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
$ 1350
per

Your estimated
City
free-cash

Dresden , Germany
$326
$558
$431
$457
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.

-
-
-
1 350
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.

-
-
-
338
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.

-
-
-
19
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.

-
-
-
80
trade
-
-
-
127
total
-
-
-
564
Employee

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

449
-
1 350
-
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
-
19
-
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.

13
-
338
-
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.

80
-
80
-
total
94
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
901
1 350
-
-
income
135
203
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
142
213
-
-
total
287
431
-
-
Dividends
614
920
-
-
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
149
226
-
-
total
157
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
669
437
564
After tax
812
681
913
786
Living cost
355
355
355
355
Free-cash
457
326
558
431

Estimated living cost  is $355 per week

$223
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

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
$214
$194
$183
$205
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
-
-
-
1 350
social contributions
-
-
-
15
municipal
-
-
-
142
national
-
-
-
220
pensions
-
-
-
162
total
-
-
-
539
Employee
974
-
1 167
-
municipal
120
-
147
-
pensions
39
-
47
-
national
186
-
228
-
total
345
-
422
-
Employer
974
-
1 167
-
pensions
78
-
93
-
social contributions
10
-
13
-
total
88
-
106
-
Corporate
224
1 350
-
-
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%.

45
270
-
-
total
45
270
-
-
Dividends
179
1 080
-
-
withholding
39
238
-
-
total
39
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
508
528
539
After tax
833
842
822
811
Living cost
628
628
628
628
Free-cash
205
214
194
183

Estimated living cost  is $628 per week

$427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$836
$515
$475
$739
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.

-
-
-
1 350
income
-
-
-
197
surtax
-
-
-
-
social contributions

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

-
-
-
434
microenterprise
-
-
-
-
total
-
-
-
631
Employee
343
-
1 088
-
surtax
-
-
-
-
social contributions

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

38
-
120
-
income
61
-
209
-
total
99
-
329
-
Employer
343
-
1 088
-
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.

83
-
262
-
surtax
-
-
-
-
total
83
-
262
-
Corporate
925
1 350
-
-
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%.

185
270
-
-
total
185
270
-
-
Dividends

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

740
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
367
270
591
631
After tax
983
1 080
759
719
Living cost
244
244
244
244
Free-cash
739
836
515
475

Estimated living cost  is $244 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Riga model

Close
Rotterdam , Netherlands
$166
$218
$280
$94
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
-
-
-
1 350
income
-
-
-
297
health
-
-
-
145
pensions
-
-
-
137
total
-
-
-
579
Employee
1 001
1 001
1 149
-
pensions
180
137
137
-
income

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

164
164
164
-
health
154
131
139
-
total
498
432
440
-
Employer
1 001
1 001
1 149
-
health
70
70
80
-
pensions
70
70
80
-
unemployment
36
36
41
-
total
176
176
201
-
Corporate
185
173
-
-
income
37
35
-
-
total
37
35
-
-
Dividends
148
139
-
-
income
32
29
-
-
withholding
22
21
-
-
total
54
50
-
-
Income
1 350
1 350
1 350
1 350
Total tax
765
693
641
579
After tax
585
657
709
771
Living cost
491
491
491
491
Free-cash
94
166
218
280

Estimated living cost  is $491 per week

$348
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.
$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.
$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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$257
$235
$242
$247
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
-
-
-
1 350
accident
-
-
-
2
other
-
-
-
122
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
312
national
-
-
-
11
pensions
-
-
-
114
total
-
-
-
628
Employee
683
-
1 027
-
municipal
204
-
306
-
national
-
-
7
-
total
204
-
313
-
Employer
683
-
1 027
-
health
42
-
63
-
pensions
74
-
111
-
accident
1
-
2
-
unemployment
18
-
27
-
other
79
-
119
-
total
214
-
322
-
Corporate
452
1 350
-
-
income
99
297
-
-
total
99
297
-
-
Dividends
352
1 053
-
-
withholding
106
316
-
-
total
106
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
623
613
635
628
After tax
727
737
715
722
Living cost
480
480
480
480
Free-cash
247
257
235
242

Estimated living cost  is $480 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$107
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
$214
$452
$320
$379
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.

-
-
-
1 350
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.

-
-
-
338
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.

-
-
-
19
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.

-
-
-
80
trade
-
-
-
132
total
-
-
-
569
Employee

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

595
-
1 350
-
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
-
19
-
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.

51
-
338
-
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.

80
-
80
-
total
134
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
755
1 350
-
-
income
113
203
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
124
222
-
-
total
246
440
-
-
Dividends
509
911
-
-
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
123
223
-
-
total
130
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
675
437
569
After tax
840
675
913
781
Living cost
461
461
461
461
Free-cash
379
214
452
320

Estimated living cost  is $461 per week

$308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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

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
$607
$553
$568
$558
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
-
-
-
1 350
income
-
-
-
178
social contributions
-
-
-
190
health
-
-
-
34
total
-
-
-
402
Employee
902
902
1 226
-
social contributions
44
75
101
-
income
95
83
171
-
health
9
15
21
-
total
148
173
293
-
Employer
902
902
1 226
-
health
10
17
23
-
social contributions
44
75
101
-
total
54
92
124
-
Corporate
769
357
-
-
income
96
45
-
-
total
96
45
-
-
Dividends
672
312
-
-
withholding
114
53
-
-
total
114
53
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
363
417
402
After tax
938
987
933
948
Living cost
380
380
380
380
Free-cash
558
607
553
568

Estimated living cost  is $380 per week

$260
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.
$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 Limassol model

Close
Budapest , Hungary
$546
$569
$721
$549
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
-
-
-
1 350
income
-
-
-
165
unemployment
-
-
-
20
health
-
-
-
95
pensions
-
-
-
135
total
-
-
-
415
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.

