-
-
Dividends
494
814
-
-
withholding
74
122
-
-
total
74
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
442
408
557
536
After tax
658
692
543
564
Living cost
238
238
238
238
Free-cash
420
454
305
326

Estimated living cost  is $238 per week

$146
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$312
$243
$295
$193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
228
pensions
-
-
-
81
total
-
-
-
309
Employee
689
-
968
-
health
10
-
16
-
income
124
-
172
-
pensions
58
-
92
-
total
192
-
280
-
Employer
689
-
968
-
pensions
75
-
113
-
health
13
-
18
-
total
88
-
131
-
Corporate
323
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.

61
209
-
-
total
61
209
-
-
Dividends
262
891
-
-
withholding
20
83
-
-
total
20
83
-
-
Income
1 100
1 100
1 100
1 100
Total tax
361
292
411
309
After tax
739
808
689
791
Living cost
496
496
496
496
Free-cash
243
312
193
295

Estimated living cost  is $496 per week

$372
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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$321
$32
$93
$37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
city
-
-
-
12
pensions
-
-
-
101
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
regional
-
-
-
38
health
-
-
-
3
national
-
-
-
7
total
-
-
-
183
Employee
965
-
985
-
city
10
-
11
-
regional
32
-
33
-
health
2
-
2
-
pensions
81
-
83
-
unemployment
-
-
-
-
national
5
-
5
-
total
130
-
134
-
Employer
965
-
985
-
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.

19
-
20
-
unemployment
-
-
-
-
pensions
81
-
83
-
health
2
-
2
-
total
102
-
105
-
Corporate
22
1 100
-
-
regional
5
233
-
-
national
2
93
-
-
total
7
326
-
-
Dividends
16
774
-
-
withholding
5
271
-
-
total
5
271
-
-
Income
1 100
1 100
1 100
1 100
Total tax
244
597
239
183
After tax
856
503
861
917
Living cost
824
824
824
824
Free-cash
32
-321
37
93

Estimated living cost  is $824 per week

$536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
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.
$204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$51
$226
$183
$286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 100
trade
-
-
-
103
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.

-
-
-
233
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.

-
-
-
74
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.

-
-
-
13
total
-
-
-
423
Employee

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

649
-
1 100
-
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.

74
-
74
-
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
-
13
-
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.

76
-
233
-
total
154
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
451
1 100
-
-
surtax

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

4
9
-
-
income
68
165
-
-
trade
77
189
-
-
chamber of commerce
2
3
-
-
total
151
366
-
-
Dividends
300
734
-
-
surtax

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

4
10
-
-
withholding
71
179
-
-
total
75
189
-
-
Income
1 100
1 100
1 100
1 100
Total tax
380
555
320
423
After tax
720
545
780
677
Living cost
494
494
494
494
Free-cash
226
51
286
183

Estimated living cost  is $494 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Additional information

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

Source of data for Munich model

Close
Nice , France
$186
$250
$264
$323
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
-
-
-
108
pensions
-
-
-
272
other
-
-
-
34
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
467
Employee
462
-
892
-
social contributions
13
-
25
-
surtax
-
-
-
-
income
27
-
132
-
pensions
52
-
43
-
total
92
-
200
-
Employer
462
-
892
-
other
16
-
31
-
social contributions
1
-
3
-
unemployment
19
-
36
-
pensions
76
-
76
-
health
32
-
62
-
total
144
-
208
-
Corporate
494
1 100
-
-
surtax
-
-
-
-
income
138
308
-
-
total
138
308
-
-
Dividends
356
792
-
-
surtax
-
-
-
-
social contributions
61
136
-
-
withholding
46
101
-
-
total
107
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
481
545
408
467
After tax
619
555
692
633
Living cost
369
369
369
369
Free-cash
250
186
323
264

