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
$321
$554
$429
$451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
334
surtax

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

-
-
-
18
health

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

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

-
-
-
82
trade
-
-
-
125
total
-
-
-
559
Employee

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

457
-
1 350
-
surtax

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

1
-
18
-
income

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

13
-
334
-
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.

82
-
82
-
total
96
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
893
1 350
-
-
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
-
-
trade
141
213
-
-
total
285
430
-
-
Dividends
608
920
-
-
surtax

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

8
12
-
-
withholding
148
225
-
-
total
156
237
-
-
Income
1 350
1 350
1 350
1 350
Total tax
537
667
434
559
After tax
813
683
916
791
Living cost
362
362
362
362
Free-cash
451
321
554
429

Estimated living cost  is $362 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$206
$186
$175
$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
social contributions
-
-
-
15
municipal
-
-
-
142
national
-
-
-
220
pensions
-
-
-
162
total
-
-
-
539
Employee
985
-
1 167
-
municipal
122
-
147
-
pensions
39
-
47
-
national
189
-
228
-
total
350
-
422
-
Employer
985
-
1 167
-
pensions
79
-
93
-
social contributions
11
-
13
-
total
90
-
106
-
Corporate
210
1 350
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

42
270
-
-
total
42
270
-
-
Dividends
168
1 080
-
-
withholding
37
238
-
-
total
37
238
-
-
Income
1 350
1 350
1 350
1 350
Total tax
519
508
528
539
After tax
831
842
822
811
Living cost
636
636
636
636
Free-cash
195
206
186
175

Estimated living cost  is $636 per week

$432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
$832
$511
$471
$735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

-
-
-
434
microenterprise
-
-
-
-
total
-
-
-
631
Employee
349
-
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
349
-
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
917
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%.

183
270
-
-
total
183
270
-
-
Dividends

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

734
1 080
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
367
270
591
631
After tax
983
1 080
759
719
Living cost
248
248
248
248
Free-cash
735
832
511
471

Estimated living cost  is $248 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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$157
$202
$270
$84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
293
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
580
Employee
1 019
1 019
1 149
-
pensions
183
140
140
-
income

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

167
167
167
-
health
156
133
140
-
total
506
440
447
-
Employer
1 019
1 019
1 149
-
health
71
71
80
-
pensions
71
71
80
-
unemployment
37
37
41
-
total
179
179
201
-
Corporate
165
152
-
-
income
33
30
-
-
total
33
30
-
-
Dividends
132
122
-
-
income
28
26
-
-
withholding
20
18
-
-
total
48
44
-
-
Income
1 350
1 350
1 350
1 350
Total tax
766
693
648
580
After tax
584
657
702
770
Living cost
500
500
500
500
Free-cash
84
157
202
270

Estimated living cost  is $500 per week

$354
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.
$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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$260
$237
$247
$249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
2
other
-
-
-
121
unemployment
-
-
-
1
health
-
-
-
65
municipal
-
-
-
312
national
-
-
-
12
pensions
-
-
-
113
total
-
-
-
626
Employee
679
-
1 027
-
municipal
203
-
306
-
national
-
-
8
-
total
203
-
314
-
Employer
679
-
1 027
-
health
42
-
63
-
pensions
73
-
111
-
accident
1
-
2
-
unemployment
18
-
27
-
other
79
-
119
-
total
213
-
322
-
Corporate
457
1 350
-
-
income
101
297
-
-
total
101
297
-
-
Dividends
356
1 053
-
-
withholding
107
316
-
-
total
107
316
-
-
Income
1 350
1 350
1 350
1 350
Total tax
624
613
636
626
After tax
726
737
714
724
Living cost
477
477
477
477
Free-cash
249
260
237
247

Estimated living cost  is $477 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
$207
$447
$316
$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

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

-
-
-
1 350
income

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

-
-
-
334
surtax

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

-
-
-
18
health

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

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

-
-
-
82
trade
-
-
-
131
total
-
-
-
565
Employee

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

605
-
1 350
-
surtax

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

3
-
18
-
income

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

52
-
334
-
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.

82
-
82
-
total
137
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
745
1 350
-
-
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
-
-
trade
123
222
-
-
total
244
439
-
-
Dividends
501
911
-
-
surtax

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

7
12
-
-
withholding
121
223
-
-
total
128
235
-
-
Income
1 350
1 350
1 350
1 350
Total tax
509
674
434
565
After tax
841
676
916
785
Living cost
469
469
469
469
Free-cash
372
207
447
316

Estimated living cost  is $469 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$601
$547
$562
$550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
174
social contributions
-
-
-
193
health
-
-
-
34
total
-
-
-
401
Employee
918
918
1 226
-
social contributions
45
76
102
-
income
96
85
168
-
health
9
16
21
-
total
150
177
291
-
Employer
918
918
1 226
-
health
10
17
23
-
social contributions
45
76
102
-
total
55
93
125
-
Corporate
758
339
-
-
income
95
42
-
-
total
95
42
-
-
Dividends
663
297
-
-
withholding
113
50
-
-
total
113
50
-
-
Income
1 350
1 350
1 350
1 350
Total tax
413
362
416
401
After tax
937
988
934
949
Living cost
387
387
387
387
Free-cash
550
601
547
562

Estimated living cost  is $387 per week

$265
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$546
$569
$721
$549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
165
unemployment
-
-
-
20
health
-
-
-
95
pensions
-
-
-
135
total
-
-
-
415
Employee

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

The minimum wage is 138,000 HUF per month.

