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
$ 1200
per

Your estimated
City
free-cash

Dresden , Germany
$279
$397
$400
$510
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.

-
-
-
1 200
trade
-
-
-
110
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.

-
-
-
273
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.

-
-
-
15
total
-
-
-
472
Employee

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

414
-
1 200
-
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
-
15
-
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
-
273
-
total
87
-
362
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
786
1 200
-
-
surtax

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

6
10
-
-
income
118
180
-
-
trade
124
189
-
-
chamber of commerce
3
3
-
-
total
251
382
-
-
Dividends
535
818
-
-
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
130
200
-
-
total
137
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
475
593
362
472
After tax
725
607
838
728
Living cost
328
328
328
328
Free-cash
397
279
510
400

Estimated living cost  is $328 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
$202
$193
$174
$184
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
-
-
-
1 200
municipal
-
-
-
126
pensions
-
-
-
144
national
-
-
-
196
social contributions
-
-
-
13
total
-
-
-
479
Employee
848
-
1 037
-
municipal
105
-
131
-
pensions
34
-
41
-
national
162
-
203
-
total
301
-
375
-
Employer
848
-
1 037
-
social contributions
9
-
11
-
pensions
68
-
83
-
total
77
-
94
-
Corporate
219
1 200
-
-
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%.

44
240
-
-
total
44
240
-
-
Dividends
175
960
-
-
withholding
38
211
-
-
total
38
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
460
451
469
479
After tax
740
749
731
721
Living cost
547
547
547
547
Free-cash
193
202
184
174

Estimated living cost  is $547 per week

$372
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
$735
$647
$414
$450
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.

-
-
-
1 200
microenterprise
-
-
-
-
income
-
-
-
175
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.

-
-
-
386
total
-
-
-
561
Employee
316
-
967
-
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
-
106
-
surtax
-
-
-
-
income
56
-
186
-
total
91
-
292
-
Employer
316
-
967
-
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
-
233
-
surtax
-
-
-
-
total
76
-
233
-
Corporate
807
1 200
-
-
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%.

161
240
-
-
total
161
240
-
-
Dividends

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

646
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
328
240
525
561
After tax
872
960
675
639
Living cost
225
225
225
225
Free-cash
647
735
450
414

Estimated living cost  is $225 per week

$144
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
$130
$65
$229
$163
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
-
-
-
1 200
income
-
-
-
256
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
517
Employee
925
925
1 021
-
health
142
121
126
-
income

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

151
151
151
-
pensions
166
127
127
-
total
459
399
404
-
Employer
925
925
1 021
-
unemployment
33
33
37
-
pensions
64
64
71
-
health
64
64
71
-
total
161
161
179
-
Corporate
124
113
-
-
income
25
23
-
-
total
25
23
-
-
Dividends
100
90
-
-
income
21
19
-
-
withholding
15
14
-
-
total
36
33
-
-
Income
1 200
1 200
1 200
1 200
Total tax
681
616
583
517
After tax
519
584
617
683
Living cost
454
454
454
454
Free-cash
65
130
163
229

Estimated living cost  is $454 per week

$322
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
$237
$228
$223
$214
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
-
-
-
1 200
municipal
-
-
-
279
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
14
total
-
-
-
559
Employee
596
-
913
-
municipal
178
-
272
-
national
-
-
9
-
total
178
-
281
-
Employer
596
-
913
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
287
-
Corporate
416
1 200
-
-
income
92
264
-
-
total
92
264
-
-
Dividends
325
936
-
-
withholding
97
281
-
-
total
97
281
-
-
Income
1 200
1 200
1 200
1 200
Total tax
554
545
568
559
After tax
646
655
632
641
Living cost
418
418
418
418
Free-cash
228
237
214
223

Estimated living cost  is $418 per week

$277
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$176
$327
$298
$413
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.

-
-
-
1 200
trade
-
-
-
115
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.

-
-
-
273
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.

-
-
-
15
total
-
-
-
477
Employee

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

549
-
1 200
-
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
-
15
-
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
-
273
-
total
124
-
362
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
651
1 200
-
-
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
-
-
income
98
180
-
-
trade
107
197
-
-
chamber of commerce
3
3
-
-
total
213
390
-
-
Dividends
438
809
-
-
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
105
198
-
-
total
111
209
-
-
Income
1 200
1 200
1 200
1 200
Total tax
448
599
362
477
After tax
752
601
838
723
Living cost
425
425
425
425
Free-cash
327
176
413
298

Estimated living cost  is $425 per week

$285
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.
$90
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
$528
$483
$493
$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
-
-
-
1 200
income
-
-
-
150
health
-
-
-
31
social contributions
-
-
-
175
total
-
-
-
356
Employee
833
833
1 089
-
social contributions
40
69
90
-
health
8
14
19
-
income
87
77
146
-
total
135
160
255
-
Employer
833
833
1 089
-
social contributions
40
69
90
-
health
9
15
20
-
total
49
84
110
-
Corporate
663
283
-
-
income
83
35
-
-
total
83
35
-
-
Dividends
580
247
-
-
withholding
99
42
-
-
total
99
42
-
-
Income
1 200
1 200
1 200
1 200
Total tax
366
321
365
356
After tax
834
879
835
844
Living cost
351
351
351
351
Free-cash
483
528
484
493

Estimated living cost  is $351 per week

$240
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
$478
$484
$634
$499
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
-
-
-
1 200
income
-
-
-
147
pensions
-
-
-
120
unemployment
-
-
-
18
health
-
-
-
84
total
-
-
-
369
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.