Estimated living cost  is $369 per week

$233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Nice model

Close
Marseille , France
$222
$280
$300
$359
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
-
-
-
108
pensions
-
-
-
272
other
-
-
-
34
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
467
Employee
412
-
892
-
social contributions
12
-
25
-
surtax
-
-
-
-
income
21
-
132
-
pensions
47
-
43
-
total
80
-
200
-
Employer
412
-
892
-
other
14
-
31
-
social contributions
1
-
3
-
unemployment
17
-
36
-
pensions
68
-
76
-
health
29
-
62
-
total
129
-
208
-
Corporate
559
1 100
-
-
surtax
-
-
-
-
income
157
308
-
-
total
157
308
-
-
Dividends
402
792
-
-
surtax
-
-
-
-
social contributions
69
136
-
-
withholding
52
101
-
-
total
121
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
487
545
408
467
After tax
613
555
692
633
Living cost
333
333
333
333
Free-cash
280
222
359
300

Estimated living cost  is $333 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Marseille model

Close
Vilnius , Lithuania
$442
$447
$477
$478
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
-
-
-
77
social contributions
-
-
-
152
total
-
-
-
394
Employee
366
-
1 100
-
social contributions
50
-
152
-
health
26
-
77
-
income
61
-
164
-
total
137
-
393
-
Employer
366
-
1 100
-
total
-
-
-
-
Corporate
734
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%.

37
55
-
-
total
37
55
-
-
Dividends
697
1 045
-
-
health
49
73
-
-
social contributions
96
144
-
-
withholding
105
157
-
-
total
250
374
-
-
Income
1 100
1 100
1 100
1 100
Total tax
424
429
393
394
After tax
676
671
707
706
Living cost
229
229
229
229
Free-cash
447
442
478
477

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Vilnius model

Close
Vienna , Austria
$236
$221
$176
-$49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
chamber of commerce
-
-
-
4
income
-
-
-
184
pensions
-
-
-
204
unemployment
-
-
-
66
health
-
-
-
84
surtax
-
-
-
2
total
-
-
-
544
Employee
539
430
853
-
other
5
4
9
-
health
21
17
33
-
income
61
32
164
-
pensions
55
44
87
-
unemployment
16
13
26
-
total
158
110
319
-
Employer
539
430
853
-
accident
7
6
11
-
other
26
20
40
-
chamber of commerce
2
2
3
-
unemployment
16
13
26
-
surtax
2
2
2
-
pensions
68
54
107
-
payroll
16
13
26
-
health
20
16
32
-
total
157
126
247
-
Corporate
403
544
812
-
income

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

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

101
136
203
-
total
101
136
203
-
Dividends
303
408
-
-
withholding
83
112
-
-
total
83
112
-
-
Income
1 100
1 100
1 100
1 100
Total tax
499
484
769
544
After tax
601
616
331
556
Living cost
380
380
380
380
Free-cash
221
236
-49
176

Estimated living cost  is $380 per week

$254
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$224
$63
$120
$36
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
-
-
-
358
communal

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

-
-
-
56
social contributions
-
-
-
173
total
-
-
-
587
Employee

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

772
-
852
-
communal

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

40
-
44
-
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.

36
-
40
-
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.

58
-
64
-
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
237
-
269
-
total
378
-
424
-
Employer

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

772
-
852
-
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
-
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.

11
-
12
-
surtax
88
-
97
-
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.

68
-
75
-
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.

47
-
52
-
total
224
-
247
-
Corporate
103
1 100
-
-
surtax
-
4
-
-
income
21
220
-
-
total
21
224
-
-
Dividends
82
876
-
-
withholding

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

21
259
-
-
total
21
259
-
-
Income
1 100
1 100
1 100
1 100
Total tax
644
483
671
587
After tax
456
617
429
513
Living cost
393
393
393
393
Free-cash
63
224
36
120

Estimated living cost  is $393 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$351
$265
$202
$189
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
accident
-
-
-
9
income
-
-
-
208
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
508
Employee
537
-
834
-
other
1
-
1
-
income
113
-
201
-
pensions
25
-
39
-
unemployment
8
-
13
-
total
147
-
254
-
Employer
537
-
834
-
accident
11
-
17
-
other
4
-
7
-
unemployment
30
-
46
-
pensions
127
-
197
-
total
172
-
267
-
Corporate
392
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.