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

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

The minimum wage is 138,000 HUF per month.

309
123
1 130
-
pensions
60
24
220
-
total
60
24
220
-
Corporate
981
1 203
-
-
income
88
108
-
-
total
88
108
-
-
Dividends
893
1 095
-
-
social contributions
173
212
-
-
withholding
170
208
-
-
total
343
420
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
590
567
415
After tax
763
760
783
935
Living cost
214
214
214
214
Free-cash
549
546
569
721

Estimated living cost  is $214 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
$792
$490
$435
$718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
181
health
-
-
-
176
pensions
-
-
-
270
total
-
-
-
627
Employee
339
-
1 009
-
unemployment
5
-
16
-
pensions
7
-
20
-
income
38
-
195
-
total
50
-
231
-
Employer
339
-
1 009
-
health
44
-
131
-
pensions
68
-
202
-
unemployment
3
-
8
-
total
115
-
341
-
Corporate
897
1 350
-
-
income
179
270
-
-
total
179
270
-
-
Dividends
717
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
288
288
288
288
Free-cash
718
792
490
435

Estimated living cost  is $288 per week

$198
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$158
$440
$660
$68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
340
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
423
Employee
419
-
1 168
-
pensions
47
-
92
-
income
58
-
236
-
health
48
-
134
-
total
153
-
462
-
Employer
419
-
1 168
-
pensions
68
-
133
-
accident
7
-
20
-
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
267
267
267
267
Free-cash
68
-158
440
660

Estimated living cost  is $267 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
$1186
$984
$1240
$1169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
120
-
1 350
-
income
24
-
270
-
total
24
-
270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

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

Estimated living cost  is $96 per week

$60
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$674
$465
$410
$593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
175
other
-
-
-
64
health
-
-
-
59
pensions

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

-
-
-
324
total
-
-
-
622
Employee
433
-
1 078
-
unemployment
4
-
11
-
pensions

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

30
-
75
-
income
75
-
194
-
health
6
-
15
-
total
115
-
295
-
Employer
433
-
1 078
-
health
6
-
15
-
pensions

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

74
-
183
-
accident
3
-
9
-
unemployment
4
-
11
-
other
22
-
54
-
total
109
-
272
-
Corporate
807
1 350
-
-
income
170
283
-
-
total
170
283
-
-
Dividends
638
1 067
-
-
withholding
45
75
-
-
total
45
75
-
-
Income
1 350
1 350
1 350
1 350
Total tax
439
358
567
622
After tax
911
992
783
728
Living cost
318
318
318
318
Free-cash
593
674
465
410

Estimated living cost  is $318 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$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.
$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 Bratislava model

Close
London , United Kingdom
$168
$30
$155
$51
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
pensions
-
-
-
92
total
-
-
-
398
Employee
1 128
-
1 186
-
pensions
109
-
116
-
income
203
-
223
-
health
19
-
20
-
total
331
-
359
-
Employer
1 128
-
1 186
-
health
21
-
23
-
pensions
133
-
141
-
total
154
-
164
-
Corporate
67
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.

13
256
-
-
total
13
256
-
-
Dividends
54
1 094
-
-
withholding
4
129
-
-
total
4
129
-
-
Income
1 350
1 350
1 350
1 350
Total tax
502
385
523
398
After tax
848
965
827
952
Living cost
797
797
797
797
Free-cash
51
168
30
155

Estimated living cost  is $797 per week

$598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$998
$923
$880
$943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
314
Employee
207
-
1 268
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
127
-
health
10
-
19
-
total
51
-
188
-
Employer
207
-
1 268
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 102
1 350
-
-
income
110
135
-
-
total
110
135
-
-
Dividends
992
1 215
-
-
withholding
50
61
-
-
total
50
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
251
196
271
314
After tax
1 099
1 154
1 079
1 036
Living cost
156
156
156
156
Free-cash
943
998
923
880

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-$5
$40
$108
$25
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
293
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
580
Employee
1 107
1 019
1 149
-
pensions
140
140
140
-
income

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

167
167
167
-
health
138
133
140
-
total
445
440
447
-
Employer
1 107
1 019
1 149
-
health
77
71
80
-
pensions
77
71
80
-
unemployment
40
37
41
-
total
194
179
201
-
Corporate
50
152
-
-
income
10
30
-
-
total
10
30
-
-
Dividends
40
122
-
-
income
8
26
-
-
withholding
6
18
-
-
total
14
44
-
-
Income
1 350
1 350
1 350
1 350
Total tax
663
693
648
580
After tax
687
657
702
770
Living cost
662
662
662
662
Free-cash
25
-5
40
108

