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
$611
$373
$470
$504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
21
trade
-
-
-
141
income

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

-
-
-
377
health

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

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

-
-
-
81
total
-
-
-
620
Employee

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

454
-
1 450
-
health

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

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

81
-
81
-
surtax

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

1
-
21
-
income

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

13
-
377
-
total
95
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 450
-
-
chamber of commerce
3
4
-
-
trade
157
228
-
-
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
149
217
-
-
total
317
461
-
-
Dividends
678
988
-
-
withholding
165
243
-
-
surtax

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

9
13
-
-
total
174
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
586
717
479
620
After tax
864
733
971
830
Living cost
360
360
360
360
Free-cash
504
373
611
470

Estimated living cost  is $360 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$248
$272
$235
$261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
154
social contributions
-
-
-
16
national
-
-
-
238
pensions
-
-
-
174
total
-
-
-
582
Employee
982
-
1 254
-
pensions
39
-
50
-
national
188
-
247
-
municipal
121
-
159
-
total
348
-
456
-
Employer
982
-
1 254
-
pensions
79
-
100
-
social contributions
11
-
13
-
total
90
-
113
-
Corporate
314
1 450
-
-
income

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

63
290
-
-
total
63
290
-
-
Dividends
251
1 160
-
-
withholding
55
255
-
-
total
55
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
545
569
582
After tax
894
905
881
868
Living cost
633
633
633
633
Free-cash
261
272
248
235

Estimated living cost  is $633 per week

$431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$567
$913
$163
$815
S + D Salary + Dividends

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

Dividends

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

Salary

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

-
-
-
455
income
-
-
-
215
total
-
-
-
1 040
Employee
347
-
1 169
-
social contributions

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

38
-
129
-
surtax
-
-
-
-
income
62
-
226
-
total
100
-
355
-
Employer
347
-
1 169
-
surtax
-
-
-
-
social contributions

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

84
-
281
-
total
84
-
281
-
Corporate
1 019
1 450
-
-
income

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

204
290
-
-
total
204
290
-
-
Dividends

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

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

Estimated living cost  is $247 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$286
$209
$335
$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
-
-
-
332
pensions
-
-
-
139
health
-
-
-
146
total
-
-
-
617
Employee
1 014
1 014
1 234
-
health
156
132
145
-
pensions
183
139
139
-
income

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

166
166
166
-
total
505
437
450
-
Employer
1 014
1 014
1 234
-
unemployment
37
37
44
-
health
71
71
86
-
pensions
71
71
86
-
total
179
179
216
-
Corporate
270
258
-
-
income
54
52
-
-
total
54
52
-
-
Dividends
216
206
-
-
withholding
32
31
-
-
income
46
44
-
-
total
78
75
-
-
Income
1 450
1 450
1 450
1 450
Total tax
816
743
666
617
After tax
634
707
784
833
Living cost
498
498
498
498
Free-cash
136
209
286
335

Estimated living cost  is $498 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$280
$312
$293
$302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
342
other
-
-
-
122
unemployment
-
-
-
1
national
-
-
-
30
pensions
-
-
-
114
accident
-
-
-
2
health
-
-
-
66
total
-
-
-
677
Employee
684
-
1 120
-
national
-
-
25
-
municipal
204
-
334
-
total
204
-
359
-
Employer
684
-
1 120
-
unemployment
18
-
28
-
accident
1
-
2
-
health
42
-
65
-
pensions
74
-
114
-
other
79
-
122
-
total
214
-
331
-
Corporate
551
1 450
-
-
income
121
319
-
-
total
121
319
-
-
Dividends
430
1 131
-
-
withholding
129
339
-
-
total
129
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
668
658
690
677
After tax
782
792
760
773
Living cost
480
480
480
480
Free-cash
302
312
280
293

Estimated living cost  is $480 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$504
$258
$356
$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

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

-
-
-
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.

-
-
-
21
trade
-
-
-
148
income

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

-
-
-
377
health

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

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

-
-
-
81
total
-
-
-
627
Employee

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

602
-
1 450
-
health

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

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

81
-
81
-
surtax

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

3
-
21
-
income

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

52
-
377
-
total
136
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
848
1 450
-
-
chamber of commerce
3
4
-
-
trade
139
239
-
-
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
127
217
-
-
total
276
472
-
-
Dividends
571
978
-
-
withholding
138
240
-
-
surtax

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

8
13
-
-
total
146
253
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
725
479
627
After tax
892
725
971
823
Living cost
467
467
467
467
Free-cash
425
258
504
356

Estimated living cost  is $467 per week

$312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$618
$674
$632
$626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
192
income
-
-
-
204
health
-
-
-
37
total
-
-
-
433
Employee
913
913
1 323
-
health
9
16
22
-
social contributions
44
76
102
-
income
96
85
197
-
total
149
177
321
-
Employer
913
913
1 323
-
health
10
17
24
-
social contributions
44
76
102
-
total
54
93
126
-
Corporate
861
444
-
-
income
108
55
-
-
total
108
55
-
-
Dividends
753
388
-
-
withholding
128
66
-
-
total
128
66
-
-
Income
1 450
1 450
1 450
1 450
Total tax
439
391
447
433
After tax
1 011
1 059
1 003
1 017
Living cost
385
385
385
385
Free-cash
626
674
618
632

Estimated living cost  is $385 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
$628
$603
$791
$607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

307
122
1 213
-
health
21
9
85
-
pensions
31
12
121
-
unemployment
5
2
18
-
income
38
15
148
-
total
95
38
372
-
Employer

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

The minimum wage is 138,000 HUF per month.

