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
$670
$427
$512
$557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

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

-
-
-
80
income

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

-
-
-
421
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
trade
-
-
-
158
total
-
-
-
682
Employee

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

450
-
1 550
-
surtax

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

1
-
23
-
income

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

13
-
421
-
health

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

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

80
-
80
-
total
94
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 100
1 550
-
-
chamber of commerce
3
4
-
-
surtax

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

9
13
-
-
trade
173
244
-
-
income
165
232
-
-
total
350
493
-
-
Dividends
749
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
183
260
-
-
total
193
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
637
767
524
682
After tax
913
783
1 026
868
Living cost
356
356
356
356
Free-cash
557
427
670
512

Estimated living cost  is $356 per week

$224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$317
$347
$305
$337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
186
national
-
-
-
256
municipal
-
-
-
166
total
-
-
-
625
Employee
961
-
1 340
-
municipal
119
-
172
-
national
184
-
266
-
pensions
38
-
54
-
total
341
-
492
-
Employer
961
-
1 340
-
pensions
77
-
107
-
social contributions
10
-
14
-
total
87
-
121
-
Corporate
438
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%.

88
310
-
-
total
88
310
-
-
Dividends
350
1 240
-
-
withholding
77
273
-
-
total
77
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
593
583
613
625
After tax
957
967
937
925
Living cost
620
620
620
620
Free-cash
337
347
317
305

Estimated living cost  is $620 per week

$422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$625
$995
$220
$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
social contributions

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

-
-
-
451
income
-
-
-
239
surtax
-
-
-
395
microenterprise
-
-
-
-
total
-
-
-
1 085
Employee
344
-
1 249
-
surtax
-
-
-
-
social contributions

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

38
-
137
-
income
61
-
242
-
total
99
-
379
-
Employer
344
-
1 249
-
surtax
-
-
-
-
social contributions

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

83
-
301
-
total
83
-
301
-
Corporate
1 124
1 550
-
-
income

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

225
310
-
-
total
225
310
-
-
Dividends

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

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

Estimated living cost  is $245 per week

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

Source of data for Riga model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

164
164
164
-
pensions
181
138
138
-
health
154
131
145
-
total
499
433
447
-
Employer
1 004
1 004
1 331
-
unemployment
36
36
45
-
health
70
70
87
-
pensions
70
70
87
-
total
176
176
219
-
Corporate
382
370
-
-
income
76
74
-
-
total
76
74
-
-
Dividends
306
296
-
-
income
65
63
-
-
withholding
46
44
-
-
total
111
107
-
-
Income
1 550
1 550
1 550
1 550
Total tax
862
790
666
658
After tax
688
760
884
892
Living cost
493
493
493
493
Free-cash
195
267
391
399

Estimated living cost  is $493 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
$321
$356
$335
$347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
health
-
-
-
67
accident
-
-
-
2
pensions
-
-
-
116
national
-
-
-
45
unemployment
-
-
-
1
municipal
-
-
-
369
total
-
-
-
725
Employee
698
-
1 213
-
municipal
208
-
362
-
national
-
-
40
-
total
208
-
402
-
Employer
698
-
1 213
-
other
81
-
125
-
unemployment
18
-
28
-
health
43
-
66
-
accident
1
-
2
-
pensions
75
-
116
-
total
218
-
337
-
Corporate
633
1 550
-
-
income
139
341
-
-
total
139
341
-
-
Dividends
493
1 209
-
-
withholding
148
363
-
-
total
148
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
713
704
739
725
After tax
837
846
811
825
Living cost
490
490
490
490
Free-cash
347
356
321
335

Estimated living cost  is $490 per week

$325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$564
$313
$399
$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

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

-
-
-
1 550
health

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

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

-
-
-
80
income

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

-
-
-
421
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
trade
-
-
-
165
total
-
-
-
689
Employee

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

596
-
1 550
-
surtax

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

3
-
23
-
income

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

51
-
421
-
health

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

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

80
-
80
-
total
134
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
954
1 550
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
trade
157
255
-
-
income
143
232
-
-
total
311
504
-
-
Dividends
643
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.

