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
$420
$665
$508
$552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income

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

-
-
-
418
surtax

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

-
-
-
23
health

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

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

-
-
-
82
trade
-
-
-
157
total
-
-
-
680
Employee

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

457
-
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
-
418
-
health

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

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

82
-
82
-
total
96
-
523
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 093
1 550
-
-
income
164
233
-
-
surtax

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

9
13
-
-
chamber of commerce
3
4
-
-
trade
172
244
-
-
total
348
494
-
-
Dividends
745
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
182
260
-
-
total
192
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
636
768
523
680
After tax
914
782
1 027
870
Living cost
362
362
362
362
Free-cash
552
420
665
508

Estimated living cost  is $362 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$331
$303
$290
$320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
17
municipal
-
-
-
165
national
-
-
-
256
pensions
-
-
-
186
total
-
-
-
624
Employee
985
-
1 340
-
municipal
122
-
171
-
pensions
39
-
54
-
national
189
-
265
-
total
350
-
490
-
Employer
985
-
1 340
-
pensions
79
-
107
-
social contributions
11
-
14
-
total
90
-
121
-
Corporate
410
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%.

82
310
-
-
total
82
310
-
-
Dividends
328
1 240
-
-
withholding
72
273
-
-
total
72
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
594
583
611
624
After tax
956
967
939
926
Living cost
636
636
636
636
Free-cash
320
331
303
290

Estimated living cost  is $636 per week

$432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$992
$622
$212
$895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 550
income
-
-
-
238
surtax
-
-
-
395
social contributions

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

-
-
-
457
microenterprise
-
-
-
-
total
-
-
-
1 090
Employee
349
-
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
62
-
242
-
total
100
-
379
-
Employer
349
-
1 249
-
social contributions

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

84
-
301
-
surtax
-
-
-
-
total
84
-
301
-
Corporate
1 117
1 550
-
-
income

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

223
310
-
-
total
223
310
-
-
Dividends

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

894
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
407
310
680
1 090
After tax
1 143
1 240
870
460
Living cost
248
248
248
248
Free-cash
895
992
622
212

Estimated living cost  is $248 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$259
$374
$394
$186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
369
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
656
Employee
1 019
1 019
1 328
-
pensions
183
140
140
-
income

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

167
167
167
-
health
156
133
147
-
total
506
440
454
-
Employer
1 019
1 019
1 328
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
365
352
-
-
income
73
70
-
-
total
73
70
-
-
Dividends
292
282
-
-
income
62
60
-
-
withholding
44
42
-
-
total
106
102
-
-
Income
1 550
1 550
1 550
1 550
Total tax
864
791
676
656
After tax
686
759
874
894
Living cost
500
500
500
500
Free-cash
186
259
374
394

Estimated living cost  is $500 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$369
$334
$347
$358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
2
other
-
-
-
121
unemployment
-
-
-
1
health
-
-
-
65
municipal
-
-
-
372
national
-
-
-
52
pensions
-
-
-
113
total
-
-
-
726
Employee
679
-
1 222
-
municipal
203
-
364
-
national
-
-
47
-
total
203
-
411
-
Employer
679
-
1 222
-
health
42
-
64
-
pensions
73
-
113
-
accident
1
-
2
-
unemployment
18
-
28
-
other
79
-
121
-
total
213
-
328
-
Corporate
657
1 550
-
-
income
145
341
-
-
total
145
341
-
-
Dividends
512
1 209
-
-
withholding
154
363
-
-
total
154
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
715
704
739
726
After tax
835
846
811
824
Living cost
477
477
477
477
Free-cash
358
369
334
347

Estimated living cost  is $477 per week

$316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$305
$558
$394
$473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income

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

-
-
-
418
surtax

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

-
-
-
23
health

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

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

-
-
-
82
trade
-
-
-
164
total
-
-
-
687
Employee

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

605
-
1 550
-
surtax

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

3
-
23
-
income

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

52
-
418
-
health

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

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

82
-
82
-
total
137
-
523
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
945
1 550
-
-
income
142
233
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
155
255
-
-
total
308
505
-
-
Dividends
637
1 046
-
-
surtax

