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

Valencia , Spain
$323
$349
$504
$447
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
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
290
other
-
-
-
1
total
-
-
-
547
Employee
409
-
910
-
other
-
-
1
-
income
79
-
225
-
unemployment
6
-
14
-
pensions
19
-
43
-
total
104
-
283
-
Employer
409
-
910
-
unemployment
23
-
50
-
pensions
97
-
215
-
other
3
-
7
-
accident
8
-
18
-
total
131
-
290
-
Corporate
660
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.

99
180
-
-
total
99
180
-
-
Dividends
561
1 020
-
-
withholding
115
212
-
-
total
115
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
449
392
573
547
After tax
751
808
627
653
Living cost
304
304
304
304
Free-cash
447
504
323
349

Estimated living cost  is $304 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$403
$353
$587
$512
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
-
-
-
154
health
-
-
-
53
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
total
-
-
-
552
Employee
402
-
958
-
income
69
-
170
-
health
6
-
13
-
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.

28
-
67
-
total
107
-
260
-
Employer
402
-
958
-
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.

68
-
163
-
other
20
-
48
-
accident
3
-
8
-
health
6
-
13
-
total
101
-
242
-
Corporate
697
1 200
-
-
income
146
252
-
-
total
146
252
-
-
Dividends
550
948
-
-
withholding
39
66
-
-
total
39
66
-
-
Income
1 200
1 200
1 200
1 200
Total tax
393
318
502
552
After tax
807
882
698
648
Living cost
295
295
295
295
Free-cash
512
587
403
353

Estimated living cost  is $295 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$811
$772
$881
$830
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
-
-
-
44
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
283
Employee
192
-
1 124
-
income
19
-
112
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
168
-
Employer
192
-
1 124
-
unemployment
1
-
2
-
pensions

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

21
-
43
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
76
-
Corporate
970
1 200
-
-
income
97
120
-
-
total
97
120
-
-
Dividends
873
1 080
-
-
withholding
44
54
-
-
total
44
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
225
174
244
283
After tax
975
1 026
956
917
Living cost
145
145
145
145
Free-cash
830
881
811
772

Estimated living cost  is $145 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Nice , France
$363
$311
$225
$291
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
-
-
-
127
social contributions
-
-
-
34
health
-
-
-
27
surtax
-
-
-
-
pensions
-
-
-
285
other
-
-
-
37
total
-
-
-
510
Employee
474
-
969
-
income
28
-
150
-
social contributions
14
-
28
-
surtax
-
-
-
-
pensions
54
-
50
-
total
96
-
228
-
Employer
474
-
969
-
unemployment
19
-
39
-
social contributions
1
-
3
-
pensions
78
-
87
-
other
16
-
33
-
health
33
-
68
-
total
147
-
230
-
Corporate
578
1 200
-
-
income
162
336
-
-
surtax
-
-
-
-
total
162
336
-
-
Dividends
416
864
-
-
withholding
53
111
-
-
surtax
-
-
-
-
social contributions
72
149
-
-
total
125
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
530
596
458
510
After tax
670
604
742
690
Living cost
379
379
379
379
Free-cash
291
225
363
311

Estimated living cost  is $379 per week

$239
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.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$144
$217
$118
$51
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
-
-
-
252
health
-
-
-
137
pensions
-
-
-
130
total
-
-
-
519
Employee
946
946
1 021
-
income

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

155
155
155
-
health
145
123
128
-
pensions
170
130
130
-
total
470
408
413
-
Employer
946
946
1 021
-
unemployment
34
34
37
-
pensions
66
66
71
-
health
66
66
71
-
total
166
166
179
-
Corporate
101
89
-
-
income
20
18
-
-
total
20
18
-
-
Dividends
80
71
-
-
withholding
12
11
-
-
income
17
15
-
-
total
29
26
-
-
Income
1 200
1 200
1 200
1 200
Total tax
685
618
592
519
After tax
515
582
608
681
Living cost
464
464
464
464
Free-cash
51
118
144
217

Estimated living cost  is $464 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$506
$398
$272
$394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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.

-
-
-
268
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
76
trade
-
-
-
108
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
-
-
-
467
Employee

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

423
-
1 200
-
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
-
268
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

76
-
76
-
surtax

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

1
-
15
-
total
89
-
359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
777
1 200
-
-
chamber of commerce
3
3
-
-
income
116
180
-
-
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
-
-
trade
122
189
-
-
total
247
382
-
-
Dividends
529
818
-
-
withholding
128
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.

7
11
-
-
total
135
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
471
593
359
467
After tax
729
607
841
733
Living cost
335
335
335
335
Free-cash
394
272
506
398

Estimated living cost  is $335 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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.

