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

Dresden , Germany
$328
$447
$421
$546
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
trade
-
-
-
125
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.

-
-
-
334
health

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

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

-
-
-
74
surtax

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

-
-
-
18
total
-
-
-
551
Employee

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

414
-
1 300
-
health

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

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

74
-
74
-
surtax

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

1
-
18
-
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
-
334
-
total
87
-
426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
886
1 300
-
-
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
-
-
income
133
195
-
-
trade
140
205
-
-
chamber of commerce
3
4
-
-
total
283
415
-
-
Dividends
603
886
-
-
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
-
-
withholding
147
217
-
-
total
155
229
-
-
Income
1 300
1 300
1 300
1 300
Total tax
525
644
426
551
After tax
775
656
874
749
Living cost
328
328
328
328
Free-cash
447
328
546
421

Estimated living cost  is $328 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$264
$255
$231
$241
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
-
-
-
138
pensions
-
-
-
156
national
-
-
-
214
social contributions
-
-
-
14
total
-
-
-
522
Employee
848
-
1 124
-
municipal
105
-
143
-
pensions
34
-
45
-
national
162
-
222
-
total
301
-
410
-
Employer
848
-
1 124
-
social contributions
9
-
12
-
pensions
68
-
90
-
total
77
-
102
-
Corporate
319
1 300
-
-
income

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

64
260
-
-
total
64
260
-
-
Dividends
255
1 040
-
-
withholding
56
229
-
-
total
56
229
-
-
Income
1 300
1 300
1 300
1 300
Total tax
498
489
512
522
After tax
802
811
788
778
Living cost
547
547
547
547
Free-cash
255
264
241
231

Estimated living cost  is $547 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$815
$727
$137
$506
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
-
-
-
191
surtax
-
-
-
332
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.

-
-
-
415
total
-
-
-
938
Employee
317
-
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.

35
-
115
-
surtax
-
-
-
-
income
56
-
202
-
total
91
-
317
-
Employer
317
-
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.

76
-
252
-
surtax
-
-
-
-
total
76
-
252
-
Corporate
907
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%.

181
260
-
-
total
181
260
-
-
Dividends

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

726
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
348
260
569
938
After tax
952
1 040
731
362
Living cost
225
225
225
225
Free-cash
727
815
506
137

Estimated living cost  is $225 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
$181
$116
$291
$243
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
-
-
-
294
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
555
Employee
925
925
1 106
-
health
142
121
131
-
income

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

151
151
151
-
pensions
166
127
127
-
total
459
399
409
-
Employer
925
925
1 106
-
unemployment
33
33
40
-
pensions
64
64
77
-
health
64
64
77
-
total
161
161
194
-
Corporate
224
213
-
-
income
45
43
-
-
total
45
43
-
-
Dividends
180
170
-
-
income
38
36
-
-
withholding
27
26
-
-
total
65
62
-
-
Income
1 300
1 300
1 300
1 300
Total tax
730
665
603
555
After tax
570
635
697
745
Living cost
454
454
454
454
Free-cash
116
181
243
291

Estimated living cost  is $454 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$292
$282
$274
$263
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
-
-
-
308
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
34
total
-
-
-
608
Employee
596
-
1 012
-
municipal
178
-
302
-
national
-
-
29
-
total
178
-
331
-
Employer
596
-
1 012
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
516
1 300
-
-
income
114
286
-
-
total
114
286
-
-
Dividends
403
1 014
-
-
withholding
121
304
-
-
total
121
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
600
590
619
608
After tax
700
710
681
692
Living cost
418
418
418
418
Free-cash
282
292
263
274

Estimated living cost  is $418 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
$224
$377
$318
$448
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
trade
-
-
-
131
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.

-
-
-
334
health

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

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

-
-
-
74
surtax

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

-
-
-
18
total
-
-
-
557
Employee

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

549
-
1 300
-
health

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

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

74
-
74
-
surtax

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

3
-
18
-
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
-
334
-
total
124
-
426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
751
1 300
-
-
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
-
-
income
113
195
-
-
trade
123
214
-
-
chamber of commerce
3
3
-
-
total
245
423
-
-
Dividends
506
877
-
-
surtax

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

7
12
-
-
withholding
122
215
-
-
total
129
227
-
-
Income
1 300
1 300
1 300
1 300
Total tax
498
650
426
557
After tax
802
650
874
743
Living cost
426
426
426
426
Free-cash
377
224
448
318

Estimated living cost  is $426 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$600
$557
$561
$547
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
-
-
-
180
health
-
-
-
33
social contributions
-
-
-
175
total
-
-
-
388
Employee
833
833
1 185
-
social contributions
40
69
93
-
health
8
14
20
-
income
87
77
174
-
total
135
160
287
-
Employer
833
833
1 185
-
social contributions
40
69
93
-
health
9
15
22
-
total
49
84
115
-
Corporate
763
383
-
-
income
95
48
-
-
total
95
48
-
-
Dividends
668
335
-
-
withholding
113
57
-
-
total
113
57
-
-
Income
1 300
1 300
1 300
1 300
Total tax
392
349
402
388
After tax
908
951
898
912
Living cost
351
351
351
351
Free-cash
557
600
547
561

Estimated living cost  is $351 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
$535
$540
$704
$557
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
-
-
-
159
pensions
-
-
-
130
unemployment
-
-
-
19
health
-
-
-
91
total
-
-
-
399
Employee

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

The minimum wage is 138,000 HUF per month.

