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

Dresden , Germany
$304
$422
$400
$518
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
trade
-
-
-
118
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.

-
-
-
313
health

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

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

-
-
-
74
surtax

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

-
-
-
17
total
-
-
-
522
Employee

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

414
-
1 250
-
health

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

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

74
-
74
-
surtax

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

1
-
17
-
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
-
313
-
total
87
-
404
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
836
1 250
-
-
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
-
-
income
125
188
-
-
trade
132
197
-
-
chamber of commerce
3
3
-
-
total
267
398
-
-
Dividends
569
852
-
-
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.

8
11
-
-
withholding
138
209
-
-
total
146
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
500
618
404
522
After tax
750
632
846
728
Living cost
328
328
328
328
Free-cash
422
304
518
400

Estimated living cost  is $328 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$233
$224
$203
$212
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
-
-
-
132
pensions
-
-
-
150
national
-
-
-
205
social contributions
-
-
-
13
total
-
-
-
500
Employee
848
-
1 081
-
municipal
105
-
137
-
pensions
34
-
43
-
national
162
-
213
-
total
301
-
393
-
Employer
848
-
1 081
-
social contributions
9
-
12
-
pensions
68
-
86
-
total
77
-
98
-
Corporate
269
1 250
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

54
250
-
-
total
54
250
-
-
Dividends
215
1 000
-
-
withholding
47
220
-
-
total
47
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
479
470
491
500
After tax
771
780
759
750
Living cost
547
547
547
547
Free-cash
224
233
212
203

Estimated living cost  is $547 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$775
$687
$440
$477
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
-
-
-
183
surtax
-
-
-
-
social contributions

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

-
-
-
402
total
-
-
-
585
Employee
317
-
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.

35
-
111
-
surtax
-
-
-
-
income
56
-
194
-
total
91
-
305
-
Employer
317
-
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.

76
-
243
-
surtax
-
-
-
-
total
76
-
243
-
Corporate
857
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%.

171
250
-
-
total
171
250
-
-
Dividends

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

686
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
338
250
548
585
After tax
912
1 000
702
665
Living cost
225
225
225
225
Free-cash
687
775
477
440

Estimated living cost  is $225 per week

$144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$155
$90
$260
$203
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
-
-
-
275
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
536
Employee
925
925
1 064
-
health
142
121
129
-
income

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

151
151
151
-
pensions
166
127
127
-
total
459
399
407
-
Employer
925
925
1 064
-
unemployment
33
33
38
-
pensions
64
64
74
-
health
64
64
74
-
total
161
161
186
-
Corporate
174
163
-
-
income
35
33
-
-
total
35
33
-
-
Dividends
140
130
-
-
income
30
28
-
-
withholding
21
20
-
-
total
51
48
-
-
Income
1 250
1 250
1 250
1 250
Total tax
706
641
593
536
After tax
544
609
657
714
Living cost
454
454
454
454
Free-cash
90
155
203
260

Estimated living cost  is $454 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$263
$255
$247
$237
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
-
-
-
294
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
24
total
-
-
-
584
Employee
596
-
962
-
municipal
178
-
287
-
national
-
-
19
-
total
178
-
306
-
Employer
596
-
962
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
466
1 250
-
-
income
103
275
-
-
total
103
275
-
-
Dividends
364
975
-
-
withholding
109
293
-
-
total
109
293
-
-
Income
1 250
1 250
1 250
1 250
Total tax
577
568
594
584
After tax
673
682
656
666
Living cost
418
418
418
418
Free-cash
255
263
237
247

Estimated living cost  is $418 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$199
$351
$297
$420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
trade
-
-
-
123
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.

-
-
-
313
health

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

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

-
-
-
74
surtax

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

-
-
-
17
total
-
-
-
527
Employee

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

549
-
1 250
-
health

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

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

74
-
74
-
surtax

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

3
-
17
-
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
-
313
-
total
124
-
404
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
701
1 250
-
-
surtax

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

6
10
-
-
income
105
188
-
-
trade
115
206
-
-
chamber of commerce
3
3
-
-
total
229
407
-
-
Dividends
472
843
-
-
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
114
207
-
-
total
120
218
-
-
Income
1 250
1 250
1 250
1 250
Total tax
473
625
404
527
After tax
777
625
846
723
Living cost
426
426
426
426
Free-cash
351
199
420
297

Estimated living cost  is $426 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$564
$520
$527
$514
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
-
-
-
165
health
-
-
-
32
social contributions
-
-
-
175
total
-
-
-
372
Employee
833
833
1 136
-
social contributions
40
69
93
-
health
8
14
19
-
income
87
77
159
-
total
135
160
271
-
Employer
833
833
1 136
-
social contributions
40
69
93
-
health
9
15
21
-
total
49
84
114
-
Corporate
713
333
-
-
income
89
42
-
-
total
89
42
-
-
Dividends
624
291
-
-
withholding
106
49
-
-
total
106
49
-
-
Income
1 250
1 250
1 250
1 250
Total tax
379
335
385
372
After tax
871
915
865
878
Living cost
351
351
351
351
Free-cash
520
564
514
527