Larnaca , Cyprus
$582
$588
$621
$561
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
-
-
-
146
social contributions
-
-
-
179
health
-
-
-
31
total
-
-
-
356
Employee
851
851
1 089
-
income
93
79
143
-
social contributions
32
71
90
-
health
7
14
19
-
total
132
164
252
-
Employer
851
851
1 089
-
social contributions
32
71
90
-
health
7
16
20
-
total
39
87
110
-
Corporate
773
262
-
-
income
97
33
-
-
total
97
33
-
-
Dividends
676
229
-
-
withholding
115
39
-
-
total
115
39
-
-
Income
1 200
1 200
1 200
1 200
Total tax
383
323
362
356
After tax
817
877
838
844
Living cost
256
256
256
256
Free-cash
561
621
582
588

Estimated living cost  is $256 per week

$154
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.
$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
Lisbon , Portugal
$253
$320
$336
$324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
116
social contributions

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

-
-
-
417
surtax
-
-
-
-
total
-
-
-
533
Employee
509
-
970
-
income
106
-
263
-
social contributions
56
-
107
-
surtax
-
-
-
-
total
162
-
370
-
Employer
509
-
970
-
social contributions
121
-
230
-
total
121
-
230
-
Corporate
570
1 200
-
-
income
120
252
-
-
surtax
-
-
-
-
total
120
252
-
-
Dividends
450
948
-
-
withholding
126
265
-
-
total
126
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
529
517
600
533
After tax
671
683
600
667
Living cost
347
347
347
347
Free-cash
324
336
253
320

Estimated living cost  is $347 per week

$260
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.
$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
Batumi , Georgia
$880
$1108
$1060
$1045
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
100
-
1 200
-
income
20
-
240
-
total
20
-
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%.

1 100
1 200
-
-
total
-
-
-
-
Dividends
1 100
1 200
-
-
withholding
55
60
-
-
total
55
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
75
60
240
12
After tax
1 125
1 140
960
1 188
Living cost
80
80
80
80
Free-cash
1 045
1 060
880
1 108

Estimated living cost  is $80 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
$286
$320
$529
$437
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
-
-
-
244
health
-
-
-
118
unemployment
-
-
-
2
pensions
-
-
-
219
total
-
-
-
583
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.

490
-
1 038
-
income
84
-
226
-
health
32
-
67
-
unemployment
1
-
1
-
pensions
76
-
161
-
total
193
-
455
-
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.

490
-
1 038
-
unemployment
-
-
1
-
pensions
43
-
92
-
health
33
-
69
-
total
76
-
162
-
Corporate
634
1 200
-
-
income
120
228
-
-
total
120
228
-
-
Dividends
514
972
-
-
withholding
77
146
-
-
total
77
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
466
374
617
583
After tax
734
826
583
617
Living cost
297
297
297
297
Free-cash
437
529
286
320

Estimated living cost  is $297 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.
$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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$481
$411
$320
$359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 200
income
-
-
-
315
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
-
-
-
387
Employee
508
-
1 149
-
social contributions
51
-
51
-
income
55
-
215
-
total
106
-
266
-
Employer
508
-
1 149
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
641
1 200
-
-
income
224
420
-
-
total
224
420
-
-
Dividends
417
780
-
-
social contributions
58
58
-
-
total
58
58
-
-
Income
1 200
1 200
1 200
1 200
Total tax
439
478
317
387
After tax
761
722
883
813
Living cost
402
402
402
402
Free-cash
359
320
481
411

Estimated living cost  is $402 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$532
$535
$497
$503
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
social contributions
-
-
-
166
health
-
-
-
84
total
-
-
-
430
Employee
375
-
1 200
-
income
63
-
183
-
social contributions
52
-
166
-
health
26
-
84
-
total
141
-
433
-
Employer
375
-
1 200
-
total
-
-
-
-
Corporate
825
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%.

