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
$ 1550
per

Your estimated
City
free-cash

Dresden , Germany
$512
$427
$557
$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

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

-
-
-
1 550
trade
-
-
-
158
health

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

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

-
-
-
80
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.

-
-
-
23
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.

-
-
-
421
total
-
-
-
682
Employee

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

450
-
1 550
-
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
-
23
-
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
-
421
-
health

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

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

80
-
80
-
total
94
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 100
1 550
-
-
trade
173
244
-
-
income
165
232
-
-
chamber of commerce
3
4
-
-
surtax

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

9
13
-
-
total
350
493
-
-
Dividends
749
1 057
-
-
withholding
183
260
-
-
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.

10
14
-
-
total
193
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
637
767
524
682
After tax
913
783
1 026
868
Living cost
356
356
356
356
Free-cash
557
427
670
512

Estimated living cost  is $356 per week

$224
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$299
$340
$330
$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
-
-
-
1 550
municipal
-
-
-
165
pensions
-
-
-
186
social contributions
-
-
-
17
national
-
-
-
256
total
-
-
-
624
Employee
972
-
1 340
-
municipal
120
-
171
-
national
186
-
266
-
pensions
39
-
54
-
total
345
-
491
-
Employer
972
-
1 340
-
pensions
78
-
107
-
social contributions
10
-
14
-
total
88
-
121
-
Corporate
425
1 550
-
-
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%.

85
310
-
-
total
85
310
-
-
Dividends
340
1 240
-
-
withholding
75
273
-
-
total
75
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
593
583
612
624
After tax
957
967
938
926
Living cost
627
627
627
627
Free-cash
330
340
311
299

Estimated living cost  is $627 per week

$426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$220
$995
$898
$625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
surtax
-
-
-
395
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.

-
-
-
451
income
-
-
-
239
microenterprise
-
-
-
-
total
-
-
-
1 085
Employee
344
-
1 249
-
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
-
137
-
surtax
-
-
-
-
income
61
-
242
-
total
99
-
379
-
Employer
344
-
1 249
-
surtax
-
-
-
-
social contributions

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

83
-
301
-
total
83
-
301
-
Corporate
1 124
1 550
-
-
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%.

225
310
-
-
total
225
310
-
-
Dividends

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

899
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
407
310
680
1 085
After tax
1 143
1 240
870
465
Living cost
245
245
245
245
Free-cash
898
995
625
220

Estimated living cost  is $245 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
$399
$267
$195
$391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
375
total
-
-
-
658
Employee
1 004
1 004
1 331
-
pensions
181
138
138
-
income

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

164
164
164
-
health
154
131
145
-
total
499
433
447
-
Employer
1 004
1 004
1 331
-
pensions
70
70
87
-
unemployment
36
36
45
-
health
70
70
87
-
total
176
176
219
-
Corporate
382
370
-
-
income
76
74
-
-
total
76
74
-
-
Dividends
306
296
-
-
withholding
46
44
-
-
income
65
63
-
-
total
111
107
-
-
Income
1 550
1 550
1 550
1 550
Total tax
862
790
666
658
After tax
688
760
884
892
Living cost
493
493
493
493
Free-cash
195
267
391
399

Estimated living cost  is $493 per week

$349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$339
$360
$350
$325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
370
pensions
-
-
-
115
health
-
-
-
66
other
-
-
-
124
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
47
total
-
-
-
725
Employee
692
-
1 216
-
municipal
206
-
363
-
national
-
-
42
-
total
206
-
405
-
Employer
692
-
1 216
-
pensions
75
-
115
-
other
80
-
124
-
unemployment
18
-
28
-
accident
1
-
2
-
health
43
-
65
-
total
217
-
334
-
Corporate
641
1 550
-
-
income
141
341
-
-
total
141
341
-
-
Dividends
500
1 209
-
-
withholding
150
363
-
-
total
150
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
714
704
739
725
After tax
836
846
811
825
Living cost
486
486
486
486
Free-cash
350
360
325
339

Estimated living cost  is $486 per week

$322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$399
$313
$478
$564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
trade
-
-
-
165
health

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

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

-
-
-
80
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.

-
-
-
23
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.

-
-
-
421
total
-
-
-
689
Employee

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

596
-
1 550
-
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
-
23
-
income

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

51
-
421
-
health

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

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

80
-
80
-
total
134
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
954
1 550
-
-
trade
157
255
-
-
income
143
232
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
total
311
504
-
-
Dividends
643
1 046
-
-
withholding
156
257
-
-
surtax

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

9
14
-
-
total
165
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
610
775
524
689
After tax
940
775
1 026
861
Living cost
462
462
462
462
Free-cash
478
313
564
399

Estimated living cost  is $462 per week

$309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$702
$751
$702
$688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
40
social contributions
-
-
-
190
income
-
-
-
236
total
-
-
-
466
Employee
904
904
1 422
-
social contributions
44
75
101
-
income
95
84
229
-
health
9
15
24
-
total
148
174
354
-
Employer
904
904
1 422
-
social contributions
44
75
101
-
health
10
17
26
-
total
54
92
127
-
Corporate
967
554
-
-
income
121
69
-
-
total
121
69
-
-
Dividends
846
485
-
-
withholding
144
82
-
-
total
144
82
-
-
Income
1 550
1 550
1 550
1 550
Total tax
467
417
481
466
After tax
1 083
1 133
1 069
1 084
Living cost
381
381
381
381
Free-cash
702
751
688
702

Estimated living cost  is $381 per week

$261
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
$859
$657
$659
$682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
155
health
-
-
-
108
unemployment
-
-
-
23
income
-
-
-
189
total
-
-
-
475
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.