Estimated living cost  is $351 per week

$240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$506
$512
$668
$527
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
-
-
-
153
pensions
-
-
-
125
unemployment
-
-
-
19
health
-
-
-
88
total
-
-
-
385
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

284
113
1 046
-
health
20
8
73
-
income
35
14
128
-
pensions
28
11
105
-
unemployment
4
2
16
-
total
87
35
322
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

284
113
1 046
-
pensions
55
22
204
-
total
55
22
204
-
Corporate
911
1 115
-
-
income
82
100
-
-
total
82
100
-
-
Dividends
829
1 015
-
-
social contributions
160
197
-
-
withholding
157
193
-
-
total
317
390
-
-
Income
1 250
1 250
1 250
1 250
Total tax
541
547
526
385
After tax
709
703
724
865
Living cost
197
197
197
197
Free-cash
512
506
527
668

Estimated living cost  is $197 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$738
$671
$407
$459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
168
pensions
-
-
-
250
health
-
-
-
163
total
-
-
-
581
Employee
307
-
934
-
income
35
-
180
-
pensions
6
-
19
-
unemployment
5
-
15
-
total
46
-
214
-
Employer
307
-
934
-
unemployment
2
-
7
-
pensions
61
-
187
-
health
40
-
121
-
total
103
-
315
-
Corporate
839
1 250
-
-
income
168
250
-
-
total
168
250
-
-
Dividends
671
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
317
250
529
581
After tax
933
1 000
721
669
Living cost
262
262
262
262
Free-cash
671
738
459
407

Estimated living cost  is $262 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$136
$65
$620
$419
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
accident
-
-
-
3
income
-
-
-
318
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
393
Employee
373
-
1 087
-
health
43
-
124
-
income
51
-
224
-
pensions
42
-
82
-
total
136
-
430
-
Employer
373
-
1 087
-
accident
6
-
18
-
unemployment
9
-
27
-
pensions
61
-
119
-
total
76
-
164
-
Corporate
801
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.

721
1 125
-
-
total
721
1 125
-
-
Dividends
80
125
-
-
withholding
15
24
-
-
total
15
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
948
1 149
594
393
After tax
302
101
656
857
Living cost
237
237
237
237
Free-cash
65
-136
419
620

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1091
$1073
$1141
$903
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
122
-
1 250
-
income
24
-
250
-
total
24
-
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%.

1 128
1 250
-
-
total
-
-
-
-
Dividends
1 128
1 250
-
-
withholding
56
62
-
-
total
56
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
80
62
250
12
After tax
1 170
1 188
1 000
1 238
Living cost
97
97
97
97
Free-cash
1 073
1 091
903
1 141

Estimated living cost  is $97 per week

$60
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$629
$554
$384
$435
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
-
-
-
163
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
health
-
-
-
55
total
-
-
-
577
Employee
393
-
998
-
health
6
-
14
-
income
68
-
180
-
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
-
unemployment
4
-
10
-
total
106
-
274
-
Employer
393
-
998
-
accident
3
-
8
-
other
20
-
50
-
unemployment
4
-
10
-
pensions

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

67
-
170
-
health
6
-
14
-
total
100
-
252
-
Corporate
758
1 250
-
-
income
159
263
-
-
total
159
263
-
-
Dividends
599
987
-
-
withholding
42
69
-
-
total
42
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
407
332
526
577
After tax
843
918
724
673
Living cost
289
289
289
289
Free-cash
554
629
435
384

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$162
$61
$151
$36
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
-
-
-
287
pensions
-
-
-
85
total
-
-
-
372
Employee
1 028
-
1 098
-
health
17
-
18
-
income
185
-
209
-
pensions
99
-
108
-
total
301
-
335
-
Employer
1 028
-
1 098
-
pensions
121
-
131
-
health
20
-
21
-
total
141
-
152
-
Corporate
81
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.

15
238
-
-
total
15
238
-
-
Dividends
65
1 012
-
-
withholding
5
123
-
-
total
5
123
-
-
Income
1 250
1 250
1 250
1 250
Total tax
462
361
487
372
After tax
788
889
763
878
Living cost
727
727
727
727
Free-cash
61
162
36
151

Estimated living cost  is $727 per week

$545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$927
$876
$819
$862
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
-
-
-
187
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
289
Employee
188
-
1 176
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
118
-
pensions

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

17
-
33
-
total
47
-
172
-
Employer
188
-
1 176
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 025
1 250
-
-
income
102
125
-
-
total
102
125
-
-
Dividends
922
1 125
-
-
withholding
46
56
-
-
total
46
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
232
181
246
289
After tax
1 018
1 069
1 004
961
Living cost
142
142
142
142
Free-cash
876
927
862
819

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$8
$36
$113
$56
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
-
-
-
275
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
536
Employee
1 004
925
1 064
-
health
125
121
129
-
income