307
122
1 213
-
pensions
60
24
237
-
total
60
24
237
-
Corporate
1 083
1 304
-
-
income
97
117
-
-
total
97
117
-
-
Dividends
986
1 187
-
-
withholding
187
225
-
-
social contributions
191
230
-
-
total
378
455
-
-
Income
1 450
1 450
1 450
1 450
Total tax
630
634
609
446
After tax
820
816
841
1 004
Living cost
213
213
213
213
Free-cash
607
603
628
791

Estimated living cost  is $213 per week

$145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$548
$873
$490
$799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
189
total
-
-
-
673
Employee
337
-
1 084
-
unemployment
5
-
17
-
pensions
7
-
22
-
income
38
-
209
-
total
50
-
248
-
Employer
337
-
1 084
-
unemployment
3
-
9
-
health
44
-
141
-
pensions
67
-
217
-
total
114
-
367
-
Corporate
999
1 450
-
-
income
200
290
-
-
total
200
290
-
-
Dividends
799
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
364
290
615
673
After tax
1 086
1 160
835
777
Living cost
287
287
287
287
Free-cash
799
873
548
490

Estimated living cost  is $287 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
$499
-$148
$730
$77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
income
-
-
-
372
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
455
Employee
417
-
1 265
-
health
48
-
145
-
pensions
47
-
92
-
income
57
-
264
-
total
152
-
501
-
Employer
417
-
1 265
-
unemployment
10
-
31
-
accident
7
-
21
-
pensions
68
-
133
-
total
85
-
185
-
Corporate
948
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.

853
1 305
-
-
total
853
1 305
-
-
Dividends
95
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 108
1 333
686
455
After tax
342
117
764
995
Living cost
265
265
265
265
Free-cash
77
-148
499
730

Estimated living cost  is $265 per week

$194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1064
$1281
$1339
$1264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
120
-
1 450
-
income
24
-
290
-
total
24
-
290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 330
1 450
-
-
total
-
-
-
-
Dividends
1 330
1 450
-
-
withholding
66
73
-
-
total
66
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
73
290
15
After tax
1 360
1 377
1 160
1 435
Living cost
96
96
96
96
Free-cash
1 264
1 281
1 064
1 339

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$520
$748
$460
$670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
348
health
-
-
-
64
total
-
-
-
673
Employee
431
-
1 158
-
health
6
-
16
-
pensions

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

30
-
81
-
unemployment
4
-
12
-
income
74
-
212
-
total
114
-
321
-
Employer
431
-
1 158
-
unemployment
4
-
12
-
accident
3
-
9
-
health
6
-
16
-
pensions

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

73
-
197
-
other
22
-
58
-
total
108
-
292
-
Corporate
910
1 450
-
-
income
191
305
-
-
total
191
305
-
-
Dividends
719
1 145
-
-
withholding
50
80
-
-
total
50
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
463
385
613
673
After tax
987
1 065
837
777
Living cost
316
316
316
316
Free-cash
670
748
520
460

Estimated living cost  is $316 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$76
$220
$211
$122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
345
pensions
-
-
-
94
total
-
-
-
439
Employee
1 132
-
1 273
-
health
19
-
21
-
pensions
109
-
121
-
income
204
-
255
-
total
332
-
397
-
Employer
1 132
-
1 273
-
health
21
-
24
-
pensions
134
-
153
-
total
155
-
177
-
Corporate
163
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.

31
275
-
-
total
31
275
-
-
Dividends
132
1 175
-
-
withholding
10
155
-
-
total
10
155
-
-
Income
1 450
1 450
1 450
1 450
Total tax
528
430
574
439
After tax
922
1 020
876
1 011
Living cost
800
800
800
800
Free-cash
122
220
76
211

Estimated living cost  is $800 per week

$599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1015
$1084
$965
$1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
61
health
-
-
-
48
total
-
-
-
329
Employee
206
-
1 369
-
health
10
-
19
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
36
-
income
21
-
137
-
total
51
-
197
-
Employer
206
-
1 369
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
29
-
pensions

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

23
-
46
-
total
40
-
82
-
Corporate
1 203
1 450
-
-
income
120
145
-
-
total
120
145
-
-
Dividends
1 083
1 305
-
-
withholding
54
65
-
-
total
54
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
265
210
279
329
After tax
1 185
1 240
1 171
1 121
Living cost
156
156
156
156
Free-cash
1 029
1 084
1 015
965