312
124
1 297
-
pensions
31
12
130
-
unemployment
5
2
19
-
income
38
15
159
-
health
22
9
91
-
total
96
38
399
-
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.

312
124
1 297
-
pensions
61
24
253
-
total
61
24
253
-
Corporate
1 178
1 402
-
-
income
106
126
-
-
total
106
126
-
-
Dividends
1 072
1 276
-
-
withholding
204
242
-
-
social contributions
208
247
-
-
total
412
489
-
-
Income
1 550
1 550
1 550
1 550
Total tax
675
677
652
475
After tax
875
873
898
1 075
Living cost
216
216
216
216
Free-cash
659
657
682
859

Estimated living cost  is $216 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$547
$956
$882
$609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
310
health
-
-
-
201
income
-
-
-
208
total
-
-
-
719
Employee
334
-
1 158
-
pensions
7
-
23
-
unemployment
5
-
19
-
income
38
-
223
-
total
50
-
265
-
Employer
334
-
1 158
-
pensions
67
-
232
-
unemployment
3
-
9
-
health
43
-
151
-
total
113
-
392
-
Corporate
1 104
1 550
-
-
income
221
310
-
-
total
221
310
-
-
Dividends
883
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
384
310
657
719
After tax
1 166
1 240
893
831
Living cost
284
284
284
284
Free-cash
882
956
609
547

Estimated living cost  is $284 per week

$195
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
$799
-$137
$86
$560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
405
total
-
-
-
488
Employee
414
-
1 362
-
pensions
47
-
91
-
income
57
-
292
-
health
47
-
156
-
total
151
-
539
-
Employer
414
-
1 362
-
pensions
67
-
132
-
unemployment
10
-
33
-
accident
7
-
23
-
total
84
-
188
-
Corporate
1 051
1 550
-
-
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.

946
1 395
-
-
total
946
1 395
-
-
Dividends
105
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 201
1 424
727
488
After tax
349
126
823
1 062
Living cost
263
263
263
263
Free-cash
86
-137
560
799

Estimated living cost  is $263 per week

$193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1437
$1376
$1358
$1143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
121
-
1 550
-
income
24
-
310
-
total
24
-
310
-
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%.

1 429
1 550
-
-
total
-
-
-
-
Dividends
1 429
1 550
-
-
withholding
71
77
-
-
total
71
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
77
310
16
After tax
1 455
1 473
1 240
1 534
Living cost
97
97
97
97
Free-cash
1 358
1 376
1 143
1 437

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$514
$825
$747
$579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
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.

-
-
-
372
health
-
-
-
68
other
-
-
-
74
income
-
-
-
209
total
-
-
-
723
Employee
427
-
1 238
-
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
-
87
-
unemployment
4
-
12
-
income
74
-
231
-
health
6
-
17
-
total
114
-
347
-
Employer
427
-
1 238
-
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
-
210
-
other
21
-
62
-
unemployment
4
-
12
-
accident
3
-
10
-
health
6
-
17
-
total
107
-
311
-
Corporate
1 015
1 550
-
-
income
213
326
-
-
total
213
326
-
-
Dividends
802
1 224
-
-
withholding
56
86
-
-
total
56
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
490
412
658
723
After tax
1 060
1 138
892
827
Living cost
313
313
313
313
Free-cash
747
825
579
514

Estimated living cost  is $313 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
$286
$289
$223
$143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
95
income
-
-
-
390
total
-
-
-
485
Employee
1 102
-
1 359
-
pensions
106
-
120
-
income
199
-
294
-
health
18
-
22
-
total
323
-
436
-
Employer
1 102
-
1 359
-
pensions
130
-
166
-
health
21
-
26
-
total
151
-
192
-
Corporate
297
1 550
-
-
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.

56
295
-
-
total
56
295
-
-
Dividends
241
1 255
-
-
withholding
18
187
-
-
total
18
187
-
-
Income
1 550
1 550
1 550
1 550
Total tax
548
482
628
485
After tax
1 002
1 068
922
1 065
Living cost
779
779
779
779
Free-cash
223
289
143
286

Estimated living cost  is $779 per week

$583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1053
$1171
$1118
$1109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
233
total
-
-
-
343
Employee
204
-
1 469
-
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
20
-
147
-
health
9
-
19
-
total
49
-
207
-
Employer
204
-
1 469
-
pensions

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

22
-
45
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
total
39
-
80
-
Corporate
1 306
1 550
-
-
income
131
155
-
-
total
131
155
-
-
Dividends
1 175
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
278
225
287
343
After tax
1 272
1 325
1 263
1 207
Living cost
154
154
154
154
Free-cash
1 118
1 171
1 109
1 053

Estimated living cost  is $154 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Varna model

Close
Amsterdam , Netherlands
$240
$108
$137
$232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
138
health
-
-
-
145
income
-
-
-
375
total
-
-
-
658
Employee
1 091
1 004
1 331
-
pensions
138
138
138
-
income

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

164
164
164
-
health
136
131
145
-
total
438
433
447
-
Employer
1 091
1 004
1 331
-
pensions
76
70
87
-
unemployment
39
36
45
-
health
76
70
87
-
total
191
176
219
-
Corporate
269
370
-
-
income
54
74
-
-
total
54
74
-
-
Dividends
215
296
-
-
withholding
32
44
-
-
income
46
63
-
-
total
78
107
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
790
666
658
After tax
789
760
884
892
Living cost
652
652
652
652
Free-cash
137
108
232
240