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

151
151
151
-
pensions
127
127
127
-
total
403
399
407
-
Employer
1 004
925
1 064
-
unemployment
36
33
38
-
pensions
70
64
74
-
health
70
64
74
-
total
176
161
186
-
Corporate
70
163
-
-
income
14
33
-
-
total
14
33
-
-
Dividends
56
130
-
-
income
12
28
-
-
withholding
8
20
-
-
total
20
48
-
-
Income
1 250
1 250
1 250
1 250
Total tax
613
641
593
536
After tax
637
609
657
714
Living cost
601
601
601
601
Free-cash
36
8
56
113

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$601
$509
$350
$375
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
-
-
-
107
health
-
-
-
169
solidarity contribution
-
-
-
-
social contributions
-
-
-
365
total
-
-
-
641
Employee
382
-
933
-
social contributions
25
-
61
-
health
52
-
126
-
solidarity contribution
-
-
-
-
income
46
-
112
-
total
123
-
299
-
Employer
382
-
933
-
social contributions
95
-
233
-
health
34
-
84
-
total
129
-
317
-
Corporate
739
1 250
-
-
income
140
238
-
-
total
140
238
-
-
Dividends
598
1 012
-
-
withholding
90
152
-
-
total
90
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
482
390
616
641
After tax
768
860
634
609
Living cost
259
259
259
259
Free-cash
509
601
375
350

Estimated living cost  is $259 per week

$180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$210
$153
$173
$113
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
-
-
-
7
regional
-
-
-
14
national
-
-
-
277
social contributions
-
-
-
322
total
-
-
-
620
Employee
963
-
1 250
-
social contributions
325
-
422
-
regional
9
-
12
-
municipal
5
-
7
-
national
167
-
239
-
total
506
-
680
-
Employer
963
-
1 250
-
total
-
-
-
-
Corporate
287
1 250
-
-
nationa
69
300
-
-
municipal
11
49
-
-
total
80
349
-
-
Dividends
207
901
-
-
withholding
54
234
-
-
total
54
234
-
-
Income
1 250
1 250
1 250
1 250
Total tax
640
583
680
620
After tax
610
667
570
630
Living cost
457
457
457
457
Free-cash
153
210
113
173

Estimated living cost  is $457 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$547
$514
$379
$358
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
-
-
-
257
pensions
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
89
surtax
-
-
-
34
total
-
-
-
632
Employee
358
-
1 033
-
other
-
-
-
-
health
9
-
26
-
surtax
1
-
31
-
income
60
-
237
-
pensions
24
-
69
-
unemployment
25
-
72
-
total
119
-
435
-
Employer
358
-
1 033
-
other
-
-
-
-
unemployment
11
-
33
-
pensions
48
-
138
-
health
16
-
47
-
total
75
-
218
-
Corporate
816
1 250
-
-
income
212
325
-
-
total
212
325
-
-
Dividends
604
925
-
-
withholding
91
139
-
-
total
91
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
497
464
653
632
After tax
753
786
597
618
Living cost
239
239
239
239
Free-cash
514
547
358
379

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$392
$353
$381
$266
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
-
-
-
287
pensions
-
-
-
85
total
-
-
-
372
Employee
689
-
1 098
-
health
10
-
18
-
income
124
-
209
-
pensions
59
-
108
-
total
193
-
335
-
Employer
689
-
1 098
-
pensions
75
-
131
-
health
13
-
21
-
total
88
-
152
-
Corporate
473
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.

90
238
-
-
total
90
238
-
-
Dividends
383
1 012
-
-
withholding
29
123
-
-
total
29
123
-
-
Income
1 250
1 250
1 250
1 250
Total tax
400
361
487
372
After tax
850
889
763
878
Living cost
497
497
497
497
Free-cash
353
392
266
381

Estimated living cost  is $497 per week

$372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$247
$105
$216
$154
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
city
-
-
-
13
pensions
-
-
-
115
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
regional
-
-
-
48
health
-
-
-
3
national
-
-
-
11
total
-
-
-
215
Employee
958
-
1 119
-
city
10
-
12
-
regional
31
-
41
-
health
2
-
3
-
pensions
80
-
94
-
unemployment
-
-
-
-
national
5
-
8
-
total
128
-
158
-
Employer
958
-
1 119
-
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
-
22
-
unemployment
-
-
-
-
pensions
80
-
94
-
health
2
-
3
-
total
101
-
119
-
Corporate
180
1 250
-
-
regional
38
264
-
-
national
15
106
-
-
total
53
370
-
-
Dividends
126
879
-
-
withholding
44
308
-
-
total
44
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
326
678
277
215
After tax
924
572
973
1 035
Living cost
819
819
819
819
Free-cash
105
-247
154
216

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$124
$298
$222
$350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
trade
-
-
-
128
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.

-
-
-
313
health

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

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

-
-
-
74
surtax

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

-
-
-
17
total
-
-
-
532
Employee

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

651
-
1 250
-
health

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

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

74
-
74
-
surtax

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

4
-
17
-
income

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

77
-
313
-
total
155
-
404
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
599
1 250
-
-
surtax

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

5
10
-
-
income
90
188
-
-
trade
103
214
-
-
chamber of commerce
2
3
-
-
total
200
415
-
-
Dividends
399
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.

