Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
$ 1250
per

Your estimated
City
free-cash

Valencia , Spain
$468
$337
$366
$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
unemployment
-
-
-
7
income
-
-
-
252
other
-
-
-
1
accident
-
-
-
10
pensions
-
-
-
300
total
-
-
-
570
Employee
423
-
948
-
unemployment
7
-
15
-
pensions
20
-
45
-
income
82
-
235
-
other
-
-
1
-
total
109
-
296
-
Employer
423
-
948
-
pensions
100
-
224
-
accident
8
-
19
-
unemployment
23
-
52
-
other
3
-
8
-
total
134
-
303
-
Corporate
692
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.

104
188
-
-
total
104
188
-
-
Dividends
589
1 062
-
-
withholding
121
221
-
-
total
121
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
468
409
599
570
After tax
782
841
651
680
Living cost
314
314
314
314
Free-cash
468
527
337
366

Estimated living cost  is $314 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$537
$421
$370
$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
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
income
-
-
-
161
other
-
-
-
59
health
-
-
-
55
total
-
-
-
575
Employee
415
-
998
-
health
6
-
14
-
unemployment
4
-
10
-
pensions

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

29
-
70
-
income
71
-
178
-
total
110
-
272
-
Employer
415
-
998
-
health
6
-
14
-
pensions

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

71
-
170
-
accident
3
-
8
-
unemployment
4
-
10
-
other
21
-
50
-
total
105
-
252
-
Corporate
730
1 250
-
-
income
153
262
-
-
total
153
262
-
-
Dividends
577
988
-
-
withholding
40
69
-
-
total
40
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
408
331
524
575
After tax
842
919
726
675
Living cost
305
305
305
305
Free-cash
537
614
421
370

Estimated living cost  is $305 per week

$215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$866
$848
$806
$919
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
pensions

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

-
-
-
59
unemployment
-
-
-
2
income
-
-
-
187
health
-
-
-
46
total
-
-
-
294
Employee
199
-
1 172
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
35
-
income
20
-
117
-
total
48
-
174
-
Employer
199
-
1 172
-
health
14
-
28
-
pensions

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

22
-
44
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
39
-
78
-
Corporate
1 012
1 250
-
-
income
101
125
-
-
total
101
125
-
-
Dividends
911
1 125
-
-
withholding
46
56
-
-
total
46
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
234
181
252
294
After tax
1 016
1 069
998
956
Living cost
150
150
150
150
Free-cash
866
919
848
806

Estimated living cost  is $150 per week

$88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$308
$379
$325
$239
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
-
-
-
134
other
-
-
-
39
health
-
-
-
29
social contributions
-
-
-
36
pensions
-
-
-
296
surtax
-
-
-
-
total
-
-
-
534
Employee
489
-
1 009
-
pensions
55
-
52
-
income
29
-
157
-
social contributions
14
-
29
-
surtax
-
-
-
-
total
98
-
238
-
Employer
489
-
1 009
-
health
34
-
72
-
social contributions
1
-
3
-
pensions
80
-
91
-
unemployment
20
-
41
-
other
17
-
35
-
total
152
-
242
-
Corporate
608
1 250
-
-
income
170
350
-
-
surtax
-
-
-
-
total
170
350
-
-
Dividends
438
900
-
-
social contributions
75
155
-
-
surtax
-
-
-
-
withholding
56
115
-
-
total
131
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
551
620
480
534
After tax
699
630
770
716
Living cost
391
391
391
391
Free-cash
308
239
379
325

Estimated living cost  is $391 per week

$247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$58
$159
$232
$129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
pensions
-
-
-
134
income
-
-
-
264
health
-
-
-
141
total
-
-
-
539
Employee
976
976
1 064
-
health
150
127
132
-
pensions
176
134
134
-
income

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

160
160
160
-
total
486
421
426
-
Employer
976
976
1 064
-
health
68
68
74
-
pensions
68
68
74
-
unemployment
35
35
38
-
total
171
171
186
-
Corporate
115
103
-
-
income
23
21
-
-
total
23
21
-
-
Dividends
92
82
-
-
income
19
17
-
-
withholding
14
12
-
-
total
33
29
-
-
Income
1 250
1 250
1 250
1 250
Total tax
713
642
612
539
After tax
537
608
638
711
Living cost
479
479
479
479
Free-cash
58
129
159
232

Estimated living cost  is $479 per week

$339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$412
$530
$417
$285
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
-
-
-
113
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.

