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
$436
$316
$335
$494
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
unemployment
-
-
-
7
income
-
-
-
233
other
-
-
-
1
accident
-
-
-
10
pensions
-
-
-
300
total
-
-
-
551
Employee
423
-
910
-
unemployment
7
-
14
-
pensions
20
-
43
-
income
81
-
222
-
other
-
-
1
-
total
108
-
280
-
Employer
423
-
910
-
pensions
100
-
215
-
accident
8
-
18
-
unemployment
23
-
50
-
other
3
-
7
-
total
134
-
290
-
Corporate
643
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.

96
180
-
-
total
96
180
-
-
Dividends
546
1 020
-
-
withholding
112
212
-
-
total
112
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
450
392
570
551
After tax
750
808
630
649
Living cost
314
314
314
314
Free-cash
436
494
316
335

Estimated living cost  is $314 per week

$212
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.
$66
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
$499
$394
$345
$577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
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
income
-
-
-
152
other
-
-
-
57
health
-
-
-
53
total
-
-
-
550
Employee
415
-
958
-
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.

29
-
67
-
income
71
-
169
-
total
110
-
259
-
Employer
415
-
958
-
health
6
-
13
-
pensions

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

71
-
163
-
accident
3
-
8
-
unemployment
4
-
10
-
other
21
-
48
-
total
105
-
242
-
Corporate
680
1 200
-
-
income
143
252
-
-
total
143
252
-
-
Dividends
538
948
-
-
withholding
38
66
-
-
total
38
66
-
-
Income
1 200
1 200
1 200
1 200
Total tax
396
318
501
550
After tax
804
882
699
650
Living cost
305
305
305
305
Free-cash
499
577
394
345

Estimated living cost  is $305 per week

$215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$824
$803
$763
$876
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
pensions

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

-
-
-
59
unemployment
-
-
-
2
income
-
-
-
180
health
-
-
-
46
total
-
-
-
287
Employee
199
-
1 122
-
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
-
35
-
income
20
-
112
-
total
48
-
169
-
Employer
199
-
1 122
-
health
14
-
28
-
pensions

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

22
-
44
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
39
-
78
-
Corporate
962
1 200
-
-
income
96
120
-
-
total
96
120
-
-
Dividends
866
1 080
-
-
withholding
43
54
-
-
total
43
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
226
174
247
287
After tax
974
1 026
953
913
Living cost
150
150
150
150
Free-cash
824
876
803
763

Estimated living cost  is $150 per week

$88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$283
$357
$300
$213
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
-
-
-
122
other
-
-
-
37
health
-
-
-
25
social contributions
-
-
-
34
pensions
-
-
-
291
surtax
-
-
-
-
total
-
-
-
509
Employee
489
-
972
-
pensions
55
-
48
-
income
29
-
147
-
social contributions
14
-
28
-
surtax
-
-
-
-
total
98
-
223
-
Employer
489
-
972
-
health
34
-
68
-
social contributions
1
-
3
-
pensions
80
-
85
-
unemployment
20
-
39
-
other
17
-
34
-
total
152
-
229
-
Corporate
558
1 200
-
-
income
156
336
-
-
surtax
-
-
-
-
total
156
336
-
-
Dividends
402
864
-
-
social contributions
69
149
-
-
surtax
-
-
-
-
withholding
51
111
-
-
total
120
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
526
596
452
509
After tax
674
604
748
691
Living cost
391
391
391
391
Free-cash
283
213
357
300

Estimated living cost  is $391 per week

$247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$32
$118
$202
$103
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
pensions
-
-
-
134
income
-
-
-
245
health
-
-
-
140
total
-
-
-
519
Employee
976
976
1 021
-
health
150
127
130
-
pensions
176
134
134
-
income

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

160
160
160
-
total
486
421
424
-
Employer
976
976
1 021
-
health
68
68
71
-
pensions
68
68
71
-
unemployment
35
35
37
-
total
171
171
179
-
Corporate
65
53
-
-
income
13
11
-
-
total
13
11
-
-
Dividends
52
43
-
-
income
11
9
-
-
withholding
8
6
-
-
total
19
15
-
-
Income
1 200
1 200
1 200
1 200
Total tax
689
618
603
519
After tax
511
582
597
681
Living cost
479
479
479
479
Free-cash
32
103
118
202

Estimated living cost  is $479 per week

$339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$388
$501
$396
$261
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
-
-
-
105
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.