Estimated living cost  is $652 per week

$481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$491
$776
$671
$495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
209
social contributions
-
-
-
420
solidarity contribution
-
-
-
-
income
-
-
-
138
total
-
-
-
767
Employee
430
-
1 157
-
social contributions
28
-
75
-
income
52
-
139
-
solidarity contribution
-
-
-
-
health
58
-
156
-
total
138
-
370
-
Employer
430
-
1 157
-
social contributions
107
-
289
-
health
39
-
104
-
total
146
-
393
-
Corporate
974
1 550
-
-
income
185
294
-
-
total
185
294
-
-
Dividends
789
1 256
-
-
withholding
118
188
-
-
total
118
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
587
482
763
767
After tax
963
1 068
787
783
Living cost
292
292
292
292
Free-cash
671
776
495
491

Estimated living cost  is $292 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$273
$331
$269
$199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
18
social contributions
-
-
-
399
national
-
-
-
355
total
-
-
-
781
Employee
1 045
-
1 550
-
social contributions
352
-
523
-
municipal
6
-
8
-
regional
10
-
16
-
national
181
-
308
-
total
549
-
855
-
Employer
1 045
-
1 550
-
total
-
-
-
-
Corporate
505
1 550
-
-
nationa
121
372
-
-
municipal
20
60
-
-
total
141
432
-
-
Dividends
364
1 118
-
-
withholding
95
291
-
-
total
95
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
785
723
855
781
After tax
765
827
695
769
Living cost
496
496
496
496
Free-cash
269
331
199
273

Estimated living cost  is $496 per week

$346
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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$478
$715
$678
$452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
310
health
-
-
-
110
surtax
-
-
-
47
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
342
total
-
-
-
812
Employee
389
-
1 280
-
surtax
1
-
43
-
pensions
26
-
85
-
other
-
-
-
-
unemployment
27
-
89
-
income
65
-
318
-
health
10
-
33
-
total
129
-
568
-
Employer
389
-
1 280
-
pensions
52
-
171
-
other
-
-
-
-
unemployment
12
-
41
-
health
18
-
58
-
total
82
-
270
-
Corporate
1 079
1 550
-
-
income
281
403
-
-
total
281
403
-
-
Dividends
799
1 147
-
-
withholding
120
172
-
-
total
120
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
838
812
After tax
938
975
712
738
Living cost
260
260
260
260
Free-cash
678
715
452
478

Estimated living cost  is $260 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$533
$536
$537
$390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
95
income
-
-
-
390
total
-
-
-
485
Employee
738
-
1 359
-
pensions
63
-
120
-
income
133
-
294
-
health
11
-
22
-
total
207
-
436
-
Employer
738
-
1 359
-
pensions
80
-
166
-
health
14
-
26
-
total
94
-
192
-
Corporate
718
1 550
-
-
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.

136
295
-
-
total
136
295
-
-
Dividends
581
1 255
-
-
withholding
44
187
-
-
total
44
187
-
-
Income
1 550
1 550
1 550
1 550
Total tax
481
482
628
485
After tax
1 069
1 068
922
1 065
Living cost
532
532
532
532
Free-cash
537
536
390
533

Estimated living cost  is $532 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$340
-$232
$173
$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
-
-
-
1 550
regional
-
-
-
62
city
-
-
-
16
pensions
-
-
-
143
health
-
-
-
3
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.

-
-
-
31
national
-
-
-
15
total
-
-
-
270
Employee
1 100
-
1 387
-
regional
36
-
54
-
national
5
-
12
-
pensions
92
-
117
-
unemployment
-
-
-
-
city
12
-
15
-
health
2
-
3
-
total
147
-
201
-
Employer
1 100
-
1 387
-
pensions
92
-
117
-
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
-
28
-
unemployment
-
-
-
-
health
2
-
3
-
total
116
-
148
-
Corporate
321
1 550
-
-
regional
68
328
-
-
national
27
132
-
-
total
95
460
-
-
Dividends
226
1 090
-
-
withholding
79
382
-
-
total
79
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
437
842
349
270
After tax
1 113
708
1 201
1 280
Living cost
940
940
940
940
Free-cash
173
-232
261
340

Estimated living cost  is $940 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
$315
$228
$419
$487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
trade
-
-
-
172
health

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

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

-
-
-
80
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.

-
-
-
23
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.

-
-
-
421
total
-
-
-
696
Employee

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

707
-
1 550
-
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
-
23
-
income

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

83
-
421
-
health

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

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

80
-
80
-
total
168
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
843
1 550
-
-
trade
145
266
-
-
income
126
232
-
-
chamber of commerce
3
4
-
-
surtax

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

7
13
-
-
total
281
515
-
-
Dividends
562
1 035
-
-
withholding
136
254
-
-
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
14
-
-
total
143
268
-
-
Income
1 550
1 550
1 550
1 550
Total tax
592
783
524
696
After tax
958
767
1 026
854
Living cost
539
539
539
539
Free-cash
419
228
487
315

