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
$322
$556
$430
$454
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.

-
-
-
335
surtax

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

-
-
-
18
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.

-
-
-
81
trade
-
-
-
126
total
-
-
-
560
Employee

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

455
-
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
-
18
-
income

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

13
-
335
-
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.

81
-
81
-
total
95
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
895
1 350
-
-
income
134
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
141
213
-
-
total
285
431
-
-
Dividends
609
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
148
225
-
-
total
156
237
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
668
434
560
After tax
814
682
916
790
Living cost
360
360
360
360
Free-cash
454
322
556
430

Estimated living cost  is $360 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Dresden model

Close
Reykjavik , Iceland
$212
$192
$181
$202
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
976
-
1 167
-
municipal
121
-
147
-
pensions
39
-
47
-
national
187
-
228
-
total
347
-
422
-
Employer
976
-
1 167
-
pensions
78
-
93
-
social contributions
10
-
13
-
total
88
-
106
-
Corporate
221
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%.

44
270
-
-
total
44
270
-
-
Dividends
177
1 080
-
-
withholding
39
238
-
-
total
39
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
518
508
528
539
After tax
832
842
822
811
Living cost
630
630
630
630
Free-cash
202
212
192
181

Estimated living cost  is $630 per week

$428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
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.
$134
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
$833
$512
$472
$735
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
348
-
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
62
-
209
-
total
100
-
329
-
Employer
348
-
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.

84
-
262
-
surtax
-
-
-
-
total
84
-
262
-
Corporate
919
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%.

184
270
-
-
total
184
270
-
-
Dividends

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

735
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
368
270
591
631
After tax
982
1 080
759
719
Living cost
247
247
247
247
Free-cash
735
833
512
472

Estimated living cost  is $247 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.
$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
$158
$206
$272
$85
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
-
-
-
294
health
-
-
-
147
pensions
-
-
-
139
total
-
-
-
580
Employee
1 016
1 016
1 149
-
pensions
183
139
139
-
income

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

166
166
166
-
health
156
133
140
-
total
505
438
445
-
Employer
1 016
1 016
1 149
-
health
71
71
80
-
pensions
71
71
80
-
unemployment
37
37
41
-
total
179
179
201
-
Corporate
169
157
-
-
income
34
31
-
-
total
34
31
-
-
Dividends
135
125
-
-
income
29
27
-
-
withholding
20
19
-
-
total
49
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
767
694
646
580
After tax
583
656
704
770
Living cost
498
498
498
498
Free-cash
85
158
206
272

Estimated living cost  is $498 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$248
$230
$235
$239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
other
-
-
-
125
unemployment
-
-
-
1
health
-
-
-
67
municipal
-
-
-
310
national
-
-
-
5
pensions
-
-
-
116
total
-
-
-
626
Employee
697
-
1 027
-
municipal
208
-
306
-
national
-
-
3
-
total
208
-
309
-
Employer
697
-
1 027
-
health
43
-
63
-
pensions
75
-
111
-
accident
1
-
2
-
unemployment
18
-
27
-
other
81
-
119
-
total
218
-
322
-
Corporate
433
1 350
-
-
income
95
297
-
-
total
95
297
-
-
Dividends
338
1 053
-
-
withholding
101
316
-
-
total
101
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
622
613
631
626
After tax
728
737
719
724
Living cost
489
489
489
489
Free-cash
239
248
230
235

Estimated living cost  is $489 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$208
$449
$318
$375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
335
surtax

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

-
-
-
18
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.

-
-
-
81
trade
-
-
-
131
total
-
-
-
565
Employee

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

603
-
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
-
18
-
income

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

52
-
335
-
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.

81
-
81
-
total
136
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
747
1 350
-
-
income
112
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
123
222
-
-
total
244
440
-
-
Dividends
503
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
121
223
-
-
total
128
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
508
675
434
565
After tax
842
675
916
785
Living cost
467
467
467
467
Free-cash
375
208
449
318

Estimated living cost  is $467 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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$600
$547
$563
$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
-
-
-
175
social contributions
-
-
-
192
health
-
-
-
34
total
-
-
-
401
Employee
914
914
1 226
-
social contributions
44
76
102
-
income
96
85
169
-
health
9
16
21
-
total
149
177
292
-
Employer
914
914
1 226
-
health
10
17
23
-
social contributions
44
76
102
-
total
54
93
125
-
Corporate
760
343
-
-
income
95
43
-
-
total
95
43
-
-
Dividends
665
300
-
-
withholding
113
51
-
-
total
113
51
-
-
Income
1 350
1 350
1 350
1 350
Total tax
411
364
417
401
After tax
939
986
933
949
Living cost
386
386
386
386
Free-cash
553
600
547
563

Estimated living cost  is $386 per week

$264
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$541
$565
$718
$548
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
-
-
-
94
pensions
-
-
-
135
total
-
-
-
414
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.

