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
$614
$378
$472
$507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
380
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
trade
-
-
-
142
total
-
-
-
623
Employee

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

449
-
1 450
-
surtax

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

1
-
21
-
income

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

13
-
380
-
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
94
-
481
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 001
1 450
-
-
chamber of commerce
3
4
-
-
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
-
-
income
150
217
-
-
total
319
461
-
-
Dividends
682
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
588
717
481
623
After tax
862
733
969
827
Living cost
355
355
355
355
Free-cash
507
378
614
472

Estimated living cost  is $355 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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$262
$287
$250
$278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
16
pensions
-
-
-
174
national
-
-
-
238
municipal
-
-
-
154
total
-
-
-
582
Employee
959
-
1 254
-
municipal
118
-
160
-
national
183
-
247
-
pensions
38
-
50
-
total
339
-
457
-
Employer
959
-
1 254
-
pensions
77
-
100
-
social contributions
10
-
13
-
total
87
-
113
-
Corporate
341
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%.

68
290
-
-
total
68
290
-
-
Dividends
273
1 160
-
-
withholding
60
255
-
-
total
60
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
554
545
570
582
After tax
896
905
880
868
Living cost
618
618
618
618
Free-cash
278
287
262
250

Estimated living cost  is $618 per week

$420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$570
$916
$170
$819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
449
income
-
-
-
217
surtax
-
-
-
370
microenterprise
-
-
-
-
total
-
-
-
1 036
Employee
343
-
1 168
-
surtax
-
-
-
-
social contributions

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

38
-
129
-
income
61
-
226
-
total
99
-
355
-
Employer
343
-
1 168
-
surtax
-
-
-
-
social contributions

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

83
-
281
-
total
83
-
281
-
Corporate
1 025
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.

820
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
387
290
636
1 036
After tax
1 063
1 160
814
414
Living cost
244
244
244
244
Free-cash
819
916
570
170

Estimated living cost  is $244 per week

$156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$298
$217
$342
$145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
145
income
-
-
-
335
pensions
-
-
-
137
total
-
-
-
617
Employee
1 001
1 001
1 234
-
income

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

164
164
164
-
pensions
180
137
137
-
health
154
131
144
-
total
498
432
445
-
Employer
1 001
1 001
1 234
-
unemployment
36
36
44
-
health
70
70
86
-
pensions
70
70
86
-
total
176
176
216
-
Corporate
285
273
-
-
income
57
55
-
-
total
57
55
-
-
Dividends
228
219
-
-
income
49
46
-
-
withholding
34
33
-
-
total
83
79
-
-
Income
1 450
1 450
1 450
1 450
Total tax
814
742
661
617
After tax
636
708
789
833
Living cost
491
491
491
491
Free-cash
145
217
298
342

Estimated living cost  is $491 per week

$348
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
$273
$304
$286
$294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
124
health
-
-
-
67
accident
-
-
-
2
pensions
-
-
-
116
national
-
-
-
26
unemployment
-
-
-
1
municipal
-
-
-
340
total
-
-
-
676
Employee
695
-
1 114
-
municipal
207
-
332
-
national
-
-
21
-
total
207
-
353
-
Employer
695
-
1 114
-
other
81
-
124
-
unemployment
18
-
28
-
health
43
-
66
-
accident
1
-
2
-
pensions
75
-
116
-
total
218
-
336
-
Corporate
536
1 450
-
-
income
118
319
-
-
total
118
319
-
-
Dividends
418
1 131
-
-
withholding
125
339
-
-
total
125
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
668
658
689
676
After tax
782
792
761
774
Living cost
488
488
488
488
Free-cash
294
304
273
286

Estimated living cost  is $488 per week

$323
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$508
$264
$359
$428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
380
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
trade
-
-
-
149
total
-
-
-
630
Employee

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

595
-
1 450
-
surtax

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

3
-
21
-
income

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

51
-
380
-
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
-
481
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
855
1 450
-
-
chamber of commerce
3
4
-
-
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
-
-
income
128
217
-
-
total
279
472
-
-
Dividends
576
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
561
725
481
630
After tax
889
725
969
820
Living cost
461
461
461
461
Free-cash
428
264
508
359

Estimated living cost  is $461 per week

$308
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.
$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
$620
$680
$636
$630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
190
health
-
-
-
37
income
-
-
-
207
total
-
-
-
434
Employee
902
902
1 325
-
social contributions
44
75
101
-
income
95
83
200
-
health
9
15
23
-
total
148
173
324
-
Employer
902
902
1 325
-
health
10
17
25
-
social contributions
44
75
101
-
total
54
92
126
-
Corporate
869
457
-
-
income
109
57
-
-
total
109
57
-
-
Dividends
760
400
-
-
withholding
129
68
-
-
total
129
68
-
-
Income
1 450
1 450
1 450
1 450
Total tax
440
390
450
434
After tax
1 010
1 060
1 000
1 016
Living cost
380
380
380
380
Free-cash
630
680
620
636

Estimated living cost  is $380 per week

$260
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
$628
$603
$792
$606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
101
income
-
-
-
177
pensions
-
-
-
145
unemployment
-
-
-
22
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.