41
60
-
-
total
41
60
-
-
Dividends
783
1 140
-
-
withholding
117
171
-
-
health
55
80
-
-
social contributions
108
157
-
-
total
280
408
-
-
Income
1 200
1 200
1 200
1 200
Total tax
462
468
433
430
After tax
738
732
767
770
Living cost
235
235
235
235
Free-cash
503
497
532
535

Estimated living cost  is $235 per week

$157
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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$310
$286
$527
$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
-
-
-
1 200
income
-
-
-
103
social contributions
-
-
-
350
solidarity contribution
-
-
-
-
health
-
-
-
162
total
-
-
-
615
Employee
440
-
896
-
solidarity contribution
-
-
-
-
income
53
-
107
-
social contributions
29
-
58
-
health
59
-
121
-
total
141
-
286
-
Employer
440
-
896
-
social contributions
110
-
224
-
health
40
-
81
-
total
150
-
305
-
Corporate
610
1 200
-
-
income
116
228
-
-
total
116
228
-
-
Dividends
494
972
-
-
withholding
74
146
-
-
total
74
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
481
374
591
615
After tax
719
826
609
585
Living cost
299
299
299
299
Free-cash
420
527
310
286

Estimated living cost  is $299 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Tbilisi , Georgia
$836
$1064
$1016
$993
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
155
-
1 200
-
income
31
-
240
-
total
31
-
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%.

1 045
1 200
-
-
total
-
-
-
-
Dividends
1 045
1 200
-
-
withholding
52
60
-
-
total
52
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
83
60
240
12
After tax
1 117
1 140
960
1 188
Living cost
124
124
124
124
Free-cash
993
1 016
836
1 064

Estimated living cost  is $124 per week

$84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
$207
$155
$69
$145
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
-
-
-
127
social contributions
-
-
-
34
health
-
-
-
27
surtax
-
-
-
-
pensions
-
-
-
285
other
-
-
-
37
total
-
-
-
510
Employee
693
-
969
-
income
61
-
150
-
social contributions
20
-
28
-
surtax
-
-
-
-
pensions
78
-
50
-
total
159
-
228
-
Employer
693
-
969
-
unemployment
28
-
39
-
social contributions
2
-
3
-
pensions
114
-
87
-
other
24
-
33
-
health
49
-
68
-
total
217
-
230
-
Corporate
290
1 200
-
-
income
81
336
-
-
surtax
-
-
-
-
total
81
336
-
-
Dividends
209
864
-
-
withholding
27
111
-
-
surtax
-
-
-
-
social contributions
36
149
-
-
total
63
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
520
596
458
510
After tax
680
604
742
690
Living cost
535
535
535
535
Free-cash
145
69
207
155

Estimated living cost  is $535 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$456
$456
$676
$621
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
-
-
-
245
health
-
-
-
84
unemployment
-
-
-
12
pensions
-
-
-
212
total
-
-
-
553
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.

288
-
1 054
-
income
40
-
245
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
114
-
total
97
-
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.

288
-
1 054
-
unemployment
2
-
6
-
pensions
35
-
98
-
health
15
-
42
-
total
52
-
146
-
Corporate
861
1 200
-
-
income
129
180
-
-
total
129
180
-
-
Dividends
731
1 020
-
-
withholding
110
153
-
-
total
110
153
-
-
Income
1 200
1 200
1 200
1 200
Total tax
388
333
553
553
After tax
812
867
647
647
Living cost
191
191
191
191
Free-cash
621
676
456
456

Estimated living cost  is $191 per week

$129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$161
$219
-$225
$106
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
regional
-
-
-
46
national
-
-
-
11
health
-
-
-
3
city
-
-
-
13
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
pensions
-
-
-
110
total
-
-
-
207
Employee
906
-
1 074
-
regional
30
-
40
-
city
10
-
12
-
health
2
-
2
-
unemployment
-
-
-
-
national
4
-
8
-
pensions
76
-
90
-
total
122
-
152
-
Employer
906
-
1 074
-
unemployment
-
-
-
-
pensions
76
-
90
-
other

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

18
-
21
-
health
2
-
2
-
total
96
-
113
-
Corporate
188
1 200
-
-
regional
40
254
-
-
national
16
102
-
-
total
56
356
-
-
Dividends
132
844
-
-
withholding
46
295
-
-
total
46
295
-
-
Income
1 200
1 200
1 200
1 200
Total tax
320
651
265
207
After tax
880
549
935
993
Living cost
774
774
774
774
Free-cash
106
-225
161
219

Estimated living cost  is $774 per week

$503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
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.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
$252
$417
$365
$351
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
national
-
-
-
131
health
-
-
-
14
total
-
-
-
358
Employee
583
-
1 010
-
health
4
-
11
-
unemployment
9
-
15
-
national
10
-
73
-
municipal
95
-
165
-
pensions
39
-
68
-
total
157
-
332
-
Employer
583
-
1 010
-
unemployment
4
-
7
-
pensions
101
-
175
-
accident
1
-
1
-
health
4
-
8
-
total
110
-
191
-
Corporate
508
1 200
-
-
income
102
240
-
-
total
102
240
-
-
Dividends

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

305
720
-
-
national
-
40
-
-
municipal
55
130
-
-
total
55
170
-
-
Income
1 200
1 200
1 200
1 200
Total tax
424
410
523
358
After tax
776
790
677
842
Living cost
425
425
425
425
Free-cash
351
365
252
417

Estimated living cost  is $425 per week

$278
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.
$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

Additional information

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

Brussels , Belgium
$59
$149
$268
$104
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
-
-
-
395
social contributions
-
-
-
192
communal

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

-
-
-
60
total
-
-
-
647
Employee

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

792
-
929
-
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.