284
113
1 004
-
health
20
8
70
-
income
35
14
123
-
pensions
28
11
100
-
unemployment
4
2
15
-
total
87
35
308
-
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.

284
113
1 004
-
pensions
55
22
196
-
total
55
22
196
-
Corporate
861
1 065
-
-
income
77
96
-
-
total
77
96
-
-
Dividends
783
969
-
-
social contributions
151
188
-
-
withholding
149
184
-
-
total
300
372
-
-
Income
1 200
1 200
1 200
1 200
Total tax
519
525
504
369
After tax
681
675
696
831
Living cost
197
197
197
197
Free-cash
484
478
499
634

Estimated living cost  is $197 per week

$134
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
$698
$631
$381
$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
-
-
-
1 200
income
-
-
-
161
pensions
-
-
-
240
health
-
-
-
156
total
-
-
-
557
Employee
307
-
897
-
income
35
-
173
-
pensions
6
-
18
-
unemployment
5
-
14
-
total
46
-
205
-
Employer
307
-
897
-
unemployment
2
-
7
-
pensions
61
-
179
-
health
40
-
117
-
total
103
-
303
-
Corporate
789
1 200
-
-
income
158
240
-
-
total
158
240
-
-
Dividends
631
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
307
240
508
557
After tax
893
960
692
643
Living cost
262
262
262
262
Free-cash
631
698
430
381

Estimated living cost  is $262 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
-$140
$61
$586
$391
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
-
-
-
1 200
accident
-
-
-
3
income
-
-
-
302
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
377
Employee
373
-
1 039
-
health
43
-
119
-
income
51
-
210
-
pensions
42
-
82
-
total
136
-
411
-
Employer
373
-
1 039
-
accident
6
-
17
-
unemployment
9
-
25
-
pensions
61
-
119
-
total
76
-
161
-
Corporate
751
1 200
-
-
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.

676
1 080
-
-
total
676
1 080
-
-
Dividends
75
120
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
902
1 103
572
377
After tax
298
97
628
823
Living cost
237
237
237
237
Free-cash
61
-140
391
586

Estimated living cost  is $237 per week

$174
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
$1043
$1025
$1091
$863
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%.

-
-
-
1 200
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
122
-
1 200
-
income
24
-
240
-
total
24
-
240
-
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%.

1 078
1 200
-
-
total
-
-
-
-
Dividends
1 078
1 200
-
-
withholding
54
60
-
-
total
54
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
78
60
240
12
After tax
1 122
1 140
960
1 188
Living cost
97
97
97
97
Free-cash
1 025
1 043
863
1 091

Estimated living cost  is $97 per week

$60
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.
$26
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
$593
$517
$358
$408
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
-
-
-
1 200
income
-
-
-
155
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.

-
-
-
288
other
-
-
-
57
health
-
-
-
53
total
-
-
-
553
Employee
393
-
958
-
health
6
-
13
-
income
68
-
171
-
pensions

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

28
-
67
-
unemployment
4
-
10
-
total
106
-
261
-
Employer
393
-
958
-
accident
3
-
8
-
other
20
-
48
-
unemployment
4
-
10
-
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
-
163
-
health
6
-
13
-
total
100
-
242
-
Corporate
708
1 200
-
-
income
149
252
-
-
total
149
252
-
-
Dividends
559
948
-
-
withholding
39
66
-
-
total
39
66
-
-
Income
1 200
1 200
1 200
1 200
Total tax
394
318
503
553
After tax
806
882
697
647
Living cost
289
289
289
289
Free-cash
517
593
408
358

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Bratislava model

Close
London , United Kingdom
$136
$23
$123
$15
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
-
-
-
1 200
income
-
-
-
267
pensions
-
-
-
83
total
-
-
-
350
Employee
1 028
-
1 055
-
health
17
-
17
-
income
185
-
194
-
pensions
99
-
102
-
total
301
-
313
-
Employer
1 028
-
1 055
-
pensions
121
-
125
-
health
20
-
20
-
total
141
-
145
-
Corporate
31
1 200
-
-
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.

6
228
-
-
total
6
228
-
-
Dividends
25
972
-
-
withholding
2
109
-
-
total
2
109
-
-
Income
1 200
1 200
1 200
1 200
Total tax
450
337
458
350
After tax
750
863
742
850
Living cost
727
727
727
727
Free-cash
23
136
15
123

Estimated living cost  is $727 per week

$545
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
$884
$833
$776
$817
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
-
-
-
1 200
income
-
-
-
180
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
282
Employee
188
-
1 126
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
113
-
pensions

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

17
-
33
-
total
47
-
167
-
Employer
188
-
1 126
-
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
975
1 200
-
-
income
97
120
-
-
total
97
120
-
-
Dividends
877
1 080
-
-
withholding
44
54
-
-
total
44
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
225
174
241
282
After tax
975
1 026
959
918
Living cost
142
142
142
142
Free-cash
833
884
817
776

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
-$17
$11
$82
$16
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
-
-
-
1 200
income
-
-
-
256
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
517
Employee
1 004
925
1 021
-
health
125
121
126
-
income

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

151
151
151
-
pensions
127
127
127
-
total
403
399
404
-
Employer
1 004
925
1 021
-
unemployment
36
33
37
-
pensions
70
64
71
-
health
70
64
71
-
total
176
161
179
-
Corporate
20
113
-
-
income
4
23
-
-
total
4
23
-
-
Dividends
16
90
-
-
income
3
19
-
-
withholding
2
14
-
-
total
5
33
-
-
Income
1 200
1 200
1 200
1 200
Total tax
588
616
583
517
After tax
612
584
617
683
Living cost
601
601
601
601
Free-cash
11
-17
16
82

