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
$432
$329
$459
$559
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
health

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

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

-
-
-
80
trade
-
-
-
127
surtax

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

-
-
-
19
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.

-
-
-
339
total
-
-
-
565
Employee

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

446
-
1 350
-
health

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

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

80
-
80
-
surtax

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

1
-
19
-
income

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

12
-
339
-
total
93
-
438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
904
1 350
-
-
trade
142
213
-
-
chamber of commerce
3
4
-
-
surtax

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

7
11
-
-
income
136
202
-
-
total
288
430
-
-
Dividends
615
920
-
-
surtax

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

8
12
-
-
withholding
149
226
-
-
total
157
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
668
438
565
After tax
812
682
912
785
Living cost
353
353
353
353
Free-cash
459
329
559
432

Estimated living cost  is $353 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$197
$229
$220
$207
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
municipal
-
-
-
142
social contributions
-
-
-
15
national
-
-
-
221
pensions
-
-
-
162
total
-
-
-
540
Employee
950
-
1 167
-
pensions
38
-
47
-
national
182
-
229
-
municipal
117
-
148
-
total
337
-
424
-
Employer
950
-
1 167
-
pensions
76
-
93
-
social contributions
10
-
13
-
total
86
-
106
-
Corporate
251
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%.

50
270
-
-
total
50
270
-
-
Dividends
201
1 080
-
-
withholding
44
238
-
-
total
44
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
508
530
540
After tax
833
842
820
810
Living cost
613
613
613
613
Free-cash
220
229
207
197

Estimated living cost  is $613 per week

$417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
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.
$130
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
$476
$837
$741
$516
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
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
income
-
-
-
197
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
631
Employee
341
-
1 088
-
surtax
-
-
-
-
social contributions

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

38
-
120
-
income
61
-
209
-
total
99
-
329
-
Employer
341
-
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.

82
-
262
-
total
82
-
262
-
Corporate
927
1 350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

185
270
-
-
total
185
270
-
-
Dividends

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

742
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
366
270
591
631
After tax
984
1 080
759
719
Living cost
243
243
243
243
Free-cash
741
837
516
476

Estimated living cost  is $243 per week

$155
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$282
$170
$98
$221
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
health
-
-
-
144
pensions
-
-
-
137
income
-
-
-
298
total
-
-
-
579
Employee
996
996
1 149
-
health
153
130
139
-
pensions
179
137
137
-
income

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

163
163
163
-
total
495
430
439
-
Employer
996
996
1 149
-
health
69
69
80
-
pensions
69
69
80
-
unemployment
36
36
41
-
total
174
174
201
-
Corporate
191
179
-
-
income
38
36
-
-
total
38
36
-
-
Dividends
153
143
-
-
income
33
30
-
-
withholding
23
21
-
-
total
56
51
-
-
Income
1 350
1 350
1 350
1 350
Total tax
763
691
640
579
After tax
587
659
710
771
Living cost
489
489
489
489
Free-cash
98
170
221
282

Estimated living cost  is $489 per week

$346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$236
$249
$239
$230
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
health
-
-
-
67
accident
-
-
-
2
other
-
-
-
124
municipal
-
-
-
310
pensions
-
-
-
116
national
-
-
-
6
unemployment
-
-
-
1
total
-
-
-
626
Employee
695
-
1 027
-
national
-
-
4
-
municipal
207
-
306
-
total
207
-
310
-
Employer
695
-
1 027
-
health
43
-
63
-
accident
1
-
2
-
pensions
75
-
111
-
other
81
-
119
-
unemployment
18
-
27
-
total
218
-
322
-
Corporate
437
1 350
-
-
income
96
297
-
-
total
96
297
-
-
Dividends
341
1 053
-
-
withholding
102
316
-
-
total
102
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
623
613
632
626
After tax
727
737
718
724
Living cost
488
488
488
488
Free-cash
239
249
230
236

Estimated living cost  is $488 per week

$323
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$321
$218
$380
$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
health

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

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

-
-
-
80
trade
-
-
-
133
surtax

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

-
-
-
19
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.

-
-
-
339
total
-
-
-
571
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
-
health

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

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

80
-
80
-
surtax

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

3
-
19
-
income

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

51
-
339
-
total
134
-
438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
758
1 350
-
-
trade
125
222
-
-
chamber of commerce
3
4
-
-
surtax

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

6
11
-
-
income
114
202
-
-
total
248
439
-
-
Dividends
511
911
-
-
surtax

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

7
12
-
-
withholding
123
223
-
-
total
130
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
512
674
438
571
After tax
838
676
912
779
Living cost
458
458
458
458
Free-cash
380
218
454
321

Estimated living cost  is $458 per week

$307
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$570
$610
$560
$556
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
health
-
-
-
34
social contributions
-
-
-
189
income
-
-
-
179
total
-
-
-
402
Employee
897
897
1 227
-
health
9
15
21
-
social contributions
44
74
100
-
income
94
83
172
-
total
147
172
293
-
Employer
897
897
1 227
-
health
10
17
23
-
social contributions
44
74
100
-
total
54
91
123
-
Corporate
772
362
-
-
income
96
45
-
-
total
96
45
-
-
Dividends
675
317
-
-
withholding
115
54
-
-
total
115
54
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
362
416
402
After tax
938
988
934
948
Living cost
378
378
378
378
Free-cash
560
610
556
570

Estimated living cost  is $378 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$722
$546
$549
$569
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
health
-
-
-
94
pensions
-
-
-
135
unemployment
-
-
-
20
income
-
-
-
165
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.

