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
$ 1150
per

Your estimated
City
free-cash

Dresden , Germany
$255
$372
$380
$482
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.

-
-
-
1 150
trade
-
-
-
102
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.

-
-
-
253
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.

-
-
-
14
total
-
-
-
443
Employee

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

413
-
1 150
-
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
-
14
-
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
-
253
-
total
87
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
737
1 150
-
-
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
111
172
-
-
trade
116
181
-
-
chamber of commerce
3
3
-
-
total
236
365
-
-
Dividends
502
784
-
-
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.

7
11
-
-
withholding
121
192
-
-
total
128
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
451
568
341
443
After tax
699
582
809
707
Living cost
327
327
327
327
Free-cash
372
255
482
380

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
$173
$162
$147
$155
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
-
-
-
1 150
municipal
-
-
-
121
pensions
-
-
-
138
national
-
-
-
187
social contributions
-
-
-
12
total
-
-
-
458
Employee
844
-
994
-
municipal
104
-
125
-
pensions
34
-
40
-
national
162
-
194
-
total
300
-
359
-
Employer
844
-
994
-
social contributions
9
-
11
-
pensions
68
-
80
-
total
77
-
91
-
Corporate
174
1 150
-
-
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%.

35
230
-
-
total
35
230
-
-
Dividends
139
920
-
-
withholding
31
202
-
-
total
31
202
-
-
Income
1 150
1 150
1 150
1 150
Total tax
443
432
450
458
After tax
707
718
700
692
Living cost
545
545
545
545
Free-cash
162
173
155
147

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
$695
$606
$388
$423
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.

-
-
-
1 150
microenterprise
-
-
-
-
income
-
-
-
167
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.

-
-
-
370
total
-
-
-
537
Employee
315
-
927
-
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
-
102
-
surtax
-
-
-
-
income
56
-
177
-
total
91
-
279
-
Employer
315
-
927
-
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
-
223
-
surtax
-
-
-
-
total
76
-
223
-
Corporate
759
1 150
-
-
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%.

152
230
-
-
total
152
230
-
-
Dividends

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

607
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
319
230
502
537
After tax
831
920
648
613
Living cost
225
225
225
225
Free-cash
606
695
423
388

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
$108
$41
$201
$126
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
-
-
-
1 150
income
-
-
-
238
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
497
Employee
922
922
979
-
health
141
120
124
-
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
401
-
Employer
922
922
979
-
unemployment
33
33
35
-
pensions
64
64
68
-
health
64
64
68
-
total
161
161
171
-
Corporate
78
67
-
-
income
16
13
-
-
total
16
13
-
-
Dividends
63
54
-
-
income
13
11
-
-
withholding
9
8
-
-
total
22
19
-
-
Income
1 150
1 150
1 150
1 150
Total tax
657
590
572
497
After tax
493
560
578
653
Living cost
452
452
452
452
Free-cash
41
108
126
201

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
$212
$202
$200
$194
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
-
-
-
1 150
municipal
-
-
-
264
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
5
total
-
-
-
534
Employee
593
-
875
-
municipal
177
-
261
-
national
-
-
3
-
total
177
-
264
-
Employer
593
-
875
-
accident
1
-
2
-
other
69
-
102
-
unemployment
16
-
23
-
pensions
64
-
95
-
health
36
-
54
-
total
186
-
276
-
Corporate
371
1 150
-
-
income
82
253
-
-
total
82
253
-
-
Dividends
290
897
-
-
withholding
87
269
-
-
total
87
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
532
522
540
534
After tax
618
628
610
616
Living cost
416
416
416
416
Free-cash
202
212
194
200

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
$153
$304
$278
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
trade
-
-
-
107
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.

-
-
-
253
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.

-
-
-
14
total
-
-
-
448
Employee

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

547
-
1 150
-
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
-
14
-
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
-
253
-
total
124
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
603
1 150
-
-
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
90
172
-
-
trade
99
189
-
-
chamber of commerce
2
3
-
-
total
196
373
-
-
Dividends
406
776
-
-
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
97
190
-
-
total
102
200
-
-
Income
1 150
1 150
1 150
1 150
Total tax
422
573
341
448
After tax
728
577
809
702
Living cost
424
424
424
424
Free-cash
304
153
385
278

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
$492
$448
$459
$454
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
-
-
-
1 150
income
-
-
-
137
health
-
-
-
29
social contributions
-
-
-
175
total
-
-
-
341
Employee
830
830
1 044
-
social contributions
40
69
87
-
health
8
14
18
-
income
87
77
135
-
total
135
160
240
-
Employer
830
830
1 044
-
social contributions
40
69
87
-
health
9
15
19
-
total
49
84
106
-
Corporate
615
236
-
-
income
77
29
-
-
total
77
29
-
-
Dividends
538
206
-
-
withholding
91
35
-
-
total
91
35
-
-
Income
1 150
1 150
1 150
1 150
Total tax
352
308
346
341
After tax
798
842
804
809
Living cost
350
350
350
350
Free-cash
448
492
454
459