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
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
$567
$475
$326
$350
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
-
-
-
1 200
income
-
-
-
103
health
-
-
-
162
solidarity contribution
-
-
-
-
social contributions
-
-
-
350
total
-
-
-
615
Employee
381
-
896
-
social contributions
25
-
58
-
health
51
-
121
-
solidarity contribution
-
-
-
-
income
46
-
107
-
total
122
-
286
-
Employer
381
-
896
-
social contributions
95
-
224
-
health
34
-
81
-
total
129
-
305
-
Corporate
689
1 200
-
-
income
131
228
-
-
total
131
228
-
-
Dividends
558
972
-
-
withholding
84
146
-
-
total
84
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
466
374
591
615
After tax
734
826
609
585
Living cost
259
259
259
259
Free-cash
475
567
350
326

Estimated living cost  is $259 per week

$180
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.
$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 Brno model

Close
Milan , Italy
$183
$126
$151
$93
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
-
-
-
1 200
municipal
-
-
-
7
regional
-
-
-
13
national
-
-
-
263
social contributions
-
-
-
309
total
-
-
-
592
Employee
963
-
1 200
-
social contributions
325
-
405
-
regional
9
-
12
-
municipal
5
-
6
-
national
167
-
227
-
total
506
-
650
-
Employer
963
-
1 200
-
total
-
-
-
-
Corporate
237
1 200
-
-
nationa
57
288
-
-
municipal
9
47
-
-
total
66
335
-
-
Dividends
171
865
-
-
withholding
45
225
-
-
total
45
225
-
-
Income
1 200
1 200
1 200
1 200
Total tax
617
560
650
592
After tax
583
640
550
608
Living cost
457
457
457
457
Free-cash
126
183
93
151

Estimated living cost  is $457 per week

$319
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
$516
$483
$363
$343
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
-
-
-
1 200
income
-
-
-
240
pensions
-
-
-
240
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
85
surtax
-
-
-
31
total
-
-
-
598
Employee
358
-
991
-
other
-
-
-
-
health
9
-
25
-
surtax
1
-
28
-
income
60
-
222
-
pensions
24
-
66
-
unemployment
25
-
69
-
total
119
-
410
-
Employer
358
-
991
-
other
-
-
-
-
unemployment
11
-
31
-
pensions
48
-
132
-
health
16
-
45
-
total
75
-
208
-
Corporate
766
1 200
-
-
income
199
312
-
-
total
199
312
-
-
Dividends
567
888
-
-
withholding
85
133
-
-
total
85
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
478
445
618
598
After tax
722
755
582
602
Living cost
239
239
239
239
Free-cash
483
516
343
363

Estimated living cost  is $239 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.
$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.
$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
$366
$317
$353
$245
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
-
-
-
1 200
income
-
-
-
267
pensions
-
-
-
83
total
-
-
-
350
Employee
689
-
1 055
-
health
10
-
17
-
income
124
-
194
-
pensions
58
-
102
-
total
192
-
313
-
Employer
689
-
1 055
-
pensions
75
-
125
-
health
13
-
20
-
total
88
-
145
-
Corporate
423
1 200
-
-
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.

80
228
-
-
total
80
228
-
-
Dividends
343
972
-
-
withholding
26
109
-
-
total
26
109
-
-
Income
1 200
1 200
1 200
1 200
Total tax
386
337
458
350
After tax
814
863
742
850
Living cost
497
497
497
497
Free-cash
317
366
245
353

Estimated living cost  is $497 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
-$270
$82
$176
$119
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
-
-
-
1 200
city
-
-
-
13
pensions
-
-
-
110
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.

-
-
-
24
regional
-
-
-
45
health
-
-
-
3
national
-
-
-
10
total
-
-
-
205
Employee
958
-
1 074
-
city
10
-
12
-
regional
31
-
38
-
health
2
-
2
-
pensions
80
-
90
-
unemployment
-
-
-
-
national
5
-
7
-
total
128
-
149
-
Employer
958
-
1 074
-
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
80
-
90
-
health
2
-
2
-
total
101
-
113
-
Corporate
130
1 200
-
-
regional
27
254
-
-
national
11
102
-
-
total
38
356
-
-
Dividends
91
844
-
-
withholding
32
295
-
-
total
32
295
-
-
Income
1 200
1 200
1 200
1 200
Total tax
299
651
262
205
After tax
901
549
938
995
Living cost
819
819
819
819
Free-cash
82
-270
119
176

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
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.
$203
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
$98
$274
$223
$342
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.

-
-
-
1 200
trade
-
-
-
119
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.

-
-
-
273
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.

-
-
-
15
total
-
-
-
481
Employee

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

651
-
1 200
-
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
-
15
-
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.