Estimated living cost  is $539 per week

$394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$481
$379
$449
$507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
326
health
-
-
-
49
surtax
-
-
-
-
other
-
-
-
48
social contributions
-
-
-
44
income
-
-
-
200
total
-
-
-
667
Employee
503
-
1 230
-
social contributions
14
-
35
-
surtax
-
-
-
-
pensions
57
-
73
-
income
30
-
212
-
total
101
-
320
-
Employer
503
-
1 230
-
pensions
83
-
125
-
social contributions
2
-
4
-
other
17
-
43
-
unemployment
20
-
50
-
health
35
-
99
-
total
157
-
321
-
Corporate
889
1 550
-
-
income
249
434
-
-
surtax
-
-
-
-
total
249
434
-
-
Dividends
640
1 116
-
-
withholding
82
143
-
-
surtax
-
-
-
-
social contributions
110
192
-
-
total
192
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
699
769
641
667
After tax
851
781
909
883
Living cost
402
402
402
402
Free-cash
449
379
507
481

Estimated living cost  is $402 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$520
$418
$483
$546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
326
health
-
-
-
49
surtax
-
-
-
-
other
-
-
-
48
social contributions
-
-
-
44
income
-
-
-
200
total
-
-
-
667
Employee
449
-
1 230
-
social contributions
13
-
35
-
surtax
-
-
-
-
pensions
51
-
73
-
income
23
-
212
-
total
87
-
320
-
Employer
449
-
1 230
-
pensions
74
-
125
-
social contributions
1
-
4
-
other
16
-
43
-
unemployment
18
-
50
-
health
31
-
99
-
total
140
-
321
-
Corporate
960
1 550
-
-
income
269
434
-
-
surtax
-
-
-
-
total
269
434
-
-
Dividends
691
1 116
-
-
withholding
89
143
-
-
surtax
-
-
-
-
social contributions
119
192
-
-
total
208
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
704
769
641
667
After tax
846
781
909
883
Living cost
363
363
363
363
Free-cash
483
418
546
520

Estimated living cost  is $363 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Marseille model

Close
Vilnius , Lithuania
$747
$697
$702
$730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
108
social contributions
-
-
-
214
income
-
-
-
232
total
-
-
-
554
Employee
399
-
1 550
-
social contributions
55
-
214
-
income
67
-
249
-
health
28
-
108
-
total
150
-
571
-
Employer
399
-
1 550
-
total
-
-
-
-
Corporate
1 151
1 550
-
-
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%.

58
77
-
-
total
58
77
-
-
Dividends
1 094
1 473
-
-
withholding
164
221
-
-
social contributions
151
203
-
-
health
76
103
-
-
total
391
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
599
604
571
554
After tax
951
946
979
996
Living cost
249
249
249
249
Free-cash
702
697
730
747

Estimated living cost  is $249 per week

$167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$368
$448
$429
$8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
254
health
-
-
-
105
surtax
-
-
-
2
unemployment
-
-
-
72
income
-
-
-
329
chamber of commerce
-
-
-
6
total
-
-
-
768
Employee
588
469
1 202
-
pensions
60
48
123
-
other
6
5
12
-
unemployment
18
14
36
-
income
67
35
273
-
health
23
18
47
-
total
174
120
491
-
Employer
588
469
1 202
-
payroll
18
14
36
-
chamber of commerce
2
2
5
-
pensions
74
59
151
-
surtax
2
2
2
-
other
28
22
57
-
unemployment
18
14
36
-
accident
8
6
16
-
health
22
18
45
-
total
172
137
348
-
Corporate
791
944
1 157
-
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.

198
236
289
-
total
198
236
289
-
Dividends
593
708
-
-
withholding
163
195
-
-
total
163
195
-
-
Income
1 550
1 550
1 550
1 550
Total tax
707
688
1 128
768
After tax
843
862
422
782
Living cost
414
414
414
414
Free-cash
429
448
8
368

Estimated living cost  is $414 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$261
$439
$262
$146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
245
communal

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

-
-
-
78
national
-
-
-
537
total
-
-
-
860
Employee

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

841
-
1 201
-
national
259
-
406
-
pensions

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

63
-
90
-
unemployment

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

7
-
10
-
communal

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

44
-
63
-
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
-
56
-
total
413
-
625
-
Employer

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

841
-
1 201
-
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
-
106
-
surtax
95
-
136
-
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
-
18
-
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
-
16
-
health

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

52
-
74
-
total
245
-
350
-
Corporate
464
1 550
-
-
income
93
310
-
-
surtax
2
6
-
-
total
95
316
-
-
Dividends
369
1 234
-
-
withholding

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

106
366
-
-
total
106
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
859
682
975
860
After tax
691
868
575
690
Living cost
429
429
429
429
Free-cash
262
439
146
261

Estimated living cost  is $429 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$440
$615
$523
$385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
357
total
-
-
-
685
Employee
586
-
1 202
-
pensions
28
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
124
-
323
-
total
162
-
392
-
Employer
586
-
1 202
-
pensions
138
-
257
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
total
187
-
348
-
Corporate
778
1 550
-
-
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.

