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
$454
$323
$556
$430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
126
income

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

-
-
-
335
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.

-
-
-
18
total
-
-
-
560
Employee

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

455
-
1 350
-
surtax

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

1
-
18
-
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
-
income

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

13
-
335
-
total
95
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
895
1 350
-
-
trade
141
213
-
-
income
134
202
-
-
surtax

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

7
11
-
-
chamber of commerce
3
4
-
-
total
285
430
-
-
Dividends
610
920
-
-
withholding
148
225
-
-
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
156
237
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
667
434
560
After tax
814
683
916
790
Living cost
360
360
360
360
Free-cash
454
323
556
430

Estimated living cost  is $360 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$225
$234
$212
$202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
15
pensions
-
-
-
162
municipal
-
-
-
142
national
-
-
-
221
total
-
-
-
540
Employee
943
-
1 167
-
national
180
-
229
-
municipal
116
-
148
-
pensions
38
-
47
-
total
334
-
424
-
Employer
943
-
1 167
-
pensions
75
-
93
-
social contributions
10
-
13
-
total
85
-
106
-
Corporate
260
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%.

52
270
-
-
total
52
270
-
-
Dividends
208
1 080
-
-
withholding
46
238
-
-
total
46
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
517
508
530
540
After tax
833
842
820
810
Living cost
608
608
608
608
Free-cash
225
234
212
202

Estimated living cost  is $608 per week

$413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$735
$833
$512
$472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
347
-
1 088
-
surtax
-
-
-
-
social contributions

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

38
-
120
-
income
62
-
209
-
total
100
-
329
-
Employer
347
-
1 088
-
social contributions

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

84
-
262
-
surtax
-
-
-
-
total
84
-
262
-
Corporate
919
1 350
-
-
income

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

184
270
-
-
total
184
270
-
-
Dividends

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

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

Estimated living cost  is $247 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$85
$159
$206
$272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
294
pensions
-
-
-
139
health
-
-
-
147
total
-
-
-
580
Employee
1 015
1 015
1 149
-
health
156
132
140
-
pensions
183
139
139
-
income

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

166
166
166
-
total
505
437
445
-
Employer
1 015
1 015
1 149
-
pensions
71
71
80
-
unemployment
37
37
41
-
health
71
71
80
-
total
179
179
201
-
Corporate
170
157
-
-
income
34
31
-
-
total
34
31
-
-
Dividends
136
126
-
-
withholding
20
19
-
-
income
29
27
-
-
total
49
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
767
693
646
580
After tax
583
657
704
770
Living cost
498
498
498
498
Free-cash
85
159
206
272

Estimated living cost  is $498 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$235
$246
$229
$234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
125
unemployment
-
-
-
1
pensions
-
-
-
116
municipal
-
-
-
310
accident
-
-
-
2
national
-
-
-
4
health
-
-
-
67
total
-
-
-
625
Employee
699
-
1 027
-
national
-
-
2
-
municipal
209
-
306
-
total
209
-
308
-
Employer
699
-
1 027
-
other
81
-
119
-
accident
1
-
2
-
pensions
76
-
111
-
unemployment
18
-
27
-
health
43
-
63
-
total
219
-
322
-
Corporate
431
1 350
-
-
income
95
297
-
-
total
95
297
-
-
Dividends
336
1 053
-
-
withholding
101
316
-
-
total
101
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
624
613
630
625
After tax
726
737
720
725
Living cost
491
491
491
491
Free-cash
235
246
229
234

Estimated living cost  is $491 per week

$325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$375
$209
$449
$318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
131
income

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

-
-
-
335
health

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

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

-
-
-
81
surtax

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

-
-
-
18
total
-
-
-
565
Employee

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

603
-
1 350
-
surtax

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

3
-
18
-
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
-
income

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

52
-
335
-
total
136
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
747
1 350
-
-
trade
123
222
-
-
income
112
202
-
-
surtax

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

6
11
-
-
chamber of commerce
3
4
-
-
total
244
439
-
-
Dividends
503
911
-
-
withholding
121
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
128
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
508
674
434
565
After tax
842
676
916
785
Living cost
467
467
467
467
Free-cash
375
209
449
318

Estimated living cost  is $467 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$554
$601
$548
$564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
175
health
-
-
-
34
total
-
-
-
401
Employee
914
914
1 226
-
health
9
16
21
-
social contributions
44
76
102
-
income
96
85
169
-
total
149
177
292
-
Employer
914
914
1 226
-
social contributions
44
76
102
-
health
10
17
23
-
total
54
93
125
-
Corporate
761
343
-
-
income
95
43
-
-
total
95
43
-
-
Dividends
666
300
-
-
withholding
113
51
-
-
total
113
51
-
-
Income
1 350
1 350
1 350
1 350
Total tax
411
364
417
401
After tax
939
986
933
949
Living cost
385
385
385
385
Free-cash
554
601
548
564

Estimated living cost  is $385 per week

$264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$544
$537
$561
$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
-
-
-
1 350
unemployment
-
-
-
20
income
-
-
-
165
pensions
-
-
-
135
health
-
-
-
94
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.

