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
$405
$523
$480
$629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
149
income

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

-
-
-
398
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.

-
-
-
74
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.

-
-
-
22
total
-
-
-
643
Employee

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

412
-
1 450
-
health

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

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

74
-
74
-
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
-
22
-
income

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

12
-
398
-
total
87
-
494
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 038
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.

9
12
-
-
income
156
218
-
-
trade
163
228
-
-
chamber of commerce
3
4
-
-
total
331
462
-
-
Dividends
707
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
173
243
-
-
total
182
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
600
718
494
643
After tax
850
732
956
807
Living cost
327
327
327
327
Free-cash
523
405
629
480

Estimated living cost  is $327 per week

$205
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.
$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

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
$362
$353
$320
$333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
156
pensions
-
-
-
174
national
-
-
-
241
social contributions
-
-
-
16
total
-
-
-
587
Employee
842
-
1 254
-
municipal
104
-
161
-
pensions
34
-
50
-
national
161
-
250
-
total
299
-
461
-
Employer
842
-
1 254
-
social contributions
9
-
13
-
pensions
67
-
100
-
total
76
-
113
-
Corporate
476
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%.

95
290
-
-
total
95
290
-
-
Dividends
381
1 160
-
-
withholding
84
255
-
-
total
84
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
554
545
574
587
After tax
896
905
876
863
Living cost
543
543
543
543
Free-cash
353
362
333
320

Estimated living cost  is $543 per week

$369
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.
$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.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$936
$847
$217
$589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 450
microenterprise
-
-
-
-
income
-
-
-
226
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.

-
-
-
413
total
-
-
-
1 009
Employee
315
-
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.

35
-
129
-
surtax
-
-
-
-
income
56
-
227
-
total
91
-
356
-
Employer
315
-
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.

76
-
281
-
surtax
-
-
-
-
total
76
-
281
-
Corporate
1 059
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%.

212
290
-
-
total
212
290
-
-
Dividends

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

847
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
379
290
637
1 009
After tax
1 071
1 160
813
441
Living cost
224
224
224
224
Free-cash
847
936
589
217

Estimated living cost  is $224 per week

$143
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$259
$192
$380
$387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
618
Employee
921
921
1 250
-
health
141
120
133
-
income

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

151
151
151
-
pensions
166
126
126
-
total
458
397
410
-
Employer
921
921
1 250
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
380
368
-
-
income
76
74
-
-
total
76
74
-
-
Dividends
304
295
-
-
income
65
63
-
-
withholding
46
44
-
-
total
111
107
-
-
Income
1 450
1 450
1 450
1 450
Total tax
806
739
611
618
After tax
644
711
839
832
Living cost
452
452
452
452
Free-cash
192
259
387
380

Estimated living cost  is $452 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$376
$366
$351
$340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
354
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
65
total
-
-
-
683
Employee
592
-
1 164
-
municipal
177
-
347
-
national
-
-
61
-
total
177
-
408
-
Employer
592
-
1 164
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
98
-
health
36
-
56
-
total
186
-
286
-
Corporate
672
1 450
-
-
income
148
319
-
-
total
148
319
-
-
Dividends
524
1 131
-
-
withholding
157
339
-
-
total
157
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
668
658
694
683
After tax
782
792
756
767
Living cost
416
416
416
416
Free-cash
366
376
340
351

Estimated living cost  is $416 per week

$276
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.
$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 Stockholm model

Close
Hamburg , Germany
$301
$453
$377
$533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
156
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.

-
-
-
398
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.

-
-
-
74
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.

-
-
-
22
total
-
-
-
650
Employee

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

547
-
1 450
-
health

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

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

74
-
74
-
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
-
22
-
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.

47
-
398
-
total
124
-
494
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
903
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.

7
12
-
-
income
135
218
-
-
trade
149
239
-
-
chamber of commerce
3
4
-
-
total
294
473
-
-
Dividends
609
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
148
240
-
-
total
156
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
574
726
494
650
After tax
876
724
956
800
Living cost
423
423
423
423
Free-cash
453
301
533
377

Estimated living cost  is $423 per week

$283
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$709
$666
$664
$648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
225
health
-
-
-
37
social contributions
-
-
-
174
total
-
-
-
436
Employee
829
829
1 333
-
social contributions
40
69
93
-
health
8
14
23
-
income
87
77
218
-
total
135
160
334
-
Employer
829
829
1 333
-
social contributions
40
69
93
-
health
9
15
25
-
total
49
84
118
-
Corporate
916
537
-
-
income
114
67
-
-
total
114
67
-
-
Dividends
801
470
-
-
withholding
136
80
-
-
total
136
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
434
391
452
436
After tax
1 016
1 059
998
1 014
Living cost
350
350
350
350
Free-cash
666
709
648
664

Estimated living cost  is $350 per week

$239
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 Limassol model

Close
Budapest , Hungary
$620
$624
$808
$645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
145
unemployment
-
-
-
22
health
-
-
-
102
total
-
-
-
446
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.

