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
$372
$611
$470
$503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
income

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

-
-
-
376
surtax

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

-
-
-
21
health

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

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

-
-
-
81
trade
-
-
-
141
total
-
-
-
619
Employee

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

456
-
1 450
-
surtax

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

1
-
21
-
income

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

13
-
376
-
health

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

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

81
-
81
-
total
95
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
994
1 450
-
-
income
149
217
-
-
surtax

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

8
12
-
-
chamber of commerce
3
4
-
-
trade
157
228
-
-
total
317
461
-
-
Dividends
677
988
-
-
surtax

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

9
13
-
-
withholding
165
243
-
-
total
174
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
586
717
478
619
After tax
864
733
972
831
Living cost
361
361
361
361
Free-cash
503
372
611
470

Estimated living cost  is $361 per week

$227
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
$274
$250
$237
$263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

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

Estimated living cost  is $631 per week

$429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$912
$566
$160
$814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 450
income
-
-
-
215
surtax
-
-
-
370
social contributions

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

-
-
-
457
microenterprise
-
-
-
-
total
-
-
-
1 042
Employee
348
-
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
348
-
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
1 018
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.

814
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
388
290
636
1 042
After tax
1 062
1 160
814
408
Living cost
248
248
248
248
Free-cash
814
912
566
160

Estimated living cost  is $248 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.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$208
$283
$333
$136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
331
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
618
Employee
1 018
1 018
1 234
-
pensions
183
140
140
-
income

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

167
167
167
-
health
156
133
145
-
total
506
440
452
-
Employer
1 018
1 018
1 234
-
health
71
71
86
-
pensions
71
71
86
-
unemployment
37
37
44
-
total
179
179
216
-
Corporate
266
254
-
-
income
53
51
-
-
total
53
51
-
-
Dividends
213
203
-
-
income
45
43
-
-
withholding
32
30
-
-
total
77
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
815
743
668
618
After tax
635
707
782
832
Living cost
499
499
499
499
Free-cash
136
208
283
333

Estimated living cost  is $499 per week

$354
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.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$300
$270
$283
$290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
2
other
-
-
-
125
unemployment
-
-
-
1
health
-
-
-
67
municipal
-
-
-
339
national
-
-
-
24
pensions
-
-
-
117
total
-
-
-
675
Employee
701
-
1 111
-
municipal
209
-
331
-
national
-
-
19
-
total
209
-
350
-
Employer
701
-
1 111
-
health
43
-
66
-
pensions
76
-
117
-
accident
1
-
2
-
unemployment
18
-
28
-
other
81
-
125
-
total
219
-
338
-
Corporate
529
1 450
-
-
income
116
319
-
-
total
116
319
-
-
Dividends
413
1 131
-
-
withholding
124
339
-
-
total
124
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
668
658
688
675
After tax
782
792
762
775
Living cost
492
492
492
492
Free-cash
290
300
270
283

Estimated living cost  is $492 per week

$326
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
$257
$504
$357
$424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
income

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

-
-
-
376
surtax

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

-
-
-
21
health

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

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

-
-
-
81
trade
-
-
-
147
total
-
-
-
625
Employee

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

605
-
1 450
-
surtax

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

3
-
21
-
income

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

52
-
376
-
health

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

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

81
-
81
-
total
136
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
845
1 450
-
-
income
127
217
-
-
surtax

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

7
12
-
-
chamber of commerce
3
4
-
-
trade
139
239
-
-
total
276
472
-
-
Dividends
570
978
-
-
surtax

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

8
13
-
-
withholding
138
240
-
-
total
146
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
725
478
625
After tax
892
725
972
825
Living cost
468
468
468
468
Free-cash
424
257
504
357

Estimated living cost  is $468 per week

$313
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$673
$614
$630
$623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
203
social contributions
-
-
-
193
health
-
-
-
37
total
-
-
-
433
Employee
917
917
1 323
-
social contributions
45
76
103
-
income
96
85
197
-
health
9
16
22
-
total
150
177
322
-
Employer
917
917
1 323
-
health
10
17
24
-
social contributions
45
76
103
-
total
55
93
127
-
Corporate
859
440
-
-
income
107
55
-
-
total
107
55
-
-
Dividends
752
385
-
-
withholding
128
65
-
-
total
128
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
440
390
449
433
After tax
1 010
1 060
1 001
1 017
Living cost
387
387
387
387
Free-cash
623
673
614
630

Estimated living cost  is $387 per week

$264
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.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$596
$622
$786
$600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

316
126
1 213
-
unemployment
5
2
18
-
pensions
32
13
121
-
income
39
15
148
-
health
22
9
85
-
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.