-
-
-
261
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.

-
-
-
78
surtax

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

-
-
-
14
total
-
-
-
458
Employee

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

437
-
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.

78
-
78
-
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
-
261
-
surtax

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

1
-
14
-
total
91
-
353
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
763
1 200
-
-
income
114
180
-
-
trade
120
189
-
-
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
-
-
chamber of commerce
3
3
-
-
total
243
382
-
-
Dividends
519
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
125
200
-
-
total
132
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
466
593
353
458
After tax
734
607
847
742
Living cost
346
346
346
346
Free-cash
388
261
501
396

Estimated living cost  is $346 per week

$218
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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
$551
$578
$580
$613
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
-
-
-
139
health
-
-
-
31
social contributions
-
-
-
185
total
-
-
-
355
Employee
879
879
1 089
-
health
7
15
19
-
income
96
81
138
-
social contributions
33
73
90
-
total
136
169
247
-
Employer
879
879
1 089
-
health
7
16
20
-
social contributions
33
73
90
-
total
40
89
110
-
Corporate
759
232
-
-
income
95
29
-
-
total
95
29
-
-
Dividends
664
203
-
-
withholding
113
35
-
-
total
113
35
-
-
Income
1 200
1 200
1 200
1 200
Total tax
384
322
357
355
After tax
816
878
843
845
Living cost
265
265
265
265
Free-cash
551
613
578
580

Estimated living cost  is $265 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
$313
$246
$310
$325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
115
social contributions

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

-
-
-
417
surtax
-
-
-
-
total
-
-
-
532
Employee
526
-
970
-
income
109
-
259
-
social contributions
58
-
107
-
surtax
-
-
-
-
total
167
-
366
-
Employer
526
-
970
-
social contributions
125
-
230
-
total
125
-
230
-
Corporate
550
1 200
-
-
income
115
252
-
-
surtax
-
-
-
-
total
115
252
-
-
Dividends
434
948
-
-
withholding
122
265
-
-
total
122
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
529
517
596
532
After tax
671
683
604
668
Living cost
358
358
358
358
Free-cash
313
325
246
310

Estimated living cost  is $358 per week

$268
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.
$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
Batumi , Georgia
$1039
$875
$1103
$1055
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
107
-
1 200
-
income
21
-
240
-
total
21
-
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%.

1 093
1 200
-
-
total
-
-
-
-
Dividends
1 093
1 200
-
-
withholding
55
60
-
-
total
55
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
76
60
240
12
After tax
1 124
1 140
960
1 188
Living cost
85
85
85
85
Free-cash
1 039
1 055
875
1 103

Estimated living cost  is $85 per week

$53
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.
$23
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
$423
$277
$311
$519
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
pensions
-
-
-
219
unemployment
-
-
-
2
income
-
-
-
243
health
-
-
-
118
total
-
-
-
582
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.

505
-
1 038
-
health
33
-
67
-
unemployment
1
-
1
-
pensions
78
-
161
-
income
87
-
225
-
total
199
-
454
-
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.

