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
$ 1250
per

Your estimated
City
free-cash

Valencia , Spain
$343
$379
$536
$480
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
-
-
-
1 250
income
-
-
-
258
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
291
other
-
-
-
1
total
-
-
-
566
Employee
410
-
948
-
other
-
-
1
-
income
79
-
238
-
unemployment
6
-
15
-
pensions
19
-
45
-
total
104
-
299
-
Employer
410
-
948
-
unemployment
23
-
52
-
pensions
97
-
224
-
other
3
-
8
-
accident
8
-
19
-
total
131
-
303
-
Corporate
709
1 250
-
-
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.

106
188
-
-
total
106
188
-
-
Dividends
603
1 062
-
-
withholding
124
221
-
-
total
124
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
465
409
602
566
After tax
785
841
648
684
Living cost
305
305
305
305
Free-cash
480
536
343
379

Estimated living cost  is $305 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
$429
$378
$623
$548
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
-
-
-
1 250
income
-
-
-
162
health
-
-
-
55
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.

-
-
-
300
other
-
-
-
59
total
-
-
-
576
Employee
403
-
998
-
income
69
-
179
-
health
6
-
14
-
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
-
70
-
total
107
-
273
-
Employer
403
-
998
-
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
-
170
-
other
20
-
50
-
accident
3
-
8
-
health
6
-
14
-
total
101
-
252
-
Corporate
746
1 250
-
-
income
157
262
-
-
total
157
262
-
-
Dividends
589
988
-
-
withholding
41
69
-
-
total
41
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
406
331
525
576
After tax
844
919
725
674
Living cost
296
296
296
296
Free-cash
548
623
429
378

Estimated living cost  is $296 per week

$209
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
$856
$814
$924
$873
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
-
-
-
1 250
income
-
-
-
188
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
-
-
-
291
Employee
192
-
1 174
-
income
19
-
117
-
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
-
173
-
Employer
192
-
1 174
-
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
1 020
1 250
-
-
income
102
125
-
-
total
102
125
-
-
Dividends
918
1 125
-
-
withholding
46
56
-
-
total
46
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
232
181
249
291
After tax
1 018
1 069
1 001
959
Living cost
145
145
145
145
Free-cash
873
924
856
814

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
$385
$335
$250
$315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
139
social contributions
-
-
-
36
health
-
-
-
31
surtax
-
-
-
-
pensions
-
-
-
290
other
-
-
-
39
total
-
-
-
535
Employee
475
-
1 006
-
income
28
-
159
-
social contributions
14
-
29
-
surtax
-
-
-
-
pensions
54
-
53
-
total
96
-
241
-
Employer
475
-
1 006
-
unemployment
19
-
41
-
social contributions
1
-
3
-
pensions
78
-
92
-
other
16
-
35
-
health
33
-
73
-
total
147
-
244
-
Corporate
627
1 250
-
-
income
176
350
-
-
surtax
-
-
-
-
total
176
350
-
-
Dividends
451
900
-
-
withholding
58
115
-
-
surtax
-
-
-
-
social contributions
78
155
-
-
total
136
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
555
620
485
535
After tax
695
630
765
715
Living cost
380
380
380
380
Free-cash
315
250
385
335

Estimated living cost  is $380 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
$184
$248
$144
$75
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
-
-
-
1 250
income
-
-
-
270
health
-
-
-
137
pensions
-
-
-
130
total
-
-
-
537
Employee
947
947
1 064
-
income

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

155
155
155
-
health
145
124
130
-
pensions
171
130
130
-
total
471
409
415
-
Employer
947
947
1 064
-
unemployment
34
34
38
-
pensions
66
66
74
-
health
66
66
74
-
total
166
166
186
-
Corporate
148
137
-
-
income
30
27
-
-
total
30
27
-
-
Dividends
119
109
-
-
withholding
18
16
-
-
income
25
23
-
-
total
43
39
-
-
Income
1 250
1 250
1 250
1 250
Total tax
710
641
601
537
After tax
540
609
649
713
Living cost
465
465
465
465
Free-cash
75
144
184
248

Estimated living cost  is $465 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
$534
$418
$296
$418
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.

-
-
-
1 250
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.

-
-
-
288
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
-
-
-
116
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.