284
113
1 088
-
health
20
8
76
-
income
35
14
133
-
pensions
28
11
109
-
unemployment
4
2
16
-
total
87
35
334
-
Employer

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

The minimum wage is 138,000 HUF per month.

284
113
1 088
-
pensions
55
22
212
-
total
55
22
212
-
Corporate
961
1 165
-
-
income
86
105
-
-
total
86
105
-
-
Dividends
874
1 060
-
-
social contributions
169
205
-
-
withholding
166
201
-
-
total
335
406
-
-
Income
1 300
1 300
1 300
1 300
Total tax
563
568
546
399
After tax
737
732
754
901
Living cost
197
197
197
197
Free-cash
540
535
557
704

Estimated living cost  is $197 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$778
$711
$435
$488
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
-
-
-
174
pensions
-
-
-
260
health
-
-
-
169
total
-
-
-
603
Employee
307
-
972
-
income
35
-
187
-
pensions
6
-
19
-
unemployment
5
-
16
-
total
46
-
222
-
Employer
307
-
972
-
unemployment
2
-
8
-
pensions
61
-
194
-
health
40
-
126
-
total
103
-
328
-
Corporate
889
1 300
-
-
income
178
260
-
-
total
178
260
-
-
Dividends
711
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
327
260
550
603
After tax
973
1 040
750
697
Living cost
262
262
262
262
Free-cash
711
778
488
435

Estimated living cost  is $262 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-$132
$69
$654
$448
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
accident
-
-
-
3
income
-
-
-
334
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
409
Employee
373
-
1 135
-
health
43
-
130
-
income
51
-
237
-
pensions
42
-
82
-
total
136
-
449
-
Employer
373
-
1 135
-
accident
6
-
19
-
unemployment
9
-
28
-
pensions
61
-
119
-
total
76
-
166
-
Corporate
851
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.

766
1 170
-
-
total
766
1 170
-
-
Dividends
85
130
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
994
1 195
615
409
After tax
306
105
685
891
Living cost
237
237
237
237
Free-cash
69
-132
448
654

Estimated living cost  is $237 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1138
$1120
$1190
$943
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
122
-
1 300
-
income
24
-
260
-
total
24
-
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%.

1 178
1 300
-
-
total
-
-
-
-
Dividends
1 178
1 300
-
-
withholding
59
65
-
-
total
59
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
83
65
260
13
After tax
1 217
1 235
1 040
1 287
Living cost
97
97
97
97
Free-cash
1 120
1 138
943
1 190

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$666
$590
$409
$462
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
-
-
-
171
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
health
-
-
-
57
total
-
-
-
602
Employee
393
-
1 038
-
health
6
-
15
-
income
68
-
189
-
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
-
unemployment
4
-
10
-
total
106
-
287
-
Employer
393
-
1 038
-
accident
3
-
8
-
other
20
-
52
-
unemployment
4
-
10
-
pensions

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

67
-
177
-
health
6
-
15
-
total
100
-
262
-
Corporate
808
1 300
-
-
income
170
273
-
-
total
170
273
-
-
Dividends
638
1 027
-
-
withholding
45
72
-
-
total
45
72
-
-
Income
1 300
1 300
1 300
1 300
Total tax
421
345
549
602
After tax
879
955
751
698
Living cost
289
289
289
289
Free-cash
590
666
462
409

Estimated living cost  is $289 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
$190
$98
$182
$59
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
-
-
-
306
pensions
-
-
-
85
total
-
-
-
391
Employee
1 028
-
1 141
-
health
17
-
19
-
income
185
-
226
-
pensions
99
-
110
-
total
301
-
355
-
Employer
1 028
-
1 141
-
pensions
121
-
137
-
health
20
-
22
-
total
141
-
159
-
Corporate
131
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.

25
247
-
-
total
25
247
-
-
Dividends
106
1 053
-
-
withholding
8
136
-
-
total
8
136
-
-
Income
1 300
1 300
1 300
1 300
Total tax
475
383
514
391
After tax
825
917
786
909
Living cost
727
727
727
727
Free-cash
98
190
59
182

Estimated living cost  is $727 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$969
$919
$861
$907
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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
297
Employee
188
-
1 226
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
123
-
pensions

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

17
-
33
-
total
47
-
177
-
Employer
188
-
1 226
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 075
1 300
-
-
income
107
130
-
-
total
107
130
-
-
Dividends
967
1 170
-
-
withholding
48
59
-
-
total
48
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
239
189
251
297
After tax
1 061
1 111
1 049
1 003
Living cost
142
142
142
142
Free-cash
919
969
907
861

Estimated living cost  is $142 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$34
$62
$144
$96
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
-
-
-
294
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
555
Employee
1 004
925
1 106
-
health
125
121
131
-
income

