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
$ 1300
per

Your estimated
City
free-cash

Valencia , Spain
$367
$410
$569
$513
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
-
-
-
1 300
income
-
-
-
277
accident
-
-
-
9
unemployment
-
-
-
7
pensions
-
-
-
291
other
-
-
-
1
total
-
-
-
585
Employee
410
-
986
-
other
-
-
1
-
income
79
-
251
-
unemployment
6
-
15
-
pensions
19
-
46
-
total
104
-
313
-
Employer
410
-
986
-
unemployment
23
-
54
-
pensions
97
-
233
-
other
3
-
8
-
accident
8
-
20
-
total
131
-
315
-
Corporate
759
1 300
-
-
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.

114
195
-
-
total
114
195
-
-
Dividends
646
1 105
-
-
withholding
133
231
-
-
total
133
231
-
-
Income
1 300
1 300
1 300
1 300
Total tax
482
426
628
585
After tax
818
874
672
715
Living cost
305
305
305
305
Free-cash
513
569
367
410

Estimated living cost  is $305 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$457
$404
$660
$586
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
-
-
-
1 300
income
-
-
-
170
health
-
-
-
57
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.

-
-
-
312
other
-
-
-
62
total
-
-
-
601
Employee
402
-
1 038
-
income
69
-
188
-
health
6
-
15
-
unemployment
4
-
10
-
pensions

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

28
-
73
-
total
107
-
286
-
Employer
402
-
1 038
-
unemployment
4
-
10
-
pensions

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

68
-
177
-
other
20
-
52
-
accident
3
-
8
-
health
6
-
15
-
total
101
-
262
-
Corporate
796
1 300
-
-
income
167
273
-
-
total
167
273
-
-
Dividends
629
1 027
-
-
withholding
44
72
-
-
total
44
72
-
-
Income
1 300
1 300
1 300
1 300
Total tax
419
345
548
601
After tax
881
955
752
699
Living cost
295
295
295
295
Free-cash
586
660
457
404

Estimated living cost  is $295 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
$901
$856
$966
$916
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
-
-
-
1 300
income
-
-
-
195
health
-
-
-
45
unemployment
-
-
-
2
pensions

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

-
-
-
57
total
-
-
-
299
Employee
193
-
1 224
-
income
19
-
122
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
34
-
total
47
-
178
-
Employer
193
-
1 224
-
unemployment
1
-
2
-
pensions

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

21
-
43
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
13
-
27
-
total
37
-
76
-
Corporate
1 070
1 300
-
-
income
107
130
-
-
total
107
130
-
-
Dividends
963
1 170
-
-
withholding
48
59
-
-
total
48
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
239
189
254
299
After tax
1 061
1 111
1 046
1 001
Living cost
145
145
145
145
Free-cash
916
966
901
856

Estimated living cost  is $145 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$408
$364
$276
$342
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
-
-
-
1 300
income
-
-
-
151
social contributions
-
-
-
37
health
-
-
-
35
surtax
-
-
-
-
pensions
-
-
-
294
other
-
-
-
40
total
-
-
-
557
Employee
474
-
1 042
-
income
28
-
169
-
social contributions
14
-
30
-
surtax
-
-
-
-
pensions
54
-
57
-
total
96
-
256
-
Employer
474
-
1 042
-
unemployment
19
-
42
-
social contributions
1
-
3
-
pensions
78
-
98
-
other
16
-
36
-
health
33
-
78
-
total
147
-
257
-
Corporate
677
1 300
-
-
income
190
364
-
-
surtax
-
-
-
-
total
190
364
-
-
Dividends
488
936
-
-
withholding
62
120
-
-
surtax
-
-
-
-
social contributions
84
161
-
-
total
146
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
579
645
513
557
After tax
721
655
787
743
Living cost
379
379
379
379
Free-cash
342
276
408
364

Estimated living cost  is $379 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
$224
$279
$168
$102
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
-
-
-
1 300
income
-
-
-
290
health
-
-
-
137
pensions
-
-
-
130
total
-
-
-
557
Employee
947
947
1 106
-
income

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

155
155
155
-
health
145
124
133
-
pensions
170
130
130
-
total
470
409
418
-
Employer
947
947
1 106
-
unemployment
34
34
40
-
pensions
66
66
77
-
health
66
66
77
-
total
166
166
194
-
Corporate
199
188
-
-
income
40
38
-
-
total
40
38
-
-
Dividends
159
150
-
-
withholding
24
23
-
-
income
34
32
-
-
total
58
55
-
-
Income
1 300
1 300
1 300
1 300
Total tax
734
668
612
557
After tax
566
632
688
743
Living cost
464
464
464
464
Free-cash
102
168
224
279

Estimated living cost  is $464 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
$541
$417
$320
$443
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.