-
-
-
16
total
-
-
-
496
Employee

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

424
-
1 250
-
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
-
288
-
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
-
16
-
total
89
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
826
1 250
-
-
chamber of commerce
3
3
-
-
income
124
188
-
-
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
10
-
-
trade
130
197
-
-
total
264
398
-
-
Dividends
562
852
-
-
withholding
136
209
-
-
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
143
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
496
618
380
496
After tax
754
632
870
754
Living cost
336
336
336
336
Free-cash
418
296
534
418

Estimated living cost  is $336 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
$610
$621
$656
$597
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
-
-
-
1 250
income
-
-
-
160
social contributions
-
-
-
180
health
-
-
-
32
total
-
-
-
372
Employee
853
853
1 135
-
income
93
79
155
-
social contributions
32
71
94
-
health
7
15
19
-
total
132
165
268
-
Employer
853
853
1 135
-
social contributions
32
71
94
-
health
7
16
21
-
total
39
87
115
-
Corporate
822
310
-
-
income
103
39
-
-
total
103
39
-
-
Dividends
719
272
-
-
withholding
122
46
-
-
total
122
46
-
-
Income
1 250
1 250
1 250
1 250
Total tax
396
337
383
372
After tax
854
913
867
878
Living cost
257
257
257
257
Free-cash
597
656
610
621

Estimated living cost  is $257 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
$272
$345
$364
$352
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.

-
-
-
1 250
income
-
-
-
123
social contributions

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

-
-
-
434
surtax
-
-
-
-
total
-
-
-
557
Employee
510
-
1 010
-
income
106
-
279
-
social contributions
56
-
111
-
surtax
-
-
-
-
total
162
-
390
-
Employer
510
-
1 010
-
social contributions
121
-
240
-
total
121
-
240
-
Corporate
619
1 250
-
-
income
130
262
-
-
surtax
-
-
-
-
total
130
262
-
-
Dividends
489
988
-
-
withholding
137
276
-
-
total
137
276
-
-
Income
1 250
1 250
1 250
1 250
Total tax
550
538
630
557
After tax
700
712
620
693
Living cost
348
348
348
348
Free-cash
352
364
272
345

Estimated living cost  is $348 per week

$260
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.
$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
$920
$1158
$1108
$1092
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%.

-
-
-
1 250
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
-
1 250
-
income
20
-
250
-
total
20
-
250
-
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%.

1 150
1 250
-
-
total
-
-
-
-
Dividends
1 150
1 250
-
-
withholding
58
62
-
-
total
58
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
78
62
250
12
After tax
1 172
1 188
1 000
1 238
Living cost
80
80
80
80
Free-cash
1 092
1 108
920
1 158

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
$305
$343
$562
$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

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.

-
-
-
1 250
income
-
-
-
256
health
-
-
-
123
unemployment
-
-
-
2
pensions
-
-
-
228
total
-
-
-
609
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.

491
-
1 082
-
income
85
-
238
-
health
32
-
70
-
unemployment
1
-
2
-
pensions
76
-
168
-
total
194
-
478
-
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.

491
-
1 082
-
unemployment
-
-
1
-
pensions
43
-
96
-
health
33
-
72
-
total
76
-
169
-
Corporate
683
1 250
-
-
income
130
238
-
-
total
130
238
-
-
Dividends
553
1 012
-
-
withholding
83
152
-
-
total
83
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
483
390
647
609
After tax
767
860
603
641
Living cost
298
298
298
298
Free-cash
469
562
305
343

Estimated living cost  is $298 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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$517
$459
$350
$389
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.

-
-
-
1 250
income
-
-
-
316
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
-
-
-
388
Employee
509
-
1 199
-
social contributions
51
-
51
-
income
55
-
228
-
total
106
-
279
-
Employer
509
-
1 199
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
690
1 250
-
-
income
242
438
-
-
total
242
438
-
-
Dividends
449
812
-
-
social contributions
59
59
-
-
total
59
59
-
-
Income
1 250
1 250
1 250
1 250
Total tax
458
497
330
388
After tax
792
753
920
862
Living cost
403
403
403
403
Free-cash
389
350
517
459

Estimated living cost  is $403 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.
$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
Vilnius , Lithuania
$563
$568
$527
$532
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
-
-
-
1 250
income
-
-
-
188
social contributions
-
-
-
172
health
-
-
-
87
total
-
-
-
447
Employee
376
-
1 250
-
income
63
-
193
-
social contributions
52
-
172
-
health
26
-
87
-
total
141
-
452
-
Employer
376
-
1 250
-
total
-
-
-
-
Corporate
874
1 250
-
-
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%.

