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
$504
$372
$611
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
141
income

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

-
-
-
377
health

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

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

-
-
-
81
surtax

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

-
-
-
21
total
-
-
-
620
Employee

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

454
-
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
-
health

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

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

81
-
81
-
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
-
377
-
total
95
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 450
-
-
trade
157
228
-
-
income
149
218
-
-
surtax

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

8
12
-
-
chamber of commerce
3
4
-
-
total
317
462
-
-
Dividends
678
988
-
-
withholding
165
243
-
-
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
-
-
total
174
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
586
718
479
620
After tax
864
732
971
830
Living cost
360
360
360
360
Free-cash
504
372
611
470

Estimated living cost  is $360 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$284
$295
$269
$257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
154
national
-
-
-
239
total
-
-
-
583
Employee
945
-
1 254
-
national
181
-
248
-
municipal
117
-
160
-
pensions
38
-
50
-
total
336
-
458
-
Employer
945
-
1 254
-
pensions
76
-
100
-
social contributions
10
-
13
-
total
86
-
113
-
Corporate
357
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%.

71
290
-
-
total
71
290
-
-
Dividends
285
1 160
-
-
withholding
63
255
-
-
total
63
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
545
571
583
After tax
894
905
879
867
Living cost
610
610
610
610
Free-cash
284
295
269
257

Estimated living cost  is $610 per week

$414
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.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$815
$913
$567
$163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
455
income
-
-
-
215
microenterprise
-
-
-
-
surtax
-
-
-
370
total
-
-
-
1 040
Employee
347
-
1 169
-
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
62
-
226
-
total
100
-
355
-
Employer
347
-
1 169
-
social contributions

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

84
-
281
-
surtax
-
-
-
-
total
84
-
281
-
Corporate
1 020
1 450
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

204
290
-
-
total
204
290
-
-
Dividends

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

816
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
388
290
636
1 040
After tax
1 062
1 160
814
410
Living cost
247
247
247
247
Free-cash
815
913
567
163

Estimated living cost  is $247 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.
$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
$139
$212
$287
$336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
332
pensions
-
-
-
139
health
-
-
-
146
total
-
-
-
617
Employee
1 014
1 014
1 234
-
health
156
132
145
-
pensions
182
139
139
-
income

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

166
166
166
-
total
504
437
450
-
Employer
1 014
1 014
1 234
-
pensions
71
71
86
-
unemployment
36
36
44
-
health
70
70
86
-
total
177
177
216
-
Corporate
271
259
-
-
income
54
52
-
-
total
54
52
-
-
Dividends
217
207
-
-
withholding
33
31
-
-
income
46
44
-
-
total
79
75
-
-
Income
1 450
1 450
1 450
1 450
Total tax
814
741
666
617
After tax
636
709
784
833
Living cost
497
497
497
497
Free-cash
139
212
287
336

Estimated living cost  is $497 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$292
$302
$271
$284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
unemployment
-
-
-
1
pensions
-
-
-
116
municipal
-
-
-
340
accident
-
-
-
2
national
-
-
-
25
health
-
-
-
67
total
-
-
-
676
Employee
698
-
1 113
-
national
-
-
20
-
municipal
208
-
332
-
total
208
-
352
-
Employer
698
-
1 113
-
other
81
-
125
-
accident
1
-
2
-
pensions
75
-
116
-
unemployment
18
-
28
-
health
43
-
66
-
total
218
-
337
-
Corporate
533
1 450
-
-
income
117
319
-
-
total
117
319
-
-
Dividends
416
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
490
490
490
490
Free-cash
292
302
271
284

Estimated living cost  is $490 per week

$325
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.
$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 Stockholm model

Close
Hamburg , Germany
$426
$258
$505
$357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
148
income

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

-
-
-
377
health

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

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

-
-
-
81
surtax

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

-
-
-
21
total
-
-
-
627
Employee

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

602
-
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
-
health

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

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

81
-
81
-
income

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

52
-
377
-
total
136
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
848
1 450
-
-
trade
139
239
-
-
income
127
218
-
-
surtax

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

7
12
-
-
chamber of commerce
3
4
-
-
total
276
473
-
-
Dividends
571
978
-
-
withholding
138
240
-
-
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
-
-
total
146
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
726
479
627
After tax
892
724
971
823
Living cost
466
466
466
466
Free-cash
426
258
505
357

Estimated living cost  is $466 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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$626
$673
$616
$632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
204
health
-
-
-
37
total
-
-
-
433
Employee
913
913
1 323
-
health
9
16
23
-
social contributions
44
76
102
-
income
96
85
198
-
total
149
177
323
-
Employer
913
913
1 323
-
social contributions
44
76
102
-
health
10
17
24
-
total
54
93
126
-
Corporate
861
444
-
-
income
108
56
-
-
total
108
56
-
-
Dividends
754
389
-
-
withholding
128
66
-
-
total
128
66
-
-
Income
1 450
1 450
1 450
1 450
Total tax
439
392
449
433
After tax
1 011
1 058
1 001
1 017
Living cost
385
385
385
385
Free-cash
626
673
616
632

Estimated living cost  is $385 per week

$263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$600
$595
$621
$785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

317
126
1 213
-
unemployment
5
2
18
-
health
22
9
85
-
pensions
32
13
121
-
income
39
15
148
-
total
98
39
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.