283
113
1 213
-
health
20
8
85
-
income
35
14
148
-
pensions
28
11
121
-
unemployment
4
2
18
-
total
87
35
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.

283
113
1 213
-
pensions
55
22
237
-
total
55
22
237
-
Corporate
1 111
1 315
-
-
income
100
118
-
-
total
100
118
-
-
Dividends
1 011
1 197
-
-
social contributions
196
232
-
-
withholding
192
227
-
-
total
388
459
-
-
Income
1 450
1 450
1 450
1 450
Total tax
630
634
609
446
After tax
820
816
841
1 004
Living cost
196
196
196
196
Free-cash
624
620
645
808

Estimated living cost  is $196 per week

$134
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$900
$834
$518
$575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
194
pensions
-
-
-
290
health
-
-
-
188
total
-
-
-
672
Employee
306
-
1 084
-
income
34
-
209
-
pensions
6
-
22
-
unemployment
5
-
17
-
total
45
-
248
-
Employer
306
-
1 084
-
unemployment
2
-
9
-
pensions
61
-
217
-
health
40
-
141
-
total
103
-
367
-
Corporate
1 041
1 450
-
-
income
208
290
-
-
total
208
290
-
-
Dividends
833
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
356
290
615
672
After tax
1 094
1 160
835
778
Living cost
260
260
260
260
Free-cash
834
900
575
518

Estimated living cost  is $260 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$118
$81
$758
$538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
383
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
457
Employee
370
-
1 280
-
health
42
-
147
-
income
51
-
279
-
pensions
42
-
81
-
total
135
-
507
-
Employer
370
-
1 280
-
accident
6
-
21
-
unemployment
9
-
31
-
pensions
60
-
118
-
total
75
-
170
-
Corporate
1 005
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.

905
1 305
-
-
total
905
1 305
-
-
Dividends
101
145
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 134
1 333
677
457
After tax
316
117
773
993
Living cost
235
235
235
235
Free-cash
81
-118
538
758

Estimated living cost  is $235 per week

$172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$1280
$1261
$1337
$1062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
123
-
1 450
-
income
25
-
290
-
total
25
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 327
1 450
-
-
total
-
-
-
-
Dividends
1 327
1 450
-
-
withholding
66
72
-
-
total
66
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
91
72
290
15
After tax
1 359
1 378
1 160
1 435
Living cost
98
98
98
98
Free-cash
1 261
1 280
1 062
1 337

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$778
$706
$485
$545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
197
pensions

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

-
-
-
348
other
-
-
-
69
health
-
-
-
64
total
-
-
-
678
Employee
391
-
1 158
-
health
5
-
16
-
income
67
-
217
-
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.

27
-
81
-
unemployment
4
-
12
-
total
103
-
326
-
Employer
391
-
1 158
-
accident
3
-
9
-
other
20
-
58
-
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.

67
-
197
-
health
5
-
16
-
total
99
-
292
-
Corporate
960
1 450
-
-
income
202
305
-
-
total
202
305
-
-
Dividends
758
1 145
-
-
withholding
53
80
-
-
total
53
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
457
385
618
678
After tax
993
1 065
832
772
Living cost
287
287
287
287
Free-cash
706
778
545
485

Estimated living cost  is $287 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$272
$209
$269
$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
-
-
-
365
pensions
-
-
-
89
total
-
-
-
454
Employee
1 029
-
1 271
-
health
17
-
20
-
income
186
-
276
-
pensions
99
-
112
-
total
302
-
408
-
Employer
1 029
-
1 271
-
pensions
122
-
155
-
health
20
-
24
-
total
142
-
179
-
Corporate
280
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.

53
276
-
-
total
53
276
-
-
Dividends
227
1 174
-
-
withholding
17
175
-
-
total
17
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
514
451
587
454
After tax
936
999
863
996
Living cost
727
727
727
727
Free-cash
209
272
136
269

Estimated living cost  is $727 per week

$545
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1099
$1048
$991
$1043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
318
Employee
187
-
1 376
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
138
-
pensions

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

16
-
33
-
total
46
-
192
-
Employer
187
-
1 376
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 226
1 450
-
-
income
123
145
-
-
total
123
145
-
-
Dividends
1 103
1 305
-
-
withholding
55
65
-
-
total
55
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
261
210
266
318
After tax
1 189
1 240
1 184
1 132
Living cost
141
141
141
141
Free-cash
1 048
1 099
1 043
991

Estimated living cost  is $141 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$113
$140
$234
$241
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
618
Employee
999
921
1 250
-
health
125
120
133
-
income

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

151
151
151
-
pensions
126
126
126
-
total
402
397
410
-
Employer
999
921
1 250
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
69
64
80
-
total
175
161
201
-
Corporate
276
368
-
-
income
55
74
-
-
total
55
74
-
-
Dividends
220
295
-
-
income
47
63
-
-
withholding
33
44
-
-
total
80
107
-
-
Income
1 450
1 450
1 450
1 450
Total tax
712
739
611
618
After tax
738
711
839
832
Living cost
598
598
598
598
Free-cash
140
113
241
234