Estimated living cost  is $662 per week

$488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$636
$392
$365
$531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
116
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
692
Employee
430
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
28
-
65
-
income
52
-
121
-
health
58
-
136
-
total
138
-
322
-
Employer
430
-
1 007
-
health
39
-
91
-
social contributions
108
-
252
-
total
147
-
343
-
Corporate
773
1 350
-
-
income
147
257
-
-
total
147
257
-
-
Dividends
626
1 093
-
-
withholding
94
164
-
-
total
94
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
526
421
665
692
After tax
824
929
685
658
Living cost
293
293
293
293
Free-cash
531
636
392
365

Estimated living cost  is $293 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$216
$114
$178
$154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
15
municipal
-
-
-
8
national
-
-
-
298
total
-
-
-
668
Employee
1 061
-
1 350
-
municipal
6
-
7
-
national
184
-
257
-
regional
10
-
13
-
social contributions
358
-
455
-
total
558
-
732
-
Employer
1 061
-
1 350
-
total
-
-
-
-
Corporate
289
1 350
-
-
municipal
11
53
-
-
nationa
69
324
-
-
total
80
377
-
-
Dividends
208
973
-
-
withholding
54
253
-
-
total
54
253
-
-
Income
1 350
1 350
1 350
1 350
Total tax
692
630
732
668
After tax
658
720
618
682
Living cost
504
504
504
504
Free-cash
154
216
114
178

Estimated living cost  is $504 per week

$351
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$586
$387
$408
$549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
274
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
679
Employee
395
-
1 115
-
other
-
-
-
-
unemployment
27
-
78
-
pensions
26
-
74
-
surtax
1
-
32
-
income
66
-
253
-
health
10
-
28
-
total
130
-
465
-
Employer
395
-
1 115
-
health
18
-
51
-
pensions
53
-
149
-
unemployment
13
-
35
-
other
-
-
-
-
total
84
-
235
-
Corporate
872
1 350
-
-
income
227
351
-
-
total
227
351
-
-
Dividends
645
999
-
-
withholding
97
150
-
-
total
97
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
700
679
After tax
812
849
650
671
Living cost
263
263
263
263
Free-cash
549
586
387
408

Estimated living cost  is $263 per week

$161
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
$420
$282
$407
$373
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
pensions
-
-
-
92
total
-
-
-
398
Employee
756
-
1 186
-
pensions
64
-
116
-
income
136
-
223
-
health
11
-
20
-
total
211
-
359
-
Employer
756
-
1 186
-
health
14
-
23
-
pensions
82
-
141
-
total
96
-
164
-
Corporate
498
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.

95
256
-
-
total
95
256
-
-
Dividends
403
1 094
-
-
withholding
30
129
-
-
total
30
129
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
385
523
398
After tax
918
965
827
952
Living cost
545
545
545
545
Free-cash
373
420
282
407

Estimated living cost  is $545 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$325
$113
$180
$78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
other

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

-
-
-
27
regional
-
-
-
50
health
-
-
-
3
city
-
-
-
14
national
-
-
-
10
pensions
-
-
-
124
total
-
-
-
228
Employee
1 103
-
1 208
-
unemployment
-
-
-
-
pensions
93
-
101
-
national
5
-
8
-
regional
36
-
42
-
city
12
-
13
-
health
2
-
3
-
total
148
-
167
-
Employer
1 103
-
1 208
-
health
2
-
3
-
pensions
93
-
101
-
unemployment
-
-
-
-
other

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

22
-
24
-
total
117
-
128
-
Corporate
118
1 350
-
-
regional
25
286
-
-
national
10
115
-
-
total
35
401
-
-
Dividends
83
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
942
942
942
942
Free-cash
78
-325
113
180

Estimated living cost  is $942 per week

$613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
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
$121
$369
$233
$313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
334
surtax

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

-
-
-
18
health

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

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

-
-
-
82
trade
-
-
-
136
total
-
-
-
570
Employee

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

717
-
1 350
-
surtax

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

5
-
18
-
income

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

84
-
334
-
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.

82
-
82
-
total
171
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
633
1 350
-
-
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
-
-
trade
109
232
-
-
total
212
449
-
-
Dividends
421
901
-
-
surtax

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

6
12
-
-
withholding
101
221
-
-
total
107
233
-
-
Income
1 350
1 350
1 350
1 350
Total tax
490
682
434
570
After tax
860
668
916
780
Living cost
547
547
547
547
Free-cash
313
121
369
233

Estimated living cost  is $547 per week

$399
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$273
$419
$365
$341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
511
-
1 086
-
pensions
58
-
57
-
surtax
-
-
-
-
social contributions
15
-
31
-
income
30
-
172
-
total
103
-
260
-
Employer
511
-
1 086
-
health
36
-
79
-
pensions
84
-
100
-
unemployment
21
-
44
-
social contributions
2
-
3
-
other
18
-
37
-
total
161
-
263
-
Corporate
680
1 350
-
-
income
190
378
-
-
surtax
-
-
-
-
total
190
378
-
-
Dividends
489
972
-
-
surtax
-
-
-
-
social contributions
84
167
-
-
withholding
63
124
-
-
total
147
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
601
669
523
577
After tax
749
681
827
773
Living cost
408
408
408
408
Free-cash
341
273
419
365