-
-
-
1 300
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.

-
-
-
329
health

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

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

-
-
-
76
trade
-
-
-
124
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.

-
-
-
18
total
-
-
-
547
Employee

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

424
-
1 300
-
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
-
329
-
health

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

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

76
-
76
-
surtax

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

1
-
18
-
total
89
-
423
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
876
1 300
-
-
chamber of commerce
3
4
-
-
income
131
195
-
-
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
-
-
trade
138
205
-
-
total
279
415
-
-
Dividends
596
886
-
-
withholding
145
217
-
-
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
12
-
-
total
153
229
-
-
Income
1 300
1 300
1 300
1 300
Total tax
521
644
423
547
After tax
779
656
877
753
Living cost
336
336
336
336
Free-cash
443
320
541
417

Estimated living cost  is $336 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
$642
$656
$693
$633
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
-
-
-
1 300
income
-
-
-
175
social contributions
-
-
-
179
health
-
-
-
33
total
-
-
-
387
Employee
852
852
1 183
-
income
93
79
169
-
social contributions
32
71
95
-
health
7
14
20
-
total
132
164
284
-
Employer
852
852
1 183
-
social contributions
32
71
95
-
health
7
16
22
-
total
39
87
117
-
Corporate
872
361
-
-
income
109
45
-
-
total
109
45
-
-
Dividends
763
316
-
-
withholding
130
54
-
-
total
130
54
-
-
Income
1 300
1 300
1 300
1 300
Total tax
410
350
401
387
After tax
890
950
899
913
Living cost
257
257
257
257
Free-cash
633
693
642
656

Estimated living cost  is $257 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
$292
$370
$391
$380
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.

-
-
-
1 300
income
-
-
-
130
social contributions

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

-
-
-
452
surtax
-
-
-
-
total
-
-
-
582
Employee
510
-
1 050
-
income
106
-
295
-
social contributions
56
-
116
-
surtax
-
-
-
-
total
162
-
411
-
Employer
510
-
1 050
-
social contributions
121
-
249
-
total
121
-
249
-
Corporate
669
1 300
-
-
income
141
273
-
-
surtax
-
-
-
-
total
141
273
-
-
Dividends
529
1 027
-
-
withholding
148
288
-
-
total
148
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
572
561
660
582
After tax
728
739
640
718
Living cost
348
348
348
348
Free-cash
380
391
292
370

Estimated living cost  is $348 per week

$260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$960
$1207
$1155
$1140
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%.

-
-
-
1 300
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
100
-
1 300
-
income
20
-
260
-
total
20
-
260
-
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%.

1 200
1 300
-
-
total
-
-
-
-
Dividends
1 200
1 300
-
-
withholding
60
65
-
-
total
60
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
80
65
260
13
After tax
1 220
1 235
1 040
1 287
Living cost
80
80
80
80
Free-cash
1 140
1 155
960
1 207

Estimated living cost  is $80 per week

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

Additional information

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

Ljubljana , Slovenia
$329
$367
$598
$505
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.

