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
$ 1400
per

Your estimated
City
free-cash

Dresden , Germany
$381
$499
$460
$602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
142
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.

-
-
-
377
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.

-
-
-
74
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.

-
-
-
21
total
-
-
-
614
Employee

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

412
-
1 400
-
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.

74
-
74
-
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
-
21
-
income

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

12
-
377
-
total
87
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
988
1 400
-
-
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
-
-
income
148
210
-
-
trade
156
220
-
-
chamber of commerce
3
4
-
-
total
315
446
-
-
Dividends
673
954
-
-
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.

9
13
-
-
withholding
164
234
-
-
total
173
247
-
-
Income
1 400
1 400
1 400
1 400
Total tax
575
693
472
614
After tax
825
707
928
786
Living cost
326
326
326
326
Free-cash
499
381
602
460

Estimated living cost  is $326 per week

$205
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.
$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

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
$331
$322
$292
$303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
150
pensions
-
-
-
168
national
-
-
-
232
social contributions
-
-
-
15
total
-
-
-
565
Employee
842
-
1 210
-
municipal
104
-
155
-
pensions
34
-
48
-
national
161
-
241
-
total
299
-
444
-
Employer
842
-
1 210
-
social contributions
9
-
13
-
pensions
67
-
97
-
total
76
-
110
-
Corporate
426
1 400
-
-
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%.

85
280
-
-
total
85
280
-
-
Dividends
341
1 120
-
-
withholding
75
246
-
-
total
75
246
-
-
Income
1 400
1 400
1 400
1 400
Total tax
535
526
554
565
After tax
865
874
846
835
Living cost
543
543
543
543
Free-cash
322
331
303
292

Estimated living cost  is $543 per week

$369
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.
$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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$896
$807
$191
$561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
microenterprise
-
-
-
-
income
-
-
-
215
surtax
-
-
-
357
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.

-
-
-
413
total
-
-
-
985
Employee
315
-
1 128
-
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.

35
-
124
-
surtax
-
-
-
-
income
56
-
219
-
total
91
-
343
-
Employer
315
-
1 128
-
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.

76
-
272
-
surtax
-
-
-
-
total
76
-
272
-
Corporate
1 009
1 400
-
-
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%.

202
280
-
-
total
202
280
-
-
Dividends

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

807
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
369
280
615
985
After tax
1 031
1 120
785
415
Living cost
224
224
224
224
Free-cash
807
896
561
191

Estimated living cost  is $224 per week

$143
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$235
$168
$357
$339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
333
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
592
Employee
920
920
1 200
-
health
141
120
133
-
income

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

151
151
151
-
pensions
166
126
126
-
total
458
397
410
-
Employer
920
920
1 200
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
79
-
total
161
161
200
-
Corporate
330
318
-
-
income
66
64
-
-
total
66
64
-
-
Dividends
264
255
-
-
income
56
54
-
-
withholding
40
38
-
-
total
96
92
-
-
Income
1 400
1 400
1 400
1 400
Total tax
781
714
610
592
After tax
619
686
790
808
Living cost
451
451
451
451
Free-cash
168
235
339
357

Estimated living cost  is $451 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$349
$340
$327
$316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
339
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
55
total
-
-
-
658
Employee
592
-
1 114
-
municipal
176
-
332
-
national
-
-
51
-
total
176
-
383
-
Employer
592
-
1 114
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
98
-
health
36
-
56
-
total
186
-
286
-
Corporate
622
1 400
-
-
income
137
308
-
-
total
137
308
-
-
Dividends
485
1 092
-
-
withholding
146
328
-
-
total
146
328
-
-
Income
1 400
1 400
1 400
1 400
Total tax
645
636
669
658
After tax
755
764
731
742
Living cost
415
415
415
415
Free-cash
340
349
316
327

Estimated living cost  is $415 per week

$275
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 Source

Source of data for Stockholm model

Close
Hamburg , Germany
$276
$427
$357
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 400
trade
-
-
-
148
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.

-
-
-
377
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.

-
-
-
74
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.

-
-
-
21
total
-
-
-
620
Employee

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

547
-
1 400
-
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.

74
-
74
-
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
-
21
-
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.

47
-
377
-
total
124
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
853
1 400
-
-
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
-
-
income
128
210
-
-
trade
140
230
-
-
chamber of commerce
3
4
-
-
total
278
456
-
-
Dividends
575
945
-
-
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
13
-
-
withholding
140
232
-
-
total
148
245
-
-
Income
1 400
1 400
1 400
1 400
Total tax
550
701
472
620
After tax
850
699
928
780
Living cost
423
423
423
423
Free-cash
427
276
505
357

Estimated living cost  is $423 per week

$283
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$673
$629
$630
$614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
health
-
-
-
36
social contributions
-
-
-
174
total
-
-
-
420
Employee
829
829
1 283
-
social contributions
40
69
93
-
health
8
14
22
-
income
87
77
204
-
total
135
160
319
-
Employer
829
829
1 283
-
social contributions
40
69
93
-
health
9
15
24
-
total
49
84
117
-
Corporate
866
487
-
-
income
108
61
-
-
total
108
61
-
-
Dividends
757
426
-
-
withholding
129
72
-
-
total
129
72
-
-
Income
1 400
1 400
1 400
1 400
Total tax
421
377
436
420
After tax
979
1 023
964
980
Living cost
350
350
350
350
Free-cash
629
673
614
630

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$591
$595
$774
$616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
171
pensions
-
-
-
140
unemployment
-
-
-
21
health
-
-
-
98
total
-
-
-
430
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.