320
127
1 130
-
unemployment
5
2
17
-
health
22
9
79
-
pensions
32
13
113
-
income
39
16
138
-
total
98
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.

320
127
1 130
-
pensions
62
25
220
-
total
62
25
220
-
Corporate
968
1 198
-
-
income
87
108
-
-
total
87
108
-
-
Dividends
881
1 090
-
-
withholding
167
207
-
-
social contributions
170
211
-
-
total
337
418
-
-
Income
1 350
1 350
1 350
1 350
Total tax
584
591
567
414
After tax
766
759
783
936
Living cost
222
222
222
222
Free-cash
544
537
561
714

Estimated living cost  is $222 per week

$151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$719
$793
$491
$436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
pensions
-
-
-
270
health
-
-
-
176
total
-
-
-
627
Employee
337
-
1 009
-
unemployment
5
-
16
-
pensions
7
-
20
-
income
38
-
195
-
total
50
-
231
-
Employer
337
-
1 009
-
pensions
67
-
202
-
unemployment
3
-
8
-
health
44
-
131
-
total
114
-
341
-
Corporate
899
1 350
-
-
income
180
270
-
-
total
180
270
-
-
Dividends
719
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
344
270
572
627
After tax
1 006
1 080
778
723
Living cost
287
287
287
287
Free-cash
719
793
491
436

Estimated living cost  is $287 per week

$197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$69
-$157
$440
$661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
4
income
-
-
-
340
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
423
Employee
419
-
1 168
-
health
48
-
134
-
pensions
47
-
92
-
income
58
-
236
-
total
153
-
462
-
Employer
419
-
1 168
-
accident
7
-
20
-
pensions
68
-
133
-
unemployment
10
-
29
-
total
85
-
182
-
Corporate
845
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.

761
1 215
-
-
total
761
1 215
-
-
Dividends
85
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 015
1 241
644
423
After tax
335
109
706
927
Living cost
266
266
266
266
Free-cash
69
-157
440
661

Estimated living cost  is $266 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1169
$1187
$985
$1242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
119
-
1 350
-
income
24
-
270
-
total
24
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 231
1 350
-
-
total
-
-
-
-
Dividends
1 231
1 350
-
-
withholding
62
68
-
-
total
62
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
86
68
270
13
After tax
1 264
1 282
1 080
1 337
Living cost
95
95
95
95
Free-cash
1 169
1 187
985
1 242

Estimated living cost  is $95 per week

$59
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$596
$674
$466
$411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
64
income
-
-
-
175
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
health
-
-
-
59
total
-
-
-
622
Employee
431
-
1 078
-
unemployment
4
-
11
-
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
-
income
74
-
194
-
total
114
-
295
-
Employer
431
-
1 078
-
other
22
-
54
-
accident
3
-
9
-
pensions

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

73
-
183
-
unemployment
4
-
11
-
health
6
-
15
-
total
108
-
272
-
Corporate
810
1 350
-
-
income
170
284
-
-
total
170
284
-
-
Dividends
640
1 066
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
437
359
567
622
After tax
913
991
783
728
Living cost
317
317
317
317
Free-cash
596
674
466
411

Estimated living cost  is $317 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$70
$178
$41
$167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
1 105
-
1 186
-
health
18
-
20
-
pensions
107
-
116
-
income
199
-
227
-
total
324
-
363
-
Employer
1 105
-
1 186
-
pensions
130
-
142
-
health
21
-
23
-
total
151
-
165
-
Corporate
93
1 350
-
-
income

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

18
257
-
-
total
18
257
-
-
Dividends
76
1 093
-
-
withholding
6
134
-
-
total
6
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
391
528
402
After tax
851
959
822
948
Living cost
781
781
781
781
Free-cash
70
178
41
167

Estimated living cost  is $781 per week

$585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$943
$998
$925
$881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
202
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
313
Employee
206
-
1 269
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
10
-
19
-
pensions

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

18
-
36
-
income
21
-
127
-
total
51
-
187
-
Employer
206
-
1 269
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

23
-
46
-
unemployment
1
-
2
-
health
14
-
29
-
total
40
-
82
-
Corporate
1 103
1 350
-
-
income
110
135
-
-
total
110
135
-
-
Dividends
993
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
251
196
269
313
After tax
1 099
1 154
1 081
1 037
Living cost
156
156
156
156
Free-cash
943
998
925
881

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$28
-$2
$45
$111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
294
pensions
-
-
-
139
health
-
-
-
147
total
-
-
-
580
Employee
1 102
1 015
1 149
-
health
137
132
140
-
pensions
139
139
139
-
income