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
$452
$457
$601
$472
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
-
-
-
1 150
income
-
-
-
141
pensions
-
-
-
115
unemployment
-
-
-
17
health
-
-
-
81
total
-
-
-
354
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
962
-
health
20
8
67
-
income
34
14
118
-
pensions
28
11
96
-
unemployment
4
2
14
-
total
86
35
295
-
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
962
-
pensions
55
22
188
-
total
55
22
188
-
Corporate
813
1 016
-
-
income
73
91
-
-
total
73
91
-
-
Dividends
740
924
-
-
social contributions
143
179
-
-
withholding
141
176
-
-
total
284
355
-
-
Income
1 150
1 150
1 150
1 150
Total tax
498
503
483
354
After tax
652
647
667
796
Living cost
195
195
195
195
Free-cash
457
452
472
601

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
$659
$593
$356
$401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
154
pensions
-
-
-
230
health
-
-
-
149
total
-
-
-
533
Employee
306
-
859
-
income
34
-
166
-
pensions
6
-
17
-
unemployment
5
-
14
-
total
45
-
197
-
Employer
306
-
859
-
unemployment
2
-
7
-
pensions
61
-
172
-
health
40
-
112
-
total
103
-
291
-
Corporate
740
1 150
-
-
income
148
230
-
-
total
148
230
-
-
Dividends
592
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
296
230
488
533
After tax
854
920
662
617
Living cost
261
261
261
261
Free-cash
593
659
401
356

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
-$143
$58
$552
$363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
287
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
362
Employee
371
-
991
-
health
42
-
113
-
income
51
-
197
-
pensions
42
-
82
-
total
135
-
392
-
Employer
371
-
991
-
accident
6
-
17
-
unemployment
9
-
24
-
pensions
60
-
118
-
total
75
-
159
-
Corporate
704
1 150
-
-
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.

633
1 035
-
-
total
633
1 035
-
-
Dividends
70
115
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
856
1 057
551
362
After tax
294
93
599
788
Living cost
236
236
236
236
Free-cash
58
-143
363
552

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
$994
$976
$1040
$822
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
123
-
1 150
-
income
25
-
230
-
total
25
-
230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 027
1 150
-
-
total
-
-
-
-
Dividends
1 027
1 150
-
-
withholding
51
58
-
-
total
51
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
76
58
230
12
After tax
1 074
1 092
920
1 138
Living cost
98
98
98
98
Free-cash
976
994
822
1 040

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
$557
$486
$333
$383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
147
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.

-
-
-
276
other
-
-
-
55
health
-
-
-
51
total
-
-
-
529
Employee
392
-
919
-
health
5
-
13
-
income
67
-
162
-
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
-
64
-
unemployment
4
-
9
-
total
103
-
248
-
Employer
392
-
919
-
accident
3
-
7
-
other
20
-
46
-
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
-
156
-
health
5
-
13
-
total
99
-
231
-
Corporate
659
1 150
-
-
income
138
241
-
-
total
138
241
-
-
Dividends
521
909
-
-
withholding
36
64
-
-
total
36
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
376
305
479
529
After tax
774
845
671
621
Living cost
288
288
288
288
Free-cash
486
557
383
333

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
$109
-$19
$93
-$9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
248
pensions
-
-
-
82
total
-
-
-
330
Employee
1 028
-
1 012
-
health
17
-
17
-
income
185
-
180
-
pensions
99
-
97
-
total
301
-
294
-
Employer
1 028
-
1 012
-
pensions
121
-
119
-
health
20
-
19
-
total
141
-
138
-
Corporate
-
1 150
-
-
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.

-
218
-
-
total
-
218
-
-
Dividends
-
932
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
1 150
1 150
1 150
1 150
Total tax
442
314
432
330
After tax
708
836
718
820
Living cost
727
727
727
727
Free-cash
-19
109
-9
93

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
$841
$790
$735
$772
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
-
-
-
1 150
income
-
-
-
172
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
-
-
-
273
Employee
187
-
1 076
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
108
-
pensions

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

16
-
33
-
total
46
-
162
-
Employer
187
-
1 076
-
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
926
1 150
-
-
income
93
115
-
-
total
93
115
-
-
Dividends
833
1 035
-
-
withholding
42
52
-
-
total
42
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
218
167
236
273
After tax
932
983
914
877
Living cost
142
142
142
142
Free-cash
790
841
772
735

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
-$38
-$26
$55
-$20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
238
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
497
Employee
1 001
922
979
-
health
125
120
124
-
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
401
-
Employer
1 001
922
979
-
unemployment
36
33
35
-
pensions
70
64
68
-
health
70
64
68
-
total
176
161
171
-
Corporate
-
67
-
-
income
-
13
-
-
total
-
13
-
-
Dividends
-
54
-
-
income
-
11
-
-
withholding
-
8
-
-
total
-
19
-
-
Income
1 150
1 150
1 150
1 150
Total tax
578
590
572
497
After tax
572
560
578
653
Living cost
598
598
598
598
Free-cash
-26
-38
-20
55