309
123
1 130
-
unemployment
5
2
17
-
pensions
31
12
113
-
income
38
15
138
-
health
22
9
79
-
total
96
38
347
-
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.

309
123
1 130
-
pensions
60
24
220
-
total
60
24
220
-
Corporate
981
1 203
-
-
income
88
108
-
-
total
88
108
-
-
Dividends
892
1 095
-
-
social contributions
173
212
-
-
withholding
170
208
-
-
total
343
420
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
590
567
415
After tax
763
760
783
935
Living cost
214
214
214
214
Free-cash
549
546
569
721

Estimated living cost  is $214 per week

$146
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.
$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

Source of data for Budapest model

Close
Tallinn , Estonia
$797
$495
$440
$724
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
-
-
-
1 350
income
-
-
-
181
health
-
-
-
176
pensions
-
-
-
270
total
-
-
-
627
Employee
333
-
1 009
-
unemployment
5
-
16
-
pensions
7
-
20
-
income
37
-
195
-
total
49
-
231
-
Employer
333
-
1 009
-
health
43
-
131
-
pensions
67
-
202
-
unemployment
3
-
8
-
total
113
-
341
-
Corporate
905
1 350
-
-
income
181
270
-
-
total
181
270
-
-
Dividends
724
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
343
270
572
627
After tax
1 007
1 080
778
723
Living cost
283
283
283
283
Free-cash
724
797
495
440

Estimated living cost  is $283 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$152
$446
$665
$69
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
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
342
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
49
total
-
-
-
424
Employee
410
-
1 171
-
pensions
46
-
90
-
income
56
-
239
-
health
47
-
134
-
total
149
-
463
-
Employer
410
-
1 171
-
pensions
67
-
131
-
accident
7
-
20
-
unemployment
10
-
29
-
total
84
-
180
-
Corporate
856
1 350
-
-
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.

771
1 215
-
-
total
771
1 215
-
-
Dividends
86
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 020
1 241
643
424
After tax
330
109
707
926
Living cost
261
261
261
261
Free-cash
69
-152
446
665

Estimated living cost  is $261 per week

$191
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.
$50
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
$1186
$983
$1240
$1168
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%.

-
-
-
1 350
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
121
-
1 350
-
income
24
-
270
-
total
24
-
270
-
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%.

1 229
1 350
-
-
total
-
-
-
-
Dividends
1 229
1 350
-
-
withholding
61
67
-
-
total
61
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
85
67
270
13
After tax
1 265
1 283
1 080
1 337
Living cost
97
97
97
97
Free-cash
1 168
1 186
983
1 240

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
$679
$470
$414
$602
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
-
-
-
1 350
income
-
-
-
176
other
-
-
-
64
health
-
-
-
59
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.

-
-
-
324
total
-
-
-
623
Employee
426
-
1 078
-
unemployment
4
-
11
-
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.

30
-
75
-
income
73
-
195
-
health
6
-
15
-
total
113
-
296
-
Employer
426
-
1 078
-
health
6
-
15
-
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.

72
-
183
-
accident
3
-
9
-
unemployment
4
-
11
-
other
21
-
54
-
total
106
-
272
-
Corporate
817
1 350
-
-
income
172
284
-
-
total
172
284
-
-
Dividends
645
1 066
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
436
359
568
623
After tax
914
991
782
727
Living cost
312
312
312
312
Free-cash
602
679
470
414

Estimated living cost  is $312 per week

$221
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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$180
$42
$169
$73
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
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
1 102
-
1 186
-
pensions
106
-
116
-
income
199
-
228
-
health
18
-
20
-
total
323
-
364
-
Employer
1 102
-
1 186
-
health
21
-
23
-
pensions
130
-
142
-
total
151
-
165
-
Corporate
97
1 350
-
-
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.

18
257
-
-
total
18
257
-
-
Dividends
79
1 093
-
-
withholding
6
134
-
-
total
6
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
498
391
529
402
After tax
852
959
821
948
Living cost
779
779
779
779
Free-cash
73
180
42
169

Estimated living cost  is $779 per week

$584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
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

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
$1000
$929
$884
$947
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
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
312
Employee
204
-
1 270
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
127
-
health
9
-
19
-
total
49
-
187
-
Employer
204
-
1 270
-
health
14
-
28
-
pensions

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

22
-
45
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
39
-
80
-
Corporate
1 106
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
996
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
267
312
After tax
1 101
1 154
1 083
1 038
Living cost
154
154
154
154
Free-cash
947
1 000
929
884

Estimated living cost  is $154 per week

$90
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.
$49
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
$7
$59
$121
$37
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
-
-
-
1 350
income
-
-
-
297
health
-
-
-
145
pensions
-
-
-
137
total
-
-
-
579
Employee
1 087
1 001
1 149
-
pensions
137
137
137
-
income