5
11
-
-
withholding
96
204
-
-
total
101
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
456
630
404
532
After tax
794
620
846
718
Living cost
496
496
496
496
Free-cash
298
124
350
222

Estimated living cost  is $496 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$259
$325
$343
$388
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
-
-
-
143
pensions
-
-
-
286
other
-
-
-
39
health
-
-
-
32
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
536
Employee
464
-
1 004
-
social contributions
13
-
29
-
surtax
-
-
-
-
income
27
-
161
-
pensions
52
-
54
-
total
92
-
244
-
Employer
464
-
1 004
-
other
16
-
35
-
social contributions
1
-
3
-
unemployment
19
-
41
-
pensions
76
-
94
-
health
32
-
74
-
total
144
-
247
-
Corporate
642
1 250
-
-
surtax
-
-
-
-
income
180
350
-
-
total
180
350
-
-
Dividends
462
900
-
-
surtax
-
-
-
-
social contributions
79
155
-
-
withholding
59
115
-
-
total
138
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
554
620
491
536
After tax
696
630
759
714
Living cost
371
371
371
371
Free-cash
325
259
388
343

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$296
$356
$380
$425
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
-
-
-
143
pensions
-
-
-
286
other
-
-
-
39
health
-
-
-
32
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
536
Employee
414
-
1 004
-
social contributions
12
-
29
-
surtax
-
-
-
-
income
21
-
161
-
pensions
47
-
54
-
total
80
-
244
-
Employer
414
-
1 004
-
other
14
-
35
-
social contributions
1
-
3
-
unemployment
17
-
41
-
pensions
68
-
94
-
health
29
-
74
-
total
129
-
247
-
Corporate
707
1 250
-
-
surtax
-
-
-
-
income
198
350
-
-
total
198
350
-
-
Dividends
509
900
-
-
surtax
-
-
-
-
social contributions
88
155
-
-
withholding
65
115
-
-
total
153
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
560
620
491
536
After tax
690
630
759
714
Living cost
334
334
334
334
Free-cash
356
296
425
380

Estimated living cost  is $334 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$532
$537
$573
$567
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
-
-
-
87
social contributions
-
-
-
172
total
-
-
-
447
Employee
367
-
1 250
-
social contributions
51
-
172
-
health
26
-
87
-
income
61
-
194
-
total
138
-
453
-
Employer
367
-
1 250
-
total
-
-
-
-
Corporate
883
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
839
1 187
-
-
health
59
83
-
-
social contributions
116
164
-
-
withholding
126
178
-
-
total
301
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
483
488
453
447
After tax
767
762
797
803
Living cost
230
230
230
230
Free-cash
537
532
567
573

Estimated living cost  is $230 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$316
$300
$238
-$25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
chamber of commerce
-
-
-
5
income
-
-
-
230
pensions
-
-
-
231
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
630
Employee
541
432
969
-
other
5
4
10
-
health
21
17
37
-
income
62
32
204
-
pensions
55
44
99
-
unemployment
16
13
29
-
total
159
110
379
-
Employer
541
432
969
-
accident
7
6
13
-
other
26
20
46
-
chamber of commerce
2
2
4
-
unemployment
16
13
29
-
surtax
2
2
2
-
pensions
68
54
122
-
payroll
16
13
29
-
health
20
16
37
-
total
157
126
282
-
Corporate
551
692
928
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

138
173
232
-
total
138
173
232
-
Dividends
413
519
-
-
withholding
114
143
-
-
total
114
143
-
-
Income
1 250
1 250
1 250
1 250
Total tax
568
552
893
630
After tax
682
698
357
620
Living cost
382
382
382
382
Free-cash
300
316
-25
238

Estimated living cost  is $382 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
$305
$143
$173
$80
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
-
-
-
418
communal

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

-
-
-
63
social contributions
-
-
-
201
total
-
-
-
682
Employee

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

775
-
968
-
communal

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

40
-
51
-
health

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

36
-
46
-
pensions

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

58
-
73
-
unemployment

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

7
-
8
-
national
238
-
314
-
total
379
-
492
-
Employer

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

775
-
968
-
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
-
unemployment

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

11
-
14
-
surtax
88
-
110
-
pensions

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

69
-
86
-
health

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

48
-
60
-
total
226
-
283
-
Corporate
250
1 250
-
-
surtax
1
5
-
-
income
50
250
-
-
total
51
255
-
-
Dividends
199
995
-
-
withholding

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

56
295
-
-
total
56
295
-
-
Income
1 250
1 250
1 250
1 250
Total tax
712
550
775
682
After tax
538
700
475
568
Living cost
395
395
395
395
Free-cash
143
305
80
173

Estimated living cost  is $395 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$450
$364
$295
$255
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
accident
-
-
-
9
income
-
-
-
263
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
564
Employee
539
-
948
-
other
1
-
1
-
income
114
-
240
-
pensions
25
-
45
-
unemployment
8
-
15
-
total
148
-
301
-
Employer
539
-
948
-
accident
11
-
19
-
other
4
-
8
-
unemployment
30
-
52
-
pensions
127
-
224
-
total
172
-
303
-
Corporate
539
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.