59
165
-
-
total
59
165
-
-
Dividends
333
935
-
-
withholding
67
194
-
-
total
67
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
445
359
521
508
After tax
655
741
579
592
Living cost
390
390
390
390
Free-cash
265
351
189
202

Estimated living cost  is $390 per week

$287
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$87
$14
$41
$89
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
accident
-
-
-
9
income
-
-
-
97
pensions
-
-
-
165
health
-
-
-
77
surtax
-
-
-
55
communal
-
-
-
70
total
-
-
-
473
Employee
817
-
983
-
health
36
-
44
-
surtax
50
-
60
-
income
79
-
124
-
pensions
65
-
79
-
total
230
-
307
-
Employer
817
-
983
-
accident
7
-
9
-
pensions
65
-
79
-
health
25
-
30
-
total
97
-
118
-
Corporate
185
1 100
-
-
surtax
2
12
-
-
communal
-
74
-
-
income
28
165
-
-
total
30
251
-
-
Dividends
155
849
-
-
income
120
49
-
-
withholding
23
127
-
-
total
143
176
-
-
Income
1 100
1 100
1 100
1 100
Total tax
500
427
425
473
After tax
600
673
675
627
Living cost
586
586
586
586
Free-cash
14
87
89
41

Estimated living cost  is $586 per week

$440
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$450
$416
$322
$301
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
-
-
-
210
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
26
total
-
-
-
536
Employee
363
-
909
-
other
-
-
-
-
health
9
-
23
-
surtax
1
-
23
-
income
61
-
196
-
pensions
24
-
61
-
unemployment
25
-
63
-
total
120
-
366
-
Employer
363
-
909
-
other
-
-
-
-
unemployment
12
-
29
-
pensions
48
-
121
-
health
17
-
41
-
total
77
-
191
-
Corporate
660
1 100
-
-
income
172
286
-
-
total
172
286
-
-
Dividends
488
814
-
-
withholding
73
122
-
-
total
73
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
442
408
557
536
After tax
658
692
543
564
Living cost
242
242
242
242
Free-cash
416
450
301
322

Estimated living cost  is $242 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$287
$263
$267
$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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
17
national
-
-
-
235
social contributions
-
-
-
283
total
-
-
-
542
Employee
599
-
1 100
-
social contributions
202
-
371
-
regional
8
-
15
-
municipal
3
-
6
-
national
95
-
202
-
total
308
-
594
-
Employer
599
-
1 100
-
total
-
-
-
-
Corporate
501
1 100
-
-
nationa
120
264
-
-
municipal
25
55
-
-
total
145
319
-
-
Dividends
356
781
-
-
withholding
93
203
-
-
total
93
203
-
-
Income
1 100
1 100
1 100
1 100
Total tax
546
522
594
542
After tax
554
578
506
558
Living cost
291
291
291
291
Free-cash
263
287
215
267

Estimated living cost  is $291 per week

$181
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$439
$326
$217
$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
-
-
-
95
health
-
-
-
149
solidarity contribution
-
-
-
-
social contributions
-
-
-
321
total
-
-
-
565
Employee
467
-
821
-
social contributions
30
-
53
-
health
63
-
111
-
solidarity contribution
-
-
-
-
income
56
-
99
-
total
149
-
263
-
Employer
467
-
821
-
social contributions
117
-
205
-
health
42
-
74
-
total
159
-
279
-
Corporate
474
1 100
-
-
income
90
209
-
-
total
90
209
-
-
Dividends
384
891
-
-
withholding
58
134
-
-
total
58
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
456
343
542
565
After tax
644
757
558
535
Living cost
318
318
318
318
Free-cash
326
439
240
217

Estimated living cost  is $318 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Source of data for Prague model

Close
Graz , Austria
$272
$269
$214
-$13
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
chamber of commerce
-
-
-
4
income
-
-
-
184
pensions
-
-
-
204
unemployment
-
-
-
66
health
-
-
-
84
surtax
-
-
-
-
total
-
-
-
542
Employee
472
430
854
-
other
5
4
9
-
health
18
17
33
-
income
42
32
165
-
pensions
48
44
87
-
unemployment
14
13
26
-
total
127
110
320
-
Employer
472
430
854
-
accident
6
6
11
-
other
22
20
41
-
chamber of commerce
2
2
3
-
unemployment
14
13
26
-
surtax
-
-
-
-
pensions
59
54
107
-
payroll
14
13
26
-
health
18
16
32
-
total
135
124
246
-
Corporate
493
546
813
-
income

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

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

123
137
203
-
total
123
137
203
-
Dividends
369
410
-
-
withholding
102
113
-
-
total
102
113
-
-
Income
1 100
1 100
1 100
1 100
Total tax
487
484
769
542
After tax
613
616
331
558
Living cost
344
344
344
344
Free-cash
269
272
-13
214

Estimated living cost  is $344 per week

$207
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$892
$864
$936
$727
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
192
-
1 100
-
income
38
-
220
-
total
38
-
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%.