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

164
164
164
-
health
136
131
139
-
total
437
432
440
-
Employer
1 087
1 001
1 149
-
health
76
70
80
-
pensions
76
70
80
-
unemployment
39
36
41
-
total
191
176
201
-
Corporate
72
173
-
-
income
14
35
-
-
total
14
35
-
-
Dividends
58
139
-
-
income
12
29
-
-
withholding
9
21
-
-
total
21
50
-
-
Income
1 350
1 350
1 350
1 350
Total tax
663
693
641
579
After tax
687
657
709
771
Living cost
650
650
650
650
Free-cash
37
7
59
121

Estimated living cost  is $650 per week

$480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$639
$394
$367
$535
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
-
-
-
1 350
income
-
-
-
116
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
692
Employee
429
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
28
-
65
-
income
51
-
121
-
health
58
-
136
-
total
137
-
322
-
Employer
429
-
1 007
-
health
39
-
91
-
social contributions
107
-
252
-
total
146
-
343
-
Corporate
776
1 350
-
-
income
147
256
-
-
total
147
256
-
-
Dividends
628
1 094
-
-
withholding
94
164
-
-
total
94
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
524
420
665
692
After tax
826
930
685
658
Living cost
291
291
291
291
Free-cash
535
639
394
367

Estimated living cost  is $291 per week

$202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$225
$122
$186
$163
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
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
15
municipal
-
-
-
8
national
-
-
-
299
total
-
-
-
669
Employee
1 042
-
1 350
-
municipal
6
-
7
-
national
181
-
258
-
regional
10
-
13
-
social contributions
351
-
455
-
total
548
-
733
-
Employer
1 042
-
1 350
-
total
-
-
-
-
Corporate
308
1 350
-
-
municipal
12
53
-
-
nationa
74
324
-
-
total
86
377
-
-
Dividends
222
973
-
-
withholding
58
253
-
-
total
58
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
630
733
669
After tax
658
720
617
681
Living cost
495
495
495
495
Free-cash
163
225
122
186

Estimated living cost  is $495 per week

$345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$590
$387
$409
$553
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
-
-
-
1 350
income
-
-
-
277
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
682
Employee
388
-
1 115
-
other
-
-
-
-
unemployment
27
-
78
-
pensions
26
-
74
-
surtax
1
-
33
-
income
65
-
256
-
health
10
-
28
-
total
129
-
469
-
Employer
388
-
1 115
-
health
18
-
51
-
pensions
52
-
149
-
unemployment
12
-
35
-
other
-
-
-
-
total
82
-
235
-
Corporate
881
1 350
-
-
income
229
351
-
-
total
229
351
-
-
Dividends
652
999
-
-
withholding
98
150
-
-
total
98
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
704
682
After tax
812
849
646
668
Living cost
259
259
259
259
Free-cash
553
590
387
409

Estimated living cost  is $259 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$427
$289
$416
$388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
738
-
1 186
-
pensions
63
-
116
-
income
133
-
228
-
health
11
-
20
-
total
207
-
364
-
Employer
738
-
1 186
-
health
14
-
23
-
pensions
80
-
142
-
total
94
-
165
-
Corporate
518
1 350
-
-
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.

98
257
-
-
total
98
257
-
-
Dividends
419
1 093
-
-
withholding
31
134
-
-
total
31
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
430
391
529
402
After tax
920
959
821
948
Living cost
532
532
532
532
Free-cash
388
427
289
416

Estimated living cost  is $532 per week

$399
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

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
-$314
$123
$190
$84
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
-
-
-
1 350
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.

-
-
-
27
regional
-
-
-
50
health
-
-
-
3
city
-
-
-
14
national
-
-
-
11
pensions
-
-
-
124
total
-
-
-
229
Employee
1 090
-
1 208
-
unemployment
-
-
-
-
pensions
92
-
101
-
national
5
-
8
-
regional
36
-
43
-
city
12
-
13
-
health
2
-
3
-
total
147
-
168
-
Employer
1 090
-
1 208
-
health
2
-
3
-
pensions
92
-
101
-
unemployment
-
-
-
-
other

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

22
-
24
-
total
116
-
128
-
Corporate
133
1 350
-
-
regional
28
286
-
-
national
11
115
-
-
total
39
401
-
-
Dividends
93
950
-
-
withholding
33
332
-
-
total
33
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
335
733
296
229
After tax
1 015
617
1 054
1 121
Living cost
931
931
931
931
Free-cash
84
-314
123
190

Estimated living cost  is $931 per week

$606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
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.
$231
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
$130
$376
$238
$320
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.

-
-
-
1 350
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.

-
-
-
338
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.

-
-
-
19
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.

-
-
-
80
trade
-
-
-
138
total
-
-
-
575
Employee

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

705
-
1 350
-
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
-
19
-
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.

83
-
338
-
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.