314
125
1 130
-
unemployment
5
2
17
-
pensions
31
13
113
-
income
38
15
138
-
health
22
9
79
-
total
96
39
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.

314
125
1 130
-
pensions
61
24
220
-
total
61
24
220
-
Corporate
975
1 201
-
-
income
88
108
-
-
total
88
108
-
-
Dividends
887
1 093
-
-
social contributions
171
212
-
-
withholding
168
208
-
-
total
339
420
-
-
Income
1 350
1 350
1 350
1 350
Total tax
584
591
567
414
After tax
766
759
783
936
Living cost
218
218
218
218
Free-cash
548
541
565
718

Estimated living cost  is $218 per week

$149
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.
$47
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
$793
$491
$437
$719
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
-
-
-
175
pensions
-
-
-
270
total
-
-
-
626
Employee
337
-
1 009
-
unemployment
5
-
16
-
pensions
7
-
20
-
income
38
-
195
-
total
50
-
231
-
Employer
337
-
1 009
-
health
44
-
131
-
pensions
67
-
202
-
unemployment
3
-
8
-
total
114
-
341
-
Corporate
899
1 350
-
-
income
180
270
-
-
total
180
270
-
-
Dividends
719
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
344
270
572
626
After tax
1 006
1 080
778
724
Living cost
287
287
287
287
Free-cash
719
793
491
437

Estimated living cost  is $287 per week

$197
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$156
$440
$661
$68
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
-
-
-
341
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
424
Employee
416
-
1 169
-
pensions
47
-
92
-
income
57
-
237
-
health
48
-
134
-
total
152
-
463
-
Employer
416
-
1 169
-
pensions
68
-
133
-
accident
7
-
20
-
unemployment
10
-
29
-
total
85
-
182
-
Corporate
849
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.

764
1 215
-
-
total
764
1 215
-
-
Dividends
85
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 017
1 241
645
424
After tax
333
109
705
926
Living cost
265
265
265
265
Free-cash
68
-156
440
661

Estimated living cost  is $265 per week

$194
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.
$51
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
$1239
$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.

-
-
-
14
total
-
-
-
14
Employee
122
-
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%.

1 228
1 350
-
-
total
-
-
-
-
Dividends
1 228
1 350
-
-
withholding
61
67
-
-
total
61
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
85
67
270
14
After tax
1 265
1 283
1 080
1 336
Living cost
97
97
97
97
Free-cash
1 168
1 186
983
1 239

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
$674
$466
$411
$596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
175
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
-
-
-
622
Employee
432
-
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
74
-
194
-
health
6
-
15
-
total
114
-
295
-
Employer
432
-
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.

73
-
183
-
accident
3
-
9
-
unemployment
4
-
11
-
other
22
-
54
-
total
108
-
272
-
Corporate
809
1 350
-
-
income
170
284
-
-
total
170
284
-
-
Dividends
639
1 066
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
437
359
567
622
After tax
913
991
783
728
Living cost
317
317
317
317
Free-cash
596
674
466
411

Estimated living cost  is $317 per week

$224
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
$171
$33
$158
$58
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
-
-
-
308
pensions
-
-
-
92
total
-
-
-
400
Employee
1 120
-
1 186
-
pensions
108
-
116
-
income
202
-
225
-
health
18
-
20
-
total
328
-
361
-
Employer
1 120
-
1 186
-
health
21
-
23
-
pensions
132
-
141
-
total
153
-
164
-
Corporate
76
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.

14
256
-
-
total
14
256
-
-
Dividends
62
1 094
-
-
withholding
5
131
-
-
total
5
131
-
-
Income
1 350
1 350
1 350
1 350
Total tax
500
387
525
400
After tax
850
963
825
950
Living cost
792
792
792
792
Free-cash
58
171
33
158

Estimated living cost  is $792 per week

$593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
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

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
$998
$925
$880
$943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
203
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
61
total
-
-
-
314
Employee
206
-
1 269
-
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
21
-
127
-
health
10
-
19
-
total
51
-
187
-
Employer
206
-
1 269
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
82
-
Corporate
1 103
1 350
-
-
income
110
135
-
-
total
110
135
-
-
Dividends
993
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
251
196
269
314
After tax
1 099
1 154
1 081
1 036
Living cost
156
156
156
156
Free-cash
943
998
925
880

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

Source of data for Varna model

Close
Amsterdam , Netherlands
-$3
$45
$111
$27
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
-
-
-
294
health
-
-
-
147
pensions
-
-
-
139
total
-
-
-
580
Employee
1 103
1 016
1 149
-
pensions
139
139
139
-
income