505
-
1 038
-
health
34
-
69
-
pensions
45
-
92
-
unemployment
-
-
1
-
total
79
-
162
-
Corporate
616
1 200
-
-
income
117
228
-
-
total
117
228
-
-
Dividends
499
972
-
-
withholding
75
146
-
-
total
75
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
470
374
616
582
After tax
730
826
584
618
Living cost
307
307
307
307
Free-cash
423
519
277
311

Estimated living cost  is $307 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$344
$466
$388
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 200
income
-
-
-
325
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
-
-
-
397
Employee
524
-
1 147
-
social contributions
53
-
53
-
income
57
-
213
-
total
110
-
266
-
Employer
524
-
1 147
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
623
1 200
-
-
income
218
420
-
-
total
218
420
-
-
Dividends
405
780
-
-
social contributions
60
60
-
-
total
60
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
441
480
319
397
After tax
759
720
881
803
Living cost
415
415
415
415
Free-cash
344
305
466
388

Estimated living cost  is $415 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$495
$527
$528
$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
-
-
-
1 200
income
-
-
-
180
health
-
-
-
84
social contributions
-
-
-
166
total
-
-
-
430
Employee
387
-
1 200
-
health
27
-
84
-
income
65
-
181
-
social contributions
53
-
166
-
total
145
-
431
-
Employer
387
-
1 200
-
total
-
-
-
-
Corporate
813
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
772
1 140
-
-
social contributions
107
157
-
-
withholding
116
171
-
-
health
54
80
-
-
total
277
408
-
-
Income
1 200
1 200
1 200
1 200
Total tax
463
468
431
430
After tax
737
732
769
770
Living cost
242
242
242
242
Free-cash
495
490
527
528

Estimated living cost  is $242 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$395
$290
$266
$507
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
social contributions
-
-
-
350
solidarity contribution
-
-
-
-
total
-
-
-
615
Employee
470
-
896
-
health
63
-
121
-
solidarity contribution
-
-
-
-
income
56
-
107
-
social contributions
31
-
58
-
total
150
-
286
-
Employer
470
-
896
-
health
42
-
81
-
social contributions
117
-
224
-
total
159
-
305
-
Corporate
571
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
486
374
591
615
After tax
714
826
609
585
Living cost
319
319
319
319
Free-cash
395
507
290
266

Estimated living cost  is $319 per week

$237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$982
$827
$1055
$1007
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
166
-
1 200
-
income
33
-
240
-
total
33
-
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%.

1 034
1 200
-
-
total
-
-
-
-
Dividends
1 034
1 200
-
-
withholding
52
60
-
-
total
52
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
85
60
240
12
After tax
1 115
1 140
960
1 188
Living cost
133
133
133
133
Free-cash
982
1 007
827
1 055

Estimated living cost  is $133 per week

$90
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.
$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.
$33
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
$132
$196
$139
$52
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
-
-
-
122
other
-
-
-
37
health
-
-
-
25
social contributions
-
-
-
34
pensions
-
-
-
291
surtax
-
-
-
-
total
-
-
-
509
Employee
716
-
972
-
pensions
81
-
48
-
income
62
-
147
-
social contributions
20
-
28
-
surtax
-
-
-
-
total
163
-
223
-
Employer
716
-
972
-
health
50
-
68
-
social contributions
2
-
3
-
pensions
118
-
85
-
unemployment
29
-
39
-
other
25
-
34
-
total
224
-
229
-
Corporate
261
1 200
-
-
income
73
336
-
-
surtax
-
-
-
-
total
73
336
-
-
Dividends
188
864
-
-
social contributions
32
149
-
-
surtax
-
-
-
-
withholding
24
111
-
-
total
56
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
516
596
452
509
After tax
684
604
748
691
Living cost
552
552
552
552
Free-cash
132
52
196
139

Estimated living cost  is $552 per week

$374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$615
$446
$444
$670
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
pensions
-
-
-
219
unemployment
-
-
-
13
income
-
-
-
240
health
-
-
-
87
total
-
-
-
559
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.

297
-
1 049
-
health
15
-
43
-
unemployment
2
-
6
-
pensions
42
-
118
-
income
41
-
240
-
total
100
-
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.