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

151
151
151
-
pensions
127
127
127
-
total
403
399
409
-
Employer
1 004
925
1 106
-
unemployment
36
33
40
-
pensions
70
64
77
-
health
70
64
77
-
total
176
161
194
-
Corporate
120
213
-
-
income
24
43
-
-
total
24
43
-
-
Dividends
96
170
-
-
income
20
36
-
-
withholding
14
26
-
-
total
34
62
-
-
Income
1 300
1 300
1 300
1 300
Total tax
637
665
603
555
After tax
663
635
697
745
Living cost
601
601
601
601
Free-cash
62
34
96
144

Estimated living cost  is $601 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$636
$543
$380
$401
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
-
-
-
113
health
-
-
-
175
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
661
Employee
382
-
970
-
social contributions
25
-
63
-
health
52
-
131
-
solidarity contribution
-
-
-
-
income
46
-
116
-
total
123
-
310
-
Employer
382
-
970
-
social contributions
95
-
243
-
health
34
-
87
-
total
129
-
330
-
Corporate
789
1 300
-
-
income
150
247
-
-
total
150
247
-
-
Dividends
639
1 053
-
-
withholding
96
158
-
-
total
96
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
498
405
640
661
After tax
802
895
660
639
Living cost
259
259
259
259
Free-cash
543
636
401
380

Estimated living cost  is $259 per week

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

Source of data for Brno model

Close
Milan , Italy
$236
$180
$195
$133
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
-
-
-
8
regional
-
-
-
15
national
-
-
-
291
social contributions
-
-
-
334
total
-
-
-
648
Employee
963
-
1 300
-
social contributions
325
-
438
-
regional
9
-
13
-
municipal
5
-
7
-
national
167
-
252
-
total
506
-
710
-
Employer
963
-
1 300
-
total
-
-
-
-
Corporate
337
1 300
-
-
nationa
81
312
-
-
municipal
13
51
-
-
total
94
363
-
-
Dividends
243
937
-
-
withholding
63
244
-
-
total
63
244
-
-
Income
1 300
1 300
1 300
1 300
Total tax
663
607
710
648
After tax
637
693
590
652
Living cost
457
457
457
457
Free-cash
180
236
133
195

Estimated living cost  is $457 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
$579
$546
$398
$375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
273
pensions
-
-
-
260
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
92
surtax
-
-
-
36
total
-
-
-
663
Employee
358
-
1 074
-
other
-
-
-
-
health
9
-
27
-
surtax
1
-
33
-
income
60
-
253
-
pensions
24
-
72
-
unemployment
25
-
75
-
total
119
-
460
-
Employer
358
-
1 074
-
other
-
-
-
-
unemployment
11
-
34
-
pensions
48
-
143
-
health
16
-
49
-
total
75
-
226
-
Corporate
866
1 300
-
-
income
225
338
-
-
total
225
338
-
-
Dividends
641
962
-
-
withholding
96
144
-
-
total
96
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
515
482
686
663
After tax
785
818
614
637
Living cost
239
239
239
239
Free-cash
546
579
375
398

Estimated living cost  is $239 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$420
$391
$412
$289
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
-
-
-
306
pensions
-
-
-
85
total
-
-
-
391
Employee
689
-
1 141
-
health
10
-
19
-
income
124
-
226
-
pensions
59
-
110
-
total
193
-
355
-
Employer
689
-
1 141
-
pensions
75
-
137
-
health
13
-
22
-
total
88
-
159
-
Corporate
523
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.

99
247
-
-
total
99
247
-
-
Dividends
424
1 053
-
-
withholding
32
136
-
-
total
32
136
-
-
Income
1 300
1 300
1 300
1 300
Total tax
412
383
514
391
After tax
888
917
786
909
Living cost
497
497
497
497
Free-cash
391
420
289
412

Estimated living cost  is $497 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$224
$126
$255
$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
city
-
-
-
14
pensions
-
-
-
120
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
regional
-
-
-
51
health
-
-
-
3
national
-
-
-
12
total
-
-
-
226
Employee
958
-
1 164
-
city
10
-
12
-
regional
31
-
44
-
health
2
-
3
-
pensions
80
-
98
-
unemployment
-
-
-
-
national
5
-
9
-
total
128
-
166
-
Employer
958
-
1 164
-
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
-
23
-
unemployment
-
-
-
-
pensions
80
-
98
-
health
2
-
3
-
total
101
-
124
-
Corporate
230
1 300
-
-
regional
49
275
-
-
national
20
110
-
-
total
69
385
-
-
Dividends
162
915
-
-
withholding
57
320
-
-
total
57
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
355
705
290
226
After tax
945
595
1 010
1 074
Living cost
819
819
819
819
Free-cash
126
-224
191
255

Estimated living cost  is $819 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$147
$323
$241
$378
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
trade
-
-
-
137
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.