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$125
$48
$174
$78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

166
166
166
-
total
442
437
450
-
Employer
1 101
1 014
1 234
-
unemployment
40
37
44
-
health
77
71
86
-
pensions
77
71
86
-
total
194
179
216
-
Corporate
156
258
-
-
income
31
52
-
-
total
31
52
-
-
Dividends
125
206
-
-
withholding
19
31
-
-
income
27
44
-
-
total
46
75
-
-
Income
1 450
1 450
1 450
1 450
Total tax
713
743
666
617
After tax
737
707
784
833
Living cost
659
659
659
659
Free-cash
78
48
125
174

Estimated living cost  is $659 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$446
$708
$421
$604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
solidarity contribution
-
-
-
-
social contributions
-
-
-
418
income
-
-
-
125
health
-
-
-
196
total
-
-
-
739
Employee
427
-
1 082
-
health
58
-
146
-
social contributions
28
-
70
-
solidarity contribution
-
-
-
-
income
51
-
130
-
total
137
-
346
-
Employer
427
-
1 082
-
health
38
-
97
-
social contributions
107
-
271
-
total
145
-
368
-
Corporate
878
1 450
-
-
income
167
276
-
-
total
167
276
-
-
Dividends
711
1 174
-
-
withholding
107
176
-
-
total
107
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
556
452
714
739
After tax
894
998
736
711
Living cost
290
290
290
290
Free-cash
604
708
446
421

Estimated living cost  is $290 per week

$202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
municipal
-
-
-
9
social contributions
-
-
-
373
national
-
-
-
326
regional
-
-
-
16
total
-
-
-
724
Employee
1 056
-
1 450
-
social contributions
356
-
489
-
national
183
-
282
-
regional
10
-
14
-
municipal
6
-
8
-
total
555
-
793
-
Employer
1 056
-
1 450
-
total
-
-
-
-
Corporate
394
1 450
-
-
municipal
15
57
-
-
nationa
95
348
-
-
total
110
405
-
-
Dividends
284
1 045
-
-
withholding
74
272
-
-
total
74
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
739
677
793
724
After tax
711
773
657
726
Living cost
501
501
501
501
Free-cash
210
272
156
225

Estimated living cost  is $501 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
$418
$650
$443
$615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
41
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
308
pensions
-
-
-
290
health
-
-
-
103
total
-
-
-
745
Employee
393
-
1 198
-
health
10
-
31
-
pensions
26
-
80
-
unemployment
27
-
83
-
surtax
1
-
38
-
other
-
-
-
-
income
66
-
285
-
total
130
-
517
-
Employer
393
-
1 198
-
unemployment
12
-
38
-
health
18
-
55
-
pensions
52
-
160
-
other
-
-
-
-
total
82
-
253
-
Corporate
975
1 450
-
-
income
253
377
-
-
total
253
377
-
-
Dividends
721
1 073
-
-
withholding
108
161
-
-
total
108
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
573
538
770
745
After tax
877
912
680
705
Living cost
262
262
262
262
Free-cash
615
650
418
443

Estimated living cost  is $262 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$330
$474
$465
$447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
345
pensions
-
-
-
94
total
-
-
-
439
Employee
758
-
1 273
-
health
11
-
21
-
pensions
64
-
121
-
income
137
-
255
-
total
212
-
397
-
Employer
758
-
1 273
-
health
14
-
24
-
pensions
82
-
153
-
total
96
-
177
-
Corporate
595
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.

113
275
-
-
total
113
275
-
-
Dividends
482
1 175
-
-
withholding
36
155
-
-
total
36
155
-
-
Income
1 450
1 450
1 450
1 450
Total tax
457
430
574
439
After tax
993
1 020
876
1 011
Living cost
546
546
546
546
Free-cash
447
474
330
465

Estimated living cost  is $546 per week

$409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$189
-$276
$262
$127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
city
-
-
-
15
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
national
-
-
-
13
pensions
-
-
-
133
regional
-
-
-
56
health
-
-
-
3
total
-
-
-
249
Employee
1 099
-
1 298
-
health
2
-
3
-
pensions
92
-
109
-
unemployment
-
-
-
-
city
12
-
14
-
national
5
-
10
-
regional
36
-
48
-
total
147
-
184
-
Employer
1 099
-
1 298
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
92
-
109
-
other

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

22
-
26
-
total
116
-
138
-
Corporate
222
1 450
-
-
regional
47
307
-
-
national
19
123
-
-
total
66
430
-
-
Dividends
156
1 020
-
-
withholding
55
357
-
-
total
55
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
384
787
322
249
After tax
1 066
663
1 128
1 201
Living cost
939
939
939
939
Free-cash
127
-276
189
262

Estimated living cost  is $939 per week

$611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$427
$174
$273
$367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax

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

-
-
-
21
trade
-
-
-
154
income

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

-
-
-
377
health

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

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

-
-
-
81
total
-
-
-
633
Employee

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

714
-
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.