80
-
80
-
total
168
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
645
1 350
-
-
income
97
203
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
111
232
-
-
total
216
450
-
-
Dividends
430
901
-
-
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
103
221
-
-
total
109
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
683
437
575
After tax
857
667
913
775
Living cost
537
537
537
537
Free-cash
320
130
376
238

Estimated living cost  is $537 per week

$392
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.
$95
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
$280
$421
$371
$348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
154
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
total
-
-
-
578
Employee
502
-
1 084
-
pensions
57
-
58
-
surtax
-
-
-
-
social contributions
14
-
31
-
income
30
-
174
-
total
101
-
263
-
Employer
502
-
1 084
-
health
35
-
80
-
pensions
82
-
101
-
unemployment
20
-
44
-
social contributions
2
-
3
-
other
17
-
37
-
total
156
-
265
-
Corporate
691
1 350
-
-
income
194
378
-
-
surtax
-
-
-
-
total
194
378
-
-
Dividends
498
972
-
-
surtax
-
-
-
-
social contributions
86
167
-
-
withholding
64
124
-
-
total
150
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
601
669
528
578
After tax
749
681
822
772
Living cost
401
401
401
401
Free-cash
348
280
421
371

Estimated living cost  is $401 per week

$253
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.
$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.
$109
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
$320
$461
$411
$386
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
-
-
-
1 350
income
-
-
-
154
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
total
-
-
-
578
Employee
448
-
1 084
-
pensions
51
-
58
-
surtax
-
-
-
-
social contributions
13
-
31
-
income
23
-
174
-
total
87
-
263
-
Employer
448
-
1 084
-
health
31
-
80
-
pensions
74
-
101
-
unemployment
18
-
44
-
social contributions
1
-
3
-
other
15
-
37
-
total
139
-
265
-
Corporate
762
1 350
-
-
income
213
378
-
-
surtax
-
-
-
-
total
213
378
-
-
Dividends
549
972
-
-
surtax
-
-
-
-
social contributions
94
167
-
-
withholding
70
124
-
-
total
164
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
603
669
528
578
After tax
747
681
822
772
Living cost
361
361
361
361
Free-cash
386
320
461
411

Estimated living cost  is $361 per week

$210
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.
$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.
$108
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
$574
$612
$618
$580
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
-
-
-
1 350
income
-
-
-
203
social contributions
-
-
-
186
health
-
-
-
94
total
-
-
-
483
Employee
398
-
1 350
-
social contributions
55
-
186
-
income
66
-
209
-
health
28
-
94
-
total
149
-
489
-
Employer
398
-
1 350
-
total
-
-
-
-
Corporate
952
1 350
-
-
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%.

48
68
-
-
total
48
68
-
-
Dividends
905
1 282
-
-
social contributions
125
177
-
-
withholding
136
192
-
-
health
63
90
-
-
total
324
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
527
489
483
After tax
829
823
861
867
Living cost
249
249
249
249
Free-cash
580
574
612
618

Estimated living cost  is $249 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Vilnius model

Close
Vienna , Austria
$341
-$26
$257
$321
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
-
-
-
1 350
income
-
-
-
248
surtax
-
-
-
2
unemployment
-
-
-
72
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
680
Employee
586
467
1 047
-
other
6
5
10
-
unemployment
18
14
31
-
pensions
60
48
107
-
income
67
34
220
-
health
23
18
41
-
total
174
119
409
-
Employer
586
467
1 047
-
chamber of commerce
2
2
4
-
health
22
18
40
-
pensions
74
59
131
-
accident
8
6
14
-
unemployment
18
14
31
-
surtax
2
2
2
-
payroll
18
14
31
-
other
28
22
50
-
total
172
137
303
-
Corporate
593
746
1 002
-
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.

148
186
251
-
total
148
186
251
-
Dividends
445
559
-
-
withholding
122
154
-
-
total
122
154
-
-
Income
1 350
1 350
1 350
1 350
Total tax
616
596
963
680
After tax
734
754
387
670
Living cost
413
413
413
413
Free-cash
321
341
-26
257

Estimated living cost  is $413 per week

$276
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.
$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.
$96
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
$329
$87
$186
$154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
communal

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

-
-
-
68
social contributions
-
-
-
217
national
-
-
-
451
total
-
-
-
736
Employee

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

839
-
1 046
-
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
-
communal

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

44
-
55
-
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.

63
-
78
-
national
258
-
339
-
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.

39
-
49
-
total
411
-
530
-
Employer

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

839
-
1 046
-
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.

52
-
64
-
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.

74
-
93
-
accident

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

11
-
14
-
unemployment

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

12
-
15
-
surtax
95
-
119
-
total
244
-
305
-
Corporate
267
1 350
-
-
income
53
270
-
-
surtax
1
5
-
-
total
54
275
-
-
Dividends
212
1 075
-
-
withholding

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

59
318
-
-
total
59
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
768
593
835
736
After tax
582
757
515
614
Living cost
428
428
428
428
Free-cash
154
329
87
186

Estimated living cost  is $428 per week

$275
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.
$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.
$108
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
$484
$276
$316
$391
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
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
308
total
-
-
-
610
Employee
584
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
27
-
48
-
income
123
-
259
-
total
160
-
324
-
Employer
584
-
1 024
-
pensions
138
-
242
-
accident
12
-
20
-
unemployment
32
-
56
-
other
5
-
8
-
total
187
-
326
-
Corporate
580
1 350
-
-
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.