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

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

The minimum wage is 138,000 HUF per month.

309
123
1 130
-
pensions
60
24
220
-
total
60
24
220
-
Corporate
981
1 203
-
-
income
88
108
-
-
total
88
108
-
-
Dividends
893
1 095
-
-
social contributions
173
212
-
-
withholding
170
208
-
-
total
343
420
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
590
567
414
After tax
763
760
783
936
Living cost
214
214
214
214
Free-cash
549
546
569
722

Estimated living cost  is $214 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$441
$798
$726
$496
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
health
-
-
-
176
pensions
-
-
-
270
income
-
-
-
181
total
-
-
-
627
Employee
331
-
1 009
-
pensions
7
-
20
-
unemployment
5
-
16
-
income
37
-
195
-
total
49
-
231
-
Employer
331
-
1 009
-
health
43
-
131
-
pensions
66
-
202
-
unemployment
3
-
8
-
total
112
-
341
-
Corporate
907
1 350
-
-
income
181
270
-
-
total
181
270
-
-
Dividends
726
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
342
270
572
627
After tax
1 008
1 080
778
723
Living cost
282
282
282
282
Free-cash
726
798
496
441

Estimated living cost  is $282 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$666
-$150
$69
$448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
26
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
49
income
-
-
-
343
total
-
-
-
425
Employee
407
-
1 172
-
health
47
-
134
-
pensions
46
-
90
-
income
56
-
240
-
total
149
-
464
-
Employer
407
-
1 172
-
accident
7
-
20
-
pensions
66
-
130
-
unemployment
10
-
29
-
total
83
-
179
-
Corporate
860
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.

774
1 215
-
-
total
774
1 215
-
-
Dividends
86
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 022
1 241
643
425
After tax
328
109
707
925
Living cost
259
259
259
259
Free-cash
69
-150
448
666

Estimated living cost  is $259 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1240
$1186
$1169
$984
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
120
-
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%.

1 230
1 350
-
-
total
-
-
-
-
Dividends
1 230
1 350
-
-
withholding
61
68
-
-
total
61
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
85
68
270
14
After tax
1 265
1 282
1 080
1 336
Living cost
96
96
96
96
Free-cash
1 169
1 186
984
1 240

Estimated living cost  is $96 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
$416
$680
$603
$471
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
health
-
-
-
59
other
-
-
-
64
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
income
-
-
-
176
total
-
-
-
623
Employee
424
-
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.

30
-
75
-
unemployment
4
-
11
-
income
73
-
195
-
total
113
-
296
-
Employer
424
-
1 078
-
health
6
-
15
-
accident
3
-
9
-
pensions

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

72
-
183
-
other
21
-
54
-
unemployment
4
-
11
-
total
106
-
272
-
Corporate
820
1 350
-
-
income
172
284
-
-
total
172
284
-
-
Dividends
647
1 066
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
436
359
568
623
After tax
914
991
782
727
Living cost
311
311
311
311
Free-cash
603
680
471
416

Estimated living cost  is $311 per week

$220
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$169
$180
$73
$43
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
pensions
-
-
-
91
income
-
-
-
311
total
-
-
-
402
Employee
1 102
-
1 186
-
health
18
-
20
-
pensions
106
-
116
-
income
199
-
227
-
total
323
-
363
-
Employer
1 102
-
1 186
-
health
21
-
23
-
pensions
130
-
142
-
total
151
-
165
-
Corporate
96
1 350
-
-
income

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

18
257
-
-
total
18
257
-
-
Dividends
78
1 093
-
-
withholding
6
134
-
-
total
6
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
498
391
528
402
After tax
852
959
822
948
Living cost
779
779
779
779
Free-cash
73
180
43
169

Estimated living cost  is $779 per week

$584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$877
$996
$941
$921
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
health
-
-
-
48
pensions

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

-
-
-
62
unemployment
-
-
-
2
income
-
-
-
203
total
-
-
-
315
Employee
209
-
1 268
-
health
10
-
19
-
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
-
37
-
income
21
-
127
-
total
51
-
188
-
Employer
209
-
1 268
-
health
14
-
29
-
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.

23
-
46
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 100
1 350
-
-
income
110
135
-
-
total
110
135
-
-
Dividends
990
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
251
196
271
315
After tax
1 099
1 154
1 079
1 035
Living cost
158
158
158
158
Free-cash
941
996
921
877

Estimated living cost  is $158 per week

$92
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
$124
$12
$41
$63
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
health
-
-
-
144
pensions
-
-
-
137
income
-
-
-
298
total
-
-
-
579
Employee
1 082
996
1 149
-
health
135
130
139
-
pensions
137
137
137
-
income

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

163
163
163
-
total
435
430
439
-
Employer
1 082
996
1 149
-
health
75
69
80
-
pensions
75
69
80
-
unemployment
39
36
41
-
total
189
174
201
-
Corporate
79
179
-
-
income
16
36
-
-
total
16
36
-
-
Dividends
63
143
-
-
income
13
30
-
-
withholding
9
21
-
-
total
22
51
-
-
Income
1 350
1 350
1 350
1 350
Total tax
662
691
640
579
After tax
688
659
710
771
Living cost
647
647
647
647
Free-cash
41
12
63
124