117
232
-
-
total
117
232
-
-
Dividends
661
1 318
-
-
withholding
136
278
-
-
total
136
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
602
510
740
685
After tax
948
1 040
810
865
Living cost
425
425
425
425
Free-cash
523
615
385
440

Estimated living cost  is $425 per week

$313
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
$186
$294
$173
$247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
232
health
-
-
-
109
surtax
-
-
-
77
accident
-
-
-
13
communal
-
-
-
98
income
-
-
-
196
total
-
-
-
725
Employee
891
-
1 385
-
surtax
55
-
85
-
pensions
71
-
111
-
income
86
-
241
-
health
40
-
62
-
total
252
-
499
-
Employer
891
-
1 385
-
pensions
71
-
111
-
accident
8
-
12
-
health
27
-
42
-
total
106
-
165
-
Corporate
553
1 550
-
-
communal
37
105
-
-
income
83
232
-
-
surtax
6
16
-
-
total
126
353
-
-
Dividends
427
1 197
-
-
withholding
64
179
-
-
income
190
85
-
-
total
254
264
-
-
Income
1 550
1 550
1 550
1 550
Total tax
738
617
664
725
After tax
812
933
886
825
Living cost
639
639
639
639
Free-cash
173
294
247
186

Estimated living cost  is $639 per week

$480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$474
$711
$674
$448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
310
health
-
-
-
110
surtax
-
-
-
47
other
-
-
-
-
unemployment
-
-
-
3
income
-
-
-
342
total
-
-
-
812
Employee
396
-
1 280
-
surtax
1
-
43
-
pensions
26
-
85
-
other
-
-
-
-
unemployment
28
-
89
-
income
66
-
318
-
health
10
-
33
-
total
131
-
568
-
Employer
396
-
1 280
-
pensions
53
-
171
-
other
-
-
-
-
unemployment
13
-
41
-
health
18
-
58
-
total
84
-
270
-
Corporate
1 070
1 550
-
-
income
278
403
-
-
total
278
403
-
-
Dividends
792
1 147
-
-
withholding
119
172
-
-
total
119
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
838
812
After tax
938
975
712
738
Living cost
264
264
264
264
Free-cash
674
711
448
474

Estimated living cost  is $264 per week

$160
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
$447
$498
$472
$373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
23
social contributions
-
-
-
399
national
-
-
-
355
total
-
-
-
786
Employee
652
-
1 550
-
social contributions
220
-
523
-
municipal
3
-
8
-
regional
9
-
21
-
national
103
-
308
-
total
335
-
860
-
Employer
652
-
1 550
-
total
-
-
-
-
Corporate
898
1 550
-
-
nationa
215
372
-
-
municipal
45
77
-
-
total
260
449
-
-
Dividends
638
1 101
-
-
withholding
166
286
-
-
total
166
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
735
860
786
After tax
789
815
690
764
Living cost
317
317
317
317
Free-cash
472
498
373
447

Estimated living cost  is $317 per week

$197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$423
$708
$579
$427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
209
social contributions
-
-
-
420
solidarity contribution
-
-
-
-
income
-
-
-
138
total
-
-
-
767
Employee
529
-
1 157
-
social contributions
34
-
75
-
income
64
-
139
-
solidarity contribution
-
-
-
-
health
71
-
156
-
total
169
-
370
-
Employer
529
-
1 157
-
social contributions
132
-
289
-
health
48
-
104
-
total
180
-
393
-
Corporate
841
1 550
-
-
income
160
294
-
-
total
160
294
-
-
Dividends
681
1 256
-
-
withholding
102
188
-
-
total
102
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
611
482
763
767
After tax
939
1 068
787
783
Living cost
360
360
360
360
Free-cash
579
708
427
423

Estimated living cost  is $360 per week

$268
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
$409
$488
$484
$48
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
254
health
-
-
-
105
surtax
-
-
-
-
unemployment
-
-
-
72
income
-
-
-
329
chamber of commerce
-
-
-
6
total
-
-
-
766
Employee
514
469
1 204
-
pensions
53
48
123
-
other
5
5
12
-
unemployment
15
14
36
-
income
46
35
273
-
health
20
18
47
-
total
139
120
491
-
Employer
514
469
1 204
-
payroll
15
14
36
-
chamber of commerce
2
2
5
-
pensions
65
59
151
-
surtax
-
-
-
-
other
24
22
57
-
unemployment
15
14
36
-
accident
7
6
16
-
health
19
18
45
-
total
147
135
346
-
Corporate
888
946
1 159
-
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.

222
237
290
-
total
222
237
290
-
Dividends
666
710
-
-
withholding
183
195
-
-
total
183
195
-
-
Income
1 550
1 550
1 550
1 550
Total tax
691
687
1 127
766
After tax
859
863
423
784
Living cost
375
375
375
375
Free-cash
484
488
48
409

Estimated living cost  is $375 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1384
$1323
$1294
$1090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
188
-
1 550
-
income
38
-
310
-
total
38
-
310
-
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%.

1 362
1 550
-
-
total
-
-
-
-
Dividends
1 362
1 550
-
-
withholding
68
77
-
-
total
68
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
106
77
310
16
After tax
1 444
1 473
1 240
1 534
Living cost
150
150
150
150
Free-cash
1 294
1 323
1 090
1 384

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$467
$751
$652
$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

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.

-
-
-
1 550
pensions
-
-
-
283
health
-
-
-
153
unemployment
-
-
-
2
income
-
-
-
329
total
-
-
-
767
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.

520
-
1 341
-
pensions
81
-
208
-
unemployment
1
-
2
-
income
90
-
304
-
health
34
-
87
-
total
206
-
601
-
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.