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

166
166
166
-
total
442
437
445
-
Employer
1 102
1 015
1 149
-
pensions
77
71
80
-
unemployment
40
37
41
-
health
77
71
80
-
total
194
179
201
-
Corporate
55
157
-
-
income
11
31
-
-
total
11
31
-
-
Dividends
44
126
-
-
withholding
7
19
-
-
income
9
27
-
-
total
16
46
-
-
Income
1 350
1 350
1 350
1 350
Total tax
663
693
646
580
After tax
687
657
704
770
Living cost
659
659
659
659
Free-cash
28
-2
45
111

Estimated living cost  is $659 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$528
$634
$389
$362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
436
-
1 007
-
solidarity contribution
-
-
-
-
health
59
-
136
-
social contributions
28
-
65
-
income
52
-
121
-
total
139
-
322
-
Employer
436
-
1 007
-
social contributions
109
-
252
-
health
39
-
91
-
total
148
-
343
-
Corporate
766
1 350
-
-
income
146
256
-
-
total
146
256
-
-
Dividends
620
1 094
-
-
withholding
93
164
-
-
total
93
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
526
420
665
692
After tax
824
930
685
658
Living cost
296
296
296
296
Free-cash
528
634
389
362

Estimated living cost  is $296 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$157
$219
$117
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
15
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
298
total
-
-
-
668
Employee
1 056
-
1 350
-
national
183
-
257
-
regional
10
-
13
-
municipal
6
-
7
-
social contributions
356
-
455
-
total
555
-
732
-
Employer
1 056
-
1 350
-
total
-
-
-
-
Corporate
294
1 350
-
-
nationa
71
324
-
-
municipal
11
53
-
-
total
82
377
-
-
Dividends
212
973
-
-
withholding
55
253
-
-
total
55
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
630
732
668
After tax
658
720
618
682
Living cost
501
501
501
501
Free-cash
157
219
117
181

Estimated living cost  is $501 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$552
$587
$387
$408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is $262 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$386
$425
$288
$414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
741
-
1 186
-
health
11
-
20
-
pensions
63
-
116
-
income
133
-
227
-
total
207
-
363
-
Employer
741
-
1 186
-
pensions
80
-
142
-
health
14
-
23
-
total
94
-
165
-
Corporate
515
1 350
-
-
income

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

98
257
-
-
total
98
257
-
-
Dividends
417
1 093
-
-
withholding
31
134
-
-
total
31
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
430
391
528
402
After tax
920
959
822
948
Living cost
534
534
534
534
Free-cash
386
425
288
414

Estimated living cost  is $534 per week

$400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$80
-$324
$114
$181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other

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

-
-
-
27
city
-
-
-
14
regional
-
-
-
50
pensions
-
-
-
124
national
-
-
-
10
health
-
-
-
3
total
-
-
-
228
Employee
1 102
-
1 208
-
national
5
-
8
-
unemployment
-
-
-
-
city
12
-
13
-
regional
36
-
42
-
health
2
-
3
-
pensions
93
-
101
-
total
148
-
167
-
Employer
1 102
-
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
-
pensions
93
-
101
-
unemployment
-
-
-
-
health
2
-
3
-
total
117
-
128
-
Corporate
119
1 350
-
-
regional
25
286
-
-
national
10
115
-
-
total
35
401
-
-
Dividends
84
950
-
-
withholding
29
332
-
-
total
29
332
-
-
Income
1 350
1 350
1 350
1 350
Total tax
329
733
295
228
After tax
1 021
617
1 055
1 122
Living cost
941
941
941
941
Free-cash
80
-324
114
181

Estimated living cost  is $941 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$317
$124
$372
$235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
137
income

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

-
-
-
335
health

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

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

-
-
-
81
surtax

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

-
-
-
18
total
-
-
-
571
Employee

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

714
-
1 350
-
surtax

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

5
-
18
-
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
-
income

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

84
-
335
-
total
170
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
636
1 350
-
-
trade
109
232
-
-
income
95
202
-
-
surtax

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

5
11
-
-
chamber of commerce
3
4
-
-
total
212
449
-
-
Dividends
423
901
-
-
withholding
101
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
107
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
489
682
434
571
After tax
861
668
916
779
Living cost
544
544
544
544
Free-cash
317
124
372
235

Estimated living cost  is $544 per week

$398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$340
$274
$418
$366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
151
pensions
-
-
-
312
health
-
-
-
34
surtax
-
-
-
-
total
-
-
-
577
Employee
509
-
1 086
-
surtax
-
-
-
-
pensions
58
-
58
-
social contributions
15
-
31
-
income
30
-
173
-
total
103
-
262
-
Employer
509
-
1 086
-
other
18
-
37
-
pensions
84
-
100
-
unemployment
21
-
44
-
social contributions
2
-
3
-
health
36
-
79
-
total
161
-
263
-
Corporate
683
1 350
-
-
income
191
378
-
-
surtax
-
-
-
-
total
191
378
-
-
Dividends
491
972
-
-
withholding
63
124
-
-
social contributions
85
167
-
-
surtax
-
-
-
-
total
148
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
603
669
525
577
After tax
747
681
825
773
Living cost
407
407
407
407
Free-cash
340
274
418
366