81
188
-
-
total
81
188
-
-
Dividends
458
1 062
-
-
withholding
94
221
-
-
total
94
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
495
409
604
564
After tax
755
841
646
686
Living cost
391
391
391
391
Free-cash
364
450
255
295

Estimated living cost  is $391 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$169
$87
$101
$153
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
accident
-
-
-
11
income
-
-
-
133
pensions
-
-
-
187
health
-
-
-
88
surtax
-
-
-
62
communal
-
-
-
79
total
-
-
-
560
Employee
820
-
1 117
-
health
37
-
50
-
surtax
50
-
68
-
income
79
-
168
-
pensions
66
-
89
-
total
232
-
375
-
Employer
820
-
1 117
-
accident
7
-
10
-
pensions
66
-
89
-
health
25
-
34
-
total
98
-
133
-
Corporate
332
1 250
-
-
surtax
3
13
-
-
communal
-
84
-
-
income
50
188
-
-
total
53
285
-
-
Dividends
278
965
-
-
income
149
62
-
-
withholding
42
145
-
-
total
191
207
-
-
Income
1 250
1 250
1 250
1 250
Total tax
574
492
508
560
After tax
676
758
742
690
Living cost
589
589
589
589
Free-cash
87
169
153
101

Estimated living cost  is $589 per week

$442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$543
$509
$375
$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
-
-
-
1 250
income
-
-
-
257
pensions
-
-
-
250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
89
surtax
-
-
-
34
total
-
-
-
632
Employee
365
-
1 033
-
other
-
-
-
-
health
9
-
26
-
surtax
1
-
31
-
income
61
-
237
-
pensions
24
-
69
-
unemployment
25
-
72
-
total
120
-
435
-
Employer
365
-
1 033
-
other
-
-
-
-
unemployment
12
-
33
-
pensions
49
-
138
-
health
17
-
47
-
total
78
-
218
-
Corporate
808
1 250
-
-
income
210
325
-
-
total
210
325
-
-
Dividends
598
925
-
-
withholding
90
139
-
-
total
90
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
498
464
653
632
After tax
752
786
597
618
Living cost
243
243
243
243
Free-cash
509
543
354
375

Estimated living cost  is $243 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$365
$341
$333
$273
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
-
-
-
7
regional
-
-
-
19
national
-
-
-
277
social contributions
-
-
-
322
total
-
-
-
625
Employee
601
-
1 250
-
social contributions
203
-
422
-
regional
8
-
17
-
municipal
3
-
7
-
national
95
-
239
-
total
309
-
685
-
Employer
601
-
1 250
-
total
-
-
-
-
Corporate
649
1 250
-
-
nationa
156
300
-
-
municipal
32
62
-
-
total
188
362
-
-
Dividends
461
888
-
-
withholding
120
231
-
-
total
120
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
617
593
685
625
After tax
633
657
565
625
Living cost
292
292
292
292
Free-cash
341
365
273
333

Estimated living cost  is $292 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$540
$427
$289
$314
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
-
-
-
107
health
-
-
-
169
solidarity contribution
-
-
-
-
social contributions
-
-
-
365
total
-
-
-
641
Employee
470
-
933
-
social contributions
31
-
61
-
health
63
-
126
-
solidarity contribution
-
-
-
-
income
56
-
112
-
total
150
-
299
-
Employer
470
-
933
-
social contributions
118
-
233
-
health
42
-
84
-
total
160
-
317
-
Corporate
620
1 250
-
-
income
118
238
-
-
total
118
238
-
-
Dividends
502
1 012
-
-
withholding
75
152
-
-
total
75
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
503
390
616
641
After tax
747
860
634
609
Living cost
320
320
320
320
Free-cash
427
540
314
289

Estimated living cost  is $320 per week

$238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$353
$350
$276
$12
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
chamber of commerce
-
-
-
5
income
-
-
-
230
pensions
-
-
-
231
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
628
Employee
473
432
971
-
other
5
4
10
-
health
18
17
38
-
income
42
32
204
-
pensions
48
44
99
-
unemployment
14
13
29
-
total
127
110
380
-
Employer
473
432
971
-
accident
6
6
13
-
other
22
20
46
-
chamber of commerce
2
2
4
-
unemployment
14
13
29
-
surtax
-
-
-
-
pensions
59
54
122
-
payroll
14
13
29
-
health
18
16
37
-
total
135
124
280
-
Corporate
640
694
930
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

160
174
232
-
total
160
174
232
-
Dividends
480
521
-
-
withholding
132
143
-
-
total
132
143
-
-
Income
1 250
1 250
1 250
1 250
Total tax
554
551
892
628
After tax
696
699
358
622
Living cost
346
346
346
346
Free-cash
350
353
12
276

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
$1036
$1007
$1086
$848
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
190
-
1 250
-
income
38
-
250
-
total
38
-
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%.