81
-
81
-
surtax

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

5
-
21
-
income

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

84
-
377
-
total
170
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
736
1 450
-
-
chamber of commerce
3
4
-
-
trade
126
249
-
-
surtax

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

6
12
-
-
income
110
217
-
-
total
245
482
-
-
Dividends
491
968
-
-
withholding
118
237
-
-
surtax

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

6
13
-
-
total
124
250
-
-
Income
1 450
1 450
1 450
1 450
Total tax
539
732
479
633
After tax
911
718
971
817
Living cost
544
544
544
544
Free-cash
367
174
427
273

Estimated living cost  is $544 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
$463
$324
$422
$394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
other
-
-
-
45
social contributions
-
-
-
41
income
-
-
-
175
pensions
-
-
-
320
health
-
-
-
41
total
-
-
-
622
Employee
508
-
1 158
-
social contributions
14
-
33
-
pensions
57
-
65
-
surtax
-
-
-
-
income
30
-
192
-
total
101
-
290
-
Employer
508
-
1 158
-
unemployment
21
-
47
-
health
36
-
89
-
pensions
84
-
112
-
other
18
-
40
-
social contributions
2
-
3
-
total
161
-
291
-
Corporate
783
1 450
-
-
surtax
-
-
-
-
income
219
406
-
-
total
219
406
-
-
Dividends
564
1 044
-
-
withholding
72
134
-
-
surtax
-
-
-
-
social contributions
97
180
-
-
total
169
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
650
720
581
622
After tax
800
730
869
828
Living cost
406
406
406
406
Free-cash
394
324
463
422

Estimated living cost  is $406 per week

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

Source of data for Nice model

Close
Marseille , France
$503
$364
$462
$431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is $366 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
$668
$633
$680
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
200
income
-
-
-
217
health
-
-
-
101
total
-
-
-
518
Employee
403
-
1 450
-
health
28
-
101
-
social contributions
56
-
200
-
income
67
-
229
-
total
151
-
530
-
Employer
403
-
1 450
-
total
-
-
-
-
Corporate
1 047
1 450
-
-
income

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

52
72
-
-
total
52
72
-
-
Dividends
995
1 378
-
-
withholding
149
207
-
-
health
69
96
-
-
social contributions
137
190
-
-
total
355
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
558
565
530
518
After tax
892
885
920
932
Living cost
252
252
252
252
Free-cash
640
633
668
680

Estimated living cost  is $252 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-$13
$391
$303
$371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
2
chamber of commerce
-
-
-
6
unemployment
-
-
-
73
income
-
-
-
284
pensions
-
-
-
257
health
-
-
-
106
total
-
-
-
728
Employee
594
473
1 124
-
health
23
18
44
-
pensions
61
48
115
-
unemployment
18
14
34
-
other
6
5
11
-
income
68
35
245
-
total
176
120
449
-
Employer
594
473
1 124
-
unemployment
18
14
34
-
payroll
18
14
34
-
accident
8
6
15
-
health
22
18
42
-
pensions
74
59
141
-
other
28
22
53
-
surtax
2
2
2
-
chamber of commerce
2
2
4
-
total
172
137
325
-
Corporate
683
838
1 079
-
income

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

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

171
210
270
-
total
171
210
270
-
Dividends
512
629
-
-
withholding
141
173
-
-
total
141
173
-
-
Income
1 450
1 450
1 450
1 450
Total tax
660
640
1 044
728
After tax
790
810
406
722
Living cost
419
419
419
419
Free-cash
371
391
-13
303

Estimated living cost  is $419 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$114
$379
$220
$203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
73
national
-
-
-
493
total
-
-
-
797
Employee

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

850
-
1 123
-
health

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

40
-
53
-
pensions

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

64
-
84
-
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
261
-
371
-
communal

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

44
-
59
-
total
416
-
577
-
Employer

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

850
-
1 123
-
unemployment

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

12
-
16
-
accident

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

11
-
15
-
health

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

52
-
69
-
pensions

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

75
-
99
-
surtax
96
-
127
-
total
246
-
326
-
Corporate
353
1 450
-
-
surtax
1
6
-
-
income
71
290
-
-
total
72
296
-
-
Dividends
281
1 154
-
-
withholding

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

80
342
-
-
total
80
342
-
-
Income
1 450
1 450
1 450
1 450
Total tax
814
638
903
797
After tax
636
812
547
653
Living cost
433
433
433
433
Free-cash
203
379
114
220

Estimated living cost  is $433 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
$317
$546
$373
$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
317
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
648
Employee
591
-
1 099
-
pensions
28
-
52
-
unemployment
9
-
17
-
other
1
-
1
-
income
125
-
284
-
total
163
-
354
-
Employer
591
-
1 099
-
unemployment
33
-
60
-
accident
12
-
22
-
pensions
140
-
259
-
other
5
-
9
-
total
190
-
350
-
Corporate
670
1 450
-
-
income