37
-
44
-
communal

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

41
-
48
-
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
243
-
297
-
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.

59
-
70
-
total
387
-
467
-
Employer

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

792
-
929
-
unemployment

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

12
-
14
-
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.

70
-
82
-
surtax
90
-
105
-
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
-
health

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

49
-
57
-
total
231
-
270
-
Corporate
177
1 200
-
-
income
35
240
-
-
surtax
1
5
-
-
total
36
245
-
-
Dividends
141
955
-
-
withholding

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

38
283
-
-
total
38
283
-
-
Income
1 200
1 200
1 200
1 200
Total tax
692
528
737
647
After tax
508
672
463
553
Living cost
404
404
404
404
Free-cash
104
268
59
149

Estimated living cost  is $404 per week

$260
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$189
$189
$203
$192
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
-
-
-
272
national
-
-
-
-
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
107
other
-
-
-
115
total
-
-
-
559
Employee
645
-
913
-
national
-
-
-
-
municipal
192
-
272
-
total
192
-
272
-
Employer
645
-
913
-
unemployment
17
-
24
-
pensions
70
-
99
-
other
75
-
106
-
accident
1
-
2
-
health
40
-
56
-
total
203
-
287
-
Corporate
353
1 200
-
-
income
78
264
-
-
total
78
264
-
-
Dividends
275
936
-
-
withholding
83
281
-
-
total
83
281
-
-
Income
1 200
1 200
1 200
1 200
Total tax
556
545
559
559
After tax
644
655
641
641
Living cost
452
452
452
452
Free-cash
192
203
189
189

Estimated living cost  is $452 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
$562
$340
$241
-$491
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
702
-
-
-
income
155
-
-
-
social contributions
58
-
8
-
total
213
-
8
-
Employer
702
-
-
-
social contributions
989
-
141
-
total
989
-
141
-
Corporate
-
1 200
-
-
income
-
264
-
-
total
-
264
-
-
Dividends
-
936
-
-
income
-
206
-
-
total
-
206
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 202
470
149
371
After tax
-2
730
1 051
829
Living cost
489
489
489
489
Free-cash
-491
241
562
340

Estimated living cost  is $489 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$479
$485
$518
$475
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
-
-
-
146
social contributions
-
-
-
179
health
-
-
-
31
total
-
-
-
356
Employee
851
851
1 089
-
income
89
79
143
-
social contributions
41
71
90
-
health
8
14
19
-
total
138
164
252
-
Employer
851
851
1 089
-
social contributions
41
71
90
-
health
9
16
20
-
total
50
87
110
-
Corporate
651
262
-
-
income
81
33
-
-
total
81
33
-
-
Dividends
570
229
-
-
withholding
97
39
-
-
total
97
39
-
-
Income
1 200
1 200
1 200
1 200
Total tax
366
323
362
356
After tax
834
877
838
844
Living cost
359
359
359
359
Free-cash
475
518
479
485

Estimated living cost  is $359 per week

$245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$338
$447
$460
$437
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
-
-
-
268
pensions
-
-
-
83
total
-
-
-
351
Employee
552
-
1 055
-
income
100
-
195
-
health
7
-
18
-
pensions
42
-
102
-
total
149
-
315
-
Employer
552
-
1 055
-
pensions
56
-
125
-
health
10
-
20
-
total
66
-
145
-
Corporate
582
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.

111
228
-
-
total
111
228
-
-
Dividends
472
972
-
-
withholding
35
110
-
-
total
35
110
-
-
Income
1 200
1 200
1 200
1 200
Total tax
361
338
460
351
After tax
839
862
740
849
Living cost
402
402
402
402
Free-cash
437
460
338
447

Estimated living cost  is $402 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
$101
$156
$191
$140
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
-
-
-
261
social contributions
-
-
-
309
total
-
-
-
603
Employee
933
-
1 200
-
regional
14
-
21
-
social contributions
315
-
405
-
national
158
-
225
-
municipal
6
-
7
-
total
493
-
658
-
Employer
933
-
1 200
-
total
-
-
-
-
Corporate
267
1 200
-
-
nationa
64
288
-
-
municipal
13
58
-
-
total
77
346
-
-
Dividends
190
854
-
-
withholding
49
222
-
-
total
49
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
619
568
658
603
After tax
581
632
542
597
Living cost
441
441
441
441
Free-cash
140
191
101
156