316
126
1 213
-
pensions
62
25
237
-
total
62
25
237
-
Corporate
1 072
1 300
-
-
income
97
117
-
-
total
97
117
-
-
Dividends
976
1 183
-
-
social contributions
189
229
-
-
withholding
185
225
-
-
total
374
454
-
-
Income
1 450
1 450
1 450
1 450
Total tax
631
635
609
445
After tax
819
815
841
1 005
Living cost
219
219
219
219
Free-cash
600
596
622
786

Estimated living cost  is $219 per week

$149
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
$872
$547
$490
$797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
194
health
-
-
-
188
pensions
-
-
-
290
total
-
-
-
672
Employee
338
-
1 084
-
unemployment
5
-
17
-
pensions
7
-
22
-
income
38
-
209
-
total
50
-
248
-
Employer
338
-
1 084
-
health
44
-
141
-
pensions
68
-
217
-
unemployment
3
-
9
-
total
115
-
367
-
Corporate
998
1 450
-
-
income
200
290
-
-
total
200
290
-
-
Dividends
798
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
365
290
615
672
After tax
1 085
1 160
835
778
Living cost
288
288
288
288
Free-cash
797
872
547
490

Estimated living cost  is $288 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.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$149
$498
$729
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
372
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
455
Employee
418
-
1 265
-
pensions
47
-
92
-
income
57
-
264
-
health
48
-
145
-
total
152
-
501
-
Employer
418
-
1 265
-
pensions
68
-
133
-
accident
7
-
21
-
unemployment
10
-
31
-
total
85
-
185
-
Corporate
947
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.

852
1 305
-
-
total
852
1 305
-
-
Dividends
95
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 107
1 333
686
455
After tax
343
117
764
995
Living cost
266
266
266
266
Free-cash
77
-149
498
729

Estimated living cost  is $266 per week

$195
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
$1279
$1062
$1337
$1262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
73
-
-
total
66
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
73
290
15
After tax
1 360
1 377
1 160
1 435
Living cost
98
98
98
98
Free-cash
1 262
1 279
1 062
1 337

Estimated living cost  is $98 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
$747
$519
$459
$667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
348
total
-
-
-
673
Employee
433
-
1 158
-
unemployment
4
-
12
-
pensions

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

30
-
81
-
income
75
-
212
-
health
6
-
16
-
total
115
-
321
-
Employer
433
-
1 158
-
health
6
-
16
-
pensions

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

74
-
197
-
accident
3
-
9
-
unemployment
4
-
12
-
other
22
-
58
-
total
109
-
292
-
Corporate
908
1 450
-
-
income
191
305
-
-
total
191
305
-
-
Dividends
717
1 145
-
-
withholding
50
80
-
-
total
50
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
465
385
613
673
After tax
985
1 065
837
777
Living cost
318
318
318
318
Free-cash
667
747
519
459

Estimated living cost  is $318 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.
$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 Bratislava model

Close
London , United Kingdom
$225
$82
$216
$129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
346
pensions
-
-
-
94
total
-
-
-
440
Employee
1 124
-
1 273
-
pensions
108
-
120
-
income
203
-
256
-
health
19
-
21
-
total
330
-
397
-
Employer
1 124
-
1 273
-
health
21
-
24
-
pensions
133
-
153
-
total
154
-
177
-
Corporate
172
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.

33
275
-
-
total
33
275
-
-
Dividends
139
1 175
-
-
withholding
10
156
-
-
total
10
156
-
-
Income
1 450
1 450
1 450
1 450
Total tax
527
431
574
440
After tax
923
1 019
876
1 010
Living cost
794
794
794
794
Free-cash
129
225
82
216

Estimated living cost  is $794 per week

$595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$93
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1084
$1014
$964
$1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
218
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
330
Employee
207
-
1 368
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
137
-
health
10
-
19
-
total
51
-
198
-
Employer
207
-
1 368
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
82
-
Corporate
1 202
1 450
-
-
income
120
145
-
-
total
120
145
-
-
Dividends
1 082
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
265
210
280
330
After tax
1 185
1 240
1 170
1 120
Living cost
156
156
156
156
Free-cash
1 029
1 084
1 014
964

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
$46
$121
$171
$76
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
331
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
618
Employee
1 105
1 018
1 234
-
pensions
140
140
140
-
income

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

167
167
167
-
health
138
133
145
-
total
445
440
452
-
Employer
1 105
1 018
1 234
-
health
77
71
86
-
pensions
77
71
86
-
unemployment
40
37
44
-
total
194
179
216
-
Corporate
151
254
-
-
income
30
51
-
-
total
30
51
-
-
Dividends
121
203
-
-
income
26
43
-
-
withholding
18
30
-
-
total
44
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
713
743
668
618
After tax
737
707
782
832
Living cost
661
661
661
661
Free-cash
76
46
121
171

Estimated living cost  is $661 per week

$488
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.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$703
$440
$410
$597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
125
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
196
total
-
-
-
744
Employee
436
-
1 082
-
solidarity contribution
-
-
-
-
social contributions
28
-
70
-
income
52
-
130
-
health
59
-
146
-
total
139
-
346
-
Employer
436
-
1 082
-
health
39
-
97
-
social contributions
109
-
271
-
total
148
-
368
-
Corporate
866
1 450
-
-
income
165
275
-
-
total
165
275
-
-
Dividends
702
1 175
-
-
withholding
105
176
-
-
total
105
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
557
451
714
744
After tax
893
999
736
706
Living cost
296
296
296
296
Free-cash
597
703
440
410