-
-
-
334
health

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

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

-
-
-
74
surtax

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

-
-
-
18
total
-
-
-
563
Employee

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

651
-
1 300
-
health

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

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

74
-
74
-
surtax

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

4
-
18
-
income

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

77
-
334
-
total
155
-
426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
649
1 300
-
-
surtax

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

5
11
-
-
income
97
195
-
-
trade
111
223
-
-
chamber of commerce
3
3
-
-
total
216
432
-
-
Dividends
433
868
-
-
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
104
213
-
-
total
110
225
-
-
Income
1 300
1 300
1 300
1 300
Total tax
481
657
426
563
After tax
819
643
874
737
Living cost
496
496
496
496
Free-cash
323
147
378
241

Estimated living cost  is $496 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
$284
$349
$372
$410
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
-
-
-
154
pensions
-
-
-
290
other
-
-
-
40
health
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
557
Employee
464
-
1 040
-
social contributions
13
-
30
-
surtax
-
-
-
-
income
27
-
171
-
pensions
52
-
58
-
total
92
-
259
-
Employer
464
-
1 040
-
other
16
-
36
-
social contributions
1
-
3
-
unemployment
19
-
42
-
pensions
76
-
100
-
health
32
-
79
-
total
144
-
260
-
Corporate
692
1 300
-
-
surtax
-
-
-
-
income
194
364
-
-
total
194
364
-
-
Dividends
498
936
-
-
surtax
-
-
-
-
social contributions
86
161
-
-
withholding
64
120
-
-
total
150
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
580
645
519
557
After tax
720
655
781
743
Living cost
371
371
371
371
Free-cash
349
284
410
372

Estimated living cost  is $371 per week

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

Source of data for Nice model

Close
Marseille , France
$321
$381
$409
$447
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
-
-
-
154
pensions
-
-
-
290
other
-
-
-
40
health
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
557
Employee
414
-
1 040
-
social contributions
12
-
30
-
surtax
-
-
-
-
income
21
-
171
-
pensions
47
-
58
-
total
80
-
259
-
Employer
414
-
1 040
-
other
14
-
36
-
social contributions
1
-
3
-
unemployment
17
-
42
-
pensions
68
-
100
-
health
29
-
79
-
total
129
-
260
-
Corporate
757
1 300
-
-
surtax
-
-
-
-
income
212
364
-
-
total
212
364
-
-
Dividends
545
936
-
-
surtax
-
-
-
-
social contributions
94
161
-
-
withholding
70
120
-
-
total
164
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
585
645
519
557
After tax
715
655
781
743
Living cost
334
334
334
334
Free-cash
381
321
447
409

Estimated living cost  is $334 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
$564
$568
$605
$596
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
-
-
-
91
social contributions
-
-
-
179
total
-
-
-
465
Employee
367
-
1 300
-
social contributions
51
-
179
-
health
26
-
91
-
income
61
-
204
-
total
138
-
474
-
Employer
367
-
1 300
-
total
-
-
-
-
Corporate
933
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%.

47
65
-
-
total
47
65
-
-
Dividends
886
1 235
-
-
health
62
86
-
-
social contributions
122
170
-
-
withholding
133
185
-
-
total
317
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
502
506
474
465
After tax
798
794
826
835
Living cost
230
230
230
230
Free-cash
568
564
596
605

Estimated living cost  is $230 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
$344
$328
$264
-$14
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
chamber of commerce
-
-
-
5
income
-
-
-
250
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
654
Employee
541
432
1 008
-
other
5
4
10
-
health
21
17
39
-
income
62
32
217
-
pensions
55
44
103
-
unemployment
16
13
30
-
total
159
110
399
-
Employer
541
432
1 008
-
accident
7
6
13
-
other
26
20
48
-
chamber of commerce
2
2
4
-
unemployment
16
13
30
-
surtax
2
2
2
-
pensions
68
54
126
-
payroll
16
13
30
-
health
20
16
38
-
total
157
126
291
-
Corporate
601
742
967
-
income

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

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

150
185
242
-
total
150
185
242
-
Dividends
451
556
-
-
withholding
124
153
-
-
total
124
153
-
-
Income
1 300
1 300
1 300
1 300
Total tax
590
574
932
654
After tax
710
726
368
646
Living cost
382
382
382
382
Free-cash
328
344
-14
264

Estimated living cost  is $382 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$334
$171
$191
$96
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
-
-
-
440
communal

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

-
-
-
66
social contributions
-
-
-
208
total
-
-
-
714
Employee

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

775
-
1 007
-
communal

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

40
-
53
-
health

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

36
-
47
-
pensions

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

58
-
76
-
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
238
-
331
-
total
379
-
516
-
Employer

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

775
-
1 007
-
accident

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

10
-
13
-
unemployment

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

11
-
15
-
surtax
88
-
114
-
pensions

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

69
-
89
-
health

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

48
-
62
-
total
226
-
293
-
Corporate
300
1 300
-
-
surtax
1
5
-
-
income
60
260
-
-
total
61
265
-
-
Dividends
239
1 035
-
-
withholding

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

68
306
-
-
total
68
306
-
-
Income
1 300
1 300
1 300
1 300
Total tax
734
571
809
714
After tax
566
729
491
586
Living cost
395
395
395
395
Free-cash
171
334
96
191

Estimated living cost  is $395 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
$483
$398
$327
$279
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
accident
-
-
-
9
income
-
-
-
281
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
582
Employee
539
-
986
-
other
1
-
1
-
income
114
-
253
-
pensions
25
-
46
-
unemployment
8
-
15
-
total
148
-
315
-
Employer
539
-
986
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
54
-
pensions
127
-
233
-
total
172
-
315
-
Corporate
589
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.