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
$534
$442
$302
$325
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
-
-
-
1 150
income
-
-
-
99
health
-
-
-
155
solidarity contribution
-
-
-
-
social contributions
-
-
-
336
total
-
-
-
590
Employee
379
-
858
-
social contributions
25
-
56
-
health
51
-
116
-
solidarity contribution
-
-
-
-
income
45
-
103
-
total
121
-
275
-
Employer
379
-
858
-
social contributions
95
-
215
-
health
34
-
77
-
total
129
-
292
-
Corporate
642
1 150
-
-
income
122
218
-
-
total
122
218
-
-
Dividends
520
932
-
-
withholding
78
140
-
-
total
78
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
450
358
567
590
After tax
700
792
583
560
Living cost
258
258
258
258
Free-cash
442
534
325
302

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
$158
$103
$130
$76
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
-
-
-
1 150
municipal
-
-
-
7
regional
-
-
-
13
national
-
-
-
249
social contributions
-
-
-
296
total
-
-
-
565
Employee
959
-
1 150
-
social contributions
323
-
388
-
regional
9
-
11
-
municipal
5
-
6
-
national
166
-
214
-
total
503
-
619
-
Employer
959
-
1 150
-
total
-
-
-
-
Corporate
191
1 150
-
-
nationa
46
276
-
-
municipal
7
45
-
-
total
53
321
-
-
Dividends
138
829
-
-
withholding
36
216
-
-
total
36
216
-
-
Income
1 150
1 150
1 150
1 150
Total tax
592
537
619
565
After tax
558
613
531
585
Living cost
455
455
455
455
Free-cash
103
158
76
130

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
$485
$451
$345
$324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
225
pensions
-
-
-
230
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
28
total
-
-
-
567
Employee
357
-
950
-
other
-
-
-
-
health
9
-
24
-
surtax
1
-
26
-
income
60
-
209
-
pensions
24
-
63
-
unemployment
25
-
66
-
total
119
-
388
-
Employer
357
-
950
-
other
-
-
-
-
unemployment
11
-
30
-
pensions
48
-
127
-
health
16
-
43
-
total
75
-
200
-
Corporate
718
1 150
-
-
income
187
299
-
-
total
187
299
-
-
Dividends
531
851
-
-
withholding
80
128
-
-
total
80
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
461
427
588
567
After tax
689
723
562
583
Living cost
238
238
238
238
Free-cash
451
485
324
345

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
$340
$280
$324
$222
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
-
-
-
1 150
income
-
-
-
248
pensions
-
-
-
82
total
-
-
-
330
Employee
689
-
1 012
-
health
10
-
17
-
income
124
-
180
-
pensions
58
-
97
-
total
192
-
294
-
Employer
689
-
1 012
-
pensions
75
-
119
-
health
13
-
19
-
total
88
-
138
-
Corporate
373
1 150
-
-
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.

71
218
-
-
total
71
218
-
-
Dividends
302
932
-
-
withholding
23
96
-
-
total
23
96
-
-
Income
1 150
1 150
1 150
1 150
Total tax
374
314
432
330
After tax
776
836
718
820
Living cost
496
496
496
496
Free-cash
280
340
222
324

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
-$298
$55
$133
$77
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
-
-
-
1 150
city
-
-
-
12
pensions
-
-
-
106
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.

-
-
-
23
regional
-
-
-
41
health
-
-
-
3
national
-
-
-
8
total
-
-
-
193
Employee
965
-
1 029
-
city
10
-
11
-
regional
32
-
35
-
health
2
-
2
-
pensions
81
-
86
-
unemployment
-
-
-
-
national
5
-
6
-
total
130
-
140
-
Employer
965
-
1 029
-
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
-
21
-
unemployment
-
-
-
-
pensions
81
-
86
-
health
2
-
2
-
total
102
-
109
-
Corporate
72
1 150
-
-
regional
15
243
-
-
national
6
98
-
-
total
21
341
-
-
Dividends
51
809
-
-
withholding
18
283
-
-
total
18
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
271
624
249
193
After tax
879
526
901
957
Living cost
824
824
824
824
Free-cash
55
-298
77
133

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
$77
$252
$204
$315
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.

-
-
-
1 150
trade
-
-
-
111
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.

-
-
-
253
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.