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

101
217
-
-
total
101
217
-
-
Dividends
570
1 233
-
-
withholding
117
258
-
-
total
117
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
571
475
704
648
After tax
879
975
746
802
Living cost
429
429
429
429
Free-cash
450
546
317
373

Estimated living cost  is $429 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$199
$232
$143
$121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
72
income
-
-
-
166
communal
-
-
-
92
pensions
-
-
-
217
accident
-
-
-
12
health
-
-
-
102
total
-
-
-
661
Employee
900
-
1 295
-
health
40
-
58
-
pensions
72
-
104
-
surtax
55
-
79
-
income
87
-
208
-
total
254
-
449
-
Employer
900
-
1 295
-
accident
8
-
12
-
health
27
-
40
-
pensions
72
-
104
-
total
107
-
156
-
Corporate
443
1 450
-
-
communal
30
98
-
-
surtax
5
15
-
-
income
66
217
-
-
total
101
330
-
-
Dividends
342
1 119
-
-
withholding
51
168
-
-
income
171
75
-
-
total
222
243
-
-
Income
1 450
1 450
1 450
1 450
Total tax
684
573
605
661
After tax
766
877
845
789
Living cost
646
646
646
646
Free-cash
121
232
199
143

Estimated living cost  is $646 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
$413
$645
$438
$608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
41
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
308
pensions
-
-
-
290
health
-
-
-
103
total
-
-
-
745
Employee
400
-
1 198
-
health
10
-
31
-
pensions
27
-
80
-
unemployment
28
-
83
-
surtax
1
-
38
-
other
-
-
-
-
income
67
-
285
-
total
133
-
517
-
Employer
400
-
1 198
-
unemployment
13
-
38
-
health
18
-
55
-
pensions
53
-
160
-
other
-
-
-
-
total
84
-
253
-
Corporate
966
1 450
-
-
income
251
377
-
-
total
251
377
-
-
Dividends
715
1 073
-
-
withholding
107
161
-
-
total
107
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
575
538
770
745
After tax
875
912
680
705
Living cost
267
267
267
267
Free-cash
608
645
413
438

Estimated living cost  is $267 per week

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

Source of data for Athens model

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

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

Dividends

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

Salary

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

Estimated living cost  is $320 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$378
$640
$353
$513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
solidarity contribution
-
-
-
-
social contributions
-
-
-
418
income
-
-
-
125
health
-
-
-
196
total
-
-
-
739
Employee
526
-
1 082
-
health
71
-
146
-
social contributions
34
-
70
-
solidarity contribution
-
-
-
-
income
63
-
130
-
total
168
-
346
-
Employer
526
-
1 082
-
health
47
-
97
-
social contributions
131
-
271
-
total
178
-
368
-
Corporate
745
1 450
-
-
income
142
276
-
-
total
142
276
-
-
Dividends
604
1 174
-
-
withholding
91
176
-
-
total
91
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
579
452
714
739
After tax
871
998
736
711
Living cost
358
358
358
358
Free-cash
513
640
378
353

Estimated living cost  is $358 per week

$266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
surtax
-
-
-
-
chamber of commerce
-
-
-
6
unemployment
-
-
-
73
income
-
-
-
284
pensions
-
-
-
257
health
-
-
-
106
total
-
-
-
726
Employee
519
473
1 126
-
health
20
18
44
-
pensions
53
48
115
-
unemployment
16
14
34
-
other
5
5
11
-
income
46
35
245
-
total
140
120
449
-
Employer
519
473
1 126
-
unemployment
16
14
34
-
payroll
16
14
34
-
accident
7
6
15
-
health
20
18
43
-
pensions
65
59
141
-
other
25
22
53
-
surtax
-
-
-
-
chamber of commerce
2
2
5
-
total
151
135
325
-
Corporate
781
840
1 081
-
income

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

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

195
210
270
-
total
195
210
270
-
Dividends
586
630
-
-
withholding
161
173
-
-
total
161
173
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
638
1 044
726
After tax
803
812
406
724
Living cost
379
379
379
379
Free-cash
424
433
27
345

Estimated living cost  is $379 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1010
$1227
$1285
$1200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
187
-
1 450
-
income
37
-
290
-
total
37
-
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%.

1 263
1 450
-
-
total
-
-
-
-
Dividends
1 263
1 450
-
-
withholding
63
73
-
-
total
63
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
100
73
290
15
After tax
1 350
1 377
1 160
1 435
Living cost
150
150
150
150
Free-cash
1 200
1 227
1 010
1 285

Estimated living cost  is $150 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$378
$680
$419
$581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 450
unemployment
-
-
-
2
income
-
-
-
302
pensions
-
-
-
265
health
-
-
-
143
total
-
-
-
712
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

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

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

525
-
1 255
-
unemployment
-
-
1
-
health
35
-
84
-
pensions
46
-
111
-
total
81
-
196
-
Corporate
843
1 450
-
-
income
160
275
-
-
total
160
275
-
-
Dividends
683
1 175
-
-
withholding
102
176
-
-
total
102
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
451
753
712
After tax
900
999
697
738
Living cost
319
319
319
319
Free-cash
581
680
378
419