87
203
-
-
total
87
203
-
-
Dividends
493
1 147
-
-
withholding
101
239
-
-
total
101
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
535
442
650
610
After tax
815
908
700
740
Living cost
424
424
424
424
Free-cash
391
484
276
316

Estimated living cost  is $424 per week

$312
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.
$75
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
$183
$165
$110
$94
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
-
-
-
1 350
communal
-
-
-
85
accident
-
-
-
11
income
-
-
-
143
surtax
-
-
-
67
health
-
-
-
95
pensions
-
-
-
202
total
-
-
-
603
Employee
888
-
1 206
-
pensions
71
-
96
-
surtax
54
-
74
-
income
86
-
180
-
health
40
-
54
-
total
251
-
404
-
Employer
888
-
1 206
-
health
27
-
37
-
pensions
71
-
96
-
accident
8
-
11
-
total
106
-
144
-
Corporate
356
1 350
-
-
communal
-
91
-
-
income
53
203
-
-
surtax
4
14
-
-
total
57
308
-
-
Dividends
299
1 042
-
-
income
160
66
-
-
withholding
45
156
-
-
total
205
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
619
530
548
603
After tax
731
820
802
747
Living cost
637
637
637
637
Free-cash
94
183
165
110

Estimated living cost  is $637 per week

$478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Luxembourg model

Close
Athens , Greece
$586
$383
$405
$549
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
-
-
-
1 350
income
-
-
-
277
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
682
Employee
395
-
1 115
-
other
-
-
-
-
unemployment
27
-
78
-
pensions
26
-
74
-
surtax
1
-
33
-
income
66
-
256
-
health
10
-
28
-
total
130
-
469
-
Employer
395
-
1 115
-
health
18
-
51
-
pensions
53
-
149
-
unemployment
13
-
35
-
other
-
-
-
-
total
84
-
235
-
Corporate
872
1 350
-
-
income
227
351
-
-
total
227
351
-
-
Dividends
645
999
-
-
withholding
97
150
-
-
total
97
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
704
682
After tax
812
849
646
668
Living cost
263
263
263
263
Free-cash
549
586
383
405

Estimated living cost  is $263 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$75
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
$394
$296
$360
$368
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
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
20
municipal
-
-
-
8
national
-
-
-
299
total
-
-
-
674
Employee
651
-
1 350
-
municipal
3
-
7
-
national
103
-
258
-
regional
9
-
18
-
social contributions
219
-
455
-
total
334
-
738
-
Employer
651
-
1 350
-
total
-
-
-
-
Corporate
699
1 350
-
-
municipal
35
67
-
-
nationa
168
324
-
-
total
203
391
-
-
Dividends
497
959
-
-
withholding
129
249
-
-
total
129
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
666
640
738
674
After tax
684
710
612
676
Living cost
316
316
316
316
Free-cash
368
394
296
360

Estimated living cost  is $316 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Source

Source of data for Naples model

Close
Prague , Czech Republic
$571
$326
$299
$443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
116
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
692
Employee
528
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
34
-
65
-
income
63
-
121
-
health
71
-
136
-
total
168
-
322
-
Employer
528
-
1 007
-
health
48
-
91
-
social contributions
132
-
252
-
total
180
-
343
-
Corporate
642
1 350
-
-
income
122
256
-
-
total
122
256
-
-
Dividends
520
1 094
-
-
withholding
78
164
-
-
total
78
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
548
420
665
692
After tax
802
930
685
658
Living cost
359
359
359
359
Free-cash
443
571
326
299

Estimated living cost  is $359 per week

$267
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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$381
$14
$298
$377
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
-
-
-
1 350
income
-
-
-
248
surtax
-
-
-
-
unemployment
-
-
-
72
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
678
Employee
513
467
1 048
-
other
5
5
10
-
unemployment
15
14
31
-
pensions
53
48
107
-
income
46
34
220
-
health
20
18
41
-
total
139
119
409
-
Employer
513
467
1 048
-
chamber of commerce
2
2
4
-
health
19
18
40
-
pensions
64
59
132
-
accident
7
6
14
-
unemployment
15
14
31
-
surtax
-
-
-
-
payroll
15
14
31
-
other
24
22
50
-
total
146
135
302
-
Corporate
690
748
1 004
-
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.

172
187
251
-
total
172
187
251
-
Dividends
517
561
-
-
withholding
142
154
-
-
total
142
154
-
-
Income
1 350
1 350
1 350
1 350
Total tax
599
595
962
678
After tax
751
755
388
672
Living cost
374
374
374
374
Free-cash
377
381
14
298

Estimated living cost  is $374 per week

$224
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1133
$930
$1187
$1104
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%.

-
-
-
1 350
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
188
-
1 350
-
income
38
-
270
-
total
38
-
270
-
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%.

1 162
1 350
-
-
total
-
-
-
-
Dividends
1 162
1 350
-
-
withholding
58
67
-
-
total
58
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
96
67
270
13
After tax
1 254
1 283
1 080
1 337
Living cost
150
150
150
150
Free-cash
1 104
1 133
930
1 187

Estimated living cost  is $150 per week

$102
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.
$37
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
$615
$337
$375
$517
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.

-
-
-
1 350
income
-
-
-
278
unemployment
-
-
-
2
health
-
-
-
133
pensions
-
-
-
247
total
-
-
-
660
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.

519
-
1 168
-
unemployment
1
-
2
-
pensions
80
-
181
-
income
89
-
258
-
health
33
-
75
-
total
203
-
516
-
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.