-
-
-
281
health

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

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

-
-
-
78
surtax

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

-
-
-
15
total
-
-
-
487
Employee

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

437
-
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.

78
-
78
-
income

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

12
-
281
-
surtax

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

1
-
15
-
total
91
-
374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
813
1 250
-
-
income
122
188
-
-
trade
128
197
-
-
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
-
-
chamber of commerce
3
4
-
-
total
260
399
-
-
Dividends
553
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.

7
11
-
-
withholding
134
209
-
-
total
141
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
492
619
374
487
After tax
758
631
876
763
Living cost
346
346
346
346
Free-cash
412
285
530
417

Estimated living cost  is $346 per week

$218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
$588
$607
$614
$650
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
-
-
-
154
health
-
-
-
32
social contributions
-
-
-
185
total
-
-
-
371
Employee
879
879
1 135
-
health
7
15
19
-
income
96
81
150
-
social contributions
33
73
94
-
total
136
169
263
-
Employer
879
879
1 135
-
health
7
16
21
-
social contributions
33
73
94
-
total
40
89
115
-
Corporate
809
282
-
-
income
101
35
-
-
total
101
35
-
-
Dividends
708
246
-
-
withholding
120
42
-
-
total
120
42
-
-
Income
1 250
1 250
1 250
1 250
Total tax
397
335
378
371
After tax
853
915
872
879
Living cost
265
265
265
265
Free-cash
588
650
607
614

Estimated living cost  is $265 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
$340
$265
$335
$352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 250
income
-
-
-
122
social contributions

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

-
-
-
434
surtax
-
-
-
-
total
-
-
-
556
Employee
526
-
1 010
-
income
109
-
275
-
social contributions
58
-
111
-
surtax
-
-
-
-
total
167
-
386
-
Employer
526
-
1 010
-
social contributions
125
-
240
-
total
125
-
240
-
Corporate
599
1 250
-
-
income
126
262
-
-
surtax
-
-
-
-
total
126
262
-
-
Dividends
473
988
-
-
withholding
133
277
-
-
total
133
277
-
-
Income
1 250
1 250
1 250
1 250
Total tax
551
539
626
556
After tax
699
711
624
694
Living cost
359
359
359
359
Free-cash
340
352
265
335

Estimated living cost  is $359 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$1087
$915
$1153
$1103
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
107
-
1 250
-
income
21
-
250
-
total
21
-
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%.

1 143
1 250
-
-
total
-
-
-
-
Dividends
1 143
1 250
-
-
withholding
57
62
-
-
total
57
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
78
62
250
12
After tax
1 172
1 188
1 000
1 238
Living cost
85
85
85
85
Free-cash
1 087
1 103
915
1 153

Estimated living cost  is $85 per week

$53
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
$458
$298
$335
$554
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
pensions
-
-
-
228
unemployment
-
-
-
2
income
-
-
-
255
health
-
-
-
123
total
-
-
-
608
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.

506
-
1 082
-
health
33
-
70
-
unemployment
1
-
2
-
pensions
78
-
168
-
income
87
-
236
-
total
199
-
476
-
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.