88
195
-
-
total
88
195
-
-
Dividends
501
1 105
-
-
withholding
103
231
-
-
total
103
231
-
-
Income
1 300
1 300
1 300
1 300
Total tax
511
426
630
582
After tax
789
874
670
718
Living cost
391
391
391
391
Free-cash
398
483
279
327

Estimated living cost  is $391 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$197
$98
$122
$174
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
accident
-
-
-
11
income
-
-
-
146
pensions
-
-
-
195
health
-
-
-
91
surtax
-
-
-
64
communal
-
-
-
82
total
-
-
-
589
Employee
820
-
1 161
-
health
37
-
52
-
surtax
50
-
71
-
income
79
-
183
-
pensions
66
-
93
-
total
232
-
399
-
Employer
820
-
1 161
-
accident
7
-
10
-
pensions
66
-
93
-
health
25
-
35
-
total
98
-
138
-
Corporate
382
1 300
-
-
surtax
4
14
-
-
communal
26
88
-
-
income
57
195
-
-
total
87
297
-
-
Dividends
295
1 004
-
-
income
152
66
-
-
withholding
44
151
-
-
total
196
217
-
-
Income
1 300
1 300
1 300
1 300
Total tax
613
514
537
589
After tax
687
786
763
711
Living cost
589
589
589
589
Free-cash
98
197
174
122

Estimated living cost  is $589 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
$575
$541
$394
$371
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
-
-
-
273
pensions
-
-
-
260
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
92
surtax
-
-
-
36
total
-
-
-
663
Employee
365
-
1 074
-
other
-
-
-
-
health
9
-
27
-
surtax
1
-
33
-
income
61
-
253
-
pensions
24
-
72
-
unemployment
25
-
75
-
total
120
-
460
-
Employer
365
-
1 074
-
other
-
-
-
-
unemployment
12
-
34
-
pensions
49
-
143
-
health
17
-
49
-
total
78
-
226
-
Corporate
858
1 300
-
-
income
223
338
-
-
total
223
338
-
-
Dividends
635
962
-
-
withholding
95
144
-
-
total
95
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
516
482
686
663
After tax
784
818
614
637
Living cost
243
243
243
243
Free-cash
541
575
371
394

Estimated living cost  is $243 per week

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

Source of data for Athens model

Close
Naples , Italy
$391
$367
$355
$293
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
-
-
-
8
regional
-
-
-
20
national
-
-
-
291
social contributions
-
-
-
334
total
-
-
-
653
Employee
601
-
1 300
-
social contributions
203
-
438
-
regional
8
-
18
-
municipal
3
-
7
-
national
95
-
252
-
total
309
-
715
-
Employer
601
-
1 300
-
total
-
-
-
-
Corporate
699
1 300
-
-
nationa
168
312
-
-
municipal
35
65
-
-
total
203
377
-
-
Dividends
497
923
-
-
withholding
129
240
-
-
total
129
240
-
-
Income
1 300
1 300
1 300
1 300
Total tax
641
617
715
653
After tax
659
683
585
647
Living cost
292
292
292
292
Free-cash
367
391
293
355

Estimated living cost  is $292 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$575
$462
$319
$340
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
-
-
-
113
health
-
-
-
175
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
661
Employee
470
-
970
-
social contributions
31
-
63
-
health
63
-
131
-
solidarity contribution
-
-
-
-
income
56
-
116
-
total
150
-
310
-
Employer
470
-
970
-
social contributions
118
-
243
-
health
42
-
87
-
total
160
-
330
-
Corporate
670
1 300
-
-
income
127
247
-
-
total
127
247
-
-
Dividends
543
1 053
-
-
withholding
81
158
-
-
total
81
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
518
405
640
661
After tax
782
895
660
639
Living cost
320
320
320
320
Free-cash
462
575
340
319

Estimated living cost  is $320 per week

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

Source of data for Prague model

Close
Graz , Austria
$381
$377
$302
$22
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
chamber of commerce
-
-
-
5
income
-
-
-
250
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
652
Employee
473
432
1 010
-
other
5
4
10
-
health
18
17
39
-
income
42
32
218
-
pensions
48
44
103
-
unemployment
14
13
30
-
total
127
110
400
-
Employer
473
432
1 010
-
accident
6
6
13
-
other
22
20
48
-
chamber of commerce
2
2
4
-
unemployment
14
13
30
-
surtax
-
-
-
-
pensions
59
54
127
-
payroll
14
13
30
-
health
18
16
38
-
total
135
124
290
-
Corporate
690
744
968
-
income

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

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

173
186
242
-
total
173
186
242
-
Dividends
518
558
-
-
withholding
142
153
-
-
total
142
153
-
-
Income
1 300
1 300
1 300
1 300
Total tax
577
573
932
652
After tax
723
727
368
648
Living cost
346
346
346
346
Free-cash
377
381
22
302

Estimated living cost  is $346 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1083
$1054
$1135
$888
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
190
-
1 300
-
income
38
-
260
-
total
38
-
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%.