-
-
-
1 300
income
-
-
-
269
health
-
-
-
128
unemployment
-
-
-
2
pensions
-
-
-
237
total
-
-
-
636
Employee

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

490
-
1 125
-
income
85
-
249
-
health
32
-
73
-
unemployment
1
-
2
-
pensions
76
-
174
-
total
194
-
498
-
Employer

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

490
-
1 125
-
unemployment
-
-
1
-
pensions
43
-
100
-
health
33
-
75
-
total
76
-
176
-
Corporate
734
1 300
-
-
income
139
247
-
-
total
139
247
-
-
Dividends
594
1 053
-
-
withholding
89
158
-
-
total
89
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
498
405
674
636
After tax
802
895
626
664
Living cost
297
297
297
297
Free-cash
505
598
329
367

Estimated living cost  is $297 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
$556
$510
$384
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 300
income
-
-
-
316
health

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

-
-
-
72
total
-
-
-
388
Employee
509
-
1 249
-
social contributions
51
-
51
-
income
55
-
240
-
total
106
-
291
-
Employer
509
-
1 249
-
social contributions
51
-
51
-
total
51
-
51
-
Corporate
741
1 300
-
-
income
259
455
-
-
total
259
455
-
-
Dividends
481
845
-
-
social contributions
59
59
-
-
total
59
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
475
514
342
388
After tax
825
786
958
912
Living cost
402
402
402
402
Free-cash
423
384
556
510

Estimated living cost  is $402 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$592
$600
$559
$564
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
-
-
-
1 300
income
-
-
-
195
social contributions
-
-
-
179
health
-
-
-
91
total
-
-
-
465
Employee
376
-
1 300
-
income
63
-
203
-
social contributions
52
-
179
-
health
26
-
91
-
total
141
-
473
-
Employer
376
-
1 300
-
total
-
-
-
-
Corporate
924
1 300
-
-
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%.

46
65
-
-
total
46
65
-
-
Dividends
878
1 235
-
-
withholding
132
185
-
-
health
61
86
-
-
social contributions
121
170
-
-
total
314
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
501
506
473
465
After tax
799
794
827
835
Living cost
235
235
235
235
Free-cash
564
559
592
600

Estimated living cost  is $235 per week

$157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
$359
$357
$594
$486
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
-
-
-
1 300
income
-
-
-
116
social contributions
-
-
-
351
solidarity contribution
-
-
-
-
health
-
-
-
175
total
-
-
-
642
Employee
442
-
970
-
solidarity contribution
-
-
-
-
income
53
-
116
-
social contributions
29
-
63
-
health
60
-
131
-
total
142
-
310
-
Employer
442
-
970
-
social contributions
111
-
243
-
health
40
-
87
-
total
151
-
330
-
Corporate
708
1 300
-
-
income
134
247
-
-
total
134
247
-
-
Dividends
573
1 053
-
-
withholding
86
158
-
-
total
86
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
513
405
640
642
After tax
787
895
660
658
Living cost
301
301
301
301
Free-cash
486
594
359
357

Estimated living cost  is $301 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$916
$1163
$1111
$1088
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%.

-
-
-
1 300
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
155
-
1 300
-
income
31
-
260
-
total
31
-
260
-
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%.

1 145
1 300
-
-
total
-
-
-
-
Dividends
1 145
1 300
-
-
withholding
57
65
-
-
total
57
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
88
65
260
13
After tax
1 212
1 235
1 040
1 287
Living cost
124
124
124
124
Free-cash
1 088
1 111
916
1 163

Estimated living cost  is $124 per week

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

Additional information

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

Paris , France
$252
$208
$120
$195
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
-
-
-
1 300
income
-
-
-
151
social contributions
-
-
-
37
health
-
-
-
35
surtax
-
-
-
-
pensions
-
-
-
294
other
-
-
-
40
total
-
-
-
557
Employee
694
-
1 042
-
income
61
-
169
-
social contributions
20
-
30
-
surtax
-
-
-
-
pensions
79
-
57
-
total
160
-
256
-
Employer
694
-
1 042
-
unemployment
28
-
42
-
social contributions
2
-
3
-
pensions
114
-
98
-
other
24
-
36
-
health
49
-
78
-
total
217
-
257
-
Corporate
389
1 300
-
-
income
109
364
-
-
surtax
-
-
-
-
total
109
364
-
-
Dividends
280
936
-
-
withholding
36
120
-
-
surtax
-
-
-
-
social contributions
48
161
-
-
total
84
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
570
645
513
557
After tax
730
655
787
743
Living cost
535
535
535
535
Free-cash
195
120
252
208

Estimated living cost  is $535 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$522
$522
$748
$694
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.