Estimated living cost  is $407 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$381
$315
$459
$407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
151
pensions
-
-
-
312
health
-
-
-
34
surtax
-
-
-
-
total
-
-
-
577
Employee
454
-
1 086
-
surtax
-
-
-
-
pensions
51
-
58
-
social contributions
13
-
31
-
income
23
-
173
-
total
87
-
262
-
Employer
454
-
1 086
-
other
16
-
37
-
pensions
75
-
100
-
unemployment
18
-
44
-
social contributions
1
-
3
-
health
32
-
79
-
total
142
-
263
-
Corporate
754
1 350
-
-
income
211
378
-
-
surtax
-
-
-
-
total
211
378
-
-
Dividends
543
972
-
-
withholding
70
124
-
-
social contributions
93
167
-
-
surtax
-
-
-
-
total
163
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
603
669
525
577
After tax
747
681
825
773
Living cost
366
366
366
366
Free-cash
381
315
459
407

Estimated living cost  is $366 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$578
$572
$610
$616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
403
-
1 350
-
health
28
-
94
-
social contributions
56
-
186
-
income
67
-
208
-
total
151
-
488
-
Employer
403
-
1 350
-
total
-
-
-
-
Corporate
947
1 350
-
-
income

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

47
67
-
-
total
47
67
-
-
Dividends
900
1 283
-
-
health
63
90
-
-
withholding
135
192
-
-
social contributions
124
177
-
-
total
322
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
526
488
482
After tax
830
824
862
868
Living cost
252
252
252
252
Free-cash
578
572
610
616

Estimated living cost  is $252 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$316
$338
-$29
$252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
5
unemployment
-
-
-
73
income
-
-
-
246
pensions
-
-
-
250
health
-
-
-
103
surtax
-
-
-
2
total
-
-
-
679
Employee
594
474
1 046
-
unemployment
18
14
31
-
other
6
5
10
-
health
23
18
41
-
pensions
61
48
107
-
income
68
35
218
-
total
176
120
407
-
Employer
594
474
1 046
-
payroll
18
14
31
-
other
28
22
50
-
accident
8
6
14
-
pensions
75
59
131
-
unemployment
18
14
31
-
chamber of commerce
2
2
4
-
surtax
2
2
2
-
health
22
18
40
-
total
173
137
303
-
Corporate
583
738
1 001
-
income

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

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

146
184
250
-
total
146
184
250
-
Dividends
437
553
-
-
withholding
120
152
-
-
total
120
152
-
-
Income
1 350
1 350
1 350
1 350
Total tax
615
593
960
679
After tax
735
757
390
671
Living cost
419
419
419
419
Free-cash
316
338
-29
252

Estimated living cost  is $419 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$148
$324
$83
$182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
450
communal

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

-
-
-
68
total
-
-
-
735
Employee

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

850
-
1 046
-
national
261
-
338
-
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
-
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
-
pensions

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

64
-
78
-
communal

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

44
-
55
-
total
416
-
529
-
Employer

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

850
-
1 046
-
accident

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

11
-
14
-
pensions

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

75
-
93
-
unemployment

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

12
-
15
-
surtax
96
-
119
-
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
-
total
246
-
305
-
Corporate
252
1 350
-
-
income
50
270
-
-
surtax
1
5
-
-
total
51
275
-
-
Dividends
201
1 075
-
-
withholding

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

56
318
-
-
total
56
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
769
593
834
735
After tax
581
757
516
615
Living cost
433
433
433
433
Free-cash
148
324
83
182

Estimated living cost  is $433 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$384
$480
$272
$310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
280
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
611
Employee
592
-
1 024
-
unemployment
9
-
16
-
other
1
-
1
-
pensions
28
-
48
-
income
125
-
258
-
total
163
-
323
-
Employer
592
-
1 024
-
other
5
-
8
-
accident
12
-
20
-
pensions
140
-
242
-
unemployment
33
-
56
-
total
190
-
326
-
Corporate
570
1 350
-
-
income

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

85
202
-
-
total
85
202
-
-
Dividends
484
1 148
-
-
withholding
99
239
-
-
total
99
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
537
441
649
611
After tax
813
909
701
739
Living cost
429
429
429
429
Free-cash
384
480
272
310