506
-
1 082
-
health
34
-
72
-
pensions
45
-
96
-
unemployment
-
-
1
-
total
79
-
169
-
Corporate
666
1 250
-
-
income
126
237
-
-
total
126
237
-
-
Dividends
539
1 013
-
-
withholding
81
152
-
-
total
81
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
485
389
645
608
After tax
765
861
605
642
Living cost
307
307
307
307
Free-cash
458
554
298
335

Estimated living cost  is $307 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$376
$504
$438
$337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 250
income
-
-
-
325
health

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

-
-
-
72
total
-
-
-
397
Employee
525
-
1 197
-
social contributions
53
-
53
-
income
57
-
225
-
total
110
-
278
-
Employer
525
-
1 197
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
673
1 250
-
-
income
236
438
-
-
total
236
438
-
-
Dividends
437
812
-
-
social contributions
60
60
-
-
total
60
60
-
-
Income
1 250
1 250
1 250
1 250
Total tax
459
498
331
397
After tax
791
752
919
853
Living cost
415
415
415
415
Free-cash
376
337
504
438

Estimated living cost  is $415 per week

$273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$527
$558
$561
$520
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
388
-
1 250
-
health
27
-
87
-
income
65
-
191
-
social contributions
53
-
172
-
total
145
-
450
-
Employer
388
-
1 250
-
total
-
-
-
-
Corporate
862
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%.

43
63
-
-
total
43
63
-
-
Dividends
819
1 187
-
-
social contributions
113
164
-
-
withholding
123
178
-
-
health
57
83
-
-
total
293
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
481
488
450
447
After tax
769
762
800
803
Living cost
242
242
242
242
Free-cash
527
520
558
561

Estimated living cost  is $242 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$427
$314
$289
$541
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
social contributions
-
-
-
365
solidarity contribution
-
-
-
-
total
-
-
-
641
Employee
470
-
933
-
health
63
-
126
-
solidarity contribution
-
-
-
-
income
56
-
112
-
social contributions
31
-
61
-
total
150
-
299
-
Employer
470
-
933
-
health
42
-
84
-
social contributions
118
-
233
-
total
160
-
317
-
Corporate
620
1 250
-
-
income
118
237
-
-
total
118
237
-
-
Dividends
502
1 013
-
-
withholding
75
152
-
-
total
75
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
503
389
616
641
After tax
747
861
634
609
Living cost
320
320
320
320
Free-cash
427
541
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
Tbilisi , Georgia
$1030
$867
$1105
$1055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 250
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
166
-
1 250
-
income
33
-
250
-
total
33
-
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%.

1 084
1 250
-
-
total
-
-
-
-
Dividends
1 084
1 250
-
-
withholding
54
62
-
-
total
54
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
87
62
250
12
After tax
1 163
1 188
1 000
1 238
Living cost
133
133
133
133
Free-cash
1 030
1 055
867
1 105

Estimated living cost  is $133 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
$157
$218
$164
$78
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
-
-
-
134
other
-
-
-
39
health
-
-
-
29
social contributions
-
-
-
36
pensions
-
-
-
296
surtax
-
-
-
-
total
-
-
-
534
Employee
716
-
1 009
-
pensions
81
-
52
-
income
62
-
157
-
social contributions
20
-
29
-
surtax
-
-
-
-
total
163
-
238
-
Employer
716
-
1 009
-
health
50
-
72
-
social contributions
2
-
3
-
pensions
118
-
91
-
unemployment
29
-
41
-
other
25
-
35
-
total
224
-
242
-
Corporate
310
1 250
-
-
income
87
350
-
-
surtax
-
-
-
-
total
87
350
-
-
Dividends
223
900
-
-
social contributions
38
155
-
-
surtax
-
-
-
-
withholding
29
115
-
-
total
67
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
541
620
480
534
After tax
709
630
770
716
Living cost
552
552
552
552
Free-cash
157
78
218
164

Estimated living cost  is $552 per week

$374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$650
$479
$477
$706
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
pensions
-
-
-
219
unemployment
-
-
-
13
income
-
-
-
257
health
-
-
-
87
total
-
-
-
576
Employee

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

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

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

297
-
1 099
-
health
15
-
43
-
unemployment
2
-
6
-
pensions
42
-
118
-
income
41
-
257
-
total
100
-
424
-
Employer

