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
$556
$430
$325
$454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
337
health

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

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

-
-
-
81
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
trade
-
-
-
126
total
-
-
-
563
Employee

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

451
-
1 350
-
income

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

13
-
337
-
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
-
health

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

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

81
-
81
-
total
95
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
899
1 350
-
-
surtax

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

7
11
-
-
income
135
202
-
-
chamber of commerce
3
4
-
-
trade
142
213
-
-
total
287
430
-
-
Dividends
612
920
-
-
withholding
149
226
-
-
surtax

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

8
12
-
-
total
157
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
539
668
437
563
After tax
811
682
913
787
Living cost
357
357
357
357
Free-cash
454
325
556
430

Estimated living cost  is $357 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$185
$174
$205
$193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
15
national
-
-
-
220
pensions
-
-
-
162
municipal
-
-
-
142
total
-
-
-
539
Employee
988
-
1 167
-
municipal
122
-
147
-
national
189
-
228
-
pensions
40
-
47
-
total
351
-
422
-
Employer
988
-
1 167
-
pensions
79
-
93
-
social contributions
11
-
13
-
total
90
-
106
-
Corporate
208
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%.

42
270
-
-
total
42
270
-
-
Dividends
166
1 080
-
-
withholding
37
238
-
-
total
37
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
508
528
539
After tax
830
842
822
811
Living cost
637
637
637
637
Free-cash
193
205
185
174

Estimated living cost  is $637 per week

$433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
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
$514
$474
$835
$739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 350
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
345
-
1 088
-
social contributions

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

38
-
120
-
income
61
-
209
-
surtax
-
-
-
-
total
99
-
329
-
Employer
345
-
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.

83
-
262
-
total
83
-
262
-
Corporate
922
1 350
-
-
income

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

184
270
-
-
total
184
270
-
-
Dividends

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

738
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
245
245
245
245
Free-cash
739
835
514
474

Estimated living cost  is $245 per week

$157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$212
$278
$165
$92
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
-
-
-
295
health
-
-
-
145
pensions
-
-
-
138
total
-
-
-
578
Employee
1 007
1 007
1 149
-
income

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

165
165
165
-
health
155
131
140
-
pensions
181
138
138
-
total
501
434
443
-
Employer
1 007
1 007
1 149
-
unemployment
36
36
41
-
pensions
70
70
80
-
health
70
70
80
-
total
176
176
201
-
Corporate
179
166
-
-
income
36
33
-
-
total
36
33
-
-
Dividends
143
133
-
-
withholding
21
20
-
-
income
30
28
-
-
total
51
48
-
-
Income
1 350
1 350
1 350
1 350
Total tax
764
691
644
578
After tax
586
659
706
772
Living cost
494
494
494
494
Free-cash
92
165
212
278

Estimated living cost  is $494 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$238
$248
$261
$251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
national
-
-
-
12
health
-
-
-
65
unemployment
-
-
-
1
other
-
-
-
121
pensions
-
-
-
113
municipal
-
-
-
312
total
-
-
-
626
Employee
679
-
1 027
-
municipal
202
-
306
-
national
-
-
8
-
total
202
-
314
-
Employer
679
-
1 027
-
other
79
-
119
-
unemployment
18
-
27
-
pensions
73
-
111
-
health
42
-
63
-
accident
1
-
2
-
total
213
-
322
-
Corporate
458
1 350
-
-
income
101
297
-
-
total
101
297
-
-
Dividends
357
1 053
-
-
withholding
107
316
-
-
total
107
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
623
613
636
626
After tax
727
737
714
724
Living cost
476
476
476
476
Free-cash
251
261
238
248

Estimated living cost  is $476 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$450
$318
$213
$377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
337
health

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

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

-
-
-
81
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
trade
-
-
-
132
total
-
-
-
569
Employee

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

598
-
1 350
-
income

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

51
-
337
-
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
-
health

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

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

81
-
81
-
total
135
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
752
1 350
-
-
surtax

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

6
11
-
-
income
113
202
-
-
chamber of commerce
3
4
-
-
trade
124
222
-
-
total
246
439
-
-
Dividends
506
911
-
-
withholding
122
223
-
-
surtax

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

7
12
-
-
total
129
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
510
674
437
569
After tax
840
676
913
781
Living cost
463
463
463
463
Free-cash
377
213
450
318

Estimated living cost  is $463 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$549
$566
$605
$555
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
-
-
-
191
income
-
-
-
176
health
-
-
-
34
total
-
-
-
401
Employee
907
907
1 226
-
social contributions
44
75
102
-
income
95
84
170
-
health
9
15
21
-
total
148
174
293
-
Employer
907
907
1 226
-
health
10
17
23
-
social contributions
44
75
102
-
total
54
92
125
-
Corporate
765
351
-
-
income
96
44
-
-
total
96
44
-
-
Dividends
670
307
-
-
withholding
114
52
-
-
total
114
52
-
-
Income
1 350
1 350
1 350
1 350
Total tax
412
362
418
401
After tax
938
988
932
949
Living cost
383
383
383
383
Free-cash
555
605
549
566

Estimated living cost  is $383 per week

$262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$551
$704
$529
$534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
165
health
-
-
-
94
unemployment
-
-
-
20
pensions
-
-
-
135
total
-
-
-
414
Employee

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

The minimum wage is 138,000 HUF per month.