Estimated living cost  is $647 per week

$477
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$369
$641
$538
$396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
182
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
income
-
-
-
116
total
-
-
-
692
Employee
424
-
1 007
-
health
57
-
136
-
solidarity contribution
-
-
-
-
social contributions
28
-
65
-
income
51
-
121
-
total
136
-
322
-
Employer
424
-
1 007
-
health
38
-
91
-
social contributions
106
-
252
-
total
144
-
343
-
Corporate
781
1 350
-
-
income
148
256
-
-
total
148
256
-
-
Dividends
633
1 094
-
-
withholding
95
164
-
-
total
95
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
523
420
665
692
After tax
827
930
685
658
Living cost
289
289
289
289
Free-cash
538
641
396
369

Estimated living cost  is $289 per week

$200
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.
$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 Brno model

Close
Milan , Italy
$188
$228
$167
$124
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
regional
-
-
-
15
municipal
-
-
-
8
social contributions
-
-
-
347
national
-
-
-
300
total
-
-
-
670
Employee
1 037
-
1 350
-
regional
10
-
13
-
national
180
-
259
-
social contributions
350
-
455
-
municipal
5
-
7
-
total
545
-
734
-
Employer
1 037
-
1 350
-
total
-
-
-
-
Corporate
313
1 350
-
-
nationa
75
324
-
-
municipal
12
53
-
-
total
87
377
-
-
Dividends
226
973
-
-
withholding
59
253
-
-
total
59
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
691
630
734
670
After tax
659
720
616
680
Living cost
492
492
492
492
Free-cash
167
228
124
188

Estimated living cost  is $492 per week

$343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$409
$592
$555
$388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
96
other
-
-
-
-
pensions
-
-
-
270
unemployment
-
-
-
3
income
-
-
-
278
surtax
-
-
-
37
total
-
-
-
684
Employee
386
-
1 115
-
health
10
-
28
-
pensions
26
-
74
-
unemployment
27
-
78
-
surtax
1
-
33
-
income
65
-
257
-
other
-
-
-
-
total
129
-
470
-
Employer
386
-
1 115
-
health
18
-
51
-
pensions
51
-
149
-
other
-
-
-
-
unemployment
12
-
35
-
total
81
-
235
-
Corporate
883
1 350
-
-
income
230
351
-
-
total
230
351
-
-
Dividends
653
999
-
-
withholding
98
150
-
-
total
98
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
705
684
After tax
812
849
645
666
Living cost
257
257
257
257
Free-cash
555
592
388
409

Estimated living cost  is $257 per week

$157
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$416
$427
$388
$290
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
pensions
-
-
-
91
income
-
-
-
311
total
-
-
-
402
Employee
739
-
1 186
-
health
11
-
20
-
pensions
63
-
116
-
income
133
-
227
-
total
207
-
363
-
Employer
739
-
1 186
-
health
14
-
23
-
pensions
80
-
142
-
total
94
-
165
-
Corporate
517
1 350
-
-
income

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

98
257
-
-
total
98
257
-
-
Dividends
419
1 093
-
-
withholding
31
134
-
-
total
31
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
430
391
528
402
After tax
920
959
822
948
Living cost
532
532
532
532
Free-cash
388
427
290
416

Estimated living cost  is $532 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$169
-$337
$70
$102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
3
city
-
-
-
14
other

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

-
-
-
27
regional
-
-
-
49
pensions
-
-
-
124
national
-
-
-
10
total
-
-
-
227
Employee
1 116
-
1 208
-
health
3
-
3
-
regional
37
-
42
-
pensions
94
-
101
-
unemployment
-
-
-
-
national
5
-
7
-
city
12
-
13
-
total
151
-
166
-
Employer
1 116
-
1 208
-
health
3
-
3
-
pensions
94
-
101
-
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
-
unemployment
-
-
-
-
total
119
-
128
-
Corporate
103
1 350
-
-
national
9
115
-
-
regional
22
286
-
-
total
31
401
-
-
Dividends
72
950
-
-
withholding
25
332
-
-
total
25
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
326
733
294
227
After tax
1 024
617
1 056
1 123
Living cost
954
954
954
954
Free-cash
70
-337
102
169

Estimated living cost  is $954 per week

$620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$86
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.
$236
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
$240
$134
$323
$378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
health

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

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

-
-
-
80
trade
-
-
-
138
surtax

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

-
-
-
19
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.

-
-
-
339
total
-
-
-
576
Employee

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

701
-
1 350
-
health

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

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

80
-
80
-
surtax

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

5
-
19
-
income

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

82
-
339
-
total
167
-
438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
649
1 350
-
-
trade
111
232
-
-
chamber of commerce
3
4
-
-
surtax

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

5
11
-
-
income
97
202
-
-
total
216
449
-
-
Dividends
432
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
104
221
-
-
total
110
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
682
438
576
After tax
857
668
912
774
Living cost
534
534
534
534
Free-cash
323
134
378
240

