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
$ 1450
per

Your estimated
City
free-cash

Dresden , Germany
$374
$612
$470
$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.

-
-
-
1 450
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.

-
-
-
378
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
health

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

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

-
-
-
81
trade
-
-
-
142
total
-
-
-
622
Employee

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

452
-
1 450
-
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.

13
-
378
-
health

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

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

81
-
81
-
total
95
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
998
1 450
-
-
income
150
218
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
157
228
-
-
total
318
462
-
-
Dividends
680
988
-
-
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
165
243
-
-
total
174
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
587
718
480
622
After tax
863
732
970
828
Living cost
358
358
358
358
Free-cash
505
374
612
470

Estimated living cost  is $358 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$274
$250
$237
$263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
16
municipal
-
-
-
154
national
-
-
-
238
pensions
-
-
-
174
total
-
-
-
582
Employee
979
-
1 254
-
municipal
121
-
159
-
pensions
39
-
50
-
national
187
-
247
-
total
347
-
456
-
Employer
979
-
1 254
-
pensions
78
-
100
-
social contributions
11
-
13
-
total
89
-
113
-
Corporate
318
1 450
-
-
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%.

64
290
-
-
total
64
290
-
-
Dividends
254
1 160
-
-
withholding
56
255
-
-
total
56
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
545
569
582
After tax
894
905
881
868
Living cost
631
631
631
631
Free-cash
263
274
250
237

Estimated living cost  is $631 per week

$429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$914
$568
$165
$818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 450
income
-
-
-
216
surtax
-
-
-
370
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.

-
-
-
453
microenterprise
-
-
-
-
total
-
-
-
1 039
Employee
345
-
1 168
-
surtax
-
-
-
-
social contributions

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

38
-
129
-
income
61
-
226
-
total
99
-
355
-
Employer
345
-
1 168
-
social contributions

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

83
-
281
-
surtax
-
-
-
-
total
83
-
281
-
Corporate
1 022
1 450
-
-
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%.

204
290
-
-
total
204
290
-
-
Dividends

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

817
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
386
290
636
1 039
After tax
1 064
1 160
814
411
Living cost
246
246
246
246
Free-cash
818
914
568
165

Estimated living cost  is $246 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
$214
$291
$338
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
333
health
-
-
-
146
pensions
-
-
-
138
total
-
-
-
617
Employee
1 009
1 009
1 234
-
pensions
182
138
138
-
income

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

165
165
165
-
health
155
132
145
-
total
502
435
448
-
Employer
1 009
1 009
1 234
-
health
70
70
86
-
pensions
70
70
86
-
unemployment
36
36
44
-
total
176
176
216
-
Corporate
277
265
-
-
income
55
53
-
-
total
55
53
-
-
Dividends
222
212
-
-
income
47
45
-
-
withholding
33
32
-
-
total
80
77
-
-
Income
1 450
1 450
1 450
1 450
Total tax
813
741
664
617
After tax
637
709
786
833
Living cost
495
495
495
495
Free-cash
142
214
291
338

Estimated living cost  is $495 per week

$351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$308
$277
$290
$297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
2
other
-
-
-
123
unemployment
-
-
-
1
health
-
-
-
66
municipal
-
-
-
341
national
-
-
-
28
pensions
-
-
-
115
total
-
-
-
676
Employee
690
-
1 117
-
municipal
206
-
333
-
national
-
-
23
-
total
206
-
356
-
Employer
690
-
1 117
-
health
42
-
65
-
pensions
75
-
115
-
accident
1
-
2
-
unemployment
18
-
28
-
other
80
-
123
-
total
216
-
333
-
Corporate
543
1 450
-
-
income
120
319
-
-
total
120
319
-
-
Dividends
424
1 131
-
-
withholding
127
339
-
-
total
127
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
669
658
689
676
After tax
781
792
761
774
Living cost
484
484
484
484
Free-cash
297
308
277
290

Estimated living cost  is $484 per week

$321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$260
$506
$358
$426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
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.

-
-
-
378
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
health

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

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

-
-
-
81
trade
-
-
-
148
total
-
-
-
628
Employee

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

599
-
1 450
-
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.

51
-
378
-
health

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

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

81
-
81
-
total
135
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
851
1 450
-
-
income
128
218
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
140
239
-
-
total
278
473
-
-
Dividends
573
978
-
-
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
139
240
-
-
total
147
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
726
480
628
After tax
890
724
970
822
Living cost
464
464
464
464
Free-cash
426
260
506
358

Estimated living cost  is $464 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$678
$617
$634
$628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
205
social contributions
-
-
-
191
health
-
-
-
37
total
-
-
-
433
Employee
908
908
1 324
-
social contributions
44
75
102
-
income
95
84
199
-
health
9
15
23
-
total
148
174
324
-
Employer
908
908
1 324
-
health
10
17
24
-
social contributions
44
75
102
-
total
54
92
126
-
Corporate
864
449
-
-
income
108
56
-
-
total
108
56
-
-
Dividends
756
393
-
-
withholding
129
67
-
-
total
129
67
-
-
Income
1 450
1 450
1 450
1 450
Total tax
439
389
450
433
After tax
1 011
1 061
1 000
1 017
Living cost
383
383
383
383
Free-cash
628
678
617
634

Estimated living cost  is $383 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
$600
$624
$788
$604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
177
unemployment
-
-
-
22
health
-
-
-
101
pensions
-
-
-
145
total
-
-
-
445
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.