297
-
1 049
-
health
15
-
43
-
pensions
36
-
101
-
unemployment
2
-
6
-
total
53
-
150
-
Corporate
850
1 200
-
-
income
127
180
-
-
total
127
180
-
-
Dividends
722
1 020
-
-
withholding
108
153
-
-
total
108
153
-
-
Income
1 200
1 200
1 200
1 200
Total tax
388
333
557
559
After tax
812
867
643
641
Living cost
197
197
197
197
Free-cash
615
670
446
444

Estimated living cost  is $197 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Source
Zurich , Switzerland
$94
$140
$198
-$247
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
pensions
-
-
-
110
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
health
-
-
-
3
regional
-
-
-
46
national
-
-
-
10
total
-
-
-
206
Employee
931
-
1 074
-
health
2
-
2
-
unemployment
-
-
-
-
city
10
-
12
-
pensions
78
-
90
-
regional
30
-
39
-
national
4
-
8
-
total
124
-
151
-
Employer
931
-
1 074
-
health
2
-
2
-
pensions
78
-
90
-
unemployment
-
-
-
-
other

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

19
-
21
-
total
99
-
113
-
Corporate
159
1 200
-
-
regional
34
254
-
-
national
14
102
-
-
total
48
356
-
-
Dividends
112
844
-
-
withholding
39
295
-
-
total
39
295
-
-
Income
1 200
1 200
1 200
1 200
Total tax
310
651
264
206
After tax
890
549
936
994
Living cost
796
796
796
796
Free-cash
94
-247
140
198

Estimated living cost  is $796 per week

$518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$71
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.
$197
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
$336
$240
$406
$354
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
-
-
-
214
health
-
-
-
14
national
-
-
-
127
total
-
-
-
355
Employee
601
-
1 010
-
health
4
-
11
-
unemployment
9
-
15
-
pensions
41
-
68
-
national
10
-
71
-
municipal
98
-
165
-
total
162
-
330
-
Employer
601
-
1 010
-
health
5
-
8
-
pensions
104
-
175
-
accident
1
-
1
-
unemployment
4
-
7
-
total
114
-
191
-
Corporate
485
1 200
-
-
income
97
240
-
-
total
97
240
-
-
Dividends

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

291
720
-
-
municipal
52
130
-
-
national
-
37
-
-
total
52
167
-
-
Income
1 200
1 200
1 200
1 200
Total tax
425
407
521
355
After tax
775
793
679
845
Living cost
439
439
439
439
Free-cash
336
354
240
406

Estimated living cost  is $439 per week

$287
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.
$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

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
$85
$48
$139
$256
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
communal

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

-
-
-
61
social contributions
-
-
-
190
national
-
-
-
393
total
-
-
-
644
Employee

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

817
-
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.

38
-
44
-
communal

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

43
-
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
-
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.

61
-
70
-
national
251
-
295
-
total
400
-
465
-
Employer

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

817
-
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.

50
-
57
-
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.

72
-
82
-
surtax
93
-
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.

11
-
12
-
unemployment

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

12
-
14
-
total
238
-
270
-
Corporate
145
1 200
-
-
income
29
240
-
-
surtax
1
5
-
-
total
30
245
-
-
Dividends
115
955
-
-
withholding

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

30
282
-
-
total
30
282
-
-
Income
1 200
1 200
1 200
1 200
Total tax
698
527
735
644
After tax
502
673
465
556
Living cost
417
417
417
417
Free-cash
85
256
48
139

Estimated living cost  is $417 per week

$268
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.
$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.
$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
Stockholm , Sweden
$151
$148
$130
$162
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
unemployment
-
-
-
1
municipal
-
-
-
265
other
-
-
-
125
health
-
-
-
67
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
117
total
-
-
-
577
Employee
702
-
913
-
national
-
-
-
-
municipal
209
-
272
-
total
209
-
272
-
Employer
702
-
913
-
health
43
-
56
-
pensions
76
-
99
-
accident
1
-
2
-
unemployment
19
-
24
-
other
82
-
106
-
total
221
-
287
-
Corporate
277
1 200
-
-
income
61
264
-
-
total
61
264
-
-
Dividends
216
936
-
-
withholding
65
281
-
-
total
65
281
-
-
Income
1 200
1 200
1 200
1 200
Total tax
556
545
559
577
After tax
644
655
641
623
Living cost
493
493
493
493
Free-cash
151
162
148
130