283
113
1 172
-
health
20
8
82
-
income
35
14
143
-
pensions
28
11
117
-
unemployment
4
2
18
-
total
87
35
360
-
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.

283
113
1 172
-
pensions
55
22
228
-
total
55
22
228
-
Corporate
1 061
1 265
-
-
income
96
114
-
-
total
96
114
-
-
Dividends
966
1 151
-
-
social contributions
187
223
-
-
withholding
184
219
-
-
total
371
442
-
-
Income
1 400
1 400
1 400
1 400
Total tax
609
613
588
430
After tax
791
787
812
970
Living cost
196
196
196
196
Free-cash
595
591
616
774

Estimated living cost  is $196 per week

$134
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$860
$794
$490
$547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
188
pensions
-
-
-
280
health
-
-
-
182
total
-
-
-
650
Employee
306
-
1 046
-
income
34
-
202
-
pensions
6
-
21
-
unemployment
5
-
17
-
total
45
-
240
-
Employer
306
-
1 046
-
unemployment
2
-
8
-
pensions
61
-
209
-
health
40
-
136
-
total
103
-
353
-
Corporate
991
1 400
-
-
income
198
280
-
-
total
198
280
-
-
Dividends
793
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
346
280
593
650
After tax
1 054
1 120
807
750
Living cost
260
260
260
260
Free-cash
794
860
547
490

Estimated living cost  is $260 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$122
$77
$724
$508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
3
income
-
-
-
367
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
441
Employee
369
-
1 232
-
health
42
-
141
-
income
51
-
266
-
pensions
42
-
81
-
total
135
-
488
-
Employer
369
-
1 232
-
accident
6
-
21
-
unemployment
9
-
30
-
pensions
60
-
118
-
total
75
-
169
-
Corporate
955
1 400
-
-
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.

860
1 260
-
-
total
860
1 260
-
-
Dividends
96
140
-
-
withholding
18
27
-
-
total
18
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 088
1 287
657
441
After tax
312
113
743
959
Living cost
235
235
235
235
Free-cash
77
-122
508
724

Estimated living cost  is $235 per week

$172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$1232
$1213
$1288
$1022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 400
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
123
-
1 400
-
income
25
-
280
-
total
25
-
280
-
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%.

1 277
1 400
-
-
total
-
-
-
-
Dividends
1 277
1 400
-
-
withholding
64
70
-
-
total
64
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
89
70
280
14
After tax
1 311
1 330
1 120
1 386
Living cost
98
98
98
98
Free-cash
1 213
1 232
1 022
1 288

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$742
$670
$460
$518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
188
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.

-
-
-
336
other
-
-
-
67
health
-
-
-
62
total
-
-
-
653
Employee
391
-
1 118
-
health
5
-
16
-
income
67
-
208
-
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.

27
-
78
-
unemployment
4
-
11
-
total
103
-
313
-
Employer
391
-
1 118
-
accident
3
-
9
-
other
20
-
56
-
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.

67
-
190
-
health
5
-
16
-
total
99
-
282
-
Corporate
910
1 400
-
-
income
191
294
-
-
total
191
294
-
-
Dividends
719
1 106
-
-
withholding
50
77
-
-
total
50
77
-
-
Income
1 400
1 400
1 400
1 400
Total tax
443
371
595
653
After tax
957
1 029
805
747
Living cost
287
287
287
287
Free-cash
670
742
518
460

Estimated living cost  is $287 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$245
$171
$240
$111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
345
pensions
-
-
-
88
total
-
-
-
433
Employee
1 029
-
1 228
-
health
17
-
20
-
income
186
-
259
-
pensions
99
-
111
-
total
302
-
390
-
Employer
1 029
-
1 228
-
pensions
122
-
149
-
health
20
-
23
-
total
142
-
172
-
Corporate
230
1 400
-
-
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.

44
266
-
-
total
44
266
-
-
Dividends
186
1 134
-
-
withholding
14
162
-
-
total
14
162
-
-
Income
1 400
1 400
1 400
1 400
Total tax
502
428
562
433
After tax
898
972
838
967
Living cost
727
727
727
727
Free-cash
171
245
111
240

Estimated living cost  is $727 per week

$545
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1056
$1005
$948
$998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
311
Employee
187
-
1 326
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
133
-
pensions

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

16
-
33
-
total
46
-
187
-
Employer
187
-
1 326
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 176
1 400
-
-
income
118
140
-
-
total
118
140
-
-
Dividends
1 058
1 260
-
-
withholding
53
63
-
-
total
53
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
254
203
261
311
After tax
1 146
1 197
1 139
1 089
Living cost
141
141
141
141
Free-cash
1 005
1 056
998
948

Estimated living cost  is $141 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$88
$115
$210
$192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
333
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
592
Employee
999
920
1 200
-
health
125
120
133
-
income