317
126
1 213
-
pensions
62
25
237
-
total
62
25
237
-
Corporate
1 071
1 299
-
-
income
96
117
-
-
total
96
117
-
-
Dividends
975
1 182
-
-
withholding
185
225
-
-
social contributions
189
229
-
-
total
374
454
-
-
Income
1 450
1 450
1 450
1 450
Total tax
630
635
609
445
After tax
820
815
841
1 005
Living cost
220
220
220
220
Free-cash
600
595
621
785

Estimated living cost  is $220 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$799
$873
$548
$491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
194
pensions
-
-
-
290
health
-
-
-
188
total
-
-
-
672
Employee
337
-
1 084
-
unemployment
5
-
17
-
pensions
7
-
22
-
income
38
-
209
-
total
50
-
248
-
Employer
337
-
1 084
-
pensions
67
-
217
-
unemployment
3
-
9
-
health
44
-
141
-
total
114
-
367
-
Corporate
999
1 450
-
-
income
200
290
-
-
total
200
290
-
-
Dividends
800
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
364
290
615
672
After tax
1 086
1 160
835
778
Living cost
287
287
287
287
Free-cash
799
873
548
491

Estimated living cost  is $287 per week

$197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$77
-$150
$496
$727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
372
pensions
-
-
-
51
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
456
Employee
420
-
1 264
-
health
48
-
145
-
pensions
47
-
93
-
income
58
-
263
-
total
153
-
501
-
Employer
420
-
1 264
-
accident
7
-
21
-
pensions
68
-
134
-
unemployment
10
-
31
-
total
85
-
186
-
Corporate
944
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.

850
1 305
-
-
total
850
1 305
-
-
Dividends
94
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 106
1 333
687
456
After tax
344
117
763
994
Living cost
267
267
267
267
Free-cash
77
-150
496
727

Estimated living cost  is $267 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
122
-
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%.

1 328
1 450
-
-
total
-
-
-
-
Dividends
1 328
1 450
-
-
withholding
66
72
-
-
total
66
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
72
290
15
After tax
1 360
1 378
1 160
1 435
Living cost
97
97
97
97
Free-cash
1 263
1 281
1 063
1 338

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$671
$750
$521
$461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
192
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
health
-
-
-
64
total
-
-
-
673
Employee
431
-
1 158
-
unemployment
4
-
12
-
health
6
-
16
-
pensions

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

30
-
81
-
income
74
-
212
-
total
114
-
321
-
Employer
431
-
1 158
-
other
22
-
58
-
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.

73
-
197
-
unemployment
4
-
12
-
health
6
-
16
-
total
108
-
292
-
Corporate
910
1 450
-
-
income
191
304
-
-
total
191
304
-
-
Dividends
719
1 146
-
-
withholding
50
80
-
-
total
50
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
463
384
613
673
After tax
987
1 066
837
777
Living cost
316
316
316
316
Free-cash
671
750
521
461

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.
$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
$144
$234
$91
$226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
1 106
-
1 272
-
health
18
-
21
-
pensions
107
-
119
-
income
199
-
260
-
total
324
-
400
-
Employer
1 106
-
1 272
-
pensions
131
-
154
-
health
21
-
24
-
total
152
-
178
-
Corporate
193
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
156
1 175
-
-
withholding
12
160
-
-
total
12
160
-
-
Income
1 450
1 450
1 450
1 450
Total tax
525
435
578
443
After tax
925
1 015
872
1 007
Living cost
781
781
781
781
Free-cash
144
234
91
226

Estimated living cost  is $781 per week

$586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1030
$1084
$1015
$966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
61
health
-
-
-
48
total
-
-
-
328
Employee
206
-
1 369
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
9
-
19
-
pensions

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

18
-
36
-
income
21
-
137
-
total
50
-
197
-
Employer
206
-
1 369
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

23
-
46
-
unemployment
1
-
2
-
health
14
-
29
-
total
40
-
82
-
Corporate
1 203
1 450
-
-
income
120
145
-
-
total
120
145
-
-
Dividends
1 083
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
264
210
279
328
After tax
1 186
1 240
1 171
1 122
Living cost
156
156
156
156
Free-cash
1 030
1 084
1 015
966

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$80
$51
$126
$175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
332
pensions
-
-
-
139
health
-
-
-
146
total
-
-
-
617
Employee
1 101
1 014
1 234
-
health
137
132
145
-
pensions
139
139
139
-
income

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

166
166
166
-
total
442
437
450
-
Employer
1 101
1 014
1 234
-
pensions
77
71
86
-
unemployment
40
36
44
-
health
76
70
86
-
total
193
177
216
-
Corporate
157
259
-
-
income
31
52
-
-
total
31
52
-
-
Dividends
125
207
-
-
withholding
19
31
-
-
income
27
44
-
-
total
46
75
-
-
Income
1 450
1 450
1 450
1 450
Total tax
712
741
666
617
After tax
738
709
784
833
Living cost
658
658
658
658
Free-cash
80
51
126
175

