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
$379
$509
$471
$614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
143
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.

-
-
-
381
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.

-
-
-
80
surtax

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

-
-
-
21
total
-
-
-
625
Employee

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

447
-
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.

12
-
381
-
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
-
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.

80
-
80
-
total
93
-
482
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 003
1 450
-
-
income
150
217
-
-
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
-
-
trade
158
228
-
-
chamber of commerce
3
4
-
-
total
319
461
-
-
Dividends
683
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
166
243
-
-
total
175
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
587
717
482
625
After tax
863
733
968
825
Living cost
354
354
354
354
Free-cash
509
379
614
471

Estimated living cost  is $354 per week

$223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$271
$260
$234
$247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
154
national
-
-
-
238
pensions
-
-
-
174
social contributions
-
-
-
16
total
-
-
-
582
Employee
983
-
1 254
-
national
188
-
247
-
pensions
39
-
50
-
municipal
121
-
159
-
total
348
-
456
-
Employer
983
-
1 254
-
social contributions
11
-
13
-
pensions
79
-
100
-
total
90
-
113
-
Corporate
313
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%.

63
290
-
-
total
63
290
-
-
Dividends
250
1 160
-
-
withholding
55
255
-
-
total
55
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
545
569
582
After tax
894
905
881
868
Living cost
634
634
634
634
Free-cash
260
271
247
234

Estimated living cost  is $634 per week

$431
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.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$917
$821
$172
$571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
217
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.

-
-
-
448
total
-
-
-
1 035
Employee
342
-
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.

38
-
129
-
income
61
-
226
-
surtax
-
-
-
-
total
99
-
355
-
Employer
342
-
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.

82
-
281
-
surtax
-
-
-
-
total
82
-
281
-
Corporate
1 026
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%.

205
290
-
-
total
205
290
-
-
Dividends

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

821
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
386
290
636
1 035
After tax
1 064
1 160
814
415
Living cost
243
243
243
243
Free-cash
821
917
571
172

Estimated living cost  is $243 per week

$155
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$221
$148
$344
$300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
335
health
-
-
-
144
pensions
-
-
-
137
total
-
-
-
616
Employee
998
998
1 234
-
pensions
180
137
137
-
income

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

163
163
163
-
health
153
130
144
-
total
496
430
444
-
Employer
998
998
1 234
-
health
69
69
86
-
pensions
69
69
86
-
unemployment
36
36
44
-
total
174
174
216
-
Corporate
289
277
-
-
income
58
55
-
-
total
58
55
-
-
Dividends
231
221
-
-
income
49
47
-
-
withholding
35
33
-
-
total
84
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
812
739
660
616
After tax
638
711
790
834
Living cost
490
490
490
490
Free-cash
148
221
300
344

Estimated living cost  is $490 per week

$347
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$326
$315
$306
$293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
344
national
-
-
-
38
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
64
pensions
-
-
-
110
other
-
-
-
119
total
-
-
-
678
Employee
664
-
1 129
-
national
-
-
33
-
municipal
198
-
337
-
total
198
-
370
-
Employer
664
-
1 129
-
health
41
-
63
-
pensions
72
-
110
-
accident
1
-
2
-
other
77
-
119
-
unemployment
18
-
27
-
total
209
-
321
-
Corporate
577
1 450
-
-
income
127
319
-
-
total
127
319
-
-
Dividends
450
1 131
-
-
withholding
135
339
-
-
total
135
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
669
658
691
678
After tax
781
792
759
772
Living cost
466
466
466
466
Free-cash
315
326
293
306

Estimated living cost  is $466 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$266
$429
$360
$509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
149
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.

-
-
-
381
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.

-
-
-
80
surtax

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

-
-
-
21
total
-
-
-
631
Employee

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

593
-
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.

51
-
381
-
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
-
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.

80
-
80
-
total
134
-
482
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
857
1 450
-
-
income
129
217
-
-
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
-
-
trade
141
239
-
-
chamber of commerce
3
4
-
-
total
280
472
-
-
Dividends
577
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
140
240
-
-
total
148
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
562
725
482
631
After tax
888
725
968
819
Living cost
459
459
459
459
Free-cash
429
266
509
360

Estimated living cost  is $459 per week

$307
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$681
$632
$637
$620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
208
health
-
-
-
37
social contributions
-
-
-
189
total
-
-
-
434
Employee
899
899
1 325
-
social contributions
44
75
101
-
income
94
83
201
-
health
9
15
23
-
total
147
173
325
-
Employer
899
899
1 325
-
social contributions
44
75
101
-
health
10
17
25
-
total
54
92
126
-
Corporate
870
460
-
-
income
109
57
-
-
total
109
57
-
-
Dividends
762
402
-
-
withholding
129
68
-
-
total
129
68
-
-
Income
1 450
1 450
1 450
1 450
Total tax
439
390
451
434
After tax
1 011
1 060
999
1 016
Living cost
379
379
379
379
Free-cash
632
681
620
637

Estimated living cost  is $379 per week

$259
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$587
$593
$776
$612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
22
income
-
-
-
177
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.

330
131
1 213
-
pensions
33
13
121
-
unemployment
5
2
18
-
income
40
16
148
-
health
23
9
85
-
total
101
40
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.