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

166
166
166
-
health
138
133
140
-
total
443
438
445
-
Employer
1 103
1 016
1 149
-
health
77
71
80
-
pensions
77
71
80
-
unemployment
40
37
41
-
total
194
179
201
-
Corporate
54
157
-
-
income
11
31
-
-
total
11
31
-
-
Dividends
43
125
-
-
income
9
27
-
-
withholding
7
19
-
-
total
16
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
664
694
646
580
After tax
686
656
704
770
Living cost
659
659
659
659
Free-cash
27
-3
45
111

Estimated living cost  is $659 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
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.
$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 Amsterdam model

Close
Brno , Czech Republic
$634
$389
$362
$528
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
435
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
28
-
65
-
income
52
-
121
-
health
59
-
136
-
total
139
-
322
-
Employer
435
-
1 007
-
health
39
-
91
-
social contributions
109
-
252
-
total
148
-
343
-
Corporate
768
1 350
-
-
income
146
256
-
-
total
146
256
-
-
Dividends
622
1 094
-
-
withholding
93
164
-
-
total
93
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
526
420
665
692
After tax
824
930
685
658
Living cost
296
296
296
296
Free-cash
528
634
389
362

Estimated living cost  is $296 per week

$205
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
$218
$116
$180
$157
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
-
-
-
298
total
-
-
-
668
Employee
1 057
-
1 350
-
municipal
6
-
7
-
national
183
-
257
-
regional
10
-
13
-
social contributions
356
-
455
-
total
555
-
732
-
Employer
1 057
-
1 350
-
total
-
-
-
-
Corporate
293
1 350
-
-
municipal
11
53
-
-
nationa
70
324
-
-
total
81
377
-
-
Dividends
211
973
-
-
withholding
55
253
-
-
total
55
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
691
630
732
668
After tax
659
720
618
682
Living cost
502
502
502
502
Free-cash
157
218
116
180

Estimated living cost  is $502 per week

$350
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$587
$387
$408
$552
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
-
-
-
275
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
680
Employee
393
-
1 115
-
other
-
-
-
-
unemployment
27
-
78
-
pensions
26
-
74
-
surtax
1
-
32
-
income
66
-
254
-
health
10
-
28
-
total
130
-
466
-
Employer
393
-
1 115
-
health
18
-
51
-
pensions
52
-
149
-
unemployment
12
-
35
-
other
-
-
-
-
total
82
-
235
-
Corporate
874
1 350
-
-
income
227
351
-
-
total
227
351
-
-
Dividends
647
999
-
-
withholding
97
150
-
-
total
97
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
501
701
680
After tax
814
849
649
670
Living cost
262
262
262
262
Free-cash
552
587
387
408

Estimated living cost  is $262 per week

$160
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$422
$284
$409
$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
-
-
-
308
pensions
-
-
-
92
total
-
-
-
400
Employee
751
-
1 186
-
pensions
64
-
116
-
income
135
-
225
-
health
11
-
20
-
total
210
-
361
-
Employer
751
-
1 186
-
health
14
-
23
-
pensions
81
-
141
-
total
95
-
164
-
Corporate
504
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.

96
256
-
-
total
96
256
-
-
Dividends
408
1 094
-
-
withholding
31
131
-
-
total
31
131
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
387
525
400
After tax
918
963
825
950
Living cost
541
541
541
541
Free-cash
377
422
284
409

Estimated living cost  is $541 per week

$405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$323
$115
$182
$81
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
-
-
-
10
pensions
-
-
-
124
total
-
-
-
228
Employee
1 100
-
1 208
-
unemployment
-
-
-
-
pensions
92
-
101
-
national
5
-
8
-
regional
36
-
42
-
city
12
-
13
-
health
2
-
3
-
total
147
-
167
-
Employer
1 100
-
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
121
1 350
-
-
regional
26
286
-
-
national
10
115
-
-
total
36
401
-
-
Dividends
85
950
-
-
withholding
30
332
-
-
total
30
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
329
733
295
228
After tax
1 021
617
1 055
1 122
Living cost
940
940
940
940
Free-cash
81
-323
115
182

Estimated living cost  is $940 per week

$611
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.
$12
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.
$233
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
$122
$371
$234
$316
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.

-
-
-
335
surtax

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

-
-
-
18
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.

-
-
-
81
trade
-
-
-
137
total
-
-
-
571
Employee

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

715
-
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
-
18
-
income

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

84
-
335
-
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.