77
-
273
-
total
155
-
362
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
549
1 200
-
-
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
-
-
income
82
180
-
-
trade
94
206
-
-
chamber of commerce
2
3
-
-
total
183
399
-
-
Dividends
366
801
-
-
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
87
196
-
-
total
92
207
-
-
Income
1 200
1 200
1 200
1 200
Total tax
430
606
362
481
After tax
770
594
838
719
Living cost
496
496
496
496
Free-cash
274
98
342
223

Estimated living cost  is $496 per week

$362
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.
$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

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
$233
$299
$317
$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
-
-
-
1 200
income
-
-
-
131
pensions
-
-
-
281
other
-
-
-
37
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
34
total
-
-
-
512
Employee
464
-
967
-
social contributions
13
-
28
-
surtax
-
-
-
-
income
27
-
152
-
pensions
52
-
50
-
total
92
-
230
-
Employer
464
-
967
-
other
16
-
33
-
social contributions
1
-
3
-
unemployment
19
-
39
-
pensions
76
-
88
-
health
32
-
69
-
total
144
-
232
-
Corporate
592
1 200
-
-
surtax
-
-
-
-
income
166
336
-
-
total
166
336
-
-
Dividends
426
864
-
-
surtax
-
-
-
-
social contributions
73
149
-
-
withholding
55
111
-
-
total
128
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
530
596
462
512
After tax
670
604
738
688
Living cost
371
371
371
371
Free-cash
299
233
367
317

Estimated living cost  is $371 per week

$234
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
$270
$331
$354
$404
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
-
-
-
1 200
income
-
-
-
131
pensions
-
-
-
281
other
-
-
-
37
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
34
total
-
-
-
512
Employee
414
-
967
-
social contributions
12
-
28
-
surtax
-
-
-
-
income
21
-
152
-
pensions
47
-
50
-
total
80
-
230
-
Employer
414
-
967
-
other
14
-
33
-
social contributions
1
-
3
-
unemployment
17
-
39
-
pensions
68
-
88
-
health
29
-
69
-
total
129
-
232
-
Corporate
657
1 200
-
-
surtax
-
-
-
-
income
184
336
-
-
total
184
336
-
-
Dividends
473
864
-
-
surtax
-
-
-
-
social contributions
81
149
-
-
withholding
61
111
-
-
total
142
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
535
596
462
512
After tax
665
604
738
688
Living cost
334
334
334
334
Free-cash
331
270
404
354

Estimated living cost  is $334 per week

$194
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
$502
$507
$540
$536
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
-
-
-
1 200
income
-
-
-
180
health
-
-
-
84
social contributions
-
-
-
166
total
-
-
-
430
Employee
367
-
1 200
-
social contributions
51
-
166
-
health
26
-
84
-
income
61
-
184
-
total
138
-
434
-
Employer
367
-
1 200
-
total
-
-
-
-
Corporate
833
1 200
-
-
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%.

42
60
-
-
total
42
60
-
-
Dividends
791
1 140
-
-
health
55
80
-
-
social contributions
109
157
-
-
withholding
119
171
-
-
total
283
408
-
-
Income
1 200
1 200
1 200
1 200
Total tax
463
468
434
430
After tax
737
732
766
770
Living cost
230
230
230
230
Free-cash
507
502
536
540

Estimated living cost  is $230 per week

$154
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.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$289
$274
$216
-$32
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
-
-
-
1 200
chamber of commerce
-
-
-
5
income
-
-
-
215
pensions
-
-
-
222
unemployment
-
-
-
66
health
-
-
-
92
surtax
-
-
-
2
total
-
-
-
602
Employee
541
432
930
-
other
5
4
9
-
health
21
17
36
-
income
62
32
190
-
pensions
55
44
95
-
unemployment
16
13
28
-
total
159
110
358
-
Employer
541
432
930
-
accident
7
6
12
-
other
26
20
44
-
chamber of commerce
2
2
4
-
unemployment
16
13
28
-
surtax
2
2
2
-
pensions
68
54
117
-
payroll
16
13
28
-
health
20
16
35
-
total
157
126
270
-
Corporate
501
642
889
-
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.

125
161
222
-
total
125
161
222
-
Dividends
376
482
-
-
withholding
103
132
-
-
total
103
132
-
-
Income
1 200
1 200
1 200
1 200
Total tax
544
529
850
602
After tax
656
671
350
598
Living cost
382
382
382
382
Free-cash
274
289
-32
216

Estimated living cost  is $382 per week

$255
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.
$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
$277
$115
$154
$66
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
-
-
-
1 200
national
-
-
-
397
communal

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

-
-
-
60
social contributions
-
-
-
194
total
-
-
-
651
Employee

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

775
-
929
-
communal

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

40
-
48
-
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
-
44
-
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
-
70
-
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
238
-
299
-
total
379
-
469
-
Employer

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

775
-
929
-
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
-
14
-
surtax
88
-
105
-
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.

69
-
82
-
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.

48
-
57
-
total
226
-
270
-
Corporate
200
1 200
-
-
surtax
1
5
-
-
income
40
240
-
-
total
41
245
-
-
Dividends
159
955
-
-
withholding

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

44
283
-
-
total
44
283
-
-
Income
1 200
1 200
1 200
1 200
Total tax
690
528
739
651
After tax
510
672
461
549
Living cost
395
395
395
395
Free-cash
115
277
66
154

Estimated living cost  is $395 per week

$254
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.
$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 Brussels model

Close
Barcelona , Spain
$417
$331
$264
$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
-
-
-
1 200
accident
-
-
-
9
income
-
-
-
244
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
545
Employee
539
-
910
-
other
1
-
1
-
income
114
-
227
-
pensions
25
-
43
-
unemployment
8
-
14
-
total
148
-
285
-
Employer
539
-
910
-
accident
11
-
18
-
other
4
-
7
-
unemployment
30
-
50
-
pensions
127
-
215
-
total
172
-
290
-
Corporate
489
1 200
-
-
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.