908
1 100
-
-
total
-
-
-
-
Dividends
908
1 100
-
-
withholding
45
55
-
-
total
45
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
83
55
220
11
After tax
1 017
1 045
880
1 089
Living cost
153
153
153
153
Free-cash
864
892
727
936

Estimated living cost  is $153 per week

$104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$468
$378
$279
$248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
221
pensions
-
-
-
201
unemployment
-
-
-
2
health
-
-
-
108
total
-
-
-
532
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.

477
-
952
-
health
31
-
61
-
income
82
-
205
-
pensions
74
-
148
-
unemployment
1
-
1
-
total
188
-
415
-
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.

477
-
952
-
unemployment
-
-
1
-
pensions
42
-
84
-
health
32
-
63
-
total
74
-
148
-
Corporate
548
1 100
-
-
income
104
209
-
-
total
104
209
-
-
Dividends
444
891
-
-
withholding
67
134
-
-
total
67
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
433
343
563
532
After tax
667
757
537
568
Living cost
289
289
289
289
Free-cash
378
468
248
279

Estimated living cost  is $289 per week

$199
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$203
-$511
$295
$492
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
669
-
-
-
social contributions
55
-
8
-
income
147
-
-
-
total
202
-
8
-
Employer
669
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
-
1 100
-
-
income
-
242
-
-
total
-
242
-
-
Dividends
-
858
-
-
income
-
189
-
-
total
-
189
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 145
431
142
339
After tax
-45
669
958
761
Living cost
466
466
466
466
Free-cash
-511
203
492
295

Estimated living cost  is $466 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$287
$276
$275
$218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
104
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
486
Employee
496
-
889
-
social contributions
55
-
98
-
surtax
-
-
-
-
income
103
-
234
-
total
158
-
332
-
Employer
496
-
889
-
social contributions
118
-
211
-
total
118
-
211
-
Corporate
486
1 100
-
-
surtax
-
-
-
-
income
102
231
-
-
total
102
231
-
-
Dividends
384
869
-
-
withholding
107
243
-
-
total
107
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
485
474
543
486
After tax
615
626
557
614
Living cost
338
338
338
338
Free-cash
276
287
218
275

Estimated living cost  is $338 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$34
$109
$112
$171
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
-
-
-
108
pensions
-
-
-
272
other
-
-
-
34
health
-
-
-
22
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
467
Employee
676
-
892
-
social contributions
19
-
25
-
surtax
-
-
-
-
income
59
-
132
-
pensions
76
-
43
-
total
154
-
200
-
Employer
676
-
892
-
other
23
-
31
-
social contributions
2
-
3
-
unemployment
27
-
36
-
pensions
111
-
76
-
health
47
-
62
-
total
210
-
208
-
Corporate
213
1 100
-
-
surtax
-
-
-
-
income
60
308
-
-
total
60
308
-
-
Dividends
153
792
-
-
surtax
-
-
-
-
social contributions
26
136
-
-
withholding
20
101
-
-
total
46
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
470
545
408
467
After tax
630
555
692
633
Living cost
521
521
521
521
Free-cash
109
34
171
112

Estimated living cost  is $521 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$666
$629
$514
$542
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
-
-
-
20
social contributions
-
-
-
242
total
-
-
-
262
Employee
347
-
952
-
income
-
-
24
-
social contributions
23
-
62
-
total
23
-
86
-
Employer
347
-
952
-
social contributions
54
-
148
-
total
54
-
148
-
Corporate
699
1 100
-
-
income
70
110
-
-
total
70
110
-
-
Dividends
629
990
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
147
110
234
262
After tax
953
990
866
838
Living cost
324
324
324
324
Free-cash
629
666
542
514

