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
$418
$665
$509
$551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
416
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
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.

-
-
-
82
trade
-
-
-
156
total
-
-
-
677
Employee

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

460
-
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
-
416
-
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.

82
-
82
-
total
96
-
521
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 090
1 550
-
-
income
164
233
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
172
244
-
-
total
348
494
-
-
Dividends
742
1 057
-
-
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
-
-
withholding
181
260
-
-
total
191
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
635
768
521
677
After tax
915
782
1 029
873
Living cost
364
364
364
364
Free-cash
551
418
665
509

Estimated living cost  is $364 per week

$229
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$329
$301
$288
$318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17
municipal
-
-
-
165
national
-
-
-
256
pensions
-
-
-
186
total
-
-
-
624
Employee
988
-
1 340
-
municipal
122
-
171
-
pensions
40
-
54
-
national
189
-
265
-
total
351
-
490
-
Employer
988
-
1 340
-
pensions
79
-
107
-
social contributions
11
-
14
-
total
90
-
121
-
Corporate
407
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%.

81
310
-
-
total
81
310
-
-
Dividends
325
1 240
-
-
withholding
72
273
-
-
total
72
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
594
583
611
624
After tax
956
967
939
926
Living cost
638
638
638
638
Free-cash
318
329
301
288

Estimated living cost  is $638 per week

$433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$990
$620
$207
$890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
237
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.

-
-
-
461
microenterprise
-
-
-
-
total
-
-
-
1 093
Employee
351
-
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.

39
-
137
-
income
63
-
242
-
total
102
-
379
-
Employer
351
-
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.

85
-
301
-
surtax
-
-
-
-
total
85
-
301
-
Corporate
1 114
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%.

223
310
-
-
total
223
310
-
-
Dividends

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

891
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
410
310
680
1 093
After tax
1 140
1 240
870
457
Living cost
250
250
250
250
Free-cash
890
990
620
207

Estimated living cost  is $250 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$256
$365
$390
$182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
367
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
656
Employee
1 027
1 027
1 327
-
pensions
185
141
141
-
income

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

168
168
168
-
health
158
134
148
-
total
511
443
457
-
Employer
1 027
1 027
1 327
-
health
71
71
89
-
pensions
71
71
89
-
unemployment
37
37
46
-
total
179
179
224
-
Corporate
356
343
-
-
income
71
69
-
-
total
71
69
-
-
Dividends
285
275
-
-
income
60
58
-
-
withholding
43
41
-
-
total
103
99
-
-
Income
1 550
1 550
1 550
1 550
Total tax
864
790
681
656
After tax
686
760
869
894
Living cost
504
504
504
504
Free-cash
182
256
365
390

Estimated living cost  is $504 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$352
$316
$330
$342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
2
other
-
-
-
126
unemployment
-
-
-
1
health
-
-
-
68
municipal
-
-
-
369
national
-
-
-
43
pensions
-
-
-
117
total
-
-
-
726
Employee
704
-
1 210
-
municipal
210
-
361
-
national
-
-
38
-
total
210
-
399
-
Employer
704
-
1 210
-
health
43
-
67
-
pensions
76
-
117
-
accident
1
-
2
-
unemployment
19
-
29
-
other
82
-
126
-
total
221
-
341
-
Corporate
625
1 550
-
-
income
137
341
-
-
total
137
341
-
-
Dividends
487
1 209
-
-
withholding
146
363
-
-
total
146
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
714
704
740
726
After tax
836
846
810
824
Living cost
494
494
494
494
Free-cash
342
352
316
330

Estimated living cost  is $494 per week

$327
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$302
$557
$394
$472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
416
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
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.

-
-
-
82
trade
-
-
-
163
total
-
-
-
684
Employee

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

610
-
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.

52
-
416
-
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.

82
-
82
-
total
137
-
521
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
940
1 550
-
-
income
141
233
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
155
255
-
-
total
307
505
-
-
Dividends
634
1 046
-
-
surtax

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

8
14
-
-
withholding
154
257
-
-
total
162
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
606
776
521
684
After tax
944
774
1 029
866
Living cost
472
472
472
472
Free-cash
472
302
557
394

Estimated living cost  is $472 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$742
$678
$694
$693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
231
social contributions
-
-
-
195
health
-
-
-
40
total
-
-
-
466
Employee
925
925
1 420
-
social contributions
45
77
104
-
income
97
86
224
-
health
9
16
24
-
total
151
179
352
-
Employer
925
925
1 420
-
health
10
17
26
-
social contributions
45
77
104
-
total
55
94
130
-
Corporate
954
531
-
-
income
119
66
-
-
total
119
66
-
-
Dividends
835
465
-
-
withholding
142
79
-
-
total
142
79
-
-
Income
1 550
1 550
1 550
1 550
Total tax
467
418
482
466
After tax
1 083
1 132
1 068
1 084
Living cost
390
390
390
390
Free-cash
693
742
678
694

Estimated living cost  is $390 per week

$267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$649
$677
$854
$656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
189
unemployment
-
-
-
23
health
-
-
-
108
pensions
-
-
-
155
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.