313
125
1 213
-
unemployment
5
2
18
-
pensions
31
12
121
-
income
38
15
148
-
health
22
9
85
-
total
96
38
372
-
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.

313
125
1 213
-
pensions
61
24
237
-
total
61
24
237
-
Corporate
1 076
1 301
-
-
income
97
117
-
-
total
97
117
-
-
Dividends
979
1 184
-
-
social contributions
189
229
-
-
withholding
186
225
-
-
total
375
454
-
-
Income
1 450
1 450
1 450
1 450
Total tax
629
633
609
445
After tax
821
817
841
1 005
Living cost
217
217
217
217
Free-cash
604
600
624
788

Estimated living cost  is $217 per week

$148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$875
$550
$493
$801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
194
health
-
-
-
188
pensions
-
-
-
290
total
-
-
-
672
Employee
335
-
1 084
-
unemployment
5
-
17
-
pensions
7
-
22
-
income
38
-
209
-
total
50
-
248
-
Employer
335
-
1 084
-
health
44
-
141
-
pensions
67
-
217
-
unemployment
3
-
9
-
total
114
-
367
-
Corporate
1 002
1 450
-
-
income
200
290
-
-
total
200
290
-
-
Dividends
801
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
364
290
615
672
After tax
1 086
1 160
835
778
Living cost
285
285
285
285
Free-cash
801
875
550
493

Estimated living cost  is $285 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$147
$501
$730
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
373
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
456
Employee
415
-
1 266
-
pensions
47
-
91
-
income
57
-
265
-
health
47
-
145
-
total
151
-
501
-
Employer
415
-
1 266
-
pensions
67
-
132
-
accident
7
-
21
-
unemployment
10
-
31
-
total
84
-
184
-
Corporate
951
1 450
-
-
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.

856
1 305
-
-
total
856
1 305
-
-
Dividends
95
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 109
1 333
685
456
After tax
341
117
765
994
Living cost
264
264
264
264
Free-cash
77
-147
501
730

Estimated living cost  is $264 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1281
$1063
$1338
$1263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
121
-
1 450
-
income
24
-
290
-
total
24
-
290
-
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%.

1 329
1 450
-
-
total
-
-
-
-
Dividends
1 329
1 450
-
-
withholding
66
72
-
-
total
66
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
72
290
15
After tax
1 360
1 378
1 160
1 435
Living cost
97
97
97
97
Free-cash
1 263
1 281
1 063
1 338

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$750
$522
$462
$672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
192
other
-
-
-
69
health
-
-
-
64
pensions

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

-
-
-
348
total
-
-
-
673
Employee
429
-
1 158
-
unemployment
4
-
12
-
pensions

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

30
-
81
-
income
74
-
212
-
health
6
-
16
-
total
114
-
321
-
Employer
429
-
1 158
-
health
6
-
16
-
pensions

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

73
-
197
-
accident
3
-
9
-
unemployment
4
-
12
-
other
21
-
58
-
total
107
-
292
-
Corporate
913
1 450
-
-
income
192
305
-
-
total
192
305
-
-
Dividends
721
1 145
-
-
withholding
50
80
-
-
total
50
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
463
385
613
673
After tax
987
1 065
837
777
Living cost
315
315
315
315
Free-cash
672
750
522
462

Estimated living cost  is $315 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
$231
$90
$224
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
349
pensions
-
-
-
93
total
-
-
-
442
Employee
1 110
-
1 272
-
pensions
107
-
119
-
income
200
-
259
-
health
18
-
21
-
total
325
-
399
-
Employer
1 110
-
1 272
-
health
21
-
24
-
pensions
131
-
153
-
total
152
-
177
-
Corporate
188
1 450
-
-
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.

36
276
-
-
total
36
276
-
-
Dividends
153
1 174
-
-
withholding
11
159
-
-
total
11
159
-
-
Income
1 450
1 450
1 450
1 450
Total tax
524
435
576
442
After tax
926
1 015
874
1 008
Living cost
784
784
784
784
Free-cash
142
231
90
224

Estimated living cost  is $784 per week

$588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1085
$1018
$968
$1032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
217
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
327
Employee
205
-
1 369
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
20
-
137
-
health
9
-
19
-
total
49
-
197
-
Employer
205
-
1 369
-
health
14
-
28
-
pensions

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

23
-
45
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
80
-
Corporate
1 205
1 450
-
-
income
120
145
-
-
total
120
145
-
-
Dividends
1 084
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
263
210
277
327
After tax
1 187
1 240
1 173
1 123
Living cost
155
155
155
155
Free-cash
1 032
1 085
1 018
968

Estimated living cost  is $155 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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$54
$131
$178
$83
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
333
health
-
-
-
146
pensions
-
-
-
138
total
-
-
-
617
Employee
1 095
1 009
1 234
-
pensions
138
138
138
-
income