Estimated living cost  is $429 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$86
$175
$159
$104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
140
pensions
-
-
-
202
accident
-
-
-
11
communal
-
-
-
85
health
-
-
-
95
surtax
-
-
-
67
total
-
-
-
600
Employee
900
-
1 206
-
surtax
55
-
74
-
health
40
-
54
-
pensions
72
-
96
-
income
87
-
177
-
total
254
-
401
-
Employer
900
-
1 206
-
accident
8
-
11
-
pensions
72
-
96
-
health
27
-
37
-
total
107
-
144
-
Corporate
343
1 350
-
-
income
51
202
-
-
communal
-
91
-
-
surtax
4
14
-
-
total
55
307
-
-
Dividends
288
1 042
-
-
withholding
43
156
-
-
income
159
66
-
-
total
202
222
-
-
Income
1 350
1 350
1 350
1 350
Total tax
618
529
545
600
After tax
732
821
805
750
Living cost
646
646
646
646
Free-cash
86
175
159
104

Estimated living cost  is $646 per week

$484
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
$545
$582
$382
$403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
275
pensions
-
-
-
270
health
-
-
-
96
surtax
-
-
-
36
total
-
-
-
680
Employee
400
-
1 115
-
surtax
1
-
32
-
unemployment
28
-
78
-
other
-
-
-
-
health
10
-
28
-
pensions
27
-
74
-
income
67
-
254
-
total
133
-
466
-
Employer
400
-
1 115
-
other
-
-
-
-
pensions
53
-
149
-
unemployment
13
-
35
-
health
18
-
51
-
total
84
-
235
-
Corporate
866
1 350
-
-
income
225
351
-
-
total
225
351
-
-
Dividends
640
999
-
-
withholding
96
150
-
-
total
96
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
701
680
After tax
812
849
649
670
Living cost
267
267
267
267
Free-cash
545
582
382
403

Estimated living cost  is $267 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$364
$390
$293
$357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
20
social contributions
-
-
-
347
municipal
-
-
-
8
national
-
-
-
298
total
-
-
-
673
Employee
659
-
1 350
-
national
104
-
257
-
regional
9
-
18
-
municipal
3
-
7
-
social contributions
222
-
455
-
total
338
-
737
-
Employer
659
-
1 350
-
total
-
-
-
-
Corporate
691
1 350
-
-
nationa
166
324
-
-
municipal
34
67
-
-
total
200
391
-
-
Dividends
491
959
-
-
withholding
128
249
-
-
total
128
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
666
640
737
673
After tax
684
710
613
677
Living cost
320
320
320
320
Free-cash
364
390
293
357

Estimated living cost  is $320 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$434
$565
$320
$293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
394
income
-
-
-
116
health
-
-
-
182
solidarity contribution
-
-
-
-
total
-
-
-
692
Employee
537
-
1 007
-
solidarity contribution
-
-
-
-
health
73
-
136
-
social contributions
35
-
65
-
income
64
-
121
-
total
172
-
322
-
Employer
537
-
1 007
-
social contributions
134
-
252
-
health
48
-
91
-
total
182
-
343
-
Corporate
630
1 350
-
-
income
120
256
-
-
total
120
256
-
-
Dividends
510
1 094
-
-
withholding
77
164
-
-
total
77
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
551
420
665
692
After tax
799
930
685
658
Living cost
365
365
365
365
Free-cash
434
565
320
293

Estimated living cost  is $365 per week

$272
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
$370
$378
$11
$294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
5
unemployment
-
-
-
73
income
-
-
-
246
pensions
-
-
-
250
health
-
-
-
103
surtax
-
-
-
-
total
-
-
-
677
Employee
519
474
1 048
-
unemployment
16
14
31
-
other
5
5
10
-
health
20
18
41
-
pensions
53
48
107
-
income
46
35
218
-
total
140
120
407
-
Employer
519
474
1 048
-
payroll
16
14
31
-
other
25
22
50
-
accident
7
6
14
-
pensions
65
59
132
-
unemployment
16
14
31
-
chamber of commerce
2
2
4
-
surtax
-
-
-
-
health
20
18
40
-
total
151
135
302
-
Corporate
681
740
1 003
-
income

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

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

170
185
251
-
total
170
185
251
-
Dividends
511
555
-
-
withholding
140
153
-
-
total
140
153
-
-
Income
1 350
1 350
1 350
1 350
Total tax
601
593
960
677
After tax
749
757
390
673
Living cost
379
379
379
379
Free-cash
370
378
11
294

Estimated living cost  is $379 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1107
$1134
$932
$1189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
185
-
1 350
-
income
37
-
270
-
total
37
-
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%.