Estimated living cost  is $493 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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
Oslo , Norway
-$673
$493
$287
$188
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
777
-
-
-
income
171
-
-
-
social contributions
64
-
9
-
total
235
-
9
-
Employer
777
-
-
-
social contributions
1 096
-
156
-
total
1 096
-
156
-
Corporate
-
1 200
-
-
income
-
264
-
-
total
-
264
-
-
Dividends
-
936
-
-
income
-
206
-
-
total
-
206
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 331
470
165
371
After tax
-131
730
1 035
829
Living cost
542
542
542
542
Free-cash
-673
188
493
287

Estimated living cost  is $542 per week

$352
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.
$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.
$132
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
$459
$472
$474
$507
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
-
-
-
139
health
-
-
-
31
social contributions
-
-
-
185
total
-
-
-
355
Employee
879
879
1 089
-
health
9
15
19
-
income
92
81
138
-
social contributions
43
73
90
-
total
144
169
247
-
Employer
879
879
1 089
-
health
10
16
20
-
social contributions
43
73
90
-
total
53
89
110
-
Corporate
633
232
-
-
income
79
29
-
-
total
79
29
-
-
Dividends
554
203
-
-
withholding
94
35
-
-
total
94
35
-
-
Income
1 200
1 200
1 200
1 200
Total tax
370
322
357
355
After tax
830
878
843
845
Living cost
371
371
371
371
Free-cash
459
507
472
474

Estimated living cost  is $371 per week

$253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$428
$335
$443
$457
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
-
-
-
265
pensions
-
-
-
84
total
-
-
-
349
Employee
561
-
1 055
-
health
7
-
17
-
pensions
43
-
102
-
income
102
-
193
-
total
152
-
312
-
Employer
561
-
1 055
-
health
11
-
20
-
pensions
57
-
125
-
total
68
-
145
-
Corporate
572
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.

109
228
-
-
total
109
228
-
-
Dividends
463
972
-
-
withholding
35
107
-
-
total
35
107
-
-
Income
1 200
1 200
1 200
1 200
Total tax
364
335
457
349
After tax
836
865
743
851
Living cost
408
408
408
408
Free-cash
428
457
335
443

Estimated living cost  is $408 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
$124
$90
$145
$177
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
-
-
-
24
social contributions
-
-
-
309
national
-
-
-
259
total
-
-
-
600
Employee
963
-
1 200
-
social contributions
325
-
405
-
regional
15
-
21
-
national
163
-
222
-
municipal
6
-
7
-
total
509
-
655
-
Employer
963
-
1 200
-
total
-
-
-
-
Corporate
237
1 200
-
-
nationa
57
288
-
-
municipal
11
58
-
-
total
68
346
-
-
Dividends
169
854
-
-
withholding
44
222
-
-
total
44
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
621
568
655
600
After tax
579
632
545
600
Living cost
455
455
455
455
Free-cash
124
177
90
145

Estimated living cost  is $455 per week

$320
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.
$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
Gdansk , Poland
$61
$384
$581
-$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
pensions
-
-
-
46
income
-
-
-
300
other
-
-
-
4
health
-
-
-
24
accident
-
-
-
3
total
-
-
-
377
Employee
381
-
1 036
-
health
44
-
119
-
pensions
43
-
84
-
income
52
-
208
-
total
139
-
411
-
Employer
381
-
1 036
-
pensions
62
-
121
-
accident
6
-
17
-
unemployment
9
-
25
-
total
77
-
163
-
Corporate
742
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.

667
1 080
-
-
total
667
1 080
-
-
Dividends
74
120
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
897
1 103
574
377
After tax
303
97
626
823
Living cost
242
242
242
242
Free-cash
61
-145
384
581

Estimated living cost  is $242 per week

$177
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.
$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.