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$740
$648
$492
$478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
132
health
-
-
-
196
solidarity contribution
-
-
-
-
social contributions
-
-
-
372
total
-
-
-
700
Employee
380
-
1 082
-
social contributions
25
-
70
-
health
51
-
146
-
solidarity contribution
-
-
-
-
income
46
-
130
-
total
122
-
346
-
Employer
380
-
1 082
-
social contributions
95
-
271
-
health
34
-
97
-
total
129
-
368
-
Corporate
941
1 450
-
-
income
179
276
-
-
total
179
276
-
-
Dividends
762
1 174
-
-
withholding
114
176
-
-
total
114
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
544
452
714
700
After tax
906
998
736
750
Living cost
258
258
258
258
Free-cash
648
740
478
492

Estimated living cost  is $258 per week

$180
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.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$318
$263
$262
$193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
9
regional
-
-
-
17
national
-
-
-
334
social contributions
-
-
-
373
total
-
-
-
733
Employee
958
-
1 450
-
social contributions
323
-
489
-
regional
9
-
15
-
municipal
5
-
8
-
national
166
-
290
-
total
503
-
802
-
Employer
958
-
1 450
-
total
-
-
-
-
Corporate
492
1 450
-
-
nationa
118
348
-
-
municipal
19
57
-
-
total
137
405
-
-
Dividends
355
1 045
-
-
withholding
92
272
-
-
total
92
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
732
677
802
733
After tax
718
773
648
717
Living cost
455
455
455
455
Free-cash
263
318
193
262

Estimated living cost  is $455 per week

$317
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.
$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 Milan model

Close
Thessaloniki , Greece
$674
$640
$450
$425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
325
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
45
total
-
-
-
762
Employee
356
-
1 198
-
other
-
-
-
-
health
9
-
31
-
surtax
1
-
41
-
income
60
-
300
-
pensions
24
-
80
-
unemployment
25
-
83
-
total
119
-
535
-
Employer
356
-
1 198
-
other
-
-
-
-
unemployment
11
-
38
-
pensions
48
-
160
-
health
16
-
54
-
total
75
-
252
-
Corporate
1 018
1 450
-
-
income
265
377
-
-
total
265
377
-
-
Dividends
754
1 073
-
-
withholding
113
161
-
-
total
113
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
572
538
787
762
After tax
878
912
663
688
Living cost
238
238
238
238
Free-cash
640
674
425
450

Estimated living cost  is $238 per week

$145
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$502
$503
$499
$366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
365
pensions
-
-
-
89
total
-
-
-
454
Employee
690
-
1 271
-
health
10
-
20
-
income
124
-
276
-
pensions
59
-
112
-
total
193
-
408
-
Employer
690
-
1 271
-
pensions
75
-
155
-
health
13
-
24
-
total
88
-
179
-
Corporate
672
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.

128
276
-
-
total
128
276
-
-
Dividends
545
1 174
-
-
withholding
41
175
-
-
total
41
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
450
451
587
454
After tax
1 000
999
863
996
Living cost
497
497
497
497
Free-cash
503
502
366
499

Estimated living cost  is $497 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$158
$194
$372
$301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
city
-
-
-
15
pensions
-
-
-
133
other

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

-
-
-
29
regional
-
-
-
61
health
-
-
-
3
national
-
-
-
16
total
-
-
-
257
Employee
961
-
1 298
-
city
10
-
14
-
regional
31
-
52
-
health
2
-
3
-
pensions
81
-
109
-
unemployment
-
-
-
-
national
5
-
12
-
total
129
-
190
-
Employer
961
-
1 298
-
other

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

19
-
26
-
unemployment
-
-
-
-
pensions
81
-
109
-
health
2
-
3
-
total
102
-
138
-
Corporate
376
1 450
-
-
regional
79
307
-
-
national
32
123
-
-
total
111
430
-
-
Dividends
264
1 020
-
-
withholding
93
357
-
-
total
93
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
435
787
328
257
After tax
1 015
663
1 122
1 193
Living cost
821
821
821
821
Free-cash
194
-158
301
372

Estimated living cost  is $821 per week

$534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$222
$397
$299
$462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
163
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.

-
-
-
398
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.

-
-
-
74
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.

-
-
-
22
total
-
-
-
657
Employee

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

648
-
1 450
-
health

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

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

74
-
74
-
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.

4
-
22
-
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.

76
-
398
-
total
154
-
494
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
802
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.