1 165
1 350
-
-
total
-
-
-
-
Dividends
1 165
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
95
68
270
13
After tax
1 255
1 282
1 080
1 337
Living cost
148
148
148
148
Free-cash
1 107
1 134
932
1 189

Estimated living cost  is $148 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$511
$610
$334
$372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
2
income
-
-
-
277
pensions
-
-
-
247
health
-
-
-
133
total
-
-
-
659
Employee

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

526
-
1 168
-
unemployment
1
-
2
-
health
34
-
75
-
pensions
81
-
181
-
income
91
-
257
-
total
207
-
515
-
Employer

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

526
-
1 168
-
pensions
47
-
103
-
unemployment
-
-
1
-
health
35
-
78
-
total
82
-
182
-
Corporate
743
1 350
-
-
income
141
257
-
-
total
141
257
-
-
Dividends
602
1 093
-
-
withholding
90
164
-
-
total
90
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
520
421
697
659
After tax
830
929
653
691
Living cost
319
319
319
319
Free-cash
511
610
334
372

Estimated living cost  is $319 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$407
$313
$687
$425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
729
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
729
-
-
-
social contributions
1 028
-
146
-
total
1 028
-
146
-
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
1 249
529
155
417
After tax
101
821
1 195
933
Living cost
508
508
508
508
Free-cash
-407
313
687
425

Estimated living cost  is $508 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$383
$394
$295
$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

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
547
-
1 091
-
surtax
-
-
-
-
social contributions
60
-
120
-
income
114
-
303
-
total
174
-
423
-
Employer
547
-
1 091
-
social contributions
130
-
259
-
total
130
-
259
-
Corporate
674
1 350
-
-
income
141
284
-
-
surtax
-
-
-
-
total
141
284
-
-
Dividends
532
1 066
-
-
withholding
149
299
-
-
total
149
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
594
583
682
603
After tax
756
767
668
747
Living cost
373
373
373
373
Free-cash
383
394
295
374

Estimated living cost  is $373 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$189
$107
$251
$199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
42
social contributions
-
-
-
38
income
-
-
-
151
pensions
-
-
-
312
health
-
-
-
34
surtax
-
-
-
-
total
-
-
-
577
Employee
744
-
1 086
-
surtax
-
-
-
-
pensions
84
-
58
-
social contributions
21
-
31
-
income
65
-
173
-
total
170
-
262
-
Employer
744
-
1 086
-
other
26
-
37
-
pensions
122
-
100
-
unemployment
30
-
44
-
social contributions
2
-
3
-
health
52
-
79
-
total
232
-
263
-
Corporate
373
1 350
-
-
income
105
378
-
-
surtax
-
-
-
-
total
105
378
-
-
Dividends
269
972
-
-
withholding
34
124
-
-
social contributions
46
167
-
-
surtax
-
-
-
-
total
80
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
669
525
577
After tax
763
681
825
773
Living cost
574
574
574
574
Free-cash
189
107
251
199

Estimated living cost  is $574 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$818
$858
$699
$663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
33
social contributions
-
-
-
297
total
-
-
-
330
Employee
382
-
1 169
-
social contributions
25
-
76
-
income
-
-
37
-
total
25
-
113
-
Employer
382
-
1 169
-
social contributions
59
-
181
-
total
59
-
181
-
Corporate
909
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
818
1 215
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
175
135
294
330
After tax
1 175
1 215
1 056
1 020
Living cost
357
357
357
357
Free-cash
818
858
699
663

Estimated living cost  is $357 per week

$231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1237
-$1237
-$1237
$256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
pensions
-
-
-
10
municipal
-
-
-
259
labour market
-
-
-
107
national
-
-
-
146
total
-
-
-
522
Employee
2 413
2 413
2 413
-
national
295
295
295
-
municipal
514
514
514
-
labour market
193
193
193
-
pensions
3
3
3
-
total
1 005
1 005
1 005
-
Employer
2 413
2 413
2 413
-
municipal
515
515
515
-
pensions
7
7
7
-
national
295
295
295
-
labour market
193
193
193
-
total
1 010
1 010
1 010
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
2 015
2 015
2 015
522
After tax
-665
-665
-665
828
Living cost
572
572
572
572
Free-cash
-1 237
-1 237
-1 237
256

Estimated living cost  is $572 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$68
-$154
$443
$664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
4
income
-
-
-
340
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
423
Employee
413
-
1 168
-
health
47
-
134
-
pensions
47
-
92
-
income
57
-
236
-
total
151
-
462
-
Employer
413
-
1 168
-
accident
7
-
20
-
pensions
67
-
133
-
unemployment
10
-
29
-
total
84
-
182
-
Corporate
853
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.

768
1 215
-
-
total
768
1 215
-
-
Dividends
85
135
-
-
withholding
16
26
-
-
total
16
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
1 019
1 241
644
423
After tax
331
109
706
927
Living cost
263
263
263
263
Free-cash
68
-154
443
664

Estimated living cost  is $263 per week

$191
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.
$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

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
$421
$429
$299
$485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
240
national
-
-
-
153
health
-
-
-
16
total
-
-
-
409
Employee
625
-
1 136
-
national
10
-
89
-
unemployment
9
-
17
-
health
5
-
13
-
municipal
102
-
185
-
pensions
42
-
77
-
total
168
-
381
-
Employer
625
-
1 136
-
accident
1
-
1
-
pensions
108
-
197
-
unemployment
4
-
7
-
health
5
-
9
-
total
118
-
214
-
Corporate
607
1 350
-
-
income
121
270
-
-
total
121
270
-
-
Dividends