330
131
1 213
-
pensions
64
26
237
-
total
64
26
237
-
Corporate
1 055
1 293
-
-
income
95
116
-
-
total
95
116
-
-
Dividends
960
1 177
-
-
social contributions
186
228
-
-
withholding
182
224
-
-
total
368
452
-
-
Income
1 450
1 450
1 450
1 450
Total tax
628
634
609
445
After tax
822
816
841
1 005
Living cost
229
229
229
229
Free-cash
593
587
612
776

Estimated living cost  is $229 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Budapest model

Close
Tallinn , Estonia
$878
$806
$496
$553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
332
-
1 084
-
pensions
7
-
22
-
unemployment
5
-
17
-
income
37
-
209
-
total
49
-
248
-
Employer
332
-
1 084
-
health
43
-
141
-
pensions
66
-
217
-
unemployment
3
-
9
-
total
112
-
367
-
Corporate
1 006
1 450
-
-
income
201
290
-
-
total
201
290
-
-
Dividends
805
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
362
290
615
672
After tax
1 088
1 160
835
778
Living cost
282
282
282
282
Free-cash
806
878
553
496

Estimated living cost  is $282 per week

$194
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.
$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 Tallinn model

Close
Gdansk , Poland
-$138
$79
$739
$513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
376
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
456
Employee
401
-
1 270
-
pensions
45
-
88
-
income
55
-
269
-
health
46
-
145
-
total
146
-
502
-
Employer
401
-
1 270
-
pensions
65
-
128
-
accident
7
-
21
-
unemployment
10
-
31
-
total
82
-
180
-
Corporate
967
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.

870
1 305
-
-
total
870
1 305
-
-
Dividends
97
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 116
1 333
682
456
After tax
334
117
768
994
Living cost
255
255
255
255
Free-cash
79
-138
513
739

Estimated living cost  is $255 per week

$187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1276
$1258
$1335
$1059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
14
total
-
-
-
14
Employee
126
-
1 450
-
income
25
-
290
-
total
25
-
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%.

1 324
1 450
-
-
total
-
-
-
-
Dividends
1 324
1 450
-
-
withholding
66
73
-
-
total
66
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
91
73
290
14
After tax
1 359
1 377
1 160
1 436
Living cost
101
101
101
101
Free-cash
1 258
1 276
1 059
1 335

Estimated living cost  is $101 per week

$63
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$754
$675
$464
$524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
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
other
-
-
-
69
total
-
-
-
674
Employee
425
-
1 158
-
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
-
unemployment
4
-
12
-
income
73
-
213
-
health
6
-
16
-
total
113
-
322
-
Employer
425
-
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.

72
-
197
-
accident
3
-
9
-
other
21
-
58
-
unemployment
4
-
12
-
total
106
-
292
-
Corporate
919
1 450
-
-
income
193
304
-
-
total
193
304
-
-
Dividends
726
1 146
-
-
withholding
51
80
-
-
total
51
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
463
384
614
674
After tax
987
1 066
836
776
Living cost
312
312
312
312
Free-cash
675
754
524
464

Estimated living cost  is $312 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$230
$139
$222
$87
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
348
pensions
-
-
-
93
total
-
-
-
441
Employee
1 113
-
1 272
-
pensions
107
-
119
-
income
201
-
259
-
health
18
-
21
-
total
326
-
399
-
Employer
1 113
-
1 272
-
health
21
-
24
-
pensions
131
-
153
-
total
152
-
177
-
Corporate
184
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.

35
275
-
-
total
35
275
-
-
Dividends
149
1 175
-
-
withholding
11
158
-
-
total
11
158
-
-
Income
1 450
1 450
1 450
1 450
Total tax
524
433
576
441
After tax
926
1 017
874
1 009
Living cost
787
787
787
787
Free-cash
139
230
87
222

Estimated living cost  is $787 per week

$590
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
$1086
$1032
$968
$1019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
218
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
328
Employee
204
-
1 369
-
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
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
total
49
-
197
-
Employer
204
-
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
121
145
-
-
total
121
145
-
-
Dividends
1 085
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
264
210
277
328
After tax
1 186
1 240
1 173
1 122
Living cost
154
154
154
154
Free-cash
1 032
1 086
1 019
968

Estimated living cost  is $154 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
$63
$92
$186
$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
-
-
-
335
health
-
-
-
144
pensions
-
-
-
137
total
-
-
-
616
Employee
1 084
998
1 234
-
pensions
137
137
137
-
income

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

163
163
163
-
health
135
130
144
-
total
435
430
444
-
Employer
1 084
998
1 234
-
health
75
69
86
-
pensions
75
69
86
-
unemployment
39
36
44
-
total
189
174
216
-
Corporate
176
277
-
-
income
35
55
-
-
total
35
55
-
-
Dividends
141
221
-
-
income
30
47
-
-
withholding
21
33
-
-
total
51
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
710
739
660
616
After tax
740
711
790
834
Living cost
648
648
648
648
Free-cash
92
63
142
186