308
123
1 213
-
income
38
15
148
-
pensions
31
12
121
-
health
22
9
85
-
unemployment
5
2
18
-
total
96
38
372
-
Employer

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

The minimum wage is 138,000 HUF per month.

308
123
1 213
-
pensions
60
24
237
-
total
60
24
237
-
Corporate
1 082
1 303
-
-
income
97
117
-
-
total
97
117
-
-
Dividends
985
1 186
-
-
social contributions
191
230
-
-
withholding
187
225
-
-
total
378
455
-
-
Income
1 450
1 450
1 450
1 450
Total tax
631
634
609
445
After tax
819
816
841
1 005
Living cost
213
213
213
213
Free-cash
606
603
628
792

Estimated living cost  is $213 per week

$146
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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$552
$877
$494
$804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
189
income
-
-
-
194
pensions
-
-
-
290
total
-
-
-
673
Employee
333
-
1 084
-
income
37
-
209
-
pensions
7
-
22
-
unemployment
5
-
17
-
total
49
-
248
-
Employer
333
-
1 084
-
unemployment
3
-
9
-
health
43
-
141
-
pensions
67
-
217
-
total
113
-
367
-
Corporate
1 005
1 450
-
-
income
201
290
-
-
total
201
290
-
-
Dividends
804
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
363
290
615
673
After tax
1 087
1 160
835
777
Living cost
283
283
283
283
Free-cash
804
877
552
494

Estimated living cost  is $283 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
$506
-$143
$734
$78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
374
pensions
-
-
-
49
total
-
-
-
456
Employee
409
-
1 268
-
income
56
-
267
-
pensions
46
-
90
-
health
47
-
145
-
total
149
-
502
-
Employer
409
-
1 268
-
unemployment
10
-
31
-
accident
7
-
21
-
pensions
66
-
130
-
total
83
-
182
-
Corporate
958
1 450
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

862
1 305
-
-
total
862
1 305
-
-
Dividends
96
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 112
1 333
684
456
After tax
338
117
766
994
Living cost
260
260
260
260
Free-cash
78
-143
506
734

Estimated living cost  is $260 per week

$190
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.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1064
$1281
$1340
$1264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
120
-
1 450
-
income
24
-
290
-
total
24
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 330
1 450
-
-
total
-
-
-
-
Dividends
1 330
1 450
-
-
withholding
66
73
-
-
total
66
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
73
290
14
After tax
1 360
1 377
1 160
1 436
Living cost
96
96
96
96
Free-cash
1 264
1 281
1 064
1 340

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$524
$754
$463
$674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
69
health
-
-
-
64
income
-
-
-
193
pensions

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

-
-
-
348
total
-
-
-
674
Employee
426
-
1 158
-
income
73
-
213
-
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
-
health
6
-
16
-
unemployment
4
-
12
-
total
113
-
322
-
Employer
426
-
1 158
-
other
21
-
58
-
unemployment
4
-
12
-
health
6
-
16
-
accident
3
-
9
-
pensions

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

72
-
197
-
total
106
-
292
-
Corporate
917
1 450
-
-
income
193
304
-
-
total
193
304
-
-
Dividends
724
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
313
313
313
313
Free-cash
674
754
524
463

Estimated living cost  is $313 per week

$221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$93
$236
$228
$148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
350
pensions
-
-
-
93
total
-
-
-
443
Employee
1 102
-
1 272
-
income
199
-
261
-
health
18
-
21
-
pensions
106
-
118
-
total
323
-
400
-
Employer
1 102
-
1 272
-
health
21
-
24
-
pensions
130
-
154
-
total
151
-
178
-
Corporate
197
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.

37
275
-
-
total
37
275
-
-
Dividends
159
1 175
-
-
withholding
12
160
-
-
total
12
160
-
-
Income
1 450
1 450
1 450
1 450
Total tax
523
435
578
443
After tax
927
1 015
872
1 007
Living cost
779
779
779
779
Free-cash
148
236
93
228

Estimated living cost  is $779 per week

$584
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.
$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

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
$1023
$1088
$972
$1035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
income
-
-
-
217
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
326
Employee
201
-
1 371
-
income
20
-
137
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
196
-
Employer
201
-
1 371
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
1 209
1 450
-
-
income
121
145
-
-
total
121
145
-
-
Dividends
1 088
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
263
210
275
326
After tax
1 187
1 240
1 175
1 124
Living cost
152
152
152
152
Free-cash
1 035
1 088
1 023
972

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$139
$58
$183
$88
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
145
income
-
-
-
335
pensions
-
-
-
137
total
-
-
-
617
Employee
1 087
1 001
1 234
-
income