9
14
-
-
withholding
156
257
-
-
total
165
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
610
775
524
689
After tax
940
775
1 026
861
Living cost
462
462
462
462
Free-cash
478
313
564
399

Estimated living cost  is $462 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$688
$752
$703
$702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
health
-
-
-
40
income
-
-
-
236
total
-
-
-
466
Employee
904
904
1 422
-
social contributions
44
75
101
-
income
95
84
229
-
health
9
15
24
-
total
148
174
354
-
Employer
904
904
1 422
-
health
10
17
26
-
social contributions
44
75
101
-
total
54
92
127
-
Corporate
967
554
-
-
income
121
69
-
-
total
121
69
-
-
Dividends
846
485
-
-
withholding
144
82
-
-
total
144
82
-
-
Income
1 550
1 550
1 550
1 550
Total tax
467
417
481
466
After tax
1 083
1 133
1 069
1 084
Living cost
381
381
381
381
Free-cash
702
752
688
703

Estimated living cost  is $381 per week

$261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Limassol model

Close
Budapest , Hungary
$682
$657
$858
$659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
109
income
-
-
-
189
pensions
-
-
-
155
unemployment
-
-
-
23
total
-
-
-
476
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.

311
124
1 297
-
income
38
15
159
-
pensions
31
12
130
-
health
22
9
91
-
unemployment
5
2
19
-
total
96
38
399
-
Employer

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

The minimum wage is 138,000 HUF per month.

311
124
1 297
-
pensions
61
24
253
-
total
61
24
253
-
Corporate
1 178
1 402
-
-
income
106
126
-
-
total
106
126
-
-
Dividends
1 072
1 276
-
-
social contributions
208
247
-
-
withholding
204
242
-
-
total
412
489
-
-
Income
1 550
1 550
1 550
1 550
Total tax
675
677
652
476
After tax
875
873
898
1 074
Living cost
216
216
216
216
Free-cash
659
657
682
858

Estimated living cost  is $216 per week

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

Source of data for Budapest model

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

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is $284 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
$562
-$135
$801
$86
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
406
pensions
-
-
-
49
total
-
-
-
488
Employee
410
-
1 363
-
income
56
-
294
-
pensions
46
-
90
-
health
47
-
156
-
total
149
-
540
-
Employer
410
-
1 363
-
unemployment
10
-
33
-
accident
7
-
23
-
pensions
67
-
131
-
total
84
-
187
-
Corporate
1 056
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.

950
1 395
-
-
total
950
1 395
-
-
Dividends
106
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 203
1 424
727
488
After tax
347
126
823
1 062
Living cost
261
261
261
261
Free-cash
86
-135
562
801

Estimated living cost  is $261 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1144
$1376
$1439
$1359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
15
total
-
-
-
15
Employee
120
-
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%.

1 430
1 550
-
-
total
-
-
-
-
Dividends
1 430
1 550
-
-
withholding
71
78
-
-
total
71
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
78
310
15
After tax
1 455
1 472
1 240
1 535
Living cost
96
96
96
96
Free-cash
1 359
1 376
1 144
1 439

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$579
$826
$514
$747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
74
health
-
-
-
68
income
-
-
-
209
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
-
-
-
723
Employee
427
-
1 238
-
income
74
-
231
-
pensions

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

30
-
87
-
health
6
-
17
-
unemployment
4
-
12
-
total
114
-
347
-
Employer
427
-
1 238
-
other
21
-
62
-
unemployment
4
-
12
-
health
6
-
17
-
accident
3
-
10
-
pensions

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

73
-
210
-
total
107
-
311
-
Corporate
1 015
1 550
-
-
income
213
325
-
-
total
213
325
-
-
Dividends
802
1 225
-
-
withholding
56
86
-
-
total
56
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
490
411
658
723
After tax
1 060
1 139
892
827
Living cost
313
313
313
313
Free-cash
747
826
579
514

Estimated living cost  is $313 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
$140
$286
$283
$217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
389
pensions
-
-
-
95
total
-
-
-
484
Employee
1 108
-
1 359
-
income
200
-
293
-
health
18
-
22
-
pensions
107
-
121
-
total
325
-
436
-
Employer
1 108
-
1 359
-
health
21
-
26
-
pensions
131
-
165
-
total
152
-
191
-
Corporate
290
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.

55
295
-
-
total
55
295
-
-
Dividends
235
1 255
-
-
withholding
18
186
-
-
total
18
186
-
-
Income
1 550
1 550
1 550
1 550
Total tax
550
481
627
484
After tax
1 000
1 069
923
1 066
Living cost
783
783
783
783
Free-cash
217
286
140
283

Estimated living cost  is $783 per week

$587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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.
$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

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
$1113
$1173
$1056
$1120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
47
income
-
-
-
233
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
342
Employee
201
-
1 471
-
income
20
-
147
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
206
-
Employer
201
-
1 471
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
1 309
1 550
-
-
income
131
155
-
-
total
131
155
-
-
Dividends
1 178
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
278
225
285
342
After tax
1 272
1 325
1 265
1 208
Living cost
152
152
152
152
Free-cash
1 120
1 173
1 113
1 056