Estimated living cost  is $648 per week

$478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$708
$603
$419
$445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
125
health
-
-
-
196
social contributions
-
-
-
419
total
-
-
-
740
Employee
428
-
1 082
-
social contributions
28
-
70
-
income
51
-
130
-
solidarity contribution
-
-
-
-
health
58
-
146
-
total
137
-
346
-
Employer
428
-
1 082
-
social contributions
107
-
271
-
health
38
-
97
-
total
145
-
368
-
Corporate
877
1 450
-
-
income
167
275
-
-
total
167
275
-
-
Dividends
710
1 175
-
-
withholding
107
176
-
-
total
107
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
451
714
740
After tax
894
999
736
710
Living cost
291
291
291
291
Free-cash
603
708
445
419

Estimated living cost  is $291 per week

$202
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.
$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 Brno model

Close
Milan , Italy
$280
$219
$231
$162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9
national
-
-
-
328
regional
-
-
-
16
social contributions
-
-
-
373
total
-
-
-
726
Employee
1 039
-
1 450
-
national
180
-
284
-
social contributions
350
-
489
-
municipal
6
-
8
-
regional
10
-
14
-
total
546
-
795
-
Employer
1 039
-
1 450
-
total
-
-
-
-
Corporate
411
1 450
-
-
municipal
16
57
-
-
nationa
99
348
-
-
total
115
405
-
-
Dividends
296
1 045
-
-
withholding
77
272
-
-
total
77
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
738
677
795
726
After tax
712
773
655
724
Living cost
493
493
493
493
Free-cash
219
280
162
231

Estimated living cost  is $493 per week

$344
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$654
$617
$444
$419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3
income
-
-
-
310
health
-
-
-
103
surtax
-
-
-
42
pensions
-
-
-
290
other
-
-
-
-
total
-
-
-
748
Employee
387
-
1 198
-
pensions
26
-
80
-
unemployment
27
-
83
-
income
65
-
288
-
other
-
-
-
-
surtax
1
-
38
-
health
10
-
31
-
total
129
-
520
-
Employer
387
-
1 198
-
health
18
-
55
-
pensions
52
-
160
-
other
-
-
-
-
unemployment
12
-
38
-
total
82
-
253
-
Corporate
982
1 450
-
-
income
255
377
-
-
total
255
377
-
-
Dividends
727
1 073
-
-
withholding
109
161
-
-
total
109
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
575
538
773
748
After tax
875
912
677
702
Living cost
258
258
258
258
Free-cash
617
654
419
444

Estimated living cost  is $258 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$479
$456
$471
$336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
348
pensions
-
-
-
93
total
-
-
-
441
Employee
746
-
1 272
-
pensions
63
-
119
-
income
134
-
259
-
health
11
-
21
-
total
208
-
399
-
Employer
746
-
1 272
-
health
14
-
24
-
pensions
81
-
153
-
total
95
-
177
-
Corporate
609
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
275
-
-
total
116
275
-
-
Dividends
493
1 175
-
-
withholding
37
158
-
-
total
37
158
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
433
576
441
After tax
994
1 017
874
1 009
Living cost
538
538
538
538
Free-cash
456
479
336
471

Estimated living cost  is $538 per week

$403
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
-$251
$141
$286
$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
city
-
-
-
15
national
-
-
-
13
regional
-
-
-
57
health
-
-
-
3
pensions
-
-
-
133
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
total
-
-
-
250
Employee
1 070
-
1 298
-
national
5
-
10
-
city
11
-
14
-
pensions
90
-
109
-
unemployment
-
-
-
-
health
2
-
3
-
regional
35
-
49
-
total
143
-
185
-
Employer
1 070
-
1 298
-
health
2
-
3
-
pensions
90
-
109
-
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.

21
-
26
-
unemployment
-
-
-
-
total
113
-
138
-
Corporate
255
1 450
-
-
national
22
123
-
-
regional
54
307
-
-
total
76
430
-
-
Dividends
179
1 020
-
-
withholding
63
357
-
-
total
63
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
395
787
323
250
After tax
1 055
663
1 127
1 200
Living cost
914
914
914
914
Free-cash
141
-251
213
286

Estimated living cost  is $914 per week

$594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$181
$370
$277
$432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
155
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.

-
-
-
381
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.

-
-
-
80
surtax

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

-
-
-
21
total
-
-
-
637
Employee

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

703
-
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.

83
-
381
-
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
-
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.

80
-
80
-
total
168
-
482
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
747
1 450
-
-
income
112
217
-
-
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
-
-
trade
128
249
-
-
chamber of commerce
3
4
-
-
total
249
482
-
-
Dividends
498
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
120
238
-
-
total
127
251
-
-
Income
1 450
1 450
1 450
1 450
Total tax
544
733
482
637
After tax
906
717
968
813
Living cost
536
536
536
536
Free-cash
370
181
432
277

Estimated living cost  is $536 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$330
$400
$427
$465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
178
health
-
-
-
42
surtax
-
-
-
-
pensions
-
-
-
317
other
-
-
-
45
social contributions
-
-
-
41
total
-
-
-
623
Employee
500
-
1 157
-
pensions
57
-
66
-
social contributions
14
-
33
-
income
30
-
193
-
surtax
-
-
-
-
total
101
-
292
-
Employer
500
-
1 157
-
social contributions
2
-
3
-
health
35
-
90
-
pensions
82
-
113
-
other
17
-
40
-
unemployment
20
-
47
-
total
156
-
293
-
Corporate
793
1 450
-
-
income
222
406
-
-
surtax
-
-
-
-
total
222
406
-
-
Dividends
571
1 044
-
-
social contributions
98
180
-
-
surtax
-
-
-
-
withholding
73
134
-
-
total
171
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
650
720
585
623
After tax
800
730
865
827
Living cost
400
400
400
400
Free-cash
400
330
465
427