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

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

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

297
-
1 099
-
health
15
-
43
-
pensions
36
-
101
-
unemployment
2
-
6
-
total
53
-
150
-
Corporate
900
1 250
-
-
income
135
188
-
-
total
135
188
-
-
Dividends
765
1 062
-
-
withholding
115
159
-
-
total
115
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
403
347
574
576
After tax
847
903
676
674
Living cost
197
197
197
197
Free-cash
650
706
479
477

Estimated living cost  is $197 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$116
$175
$238
-$224
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
pensions
-
-
-
115
city
-
-
-
13
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
25
health
-
-
-
3
regional
-
-
-
49
national
-
-
-
11
total
-
-
-
216
Employee
931
-
1 119
-
health
2
-
3
-
unemployment
-
-
-
-
city
10
-
12
-
pensions
78
-
94
-
regional
31
-
42
-
national
4
-
9
-
total
125
-
160
-
Employer
931
-
1 119
-
health
2
-
3
-
pensions
78
-
94
-
unemployment
-
-
-
-
other

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

19
-
22
-
total
99
-
119
-
Corporate
209
1 250
-
-
regional
44
264
-
-
national
18
106
-
-
total
62
370
-
-
Dividends
147
879
-
-
withholding
52
308
-
-
total
52
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
338
678
279
216
After tax
912
572
971
1 034
Living cost
796
796
796
796
Free-cash
116
-224
175
238

Estimated living cost  is $796 per week

$518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
$369
$266
$438
$384
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
-
-
-
14
national
-
-
-
137
total
-
-
-
373
Employee
602
-
1 052
-
health
4
-
11
-
unemployment
9
-
16
-
pensions
41
-
71
-
national
10
-
77
-
municipal
99
-
172
-
total
163
-
347
-
Employer
602
-
1 052
-
health
5
-
8
-
pensions
104
-
182
-
accident
1
-
1
-
unemployment
4
-
7
-
total
114
-
198
-
Corporate
535
1 250
-
-
income
107
250
-
-
total
107
250
-
-
Dividends

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

321
750
-
-
municipal
58
135
-
-
national
-
42
-
-
total
58
177
-
-
Income
1 250
1 250
1 250
1 250
Total tax
442
427
545
373
After tax
808
823
705
877
Living cost
439
439
439
439
Free-cash
369
384
266
438

Estimated living cost  is $439 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
$113
$64
$157
$284
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
communal

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

-
-
-
63
social contributions
-
-
-
201
national
-
-
-
412
total
-
-
-
676
Employee

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

818
-
968
-
health

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

38
-
45
-
communal

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

43
-
50
-
unemployment

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

7
-
8
-
pensions

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

61
-
73
-
national
251
-
310
-
total
400
-
486
-
Employer

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

818
-
968
-
health

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

50
-
60
-
pensions

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

72
-
86
-
surtax
93
-
110
-
accident

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

11
-
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.

12
-
14
-
total
238
-
283
-
Corporate
194
1 250
-
-
income
39
250
-
-
surtax
1
5
-
-
total
40
255
-
-
Dividends
154
995
-
-
withholding

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

42
294
-
-
total
42
294
-
-
Income
1 250
1 250
1 250
1 250
Total tax
720
549
769
676
After tax
530
701
481
574
Living cost
417
417
417
417
Free-cash
113
284
64
157

Estimated living cost  is $417 per week

$269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$178
$174
$165
$189
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
unemployment
-
-
-
1
municipal
-
-
-
279
other
-
-
-
126
health
-
-
-
67
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
117
total
-
-
-
592
Employee
703
-
951
-
national
-
-
-
-
municipal
210
-
284
-
total
210
-
284
-
Employer
703
-
951
-
health
43
-
58
-
pensions
76
-
103
-
accident
1
-
2
-
unemployment
19
-
25
-
other
82
-
111
-
total
221
-
299
-
Corporate
326
1 250
-
-
income
72
275
-
-
total
72
275
-
-
Dividends
255
975
-
-
withholding
76
293
-
-
total
76
293
-
-
Income
1 250
1 250
1 250
1 250
Total tax
579
568
583
592
After tax
671
682
667
658
Living cost
493
493
493
493
Free-cash
178
189
174
165