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

165
165
165
-
health
137
132
145
-
total
440
435
448
-
Employer
1 095
1 009
1 234
-
health
76
70
86
-
pensions
76
70
86
-
unemployment
39
36
44
-
total
191
176
216
-
Corporate
163
265
-
-
income
33
53
-
-
total
33
53
-
-
Dividends
130
212
-
-
income
28
45
-
-
withholding
20
32
-
-
total
48
77
-
-
Income
1 450
1 450
1 450
1 450
Total tax
712
741
664
617
After tax
738
709
786
833
Living cost
655
655
655
655
Free-cash
83
54
131
178

Estimated living cost  is $655 per week

$483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$705
$442
$412
$599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
125
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
196
total
-
-
-
744
Employee
432
-
1 082
-
solidarity contribution
-
-
-
-
social contributions
28
-
70
-
income
52
-
130
-
health
58
-
146
-
total
138
-
346
-
Employer
432
-
1 082
-
health
39
-
97
-
social contributions
108
-
271
-
total
147
-
368
-
Corporate
871
1 450
-
-
income
166
275
-
-
total
166
275
-
-
Dividends
706
1 175
-
-
withholding
106
176
-
-
total
106
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
557
451
714
744
After tax
893
999
736
706
Living cost
294
294
294
294
Free-cash
599
705
442
412

Estimated living cost  is $294 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$275
$158
$227
$213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
16
municipal
-
-
-
9
national
-
-
-
327
total
-
-
-
725
Employee
1 050
-
1 450
-
municipal
6
-
8
-
national
182
-
283
-
regional
10
-
14
-
social contributions
354
-
489
-
total
552
-
794
-
Employer
1 050
-
1 450
-
total
-
-
-
-
Corporate
400
1 450
-
-
municipal
16
57
-
-
nationa
96
348
-
-
total
112
405
-
-
Dividends
288
1 045
-
-
withholding
75
272
-
-
total
75
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
677
794
725
After tax
711
773
656
725
Living cost
498
498
498
498
Free-cash
213
275
158
227

Estimated living cost  is $498 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$651
$418
$442
$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
-
-
-
1 450
income
-
-
-
309
other
-
-
-
-
surtax
-
-
-
42
unemployment
-
-
-
3
health
-
-
-
103
pensions
-
-
-
290
total
-
-
-
747
Employee
391
-
1 198
-
other
-
-
-
-
unemployment
27
-
83
-
pensions
26
-
80
-
surtax
1
-
38
-
income
65
-
286
-
health
10
-
31
-
total
129
-
518
-
Employer
391
-
1 198
-
health
18
-
55
-
pensions
52
-
160
-
unemployment
12
-
38
-
other
-
-
-
-
total
82
-
253
-
Corporate
977
1 450
-
-
income
254
377
-
-
total
254
377
-
-
Dividends
723
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
573
538
771
747
After tax
877
912
679
703
Living cost
261
261
261
261
Free-cash
616
651
418
442

Estimated living cost  is $261 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$479
$338
$472
$458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
349
pensions
-
-
-
93
total
-
-
-
442
Employee
744
-
1 272
-
pensions
63
-
119
-
income
134
-
259
-
health
11
-
21
-
total
208
-
399
-
Employer
744
-
1 272
-
health
14
-
24
-
pensions
81
-
153
-
total
95
-
177
-
Corporate
612
1 450
-
-
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.

116
276
-
-
total
116
276
-
-
Dividends
495
1 174
-
-
withholding
37
159
-
-
total
37
159
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
435
576
442
After tax
994
1 015
874
1 008
Living cost
536
536
536
536
Free-cash
458
479
338
472

Estimated living cost  is $536 per week

$401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$280
$185
$258
$125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
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.

-
-
-
29
regional
-
-
-
56
health
-
-
-
3
city
-
-
-
15
national
-
-
-
13
pensions
-
-
-
133
total
-
-
-
249
Employee
1 104
-
1 298
-
unemployment
-
-
-
-
pensions
93
-
109
-
national
5
-
10
-
regional
36
-
48
-
city
12
-
14
-
health
2
-
3
-
total
148
-
184
-
Employer
1 104
-
1 298
-
health
2
-
3
-
pensions
93
-
109
-
unemployment
-
-
-
-
other

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

22
-
26
-
total
117
-
138
-
Corporate
217
1 450
-
-
regional
46
307
-
-
national
18
123
-
-
total
64
430
-
-
Dividends
153
1 020
-
-
withholding
53
357
-
-
total
53
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
382
787
322
249
After tax
1 068
663
1 128
1 201
Living cost
943
943
943
943
Free-cash
125
-280
185
258

Estimated living cost  is $943 per week

$613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$175
$429
$275
$367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
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.

-
-
-
378
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
health

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

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

-
-
-
81
trade
-
-
-
154
total
-
-
-
634
Employee

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

710
-
1 450
-
surtax

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

5
-
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.