Estimated living cost  is $400 per week

$252
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.
$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 Nice model

Close
Marseille , France
$370
$436
$467
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
178
health
-
-
-
42
surtax
-
-
-
-
pensions
-
-
-
317
other
-
-
-
45
social contributions
-
-
-
41
total
-
-
-
623
Employee
447
-
1 157
-
pensions
51
-
66
-
social contributions
13
-
33
-
income
23
-
193
-
surtax
-
-
-
-
total
87
-
292
-
Employer
447
-
1 157
-
social contributions
1
-
3
-
health
31
-
90
-
pensions
73
-
113
-
other
15
-
40
-
unemployment
18
-
47
-
total
138
-
293
-
Corporate
864
1 450
-
-
income
242
406
-
-
surtax
-
-
-
-
total
242
406
-
-
Dividends
622
1 044
-
-
social contributions
107
180
-
-
surtax
-
-
-
-
withholding
80
134
-
-
total
187
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
654
720
585
623
After tax
796
730
865
827
Living cost
360
360
360
360
Free-cash
436
370
505
467

Estimated living cost  is $360 per week

$209
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.
$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 Marseille model

Close
Vilnius , Lithuania
$636
$642
$684
$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
-
-
-
217
health
-
-
-
101
social contributions
-
-
-
200
total
-
-
-
518
Employee
396
-
1 450
-
social contributions
55
-
200
-
income
66
-
229
-
health
28
-
101
-
total
149
-
530
-
Employer
396
-
1 450
-
total
-
-
-
-
Corporate
1 054
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%.

53
73
-
-
total
53
73
-
-
Dividends
1 001
1 377
-
-
social contributions
138
190
-
-
health
70
96
-
-
withholding
150
207
-
-
total
358
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
566
530
518
After tax
890
884
920
932
Living cost
248
248
248
248
Free-cash
642
636
672
684

Estimated living cost  is $248 per week

$166
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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$396
$376
$312
-$9
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
72
income
-
-
-
289
chamber of commerce
-
-
-
6
health
-
-
-
104
surtax
-
-
-
2
pensions
-
-
-
253
total
-
-
-
726
Employee
584
466
1 124
-
pensions
60
48
115
-
unemployment
18
14
34
-
income
67
34
247
-
other
6
5
11
-
health
23
18
44
-
total
174
119
451
-
Employer
584
466
1 124
-
chamber of commerce
2
2
5
-
health
22
18
42
-
payroll
18
14
34
-
pensions
73
58
141
-
surtax
2
2
2
-
accident
8
6
15
-
other
28
22
53
-
unemployment
18
14
34
-
total
171
136
326
-
Corporate
695
848
1 080
-
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.

174
212
270
-
total
174
212
270
-
Dividends
521
636
-
-
withholding
143
175
-
-
total
143
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
662
642
1 047
726
After tax
788
808
403
724
Living cost
412
412
412
412
Free-cash
376
396
-9
312

Estimated living cost  is $412 per week

$275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$386
$212
$225
$118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
495
communal

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

-
-
-
73
social contributions
-
-
-
231
total
-
-
-
799
Employee

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

836
-
1 123
-
national
257
-
373
-
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
-
communal

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

44
-
59
-
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
-
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.

39
-
53
-
total
410
-
579
-
Employer

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

836
-
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.

51
-
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.

74
-
100
-
surtax
95
-
127
-
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
-
total
243
-
327
-
Corporate
370
1 450
-
-
income
74
290
-
-
surtax
1
6
-
-
total
75
296
-
-
Dividends
295
1 154
-
-
withholding

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

84
342
-
-
total
84
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
812
638
906
799
After tax
638
812
544
651
Living cost
426
426
426
426
Free-cash
212
386
118
225

Estimated living cost  is $426 per week

$275
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.
$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 Brussels model

Close
Barcelona , Spain
$552
$461
$381
$325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
321
pensions
-
-
-
307
other
-
-
-
1
total
-
-
-
647
Employee
582
-
1 105
-
pensions
27
-
51
-
unemployment
9
-
17
-
income
123
-
288
-
other
1
-
1
-
total
160
-
357
-
Employer
582
-
1 105
-
pensions
137
-
256
-
accident
12
-
21
-
other
5
-
9
-
unemployment
32
-
60
-
total
186
-
346
-
Corporate
683
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.