1 110
1 300
-
-
total
-
-
-
-
Dividends
1 110
1 300
-
-
withholding
56
65
-
-
total
56
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
94
65
260
13
After tax
1 206
1 235
1 040
1 287
Living cost
152
152
152
152
Free-cash
1 054
1 083
888
1 135

Estimated living cost  is $152 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$604
$513
$372
$334
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
-
-
-
270
pensions
-
-
-
237
unemployment
-
-
-
2
health
-
-
-
128
total
-
-
-
637
Employee

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

479
-
1 125
-
health
31
-
73
-
income
83
-
250
-
pensions
74
-
174
-
unemployment
1
-
2
-
total
189
-
499
-
Employer

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

479
-
1 125
-
unemployment
-
-
1
-
pensions
42
-
100
-
health
32
-
75
-
total
74
-
176
-
Corporate
746
1 300
-
-
income
142
247
-
-
total
142
247
-
-
Dividends
605
1 053
-
-
withholding
91
158
-
-
total
91
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
496
405
675
637
After tax
804
895
625
663
Living cost
291
291
291
291
Free-cash
513
604
334
372

Estimated living cost  is $291 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
$323
-$317
$431
$689
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
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
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
1 149
509
143
401
After tax
151
791
1 157
899
Living cost
468
468
468
468
Free-cash
-317
323
689
431

Estimated living cost  is $468 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$399
$388
$376
$297
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
-
-
-
132
surtax
-
-
-
-
social contributions

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

-
-
-
452
total
-
-
-
584
Employee
498
-
1 051
-
social contributions
55
-
116
-
surtax
-
-
-
-
income
104
-
298
-
total
159
-
414
-
Employer
498
-
1 051
-
social contributions
118
-
249
-
total
118
-
249
-
Corporate
684
1 300
-
-
surtax
-
-
-
-
income
144
273
-
-
total
144
273
-
-
Dividends
540
1 027
-
-
withholding
151
288
-
-
total
151
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
572
561
663
584
After tax
728
739
637
716
Living cost
340
340
340
340
Free-cash
388
399
297
376

Estimated living cost  is $340 per week

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

Source of data for Lisbon model

Close
Paris , France
$132
$208
$220
$258
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
-
-
-
154
pensions
-
-
-
290
other
-
-
-
40
health
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
37
total
-
-
-
557
Employee
678
-
1 040
-
social contributions
19
-
30
-
surtax
-
-
-
-
income
59
-
171
-
pensions
77
-
58
-
total
155
-
259
-
Employer
678
-
1 040
-
other
23
-
36
-
social contributions
2
-
3
-
unemployment
27
-
42
-
pensions
111
-
100
-
health
47
-
79
-
total
210
-
260
-
Corporate
410
1 300
-
-
surtax
-
-
-
-
income
115
364
-
-
total
115
364
-
-
Dividends
295
936
-
-
surtax
-
-
-
-
social contributions
51
161
-
-
withholding
38
120
-
-
total
89
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
569
645
519
557
After tax
731
655
781
743
Living cost
523
523
523
523
Free-cash
208
132
258
220

Estimated living cost  is $523 per week

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

Source of data for Paris model

Close
Andorra , Andorra
$844
$807
$652
$688
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
-
-
-
36
social contributions
-
-
-
286
total
-
-
-
322
Employee
348
-
1 126
-
income
-
-
39
-
social contributions
23
-
73
-
total
23
-
112
-
Employer
348
-
1 126
-
social contributions
54
-
174
-
total
54
-
174
-
Corporate
898
1 300
-
-
income
90
130
-
-
total
90
130
-
-
Dividends
808
1 170
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
167
130
286
322
After tax
1 133
1 170
1 014
978
Living cost
326
326
326
326
Free-cash
807
844
688
652

Estimated living cost  is $326 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1061
-$1061
$272
-$1061
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
-
-
-
253
pensions
-
-
-
9
national
-
-
-
141
labour market
-
-
-
103
total
-
-
-
506
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 839
1 839
1 839
506
After tax
-539
-539
-539
794
Living cost
522
522
522
522
Free-cash
-1 061
-1 061
-1 061
272

Estimated living cost  is $522 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-$128
$71
$658
$452
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
accident
-
-
-
3
income
-
-
-
334
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
409
Employee
367
-
1 135
-
health
42
-
130
-
income
50
-
237
-
pensions
41
-
82
-
total
133
-
449
-
Employer
367
-
1 135
-
accident
6
-
19
-
unemployment
9
-
28
-
pensions
60
-
119
-
total
75
-
166
-
Corporate
858
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.

772
1 170
-
-
total
772
1 170
-
-
Dividends
86
130
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
996
1 195
615
409
After tax
304
105
685
891
Living cost
233
233
233
233
Free-cash
71
-128
452
658

Estimated living cost  is $233 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$432
$430
$484
$306
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
health
-
-
-
15
national
-
-
-
154
total
-
-
-
400
Employee
570
-
1 094
-
health
4
-
12
-
municipal
93
-
178
-
pensions
38
-
74
-
unemployment
9
-
16
-
national
9
-
92
-
total
153
-
372
-
Employer
570
-
1 094
-
accident
1
-
1
-
unemployment
4
-
7
-
pensions
99
-
190
-
health
4
-
8
-
total
108
-
206
-
Corporate
623
1 300
-
-
income
125
260
-
-
total
125
260
-
-
Dividends

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

374
780
-
-
national
1
52
-
-
municipal
67
140
-
-
total
68
192
-
-
Income
1 300
1 300
1 300
1 300
Total tax
454
452
578
400
After tax
846
848
722
900
Living cost
416
416
416
416
Free-cash
430
432
306
484