44
63
-
-
total
44
63
-
-
Dividends
830
1 187
-
-
withholding
125
178
-
-
health
58
83
-
-
social contributions
115
164
-
-
total
298
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
483
488
452
447
After tax
767
762
798
803
Living cost
235
235
235
235
Free-cash
532
527
563
568

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.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$334
$320
$560
$453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
110
social contributions
-
-
-
351
solidarity contribution
-
-
-
-
health
-
-
-
169
total
-
-
-
630
Employee
442
-
933
-
solidarity contribution
-
-
-
-
income
53
-
112
-
social contributions
29
-
61
-
health
60
-
126
-
total
142
-
299
-
Employer
442
-
933
-
social contributions
110
-
233
-
health
40
-
84
-
total
150
-
317
-
Corporate
658
1 250
-
-
income
125
238
-
-
total
125
238
-
-
Dividends
533
1 012
-
-
withholding
80
152
-
-
total
80
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
497
390
616
630
After tax
753
860
634
620
Living cost
300
300
300
300
Free-cash
453
560
334
320

Estimated living cost  is $300 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
$876
$1114
$1064
$1040
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%.

-
-
-
1 250
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
-
1 250
-
income
31
-
250
-
total
31
-
250
-
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%.

1 095
1 250
-
-
total
-
-
-
-
Dividends
1 095
1 250
-
-
withholding
55
62
-
-
total
55
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
86
62
250
12
After tax
1 164
1 188
1 000
1 238
Living cost
124
124
124
124
Free-cash
1 040
1 064
876
1 114

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
$229
$179
$94
$169
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
-
-
-
1 250
income
-
-
-
139
social contributions
-
-
-
36
health
-
-
-
31
surtax
-
-
-
-
pensions
-
-
-
290
other
-
-
-
39
total
-
-
-
535
Employee
695
-
1 006
-
income
61
-
159
-
social contributions
20
-
29
-
surtax
-
-
-
-
pensions
79
-
53
-
total
160
-
241
-
Employer
695
-
1 006
-
unemployment
28
-
41
-
social contributions
2
-
3
-
pensions
114
-
92
-
other
24
-
35
-
health
49
-
73
-
total
217
-
244
-
Corporate
338
1 250
-
-
income
95
350
-
-
surtax
-
-
-
-
total
95
350
-
-
Dividends
243
900
-
-
withholding
31
115
-
-
surtax
-
-
-
-
social contributions
42
155
-
-
total
73
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
545
620
485
535
After tax
705
630
765
715
Living cost
536
536
536
536
Free-cash
169
94
229
179

Estimated living cost  is $536 per week

$363
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
$489
$488
$713
$658
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.

-
-
-
1 250
income
-
-
-
262
health
-
-
-
84
unemployment
-
-
-
12
pensions
-
-
-
213
total
-
-
-
571
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
-
1 104
-
income
40
-
262
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
114
-
total
97
-
424
-
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
-
1 104
-
unemployment
2
-
6
-
pensions
35
-
98
-
health
15
-
42
-
total
52
-
146
-
Corporate
910
1 250
-
-
income
136
187
-
-
total
136
187
-
-
Dividends
773
1 063
-
-
withholding
116
159
-
-
total
116
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
401
346
570
571
After tax
849
904
680
679
Living cost
191
191
191
191
Free-cash
658
713
489
488

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
$195
$258
-$203
$129
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
-
-
-
1 250
regional
-
-
-
49
national
-
-
-
12
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.

-
-
-
25
pensions
-
-
-
115
total
-
-
-
217
Employee
907
-
1 119
-
regional
30
-
43
-
city
10
-
12
-
health
2
-
3
-
unemployment
-
-
-
-
national
4
-
9
-
pensions
76
-
94
-
total
122
-
161
-
Employer
907
-
1 119
-
unemployment
-
-
-
-
pensions
76
-
94
-
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
-
22
-
health
2
-
3
-
total
96
-
119
-
Corporate
237
1 250
-
-
regional
50
264
-
-
national
20
106
-
-
total
70
370
-
-
Dividends
166
879
-
-
withholding
58
308
-
-
total
58
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
346
678
280
217
After tax
904
572
970
1 033
Living cost
775
775
775
775
Free-cash
129
-203
195
258

Estimated living cost  is $775 per week

$504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$70
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$274
$446
$394
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
municipal
-
-
-
222
national
-
-
-
141
health
-
-
-
15
total
-
-
-
378
Employee
584
-
1 052
-
health
4
-
12
-
unemployment
9
-
16
-
national
10
-
81
-
municipal
96
-
172
-
pensions
39
-
71
-
total
158
-
352
-
Employer
584
-
1 052
-
unemployment
4
-
7
-
pensions
101
-
182
-
accident
1
-
1
-
health
4
-
8
-
total
110
-
198
-
Corporate
556
1 250
-
-
income
111
250
-
-
total
111
250
-
-
Dividends

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

334
750
-
-
national
-
45
-
-
municipal
60
135
-
-
total
60
180
-
-
Income
1 250
1 250
1 250
1 250
Total tax
439
430
550
378
After tax
811
820
700
872
Living cost
426
426
426
426
Free-cash
385
394
274
446

Estimated living cost  is $426 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
$74
$166
$296
$129
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
-
-
-
1 250
national
-
-
-
415
social contributions
-
-
-
201
communal

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

-
-
-
63
total
-
-
-
679
Employee

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

794
-
968
-
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
-
45
-
communal

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

41
-
50
-
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
244
-
312
-
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.