1 060
1 250
-
-
total
-
-
-
-
Dividends
1 060
1 250
-
-
withholding
53
62
-
-
total
53
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
91
62
250
12
After tax
1 159
1 188
1 000
1 238
Living cost
152
152
152
152
Free-cash
1 007
1 036
848
1 086

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$570
$479
$349
$311
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
-
-
-
257
pensions
-
-
-
228
unemployment
-
-
-
2
health
-
-
-
123
total
-
-
-
610
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

479
-
1 082
-
health
31
-
70
-
income
83
-
239
-
pensions
74
-
168
-
unemployment
1
-
2
-
total
189
-
479
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

479
-
1 082
-
unemployment
-
-
1
-
pensions
42
-
96
-
health
32
-
72
-
total
74
-
169
-
Corporate
696
1 250
-
-
income
132
237
-
-
total
132
237
-
-
Dividends
564
1 013
-
-
withholding
85
152
-
-
total
85
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
480
389
648
610
After tax
770
861
602
640
Living cost
291
291
291
291
Free-cash
479
570
311
349

Estimated living cost  is $291 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$292
-$367
$396
$639
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
-
-
-
142
total
-
-
-
386
Employee
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 149
490
143
386
After tax
101
760
1 107
864
Living cost
468
468
468
468
Free-cash
-367
292
639
396

Estimated living cost  is $468 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$370
$360
$351
$277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
125
surtax
-
-
-
-
social contributions

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

-
-
-
434
total
-
-
-
559
Employee
498
-
1 010
-
social contributions
55
-
111
-
surtax
-
-
-
-
income
104
-
282
-
total
159
-
393
-
Employer
498
-
1 010
-
social contributions
118
-
240
-
total
118
-
240
-
Corporate
634
1 250
-
-
surtax
-
-
-
-
income
133
263
-
-
total
133
263
-
-
Dividends
500
987
-
-
withholding
140
277
-
-
total
140
277
-
-
Income
1 250
1 250
1 250
1 250
Total tax
550
540
633
559
After tax
700
710
617
691
Living cost
340
340
340
340
Free-cash
360
370
277
351

Estimated living cost  is $340 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$107
$183
$191
$236
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
-
-
-
143
pensions
-
-
-
286
other
-
-
-
39
health
-
-
-
32
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
536
Employee
678
-
1 004
-
social contributions
19
-
29
-
surtax
-
-
-
-
income
59
-
161
-
pensions
77
-
54
-
total
155
-
244
-
Employer
678
-
1 004
-
other
23
-
35
-
social contributions
2
-
3
-
unemployment
27
-
41
-
pensions
111
-
94
-
health
47
-
74
-
total
210
-
247
-
Corporate
360
1 250
-
-
surtax
-
-
-
-
income
101
350
-
-
total
101
350
-
-
Dividends
259
900
-
-
surtax
-
-
-
-
social contributions
45
155
-
-
withholding
33
115
-
-
total
78
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
544
620
491
536
After tax
706
630
759
714
Living cost
523
523
523
523
Free-cash
183
107
236
191

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$799
$762
$617
$651
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
-
-
-
32
social contributions
-
-
-
275
total
-
-
-
307
Employee
348
-
1 082
-
income
-
-
35
-
social contributions
23
-
70
-
total
23
-
105
-
Employer
348
-
1 082
-
social contributions
54
-
168
-
total
54
-
168
-
Corporate
848
1 250
-
-
income
85
125
-
-
total
85
125
-
-
Dividends
763
1 125
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
162
125
273
307
After tax
1 088
1 125
977
943
Living cost
326
326
326
326
Free-cash
762
799
651
617

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1111
-$1111
$244
-$1111
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
-
-
-
241
pensions
-
-
-
9
national
-
-
-
135
labour market
-
-
-
99
total
-
-
-
484
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 839
1 839
1 839
484
After tax
-589
-589
-589
766
Living cost
522
522
522
522
Free-cash
-1 111
-1 111
-1 111
244

Estimated living cost  is $522 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$132
$67
$624
$423
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
accident
-
-
-
3
income
-
-
-
318
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
393
Employee
367
-
1 087
-
health
42
-
124
-
income
50
-
224
-
pensions
41
-
82
-
total
133
-
430
-
Employer
367
-
1 087
-
accident
6
-
18
-
unemployment
9
-
27
-
pensions
60
-
119
-
total
75
-
164
-
Corporate
808
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.

727
1 125
-
-
total
727
1 125
-
-
Dividends
81
125
-
-
withholding
15
24
-
-
total
15
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
950
1 149
594
393
After tax
300
101
656
857
Living cost
233
233
233
233
Free-cash
67
-132
423
624

Estimated living cost  is $233 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$402
$396
$453
$281
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
health
-
-
-
15
national
-
-
-
144
total
-
-
-
381
Employee
570
-
1 052
-
health
4
-
12
-
municipal
93
-
172
-
pensions
38
-
71
-
unemployment
9
-
16
-
national
9
-
84
-
total
153
-
355
-
Employer
570
-
1 052
-
accident
1
-
1
-
unemployment
4
-
7
-
pensions
99
-
182
-
health
4
-
8
-
total
108
-
198
-
Corporate
573
1 250
-
-
income
115
250
-
-
total
115
250
-
-
Dividends