Estimated living cost  is $493 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$627
$542
$320
$217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
244
social contributions
-
-
-
143
total
-
-
-
387
Employee
778
-
-
-
income
172
-
-
-
social contributions
64
-
9
-
total
236
-
9
-
Employer
778
-
-
-
social contributions
1 098
-
156
-
total
1 098
-
156
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 334
490
165
387
After tax
-84
760
1 085
863
Living cost
543
543
543
543
Free-cash
-627
217
542
320

Estimated living cost  is $543 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$495
$501
$508
$544
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
-
-
-
154
health
-
-
-
32
social contributions
-
-
-
185
total
-
-
-
371
Employee
879
879
1 135
-
health
9
15
19
-
income
92
81
150
-
social contributions
43
73
94
-
total
144
169
263
-
Employer
879
879
1 135
-
health
10
16
21
-
social contributions
43
73
94
-
total
53
89
115
-
Corporate
683
282
-
-
income
85
35
-
-
total
85
35
-
-
Dividends
598
246
-
-
withholding
102
42
-
-
total
102
42
-
-
Income
1 250
1 250
1 250
1 250
Total tax
384
335
378
371
After tax
866
915
872
879
Living cost
371
371
371
371
Free-cash
495
544
501
508

Estimated living cost  is $371 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$465
$357
$472
$483
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
-
-
-
284
pensions
-
-
-
85
total
-
-
-
369
Employee
561
-
1 098
-
health
7
-
18
-
pensions
43
-
107
-
income
102
-
207
-
total
152
-
332
-
Employer
561
-
1 098
-
health
11
-
21
-
pensions
57
-
131
-
total
68
-
152
-
Corporate
622
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.

118
238
-
-
total
118
238
-
-
Dividends
504
1 012
-
-
withholding
38
120
-
-
total
38
120
-
-
Income
1 250
1 250
1 250
1 250
Total tax
376
358
484
369
After tax
874
892
766
881
Living cost
409
409
409
409
Free-cash
465
483
357
472

Estimated living cost  is $409 per week

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

Additional information

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

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

Rome , Italy
$150
$109
$166
$204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
municipal
-
-
-
8
regional
-
-
-
26
social contributions
-
-
-
322
national
-
-
-
273
total
-
-
-
629
Employee
963
-
1 250
-
social contributions
325
-
422
-
regional
15
-
22
-
national
163
-
235
-
municipal
6
-
7
-
total
509
-
686
-
Employer
963
-
1 250
-
total
-
-
-
-
Corporate
287
1 250
-
-
nationa
69
300
-
-
municipal
14
60
-
-
total
83
360
-
-
Dividends
204
890
-
-
withholding
53
231
-
-
total
53
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
645
591
686
629
After tax
605
659
564
621
Living cost
455
455
455
455
Free-cash
150
204
109
166

Estimated living cost  is $455 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$65
$413
$615
-$141
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
pensions
-
-
-
46
income
-
-
-
316
other
-
-
-
4
health
-
-
-
24
accident
-
-
-
3
total
-
-
-
393
Employee
381
-
1 084
-
health
44
-
124
-
pensions
43
-
84
-
income
52
-
221
-
total
139
-
429
-
Employer
381
-
1 084
-
pensions
62
-
121
-
accident
6
-
18
-
unemployment
9
-
27
-
total
77
-
166
-
Corporate
792
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.