81
-
81
-
total
170
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
635
1 350
-
-
income
95
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
109
232
-
-
total
212
450
-
-
Dividends
423
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
101
221
-
-
total
107
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
489
683
434
571
After tax
861
667
916
779
Living cost
545
545
545
545
Free-cash
316
122
371
234

Estimated living cost  is $545 per week

$398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$274
$418
$366
$341
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
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
509
-
1 086
-
pensions
58
-
58
-
surtax
-
-
-
-
social contributions
15
-
31
-
income
30
-
173
-
total
103
-
262
-
Employer
509
-
1 086
-
health
36
-
79
-
pensions
84
-
100
-
unemployment
21
-
44
-
social contributions
2
-
3
-
other
18
-
37
-
total
161
-
263
-
Corporate
682
1 350
-
-
income
191
378
-
-
surtax
-
-
-
-
total
191
378
-
-
Dividends
491
972
-
-
surtax
-
-
-
-
social contributions
84
167
-
-
withholding
63
124
-
-
total
147
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
602
669
525
577
After tax
748
681
825
773
Living cost
407
407
407
407
Free-cash
341
274
418
366

Estimated living cost  is $407 per week

$257
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.
$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 Nice model

Close
Marseille , France
$314
$458
$406
$381
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
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
454
-
1 086
-
pensions
51
-
58
-
surtax
-
-
-
-
social contributions
13
-
31
-
income
23
-
173
-
total
87
-
262
-
Employer
454
-
1 086
-
health
32
-
79
-
pensions
75
-
100
-
unemployment
18
-
44
-
social contributions
1
-
3
-
other
16
-
37
-
total
142
-
263
-
Corporate
754
1 350
-
-
income
211
378
-
-
surtax
-
-
-
-
total
211
378
-
-
Dividends
543
972
-
-
surtax
-
-
-
-
social contributions
93
167
-
-
withholding
69
124
-
-
total
162
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
602
669
525
577
After tax
748
681
825
773
Living cost
367
367
367
367
Free-cash
381
314
458
406

Estimated living cost  is $367 per week

$213
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.
$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 Marseille model

Close
Vilnius , Lithuania
$571
$610
$615
$578
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
403
-
1 350
-
social contributions
56
-
186
-
income
67
-
208
-
health
28
-
94
-
total
151
-
488
-
Employer
403
-
1 350
-
total
-
-
-
-
Corporate
947
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%.

47
68
-
-
total
47
68
-
-
Dividends
899
1 282
-
-
social contributions
124
177
-
-
withholding
135
192
-
-
health
63
90
-
-
total
322
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
527
488
483
After tax
830
823
862
867
Living cost
252
252
252
252
Free-cash
578
571
610
615

Estimated living cost  is $252 per week

$169
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$336
-$29
$252
$316
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
-
-
-
246
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
679
Employee
594
474
1 046
-
other
6
5
10
-
unemployment
18
14
31
-
pensions
61
49
107
-
income
68
35
218
-
health
23
18
41
-
total
176
121
407
-
Employer
594
474
1 046
-
chamber of commerce
2
2
4
-
health
22
18
40
-
pensions
75
59
131
-
accident
8
6
14
-
unemployment
18
14
31
-
surtax
2
2
2
-
payroll
18
14
31
-
other
28
23
50
-
total
173
138
303
-
Corporate
582
737
1 001
-
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.

146
184
250
-
total
146
184
250
-
Dividends
437
553
-
-
withholding
120
152
-
-
total
120
152
-
-
Income
1 350
1 350
1 350
1 350
Total tax
615
595
960
679
After tax
735
755
390
671
Living cost
419
419
419
419
Free-cash
316
336
-29
252

Estimated living cost  is $419 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$323
$82
$182
$146
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
-
-
-
449
total
-
-
-
734
Employee

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

851
-
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.

64
-
78
-
national
262
-
338
-
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.

40
-
49
-
total
417
-
529
-
Employer

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

851
-
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.

75
-
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
96
-
119
-
total
246
-
305
-
Corporate
252
1 350
-
-
income
50
270
-
-
surtax
1
5
-
-
total
51
275
-
-
Dividends
200
1 075
-
-
withholding

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

56
318
-
-
total
56
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
770
593
834
734
After tax
580
757
516
616
Living cost
434
434
434
434
Free-cash
146
323
82
182

Estimated living cost  is $434 per week

$279
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.
$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 Brussels model

Close
Barcelona , Spain
$478
$271
$309
$383
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
-
-
-
280
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
611
Employee
592
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
28
-
48
-
income
125
-
258
-
total
163
-
323
-
Employer
592
-
1 024
-
pensions
140
-
242
-
accident
12
-
20
-
unemployment
33
-
56
-
other
5
-
8
-
total
190
-
326
-
Corporate
569
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.