-
-
-
14
total
-
-
-
452
Employee

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

649
-
1 150
-
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
-
14
-
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
-
253
-
total
154
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
501
1 150
-
-
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
75
172
-
-
trade
86
197
-
-
chamber of commerce
2
3
-
-
total
167
381
-
-
Dividends
334
768
-
-
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
79
188
-
-
total
83
198
-
-
Income
1 150
1 150
1 150
1 150
Total tax
404
579
341
452
After tax
746
571
809
698
Living cost
494
494
494
494
Free-cash
252
77
315
204

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
$211
$276
$290
$345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
120
pensions
-
-
-
277
other
-
-
-
36
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
491
Employee
462
-
930
-
social contributions
13
-
27
-
surtax
-
-
-
-
income
27
-
142
-
pensions
52
-
47
-
total
92
-
216
-
Employer
462
-
930
-
other
16
-
32
-
social contributions
1
-
3
-
unemployment
19
-
38
-
pensions
76
-
82
-
health
32
-
65
-
total
144
-
220
-
Corporate
544
1 150
-
-
surtax
-
-
-
-
income
152
322
-
-
total
152
322
-
-
Dividends
392
828
-
-
surtax
-
-
-
-
social contributions
67
142
-
-
withholding
50
106
-
-
total
117
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
505
570
436
491
After tax
645
580
714
659
Living cost
369
369
369
369
Free-cash
276
211
345
290

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
$247
$306
$326
$381
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
-
-
-
1 150
income
-
-
-
120
pensions
-
-
-
277
other
-
-
-
36
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
491
Employee
412
-
930
-
social contributions
12
-
27
-
surtax
-
-
-
-
income
21
-
142
-
pensions
47
-
47
-
total
80
-
216
-
Employer
412
-
930
-
other
14
-
32
-
social contributions
1
-
3
-
unemployment
17
-
38
-
pensions
68
-
82
-
health
29
-
65
-
total
129
-
220
-
Corporate
609
1 150
-
-
surtax
-
-
-
-
income
171
322
-
-
total
171
322
-
-
Dividends
438
828
-
-
surtax
-
-
-
-
social contributions
75
142
-
-
withholding
56
106
-
-
total
131
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
570
436
491
After tax
639
580
714
659
Living cost
333
333
333
333
Free-cash
306
247
381
326

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
$472
$478
$510
$508
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
-
-
-
1 150
income
-
-
-
172
health
-
-
-
80
social contributions
-
-
-
159
total
-
-
-
411
Employee
366
-
1 150
-
social contributions
50
-
159
-
health
26
-
80
-
income
61
-
174
-
total
137
-
413
-
Employer
366
-
1 150
-
total
-
-
-
-
Corporate
784
1 150
-
-
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%.

39
58
-
-
total
39
58
-
-
Dividends
745
1 092
-
-
health
52
76
-
-
social contributions
103
151
-
-
withholding
112
164
-
-
total
267
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
443
449
413
411
After tax
707
701
737
739
Living cost
229
229
229
229
Free-cash
478
472
508
510

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
$262
$248
$196
-$42
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
chamber of commerce
-
-
-
5
income
-
-
-
200
pensions
-
-
-
213
unemployment
-
-
-
66
health
-
-
-
88
surtax
-
-
-
2
total
-
-
-
574
Employee
539
430
891
-
other
5
4
9
-
health
21
17
34
-
income
61
32
178
-
pensions
55
44
91
-
unemployment
16
13
27
-
total
158
110
339
-
Employer
539
430
891
-
accident
7
6
12
-
other
26
20
42
-
chamber of commerce
2
2
4
-
unemployment
16
13
27
-
surtax
2
2
2
-
pensions
68
54
112
-
payroll
16
13
27
-
health
20
16
34
-
total
157
126
260
-
Corporate
453
594
850
-
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.

113
149
213
-
total
113
149
213
-
Dividends
340
446
-
-
withholding
94
123
-
-
total
94
123
-
-
Income
1 150
1 150
1 150
1 150
Total tax
522
508
812
574
After tax
628
642
338
576
Living cost
380
380
380
380
Free-cash
248
262
-42
196

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
$251
$90
$139
$50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
national
-
-
-
377
communal

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

-
-
-
58
social contributions
-
-
-
183
total
-
-
-
618
Employee

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

772
-
891
-
communal

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

40
-
46
-
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
-
42
-
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
-
67
-
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
-
8
-
national
237
-
284
-
total
378
-
447
-
Employer

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

772
-
891
-
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
-
12
-
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
-
13
-
surtax
88
-
101
-
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
-
79
-
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
-
55
-
total
224
-
260
-
Corporate
153
1 150
-
-
surtax
1
5
-
-
income
31
230
-
-
total
32
235
-
-
Dividends
122
915
-
-
withholding

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

33
271
-
-
total
33
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
667
506
707
618
After tax
483
644
443
532
Living cost
393
393
393
393
Free-cash
90
251
50
139

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
$385
$299
$234
$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
-
-
-
1 150
accident
-
-
-
9
income
-
-
-
226
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
526
Employee
537
-
872
-
other
1
-
1
-
income
113
-
214
-
pensions
25
-
41
-
unemployment
8
-
14
-
total
147
-
270
-
Employer
537
-
872
-
accident
11
-
17
-
other
4
-
7
-
unemployment
30
-
48
-
pensions
127
-
206
-
total
172
-
278
-
Corporate
442
1 150
-
-
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.