102
217
-
-
total
102
217
-
-
Dividends
580
1 233
-
-
withholding
119
259
-
-
total
119
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
567
476
703
647
After tax
883
974
747
803
Living cost
422
422
422
422
Free-cash
461
552
325
381

Estimated living cost  is $422 per week

$311
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$241
$128
$150
$206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
12
income
-
-
-
170
communal
-
-
-
92
health
-
-
-
102
surtax
-
-
-
72
pensions
-
-
-
217
total
-
-
-
665
Employee
885
-
1 295
-
pensions
71
-
104
-
income
86
-
212
-
surtax
54
-
79
-
health
39
-
58
-
total
250
-
453
-
Employer
885
-
1 295
-
health
27
-
40
-
pensions
71
-
104
-
accident
8
-
12
-
total
106
-
156
-
Corporate
459
1 450
-
-
income
69
217
-
-
surtax
5
15
-
-
communal
31
98
-
-
total
105
330
-
-
Dividends
354
1 119
-
-
income
173
76
-
-
withholding
53
168
-
-
total
226
244
-
-
Income
1 450
1 450
1 450
1 450
Total tax
687
574
609
665
After tax
763
876
841
785
Living cost
635
635
635
635
Free-cash
128
241
206
150

Estimated living cost  is $635 per week

$477
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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$649
$614
$439
$414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
unemployment
-
-
-
3
income
-
-
-
310
health
-
-
-
103
surtax
-
-
-
42
pensions
-
-
-
290
other
-
-
-
-
total
-
-
-
748
Employee
394
-
1 198
-
pensions
26
-
80
-
unemployment
27
-
83
-
income
66
-
288
-
other
-
-
-
-
surtax
1
-
38
-
health
10
-
31
-
total
130
-
520
-
Employer
394
-
1 198
-
health
18
-
55
-
pensions
52
-
160
-
other
-
-
-
-
unemployment
12
-
38
-
total
82
-
253
-
Corporate
973
1 450
-
-
income
253
377
-
-
total
253
377
-
-
Dividends
720
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
573
538
773
748
After tax
877
912
677
702
Living cost
263
263
263
263
Free-cash
614
649
414
439

Estimated living cost  is $263 per week

$159
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$447
$421
$403
$334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9
national
-
-
-
328
regional
-
-
-
22
social contributions
-
-
-
373
total
-
-
-
732
Employee
649
-
1 450
-
national
103
-
284
-
social contributions
219
-
489
-
municipal
3
-
8
-
regional
9
-
20
-
total
334
-
801
-
Employer
649
-
1 450
-
total
-
-
-
-
Corporate
801
1 450
-
-
municipal
40
72
-
-
nationa
192
348
-
-
total
232
420
-
-
Dividends
569
1 030
-
-
withholding
148
268
-
-
total
148
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
714
688
801
732
After tax
736
762
649
718
Living cost
315
315
315
315
Free-cash
421
447
334
403

Estimated living cost  is $315 per week

$196
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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$641
$514
$352
$378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
125
health
-
-
-
196
social contributions
-
-
-
419
total
-
-
-
740
Employee
527
-
1 082
-
social contributions
34
-
70
-
income
63
-
130
-
solidarity contribution
-
-
-
-
health
71
-
146
-
total
168
-
346
-
Employer
527
-
1 082
-
social contributions
132
-
271
-
health
47
-
97
-
total
179
-
368
-
Corporate
744
1 450
-
-
income
141
275
-
-
total
141
275
-
-
Dividends
602
1 175
-
-
withholding
90
176
-
-
total
90
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
578
451
714
740
After tax
872
999
736
710
Living cost
358
358
358
358
Free-cash
514
641
378
352

Estimated living cost  is $358 per week

$267
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
$436
$432
$353
$31
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
72
income
-
-
-
289
chamber of commerce
-
-
-
6
health
-
-
-
104
surtax
-
-
-
-
pensions
-
-
-
253
total
-
-
-
724
Employee
511
466
1 126
-
pensions
52
48
115
-
unemployment
15
14
34
-
income
46
34
247
-
other
5
5
11
-
health
20
18
44
-
total
138
119
451
-
Employer
511
466
1 126
-
chamber of commerce
2
2
5
-
health
19
18
43
-
payroll
15
14
34
-
pensions
64
58
141
-
surtax
-
-
-
-
accident
7
6
15
-
other
24
22
53
-
unemployment
15
14
34
-
total
146
134
325
-
Corporate
792
850
1 082
-
income

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

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

198
213
270
-
total
198
213
270
-
Dividends
594
637
-
-
withholding
163
175
-
-
total
163
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
645
641
1 046
724
After tax
805
809
404
726
Living cost
373
373
373
373
Free-cash
432
436
31
353

Estimated living cost  is $373 per week

$224
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1220
$1191
$1279
$1003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
14
total
-
-
-
14
Employee
197
-
1 450
-
income
39
-
290
-
total
39
-
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%.

1 253
1 450
-
-
total
-
-
-
-
Dividends
1 253
1 450
-
-
withholding
63
73
-
-
total
63
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
102
73
290
14
After tax
1 348
1 377
1 160
1 436
Living cost
157
157
157
157
Free-cash
1 191
1 220
1 003
1 279

Estimated living cost  is $157 per week

$107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$685
$587
$424
$382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
2
income
-
-
-
302
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.

517
-
1 255
-
pensions
80
-
194
-
unemployment
1
-
2
-
income
89
-
281
-
health
33
-
81
-
total
203
-
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.