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

364
810
-
-
municipal
66
146
-
-
national
-
49
-
-
total
66
195
-
-
Income
1 350
1 350
1 350
1 350
Total tax
473
465
595
409
After tax
877
885
755
941
Living cost
456
456
456
456
Free-cash
421
429
299
485

Estimated living cost  is $456 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$646
$711
$658
$674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is $275 per week

$165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$869
$929
$672
$911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
-
income
-
-
-
131
pensions
-
-
-
76
health
-
-
-
43
total
-
-
-
250
Employee

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

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

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

273
-
1 234
-
pensions
15
-
62
-
unemployment
1
-
6
-
health
12
-
48
-
total
28
-
116
-
Corporate
1 049
1 350
-
-
income
94
121
-
-
total
94
121
-
-
Dividends
955
1 229
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
292
232
489
250
After tax
1 058
1 118
861
1 100
Living cost
189
189
189
189
Free-cash
869
929
672
911

Estimated living cost  is $189 per week

$120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$518
$582
$374
$412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
280
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
611
Employee
439
-
1 024
-
unemployment
7
-
16
-
other
-
-
1
-
pensions
21
-
48
-
income
85
-
258
-
total
113
-
323
-
Employer
439
-
1 024
-
other
4
-
8
-
accident
9
-
20
-
pensions
104
-
242
-
unemployment
24
-
56
-
total
141
-
326
-
Corporate
770
1 350
-
-
income

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

116
202
-
-
total
116
202
-
-
Dividends
655
1 148
-
-
withholding
135
239
-
-
total
135
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
505
441
649
611
After tax
845
909
701
739
Living cost
327
327
327
327
Free-cash
518
582
374
412

Estimated living cost  is $327 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$815
$819
$840
$842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
457
pensions
-
-
-
16
health
-
-
-
12
total
-
-
-
485
Employee
34
-
1 331
-
unemployment
-
-
1
-
health
2
-
4
-
pensions
3
-
7
-
income
7
-
456
-
total
12
-
468
-
Employer
34
-
1 331
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
1 308
1 350
-
-
income
288
297
-
-
total
288
297
-
-
Dividends
1 020
1 053
-
-
withholding
204
211
-
-
total
204
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
512
508
487
485
After tax
838
842
863
865
Living cost
23
23
23
23
Free-cash
815
819
840
842

Estimated living cost  is $23 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$712
$771
$528
$529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
13
income
-
-
-
285
pensions
-
-
-
228
health
-
-
-
90
total
-
-
-
616
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.

309
-
1 193
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
43
-
123
-
income
43
-
285
-
total
104
-
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.

309
-
1 193
-
pensions
37
-
105
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
157
-
Corporate
985
1 350
-
-
income
148
202
-
-
total
148
202
-
-
Dividends
837
1 148
-
-
withholding
126
172
-
-
total
126
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
433
374
617
616
After tax
917
976
733
734
Living cost
205
205
205
205
Free-cash
712
771
528
529

Estimated living cost  is $205 per week

$138
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
$443
$447
$348
$427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
461
-
1 091
-
surtax
-
-
-
-
social contributions
51
-
120
-
income
90
-
303
-
total
141
-
423
-
Employer
461
-
1 091
-
social contributions
110
-
259
-
total
110
-
259
-
Corporate
779
1 350
-
-
income
164
284
-
-
surtax
-
-
-
-
total
164
284
-
-
Dividends
616
1 066
-
-
withholding
172
299
-
-
total
172
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
583
682
603
After tax
763
767
668
747
Living cost
320
320
320
320
Free-cash
443
447
348
427

Estimated living cost  is $320 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$400
$491
$283
$321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
280
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
611
Employee
574
-
1 024
-
unemployment
9
-
16
-
other
1
-
1
-
pensions
27
-
48
-
income
120
-
258
-
total
157
-
323
-
Employer
574
-
1 024
-
other
5
-
8
-
accident
11
-
20
-
pensions
135
-
242
-
unemployment
32
-
56
-
total
183
-
326
-
Corporate
593
1 350
-
-
income

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

89
202
-
-
total
89
202
-
-
Dividends
504
1 148
-
-
withholding
103
239
-
-
total
103
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
532
441
649
611
After tax
818
909
701
739
Living cost
418
418
418
418
Free-cash
400
491
283
321

Estimated living cost  is $418 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$876
$949
$876
$832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
202
pensions

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

-
-
-
61
health
-
-
-
48
total
-
-
-
313
Employee
271
-
1 269
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
127
-
total
66
-
187
-
Employer
271
-
1 269
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