-
-
-
1 300
income
-
-
-
279
health
-
-
-
84
unemployment
-
-
-
12
pensions
-
-
-
212
total
-
-
-
587
Employee

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

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

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

288
-
1 154
-
income
40
-
279
-
health
15
-
42
-
unemployment
2
-
6
-
pensions
40
-
114
-
total
97
-
441
-
Employer

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

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

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

288
-
1 154
-
unemployment
2
-
6
-
pensions
35
-
98
-
health
15
-
42
-
total
52
-
146
-
Corporate
960
1 300
-
-
income
144
195
-
-
total
144
195
-
-
Dividends
816
1 105
-
-
withholding
122
166
-
-
total
122
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
415
361
587
587
After tax
885
939
713
713
Living cost
191
191
191
191
Free-cash
694
748
522
522

Estimated living cost  is $191 per week

$129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$234
$297
-$179
$151
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
-
-
-
1 300
regional
-
-
-
53
national
-
-
-
13
health
-
-
-
3
city
-
-
-
14
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.

-
-
-
26
pensions
-
-
-
120
total
-
-
-
229
Employee
905
-
1 164
-
regional
30
-
45
-
city
10
-
12
-
health
2
-
3
-
unemployment
-
-
-
-
national
4
-
10
-
pensions
76
-
98
-
total
122
-
168
-
Employer
905
-
1 164
-
unemployment
-
-
-
-
pensions
76
-
98
-
other

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

18
-
23
-
health
2
-
3
-
total
96
-
124
-
Corporate
288
1 300
-
-
regional
61
275
-
-
national
25
110
-
-
total
86
385
-
-
Dividends
203
915
-
-
withholding
71
320
-
-
total
71
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
375
705
292
229
After tax
925
595
1 008
1 071
Living cost
774
774
774
774
Free-cash
151
-179
234
297

Estimated living cost  is $774 per week

$503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
$299
$476
$424
$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

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

-
-
-
1 300
municipal
-
-
-
231
national
-
-
-
152
health
-
-
-
15
total
-
-
-
398
Employee
583
-
1 094
-
health
4
-
12
-
unemployment
9
-
16
-
national
10
-
89
-
municipal
96
-
178
-
pensions
39
-
74
-
total
158
-
369
-
Employer
583
-
1 094
-
unemployment
4
-
7
-
pensions
101
-
190
-
accident
1
-
1
-
health
4
-
8
-
total
110
-
206
-
Corporate
607
1 300
-
-
income
121
260
-
-
total
121
260
-
-
Dividends

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

364
780
-
-
national
-
50
-
-
municipal
66
140
-
-
total
66
190
-
-
Income
1 300
1 300
1 300
1 300
Total tax
455
450
575
398
After tax
845
850
725
902
Living cost
426
426
426
426
Free-cash
419
424
299
476

Estimated living cost  is $426 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
$89
$185
$325
$159
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
-
-
-
1 300
national
-
-
-
437
social contributions
-
-
-
208
communal

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

-
-
-
66
total
-
-
-
711
Employee

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

793
-
1 007
-
health

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

37
-
47
-
communal

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

41
-
53
-
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
-
9
-
national
244
-
329
-
pensions

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

59
-
76
-
total
388
-
514
-
Employer

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

793
-
1 007
-
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
-
15
-
pensions

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

70
-
89
-
surtax
90
-
114
-
accident

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

10
-
13
-
health

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

49
-
62
-
total
231
-
293
-
Corporate
276
1 300
-
-
income
55
260
-
-
surtax
1
5
-
-
total
56
265
-
-
Dividends
220
1 035
-
-
withholding

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

62
306
-
-
total
62
306
-
-
Income
1 300
1 300
1 300
1 300
Total tax
737
571
807
711
After tax
563
729
493
589
Living cost
404
404
404
404
Free-cash
159
325
89
185