Estimated living cost  is $296 per week

$206
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$270
$154
$223
$208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
16
municipal
-
-
-
9
national
-
-
-
326
total
-
-
-
724
Employee
1 060
-
1 450
-
municipal
6
-
8
-
national
184
-
282
-
regional
10
-
14
-
social contributions
357
-
489
-
total
557
-
793
-
Employer
1 060
-
1 450
-
total
-
-
-
-
Corporate
390
1 450
-
-
municipal
15
57
-
-
nationa
94
348
-
-
total
109
405
-
-
Dividends
282
1 045
-
-
withholding
73
272
-
-
total
73
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
677
793
724
After tax
711
773
657
726
Living cost
503
503
503
503
Free-cash
208
270
154
223

Estimated living cost  is $503 per week

$351
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$649
$420
$443
$613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
307
other
-
-
-
-
surtax
-
-
-
41
unemployment
-
-
-
3
health
-
-
-
103
pensions
-
-
-
290
total
-
-
-
744
Employee
394
-
1 198
-
other
-
-
-
-
unemployment
27
-
83
-
pensions
26
-
80
-
surtax
1
-
37
-
income
66
-
284
-
health
10
-
31
-
total
130
-
515
-
Employer
394
-
1 198
-
health
18
-
54
-
pensions
53
-
160
-
unemployment
12
-
38
-
other
-
-
-
-
total
83
-
252
-
Corporate
973
1 450
-
-
income
253
377
-
-
total
253
377
-
-
Dividends
720
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
574
538
767
744
After tax
876
912
683
706
Living cost
263
263
263
263
Free-cash
613
649
420
443

Estimated living cost  is $263 per week

$161
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
$476
$333
$467
$449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
346
pensions
-
-
-
94
total
-
-
-
440
Employee
753
-
1 273
-
pensions
64
-
120
-
income
136
-
256
-
health
11
-
21
-
total
211
-
397
-
Employer
753
-
1 273
-
health
14
-
24
-
pensions
82
-
153
-
total
96
-
177
-
Corporate
601
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.

114
275
-
-
total
114
275
-
-
Dividends
487
1 175
-
-
withholding
37
156
-
-
total
37
156
-
-
Income
1 450
1 450
1 450
1 450
Total tax
458
431
574
440
After tax
992
1 019
876
1 010
Living cost
543
543
543
543
Free-cash
449
476
333
467

Estimated living cost  is $543 per week

$407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-$279
$186
$259
$124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other

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

-
-
-
29
regional
-
-
-
56
health
-
-
-
3
city
-
-
-
15
national
-
-
-
13
pensions
-
-
-
133
total
-
-
-
249
Employee
1 103
-
1 298
-
unemployment
-
-
-
-
pensions
93
-
109
-
national
5
-
10
-
regional
36
-
48
-
city
12
-
14
-
health
2
-
3
-
total
148
-
184
-
Employer
1 103
-
1 298
-
health
2
-
3
-
pensions
93
-
109
-
unemployment
-
-
-
-
other

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

22
-
26
-
total
117
-
138
-
Corporate
218
1 450
-
-
regional
46
307
-
-
national
19
123
-
-
total
65
430
-
-
Dividends
153
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

$613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$172
$426
$272
$365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
income

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

-
-
-
376
surtax

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

-
-
-
21
health

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

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

-
-
-
81
trade
-
-
-
154
total
-
-
-
632
Employee

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

716
-
1 450
-
surtax

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

5
-
21
-
income

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

84
-
376
-
health

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

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

81
-
81
-
total
170
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
734
1 450
-
-
income
110
217
-
-
surtax

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

6
12
-
-
chamber of commerce
3
4
-
-
trade
126
249
-
-
total
245
482
-
-
Dividends
489
968
-
-
surtax

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

6
13
-
-
withholding
118
237
-
-
total
124
250
-
-
Income
1 450
1 450
1 450
1 450
Total tax
539
732
478
632
After tax
911
718
972
818
Living cost
546
546
546
546
Free-cash
365
172
426
272

Estimated living cost  is $546 per week

$399
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
$322
$461
$420
$390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
175
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
41
pensions
-
-
-
320
total
-
-
-
622
Employee
510
-
1 159
-
pensions
58
-
65
-
surtax
-
-
-
-
social contributions
15
-
33
-
income
30
-
192
-
total
103
-
290
-
Employer
510
-
1 159
-
health
36
-
89
-
pensions
84
-
112
-
unemployment
21
-
47
-
social contributions
2
-
3
-
other
18
-
40
-
total
161
-
291
-
Corporate
780
1 450
-
-
income
219
406
-
-
surtax
-
-
-
-
total
219
406
-
-
Dividends
562
1 044
-
-
surtax
-
-
-
-
social contributions
97
180
-
-
withholding
72
134
-
-
total
169
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
652
720
581
622
After tax
798
730
869
828
Living cost
408
408
408
408
Free-cash
390
322
461
420