Estimated living cost  is $658 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$598
$704
$441
$411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
423
income
-
-
-
125
health
-
-
-
196
solidarity contribution
-
-
-
-
total
-
-
-
744
Employee
434
-
1 082
-
solidarity contribution
-
-
-
-
health
59
-
146
-
social contributions
28
-
70
-
income
52
-
130
-
total
139
-
346
-
Employer
434
-
1 082
-
social contributions
108
-
271
-
health
39
-
97
-
total
147
-
368
-
Corporate
869
1 450
-
-
income
165
275
-
-
total
165
275
-
-
Dividends
704
1 175
-
-
withholding
106
176
-
-
total
106
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
557
451
714
744
After tax
893
999
736
706
Living cost
295
295
295
295
Free-cash
598
704
441
411

Estimated living cost  is $295 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$210
$272
$156
$225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
16
social contributions
-
-
-
373
municipal
-
-
-
9
national
-
-
-
326
total
-
-
-
724
Employee
1 055
-
1 450
-
national
183
-
282
-
regional
10
-
14
-
municipal
6
-
8
-
social contributions
356
-
489
-
total
555
-
793
-
Employer
1 055
-
1 450
-
total
-
-
-
-
Corporate
395
1 450
-
-
nationa
95
348
-
-
municipal
15
57
-
-
total
110
405
-
-
Dividends
285
1 045
-
-
withholding
74
272
-
-
total
74
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
677
793
724
After tax
711
773
657
726
Living cost
501
501
501
501
Free-cash
210
272
156
225

Estimated living cost  is $501 per week

$349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$615
$650
$419
$443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
308
pensions
-
-
-
290
health
-
-
-
103
surtax
-
-
-
41
total
-
-
-
745
Employee
393
-
1 198
-
surtax
1
-
38
-
unemployment
27
-
83
-
other
-
-
-
-
health
10
-
31
-
pensions
26
-
80
-
income
66
-
285
-
total
130
-
517
-
Employer
393
-
1 198
-
other
-
-
-
-
pensions
52
-
160
-
unemployment
12
-
38
-
health
18
-
54
-
total
82
-
252
-
Corporate
975
1 450
-
-
income
253
377
-
-
total
253
377
-
-
Dividends
721
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
573
538
769
745
After tax
877
912
681
705
Living cost
262
262
262
262
Free-cash
615
650
419
443

Estimated living cost  is $262 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$461
$481
$338
$473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
741
-
1 272
-
health
11
-
21
-
pensions
63
-
119
-
income
133
-
260
-
total
207
-
400
-
Employer
741
-
1 272
-
pensions
80
-
154
-
health
14
-
24
-
total
94
-
178
-
Corporate
615
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
498
1 175
-
-
withholding
37
160
-
-
total
37
160
-
-
Income
1 450
1 450
1 450
1 450
Total tax
455
435
578
443
After tax
995
1 015
872
1 007
Living cost
534
534
534
534
Free-cash
461
481
338
473

Estimated living cost  is $534 per week

$400
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
$124
-$279
$186
$259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
15
regional
-
-
-
56
pensions
-
-
-
133
national
-
-
-
13
health
-
-
-
3
total
-
-
-
249
Employee
1 102
-
1 298
-
national
5
-
10
-
unemployment
-
-
-
-
city
12
-
14
-
regional
36
-
48
-
health
2
-
3
-
pensions
93
-
109
-
total
148
-
184
-
Employer
1 102
-
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
-
pensions
93
-
109
-
unemployment
-
-
-
-
health
2
-
3
-
total
117
-
138
-
Corporate
219
1 450
-
-
regional
46
307
-
-
national
19
123
-
-
total
65
430
-
-
Dividends
154
1 020
-
-
withholding
54
357
-
-
total
54
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
384
787
322
249
After tax
1 066
663
1 128
1 201
Living cost
942
942
942
942
Free-cash
124
-279
186
259

Estimated living cost  is $942 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
$366
$173
$427
$273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
154
income

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

-
-
-
377
health

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

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

-
-
-
81
surtax

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

-
-
-
21
total
-
-
-
633
Employee

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

713
-
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
-
health

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

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

81
-
81
-
income

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

84
-
377
-
total
170
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
737
1 450
-
-
trade
126
249
-
-
income
110
218
-
-
surtax

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

6
12
-
-
chamber of commerce
3
4
-
-
total
245
483
-
-
Dividends
491
968
-
-
withholding
118
237
-
-
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
-
-
total
125
250
-
-
Income
1 450
1 450
1 450
1 450
Total tax
540
733
479
633
After tax
910
717
971
817
Living cost
544
544
544
544
Free-cash
366
173
427
273

Estimated living cost  is $544 per week

$397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$395
$324
$463
$422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
175
pensions
-
-
-
320
health
-
-
-
41
surtax
-
-
-
-
total
-
-
-
622
Employee
508
-
1 158
-
surtax
-
-
-
-
pensions
57
-
65
-
social contributions
14
-
33
-
income
30
-
192
-
total
101
-
290
-
Employer
508
-
1 158
-
other
18
-
40
-
pensions
83
-
112
-
unemployment
21
-
47
-
social contributions
2
-
3
-
health
36
-
89
-
total
160
-
291
-
Corporate
783
1 450
-
-
income
219
406
-
-
surtax
-
-
-
-
total
219
406
-
-
Dividends
564
1 044
-
-
withholding
72
134
-
-
social contributions
97
180
-
-
surtax
-
-
-
-
total
169
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
649
720
581
622
After tax
801
730
869
828
Living cost
406
406
406
406
Free-cash
395
324
463
422