319
127
1 297
-
unemployment
5
2
19
-
pensions
32
13
130
-
income
39
16
159
-
health
22
9
91
-
total
98
40
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.

319
127
1 297
-
pensions
62
25
253
-
total
62
25
253
-
Corporate
1 169
1 398
-
-
income
105
126
-
-
total
105
126
-
-
Dividends
1 064
1 273
-
-
social contributions
206
247
-
-
withholding
202
242
-
-
total
408
489
-
-
Income
1 550
1 550
1 550
1 550
Total tax
673
680
652
475
After tax
877
870
898
1 075
Living cost
221
221
221
221
Free-cash
656
649
677
854

Estimated living cost  is $221 per week

$151
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$950
$603
$541
$876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
208
health
-
-
-
201
pensions
-
-
-
310
total
-
-
-
719
Employee
341
-
1 158
-
unemployment
5
-
19
-
pensions
7
-
23
-
income
38
-
223
-
total
50
-
265
-
Employer
341
-
1 158
-
health
44
-
151
-
pensions
68
-
232
-
unemployment
3
-
9
-
total
115
-
392
-
Corporate
1 093
1 550
-
-
income
219
310
-
-
total
219
310
-
-
Dividends
875
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
290
290
290
290
Free-cash
876
950
603
541

Estimated living cost  is $290 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$142
$553
$793
$85
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
3
income
-
-
-
403
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
489
Employee
422
-
1 360
-
pensions
47
-
93
-
income
58
-
290
-
health
48
-
156
-
total
153
-
539
-
Employer
422
-
1 360
-
pensions
69
-
134
-
accident
7
-
23
-
unemployment
10
-
33
-
total
86
-
190
-
Corporate
1 042
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.

938
1 395
-
-
total
938
1 395
-
-
Dividends
104
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 197
1 424
729
489
After tax
353
126
821
1 061
Living cost
268
268
268
268
Free-cash
85
-142
553
793

Estimated living cost  is $268 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1375
$1143
$1437
$1358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
78
-
-
total
71
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
78
310
16
After tax
1 455
1 472
1 240
1 534
Living cost
97
97
97
97
Free-cash
1 358
1 375
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
$818
$573
$508
$739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
208
other
-
-
-
74
health
-
-
-
68
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
total
-
-
-
722
Employee
437
-
1 238
-
unemployment
4
-
12
-
pensions

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

31
-
87
-
income
75
-
230
-
health
6
-
17
-
total
116
-
346
-
Employer
437
-
1 238
-
health
6
-
17
-
pensions

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

74
-
210
-
accident
3
-
10
-
unemployment
4
-
12
-
other
22
-
62
-
total
109
-
311
-
Corporate
1 003
1 550
-
-
income
211
326
-
-
total
211
326
-
-
Dividends
793
1 224
-
-
withholding
55
86
-
-
total
55
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
491
412
657
722
After tax
1 059
1 138
893
828
Living cost
320
320
320
320
Free-cash
739
818
573
508

Estimated living cost  is $320 per week

$226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$277
$129
$272
$201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
1 128
-
1 359
-
pensions
109
-
122
-
income
203
-
289
-
health
19
-
22
-
total
331
-
433
-
Employer
1 128
-
1 359
-
health
21
-
26
-
pensions
133
-
165
-
total
154
-
191
-
Corporate
267
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.

51
294
-
-
total
51
294
-
-
Dividends
217
1 256
-
-
withholding
16
182
-
-
total
16
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
552
476
624
481
After tax
998
1 074
926
1 069
Living cost
797
797
797
797
Free-cash
201
277
129
272

Estimated living cost  is $797 per week

$597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1167
$1101
$1047
$1112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
233
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
345
Employee
209
-
1 468
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
147
-
health
10
-
19
-
total
51
-
208
-
Employer
209
-
1 468
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 300
1 550
-
-
income
130
155
-
-
total
130
155
-
-
Dividends
1 170
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
280
225
291
345
After tax
1 270
1 325
1 259
1 205
Living cost
158
158
158
158
Free-cash
1 112
1 167
1 101
1 047

Estimated living cost  is $158 per week

$92
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$93
$202
$227
$122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
367
health
-
-
-
148
pensions
-
-
-
141
total
-
-
-
656
Employee
1 115
1 027
1 327
-
pensions
141
141
141
-
income

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

168
168
168
-
health
139
134
148
-
total
448
443
457
-
Employer
1 115
1 027
1 327
-
health
77
71
89
-
pensions
78
71
89
-
unemployment
40
37
46
-
total
195
179
224
-
Corporate
240
343
-
-
income
48
69
-
-
total
48
69
-
-
Dividends
192
275
-
-
income
41
58
-
-
withholding
29
41
-
-
total
70
99
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
790
681
656
After tax
789
760
869
894
Living cost
667
667
667
667
Free-cash
122
93
202
227

Estimated living cost  is $667 per week

$492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$60
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.
$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 Amsterdam model