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

151
151
151
-
pensions
126
126
126
-
total
402
397
410
-
Employer
999
920
1 200
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
69
64
79
-
total
175
161
200
-
Corporate
226
318
-
-
income
45
64
-
-
total
45
64
-
-
Dividends
181
255
-
-
income
38
54
-
-
withholding
27
38
-
-
total
65
92
-
-
Income
1 400
1 400
1 400
1 400
Total tax
687
714
610
592
After tax
713
686
790
808
Living cost
598
598
598
598
Free-cash
115
88
192
210

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$706
$614
$455
$453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
126
health
-
-
-
189
solidarity contribution
-
-
-
-
social contributions
-
-
-
372
total
-
-
-
687
Employee
380
-
1 045
-
social contributions
25
-
68
-
health
51
-
141
-
solidarity contribution
-
-
-
-
income
46
-
125
-
total
122
-
334
-
Employer
380
-
1 045
-
social contributions
95
-
261
-
health
34
-
94
-
total
129
-
355
-
Corporate
891
1 400
-
-
income
169
266
-
-
total
169
266
-
-
Dividends
722
1 134
-
-
withholding
108
170
-
-
total
108
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
528
436
689
687
After tax
872
964
711
713
Living cost
258
258
258
258
Free-cash
614
706
453
455

Estimated living cost  is $258 per week

$179
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.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$292
$236
$241
$175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
8
regional
-
-
-
16
national
-
-
-
320
social contributions
-
-
-
360
total
-
-
-
704
Employee
958
-
1 400
-
social contributions
323
-
472
-
regional
9
-
14
-
municipal
5
-
7
-
national
166
-
277
-
total
503
-
770
-
Employer
958
-
1 400
-
total
-
-
-
-
Corporate
442
1 400
-
-
nationa
106
336
-
-
municipal
17
55
-
-
total
123
391
-
-
Dividends
319
1 009
-
-
withholding
83
262
-
-
total
83
262
-
-
Income
1 400
1 400
1 400
1 400
Total tax
709
653
770
704
After tax
691
747
630
696
Living cost
455
455
455
455
Free-cash
236
292
175
241

Estimated living cost  is $455 per week

$317
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$643
$608
$432
$409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
307
pensions
-
-
-
280
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
99
surtax
-
-
-
42
total
-
-
-
730
Employee
356
-
1 157
-
other
-
-
-
-
health
9
-
29
-
surtax
1
-
38
-
income
60
-
285
-
pensions
24
-
77
-
unemployment
25
-
80
-
total
119
-
509
-
Employer
356
-
1 157
-
other
-
-
-
-
unemployment
11
-
37
-
pensions
48
-
154
-
health
16
-
53
-
total
75
-
244
-
Corporate
969
1 400
-
-
income
252
364
-
-
total
252
364
-
-
Dividends
717
1 036
-
-
withholding
108
155
-
-
total
108
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
554
519
753
730
After tax
846
881
647
670
Living cost
238
238
238
238
Free-cash
608
643
409
432

Estimated living cost  is $238 per week

$145
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$475
$466
$470
$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
-
-
-
1 400
income
-
-
-
345
pensions
-
-
-
88
total
-
-
-
433
Employee
690
-
1 228
-
health
10
-
20
-
income
124
-
259
-
pensions
59
-
111
-
total
193
-
390
-
Employer
690
-
1 228
-
pensions
75
-
149
-
health
13
-
23
-
total
88
-
172
-
Corporate
623
1 400
-
-
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.

118
266
-
-
total
118
266
-
-
Dividends
504
1 134
-
-
withholding
38
162
-
-
total
38
162
-
-
Income
1 400
1 400
1 400
1 400
Total tax
437
428
562
433
After tax
963
972
838
967
Living cost
497
497
497
497
Free-cash
466
475
341
470

Estimated living cost  is $497 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$181
$171
$331
$265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
city
-
-
-
15
pensions
-
-
-
129
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.

-
-
-
28
regional
-
-
-
58
health
-
-
-
3
national
-
-
-
15
total
-
-
-
248
Employee
961
-
1 253
-
city
10
-
13
-
regional
31
-
49
-
health
2
-
3
-
pensions
81
-
105
-
unemployment
-
-
-
-
national
5
-
11
-
total
129
-
181
-
Employer
961
-
1 253
-
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.

19
-
25
-
unemployment
-
-
-
-
pensions
81
-
105
-
health
2
-
3
-
total
102
-
133
-
Corporate
326
1 400
-
-
regional
69
296
-
-
national
28
119
-
-
total
97
415
-
-
Dividends
229
985
-
-
withholding
80
345
-
-
total
80
345
-
-
Income
1 400
1 400
1 400
1 400
Total tax
408
760
314
248
After tax
992
640
1 086
1 152
Living cost
821
821
821
821
Free-cash
171
-181
265
331

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
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.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$197
$373
$280
$434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
154
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.

-
-
-
377
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.

-
-
-
74
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.

-
-
-
21
total
-
-
-
626
Employee

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

648
-
1 400
-
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.

74
-
74
-
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.

4
-
21
-
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.