Estimated living cost  is $406 per week

$256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$431
$364
$503
$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
other
-
-
-
45
social contributions
-
-
-
41
income
-
-
-
175
pensions
-
-
-
320
health
-
-
-
41
surtax
-
-
-
-
total
-
-
-
622
Employee
454
-
1 158
-
surtax
-
-
-
-
pensions
51
-
65
-
social contributions
13
-
33
-
income
23
-
192
-
total
87
-
290
-
Employer
454
-
1 158
-
other
16
-
40
-
pensions
75
-
112
-
unemployment
18
-
47
-
social contributions
1
-
3
-
health
32
-
89
-
total
142
-
291
-
Corporate
855
1 450
-
-
income
239
406
-
-
surtax
-
-
-
-
total
239
406
-
-
Dividends
615
1 044
-
-
withholding
79
134
-
-
social contributions
106
180
-
-
surtax
-
-
-
-
total
185
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
653
720
581
622
After tax
797
730
869
828
Living cost
366
366
366
366
Free-cash
431
364
503
462

Estimated living cost  is $366 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$640
$633
$668
$679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
218
health
-
-
-
101
total
-
-
-
519
Employee
403
-
1 450
-
health
28
-
101
-
social contributions
56
-
200
-
income
67
-
229
-
total
151
-
530
-
Employer
403
-
1 450
-
total
-
-
-
-
Corporate
1 047
1 450
-
-
income

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

52
72
-
-
total
52
72
-
-
Dividends
995
1 378
-
-
health
69
96
-
-
withholding
149
207
-
-
social contributions
137
190
-
-
total
355
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
565
530
519
After tax
892
885
920
931
Living cost
252
252
252
252
Free-cash
640
633
668
679

Estimated living cost  is $252 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$372
$392
-$13
$304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
unemployment
-
-
-
73
income
-
-
-
284
pensions
-
-
-
257
health
-
-
-
106
surtax
-
-
-
2
total
-
-
-
728
Employee
593
473
1 124
-
unemployment
18
14
34
-
other
6
5
11
-
health
23
18
44
-
pensions
61
48
115
-
income
68
35
245
-
total
176
120
449
-
Employer
593
473
1 124
-
payroll
18
14
34
-
other
28
22
53
-
accident
8
6
15
-
pensions
74
59
141
-
unemployment
18
14
34
-
chamber of commerce
2
2
5
-
surtax
2
2
2
-
health
22
18
42
-
total
172
137
326
-
Corporate
684
838
1 079
-
income

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

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

171
210
270
-
total
171
210
270
-
Dividends
513
629
-
-
withholding
141
173
-
-
total
141
173
-
-
Income
1 450
1 450
1 450
1 450
Total tax
660
640
1 045
728
After tax
790
810
405
722
Living cost
418
418
418
418
Free-cash
372
392
-13
304

Estimated living cost  is $418 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$203
$379
$113
$220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
493
communal

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

-
-
-
73
total
-
-
-
797
Employee

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

849
-
1 123
-
national
261
-
371
-
unemployment

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

7
-
10
-
health

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

40
-
53
-
pensions

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

64
-
84
-
communal

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

44
-
59
-
total
416
-
577
-
Employer

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

849
-
1 123
-
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.

75
-
100
-
unemployment

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

12
-
16
-
surtax
96
-
127
-
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
-
total
246
-
327
-
Corporate
354
1 450
-
-
income
71
290
-
-
surtax
1
6
-
-
total
72
296
-
-
Dividends
281
1 154
-
-
withholding

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

80
342
-
-
total
80
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
814
638
904
797
After tax
636
812
546
653
Living cost
433
433
433
433
Free-cash
203
379
113
220

Estimated living cost  is $433 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$451
$545
$317
$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
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
318
pensions
-
-
-
311
accident
-
-
-
10
total
-
-
-
648
Employee
591
-
1 099
-
unemployment
9
-
17
-
other
1
-
1
-
pensions
28
-
52
-
income
125
-
284
-
total
163
-
354
-
Employer
591
-
1 099
-
other
5
-
9
-
accident
12
-
22
-
pensions
139
-
259
-
unemployment
33
-
60
-
total
189
-
350
-
Corporate
671
1 450
-
-
income

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

101
218
-
-
total
101
218
-
-
Dividends
570
1 232
-
-
withholding
117
258
-
-
total
117
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
570
476
704
648
After tax
880
974
746
802
Living cost
429
429
429
429
Free-cash
451
545
317
373