335
133
1 130
-
income
41
16
138
-
health
23
9
79
-
pensions
33
13
113
-
unemployment
5
2
17
-
total
102
40
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.

335
133
1 130
-
pensions
65
26
220
-
total
65
26
220
-
Corporate
950
1 191
-
-
income
86
107
-
-
total
86
107
-
-
Dividends
865
1 084
-
-
withholding
164
206
-
-
social contributions
167
210
-
-
total
331
416
-
-
Income
1 350
1 350
1 350
1 350
Total tax
584
589
567
414
After tax
766
761
783
936
Living cost
232
232
232
232
Free-cash
534
529
551
704

Estimated living cost  is $232 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Budapest model

Close
Tallinn , Estonia
$493
$438
$795
$722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
health
-
-
-
176
pensions
-
-
-
270
total
-
-
-
627
Employee
335
-
1 009
-
income
38
-
195
-
pensions
7
-
20
-
unemployment
5
-
16
-
total
50
-
231
-
Employer
335
-
1 009
-
unemployment
3
-
8
-
pensions
67
-
202
-
health
43
-
131
-
total
113
-
341
-
Corporate
902
1 350
-
-
income
180
270
-
-
total
180
270
-
-
Dividends
722
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
343
270
572
627
After tax
1 007
1 080
778
723
Living cost
285
285
285
285
Free-cash
722
795
493
438

Estimated living cost  is $285 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$448
$666
-$150
$70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
343
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
425
Employee
408
-
1 172
-
income
56
-
240
-
health
47
-
134
-
pensions
46
-
90
-
total
149
-
464
-
Employer
408
-
1 172
-
unemployment
10
-
29
-
pensions
66
-
130
-
accident
7
-
20
-
total
83
-
179
-
Corporate
859
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.

773
1 215
-
-
total
773
1 215
-
-
Dividends
86
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 021
1 241
643
425
After tax
329
109
707
925
Living cost
259
259
259
259
Free-cash
70
-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
$979
$1235
$1181
$1163
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
126
-
1 350
-
income
25
-
270
-
total
25
-
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%.

1 224
1 350
-
-
total
-
-
-
-
Dividends
1 224
1 350
-
-
withholding
61
68
-
-
total
61
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
86
68
270
14
After tax
1 264
1 282
1 080
1 336
Living cost
101
101
101
101
Free-cash
1 163
1 181
979
1 235

Estimated living cost  is $101 per week

$62
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.
$27
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
$469
$413
$678
$599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
176
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
total
-
-
-
623
Employee
428
-
1 078
-
income
74
-
194
-
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
-
total
114
-
295
-
Employer
428
-
1 078
-
other
21
-
54
-
unemployment
4
-
11
-
pensions

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

73
-
183
-
health
6
-
15
-
accident
3
-
9
-
total
107
-
272
-
Corporate
814
1 350
-
-
income
171
283
-
-
total
171
283
-
-
Dividends
643
1 067
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
437
358
567
623
After tax
913
992
783
727
Living cost
314
314
314
314
Free-cash
599
678
469
413

Estimated living cost  is $314 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$33
$158
$172
$58
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
308
pensions
-
-
-
92
total
-
-
-
400
Employee
1 121
-
1 186
-
income
202
-
225
-
health
18
-
20
-
pensions
108
-
116
-
total
328
-
361
-
Employer
1 121
-
1 186
-
pensions
132
-
141
-
health
21
-
23
-
total
153
-
164
-
Corporate
76
1 350
-
-
income

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

14
256
-
-
total
14
256
-
-
Dividends
61
1 094
-
-
withholding
5
130
-
-
total
5
130
-
-
Income
1 350
1 350
1 350
1 350
Total tax
500
386
525
400
After tax
850
964
825
950
Living cost
792
792
792
792
Free-cash
58
172
33
158

Estimated living cost  is $792 per week

$593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$932
$885
$1001
$948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
203
health
-
-
-
47
unemployment
-
-
-
2
pensions

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

-
-
-
60
total
-
-
-
312
Employee
203
-
1 270
-
income
20
-
127
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
9
-
19
-
pensions

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

18
-
36
-
total
49
-
186
-
Employer
203
-
1 270
-
unemployment
1
-
2
-
pensions

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

22
-
45
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
39
-
79
-
Corporate
1 107
1 350
-
-
income
111
135
-
-
total
111
135
-
-
Dividends
997
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
249
196
265
312
After tax
1 101
1 154
1 085
1 038
Living cost
153
153
153
153
Free-cash
948
1 001
932
885

Estimated living cost  is $153 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$52
$118
$5
$34
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
-
-
-
295
health
-
-
-
145
pensions
-
-
-
138
total
-
-
-
578
Employee
1 093
1 007
1 149
-
income