520
-
1 341
-
pensions
46
-
119
-
unemployment
-
-
1
-
health
35
-
89
-
total
81
-
209
-
Corporate
949
1 550
-
-
income
180
295
-
-
total
180
295
-
-
Dividends
769
1 255
-
-
withholding
115
188
-
-
total
115
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
582
483
810
767
After tax
968
1 067
740
783
Living cost
316
316
316
316
Free-cash
652
751
424
467

Estimated living cost  is $316 per week

$217
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
$556
$428
-$230
$878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
177
income
-
-
-
302
total
-
-
-
479
Employee
738
-
-
-
social contributions
61
-
9
-
income
163
-
-
-
total
224
-
9
-
Employer
738
-
-
-
social contributions
1 041
-
148
-
total
1 041
-
148
-
Corporate
-
1 550
-
-
income
-
341
-
-
total
-
341
-
-
Dividends
-
1 209
-
-
income
-
266
-
-
total
-
266
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 265
607
157
479
After tax
285
943
1 393
1 071
Living cost
515
515
515
515
Free-cash
-230
428
878
556

Estimated living cost  is $515 per week

$334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$478
$512
$500
$377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
surtax
-
-
-
-
social contributions

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

-
-
-
539
income
-
-
-
164
total
-
-
-
703
Employee
541
-
1 253
-
social contributions
60
-
138
-
surtax
-
-
-
-
income
113
-
369
-
total
173
-
507
-
Employer
541
-
1 253
-
social contributions
128
-
297
-
total
128
-
297
-
Corporate
881
1 550
-
-
income
185
326
-
-
surtax
-
-
-
-
total
185
326
-
-
Dividends
696
1 224
-
-
withholding
195
343
-
-
total
195
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
681
669
804
703
After tax
869
881
746
847
Living cost
369
369
369
369
Free-cash
500
512
377
478

Estimated living cost  is $369 per week

$276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$315
$213
$295
$341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
326
health
-
-
-
49
surtax
-
-
-
-
other
-
-
-
48
social contributions
-
-
-
44
income
-
-
-
200
total
-
-
-
667
Employee
737
-
1 230
-
social contributions
21
-
35
-
surtax
-
-
-
-
pensions
83
-
73
-
income
64
-
212
-
total
168
-
320
-
Employer
737
-
1 230
-
pensions
121
-
125
-
social contributions
2
-
4
-
other
25
-
43
-
unemployment
30
-
50
-
health
52
-
99
-
total
230
-
321
-
Corporate
583
1 550
-
-
income
163
434
-
-
surtax
-
-
-
-
total
163
434
-
-
Dividends
420
1 116
-
-
withholding
54
143
-
-
surtax
-
-
-
-
social contributions
72
192
-
-
total
126
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
687
769
641
667
After tax
863
781
909
883
Living cost
568
568
568
568
Free-cash
295
213
341
315

Estimated living cost  is $568 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$806
$1041
$1001
$847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
341
income
-
-
-
49
total
-
-
-
390
Employee
378
-
1 342
-
social contributions
25
-
87
-
income
-
-
54
-
total
25
-
141
-
Employer
378
-
1 342
-
social contributions
59
-
208
-
total
59
-
208
-
Corporate
1 113
1 550
-
-
income
111
155
-
-
total
111
155
-
-
Dividends
1 002
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
195
155
349
390
After tax
1 355
1 395
1 201
1 160
Living cost
354
354
354
354
Free-cash
1 001
1 041
847
806

Estimated living cost  is $354 per week

$229
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.
$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

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
$379
-$1010
-$1010
-$1010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
307
pensions
-
-
-
10
labour market
-
-
-
123
national
-
-
-
165
total
-
-
-
605
Employee
2 388
2 388
2 388
-
municipal
509
509
509
-
national
292
292
292
-
pensions
3
3
3
-
labour market
191
191
191
-
total
995
995
995
-
Employer
2 388
2 388
2 388
-
labour market
191
191
191
-
pensions
7
7
7
-
municipal
509
509
509
-
national
292
292
292
-
total
999
999
999
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 994
1 994
1 994
605
After tax
-444
-444
-444
945
Living cost
566
566
566
566
Free-cash
-1 010
-1 010
-1 010
379

Estimated living cost  is $566 per week

$387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$802
-$134
$85
$563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
405
total
-
-
-
488
Employee
408
-
1 362
-
pensions
46
-
91
-
income
56
-
292
-
health
47
-
156
-
total
149
-
539
-
Employer
408
-
1 362
-
pensions
66
-
132
-
unemployment
10
-
33
-
accident
7
-
23
-
total
83
-
188
-
Corporate
1 058
1 550
-
-
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.

953
1 395
-
-
total
953
1 395
-
-
Dividends
106
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 205
1 424
727
488
After tax
345
126
823
1 062
Living cost
260
260
260
260
Free-cash
85
-134
563
802

Estimated living cost  is $260 per week

$189
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
$606
$550
$557
$395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 550
municipal
-
-
-
276
health
-
-
-
19
national
-
-
-
197
total
-
-
-
492
Employee
619
-
1 304
-
municipal
101
-
213
-
national
10
-
122
-
pensions
42
-
88
-
unemployment
9
-
20
-
health
5
-
15
-
total
167
-
458
-
Employer
619
-
1 304
-
pensions
107
-
226
-
unemployment
4
-
8
-
accident
1
-
1
-
health
5
-
10
-
total
117
-
245
-
Corporate
814
1 550
-
-
income
163
310
-
-
total
163
310
-
-
Dividends

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

489
930
-
-
municipal
88
167
-
-
national
6
71
-
-
total
94
238
-
-
Income
1 550
1 550
1 550
1 550
Total tax
541
548
703
492
After tax
1 009
1 002
847
1 058
Living cost
452
452
452
452
Free-cash
557
550
395
606