712
1 125
-
-
total
712
1 125
-
-
Dividends
79
125
-
-
withholding
15
24
-
-
total
15
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
943
1 149
595
393
After tax
307
101
655
857
Living cost
242
242
242
242
Free-cash
65
-141
413
615

Estimated living cost  is $242 per week

$177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
$352
$435
$332
$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

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

-
-
-
1 250
trade
-
-
-
103
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.

-
-
-
281
health

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

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

-
-
-
78
surtax

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

-
-
-
15
total
-
-
-
477
Employee

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

569
-
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.

78
-
78
-
income

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

47
-
281
-
surtax

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

3
-
15
-
total
128
-
374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
681
1 250
-
-
income
102
188
-
-
trade
98
179
-
-
surtax

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

6
10
-
-
chamber of commerce
3
4
-
-
total
209
381
-
-
Dividends
473
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.

6
12
-
-
withholding
114
213
-
-
total
120
225
-
-
Income
1 250
1 250
1 250
1 250
Total tax
457
606
374
477
After tax
793
644
876
773
Living cost
441
441
441
441
Free-cash
352
203
435
332

Estimated living cost  is $441 per week

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

Additional information

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

Riga , Latvia
$669
$465
$428
$762
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
income
-
-
-
182
microenterprise
-
-
-
-
social contributions

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

-
-
-
402
surtax
-
-
-
-
total
-
-
-
584
Employee
334
-
1 007
-
income
59
-
193
-
social contributions

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

37
-
111
-
surtax
-
-
-
-
total
96
-
304
-
Employer
334
-
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.

80
-
243
-
surtax
-
-
-
-
total
80
-
243
-
Corporate
835
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%.

167
250
-
-
total
167
250
-
-
Dividends

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

668
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
343
250
547
584
After tax
907
1 000
703
666
Living cost
238
238
238
238
Free-cash
669
762
465
428

Estimated living cost  is $238 per week

$152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$618
$580
$591
$640
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
-
-
-
343
health
-
-
-
74
pensions
-
-
-
102
total
-
-
-
519
Employee
214
-
1 135
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
19
-
46
-
income
41
-
338
-
total
73
-
415
-
Employer
214
-
1 135
-
health
20
-
49
-
pensions
24
-
56
-
unemployment
4
-
10
-
total
48
-
115
-
Corporate
988
1 250
-
-
income
217
275
-
-
total
217
275
-
-
Dividends
771
975
-
-
withholding
154
195
-
-
total
154
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
492
470
530
519
After tax
758
780
720
731
Living cost
140
140
140
140
Free-cash
618
640
580
591

Estimated living cost  is $140 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$492
$350
$371
$529
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
pensions
-
-
-
250
unemployment
-
-
-
3
income
-
-
-
248
other
-
-
-
-
health
-
-
-
89
surtax
-
-
-
32
total
-
-
-
622
Employee
385
-
1 033
-
health
10
-
26
-
unemployment
27
-
72
-
pensions
26
-
69
-
income
65
-
229
-
other
-
-
-
-
surtax
1
-
29
-
total
129
-
425
-
Employer
385
-
1 033
-
health
18
-
47
-
pensions
51
-
138
-
unemployment
12
-
33
-
other
-
-
-
-
total
81
-
218
-
Corporate
784
1 250
-
-
income
204
325
-
-
total
204
325
-
-
Dividends
580
925
-
-
withholding
87
139
-
-
total
87
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
501
464
643
622
After tax
749
786
607
628
Living cost
257
257
257
257
Free-cash
492
529
350
371

Estimated living cost  is $257 per week

$155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$329
$0
$261
$332
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
pensions
-
-
-
231
chamber of commerce
-
-
-
5
unemployment
-
-
-
70
income
-
-
-
222
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
624
Employee
500
456
971
-
health
19
18
38
-
unemployment
15
14
29
-
pensions
51
47
99
-
income
45
34
197
-
other
5
5
10
-
total
135
118
373
-
Employer
500
456
971
-
health
19
17
37
-
pensions
63
57
122
-
surtax
-
-
-
-
accident
6
6
13
-
unemployment
15
14