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

165
165
165
-
health
136
131
140
-
pensions
138
138
138
-
total
439
434
443
-
Employer
1 093
1 007
1 149
-
unemployment
39
36
41
-
pensions
76
70
80
-
health
76
70
80
-
total
191
176
201
-
Corporate
65
166
-
-
income
13
33
-
-
total
13
33
-
-
Dividends
52
133
-
-
withholding
8
20
-
-
income
11
28
-
-
total
19
48
-
-
Income
1 350
1 350
1 350
1 350
Total tax
662
691
644
578
After tax
688
659
706
772
Living cost
654
654
654
654
Free-cash
34
5
52
118

Estimated living cost  is $654 per week

$482
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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$391
$364
$635
$531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
394
income
-
-
-
116
health
-
-
-
182
solidarity contribution
-
-
-
-
total
-
-
-
692
Employee
433
-
1 007
-
social contributions
28
-
65
-
income
52
-
121
-
health
58
-
136
-
solidarity contribution
-
-
-
-
total
138
-
322
-
Employer
433
-
1 007
-
health
39
-
91
-
social contributions
108
-
252
-
total
147
-
343
-
Corporate
770
1 350
-
-
income
146
257
-
-
total
146
257
-
-
Dividends
623
1 093
-
-
withholding
94
164
-
-
total
94
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
525
421
665
692
After tax
825
929
685
658
Living cost
294
294
294
294
Free-cash
531
635
391
364

Estimated living cost  is $294 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$119
$183
$222
$160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
national
-
-
-
299
regional
-
-
-
15
municipal
-
-
-
8
total
-
-
-
669
Employee
1 048
-
1 350
-
social contributions
353
-
455
-
municipal
6
-
7
-
regional
10
-
13
-
national
182
-
258
-
total
551
-
733
-
Employer
1 048
-
1 350
-
total
-
-
-
-
Corporate
302
1 350
-
-
nationa
72
324
-
-
municipal
12
53
-
-
total
84
377
-
-
Dividends
218
973
-
-
withholding
57
253
-
-
total
57
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
630
733
669
After tax
658
720
617
681
Living cost
498
498
498
498
Free-cash
160
222
119
183

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$387
$409
$589
$554
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
-
-
-
276
health
-
-
-
96
unemployment
-
-
-
3
other
-
-
-
-
pensions
-
-
-
270
surtax
-
-
-
36
total
-
-
-
681
Employee
390
-
1 115
-
income
65
-
255
-
surtax
1
-
33
-
health
10
-
28
-
pensions
26
-
74
-
unemployment
27
-
78
-
other
-
-
-
-
total
129
-
468
-
Employer
390
-
1 115
-
other
-
-
-
-
unemployment
12
-
35
-
pensions
52
-
149
-
health
18
-
51
-
total
82
-
235
-
Corporate
878
1 350
-
-
income
228
351
-
-
total
228
351
-
-
Dividends
650
999
-
-
withholding
97
150
-
-
total
97
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
501
703
681
After tax
814
849
647
669
Living cost
260
260
260
260
Free-cash
554
589
387
409

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$284
$409
$423
$377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
308
pensions
-
-
-
92
total
-
-
-
400
Employee
751
-
1 186
-
income
135
-
225
-
health
11
-
20
-
pensions
64
-
116
-
total
210
-
361
-
Employer
751
-
1 186
-
pensions
81
-
141
-
health
14
-
23
-
total
95
-
164
-
Corporate
503
1 350
-
-
income

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

96
256
-
-
total
96
256
-
-
Dividends
408
1 094
-
-
withholding
31
130
-
-
total
31
130
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
386
525
400
After tax
918
964
825
950
Living cost
541
541
541
541
Free-cash
377
423
284
409

Estimated living cost  is $541 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$126
$195
-$309
$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
city
-
-
-
14
health
-
-
-
3
national
-
-
-
11
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
pensions
-
-
-
124
regional
-
-
-
50
total
-
-
-
229
Employee
1 084
-
1 208
-
regional
35
-
43
-
health
2
-
3
-
national
5
-
8
-
pensions
91
-
102
-
unemployment
-
-
-
-
city
12
-
13
-
total
145
-
169
-
Employer
1 084
-
1 208
-
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
-
-
-
-
pensions
91
-
102
-
health
2
-
3
-
total
115
-
129
-
Corporate
139
1 350
-
-
regional
29
286
-
-
national
12
115
-
-
total
41
401
-
-
Dividends
98
950
-
-
withholding
34
332
-
-
total
34
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
335
733
298
229
After tax
1 015
617
1 052
1 121
Living cost
926
926
926
926
Free-cash
89
-309
126
195

Estimated living cost  is $926 per week

$602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$83
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$229
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
$373
$236
$128
$319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
337
health

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

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

-
-
-
81
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
trade
-
-
-
137
total
-
-
-
574
Employee

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

709
-
1 350
-
income

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

83
-
337
-
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
-
health

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

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

81
-
81
-
total
169
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
641
1 350
-
-
surtax

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

5
11
-
-
income
96
202
-
-
chamber of commerce
3
4
-
-
trade
110
232
-
-
total
214
449
-
-
Dividends
427
901
-
-
withholding
102
221
-
-
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
-
-
total
108
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
491
682
437
574
After tax
859
668
913
776
Living cost
540
540
540
540
Free-cash
319
128
373
236