66
172
-
-
total
66
172
-
-
Dividends
375
978
-
-
withholding
76
203
-
-
total
76
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
461
375
548
526
After tax
689
775
602
624
Living cost
390
390
390
390
Free-cash
299
385
212
234

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
$116
$40
$62
$113
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
-
-
-
1 150
accident
-
-
-
10
income
-
-
-
109
pensions
-
-
-
172
health
-
-
-
81
surtax
-
-
-
57
communal
-
-
-
73
total
-
-
-
502
Employee
817
-
1 027
-
health
36
-
46
-
surtax
50
-
63
-
income
79
-
138
-
pensions
65
-
82
-
total
230
-
329
-
Employer
817
-
1 027
-
accident
7
-
9
-
pensions
65
-
82
-
health
25
-
31
-
total
97
-
122
-
Corporate
235
1 150
-
-
surtax
2
12
-
-
communal
-
78
-
-
income
35
172
-
-
total
37
262
-
-
Dividends
197
888
-
-
income
130
53
-
-
withholding
30
133
-
-
total
160
186
-
-
Income
1 150
1 150
1 150
1 150
Total tax
524
448
451
502
After tax
626
702
699
648
Living cost
586
586
586
586
Free-cash
40
116
113
62

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
$481
$447
$341
$320
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
-
-
-
1 150
income
-
-
-
225
pensions
-
-
-
230
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
28
total
-
-
-
567
Employee
363
-
950
-
other
-
-
-
-
health
9
-
24
-
surtax
1
-
26
-
income
61
-
209
-
pensions
24
-
63
-
unemployment
25
-
66
-
total
120
-
388
-
Employer
363
-
950
-
other
-
-
-
-
unemployment
12
-
30
-
pensions
48
-
127
-
health
17
-
43
-
total
77
-
200
-
Corporate
710
1 150
-
-
income
185
299
-
-
total
185
299
-
-
Dividends
525
851
-
-
withholding
79
128
-
-
total
79
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
461
427
588
567
After tax
689
723
562
583
Living cost
242
242
242
242
Free-cash
447
481
320
341

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
$314
$290
$290
$236
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
-
-
-
1 150
municipal
-
-
-
7
regional
-
-
-
17
national
-
-
-
249
social contributions
-
-
-
296
total
-
-
-
569
Employee
599
-
1 150
-
social contributions
202
-
388
-
regional
8
-
15
-
municipal
3
-
6
-
national
95
-
214
-
total
308
-
623
-
Employer
599
-
1 150
-
total
-
-
-
-
Corporate
551
1 150
-
-
nationa
132
276
-
-
municipal
27
57
-
-
total
159
333
-
-
Dividends
392
817
-
-
withholding
102
212
-
-
total
102
212
-
-
Income
1 150
1 150
1 150
1 150
Total tax
569
545
623
569
After tax
581
605
527
581
Living cost
291
291
291
291
Free-cash
290
314
236
290

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
$474
$360
$242
$265
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
-
-
-
1 150
income
-
-
-
99
health
-
-
-
155
solidarity contribution
-
-
-
-
social contributions
-
-
-
336
total
-
-
-
590
Employee
467
-
858
-
social contributions
30
-
56
-
health
63
-
116
-
solidarity contribution
-
-
-
-
income
56
-
103
-
total
149
-
275
-
Employer
467
-
858
-
social contributions
117
-
215
-
health
42
-
77
-
total
159
-
292
-
Corporate
524
1 150
-
-
income
100
218
-
-
total
100
218
-
-
Dividends
424
932
-
-
withholding
64
140
-
-
total
64
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
472
358
567
590
After tax
678
792
583
560
Living cost
318
318
318
318
Free-cash
360
474
265
242

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
$300
$296
$234
-$5
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
-
-
-
1 150
chamber of commerce
-
-
-
5
income
-
-
-
200
pensions
-
-
-
213
unemployment
-
-
-
66
health
-
-
-
88
surtax
-
-
-
-
total
-
-
-
572
Employee
472
430
893
-
other
5
4
9
-
health
18
17
35
-
income
42
32
178
-
pensions
48
44
91
-
unemployment
14
13
27
-
total
127
110
340
-
Employer
472
430
893
-
accident
6
6
12
-
other
22
20
42
-
chamber of commerce
2
2
4
-
unemployment
14
13
27
-
surtax
-
-
-
-
pensions
59
54
112
-
payroll
14
13
27
-
health
18
16
34
-
total
135
124
258
-
Corporate
543
596
852
-
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.

136
149
213
-
total
136
149
213
-
Dividends
407
447
-
-
withholding
112
123
-
-
total
112
123
-
-
Income
1 150
1 150
1 150
1 150
Total tax
510
506
811
572
After tax
640
644
339
578
Living cost
344
344
344
344
Free-cash
296
300
-5
234

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
$939
$911
$985
$767
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
192
-
1 150
-
income
38
-
230
-
total
38
-
230
-
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%.