Berlin , Germany
$326
$406
$310
$179
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
-
-
-
96
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.

-
-
-
261
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.

-
-
-
78
surtax

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

-
-
-
14
total
-
-
-
449
Employee

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

569
-
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.

78
-
78
-
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
-
261
-
surtax

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

3
-
14
-
total
128
-
353
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
631
1 200
-
-
income
95
180
-
-
trade
91
172
-
-
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
-
-
chamber of commerce
3
3
-
-
total
194
365
-
-
Dividends
438
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
105
204
-
-
total
111
215
-
-
Income
1 200
1 200
1 200
1 200
Total tax
433
580
353
449
After tax
767
620
847
751
Living cost
441
441
441
441
Free-cash
326
179
406
310

Estimated living cost  is $441 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
$629
$438
$402
$722
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
income
-
-
-
174
microenterprise
-
-
-
-
social contributions

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

-
-
-
386
surtax
-
-
-
-
total
-
-
-
560
Employee
334
-
967
-
income
59
-
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.

37
-
106
-
surtax
-
-
-
-
total
96
-
291
-
Employer
334
-
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.

80
-
233
-
surtax
-
-
-
-
total
80
-
233
-
Corporate
786
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%.

157
240
-
-
total
157
240
-
-
Dividends

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

629
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
333
240
524
560
After tax
867
960
676
640
Living cost
238
238
238
238
Free-cash
629
722
438
402

Estimated living cost  is $238 per week

$152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$587
$548
$558
$609
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
-
-
-
326
health
-
-
-
74
pensions
-
-
-
102
total
-
-
-
502
Employee
214
-
1 085
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
19
-
46
-
income
41
-
320
-
total
73
-
397
-
Employer
214
-
1 085
-
health
20
-
49
-
pensions
24
-
56
-
unemployment
4
-
10
-
total
48
-
115
-
Corporate
938
1 200
-
-
income
206
264
-
-
total
206
264
-
-
Dividends
732
936
-
-
withholding
146
187
-
-
total
146
187
-
-
Income
1 200
1 200
1 200
1 200
Total tax
473
451
512
502
After tax
727
749
688
698
Living cost
140
140
140
140
Free-cash
587
609
548
558

Estimated living cost  is $140 per week

$83
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.
$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.
$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
Athens , Greece
$461
$333
$354
$498
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
pensions
-
-
-
240
unemployment
-
-
-
3
income
-
-
-
232
other
-
-
-
-
health
-
-
-
85
surtax
-
-
-
29
total
-
-
-
589
Employee
385
-
991
-
health
10
-
25
-
unemployment
27
-
69
-
pensions
26
-
66
-
income
65
-
216
-
other
-
-
-
-
surtax
1
-
26
-
total
129
-
402
-
Employer
385
-
991
-
health
18
-
45
-
pensions
51
-
132
-
unemployment
12
-
31
-
other
-
-
-
-
total
81
-
208
-
Corporate
734
1 200
-
-
income
191
312
-
-
total
191
312
-
-
Dividends
543
888
-
-
withholding
81
133
-
-
total
81
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
482
445
610
589
After tax
718
755
590
611
Living cost
257
257
257
257
Free-cash
461
498
333
354

Estimated living cost  is $257 per week

$155
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.
$73
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
$302
-$7
$240
$305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
pensions
-
-
-
222
chamber of commerce
-
-
-
5
unemployment
-
-
-
70
income
-
-
-
206
health
-
-
-
92
surtax
-
-
-
-
total
-
-
-
595
Employee
500
455
932
-
health
19
18
36
-
unemployment
15
14
28
-
pensions
51
47
95
-
income
45
34
184
-
other
5
5
9
-
total
135
118
352
-
Employer
500
455
932
-
health
19
17
35
-
pensions
63
57
117
-
surtax
-
-
-
-
accident
6
6
12
-
unemployment
15
14
28