76
-
377
-
total
154
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
752
1 400
-
-
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
-
-
income
113
210
-
-
trade
129
240
-
-
chamber of commerce
3
4
-
-
total
251
466
-
-
Dividends
502
935
-
-
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
121
230
-
-
total
128
243
-
-
Income
1 400
1 400
1 400
1 400
Total tax
533
709
472
626
After tax
867
691
928
774
Living cost
494
494
494
494
Free-cash
373
197
434
280

Estimated living cost  is $494 per week

$361
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.
$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.
$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 Munich model

Close
Nice , France
$337
$401
$428
$457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
179
pensions
-
-
-
297
other
-
-
-
43
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
603
Employee
461
-
1 113
-
social contributions
13
-
32
-
surtax
-
-
-
-
income
27
-
190
-
pensions
52
-
65
-
total
92
-
287
-
Employer
461
-
1 113
-
other
16
-
38
-
social contributions
1
-
3
-
unemployment
19
-
45
-
pensions
76
-
112
-
health
32
-
89
-
total
144
-
287
-
Corporate
795
1 400
-
-
surtax
-
-
-
-
income
223
392
-
-
total
223
392
-
-
Dividends
572
1 008
-
-
surtax
-
-
-
-
social contributions
98
173
-
-
withholding
73
129
-
-
total
171
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
630
694
574
603
After tax
770
706
826
797
Living cost
369
369
369
369
Free-cash
401
337
457
428

Estimated living cost  is $369 per week

$232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$374
$433
$465
$494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
179
pensions
-
-
-
297
other
-
-
-
43
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
603
Employee
412
-
1 113
-
social contributions
12
-
32
-
surtax
-
-
-
-
income
21
-
190
-
pensions
47
-
65
-
total
80
-
287
-
Employer
412
-
1 113
-
other
14
-
38
-
social contributions
1
-
3
-
unemployment
17
-
45
-
pensions
68
-
112
-
health
29
-
89
-
total
129
-
287
-
Corporate
860
1 400
-
-
surtax
-
-
-
-
income
241
392
-
-
total
241
392
-
-
Dividends
619
1 008
-
-
surtax
-
-
-
-
social contributions
106
173
-
-
withholding
79
129
-
-
total
185
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
635
694
574
603
After tax
765
706
826
797
Living cost
332
332
332
332
Free-cash
433
374
494
465

Estimated living cost  is $332 per week

$193
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$625
$630
$670
$656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
health
-
-
-
98
social contributions
-
-
-
193
total
-
-
-
501
Employee
365
-
1 400
-
social contributions
50
-
193
-
health
26
-
98
-
income
61
-
224
-
total
137
-
515
-
Employer
365
-
1 400
-
total
-
-
-
-
Corporate
1 035
1 400
-
-
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%.

52
70
-
-
total
52
70
-
-
Dividends
983
1 330
-
-
health
69
93
-
-
social contributions
136
184
-
-
withholding
147
199
-
-
total
352
476
-
-
Income
1 400
1 400
1 400
1 400
Total tax
541
546
515
501
After tax
859
854
885
899
Living cost
229
229
229
229
Free-cash
630
625
656
670

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$399
$384
$324
$3
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
chamber of commerce
-
-
-
6
income
-
-
-
293
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
696
Employee
539
429
1 085
-
other
5
4
11
-
health
21
17
42
-
income
61
32
244
-
pensions
55
44
111
-
unemployment
16
13
33
-
total
158
110
441
-
Employer
539
429
1 085
-
accident
7
6
14
-
other
26
20
52
-
chamber of commerce
2
2
4
-
unemployment
16
13
33
-
surtax
2
2
2
-
pensions
68
54
136
-
payroll
16
13
33
-
health
20
16
41
-
total
157
126
315
-
Corporate
704
845
1 045
-
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.

176
211
261
-
total
176
211
261
-
Dividends
528
634
-
-
withholding
145
174
-
-
total
145
174
-
-
Income
1 400
1 400
1 400
1 400
Total tax
636
621
1 017
696
After tax
764
779
383
704
Living cost
380
380
380
380
Free-cash
384
399
3
324

Estimated living cost  is $380 per week

$253
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$391
$230
$231
$128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
national
-
-
-
483
communal

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

-
-
-
71
social contributions
-
-
-
222
total
-
-
-
776
Employee

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

771
-
1 084
-
communal

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

40
-
57
-
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.

36
-
51
-
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.

58
-
81
-
unemployment

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

7
-
9
-
national
237
-
365
-
total
378
-
563
-
Employer

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

771
-
1 084
-
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.

10
-
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.

11
-
16
-
surtax
87
-
123
-
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.

68
-
96
-
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.

47
-
67
-
total
223
-
316
-
Corporate
405
1 400
-
-
surtax
2
6
-
-
income
81
280
-
-
total
83
286
-
-
Dividends
322
1 114
-
-
withholding

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

93
330
-
-
total
93
330
-
-
Income
1 400
1 400
1 400
1 400
Total tax
777
616
879
776
After tax
623
784
521
624
Living cost
393
393
393
393
Free-cash
230
391
128
231

Estimated living cost  is $393 per week

$253
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$550
$467
$392
$340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
9
income
-
-
-
319
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
619
Employee
536
-
1 082
-
other
1
-
1
-
income
113
-
289
-
pensions
25
-
47
-
unemployment
8
-
15
-
total
147
-
352
-
Employer
536
-
1 082
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
693
1 400
-
-
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.