Estimated living cost  is $319 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
$784
$372
$493
-$311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
165
income
-
-
-
283
total
-
-
-
448
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 030
-
147
-
total
1 030
-
147
-
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
1 251
568
156
448
After tax
199
882
1 294
1 002
Living cost
509
509
509
509
Free-cash
-311
372
784
493

Estimated living cost  is $509 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$335
$451
$425
$439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
surtax
-
-
-
-
social contributions

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

-
-
-
504
income
-
-
-
148
total
-
-
-
652
Employee
546
-
1 172
-
social contributions
60
-
129
-
surtax
-
-
-
-
income
114
-
335
-
total
174
-
464
-
Employer
546
-
1 172
-
social contributions
130
-
278
-
total
130
-
278
-
Corporate
774
1 450
-
-
surtax
-
-
-
-
income
163
305
-
-
total
163
305
-
-
Dividends
611
1 145
-
-
withholding
171
321
-
-
total
171
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
626
742
652
After tax
812
824
708
798
Living cost
373
373
373
373
Free-cash
439
451
335
425

Estimated living cost  is $373 per week

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

Source of data for Lisbon model

Close
Paris , France
$295
$156
$254
$238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
surtax
-
-
-
-
other
-
-
-
45
social contributions
-
-
-
41
income
-
-
-
175
pensions
-
-
-
320
health
-
-
-
41
total
-
-
-
622
Employee
744
-
1 158
-
social contributions
21
-
33
-
pensions
84
-
65
-
surtax
-
-
-
-
income
65
-
192
-
total
170
-
290
-
Employer
744
-
1 158
-
unemployment
30
-
47
-
health
52
-
89
-
pensions
122
-
112
-
other
26
-
40
-
social contributions
2
-
3
-
total
232
-
291
-
Corporate
474
1 450
-
-
surtax
-
-
-
-
income
133
406
-
-
total
133
406
-
-
Dividends
341
1 044
-
-
withholding
44
134
-
-
surtax
-
-
-
-
social contributions
59
180
-
-
total
103
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
638
720
581
622
After tax
812
730
869
828
Living cost
574
574
574
574
Free-cash
238
156
295
254

Estimated living cost  is $574 per week

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

Source of data for Paris model

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

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is $357 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1137
-$1137
$312
-$1137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
283
labour market
-
-
-
115
national
-
-
-
158
pensions
-
-
-
10
total
-
-
-
566
Employee
2 415
2 415
2 415
-
pensions
3
3
3
-
national
295
295
295
-
labour market
193
193
193
-
municipal
514
514
514
-
total
1 005
1 005
1 005
-
Employer
2 415
2 415
2 415
-
pensions
7
7
7
-
national
295
295
295
-
labour market
193
193
193
-
municipal
515
515
515
-
total
1 010
1 010
1 010
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
2 015
2 015
2 015
566
After tax
-565
-565
-565
884
Living cost
572
572
572
572
Free-cash
-1 137
-1 137
-1 137
312

Estimated living cost  is $572 per week

$392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$503
-$144
$734
$78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
income
-
-
-
372
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
455
Employee
411
-
1 265
-
health
47
-
145
-
pensions
46
-
92
-
income
56
-
264
-
total
149
-
501
-
Employer
411
-
1 265
-
unemployment
10
-
31
-
accident
7
-
21
-
pensions
67
-
133
-
total
84
-
185
-
Corporate
955
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.

860
1 305
-
-
total
860
1 305
-
-
Dividends
96
145
-
-
withholding
18
28
-
-
total
18
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 111
1 333
686
455
After tax
339
117
764
995
Living cost
261
261
261
261
Free-cash
78
-144
503
734

Estimated living cost  is $261 per week

$190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$346
$488
$545
$489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
municipal
-
-
-
258
national
-
-
-
174
health
-
-
-
17
total
-
-
-
449
Employee
625
-
1 220
-
health
5
-
14
-
pensions
42
-
82
-
unemployment
9
-
18
-
national
10
-
105
-
municipal
102
-
199
-
total
168
-
418
-
Employer
625
-
1 220
-
unemployment
4
-
8
-
accident
1
-
1
-
health
5
-
9
-
pensions
108
-
212
-
total
118
-
230
-
Corporate
707
1 450
-
-
income
141
290
-
-
total
141
290
-
-
Dividends

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

424
870
-
-
national
2
59
-
-
municipal
76
157
-
-
total
78
216
-
-
Income
1 450
1 450
1 450
1 450
Total tax
505
506
648
449
After tax
945
944
802
1 001
Living cost
456
456
456
456
Free-cash
489
488
346
545