30
-
46
-
unemployment
2
-
2
-
health
19
-
29
-
total
54
-
82
-
Corporate
1 026
1 350
-
-
income
103
135
-
-
total
103
135
-
-
Dividends
923
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
196
269
313
After tax
1 081
1 154
1 081
1 037
Living cost
205
205
205
205
Free-cash
876
949
876
832

Estimated living cost  is $205 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$392
$237
$457
$343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
114
income

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

-
-
-
335
health

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

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

-
-
-
81
surtax

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

-
-
-
18
total
-
-
-
548
Employee

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

591
-
1 350
-
surtax

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

3
-
18
-
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
-
income

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

49
-
335
-
total
133
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
759
1 350
-
-
trade
109
194
-
-
income
114
202
-
-
surtax

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

6
11
-
-
chamber of commerce
3
4
-
-
total
232
411
-
-
Dividends
527
939
-
-
withholding
127
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
134
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
654
434
548
After tax
851
696
916
802
Living cost
459
459
459
459
Free-cash
392
237
457
343

Estimated living cost  is $459 per week

$316
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
$294
$268
$206
$206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
123
income
-
-
-
344
total
-
-
-
467
Employee
930
-
1 350
-
social contributions
77
-
123
-
income
175
-
344
-
total
252
-
467
-
Employer
930
-
1 350
-
total
-
-
-
-
Corporate
420
1 350
-
-
income
53
169
-
-
total
53
169
-
-
Dividends
368
1 181
-
-
withholding
74
236
-
-
total
74
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
379
405
467
467
After tax
971
945
883
883
Living cost
677
677
677
677
Free-cash
294
268
206
206

Estimated living cost  is $677 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$424
$384
$562
$509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
72
income
-
-
-
338
total
-
-
-
410
Employee
545
-
1 295
-
social contributions
55
-
55
-
income
59
-
247
-
total
114
-
302
-
Employer
545
-
1 295
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
750
1 350
-
-
income
263
472
-
-
total
263
472
-
-
Dividends
488
878
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 350
1 350
1 350
1 350
Total tax
495
535
357
410
After tax
855
815
993
940
Living cost
431
431
431
431
Free-cash
424
384
562
509

Estimated living cost  is $431 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$513
$525
$388
$514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
311
pensions
-
-
-
91
total
-
-
-
402
Employee
595
-
1 186
-
health
8
-
20
-
pensions
45
-
116
-
income
108
-
227
-
total
161
-
363
-
Employer
595
-
1 186
-
pensions
60
-
142
-
health
11
-
23
-
total
71
-
165
-
Corporate
683
1 350
-
-
income

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

130
257
-
-
total
130
257
-
-
Dividends
553
1 093
-
-
withholding
41
134
-
-
total
41
134
-
-
Income
1 350
1 350
1 350
1 350
Total tax
403
391
528
402
After tax
947
959
822
948
Living cost
434
434
434
434
Free-cash
513
525
388
514

Estimated living cost  is $434 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$65
-$180
$417
$638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other
-
-
-
4
income
-
-
-
340
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
423
Employee
454
-
1 168
-
health
52
-
134
-
pensions
51
-
92
-
income
62
-
236
-
total
165
-
462
-
Employer
454
-
1 168
-
accident
8
-
20
-
pensions
74
-
133
-
unemployment
11
-
29
-
total
93
-
182
-
Corporate
804
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.

723
1 215
-
-
total
723
1 215
-
-
Dividends
80
135
-
-
withholding
15
26
-
-
total
15
26
-
-
Income
1 350
1 350
1 350
1 350
Total tax
996
1 241
644
423
After tax
354
109
706
927
Living cost
289
289
289
289
Free-cash
65
-180
417
638

Estimated living cost  is $289 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$929
$975
$717
$607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
16
income
-
-
-
211
pensions
-
-
-
248
health insurance
-
-
-
100
work injury
-
-
-
7
total
-
-
-
582
Employee

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

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

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

-
14
-
-
total
-
14
-
-
Dividends
1 093
1 336
-
-
withholding
164
200
-
-
total
164
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
260
214
472
582
After tax
1 090
1 136
878
768
Living cost
161
161
161
161
Free-cash
929
975
717
607

Estimated living cost  is $161 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
$184
$238
$133
$195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
regional
-
-
-
28
social contributions
-
-
-
347
municipal
-
-
-
9
national
-
-
-
298
total
-
-
-
682
Employee
1 001
-
1 350
-
national
169
-
257
-
regional
15
-
24
-
municipal
6
-
8
-
social contributions
338
-
455
-
total
528
-
744
-
Employer
1 001
-
1 350
-
total
-
-
-
-
Corporate
349
1 350
-
-
nationa
84
324
-
-
municipal
17
65
-
-
total
101
389
-
-
Dividends
248
961
-
-
withholding
64
250
-
-
total
64
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
693
639
744
682
After tax
657
711
606
668
Living cost
473
473
473
473
Free-cash
184
238
133
195

Estimated living cost  is $473 per week

$333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close