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

164
164
164
-
pensions
137
137
137
-
health
136
131
144
-
total
437
432
445
-
Employer
1 087
1 001
1 234
-
unemployment
39
36
44
-
health
76
70
86
-
pensions
76
70
86
-
total
191
176
216
-
Corporate
172
273
-
-
income
34
55
-
-
total
34
55
-
-
Dividends
138
219
-
-
income
29
46
-
-
withholding
21
33
-
-
total
50
79
-
-
Income
1 450
1 450
1 450
1 450
Total tax
712
742
661
617
After tax
738
708
789
833
Living cost
650
650
650
650
Free-cash
88
58
139
183

Estimated living cost  is $650 per week

$480
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
$446
$709
$421
$606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
417
health
-
-
-
196
income
-
-
-
126
solidarity contribution
-
-
-
-
total
-
-
-
739
Employee
426
-
1 082
-
social contributions
28
-
70
-
solidarity contribution
-
-
-
-
income
51
-
130
-
health
57
-
146
-
total
136
-
346
-
Employer
426
-
1 082
-
health
38
-
97
-
social contributions
106
-
271
-
total
144
-
368
-
Corporate
879
1 450
-
-
income
167
275
-
-
total
167
275
-
-
Dividends
712
1 175
-
-
withholding
107
176
-
-
total
107
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
554
451
714
739
After tax
896
999
736
711
Living cost
290
290
290
290
Free-cash
606
709
446
421

Estimated living cost  is $290 per week

$201
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
$161
$278
$230
$217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
national
-
-
-
327
regional
-
-
-
16
municipal
-
-
-
9
total
-
-
-
725
Employee
1 042
-
1 450
-
social contributions
351
-
489
-
municipal
6
-
8
-
national
181
-
283
-
regional
10
-
14
-
total
548
-
794
-
Employer
1 042
-
1 450
-
total
-
-
-
-
Corporate
408
1 450
-
-
nationa
98
348
-
-
municipal
16
57
-
-
total
114
405
-
-
Dividends
294
1 045
-
-
withholding
76
272
-
-
total
76
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
738
677
794
725
After tax
712
773
656
725
Living cost
495
495
495
495
Free-cash
217
278
161
230

Estimated living cost  is $495 per week

$345
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
$419
$653
$443
$616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
-
health
-
-
-
103
income
-
-
-
310
pensions
-
-
-
290
surtax
-
-
-
42
unemployment
-
-
-
3
total
-
-
-
748
Employee
388
-
1 198
-
surtax
1
-
38
-
income
65
-
287
-
other
-
-
-
-
pensions
26
-
80
-
health
10
-
31
-
unemployment
27
-
83
-
total
129
-
519
-
Employer
388
-
1 198
-
other
-
-
-
-
unemployment
12
-
38
-
health
18
-
55
-
pensions
52
-
160
-
total
82
-
253
-
Corporate
981
1 450
-
-
income
255
377
-
-
total
255
377
-
-
Dividends
726
1 073
-
-
withholding
109
161
-
-
total
109
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
575
538
772
748
After tax
875
912
678
702
Living cost
259
259
259
259
Free-cash
616
653
419
443

Estimated living cost  is $259 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.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$340
$483
$475
$462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
350
pensions
-
-
-
93
total
-
-
-
443
Employee
739
-
1 272
-
income
133
-
261
-
health
11
-
21
-
pensions
63
-
118
-
total
207
-
400
-
Employer
739
-
1 272
-
health
14
-
24
-
pensions
80
-
154
-
total
94
-
178
-
Corporate
617
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.

117
275
-
-
total
117
275
-
-
Dividends
500
1 175
-
-
withholding
38
160
-
-
total
38
160
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
435
578
443
After tax
994
1 015
872
1 007
Living cost
532
532
532
532
Free-cash
462
483
340
475

Estimated living cost  is $532 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$178
-$287
$252
$120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other

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

-
-
-
29
health
-
-
-
3
pensions
-
-
-
133
city
-
-
-
15
national
-
-
-
13
regional
-
-
-
55
total
-
-
-
248
Employee
1 112
-
1 298
-
national
5
-
10
-
city
12
-
14
-
pensions
93
-
109
-
health
3
-
3
-
regional
36
-
48
-
unemployment
-
-
-
-
total
149
-
184
-
Employer
1 112
-
1 298
-
other

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

22
-
26
-
unemployment
-
-
-
-
health
3
-
3
-
pensions
93
-
109
-
total
118
-
138
-
Corporate
208
1 450
-
-
regional
44
307
-
-
national
18
123
-
-
total
62
430
-
-
Dividends
146
1 020
-
-
withholding
51
357
-
-
total
51
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
380
787
322
248
After tax
1 070
663
1 128
1 202
Living cost
950
950
950
950
Free-cash
120
-287
178
252

Estimated living cost  is $950 per week

$618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$432
$180
$277
$369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
380
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
trade
-
-
-
155
total
-
-
-
636
Employee