Close
Brno , Czech Republic
$768
$488
$475
$660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
137
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
209
total
-
-
-
776
Employee
439
-
1 157
-
solidarity contribution
-
-
-
-
social contributions
29
-
75
-
income
53
-
139
-
health
59
-
156
-
total
141
-
370
-
Employer
439
-
1 157
-
health
40
-
104
-
social contributions
110
-
289
-
total
150
-
393
-
Corporate
961
1 550
-
-
income
183
295
-
-
total
183
295
-
-
Dividends
779
1 255
-
-
withholding
117
188
-
-
total
117
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
591
483
763
776
After tax
959
1 067
787
774
Living cost
299
299
299
299
Free-cash
660
768
488
475

Estimated living cost  is $299 per week

$208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$320
$190
$263
$258
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
399
regional
-
-
-
18
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
780
Employee
1 069
-
1 550
-
municipal
6
-
8
-
national
185
-
306
-
regional
10
-
16
-
social contributions
360
-
523
-
total
561
-
853
-
Employer
1 069
-
1 550
-
total
-
-
-
-
Corporate
481
1 550
-
-
municipal
19
60
-
-
nationa
115
372
-
-
total
134
432
-
-
Dividends
347
1 118
-
-
withholding
90
291
-
-
total
90
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
785
723
853
780
After tax
765
827
697
770
Living cost
507
507
507
507
Free-cash
258
320
190
263

Estimated living cost  is $507 per week

$354
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.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$710
$452
$478
$671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
338
other
-
-
-
-
surtax
-
-
-
46
unemployment
-
-
-
3
health
-
-
-
110
pensions
-
-
-
310
total
-
-
-
807
Employee
398
-
1 280
-
other
-
-
-
-
unemployment
28
-
89
-
pensions
27
-
85
-
surtax
1
-
42
-
income
67
-
314
-
health
10
-
33
-
total
133
-
563
-
Employer
398
-
1 280
-
health
18
-
58
-
pensions
53
-
171
-
unemployment
13
-
41
-
other
-
-
-
-
total
84
-
270
-
Corporate
1 069
1 550
-
-
income
278
403
-
-
total
278
403
-
-
Dividends
791
1 147
-
-
withholding
119
172
-
-
total
119
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
614
575
833
807
After tax
936
975
717
743
Living cost
265
265
265
265
Free-cash
671
710
452
478

Estimated living cost  is $265 per week

$162
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.
$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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
$529
$381
$524
$523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
756
-
1 359
-
pensions
64
-
122
-
income
136
-
289
-
health
11
-
22
-
total
211
-
433
-
Employer
756
-
1 359
-
health
14
-
26
-
pensions
82
-
165
-
total
96
-
191
-
Corporate
698
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.

133
294
-
-
total
133
294
-
-
Dividends
565
1 256
-
-
withholding
42
182
-
-
total
42
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
482
476
624
481
After tax
1 068
1 074
926
1 069
Living cost
545
545
545
545
Free-cash
523
529
381
524

Estimated living cost  is $545 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$244
$250
$328
$164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
62
health
-
-
-
3
city
-
-
-
16
national
-
-
-
15
pensions
-
-
-
143
total
-
-
-
270
Employee
1 115
-
1 387
-
unemployment
-
-
-
-
pensions
94
-
117
-
national
5
-
12
-
regional
36
-
53
-
city
12
-
15
-
health
3
-
3
-
total
150
-
200
-
Employer
1 115
-
1 387
-
health
3
-
3
-
pensions
94
-
117
-
unemployment
-
-
-
-
other

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

22
-
28
-
total
119
-
148
-
Corporate
305
1 550
-
-
regional
64
328
-
-
national
26
132
-
-
total
90
460
-
-
Dividends
214
1 090
-
-
withholding
75
382
-
-
total
75
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
434
842
348
270
After tax
1 116
708
1 202
1 280
Living cost
952
952
952
952
Free-cash
164
-244
250
328

Estimated living cost  is $952 per week

$619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$215
$478
$308
$411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
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.

-
-
-
416
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
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.

-
-
-
82
trade
-
-
-
170
total
-
-
-
691
Employee

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

723
-
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.

85
-
416
-
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.

82
-
82
-
total
172
-
521
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
827
1 550
-
-
income
124
233
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
142
266
-
-
total
276
516
-
-
Dividends
551
1 035
-
-
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
-
-
withholding
133
254
-
-
total
140
268
-
-
Income
1 550
1 550
1 550
1 550
Total tax
588
784
521
691
After tax
962
766
1 029
859
Living cost
551
551
551
551
Free-cash
411
215
478
308

Estimated living cost  is $551 per week

$402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$370
$503
$471
$440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
197
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
331
total
-
-
-
668
Employee
515
-
1 233
-
pensions
58
-
72
-
surtax
-
-
-
-
social contributions
15
-
35
-
income
30
-
210
-
total
103
-
317
-
Employer
515
-
1 233
-
health
36
-
98
-
pensions
85
-
124
-
unemployment
21
-
50
-
social contributions
2
-
4
-
other
18
-
43
-
total
162
-
319
-
Corporate
875
1 550
-
-
income
245
434
-
-
surtax
-
-
-
-
total
245
434
-
-
Dividends
630
1 116
-
-
surtax
-
-
-
-
social contributions
108
192
-
-
withholding
81
143
-
-
total
189
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
699
769
636
668
After tax
851
781
914
882
Living cost
411
411
411
411
Free-cash
440
370
503
471