Estimated living cost  is $456 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$728
$784
$742
$719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
social contributions
-
-
-
192
income
-
-
-
204
health
-
-
-
37
total
-
-
-
433
Employee
913
913
1 323
-
health
7
16
22
-
social contributions
35
76
102
-
income
99
85
197
-
total
141
177
321
-
Employer
913
913
1 323
-
health
8
17
24
-
social contributions
35
76
102
-
total
43
93
126
-
Corporate
992
444
-
-
income
124
55
-
-
total
124
55
-
-
Dividends
868
388
-
-
withholding
148
66
-
-
total
148
66
-
-
Income
1 450
1 450
1 450
1 450
Total tax
456
391
447
433
After tax
994
1 059
1 003
1 017
Living cost
275
275
275
275
Free-cash
719
784
728
742

Estimated living cost  is $275 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$761
$1012
$1000
$952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

273
-
1 334
-
health
23
-
96
-
pensions
41
-
169
-
unemployment
1
-
6
-
income
19
-
113
-
total
84
-
384
-
Employer

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

273
-
1 334
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
62
-
total
28
-
116
-
Corporate
1 149
1 450
-
-
income
103
130
-
-
total
103
130
-
-
Dividends
1 046
1 320
-
-
withholding
94
119
-
-
total
94
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
309
249
500
261
After tax
1 141
1 201
950
1 189
Living cost
189
189
189
189
Free-cash
952
1 012
761
1 000

Estimated living cost  is $189 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$419
$648
$475
$585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
317
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
648
Employee
439
-
1 099
-
pensions
21
-
52
-
unemployment
7
-
17
-
other
-
-
1
-
income
85
-
284
-
total
113
-
354
-
Employer
439
-
1 099
-
unemployment
24
-
60
-
accident
9
-
22
-
pensions
104
-
259
-
other
4
-
9
-
total
141
-
350
-
Corporate
871
1 450
-
-
income

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

131
217
-
-
total
131
217
-
-
Dividends
740
1 233
-
-
withholding
153
258
-
-
total
153
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
538
475
704
648
After tax
912
975
746
802
Living cost
327
327
327
327
Free-cash
585
648
419
475

Estimated living cost  is $327 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
$903
$881
$904
$877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
491
pensions
-
-
-
18
health
-
-
-
13
total
-
-
-
522
Employee
37
-
1 430
-
health
2
-
4
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
490
-
total
12
-
503
-
Employer
37
-
1 430
-
unemployment
1
-
2
-
health
4
-
8
-
pensions
4
-
10
-
total
9
-
20
-
Corporate
1 405
1 450
-
-
income
309
319
-
-
total
309
319
-
-
Dividends
1 096
1 131
-
-
withholding
219
226
-
-
total
219
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
549
545
523
522
After tax
901
905
927
928
Living cost
24
24
24
24
Free-cash
877
881
903
904

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$600
$842
$601
$785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

310
-
1 293
-
health
16
-
45
-
pensions
43
-
123
-
unemployment
2
-
7
-
income
43
-
313
-
total
104
-
488
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

310
-
1 293
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
37
-
105
-
total
55
-
157
-
Corporate
1 085
1 450
-
-
income
163
218
-
-
total
163
218
-
-
Dividends
922
1 232
-
-
withholding
138
185
-
-
total
138
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
460
403
645
644
After tax
990
1 047
805
806
Living cost
205
205
205
205
Free-cash
785
842
600
601

Estimated living cost  is $205 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
$388
$504
$478
$499
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
504
income
-
-
-
148
total
-
-
-
652
Employee
461
-
1 172
-
social contributions
51
-
129
-
surtax
-
-
-
-
income
90
-
335
-
total
141
-
464
-
Employer
461
-
1 172
-
social contributions
110
-
278
-
total
110
-
278
-
Corporate
879
1 450
-
-
surtax
-
-
-
-
income
185
305
-
-
total
185
305
-
-
Dividends
695
1 145
-
-
withholding
195
321
-
-
total
195
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
631
626
742
652
After tax
819
824
708
798
Living cost
320
320
320
320
Free-cash
499
504
388
478

Estimated living cost  is $320 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$329
$558
$385
$468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
317
pensions
-
-
-
312
accident
-
-
-
10
total
-
-
-
648
Employee
574
-
1 099
-
pensions
27
-
52
-
unemployment
9
-
17
-
other
1
-
1
-
income
120
-
284
-
total
157
-
354
-
Employer
574
-
1 099
-
unemployment
32
-
60
-
accident
11
-
22
-
pensions
135
-
259
-
other
5
-
9
-
total
183
-
350
-
Corporate
693
1 450
-
-
income

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

104
217
-
-
total
104
217
-
-
Dividends
589
1 233
-
-
withholding
121
258
-
-
total
121
258
-
-
Income
1 450
1 450
1 450
1 450
Total tax
565
475
704
648
After tax
885
975
746
802
Living cost
417
417
417
417
Free-cash
468
558
329
385

Estimated living cost  is $417 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
$967
$1036
$917
$962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
61
health
-
-
-
48
total
-
-
-
329
Employee
271
-
1 369
-
health
12
-
19
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
36
-
income
27
-
137
-
total
66
-
197
-
Employer
271
-
1 369
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
19
-
29
-
pensions