517
-
1 255
-
health
34
-
84
-
pensions
46
-
111
-
unemployment
-
-
1
-
total
80
-
196
-
Corporate
853
1 450
-
-
income
162
275
-
-
total
162
275
-
-
Dividends
691
1 175
-
-
withholding
104
176
-
-
total
104
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
549
451
754
712
After tax
901
999
696
738
Living cost
314
314
314
314
Free-cash
587
685
382
424

Estimated living cost  is $314 per week

$215
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$332
-$451
$452
$733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
789
-
-
-
social contributions
65
-
9
-
income
174
-
-
-
total
239
-
9
-
Employer
789
-
-
-
social contributions
1 112
-
158
-
total
1 112
-
158
-
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
1 351
568
167
448
After tax
99
882
1 283
1 002
Living cost
550
550
550
550
Free-cash
-451
332
733
452

Estimated living cost  is $550 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$52
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.
$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

Source of data for Oslo model

Close
Lisbon , Portugal
$458
$445
$430
$339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
149
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
653
Employee
538
-
1 172
-
social contributions
59
-
129
-
income
112
-
337
-
surtax
-
-
-
-
total
171
-
466
-
Employer
538
-
1 172
-
social contributions
128
-
278
-
total
128
-
278
-
Corporate
785
1 450
-
-
income
165
304
-
-
surtax
-
-
-
-
total
165
304
-
-
Dividends
620
1 146
-
-
withholding
174
321
-
-
total
174
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
625
744
653
After tax
812
825
706
797
Living cost
367
367
367
367
Free-cash
445
458
339
430

Estimated living cost  is $367 per week

$274
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
$165
$246
$262
$300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
178
health
-
-
-
42
surtax
-
-
-
-
pensions
-
-
-
317
other
-
-
-
45
social contributions
-
-
-
41
total
-
-
-
623
Employee
732
-
1 157
-
pensions
83
-
66
-
social contributions
21
-
33
-
income
64
-
193
-
surtax
-
-
-
-
total
168
-
292
-
Employer
732
-
1 157
-
social contributions
2
-
3
-
health
51
-
90
-
pensions
120
-
113
-
other
25
-
40
-
unemployment
30
-
47
-
total
228
-
293
-
Corporate
489
1 450
-
-
income
137
406
-
-
surtax
-
-
-
-
total
137
406
-
-
Dividends
352
1 044
-
-
social contributions
61
180
-
-
surtax
-
-
-
-
withholding
45
134
-
-
total
106
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
639
720
585
623
After tax
811
730
865
827
Living cost
565
565
565
565
Free-cash
246
165
300
262

Estimated living cost  is $565 per week

$382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$954
$915
$738
$776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
42
social contributions
-
-
-
319
total
-
-
-
361
Employee
376
-
1 255
-
social contributions
24
-
82
-
income
-
-
46
-
total
24
-
128
-
Employer
376
-
1 255
-
social contributions
58
-
195
-
total
58
-
195
-
Corporate
1 016
1 450
-
-
income
102
145
-
-
total
102
145
-
-
Dividends
914
1 305
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
184
145
323
361
After tax
1 266
1 305
1 127
1 089
Living cost
351
351
351
351
Free-cash
915
954
776
738

Estimated living cost  is $351 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$1092
-$1092
$321
-$1092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
284
national
-
-
-
158
labour market
-
-
-
115
pensions
-
-
-
10
total
-
-
-
567
Employee
2 372
2 372
2 372
-
national
290
290
290
-
pensions
3
3
3
-
municipal
505
505
505
-
labour market
189
189
189
-
total
987
987
987
-
Employer
2 372
2 372
2 372
-
municipal
506
506
506
-
labour market
190
190
190
-
national
290
290
290
-
pensions
7
7
7
-
total
993
993
993
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 980
1 980
1 980
567
After tax
-530
-530
-530
883
Living cost
562
562
562
562
Free-cash
-1 092
-1 092
-1 092
321

Estimated living cost  is $562 per week

$385
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.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$134
$78
$743
$517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
376
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
456
Employee
395
-
1 270
-
pensions
45
-
88
-
income
54
-
269
-
health
45
-
145
-
total
144
-
502
-
Employer
395
-
1 270
-
pensions
64
-
128
-
accident
7
-
21
-
unemployment
10
-
31
-
total
81
-
180
-
Corporate
974
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.

877
1 305
-
-
total
877
1 305
-
-
Dividends
97
145
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 121
1 333
682
456
After tax
329
117
768
994
Living cost
251
251
251
251
Free-cash
78
-134
517
743

Estimated living cost  is $251 per week

$183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$493
$493
$550
$351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
258
national
-
-
-
176
health
-
-
-
17
total
-
-
-
451
Employee
615
-
1 220
-
national
10
-
107
-
pensions
42
-
82
-
unemployment
9
-
18
-
municipal
101
-
199
-
health
5
-
14
-
total
167
-
420
-
Employer
615
-
1 220
-
health
5
-
9
-
pensions
107
-
212
-
accident
1
-
1
-
unemployment
4
-
8
-
total
117
-
230
-
Corporate
719
1 450
-
-
income
144
290
-
-
total
144
290
-
-
Dividends

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

431
870
-
-
municipal
78
157
-
-
national
2
61
-
-
total
80
218
-
-
Income
1 450
1 450
1 450
1 450
Total tax
508
508
650
451
After tax
942
942
800
999
Living cost
449
449
449
449
Free-cash
493
493
351
550

