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

Valencia , Spain
$400
$292
$301
$459
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
unemployment
-
-
-
7
income
-
-
-
213
other
-
-
-
1
accident
-
-
-
10
pensions
-
-
-
302
total
-
-
-
533
Employee
425
-
872
-
unemployment
7
-
14
-
pensions
20
-
41
-
income
82
-
208
-
other
-
-
1
-
total
109
-
264
-
Employer
425
-
872
-
pensions
100
-
206
-
accident
8
-
17
-
unemployment
23
-
48
-
other
3
-
7
-
total
134
-
278
-
Corporate
589
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.

88
172
-
-
total
88
172
-
-
Dividends
501
978
-
-
withholding
103
203
-
-
total
103
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
434
375
542
533
After tax
716
775
608
617
Living cost
316
316
316
316
Free-cash
400
459
292
301

Estimated living cost  is $316 per week

$213
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.
$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
Bratislava , Slovakia
$461
$368
$316
$539
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
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
income
-
-
-
146
other
-
-
-
55
health
-
-
-
51
total
-
-
-
528
Employee
418
-
919
-
health
6
-
13
-
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.

29
-
64
-
income
72
-
159
-
total
111
-
245
-
Employer
418
-
919
-
health
6
-
13
-
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.

71
-
156
-
accident
3
-
7
-
unemployment
4
-
9
-
other
21
-
46
-
total
105
-
231
-
Corporate
627
1 150
-
-
income
132
241
-
-
total
132
241
-
-
Dividends
496
909
-
-
withholding
35
64
-
-
total
35
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
383
305
476
528
After tax
767
845
674
622
Living cost
306
306
306
306
Free-cash
461
539
368
316

Estimated living cost  is $306 per week

$216
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$779
$756
$718
$832
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
pensions

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

-
-
-
60
unemployment
-
-
-
2
income
-
-
-
173
health
-
-
-
46
total
-
-
-
281
Employee
200
-
1 071
-
health
9
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
35
-
income
20
-
107
-
total
49
-
165
-
Employer
200
-
1 071
-
health
14
-
28
-
pensions

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

22
-
44
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
39
-
78
-
Corporate
911
1 150
-
-
income
91
115
-
-
total
91
115
-
-
Dividends
820
1 035
-
-
withholding
41
52
-
-
total
41
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
220
167
243
281
After tax
930
983
907
869
Living cost
151
151
151
151
Free-cash
779
832
756
718

Estimated living cost  is $151 per week

$88
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
Nice , France
$256
$257
$268
$187
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
-
-
-
110
other
-
-
-
36
health
-
-
-
21
social contributions
-
-
-
33
pensions
-
-
-
289
surtax
-
-
-
-
total
-
-
-
489
Employee
492
-
876
-
pensions
56
-
99
-
income
29
-
103
-
social contributions
14
-
25
-
surtax
-
-
-
-
total
99
-
227
-
Employer
492
-
876
-
health
34
-
61
-
social contributions
1
-
3
-
pensions
81
-
144
-
unemployment
20
-
35
-
other
17
-
30
-
total
153
-
273
-
Corporate
504
1 150
-
-
income
141
322
-
-
surtax
-
-
-
-
total
141
322
-
-
Dividends
363
828
-
-
social contributions
62
142
-
-
surtax
-
-
-
-
withholding
46
106
-
-
total
108
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
501
570
500
489
After tax
649
580
650
661
Living cost
393
393
393
393
Free-cash
256
187
257
268

Estimated living cost  is $393 per week

$248
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$4
$8
$170
$73
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
pensions
-
-
-
135
income
-
-
-
225
health
-
-
-
138
total
-
-
-
498
Employee
982
982
982
-
health
151
128
151
-
pensions
177
135
177
-
income

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

161
161
161
-
total
489
424
489
-
Employer
982
982
982
-
health
68
68
68
-
pensions
68
68
68
-
unemployment
35
35
35
-
total
171
171
171
-
Corporate
8
-
-
-
income
2
-
-
-
total
2
-
-
-
Dividends
7
-
-
-
income
1
-
-
-
withholding
1
-
-
-
total
2
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
664
595
660
498
After tax
486
555
490
652
Living cost
482
482
482
482
Free-cash
4
73
8
170

Estimated living cost  is $482 per week

$341
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.
$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.
$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
Dresden , Germany
$360
$470
$373
$234
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
-
-
-
97
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.

-
-
-
240
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.

-
-
-
79
surtax

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

-
-
-
13
total
-
-
-
429
Employee

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

440
-
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.