Estimated living cost  is $152 per week

$89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
145
income
-
-
-
375
pensions
-
-
-
138
total
-
-
-
658
Employee
1 090
1 004
1 331
-
income

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

164
164
164
-
pensions
138
138
138
-
health
136
131
145
-
total
438
433
447
-
Employer
1 090
1 004
1 331
-
unemployment
39
36
45
-
health
76
70
87
-
pensions
76
70
87
-
total
191
176
219
-
Corporate
269
370
-
-
income
54
74
-
-
total
54
74
-
-
Dividends
215
296
-
-
income
46
63
-
-
withholding
32
44
-
-
total
78
107
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
790
666
658
After tax
789
760
884
892
Living cost
652
652
652
652
Free-cash
137
108
232
240

Estimated living cost  is $652 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$496
$776
$494
$672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
health
-
-
-
209
income
-
-
-
138
solidarity contribution
-
-
-
-
total
-
-
-
765
Employee
428
-
1 157
-
social contributions
28
-
75
-
solidarity contribution
-
-
-
-
income
51
-
139
-
health
58
-
156
-
total
137
-
370
-
Employer
428
-
1 157
-
health
38
-
104
-
social contributions
107
-
289
-
total
145
-
393
-
Corporate
977
1 550
-
-
income
186
295
-
-
total
186
295
-
-
Dividends
791
1 255
-
-
withholding
119
188
-
-
total
119
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
587
483
763
765
After tax
963
1 067
787
785
Living cost
291
291
291
291
Free-cash
672
776
496
494

Estimated living cost  is $291 per week

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

Source of data for Brno model

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

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

Dividends

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

Salary

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

Estimated living cost  is $496 per week

$346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$453
$716
$479
$679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
other
-
-
-
-
health
-
-
-
110
income
-
-
-
342
pensions
-
-
-
310
surtax
-
-
-
47
unemployment
-
-
-
3
total
-
-
-
812
Employee
389
-
1 280
-
surtax
1
-
43
-
income
65
-
318
-
other
-
-
-
-
pensions
26
-
85
-
health
10
-
33
-
unemployment
27
-
89
-
total
129
-
568
-
Employer
389
-
1 280
-
other
-
-
-
-
unemployment
12
-
41
-
health
18
-
58
-
pensions
52
-
171
-
total
82
-
270
-
Corporate
1 079
1 550
-
-
income
281
403
-
-
total
281
403
-
-
Dividends
799
1 147
-
-
withholding
120
172
-
-
total
120
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
838
812
After tax
938
975
712
738
Living cost
259
259
259
259
Free-cash
679
716
453
479

Estimated living cost  is $259 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$388
$534
$531
$535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
389
pensions
-
-
-
95
total
-
-
-
484
Employee
743
-
1 359
-
income
134
-
293
-
health
11
-
22
-
pensions
63
-
121
-
total
208
-
436
-
Employer
743
-
1 359
-
health
14
-
26
-
pensions
80
-
165
-
total
94
-
191
-
Corporate
713
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.

135
295
-
-
total
135
295
-
-
Dividends
577
1 255
-
-
withholding
43
186
-
-
total
43
186
-
-
Income
1 550
1 550
1 550
1 550
Total tax
480
481
627
484
After tax
1 070
1 069
923
1 066
Living cost
535
535
535
535
Free-cash
535
534
388
531

Estimated living cost  is $535 per week

$401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
$252
-$242
$330
$166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3
pensions
-
-
-
143
city
-
-
-
16
national
-
-
-
15
regional
-
-
-
62
total
-
-
-
270
Employee
1 111
-
1 387
-
national
5
-
12
-
city
12
-
15
-
pensions
93
-
117
-
health
3
-
3
-
regional
36
-
53
-
unemployment
-
-
-
-
total
149
-
200
-
Employer
1 111
-
1 387
-
other

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

22
-
28
-
unemployment
-
-
-
-
health
3
-
3
-
pensions
93
-
117
-
total
118
-
148
-
Corporate
308
1 550
-
-
regional
65
328
-
-
national
26
132
-
-
total
91
460
-
-
Dividends
217
1 090
-
-
withholding
76
382
-
-
total
76
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
950
950
950
950
Free-cash
166
-242
252
330

Estimated living cost  is $950 per week

$618
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.
$235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$487
$228
$315
$419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

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

-
-
-
80
income

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

-
-
-
421
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
trade
-
-
-
172
total
-
-
-
696
Employee

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

707
-
1 550
-
surtax

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

5
-
23
-
income

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

83
-
421
-
health

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

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

80
-
80
-
total
168
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
843
1 550
-
-
chamber of commerce
3
4
-
-
surtax