85
203
-
-
total
85
203
-
-
Dividends
484
1 147
-
-
withholding
99
239
-
-
total
99
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
537
442
649
611
After tax
813
908
701
739
Living cost
430
430
430
430
Free-cash
383
478
271
309

Estimated living cost  is $430 per week

$316
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$174
$159
$104
$86
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
-
-
-
140
surtax
-
-
-
67
health
-
-
-
95
pensions
-
-
-
202
total
-
-
-
600
Employee
901
-
1 206
-
pensions
72
-
96
-
surtax
55
-
74
-
income
87
-
177
-
health
40
-
54
-
total
254
-
401
-
Employer
901
-
1 206
-
health
27
-
37
-
pensions
72
-
96
-
accident
8
-
11
-
total
107
-
144
-
Corporate
342
1 350
-
-
communal
-
91
-
-
income
51
203
-
-
surtax
4
14
-
-
total
55
308
-
-
Dividends
287
1 042
-
-
income
159
66
-
-
withholding
43
156
-
-
total
202
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
618
530
545
600
After tax
732
820
805
750
Living cost
646
646
646
646
Free-cash
86
174
159
104

Estimated living cost  is $646 per week

$485
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.
$115
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
$582
$382
$403
$545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
275
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
680
Employee
400
-
1 115
-
other
-
-
-
-
unemployment
28
-
78
-
pensions
27
-
74
-
surtax
1
-
32
-
income
67
-
254
-
health
10
-
28
-
total
133
-
466
-
Employer
400
-
1 115
-
health
18
-
51
-
pensions
53
-
149
-
unemployment
13
-
35
-
other
-
-
-
-
total
84
-
235
-
Corporate
865
1 350
-
-
income
225
351
-
-
total
225
351
-
-
Dividends
640
999
-
-
withholding
96
150
-
-
total
96
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
701
680
After tax
812
849
649
670
Living cost
267
267
267
267
Free-cash
545
582
382
403

Estimated living cost  is $267 per week

$161
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.
$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 of data for Athens model

Close
Naples , Italy
$390
$293
$357
$364
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
-
-
-
298
total
-
-
-
673
Employee
660
-
1 350
-
municipal
3
-
7
-
national
105
-
257
-
regional
9
-
18
-
social contributions
222
-
455
-
total
339
-
737
-
Employer
660
-
1 350
-
total
-
-
-
-
Corporate
690
1 350
-
-
municipal
34
67
-
-
nationa
166
324
-
-
total
200
391
-
-
Dividends
490
959
-
-
withholding
127
249
-
-
total
127
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
666
640
737
673
After tax
684
710
613
677
Living cost
320
320
320
320
Free-cash
364
390
293
357

Estimated living cost  is $320 per week

$199
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.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$566
$321
$294
$436
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
536
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
35
-
65
-
income
64
-
121
-
health
72
-
136
-
total
171
-
322
-
Employer
536
-
1 007
-
health
48
-
91
-
social contributions
134
-
252
-
total
182
-
343
-
Corporate
632
1 350
-
-
income
120
256
-
-
total
120
256
-
-
Dividends
512
1 094
-
-
withholding
77
164
-
-
total
77
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
550
420
665
692
After tax
800
930
685
658
Living cost
364
364
364
364
Free-cash
436
566
321
294

Estimated living cost  is $364 per week

$271
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$376
$11
$294
$370
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
-
-
-
246
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
677
Employee
520
474
1 048
-
other
5
5
10
-
unemployment
16
14
31
-
pensions
53
49
107
-
income
46
35
218
-
health
20
18
41
-
total
140
121
407
-
Employer
520
474
1 048
-
chamber of commerce
2
2
4
-
health
20
18
40
-
pensions
65
59
132
-
accident
7
6
14
-
unemployment
16
14
31
-
surtax
-
-
-
-
payroll
16
14
31
-
other
25
23
50
-
total
151
136
302
-
Corporate
681
740
1 003
-
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.

170
185
251
-
total
170
185
251
-
Dividends
510
555
-
-
withholding
140
153
-
-
total
140
153
-
-
Income
1 350
1 350
1 350
1 350
Total tax
601
595
960
677
After tax
749
755
390
673
Living cost
379
379
379
379
Free-cash
370
376
11
294

Estimated living cost  is $379 per week

$228
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.
$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

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
$1131
$928
$1184
$1102
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.

-
-
-
14
total
-
-
-
14
Employee
189
-
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%.

1 161
1 350
-
-
total
-
-
-
-
Dividends
1 161
1 350
-
-
withholding
58
67
-
-
total
58
67
-
-
Income
1 350
1 350
1 350
1 350
Total tax
96
67
270
14
After tax
1 254
1 283
1 080
1 336
Living cost
152
152
152
152
Free-cash
1 102
1 131
928
1 184

Estimated living cost  is $152 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$611
$334
$372
$510
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
-
-
-
277
unemployment
-
-
-
2
health
-
-
-
133
pensions
-
-
-
247
total
-
-
-
659
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.

526
-
1 168
-
unemployment
1
-
2
-
pensions
82
-
181
-
income
91
-
257
-
health
34
-
75
-
total
208
-
515
-
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.