Estimated living cost  is $408 per week

$257
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.
$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 Nice model

Close
Marseille , France
$363
$502
$461
$429
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
175
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
41
pensions
-
-
-
320
total
-
-
-
622
Employee
455
-
1 159
-
pensions
52
-
65
-
surtax
-
-
-
-
social contributions
13
-
33
-
income
23
-
192
-
total
88
-
290
-
Employer
455
-
1 159
-
health
32
-
89
-
pensions
75
-
112
-
unemployment
18
-
47
-
social contributions
1
-
3
-
other
16
-
40
-
total
142
-
291
-
Corporate
852
1 450
-
-
income
239
406
-
-
surtax
-
-
-
-
total
239
406
-
-
Dividends
614
1 044
-
-
surtax
-
-
-
-
social contributions
106
180
-
-
withholding
79
134
-
-
total
185
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
654
720
581
622
After tax
796
730
869
828
Living cost
367
367
367
367
Free-cash
429
363
502
461

Estimated living cost  is $367 per week

$213
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
$631
$668
$679
$639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
217
social contributions
-
-
-
200
health
-
-
-
101
total
-
-
-
518
Employee
404
-
1 450
-
social contributions
56
-
200
-
income
67
-
228
-
health
28
-
101
-
total
151
-
529
-
Employer
404
-
1 450
-
total
-
-
-
-
Corporate
1 046
1 450
-
-
income

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

52
73
-
-
total
52
73
-
-
Dividends
994
1 377
-
-
social contributions
137
190
-
-
withholding
149
207
-
-
health
69
96
-
-
total
355
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
566
529
518
After tax
892
884
921
932
Living cost
253
253
253
253
Free-cash
639
631
668
679

Estimated living cost  is $253 per week

$169
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
$389
-$14
$301
$370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
283
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
729
Employee
596
475
1 124
-
other
6
5
11
-
unemployment
18
14
34
-
pensions
61
49
115
-
income
68
35
244
-
health
23
18
44
-
total
176
121
448
-
Employer
596
475
1 124
-
chamber of commerce
2
2
5
-
health
23
18
42
-
pensions
75
60
141
-
accident
8
6
15
-
unemployment
18
14
34
-
surtax
2
2
2
-
payroll
18
14
34
-
other
28
23
53
-
total
174
139
326
-
Corporate
680
836
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.

170
209
270
-
total
170
209
270
-
Dividends
510
627
-
-
withholding
140
172
-
-
total
140
172
-
-
Income
1 450
1 450
1 450
1 450
Total tax
660
641
1 044
729
After tax
790
809
406
721
Living cost
420
420
420
420
Free-cash
370
389
-14
301

Estimated living cost  is $420 per week

$280
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
$377
$112
$219
$200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
communal

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

-
-
-
73
social contributions
-
-
-
231
national
-
-
-
492
total
-
-
-
796
Employee

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

853
-
1 123
-
unemployment

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

7
-
10
-
communal

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

44
-
59
-
pensions

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

64
-
84
-
national
262
-
371
-
health

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

40
-
53
-
total
417
-
577
-
Employer

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

853
-
1 123
-
health

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

52
-
69
-
pensions

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

76
-
99
-
accident

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

11
-
15
-
unemployment

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

12
-
16
-
surtax
97
-
127
-
total
248
-
326
-
Corporate
349
1 450
-
-
income
70
290
-
-
surtax
1
6
-
-
total
71
296
-
-
Dividends
278
1 154
-
-
withholding

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

79
342
-
-
total
79
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
815
638
903
796
After tax
635
812
547
654
Living cost
435
435
435
435
Free-cash
200
377
112
219

Estimated living cost  is $435 per week

$280
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.
$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 Brussels model

Close
Barcelona , Spain
$544
$315
$370
$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
317
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
649
Employee
593
-
1 099
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
284
-
total
163
-
354
-
Employer
593
-
1 099
-
pensions
140
-
259
-
accident
12
-
22
-
unemployment
33
-
60
-
other
5
-
9
-
total
190
-
350
-
Corporate
667
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.