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

705
-
1 450
-
surtax

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

5
-
21
-
income

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

83
-
380
-
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
-
481
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
745
1 450
-
-
chamber of commerce
3
4
-
-
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
-
-
income
112
217
-
-
total
249
482
-
-
Dividends
497
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
481
636
After tax
906
717
969
814
Living cost
537
537
537
537
Free-cash
369
180
432
277

Estimated living cost  is $537 per week

$392
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
$465
$329
$427
$399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
45
social contributions
-
-
-
41
health
-
-
-
42
income
-
-
-
177
pensions
-
-
-
317
surtax
-
-
-
-
total
-
-
-
622
Employee
502
-
1 157
-
surtax
-
-
-
-
social contributions
14
-
33
-
income
30
-
193
-
pensions
57
-
66
-
total
101
-
292
-
Employer
502
-
1 157
-
other
17
-
40
-
unemployment
20
-
47
-
health
35
-
89
-
pensions
82
-
113
-
social contributions
2
-
3
-
total
156
-
292
-
Corporate
791
1 450
-
-
surtax
-
-
-
-
income
222
406
-
-
total
222
406
-
-
Dividends
570
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
584
622
After tax
800
730
866
828
Living cost
401
401
401
401
Free-cash
399
329
465
427

Estimated living cost  is $401 per week

$253
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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$505
$369
$467
$436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
45
social contributions
-
-
-
41
health
-
-
-
42
income
-
-
-
177
pensions
-
-
-
317
surtax
-
-
-
-
total
-
-
-
622
Employee
448
-
1 157
-
surtax
-
-
-
-
social contributions
13
-
33
-
income
23
-
193
-
pensions
51
-
66
-
total
87
-
292
-
Employer
448
-
1 157
-
other
15
-
40
-
unemployment
18
-
47
-
health
31
-
89
-
pensions
74
-
113
-
social contributions
1
-
3
-
total
139
-
292
-
Corporate
862
1 450
-
-
surtax
-
-
-
-
income
241
406
-
-
total
241
406
-
-
Dividends
621
1 044
-
-
social contributions
107
180
-
-
surtax
-
-
-
-
withholding
79
134
-
-
total
186
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
653
720
584
622
After tax
797
730
866
828
Living cost
361
361
361
361
Free-cash
436
369
505
467

Estimated living cost  is $361 per week

$210
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
$671
$635
$683
$641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
200
health
-
-
-
101
income
-
-
-
217
total
-
-
-
518
Employee
398
-
1 450
-
social contributions
55
-
200
-
income
66
-
229
-
health
28
-
101
-
total
149
-
530
-
Employer
398
-
1 450
-
total
-
-
-
-
Corporate
1 052
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
1 000
1 377
-
-
social contributions
138
190
-
-
withholding
150
207
-
-
health
70
96
-
-
total
358
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
566
530
518
After tax
890
884
920
932
Living cost
249
249
249
249
Free-cash
641
635
671
683

Estimated living cost  is $249 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
-$8
$396
$311
$375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
105
income
-
-
-
288
chamber of commerce
-
-
-
6
pensions
-
-
-
253
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
726
Employee
586
467
1 124
-
income
67
34
246
-
other
6
5
11
-
pensions
60
48
115
-
health
23
18
44
-
unemployment
18
14
34
-
total
174
119
450
-
Employer
586
467
1 124
-
other
28
22
53
-
unemployment
18
14
34
-
health
22
18
42
-
surtax
2
2
2
-
accident
8
6
15
-
pensions
74
59
141
-
payroll
18
14
34
-
chamber of commerce
2
2
4
-
total
172
137
325
-
Corporate
693
846
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.

173
211
270
-
total
173
211
270
-
Dividends
520
634
-
-
withholding
143
174
-
-
total
143
174
-
-
Income
1 450
1 450
1 450
1 450
Total tax
662
641
1 045
726
After tax
788
809
405
724
Living cost
413
413
413
413
Free-cash
375
396
-8
311

Estimated living cost  is $413 per week

$276
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$116
$384
$224
$210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
231
communal

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

-
-
-
73
national
-
-
-
494
total
-
-
-
798
Employee

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

839
-
1 123
-
national
258
-
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
-
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
-
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
-
total
411
-
579
-
Employer

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

839
-
1 123
-
unemployment

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

12
-
16
-
health

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

52
-
69
-
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
-
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
-
total
244
-
327
-
Corporate
367
1 450
-
-
surtax
1
6
-
-
income
73
290
-
-
total
74
296
-
-
Dividends
292
1 154
-
-
withholding

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

83
342
-
-
total
83
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
812
638
906
798
After tax
638
812
544
652
Living cost
428
428
428
428
Free-cash
210
384
116
224

Estimated living cost  is $428 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
$322
$550
$379
$458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
320
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
647
Employee
584
-
1 103
-
income
123
-
287
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
160
-
356
-
Employer
584
-
1 103
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
pensions
138
-
257
-
total
187
-
348
-
Corporate
680
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
578
1 233
-
-
withholding
119
259
-
-
total
119
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
568
476
704
647
After tax
882
974
746
803
Living cost
424
424
424
424
Free-cash
458
550
322
379