Estimated living cost  is $534 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$374
$282
$351
$423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
35
other
-
-
-
42
pensions
-
-
-
308
social contributions
-
-
-
38
income
-
-
-
154
surtax
-
-
-
-
total
-
-
-
577
Employee
499
-
1 084
-
pensions
56
-
58
-
surtax
-
-
-
-
social contributions
14
-
31
-
income
29
-
174
-
total
99
-
263
-
Employer
499
-
1 084
-
health
35
-
80
-
pensions
82
-
101
-
other
17
-
37
-
social contributions
2
-
3
-
unemployment
20
-
44
-
total
156
-
265
-
Corporate
695
1 350
-
-
surtax
-
-
-
-
income
195
378
-
-
total
195
378
-
-
Dividends
500
972
-
-
social contributions
86
167
-
-
surtax
-
-
-
-
withholding
64
124
-
-
total
150
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
600
669
528
577
After tax
750
681
822
773
Living cost
399
399
399
399
Free-cash
351
282
423
374

Estimated living cost  is $399 per week

$252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$413
$321
$386
$462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
35
other
-
-
-
42
pensions
-
-
-
308
social contributions
-
-
-
38
income
-
-
-
154
surtax
-
-
-
-
total
-
-
-
577
Employee
446
-
1 084
-
pensions
50
-
58
-
surtax
-
-
-
-
social contributions
13
-
31
-
income
23
-
174
-
total
86
-
263
-
Employer
446
-
1 084
-
health
31
-
80
-
pensions
73
-
101
-
other
15
-
37
-
social contributions
1
-
3
-
unemployment
18
-
44
-
total
138
-
265
-
Corporate
765
1 350
-
-
surtax
-
-
-
-
income
214
378
-
-
total
214
378
-
-
Dividends
551
972
-
-
social contributions
95
167
-
-
surtax
-
-
-
-
withholding
71
124
-
-
total
166
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
604
669
528
577
After tax
746
681
822
773
Living cost
360
360
360
360
Free-cash
386
321
462
413

Estimated living cost  is $360 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$621
$576
$582
$613
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
health
-
-
-
94
social contributions
-
-
-
186
income
-
-
-
202
total
-
-
-
482
Employee
396
-
1 350
-
health
28
-
94
-
social contributions
55
-
186
-
income
66
-
210
-
total
149
-
490
-
Employer
396
-
1 350
-
total
-
-
-
-
Corporate
954
1 350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

48
68
-
-
total
48
68
-
-
Dividends
907
1 282
-
-
social contributions
125
177
-
-
health
63
90
-
-
withholding
136
192
-
-
total
324
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
527
490
482
After tax
829
823
860
868
Living cost
247
247
247
247
Free-cash
582
576
613
621

Estimated living cost  is $247 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$258
$343
$326
-$23
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
health
-
-
-
103
pensions
-
-
-
250
unemployment
-
-
-
72
income
-
-
-
249
chamber of commerce
-
-
-
5
surtax
-
-
-
2
total
-
-
-
681
Employee
583
465
1 047
-
health
23
18
40
-
pensions
60
48
107
-
unemployment
17
14
31
-
income
66
34
220
-
other
6
5
10
-
total
172
119
408
-
Employer
583
465
1 047
-
payroll
17
14
31
-
health
22
18
40
-
surtax
2
2
2
-
accident
8
6
14
-
pensions
73
58
131
-
chamber of commerce
2
2
4
-
other
28
22
50
-
unemployment
17
14
31
-
total
169
136
303
-
Corporate
597
749
1 002
-
income

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

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

149
187
251
-
total
149
187
251
-
Dividends
448
562
-
-
withholding
123
154
-
-
total
123
154
-
-
Income
1 350
1 350
1 350
1 350
Total tax
613
596
962
681
After tax
737
754
388
669
Living cost
411
411
411
411
Free-cash
326
343
-23
258

Estimated living cost  is $411 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$188
$332
$155
$89
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
-
-
-
217
national
-
-
-
452
communal

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

-
-
-
68
total
-
-
-
737
Employee

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

835
-
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.

39
-
49
-
pensions

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

63
-
78
-
unemployment

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

7
-
9
-
national
257
-
340
-
communal

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

44
-
55
-
total
410
-
531
-
Employer

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

835
-
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.

51
-
64
-
surtax
95
-
119
-
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
-
pensions

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

74
-
93
-
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
-
total
243
-
305
-
Corporate
273
1 350
-
-
surtax
1
5
-
-
income
55
270
-
-
total
56
275
-
-
Dividends
217
1 075
-
-
withholding

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

61
318
-
-
total
61
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
770
593
836
737
After tax
580
757
514
613
Living cost
425
425
425
425
Free-cash
155
332
89
188

Estimated living cost  is $425 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$320
$488
$394
$278
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
other
-
-
-
1
pensions
-
-
-
306
unemployment
-
-
-
8
income
-
-
-
284
total
-
-
-
609
Employee
581
-
1 024
-
pensions
27
-
48
-
unemployment
9
-
16
-
other
1
-
1
-
income
123
-
260
-
total
160
-
325
-
Employer
581
-
1 024
-
accident
11
-
20
-
pensions
137
-
242
-
other
5
-
8
-
unemployment
32
-
56
-
total
185
-
326
-
Corporate
584
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.