60
-
73
-
total
389
-
488
-
Employer

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

794
-
968
-
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
-
86
-
surtax
90
-
110
-
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
-
13
-
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
-
60
-
total
231
-
283
-
Corporate
225
1 250
-
-
income
45
250
-
-
surtax
1
5
-
-
total
46
255
-
-
Dividends
179
995
-
-
withholding

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

50
294
-
-
total
50
294
-
-
Income
1 250
1 250
1 250
1 250
Total tax
716
549
771
679
After tax
534
701
479
571
Living cost
404
404
404
404
Free-cash
129
296
74
166

Estimated living cost  is $404 per week

$261
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
$211
$216
$228
$219
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
-
-
-
1 250
municipal
-
-
-
287
national
-
-
-
4
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
108
other
-
-
-
116
total
-
-
-
580
Employee
648
-
951
-
national
-
-
2
-
municipal
193
-
284
-
total
193
-
286
-
Employer
648
-
951
-
unemployment
17
-
25
-
pensions
70
-
103
-
other
75
-
111
-
accident
1
-
2
-
health
40
-
58
-
total
203
-
299
-
Corporate
399
1 250
-
-
income
88
275
-
-
total
88
275
-
-
Dividends
311
975
-
-
withholding
93
293
-
-
total
93
293
-
-
Income
1 250
1 250
1 250
1 250
Total tax
577
568
585
580
After tax
673
682
665
670
Living cost
454
454
454
454
Free-cash
219
228
211
216

Estimated living cost  is $454 per week

$301
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.
$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.
$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
Oslo , Norway
$610
$372
$270
-$446
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
-
-
-
1 250
income
-
-
-
244
social contributions
-
-
-
143
total
-
-
-
387
Employee
703
-
-
-
income
155
-
-
-
social contributions
58
-
8
-
total
213
-
8
-
Employer
703
-
-
-
social contributions
992
-
141
-
total
992
-
141
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
214
-
-
total
-
214
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 205
489
149
387
After tax
45
761
1 101
863
Living cost
491
491
491
491
Free-cash
-446
270
610
372

Estimated living cost  is $491 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
$507
$518
$553
$510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
160
social contributions
-
-
-
180
health
-
-
-
32
total
-
-
-
372
Employee
853
853
1 135
-
income
90
79
155
-
social contributions
41
71
94
-
health
8
15
19
-
total
139
165
268
-
Employer
853
853
1 135
-
social contributions
41
71
94
-
health
9
16
21
-
total
50
87
115
-
Corporate
700
310
-
-
income
87
39
-
-
total
87
39
-
-
Dividends
612
272
-
-
withholding
104
46
-
-
total
104
46
-
-
Income
1 250
1 250
1 250
1 250
Total tax
380
337
383
372
After tax
870
913
867
878
Living cost
360
360
360
360
Free-cash
510
553
507
518

Estimated living cost  is $360 per week

$246
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
$360
$476
$486
$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
-
-
-
1 250
income
-
-
-
288
pensions
-
-
-
84
total
-
-
-
372
Employee
551
-
1 098
-
income
100
-
210
-
health
7
-
18
-
pensions
42
-
108
-
total
149
-
336
-
Employer
551
-
1 098
-
pensions
56
-
131
-
health
10
-
21
-
total
66
-
152
-
Corporate
633
1 250
-
-
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.

120
238
-
-
total
120
238
-
-
Dividends
512
1 012
-
-
withholding
38
124
-
-
total
38
124
-
-
Income
1 250
1 250
1 250
1 250
Total tax
373
362
488
372
After tax
877
888
762
878
Living cost
402
402
402
402
Free-cash
475
486
360
476

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
$120
$177
$217
$166
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
-
-
-
1 250
municipal
-
-
-
8
regional
-
-
-
26
national
-
-
-
275
social contributions
-
-
-
322
total
-
-
-
631
Employee
935
-
1 250
-
regional
14
-
22
-
social contributions
315
-
422
-
national
158
-
237
-
municipal
6
-
7
-
total
493
-
688
-
Employer
935
-
1 250
-
total
-
-
-
-
Corporate
315
1 250
-
-
nationa
76
300
-
-
municipal
15
60
-
-
total
91
360
-
-
Dividends
224
890
-
-
withholding
58
231
-
-
total
58
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
642
591
688
631
After tax
608
659
562
619
Living cost
442
442
442
442
Free-cash
166
217
120
177