Estimated living cost  is $429 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$120
$231
$200
$144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
166
pensions
-
-
-
217
accident
-
-
-
12
communal
-
-
-
92
health
-
-
-
102
surtax
-
-
-
72
total
-
-
-
661
Employee
899
-
1 295
-
surtax
55
-
79
-
health
40
-
58
-
pensions
72
-
104
-
income
87
-
208
-
total
254
-
449
-
Employer
899
-
1 295
-
accident
8
-
12
-
pensions
72
-
104
-
health
27
-
40
-
total
107
-
156
-
Corporate
444
1 450
-
-
income
67
218
-
-
communal
30
98
-
-
surtax
5
15
-
-
total
102
331
-
-
Dividends
342
1 119
-
-
withholding
51
168
-
-
income
171
75
-
-
total
222
243
-
-
Income
1 450
1 450
1 450
1 450
Total tax
685
574
605
661
After tax
765
876
845
789
Living cost
645
645
645
645
Free-cash
120
231
200
144

Estimated living cost  is $645 per week

$484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$608
$645
$414
$438
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
308
pensions
-
-
-
290
health
-
-
-
103
surtax
-
-
-
41
total
-
-
-
745
Employee
400
-
1 198
-
surtax
1
-
38
-
unemployment
28
-
83
-
other
-
-
-
-
health
10
-
31
-
pensions
27
-
80
-
income
67
-
285
-
total
133
-
517
-
Employer
400
-
1 198
-
other
-
-
-
-
pensions
53
-
160
-
unemployment
13
-
38
-
health
18
-
54
-
total
84
-
252
-
Corporate
966
1 450
-
-
income
251
377
-
-
total
251
377
-
-
Dividends
715
1 073
-
-
withholding
107
161
-
-
total
107
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
575
538
769
745
After tax
875
912
681
705
Living cost
267
267
267
267
Free-cash
608
645
414
438

Estimated living cost  is $267 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$417
$442
$331
$400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
22
social contributions
-
-
-
373
municipal
-
-
-
9
national
-
-
-
326
total
-
-
-
730
Employee
659
-
1 450
-
national
104
-
282
-
regional
9
-
20
-
municipal
3
-
8
-
social contributions
222
-
489
-
total
338
-
799
-
Employer
659
-
1 450
-
total
-
-
-
-
Corporate
791
1 450
-
-
nationa
190
348
-
-
municipal
39
72
-
-
total
229
420
-
-
Dividends
562
1 030
-
-
withholding
146
268
-
-
total
146
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
713
688
799
730
After tax
737
762
651
720
Living cost
320
320
320
320
Free-cash
417
442
331
400

Estimated living cost  is $320 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$506
$636
$373
$343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
423
income
-
-
-
125
health
-
-
-
196
solidarity contribution
-
-
-
-
total
-
-
-
744
Employee
534
-
1 082
-
solidarity contribution
-
-
-
-
health
72
-
146
-
social contributions
35
-
70
-
income
64
-
130
-
total
171
-
346
-
Employer
534
-
1 082
-
social contributions
134
-
271
-
health
48
-
97
-
total
182
-
368
-
Corporate
734
1 450
-
-
income
139
275
-
-
total
139
275
-
-
Dividends
595
1 175
-
-
withholding
89
176
-
-
total
89
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
581
451
714
744
After tax
869
999
736
706
Living cost
363
363
363
363
Free-cash
506
636
373
343

Estimated living cost  is $363 per week

$270
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$424
$433
$27
$345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
unemployment
-
-
-
73
income
-
-
-
284
pensions
-
-
-
257
health
-
-
-
106
surtax
-
-
-
-
total
-
-
-
726
Employee
519
473
1 126
-
unemployment
16
14
34
-
other
5
5
11
-
health
20
18
44
-
pensions
53
48
115
-
income
46
35
245
-
total
140
120
449
-
Employer
519
473
1 126
-
payroll
16
14
34
-
other
25
22
53
-
accident
7
6
15
-
pensions
65
59
141
-
unemployment
16
14
34
-
chamber of commerce
2
2
5
-
surtax
-
-
-
-
health
20
18
43
-
total
151
135
325
-
Corporate
782
841
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.

195
210
270
-
total
195
210
270
-
Dividends
586
631
-
-
withholding
161
173
-
-
total
161
173
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
638
1 044
726
After tax
803
812
406
724
Living cost
379
379
379
379
Free-cash
424
433
27
345

Estimated living cost  is $379 per week

$227
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.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1197
$1226
$1008
$1283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
189
-
1 450
-
income
38
-
290
-
total
38
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 261
1 450
-
-
total
-
-
-
-
Dividends
1 261
1 450
-
-
withholding
63
72
-
-
total
63
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
101
72
290
15
After tax
1 349
1 378
1 160
1 435
Living cost
152
152
152
152
Free-cash
1 197
1 226
1 008
1 283

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$582
$681
$379
$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

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

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

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

-
-
-
1 450
unemployment
-
-
-
2
income
-
-
-
302
pensions
-
-
-
265
health
-
-
-
143
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.

525
-
1 255
-
unemployment
1
-
2
-
health
34
-
81
-
pensions
81
-
194
-
income
91
-
280
-
total
207
-
557
-
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.