79
-
79
-
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
-
240
-
surtax

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

1
-
13
-
total
92
-
332
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
710
1 150
-
-
income
107
172
-
-
trade
112
181
-
-
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
-
-
chamber of commerce
3
3
-
-
total
228
365
-
-
Dividends
483
783
-
-
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
116
192
-
-
total
122
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
442
568
332
429
After tax
708
582
818
721
Living cost
348
348
348
348
Free-cash
360
234
470
373

Estimated living cost  is $348 per week

$219
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.
$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 Source

Additional information

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

Larnaca , Cyprus
$515
$548
$551
$577
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
-
-
-
125
health
-
-
-
29
social contributions
-
-
-
179
total
-
-
-
333
Employee
884
884
1 044
-
health
7
15
18
-
income
96
82
125
-
social contributions
33
73
87
-
total
136
170
230
-
Employer
884
884
1 044
-
health
7
16
19
-
social contributions
33
73
87
-
total
40
89
106
-
Corporate
706
176
-
-
income
88
22
-
-
total
88
22
-
-
Dividends
618
154
-
-
withholding
105
26
-
-
total
105
26
-
-
Income
1 150
1 150
1 150
1 150
Total tax
369
307
336
333
After tax
781
843
814
817
Living cost
266
266
266
266
Free-cash
515
577
548
551

Estimated living cost  is $266 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$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
Lisbon , Portugal
$281
$224
$282
$294
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
-
-
-
107
social contributions

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

-
-
-
400
surtax
-
-
-
-
total
-
-
-
507
Employee
529
-
929
-
income
110
-
242
-
social contributions
58
-
102
-
surtax
-
-
-
-
total
168
-
344
-
Employer
529
-
929
-
social contributions
126
-
221
-
total
126
-
221
-
Corporate
496
1 150
-
-
income
104
241
-
-
surtax
-
-
-
-
total
104
241
-
-
Dividends
391
909
-
-
withholding
110
254
-
-
total
110
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
508
495
565
507
After tax
642
655
585
643
Living cost
361
361
361
361
Free-cash
281
294
224
282

Estimated living cost  is $361 per week

$270
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$989
$833
$1052
$1005
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.

-
-
-
11
total
-
-
-
11
Employee
109
-
1 150
-
income
22
-
230
-
total
22
-
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%.

1 041
1 150
-
-
total
-
-
-
-
Dividends
1 041
1 150
-
-
withholding
52
58
-
-
total
52
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
74
58
230
11
After tax
1 076
1 092
920
1 139
Living cost
87
87
87
87
Free-cash
989
1 005
833
1 052

Estimated living cost  is $87 per week

$54
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$24
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
$387
$255
$287
$484
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
pensions
-
-
-
210
unemployment
-
-
-
2
income
-
-
-
230
health
-
-
-
113
total
-
-
-
555
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.

508
-
995
-
health
33
-
64
-
unemployment
1
-
1
-
pensions
79
-
154
-
income
88
-
213
-
total
201
-
432
-
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.

508
-
995
-
health
34
-
66
-
pensions
45
-
88
-
unemployment
-
-
1
-
total
79
-
155
-
Corporate
562
1 150
-
-
income
107
218
-
-
total
107
218
-
-
Dividends
455
932
-
-
withholding
68
140
-
-
total
68
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
455
358
587
555
After tax
695
792
563
595
Living cost
308
308
308
308
Free-cash
387
484
255
287

Estimated living cost  is $308 per week

$212
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$315
$427
$334
$269
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
-
-
-
327
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
-
-
-
399
Employee
527
-
1 097
-
social contributions
53
-
53
-
income
57
-
200
-
total
110
-
253
-
Employer
527
-
1 097
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
570
1 150
-
-
income
199
403
-
-
total
199
403
-
-
Dividends
370
747
-
-
social contributions
56
61
-
-
total
56
61
-
-
Income
1 150
1 150
1 150
1 150
Total tax
418
464
306
399
After tax
732
686
844
751
Living cost
417
417
417
417
Free-cash
315
269
427
334

Estimated living cost  is $417 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$464
$497
$495
$458
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
390
-
1 150
-
health
27
-
80
-
income
65
-
170
-
social contributions
54
-
159
-
total
146
-
409
-
Employer
390
-
1 150
-
total
-
-
-
-
Corporate
760
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%.