526
-
1 168
-
health
35
-
78
-
pensions
47
-
103
-
unemployment
-
-
1
-
total
82
-
182
-
Corporate
742
1 350
-
-
income
141
256
-
-
total
141
256
-
-
Dividends
601
1 094
-
-
withholding
90
164
-
-
total
90
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
420
697
659
After tax
829
930
653
691
Living cost
319
319
319
319
Free-cash
510
611
334
372

Estimated living cost  is $319 per week

$219
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.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$299
$669
$411
-$453
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
748
-
-
-
social contributions
61
-
9
-
income
165
-
-
-
total
226
-
9
-
Employer
748
-
-
-
social contributions
1 055
-
150
-
total
1 055
-
150
-
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
1 281
529
159
417
After tax
69
821
1 191
933
Living cost
522
522
522
522
Free-cash
-453
299
669
411

Estimated living cost  is $522 per week

$338
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.
$127
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
$394
$296
$374
$383
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
547
-
1 091
-
surtax
-
-
-
-
social contributions
60
-
120
-
income
114
-
302
-
total
174
-
422
-
Employer
547
-
1 091
-
social contributions
130
-
259
-
total
130
-
259
-
Corporate
673
1 350
-
-
income
141
284
-
-
surtax
-
-
-
-
total
141
284
-
-
Dividends
532
1 066
-
-
withholding
149
299
-
-
total
149
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
594
583
681
603
After tax
756
767
669
747
Living cost
373
373
373
373
Free-cash
383
394
296
374

Estimated living cost  is $373 per week

$279
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.
$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 Lisbon model

Close
Paris , France
$107
$251
$199
$190
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
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
745
-
1 086
-
pensions
84
-
58
-
surtax
-
-
-
-
social contributions
21
-
31
-
income
65
-
173
-
total
170
-
262
-
Employer
745
-
1 086
-
health
52
-
79
-
pensions
122
-
100
-
unemployment
30
-
44
-
social contributions
2
-
3
-
other
26
-
37
-
total
232
-
263
-
Corporate
372
1 350
-
-
income
104
378
-
-
surtax
-
-
-
-
total
104
378
-
-
Dividends
268
972
-
-
surtax
-
-
-
-
social contributions
46
167
-
-
withholding
34
124
-
-
total
80
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
586
669
525
577
After tax
764
681
825
773
Living cost
574
574
574
574
Free-cash
190
107
251
199

Estimated living cost  is $574 per week

$389
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.
$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.
$131
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
$858
$699
$663
$818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
33
social contributions
-
-
-
297
total
-
-
-
330
Employee
382
-
1 169
-
income
-
-
37
-
social contributions
25
-
76
-
total
25
-
113
-
Employer
382
-
1 169
-
social contributions
59
-
181
-
total
59
-
181
-
Corporate
908
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
818
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
175
135
294
330
After tax
1 175
1 215
1 056
1 020
Living cost
357
357
357
357
Free-cash
818
858
699
663

Estimated living cost  is $357 per week

$231
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.
$93
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
-$1239
-$1239
$256
-$1239
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
-
-
-
259
national
-
-
-
146
pensions
-
-
-
10
total
-
-
-
522
Employee
2 416
2 416
2 416
-
municipal
515
515
515
-
labour market
193
193
193
-
pensions
3
3
3
-
national
295
295
295
-
total
1 006
1 006
1 006
-
Employer
2 416
2 416
2 416
-
national
296
296
296
-
labour market
193
193
193
-
pensions
7
7
7
-
municipal
515
515
515
-
total
1 011
1 011
1 011
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
2 017
2 017
2 017
522
After tax
-667
-667
-667
828
Living cost
572
572
572
572
Free-cash
-1 239
-1 239
-1 239
256

Estimated living cost  is $572 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$152
$444
$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
-
-
-
341
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
424
Employee
410
-
1 169
-
pensions
46
-
92
-
income
56
-
237
-
health
47
-
134
-
total
149
-
463
-
Employer
410
-
1 169
-
pensions
67
-
133
-
accident
7
-
20
-
unemployment
10
-
29
-
total
84
-
182
-
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
645
424
After tax
330
109
705
926
Living cost
261
261
261
261
Free-cash
69
-152
444
665

Estimated living cost  is $261 per week

$190
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.
$51
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
$428
$298
$484
$420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
153
total
-
-
-
409
Employee
626
-
1 136
-
municipal
102
-
185
-
unemployment
9
-
17
-
pensions
42
-
77
-
national
10
-
89
-
health
5
-
13
-
total
168
-
381
-
Employer
626
-
1 136
-
health
5
-
9
-
pensions
109
-
197
-
accident
1
-
1
-
unemployment
4
-
7
-
total
119
-
214
-
Corporate
606
1 350
-
-
income
121
270
-
-
total
121
270
-
-
Dividends

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

364
810
-
-
municipal
65
146
-
-
national
-
49
-
-
total
65
195
-
-
Income
1 350
1 350
1 350
1 350
Total tax
473
465
595
409
After tax
877
885
755
941
Living cost
457
457
457
457
Free-cash
420
428
298
484