7
12
-
-
income
120
218
-
-
trade
138
249
-
-
chamber of commerce
3
4
-
-
total
268
483
-
-
Dividends
535
968
-
-
surtax

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

7
13
-
-
withholding
130
238
-
-
total
137
251
-
-
Income
1 450
1 450
1 450
1 450
Total tax
559
734
494
657
After tax
891
716
956
793
Living cost
494
494
494
494
Free-cash
397
222
462
299

Estimated living cost  is $494 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$361
$426
$456
$478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
191
pensions
-
-
-
301
other
-
-
-
45
health
-
-
-
47
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
625
Employee
461
-
1 149
-
social contributions
13
-
33
-
surtax
-
-
-
-
income
27
-
200
-
pensions
52
-
69
-
total
92
-
302
-
Employer
461
-
1 149
-
other
16
-
40
-
social contributions
1
-
3
-
unemployment
19
-
47
-
pensions
76
-
118
-
health
32
-
93
-
total
144
-
301
-
Corporate
845
1 450
-
-
surtax
-
-
-
-
income
236
406
-
-
total
236
406
-
-
Dividends
608
1 044
-
-
surtax
-
-
-
-
social contributions
105
180
-
-
withholding
78
134
-
-
total
183
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
655
720
603
625
After tax
795
730
847
825
Living cost
369
369
369
369
Free-cash
426
361
478
456

Estimated living cost  is $369 per week

$233
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.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$398
$457
$493
$515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
pensions
-
-
-
301
other
-
-
-
45
health
-
-
-
47
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
625
Employee
412
-
1 149
-
social contributions
12
-
33
-
surtax
-
-
-
-
income
21
-
200
-
pensions
47
-
69
-
total
80
-
302
-
Employer
412
-
1 149
-
other
14
-
40
-
social contributions
1
-
3
-
unemployment
17
-
47
-
pensions
68
-
118
-
health
29
-
93
-
total
129
-
301
-
Corporate
910
1 450
-
-
surtax
-
-
-
-
income
255
406
-
-
total
255
406
-
-
Dividends
655
1 044
-
-
surtax
-
-
-
-
social contributions
113
180
-
-
withholding
84
134
-
-
total
197
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
661
720
603
625
After tax
789
730
847
825
Living cost
332
332
332
332
Free-cash
457
398
515
493

Estimated living cost  is $332 per week

$193
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$655
$661
$702
$686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
101
social contributions
-
-
-
200
total
-
-
-
519
Employee
366
-
1 450
-
social contributions
50
-
200
-
health
26
-
101
-
income
61
-
234
-
total
137
-
535
-
Employer
366
-
1 450
-
total
-
-
-
-
Corporate
1 084
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%.

54
73
-
-
total
54
73
-
-
Dividends
1 030
1 377
-
-
health
72
96
-
-
social contributions
142
190
-
-
withholding
155
207
-
-
total
369
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
566
535
519
After tax
890
884
915
931
Living cost
229
229
229
229
Free-cash
661
655
686
702

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$425
$410
$353
$11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
chamber of commerce
-
-
-
6
income
-
-
-
314
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
717
Employee
539
430
1 124
-
other
5
4
11
-
health
21
17
44
-
income
61
32
258
-
pensions
55
44
115
-
unemployment
16
13
34
-
total
158
110
462
-
Employer
539
430
1 124
-
accident
7
6
15
-
other
26
20
53
-
chamber of commerce
2
2
5
-
unemployment
16
13
34
-
surtax
2
2
2
-
pensions
68
54
141
-
payroll
16
13
34
-
health
20
16
42
-
total
157
126
326
-
Corporate
754
895
1 083
-
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.

189
224
271
-
total
189
224
271
-
Dividends
566
671
-
-
withholding
156
185
-
-
total
156
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
660
645
1 059
717
After tax
790
805
391
733
Living cost
380
380
380
380
Free-cash
410
425
11
353

Estimated living cost  is $380 per week

$253
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$419
$258
$250
$142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
national
-
-
-
505
communal

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

-
-
-
73
social contributions
-
-
-
229
total
-
-
-
807
Employee

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

771
-
1 123
-
communal

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

40
-
59
-
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.

36
-
53
-
pensions

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

58
-
84
-
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
-
national
237
-
382
-
total
378
-
588
-
Employer

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

771
-
1 123
-
accident

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

10
-
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.

11
-
16
-
surtax
87
-
127
-
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.

68
-
100
-
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.

47
-
69
-
total
223
-
327
-
Corporate
454
1 450
-
-
surtax
2
6
-
-
income
91
290
-
-
total
93
296
-
-
Dividends
362
1 154
-
-
withholding

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

105
342
-
-
total
105
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
799
638
915
807
After tax
651
812
535
643
Living cost
393
393
393
393
Free-cash
258
419
142
250

Estimated living cost  is $393 per week

$253
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$582
$501
$423
$372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
338
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
638
Employee
537
-
1 131
-
other
1
-
1
-
income
113
-
307
-
pensions
25
-
47
-
unemployment
8
-
15
-
total
147
-
370
-
Employer
537
-
1 131
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
742
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.