519
-
1 168
-
health
35
-
78
-
pensions
46
-
103
-
unemployment
-
-
1
-
total
81
-
182
-
Corporate
751
1 350
-
-
income
143
256
-
-
total
143
256
-
-
Dividends
608
1 094
-
-
withholding
91
164
-
-
total
91
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
518
420
698
660
After tax
832
930
652
690
Living cost
315
315
315
315
Free-cash
517
615
337
375

Estimated living cost  is $315 per week

$216
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.
$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 Ljubljana model

Close
Oslo , Norway
$311
$684
$423
-$412
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
-
-
-
1 350
income
-
-
-
263
social contributions
-
-
-
154
total
-
-
-
417
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 031
-
147
-
total
1 031
-
147
-
Corporate
-
1 350
-
-
income
-
297
-
-
total
-
297
-
-
Dividends
-
1 053
-
-
income
-
232
-
-
total
-
232
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 252
529
156
417
After tax
98
821
1 194
933
Living cost
510
510
510
510
Free-cash
-412
311
684
423

Estimated living cost  is $510 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$125
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
$299
$379
$389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 350
income
-
-
-
134
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
603
Employee
539
-
1 091
-
surtax
-
-
-
-
social contributions
59
-
120
-
income
112
-
304
-
total
171
-
424
-
Employer
539
-
1 091
-
social contributions
128
-
259
-
total
128
-
259
-
Corporate
683
1 350
-
-
income
143
284
-
-
surtax
-
-
-
-
total
143
284
-
-
Dividends
539
1 066
-
-
withholding
151
299
-
-
total
151
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
593
583
683
603
After tax
757
767
667
747
Living cost
368
368
368
368
Free-cash
389
399
299
379

Estimated living cost  is $368 per week

$275
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

Source of data for Lisbon model

Close
Paris , France
$115
$256
$206
$195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
154
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
35
pensions
-
-
-
309
total
-
-
-
578
Employee
735
-
1 084
-
pensions
83
-
58
-
surtax
-
-
-
-
social contributions
21
-
31
-
income
64
-
174
-
total
168
-
263
-
Employer
735
-
1 084
-
health
51
-
80
-
pensions
121
-
101
-
unemployment
30
-
44
-
social contributions
2
-
3
-
other
25
-
37
-
total
229
-
265
-
Corporate
386
1 350
-
-
income
108
378
-
-
surtax
-
-
-
-
total
108
378
-
-
Dividends
278
972
-
-
surtax
-
-
-
-
social contributions
48
167
-
-
withholding
36
124
-
-
total
84
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
589
669
528
578
After tax
761
681
822
772
Living cost
566
566
566
566
Free-cash
195
115
256
206

Estimated living cost  is $566 per week

$383
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.
$129
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
$862
$702
$666
$823
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
-
-
-
1 350
income
-
-
-
34
social contributions
-
-
-
297
total
-
-
-
331
Employee
377
-
1 169
-
income
-
-
38
-
social contributions
25
-
76
-
total
25
-
114
-
Employer
377
-
1 169
-
social contributions
58
-
181
-
total
58
-
181
-
Corporate
915
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
823
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
174
135
295
331
After tax
1 176
1 215
1 055
1 019
Living cost
353
353
353
353
Free-cash
823
862
702
666

Estimated living cost  is $353 per week

$228
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.
$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.
$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

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
-$1202
-$1202
$263
-$1202
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
-
-
-
1 350
labour market
-
-
-
107
municipal
-
-
-
260
national
-
-
-
146
pensions
-
-
-
10
total
-
-
-
523
Employee
2 382
2 382
2 382
-
municipal
507
507
507
-
labour market
190
190
190
-
pensions
3
3
3
-
national
291
291
291
-
total
991
991
991
-
Employer
2 382
2 382
2 382
-
national
291
291
291
-
labour market
191
191
191
-
pensions
7
7
7
-
municipal
508
508
508
-
total
997
997
997
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 988
1 988
1 988
523
After tax
-638
-638
-638
827
Living cost
564
564
564
564
Free-cash
-1 202
-1 202
-1 202
263

Estimated living cost  is $564 per week

$386
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.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$148
$450
$669
$70
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
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
342
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
49
total
-
-
-
424
Employee
404
-
1 171
-
pensions
46
-
90
-
income
55
-
239
-
health
46
-
134
-
total
147
-
463
-
Employer
404
-
1 171
-
pensions
66
-
131
-
accident
7
-
20
-
unemployment
10
-
29
-
total
83
-
180
-
Corporate
863
1 350
-
-
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.

777
1 215
-
-
total
777
1 215
-
-
Dividends
86
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 023
1 241
643
424
After tax
327
109
707
926
Living cost
257
257
257
257
Free-cash
70
-148
450
669

Estimated living cost  is $257 per week

$187
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.
$50
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
$434
$304
$489
$426
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

-
-
-
1 350
health
-
-
-
16
municipal
-
-
-
240
national
-
-
-
155
total
-
-
-
411
Employee
617
-
1 136
-
municipal
101
-
185
-
unemployment
9
-
17
-
pensions
42
-
77
-
national
10
-
90
-
health
5
-
13
-
total
167
-
382
-
Employer
617
-
1 136
-
health
5
-
9
-
pensions
107
-
197
-
accident
1
-
1
-
unemployment
4
-
7
-
total
117
-
214
-
Corporate
617
1 350
-
-
income
123
270
-
-
total
123
270
-
-
Dividends

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

370
810
-
-
municipal
67
146
-
-
national
-
50
-
-
total
67
196
-
-
Income
1 350
1 350
1 350
1 350
Total tax
474
466
596
411
After tax
876
884
754
939
Living cost
450
450
450
450
Free-cash
426
434
304
489