Estimated living cost  is $457 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$711
$658
$674
$646
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
-
-
-
175
social contributions
-
-
-
192
health
-
-
-
34
total
-
-
-
401
Employee
914
914
1 226
-
social contributions
35
76
102
-
income
100
85
169
-
health
7
16
21
-
total
142
177
292
-
Employer
914
914
1 226
-
health
8
17
23
-
social contributions
35
76
102
-
total
43
93
125
-
Corporate
891
343
-
-
income
111
43
-
-
total
111
43
-
-
Dividends
780
300
-
-
withholding
133
51
-
-
total
133
51
-
-
Income
1 350
1 350
1 350
1 350
Total tax
429
364
417
401
After tax
921
986
933
949
Living cost
275
275
275
275
Free-cash
646
711
658
674

Estimated living cost  is $275 per week

$165
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$928
$671
$911
$869
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
-
-
-
43
pensions
-
-
-
76
total
-
-
-
250
Employee

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

273
-
1 234
-
unemployment
1
-
6
-
pensions
41
-
169
-
income
19
-
102
-
health
23
-
96
-
total
84
-
373
-
Employer

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

273
-
1 234
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 049
1 350
-
-
income
94
122
-
-
total
94
122
-
-
Dividends
955
1 228
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
292
233
490
250
After tax
1 058
1 117
860
1 100
Living cost
189
189
189
189
Free-cash
869
928
671
911

Estimated living cost  is $189 per week

$120
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.
$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.
$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 Podgorica model

Close
Valencia , Spain
$581
$374
$412
$518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
280
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
611
Employee
440
-
1 024
-
other
-
-
1
-
unemployment
7
-
16
-
pensions
21
-
48
-
income
85
-
258
-
total
113
-
323
-
Employer
440
-
1 024
-
pensions
104
-
242
-
accident
9
-
20
-
unemployment
24
-
56
-
other
4
-
8
-
total
141
-
326
-
Corporate
770
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.

116
203
-
-
total
116
203
-
-
Dividends
655
1 147
-
-
withholding
135
239
-
-
total
135
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
505
442
649
611
After tax
845
908
701
739
Living cost
327
327
327
327
Free-cash
518
581
374
412

Estimated living cost  is $327 per week

$221
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.
$69
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
$816
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
36
-
1 331
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
456
-
health
2
-
4
-
total
12
-
469
-
Employer
36
-
1 331
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 307
1 350
-
-
income
287
297
-
-
total
287
297
-
-
Dividends
1 019
1 053
-
-
withholding
204
211
-
-
total
204
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
511
508
488
486
After tax
839
842
862
864
Living cost
23
23
23
23
Free-cash
816
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
$769
$527
$527
$712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
284
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
617
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.

310
-
1 193
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
284
-
health
16
-
45
-
total
104
-
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.

310
-
1 193
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
984
1 350
-
-
income
148
203
-
-
total
148
203
-
-
Dividends
837
1 147
-
-
withholding
125
172
-
-
total
125
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
375
617
617
After tax
918
975
733
733
Living cost
206
206
206
206
Free-cash
712
769
527
527

Estimated living cost  is $206 per week

$139
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
$446
$348
$426
$442
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
462
-
1 091
-
surtax
-
-
-
-
social contributions
51
-
120
-
income
90
-
302
-
total
141
-
422
-
Employer
462
-
1 091
-
social contributions
110
-
259
-
total
110
-
259
-
Corporate
779
1 350
-
-
income
164
284
-
-
surtax
-
-
-
-
total
164
284
-
-
Dividends
615
1 066
-
-
withholding
172
299
-
-
total
172
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
583
681
603
After tax
763
767
669
747
Living cost
321
321
321
321
Free-cash
442
446
348
426

Estimated living cost  is $321 per week

$227
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.
$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 Porto model

Close
Madrid , Spain
$490
$283
$321
$399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
280
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
312
total
-
-
-
611
Employee
574
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
27
-
48
-
income
120
-
258
-
total
157
-
323
-
Employer
574
-
1 024
-
pensions
136
-
242
-
accident
11
-
20
-
unemployment
32
-
56
-
other
5
-
8
-
total
184
-
326
-
Corporate
593
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.

89
203
-
-
total
89
203
-
-
Dividends
504
1 147
-
-
withholding
103
239
-
-
total
103
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
533
442
649
611
After tax
817
908
701
739
Living cost
418
418
418
418
Free-cash
399
490
283
321

Estimated living cost  is $418 per week

$300
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.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$950
$877
$832
$877
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
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
61
total
-
-
-
314
Employee
271
-
1 269
-
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.

24
-
36
-
income
27
-
127
-
health
12
-
19
-
total
66
-
187
-
Employer
271
-
1 269
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
82
-
Corporate
1 026
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
924
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
196
269
314
After tax
1 081
1 154
1 081
1 036
Living cost
204
204
204
204
Free-cash
877
950
877
832

Estimated living cost  is $204 per week

$135
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.
$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

Source of data for Sofia model

Close
Berlin , Germany
$236
$457
$343
$392
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.