73
180
-
-
total
73
180
-
-
Dividends
416
1 020
-
-
withholding
85
212
-
-
total
85
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
478
392
575
545
After tax
722
808
625
655
Living cost
391
391
391
391
Free-cash
331
417
234
264

Estimated living cost  is $391 per week

$288
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$141
$62
$82
$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
-
-
-
1 200
accident
-
-
-
10
income
-
-
-
120
pensions
-
-
-
180
health
-
-
-
84
surtax
-
-
-
59
communal
-
-
-
76
total
-
-
-
529
Employee
820
-
1 072
-
health
37
-
48
-
surtax
50
-
66
-
income
79
-
152
-
pensions
66
-
86
-
total
232
-
352
-
Employer
820
-
1 072
-
accident
7
-
10
-
pensions
66
-
86
-
health
25
-
33
-
total
98
-
129
-
Corporate
282
1 200
-
-
surtax
3
13
-
-
communal
-
81
-
-
income
42
180
-
-
total
45
274
-
-
Dividends
237
926
-
-
income
139
57
-
-
withholding
35
139
-
-
total
174
196
-
-
Income
1 200
1 200
1 200
1 200
Total tax
549
470
481
529
After tax
651
730
719
671
Living cost
589
589
589
589
Free-cash
62
141
130
82

Estimated living cost  is $589 per week

$442
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
$512
$478
$359
$339
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
-
-
-
1 200
income
-
-
-
240
pensions
-
-
-
240
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
85
surtax
-
-
-
31
total
-
-
-
598
Employee
365
-
991
-
other
-
-
-
-
health
9
-
25
-
surtax
1
-
28
-
income
61
-
222
-
pensions
24
-
66
-
unemployment
25
-
69
-
total
120
-
410
-
Employer
365
-
991
-
other
-
-
-
-
unemployment
12
-
31
-
pensions
49
-
132
-
health
17
-
45
-
total
78
-
208
-
Corporate
758
1 200
-
-
income
197
312
-
-
total
197
312
-
-
Dividends
561
888
-
-
withholding
84
133
-
-
total
84
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
479
445
618
598
After tax
721
755
582
602
Living cost
243
243
243
243
Free-cash
478
512
339
359

Estimated living cost  is $243 per week

$147
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.
$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 of data for Athens model

Close
Naples , Italy
$338
$314
$311
$254
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
-
-
-
1 200
municipal
-
-
-
7
regional
-
-
-
18
national
-
-
-
263
social contributions
-
-
-
309
total
-
-
-
597
Employee
601
-
1 200
-
social contributions
203
-
405
-
regional
8
-
16
-
municipal
3
-
6
-
national
95
-
227
-
total
309
-
654
-
Employer
601
-
1 200
-
total
-
-
-
-
Corporate
599
1 200
-
-
nationa
144
288
-
-
municipal
30
60
-
-
total
174
348
-
-
Dividends
426
852
-
-
withholding
111
222
-
-
total
111
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
594
570
654
597
After tax
606
630
546
603
Living cost
292
292
292
292
Free-cash
314
338
254
311

Estimated living cost  is $292 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
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
$506
$393
$265
$289
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
-
-
-
1 200
income
-
-
-
103
health
-
-
-
162
solidarity contribution
-
-
-
-
social contributions
-
-
-
350
total
-
-
-
615
Employee
470
-
896
-
social contributions
31
-
58
-
health
63
-
121
-
solidarity contribution
-
-
-
-
income
56
-
107
-
total
150
-
286
-
Employer
470
-
896
-
social contributions
118
-
224
-
health
42
-
81
-
total
160
-
305
-
Corporate
570
1 200
-
-
income
108
228
-
-
total
108
228
-
-
Dividends
462
972
-
-
withholding
69
146
-
-
total
69
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
487
374
591
615
After tax
713
826
609
585
Living cost
320
320
320
320
Free-cash
393
506
289
265

Estimated living cost  is $320 per week

$238
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

Source of data for Prague model

Close
Graz , Austria
$326
$322
$254
$4
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
-
-
-
1 200
chamber of commerce
-
-
-
5
income
-
-
-
215
pensions
-
-
-
222
unemployment
-
-
-
66
health
-
-
-
92
surtax
-
-
-
-
total
-
-
-
600
Employee
473
432
932
-
other
5
4
9
-
health
18
17
36
-
income
42
32
191
-
pensions
48
44
95
-
unemployment
14
13
28
-
total
127
110
359
-
Employer
473
432
932
-
accident
6
6
12
-
other
22
20
44
-
chamber of commerce
2
2
4
-
unemployment
14
13
28
-
surtax
-
-
-
-
pensions
59
54
117
-
payroll
14
13
28
-
health
18
16
35
-
total
135
124
268
-
Corporate
590
644
891
-
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.

148
161
223
-
total
148
161
223
-
Dividends
443
483
-
-
withholding
122
133
-
-
total
122
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
532
528
850
600
After tax
668
672
350
600
Living cost
346
346
346
346
Free-cash
322
326
4
254

Estimated living cost  is $346 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.
$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

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
$988
$959
$1036
$808
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%.

-
-
-
1 200
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
190
-
1 200
-
income
38
-
240
-
total
38
-
240
-
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%.

1 010
1 200
-
-
total
-
-
-
-
Dividends
1 010
1 200
-
-
withholding
51
60
-
-
total
51
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
89
60
240
12
After tax
1 111
1 140
960
1 188
Living cost
152
152
152
152
Free-cash
959
988
808
1 036

Estimated living cost  is $152 per week

$103
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
$535
$444
$325
$290
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.