Estimated living cost  is $411 per week

$259
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$410
$543
$511
$478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
197
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
331
total
-
-
-
668
Employee
459
-
1 233
-
pensions
52
-
72
-
surtax
-
-
-
-
social contributions
13
-
35
-
income
24
-
210
-
total
89
-
317
-
Employer
459
-
1 233
-
health
32
-
98
-
pensions
75
-
124
-
unemployment
19
-
50
-
social contributions
1
-
4
-
other
16
-
43
-
total
143
-
319
-
Corporate
947
1 550
-
-
income
265
434
-
-
surtax
-
-
-
-
total
265
434
-
-
Dividends
682
1 116
-
-
surtax
-
-
-
-
social contributions
117
192
-
-
withholding
87
143
-
-
total
204
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
701
769
636
668
After tax
849
781
914
882
Living cost
371
371
371
371
Free-cash
478
410
543
511

Estimated living cost  is $371 per week

$215
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$690
$725
$740
$697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
233
social contributions
-
-
-
214
health
-
-
-
108
total
-
-
-
555
Employee
408
-
1 550
-
social contributions
56
-
214
-
income
68
-
248
-
health
28
-
108
-
total
152
-
570
-
Employer
408
-
1 550
-
total
-
-
-
-
Corporate
1 142
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%.

57
78
-
-
total
57
78
-
-
Dividends
1 085
1 472
-
-
social contributions
150
203
-
-
withholding
163
221
-
-
health
76
103
-
-
total
389
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
598
605
570
555
After tax
952
945
980
995
Living cost
255
255
255
255
Free-cash
697
690
725
740

Estimated living cost  is $255 per week

$171
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.
$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 Vilnius model

Close
Vienna , Austria
$440
$1
$355
$421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
322
surtax
-
-
-
2
unemployment
-
-
-
74
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
771
Employee
601
479
1 202
-
other
6
5
12
-
unemployment
18
14
36
-
pensions
62
49
123
-
income
68
35
270
-
health
23
19
47
-
total
177
122
488
-
Employer
601
479
1 202
-
chamber of commerce
2
2
5
-
health
23
18
45
-
pensions
75
60
151
-
accident
8
6
16
-
unemployment
18
14
36
-
surtax
2
2
2
-
payroll
18
14
36
-
other
29
23
57
-
total
175
139
348
-
Corporate
774
930
1 156
-
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.

193
233
289
-
total
193
233
289
-
Dividends
580
698
-
-
withholding
160
192
-
-
total
160
192
-
-
Income
1 550
1 550
1 550
1 550
Total tax
705
686
1 125
771
After tax
845
864
425
779
Living cost
424
424
424
424
Free-cash
421
440
1
355

Estimated living cost  is $424 per week

$283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$430
$139
$254
$249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
78
social contributions
-
-
-
246
national
-
-
-
534
total
-
-
-
858
Employee

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

860
-
1 201
-
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.

45
-
63
-
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.

65
-
90
-
national
264
-
404
-
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
421
-
623
-
Employer

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

860
-
1 201
-
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.

53
-
74
-
pensions

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

76
-
106
-
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
-
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.

13
-
18
-
surtax
98
-
136
-
total
251
-
350
-
Corporate
439
1 550
-
-
income
88
310
-
-
surtax
2
6
-
-
total
90
316
-
-
Dividends
350
1 234
-
-
withholding

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

101
366
-
-
total
101
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
863
682
973
858
After tax
687
868
577
692
Living cost
438
438
438
438
Free-cash
249
430
139
254

Estimated living cost  is $438 per week

$282
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$606
$373
$430
$514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
10
income
-
-
-
352
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
686
Employee
599
-
1 195
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
318
-
total
164
-
388
-
Employer
599
-
1 195
-
pensions
141
-
263
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
355
-
Corporate
761
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.

114
233
-
-
total
114
233
-
-
Dividends
646
1 317
-
-
withholding
133
277
-
-
total
133
277
-
-
Income
1 550
1 550
1 550
1 550
Total tax
602
510
743
686
After tax
948
1 040
807
864
Living cost
434
434
434
434
Free-cash
514
606
373
430

Estimated living cost  is $434 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$279
$237
$176
$158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
98
accident
-
-
-
13
income
-
-
-
191
surtax
-
-
-
77
health
-
-
-
109
pensions
-
-
-
232
total
-
-
-
720
Employee
911
-
1 385
-
pensions
73
-
111
-
surtax
56
-
85
-
income
88
-
236
-
health
41
-
62
-
total
258
-
494
-
Employer
911
-
1 385
-
health
28
-
42
-
pensions
73
-
111
-
accident
8
-
12
-
total
109
-
165
-
Corporate
530
1 550
-
-
communal
36
105
-
-
income
80
233
-
-
surtax
6
16
-
-
total
122
354
-
-
Dividends
410
1 197
-
-
income
188
84
-
-
withholding
61
179
-
-
total
249
263
-
-
Income
1 550
1 550
1 550
1 550
Total tax
738
617
659
720
After tax
812
933
891
830
Living cost
654
654
654
654
Free-cash
158
279
237
176