525
-
1 255
-
pensions
46
-
111
-
unemployment
-
-
1
-
health
35
-
84
-
total
81
-
196
-
Corporate
843
1 450
-
-
income
160
275
-
-
total
160
275
-
-
Dividends
683
1 175
-
-
withholding
102
176
-
-
total
102
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
451
753
712
After tax
900
999
697
738
Living cost
318
318
318
318
Free-cash
582
681
379
420

Estimated living cost  is $318 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-$295
$377
$791
$497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
724
-
-
-
social contributions
59
-
8
-
income
160
-
-
-
total
219
-
8
-
Employer
724
-
-
-
social contributions
1 021
-
146
-
total
1 021
-
146
-
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
1 240
568
154
448
After tax
210
882
1 296
1 002
Living cost
505
505
505
505
Free-cash
-295
377
791
497

Estimated living cost  is $505 per week

$328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$440
$453
$336
$426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
148
surtax
-
-
-
-
total
-
-
-
652
Employee
546
-
1 172
-
surtax
-
-
-
-
social contributions
60
-
129
-
income
114
-
335
-
total
174
-
464
-
Employer
546
-
1 172
-
social contributions
130
-
278
-
total
130
-
278
-
Corporate
774
1 450
-
-
income
163
304
-
-
surtax
-
-
-
-
total
163
304
-
-
Dividends
612
1 146
-
-
withholding
171
321
-
-
total
171
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
625
742
652
After tax
812
825
708
798
Living cost
372
372
372
372
Free-cash
440
453
336
426

Estimated living cost  is $372 per week

$279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$239
$157
$296
$255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
175
pensions
-
-
-
320
health
-
-
-
41
surtax
-
-
-
-
total
-
-
-
622
Employee
744
-
1 158
-
surtax
-
-
-
-
pensions
84
-
65
-
social contributions
21
-
33
-
income
65
-
192
-
total
170
-
290
-
Employer
744
-
1 158
-
other
26
-
40
-
pensions
122
-
112
-
unemployment
30
-
47
-
social contributions
2
-
3
-
health
52
-
89
-
total
232
-
291
-
Corporate
474
1 450
-
-
income
133
406
-
-
surtax
-
-
-
-
total
133
406
-
-
Dividends
341
1 044
-
-
withholding
44
134
-
-
social contributions
59
180
-
-
surtax
-
-
-
-
total
103
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
720
581
622
After tax
812
730
869
828
Living cost
573
573
573
573
Free-cash
239
157
296
255

Estimated living cost  is $573 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$908
$948
$771
$733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
41
social contributions
-
-
-
319
total
-
-
-
360
Employee
382
-
1 255
-
social contributions
25
-
82
-
income
-
-
45
-
total
25
-
127
-
Employer
382
-
1 255
-
social contributions
59
-
195
-
total
59
-
195
-
Corporate
1 009
1 450
-
-
income
101
145
-
-
total
101
145
-
-
Dividends
908
1 305
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
185
145
322
360
After tax
1 265
1 305
1 128
1 090
Living cost
357
357
357
357
Free-cash
908
948
771
733

Estimated living cost  is $357 per week

$231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1133
-$1133
-$1133
$313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
pensions
-
-
-
10
municipal
-
-
-
283
labour market
-
-
-
115
national
-
-
-
158
total
-
-
-
566
Employee
2 410
2 410
2 410
-
national
294
294
294
-
municipal
513
513
513
-
labour market
193
193
193
-
pensions
3
3
3
-
total
1 003
1 003
1 003
-
Employer
2 410
2 410
2 410
-
municipal
514
514
514
-
pensions
7
7
7
-
national
295
295
295
-
labour market
193
193
193
-
total
1 009
1 009
1 009
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
2 012
2 012
2 012
566
After tax
-562
-562
-562
884
Living cost
571
571
571
571
Free-cash
-1 133
-1 133
-1 133
313

Estimated living cost  is $571 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$77
-$146
$500
$731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
372
pensions
-
-
-
51
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
456
Employee
414
-
1 264
-
health
47
-
145
-
pensions
47
-
93
-
income
57
-
263
-
total
151
-
501
-
Employer
414
-
1 264
-
accident
7
-
21
-
pensions
67
-
134
-
unemployment
10
-
31
-
total
84
-
186
-
Corporate
952
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.

857
1 305
-
-
total
857
1 305
-
-
Dividends
95
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 110
1 333
687
456
After tax
340
117
763
994
Living cost
263
263
263
263
Free-cash
77
-146
500
731

Estimated living cost  is $263 per week

$192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$488
$488
$346
$544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
municipal
-
-
-
258
national
-
-
-
175
health
-
-
-
17
total
-
-
-
450
Employee
625
-
1 220
-
national
10
-
105
-
unemployment
9
-
18
-
health
5
-
14
-
municipal
102
-
199
-
pensions
42
-
82
-
total
168
-
418
-
Employer
625
-
1 220
-
accident
1
-
1
-
pensions
108
-
212
-
unemployment
4
-
8
-
health
5
-
9
-
total
118
-
230
-
Corporate
708
1 450
-
-
income
142
290
-
-
total
142
290
-
-
Dividends

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

425
870
-
-
municipal
76
157
-
-
national
2
59
-
-
total
78
216
-
-
Income
1 450
1 450
1 450
1 450
Total tax
506
506
648
450
After tax
944
944
802
1 000
Living cost
456
456
456
456
Free-cash
488
488
346
544