Estimated living cost  is $408 per week

$258
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.
$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 Nice model

Close
Marseille , France
$313
$459
$405
$379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
456
-
1 086
-
pensions
52
-
57
-
surtax
-
-
-
-
social contributions
13
-
31
-
income
24
-
172
-
total
89
-
260
-
Employer
456
-
1 086
-
health
32
-
79
-
pensions
75
-
100
-
unemployment
18
-
44
-
social contributions
1
-
3
-
other
16
-
37
-
total
142
-
263
-
Corporate
752
1 350
-
-
income
210
378
-
-
surtax
-
-
-
-
total
210
378
-
-
Dividends
541
972
-
-
surtax
-
-
-
-
social contributions
93
167
-
-
withholding
69
124
-
-
total
162
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
603
669
523
577
After tax
747
681
827
773
Living cost
368
368
368
368
Free-cash
379
313
459
405

Estimated living cost  is $368 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$570
$609
$615
$576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
social contributions
-
-
-
186
health
-
-
-
94
total
-
-
-
482
Employee
405
-
1 350
-
social contributions
56
-
186
-
income
68
-
208
-
health
28
-
94
-
total
152
-
488
-
Employer
405
-
1 350
-
total
-
-
-
-
Corporate
945
1 350
-
-
income

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

47
68
-
-
total
47
68
-
-
Dividends
898
1 282
-
-
social contributions
124
177
-
-
withholding
135
192
-
-
health
63
90
-
-
total
322
459
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
527
488
482
After tax
829
823
862
868
Living cost
253
253
253
253
Free-cash
576
570
609
615

Estimated living cost  is $253 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
$333
-$30
$251
$314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
678
Employee
597
476
1 046
-
other
6
5
10
-
unemployment
18
14
31
-
pensions
61
49
107
-
income
68
35
217
-
health
23
18
41
-
total
176
121
406
-
Employer
597
476
1 046
-
chamber of commerce
2
2
4
-
health
23
18
40
-
pensions
75
60
131
-
accident
8
6
14
-
unemployment
18
14
31
-
surtax
2
2
2
-
payroll
18
14
31
-
other
28
23
50
-
total
174
139
303
-
Corporate
579
735
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.

145
184
250
-
total
145
184
250
-
Dividends
435
551
-
-
withholding
120
152
-
-
total
120
152
-
-
Income
1 350
1 350
1 350
1 350
Total tax
615
596
959
678
After tax
735
754
391
672
Living cost
421
421
421
421
Free-cash
314
333
-30
251

Estimated living cost  is $421 per week

$281
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
$322
$81
$181
$141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
communal

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

-
-
-
68
social contributions
-
-
-
217
national
-
-
-
449
total
-
-
-
734
Employee

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

854
-
1 046
-
unemployment

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

7
-
9
-
communal

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

45
-
55
-
pensions

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

64
-
78
-
national
263
-
338
-
health

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

40
-
49
-
total
419
-
529
-
Employer

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

854
-
1 046
-
health

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

53
-
64
-
pensions

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

76
-
93
-
accident

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

11
-
14
-
unemployment

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

12
-
15
-
surtax
97
-
119
-
total
249
-
305
-
Corporate
248
1 350
-
-
income
50
270
-
-
surtax
1
5
-
-
total
51
275
-
-
Dividends
197
1 075
-
-
withholding

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

55
318
-
-
total
55
318
-
-
Income
1 350
1 350
1 350
1 350
Total tax
774
593
834
734
After tax
576
757
516
616
Living cost
435
435
435
435
Free-cash
141
322
81
181

Estimated living cost  is $435 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$478
$271
$308
$383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
279
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
611
Employee
594
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
28
-
48
-
income
125
-
257
-
total
163
-
322
-
Employer
594
-
1 024
-
pensions
140
-
242
-
accident
12
-
20
-
unemployment
33
-
56
-
other
5
-
8
-
total
190
-
326
-
Corporate
566
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
481
1 148
-
-
withholding
98
239
-
-
total
98
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
536
441
648
611
After tax
814
909
702
739
Living cost
431
431
431
431
Free-cash
383
478
271
308

Estimated living cost  is $431 per week

$317
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$173
$157
$102
$83
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
communal
-
-
-
85
accident
-
-
-
11
income
-
-
-
139
surtax
-
-
-
67
health
-
-
-
95
pensions
-
-
-
202
total
-
-
-
599
Employee
904
-
1 206
-
pensions
72
-
96
-
surtax
55
-
74
-
income
87
-
176
-
health
40
-
54
-
total
254
-
400
-
Employer
904
-
1 206
-
health
28
-
37
-
pensions
72
-
96
-
accident
8
-
11
-
total
108
-
144
-
Corporate
338
1 350
-
-
communal
-
91
-
-
income
51
202
-
-
surtax
4
14
-
-
total
55
307
-
-
Dividends
284
1 042
-
-
income
158
65
-
-
withholding
43
156
-
-
total
201
221
-
-
Income
1 350
1 350
1 350
1 350
Total tax
618
528
544
599
After tax
732
822
806
751
Living cost
649
649
649
649
Free-cash
83
173
157
102