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

7
13
-
-
trade
145
266
-
-
income
126
232
-
-
total
281
515
-
-
Dividends
562
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
136
254
-
-
total
143
268
-
-
Income
1 550
1 550
1 550
1 550
Total tax
592
783
524
696
After tax
958
767
1 026
854
Living cost
539
539
539
539
Free-cash
419
228
487
315

Estimated living cost  is $539 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$507
$379
$480
$449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
other
-
-
-
48
social contributions
-
-
-
44
health
-
-
-
49
income
-
-
-
201
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
668
Employee
503
-
1 230
-
surtax
-
-
-
-
social contributions
14
-
35
-
income
30
-
212
-
pensions
57
-
73
-
total
101
-
320
-
Employer
503
-
1 230
-
other
17
-
43
-
unemployment
20
-
50
-
health
35
-
99
-
pensions
83
-
125
-
social contributions
2
-
4
-
total
157
-
321
-
Corporate
890
1 550
-
-
surtax
-
-
-
-
income
249
434
-
-
total
249
434
-
-
Dividends
640
1 116
-
-
social contributions
110
192
-
-
surtax
-
-
-
-
withholding
82
143
-
-
total
192
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
699
769
641
668
After tax
851
781
909
882
Living cost
402
402
402
402
Free-cash
449
379
507
480

Estimated living cost  is $402 per week

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

Source of data for Nice model

Close
Marseille , France
$547
$419
$520
$484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
social contributions
-
-
-
44
health
-
-
-
49
income
-
-
-
201
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
668
Employee
449
-
1 230
-
surtax
-
-
-
-
social contributions
13
-
35
-
income
23
-
212
-
pensions
51
-
73
-
total
87
-
320
-
Employer
449
-
1 230
-
other
16
-
43
-
unemployment
18
-
50
-
health
31
-
99
-
pensions
74
-
125
-
social contributions
1
-
4
-
total
140
-
321
-
Corporate
960
1 550
-
-
surtax
-
-
-
-
income
269
434
-
-
total
269
434
-
-
Dividends
692
1 116
-
-
social contributions
119
192
-
-
surtax
-
-
-
-
withholding
89
143
-
-
total
208
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
704
769
641
668
After tax
846
781
909
882
Living cost
362
362
362
362
Free-cash
484
419
547
520

Estimated living cost  is $362 per week

$210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$730
$697
$747
$703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
214
health
-
-
-
108
income
-
-
-
232
total
-
-
-
554
Employee
399
-
1 550
-
social contributions
55
-
214
-
income
66
-
249
-
health
28
-
108
-
total
149
-
571
-
Employer
399
-
1 550
-
total
-
-
-
-
Corporate
1 151
1 550
-
-
income

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

58
77
-
-
total
58
77
-
-
Dividends
1 094
1 473
-
-
social contributions
151
203
-
-
withholding
164
221
-
-
health
76
103
-
-
total
391
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
598
604
571
554
After tax
952
946
979
996
Living cost
249
249
249
249
Free-cash
703
697
730
747

Estimated living cost  is $249 per week

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

Source of data for Vilnius model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

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

Estimated living cost  is $414 per week

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

Additional information

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

Source of data for Vienna model

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

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

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

841
-
1 200
-
national
259
-
406
-
pensions

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

63
-
90
-
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
-
communal

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

44
-
63
-
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
-
total
413
-
625
-
Employer

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

841
-
1 200
-
unemployment

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

12
-
18
-
health

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

52
-
74
-
surtax
95
-
136
-
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
-
pensions

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

75
-
106
-
total
245
-
350
-
Corporate
464
1 550
-
-
surtax
2
6
-
-
income
93
310
-
-
total
95
316
-
-
Dividends
369
1 234
-
-
withholding

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

107
366
-
-
total
107
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
860
682
975
860
After tax
690
868
575
690
Living cost
429
429
429
429
Free-cash
261
439
146
261

Estimated living cost  is $429 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
$385
$615
$441
$524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
10
income
-
-
-
357
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
684
Employee
585
-
1 203
-
income
123
-
323
-
other
1
-
1
-
pensions
28
-
51
-
unemployment
9
-
17
-
total
161
-
392
-
Employer
585
-
1 203
-
other
5
-
9
-
unemployment
32
-
60
-
accident
12
-
22
-
pensions
138
-
257
-
total
187
-
348
-
Corporate
778
1 550
-
-
income

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

117
232
-
-
total
117
232
-
-
Dividends
661
1 318
-
-
withholding
136
278
-
-
total
136
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
601
510
740
684
After tax
949
1 040
810
866
Living cost
425
425
425
425
Free-cash
524
615
385
441