100
217
-
-
total
100
217
-
-
Dividends
567
1 233
-
-
withholding
116
258
-
-
total
116
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
569
475
704
649
After tax
881
975
746
801
Living cost
431
431
431
431
Free-cash
450
544
315
370

Estimated living cost  is $431 per week

$317
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.
$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 Barcelona model

Close
Luxembourg , Luxembourg
$230
$199
$141
$117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
communal
-
-
-
92
accident
-
-
-
12
income
-
-
-
166
surtax
-
-
-
72
health
-
-
-
102
pensions
-
-
-
217
total
-
-
-
661
Employee
903
-
1 295
-
pensions
72
-
104
-
surtax
55
-
79
-
income
87
-
207
-
health
40
-
58
-
total
254
-
448
-
Employer
903
-
1 295
-
health
28
-
39
-
pensions
72
-
104
-
accident
8
-
12
-
total
108
-
155
-
Corporate
439
1 450
-
-
communal
30
98
-
-
income
66
217
-
-
surtax
5
15
-
-
total
101
330
-
-
Dividends
339
1 119
-
-
income
171
74
-
-
withholding
51
168
-
-
total
222
242
-
-
Income
1 450
1 450
1 450
1 450
Total tax
685
572
603
661
After tax
765
878
847
789
Living cost
648
648
648
648
Free-cash
117
230
199
141

Estimated living cost  is $648 per week

$486
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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$644
$415
$438
$606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
307
other
-
-
-
-
surtax
-
-
-
41
unemployment
-
-
-
3
health
-
-
-
103
pensions
-
-
-
290
total
-
-
-
744
Employee
401
-
1 198
-
other
-
-
-
-
unemployment
28
-
83
-
pensions
27
-
80
-
surtax
1
-
37
-
income
67
-
284
-
health
10
-
31
-
total
133
-
515
-
Employer
401
-
1 198
-
health
18
-
54
-
pensions
54
-
160
-
unemployment
13
-
38
-
other
-
-
-
-
total
85
-
252
-
Corporate
964
1 450
-
-
income
251
377
-
-
total
251
377
-
-
Dividends
713
1 073
-
-
withholding
107
161
-
-
total
107
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
576
538
767
744
After tax
874
912
683
706
Living cost
268
268
268
268
Free-cash
606
644
415
438

Estimated living cost  is $268 per week

$162
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.
$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 of data for Athens model

Close
Naples , Italy
$441
$330
$399
$414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
22
municipal
-
-
-
9
national
-
-
-
326
total
-
-
-
730
Employee
661
-
1 450
-
municipal
4
-
8
-
national
105
-
282
-
regional
9
-
20
-
social contributions
223
-
489
-
total
341
-
799
-
Employer
661
-
1 450
-
total
-
-
-
-
Corporate
789
1 450
-
-
municipal
39
72
-
-
nationa
189
348
-
-
total
228
420
-
-
Dividends
560
1 030
-
-
withholding
146
268
-
-
total
146
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
715
688
799
730
After tax
735
762
651
720
Living cost
321
321
321
321
Free-cash
414
441
330
399

Estimated living cost  is $321 per week

$200
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.
$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
$634
$371
$341
$504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
125
social contributions
-
-
-
423
solidarity contribution
-
-
-
-
health
-
-
-
196
total
-
-
-
744
Employee
537
-
1 082
-
solidarity contribution
-
-
-
-
social contributions
35
-
70
-
income
64
-
130
-
health
72
-
146
-
total
171
-
346
-
Employer
537
-
1 082
-
health
48
-
97
-
social contributions
134
-
271
-
total
182
-
368
-
Corporate
731
1 450
-
-
income
139
275
-
-
total
139
275
-
-
Dividends
592
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
365
365
365
365
Free-cash
504
634
371
341

Estimated living cost  is $365 per week

$271
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
$429
$26
$343
$423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
283
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
727
Employee
521
475
1 126
-
other
5
5
11
-
unemployment
16
14
34
-
pensions
53
49
115
-
income
46
35
245
-
health
20
18
44
-
total
140
121
449
-
Employer
521
475
1 126
-
chamber of commerce
2
2
5
-
health
20
18
43
-
pensions
65
60
141
-
accident
7
6
15
-
unemployment
16
14
34
-
surtax
-
-
-
-
payroll
16
14
34
-
other
25
23
53
-
total
151
137
325
-
Corporate
779
838
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
584
629
-
-
withholding
161
173
-
-
total
161
173
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
641
1 044
727
After tax
803
809
406
723
Living cost
380
380
380
380
Free-cash
423
429
26
343

Estimated living cost  is $380 per week

$228
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.
$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

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
$1225
$1008
$1283
$1197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
190
-
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%.

1 260
1 450
-
-
total
-
-
-
-
Dividends
1 260
1 450
-
-
withholding
63
73
-
-
total
63
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
101
73
290
15
After tax
1 349
1 377
1 160
1 435
Living cost
152
152
152
152
Free-cash
1 197
1 225
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
$679
$377
$419
$578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 450
income
-
-
-
301
unemployment
-
-
-
2
health
-
-
-
143
pensions
-
-
-
265
total
-
-
-
711
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.

527
-
1 255
-
unemployment
1
-
2
-
pensions
82
-
194
-
income
91
-
280
-
health
34
-
81
-
total
208
-
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.