Estimated living cost  is $452 per week

$295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$812
$861
$797
$797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
40
social contributions
-
-
-
190
income
-
-
-
236
total
-
-
-
466
Employee
904
904
1 422
-
social contributions
34
75
101
-
income
98
84
229
-
health
7
15
24
-
total
139
174
354
-
Employer
904
904
1 422
-
social contributions
34
75
101
-
health
8
17
26
-
total
42
92
127
-
Corporate
1 096
554
-
-
income
137
69
-
-
total
137
69
-
-
Dividends
959
485
-
-
withholding
163
82
-
-
total
163
82
-
-
Income
1 550
1 550
1 550
1 550
Total tax
481
417
481
466
After tax
1 069
1 133
1 069
1 084
Living cost
272
272
272
272
Free-cash
797
861
797
812

Estimated living cost  is $272 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1092
$1096
$1037
$856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 550
pensions
-
-
-
75
health
-
-
-
43
unemployment
-
-
-
-
income
-
-
-
153
total
-
-
-
271
Employee

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

270
-
1 435
-
pensions
40
-
167
-
unemployment
1
-
6
-
income
18
-
124
-
health
23
-
95
-
total
82
-
392
-
Employer

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

270
-
1 435
-
pensions
15
-
61
-
unemployment
1
-
6
-
health
12
-
48
-
total
28
-
115
-
Corporate
1 252
1 550
-
-
income
113
140
-
-
total
113
140
-
-
Dividends
1 140
1 410
-
-
withholding
103
127
-
-
total
103
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
326
267
507
271
After tax
1 224
1 283
1 043
1 279
Living cost
187
187
187
187
Free-cash
1 037
1 096
856
1 092

Estimated living cost  is $187 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$542
$717
$659
$487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
357
total
-
-
-
685
Employee
435
-
1 202
-
pensions
20
-
51
-
other
-
-
1
-
unemployment
7
-
17
-
income
84
-
323
-
total
111
-
392
-
Employer
435
-
1 202
-
pensions
103
-
257
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
total
139
-
348
-
Corporate
976
1 550
-
-
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.

146
232
-
-
total
146
232
-
-
Dividends
830
1 318
-
-
withholding
172
278
-
-
total
172
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
568
510
740
685
After tax
982
1 040
810
865
Living cost
323
323
323
323
Free-cash
659
717
487
542

Estimated living cost  is $323 per week

$218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$971
$944
$940
$969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
17
health
-
-
-
12
income
-
-
-
527
total
-
-
-
556
Employee
35
-
1 531
-
pensions
3
-
8
-
unemployment
-
-
1
-
income
7
-
526
-
health
2
-
4
-
total
12
-
539
-
Employer
35
-
1 531
-
pensions
4
-
9
-
unemployment
1
-
2
-
health
3
-
8
-
total
8
-
19
-
Corporate
1 507
1 550
-
-
income
332
341
-
-
total
332
341
-
-
Dividends
1 176
1 209
-
-
withholding
235
242
-
-
total
235
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
587
583
558
556
After tax
963
967
992
994
Living cost
23
23
23
23
Free-cash
940
944
969
971

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$681
$917
$859
$679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 550
pensions
-
-
-
226
health
-
-
-
89
unemployment
-
-
-
13
income
-
-
-
338
total
-
-
-
666
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.

307
-
1 394
-
pensions
43
-
122
-
unemployment
2
-
7
-
income
42
-
338
-
health
16
-
45
-
total
103
-
512
-
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.

307
-
1 394
-
pensions
37
-
104
-
unemployment
2
-
7
-
health
16
-
45
-
total
55
-
156
-
Corporate
1 189
1 550
-
-
income
178
232
-
-
total
178
232
-
-
Dividends
1 010
1 318
-
-
withholding
152
198
-
-
total
152
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
488
430
668
666
After tax
1 062
1 120
882
884
Living cost
203
203
203
203
Free-cash
859
917
679
681

Estimated living cost  is $203 per week

$137
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
$530
$564
$561
$429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 550
surtax
-
-
-
-
social contributions

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

-
-
-
539
income
-
-
-
164
total
-
-
-
703
Employee
457
-
1 253
-
social contributions
50
-
138
-
surtax
-
-
-
-
income
89
-
369
-
total
139
-
507
-
Employer
457
-
1 253
-
social contributions
108
-
297
-
total
108
-
297
-
Corporate
985
1 550
-
-
income
207
326
-
-
surtax
-
-
-
-
total
207
326
-
-
Dividends
778
1 224
-
-
withholding
218
343
-
-
total
218
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
672
669
804
703
After tax
878
881
746
847
Living cost
317
317
317
317
Free-cash
561
564
429
530

Estimated living cost  is $317 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$452
$627
$540
$397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
309
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
income
-
-
-
357
total
-
-
-
685
Employee
568
-
1 202
-
pensions
27
-
51
-
other
1
-
1
-
unemployment
9
-
17
-
income
119
-
323
-
total
156
-
392
-
Employer
568
-
1 202
-
pensions
134
-
257
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
total
181
-
348
-
Corporate
801
1 550
-
-
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.