Estimated living cost  is $449 per week

$293
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$789
$724
$745
$728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
208
health
-
-
-
37
social contributions
-
-
-
189
total
-
-
-
434
Employee
899
899
1 325
-
social contributions
34
75
101
-
income
98
83
201
-
health
7
15
23
-
total
139
173
325
-
Employer
899
899
1 325
-
social contributions
34
75
101
-
health
8
17
25
-
total
42
92
126
-
Corporate
999
460
-
-
income
125
57
-
-
total
125
57
-
-
Dividends
874
402
-
-
withholding
149
68
-
-
total
149
68
-
-
Income
1 450
1 450
1 450
1 450
Total tax
455
390
451
434
After tax
995
1 060
999
1 016
Living cost
271
271
271
271
Free-cash
724
789
728
745

Estimated living cost  is $271 per week

$162
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$1014
$955
$1005
$769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
-
income
-
-
-
143
health
-
-
-
42
pensions
-
-
-
74
total
-
-
-
259
Employee

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

268
-
1 336
-
pensions
40
-
166
-
unemployment
1
-
6
-
income
18
-
114
-
health
23
-
94
-
total
82
-
380
-
Employer

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

268
-
1 336
-
health
12
-
48
-
pensions
15
-
61
-
unemployment
1
-
6
-
total
28
-
115
-
Corporate
1 154
1 450
-
-
income
104
131
-
-
total
104
131
-
-
Dividends
1 050
1 319
-
-
withholding
95
119
-
-
total
95
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
309
250
495
259
After tax
1 141
1 200
955
1 191
Living cost
186
186
186
186
Free-cash
955
1 014
769
1 005

Estimated living cost  is $186 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$652
$594
$482
$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
-
-
-
1 450
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
321
pensions
-
-
-
307
other
-
-
-
1
total
-
-
-
647
Employee
432
-
1 105
-
pensions
20
-
51
-
unemployment
7
-
17
-
income
83
-
288
-
other
-
-
1
-
total
110
-
357
-
Employer
432
-
1 105
-
pensions
102
-
256
-
accident
9
-
21
-
other
3
-
9
-
unemployment
24
-
60
-
total
138
-
346
-
Corporate
880
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.

132
217
-
-
total
132
217
-
-
Dividends
748
1 233
-
-
withholding
154
259
-
-
total
154
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
534
476
703
647
After tax
916
974
747
803
Living cost
322
322
322
322
Free-cash
594
652
426
482

Estimated living cost  is $322 per week

$217
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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$885
$881
$912
$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
-
-
-
494
health
-
-
-
10
pensions
-
-
-
14
total
-
-
-
518
Employee
30
-
1 434
-
pensions
3
-
6
-
unemployment
-
-
1
-
income
6
-
493
-
health
2
-
4
-
total
11
-
504
-
Employer
30
-
1 434
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 413
1 450
-
-
income
311
319
-
-
total
311
319
-
-
Dividends
1 102
1 131
-
-
withholding
220
226
-
-
total
220
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
549
545
520
518
After tax
901
905
930
932
Living cost
20
20
20
20
Free-cash
881
885
910
912

Estimated living cost  is $20 per week

$12
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$6
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$845
$787
$608
$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

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
unemployment
-
-
-
13
income
-
-
-
314
health
-
-
-
89
pensions
-
-
-
224
total
-
-
-
640
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.

304
-
1 296
-
pensions
43
-
121
-
unemployment
2
-
6
-
income
42
-
314
-
health
16
-
44
-
total
103
-
485
-
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.

304
-
1 296
-
health
16
-
44
-
pensions
37
-
104
-
unemployment
2
-
6
-
total
55
-
154
-
Corporate
1 091
1 450
-
-
income
164
218
-
-
total
164
218
-
-
Dividends
927
1 232
-
-
withholding
139
185
-
-
total
139
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
461
403
639
640
After tax
989
1 047
811
810
Living cost
202
202
202
202
Free-cash
787
845
609
608

Estimated living cost  is $202 per week

$136
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.
$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 Belgrade model

Close
Porto , Portugal
$510
$504
$482
$391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
149
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
653
Employee
454
-
1 172
-
social contributions
50
-
129
-
income
89
-
337
-
surtax
-
-
-
-
total
139
-
466
-
Employer
454
-
1 172
-
social contributions
108
-
278
-
total
108
-
278
-
Corporate
888
1 450
-
-
income
187
304
-
-
surtax
-
-
-
-
total
187
304
-
-
Dividends
702
1 146
-
-
withholding
197
321
-
-
total
197
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
631
625
744
653
After tax
819
825
706
797
Living cost
315
315
315
315
Free-cash
504
510
391
482

Estimated living cost  is $315 per week

$223
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$563
$475
$392
$336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
321
pensions
-
-
-
307
other
-
-
-
1
total
-
-
-
647
Employee
565
-
1 105
-
pensions
27
-
51
-
unemployment
9
-
17
-
income
118
-
288
-
other
1
-
1
-
total
155
-
357
-
Employer
565
-
1 105
-
pensions
133
-
256
-
accident
11
-
21
-
other
5
-
9
-
unemployment
31
-
60
-
total
180
-
346
-
Corporate
705
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.