111
218
-
-
total
111
218
-
-
Dividends
631
1 232
-
-
withholding
130
261
-
-
total
130
261
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
479
689
638
After tax
890
971
761
812
Living cost
389
389
389
389
Free-cash
501
582
372
423

Estimated living cost  is $389 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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 Barcelona model

Close
Luxembourg , Luxembourg
$284
$174
$181
$237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
12
income
-
-
-
188
pensions
-
-
-
217
health
-
-
-
102
surtax
-
-
-
72
communal
-
-
-
92
total
-
-
-
683
Employee
816
-
1 295
-
health
36
-
58
-
surtax
50
-
79
-
income
79
-
230
-
pensions
65
-
104
-
total
230
-
471
-
Employer
816
-
1 295
-
accident
7
-
12
-
pensions
65
-
104
-
health
25
-
40
-
total
97
-
156
-
Corporate
536
1 450
-
-
surtax
6
15
-
-
communal
36
98
-
-
income
80
218
-
-
total
122
331
-
-
Dividends
414
1 119
-
-
income
179
81
-
-
withholding
62
168
-
-
total
241
249
-
-
Income
1 450
1 450
1 450
1 450
Total tax
690
580
627
683
After tax
760
870
823
767
Living cost
586
586
586
586
Free-cash
174
284
237
181

Estimated living cost  is $586 per week

$439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$670
$636
$446
$421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
325
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
45
total
-
-
-
762
Employee
363
-
1 198
-
other
-
-
-
-
health
9
-
31
-
surtax
1
-
41
-
income
61
-
300
-
pensions
24
-
80
-
unemployment
25
-
83
-
total
120
-
535
-
Employer
363
-
1 198
-
other
-
-
-
-
unemployment
12
-
38
-
pensions
48
-
160
-
health
17
-
54
-
total
77
-
252
-
Corporate
1 011
1 450
-
-
income
263
377
-
-
total
263
377
-
-
Dividends
748
1 073
-
-
withholding
112
161
-
-
total
112
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
572
538
787
762
After tax
878
912
663
688
Living cost
242
242
242
242
Free-cash
636
670
421
446

Estimated living cost  is $242 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$472
$449
$422
$353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
9
regional
-
-
-
22
national
-
-
-
334
social contributions
-
-
-
373
total
-
-
-
738
Employee
598
-
1 450
-
social contributions
202
-
489
-
regional
8
-
20
-
municipal
3
-
8
-
national
95
-
290
-
total
308
-
807
-
Employer
598
-
1 450
-
total
-
-
-
-
Corporate
852
1 450
-
-
nationa
204
348
-
-
municipal
42
72
-
-
total
246
420
-
-
Dividends
605
1 030
-
-
withholding
157
268
-
-
total
157
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
711
688
807
738
After tax
739
762
643
712
Living cost
290
290
290
290
Free-cash
449
472
353
422

Estimated living cost  is $290 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$680
$568
$432
$418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
health
-
-
-
196
solidarity contribution
-
-
-
-
social contributions
-
-
-
372
total
-
-
-
700
Employee
468
-
1 082
-
social contributions
30
-
70
-
health
63
-
146
-
solidarity contribution
-
-
-
-
income
56
-
130
-
total
149
-
346
-
Employer
468
-
1 082
-
social contributions
117
-
271
-
health
42
-
97
-
total
159
-
368
-
Corporate
822
1 450
-
-
income
156
276
-
-
total
156
276
-
-
Dividends
666
1 174
-
-
withholding
100
176
-
-
total
100
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
564
452
714
700
After tax
886
998
736
750
Living cost
318
318
318
318
Free-cash
568
680
418
432

Estimated living cost  is $318 per week

$237
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.
$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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$463
$459
$391
$48
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
chamber of commerce
-
-
-
6
income
-
-
-
314
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
715
Employee
471
430
1 126
-
other
5
4
11
-
health
18
17
44
-
income
42
32
258
-
pensions
48
44
115
-
unemployment
14
13
34
-
total
127
110
462
-
Employer
471
430
1 126
-
accident
6
6
15
-
other
22
20
53
-
chamber of commerce
2
2
5
-
unemployment
14
13
34
-
surtax
-
-
-
-
pensions
59
54
141
-
payroll
14
13
34
-
health
18
16
43
-
total
135
124
325
-
Corporate
843
897
1 085
-
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.

211
224
271
-
total
211
224
271
-
Dividends
632
673
-
-
withholding
174
185
-
-
total
174
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
643
1 058
715
After tax
803
807
392
735
Living cost
344
344
344
344
Free-cash
459
463
48
391

Estimated living cost  is $344 per week

$206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1225
$1196
$1282
$1007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
192
-
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%.

1 258
1 450
-
-
total
-
-
-
-
Dividends
1 258
1 450
-
-
withholding
63
72
-
-
total
63
72
-
-
Income
1 450
1 450
1 450
1 450
Total tax
101
72
290
15
After tax
1 349
1 378
1 160
1 435
Living cost
153
153
153
153
Free-cash
1 196
1 225
1 007
1 282

Estimated living cost  is $153 per week

$104
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
$710
$619
$442
$403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
309
pensions
-
-
-
265
unemployment
-
-
-
2
health
-
-
-
143
total
-
-
-
719
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.