Estimated living cost  is $416 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$700
$642
$661
$647
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
-
-
-
180
health
-
-
-
33
social contributions
-
-
-
175
total
-
-
-
388
Employee
833
833
1 185
-
social contributions
31
69
93
-
health
6
14
20
-
income
91
77
174
-
total
128
160
287
-
Employer
833
833
1 185
-
social contributions
31
69
93
-
health
7
15
22
-
total
38
84
115
-
Corporate
882
383
-
-
income
110
48
-
-
total
110
48
-
-
Dividends
772
335
-
-
withholding
131
57
-
-
total
131
57
-
-
Income
1 300
1 300
1 300
1 300
Total tax
407
349
402
388
After tax
893
951
898
912
Living cost
251
251
251
251
Free-cash
642
700
647
661

Estimated living cost  is $251 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$905
$850
$893
$676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 300
income
-
-
-
127
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
235
Employee

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

249
-
1 194
-
health
21
-
87
-
income
17
-
100
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
346
-
Employer

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

249
-
1 194
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 026
1 300
-
-
income
92
117
-
-
total
92
117
-
-
Dividends
933
1 183
-
-
withholding
84
106
-
-
total
84
106
-
-
Income
1 300
1 300
1 300
1 300
Total tax
278
223
452
235
After tax
1 022
1 077
848
1 065
Living cost
172
172
172
172
Free-cash
850
905
676
893

Estimated living cost  is $172 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$576
$521
$420
$372
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
accident
-
-
-
9
income
-
-
-
281
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
582
Employee
400
-
986
-
other
-
-
1
-
income
77
-
253
-
pensions
19
-
46
-
unemployment
6
-
15
-
total
102
-
315
-
Employer
400
-
986
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
54
-
pensions
95
-
233
-
total
128
-
315
-
Corporate
772
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.

116
195
-
-
total
116
195
-
-
Dividends
656
1 105
-
-
withholding
135
231
-
-
total
135
231
-
-
Income
1 300
1 300
1 300
1 300
Total tax
481
426
630
582
After tax
819
874
670
718
Living cost
298
298
298
298
Free-cash
521
576
372
420

Estimated living cost  is $298 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
$781
$777
$797
$796
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
-
-
-
435
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
473
Employee
45
-
1 276
-
health
2
-
5
-
income
9
-
434
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
450
-
Employer
45
-
1 276
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 245
1 300
-
-
income
274
286
-
-
total
274
286
-
-
Dividends
971
1 014
-
-
withholding
194
203
-
-
total
194
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
493
489
474
473
After tax
807
811
826
827
Living cost
30
30
30
30
Free-cash
777
781
796
797

Estimated living cost  is $30 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$752
$698
$531
$531
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
-
-
-
280
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
582
Employee

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

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

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

282
-
1 157
-
health
15
-
41
-
income
39
-
280
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
439
-
Employer

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

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

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

282
-
1 157
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
967
1 300
-
-
income
145
195
-
-
total
145
195
-
-
Dividends
822
1 105
-
-
withholding
123
166
-
-
total
123
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
415
361
582
582
After tax
885
939
718
718
Living cost
187
187
187
187
Free-cash
698
752
531
531

Estimated living cost  is $187 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$447
$444
$424
$345
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
-
-
-
132
surtax
-
-
-
-
social contributions

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

-
-
-
452
total
-
-
-
584
Employee
420
-
1 051
-
social contributions
46
-
116
-
surtax
-
-
-
-
income
82
-
298
-
total
128
-
414
-
Employer
420
-
1 051
-
social contributions
100
-
249
-
total
100
-
249
-
Corporate
780
1 300
-
-
surtax
-
-
-
-
income
164
273
-
-
total
164
273
-
-
Dividends
616
1 027
-
-
withholding
172
288
-
-
total
172
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
564
561
663
584
After tax
736
739
637
716
Living cost
292
292
292
292
Free-cash
444
447
345
424

Estimated living cost  is $292 per week

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

Source of data for Porto model

Close
Madrid , Spain
$493
$412
$337
$289
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
accident
-
-
-
9
income
-
-
-
281
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
582
Employee
523
-
986
-
other
1
-
1
-
income
109
-
253
-
pensions
25
-
46
-
unemployment
8
-
15
-
total
143
-
315
-
Employer
523
-
986
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
54
-
pensions
123
-
233
-
total
166
-
315
-
Corporate
610
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.

92
195
-
-
total
92
195
-
-
Dividends
519
1 105
-
-
withholding
106
231
-
-
total
106
231
-
-
Income
1 300
1 300
1 300
1 300
Total tax
507
426
630
582
After tax
793
874
670
718
Living cost
381
381
381
381
Free-cash
412
493
289
337

Estimated living cost  is $381 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
$925
$860
$817
$863
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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
297
Employee
247
-
1 226
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
123
-
pensions

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

22
-
33
-
total
61
-
177
-
Employer
247
-
1 226
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 005
1 300
-
-
income
100
130
-
-
total
100
130
-
-
Dividends
904
1 170
-
-
withholding
45
59
-
-
total
45
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
254
189
251
297
After tax
1 046
1 111
1 049
1 003
Living cost
186
186
186
186
Free-cash
860
925
863
817

Estimated living cost  is $186 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$251
$395
$342
$456
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
trade
-
-
-
114
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.