Estimated living cost  is $540 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$418
$369
$277
$347
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
-
-
-
38
income
-
-
-
153
health
-
-
-
34
other
-
-
-
42
pensions
-
-
-
310
surtax
-
-
-
-
total
-
-
-
577
Employee
505
-
1 085
-
social contributions
14
-
31
-
income
30
-
174
-
surtax
-
-
-
-
pensions
57
-
58
-
total
101
-
263
-
Employer
505
-
1 085
-
other
17
-
37
-
unemployment
20
-
44
-
pensions
83
-
101
-
health
35
-
80
-
social contributions
2
-
3
-
total
157
-
265
-
Corporate
688
1 350
-
-
surtax
-
-
-
-
income
193
378
-
-
total
193
378
-
-
Dividends
495
972
-
-
withholding
63
124
-
-
surtax
-
-
-
-
social contributions
85
167
-
-
total
148
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
599
669
528
577
After tax
751
681
822
773
Living cost
404
404
404
404
Free-cash
347
277
418
369

Estimated living cost  is $404 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$458
$409
$317
$382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
38
income
-
-
-
153
health
-
-
-
34
other
-
-
-
42
pensions
-
-
-
310
surtax
-
-
-
-
total
-
-
-
577
Employee
451
-
1 085
-
social contributions
13
-
31
-
income
23
-
174
-
surtax
-
-
-
-
pensions
51
-
58
-
total
87
-
263
-
Employer
451
-
1 085
-
other
16
-
37
-
unemployment
18
-
44
-
pensions
74
-
101
-
health
32
-
80
-
social contributions
1
-
3
-
total
141
-
265
-
Corporate
759
1 350
-
-
surtax
-
-
-
-
income
212
378
-
-
total
212
378
-
-
Dividends
546
972
-
-
withholding
70
124
-
-
surtax
-
-
-
-
social contributions
94
167
-
-
total
164
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
604
669
528
577
After tax
746
681
822
773
Living cost
364
364
364
364
Free-cash
382
317
458
409

Estimated living cost  is $364 per week

$211
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.
$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 Marseille model

Close
Vilnius , Lithuania
$611
$618
$573
$580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
186
income
-
-
-
202
health
-
-
-
94
total
-
-
-
482
Employee
400
-
1 350
-
social contributions
55
-
186
-
income
67
-
209
-
health
28
-
94
-
total
150
-
489
-
Employer
400
-
1 350
-
total
-
-
-
-
Corporate
950
1 350
-
-
income

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

47
68
-
-
total
47
68
-
-
Dividends
903
1 282
-
-
health
63
90
-
-
withholding
135
192
-
-
social contributions
125
177
-
-
total
323
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
527
489
482
After tax
830
823
861
868
Living cost
250
250
250
250
Free-cash
580
573
611
618

Estimated living cost  is $250 per week

$167
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$26
$255
$338
$320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
247
health
-
-
-
103
unemployment
-
-
-
72
pensions
-
-
-
250
surtax
-
-
-
2
chamber of commerce
-
-
-
5
total
-
-
-
679
Employee
589
470
1 046
-
income
67
35
219
-
health
23
18
40
-
pensions
60
48
107
-
unemployment
18
14
31
-
other
6
5
10
-
total
174
120
407
-
Employer
589
470
1 046
-
other
28
22
50
-
surtax
2
2
2
-
unemployment
18
14
31
-
pensions
74
59
131
-
payroll
18
14
31
-
health
22
18
40
-
accident
8
6
14
-
chamber of commerce
2
2
4
-
total
172
137
303
-
Corporate
589
742
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.

147
186
250
-
total
147
186
250
-
Dividends
441
557
-
-
withholding
121
153
-
-
total
121
153
-
-
Income
1 350
1 350
1 350
1 350
Total tax
614
596
960
679
After tax
736
754
390
671
Living cost
416
416
416
416
Free-cash
320
338
-26
255

Estimated living cost  is $416 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$85
$184
$327
$150
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
-
-
-
451
communal

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

-
-
-
68
total
-
-
-
736
Employee

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

844
-
1 046
-
communal

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

44
-
55
-
health

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

40
-
49
-
national
259
-
339
-
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
-
total
413
-
530
-
Employer

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

844
-
1 046
-
surtax
96
-
119
-
unemployment

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

12
-
15
-
pensions

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

75
-
93
-
health

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

52
-
64
-
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
-
total
246
-
305
-
Corporate
261
1 350
-
-
surtax
1
5
-
-
income
52
270
-
-
total
53
275
-
-
Dividends
208
1 075
-
-
withholding

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

58
318
-
-
total
58
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
770
593
835
736
After tax
580
757
515
614
Living cost
430
430
430
430
Free-cash
150
327
85
184

Estimated living cost  is $430 per week

$277
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.
$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 Brussels model

Close
Barcelona , Spain
$275
$314
$483
$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
accident
-
-
-
10
income
-
-
-
282
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
309
total
-
-
-
610
Employee
587
-
1 024
-
income
124
-
258
-
pensions
28
-
48
-
unemployment
9
-
16
-
other
1
-
1
-
total
162
-
323
-
Employer
587
-
1 024
-
other
5
-
8
-
unemployment
32
-
56
-
pensions
139
-
242
-
accident
12
-
20
-
total
188
-
326
-
Corporate
576
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.