477
-
1 255
-
health
31
-
81
-
income
82
-
285
-
pensions
74
-
194
-
unemployment
1
-
2
-
total
188
-
562
-
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.

477
-
1 255
-
unemployment
-
-
1
-
pensions
42
-
111
-
health
32
-
84
-
total
74
-
196
-
Corporate
899
1 450
-
-
income
171
275
-
-
total
171
275
-
-
Dividends
728
1 175
-
-
withholding
109
176
-
-
total
109
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
542
451
758
719
After tax
908
999
692
731
Living cost
289
289
289
289
Free-cash
619
710
403
442

Estimated living cost  is $289 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Ljubljana model

Close
Oslo , Norway
$415
-$165
$535
$840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
670
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
670
-
-
-
social contributions
945
-
135
-
total
945
-
135
-
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
1 148
568
143
448
After tax
302
882
1 307
1 002
Living cost
467
467
467
467
Free-cash
-165
415
840
535

Estimated living cost  is $467 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$486
$475
$454
$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

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
-
-
-
154
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
658
Employee
496
-
1 172
-
social contributions
55
-
129
-
surtax
-
-
-
-
income
103
-
347
-
total
158
-
476
-
Employer
496
-
1 172
-
social contributions
118
-
278
-
total
118
-
278
-
Corporate
836
1 450
-
-
surtax
-
-
-
-
income
176
305
-
-
total
176
305
-
-
Dividends
661
1 145
-
-
withholding
185
321
-
-
total
185
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
637
626
754
658
After tax
813
824
696
792
Living cost
338
338
338
338
Free-cash
475
486
358
454

Estimated living cost  is $338 per week

$253
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$209
$285
$304
$326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
pensions
-
-
-
301
other
-
-
-
45
health
-
-
-
47
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
625
Employee
675
-
1 149
-
social contributions
19
-
33
-
surtax
-
-
-
-
income
59
-
200
-
pensions
76
-
69
-
total
154
-
302
-
Employer
675
-
1 149
-
other
23
-
40
-
social contributions
2
-
3
-
unemployment
27
-
47
-
pensions
111
-
118
-
health
47
-
93
-
total
210
-
301
-
Corporate
564
1 450
-
-
surtax
-
-
-
-
income
158
406
-
-
total
158
406
-
-
Dividends
406
1 044
-
-
surtax
-
-
-
-
social contributions
70
180
-
-
withholding
52
134
-
-
total
122
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
644
720
603
625
After tax
806
730
847
825
Living cost
521
521
521
521
Free-cash
285
209
326
304

Estimated living cost  is $521 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$981
$944
$759
$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
-
-
-
48
social contributions
-
-
-
319
total
-
-
-
367
Employee
347
-
1 255
-
income
-
-
52
-
social contributions
23
-
82
-
total
23
-
134
-
Employer
347
-
1 255
-
social contributions
54
-
195
-
total
54
-
195
-
Corporate
1 050
1 450
-
-
income
105
145
-
-
total
105
145
-
-
Dividends
945
1 305
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
182
145
329
367
After tax
1 268
1 305
1 121
1 083
Living cost
324
324
324
324
Free-cash
944
981
797
759

Estimated living cost  is $324 per week

$210
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$898
-$898
$362
-$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
289
pensions
-
-
-
9
national
-
-
-
156
labour market
-
-
-
115
total
-
-
-
569
Employee
2 191
2 191
2 191
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 191
2 191
2 191
-
labour market
175
175
175
-
municipal
467
467
467
-
pensions
6
6
6
-
national
268
268
268
-
total
916
916
916
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 829
1 829
1 829
569
After tax
-379
-379
-379
881
Living cost
519
519
519
519
Free-cash
-898
-898
-898
362

Estimated living cost  is $519 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$114
$82
$762
$542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
383
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
457
Employee
364
-
1 280
-
health
42
-
147
-
income
50
-
279
-
pensions
41
-
81
-
total
133
-
507
-
Employer
364
-
1 280
-
accident
6
-
21
-
unemployment
9
-
31
-
pensions
59
-
118
-
total
74
-
170
-
Corporate
1 012
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.

911
1 305
-
-
total
911
1 305
-
-
Dividends
101
145
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 137
1 333
677
457
After tax
313
117
773
993
Living cost
231
231
231
231
Free-cash
82
-114
542
762

Estimated living cost  is $231 per week

$168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$521
$531
$574
$376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
municipal
-
-
-
258
health
-
-
-
18
national
-
-
-
186
total
-
-
-
462
Employee
567
-
1 220
-
health
4
-
14
-
municipal
93
-
199
-
pensions
38
-
82
-
unemployment
9
-
18
-
national
9
-
117
-
total
153
-
430
-
Employer
567
-
1 220
-
accident
1
-
1
-
unemployment
4
-
8
-
pensions
98
-
212
-
health
4
-
9
-
total
107
-
230
-
Corporate
776
1 450
-
-
income
155
290
-
-
total
155
290
-
-
Dividends