120
232
-
-
total
120
232
-
-
Dividends
681
1 318
-
-
withholding
140
278
-
-
total
140
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
510
740
685
After tax
953
1 040
810
865
Living cost
413
413
413
413
Free-cash
540
627
397
452

Estimated living cost  is $413 per week

$297
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
$1005
$1123
$1051
$1061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions

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

-
-
-
61
health
-
-
-
47
unemployment
-
-
-
2
income
-
-
-
233
total
-
-
-
343
Employee
268
-
1 469
-
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
-
147
-
health
12
-
19
-
total
66
-
207
-
Employer
268
-
1 469
-
pensions

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

30
-
45
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
18
-
28
-
total
53
-
80
-
Corporate
1 230
1 550
-
-
income
123
155
-
-
total
123
155
-
-
Dividends
1 107
1 395
-
-
withholding
55
70
-
-
total
55
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
297
225
287
343
After tax
1 253
1 325
1 263
1 207
Living cost
202
202
202
202
Free-cash
1 051
1 123
1 061
1 005

Estimated living cost  is $202 per week

$134
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$428
$345
$499
$572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
trade
-
-
-
144
health

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

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

-
-
-
80
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.

-
-
-
23
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.

-
-
-
421
total
-
-
-
668
Employee

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

585
-
1 550
-
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
-
23
-
income

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

48
-
421
-
health

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

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

80
-
80
-
total
131
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
965
1 550
-
-
trade
138
222
-
-
income
145
232
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
total
294
471
-
-
Dividends
670
1 078
-
-
withholding
163
265
-
-
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
15
-
-
total
172
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
751
524
668
After tax
953
799
1 026
882
Living cost
454
454
454
454
Free-cash
499
345
572
428

Estimated living cost  is $454 per week

$313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$308
$415
$441
$308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
146
income
-
-
-
426
total
-
-
-
572
Employee
920
-
1 550
-
social contributions
76
-
146
-
income
174
-
426
-
total
250
-
572
-
Employer
920
-
1 550
-
total
-
-
-
-
Corporate
630
1 550
-
-
income
79
194
-
-
total
79
194
-
-
Dividends
551
1 356
-
-
withholding
110
271
-
-
total
110
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
439
465
572
572
After tax
1 111
1 085
978
978
Living cost
670
670
670
670
Free-cash
441
415
308
308

Estimated living cost  is $670 per week

$510
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$716
$519
$559
$707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
health

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

-
-
-
72
income
-
-
-
335
total
-
-
-
407
Employee
540
-
1 496
-
social contributions
54
-
54
-
income
59
-
308
-
total
113
-
362
-
Employer
540
-
1 496
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
956
1 550
-
-
income
335
542
-
-
total
335
542
-
-
Dividends
622
1 008
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 550
1 550
1 550
1 550
Total tax
564
604
416
407
After tax
986
946
1 134
1 143
Living cost
427
427
427
427
Free-cash
559
519
707
716

Estimated living cost  is $427 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$633
$636
$664
$490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
95
income
-
-
-
390
total
-
-
-
485
Employee
594
-
1 359
-
pensions
45
-
120
-
income
108
-
294
-
health
8
-
22
-
total
161
-
436
-
Employer
594
-
1 359
-
pensions
60
-
166
-
health
11
-
26
-
total
71
-
192
-
Corporate
885
1 550
-
-
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.

168
295
-
-
total
168
295
-
-
Dividends
717
1 255
-
-
withholding
54
187
-
-
total
54
187
-
-
Income
1 550
1 550
1 550
1 550
Total tax
454
482
628
485
After tax
1 096
1 068
922
1 065
Living cost
432
432
432
432
Free-cash
664
636
490
633

Estimated living cost  is $432 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$777
-$159
$82
$538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
50
health
-
-
-
26
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
405
total
-
-
-
488
Employee
449
-
1 362
-
pensions
51
-
91
-
income
62
-
292
-
health
51
-
156
-
total
164
-
539
-
Employer
449
-
1 362
-
pensions
73
-
132
-
unemployment
11
-
33
-
accident
7
-
23
-
total
91
-
188
-
Corporate
1 010
1 550
-
-
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.

909
1 395
-
-
total
909
1 395
-
-
Dividends
101
155
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 183
1 424
727
488
After tax
367
126
823
1 062
Living cost
285
285
285
285
Free-cash
82
-159
538
777

Estimated living cost  is $285 per week

$209
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

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Skopje , Macedonia
$716
$1145
$1091
$884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 550
pensions
-
-
-
285
health insurance
-
-
-
115
work injury
-
-
-
8
unemployment
-
-
-
19
income
-
-
-
248
total
-
-
-
675
Employee

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

254
-
1 550
-
pensions
47
-
173
-
health insurance
19
-
70
-
unemployment
3
-
11
-
income
25
-
248
-
work injury
1
-
5
-
total
95
-
507
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 296
1 550
-
-
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%.

13
16
-
-
total
13
16
-
-
Dividends
1 283
1 534
-
-
withholding
192
230
-
-
total
192
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
300
246
507
675
After tax
1 250
1 304
1 043
875
Living cost
159
159
159
159
Free-cash
1 091
1 145
884
716

Estimated living cost  is $159 per week

$98
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

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Rome , Italy
$283
$347
$295
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
10
regional
-
-
-
34
social contributions
-
-
-
399
national
-
-
-
355
total
-
-
-
798
Employee
991
-
1 550
-
social contributions
334
-
523
-
municipal
6
-
9
-
regional
15
-
30
-
national
167
-
308
-
total
522
-
870
-
Employer
991
-
1 550
-
total
-
-
-
-
Corporate
559
1 550
-
-
nationa
134
372
-
-
municipal
27
75
-
-
total
161
447
-
-
Dividends
398
1 103
-
-
withholding
103
287
-
-
total
103
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
786
734
870
798
After tax
764
816
680
752
Living cost
469
469
469
469
Free-cash
295
347
211
283

Estimated living cost  is $469 per week

$329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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