83
-
378
-
health

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

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

81
-
81
-
total
169
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
740
1 450
-
-
income
111
218
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
127
249
-
-
total
247
483
-
-
Dividends
493
968
-
-
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
119
238
-
-
total
126
251
-
-
Income
1 450
1 450
1 450
1 450
Total tax
542
734
480
634
After tax
908
716
970
816
Living cost
541
541
541
541
Free-cash
367
175
429
275

Estimated living cost  is $541 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$326
$464
$423
$399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
176
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
42
pensions
-
-
-
319
total
-
-
-
623
Employee
506
-
1 158
-
pensions
57
-
65
-
surtax
-
-
-
-
social contributions
14
-
33
-
income
30
-
192
-
total
101
-
290
-
Employer
506
-
1 158
-
health
35
-
89
-
pensions
83
-
113
-
unemployment
20
-
47
-
social contributions
2
-
3
-
other
17
-
40
-
total
157
-
292
-
Corporate
787
1 450
-
-
income
220
406
-
-
surtax
-
-
-
-
total
220
406
-
-
Dividends
566
1 044
-
-
surtax
-
-
-
-
social contributions
97
180
-
-
withholding
72
134
-
-
total
169
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
720
582
623
After tax
803
730
868
827
Living cost
404
404
404
404
Free-cash
399
326
464
423

Estimated living cost  is $404 per week

$255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$366
$504
$463
$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
-
-
-
1 450
income
-
-
-
176
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
42
pensions
-
-
-
319
total
-
-
-
623
Employee
451
-
1 158
-
pensions
51
-
65
-
surtax
-
-
-
-
social contributions
13
-
33
-
income
23
-
192
-
total
87
-
290
-
Employer
451
-
1 158
-
health
32
-
89
-
pensions
74
-
113
-
unemployment
18
-
47
-
social contributions
1
-
3
-
other
16
-
40
-
total
141
-
292
-
Corporate
858
1 450
-
-
income
240
406
-
-
surtax
-
-
-
-
total
240
406
-
-
Dividends
618
1 044
-
-
surtax
-
-
-
-
social contributions
106
180
-
-
withholding
79
134
-
-
total
185
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
653
720
582
623
After tax
797
730
868
827
Living cost
364
364
364
364
Free-cash
433
366
504
463

Estimated living cost  is $364 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$634
$669
$680
$639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
218
social contributions
-
-
-
200
health
-
-
-
101
total
-
-
-
519
Employee
401
-
1 450
-
social contributions
55
-
200
-
income
67
-
229
-
health
28
-
101
-
total
150
-
530
-
Employer
401
-
1 450
-
total
-
-
-
-
Corporate
1 049
1 450
-
-
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
73
-
-
total
52
73
-
-
Dividends
997
1 377
-
-
social contributions
138
190
-
-
withholding
150
207
-
-
health
70
96
-
-
total
358
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
566
530
519
After tax
890
884
920
931
Living cost
250
250
250
250
Free-cash
639
634
669
680

Estimated living cost  is $250 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$393
-$11
$307
$374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
286
surtax
-
-
-
2
unemployment
-
-
-
72
chamber of commerce
-
-
-
6
health
-
-
-
106
pensions
-
-
-
255
total
-
-
-
727
Employee
590
471
1 124
-
other
6
5
11
-
unemployment
18
14
34
-
pensions
60
48
115
-
income
67
35
245
-
health
23
18
44
-
total
174
120
449
-
Employer
590
471
1 124
-
chamber of commerce
2
2
5
-
health
22
18
42
-
pensions
74
59
141
-
accident
8
6
15
-
unemployment
18
14
34
-
surtax
2
2
2
-
payroll
18
14
34
-
other
28
22
53
-
total
172
137
326
-
Corporate
687
841
1 079
-
income

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

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

172
210
270
-
total
172
210
270
-
Dividends
516
631
-
-
withholding
142
174
-
-
total
142
174
-
-
Income
1 450
1 450
1 450
1 450
Total tax
660
641
1 045
727
After tax
790
809
405
723
Living cost
416
416
416
416
Free-cash
374
393
-11
307

Estimated living cost  is $416 per week

$278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$381
$115
$222
$205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
communal

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

-
-
-
73
social contributions
-
-
-
231
national
-
-
-
493
total
-
-
-
797
Employee

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

845
-
1 123
-
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
-
10
-
communal

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

44
-
59
-
pensions

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

63
-
84
-
national
260
-
372
-
health

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

40
-
53
-
total
414
-
578
-
Employer

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

845
-
1 123
-
health

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

52
-
69
-
pensions

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

75
-
99
-
accident

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

11
-
15
-
unemployment

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

12
-
16
-
surtax
96
-
127
-
total
246
-
326
-
Corporate
359
1 450
-
-
income
72
290
-
-
surtax
1
6
-
-
total
73
296
-
-
Dividends
286
1 154
-
-
withholding

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

81
342
-
-
total
81
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
814
638
904
797
After tax
636
812
546
653
Living cost
431
431
431
431
Free-cash
205
381
115
222

Estimated living cost  is $431 per week

$277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$547
$320
$375
$454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
319
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
648
Employee
588
-
1 101
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
51
-
income
124
-
285
-
total
162
-
354
-
Employer
588
-
1 101
-
pensions
139
-
258
-
accident
12
-
22
-
unemployment
32
-
60
-
other
5
-
9
-
total
188
-
349
-
Corporate
675
1 450
-
-
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.