Estimated living cost  is $425 per week

$313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$247
$294
$186
$173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
109
accident
-
-
-
13
income
-
-
-
196
pensions
-
-
-
232
communal
-
-
-
98
surtax
-
-
-
77
total
-
-
-
725
Employee
890
-
1 385
-
surtax
55
-
85
-
income
86
-
241
-
pensions
71
-
111
-
health
40
-
62
-
total
252
-
499
-
Employer
890
-
1 385
-
health
27
-
42
-
accident
8
-
12
-
pensions
71
-
111
-
total
106
-
165
-
Corporate
553
1 550
-
-
surtax
6
16
-
-
income
83
232
-
-
communal
37
105
-
-
total
126
353
-
-
Dividends
427
1 197
-
-
income
190
85
-
-
withholding
64
179
-
-
total
254
264
-
-
Income
1 550
1 550
1 550
1 550
Total tax
738
617
664
725
After tax
812
933
886
825
Living cost
639
639
639
639
Free-cash
173
294
247
186

Estimated living cost  is $639 per week

$479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
110
income
-
-
-
342
pensions
-
-
-
310
surtax
-
-
-
47
unemployment
-
-
-
3
total
-
-
-
812
Employee
396
-
1 280
-
surtax
1
-
43
-
income
66
-
318
-
other
-
-
-
-
pensions
26
-
85
-
health
10
-
33
-
unemployment
28
-
89
-
total
131
-
568
-
Employer
396
-
1 280
-
other
-
-
-
-
unemployment
13
-
41
-
health
18
-
58
-
pensions
53
-
171
-
total
84
-
270
-
Corporate
1 071
1 550
-
-
income
278
403
-
-
total
278
403
-
-
Dividends
792
1 147
-
-
withholding
119
172
-
-
total
119
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
838
812
After tax
938
975
712
738
Living cost
264
264
264
264
Free-cash
674
711
448
474

Estimated living cost  is $264 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

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

Estimated living cost  is $317 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$429
$709
$427
$582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
health
-
-
-
209
income
-
-
-
138
solidarity contribution
-
-
-
-
total
-
-
-
765
Employee
527
-
1 157
-
social contributions
34
-
75
-
solidarity contribution
-
-
-
-
income
63
-
139
-
health
71
-
156
-
total
168
-
370
-
Employer
527
-
1 157
-
health
47
-
104
-
social contributions
132
-
289
-
total
179
-
393
-
Corporate
844
1 550
-
-
income
160
295
-
-
total
160
295
-
-
Dividends
684
1 255
-
-
withholding
103
188
-
-
total
103
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
610
483
763
765
After tax
940
1 067
787
785
Living cost
358
358
358
358
Free-cash
582
709
429
427

Estimated living cost  is $358 per week

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

Source of data for Prague model

Close
Graz , Austria
$48
$488
$409
$484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
105
income
-
-
-
329
chamber of commerce
-
-
-
6
pensions
-
-
-
254
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
766
Employee
514
469
1 204
-
income
46
35
273
-
other
5
5
12
-
pensions
53
48
123
-
health
20
18
47
-
unemployment
15
14
36
-
total
139
120
491
-
Employer
514
469
1 204
-
other
24
22
57
-
unemployment
15
14
36
-
health
19
18
45
-
surtax
-
-
-
-
accident
7
6
16
-
pensions
65
59
151
-
payroll
15
14
36
-
chamber of commerce
2
2
5
-
total
147
135
346
-
Corporate
888
947
1 159
-
income

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

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

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

Estimated living cost  is $375 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1090
$1322
$1385
$1294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
15
total
-
-
-
15
Employee
188
-
1 550
-
income
38
-
310
-
total
38
-
310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 362
1 550
-
-
total
-
-
-
-
Dividends
1 362
1 550
-
-
withholding
68
78
-
-
total
68
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
106
78
310
15
After tax
1 444
1 472
1 240
1 535
Living cost
150
150
150
150
Free-cash
1 294
1 322
1 090
1 385

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$425
$752
$468
$653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
153
income
-
-
-
329
pensions
-
-
-
283
unemployment
-
-
-
2
total
-
-
-
767
Employee

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

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

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

520
-
1 341
-
unemployment
-
-
1
-
health
35
-
89
-
pensions
46
-
119
-
total
81
-
209
-
Corporate
949
1 550
-
-
income
180
295
-
-
total
180
295
-
-
Dividends
769
1 255
-
-
withholding
115
188
-
-
total
115
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
582
483
810
767
After tax
968
1 067
740
783
Living cost
315
315
315
315
Free-cash
653
752
425
468