88
202
-
-
total
88
202
-
-
Dividends
497
1 148
-
-
withholding
102
239
-
-
total
102
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
535
441
651
609
After tax
815
909
699
741
Living cost
421
421
421
421
Free-cash
394
488
278
320

Estimated living cost  is $421 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$112
$186
$97
$166
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
health
-
-
-
95
accident
-
-
-
11
pensions
-
-
-
202
communal
-
-
-
85
income
-
-
-
144
surtax
-
-
-
67
total
-
-
-
604
Employee
884
-
1 206
-
health
39
-
54
-
pensions
71
-
96
-
surtax
54
-
74
-
income
85
-
182
-
total
249
-
406
-
Employer
884
-
1 206
-
health
27
-
37
-
accident
8
-
11
-
pensions
71
-
96
-
total
106
-
144
-
Corporate
361
1 350
-
-
communal
-
91
-
-
surtax
4
14
-
-
income
54
202
-
-
total
58
307
-
-
Dividends
303
1 042
-
-
income
161
67
-
-
withholding
45
156
-
-
total
206
223
-
-
Income
1 350
1 350
1 350
1 350
Total tax
619
530
550
604
After tax
731
820
800
746
Living cost
634
634
634
634
Free-cash
97
186
166
112

Estimated living cost  is $634 per week

$476
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.
$113
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
$404
$587
$552
$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
health
-
-
-
96
other
-
-
-
-
pensions
-
-
-
270
unemployment
-
-
-
3
income
-
-
-
278
surtax
-
-
-
37
total
-
-
-
684
Employee
393
-
1 115
-
health
10
-
28
-
pensions
26
-
74
-
unemployment
27
-
78
-
surtax
1
-
33
-
income
66
-
257
-
other
-
-
-
-
total
130
-
470
-
Employer
393
-
1 115
-
health
18
-
51
-
pensions
52
-
149
-
other
-
-
-
-
unemployment
12
-
35
-
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
705
684
After tax
814
849
645
666
Living cost
262
262
262
262
Free-cash
552
587
383
404

Estimated living cost  is $262 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$361
$396
$369
$297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
20
municipal
-
-
-
8
social contributions
-
-
-
347
national
-
-
-
300
total
-
-
-
675
Employee
647
-
1 350
-
regional
9
-
18
-
national
103
-
259
-
social contributions
218
-
455
-
municipal
3
-
7
-
total
333
-
739
-
Employer
647
-
1 350
-
total
-
-
-
-
Corporate
703
1 350
-
-
nationa
169
324
-
-
municipal
35
67
-
-
total
204
391
-
-
Dividends
499
959
-
-
withholding
130
249
-
-
total
130
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
667
640
739
675
After tax
683
710
611
675
Living cost
314
314
314
314
Free-cash
369
396
297
361

Estimated living cost  is $314 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$302
$574
$446
$329
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
health
-
-
-
182
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
income
-
-
-
116
total
-
-
-
692
Employee
523
-
1 007
-
health
71
-
136
-
solidarity contribution
-
-
-
-
social contributions
34
-
65
-
income
63
-
121
-
total
168
-
322
-
Employer
523
-
1 007
-
health
47
-
91
-
social contributions
131
-
252
-
total
178
-
343
-
Corporate
649
1 350
-
-
income
123
256
-
-
total
123
256
-
-
Dividends
526
1 094
-
-
withholding
79
164
-
-
total
79
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
548
420
665
692
After tax
802
930
685
658
Living cost
356
356
356
356
Free-cash
446
574
329
302

Estimated living cost  is $356 per week

$264
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$299
$382
$379
$15
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
health
-
-
-
103
pensions
-
-
-
250
unemployment
-
-
-
72
income
-
-
-
249
chamber of commerce
-
-
-
5
surtax
-
-
-
-
total
-
-
-
679
Employee
510
465
1 048
-
health
20
18
41
-
pensions
52
48
107
-
unemployment
15
14
31
-
income
45
34
221
-
other
5
5
10
-
total
137
119
410
-
Employer
510
465
1 048
-
payroll
15
14
31
-
health
19
18
40
-
surtax
-
-
-
-
accident
7
6
14
-
pensions
64
58
132
-
chamber of commerce
2
2
4
-
other
24
22
50
-
unemployment
15
14
31
-
total
146
134
302
-
Corporate
693
751
1 004
-
income

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

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

173
188
251
-
total
173
188
251
-
Dividends
520
563
-
-
withholding
143
155
-
-
total
143
155
-
-
Income
1 350
1 350
1 350
1 350
Total tax
599
596
963
679
After tax
751
754
387
671
Living cost
372
372
372
372
Free-cash
379
382
15
299

Estimated living cost  is $372 per week

$223
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.
$104
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
$1186
$1132
$1104
$930
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
188
-
1 350
-
income
38
-
270
-
total
38
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 162
1 350
-
-
total
-
-
-
-
Dividends
1 162
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
96
68
270
14
After tax
1 254
1 282
1 080
1 336
Living cost
150
150
150
150
Free-cash
1 104
1 132
930
1 186

Estimated living cost  is $150 per week

$102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$377
$617
$519
$339
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
health
-
-
-
133
pensions
-
-
-
247
unemployment
-
-
-
2
income
-
-
-
278
total
-
-
-
660
Employee

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

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

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

516
-
1 168
-
health
34
-
78
-
pensions
46
-
103
-
unemployment
-
-
1
-
total
80
-
182
-
Corporate
754
1 350
-
-
income
143
256
-
-
total
143
256
-
-
Dividends
611
1 094
-
-
withholding
92
164
-
-
total
92
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
518
420
698
660
After tax
832
930
652
690
Living cost
313
313
313
313
Free-cash
519
617
339
377