Estimated living cost  is $441 per week

$310
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.
$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
Gdansk , Poland
$403
$594
-$131
$63
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
-
-
-
305
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
378
Employee
359
-
1 043
-
income
49
-
214
-
health
41
-
119
-
pensions
40
-
79
-
total
130
-
412
-
Employer
359
-
1 043
-
unemployment
9
-
26
-
pensions
58
-
114
-
accident
6
-
17
-
total
73
-
157
-
Corporate
768
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.

691
1 080
-
-
total
691
1 080
-
-
Dividends
77
120
-
-
withholding
15
23
-
-
total
15
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
909
1 103
569
378
After tax
291
97
631
822
Living cost
228
228
228
228
Free-cash
63
-131
403
594

Estimated living cost  is $228 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
$414
$316
$193
$337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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.

-
-
-
268
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
76
trade
-
-
-
98
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
-
-
-
457
Employee

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

551
-
1 200
-
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.

45
-
268
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

76
-
76
-
surtax

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

3
-
15
-
total
124
-
359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
649
1 200
-
-
chamber of commerce
3
3
-
-
income
97
180
-
-
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
-
-
trade
93
172
-
-
total
198
365
-
-
Dividends
451
834
-
-
withholding
108
204
-
-
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
-
-
total
114
215
-
-
Income
1 200
1 200
1 200
1 200
Total tax
436
580
359
457
After tax
764
620
841
743
Living cost
427
427
427
427
Free-cash
337
193
414
316

Estimated living cost  is $427 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
$446
$409
$730
$638
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
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
surtax
-
-
-
-
total
-
-
-
561
Employee
324
-
967
-
income
58
-
185
-
social contributions

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

36
-
106
-
surtax
-
-
-
-
total
94
-
291
-
Employer
324
-
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.

78
-
233
-
surtax
-
-
-
-
total
78
-
233
-
Corporate
799
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%.

160
240
-
-
total
160
240
-
-
Dividends

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

639
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
332
240
524
561
After tax
868
960
676
639
Living cost
230
230
230
230
Free-cash
638
730
446
409

Estimated living cost  is $230 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Istanbul , Turkey
$542
$551
$605
$582
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
-
-
-
324
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
505
Employee
219
-
1 082
-
income
42
-
318
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
total
75
-
396
-
Employer
219
-
1 082
-
unemployment
4
-
10
-
pensions
24
-
58
-
health
21
-
50
-
total
49
-
118
-
Corporate
932
1 200
-
-
income
205
264
-
-
total
205
264
-
-
Dividends
727
936
-
-
withholding
145
187
-
-
total
145
187
-
-
Income
1 200
1 200
1 200
1 200
Total tax
474
451
514
505
After tax
726
749
686
695
Living cost
144
144
144
144
Free-cash
582
605
542
551

Estimated living cost  is $144 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$337
$356
$506
$469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
income
-
-
-
237
health
-
-
-
85
unemployment
-
-
-
3
surtax
-
-
-
30
pensions
-
-
-
240
other
-
-
-
-
total
-
-
-
595
Employee
373
-
991
-
other
-
-
-
-
income
63
-
219
-
health
10
-
25
-
unemployment
26
-
69
-
surtax
1
-
27
-
pensions
25
-
66
-
total
125
-
406
-
Employer
373
-
991
-
unemployment
12
-
31
-
pensions
50
-
132
-
other
-
-
-
-
health
17
-
45
-
total
79
-
208
-
Corporate
749
1 200
-
-
income
195
312
-
-
total
195
312
-
-
Dividends
554
888
-
-
withholding
83
133
-
-
total
83
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
482
445
614
595
After tax
718
755
586
605
Living cost
249
249
249
249
Free-cash
469
506
337
356

Estimated living cost  is $249 per week

$150
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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$1
$249
$320
$312
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
-
-
-
211
chamber of commerce
-
-
-
5
health
-
-
-
92
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
222
total
-
-
-
598
Employee
484
441
932
-
other
5
4
9
-
income
43
33
188
-
health
19
17
36
-
unemployment
15
13
28
-
pensions
50
45
95
-
total
132
112
356
-
Employer
484
441
932
-
unemployment
15
13
28
-
chamber of commerce
2
2
4
-
pensions
61
55
117
-
payroll
15
13
28
-
other
23
21
44