Estimated living cost  is $315 per week

$216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$858
$413
$541
-$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
social contributions
-
-
-
177
income
-
-
-
302
total
-
-
-
479
Employee
760
-
-
-
social contributions
62
-
9
-
income
168
-
-
-
total
230
-
9
-
Employer
760
-
-
-
social contributions
1 072
-
153
-
total
1 072
-
153
-
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
1 302
607
162
479
After tax
248
943
1 388
1 071
Living cost
530
530
530
530
Free-cash
-282
413
858
541

Estimated living cost  is $530 per week

$344
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.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$377
$513
$478
$502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
539
income
-
-
-
164
surtax
-
-
-
-
total
-
-
-
703
Employee
541
-
1 253
-
surtax
-
-
-
-
social contributions
59
-
138
-
income
112
-
369
-
total
171
-
507
-
Employer
541
-
1 253
-
social contributions
128
-
297
-
total
128
-
297
-
Corporate
881
1 550
-
-
surtax
-
-
-
-
income
185
325
-
-
total
185
325
-
-
Dividends
696
1 225
-
-
withholding
195
343
-
-
total
195
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
679
668
804
703
After tax
871
882
746
847
Living cost
369
369
369
369
Free-cash
502
513
377
478

Estimated living cost  is $369 per week

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

Source of data for Lisbon model

Close
Paris , France
$341
$213
$314
$295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
social contributions
-
-
-
44
health
-
-
-
49
income
-
-
-
201
pensions
-
-
-
326
surtax
-
-
-
-
total
-
-
-
668
Employee
736
-
1 230
-
surtax
-
-
-
-
social contributions
21
-
35
-
income
64
-
212
-
pensions
83
-
73
-
total
168
-
320
-
Employer
736
-
1 230
-
other
25
-
43
-
unemployment
30
-
50
-
health
52
-
99
-
pensions
121
-
125
-
social contributions
2
-
4
-
total
230
-
321
-
Corporate
584
1 550
-
-
surtax
-
-
-
-
income
163
434
-
-
total
163
434
-
-
Dividends
420
1 116
-
-
social contributions
72
192
-
-
surtax
-
-
-
-
withholding
54
143
-
-
total
126
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
687
769
641
668
After tax
863
781
909
882
Living cost
568
568
568
568
Free-cash
295
213
341
314

Estimated living cost  is $568 per week

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

Source of data for Paris model

Close
Andorra , Andorra
$848
$1042
$807
$1002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
49
social contributions
-
-
-
341
total
-
-
-
390
Employee
378
-
1 342
-
income
-
-
54
-
social contributions
25
-
87
-
total
25
-
141
-
Employer
378
-
1 342
-
social contributions
59
-
208
-
total
59
-
208
-
Corporate
1 113
1 550
-
-
income
111
155
-
-
total
111
155
-
-
Dividends
1 002
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
195
155
349
390
After tax
1 355
1 395
1 201
1 160
Living cost
353
353
353
353
Free-cash
1 002
1 042
848
807

Estimated living cost  is $353 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1008
-$1008
$380
-$1008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10
national
-
-
-
165
municipal
-
-
-
307
total
-
-
-
605
Employee
2 387
2 387
2 387
-
labour market
191
191
191
-
municipal
508
508
508
-
national
292
292
292
-
pensions
3
3
3
-
total
994
994
994
-
Employer
2 387
2 387
2 387
-
national
292
292
292
-
labour market
191
191
191
-
pensions
7
7
7
-
municipal
509
509
509
-
total
999
999
999
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 993
1 993
1 993
605
After tax
-443
-443
-443
945
Living cost
565
565
565
565
Free-cash
-1 008
-1 008
-1 008
380

Estimated living cost  is $565 per week

$387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$566
-$131
$805
$86
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
406
pensions
-
-
-
49
total
-
-
-
488
Employee
404
-
1 363
-
income
55
-
294
-
pensions
46
-
90
-
health
46
-
156
-
total
147
-
540
-
Employer
404
-
1 363
-
unemployment
10
-
33
-
accident
7
-
23
-
pensions
66
-
131
-
total
83
-
187
-
Corporate
1 063
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.