Estimated living cost  is $450 per week

$294
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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$715
$661
$676
$651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
178
social contributions
-
-
-
190
health
-
-
-
34
total
-
-
-
402
Employee
902
902
1 226
-
social contributions
34
75
101
-
income
98
83
171
-
health
7
15
21
-
total
139
173
293
-
Employer
902
902
1 226
-
health
8
17
23
-
social contributions
34
75
101
-
total
42
92
124
-
Corporate
898
357
-
-
income
112
45
-
-
total
112
45
-
-
Dividends
785
312
-
-
withholding
134
53
-
-
total
134
53
-
-
Income
1 350
1 350
1 350
1 350
Total tax
427
363
417
402
After tax
923
987
933
948
Living cost
272
272
272
272
Free-cash
651
715
661
676

Estimated living cost  is $272 per week

$163
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$932
$679
$916
$873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
1 350
income
-
-
-
131
unemployment
-
-
-
-
health
-
-
-
42
pensions
-
-
-
75
total
-
-
-
248
Employee

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

269
-
1 235
-
unemployment
1
-
6
-
pensions
40
-
167
-
income
18
-
102
-
health
23
-
95
-
total
82
-
370
-
Employer

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

269
-
1 235
-
health
12
-
48
-
pensions
15
-
61
-
unemployment
1
-
6
-
total
28
-
115
-
Corporate
1 053
1 350
-
-
income
95
121
-
-
total
95
121
-
-
Dividends
958
1 229
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
291
232
485
248
After tax
1 059
1 118
865
1 102
Living cost
186
186
186
186
Free-cash
873
932
679
916

Estimated living cost  is $186 per week

$119
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.
$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.
$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 Podgorica model

Close
Valencia , Spain
$586
$378
$418
$526
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
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
308
total
-
-
-
610
Employee
434
-
1 024
-
other
-
-
1
-
unemployment
7
-
16
-
pensions
20
-
48
-
income
84
-
259
-
total
111
-
324
-
Employer
434
-
1 024
-
pensions
102
-
242
-
accident
9
-
20
-
unemployment
24
-
56
-
other
3
-
8
-
total
138
-
326
-
Corporate
778
1 350
-
-
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.

117
203
-
-
total
117
203
-
-
Dividends
661
1 147
-
-
withholding
136
239
-
-
total
136
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
502
442
650
610
After tax
848
908
700
740
Living cost
322
322
322
322
Free-cash
526
586
378
418

Estimated living cost  is $322 per week

$218
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$819
$839
$841
$815
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
-
-
-
1 350
income
-
-
-
457
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
486
Employee
35
-
1 331
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
456
-
health
2
-
4
-
total
12
-
469
-
Employer
35
-
1 331
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 307
1 350
-
-
income
288
297
-
-
total
288
297
-
-
Dividends
1 019
1 053
-
-
withholding
204
211
-
-
total
204
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
512
508
488
486
After tax
838
842
862
864
Living cost
23
23
23
23
Free-cash
815
819
839
841

Estimated living cost  is $23 per week

$14
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.
$7
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
$773
$533
$533
$715
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.

-
-
-
1 350
income
-
-
-
287
unemployment
-
-
-
13
health
-
-
-
89
pensions
-
-
-
225
total
-
-
-
614
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.

306
-
1 195
-
unemployment
2
-
6
-
pensions
43
-
121
-
income
42
-
287
-
health
16
-
45
-
total
103
-
459
-
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.

306
-
1 195
-
health
16
-
45
-
pensions
37
-
104
-
unemployment
2
-
6
-
total
55
-
155
-
Corporate
989
1 350
-
-
income
148
202
-
-
total
148
202
-
-
Dividends
841
1 148
-
-
withholding
126
172
-
-
total
126
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
374
614
614
After tax
918
976
736
736
Living cost
203
203
203
203
Free-cash
715
773
533
533

Estimated living cost  is $203 per week

$137
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.
$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.
$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 Belgrade model

Close
Porto , Portugal
$451
$351
$431
$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

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.

-
-
-
1 350
income
-
-
-
134
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
603
Employee
455
-
1 091
-
surtax
-
-
-
-
social contributions
50
-
120
-
income
89
-
304
-
total
139
-
424
-
Employer
455
-
1 091
-
social contributions
108
-
259
-
total
108
-
259
-
Corporate
787
1 350
-
-
income
165
284
-
-
surtax
-
-
-
-
total
165
284
-
-
Dividends
622
1 066
-
-
withholding
174
299
-
-
total
174
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
586
583
683
603
After tax
764
767
667
747
Living cost
316
316
316
316
Free-cash
448
451
351
431

Estimated living cost  is $316 per week

$224
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

Source of data for Porto model

Close
Madrid , Spain
$496
$288
$328
$407
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
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
308
total
-
-
-
610
Employee
566
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
27
-
48
-
income
118
-
259
-
total
155
-
324
-
Employer
566
-
1 024
-
pensions
134
-
242
-
accident
11
-
20
-
unemployment
31
-
56
-
other
5
-
8
-
total
181
-
326
-
Corporate
603
1 350
-
-
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.