Estimated living cost  is $324 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1250
-$1250
$162
-$1250
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
-
-
-
205
pensions
-
-
-
9
national
-
-
-
117
labour market
-
-
-
87
total
-
-
-
418
Employee
2 193
2 193
2 193
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 193
2 193
2 193
-
labour market
175
175
175
-
municipal
468
468
468
-
pensions
6
6
6
-
national
268
268
268
-
total
917
917
917
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 830
1 830
1 830
418
After tax
-730
-730
-730
682
Living cost
520
520
520
520
Free-cash
-1 250
-1 250
-1 250
162

Estimated living cost  is $520 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$143
$54
$522
$337
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
accident
-
-
-
3
income
-
-
-
271
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
346
Employee
365
-
943
-
health
42
-
108
-
income
50
-
184
-
pensions
41
-
82
-
total
133
-
374
-
Employer
365
-
943
-
accident
6
-
16
-
unemployment
9
-
23
-
pensions
59
-
118
-
total
74
-
157
-
Corporate
660
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.

594
990
-
-
total
594
990
-
-
Dividends
66
110
-
-
withholding
13
21
-
-
total
13
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
814
1 011
531
346
After tax
286
89
569
754
Living cost
232
232
232
232
Free-cash
54
-143
337
522

Estimated living cost  is $232 per week

$169
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.
$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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$316
$294
$365
$212
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
health
-
-
-
12
national
-
-
-
113
total
-
-
-
321
Employee
568
-
925
-
health
4
-
10
-
municipal
93
-
151
-
pensions
38
-
62
-
unemployment
9
-
14
-
national
9
-
62
-
total
153
-
299
-
Employer
568
-
925
-
accident
1
-
1
-
unemployment
4
-
6
-
pensions
99
-
161
-
health
4
-
7
-
total
108
-
175
-
Corporate
425
1 100
-
-
income
85
220
-
-
total
85
220
-
-
Dividends

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

255
660
-
-
national
-
31
-
-
municipal
46
119
-
-
total
46
150
-
-
Income
1 100
1 100
1 100
1 100
Total tax
392
370
474
321
After tax
708
730
626
779
Living cost
414
414
414
414
Free-cash
294
316
212
365

Estimated living cost  is $414 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$555
$498
$527
$527
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
-
-
-
123
health
-
-
-
28
social contributions
-
-
-
172
total
-
-
-
323
Employee
830
830
999
-
social contributions
31
69
83
-
health
6
14
17
-
income
90
77
122
-
total
127
160
222
-
Employer
830
830
999
-
social contributions
31
69
83
-
health
7
15
18
-
total
38
84
101
-
Corporate
684
186
-
-
income
85
23
-
-
total
85
23
-
-
Dividends
598
163
-
-
withholding
102
28
-
-
total
102
28
-
-
Income
1 100
1 100
1 100
1 100
Total tax
352
295
323
323
After tax
748
805
777
777
Living cost
250
250
250
250
Free-cash
498
555
527
527

Estimated living cost  is $250 per week

$150
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$740
$685
$716
$506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 100
income
-
-
-
105
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
213
Employee

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

248
-
997
-
health
21
-
85
-
income
17
-
80
-
pensions
37
-
150
-
unemployment
1
-
5
-
total
76
-
320
-
Employer

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

248
-
997
-
unemployment
1
-
5
-
pensions
14
-
55
-
health
11
-
43
-
total
26
-
103
-
Corporate
827
1 100
-
-
income
74
99
-
-
total
74
99
-
-
Dividends
752
1 001
-
-
withholding
68
90
-
-
total
68
90
-
-
Income
1 100
1 100
1 100
1 100
Total tax
244
189
423
213
After tax
856
911
677
887
Living cost
171
171
171
171
Free-cash
685
740
506
716

Estimated living cost  is $171 per week

$109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$444
$388
$295
$282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
accident
-
-
-
9
income
-
-
-
208
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
508
Employee
399
-
834
-
other
-
-
1
-
income
77
-
201
-
pensions
19
-
39
-
unemployment
6
-
13
-
total
102
-
254
-
Employer
399
-
834
-
accident
8
-
17
-
other
3
-
7
-
unemployment
22
-
46
-
pensions
94
-
197
-
total
127
-
267
-
Corporate
574
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.