38
57
-
-
total
38
57
-
-
Dividends
722
1 093
-
-
social contributions
100
151
-
-
withholding
108
164
-
-
health
50
76
-
-
total
258
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
442
448
409
411
After tax
708
702
741
739
Living cost
244
244
244
244
Free-cash
464
458
497
495

Estimated living cost  is $244 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Prague , Czech Republic
$354
$261
$238
$469
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
social contributions
-
-
-
336
solidarity contribution
-
-
-
-
total
-
-
-
590
Employee
474
-
858
-
health
64
-
116
-
solidarity contribution
-
-
-
-
income
57
-
103
-
social contributions
31
-
56
-
total
152
-
275
-
Employer
474
-
858
-
health
43
-
77
-
social contributions
118
-
215
-
total
161
-
292
-
Corporate
515
1 150
-
-
income
98
219
-
-
total
98
219
-
-
Dividends
417
931
-
-
withholding
63
140
-
-
total
63
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
474
359
567
590
After tax
676
791
583
560
Living cost
322
322
322
322
Free-cash
354
469
261
238

Estimated living cost  is $322 per week

$240
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$931
$784
$1003
$956
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.

-
-
-
11
total
-
-
-
11
Employee
170
-
1 150
-
income
34
-
230
-
total
34
-
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%.

980
1 150
-
-
total
-
-
-
-
Dividends
980
1 150
-
-
withholding
49
58
-
-
total
49
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
83
58
230
11
After tax
1 067
1 092
920
1 139
Living cost
136
136
136
136
Free-cash
931
956
784
1 003

Estimated living cost  is $136 per week

$92
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.
$34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
$105
$95
$106
$25
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
-
-
-
110
other
-
-
-
36
health
-
-
-
21
social contributions
-
-
-
33
pensions
-
-
-
289
surtax
-
-
-
-
total
-
-
-
489
Employee
720
-
876
-
pensions
81
-
99
-
income
63
-
103
-
social contributions
21
-
25
-
surtax
-
-
-
-
total
165
-
227
-
Employer
720
-
876
-
health
50
-
61
-
social contributions
2
-
3
-
pensions
118
-
144
-
unemployment
29
-
35
-
other
25
-
30
-
total
224
-
273
-
Corporate
205
1 150
-
-
income
57
322
-
-
surtax
-
-
-
-
total
57
322
-
-
Dividends
148
828
-
-
social contributions
25
142
-
-
surtax
-
-
-
-
withholding
19
106
-
-
total
44
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
490
570
500
489
After tax
660
580
650
661
Living cost
555
555
555
555
Free-cash
105
25
95
106

Estimated living cost  is $555 per week

$376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$577
$410
$411
$633
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
pensions
-
-
-
220
unemployment
-
-
-
13
income
-
-
-
221
health
-
-
-
87
total
-
-
-
541
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.

299
-
998
-
health
15
-
44
-
unemployment
2
-
6
-
pensions
42
-
119
-
income
41
-
221
-
total
100
-
390
-
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.

299
-
998
-
health
15
-
44
-
pensions
36
-
102
-
unemployment
2
-
6
-
total
53
-
152
-
Corporate
798
1 150
-
-
income
120
172
-
-
total
120
172
-
-
Dividends
678
978
-
-
withholding
102
147
-
-
total
102
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
375
319
542
541
After tax
775
831
608
609
Living cost
198
198
198
198
Free-cash
577
633
410
411

Estimated living cost  is $198 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$78
$115
$171
-$257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
pensions
-
-
-
106
city
-
-
-
12
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
23
health
-
-
-
3
regional
-
-
-
43
national
-
-
-
9
total
-
-
-
196
Employee
916
-
1 029
-
health
2
-
2
-
unemployment
-
-
-
-
city
10
-
11
-
pensions
77
-
86
-
regional
30
-
37
-
national
4
-
7
-
total
123
-
143
-
Employer
916
-
1 029
-
health
2
-
2
-
pensions
77
-
86
-
unemployment
-
-
-
-
other

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

18
-
21
-
total
97
-
109
-
Corporate
127
1 150
-
-
regional
27
243
-
-
national
11
98
-
-
total
38
341
-
-
Dividends
89
809
-
-
withholding
31
283
-
-
total
31
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
289
624
252
196
After tax
861
526
898
954
Living cost
783
783
783
783
Free-cash
78
-257
115
171

Estimated living cost  is $783 per week

$509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$70
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
$297
$215
$375
$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

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
-
-
-
116
total
-
-
-
334
Employee
605
-
967
-
health
5
-
10
-
unemployment
9
-
15
-
pensions
41
-
65
-
national
10
-
64
-
municipal
99
-
158
-
total
164
-
312
-
Employer
605
-
967
-
health
5
-
7
-
pensions
105
-
168
-
accident
1
-
1
-
unemployment
4
-
6
-
total
115
-
182
-
Corporate
431
1 150
-
-
income
86
230
-
-
total
86
230
-
-
Dividends

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

259
690
-
-
municipal
47
124
-
-
national
-
31
-
-
total
47
155
-
-
Income
1 150
1 150
1 150
1 150
Total tax
412
385
494
334
After tax
738
765
656
816
Living cost
441
441
441
441
Free-cash
297
324
215
375

Estimated living cost  is $441 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
$52
$28
$122
$226
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
communal

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

-
-
-
58
social contributions
-
-
-
179
national
-
-
-
372
total
-
-
-
609
Employee

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

823
-
891
-
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.