527
-
1 255
-
health
35
-
84
-
pensions
47
-
111
-
unemployment
-
-
1
-
total
82
-
196
-
Corporate
841
1 450
-
-
income
160
275
-
-
total
160
275
-
-
Dividends
681
1 175
-
-
withholding
102
176
-
-
total
102
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
552
451
753
711
After tax
898
999
697
739
Living cost
320
320
320
320
Free-cash
578
679
377
419

Estimated living cost  is $320 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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$359
$767
$479
-$358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
283
social contributions
-
-
-
165
total
-
-
-
448
Employee
750
-
-
-
social contributions
62
-
9
-
income
165
-
-
-
total
227
-
9
-
Employer
750
-
-
-
social contributions
1 058
-
151
-
total
1 058
-
151
-
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
1 285
568
160
448
After tax
165
882
1 290
1 002
Living cost
523
523
523
523
Free-cash
-358
359
767
479

Estimated living cost  is $523 per week

$339
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.
$128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$450
$334
$424
$439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
504
total
-
-
-
652
Employee
548
-
1 172
-
surtax
-
-
-
-
social contributions
60
-
129
-
income
114
-
335
-
total
174
-
464
-
Employer
548
-
1 172
-
social contributions
130
-
278
-
total
130
-
278
-
Corporate
772
1 450
-
-
income
162
305
-
-
surtax
-
-
-
-
total
162
305
-
-
Dividends
609
1 145
-
-
withholding
171
321
-
-
total
171
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
637
626
742
652
After tax
813
824
708
798
Living cost
374
374
374
374
Free-cash
439
450
334
424

Estimated living cost  is $374 per week

$280
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
$154
$293
$252
$238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
175
other
-
-
-
45
surtax
-
-
-
-
social contributions
-
-
-
41
health
-
-
-
41
pensions
-
-
-
320
total
-
-
-
622
Employee
747
-
1 159
-
pensions
84
-
65
-
surtax
-
-
-
-
social contributions
21
-
33
-
income
65
-
192
-
total
170
-
290
-
Employer
747
-
1 159
-
health
52
-
89
-
pensions
123
-
112
-
unemployment
30
-
47
-
social contributions
2
-
3
-
other
26
-
40
-
total
233
-
291
-
Corporate
470
1 450
-
-
income
132
406
-
-
surtax
-
-
-
-
total
132
406
-
-
Dividends
339
1 044
-
-
surtax
-
-
-
-
social contributions
58
180
-
-
withholding
43
134
-
-
total
101
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
636
720
581
622
After tax
814
730
869
828
Living cost
576
576
576
576
Free-cash
238
154
293
252

Estimated living cost  is $576 per week

$390
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
$947
$770
$732
$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
-
-
-
41
social contributions
-
-
-
319
total
-
-
-
360
Employee
383
-
1 255
-
income
-
-
45
-
social contributions
25
-
82
-
total
25
-
127
-
Employer
383
-
1 255
-
social contributions
59
-
195
-
total
59
-
195
-
Corporate
1 007
1 450
-
-
income
101
145
-
-
total
101
145
-
-
Dividends
907
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
358
358
358
358
Free-cash
907
947
770
732

Estimated living cost  is $358 per week

$232
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
-$1146
-$1146
$310
-$1146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
labour market
-
-
-
115
municipal
-
-
-
283
national
-
-
-
158
pensions
-
-
-
10
total
-
-
-
566
Employee
2 422
2 422
2 422
-
municipal
516
516
516
-
labour market
193
193
193
-
pensions
3
3
3
-
national
296
296
296
-
total
1 008
1 008
1 008
-
Employer
2 422
2 422
2 422
-
national
296
296
296
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 014
1 014
1 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
2 022
2 022
2 022
566
After tax
-572
-572
-572
884
Living cost
574
574
574
574
Free-cash
-1 146
-1 146
-1 146
310

Estimated living cost  is $574 per week

$393
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.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$145
$502
$733
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
372
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
455
Employee
412
-
1 265
-
pensions
46
-
92
-
income
57
-
264
-
health
47
-
145
-
total
150
-
501
-
Employer
412
-
1 265
-
pensions
67
-
133
-
accident
7
-
21
-
unemployment
10
-
31
-
total
84
-
185
-
Corporate
954
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.