106
217
-
-
total
106
217
-
-
Dividends
600
1 233
-
-
withholding
123
259
-
-
total
123
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
564
476
703
647
After tax
886
974
747
803
Living cost
411
411
411
411
Free-cash
475
563
336
392

Estimated living cost  is $411 per week

$295
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1037
$963
$919
$970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2
income
-
-
-
218
health
-
-
-
47
pensions

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

-
-
-
61
total
-
-
-
328
Employee
268
-
1 369
-
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
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
total
66
-
197
-
Employer
268
-
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
1 129
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 016
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
210
277
328
After tax
1 166
1 240
1 173
1 122
Living cost
203
203
203
203
Free-cash
963
1 037
970
919

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
$296
$449
$387
$517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
130
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.

-
-
-
381
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.

-
-
-
80
surtax

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

-
-
-
21
total
-
-
-
612
Employee

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

582
-
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.

48
-
381
-
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
-
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.

80
-
80
-
total
131
-
482
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
868
1 450
-
-
income
130
217
-
-
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
-
-
trade
125
208
-
-
chamber of commerce
3
4
-
-
total
265
441
-
-
Dividends
603
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
146
248
-
-
total
154
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
703
482
612
After tax
900
747
968
838
Living cost
451
451
451
451
Free-cash
449
296
517
387

Estimated living cost  is $451 per week

$311
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$349
$374
$262
$262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
387
social contributions
-
-
-
135
total
-
-
-
522
Employee
915
-
1 450
-
social contributions
76
-
135
-
income
173
-
387
-
total
249
-
522
-
Employer
915
-
1 450
-
total
-
-
-
-
Corporate
535
1 450
-
-
income
67
181
-
-
total
67
181
-
-
Dividends
469
1 269
-
-
withholding
94
254
-
-
total
94
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
410
435
522
522
After tax
1 040
1 015
928
928
Living cost
666
666
666
666
Free-cash
374
349
262
262

Estimated living cost  is $666 per week

$507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$457
$497
$621
$644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
333
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
-
-
-
405
Employee
536
-
1 396
-
social contributions
54
-
54
-
income
58
-
274
-
total
112
-
328
-
Employer
536
-
1 396
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
860
1 450
-
-
income
301
507
-
-
total
301
507
-
-
Dividends
559
943
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 450
1 450
1 450
1 450
Total tax
529
569
382
405
After tax
921
881
1 068
1 045
Living cost
424
424
424
424
Free-cash
497
457
644
621

Estimated living cost  is $424 per week

$280
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$580
$583
$572
$437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
348
pensions
-
-
-
93
total
-
-
-
441
Employee
600
-
1 272
-
pensions
46
-
119
-
income
109
-
259
-
health
8
-
21
-
total
163
-
399
-
Employer
600
-
1 272
-
health
11
-
24
-
pensions
61
-
153
-
total
72
-
177
-
Corporate
778
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
275
-
-
total
148
275
-
-
Dividends
630
1 175
-
-
withholding
47
158
-
-
total
47
158
-
-
Income
1 450
1 450
1 450
1 450
Total tax
430
433
576
441
After tax
1 020
1 017
874
1 009
Living cost
437
437
437
437
Free-cash
583
580
437
572

Estimated living cost  is $437 per week

$300
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$159
$74
$718
$492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
376
health
-
-
-
25
pensions
-
-
-
48
other
-
-
-
4
total
-
-
-
456
Employee
435
-
1 270
-
pensions
49
-
88
-
income
60
-
269
-
health
50
-
145
-
total
159
-
502
-
Employer
435
-
1 270
-
pensions
71
-
128
-
accident
7
-
21
-
unemployment
11
-
31
-
total
89
-
180
-
Corporate
927
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.

834
1 305
-
-
total
834
1 305
-
-
Dividends
93
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 100
1 333
682
456
After tax
350
117
768
994
Living cost
276
276
276
276
Free-cash
74
-159
492
718

Estimated living cost  is $276 per week

$203
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1063
$1007
$664
$805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
17
health insurance
-
-
-
107
income
-
-
-
230
work injury
-
-
-
7
pensions
-
-
-
267
total
-
-
-
628
Employee

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

253
-
1 450
-
work injury
1
-
5
-
pensions
47
-
172
-
unemployment
3
-
11
-
income
25
-
230
-
health insurance
19
-
69
-
total
95
-
487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 197
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
14
-
-
total
12
14
-
-
Dividends
1 185
1 436
-
-
withholding
178
215
-
-
total
178
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
285
229
487
628
After tax
1 165
1 221
963
822
Living cost
158
158
158
158
Free-cash
1 007
1 063
805
664

Estimated living cost  is $158 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$298
$245
$241
$175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
10
national
-
-
-
328
regional
-
-
-
32
social contributions
-
-
-
373
total
-
-
-
743
Employee
985
-
1 450
-
national
166
-
284
-
social contributions
332
-
489
-
municipal
6
-
9
-
regional
15
-
27
-
total
519
-
809
-
Employer
985
-
1 450
-
total
-
-
-
-
Corporate
465
1 450
-
-
municipal
22
70
-
-
nationa
112
348
-
-
total
134
418
-
-
Dividends
331
1 032
-
-
withholding
86
268
-
-
total
86
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
686
809
743
After tax
711
764
641
707
Living cost
466
466
466
466
Free-cash
245
298
175
241

Estimated living cost  is $466 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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