90
203
-
-
total
90
203
-
-
Dividends
513
1 147
-
-
withholding
105
239
-
-
total
105
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
531
442
650
610
After tax
819
908
700
740
Living cost
412
412
412
412
Free-cash
407
496
288
328

Estimated living cost  is $412 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Madrid model

Close
Sofia , Bulgaria
$952
$881
$836
$882
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
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
312
Employee
267
-
1 270
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

23
-
36
-
income
27
-
127
-
health
12
-
19
-
total
65
-
187
-
Employer
267
-
1 270
-
health
18
-
28
-
pensions

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

29
-
45
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
52
-
80
-
Corporate
1 031
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
927
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
266
196
267
312
After tax
1 084
1 154
1 083
1 038
Living cost
202
202
202
202
Free-cash
882
952
881
836

Estimated living cost  is $202 per week

$133
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.
$52
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
$242
$460
$345
$396
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.

-
-
-
1 350
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.

-
-
-
338
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.

-
-
-
19
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.

-
-
-
80
trade
-
-
-
115
total
-
-
-
552
Employee

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

584
-
1 350
-
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
-
19
-
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.

48
-
338
-
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.

80
-
80
-
total
131
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
766
1 350
-
-
income
115
203
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
110
194
-
-
total
234
412
-
-
Dividends
532
939
-
-
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
13
-
-
withholding
129
230
-
-
total
136
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
501
655
437
552
After tax
849
695
913
798
Living cost
453
453
453
453
Free-cash
396
242
460
345

Estimated living cost  is $453 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
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.
$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 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
$277
$212
$212
$303
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
-
-
-
1 350
income
-
-
-
346
social contributions
-
-
-
124
total
-
-
-
470
Employee
917
-
1 350
-
income
173
-
346
-
social contributions
76
-
124
-
total
249
-
470
-
Employer
917
-
1 350
-
total
-
-
-
-
Corporate
433
1 350
-
-
income
54
169
-
-
total
54
169
-
-
Dividends
379
1 181
-
-
withholding
76
236
-
-
total
76
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
379
405
470
470
After tax
971
945
880
880
Living cost
668
668
668
668
Free-cash
303
277
212
212

Estimated living cost  is $668 per week

$508
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$389
$568
$518
$431
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.

-
-
-
1 350
income
-
-
-
334
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
-
-
-
406
Employee
538
-
1 296
-
income
58
-
248
-
social contributions
54
-
54
-
total
112
-
302
-
Employer
538
-
1 296
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
758
1 350
-
-
income
265
473
-
-
total
265
473
-
-
Dividends
493
877
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
535
356
406
After tax
857
815
994
944
Living cost
426
426
426
426
Free-cash
431
389
568
518

Estimated living cost  is $426 per week

$280
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$526
$389
$516
$514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
594
-
1 186
-
pensions
45
-
116
-
income
108
-
228
-
health
8
-
20
-
total
161
-
364
-
Employer
594
-
1 186
-
health
11
-
23
-
pensions
60
-
142
-
total
71
-
165
-
Corporate
685
1 350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

130
257
-
-
total
130
257
-
-
Dividends
555
1 093
-
-
withholding
42
134
-
-
total
42
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
404
391
529
402
After tax
946
959
821
948
Living cost
433
433
433
433
Free-cash
514
526
389
516

Estimated living cost  is $433 per week

$297
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.
$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.
$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 Edinburgh model

Close
Warsaw , Poland
-$173
$425
$644
$67
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
342
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
49
total
-
-
-
424
Employee
444
-
1 171
-
pensions
50
-
90
-
income
61
-
239
-
health
51
-
134
-
total
162
-
463
-
Employer
444
-
1 171
-
pensions
72
-
131
-
accident
7
-
20
-
unemployment
11
-
29
-
total
90
-
180
-
Corporate
815
1 350
-
-
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.

734
1 215
-
-
total
734
1 215
-
-
Dividends
82
135
-
-
withholding
15
26
-
-
total
15
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 001
1 241
643
424
After tax
349
109
707
926
Living cost
282
282
282
282
Free-cash
67
-173
425
644

Estimated living cost  is $282 per week

$207
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.
$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.
$53
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

Close
Skopje , Macedonia
$979
$723
$609
$923
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.

-
-
-
1 350
income
-
-
-
212
unemployment
-
-
-
16
work injury
-
-
-
7
health insurance
-
-
-
100
pensions
-
-
-
248
total
-
-
-
583
Employee

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

253
-
1 350
-
health insurance
19
-
69
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
172
-
income
25
-
212
-
total
95
-
469
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 097
1 350
-
-
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
1 086
1 337
-
-
withholding
163
200
-
-
total
163
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
213
469
583
After tax
1 081
1 137
881
767
Living cost
158
158
158
158
Free-cash
923
979
723
609

Estimated living cost  is $158 per week

$98
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$244
$138
$199
$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
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
29
municipal
-
-
-
9
national
-
-
-
299
total
-
-
-
684
Employee
988
-
1 350
-
municipal
6
-
8
-
national
167
-
258
-
regional
15
-
24
-
social contributions
333
-
455
-
total
521
-
745
-
Employer
988
-
1 350
-
total
-
-
-
-
Corporate
362
1 350
-
-
municipal
17
65
-
-
nationa
87
324
-
-
total
104
389
-
-
Dividends
258
961
-
-
withholding
67
250
-
-
total
67
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
639
745
684
After tax
658
711
605
666
Living cost
467
467
467
467
Free-cash
191
244
138
199

Estimated living cost  is $467 per week

$328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Rome model

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