39
-
42
-
communal

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

43
-
46
-
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
-
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.

62
-
67
-
national
253
-
280
-
total
404
-
443
-
Employer

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

823
-
891
-
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.

51
-
55
-
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.

73
-
79
-
surtax
93
-
101
-
accident

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

11
-
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.

12
-
13
-
total
240
-
260
-
Corporate
88
1 150
-
-
income
18
230
-
-
surtax
-
5
-
-
total
18
235
-
-
Dividends
70
915
-
-
withholding

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

17
270
-
-
total
17
270
-
-
Income
1 150
1 150
1 150
1 150
Total tax
679
505
703
609
After tax
471
645
447
541
Living cost
419
419
419
419
Free-cash
52
226
28
122

Estimated living cost  is $419 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$118
$115
$87
$130
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
unemployment
-
-
-
1
municipal
-
-
-
249
other
-
-
-
127
health
-
-
-
68
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
118
total
-
-
-
565
Employee
709
-
875
-
national
-
-
-
-
municipal
212
-
261
-
total
212
-
261
-
Employer
709
-
875
-
health
44
-
54
-
pensions
77
-
95
-
accident
1
-
2
-
unemployment
19
-
23
-
other
82
-
102
-
total
223
-
276
-
Corporate
218
1 150
-
-
income
48
253
-
-
total
48
253
-
-
Dividends
170
897
-
-
withholding
51
269
-
-
total
51
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
534
522
537
565
After tax
616
628
613
585
Living cost
498
498
498
498
Free-cash
118
130
115
87

Estimated living cost  is $498 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$761
$429
$242
$147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
793
-
-
-
income
175
-
-
-
social contributions
65
-
9
-
total
240
-
9
-
Employer
793
-
-
-
social contributions
1 118
-
159
-
total
1 118
-
159
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 358
450
168
355
After tax
-208
700
982
795
Living cost
553
553
553
553
Free-cash
-761
147
429
242

Estimated living cost  is $553 per week

$359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
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.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$421
$441
$444
$470
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
-
-
-
125
health
-
-
-
29
social contributions
-
-
-
179
total
-
-
-
333
Employee
884
884
1 044
-
health
9
15
18
-
income
93
82
125
-
social contributions
43
73
87
-
total
145
170
230
-
Employer
884
884
1 044
-
health
10
16
19
-
social contributions
43
73
87
-
total
53
89
106
-
Corporate
580
176
-
-
income
72
22
-
-
total
72
22
-
-
Dividends
507
154
-
-
withholding
86
26
-
-
total
86
26
-
-
Income
1 150
1 150
1 150
1 150
Total tax
356
307
336
333
After tax
794
843
814
817
Living cost
373
373
373
373
Free-cash
421
470
441
444

Estimated living cost  is $373 per week

$255
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.
$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.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$388
$308
$413
$428
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
-
-
-
244
pensions
-
-
-
83
total
-
-
-
327
Employee
563
-
1 012
-
health
7
-
17
-
pensions
43
-
97
-
income
103
-
180
-
total
153
-
294
-
Employer
563
-
1 012
-
health
11
-
19
-
pensions
57
-
119
-
total
68
-
138
-
Corporate
519
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.

99
219
-
-
total
99
219
-
-
Dividends
421
931
-
-
withholding
32
93
-
-
total
32
93
-
-
Income
1 150
1 150
1 150
1 150
Total tax
352
312
432
327
After tax
798
838
718
823
Living cost
410
410
410
410
Free-cash
388
428
308
413

Estimated living cost  is $410 per week

$281
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.
$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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
$94
$69
$121
$148
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
-
-
-
23
social contributions
-
-
-
296
national
-
-
-
244
total
-
-
-
571
Employee
969
-
1 150
-
social contributions
327
-
388
-
regional
15
-
19
-
national
164
-
209
-
municipal
6
-
7
-
total
512
-
623
-
Employer
969
-
1 150
-
total
-
-
-
-
Corporate
181
1 150
-
-
nationa
43
276
-
-
municipal
9
55
-
-
total
52
331
-
-
Dividends
129
819
-
-
withholding
34
213
-
-
total
34
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
598
544
623
571
After tax
552
606
527
579
Living cost
458
458
458
458
Free-cash
94
148
69
121

Estimated living cost  is $458 per week

$322
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$57
$352
$545
-$152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
pensions
-
-
-
46
income
-
-
-
283
other
-
-
-
4
health
-
-
-
24
accident
-
-
-
3
total
-
-
-
360
Employee
386
-
987
-
health
44
-
113
-
pensions
43
-
85
-
income
53
-
192
-
total
140
-
390
-
Employer
386
-
987
-
pensions
63
-
123
-
accident
6
-
16
-
unemployment
9
-
24
-
total
78
-
163
-
Corporate
686
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.