Estimated living cost  is $649 per week

$487
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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$581
$382
$403
$544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
274
other
-
-
-
-
surtax
-
-
-
36
unemployment
-
-
-
3
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
679
Employee
402
-
1 115
-
other
-
-
-
-
unemployment
28
-
78
-
pensions
27
-
74
-
surtax
1
-
32
-
income
67
-
253
-
health
10
-
28
-
total
133
-
465
-
Employer
402
-
1 115
-
health
18
-
51
-
pensions
54
-
149
-
unemployment
13
-
35
-
other
-
-
-
-
total
85
-
235
-
Corporate
863
1 350
-
-
income
224
351
-
-
total
224
351
-
-
Dividends
639
999
-
-
withholding
96
150
-
-
total
96
150
-
-
Income
1 350
1 350
1 350
1 350
Total tax
538
501
700
679
After tax
812
849
650
671
Living cost
268
268
268
268
Free-cash
544
581
382
403

Estimated living cost  is $268 per week

$162
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.
$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 of data for Athens model

Close
Naples , Italy
$388
$291
$355
$361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
20
municipal
-
-
-
8
national
-
-
-
298
total
-
-
-
673
Employee
662
-
1 350
-
municipal
4
-
7
-
national
105
-
257
-
regional
9
-
18
-
social contributions
223
-
455
-
total
341
-
737
-
Employer
662
-
1 350
-
total
-
-
-
-
Corporate
688
1 350
-
-
municipal
34
67
-
-
nationa
165
324
-
-
total
199
391
-
-
Dividends
489
959
-
-
withholding
127
249
-
-
total
127
249
-
-
Income
1 350
1 350
1 350
1 350
Total tax
667
640
737
673
After tax
683
710
613
677
Living cost
322
322
322
322
Free-cash
361
388
291
355

Estimated living cost  is $322 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$568
$324
$297
$439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
116
social contributions
-
-
-
394
solidarity contribution
-
-
-
-
health
-
-
-
182
total
-
-
-
692
Employee
530
-
1 007
-
solidarity contribution
-
-
-
-
social contributions
34
-
65
-
income
64
-
121
-
health
72
-
136
-
total
170
-
322
-
Employer
530
-
1 007
-
health
48
-
91
-
social contributions
133
-
252
-
total
181
-
343
-
Corporate
639
1 350
-
-
income
121
257
-
-
total
121
257
-
-
Dividends
518
1 093
-
-
withholding
78
164
-
-
total
78
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
550
421
665
692
After tax
800
929
685
658
Living cost
361
361
361
361
Free-cash
439
568
324
297

Estimated living cost  is $361 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$375
$9
$293
$368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
245
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
5
health
-
-
-
103
pensions
-
-
-
250
total
-
-
-
676
Employee
522
476
1 048
-
other
5
5
10
-
unemployment
16
14
31
-
pensions
53
49
107
-
income
46
35
218
-
health
20
18
41
-
total
140
121
407
-
Employer
522
476
1 048
-
chamber of commerce
2
2
4
-
health
20
18
40
-
pensions
65
60
132
-
accident
7
6
14
-
unemployment
16
14
31
-
surtax
-
-
-
-
payroll
16
14
31
-
other
25
23
50
-
total
151
137
302
-
Corporate
678
737
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
184
251
-
total
170
184
251
-
Dividends
509
553
-
-
withholding
140
152
-
-
total
140
152
-
-
Income
1 350
1 350
1 350
1 350
Total tax
601
594
960
676
After tax
749
756
390
674
Living cost
381
381
381
381
Free-cash
368
375
9
293

Estimated living cost  is $381 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1132
$930
$1186
$1105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
187
-
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%.

1 163
1 350
-
-
total
-
-
-
-
Dividends
1 163
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 350
1 350
1 350
1 350
Total tax
95
68
270
14
After tax
1 255
1 282
1 080
1 336
Living cost
150
150
150
150
Free-cash
1 105
1 132
930
1 186

Estimated living cost  is $150 per week

$101
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
$610
$333
$371
$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

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

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

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

-
-
-
1 350
income
-
-
-
277
unemployment
-
-
-
2
health
-
-
-
133
pensions
-
-
-
247
total
-
-
-
659
Employee

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

528
-
1 168
-
unemployment
1
-
2
-
pensions
82
-
181
-
income
91
-
257
-
health
34
-
75
-
total
208
-
515
-
Employer