86
202
-
-
total
86
202
-
-
Dividends
489
1 148
-
-
withholding
100
239
-
-
total
100
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
441
649
610
After tax
814
909
701
740
Living cost
426
426
426
426
Free-cash
388
483
275
314

Estimated living cost  is $426 per week

$314
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$162
$107
$180
$90
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
-
-
-
11
income
-
-
-
142
health
-
-
-
95
communal
-
-
-
85
pensions
-
-
-
202
surtax
-
-
-
67
total
-
-
-
602
Employee
893
-
1 206
-
income
86
-
179
-
surtax
55
-
74
-
health
40
-
54
-
pensions
71
-
96
-
total
252
-
403
-
Employer
893
-
1 206
-
pensions
71
-
96
-
health
27
-
37
-
accident
8
-
11
-
total
106
-
144
-
Corporate
350
1 350
-
-
surtax
4
14
-
-
income
53
202
-
-
communal
-
91
-
-
total
57
307
-
-
Dividends
294
1 042
-
-
withholding
44
156
-
-
income
160
66
-
-
total
204
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
619
529
547
602
After tax
731
821
803
748
Living cost
641
641
641
641
Free-cash
90
180
162
107

Estimated living cost  is $641 per week

$481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$382
$404
$584
$546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
276
health
-
-
-
96
unemployment
-
-
-
3
other
-
-
-
-
pensions
-
-
-
270
surtax
-
-
-
36
total
-
-
-
681
Employee
397
-
1 115
-
income
67
-
255
-
surtax
1
-
33
-
health
10
-
28
-
pensions
27
-
74
-
unemployment
28
-
78
-
other
-
-
-
-
total
133
-
468
-
Employer
397
-
1 115
-
other
-
-
-
-
unemployment
13
-
35
-
pensions
53
-
149
-
health
18
-
51
-
total
84
-
235
-
Corporate
869
1 350
-
-
income
226
351
-
-
total
226
351
-
-
Dividends
643
999
-
-
withholding
96
150
-
-
total
96
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
539
501
703
681
After tax
811
849
647
669
Living cost
265
265
265
265
Free-cash
546
584
382
404

Estimated living cost  is $265 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$294
$358
$392
$365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
national
-
-
-
299
regional
-
-
-
20
municipal
-
-
-
8
total
-
-
-
674
Employee
654
-
1 350
-
social contributions
221
-
455
-
municipal
3
-
7
-
regional
9
-
18
-
national
104
-
258
-
total
337
-
738
-
Employer
654
-
1 350
-
total
-
-
-
-
Corporate
696
1 350
-
-
nationa
167
324
-
-
municipal
35
67
-
-
total
202
391
-
-
Dividends
494
959
-
-
withholding
128
249
-
-
total
128
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
667
640
738
674
After tax
683
710
612
676
Living cost
318
318
318
318
Free-cash
365
392
294
358

Estimated living cost  is $318 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$322
$295
$566
$437
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
-
-
-
394
income
-
-
-
116
health
-
-
-
182
solidarity contribution
-
-
-
-
total
-
-
-
692
Employee
534
-
1 007
-
social contributions
35
-
65
-
income
64
-
121
-
health
72
-
136
-
solidarity contribution
-
-
-
-
total
171
-
322
-
Employer
534
-
1 007
-
health
48
-
91
-
social contributions
133
-
252
-
total
181
-
343
-
Corporate
635
1 350
-
-
income
121
257
-
-
total
121
257
-
-
Dividends
514
1 093
-
-
withholding
77
164
-
-
total
77
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
550
421
665
692
After tax
800
929
685
658
Living cost
363
363
363
363
Free-cash
437
566
322
295

Estimated living cost  is $363 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$12
$297
$379
$374
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
-
-
-
247
health
-
-
-
103
unemployment
-
-
-
72
pensions
-
-
-
250
surtax
-
-
-
-
chamber of commerce
-
-
-
5
total
-
-
-
677
Employee
516
470
1 048
-
income
46
35
220
-
health
20
18
41
-
pensions
53
48
107
-
unemployment
15
14
31
-
other
5
5
10
-
total
139
120
409
-
Employer
516
470
1 048
-
other
24
22
50
-
surtax
-
-
-
-
unemployment
15
14
31
-
pensions
65
59
132
-
payroll
15
14
31
-
health
19
18
40
-
accident
7
6
14
-
chamber of commerce
2
2
4
-
total
147
135
302
-
Corporate
686
745
1 004
-
income

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

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

172
186
251
-
total
172
186
251
-
Dividends
515
559
-
-
withholding
142
154
-
-
total
142
154
-
-
Income
1 350
1 350
1 350
1 350
Total tax
600
595
962
677
After tax
750
755
388
673
Living cost
376
376
376
376
Free-cash
374
379
12
297

Estimated living cost  is $376 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$923
$1179
$1125
$1096
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
196
-
1 350
-
income
39
-
270
-
total
39
-
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%.

1 154
1 350
-
-
total
-
-
-
-
Dividends
1 154
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
97
68
270
14
After tax
1 253
1 282
1 080
1 336
Living cost
157
157
157
157
Free-cash
1 096
1 125
923
1 179

Estimated living cost  is $157 per week

$106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$39
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
$336
$374
$613
$514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

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

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

522
-
1 168
-
income
90
-
258
-
health
34
-
75
-
pensions
81
-
181
-
unemployment
1
-
2
-
total
206
-
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.