101
218
-
-
total
101
218
-
-
Dividends
573
1 232
-
-
withholding
118
258
-
-
total
118
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
569
476
703
648
After tax
881
974
747
802
Living cost
427
427
427
427
Free-cash
454
547
320
375

Estimated living cost  is $427 per week

$314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$234
$202
$145
$122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
communal
-
-
-
92
accident
-
-
-
12
income
-
-
-
168
surtax
-
-
-
72
health
-
-
-
102
pensions
-
-
-
217
total
-
-
-
663
Employee
895
-
1 295
-
pensions
72
-
104
-
surtax
55
-
79
-
income
86
-
209
-
health
40
-
58
-
total
253
-
450
-
Employer
895
-
1 295
-
health
27
-
40
-
pensions
72
-
104
-
accident
8
-
12
-
total
107
-
156
-
Corporate
448
1 450
-
-
communal
30
98
-
-
income
67
218
-
-
surtax
5
15
-
-
total
102
331
-
-
Dividends
346
1 119
-
-
income
172
75
-
-
withholding
52
168
-
-
total
224
243
-
-
Income
1 450
1 450
1 450
1 450
Total tax
686
574
606
663
After tax
764
876
844
787
Living cost
642
642
642
642
Free-cash
122
234
202
145

Estimated living cost  is $642 per week

$482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$647
$414
$438
$609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
309
other
-
-
-
-
surtax
-
-
-
42
unemployment
-
-
-
3
health
-
-
-
103
pensions
-
-
-
290
total
-
-
-
747
Employee
398
-
1 198
-
other
-
-
-
-
unemployment
28
-
83
-
pensions
27
-
80
-
surtax
1
-
38
-
income
67
-
286
-
health
10
-
31
-
total
133
-
518
-
Employer
398
-
1 198
-
health
18
-
55
-
pensions
53
-
160
-
unemployment
13
-
38
-
other
-
-
-
-
total
84
-
253
-
Corporate
968
1 450
-
-
income
252
377
-
-
total
252
377
-
-
Dividends
717
1 073
-
-
withholding
107
161
-
-
total
107
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
576
538
771
747
After tax
874
912
679
703
Living cost
265
265
265
265
Free-cash
609
647
414
438

Estimated living cost  is $265 per week

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

Source of data for Athens model

Close
Naples , Italy
$444
$332
$401
$417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
22
municipal
-
-
-
9
national
-
-
-
327
total
-
-
-
731
Employee
655
-
1 450
-
municipal
3
-
8
-
national
104
-
283
-
regional
9
-
20
-
social contributions
221
-
489
-
total
337
-
800
-
Employer
655
-
1 450
-
total
-
-
-
-
Corporate
795
1 450
-
-
municipal
40
72
-
-
nationa
191
348
-
-
total
231
420
-
-
Dividends
564
1 030
-
-
withholding
147
268
-
-
total
147
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
715
688
800
731
After tax
735
762
650
719
Living cost
318
318
318
318
Free-cash
417
444
332
401

Estimated living cost  is $318 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$637
$374
$344
$506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
125
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
196
total
-
-
-
744
Employee
532
-
1 082
-
solidarity contribution
-
-
-
-
social contributions
35
-
70
-
income
64
-
130
-
health
72
-
146
-
total
171
-
346
-
Employer
532
-
1 082
-
health
48
-
97
-
social contributions
133
-
271
-
total
181
-
368
-
Corporate
737
1 450
-
-
income
140
275
-
-
total
140
275
-
-
Dividends
597
1 175
-
-
withholding
90
176
-
-
total
90
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
582
451
714
744
After tax
868
999
736
706
Living cost
362
362
362
362
Free-cash
506
637
374
344

Estimated living cost  is $362 per week

$269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$433
$28
$348
$427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
286
surtax
-
-
-
-
unemployment
-
-
-
72
chamber of commerce
-
-
-
6
health
-
-
-
106
pensions
-
-
-
255
total
-
-
-
725
Employee
516
471
1 126
-
other
5
5
11
-
unemployment
15
14
34
-
pensions
53
48
115
-
income
46
35
246
-
health
20
18
44
-
total
139
120
450
-
Employer
516
471
1 126
-
chamber of commerce
2
2
5
-
health
20
18
43
-
pensions
65
59
141
-
accident
7
6
15
-
unemployment
15
14
34
-
surtax
-
-
-
-
payroll
15
14
34
-
other
25
22
53
-
total
149
135
325
-
Corporate
785
844
1 081
-
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.

196
211
270
-
total
196
211
270
-
Dividends
589
633
-
-
withholding
162
174
-
-
total
162
174
-
-
Income
1 450
1 450
1 450
1 450
Total tax
646
640
1 045
725
After tax
804
810
405
725
Living cost
377
377
377
377
Free-cash
427
433
28
348

Estimated living cost  is $377 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1227
$1009
$1284
$1198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
189
-
1 450
-
income
38
-
290
-
total
38
-
290
-
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%.