Estimated living cost  is $424 per week

$312
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
$205
$239
$149
$127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
102
accident
-
-
-
12
income
-
-
-
169
pensions
-
-
-
217
communal
-
-
-
92
surtax
-
-
-
72
total
-
-
-
664
Employee
888
-
1 295
-
surtax
54
-
79
-
income
86
-
211
-
pensions
71
-
104
-
health
40
-
58
-
total
251
-
452
-
Employer
888
-
1 295
-
health
27
-
40
-
accident
8
-
12
-
pensions
71
-
104
-
total
106
-
156
-
Corporate
456
1 450
-
-
surtax
5
15
-
-
income
68
217
-
-
communal
31
98
-
-
total
104
330
-
-
Dividends
352
1 119
-
-
income
172
76
-
-
withholding
53
168
-
-
total
225
244
-
-
Income
1 450
1 450
1 450
1 450
Total tax
686
574
608
664
After tax
764
876
842
786
Living cost
637
637
637
637
Free-cash
127
239
205
149

Estimated living cost  is $637 per week

$478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$415
$649
$439
$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
other
-
-
-
-
health
-
-
-
103
income
-
-
-
310
pensions
-
-
-
290
surtax
-
-
-
42
unemployment
-
-
-
3
total
-
-
-
748
Employee
395
-
1 198
-
surtax
1
-
38
-
income
66
-
287
-
other
-
-
-
-
pensions
26
-
80
-
health
10
-
31
-
unemployment
27
-
83
-
total
130
-
519
-
Employer
395
-
1 198
-
other
-
-
-
-
unemployment
13
-
38
-
health
18
-
55
-
pensions
53
-
160
-
total
84
-
253
-
Corporate
972
1 450
-
-
income
253
377
-
-
total
253
377
-
-
Dividends
719
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
575
538
772
748
After tax
875
912
678
702
Living cost
263
263
263
263
Free-cash
612
649
415
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
$334
$446
$403
$420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
national
-
-
-
327
regional
-
-
-
22
municipal
-
-
-
9
total
-
-
-
731
Employee
651
-
1 450
-
social contributions
219
-
489
-
municipal
3
-
8
-
national
103
-
283
-
regional
9
-
20
-
total
334
-
800
-
Employer
651
-
1 450
-
total
-
-
-
-
Corporate
799
1 450
-
-
nationa
192
348
-
-
municipal
40
72
-
-
total
232
420
-
-
Dividends
568
1 030
-
-
withholding
148
268
-
-
total
148
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
714
688
800
731
After tax
736
762
650
719
Living cost
316
316
316
316
Free-cash
420
446
334
403

Estimated living cost  is $316 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
$379
$642
$354
$514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
417
health
-
-
-
196
income
-
-
-
126
solidarity contribution
-
-
-
-
total
-
-
-
739
Employee
525
-
1 082
-
social contributions
34
-
70
-
solidarity contribution
-
-
-
-
income
63
-
130
-
health
71
-
146
-
total
168
-
346
-
Employer
525
-
1 082
-
health
47
-
97
-
social contributions
131
-
271
-
total
178
-
368
-
Corporate
747
1 450
-
-
income
142
275
-
-
total
142
275
-
-
Dividends
605
1 175
-
-
withholding
91
176
-
-
total
91
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
579
451
714
739
After tax
871
999
736
711
Living cost
357
357
357
357
Free-cash
514
642
379
354

Estimated living cost  is $357 per week

$265
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
$31
$435
$352
$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
-
-
-
1 450
health
-
-
-
105
income
-
-
-
288
chamber of commerce
-
-
-
6
pensions
-
-
-
253
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
724
Employee
513
467
1 126
-
income
46
34
247
-
other
5
5
11
-
pensions
52
48
115
-
health
20
18
44
-
unemployment
15
14
34
-
total
138
119
451
-
Employer
513
467
1 126
-
other
24
22
53
-
unemployment
15
14
34
-
health
19
18
43
-
surtax
-
-
-
-
accident
7
6
15
-
pensions
64
59
141
-
payroll
15
14
34
-
chamber of commerce
2
2
4
-
total
146
135
324
-
Corporate
790
848
1 081
-
income

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

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

197
212
270
-
total
197
212
270
-
Dividends
592
636
-
-
withholding
163
175
-
-
total
163
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
644
641
1 045
724
After tax
806
809
405
726
Living cost
374
374
374
374
Free-cash
432
435
31
352

Estimated living cost  is $374 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.
$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

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
$1010
$1227
$1286
$1199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
188
-
1 450
-
income
38
-
290
-
total
38
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 262
1 450
-
-
total
-
-
-
-
Dividends
1 262
1 450
-
-
withholding
63
73
-
-
total
63
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
101
73
290
14
After tax
1 349
1 377
1 160
1 436
Living cost
150
150
150
150
Free-cash
1 199
1 227
1 010
1 286

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$381
$684
$423
$586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
143
income
-
-
-
302
pensions
-
-
-
265
unemployment
-
-
-
2
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.