617
1 035
-
-
total
617
1 035
-
-
Dividends
69
115
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
848
1 057
553
360
After tax
302
93
597
790
Living cost
245
245
245
245
Free-cash
57
-152
352
545

Estimated living cost  is $245 per week

$180
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.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
$298
$374
$286
$150
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
-
-
-
88
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.

-
-
-
240
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.

-
-
-
79
surtax

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

-
-
-
13
total
-
-
-
420
Employee

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

572
-
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.

79
-
79
-
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
-
240
-
surtax

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

3
-
13
-
total
129
-
332
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
578
1 150
-
-
income
87
172
-
-
trade
83
165
-
-
surtax

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

5
9
-
-
chamber of commerce
3
3
-
-
total
178
349
-
-
Dividends
401
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.

5
11
-
-
withholding
96
196
-
-
total
101
207
-
-
Income
1 150
1 150
1 150
1 150
Total tax
408
556
332
420
After tax
742
594
818
730
Living cost
444
444
444
444
Free-cash
298
150
374
286

Estimated living cost  is $444 per week

$306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
$586
$409
$375
$681
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
income
-
-
-
166
microenterprise
-
-
-
-
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
surtax
-
-
-
-
total
-
-
-
536
Employee
336
-
927
-
income
60
-
177
-
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.

37
-
102
-
surtax
-
-
-
-
total
97
-
279
-
Employer
336
-
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.

81
-
223
-
surtax
-
-
-
-
total
81
-
223
-
Corporate
733
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%.

147
230
-
-
total
147
230
-
-
Dividends

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

586
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
325
230
502
536
After tax
825
920
648
614
Living cost
239
239
239
239
Free-cash
586
681
409
375

Estimated living cost  is $239 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
Istanbul , Turkey
$551
$512
$522
$576
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
-
-
-
307
health
-
-
-
75
pensions
-
-
-
104
total
-
-
-
486
Employee
217
-
1 033
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
income
42
-
302
-
total
75
-
380
-
Employer
217
-
1 033
-
health
21
-
49
-
pensions
24
-
57
-
unemployment
4
-
10
-
total
49
-
116
-
Corporate
884
1 150
-
-
income
195
253
-
-
total
195
253
-
-
Dividends
690
897
-
-
withholding
138
179
-
-
total
138
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
457
432
496
486
After tax
693
718
654
664
Living cost
142
142
142
142
Free-cash
551
576
512
522

Estimated living cost  is $142 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$428
$312
$332
$465
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
pensions
-
-
-
230
unemployment
-
-
-
3
income
-
-
-
218
other
-
-
-
-
health
-
-
-
82
surtax
-
-
-
27
total
-
-
-
560
Employee
387
-
950
-
health
10
-
24
-
unemployment
27
-
66
-
pensions
26
-
63
-
income
65
-
203
-
other
-
-
-
-
surtax
1
-
24
-
total
129
-
380
-
Employer
387
-
950
-
health
18
-
43
-
pensions
52
-
127
-
unemployment
12
-
30
-
other
-
-
-
-
total
82
-
200
-
Corporate
681
1 150
-
-
income
177
299
-
-
total
177
299
-
-
Dividends
504
851
-
-
withholding
76
128
-
-
total
76
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
464
427
580
560
After tax
686
723
570
590
Living cost
258
258
258
258
Free-cash
428
465
312
332

Estimated living cost  is $258 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$273
-$19
$216
$277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
pensions
-
-
-
213
chamber of commerce
-
-
-
5
unemployment
-
-
-
71
income
-
-
-
190
health
-
-
-
88
surtax
-
-
-
-
total
-
-
-
567
Employee
503
458
893
-
health
19
18
35
-
unemployment
15
14
27
-
pensions
51
47
91
-
income
45
34
170
-
other
5
5
9
-
total
135
118
332
-
Employer
503
458
893
-
health
19
17
34
-
pensions
63
58
112
-
surtax
-
-
-
-
accident
7
6
12
-
unemployment
15
14
27
-