Estimated living cost  is $654 per week

$490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$705
$447
$473
$667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
338
other
-
-
-
-
surtax
-
-
-
46
unemployment
-
-
-
3
health
-
-
-
110
pensions
-
-
-
310
total
-
-
-
807
Employee
405
-
1 280
-
other
-
-
-
-
unemployment
28
-
89
-
pensions
27
-
85
-
surtax
1
-
42
-
income
68
-
314
-
health
10
-
33
-
total
134
-
563
-
Employer
405
-
1 280
-
health
18
-
58
-
pensions
54
-
171
-
unemployment
13
-
41
-
other
-
-
-
-
total
85
-
270
-
Corporate
1 060
1 550
-
-
income
276
403
-
-
total
276
403
-
-
Dividends
784
1 147
-
-
withholding
118
172
-
-
total
118
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
613
575
833
807
After tax
937
975
717
743
Living cost
270
270
270
270
Free-cash
667
705
447
473

Estimated living cost  is $270 per week

$163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$491
$368
$441
$463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
399
regional
-
-
-
23
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
785
Employee
667
-
1 550
-
municipal
4
-
8
-
national
106
-
306
-
regional
9
-
21
-
social contributions
225
-
523
-
total
344
-
858
-
Employer
667
-
1 550
-
total
-
-
-
-
Corporate
883
1 550
-
-
municipal
44
77
-
-
nationa
212
372
-
-
total
256
449
-
-
Dividends
627
1 101
-
-
withholding
163
286
-
-
total
163
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
763
735
858
785
After tax
787
815
692
765
Living cost
324
324
324
324
Free-cash
463
491
368
441

Estimated living cost  is $324 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$699
$419
$406
$568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
137
social contributions
-
-
-
430
solidarity contribution
-
-
-
-
health
-
-
-
209
total
-
-
-
776
Employee
541
-
1 157
-
solidarity contribution
-
-
-
-
social contributions
35
-
75
-
income
65
-
139
-
health
73
-
156
-
total
173
-
370
-
Employer
541
-
1 157
-
health
49
-
104
-
social contributions
135
-
289
-
total
184
-
393
-
Corporate
824
1 550
-
-
income
157
295
-
-
total
157
295
-
-
Dividends
668
1 255
-
-
withholding
100
188
-
-
total
100
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
614
483
763
776
After tax
936
1 067
787
774
Living cost
368
368
368
368
Free-cash
568
699
419
406

Estimated living cost  is $368 per week

$274
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.
$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 Prague model

Close
Graz , Austria
$482
$42
$397
$474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
322
surtax
-
-
-
-
unemployment
-
-
-
74
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
260
total
-
-
-
769
Employee
526
479
1 204
-
other
5
5
12
-
unemployment
16
14
36
-
pensions
54
49
123
-
income
47
35
270
-
health
20
19
47
-
total
142
122
488
-
Employer
526
479
1 204
-
chamber of commerce
2
2
5
-
health
20
18
46
-
pensions
66
60
151
-
accident
7
6
16
-
unemployment
16
14
36
-
surtax
-
-
-
-
payroll
16
14
36
-
other
25
23
57
-
total
152
137
347
-
Corporate
873
933
1 158
-
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.

218
233
289
-
total
218
233
289
-
Dividends
655
700
-
-
withholding
180
192
-
-
total
180
192
-
-
Income
1 550
1 550
1 550
1 550
Total tax
692
684
1 124
769
After tax
858
866
426
781
Living cost
384
384
384
384
Free-cash
474
482
42
397

Estimated living cost  is $384 per week

$230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1321
$1089
$1383
$1293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
189
-
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%.

1 361
1 550
-
-
total
-
-
-
-
Dividends
1 361
1 550
-
-
withholding
68
78
-
-
total
68
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
106
78
310
16
After tax
1 444
1 472
1 240
1 534
Living cost
151
151
151
151
Free-cash
1 293
1 321
1 089
1 383

Estimated living cost  is $151 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
$745
$419
$463
$644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
326
unemployment
-
-
-
2
health
-
-
-
153
pensions
-
-
-
283
total
-
-
-
764
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.

532
-
1 341
-
unemployment
1
-
2
-
pensions
82
-
208
-
income
92
-
302
-
health
34
-
87
-
total
209
-
599
-
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.