Estimated living cost  is $456 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$719
$783
$726
$742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
income
-
-
-
204
health
-
-
-
37
total
-
-
-
433
Employee
913
913
1 323
-
health
7
16
23
-
social contributions
35
76
102
-
income
99
85
198
-
total
141
177
323
-
Employer
913
913
1 323
-
social contributions
35
76
102
-
health
8
17
24
-
total
43
93
126
-
Corporate
992
444
-
-
income
124
56
-
-
total
124
56
-
-
Dividends
868
389
-
-
withholding
148
66
-
-
total
148
66
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
392
449
433
After tax
994
1 058
1 001
1 017
Living cost
275
275
275
275
Free-cash
719
783
726
742

Estimated living cost  is $275 per week

$165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$953
$1012
$762
$1001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 450
unemployment
-
-
-
-
income
-
-
-
142
pensions
-
-
-
76
health
-
-
-
43
total
-
-
-
261
Employee

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

272
-
1 334
-
unemployment
1
-
6
-
health
23
-
96
-
pensions
41
-
169
-
income
19
-
113
-
total
84
-
384
-
Employer

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

272
-
1 334
-
pensions
15
-
62
-
unemployment
1
-
6
-
health
12
-
48
-
total
28
-
116
-
Corporate
1 149
1 450
-
-
income
103
131
-
-
total
103
131
-
-
Dividends
1 046
1 319
-
-
withholding
94
119
-
-
total
94
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
309
250
500
261
After tax
1 141
1 200
950
1 189
Living cost
188
188
188
188
Free-cash
953
1 012
762
1 001

Estimated living cost  is $188 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$586
$648
$420
$476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
8
income
-
-
-
318
pensions
-
-
-
311
accident
-
-
-
10
total
-
-
-
648
Employee
439
-
1 099
-
unemployment
7
-
17
-
other
-
-
1
-
pensions
21
-
52
-
income
85
-
284
-
total
113
-
354
-
Employer
439
-
1 099
-
other
4
-
9
-
accident
9
-
22
-
pensions
104
-
259
-
unemployment
24
-
60
-
total
141
-
350
-
Corporate
871
1 450
-
-
income

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

131
218
-
-
total
131
218
-
-
Dividends
740
1 232
-
-
withholding
153
258
-
-
total
153
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
538
476
704
648
After tax
912
974
746
802
Living cost
326
326
326
326
Free-cash
586
648
420
476

Estimated living cost  is $326 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$878
$882
$904
$907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
492
pensions
-
-
-
16
health
-
-
-
12
total
-
-
-
520
Employee
34
-
1 432
-
unemployment
-
-
1
-
health
2
-
4
-
pensions
3
-
7
-
income
7
-
492
-
total
12
-
504
-
Employer
34
-
1 432
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
1 408
1 450
-
-
income
310
319
-
-
total
310
319
-
-
Dividends
1 098
1 131
-
-
withholding
220
226
-
-
total
220
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
545
523
520
After tax
900
905
927
930
Living cost
22
22
22
22
Free-cash
878
882
904
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.
$1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$785
$843
$600
$601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 450
unemployment
-
-
-
13
income
-
-
-
313
pensions
-
-
-
228
health
-
-
-
90
total
-
-
-
644
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.

309
-
1 293
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
43
-
123
-
income
43
-
313
-
total
104
-
488
-
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.

309
-
1 293
-
pensions
37
-
105
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
157
-
Corporate
1 086
1 450
-
-
income
163
217
-
-
total
163
217
-
-
Dividends
923
1 233
-
-
withholding
138
185
-
-
total
138
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
460
402
645
644
After tax
990
1 048
805
806
Living cost
205
205
205
205
Free-cash
785
843
600
601

Estimated living cost  is $205 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$500
$505
$388
$478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
148
surtax
-
-
-
-
total
-
-
-
652
Employee
461
-
1 172
-
surtax
-
-
-
-
social contributions
51
-
129
-
income
90
-
335
-
total
141
-
464
-
Employer
461
-
1 172
-
social contributions
109
-
278
-
total
109
-
278
-
Corporate
880
1 450
-
-
income
185
304
-
-
surtax
-
-
-
-
total
185
304
-
-
Dividends
695
1 146
-
-
withholding
195
321
-
-
total
195
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
630
625
742
652
After tax
820
825
708
798
Living cost
320
320
320
320
Free-cash
500
505
388
478

Estimated living cost  is $320 per week

$227
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
$468
$557
$329
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
318
pensions
-
-
-
311
accident
-
-
-
10
total
-
-
-
648
Employee
573
-
1 099
-
unemployment
9
-
17
-
other
1
-
1
-
pensions
27
-
52
-
income
120
-
284
-
total
157
-
354
-
Employer
573
-
1 099
-
other
5
-
9
-
accident
11
-
22
-
pensions
135
-
259
-
unemployment
32
-
60
-
total
183
-
350
-
Corporate
694
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.