957
1 395
-
-
total
957
1 395
-
-
Dividends
106
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 207
1 424
727
488
After tax
343
126
823
1 062
Living cost
257
257
257
257
Free-cash
86
-131
566
805

Estimated living cost  is $257 per week

$187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$396
$551
$607
$558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
197
municipal
-
-
-
276
total
-
-
-
492
Employee
619
-
1 304
-
municipal
101
-
213
-
national
10
-
122
-
pensions
42
-
88
-
health
5
-
15
-
unemployment
9
-
20
-
total
167
-
458
-
Employer
619
-
1 304
-
unemployment
4
-
8
-
health
5
-
10
-
accident
1
-
1
-
pensions
107
-
226
-
total
117
-
245
-
Corporate
815
1 550
-
-
income
163
310
-
-
total
163
310
-
-
Dividends

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

489
930
-
-
national
6
71
-
-
municipal
88
167
-
-
total
94
238
-
-
Income
1 550
1 550
1 550
1 550
Total tax
541
548
703
492
After tax
1 009
1 002
847
1 058
Living cost
451
451
451
451
Free-cash
558
551
396
607

Estimated living cost  is $451 per week

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

Additional information

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

Source of data for Helsinki model

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

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is $272 per week

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

Source of data for Larnaca model

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

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

Dividends

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

Salary

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

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

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

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

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

Estimated living cost  is $187 per week

$119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$487
$717
$543
$659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1
accident
-
-
-
10
income
-
-
-
357
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
684
Employee
435
-
1 203
-
income
84
-
323
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
111
-
392
-
Employer
435
-
1 203
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
22
-
pensions
103
-
257
-
total
139
-
348
-
Corporate
977
1 550
-
-
income

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

146
232
-
-
total
146
232
-
-
Dividends
830
1 318
-
-
withholding
172
278
-
-
total
172
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
568
510
740
684
After tax
982
1 040
810
866
Living cost
323
323
323
323
Free-cash
659
717
487
543

Estimated living cost  is $323 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
$970
$945
$973
$942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
11
income
-
-
-
528
pensions
-
-
-
16
total
-
-
-
555
Employee
33
-
1 532
-
income
6
-
527
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
539
-
Employer
33
-
1 532
-
unemployment
1
-
2
-
health
3
-
8
-
pensions
4
-
9
-
total
8
-
19
-
Corporate
1 509
1 550
-
-
income
332
341
-
-
total
332
341
-
-
Dividends
1 177
1 209
-
-
withholding
235
242
-
-
total
235
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
586
583
558
555
After tax
964
967
992
995
Living cost
22
22
22
22
Free-cash
942
945
970
973

Estimated living cost  is $22 per week

$13
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.
$0
Clothing and shoes. We estimate one pair of shoes and 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
$679
$916
$681
$859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
89
income
-
-
-
339
pensions
-
-
-
225
unemployment
-
-
-
13
total
-
-
-
666
Employee

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

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

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

306
-
1 395
-
income
42
-
339
-
pensions
43
-
121
-
health
16
-
45
-
unemployment
2
-
7
-
total
103
-
512
-
Employer

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

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

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

306
-
1 395
-
unemployment
2
-
7
-
health
16
-
45
-
pensions
37
-
104
-
total
55
-
156
-
Corporate
1 189
1 550
-
-
income
178
233
-
-
total
178
233
-
-
Dividends
1 011
1 317
-
-
withholding
152
198
-
-
total
152
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
488
431
668
666
After tax
1 062
1 119
882
884
Living cost
203
203
203
203
Free-cash
859
916
679
681

Estimated living cost  is $203 per week

$137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$429
$565
$530
$561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
539
income
-
-
-
164
surtax
-
-
-
-
total
-
-
-
703
Employee
456
-
1 253
-
surtax
-
-
-
-
social contributions
50
-
138
-
income
89
-
369
-
total
139
-
507
-
Employer
456
-
1 253
-
social contributions
108
-
297
-
total
108
-
297
-
Corporate
985
1 550
-
-
surtax
-
-
-
-
income
207
325
-
-
total
207
325
-
-
Dividends
778
1 225
-
-
withholding
218
343
-
-
total
218
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
672
668
804
703
After tax
878
882
746
847
Living cost
317
317
317
317
Free-cash
561
565
429
530

Estimated living cost  is $317 per week

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

Source of data for Porto model

Close
Madrid , Spain
$397
$627
$453
$540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
357
pensions
-
-
-
308
unemployment
-
-
-
8
total
-
-
-
684
Employee
568
-
1 203
-
income
119
-
323
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
156
-
392
-
Employer
568
-
1 203
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
pensions
134
-
257
-
total
181
-
348
-
Corporate
801
1 550
-
-
income

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

120
232
-
-
total
120
232
-
-
Dividends
681
1 318
-
-
withholding
140
278
-
-
total
140
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
510
740
684
After tax
953
1 040
810
866
Living cost
413
413
413
413
Free-cash
540
627
397
453