532
-
1 341
-
health
35
-
89
-
pensions
47
-
119
-
unemployment
-
-
1
-
total
82
-
209
-
Corporate
935
1 550
-
-
income
178
294
-
-
total
178
294
-
-
Dividends
758
1 256
-
-
withholding
114
188
-
-
total
114
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
583
482
808
764
After tax
967
1 068
742
786
Living cost
323
323
323
323
Free-cash
644
745
419
463

Estimated living cost  is $323 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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$416
$862
$544
-$271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
302
social contributions
-
-
-
177
total
-
-
-
479
Employee
755
-
-
-
social contributions
62
-
9
-
income
167
-
-
-
total
229
-
9
-
Employer
755
-
-
-
social contributions
1 065
-
152
-
total
1 065
-
152
-
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
1 294
607
161
479
After tax
256
943
1 389
1 071
Living cost
527
527
527
527
Free-cash
-271
416
862
544

Estimated living cost  is $527 per week

$342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Oslo model

Close
Lisbon , Portugal
$504
$372
$472
$493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
162
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
701
Employee
553
-
1 253
-
surtax
-
-
-
-
social contributions
61
-
138
-
income
115
-
366
-
total
176
-
504
-
Employer
553
-
1 253
-
social contributions
131
-
297
-
total
131
-
297
-
Corporate
866
1 550
-
-
income
182
326
-
-
surtax
-
-
-
-
total
182
326
-
-
Dividends
684
1 224
-
-
withholding
191
343
-
-
total
191
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
680
669
801
701
After tax
870
881
749
849
Living cost
377
377
377
377
Free-cash
493
504
372
472

Estimated living cost  is $377 per week

$282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$200
$333
$301
$282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
197
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
331
total
-
-
-
668
Employee
753
-
1 233
-
pensions
85
-
72
-
surtax
-
-
-
-
social contributions
21
-
35
-
income
66
-
210
-
total
172
-
317
-
Employer
753
-
1 233
-
health
53
-
98
-
pensions
124
-
124
-
unemployment
31
-
50
-
social contributions
2
-
4
-
other
26
-
43
-
total
236
-
319
-
Corporate
562
1 550
-
-
income
157
434
-
-
surtax
-
-
-
-
total
157
434
-
-
Dividends
404
1 116
-
-
surtax
-
-
-
-
social contributions
70
192
-
-
withholding
52
143
-
-
total
122
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
687
769
636
668
After tax
863
781
914
882
Living cost
581
581
581
581
Free-cash
282
200
333
301

Estimated living cost  is $581 per week

$393
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.
$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.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1033
$841
$800
$993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
48
social contributions
-
-
-
341
total
-
-
-
389
Employee
387
-
1 342
-
income
-
-
52
-
social contributions
25
-
87
-
total
25
-
139
-
Employer
387
-
1 342
-
social contributions
60
-
208
-
total
60
-
208
-
Corporate
1 103
1 550
-
-
income
110
155
-
-
total
110
155
-
-
Dividends
993
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
195
155
347
389
After tax
1 355
1 395
1 203
1 161
Living cost
362
362
362
362
Free-cash
993
1 033
841
800

Estimated living cost  is $362 per week

$234
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$1067
-$1067
$364
-$1067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
123
municipal
-
-
-
306
national
-
-
-
168
pensions
-
-
-
10
total
-
-
-
607
Employee
2 443
2 443
2 443
-
municipal
520
520
520
-
labour market
195
195
195
-
pensions
3
3
3
-
national
298
298
298
-
total
1 016
1 016
1 016
-
Employer
2 443
2 443
2 443
-
national
299
299
299
-
labour market
195
195
195
-
pensions
7
7
7
-
municipal
521
521
521
-
total
1 022
1 022
1 022
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
2 038
2 038
2 038
607
After tax
-488
-488
-488
943
Living cost
579
579
579
579
Free-cash
-1 067
-1 067
-1 067
364

Estimated living cost  is $579 per week

$396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$138
$557
$797
$84
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
3
income
-
-
-
403
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
489
Employee
415
-
1 360
-
pensions
47
-
93
-
income
57
-
290
-
health
48
-
156
-
total
152
-
539
-
Employer
415
-
1 360
-
pensions
68
-
134
-
accident
7
-
23
-
unemployment
10
-
33
-
total
85
-
190
-
Corporate
1 050
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.

945
1 395
-
-
total
945
1 395
-
-
Dividends
105
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 202
1 424
729
489
After tax
348
126
821
1 061
Living cost
264
264
264
264
Free-cash
84
-138
557
797

Estimated living cost  is $264 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$542
$388
$599
$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

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
health
-
-
-
19
municipal
-
-
-
276
national
-
-
-
194
total
-
-
-
489
Employee
633
-
1 304
-
municipal
104
-
213
-
unemployment
9
-
20
-
pensions
43
-
88
-
national
10
-
119
-
health
5
-
15
-
total
171
-
455
-
Employer
633
-
1 304
-
health
5
-
10
-
pensions
110
-
226
-
accident
1
-
1
-
unemployment
4
-
8
-
total
120
-
245
-
Corporate
798
1 550
-
-
income
160
310
-
-
total
160
310
-
-
Dividends

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

479
930
-
-
municipal
86
167
-
-
national
5
69
-
-
total
91
236
-
-
Income
1 550
1 550
1 550
1 550
Total tax
542
546
700
489
After tax
1 008
1 004
850
1 061
Living cost
462
462
462
462
Free-cash
546
542
388
599