1 261
1 450
-
-
total
-
-
-
-
Dividends
1 261
1 450
-
-
withholding
63
72
-
-
total
63
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
101
72
290
15
After tax
1 349
1 378
1 160
1 435
Living cost
151
151
151
151
Free-cash
1 198
1 227
1 009
1 284

Estimated living cost  is $151 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$682
$379
$421
$582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 450
income
-
-
-
302
unemployment
-
-
-
2
health
-
-
-
143
pensions
-
-
-
265
total
-
-
-
712
Employee

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

522
-
1 255
-
unemployment
1
-
2
-
pensions
81
-
194
-
income
90
-
281
-
health
34
-
81
-
total
206
-
558
-
Employer

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

522
-
1 255
-
health
35
-
84
-
pensions
46
-
111
-
unemployment
-
-
1
-
total
81
-
196
-
Corporate
846
1 450
-
-
income
161
275
-
-
total
161
275
-
-
Dividends
685
1 175
-
-
withholding
103
176
-
-
total
103
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
551
451
754
712
After tax
899
999
696
738
Living cost
317
317
317
317
Free-cash
582
682
379
421

Estimated living cost  is $317 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
$371
$783
$491
-$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
-
-
-
1 450
income
-
-
-
283
social contributions
-
-
-
165
total
-
-
-
448
Employee
733
-
-
-
social contributions
60
-
9
-
income
162
-
-
-
total
222
-
9
-
Employer
733
-
-
-
social contributions
1 033
-
147
-
total
1 033
-
147
-
Corporate
-
1 450
-
-
income
-
319
-
-
total
-
319
-
-
Dividends
-
1 131
-
-
income
-
249
-
-
total
-
249
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 255
568
156
448
After tax
195
882
1 294
1 002
Living cost
511
511
511
511
Free-cash
-316
371
783
491

Estimated living cost  is $511 per week

$332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$453
$336
$427
$442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
income
-
-
-
148
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
652
Employee
543
-
1 172
-
surtax
-
-
-
-
social contributions
60
-
129
-
income
113
-
336
-
total
173
-
465
-
Employer
543
-
1 172
-
social contributions
129
-
278
-
total
129
-
278
-
Corporate
778
1 450
-
-
income
163
305
-
-
surtax
-
-
-
-
total
163
305
-
-
Dividends
614
1 145
-
-
withholding
172
321
-
-
total
172
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
637
626
743
652
After tax
813
824
707
798
Living cost
371
371
371
371
Free-cash
442
453
336
427

Estimated living cost  is $371 per week

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

Source of data for Lisbon model

Close
Paris , France
$159
$297
$256
$240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
176
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
42
pensions
-
-
-
319
total
-
-
-
623
Employee
740
-
1 158
-
pensions
84
-
65
-
surtax
-
-
-
-
social contributions
21
-
33
-
income
65
-
192
-
total
170
-
290
-
Employer
740
-
1 158
-
health
52
-
89
-
pensions
122
-
113
-
unemployment
30
-
47
-
social contributions
2
-
3
-
other
26
-
40
-
total
232
-
292
-
Corporate
479
1 450
-
-
income
134
406
-
-
surtax
-
-
-
-
total
134
406
-
-
Dividends
345
1 044
-
-
surtax
-
-
-
-
social contributions
59
180
-
-
withholding
44
134
-
-
total
103
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
639
720
582
623
After tax
811
730
868
827
Living cost
571
571
571
571
Free-cash
240
159
297
256

Estimated living cost  is $571 per week

$386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$950
$772
$735
$910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
41
social contributions
-
-
-
319
total
-
-
-
360
Employee
380
-
1 255
-
income
-
-
46
-
social contributions
25
-
82
-
total
25
-
128
-
Employer
380
-
1 255
-
social contributions
59
-
195
-
total
59
-
195
-
Corporate
1 011
1 450
-
-
income
101
145
-
-
total
101
145
-
-
Dividends
910
1 305
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
185
145
323
360
After tax
1 265
1 305
1 127
1 090
Living cost
355
355
355
355
Free-cash
910
950
772
735

Estimated living cost  is $355 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1122
-$1122
$316
-$1122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
labour market
-
-
-
115
municipal
-
-
-
283
national
-
-
-
158
pensions
-
-
-
10
total
-
-
-
566
Employee
2 399
2 399
2 399
-
municipal
511
511
511
-
labour market
192
192
192
-
pensions
3
3
3
-
national
293
293
293
-
total
999
999
999
-
Employer
2 399
2 399
2 399
-
national
294
294
294
-
labour market
192
192
192
-
pensions
7
7
7
-
municipal
512
512
512
-
total
1 005
1 005
1 005
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
2 004
2 004
2 004
566
After tax
-554
-554
-554
884
Living cost
568
568
568
568
Free-cash
-1 122
-1 122
-1 122
316

Estimated living cost  is $568 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$143
$505
$734
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
373
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
456
Employee
408
-
1 266
-
pensions
46
-
91
-
income
56
-
265
-
health
47
-
145
-
total
149
-
501
-
Employer
408
-
1 266
-
pensions
66
-
132
-
accident
7
-
21
-
unemployment
10
-
31
-
total
83
-
184
-
Corporate
958
1 450
-
-
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.