-
-
-
335
surtax

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

-
-
-
18
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.

-
-
-
81
trade
-
-
-
114
total
-
-
-
548
Employee

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

592
-
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
-
18
-
income

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

49
-
335
-
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.

81
-
81
-
total
133
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
758
1 350
-
-
income
114
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
109
194
-
-
total
232
412
-
-
Dividends
527
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
127
230
-
-
total
134
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
655
434
548
After tax
851
695
916
802
Living cost
459
459
459
459
Free-cash
392
236
457
343

Estimated living cost  is $459 per week

$317
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$268
$207
$207
$295
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
-
-
-
343
social contributions
-
-
-
123
total
-
-
-
466
Employee
930
-
1 350
-
income
176
-
343
-
social contributions
77
-
123
-
total
253
-
466
-
Employer
930
-
1 350
-
total
-
-
-
-
Corporate
420
1 350
-
-
income
52
169
-
-
total
52
169
-
-
Dividends
367
1 181
-
-
withholding
73
236
-
-
total
73
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
378
405
466
466
After tax
972
945
884
884
Living cost
677
677
677
677
Free-cash
295
268
207
207

Estimated living cost  is $677 per week

$515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$383
$561
$507
$424
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
-
-
-
339
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
-
-
-
411
Employee
546
-
1 295
-
income
59
-
247
-
social contributions
55
-
55
-
total
114
-
302
-
Employer
546
-
1 295
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
750
1 350
-
-
income
262
472
-
-
total
262
472
-
-
Dividends
487
878
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 350
1 350
1 350
1 350
Total tax
494
535
357
411
After tax
856
815
993
939
Living cost
432
432
432
432
Free-cash
424
383
561
507

Estimated living cost  is $432 per week

$284
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.
$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 Sliema model

Close
Edinburgh , United Kingdom
$523
$385
$510
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
308
pensions
-
-
-
92
total
-
-
-
400
Employee
604
-
1 186
-
pensions
46
-
116
-
income
110
-
225
-
health
8
-
20
-
total
164
-
361
-
Employer
604
-
1 186
-
health
11
-
23
-
pensions
61
-
141
-
total
72
-
164
-
Corporate
674
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.

128
256
-
-
total
128
256
-
-
Dividends
546
1 094
-
-
withholding
41
131
-
-
total
41
131
-
-
Income
1 350
1 350
1 350
1 350
Total tax
405
387
525
400
After tax
945
963
825
950
Living cost
440
440
440
440
Free-cash
505
523
385
510

Estimated living cost  is $440 per week

$302
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$178
$418
$639
$64
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
-
-
-
341
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
424
Employee
451
-
1 169
-
pensions
51
-
92
-
income
62
-
237
-
health
52
-
134
-
total
165
-
463
-
Employer
451
-
1 169
-
pensions
73
-
133
-
accident
8
-
20
-
unemployment
11
-
29
-
total
92
-
182
-
Corporate
807
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.

727
1 215
-
-
total
727
1 215
-
-
Dividends
81
135
-
-
withholding
15
26
-
-
total
15
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
999
1 241
645
424
After tax
351
109
705
926
Living cost
287
287
287
287
Free-cash
64
-178
418
639

Estimated living cost  is $287 per week

$210
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.
$54
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
$976
$717
$607
$929
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
-
-
-
211
unemployment
-
-
-
16
work injury
-
-
-
7
health insurance
-
-
-
100
pensions
-
-
-
248
total
-
-
-
582
Employee

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

257
-
1 350
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
211
-
total
96
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 093
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%.

-
13
-
-
total
-
13
-
-
Dividends
1 093
1 337
-
-
withholding
164
200
-
-
total
164
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
260
213
472
582
After tax
1 090
1 137
878
768
Living cost
161
161
161
161
Free-cash
929
976
717
607

Estimated living cost  is $161 per week

$100
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.
$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
$237
$132
$194
$184
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
-
-
-
28
municipal
-
-
-
9
national
-
-
-
298
total
-
-
-
682
Employee
1 002
-
1 350
-
municipal
6
-
8
-
national
169
-
257
-
regional
15
-
24
-
social contributions
338
-
455
-
total
528
-
744
-
Employer
1 002
-
1 350
-
total
-
-
-
-
Corporate
348
1 350
-
-
municipal
17
65
-
-
nationa
83
324
-
-
total
100
389
-
-
Dividends
248
961
-
-
withholding
64
250
-
-
total
64
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
639
744
682
After tax
658
711
606
668
Living cost
474
474
474
474
Free-cash
184
237
132
194

Estimated living cost  is $474 per week

$333
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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