Estimated living cost  is $462 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$854
$790
$806
$788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
231
social contributions
-
-
-
195
health
-
-
-
40
total
-
-
-
466
Employee
925
925
1 420
-
social contributions
35
77
104
-
income
101
86
224
-
health
7
16
24
-
total
143
179
352
-
Employer
925
925
1 420
-
health
8
17
26
-
social contributions
35
77
104
-
total
43
94
130
-
Corporate
1 086
531
-
-
income
136
66
-
-
total
136
66
-
-
Dividends
950
465
-
-
withholding
162
79
-
-
total
162
79
-
-
Income
1 550
1 550
1 550
1 550
Total tax
484
418
482
466
After tax
1 066
1 132
1 068
1 084
Living cost
278
278
278
278
Free-cash
788
854
790
806

Estimated living cost  is $278 per week

$167
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.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1092
$844
$1086
$1033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
153
unemployment
-
-
-
-
health
-
-
-
44
pensions
-
-
-
76
total
-
-
-
273
Employee

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

276
-
1 432
-
unemployment
1
-
6
-
pensions
41
-
171
-
income
19
-
123
-
health
23
-
97
-
total
84
-
397
-
Employer

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

276
-
1 432
-
health
12
-
49
-
pensions
15
-
63
-
unemployment
1
-
6
-
total
28
-
118
-
Corporate
1 246
1 550
-
-
income
112
140
-
-
total
112
140
-
-
Dividends
1 133
1 410
-
-
withholding
102
127
-
-
total
102
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
326
267
515
273
After tax
1 224
1 283
1 035
1 277
Living cost
191
191
191
191
Free-cash
1 033
1 092
844
1 086

Estimated living cost  is $191 per week

$122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$709
$476
$533
$649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
10
income
-
-
-
352
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
686
Employee
445
-
1 195
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
86
-
318
-
total
114
-
388
-
Employer
445
-
1 195
-
pensions
105
-
263
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
142
-
355
-
Corporate
964
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.

145
233
-
-
total
145
233
-
-
Dividends
819
1 317
-
-
withholding
169
277
-
-
total
169
277
-
-
Income
1 550
1 550
1 550
1 550
Total tax
570
510
743
686
After tax
980
1 040
807
864
Living cost
331
331
331
331
Free-cash
649
709
476
533

Estimated living cost  is $331 per week

$223
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$944
$969
$971
$941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
527
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
556
Employee
35
-
1 531
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
526
-
health
2
-
4
-
total
12
-
539
-
Employer
35
-
1 531
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 507
1 550
-
-
income
331
341
-
-
total
331
341
-
-
Dividends
1 175
1 209
-
-
withholding
235
242
-
-
total
235
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
586
583
558
556
After tax
964
967
992
994
Living cost
23
23
23
23
Free-cash
941
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
$911
$668
$669
$854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
337
unemployment
-
-
-
13
health
-
-
-
92
pensions
-
-
-
231
total
-
-
-
673
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.

314
-
1 391
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
337
-
health
16
-
46
-
total
105
-
514
-
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.

314
-
1 391
-
health
16
-
46
-
pensions
38
-
107
-
unemployment
2
-
7
-
total
56
-
160
-
Corporate
1 180
1 550
-
-
income
177
233
-
-
total
177
233
-
-
Dividends
1 003
1 317
-
-
withholding
150
198
-
-
total
150
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
488
431
674
673
After tax
1 062
1 119
876
877
Living cost
208
208
208
208
Free-cash
854
911
668
669

Estimated living cost  is $208 per week

$140
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$557
$425
$525
$554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
162
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
701
Employee
467
-
1 253
-
surtax
-
-
-
-
social contributions
51
-
138
-
income
91
-
366
-
total
142
-
504
-
Employer
467
-
1 253
-
social contributions
111
-
297
-
total
111
-
297
-
Corporate
972
1 550
-
-
income
204
326
-
-
surtax
-
-
-
-
total
204
326
-
-
Dividends
768
1 224
-
-
withholding
215
343
-
-
total
215
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
672
669
801
701
After tax
878
881
749
849
Living cost
324
324
324
324
Free-cash
554
557
425
525

Estimated living cost  is $324 per week

$230
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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$617
$384
$441
$528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
10
income
-
-
-
352
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
315
total
-
-
-
686
Employee
581
-
1 195
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
318
-
total
158
-
388
-
Employer
581
-
1 195
-
pensions
137
-
263
-
accident
12
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
186
-
355
-
Corporate
784
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.

118
233
-
-
total
118
233
-
-
Dividends
666
1 317
-
-
withholding
137
277
-
-
total
137
277
-
-
Income
1 550
1 550
1 550
1 550
Total tax
599
510
743
686
After tax
951
1 040
807
864
Living cost
423
423
423
423
Free-cash
528
617
384
441

Estimated living cost  is $423 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1118
$1052
$998
$1045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
233
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
345
Employee
274
-
1 468
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
147
-
health
13
-
19
-
total
67
-
208
-
Employer
274
-
1 468
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 222
1 550
-
-
income
122
155
-
-
total
122
155
-
-
Dividends
1 100
1 395
-
-
withholding
55
70
-
-
total
55
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
298
225
291
345
After tax
1 252
1 325
1 259
1 205
Living cost
207
207
207
207
Free-cash
1 045
1 118
1 052
998

Estimated living cost  is $207 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$334
$565
$423
$491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
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.