863
1 305
-
-
total
863
1 305
-
-
Dividends
96
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 113
1 333
685
456
After tax
337
117
765
994
Living cost
260
260
260
260
Free-cash
77
-143
505
734

Estimated living cost  is $260 per week

$189
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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$489
$347
$546
$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

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

-
-
-
1 450
health
-
-
-
17
municipal
-
-
-
258
national
-
-
-
175
total
-
-
-
450
Employee
622
-
1 220
-
municipal
102
-
199
-
unemployment
9
-
18
-
pensions
42
-
82
-
national
10
-
106
-
health
5
-
14
-
total
168
-
419
-
Employer
622
-
1 220
-
health
5
-
9
-
pensions
108
-
212
-
accident
1
-
1
-
unemployment
4
-
8
-
total
118
-
230
-
Corporate
711
1 450
-
-
income
142
290
-
-
total
142
290
-
-
Dividends

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

427
870
-
-
municipal
77
157
-
-
national
2
60
-
-
total
79
217
-
-
Income
1 450
1 450
1 450
1 450
Total tax
507
507
649
450
After tax
943
943
801
1 000
Living cost
454
454
454
454
Free-cash
489
489
347
546

Estimated living cost  is $454 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$787
$726
$743
$722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
205
social contributions
-
-
-
191
health
-
-
-
37
total
-
-
-
433
Employee
908
908
1 324
-
social contributions
34
75
102
-
income
99
84
199
-
health
7
15
23
-
total
140
174
324
-
Employer
908
908
1 324
-
health
8
17
24
-
social contributions
34
75
102
-
total
42
92
126
-
Corporate
994
449
-
-
income
124
56
-
-
total
124
56
-
-
Dividends
870
393
-
-
withholding
148
67
-
-
total
148
67
-
-
Income
1 450
1 450
1 450
1 450
Total tax
454
389
450
433
After tax
996
1 061
1 000
1 017
Living cost
274
274
274
274
Free-cash
722
787
726
743

Estimated living cost  is $274 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1013
$764
$1002
$952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 450
income
-
-
-
142
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
75
total
-
-
-
260
Employee

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

271
-
1 335
-
unemployment
1
-
6
-
pensions
41
-
168
-
income
19
-
113
-
health
23
-
95
-
total
84
-
382
-
Employer

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

271
-
1 335
-
health
12
-
48
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
116
-
Corporate
1 151
1 450
-
-
income
104
130
-
-
total
104
130
-
-
Dividends
1 047
1 320
-
-
withholding
94
119
-
-
total
94
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
310
249
498
260
After tax
1 140
1 201
952
1 190
Living cost
188
188
188
188
Free-cash
952
1 013
764
1 002

Estimated living cost  is $188 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$649
$422
$477
$590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
319
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
648
Employee
437
-
1 101
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
51
-
income
84
-
285
-
total
112
-
354
-
Employer
437
-
1 101
-
pensions
103
-
258
-
accident
9
-
22
-
unemployment
24
-
60
-
other
3
-
9
-
total
139
-
349
-
Corporate
874
1 450
-
-
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
218
-
-
total
131
218
-
-
Dividends
743
1 232
-
-
withholding
153
258
-
-
total
153
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
535
476
703
648
After tax
915
974
747
802
Living cost
325
325
325
325
Free-cash
590
649
422
477

Estimated living cost  is $325 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
$882
$904
$906
$877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
492
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
521
Employee
35
-
1 431
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
491
-
health
2
-
4
-
total
12
-
504
-
Employer
35
-
1 431
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 407
1 450
-
-
income
310
319
-
-
total
310
319
-
-
Dividends
1 098
1 131
-
-
withholding
220
226
-
-
total
220
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
545
523
521
After tax
900
905
927
929
Living cost
23
23
23
23
Free-cash
877
882
904
906

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$843
$602
$603
$786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
income
-
-
-
313
unemployment
-
-
-
13
health
-
-
-
90
pensions
-
-
-
227
total
-
-
-
643
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.

308
-
1 294
-
unemployment
2
-
7
-
pensions
43
-
122
-
income
42
-
313
-
health
16
-
45
-
total
103
-
487
-
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.

308
-
1 294
-
health
16
-
45
-
pensions
37
-
105
-
unemployment
2
-
7
-
total
55
-
157
-
Corporate
1 087
1 450
-
-
income
163
218
-
-
total
163
218
-
-
Dividends
924
1 232
-
-
withholding
139
185
-
-
total
139
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
460
403
644
643
After tax
990
1 047
806
807
Living cost
204
204
204
204
Free-cash
786
843
602
603

Estimated living cost  is $204 per week

$138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$506
$389
$480
$503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
income
-
-
-
148
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
652
Employee
459
-
1 172
-
surtax
-
-
-
-
social contributions
50
-
129
-
income
90
-
336
-
total
140
-
465
-
Employer
459
-
1 172
-
social contributions
109
-
278
-
total
109
-
278
-
Corporate
883
1 450
-
-
income
185
305
-
-
surtax
-
-
-
-
total
185
305
-
-
Dividends
697
1 145
-
-
withholding
195
321
-
-
total
195
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
629
626
743
652
After tax
821
824
707
798
Living cost
318
318
318
318
Free-cash
503
506
389
480

Estimated living cost  is $318 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$559
$332
$387
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
319
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
648
Employee
571
-
1 101
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
51
-
income
119
-
285
-
total
156
-
354
-
Employer
571
-
1 101
-
pensions
135
-
258
-
accident
11
-
22
-
unemployment
31
-
60
-
other
5
-
9
-
total
182
-
349
-
Corporate
698
1 450
-
-
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.