522
-
1 168
-
unemployment
-
-
1
-
pensions
46
-
103
-
health
35
-
78
-
total
81
-
182
-
Corporate
747
1 350
-
-
income
142
257
-
-
total
142
257
-
-
Dividends
605
1 093
-
-
withholding
91
164
-
-
total
91
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
421
698
660
After tax
830
929
652
690
Living cost
316
316
316
316
Free-cash
514
613
336
374

Estimated living cost  is $316 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$621
$374
$262
-$582
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
801
-
-
-
social contributions
66
-
9
-
income
177
-
-
-
total
243
-
9
-
Employer
801
-
-
-
social contributions
1 130
-
161
-
total
1 130
-
161
-
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
1 373
529
170
417
After tax
-23
821
1 180
933
Living cost
559
559
559
559
Free-cash
-582
262
621
374

Estimated living cost  is $559 per week

$363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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.
$137
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
$297
$377
$398
$385
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
-
-
-
134
surtax
-
-
-
-
total
-
-
-
603
Employee
542
-
1 091
-
social contributions
60
-
120
-
income
113
-
304
-
surtax
-
-
-
-
total
173
-
424
-
Employer
542
-
1 091
-
social contributions
129
-
259
-
total
129
-
259
-
Corporate
679
1 350
-
-
surtax
-
-
-
-
income
143
283
-
-
total
143
283
-
-
Dividends
536
1 067
-
-
withholding
150
299
-
-
total
150
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
595
582
683
603
After tax
755
768
667
747
Living cost
370
370
370
370
Free-cash
385
398
297
377

Estimated living cost  is $370 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$252
$203
$111
$192
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
-
-
-
38
income
-
-
-
153
health
-
-
-
34
other
-
-
-
42
pensions
-
-
-
310
surtax
-
-
-
-
total
-
-
-
577
Employee
739
-
1 085
-
social contributions
21
-
31
-
income
64
-
174
-
surtax
-
-
-
-
pensions
84
-
58
-
total
169
-
263
-
Employer
739
-
1 085
-
other
25
-
37
-
unemployment
30
-
44
-
pensions
121
-
101
-
health
52
-
80
-
social contributions
2
-
3
-
total
230
-
265
-
Corporate
381
1 350
-
-
surtax
-
-
-
-
income
107
378
-
-
total
107
378
-
-
Dividends
274
972
-
-
withholding
35
124
-
-
surtax
-
-
-
-
social contributions
47
167
-
-
total
82
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
588
669
528
577
After tax
762
681
822
773
Living cost
570
570
570
570
Free-cash
192
111
252
203

Estimated living cost  is $570 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Paris model

Close
Andorra , Andorra
$700
$664
$860
$820
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
379
-
1 169
-
social contributions
25
-
76
-
income
-
-
38
-
total
25
-
114
-
Employer
379
-
1 169
-
social contributions
59
-
181
-
total
59
-
181
-
Corporate
912
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
821
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
175
135
295
331
After tax
1 175
1 215
1 055
1 019
Living cost
355
355
355
355
Free-cash
820
860
700
664

Estimated living cost  is $355 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$1214
$260
-$1214
-$1214
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
national
-
-
-
146
pensions
-
-
-
10
labour market
-
-
-
107
municipal
-
-
-
260
total
-
-
-
523
Employee
2 393
2 393
2 393
-
municipal
510
510
510
-
national
292
292
292
-
pensions
3
3
3
-
labour market
191
191
191
-
total
996
996
996
-
Employer
2 393
2 393
2 393
-
national
293
293
293
-
pensions
7
7
7
-
labour market
191
191
191
-
municipal
510
510
510
-
total
1 001
1 001
1 001
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 997
1 997
1 997
523
After tax
-647
-647
-647
827
Living cost
567
567
567
567
Free-cash
-1 214
-1 214
-1 214
260

Estimated living cost  is $567 per week

$388
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.
$120
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
$452
$670
-$146
$71
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
343
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
425
Employee
402
-
1 172
-
income
55
-
240
-
health
46
-
134
-
pensions
45
-
90
-
total
146
-
464
-
Employer
402
-
1 172
-
unemployment
10
-
29
-
pensions
65
-
130
-
accident
7
-
20
-
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
$301
$487
$431
$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

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
national
-
-
-
154
health
-
-
-
16
municipal
-
-
-
240
total
-
-
-
410
Employee
621
-
1 136
-
municipal
102
-
185
-
health
5
-
13
-
national
10
-
90
-
pensions
42
-
77
-
unemployment
9
-
17
-
total
168
-
382
-
Employer
621
-
1 136
-
unemployment
4
-
7
-
pensions
108
-
197
-
health
5
-
9
-
accident
1
-
1
-
total
118
-
214
-
Corporate
612
1 350
-
-
income
122
270
-
-
total
122
270
-
-
Dividends