-
-
-
416
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
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.

-
-
-
82
trade
-
-
-
142
total
-
-
-
663
Employee

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

598
-
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.

49
-
416
-
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.

82
-
82
-
total
134
-
521
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
952
1 550
-
-
income
143
233
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
137
222
-
-
total
291
472
-
-
Dividends
661
1 078
-
-
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
-
-
withholding
161
265
-
-
total
170
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
595
752
521
663
After tax
955
798
1 029
887
Living cost
464
464
464
464
Free-cash
491
334
565
423

Estimated living cost  is $464 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$400
$299
$299
$426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
421
social contributions
-
-
-
145
total
-
-
-
566
Employee
941
-
1 550
-
income
178
-
421
-
social contributions
78
-
145
-
total
256
-
566
-
Employer
941
-
1 550
-
total
-
-
-
-
Corporate
609
1 550
-
-
income
76
194
-
-
total
76
194
-
-
Dividends
533
1 356
-
-
withholding
107
271
-
-
total
107
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
439
465
566
566
After tax
1 111
1 085
984
984
Living cost
685
685
685
685
Free-cash
426
400
299
299

Estimated living cost  is $685 per week

$521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$507
$700
$699
$549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
342
health

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

-
-
-
72
total
-
-
-
414
Employee
552
-
1 495
-
income
60
-
303
-
social contributions
55
-
55
-
total
115
-
358
-
Employer
552
-
1 495
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
943
1 550
-
-
income
330
542
-
-
total
330
542
-
-
Dividends
613
1 008
-
-
social contributions
64
64
-
-
total
64
64
-
-
Income
1 550
1 550
1 550
1 550
Total tax
564
606
413
414
After tax
986
944
1 137
1 136
Living cost
437
437
437
437
Free-cash
549
507
700
699

Estimated living cost  is $437 per week

$288
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.
$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 Sliema model

Close
Edinburgh , United Kingdom
$631
$483
$626
$651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
608
-
1 359
-
pensions
46
-
122
-
income
111
-
289
-
health
8
-
22
-
total
165
-
433
-
Employer
608
-
1 359
-
health
12
-
26
-
pensions
61
-
165
-
total
73
-
191
-
Corporate
869
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.

165
294
-
-
total
165
294
-
-
Dividends
704
1 256
-
-
withholding
53
182
-
-
total
53
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
456
476
624
481
After tax
1 094
1 074
926
1 069
Living cost
443
443
443
443
Free-cash
651
631
483
626

Estimated living cost  is $443 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$164
$531
$771
$82
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
3
income
-
-
-
403
other
-
-
-
5
health
-
-
-
27
pensions
-
-
-
51
total
-
-
-
489
Employee
457
-
1 360
-
pensions
51
-
93
-
income
63
-
290
-
health
52
-
156
-
total
166
-
539
-
Employer
457
-
1 360
-
pensions
74
-
134
-
accident
8
-
23
-
unemployment
11
-
33
-
total
93
-
190
-
Corporate
1 000
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.

900
1 395
-
-
total
900
1 395
-
-
Dividends
100
155
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 178
1 424
729
489
After tax
372
126
821
1 061
Living cost
290
290
290
290
Free-cash
82
-164
531
771

Estimated living cost  is $290 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1143
$876
$714
$1086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
247
unemployment
-
-
-
19
work injury
-
-
-
8
health insurance
-
-
-
115
pensions
-
-
-
285
total
-
-
-
674
Employee

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

260
-
1 550
-
health insurance
19
-
71
-
unemployment
3
-
12
-
work injury
1
-
5
-
pensions
48
-
177
-
income
26
-
247
-
total
97
-
512
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 290
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
15
-
-
total
13
15
-
-
Dividends
1 277
1 535
-
-
withholding
192
230
-
-
total
192
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
302
245
512
674
After tax
1 248
1 305
1 038
876
Living cost
162
162
162
162
Free-cash
1 086
1 143
876
714

Estimated living cost  is $162 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$337
$204
$274
$283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
399
regional
-
-
-
34
municipal
-
-
-
10
national
-
-
-
354
total
-
-
-
797
Employee
1 013
-
1 550
-
municipal
6
-
9
-
national
171
-
306
-
regional
15
-
29
-
social contributions
342
-
523
-
total
534
-
867
-
Employer
1 013
-
1 550
-
total
-
-
-
-
Corporate
537
1 550
-
-
municipal
26
75
-
-
nationa
129
372
-
-
total
155
447
-
-
Dividends
382
1 103
-
-
withholding
99
287
-
-
total
99
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
788
734
867
797
After tax
762
816
683
753
Living cost
479
479
479
479
Free-cash
283
337
204
274

Estimated living cost  is $479 per week

$337
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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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Estimated living cost

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Estimated living cost

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