104
210
-
-
total
104
210
-
-
Dividends
589
1 190
-
-
withholding
121
251
-
-
total
121
251
-
-
Income
1 400
1 400
1 400
1 400
Total tax
544
461
671
619
After tax
856
939
729
781
Living cost
389
389
389
389
Free-cash
467
550
340
392

Estimated living cost  is $389 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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 Barcelona model

Close
Luxembourg , Luxembourg
$256
$150
$163
$218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
12
income
-
-
-
174
pensions
-
-
-
210
health
-
-
-
98
surtax
-
-
-
69
communal
-
-
-
88
total
-
-
-
651
Employee
816
-
1 251
-
health
36
-
56
-
surtax
50
-
77
-
income
79
-
214
-
pensions
65
-
100
-
total
230
-
447
-
Employer
816
-
1 251
-
accident
7
-
11
-
pensions
65
-
100
-
health
25
-
38
-
total
97
-
149
-
Corporate
486
1 400
-
-
surtax
5
15
-
-
communal
33
95
-
-
income
73
210
-
-
total
111
320
-
-
Dividends
375
1 081
-
-
income
170
76
-
-
withholding
56
162
-
-
total
226
238
-
-
Income
1 400
1 400
1 400
1 400
Total tax
664
558
596
651
After tax
736
842
804
749
Living cost
586
586
586
586
Free-cash
150
256
218
163

Estimated living cost  is $586 per week

$439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$639
$604
$428
$405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
307
pensions
-
-
-
280
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
99
surtax
-
-
-
42
total
-
-
-
730
Employee
363
-
1 157
-
other
-
-
-
-
health
9
-
29
-
surtax
1
-
38
-
income
61
-
285
-
pensions
24
-
77
-
unemployment
25
-
80
-
total
120
-
509
-
Employer
363
-
1 157
-
other
-
-
-
-
unemployment
12
-
37
-
pensions
48
-
154
-
health
17
-
53
-
total
77
-
244
-
Corporate
961
1 400
-
-
income
250
364
-
-
total
250
364
-
-
Dividends
711
1 036
-
-
withholding
107
155
-
-
total
107
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
554
519
753
730
After tax
846
881
647
670
Living cost
242
242
242
242
Free-cash
604
639
405
428

Estimated living cost  is $242 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$445
$421
$401
$335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
8
regional
-
-
-
21
national
-
-
-
320
social contributions
-
-
-
360
total
-
-
-
709
Employee
598
-
1 400
-
social contributions
202
-
472
-
regional
8
-
19
-
municipal
3
-
7
-
national
95
-
277
-
total
308
-
775
-
Employer
598
-
1 400
-
total
-
-
-
-
Corporate
802
1 400
-
-
nationa
193
336
-
-
municipal
40
70
-
-
total
233
406
-
-
Dividends
570
994
-
-
withholding
148
259
-
-
total
148
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
689
665
775
709
After tax
711
735
625
691
Living cost
290
290
290
290
Free-cash
421
445
335
401

Estimated living cost  is $290 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$646
$533
$395
$393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
126
health
-
-
-
189
solidarity contribution
-
-
-
-
social contributions
-
-
-
372
total
-
-
-
687
Employee
468
-
1 045
-
social contributions
30
-
68
-
health
63
-
141
-
solidarity contribution
-
-
-
-
income
56
-
125
-
total
149
-
334
-
Employer
468
-
1 045
-
social contributions
117
-
261
-
health
42
-
94
-
total
159
-
355
-
Corporate
773
1 400
-
-
income
147
266
-
-
total
147
266
-
-
Dividends
626
1 134
-
-
withholding
94
170
-
-
total
94
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
549
436
689
687
After tax
851
964
711
713
Living cost
318
318
318
318
Free-cash
533
646
393
395

Estimated living cost  is $318 per week

$237
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.
$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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$435
$432
$362
$39
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
chamber of commerce
-
-
-
6
income
-
-
-
293
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
694
Employee
471
429
1 087
-
other
5
4
11
-
health
18
17
42
-
income
42
32
245
-
pensions
48
44
111
-
unemployment
14
13
33
-
total
127
110
442
-
Employer
471
429
1 087
-
accident
6
6
14
-
other
22
20
52
-
chamber of commerce
2
2
4
-
unemployment
14
13
33
-
surtax
-
-
-
-
pensions
59
54
136
-
payroll
14
13
33
-
health
18
16
41
-
total
135
124
313
-
Corporate
793
847
1 046
-
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.

198
212
262
-
total
198
212
262
-
Dividends
595
635
-
-
withholding
164
175
-
-
total
164
175
-
-
Income
1 400
1 400
1 400
1 400
Total tax
624
621
1 017
694
After tax
776
779
383
706
Living cost
344
344
344
344
Free-cash
432
435
39
362

Estimated living cost  is $344 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1177
$1149
$1233
$967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 400
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
192
-
1 400
-
income
38
-
280
-
total
38
-
280
-
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%.

1 208
1 400
-
-
total
-
-
-
-
Dividends
1 208
1 400
-
-
withholding
60
70
-
-
total
60
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
98
70
280
14
After tax
1 302
1 330
1 120
1 386
Living cost
153
153
153
153
Free-cash
1 149
1 177
967
1 233

Estimated living cost  is $153 per week

$104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$675
$585
$420
$380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
295
pensions
-
-
-
256
unemployment
-
-
-
2
health
-
-
-
138
total
-
-
-
691
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.