Estimated living cost  is $404 per week

$260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$230
$241
$256
$246
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
-
-
-
1 300
municipal
-
-
-
302
national
-
-
-
14
health
-
-
-
62
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
108
other
-
-
-
116
total
-
-
-
605
Employee
648
-
989
-
national
-
-
10
-
municipal
193
-
295
-
total
193
-
305
-
Employer
648
-
989
-
unemployment
17
-
26
-
pensions
70
-
107
-
other
75
-
115
-
accident
1
-
2
-
health
40
-
61
-
total
203
-
311
-
Corporate
449
1 300
-
-
income
99
286
-
-
total
99
286
-
-
Dividends
350
1 014
-
-
withholding
105
304
-
-
total
105
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
600
590
616
605
After tax
700
710
684
695
Living cost
454
454
454
454
Free-cash
246
256
230
241

Estimated living cost  is $454 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
$653
$403
$295
-$414
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
-
-
-
1 300
income
-
-
-
253
social contributions
-
-
-
148
total
-
-
-
401
Employee
711
-
-
-
income
157
-
-
-
social contributions
58
-
8
-
total
215
-
8
-
Employer
711
-
-
-
social contributions
1 003
-
143
-
total
1 003
-
143
-
Corporate
-
1 300
-
-
income
-
286
-
-
total
-
286
-
-
Dividends
-
1 014
-
-
income
-
223
-
-
total
-
223
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 218
509
151
401
After tax
82
791
1 149
899
Living cost
496
496
496
496
Free-cash
-414
295
653
403

Estimated living cost  is $496 per week

$322
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.
$121
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
$539
$553
$590
$545
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
-
-
-
1 300
income
-
-
-
175
social contributions
-
-
-
179
health
-
-
-
33
total
-
-
-
387
Employee
852
852
1 183
-
income
90
79
169
-
social contributions
41
71
95
-
health
8
14
20
-
total
139
164
284
-
Employer
852
852
1 183
-
social contributions
41
71
95
-
health
9
16
22
-
total
50
87
117
-
Corporate
750
361
-
-
income
94
45
-
-
total
94
45
-
-
Dividends
657
316
-
-
withholding
112
54
-
-
total
112
54
-
-
Income
1 300
1 300
1 300
1 300
Total tax
395
350
401
387
After tax
905
950
899
913
Living cost
360
360
360
360
Free-cash
545
590
539
553

Estimated living cost  is $360 per week

$246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$384
$506
$514
$512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
307
pensions
-
-
-
85
total
-
-
-
392
Employee
551
-
1 141
-
income
100
-
227
-
health
7
-
19
-
pensions
42
-
109
-
total
149
-
355
-
Employer
551
-
1 141
-
pensions
56
-
137
-
health
10
-
22
-
total
66
-
159
-
Corporate
682
1 300
-
-
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.

130
247
-
-
total
130
247
-
-
Dividends
553
1 053
-
-
withholding
41
137
-
-
total
41
137
-
-
Income
1 300
1 300
1 300
1 300
Total tax
386
384
514
392
After tax
914
916
786
908
Living cost
402
402
402
402
Free-cash
512
514
384
506

Estimated living cost  is $402 per week

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

Additional information

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

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

Rome , Italy
$138
$197
$242
$191
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
-
-
-
1 300
municipal
-
-
-
9
regional
-
-
-
28
national
-
-
-
290
social contributions
-
-
-
334
total
-
-
-
661
Employee
934
-
1 300
-
regional
14
-
24
-
social contributions
315
-
438
-
national
158
-
250
-
municipal
6
-
8
-
total
493
-
720
-
Employer
934
-
1 300
-
total
-
-
-
-
Corporate
366
1 300
-
-
nationa
88
312
-
-
municipal
18
63
-
-
total
106
375
-
-
Dividends
260
925
-
-
withholding
68
241
-
-
total
68
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
667
616
720
661
After tax
633
684
580
639
Living cost
442
442
442
442
Free-cash
191
242
138
197

Estimated living cost  is $442 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$460
$662
-$123
$72
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
-
-
-
1 300
income
-
-
-
337
health
-
-
-
23
accident
-
-
-
3
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
410
Employee
359
-
1 139
-
income
49
-
242
-
health
41
-
130
-
pensions
40
-
79
-
total
130
-
451
-
Employer
359
-
1 139
-
unemployment
9
-
28
-
pensions
58
-
114
-
accident
6
-
19
-
total
73
-
161
-
Corporate
868
1 300
-
-
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.