86
165
-
-
total
86
165
-
-
Dividends
488
935
-
-
withholding
100
194
-
-
total
100
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
415
359
521
508
After tax
685
741
579
592
Living cost
297
297
297
297
Free-cash
388
444
282
295

Estimated living cost  is $297 per week

$200
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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$656
$652
$667
$666
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
-
-
-
365
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
403
Employee
45
-
1 076
-
health
2
-
5
-
income
9
-
364
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
380
-
Employer
45
-
1 076
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 045
1 100
-
-
income
230
242
-
-
total
230
242
-
-
Dividends
815
858
-
-
withholding
163
172
-
-
total
163
172
-
-
Income
1 100
1 100
1 100
1 100
Total tax
418
414
404
403
After tax
682
686
696
697
Living cost
30
30
30
30
Free-cash
652
656
666
667

Estimated living cost  is $30 per week

$18
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$608
$557
$399
$398
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
-
-
-
214
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
515
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.

281
-
957
-
health
14
-
41
-
income
39
-
214
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
373
-
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.

281
-
957
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
768
1 100
-
-
income
115
165
-
-
total
115
165
-
-
Dividends
653
935
-
-
withholding
98
140
-
-
total
98
140
-
-
Income
1 100
1 100
1 100
1 100
Total tax
357
305
516
515
After tax
743
795
584
585
Living cost
186
186
186
186
Free-cash
557
608
398
399

Estimated living cost  is $186 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$335
$331
$323
$266
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
-
-
-
104
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
486
Employee
419
-
889
-
social contributions
46
-
98
-
surtax
-
-
-
-
income
82
-
234
-
total
128
-
332
-
Employer
419
-
889
-
social contributions
99
-
211
-
total
99
-
211
-
Corporate
582
1 100
-
-
surtax
-
-
-
-
income
122
231
-
-
total
122
231
-
-
Dividends
460
869
-
-
withholding
129
243
-
-
total
129
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
478
474
543
486
After tax
622
626
557
614
Living cost
291
291
291
291
Free-cash
331
335
266
323

Estimated living cost  is $291 per week

$206
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$362
$280
$213
$200
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
accident
-
-
-
9
income
-
-
-
208
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
508
Employee
521
-
834
-
other
1
-
1
-
income
109
-
201
-
pensions
24
-
39
-
unemployment
8
-
13
-
total
142
-
254
-
Employer
521
-
834
-
accident
10
-
17
-
other
4
-
7
-
unemployment
29
-
46
-
pensions
123
-
197
-
total
166
-
267
-
Corporate
413
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.

62
165
-
-
total
62
165
-
-
Dividends
351
935
-
-
withholding
71
194
-
-
total
71
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
441
359
521
508
After tax
659
741
579
592
Living cost
379
379
379
379
Free-cash
280
362
200
213

Estimated living cost  is $379 per week

$272
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$755
$688
$648
$683
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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
266
Employee
246
-
1 026
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
103
-
pensions

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

22
-
33
-
total
61
-
157
-
Employer
246
-
1 026
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
806
1 100
-
-
income
81
110
-
-
total
81
110
-
-
Dividends
725
990
-
-
withholding
36
49
-
-
total
36
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
226
159
231
266
After tax
874
941
869
834
Living cost
186
186
186
186
Free-cash
688
755
683
648

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$151
$292
$277
$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

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

-
-
-
1 100
trade
-
-
-
86
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.

-
-
-
233
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.

-
-
-
74
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.

-
-
-
13
total
-
-
-
406
Employee

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

537
-
1 100
-
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.

74
-
74
-
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.

2
-
13
-
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.