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

528
-
1 168
-
health
35
-
78
-
pensions
47
-
103
-
unemployment
-
-
1
-
total
82
-
182
-
Corporate
740
1 350
-
-
income
141
256
-
-
total
141
256
-
-
Dividends
599
1 094
-
-
withholding
90
164
-
-
total
90
164
-
-
Income
1 350
1 350
1 350
1 350
Total tax
521
420
697
659
After tax
829
930
653
691
Living cost
320
320
320
320
Free-cash
509
610
333
371

Estimated living cost  is $320 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$311
$684
$423
-$412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is $510 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$394
$295
$374
$383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 350
income
-
-
-
133
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
602
Employee
549
-
1 091
-
surtax
-
-
-
-
social contributions
60
-
120
-
income
114
-
302
-
total
174
-
422
-
Employer
549
-
1 091
-
social contributions
130
-
259
-
total
130
-
259
-
Corporate
671
1 350
-
-
income
141
283
-
-
surtax
-
-
-
-
total
141
283
-
-
Dividends
530
1 067
-
-
withholding
148
299
-
-
total
148
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
593
582
681
602
After tax
757
768
669
748
Living cost
374
374
374
374
Free-cash
383
394
295
374

Estimated living cost  is $374 per week

$280
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
$104
$250
$196
$186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
151
other
-
-
-
42
surtax
-
-
-
-
social contributions
-
-
-
38
health
-
-
-
34
pensions
-
-
-
312
total
-
-
-
577
Employee
748
-
1 086
-
pensions
85
-
57
-
surtax
-
-
-
-
social contributions
21
-
31
-
income
65
-
172
-
total
171
-
260
-
Employer
748
-
1 086
-
health
52
-
79
-
pensions
123
-
100
-
unemployment
30
-
44
-
social contributions
2
-
3
-
other
26
-
37
-
total
233
-
263
-
Corporate
369
1 350
-
-
income
103
378
-
-
surtax
-
-
-
-
total
103
378
-
-
Dividends
266
972
-
-
surtax
-
-
-
-
social contributions
46
167
-
-
withholding
34
124
-
-
total
80
291
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
669
523
577
After tax
763
681
827
773
Living cost
577
577
577
577
Free-cash
186
104
250
196

Estimated living cost  is $577 per week

$390
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
$856
$697
$661
$816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
33
social contributions
-
-
-
297
total
-
-
-
330
Employee
384
-
1 169
-
income
-
-
37
-
social contributions
25
-
76
-
total
25
-
113
-
Employer
384
-
1 169
-
social contributions
59
-
181
-
total
59
-
181
-
Corporate
907
1 350
-
-
income
91
135
-
-
total
91
135
-
-
Dividends
816
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
359
359
359
359
Free-cash
816
856
697
661

Estimated living cost  is $359 per week

$232
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
-$1250
-$1250
$253
-$1250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
labour market
-
-
-
107
municipal
-
-
-
259
national
-
-
-
146
pensions
-
-
-
10
total
-
-
-
522
Employee
2 426
2 426
2 426
-
municipal
517
517
517
-
labour market
194
194
194
-
pensions
3
3
3
-
national
296
296
296
-
total
1 010
1 010
1 010
-
Employer
2 426
2 426
2 426
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 015
1 015
1 015
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 350
1 350
1 350
1 350
Total tax
2 025
2 025
2 025
522
After tax
-675
-675
-675
828
Living cost
575
575
575
575
Free-cash
-1 250
-1 250
-1 250
253

Estimated living cost  is $575 per week

$393
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.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$154
$443
$664
$68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
340
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
423
Employee
413
-
1 168
-
pensions
47
-
92
-
income
57
-
236
-
health
47
-
134
-
total
151
-
462
-
Employer
413
-
1 168
-
pensions
67
-
133
-
accident
7
-
20
-
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
$427
$298
$483
$418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 350
health
-
-
-
16
municipal
-
-
-
240
national
-
-
-
153
total
-
-
-
409
Employee
628
-
1 136
-
municipal
103
-
185
-
unemployment
9
-
17
-
pensions
42
-
77
-
national
10
-
88
-
health
5
-
13
-
total
169
-
380
-
Employer
628
-
1 136
-
health
5
-
9
-
pensions
109
-
197
-
accident
1
-
1
-
unemployment
4
-
7
-
total
119
-
214
-
Corporate
603
1 350
-
-
income
121
270
-
-
total
121
270
-
-
Dividends

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

362
810
-
-
municipal
65
146
-
-
national
-
49
-
-
total
65
195
-
-
Income
1 350
1 350
1 350
1 350
Total tax
474
465
594
409
After tax
876
885
756
941
Living cost
458
458
458
458
Free-cash
418
427
298
483

Estimated living cost  is $458 per week

$299
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.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$712
$658
$673
$646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
174
social contributions
-
-
-
193
health
-
-
-
34
total
-
-
-
401
Employee
918
918
1 226
-
social contributions
35
76
102
-
income
100
85
168
-
health
7
16
21
-
total
142
177
291
-
Employer
918
918
1 226
-
health
8
17
23
-
social contributions
35
76
102
-
total
43
93
125
-
Corporate
889
339
-
-
income
111
42
-
-
total
111
42
-
-
Dividends
778
297
-
-
withholding
132
50
-
-
total
132
50
-
-
Income
1 350
1 350
1 350
1 350
Total tax
428
362
416
401
After tax
922
988
934
949
Living cost
276
276
276
276
Free-cash
646
712
658
673