958
1 150
-
-
total
-
-
-
-
Dividends
958
1 150
-
-
withholding
48
58
-
-
total
48
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
86
58
230
12
After tax
1 064
1 092
920
1 138
Living cost
153
153
153
153
Free-cash
911
939
767
985

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
$503
$412
$303
$271
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.

-
-
-
1 150
income
-
-
-
233
pensions
-
-
-
210
unemployment
-
-
-
2
health
-
-
-
113
total
-
-
-
558
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
-
995
-
health
31
-
64
-
income
82
-
216
-
pensions
74
-
154
-
unemployment
1
-
1
-
total
188
-
435
-
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
-
995
-
unemployment
-
-
1
-
pensions
42
-
88
-
health
32
-
66
-
total
74
-
155
-
Corporate
598
1 150
-
-
income
114
218
-
-
total
114
218
-
-
Dividends
485
932
-
-
withholding
73
140
-
-
total
73
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
449
358
590
558
After tax
701
792
560
592
Living cost
289
289
289
289
Free-cash
412
503
271
303

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
$234
-$461
$329
$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
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
669
-
-
-
social contributions
55
-
8
-
income
147
-
-
-
total
202
-
8
-
Employer
669
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 145
450
142
355
After tax
5
700
1 008
795
Living cost
466
466
466
466
Free-cash
-461
234
542
329

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
$316
$303
$300
$238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
income
-
-
-
111
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
511
Employee
496
-
929
-
social contributions
55
-
102
-
surtax
-
-
-
-
income
103
-
250
-
total
158
-
352
-
Employer
496
-
929
-
social contributions
118
-
221
-
total
118
-
221
-
Corporate
536
1 150
-
-
surtax
-
-
-
-
income
113
241
-
-
total
113
241
-
-
Dividends
423
909
-
-
withholding
119
254
-
-
total
119
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
508
495
573
511
After tax
642
655
577
639
Living cost
338
338
338
338
Free-cash
303
316
238
300

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
$59
$134
$138
$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
-
-
-
1 150
income
-
-
-
120
pensions
-
-
-
277
other
-
-
-
36
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
491
Employee
676
-
930
-
social contributions
19
-
27
-
surtax
-
-
-
-
income
59
-
142
-
pensions
76
-
47
-
total
154
-
216
-
Employer
676
-
930
-
other
23
-
32
-
social contributions
2
-
3
-
unemployment
27
-
38
-
pensions
111
-
82
-
health
47
-
65
-
total
210
-
220
-
Corporate
263
1 150
-
-
surtax
-
-
-
-
income
74
322
-
-
total
74
322
-
-
Dividends
189
828
-
-
surtax
-
-
-
-
social contributions
33
142
-
-
withholding
24
106
-
-
total
57
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
495
570
436
491
After tax
655
580
714
659
Living cost
521
521
521
521
Free-cash
134
59
193
138

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
$711
$674
$549
$579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
24
social contributions
-
-
-
253
total
-
-
-
277
Employee
347
-
996
-
income
-
-
28
-
social contributions
23
-
65
-
total
23
-
93
-
Employer
347
-
996
-
social contributions
54
-
154
-
total
54
-
154
-
Corporate
749
1 150
-
-
income
75
115
-
-
total
75
115
-
-
Dividends
674
1 035
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
152
115
247
277
After tax
998
1 035
903
873
Living cost
324
324
324
324
Free-cash
674
711
579
549

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
-$1200
-$1200
$190
-$1200
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
-
-
-
1 150
municipal
-
-
-
217
pensions
-
-
-
9
national
-
-
-
123
labour market
-
-
-
91
total
-
-
-
440
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
1 150
1 150
1 150
1 150
Total tax
1 830
1 830
1 830
440
After tax
-680
-680
-680
710
Living cost
520
520
520
520
Free-cash
-1 200
-1 200
-1 200
190

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
-$139
$59
$556
$367
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
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
287
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
362
Employee
365
-
991
-
health
42
-
113
-
income
50
-
197
-
pensions
41
-
82
-
total
133
-
392
-
Employer
365
-
991
-
accident
6
-
17
-
unemployment
9
-
24
-
pensions
59
-
118
-
total
74
-
159
-
Corporate
710
1 150
-
-
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.

639
1 035
-
-
total
639
1 035
-
-
Dividends
71
115
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
859
1 057
551
362
After tax
291
93
599
788
Living cost
232
232
232
232
Free-cash
59
-139
367
556

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
$345
$329
$395
$237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
municipal
-
-
-
205
health
-
-
-
13
national
-
-
-
123
total
-
-
-
341
Employee
568
-
967
-
health
4
-
10
-
municipal
93
-
158
-
pensions
38
-
65
-
unemployment
9
-
15
-
national
9
-
69
-
total
153
-
317
-
Employer
568
-
967
-
accident
1
-
1
-
unemployment
4
-
6
-
pensions
99
-
168
-
health
4
-
7
-
total
108
-
182
-
Corporate
475
1 150
-
-
income
95
230
-
-
total
95
230
-
-
Dividends