Estimated living cost  is $313 per week

$215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$402
$290
-$484
$657
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
-
-
-
154
income
-
-
-
263
total
-
-
-
417
Employee
761
-
-
-
social contributions
62
-
9
-
income
168
-
-
-
total
230
-
9
-
Employer
761
-
-
-
social contributions
1 073
-
153
-
total
1 073
-
153
-
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
1 303
529
162
417
After tax
47
821
1 188
933
Living cost
531
531
531
531
Free-cash
-484
290
657
402

Estimated living cost  is $531 per week

$344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$130
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
$380
$401
$390
$300
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
social contributions

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

-
-
-
469
income
-
-
-
135
surtax
-
-
-
-
total
-
-
-
604
Employee
537
-
1 091
-
surtax
-
-
-
-
social contributions
59
-
120
-
income
112
-
305
-
total
171
-
425
-
Employer
537
-
1 091
-
social contributions
127
-
259
-
total
127
-
259
-
Corporate
686
1 350
-
-
surtax
-
-
-
-
income
144
284
-
-
total
144
284
-
-
Dividends
542
1 066
-
-
withholding
152
299
-
-
total
152
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
594
583
684
604
After tax
756
767
666
746
Living cost
366
366
366
366
Free-cash
390
401
300
380

Estimated living cost  is $366 per week

$274
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$209
$117
$197
$258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
35
other
-
-
-
42
pensions
-
-
-
308
social contributions
-
-
-
38
income
-
-
-
154
surtax
-
-
-
-
total
-
-
-
577
Employee
731
-
1 084
-
pensions
83
-
58
-
surtax
-
-
-
-
social contributions
21
-
31
-
income
64
-
174
-
total
168
-
263
-
Employer
731
-
1 084
-
health
51
-
80
-
pensions
120
-
101
-
other
25
-
37
-
social contributions
2
-
3
-
unemployment
30
-
44
-
total
228
-
265
-
Corporate
391
1 350
-
-
surtax
-
-
-
-
income
109
378
-
-
total
109
378
-
-
Dividends
282
972
-
-
social contributions
48
167
-
-
surtax
-
-
-
-
withholding
36
124
-
-
total
84
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
589
669
528
577
After tax
761
681
822
773
Living cost
564
564
564
564
Free-cash
197
117
258
209

Estimated living cost  is $564 per week

$381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
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
$668
$864
$825
$704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
34
social contributions
-
-
-
297
total
-
-
-
331
Employee
375
-
1 169
-
social contributions
24
-
76
-
income
-
-
38
-
total
24
-
114
-
Employer
375
-
1 169
-
social contributions
58
-
181
-
total
58
-
181
-
Corporate
917
1 350
-
-
income
92
135
-
-
total
92
135
-
-
Dividends
825
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
174
135
295
331
After tax
1 176
1 215
1 055
1 019
Living cost
351
351
351
351
Free-cash
825
864
704
668

Estimated living cost  is $351 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
$266
-$1187
-$1187
-$1187
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
municipal
-
-
-
260
labour market
-
-
-
107
national
-
-
-
146
pensions
-
-
-
10
total
-
-
-
523
Employee
2 368
2 368
2 368
-
pensions
3
3
3
-
labour market
189
189
189
-
national
289
289
289
-
municipal
504
504
504
-
total
985
985
985
-
Employer
2 368
2 368
2 368
-
municipal
505
505
505
-
labour market
189
189
189
-
national
290
290
290
-
pensions
7
7
7
-
total
991
991
991
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 976
1 976
1 976
523
After tax
-626
-626
-626
827
Living cost
561
561
561
561
Free-cash
-1 187
-1 187
-1 187
266

Estimated living cost  is $561 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$670
-$146
$71
$452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
health
-
-
-
26
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
49
income
-
-
-
343
total
-
-
-
425
Employee
401
-
1 172
-
health
46
-
134
-
pensions
45
-
90
-
income
55
-
240
-
total
146
-
464
-
Employer
401
-
1 172
-
accident
7
-
20
-
pensions
65
-
130
-
unemployment
10
-
29
-
total
82
-
179
-
Corporate
867
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.

780
1 215
-
-
total
780
1 215
-
-
Dividends
87
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 024
1 241
643
425
After tax
326
109
707
925
Living cost
255
255
255
255
Free-cash
71
-146
452
670

Estimated living cost  is $255 per week

$186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$490
$435
$429
$305
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
-
-
-
156
total
-
-
-
412
Employee
614
-
1 136
-
health
5
-
13
-
pensions
41
-
77
-
unemployment
9
-
17
-
national
10
-
91
-
municipal
101
-
185
-
total
166
-
383
-
Employer
614
-
1 136
-
health
5
-
9
-
accident
1
-
1
-
pensions
106
-
197
-
unemployment
4
-
7
-
total
116
-
214
-
Corporate
620
1 350
-
-
income
124
270
-
-
total
124
270
-
-
Dividends

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

372
810
-
-
national
-
51
-
-
municipal
67
146
-
-
total
67
197
-
-
Income
1 350
1 350
1 350
1 350
Total tax
473
467
597
412
After tax
877
883
753
938
Living cost
448
448
448
448
Free-cash
429
435
305
490