Estimated living cost  is $442 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
$430
$627
-$128
$67
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
-
-
-
1 250
income
-
-
-
321
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
394
Employee
360
-
1 091
-
income
49
-
228
-
health
41
-
125
-
pensions
40
-
79
-
total
130
-
432
-
Employer
360
-
1 091
-
unemployment
9
-
27
-
pensions
58
-
114
-
accident
6
-
18
-
total
73
-
159
-
Corporate
817
1 250
-
-
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.

735
1 125
-
-
total
735
1 125
-
-
Dividends
82
125
-
-
withholding
16
24
-
-
total
16
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
954
1 149
591
394
After tax
296
101
659
856
Living cost
229
229
229
229
Free-cash
67
-128
430
627

Estimated living cost  is $229 per week

$168
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
$442
$337
$216
$361
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.

-
-
-
1 250
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.

-
-
-
288
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
-
-
-
105
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.

-
-
-
16
total
-
-
-
485
Employee

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

552
-
1 250
-
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
-
288
-
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
-
16
-
total
124
-
380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
698
1 250
-
-
chamber of commerce
3
4
-
-
income
105
188
-
-
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
100
179
-
-
total
214
381
-
-
Dividends
485
869
-
-
withholding
117
213
-
-
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
12
-
-
total
123
225
-
-
Income
1 250
1 250
1 250
1 250
Total tax
461
606
380
485
After tax
789
644
870
765
Living cost
428
428
428
428
Free-cash
361
216
442
337

Estimated living cost  is $428 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.
$81
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
$471
$435
$769
$677
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.

-
-
-
1 250
microenterprise
-
-
-
-
income
-
-
-
182
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.

-
-
-
402
surtax
-
-
-
-
total
-
-
-
584
Employee
324
-
1 007
-
income
58
-
194
-
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
-
111
-
surtax
-
-
-
-
total
94
-
305
-
Employer
324
-
1 007
-
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
-
243
-
surtax
-
-
-
-
total
78
-
243
-
Corporate
848
1 250
-
-
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%.

170
250
-
-
total
170
250
-
-
Dividends

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

678
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
342
250
548
584
After tax
908
1 000
702
666
Living cost
231
231
231
231
Free-cash
677
769
471
435

Estimated living cost  is $231 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
$574
$584
$636
$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
-
-
-
1 250
income
-
-
-
341
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
522
Employee
219
-
1 132
-
income
42
-
336
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
total
75
-
414
-
Employer
219
-
1 132
-
unemployment
4
-
10
-
pensions
24
-
58
-
health
21
-
50
-
total
49
-
118
-
Corporate
982
1 250
-
-
income
216
275
-
-
total
216
275
-
-
Dividends
766
975
-
-
withholding
153
195
-
-
total
153
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
493
470
532
522
After tax
757
780
718
728
Living cost
144
144
144
144
Free-cash
613
636
574
584

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
$352
$373
$537
$501
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
-
-
-
1 250
income
-
-
-
253
health
-
-
-
89
unemployment
-
-
-
3
surtax
-
-
-
33
pensions
-
-
-
250
other
-
-
-
-
total
-
-
-
628
Employee
374
-
1 033
-
other
-
-
-
-
income
63
-
234
-
health
10
-
26
-
unemployment
26
-
72
-
surtax
1
-
30
-
pensions
25
-
69
-
total
125
-
431
-
Employer
374
-
1 033
-
unemployment
12
-
33
-
pensions
50
-
138
-
other
-
-
-
-
health
17
-
47
-
total
79
-
218
-
Corporate
798
1 250
-
-
income
207
325
-
-
total
207
325
-
-
Dividends
590
925
-
-
withholding
89
139
-
-
total
89
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
500
464
649
628
After tax
750
786
601
622
Living cost
249
249
249
249
Free-cash
501
537
352
373

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
$7
$270
$347
$339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
226
chamber of commerce
-
-
-
5
health
-
-
-
96
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
231
total
-
-
-
626
Employee
485
442
971
-
other
5
4
10
-
income
43
33
201
-
health
19
17
38
-
unemployment
15
13
29
-
pensions
50
45
99
-
total
132
112
377
-
Employer
485
442
971
-
unemployment
15
13
29
-
chamber of commerce
2
2
4
-
pensions
61
55
122
-
payroll
15
13
29
-
other
23
21