105
218
-
-
total
105
218
-
-
Dividends
593
1 232
-
-
withholding
122
258
-
-
total
122
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
565
476
703
648
After tax
885
974
747
802
Living cost
415
415
415
415
Free-cash
470
559
332
387

Estimated living cost  is $415 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
$1037
$970
$920
$963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
217
unemployment
-
-
-
2
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
327
Employee
269
-
1 369
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
137
-
health
12
-
19
-
total
66
-
197
-
Employer
269
-
1 369
-
health
19
-
28
-
pensions

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

30
-
45
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
80
-
Corporate
1 128
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 015
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
210
277
327
After tax
1 166
1 240
1 173
1 123
Living cost
203
203
203
203
Free-cash
963
1 037
970
920

Estimated living cost  is $203 per week

$134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$290
$514
$385
$446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
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.

-
-
-
378
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
health

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

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

-
-
-
81
trade
-
-
-
129
total
-
-
-
609
Employee

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

588
-
1 450
-
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.

48
-
378
-
health

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

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

81
-
81
-
total
132
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
862
1 450
-
-
income
129
218
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
124
208
-
-
total
263
442
-
-
Dividends
599
1 009
-
-
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
14
-
-
withholding
145
248
-
-
total
153
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
548
704
480
609
After tax
902
746
970
841
Living cost
456
456
456
456
Free-cash
446
290
514
385

Estimated living cost  is $456 per week

$315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$342
$257
$257
$368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
385
social contributions
-
-
-
135
total
-
-
-
520
Employee
924
-
1 450
-
income
174
-
385
-
social contributions
77
-
135
-
total
251
-
520
-
Employer
924
-
1 450
-
total
-
-
-
-
Corporate
526
1 450
-
-
income
66
181
-
-
total
66
181
-
-
Dividends
460
1 269
-
-
withholding
92
254
-
-
total
92
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
409
435
520
520
After tax
1 041
1 015
930
930
Living cost
673
673
673
673
Free-cash
368
342
257
257

Estimated living cost  is $673 per week

$512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$451
$641
$613
$493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
income
-
-
-
336
health

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

-
-
-
72
total
-
-
-
408
Employee
542
-
1 396
-
income
59
-
272
-
social contributions
54
-
54
-
total
113
-
326
-
Employer
542
-
1 396
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
854
1 450
-
-
income
299
508
-
-
total
299
508
-
-
Dividends
555
942
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 450
1 450
1 450
1 450
Total tax
528
570
380
408
After tax
922
880
1 070
1 042
Living cost
429
429
429
429
Free-cash
493
451
641
613

Estimated living cost  is $429 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$579
$438
$572
$585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
349
pensions
-
-
-
93
total
-
-
-
442
Employee
598
-
1 272
-
pensions
46
-
119
-
income
109
-
259
-
health
8
-
21
-
total
163
-
399
-
Employer
598
-
1 272
-
health
11
-
24
-
pensions
60
-
153
-
total
71
-
177
-
Corporate
780
1 450
-
-
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
276
-
-
total
148
276
-
-
Dividends
632
1 174
-
-
withholding
47
159
-
-
total
47
159
-
-
Income
1 450
1 450
1 450
1 450
Total tax
429
435
576
442
After tax
1 021
1 015
874
1 008
Living cost
436
436
436
436
Free-cash
585
579
438
572

Estimated living cost  is $436 per week

$299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$168
$480
$709
$74
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
373
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
456
Employee
449
-
1 266
-
pensions
51
-
91
-
income
62
-
265
-
health
51
-
145
-
total
164
-
501
-
Employer
449
-
1 266
-
pensions
73
-
132
-
accident
7
-
21
-
unemployment
11
-
31
-
total
91
-
184
-
Corporate
910
1 450
-
-
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.

819
1 305
-
-
total
819
1 305
-
-
Dividends
91
145
-
-
withholding
17
28
-
-
total
17
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 091
1 333
685
456
After tax
359
117
765
994
Living cost
285
285
285
285
Free-cash
74
-168
480
709

Estimated living cost  is $285 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1061
$801
$663
$1007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 450
income
-
-
-
230
unemployment
-
-
-
17
work injury
-
-
-
7
health insurance
-
-
-
107
pensions
-
-
-
267
total
-
-
-
628
Employee

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

255
-
1 450
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
174
-
income
25
-
230
-
total
95
-
490
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 195
1 450
-
-
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
15
-
-
total
12
15
-
-
Dividends
1 183
1 435
-
-
withholding
177
215
-
-
total
177
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
230
490
628
After tax
1 166
1 220
960
822
Living cost
159
159
159
159
Free-cash
1 007
1 061
801
663

Estimated living cost  is $159 per week

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

Source of data for Skopje model

Close
Rome , Italy
$293
$171
$238
$239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
31
municipal
-
-
-
10
national
-
-
-
327
total
-
-
-
741
Employee
995
-
1 450
-
municipal
6
-
9
-
national
168
-
283
-
regional
15
-
27
-
social contributions
336
-
489
-
total
525
-
808
-
Employer
995
-
1 450
-
total
-
-
-
-
Corporate
455
1 450
-
-
municipal
22
70
-
-
nationa
109
348
-
-
total
131
418
-
-
Dividends
324
1 032
-
-
withholding
84
268
-
-
total
84
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
740
686
808
741
After tax
710
764
642
709
Living cost
471
471
471
471
Free-cash
239
293
171
238

Estimated living cost  is $471 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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