104
218
-
-
total
104
218
-
-
Dividends
590
1 232
-
-
withholding
121
258
-
-
total
121
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
565
476
704
648
After tax
885
974
746
802
Living cost
417
417
417
417
Free-cash
468
557
329
385

Estimated living cost  is $417 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$962
$1036
$967
$918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
61
health
-
-
-
48
total
-
-
-
328
Employee
270
-
1 369
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
12
-
19
-
pensions

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

24
-
36
-
income
27
-
137
-
total
66
-
197
-
Employer
270
-
1 369
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

30
-
46
-
unemployment
2
-
2
-
health
19
-
29
-
total
54
-
82
-
Corporate
1 127
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 014
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
210
279
328
After tax
1 166
1 240
1 171
1 122
Living cost
204
204
204
204
Free-cash
962
1 036
967
918

Estimated living cost  is $204 per week

$135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$444
$288
$513
$384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
129
income

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

-
-
-
377
health

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

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

-
-
-
81
surtax

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

-
-
-
21
total
-
-
-
608
Employee

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

591
-
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
-
health

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

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

81
-
81
-
income

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

49
-
377
-
total
133
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
859
1 450
-
-
trade
123
208
-
-
income
129
218
-
-
surtax

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

7
12
-
-
chamber of commerce
3
4
-
-
total
262
442
-
-
Dividends
597
1 009
-
-
withholding
145
248
-
-
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
-
-
total
153
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
548
704
479
608
After tax
902
746
971
842
Living cost
458
458
458
458
Free-cash
444
288
513
384

Estimated living cost  is $458 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$366
$339
$256
$256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
134
income
-
-
-
384
total
-
-
-
518
Employee
929
-
1 450
-
social contributions
77
-
134
-
income
175
-
384
-
total
252
-
518
-
Employer
929
-
1 450
-
total
-
-
-
-
Corporate
521
1 450
-
-
income
65
181
-
-
total
65
181
-
-
Dividends
456
1 269
-
-
withholding
91
254
-
-
total
91
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
408
435
518
518
After tax
1 042
1 015
932
932
Living cost
676
676
676
676
Free-cash
366
339
256
256

Estimated living cost  is $676 per week

$514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$489
$449
$637
$609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 450
health

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

-
-
-
72
income
-
-
-
338
total
-
-
-
410
Employee
545
-
1 395
-
social contributions
55
-
55
-
income
59
-
272
-
total
114
-
327
-
Employer
545
-
1 395
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
851
1 450
-
-
income
298
507
-
-
total
298
507
-
-
Dividends
553
943
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 450
1 450
1 450
1 450
Total tax
530
570
382
410
After tax
920
880
1 068
1 040
Living cost
431
431
431
431
Free-cash
489
449
637
609

Estimated living cost  is $431 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$587
$581
$438
$573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
596
-
1 272
-
health
8
-
21
-
pensions
45
-
119
-
income
108
-
260
-
total
161
-
400
-
Employer
596
-
1 272
-
pensions
60
-
154
-
health
11
-
24
-
total
71
-
178
-
Corporate
783
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
634
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
434
434
434
434
Free-cash
587
581
438
573

Estimated living cost  is $434 per week

$298
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
$74
-$172
$474
$705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
372
pensions
-
-
-
51
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
456
Employee
455
-
1 264
-
health
52
-
145
-
pensions
51
-
93
-
income
62
-
263
-
total
165
-
501
-
Employer
455
-
1 264
-
accident
8
-
21
-
pensions
74
-
134
-
unemployment
11
-
31
-
total
93
-
186
-
Corporate
902
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.

812
1 305
-
-
total
812
1 305
-
-
Dividends
90
145
-
-
withholding
17
28
-
-
total
17
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 087
1 333
687
456
After tax
363
117
763
994
Living cost
289
289
289
289
Free-cash
74
-172
474
705

Estimated living cost  is $289 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1005
$1060
$800
$663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
unemployment
-
-
-
17
income
-
-
-
229
pensions
-
-
-
267
health insurance
-
-
-
107
work injury
-
-
-
7
total
-
-
-
627
Employee

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

257
-
1 450
-
health insurance
19
-
70
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
229
-
total
96
-
490
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 193
1 450
-
-
income

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

12
15
-
-
total
12
15
-
-
Dividends
1 182
1 435
-
-
withholding
177
215
-
-
total
177
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
285
230
490
627
After tax
1 165
1 220
960
823
Living cost
160
160
160
160
Free-cash
1 005
1 060
800
663

Estimated living cost  is $160 per week

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

Source of data for Skopje model

Close
Rome , Italy
$237
$291
$170
$237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
31
social contributions
-
-
-
373
municipal
-
-
-
10
national
-
-
-
326
total
-
-
-
740
Employee
1 000
-
1 450
-
national
169
-
282
-
regional
15
-
27
-
municipal
6
-
9
-
social contributions
337
-
489
-
total
527
-
807
-
Employer
1 000
-
1 450
-
total
-
-
-
-
Corporate
450
1 450
-
-
nationa
108
348
-
-
municipal
22
70
-
-
total
130
418
-
-
Dividends
320
1 032
-
-
withholding
83
268
-
-
total
83
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
740
686
807
740
After tax
710
764
643
710
Living cost
473
473
473
473
Free-cash
237
291
170
237

Estimated living cost  is $473 per week

$332
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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