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

465
870
-
-
national
6
68
-
-
municipal
84
157
-
-
total
90
225
-
-
Income
1 450
1 450
1 450
1 450
Total tax
505
515
660
462
After tax
945
935
790
988
Living cost
414
414
414
414
Free-cash
531
521
376
574

Estimated living cost  is $414 per week

$270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$809
$752
$764
$748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
225
health
-
-
-
37
social contributions
-
-
-
174
total
-
-
-
436
Employee
829
829
1 333
-
social contributions
31
69
93
-
health
6
14
23
-
income
90
77
218
-
total
127
160
334
-
Employer
829
829
1 333
-
social contributions
31
69
93
-
health
7
15
25
-
total
38
84
118
-
Corporate
1 034
537
-
-
income
129
67
-
-
total
129
67
-
-
Dividends
905
470
-
-
withholding
154
80
-
-
total
154
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
448
391
452
436
After tax
1 002
1 059
998
1 014
Living cost
250
250
250
250
Free-cash
752
809
748
764

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1030
$975
$1027
$812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
144
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
252
Employee

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

247
-
1 345
-
health
21
-
87
-
income
17
-
117
-
pensions
37
-
153
-
unemployment
1
-
5
-
total
76
-
362
-
Employer

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

247
-
1 345
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
1 177
1 450
-
-
income
106
130
-
-
total
106
130
-
-
Dividends
1 071
1 320
-
-
withholding
96
119
-
-
total
96
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
304
249
467
252
After tax
1 146
1 201
983
1 198
Living cost
171
171
171
171
Free-cash
975
1 030
812
1 027

Estimated living cost  is $171 per week

$109
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 Podgorica model

Close
Valencia , Spain
$675
$623
$516
$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
-
-
-
9
income
-
-
-
338
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
638
Employee
399
-
1 131
-
other
-
-
1
-
income
77
-
307
-
pensions
19
-
47
-
unemployment
6
-
15
-
total
102
-
370
-
Employer
399
-
1 131
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
924
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.

139
218
-
-
total
139
218
-
-
Dividends
786
1 232
-
-
withholding
163
261
-
-
total
163
261
-
-
Income
1 450
1 450
1 450
1 450
Total tax
531
479
689
638
After tax
919
971
761
812
Living cost
296
296
296
296
Free-cash
623
675
465
516

Estimated living cost  is $296 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$875
$870
$894
$893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
488
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
526
Employee
45
-
1 426
-
health
2
-
5
-
income
9
-
487
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
503
-
Employer
45
-
1 426
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 395
1 450
-
-
income
307
319
-
-
total
307
319
-
-
Dividends
1 088
1 131
-
-
withholding
218
226
-
-
total
218
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
545
527
526
After tax
900
905
923
924
Living cost
30
30
30
30
Free-cash
870
875
893
894

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$861
$808
$645
$644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
317
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
618
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.

281
-
1 307
-
health
14
-
41
-
income
39
-
317
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
476
-
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.

281
-
1 307
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
1 118
1 450
-
-
income
168
217
-
-
total
168
217
-
-
Dividends
951
1 233
-
-
withholding
143
185
-
-
total
143
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
455
402
619
618
After tax
995
1 048
831
832
Living cost
187
187
187
187
Free-cash
808
861
644
645

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$533
$530
$501
$405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
154
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
658
Employee
418
-
1 172
-
social contributions
46
-
129
-
surtax
-
-
-
-
income
82
-
347
-
total
128
-
476
-
Employer
418
-
1 172
-
social contributions
99
-
278
-
total
99
-
278
-
Corporate
932
1 450
-
-
surtax
-
-
-
-
income
196
305
-
-
total
196
305
-
-
Dividends
736
1 145
-
-
withholding
206
321
-
-
total
206
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
629
626
754
658
After tax
821
824
696
792
Living cost
291
291
291
291
Free-cash
530
533
405
501

Estimated living cost  is $291 per week

$206
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$592
$514
$433
$382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
9
income
-
-
-
338
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
638
Employee
521
-
1 131
-
other
1
-
1
-
income
109
-
307
-
pensions
24
-
47
-
unemployment
8
-
15
-
total
142
-
370
-
Employer
521
-
1 131
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
763
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.

115
218
-
-
total
115
218
-
-
Dividends
649
1 232
-
-
withholding
134
261
-
-
total
134
261
-
-
Income
1 450
1 450
1 450
1 450
Total tax
557
479
689
638
After tax
893
971
761
812
Living cost
379
379
379
379
Free-cash
514
592
382
433

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1054
$987
$946
$998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
318
Employee
246
-
1 376
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
138
-
pensions

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

22
-
33
-
total
61
-
192
-
Employer
246
-
1 376
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 156
1 450
-
-
income
116
145
-
-
total
116
145
-
-
Dividends
1 041
1 305
-
-
withholding
52
65
-
-
total
52
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
277
210
266
318
After tax
1 173
1 240
1 184
1 132
Living cost
186
186
186
186
Free-cash
987
1 054
998
946

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$330
$471
$404
$540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
trade
-
-
-
136
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.