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

367
810
-
-
municipal
66
146
-
-
national
-
50
-
-
total
66
196
-
-
Income
1 350
1 350
1 350
1 350
Total tax
474
466
596
410
After tax
876
884
754
940
Living cost
453
453
453
453
Free-cash
423
431
301
487

Estimated living cost  is $453 per week

$296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$659
$676
$715
$650
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
-
-
-
191
income
-
-
-
176
health
-
-
-
34
total
-
-
-
401
Employee
907
907
1 226
-
social contributions
34
75
102
-
income
99
84
170
-
health
7
15
21
-
total
140
174
293
-
Employer
907
907
1 226
-
health
8
17
23
-
social contributions
34
75
102
-
total
42
92
125
-
Corporate
895
351
-
-
income
112
44
-
-
total
112
44
-
-
Dividends
783
307
-
-
withholding
133
52
-
-
total
133
52
-
-
Income
1 350
1 350
1 350
1 350
Total tax
427
362
418
401
After tax
923
988
932
949
Living cost
273
273
273
273
Free-cash
650
715
659
676

Estimated living cost  is $273 per week

$164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$676
$914
$931
$870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 350
income
-
-
-
131
health
-
-
-
43
unemployment
-
-
-
-
pensions
-
-
-
75
total
-
-
-
249
Employee

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

271
-
1 235
-
income
19
-
102
-
health
23
-
95
-
pensions
41
-
168
-
unemployment
1
-
6
-
total
84
-
371
-
Employer

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

271
-
1 235
-
unemployment
1
-
6
-
pensions
15
-
62
-
health
12
-
48
-
total
28
-
116
-
Corporate
1 051
1 350
-
-
income
95
121
-
-
total
95
121
-
-
Dividends
957
1 229
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
293
232
487
249
After tax
1 057
1 118
863
1 101
Living cost
187
187
187
187
Free-cash
870
931
676
914

Estimated living cost  is $187 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$377
$416
$585
$523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
282
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
309
total
-
-
-
610
Employee
436
-
1 024
-
income
84
-
258
-
pensions
21
-
48
-
unemployment
7
-
16
-
other
-
-
1
-
total
112
-
323
-
Employer
436
-
1 024
-
other
3
-
8
-
unemployment
24
-
56
-
pensions
103
-
242
-
accident
9
-
20
-
total
139
-
326
-
Corporate
775
1 350
-
-
income

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

116
202
-
-
total
116
202
-
-
Dividends
659
1 148
-
-
withholding
136
239
-
-
total
136
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
503
441
649
610
After tax
847
909
701
740
Living cost
324
324
324
324
Free-cash
523
585
377
416

Estimated living cost  is $324 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$844
$846
$822
$818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
459
health
-
-
-
11
pensions
-
-
-
14
total
-
-
-
484
Employee
30
-
1 334
-
income
6
-
458
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
total
11
-
470
-
Employer
30
-
1 334
-
unemployment
1
-
1
-
pensions
3
-
8
-
health
3
-
7
-
total
7
-
16
-
Corporate
1 313
1 350
-
-
income
289
297
-
-
total
289
297
-
-
Dividends
1 024
1 053
-
-
withholding
205
211
-
-
total
205
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
512
508
486
484
After tax
838
842
864
866
Living cost
20
20
20
20
Free-cash
818
822
844
846

Estimated living cost  is $20 per week

$12
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.
$6
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
$530
$531
$771
$714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 350
income
-
-
-
286
health
-
-
-
90
unemployment
-
-
-
13
pensions
-
-
-
226
total
-
-
-
615
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.

307
-
1 194
-
income
42
-
286
-
health
16
-
45
-
pensions
43
-
122
-
unemployment
2
-
7
-
total
103
-
460
-
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.

307
-
1 194
-
unemployment
2
-
7
-
pensions
37
-
104
-
health
16
-
45
-
total
55
-
156
-
Corporate
988
1 350
-
-
income
148
203
-
-
total
148
203
-
-
Dividends
840
1 147
-
-
withholding
126
172
-
-
total
126
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
375
616
615
After tax
918
975
734
735
Living cost
204
204
204
204
Free-cash
714
771
530
531

Estimated living cost  is $204 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$349
$429
$450
$446
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
-
-
-
134
surtax
-
-
-
-
total
-
-
-
603
Employee
458
-
1 091
-
social contributions
50
-
120
-
income
89
-
304
-
surtax
-
-
-
-
total
139
-
424
-
Employer
458
-
1 091
-
social contributions
109
-
259
-
total
109
-
259
-
Corporate
783
1 350
-
-
surtax
-
-
-
-
income
165
283
-
-
total
165
283
-
-
Dividends
619
1 067
-
-
withholding
173
299
-
-
total
173
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
586
582
683
603
After tax
764
768
667
747
Living cost
318
318
318
318
Free-cash
446
450
349
429

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$286
$325
$494
$404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
282
unemployment
-
-
-
8
other
-
-
-
1
pensions
-
-
-
309
total
-
-
-
610
Employee
570
-
1 024
-
income
119
-
258
-
pensions
27
-
48
-
unemployment
9
-
16
-
other
1
-
1
-
total
156
-
323
-
Employer
570
-
1 024
-
other
5
-
8
-
unemployment
31
-
56
-
pensions
134
-
242
-
accident
11
-
20
-
total
181
-
326
-
Corporate
599
1 350
-
-
income