Estimated living cost  is $448 per week

$293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$678
$718
$653
$664
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
health
-
-
-
34
social contributions
-
-
-
189
income
-
-
-
179
total
-
-
-
402
Employee
897
897
1 227
-
health
7
15
21
-
social contributions
34
74
100
-
income
98
83
172
-
total
139
172
293
-
Employer
897
897
1 227
-
health
8
17
23
-
social contributions
34
74
100
-
total
42
91
123
-
Corporate
900
362
-
-
income
112
45
-
-
total
112
45
-
-
Dividends
787
317
-
-
withholding
134
54
-
-
total
134
54
-
-
Income
1 350
1 350
1 350
1 350
Total tax
427
362
416
402
After tax
923
988
934
948
Living cost
270
270
270
270
Free-cash
653
718
664
678

Estimated living cost  is $270 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$917
$932
$874
$681
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
health
-
-
-
42
pensions
-
-
-
74
unemployment
-
-
-
-
income
-
-
-
132
total
-
-
-
248
Employee

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

268
-
1 236
-
health
23
-
94
-
pensions
40
-
166
-
unemployment
1
-
6
-
income
18
-
103
-
total
82
-
369
-
Employer

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

268
-
1 236
-
health
12
-
48
-
pensions
15
-
61
-
unemployment
1
-
6
-
total
28
-
115
-
Corporate
1 055
1 350
-
-
income
95
122
-
-
total
95
122
-
-
Dividends
960
1 228
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
291
233
484
248
After tax
1 059
1 117
866
1 102
Living cost
185
185
185
185
Free-cash
874
932
681
917

Estimated living cost  is $185 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$420
$588
$527
$378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
other
-
-
-
1
pensions
-
-
-
306
unemployment
-
-
-
8
income
-
-
-
284
total
-
-
-
609
Employee
431
-
1 024
-
pensions
20
-
48
-
unemployment
7
-
16
-
other
-
-
1
-
income
83
-
260
-
total
110
-
325
-
Employer
431
-
1 024
-
accident
9
-
20
-
pensions
102
-
242
-
other
3
-
8
-
unemployment
24
-
56
-
total
138
-
326
-
Corporate
781
1 350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

117
202
-
-
total
117
202
-
-
Dividends
664
1 148
-
-
withholding
137
239
-
-
total
137
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
502
441
651
609
After tax
848
909
699
741
Living cost
321
321
321
321
Free-cash
527
588
378
420

Estimated living cost  is $321 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$842
$820
$817
$840
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
health
-
-
-
12
pensions
-
-
-
16
income
-
-
-
458
total
-
-
-
486
Employee
33
-
1 332
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
income
6
-
457
-
total
11
-
469
-
Employer
33
-
1 332
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 309
1 350
-
-
income
288
297
-
-
total
288
297
-
-
Dividends
1 021
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
22
22
22
22
Free-cash
817
820
840
842

Estimated living cost  is $22 per week

$13
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.
$0
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
$535
$775
$717
$538
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
health
-
-
-
89
pensions
-
-
-
224
unemployment
-
-
-
13
income
-
-
-
288
total
-
-
-
614
Employee

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

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

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

304
-
1 196
-
health
16
-
44
-
pensions
43
-
120
-
unemployment
2
-
6
-
income
42
-
288
-
total
103
-
458
-
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.

304
-
1 196
-
health
16
-
44
-
pensions
36
-
103
-
unemployment
2
-
6
-
total
54
-
153
-
Corporate
992
1 350
-
-
income
149
202
-
-
total
149
202
-
-
Dividends
843
1 148
-
-
withholding
126
172
-
-
total
126
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
374
611
614
After tax
918
976
739
736
Living cost
201
201
201
201
Free-cash
717
775
538
535

Estimated living cost  is $201 per week

$136
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.
$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 Belgrade model

Close
Porto , Portugal
$431
$452
$448
$351
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
social contributions

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

-
-
-
469
income
-
-
-
135
surtax
-
-
-
-
total
-
-
-
604
Employee
453
-
1 091
-
surtax
-
-
-
-
social contributions
50
-
120
-
income
88
-
305
-
total
138
-
425
-
Employer
453
-
1 091
-
social contributions
108
-
259
-
total
108
-
259
-
Corporate
790
1 350
-
-
surtax
-
-
-
-
income
166
284
-
-
total
166
284
-
-
Dividends
624
1 066
-
-
withholding
175
299
-
-
total
175
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
583
684
604
After tax
763
767
666
746
Living cost
315
315
315
315
Free-cash
448
452
351
431

Estimated living cost  is $315 per week

$223
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$331
$499
$409
$289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
other
-
-
-
1
pensions
-
-
-
306
unemployment
-
-
-
8
income
-
-
-
284
total
-
-
-
609
Employee
563
-
1 024
-
pensions
26
-
48
-
unemployment
9
-
16
-
other
1
-
1
-
income
118
-
260
-
total
154
-
325
-
Employer
563
-
1 024
-
accident
11
-
20
-
pensions
133
-
242
-
other
5
-
8
-
unemployment
31
-
56
-
total
180
-
326
-
Corporate
607
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.

91
202
-
-
total
91
202
-
-
Dividends
516
1 148
-
-
withholding
106
239
-
-
total
106
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
531
441
651
609
After tax
819
909
699
741
Living cost
410
410
410
410
Free-cash
409
499
289
331

Estimated living cost  is $410 per week

$294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$828
$947
$874
$872
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
health
-
-
-
48
pensions

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

-
-
-
62
unemployment
-
-
-
2
income
-
-
-
203
total
-
-
-
315
Employee
274
-
1 268
-
health
13
-
19
-
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
-
37
-
income
27
-
127
-
total
67
-
188
-
Employer
274
-
1 268
-
health
19
-
29
-
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.