859
1 305
-
-
total
859
1 305
-
-
Dividends
95
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 111
1 333
686
455
After tax
339
117
764
995
Living cost
262
262
262
262
Free-cash
77
-145
502
733

Estimated living cost  is $262 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$486
$345
$543
$486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
health
-
-
-
17
municipal
-
-
-
258
national
-
-
-
174
total
-
-
-
449
Employee
627
-
1 220
-
municipal
103
-
199
-
unemployment
9
-
18
-
pensions
42
-
82
-
national
10
-
104
-
health
5
-
14
-
total
169
-
417
-
Employer
627
-
1 220
-
health
5
-
9
-
pensions
109
-
212
-
accident
1
-
1
-
unemployment
4
-
8
-
total
119
-
230
-
Corporate
704
1 450
-
-
income
141
290
-
-
total
141
290
-
-
Dividends

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

423
870
-
-
municipal
76
157
-
-
national
1
59
-
-
total
77
216
-
-
Income
1 450
1 450
1 450
1 450
Total tax
506
506
647
449
After tax
944
944
803
1 001
Living cost
458
458
458
458
Free-cash
486
486
345
543

Estimated living cost  is $458 per week

$299
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
$784
$725
$741
$718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
203
social contributions
-
-
-
193
health
-
-
-
37
total
-
-
-
433
Employee
917
917
1 323
-
social contributions
35
76
103
-
income
100
85
197
-
health
7
16
22
-
total
142
177
322
-
Employer
917
917
1 323
-
health
8
17
24
-
social contributions
35
76
103
-
total
43
93
127
-
Corporate
990
440
-
-
income
124
55
-
-
total
124
55
-
-
Dividends
866
385
-
-
withholding
147
65
-
-
total
147
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
390
449
433
After tax
994
1 060
1 001
1 017
Living cost
276
276
276
276
Free-cash
718
784
725
741

Estimated living cost  is $276 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
$1011
$759
$1000
$952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

274
-
1 333
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
113
-
health
23
-
96
-
total
84
-
385
-
Employer

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

274
-
1 333
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 148
1 450
-
-
income
103
131
-
-
total
103
131
-
-
Dividends
1 045
1 319
-
-
withholding
94
119
-
-
total
94
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
309
250
502
261
After tax
1 141
1 200
948
1 189
Living cost
189
189
189
189
Free-cash
952
1 011
759
1 000

Estimated living cost  is $189 per week

$121
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
$647
$418
$473
$586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
317
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
649
Employee
441
-
1 099
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
284
-
total
113
-
354
-
Employer
441
-
1 099
-
pensions
104
-
259
-
accident
9
-
22
-
unemployment
24
-
60
-
other
4
-
9
-
total
141
-
350
-
Corporate
869
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.

130
217
-
-
total
130
217
-
-
Dividends
738
1 233
-
-
withholding
152
258
-
-
total
152
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
536
475
704
649
After tax
914
975
746
801
Living cost
328
328
328
328
Free-cash
586
647
418
473

Estimated living cost  is $328 per week

$221
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$882
$904
$906
$879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
492
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
521
Employee
36
-
1 431
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
491
-
health
2
-
4
-
total
12
-
504
-
Employer
36
-
1 431
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 407
1 450
-
-
income
309
319
-
-
total
309
319
-
-
Dividends
1 097
1 131
-
-
withholding
219
226
-
-
total
219
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
548
545
523
521
After tax
902
905
927
929
Living cost
23
23
23
23
Free-cash
879
882
904
906

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$841
$598
$598
$783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 450
income
-
-
-
313
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
646
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.

311
-
1 292
-
unemployment
2
-
7
-
pensions
44
-
123
-
income
43
-
313
-
health
16
-
45
-
total
105
-
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.

311
-
1 292
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
1 083
1 450
-
-
income
163
218
-
-
total
163
218
-
-
Dividends
921
1 232
-
-
withholding
138
185
-
-
total
138
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
461
403
646
646
After tax
989
1 047
804
804
Living cost
206
206
206
206
Free-cash
783
841
598
598

Estimated living cost  is $206 per week

$139
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
$503
$387
$477
$500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
504
total
-
-
-
652
Employee
463
-
1 172
-
surtax
-
-
-
-
social contributions
51
-
129
-
income
90
-
335
-
total
141
-
464
-
Employer
463
-
1 172
-
social contributions
110
-
278
-
total
110
-
278
-
Corporate
877
1 450
-
-
income
184
305
-
-
surtax
-
-
-
-
total
184
305
-
-
Dividends
693
1 145
-
-
withholding
194
321
-
-
total
194
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
629
626
742
652
After tax
821
824
708
798
Living cost
321
321
321
321
Free-cash
500
503
387
477

Estimated living cost  is $321 per week

$228
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 Porto model

Close
Madrid , Spain
$556
$327
$382
$465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
10
income
-
-
-
317
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
649
Employee
576
-
1 099
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
284
-
total
157
-
354
-
Employer
576
-
1 099
-
pensions
136
-
259
-
accident
11
-
22
-
unemployment
32
-
60
-
other
5
-
9
-
total
184
-
350
-
Corporate
691
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
217
-
-
total
104
217
-
-
Dividends
587
1 233
-
-
withholding
121
258
-
-
total
121
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
566
475
704
649
After tax
884
975
746
801
Living cost
419
419
419
419
Free-cash
465
556
327
382

Estimated living cost  is $419 per week

$301
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.
$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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1035
$965
$915
$961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
218
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
330
Employee
272
-
1 368
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
137
-
health
12
-
19
-
total
66
-
198
-
Employer
272
-
1 368
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
82
-
Corporate
1 125
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 013
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
210
280
330
After tax
1 166
1 240
1 170
1 120
Living cost
205
205
205
205
Free-cash
961
1 035
965
915