-
-
-
1 200
income
-
-
-
245
pensions
-
-
-
219
unemployment
-
-
-
2
health
-
-
-
118
total
-
-
-
584
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.

479
-
1 038
-
health
31
-
67
-
income
83
-
228
-
pensions
74
-
161
-
unemployment
1
-
1
-
total
189
-
457
-
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.

479
-
1 038
-
unemployment
-
-
1
-
pensions
42
-
92
-
health
32
-
69
-
total
74
-
162
-
Corporate
646
1 200
-
-
income
123
228
-
-
total
123
228
-
-
Dividends
524
972
-
-
withholding
79
146
-
-
total
79
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
465
374
619
584
After tax
735
826
581
616
Living cost
291
291
291
291
Free-cash
444
535
290
325

Estimated living cost  is $291 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
$262
-$416
$361
$589
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
-
-
-
1 200
income
-
-
-
234
social contributions
-
-
-
137
total
-
-
-
371
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
-
1 200
-
-
income
-
264
-
-
total
-
264
-
-
Dividends
-
936
-
-
income
-
206
-
-
total
-
206
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 148
470
143
371
After tax
52
730
1 057
829
Living cost
468
468
468
468
Free-cash
-416
262
589
361

Estimated living cost  is $468 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
$343
$331
$325
$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

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.

-
-
-
1 200
income
-
-
-
118
surtax
-
-
-
-
social contributions

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

-
-
-
417
total
-
-
-
535
Employee
498
-
970
-
social contributions
55
-
107
-
surtax
-
-
-
-
income
104
-
266
-
total
159
-
373
-
Employer
498
-
970
-
social contributions
118
-
230
-
total
118
-
230
-
Corporate
584
1 200
-
-
surtax
-
-
-
-
income
123
252
-
-
total
123
252
-
-
Dividends
461
948
-
-
withholding
129
265
-
-
total
129
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
529
517
603
535
After tax
671
683
597
665
Living cost
340
340
340
340
Free-cash
331
343
257
325

Estimated living cost  is $340 per week

$254
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
$81
$158
$165
$215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
income
-
-
-
131
pensions
-
-
-
281
other
-
-
-
37
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
34
total
-
-
-
512
Employee
678
-
967
-
social contributions
19
-
28
-
surtax
-
-
-
-
income
59
-
152
-
pensions
77
-
50
-
total
155
-
230
-
Employer
678
-
967
-
other
23
-
33
-
social contributions
2
-
3
-
unemployment
27
-
39
-
pensions
111
-
88
-
health
47
-
69
-
total
210
-
232
-
Corporate
310
1 200
-
-
surtax
-
-
-
-
income
87
336
-
-
total
87
336
-
-
Dividends
223
864
-
-
surtax
-
-
-
-
social contributions
38
149
-
-
withholding
29
111
-
-
total
67
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
519
596
462
512
After tax
681
604
738
688
Living cost
523
523
523
523
Free-cash
158
81
215
165

Estimated living cost  is $523 per week

$354
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
$754
$717
$582
$614
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
-
-
-
1 200
income
-
-
-
28
social contributions
-
-
-
264
total
-
-
-
292
Employee
348
-
1 039
-
income
-
-
31
-
social contributions
23
-
68
-
total
23
-
99
-
Employer
348
-
1 039
-
social contributions
54
-
161
-
total
54
-
161
-
Corporate
798
1 200
-
-
income
80
120
-
-
total
80
120
-
-
Dividends
718
1 080
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
157
120
260
292
After tax
1 043
1 080
940
908
Living cost
326
326
326
326
Free-cash
717
754
614
582

Estimated living cost  is $326 per week

$211
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.
$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
-$1161
-$1161
$216
-$1161
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
-
-
-
1 200
municipal
-
-
-
229
pensions
-
-
-
9
national
-
-
-
129
labour market
-
-
-
95
total
-
-
-
462
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 839
1 839
1 839
462
After tax
-639
-639
-639
738
Living cost
522
522
522
522
Free-cash
-1 161
-1 161
-1 161
216

Estimated living cost  is $522 per week

$357
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
-$136
$63
$590
$395
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
-
-
-
1 200
accident
-
-
-
3
income
-
-
-
302
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
377
Employee
367
-
1 039
-
health
42
-
119
-
income
50
-
210
-
pensions
41
-
82
-
total
133
-
411
-
Employer
367
-
1 039
-
accident
6
-
17
-
unemployment
9
-
25
-
pensions
60
-
119
-
total
75
-
161
-
Corporate
758
1 200
-
-
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.

682
1 080
-
-
total
682
1 080
-
-
Dividends
76
120
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
904
1 103
572
377
After tax
296
97
628
823
Living cost
233
233
233
233
Free-cash
63
-136
395
590

Estimated living cost  is $233 per week

$170
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
$373
$362
$423
$258
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

-
-
-
1 200
municipal
-
-
-
213
health
-
-
-
14
national
-
-
-
134
total
-
-
-
361
Employee
570
-
1 010
-
health
4
-
11
-
municipal
93
-
165
-
pensions
38
-
68
-
unemployment
9
-
15
-
national
9
-
76
-
total
153
-
335
-
Employer
570
-
1 010
-
accident
1
-
1
-
unemployment
4
-
7
-
pensions
99
-
175
-
health
4
-
8
-
total
108
-
191
-
Corporate
523
1 200
-
-
income
105
240
-
-
total
105
240
-
-
Dividends