781
1 170
-
-
total
781
1 170
-
-
Dividends
87
130
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 000
1 195
612
410
After tax
300
105
688
890
Living cost
228
228
228
228
Free-cash
72
-123
460
662

Estimated living cost  is $228 per week

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

Additional information

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

Berlin , Germany
$449
$336
$241
$387
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.

-
-
-
1 300
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.

-
-
-
329
health

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

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

-
-
-
76
trade
-
-
-
113
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.

-
-
-
18
total
-
-
-
536
Employee

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

552
-
1 300
-
income

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

45
-
329
-
health

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

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

76
-
76
-
surtax

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

3
-
18
-
total
124
-
423
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
748
1 300
-
-
chamber of commerce
3
4
-
-
income
112
195
-
-
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
-
-
trade
107
187
-
-
total
228
397
-
-
Dividends
520
904
-
-
withholding
126
222
-
-
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
-
-
total
133
234
-
-
Income
1 300
1 300
1 300
1 300
Total tax
485
631
423
536
After tax
815
669
877
764
Living cost
428
428
428
428
Free-cash
387
241
449
336

Estimated living cost  is $428 per week

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

Additional information

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

Riga , Latvia
$500
$461
$809
$717
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.

-
-
-
1 300
microenterprise
-
-
-
-
income
-
-
-
190
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.

-
-
-
418
surtax
-
-
-
-
total
-
-
-
608
Employee
324
-
1 048
-
income
58
-
202
-
social contributions

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

36
-
115
-
surtax
-
-
-
-
total
94
-
317
-
Employer
324
-
1 048
-
social contributions

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

78
-
252
-
surtax
-
-
-
-
total
78
-
252
-
Corporate
898
1 300
-
-
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%.

180
260
-
-
total
180
260
-
-
Dividends

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

718
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
352
260
569
608
After tax
948
1 040
731
692
Living cost
231
231
231
231
Free-cash
717
809
500
461

Estimated living cost  is $231 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$607
$616
$667
$644
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
-
-
-
1 300
income
-
-
-
359
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
540
Employee
219
-
1 182
-
income
42
-
353
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
total
75
-
431
-
Employer
219
-
1 182
-
unemployment
4
-
10
-
pensions
24
-
58
-
health
21
-
50
-
total
49
-
118
-
Corporate
1 032
1 300
-
-
income
227
286
-
-
total
227
286
-
-
Dividends
805
1 014
-
-
withholding
161
203
-
-
total
161
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
512
489
549
540
After tax
788
811
751
760
Living cost
144
144
144
144
Free-cash
644
667
607
616

Estimated living cost  is $144 per week

$85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$370
$390
$569
$532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
270
health
-
-
-
92
unemployment
-
-
-
3
surtax
-
-
-
36
pensions
-
-
-
260
other
-
-
-
-
total
-
-
-
661
Employee
373
-
1 074
-
other
-
-
-
-
income
63
-
249
-
health
10
-
27
-
unemployment
26
-
75
-
surtax
1
-
32
-
pensions
25
-
72
-
total
125
-
455
-
Employer
373
-
1 074
-
unemployment
12
-
34
-
pensions
50
-
143
-
other
-
-
-
-
health
17
-
49
-
total
79
-
226
-
Corporate
848
1 300
-
-
income
221
338
-
-
total
221
338
-
-
Dividends
628
962
-
-
withholding
94
144
-
-
total
94
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
519
482
681
661
After tax
781
818
619
639
Living cost
249
249
249
249
Free-cash
532
569
370
390

Estimated living cost  is $249 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$17
$291
$373
$366
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
-
-
-
1 300
income
-
-
-
243
chamber of commerce
-
-
-
5
health
-
-
-
99
unemployment
-
-
-
68
surtax
-
-
-
-
pensions
-
-
-
240
total
-
-
-
655
Employee
485
442
1 009
-
other
5
4
10
-
income
43
33
215
-
health
19
17
39
-
unemployment
15
13
30
-
pensions
50
45
103
-
total
132
112
397
-
Employer
485
442
1 009
-
unemployment
15
13
30
-
chamber of commerce
2
2
4
-
pensions
61
55
127
-
payroll
15
13
30
-
other
23