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

30
-
46
-
total
54
-
82
-
Corporate
1 126
1 450
-
-
income
113
145
-
-
total
113
145
-
-
Dividends
1 014
1 305
-
-
withholding
51
65
-
-
total
51
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
284
210
279
329
After tax
1 166
1 240
1 171
1 121
Living cost
204
204
204
204
Free-cash
962
1 036
967
917

Estimated living cost  is $204 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$512
$288
$383
$443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 450
surtax

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

-
-
-
21
trade
-
-
-
129
income

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

-
-
-
377
health

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

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

-
-
-
81
total
-
-
-
608
Employee

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

591
-
1 450
-
health

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

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

81
-
81
-
surtax

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

3
-
21
-
income

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

49
-
377
-
total
133
-
479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
859
1 450
-
-
chamber of commerce
3
4
-
-
trade
123
208
-
-
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
129
217
-
-
total
262
441
-
-
Dividends
597
1 009
-
-
withholding
145
248
-
-
surtax

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

8
14
-
-
total
153
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
548
703
479
608
After tax
902
747
971
842
Living cost
459
459
459
459
Free-cash
443
288
512
383

Estimated living cost  is $459 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$255
$338
$255
$365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
384
social contributions
-
-
-
134
total
-
-
-
518
Employee
929
-
1 450
-
social contributions
77
-
134
-
income
175
-
384
-
total
252
-
518
-
Employer
929
-
1 450
-
total
-
-
-
-
Corporate
521
1 450
-
-
income
65
181
-
-
total
65
181
-
-
Dividends
456
1 269
-
-
withholding
91
254
-
-
total
91
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
408
435
518
518
After tax
1 042
1 015
932
932
Living cost
677
677
677
677
Free-cash
365
338
255
255

Estimated living cost  is $677 per week

$515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$637
$448
$609
$489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
338
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
-
-
-
410
Employee
545
-
1 395
-
social contributions
55
-
55
-
income
59
-
272
-
total
114
-
327
-
Employer
545
-
1 395
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
851
1 450
-
-
income
298
508
-
-
total
298
508
-
-
Dividends
553
942
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 450
1 450
1 450
1 450
Total tax
530
571
382
410
After tax
920
879
1 068
1 040
Living cost
431
431
431
431
Free-cash
489
448
637
609

Estimated living cost  is $431 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$432
$576
$567
$573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
345
pensions
-
-
-
94
total
-
-
-
439
Employee
610
-
1 273
-
health
8
-
21
-
pensions
47
-
121
-
income
111
-
255
-
total
166
-
397
-
Employer
610
-
1 273
-
health
12
-
24
-
pensions
62
-
153
-
total
74
-
177
-
Corporate
767
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.

146
275
-
-
total
146
275
-
-
Dividends
621
1 175
-
-
withholding
47
155
-
-
total
47
155
-
-
Income
1 450
1 450
1 450
1 450
Total tax
433
430
574
439
After tax
1 017
1 020
876
1 011
Living cost
444
444
444
444
Free-cash
573
576
432
567

Estimated living cost  is $444 per week

$305
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

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
$477
-$170
$708
$73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
other
-
-
-
4
income
-
-
-
372
pensions
-
-
-
50
accident
-
-
-
3
health
-
-
-
26
total
-
-
-
455
Employee
452
-
1 265
-
health
52
-
145
-
pensions
51
-
92
-
income
62
-
264
-
total
165
-
501
-
Employer
452
-
1 265
-
unemployment
11
-
31
-
accident
8
-
21
-
pensions
73
-
133
-
total
92
-
185
-
Corporate
906
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.

816
1 305
-
-
total
816
1 305
-
-
Dividends
91
145
-
-
withholding
17
28
-
-
total
17
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 090
1 333
686
455
After tax
360
117
764
995
Living cost
287
287
287
287
Free-cash
73
-170
477
708

Estimated living cost  is $287 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$799
$1060
$662
$1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

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

12
14
-
-
total
12
14
-
-
Dividends
1 181
1 436
-
-
withholding
177
215
-
-
total
177
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
285
229
490
627
After tax
1 165
1 221
960
823
Living cost
161
161
161
161
Free-cash
1 004
1 060
799
662

Estimated living cost  is $161 per week

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

Source of data for Skopje model

Close
Rome , Italy
$170
$291
$237
$236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
373
national
-
-
-
326
regional
-
-
-
31
total
-
-
-
740
Employee
1 001
-
1 450
-
social contributions
338
-
489
-
national
169
-
282
-
regional
15
-
27
-
municipal
6
-
9
-
total
528
-
807
-
Employer
1 001
-
1 450
-
total
-
-
-
-
Corporate
449
1 450
-
-
municipal
22
70
-
-
nationa
108
348
-
-
total
130
418
-
-
Dividends
320
1 032
-
-
withholding
83
268
-
-
total
83
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
741
686
807
740
After tax
709
764
643
710
Living cost
473
473
473
473
Free-cash
236
291
170
237

Estimated living cost  is $473 per week

$332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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