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

344
750
-
-
national
-
47
-
-
municipal
62
135
-
-
total
62
182
-
-
Income
1 250
1 250
1 250
1 250
Total tax
438
432
553
381
After tax
812
818
697
869
Living cost
416
416
416
416
Free-cash
396
402
281
453

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$664
$605
$627
$614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
165
health
-
-
-
32
social contributions
-
-
-
175
total
-
-
-
372
Employee
833
833
1 136
-
social contributions
31
69
93
-
health
6
14
19
-
income
91
77
159
-
total
128
160
271
-
Employer
833
833
1 136
-
social contributions
31
69
93
-
health
7
15
21
-
total
38
84
114
-
Corporate
832
333
-
-
income
104
42
-
-
total
104
42
-
-
Dividends
728
291
-
-
withholding
124
49
-
-
total
124
49
-
-
Income
1 250
1 250
1 250
1 250
Total tax
394
335
385
372
After tax
856
915
865
878
Living cost
251
251
251
251
Free-cash
605
664
614
627

Estimated living cost  is $251 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$864
$808
$848
$631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 250
income
-
-
-
122
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
230
Employee

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

249
-
1 144
-
health
21
-
87
-
income
17
-
95
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
341
-
Employer

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

249
-
1 144
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
976
1 250
-
-
income
88
112
-
-
total
88
112
-
-
Dividends
888
1 138
-
-
withholding
80
102
-
-
total
80
102
-
-
Income
1 250
1 250
1 250
1 250
Total tax
270
214
447
230
After tax
980
1 036
803
1 020
Living cost
172
172
172
172
Free-cash
808
864
631
848

Estimated living cost  is $172 per week

$110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$543
$488
$388
$348
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
accident
-
-
-
9
income
-
-
-
263
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
564
Employee
401
-
948
-
other
-
-
1
-
income
77
-
240
-
pensions
19
-
45
-
unemployment
6
-
15
-
total
102
-
301
-
Employer
401
-
948
-
accident
8
-
19
-
other
3
-
8
-
unemployment
22
-
52
-
pensions
95
-
224
-
total
128
-
303
-
Corporate
722
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.

108
188
-
-
total
108
188
-
-
Dividends
614
1 062
-
-
withholding
126
221
-
-
total
126
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
464
409
604
564
After tax
786
841
646
686
Living cost
298
298
298
298
Free-cash
488
543
348
388

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$750
$746
$764
$763
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
-
-
-
418
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
456
Employee
45
-
1 226
-
health
2
-
5
-
income
9
-
417
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
433
-
Employer
45
-
1 226
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 195
1 250
-
-
income
263
275
-
-
total
263
275
-
-
Dividends
932
975
-
-
withholding
186
195
-
-
total
186
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
474
470
457
456
After tax
776
780
793
794
Living cost
30
30
30
30
Free-cash
746
750
763
764

Estimated living cost  is $30 per week

$18
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$717
$661
$495
$495
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
-
-
-
266
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
568
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

282
-
1 107
-
health
15
-
41
-
income
39
-
266
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
425
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

282
-
1 107
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
917
1 250
-
-
income
138
187
-
-
total
138
187
-
-
Dividends
779
1 063
-
-
withholding
117
159
-
-
total
117
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
402
346
568
568
After tax
848
904
682
682
Living cost
187
187
187
187
Free-cash
661
717
495
495

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$418
$416
$399
$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.

-
-
-
1 250
income
-
-
-
125
surtax
-
-
-
-
social contributions

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

-
-
-
434
total
-
-
-
559
Employee
420
-
1 010
-
social contributions
46
-
111
-
surtax
-
-
-
-
income
82
-
282
-
total
128
-
393
-
Employer
420
-
1 010
-
social contributions
100
-
240
-
total
100
-
240
-
Corporate
730
1 250
-
-
surtax
-
-
-
-
income
153
263
-
-
total
153
263
-
-
Dividends
577
987
-
-
withholding
161
277
-
-
total
161
277
-
-
Income
1 250
1 250
1 250
1 250
Total tax
542
540
633
559
After tax
708
710
617
691
Living cost
292
292
292
292
Free-cash
416
418
325
399

Estimated living cost  is $292 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$460
$378
$305
$265
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
accident
-
-
-
9
income
-
-
-
263
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
564
Employee
523
-
948
-
other
1
-
1
-
income
109
-
240
-
pensions
25
-
45
-
unemployment
8
-
15
-
total
143
-
301
-
Employer
523
-
948
-
accident
10
-
19
-
other
4
-
8
-
unemployment
29
-
52
-
pensions
123
-
224
-
total
166
-
303
-
Corporate
560
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.

84
188
-
-
total
84
188
-
-
Dividends
476
1 062
-
-
withholding
98
221
-
-
total
98
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
491
409
604
564
After tax
759
841
646
686
Living cost
381
381
381
381
Free-cash
378
460
265
305

Estimated living cost  is $381 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$883
$817
$775
$818
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
-
-
-
187
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
289
Employee
247
-
1 176
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
118
-
pensions

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

22
-
33
-
total
61
-
172
-
Employer
247
-
1 176
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
955
1 250
-
-
income
95
125
-
-
total
95
125
-
-
Dividends
859
1 125
-
-
withholding
43
56
-
-
total
43
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
247
181
246
289
After tax
1 003
1 069
1 004
961
Living cost
186
186
186
186
Free-cash
817
883
818
775

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$227
$368
$321
$428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
trade
-
-
-
107
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.