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

314
720
-
-
national
-
41
-
-
municipal
56
130
-
-
total
56
171
-
-
Income
1 200
1 200
1 200
1 200
Total tax
422
411
526
361
After tax
778
789
674
839
Living cost
416
416
416
416
Free-cash
362
373
258
423

Estimated living cost  is $416 per week

$272
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.
$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

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
$628
$569
$593
$584
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
-
-
-
1 200
income
-
-
-
150
health
-
-
-
31
social contributions
-
-
-
175
total
-
-
-
356
Employee
833
833
1 089
-
social contributions
31
69
90
-
health
6
14
19
-
income
91
77
146
-
total
128
160
255
-
Employer
833
833
1 089
-
social contributions
31
69
90
-
health
7
15
20
-
total
38
84
110
-
Corporate
782
283
-
-
income
98
35
-
-
total
98
35
-
-
Dividends
684
247
-
-
withholding
116
42
-
-
total
116
42
-
-
Income
1 200
1 200
1 200
1 200
Total tax
380
321
365
356
After tax
820
879
835
844
Living cost
251
251
251
251
Free-cash
569
628
584
593

Estimated living cost  is $251 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
$822
$767
$804
$587
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
-
-
-
1 200
income
-
-
-
116
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
224
Employee

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

249
-
1 094
-
health
21
-
87
-
income
17
-
89
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
335
-
Employer

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

249
-
1 094
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
926
1 200
-
-
income
83
108
-
-
total
83
108
-
-
Dividends
842
1 092
-
-
withholding
76
98
-
-
total
76
98
-
-
Income
1 200
1 200
1 200
1 200
Total tax
261
206
441
224
After tax
939
994
759
976
Living cost
172
172
172
172
Free-cash
767
822
587
804

Estimated living cost  is $172 per week

$110
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
$510
$454
$357
$327
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
-
-
-
1 200
accident
-
-
-
9
income
-
-
-
244
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
545
Employee
400
-
910
-
other
-
-
1
-
income
77
-
227
-
pensions
19
-
43
-
unemployment
6
-
14
-
total
102
-
285
-
Employer
400
-
910
-
accident
8
-
18
-
other
3
-
7
-
unemployment
22
-
50
-
pensions
95
-
215
-
total
128
-
290
-
Corporate
672
1 200
-
-
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.

101
180
-
-
total
101
180
-
-
Dividends
571
1 020
-
-
withholding
117
212
-
-
total
117
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
448
392
575
545
After tax
752
808
625
655
Living cost
298
298
298
298
Free-cash
454
510
327
357

Estimated living cost  is $298 per week

$201
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
$719
$714
$732
$731
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
-
-
-
1 200
income
-
-
-
400
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
438
Employee
45
-
1 176
-
health
2
-
5
-
income
9
-
399
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
415
-
Employer
45
-
1 176
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 145
1 200
-
-
income
252
264
-
-
total
252
264
-
-
Dividends
893
936
-
-
withholding
179
187
-
-
total
179
187
-
-
Income
1 200
1 200
1 200
1 200
Total tax
456
451
439
438
After tax
744
749
761
762
Living cost
30
30
30
30
Free-cash
714
719
731
732

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
$680
$625
$463
$463
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.

-
-
-
1 200
income
-
-
-
248
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
550
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.

282
-
1 057
-
health
15
-
41
-
income
39
-
248
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
407
-
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.

282
-
1 057
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
867
1 200
-
-
income
130
180
-
-
total
130
180
-
-
Dividends
737
1 020
-
-
withholding
111
153
-
-
total
111
153
-
-
Income
1 200
1 200
1 200
1 200
Total tax
388
333
550
550
After tax
812
867
650
650
Living cost
187
187
187
187
Free-cash
625
680
463
463

Estimated living cost  is $187 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
$391
$387
$373
$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

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.

-
-
-
1 200
income
-
-
-
118
surtax
-
-
-
-
social contributions

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

-
-
-
417
total
-
-
-
535
Employee
420
-
970
-
social contributions
46
-
107
-
surtax
-
-
-
-
income
82
-
266
-
total
128
-
373
-
Employer
420
-
970
-
social contributions
100
-
230
-
total
100
-
230
-
Corporate
680
1 200
-
-
surtax
-
-
-
-
income
143
252
-
-
total
143
252
-
-
Dividends
537
948
-
-
withholding
150
265
-
-
total
150
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
521
517
603
535
After tax
679
683
597
665
Living cost
292
292
292
292
Free-cash
387
391
305
373

Estimated living cost  is $292 per week

$207
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
$427
$344
$274
$244
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
-
-
-
1 200
accident
-
-
-
9
income
-
-
-
244
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
545
Employee
523
-
910
-
other
1
-
1
-
income
109
-
227
-
pensions
25
-
43
-
unemployment
8
-
14
-
total
143
-
285
-
Employer
523
-
910
-
accident
10
-
18
-
other
4
-
7
-
unemployment
29
-
50
-
pensions
123
-
215
-
total
166
-
290
-
Corporate
510
1 200
-
-
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.