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

90
202
-
-
total
90
202
-
-
Dividends
509
1 148
-
-
withholding
104
239
-
-
total
104
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
531
441
649
610
After tax
819
909
701
740
Living cost
415
415
415
415
Free-cash
404
494
286
325

Estimated living cost  is $415 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$884
$837
$953
$883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
203
health
-
-
-
47
unemployment
-
-
-
2
pensions

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

-
-
-
60
total
-
-
-
312
Employee
266
-
1 270
-
income
27
-
127
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
12
-
19
-
pensions

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

23
-
36
-
total
65
-
186
-
Employer
266
-
1 270
-
unemployment
2
-
2
-
pensions

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

29
-
45
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
52
-
79
-
Corporate
1 032
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
929
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
266
196
265
312
After tax
1 084
1 154
1 085
1 038
Living cost
201
201
201
201
Free-cash
883
953
884
837

Estimated living cost  is $201 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$458
$343
$241
$395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
337
health

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

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

-
-
-
81
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
trade
-
-
-
115
total
-
-
-
552
Employee

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

587
-
1 350
-
income

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

48
-
337
-
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
-
health

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

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

81
-
81
-
total
132
-
437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
763
1 350
-
-
surtax

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

6
11
-
-
income
114
202
-
-
chamber of commerce
3
4
-
-
trade
110
194
-
-
total
233
411
-
-
Dividends
530
939
-
-
withholding
128
230
-
-
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
-
-
total
135
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
500
654
437
552
After tax
850
696
913
798
Living cost
455
455
455
455
Free-cash
395
241
458
343

Estimated living cost  is $455 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$209
$209
$273
$299
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
-
-
-
345
social contributions
-
-
-
124
total
-
-
-
469
Employee
923
-
1 350
-
social contributions
77
-
124
-
income
174
-
345
-
total
251
-
469
-
Employer
923
-
1 350
-
total
-
-
-
-
Corporate
427
1 350
-
-
income
53
169
-
-
total
53
169
-
-
Dividends
374
1 181
-
-
withholding
75
236
-
-
total
75
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
379
405
469
469
After tax
971
945
881
881
Living cost
672
672
672
672
Free-cash
299
273
209
209

Estimated living cost  is $672 per week

$511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$567
$514
$388
$429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 350
income
-
-
-
336
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
-
-
-
408
Employee
541
-
1 296
-
social contributions
54
-
54
-
income
59
-
247
-
total
113
-
301
-
Employer
541
-
1 296
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
755
1 350
-
-
income
264
472
-
-
total
264
472
-
-
Dividends
491
878
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 350
1 350
1 350
1 350
Total tax
493
534
355
408
After tax
857
816
995
942
Living cost
428
428
428
428
Free-cash
429
388
567
514

Estimated living cost  is $428 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$385
$510
$524
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

128
256
-
-
total
128
256
-
-
Dividends
546
1 094
-
-
withholding
41
130
-
-
total
41
130
-
-
Income
1 350
1 350
1 350
1 350
Total tax
405
386
525
400
After tax
945
964
825
950
Living cost
440
440
440
440
Free-cash
505
524
385
510

Estimated living cost  is $440 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$426
$644
-$172
$64
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
343
health
-
-
-
26
other
-
-
-
4
pensions
-
-
-
49
total
-
-
-
425
Employee
441
-
1 172
-
income
61
-
240
-
health
51
-
134
-
pensions
50
-
90
-
total
162
-
464
-
Employer
441
-
1 172
-
unemployment
11
-
29
-
pensions
72
-
130
-
accident
7
-
20
-
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
1 005
1 241
643
425
After tax
345
109
707
925
Living cost
281
281
281
281
Free-cash
64
-172
426
644

Estimated living cost  is $281 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
$720
$608
$978
$922
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
income
-
-
-
212
work injury
-
-
-
7
unemployment
-
-
-
16
pensions
-
-
-
248
total
-
-
-
583
Employee

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

255
-
1 350
-
work injury
1
-
5
-
income
25
-
212
-
health insurance
19
-
70
-
pensions
47
-
173
-
unemployment
3
-
11
-
total
95
-
471
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 095
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
1 084
1 337
-
-
withholding
163
200
-
-
total
163
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
213
471
583
After tax
1 081
1 137
879
767
Living cost
159
159
159
159
Free-cash
922
978
720
608

Estimated living cost  is $159 per week

$99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$135
$196
$241
$188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
national
-
-
-
299
regional
-
-
-
29
municipal
-
-
-
9
total
-
-
-
684
Employee
994
-
1 350
-
social contributions
335
-
455
-
municipal
6
-
8
-
regional
15
-
24
-
national
168
-
258
-
total
524
-
745
-
Employer
994
-
1 350
-
total
-
-
-
-
Corporate
356
1 350
-
-
nationa
85
324
-
-
municipal
17
65
-
-
total
102
389
-
-
Dividends
253
961
-
-
withholding
66
250
-
-
total
66
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
639
745
684
After tax
658
711
605
666
Living cost
470
470
470
470
Free-cash
188
241
135
196

Estimated living cost  is $470 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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