44
-
233
-
total
120
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
563
1 100
-
-
surtax

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

5
9
-
-
income
84
165
-
-
trade
81
158
-
-
chamber of commerce
2
3
-
-
total
172
335
-
-
Dividends
391
765
-
-
surtax

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

5
10
-
-
withholding
94
187
-
-
total
99
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
391
532
320
406
After tax
709
568
780
694
Living cost
417
417
417
417
Free-cash
292
151
363
277

Estimated living cost  is $417 per week

$287
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$155
$179
$125
$125
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
-
-
-
262
social contributions
-
-
-
98
total
-
-
-
360
Employee
844
-
1 100
-
income
159
-
262
-
social contributions
70
-
98
-
total
229
-
360
-
Employer
844
-
1 100
-
total
-
-
-
-
Corporate
256
1 100
-
-
income
32
137
-
-
total
32
137
-
-
Dividends
224
963
-
-
withholding
45
193
-
-
total
45
193
-
-
Income
1 100
1 100
1 100
1 100
Total tax
306
330
360
360
After tax
794
770
740
740
Living cost
615
615
615
615
Free-cash
179
155
125
125

Estimated living cost  is $615 per week

$468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$266
$306
$329
$415
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
-
-
-
307
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
-
-
-
379
Employee
495
-
1 050
-
income
54
-
193
-
social contributions
50
-
50
-
total
104
-
243
-
Employer
495
-
1 050
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
555
1 100
-
-
income
194
385
-
-
total
194
385
-
-
Dividends
361
715
-
-
social contributions
54
57
-
-
total
54
57
-
-
Income
1 100
1 100
1 100
1 100
Total tax
402
442
293
379
After tax
698
658
807
721
Living cost
392
392
392
392
Free-cash
306
266
415
329

Estimated living cost  is $392 per week

$258
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$404
$359
$387
$285
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
-
-
-
228
pensions
-
-
-
81
total
-
-
-
309
Employee
554
-
968
-
health
7
-
16
-
income
101
-
172
-
pensions
42
-
92
-
total
150
-
280
-
Employer
554
-
968
-
pensions
56
-
113
-
health
11
-
18
-
total
67
-
131
-
Corporate
480
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.

91
209
-
-
total
91
209
-
-
Dividends
388
891
-
-
withholding
29
83
-
-
total
29
83
-
-
Income
1 100
1 100
1 100
1 100
Total tax
337
292
411
309
After tax
763
808
689
791
Living cost
404
404
404
404
Free-cash
359
404
285
387

Estimated living cost  is $404 per week

$277
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$166
$50
$499
$314
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
accident
-
-
-
3
income
-
-
-
271
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
346
Employee
401
-
943
-
health
46
-
108
-
income
55
-
184
-
pensions
45
-
82
-
total
146
-
374
-
Employer
401
-
943
-
accident
7
-
16
-
unemployment
10
-
23
-
pensions
65
-
118
-
total
82
-
157
-
Corporate
617
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.

555
990
-
-
total
555
990
-
-
Dividends
62
110
-
-
withholding
12
21
-
-
total
12
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
795
1 011
531
346
After tax
305
89
569
754
Living cost
255
255
255
255
Free-cash
50
-166
314
499

Estimated living cost  is $255 per week

$187
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$781
$738
$485
$550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 100
work injury
-
-
-
5
health insurance
-
-
-
81
income
-
-
-
169
pensions
-
-
-
202
unemployment
-
-
-
13
total
-
-
-
470
Employee

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

233
-
1 100
-
work injury
1
-
4
-
income
23
-
169
-
pensions
43
-
158
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
405
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
867
1 100
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
11
-
-
total
-
11
-
-
Dividends
867
1 089
-
-
withholding
130
163
-
-
total
130
163
-
-
Income
1 100
1 100
1 100
1 100
Total tax
217
174
405
470
After tax
883
926
695
630
Living cost
145
145
145
145
Free-cash
738
781
550
485

Estimated living cost  is $145 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$149
$100
$123
$71
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
22
national
-
-
-
235
social contributions
-
-
-
283
total
-
-
-
547
Employee
909
-
1 100
-
social contributions
307
-
371
-
regional
14
-
19
-
municipal
5
-
7
-
national
154
-
202
-
total
480
-
599
-
Employer
909
-
1 100
-
total
-
-
-
-
Corporate
191
1 100
-
-
nationa
46
264
-
-
municipal
9
53
-
-
total
55
317
-
-
Dividends
136
783
-
-
withholding
35
204
-
-
total
35
204
-
-
Income
1 100
1 100
1 100
1 100
Total tax
570
521
599
547
After tax
530
579
501
553
Living cost
430
430
430
430
Free-cash
100
149
71
123

Estimated living cost  is $430 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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