519
-
1 255
-
income
89
-
281
-
pensions
80
-
194
-
health
33
-
81
-
unemployment
1
-
2
-
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.

519
-
1 255
-
unemployment
-
-
1
-
health
35
-
84
-
pensions
46
-
111
-
total
81
-
196
-
Corporate
851
1 450
-
-
income
162
275
-
-
total
162
275
-
-
Dividends
689
1 175
-
-
withholding
103
176
-
-
total
103
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
549
451
754
712
After tax
901
999
696
738
Living cost
315
315
315
315
Free-cash
586
684
381
423

Estimated living cost  is $315 per week

$216
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
$749
$345
$465
-$406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
165
income
-
-
-
283
total
-
-
-
448
Employee
771
-
-
-
social contributions
63
-
9
-
income
170
-
-
-
total
233
-
9
-
Employer
771
-
-
-
social contributions
1 086
-
155
-
total
1 086
-
155
-
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
1 319
568
164
448
After tax
131
882
1 286
1 002
Living cost
537
537
537
537
Free-cash
-406
345
749
465

Estimated living cost  is $537 per week

$349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$338
$457
$429
$446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
social contributions

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

-
-
-
504
income
-
-
-
149
surtax
-
-
-
-
total
-
-
-
653
Employee
539
-
1 172
-
surtax
-
-
-
-
social contributions
59
-
129
-
income
112
-
337
-
total
171
-
466
-
Employer
539
-
1 172
-
social contributions
128
-
278
-
total
128
-
278
-
Corporate
783
1 450
-
-
surtax
-
-
-
-
income
164
304
-
-
total
164
304
-
-
Dividends
618
1 146
-
-
withholding
173
321
-
-
total
173
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
636
625
744
653
After tax
814
825
706
797
Living cost
368
368
368
368
Free-cash
446
457
338
429

Estimated living cost  is $368 per week

$275
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
$300
$164
$262
$246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
45
social contributions
-
-
-
41
health
-
-
-
42
income
-
-
-
177
pensions
-
-
-
317
surtax
-
-
-
-
total
-
-
-
622
Employee
735
-
1 157
-
surtax
-
-
-
-
social contributions
21
-
33
-
income
64
-
193
-
pensions
83
-
66
-
total
168
-
292
-
Employer
735
-
1 157
-
other
25
-
40
-
unemployment
30
-
47
-
health
51
-
89
-
pensions
121
-
113
-
social contributions
2
-
3
-
total
229
-
292
-
Corporate
486
1 450
-
-
surtax
-
-
-
-
income
136
406
-
-
total
136
406
-
-
Dividends
350
1 044
-
-
social contributions
60
180
-
-
surtax
-
-
-
-
withholding
45
134
-
-
total
105
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
720
584
622
After tax
812
730
866
828
Living cost
566
566
566
566
Free-cash
246
164
300
262

Estimated living cost  is $566 per week

$383
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
$774
$952
$736
$913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
377
-
1 255
-
income
-
-
46
-
social contributions
25
-
82
-
total
25
-
128
-
Employer
377
-
1 255
-
social contributions
58
-
195
-
total
58
-
195
-
Corporate
1 015
1 450
-
-
income
101
145
-
-
total
101
145
-
-
Dividends
913
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
353
353
353
353
Free-cash
913
952
774
736

Estimated living cost  is $353 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
-$1101
-$1101
$319
-$1101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
labour market
-
-
-
115
pensions
-
-
-
10
national
-
-
-
158
municipal
-
-
-
284
total
-
-
-
567
Employee
2 380
2 380
2 380
-
labour market
190
190
190
-
municipal
507
507
507
-
national
291
291
291
-
pensions
3
3
3
-
total
991
991
991
-
Employer
2 380
2 380
2 380
-
national
291
291
291
-
labour market
190
190
190
-
pensions
7
7
7
-
municipal
508
508
508
-
total
996
996
996
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 987
1 987
1 987
567
After tax
-537
-537
-537
883
Living cost
564
564
564
564
Free-cash
-1 101
-1 101
-1 101
319

Estimated living cost  is $564 per week

$386
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
$510
-$139
$738
$79
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
374
pensions
-
-
-
49
total
-
-
-
456
Employee
403
-
1 268
-
income
55
-
267
-
pensions
45
-
90
-
health
46
-
145
-
total
146
-
502
-
Employer
403
-
1 268
-
unemployment
10
-
31
-
accident
7
-
21
-
pensions
65
-
130
-
total
82
-
182
-
Corporate
965
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.