Estimated living cost  is $276 per week

$166
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$927
$669
$910
$868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 350
income
-
-
-
131
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
250
Employee

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

274
-
1 233
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
102
-
health
23
-
96
-
total
84
-
374
-
Employer

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

274
-
1 233
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 048
1 350
-
-
income
94
122
-
-
total
94
122
-
-
Dividends
954
1 228
-
-
withholding
86
111
-
-
total
86
111
-
-
Income
1 350
1 350
1 350
1 350
Total tax
292
233
491
250
After tax
1 058
1 117
859
1 100
Living cost
190
190
190
190
Free-cash
868
927
669
910

Estimated living cost  is $190 per week

$121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$581
$374
$411
$519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
279
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
611
Employee
441
-
1 024
-
other
-
-
1
-
unemployment
7
-
16
-
pensions
21
-
48
-
income
85
-
257
-
total
113
-
322
-
Employer
441
-
1 024
-
pensions
104
-
242
-
accident
9
-
20
-
unemployment
24
-
56
-
other
4
-
8
-
total
141
-
326
-
Corporate
768
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.

115
202
-
-
total
115
202
-
-
Dividends
653
1 148
-
-
withholding
134
239
-
-
total
134
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
503
441
648
611
After tax
847
909
702
739
Living cost
328
328
328
328
Free-cash
519
581
374
411

Estimated living cost  is $328 per week

$222
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.
$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
$818
$838
$839
$815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
456
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
487
Employee
37
-
1 330
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
455
-
health
2
-
4
-
total
12
-
468
-
Employer
37
-
1 330
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
1 305
1 350
-
-
income
287
297
-
-
total
287
297
-
-
Dividends
1 018
1 053
-
-
withholding
204
211
-
-
total
204
211
-
-
Income
1 350
1 350
1 350
1 350
Total tax
511
508
488
487
After tax
839
842
862
863
Living cost
24
24
24
24
Free-cash
815
818
838
839

Estimated living cost  is $24 per week

$14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$770
$527
$527
$712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 350
income
-
-
-
284
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
617
Employee

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

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

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

311
-
1 192
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
284
-
health
16
-
45
-
total
104
-
459
-
Employer

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

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

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

311
-
1 192
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
984
1 350
-
-
income
148
202
-
-
total
148
202
-
-
Dividends
836
1 148
-
-
withholding
125
172
-
-
total
125
172
-
-
Income
1 350
1 350
1 350
1 350
Total tax
432
374
617
617
After tax
918
976
733
733
Living cost
206
206
206
206
Free-cash
712
770
527
527

Estimated living cost  is $206 per week

$139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$446
$347
$426
$441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 350
income
-
-
-
133
surtax
-
-
-
-
social contributions

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

-
-
-
469
total
-
-
-
602
Employee
463
-
1 091
-
surtax
-
-
-
-
social contributions
51
-
120
-
income
91
-
302
-
total
142
-
422
-
Employer
463
-
1 091
-
social contributions
110
-
259
-
total
110
-
259
-
Corporate
777
1 350
-
-
income
163
283
-
-
surtax
-
-
-
-
total
163
283
-
-
Dividends
614
1 067
-
-
withholding
172
299
-
-
total
172
299
-
-
Income
1 350
1 350
1 350
1 350
Total tax
587
582
681
602
After tax
763
768
669
748
Living cost
322
322
322
322
Free-cash
441
446
347
426

Estimated living cost  is $322 per week

$228
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
$489
$282
$319
$398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
10
income
-
-
-
279
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
611
Employee
577
-
1 024
-
other
1
-
1
-
unemployment
9
-
16
-
pensions
27
-
48
-
income
120
-
257
-
total
157
-
322
-
Employer
577
-
1 024
-
pensions
136
-
242
-
accident
11
-
20
-
unemployment
32
-
56
-
other
5
-
8
-
total
184
-
326
-
Corporate
590
1 350
-
-
income

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

88
202
-
-
total
88
202
-
-
Dividends
501
1 148
-
-
withholding
103
239
-
-
total
103
239
-
-
Income
1 350
1 350
1 350
1 350
Total tax
532
441
648
611
After tax
818
909
702
739
Living cost
420
420
420
420
Free-cash
398
489
282
319

Estimated living cost  is $420 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$949
$874
$831
$876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
202
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
314
Employee
272
-
1 268
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
127
-
health
13
-
19
-
total
67
-
188
-
Employer
272
-
1 268
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 025
1 350
-
-
income
102
135
-
-
total
102
135
-
-
Dividends
922
1 215
-
-
withholding
46
61
-
-
total
46
61
-
-
Income
1 350
1 350
1 350
1 350
Total tax
269
196
271
314
After tax
1 081
1 154
1 079
1 036
Living cost
205
205
205
205
Free-cash
876
949
874
831

Estimated living cost  is $205 per week

$136
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
$235
$455
$341
$390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 350
income

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

-
-
-
334
surtax

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

-
-
-
18
health

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

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

-
-
-
82
trade
-
-
-
114
total
-
-
-
548
Employee

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

594
-
1 350
-
surtax

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

3
-
18
-
income

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

49
-
334
-
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.