477
-
1 211
-
health
31
-
78
-
income
82
-
274
-
pensions
74
-
188
-
unemployment
1
-
2
-
total
188
-
542
-
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.

477
-
1 211
-
unemployment
-
-
1
-
pensions
42
-
107
-
health
32
-
81
-
total
74
-
189
-
Corporate
849
1 400
-
-
income
161
266
-
-
total
161
266
-
-
Dividends
688
1 134
-
-
withholding
103
170
-
-
total
103
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
526
436
731
691
After tax
874
964
669
709
Living cost
289
289
289
289
Free-cash
585
675
380
420

Estimated living cost  is $289 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$385
-$215
$500
$790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
273
social contributions
-
-
-
160
total
-
-
-
433
Employee
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
Corporate
-
1 400
-
-
income
-
308
-
-
total
-
308
-
-
Dividends
-
1 092
-
-
income
-
240
-
-
total
-
240
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 148
548
143
433
After tax
252
852
1 257
967
Living cost
467
467
467
467
Free-cash
-215
385
790
500

Estimated living cost  is $467 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$458
$447
$429
$338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
147
surtax
-
-
-
-
social contributions

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

-
-
-
486
total
-
-
-
633
Employee
496
-
1 131
-
social contributions
55
-
124
-
surtax
-
-
-
-
income
103
-
331
-
total
158
-
455
-
Employer
496
-
1 131
-
social contributions
118
-
269
-
total
118
-
269
-
Corporate
787
1 400
-
-
surtax
-
-
-
-
income
165
294
-
-
total
165
294
-
-
Dividends
621
1 106
-
-
withholding
174
310
-
-
total
174
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
615
604
724
633
After tax
785
796
676
767
Living cost
338
338
338
338
Free-cash
447
458
338
429

Estimated living cost  is $338 per week

$253
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$185
$260
$276
$305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
179
pensions
-
-
-
297
other
-
-
-
43
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
40
total
-
-
-
603
Employee
675
-
1 113
-
social contributions
19
-
32
-
surtax
-
-
-
-
income
59
-
190
-
pensions
76
-
65
-
total
154
-
287
-
Employer
675
-
1 113
-
other
23
-
38
-
social contributions
2
-
3
-
unemployment
27
-
45
-
pensions
111
-
112
-
health
47
-
89
-
total
210
-
287
-
Corporate
514
1 400
-
-
surtax
-
-
-
-
income
144
392
-
-
total
144
392
-
-
Dividends
370
1 008
-
-
surtax
-
-
-
-
social contributions
64
173
-
-
withholding
47
129
-
-
total
111
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
619
694
574
603
After tax
781
706
826
797
Living cost
521
521
521
521
Free-cash
260
185
305
276

Estimated living cost  is $521 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$936
$899
$724
$761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
44
social contributions
-
-
-
308
total
-
-
-
352
Employee
346
-
1 212
-
income
-
-
48
-
social contributions
23
-
79
-
total
23
-
127
-
Employer
346
-
1 212
-
social contributions
54
-
188
-
total
54
-
188
-
Corporate
1 000
1 400
-
-
income
100
140
-
-
total
100
140
-
-
Dividends
900
1 260
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
177
140
315
352
After tax
1 223
1 260
1 085
1 048
Living cost
324
324
324
324
Free-cash
899
936
761
724

Estimated living cost  is $324 per week

$209
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$948
-$948
$333
-$948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
277
pensions
-
-
-
9
national
-
-
-
151
labour market
-
-
-
111
total
-
-
-
548
Employee
2 191
2 191
2 191
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 191
2 191
2 191
-
labour market
175
175
175
-
municipal
467
467
467
-
pensions
6
6
6
-
national
268
268
268
-
total
916
916
916
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 829
1 829
1 829
548
After tax
-429
-429
-429
852
Living cost
519
519
519
519
Free-cash
-948
-948
-948
333

Estimated living cost  is $519 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$118
$78
$728
$512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
3
income
-
-
-
367
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
441
Employee
364
-
1 232
-
health
42
-
141
-
income
50
-
266
-
pensions
41
-
81
-
total
133
-
488
-
Employer
364
-
1 232
-
accident
6
-
21
-
unemployment
9
-
30
-
pensions
59
-
118
-
total
74
-
169
-
Corporate
962
1 400
-
-
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.

866
1 260
-
-
total
866
1 260
-
-
Dividends
96
140
-
-
withholding
18
27
-
-
total
18
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 091
1 287
657
441
After tax
309
113
743
959
Living cost
231
231
231
231
Free-cash
78
-118
512
728

Estimated living cost  is $231 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$492
$498
$544
$352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 400
municipal
-
-
-
249
health
-
-
-
17
national
-
-
-
176
total
-
-
-
442
Employee
567
-
1 178
-
health
4
-
14
-
municipal
93
-
192
-
pensions
38
-
79
-
unemployment
9
-
18
-
national
9
-
109
-
total
153
-
412
-
Employer
567
-
1 178
-
accident
1
-
1
-
unemployment
4
-
8
-
pensions
98
-
204
-
health
4
-
9
-
total
107
-
222
-
Corporate
726
1 400
-
-
income
145
280
-
-
total
145
280
-
-
Dividends