869
1 305
-
-
total
869
1 305
-
-
Dividends
97
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 115
1 333
684
456
After tax
335
117
766
994
Living cost
256
256
256
256
Free-cash
79
-139
510
738

Estimated living cost  is $256 per week

$186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$350
$493
$549
$494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
health
-
-
-
17
national
-
-
-
176
municipal
-
-
-
258
total
-
-
-
451
Employee
617
-
1 220
-
municipal
101
-
199
-
national
10
-
107
-
pensions
42
-
82
-
health
5
-
14
-
unemployment
9
-
18
-
total
167
-
420
-
Employer
617
-
1 220
-
unemployment
4
-
8
-
health
5
-
9
-
accident
1
-
1
-
pensions
107
-
212
-
total
117
-
230
-
Corporate
717
1 450
-
-
income
143
290
-
-
total
143
290
-
-
Dividends

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

430
870
-
-
national
2
60
-
-
municipal
77
157
-
-
total
79
217
-
-
Income
1 450
1 450
1 450
1 450
Total tax
506
507
650
451
After tax
944
943
800
999
Living cost
450
450
450
450
Free-cash
494
493
350
549

Estimated living cost  is $450 per week

$294
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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$728
$788
$744
$724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
190
health
-
-
-
37
income
-
-
-
207
total
-
-
-
434
Employee
902
902
1 325
-
social contributions
34
75
101
-
income
98
83
200
-
health
7
15
23
-
total
139
173
324
-
Employer
902
902
1 325
-
health
8
17
25
-
social contributions
34
75
101
-
total
42
92
126
-
Corporate
998
457
-
-
income
125
57
-
-
total
125
57
-
-
Dividends
873
400
-
-
withholding
148
68
-
-
total
148
68
-
-
Income
1 450
1 450
1 450
1 450
Total tax
454
390
450
434
After tax
996
1 060
1 000
1 016
Living cost
272
272
272
272
Free-cash
724
788
728
744

Estimated living cost  is $272 per week

$163
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
$768
$1014
$1005
$956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
42
income
-
-
-
142
pensions
-
-
-
75
unemployment
-
-
-
-
total
-
-
-
259
Employee

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

269
-
1 335
-
income
18
-
113
-
pensions
40
-
167
-
health
23
-
95
-
unemployment
1
-
6
-
total
82
-
381
-
Employer

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

269
-
1 335
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
61
-
total
28
-
115
-
Corporate
1 153
1 450
-
-
income
104
131
-
-
total
104
131
-
-
Dividends
1 049
1 319
-
-
withholding
94
119
-
-
total
94
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
308
250
496
259
After tax
1 142
1 200
954
1 191
Living cost
186
186
186
186
Free-cash
956
1 014
768
1 005

Estimated living cost  is $186 per week

$119
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
$424
$652
$481
$592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
320
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
647
Employee
434
-
1 103
-
income
84
-
287
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
111
-
356
-
Employer
434
-
1 103
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
pensions
102
-
257
-
total
138
-
348
-
Corporate
878
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
746
1 233
-
-
withholding
154
259
-
-
total
154
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
535
476
704
647
After tax
915
974
746
803
Living cost
322
322
322
322
Free-cash
592
652
424
481

Estimated living cost  is $322 per week

$218
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
$905
$883
$907
$879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
12
income
-
-
-
493
pensions
-
-
-
16
total
-
-
-
521
Employee
33
-
1 432
-
income
6
-
492
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
504
-
Employer
33
-
1 432
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
1 409
1 450
-
-
income
310
319
-
-
total
310
319
-
-
Dividends
1 099
1 131
-
-
withholding
220
226
-
-
total
220
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
549
545
523
521
After tax
901
905
927
929
Living cost
22
22
22
22
Free-cash
879
883
905
907

Estimated living cost  is $22 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$609
$846
$608
$787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
89
income
-
-
-
314
pensions
-
-
-
224
unemployment
-
-
-
13
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
-
income
42
-
314
-
pensions
43
-
121
-
health
16
-
44
-
unemployment
2
-
6
-
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
-
unemployment
2
-
6
-
health
16
-
44
-
pensions
37
-
104
-
total
55
-
154
-
Corporate
1 091
1 450
-
-
income
164
217
-
-
total
164
217
-
-
Dividends
927
1 233
-
-
withholding
139
185
-
-
total
139
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
461
402
639
640
After tax
989
1 048
811
810
Living cost
202
202
202
202
Free-cash
787
846
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.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$390
$509
$481
$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

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
social contributions

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

-
-
-
504
income
-
-
-
149
surtax
-
-
-
-
total
-
-
-
653
Employee
455
-
1 172
-
surtax
-
-
-
-
social contributions
50
-
129
-
income
89
-
337
-
total
139
-
466
-
Employer
455
-
1 172
-
social contributions
108
-
278
-
total
108
-
278
-
Corporate
887
1 450
-
-
surtax
-
-
-
-
income
186
304
-
-
total
186
304
-
-
Dividends
700
1 146
-
-
withholding
196
321
-
-
total
196
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
629
625
744
653
After tax
821
825
706
797
Living cost
316
316
316
316
Free-cash
505
509
390
481

Estimated living cost  is $316 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$334
$562
$391
$474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
320
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
647
Employee
566
-
1 103
-
income
118
-
287
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
155
-
356
-
Employer
566
-
1 103
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
pensions
134
-
257
-
total
181
-
348
-
Corporate
703
1 450
-
-
income