-
-
-
313
health

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

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

-
-
-
74
surtax

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

-
-
-
17
total
-
-
-
511
Employee

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

539
-
1 250
-
health

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

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

74
-
74
-
surtax

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

2
-
17
-
income

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

44
-
313
-
total
120
-
404
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
711
1 250
-
-
surtax

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

6
10
-
-
income
107
188
-
-
trade
102
179
-
-
chamber of commerce
3
3
-
-
total
218
380
-
-
Dividends
494
869
-
-
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
12
-
-
withholding
119
213
-
-
total
126
225
-
-
Income
1 250
1 250
1 250
1 250
Total tax
464
605
404
511
After tax
786
645
846
739
Living cost
418
418
418
418
Free-cash
368
227
428
321

Estimated living cost  is $418 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$258
$283
$197
$197
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
social contributions
-
-
-
115
total
-
-
-
436
Employee
847
-
1 250
-
income
160
-
321
-
social contributions
70
-
115
-
total
230
-
436
-
Employer
847
-
1 250
-
total
-
-
-
-
Corporate
403
1 250
-
-
income
50
156
-
-
total
50
156
-
-
Dividends
352
1 094
-
-
withholding
70
219
-
-
total
70
219
-
-
Income
1 250
1 250
1 250
1 250
Total tax
350
375
436
436
After tax
900
875
814
814
Living cost
617
617
617
617
Free-cash
283
258
197
197

Estimated living cost  is $617 per week

$469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
$363
$400
$477
$527
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
-
-
-
308
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
72
total
-
-
-
380
Employee
497
-
1 200
-
income
54
-
230
-
social contributions
50
-
50
-
total
104
-
280
-
Employer
497
-
1 200
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
703
1 250
-
-
income
246
437
-
-
total
246
437
-
-
Dividends
457
813
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 250
1 250
1 250
1 250
Total tax
457
494
330
380
After tax
793
756
920
870
Living cost
393
393
393
393
Free-cash
400
363
527
477

Estimated living cost  is $393 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$485
$471
$474
$359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
287
pensions
-
-
-
85
total
-
-
-
372
Employee
554
-
1 098
-
health
7
-
18
-
income
101
-
209
-
pensions
42
-
108
-
total
150
-
335
-
Employer
554
-
1 098
-
pensions
56
-
131
-
health
11
-
21
-
total
67
-
152
-
Corporate
629
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
510
1 012
-
-
withholding
38
123
-
-
total
38
123
-
-
Income
1 250
1 250
1 250
1 250
Total tax
375
361
487
372
After tax
875
889
763
878
Living cost
404
404
404
404
Free-cash
471
485
359
474

Estimated living cost  is $404 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$156
$61
$600
$399
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
accident
-
-
-
3
income
-
-
-
318
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
393
Employee
404
-
1 087
-
health
46
-
124
-
income
55
-
224
-
pensions
45
-
82
-
total
146
-
430
-
Employer
404
-
1 087
-
accident
7
-
18
-
unemployment
10
-
27
-
pensions
66
-
119
-
total
83
-
164
-
Corporate
764
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.

688
1 125
-
-
total
688
1 125
-
-
Dividends
76
125
-
-
withholding
15
24
-
-
total
15
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
932
1 149
594
393
After tax
318
101
656
857
Living cost
257
257
257
257
Free-cash
61
-156
399
600

Estimated living cost  is $257 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$905
$856
$565
$671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 250
work injury
-
-
-
6
health insurance
-
-
-
92
income
-
-
-
196
pensions
-
-
-
230
unemployment
-
-
-
15
total
-
-
-
539
Employee

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

234
-
1 250
-
work injury
1
-
4
-
income
23
-
196
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 016
1 250
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

10
13
-
-
total
10
13
-
-
Dividends
1 006
1 237
-
-
withholding
151
186
-
-
total
151
186
-
-
Income
1 250
1 250
1 250
1 250
Total tax
248
199
433
539
After tax
1 002
1 051
817
711
Living cost
146
146
146
146
Free-cash
856
905
671
565

Estimated living cost  is $146 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$227
$178
$185
$127
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
-
-
-
27
national
-
-
-
277
social contributions
-
-
-
322
total
-
-
-
634
Employee
913
-
1 250
-
social contributions
308
-
422
-
regional
14
-
23
-
municipal
5
-
7
-
national
154
-
239
-
total
481
-
691
-
Employer
913
-
1 250
-
total
-
-
-
-
Corporate
337
1 250
-
-
nationa
81
300
-
-
municipal
16
60
-
-
total
97
360
-
-
Dividends
240
890
-
-
withholding
62
231
-
-
total
62
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
640
591
691
634
After tax
610
659
559
616
Living cost
432
432
432
432
Free-cash
178
227
127
185

Estimated living cost  is $432 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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