Estimated living cost  is $413 per week

$297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1066
$1126
$1009
$1056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
health
-
-
-
47
income
-
-
-
233
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
342
Employee
264
-
1 471
-
income
26
-
147
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
206
-
Employer
264
-
1 471
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 234
1 550
-
-
income
123
155
-
-
total
123
155
-
-
Dividends
1 111
1 395
-
-
withholding
56
70
-
-
total
56
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
295
225
285
342
After tax
1 255
1 325
1 265
1 208
Living cost
199
199
199
199
Free-cash
1 056
1 126
1 066
1 009

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Sofia model

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
health

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

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

-
-
-
80
income

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

-
-
-
421
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
trade
-
-
-
144
total
-
-
-
668
Employee

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

585
-
1 550
-
surtax

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

3
-
23
-
income

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

48
-
421
-
health

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

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

80
-
80
-
total
131
-
524
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
965
1 550
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
trade
138
222
-
-
income
145
232
-
-
total
294
471
-
-
Dividends
671
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
163
265
-
-
total
172
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
751
524
668
After tax
953
799
1 026
882
Living cost
454
454
454
454
Free-cash
499
345
572
428

Estimated living cost  is $454 per week

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

Additional information

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

Source of data for Berlin model

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

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

Dividends

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

Salary

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

Estimated living cost  is $670 per week

$510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$707
$518
$716
$559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
335
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
-
-
-
407
Employee
539
-
1 496
-
income
59
-
308
-
social contributions
54
-
54
-
total
113
-
362
-
Employer
539
-
1 496
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
957
1 550
-
-
income
335
543
-
-
total
335
543
-
-
Dividends
622
1 007
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 550
1 550
1 550
1 550
Total tax
564
605
416
407
After tax
986
945
1 134
1 143
Living cost
427
427
427
427
Free-cash
559
518
707
716

Estimated living cost  is $427 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$488
$634
$631
$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
-
-
-
389
pensions
-
-
-
95
total
-
-
-
484
Employee
597
-
1 359
-
income
109
-
293
-
health
8
-
22
-
pensions
46
-
121
-
total
163
-
436
-
Employer
597
-
1 359
-
health
11
-
26
-
pensions
60
-
165
-
total
71
-
191
-
Corporate
881
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.

167
295
-
-
total
167
295
-
-
Dividends
714
1 255
-
-
withholding
54
186
-
-
total
54
186
-
-
Income
1 550
1 550
1 550
1 550
Total tax
455
481
627
484
After tax
1 095
1 069
923
1 066
Living cost
435
435
435
435
Free-cash
660
634
488
631

Estimated living cost  is $435 per week

$298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
$541
-$156
$780
$83
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
406
pensions
-
-
-
49
total
-
-
-
488
Employee
444
-
1 363
-
income
61
-
294
-
pensions
50
-
90
-
health
51
-
156
-
total
162
-
540
-
Employer
444
-
1 363
-
unemployment
11
-
33
-
accident
7
-
23
-
pensions
72
-
131
-
total
90
-
187
-
Corporate
1 015
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.

914
1 395
-
-
total
914
1 395
-
-
Dividends
102
155
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 185
1 424
727
488
After tax
365
126
823
1 062
Living cost
282
282
282
282
Free-cash
83
-156
541
780

Estimated living cost  is $282 per week

$207
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.
$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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$887
$1147
$717
$1091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
248
health insurance
-
-
-
115
work injury
-
-
-
8
pensions
-
-
-
285
unemployment
-
-
-
19
total
-
-
-
675
Employee

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

253
-
1 550
-
income
25
-
248
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
47
-
172
-
unemployment
3
-
11
-
total
95
-
505
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 297
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
1 284
1 535
-
-
withholding
193
230
-
-
total
193
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
301
245
505
675
After tax
1 249
1 305
1 045
875
Living cost
158
158
158
158
Free-cash
1 091
1 147
887
717

Estimated living cost  is $158 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
$212
$348
$284
$296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
355
regional
-
-
-
34
municipal
-
-
-
10
total
-
-
-
798
Employee
991
-
1 550
-
social contributions
334
-
523
-
municipal
6
-
9
-
national
167
-
308
-
regional
15
-
30
-
total
522
-
870
-
Employer
991
-
1 550
-
total
-
-
-
-
Corporate
559
1 550
-
-
nationa
134
372
-
-
municipal
27
75
-
-
total
161
447
-
-
Dividends
398
1 103
-
-
withholding
103
287
-
-
total
103
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
786
734
870
798
After tax
764
816
680
752
Living cost
468
468
468
468
Free-cash
296
348
212
284

Estimated living cost  is $468 per week

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

Source of data for Rome model

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