-
-
-
334
health

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

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

-
-
-
74
surtax

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

-
-
-
18
total
-
-
-
540
Employee

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

539
-
1 300
-
health

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

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

74
-
74
-
surtax

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

2
-
18
-
income

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

44
-
334
-
total
120
-
426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
761
1 300
-
-
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
-
-
income
114
195
-
-
trade
109
187
-
-
chamber of commerce
3
4
-
-
total
232
397
-
-
Dividends
529
904
-
-
surtax

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

7
12
-
-
withholding
128
222
-
-
total
135
234
-
-
Income
1 300
1 300
1 300
1 300
Total tax
487
631
426
540
After tax
813
669
874
760
Living cost
418
418
418
418
Free-cash
395
251
456
342

Estimated living cost  is $418 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$292
$317
$222
$222
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
-
-
-
341
social contributions
-
-
-
120
total
-
-
-
461
Employee
847
-
1 300
-
income
160
-
341
-
social contributions
70
-
120
-
total
230
-
461
-
Employer
847
-
1 300
-
total
-
-
-
-
Corporate
453
1 300
-
-
income
57
163
-
-
total
57
163
-
-
Dividends
396
1 137
-
-
withholding
79
228
-
-
total
79
228
-
-
Income
1 300
1 300
1 300
1 300
Total tax
366
391
461
461
After tax
934
909
839
839
Living cost
617
617
617
617
Free-cash
317
292
222
222

Estimated living cost  is $617 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$395
$432
$527
$565
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
-
-
-
308
health

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

-
-
-
72
total
-
-
-
380
Employee
497
-
1 250
-
income
54
-
242
-
social contributions
50
-
50
-
total
104
-
292
-
Employer
497
-
1 250
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
753
1 300
-
-
income
264
455
-
-
total
264
455
-
-
Dividends
490
845
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 300
1 300
1 300
1 300
Total tax
475
512
342
380
After tax
825
788
958
920
Living cost
393
393
393
393
Free-cash
432
395
565
527

Estimated living cost  is $393 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$513
$509
$505
$382
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
-
-
-
306
pensions
-
-
-
85
total
-
-
-
391
Employee
554
-
1 141
-
health
7
-
19
-
income
101
-
226
-
pensions
42
-
110
-
total
150
-
355
-
Employer
554
-
1 141
-
pensions
56
-
137
-
health
11
-
22
-
total
67
-
159
-
Corporate
679
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.

129
247
-
-
total
129
247
-
-
Dividends
550
1 053
-
-
withholding
41
136
-
-
total
41
136
-
-
Income
1 300
1 300
1 300
1 300
Total tax
387
383
514
391
After tax
913
917
786
909
Living cost
404
404
404
404
Free-cash
509
513
382
505

Estimated living cost  is $404 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$151
$67
$635
$429
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
accident
-
-
-
3
income
-
-
-
334
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
409
Employee
403
-
1 135
-
health
46
-
130
-
income
55
-
237
-
pensions
45
-
82
-
total
146
-
449
-
Employer
403
-
1 135
-
accident
7
-
19
-
unemployment
10
-
28
-
pensions
66
-
119
-
total
83
-
166
-
Corporate
814
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.

733
1 170
-
-
total
733
1 170
-
-
Dividends
81
130
-
-
withholding
15
25
-
-
total
15
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
977
1 195
615
409
After tax
323
105
685
891
Living cost
256
256
256
256
Free-cash
67
-151
429
635

Estimated living cost  is $256 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$948
$898
$591
$712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
work injury
-
-
-
7
health insurance
-
-
-
96
income
-
-
-
205
pensions
-
-
-
239
unemployment
-
-
-
16
total
-
-
-
563
Employee

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

234
-
1 300
-
work injury
1
-
4
-
income
23
-
205
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
442
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 066
1 300
-
-
income

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

11
13
-
-
total
11
13
-
-
Dividends
1 055
1 287
-
-
withholding
158
193
-
-
total
158
193
-
-
Income
1 300
1 300
1 300
1 300
Total tax
256
206
442
563
After tax
1 044
1 094
858
737
Living cost
146
146
146
146
Free-cash
898
948
712
591

Estimated living cost  is $146 per week

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

Source of data for Skopje model

Close
Rome , Italy
$253
$204
$206
$147
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
-
-
-
291
social contributions
-
-
-
334
total
-
-
-
662
Employee
913
-
1 300
-
social contributions
308
-
438
-
regional
14
-
24
-
municipal
5
-
8
-
national
154
-
252
-
total
481
-
722
-
Employer
913
-
1 300
-
total
-
-
-
-
Corporate
387
1 300
-
-
nationa
93
312
-
-
municipal
19
63
-
-
total
112
375
-
-
Dividends
276
925
-
-
withholding
72
241
-
-
total
72
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
665
616
722
662
After tax
635
684
578
638
Living cost
432
432
432
432
Free-cash
204
253
147
206

Estimated living cost  is $432 per week

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

Source of data for Rome model

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