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

105
217
-
-
total
105
217
-
-
Dividends
598
1 233
-
-
withholding
123
259
-
-
total
123
259
-
-
Income
1 450
1 450
1 450
1 450
Total tax
564
476
704
647
After tax
886
974
746
803
Living cost
412
412
412
412
Free-cash
474
562
334
391

Estimated living cost  is $412 per week

$296
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
$976
$1041
$925
$971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
47
income
-
-
-
217
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
326
Employee
264
-
1 371
-
income
26
-
137
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
196
-
Employer
264
-
1 371
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 134
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 021
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
280
210
275
326
After tax
1 170
1 240
1 175
1 124
Living cost
199
199
199
199
Free-cash
971
1 041
976
925

Estimated living cost  is $199 per week

$132
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.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$516
$294
$386
$448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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.

-
-
-
380
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
trade
-
-
-
130
total
-
-
-
611
Employee

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

584
-
1 450
-
surtax

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

3
-
21
-
income

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

48
-
380
-
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
-
481
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
866
1 450
-
-
chamber of commerce
3
4
-
-
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
124
208
-
-
income
130
217
-
-
total
264
441
-
-
Dividends
602
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
549
703
481
611
After tax
901
747
969
839
Living cost
453
453
453
453
Free-cash
448
294
516
386

Estimated living cost  is $453 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$261
$347
$261
$373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
386
social contributions
-
-
-
135
total
-
-
-
521
Employee
917
-
1 450
-
income
173
-
386
-
social contributions
76
-
135
-
total
249
-
521
-
Employer
917
-
1 450
-
total
-
-
-
-
Corporate
533
1 450
-
-
income
67
181
-
-
total
67
181
-
-
Dividends
466
1 269
-
-
withholding
93
254
-
-
total
93
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
409
435
521
521
After tax
1 041
1 015
929
929
Living cost
668
668
668
668
Free-cash
373
347
261
261

Estimated living cost  is $668 per week

$508
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
$642
$454
$618
$496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
334
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
-
-
-
406
Employee
538
-
1 396
-
income
58
-
274
-
social contributions
54
-
54
-
total
112
-
328
-
Employer
538
-
1 396
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
858
1 450
-
-
income
300
508
-
-
total
300
508
-
-
Dividends
558
942
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 450
1 450
1 450
1 450
Total tax
528
570
382
406
After tax
922
880
1 068
1 044
Living cost
426
426
426
426
Free-cash
496
454
642
618

Estimated living cost  is $426 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$439
$582
$574
$588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
350
pensions
-
-
-
93
total
-
-
-
443
Employee
594
-
1 272
-
income
108
-
261
-
health
8
-
21
-
pensions
45
-
118
-
total
161
-
400
-
Employer
594
-
1 272
-
health
11
-
24
-
pensions
60
-
154
-
total
71
-
178
-
Corporate
785
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.

149
275
-
-
total
149
275
-
-
Dividends
636
1 175
-
-
withholding
48
160
-
-
total
48
160
-
-
Income
1 450
1 450
1 450
1 450
Total tax
429
435
578
443
After tax
1 021
1 015
872
1 007
Living cost
433
433
433
433
Free-cash
588
582
439
574

Estimated living cost  is $433 per week

$297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$485
-$164
$713
$75
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
374
pensions
-
-
-
49
total
-
-
-
456
Employee
443
-
1 268
-
income
61
-
267
-
pensions
50
-
90
-
health
51
-
145
-
total
162
-
502
-
Employer
443
-
1 268
-
unemployment
11
-
31
-
accident
7
-
21
-
pensions
72
-
130
-
total
90
-
182
-
Corporate
917
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.

825
1 305
-
-
total
825
1 305
-
-
Dividends
92
145
-
-
withholding
17
28
-
-
total
17
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 094
1 333
684
456
After tax
356
117
766
994
Living cost
281
281
281
281
Free-cash
75
-164
485
713

Estimated living cost  is $281 per week

$206
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.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$805
$1063
$664
$1007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

253
-
1 450
-
income
25
-
230
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
47
-
172
-
unemployment
3
-
11
-
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
$175
$297
$241
$244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
national
-
-
-
327
regional
-
-
-
32
municipal
-
-
-
10
total
-
-
-
742
Employee
988
-
1 450
-
social contributions
333
-
489
-
municipal
6
-
9
-
national
167
-
283
-
regional
15
-
27
-
total
521
-
808
-
Employer
988
-
1 450
-
total
-
-
-
-
Corporate
462
1 450
-
-
nationa
111
348
-
-
municipal
22
70
-
-
total
133
418
-
-
Dividends
329
1 032
-
-
withholding
85
268
-
-
total
85
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
686
808
742
After tax
711
764
642
708
Living cost
467
467
467
467
Free-cash
244
297
175
241

Estimated living cost  is $467 per week

$328
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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