30
-
46
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 022
1 350
-
-
income
102
135
-
-
total
102
135
-
-
Dividends
920
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
196
271
315
After tax
1 081
1 154
1 079
1 035
Living cost
207
207
207
207
Free-cash
874
947
872
828

Estimated living cost  is $207 per week

$137
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
$346
$246
$399
$462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
health

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

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

-
-
-
80
trade
-
-
-
116
surtax

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

-
-
-
19
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.

-
-
-
339
total
-
-
-
554
Employee

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

581
-
1 350
-
health

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

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

80
-
80
-
surtax

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

3
-
19
-
income

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

48
-
339
-
total
131
-
438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
769
1 350
-
-
trade
110
194
-
-
chamber of commerce
3
4
-
-
surtax

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

6
11
-
-
income
115
202
-
-
total
234
411
-
-
Dividends
534
939
-
-
surtax

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

7
13
-
-
withholding
129
230
-
-
total
136
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
501
654
438
554
After tax
849
696
912
796
Living cost
450
450
450
450
Free-cash
399
246
462
346

Estimated living cost  is $450 per week

$311
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$214
$280
$305
$214
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
-
-
-
347
social contributions
-
-
-
124
total
-
-
-
471
Employee
913
-
1 350
-
social contributions
76
-
124
-
income
172
-
347
-
total
248
-
471
-
Employer
913
-
1 350
-
total
-
-
-
-
Corporate
437
1 350
-
-
income
55
169
-
-
total
55
169
-
-
Dividends
383
1 181
-
-
withholding
77
236
-
-
total
77
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
380
405
471
471
After tax
970
945
879
879
Living cost
665
665
665
665
Free-cash
305
280
214
214

Estimated living cost  is $665 per week

$506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$522
$391
$432
$570
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
-
-
-
332
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
-
-
-
404
Employee
535
-
1 296
-
social contributions
54
-
54
-
income
58
-
248
-
total
112
-
302
-
Employer
535
-
1 296
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
761
1 350
-
-
income
266
473
-
-
total
266
473
-
-
Dividends
495
877
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 350
1 350
1 350
1 350
Total tax
494
535
356
404
After tax
856
815
994
946
Living cost
424
424
424
424
Free-cash
432
391
570
522

Estimated living cost  is $424 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$515
$526
$513
$389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
pensions
-
-
-
91
income
-
-
-
311
total
-
-
-
402
Employee
594
-
1 186
-
health
8
-
20
-
pensions
45
-
116
-
income
108
-
227
-
total
161
-
363
-
Employer
594
-
1 186
-
health
11
-
23
-
pensions
60
-
142
-
total
71
-
165
-
Corporate
685
1 350
-
-
income

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

130
257
-
-
total
130
257
-
-
Dividends
555
1 093
-
-
withholding
42
134
-
-
total
42
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
404
391
528
402
After tax
946
959
822
948
Living cost
433
433
433
433
Free-cash
513
526
389
515

Estimated living cost  is $433 per week

$297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$645
-$171
$67
$427
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
health
-
-
-
26
accident
-
-
-
3
other
-
-
-
4
pensions
-
-
-
49
income
-
-
-
343
total
-
-
-
425
Employee
441
-
1 172
-
health
50
-
134
-
pensions
50
-
90
-
income
60
-
240
-
total
160
-
464
-
Employer
441
-
1 172
-
accident
7
-
20
-
pensions
72
-
130
-
unemployment
11
-
29
-
total
90
-
179
-
Corporate
819
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.

737
1 215
-
-
total
737
1 215
-
-
Dividends
82
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 003
1 241
643
425
After tax
347
109
707
925
Living cost
280
280
280
280
Free-cash
67
-171
427
645

Estimated living cost  is $280 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$610
$980
$925
$725
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
health insurance
-
-
-
100
work injury
-
-
-
7
pensions
-
-
-
248
unemployment
-
-
-
16
income
-
-
-
212
total
-
-
-
583
Employee

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

252
-
1 350
-
pensions
46
-
171
-
work injury
1
-
5
-
unemployment
3
-
11
-
health insurance
19
-
69
-
income
25
-
212
-
total
94
-
468
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 098
1 350
-
-
income

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

11
13
-
-
total
11
13
-
-
Dividends
1 087
1 337
-
-
withholding
163
200
-
-
total
163
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
268
213
468
583
After tax
1 082
1 137
882
767
Living cost
157
157
157
157
Free-cash
925
980
725
610

Estimated living cost  is $157 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$200
$246
$192
$139
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
regional
-
-
-
29
municipal
-
-
-
9
social contributions
-
-
-
347
national
-
-
-
300
total
-
-
-
685
Employee
983
-
1 350
-
regional
15
-
24
-
national
166
-
259
-
social contributions
332
-
455
-
municipal
6
-
8
-
total
519
-
746
-
Employer
983
-
1 350
-
total
-
-
-
-
Corporate
367
1 350
-
-
nationa
88
324
-
-
municipal
18
65
-
-
total
106
389
-
-
Dividends
261
961
-
-
withholding
68
250
-
-
total
68
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
693
639
746
685
After tax
657
711
604
665
Living cost
465
465
465
465
Free-cash
192
246
139
200

Estimated living cost  is $465 per week

$326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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