82
-
82
-
total
134
-
434
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
756
1 350
-
-
income
113
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
-
-
trade
109
194
-
-
total
231
411
-
-
Dividends
525
939
-
-
surtax

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

7
13
-
-
withholding
127
230
-
-
total
134
243
-
-
Income
1 350
1 350
1 350
1 350
Total tax
499
654
434
548
After tax
851
696
916
802
Living cost
461
461
461
461
Free-cash
390
235
455
341

Estimated living cost  is $461 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$265
$204
$204
$291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
income
-
-
-
343
social contributions
-
-
-
123
total
-
-
-
466
Employee
934
-
1 350
-
income
176
-
343
-
social contributions
78
-
123
-
total
254
-
466
-
Employer
934
-
1 350
-
total
-
-
-
-
Corporate
416
1 350
-
-
income
52
169
-
-
total
52
169
-
-
Dividends
364
1 181
-
-
withholding
73
236
-
-
total
73
236
-
-
Income
1 350
1 350
1 350
1 350
Total tax
379
405
466
466
After tax
971
945
884
884
Living cost
680
680
680
680
Free-cash
291
265
204
204

Estimated living cost  is $680 per week

$517
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.
$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

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
$381
$561
$505
$423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 350
income
-
-
-
340
health

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

-
-
-
72
total
-
-
-
412
Employee
548
-
1 295
-
income
59
-
246
-
social contributions
55
-
55
-
total
114
-
301
-
Employer
548
-
1 295
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
748
1 350
-
-
income
262
473
-
-
total
262
473
-
-
Dividends
486
877
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 350
1 350
1 350
1 350
Total tax
494
536
356
412
After tax
856
814
994
938
Living cost
433
433
433
433
Free-cash
423
381
561
505

Estimated living cost  is $433 per week

$285
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
$522
$384
$509
$501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
306
pensions
-
-
-
92
total
-
-
-
398
Employee
608
-
1 186
-
pensions
46
-
116
-
income
111
-
223
-
health
8
-
20
-
total
165
-
359
-
Employer
608
-
1 186
-
health
12
-
23
-
pensions
61
-
141
-
total
73
-
164
-
Corporate
669
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.

127
256
-
-
total
127
256
-
-
Dividends
542
1 094
-
-
withholding
41
129
-
-
total
41
129
-
-
Income
1 350
1 350
1 350
1 350
Total tax
406
385
523
398
After tax
944
965
827
952
Living cost
443
443
443
443
Free-cash
501
522
384
509

Estimated living cost  is $443 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
-$180
$417
$638
$65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
accident
-
-
-
3
income
-
-
-
340
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
423
Employee
454
-
1 168
-
pensions
51
-
92
-
income
62
-
236
-
health
52
-
134
-
total
165
-
462
-
Employer
454
-
1 168
-
pensions
74
-
133
-
accident
8
-
20
-
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
$976
$715
$607
$929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 350
income
-
-
-
211
unemployment
-
-
-
16
work injury
-
-
-
7
health insurance
-
-
-
100
pensions
-
-
-
248
total
-
-
-
582
Employee

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

258
-
1 350
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
176
-
income
26
-
211
-
total
96
-
474
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 092
1 350
-
-
income

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

-
13
-
-
total
-
13
-
-
Dividends
1 092
1 337
-
-
withholding
164
200
-
-
total
164
200
-
-
Income
1 350
1 350
1 350
1 350
Total tax
260
213
474
582
After tax
1 090
1 137
876
768
Living cost
161
161
161
161
Free-cash
929
976
715
607

Estimated living cost  is $161 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Skopje model

Close
Rome , Italy
$235
$130
$192
$180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 350
social contributions
-
-
-
347
regional
-
-
-
28
municipal
-
-
-
9
national
-
-
-
298
total
-
-
-
682
Employee
1 006
-
1 350
-
municipal
6
-
8
-
national
170
-
257
-
regional
15
-
24
-
social contributions
339
-
455
-
total
530
-
744
-
Employer
1 006
-
1 350
-
total
-
-
-
-
Corporate
344
1 350
-
-
municipal
17
65
-
-
nationa
83
324
-
-
total
100
389
-
-
Dividends
245
961
-
-
withholding
64
250
-
-
total
64
250
-
-
Income
1 350
1 350
1 350
1 350
Total tax
694
639
744
682
After tax
656
711
606
668
Living cost
476
476
476
476
Free-cash
180
235
130
192

Estimated living cost  is $476 per week

$334
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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