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

285
690
-
-
national
-
37
-
-
municipal
51
124
-
-
total
51
161
-
-
Income
1 150
1 150
1 150
1 150
Total tax
407
391
499
341
After tax
743
759
651
809
Living cost
414
414
414
414
Free-cash
329
345
237
395

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
$592
$534
$559
$554
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
-
-
-
1 150
income
-
-
-
137
health
-
-
-
29
social contributions
-
-
-
175
total
-
-
-
341
Employee
830
830
1 044
-
social contributions
31
69
87
-
health
6
14
18
-
income
90
77
135
-
total
127
160
240
-
Employer
830
830
1 044
-
social contributions
31
69
87
-
health
7
15
19
-
total
38
84
106
-
Corporate
734
236
-
-
income
92
29
-
-
total
92
29
-
-
Dividends
642
206
-
-
withholding
109
35
-
-
total
109
35
-
-
Income
1 150
1 150
1 150
1 150
Total tax
366
308
346
341
After tax
784
842
804
809
Living cost
250
250
250
250
Free-cash
534
592
554
559

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
$781
$726
$760
$544
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
-
-
-
1 150
income
-
-
-
111
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
219
Employee

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

248
-
1 045
-
health
21
-
87
-
income
17
-
84
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
330
-
Employer

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

248
-
1 045
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
877
1 150
-
-
income
79
104
-
-
total
79
104
-
-
Dividends
798
1 046
-
-
withholding
72
94
-
-
total
72
94
-
-
Income
1 150
1 150
1 150
1 150
Total tax
253
198
435
219
After tax
897
952
715
931
Living cost
171
171
171
171
Free-cash
726
781
544
760

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
$478
$421
$327
$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
-
-
-
1 150
accident
-
-
-
9
income
-
-
-
226
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
526
Employee
399
-
872
-
other
-
-
1
-
income
77
-
214
-
pensions
19
-
41
-
unemployment
6
-
14
-
total
102
-
270
-
Employer
399
-
872
-
accident
8
-
17
-
other
3
-
7
-
unemployment
22
-
48
-
pensions
94
-
206
-
total
127
-
278
-
Corporate
624
1 150
-
-
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.

94
172
-
-
total
94
172
-
-
Dividends
530
978
-
-
withholding
109
203
-
-
total
109
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
432
375
548
526
After tax
718
775
602
624
Living cost
297
297
297
297
Free-cash
421
478
305
327

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
$688
$683
$699
$698
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
-
-
-
1 150
income
-
-
-
383
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
421
Employee
45
-
1 126
-
health
2
-
5
-
income
9
-
382
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
398
-
Employer
45
-
1 126
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 095
1 150
-
-
income
241
253
-
-
total
241
253
-
-
Dividends
854
897
-
-
withholding
171
179
-
-
total
171
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
437
432
422
421
After tax
713
718
728
729
Living cost
30
30
30
30
Free-cash
683
688
698
699

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
$644
$593
$431
$430
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.

-
-
-
1 150
income
-
-
-
232
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
533
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
-
1 007
-
health
14
-
41
-
income
39
-
232
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
391
-
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
-
1 007
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
818
1 150
-
-
income
123
173
-
-
total
123
173
-
-
Dividends
696
977
-
-
withholding
104
147
-
-
total
104
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
371
320
534
533
After tax
779
830
616
617
Living cost
186
186
186
186
Free-cash
593
644
430
431

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
$364
$359
$348
$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

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.

-
-
-
1 150
income
-
-
-
111
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
511
Employee
419
-
929
-
social contributions
46
-
102
-
surtax
-
-
-
-
income
82
-
250
-
total
128
-
352
-
Employer
419
-
929
-
social contributions
99
-
221
-
total
99
-
221
-
Corporate
632
1 150
-
-
surtax
-
-
-
-
income
133
241
-
-
total
133
241
-
-
Dividends
499
909
-
-
withholding
140
254
-
-
total
140
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
500
495
573
511
After tax
650
655
577
639
Living cost
291
291
291
291
Free-cash
359
364
286
348

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
$396
$314
$245
$223
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
-
-
-
1 150
accident
-
-
-
9
income
-
-
-
226
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
526
Employee
521
-
872
-
other
1
-
1
-
income
109
-
214
-
pensions
24
-
41
-
unemployment
8
-
14
-
total
142
-
270
-
Employer
521
-
872
-
accident
10
-
17
-
other
4
-
7
-
unemployment
29
-
48
-
pensions
123
-
206
-
total
166
-
278
-
Corporate
463
1 150
-
-
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.