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

436
840
-
-
national
5
63
-
-
municipal
78
151
-
-
total
83
214
-
-
Income
1 400
1 400
1 400
1 400
Total tax
488
494
634
442
After tax
912
906
766
958
Living cost
414
414
414
414
Free-cash
498
492
352
544

Estimated living cost  is $414 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$773
$716
$730
$714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
health
-
-
-
36
social contributions
-
-
-
174
total
-
-
-
420
Employee
829
829
1 283
-
social contributions
31
69
93
-
health
6
14
22
-
income
90
77
204
-
total
127
160
319
-
Employer
829
829
1 283
-
social contributions
31
69
93
-
health
7
15
24
-
total
38
84
117
-
Corporate
984
487
-
-
income
123
61
-
-
total
123
61
-
-
Dividends
861
426
-
-
withholding
146
72
-
-
total
146
72
-
-
Income
1 400
1 400
1 400
1 400
Total tax
434
377
436
420
After tax
966
1 023
964
980
Living cost
250
250
250
250
Free-cash
716
773
714
730

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$988
$934
$983
$767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 400
income
-
-
-
138
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
246
Employee

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

247
-
1 295
-
health
21
-
87
-
income
17
-
112
-
pensions
37
-
153
-
unemployment
1
-
5
-
total
76
-
357
-
Employer

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

247
-
1 295
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
1 127
1 400
-
-
income
101
126
-
-
total
101
126
-
-
Dividends
1 026
1 274
-
-
withholding
92
115
-
-
total
92
115
-
-
Income
1 400
1 400
1 400
1 400
Total tax
295
241
462
246
After tax
1 105
1 159
938
1 154
Living cost
171
171
171
171
Free-cash
934
988
767
983

Estimated living cost  is $171 per week

$109
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 Podgorica model

Close
Valencia , Spain
$643
$590
$485
$433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
9
income
-
-
-
319
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
619
Employee
399
-
1 082
-
other
-
-
1
-
income
77
-
289
-
pensions
19
-
47
-
unemployment
6
-
15
-
total
102
-
352
-
Employer
399
-
1 082
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
874
1 400
-
-
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.

131
210
-
-
total
131
210
-
-
Dividends
743
1 190
-
-
withholding
154
251
-
-
total
154
251
-
-
Income
1 400
1 400
1 400
1 400
Total tax
514
461
671
619
After tax
886
939
729
781
Living cost
296
296
296
296
Free-cash
590
643
433
485

Estimated living cost  is $296 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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.
$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 Valencia model

Close
Istanbul , Turkey
$844
$839
$862
$861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
470
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
508
Employee
45
-
1 376
-
health
2
-
5
-
income
9
-
469
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
485
-
Employer
45
-
1 376
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 345
1 400
-
-
income
296
308
-
-
total
296
308
-
-
Dividends
1 049
1 092
-
-
withholding
210
218
-
-
total
210
218
-
-
Income
1 400
1 400
1 400
1 400
Total tax
531
526
509
508
After tax
869
874
891
892
Living cost
30
30
30
30
Free-cash
839
844
861
862

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$826
$774
$608
$607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 400
income
-
-
-
305
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
606
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.

281
-
1 257
-
health
14
-
41
-
income
39
-
305
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
464
-
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.

281
-
1 257
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
1 068
1 400
-
-
income
160
210
-
-
total
160
210
-
-
Dividends
908
1 190
-
-
withholding
136
178
-
-
total
136
178
-
-
Income
1 400
1 400
1 400
1 400
Total tax
440
388
607
606
After tax
960
1 012
793
794
Living cost
186
186
186
186
Free-cash
774
826
607
608

Estimated living cost  is $186 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$505
$502
$476
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 400
income
-
-
-
147
surtax
-
-
-
-
social contributions

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

-
-
-
486
total
-
-
-
633
Employee
418
-
1 131
-
social contributions
46
-
124
-
surtax
-
-
-
-
income
82
-
331
-
total
128
-
455
-
Employer
418
-
1 131
-
social contributions
99
-
269
-
total
99
-
269
-
Corporate
882
1 400
-
-
surtax
-
-
-
-
income
185
294
-
-
total
185
294
-
-
Dividends
697
1 106
-
-
withholding
195
310
-
-
total
195
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
607
604
724
633
After tax
793
796
676
767
Living cost
291
291
291
291
Free-cash
502
505
385
476

Estimated living cost  is $291 per week

$206
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$560
$481
$402
$350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
9
income
-
-
-
319
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
619
Employee
521
-
1 082
-
other
1
-
1
-
income
109
-
289
-
pensions
24
-
47
-
unemployment
8
-
15
-
total
142
-
352
-
Employer
521
-
1 082
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
714
1 400
-
-
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.

107
210
-
-
total
107
210
-
-
Dividends
607
1 190
-
-
withholding
125
251
-
-
total
125
251
-
-
Income
1 400
1 400
1 400
1 400
Total tax
540
461
671
619
After tax
860
939
729
781
Living cost
379
379
379
379
Free-cash
481
560
350
402

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1011
$944
$903
$953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
210
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
311
Employee
246
-
1 326
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
133
-
pensions

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

22
-
33
-
total
61
-
187
-
Employer
246
-
1 326
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 106
1 400
-
-
income
111
140
-
-
total
111
140
-
-
Dividends
996
1 260
-
-
withholding
50
63
-
-
total
50
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
270
203
261
311
After tax
1 130
1 197
1 139
1 089
Living cost
186
186
186
186
Free-cash
944
1 011
953
903

Estimated living cost  is $186 per week

$123
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$305
$446
$383
$512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
trade
-
-
-
129
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.