Estimated living cost  is $205 per week

$136
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
$287
$512
$383
$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

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

-
-
-
1 450
income

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

-
-
-
376
surtax

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

-
-
-
21
health

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

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

-
-
-
81
trade
-
-
-
129
total
-
-
-
607
Employee

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

593
-
1 450
-
surtax

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

3
-
21
-
income

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

49
-
376
-
health

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

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

81
-
81
-
total
133
-
478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
857
1 450
-
-
income
129
217
-
-
surtax

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

7
12
-
-
chamber of commerce
3
4
-
-
trade
123
208
-
-
total
262
441
-
-
Dividends
595
1 009
-
-
surtax

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

8
14
-
-
withholding
144
248
-
-
total
152
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
547
703
478
607
After tax
903
747
972
843
Living cost
460
460
460
460
Free-cash
443
287
512
383

Estimated living cost  is $460 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$336
$254
$254
$362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
383
social contributions
-
-
-
134
total
-
-
-
517
Employee
932
-
1 450
-
income
176
-
383
-
social contributions
77
-
134
-
total
253
-
517
-
Employer
932
-
1 450
-
total
-
-
-
-
Corporate
518
1 450
-
-
income
65
181
-
-
total
65
181
-
-
Dividends
453
1 269
-
-
withholding
91
254
-
-
total
91
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
409
435
517
517
After tax
1 041
1 015
933
933
Living cost
679
679
679
679
Free-cash
362
336
254
254

Estimated living cost  is $679 per week

$517
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.
$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

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
$447
$636
$606
$488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 450
income
-
-
-
339
health

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

-
-
-
72
total
-
-
-
411
Employee
547
-
1 395
-
income
59
-
271
-
social contributions
55
-
55
-
total
114
-
326
-
Employer
547
-
1 395
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
848
1 450
-
-
income
297
507
-
-
total
297
507
-
-
Dividends
551
943
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 450
1 450
1 450
1 450
Total tax
529
570
381
411
After tax
921
880
1 069
1 039
Living cost
433
433
433
433
Free-cash
488
447
636
606

Estimated living cost  is $433 per week

$285
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$578
$435
$569
$578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
346
pensions
-
-
-
94
total
-
-
-
440
Employee
606
-
1 273
-
pensions
46
-
120
-
income
110
-
256
-
health
8
-
21
-
total
164
-
397
-
Employer
606
-
1 273
-
health
12
-
24
-
pensions
61
-
153
-
total
73
-
177
-
Corporate
772
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.

147
275
-
-
total
147
275
-
-
Dividends
625
1 175
-
-
withholding
47
156
-
-
total
47
156
-
-
Income
1 450
1 450
1 450
1 450
Total tax
431
431
574
440
After tax
1 019
1 019
876
1 010
Living cost
441
441
441
441
Free-cash
578
578
435
569

Estimated living cost  is $441 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$171
$476
$707
$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
372
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
455
Employee
453
-
1 265
-
pensions
51
-
92
-
income
62
-
264
-
health
52
-
145
-
total
165
-
501
-
Employer
453
-
1 265
-
pensions
74
-
133
-
accident
8
-
21
-
unemployment
11
-
31
-
total
93
-
185
-
Corporate
905
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.

814
1 305
-
-
total
814
1 305
-
-
Dividends
90
145
-
-
withholding
17
28
-
-
total
17
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 089
1 333
686
455
After tax
361
117
764
995
Living cost
288
288
288
288
Free-cash
73
-171
476
707

Estimated living cost  is $288 per week

$211
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
$1060
$798
$662
$1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

258
-
1 450
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
229
-
total
96
-
491
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 192
1 450
-
-
income

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

12
14
-
-
total
12
14
-
-
Dividends
1 180
1 436
-
-
withholding
177
215
-
-
total
177
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
285
229
491
627
After tax
1 165
1 221
959
823
Living cost
161
161
161
161
Free-cash
1 004
1 060
798
662

Estimated living cost  is $161 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$289
$168
$235
$235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
373
regional
-
-
-
31
municipal
-
-
-
10
national
-
-
-
326
total
-
-
-
740
Employee
1 005
-
1 450
-
municipal
6
-
9
-
national
170
-
282
-
regional
15
-
27
-
social contributions
339
-
489
-
total
530
-
807
-
Employer
1 005
-
1 450
-
total
-
-
-
-
Corporate
445
1 450
-
-
municipal
21
70
-
-
nationa
107
348
-
-
total
128
418
-
-
Dividends
317
1 032
-
-
withholding
82
268
-
-
total
82
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
740
686
807
740
After tax
710
764
643
710
Living cost
475
475
475
475
Free-cash
235
289
168
235

Estimated living cost  is $475 per week

$334
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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close