69
172
-
-
total
69
172
-
-
Dividends
393
978
-
-
withholding
80
203
-
-
total
80
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
457
375
548
526
After tax
693
775
602
624
Living cost
379
379
379
379
Free-cash
314
396
223
245

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
$797
$730
$691
$728
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
-
-
-
1 150
income
-
-
-
172
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
-
-
-
273
Employee
246
-
1 076
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
108
-
pensions

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

22
-
33
-
total
61
-
162
-
Employer
246
-
1 076
-
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
856
1 150
-
-
income
86
115
-
-
total
86
115
-
-
Dividends
770
1 035
-
-
withholding
39
52
-
-
total
39
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
234
167
236
273
After tax
916
983
914
877
Living cost
186
186
186
186
Free-cash
730
797
728
691

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
$177
$317
$299
$392
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.

-
-
-
1 150
trade
-
-
-
93
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.

-
-
-
253
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.

-
-
-
14
total
-
-
-
434
Employee

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

537
-
1 150
-
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
-
14
-
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
-
253
-
total
120
-
341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
613
1 150
-
-
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
92
172
-
-
trade
88
165
-
-
chamber of commerce
3
3
-
-
total
188
349
-
-
Dividends
426
800
-
-
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
11
-
-
withholding
102
196
-
-
total
108
207
-
-
Income
1 150
1 150
1 150
1 150
Total tax
416
556
341
434
After tax
734
594
809
716
Living cost
417
417
417
417
Free-cash
317
177
392
299

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
$190
$214
$149
$149
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
-
-
-
1 150
income
-
-
-
282
social contributions
-
-
-
104
total
-
-
-
386
Employee
844
-
1 150
-
income
159
-
282
-
social contributions
70
-
104
-
total
229
-
386
-
Employer
844
-
1 150
-
total
-
-
-
-
Corporate
306
1 150
-
-
income
38
144
-
-
total
38
144
-
-
Dividends
268
1 006
-
-
withholding
54
201
-
-
total
54
201
-
-
Income
1 150
1 150
1 150
1 150
Total tax
321
345
386
386
After tax
829
805
764
764
Living cost
615
615
615
615
Free-cash
214
190
149
149

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
$299
$335
$379
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 150
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
-
1 100
-
income
54
-
205
-
social contributions
50
-
50
-
total
104
-
255
-
Employer
495
-
1 100
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
605
1 150
-
-
income
212
402
-
-
total
212
402
-
-
Dividends
393
748
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 150
1 150
1 150
1 150
Total tax
423
459
305
379
After tax
727
691
845
771
Living cost
392
392
392
392
Free-cash
335
299
453
379

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
$432
$396
$416
$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
-
-
-
1 150
income
-
-
-
248
pensions
-
-
-
82
total
-
-
-
330
Employee
554
-
1 012
-
health
7
-
17
-
income
101
-
180
-
pensions
42
-
97
-
total
150
-
294
-
Employer
554
-
1 012
-
pensions
56
-
119
-
health
11
-
19
-
total
67
-
138
-
Corporate
530
1 150
-
-
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.

101
218
-
-
total
101
218
-
-
Dividends
429
932
-
-
withholding
32
96
-
-
total
32
96
-
-
Income
1 150
1 150
1 150
1 150
Total tax
350
314
432
330
After tax
800
836
718
820
Living cost
404
404
404
404
Free-cash
396
432
314
416

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
-$162
$54
$533
$344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
287
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
362
Employee
401
-
991
-
health
46
-
113
-
income
55
-
197
-
pensions
45
-
82
-
total
146
-
392
-
Employer
401
-
991
-
accident
7
-
17
-
unemployment
10
-
24
-
pensions
65
-
118
-
total
82
-
159
-
Corporate
667
1 150
-
-
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.

600
1 035
-
-
total
600
1 035
-
-
Dividends
67
115
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
841
1 057
551
362
After tax
309
93
599
788
Living cost
255
255
255
255
Free-cash
54
-162
344
533

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
$823
$780
$510
$591
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.

-
-
-
1 150
work injury
-
-
-
6
health insurance
-
-
-
85
income
-
-
-
178
pensions
-
-
-
212
unemployment
-
-
-
14
total
-
-
-
495
Employee

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

233
-
1 150
-
work injury
1
-
4
-
income
23
-
178
-
pensions
43
-
158
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
917
1 150
-
-
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
917
1 139
-
-
withholding
138
171
-
-
total
138
171
-
-
Income
1 150
1 150
1 150
1 150
Total tax
225
182
414
495
After tax
925
968
736
655
Living cost
145
145
145
145
Free-cash
780
823
591
510

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
$176
$125
$143
$91
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
municipal
-
-
-
8
regional
-
-
-
24
national
-
-
-
249
social contributions
-
-
-
296
total
-
-
-
577
Employee
909
-
1 150
-
social contributions
307
-
388
-
regional
14
-
20
-
municipal
5
-
7
-
national
154
-
214
-
total
480
-
629
-
Employer
909
-
1 150
-
total
-
-
-
-
Corporate
241
1 150
-
-
nationa
58
276
-
-
municipal
12
55
-
-
total
70
331
-
-
Dividends
171
819
-
-
withholding
45
213
-
-
total
45
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
595
544
629
577
After tax
555
606
521
573
Living cost
430
430
430
430
Free-cash
125
176
91
143

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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