-
-
-
377
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.

-
-
-
74
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.

-
-
-
21
total
-
-
-
601
Employee

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

536
-
1 400
-
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.

74
-
74
-
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.

2
-
21
-
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.

44
-
377
-
total
120
-
472
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
864
1 400
-
-
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
-
-
income
130
210
-
-
trade
124
201
-
-
chamber of commerce
3
4
-
-
total
264
427
-
-
Dividends
600
974
-
-
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
13
-
-
withholding
146
239
-
-
total
154
252
-
-
Income
1 400
1 400
1 400
1 400
Total tax
538
679
472
601
After tax
862
721
928
799
Living cost
416
416
416
416
Free-cash
446
305
512
383

Estimated living cost  is $416 per week

$287
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.
$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

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
$366
$390
$273
$273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
382
social contributions
-
-
-
131
total
-
-
-
513
Employee
843
-
1 400
-
income
159
-
382
-
social contributions
70
-
131
-
total
229
-
513
-
Employer
843
-
1 400
-
total
-
-
-
-
Corporate
557
1 400
-
-
income
70
175
-
-
total
70
175
-
-
Dividends
487
1 225
-
-
withholding
97
245
-
-
total
97
245
-
-
Income
1 400
1 400
1 400
1 400
Total tax
396
420
513
513
After tax
1 004
980
887
887
Living cost
614
614
614
614
Free-cash
390
366
273
273

Estimated living cost  is $614 per week

$467
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$462
$498
$630
$634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
income
-
-
-
307
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
-
-
-
379
Employee
494
-
1 350
-
income
54
-
275
-
social contributions
50
-
50
-
total
104
-
325
-
Employer
494
-
1 350
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
856
1 400
-
-
income
300
490
-
-
total
300
490
-
-
Dividends
556
910
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 400
1 400
1 400
1 400
Total tax
511
547
375
379
After tax
889
853
1 025
1 021
Living cost
391
391
391
391
Free-cash
498
462
634
630

Estimated living cost  is $391 per week

$258
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$568
$584
$563
$434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
345
pensions
-
-
-
88
total
-
-
-
433
Employee
554
-
1 228
-
health
7
-
20
-
income
101
-
259
-
pensions
42
-
111
-
total
150
-
390
-
Employer
554
-
1 228
-
pensions
56
-
149
-
health
11
-
23
-
total
67
-
172
-
Corporate
779
1 400
-
-
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.

148
266
-
-
total
148
266
-
-
Dividends
631
1 134
-
-
withholding
47
162
-
-
total
47
162
-
-
Income
1 400
1 400
1 400
1 400
Total tax
412
428
562
433
After tax
988
972
838
967
Living cost
404
404
404
404
Free-cash
584
568
434
563

Estimated living cost  is $404 per week

$277
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.
$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.
$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

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
-$141
$74
$705
$489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
accident
-
-
-
3
income
-
-
-
367
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
441
Employee
400
-
1 232
-
health
46
-
141
-
income
55
-
266
-
pensions
45
-
81
-
total
146
-
488
-
Employer
400
-
1 232
-
accident
7
-
21
-
unemployment
10
-
30
-
pensions
65
-
118
-
total
82
-
169
-
Corporate
919
1 400
-
-
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.

827
1 260
-
-
total
827
1 260
-
-
Dividends
92
140
-
-
withholding
17
27
-
-
total
17
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 072
1 287
657
441
After tax
328
113
743
959
Living cost
254
254
254
254
Free-cash
74
-141
489
705

Estimated living cost  is $254 per week

$187
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1032
$982
$645
$794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 400
work injury
-
-
-
7
health insurance
-
-
-
104
income
-
-
-
223
pensions
-
-
-
258
unemployment
-
-
-
17
total
-
-
-
609
Employee

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

233
-
1 400
-
work injury
1
-
4
-
income
23
-
223
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
460
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 167
1 400
-
-
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%.

12
14
-
-
total
12
14
-
-
Dividends
1 155
1 386
-
-
withholding
173
208
-
-
total
173
208
-
-
Income
1 400
1 400
1 400
1 400
Total tax
272
222
460
609
After tax
1 128
1 178
940
791
Living cost
146
146
146
146
Free-cash
982
1 032
794
645

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$309
$260
$251
$187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
municipal
-
-
-
9
regional
-
-
-
31
national
-
-
-
320
social contributions
-
-
-
360
total
-
-
-
720
Employee
908
-
1 400
-
social contributions
306
-
472
-
regional
14
-
27
-
municipal
5
-
8
-
national
153
-
277
-
total
478
-
784
-
Employer
908
-
1 400
-
total
-
-
-
-
Corporate
492
1 400
-
-
nationa
118
336
-
-
municipal
24
67
-
-
total
142
403
-
-
Dividends
350
997
-
-
withholding
91
259
-
-
total
91
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
711
662
784
720
After tax
689
738
616
680
Living cost
429
429
429
429
Free-cash
260
309
187
251

Estimated living cost  is $429 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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