-
-
-
398
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.

-
-
-
74
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.

-
-
-
22
total
-
-
-
630
Employee

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

536
-
1 450
-
health

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

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

74
-
74
-
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.

2
-
22
-
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.

44
-
398
-
total
120
-
494
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
914
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.

8
12
-
-
income
137
218
-
-
trade
131
208
-
-
chamber of commerce
3
4
-
-
total
279
442
-
-
Dividends
635
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.

9
14
-
-
withholding
155
248
-
-
total
164
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
563
704
494
630
After tax
887
746
956
820
Living cost
416
416
416
416
Free-cash
471
330
540
404

Estimated living cost  is $416 per week

$287
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$401
$425
$202
$202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
402
social contributions
-
-
-
232
total
-
-
-
634
Employee
843
-
1 450
-
income
159
-
402
-
social contributions
70
-
232
-
total
229
-
634
-
Employer
843
-
1 450
-
total
-
-
-
-
Corporate
607
1 450
-
-
income
76
181
-
-
total
76
181
-
-
Dividends
531
1 269
-
-
withholding
106
254
-
-
total
106
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
411
435
634
634
After tax
1 039
1 015
816
816
Living cost
614
614
614
614
Free-cash
425
401
202
202

Estimated living cost  is $614 per week

$467
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$494
$531
$680
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 450
income
-
-
-
307
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
-
-
-
379
Employee
495
-
1 400
-
income
54
-
292
-
social contributions
50
-
50
-
total
104
-
342
-
Employer
495
-
1 400
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
906
1 450
-
-
income
317
508
-
-
total
317
508
-
-
Dividends
589
942
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 450
1 450
1 450
1 450
Total tax
528
565
392
379
After tax
922
885
1 058
1 071
Living cost
391
391
391
391
Free-cash
531
494
667
680

Estimated living cost  is $391 per week

$258
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$595
$622
$592
$459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
365
pensions
-
-
-
89
total
-
-
-
454
Employee
555
-
1 271
-
health
7
-
20
-
income
101
-
276
-
pensions
42
-
112
-
total
150
-
408
-
Employer
555
-
1 271
-
pensions
56
-
155
-
health
11
-
24
-
total
67
-
179
-
Corporate
829
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.

157
276
-
-
total
157
276
-
-
Dividends
671
1 174
-
-
withholding
50
175
-
-
total
50
175
-
-
Income
1 450
1 450
1 450
1 450
Total tax
424
451
587
454
After tax
1 026
999
863
996
Living cost
404
404
404
404
Free-cash
622
595
459
592

Estimated living cost  is $404 per week

$277
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.
$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.
$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

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
-$137
$78
$739
$519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
383
pensions
-
-
-
44
other
-
-
-
4
health
-
-
-
23
total
-
-
-
457
Employee
400
-
1 280
-
health
46
-
147
-
income
55
-
279
-
pensions
45
-
81
-
total
146
-
507
-
Employer
400
-
1 280
-
accident
7
-
21
-
unemployment
10
-
31
-
pensions
65
-
118
-
total
82
-
170
-
Corporate
968
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.

872
1 305
-
-
total
872
1 305
-
-
Dividends
97
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 118
1 333
677
457
After tax
332
117
773
993
Living cost
254
254
254
254
Free-cash
78
-137
519
739

Estimated living cost  is $254 per week

$187
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1074
$1024
$674
$835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
7
health insurance
-
-
-
107
income
-
-
-
232
pensions
-
-
-
267
unemployment
-
-
-
17
total
-
-
-
630
Employee

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

233
-
1 450
-
work injury
1
-
4
-
income
23
-
232
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
469
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 217
1 450
-
-
income

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

12
15
-
-
total
12
15
-
-
Dividends
1 205
1 435
-
-
withholding
181
215
-
-
total
181
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
280
230
469
630
After tax
1 170
1 220
981
820
Living cost
146
146
146
146
Free-cash
1 024
1 074
835
674

Estimated living cost  is $146 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$335
$286
$272
$205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
10
regional
-
-
-
32
national
-
-
-
334
social contributions
-
-
-
373
total
-
-
-
749
Employee
908
-
1 450
-
social contributions
306
-
489
-
regional
14
-
28
-
municipal
5
-
9
-
national
154
-
290
-
total
479
-
816
-
Employer
908
-
1 450
-
total
-
-
-
-
Corporate
542
1 450
-
-
nationa
130
348
-
-
municipal
26
70
-
-
total
156
418
-
-
Dividends
385
1 032
-
-
withholding
100
268
-
-
total
100
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
735
686
816
749
After tax
715
764
634
701
Living cost
429
429
429
429
Free-cash
286
335
205
272

Estimated living cost  is $429 per week

$302
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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