77
180
-
-
total
77
180
-
-
Dividends
434
1 020
-
-
withholding
89
212
-
-
total
89
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
475
392
575
545
After tax
725
808
625
655
Living cost
381
381
381
381
Free-cash
344
427
244
274

Estimated living cost  is $381 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$840
$774
$732
$773
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
-
-
-
1 200
income
-
-
-
180
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
282
Employee
247
-
1 126
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
113
-
pensions

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

22
-
33
-
total
61
-
167
-
Employer
247
-
1 126
-
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
905
1 200
-
-
income
90
120
-
-
total
90
120
-
-
Dividends
814
1 080
-
-
withholding
41
54
-
-
total
41
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
240
174
241
282
After tax
960
1 026
959
918
Living cost
186
186
186
186
Free-cash
774
840
773
732

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
$201
$343
$320
$420
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.

-
-
-
1 200
trade
-
-
-
100
income

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

-
-
-
273
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.

-
-
-
15
total
-
-
-
462
Employee

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

539
-
1 200
-
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
-
15
-
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
-
273
-
total
120
-
362
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
661
1 200
-
-
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
-
-
income
99
180
-
-
trade
95
172
-
-
chamber of commerce
3
3
-
-
total
202
365
-
-
Dividends
459
834
-
-
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
111
205
-
-
total
117
216
-
-
Income
1 200
1 200
1 200
1 200
Total tax
439
581
362
462
After tax
761
619
838
738
Living cost
418
418
418
418
Free-cash
343
201
420
320

Estimated living cost  is $418 per week

$288
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$223
$247
$173
$173
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
-
-
-
1 200
income
-
-
-
301
social contributions
-
-
-
109
total
-
-
-
410
Employee
847
-
1 200
-
income
160
-
301
-
social contributions
70
-
109
-
total
230
-
410
-
Employer
847
-
1 200
-
total
-
-
-
-
Corporate
353
1 200
-
-
income
44
150
-
-
total
44
150
-
-
Dividends
309
1 050
-
-
withholding
62
210
-
-
total
62
210
-
-
Income
1 200
1 200
1 200
1 200
Total tax
336
360
410
410
After tax
864
840
790
790
Living cost
617
617
617
617
Free-cash
247
223
173
173

Estimated living cost  is $617 per week

$469
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
$330
$367
$427
$490
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.

-
-
-
1 200
income
-
-
-
308
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
-
-
-
380
Employee
497
-
1 150
-
income
54
-
217
-
social contributions
50
-
50
-
total
104
-
267
-
Employer
497
-
1 150
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
653
1 200
-
-
income
229
420
-
-
total
229
420
-
-
Dividends
425
780
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 200
1 200
1 200
1 200
Total tax
440
477
317
380
After tax
760
723
883
820
Living cost
393
393
393
393
Free-cash
367
330
490
427

Estimated living cost  is $393 per week

$259
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
$459
$434
$446
$338
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
-
-
-
1 200
income
-
-
-
267
pensions
-
-
-
83
total
-
-
-
350
Employee
554
-
1 055
-
health
7
-
17
-
income
101
-
194
-
pensions
42
-
102
-
total
150
-
313
-
Employer
554
-
1 055
-
pensions
56
-
125
-
health
11
-
20
-
total
67
-
145
-
Corporate
579
1 200
-
-
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.

110
228
-
-
total
110
228
-
-
Dividends
469
972
-
-
withholding
35
109
-
-
total
35
109
-
-
Income
1 200
1 200
1 200
1 200
Total tax
362
337
458
350
After tax
838
863
742
850
Living cost
404
404
404
404
Free-cash
434
459
338
446

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
-$160
$57
$566
$372
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
-
-
-
1 200
accident
-
-
-
3
income
-
-
-
302
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
377
Employee
403
-
1 039
-
health
46
-
119
-
income
55
-
210
-
pensions
45
-
82
-
total
146
-
411
-
Employer
403
-
1 039
-
accident
7
-
17
-
unemployment
10
-
25
-
pensions
66
-
119
-
total
83
-
161
-
Corporate
714
1 200
-
-
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.

643
1 080
-
-
total
643
1 080
-
-
Dividends
71
120
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
886
1 103
572
377
After tax
314
97
628
823
Living cost
257
257
257
257
Free-cash
57
-160
372
566

Estimated living cost  is $257 per week

$188
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
$864
$822
$537
$630
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.

-
-
-
1 200
work injury
-
-
-
6
health insurance
-
-
-
89
income
-
-
-
187
pensions
-
-
-
221
unemployment
-
-
-
14
total
-
-
-
517
Employee

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

234
-
1 200
-
work injury
1
-
4
-
income
23
-
187
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
424
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
966
1 200
-
-
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%.

-
12
-
-
total
-
12
-
-
Dividends
966
1 188
-
-
withholding
145
178
-
-
total
145
178
-
-
Income
1 200
1 200
1 200
1 200
Total tax
232
190
424
517
After tax
968
1 010
776
683
Living cost
146
146
146
146
Free-cash
822
864
630
537

Estimated living cost  is $146 per week

$91
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
$201
$152
$164
$109
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
-
-
-
1 200
municipal
-
-
-
8
regional
-
-
-
25
national
-
-
-
263
social contributions
-
-
-
309
total
-
-
-
605
Employee
913
-
1 200
-
social contributions
308
-
405
-
regional
14
-
21
-
municipal
5
-
7
-
national
154
-
227
-
total
481
-
660
-
Employer
913
-
1 200
-
total
-
-
-
-
Corporate
287
1 200
-
-
nationa
69
288
-
-
municipal
14
58
-
-
total
83
346
-
-
Dividends
205
854
-
-
withholding
53
222
-
-
total
53
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
617
568
660
605
After tax
583
632
540
595
Living cost
431
431
431
431
Free-cash
152
201
109
164

Estimated living cost  is $431 per week

$303
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.
$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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