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

8
14
-
-
withholding
155
257
-
-
total
163
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
608
776
523
687
After tax
942
774
1 027
863
Living cost
469
469
469
469
Free-cash
473
305
558
394

Estimated living cost  is $469 per week

$314
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.
$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

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
$746
$682
$698
$695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
232
social contributions
-
-
-
193
health
-
-
-
40
total
-
-
-
465
Employee
918
918
1 421
-
social contributions
45
76
103
-
income
96
85
225
-
health
9
16
24
-
total
150
177
352
-
Employer
918
918
1 421
-
health
10
17
26
-
social contributions
45
76
103
-
total
55
93
129
-
Corporate
958
539
-
-
income
120
67
-
-
total
120
67
-
-
Dividends
838
472
-
-
withholding
143
80
-
-
total
143
80
-
-
Income
1 550
1 550
1 550
1 550
Total tax
468
417
481
465
After tax
1 082
1 133
1 069
1 085
Living cost
387
387
387
387
Free-cash
695
746
682
698

Estimated living cost  is $387 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$657
$684
$860
$662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

309
123
1 297
-
unemployment
5
2
19
-
pensions
31
12
130
-
income
38
15
159
-
health
22
9
91
-
total
96
38
399
-
Employer

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

The minimum wage is 138,000 HUF per month.

309
123
1 297
-
pensions
60
24
253
-
total
60
24
253
-
Corporate
1 181
1 403
-
-
income
106
126
-
-
total
106
126
-
-
Dividends
1 075
1 277
-
-
social contributions
208
248
-
-
withholding
204
243
-
-
total
412
491
-
-
Income
1 550
1 550
1 550
1 550
Total tax
674
679
652
476
After tax
876
871
898
1 074
Living cost
214
214
214
214
Free-cash
662
657
684
860

Estimated living cost  is $214 per week

$146
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.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$952
$605
$543
$878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
208
health
-
-
-
201
pensions
-
-
-
310
total
-
-
-
719
Employee
339
-
1 158
-
unemployment
5
-
19
-
pensions
7
-
23
-
income
38
-
223
-
total
50
-
265
-
Employer
339
-
1 158
-
health
44
-
151
-
pensions
68
-
232
-
unemployment
3
-
9
-
total
115
-
392
-
Corporate
1 097
1 550
-
-
income
219
310
-
-
total
219
310
-
-
Dividends
877
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
288
288
288
288
Free-cash
878
952
605
543

Estimated living cost  is $288 per week

$198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-$141
$556
$797
$84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
404
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
487
Employee
419
-
1 360
-
pensions
47
-
92
-
income
58
-
291
-
health
48
-
156
-
total
153
-
539
-
Employer
419
-
1 360
-
pensions
68
-
133
-
accident
7
-
23
-
unemployment
10
-
33
-
total
85
-
189
-
Corporate
1 045
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.

941
1 395
-
-
total
941
1 395
-
-
Dividends
105
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 199
1 424
728
487
After tax
351
126
822
1 063
Living cost
267
267
267
267
Free-cash
84
-141
556
797

Estimated living cost  is $267 per week

$195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1377
$1144
$1438
$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.

-
-
-
16
total
-
-
-
16
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
77
-
-
total
71
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
77
310
16
After tax
1 455
1 473
1 240
1 534
Living cost
96
96
96
96
Free-cash
1 359
1 377
1 144
1 438

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
$821
$575
$509
$740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
209
other
-
-
-
74
health
-
-
-
68
pensions

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

-
-
-
372
total
-
-
-
723
Employee
433
-
1 238
-
unemployment
4
-
12
-
pensions

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

30
-
87
-
income
75
-
230
-
health
6
-
17
-
total
115
-
346
-
Employer
433
-
1 238
-
health
6
-
17
-
pensions

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

74
-
210
-
accident
3
-
10
-
unemployment
4
-
12
-
other
22
-
62
-
total
109
-
311
-
Corporate
1 007
1 550
-
-
income
212
325
-
-
total
212
325
-
-
Dividends
796
1 225
-
-
withholding
56
86
-
-
total
56
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
492
411
657
723
After tax
1 058
1 139
893
827
Living cost
318
318
318
318
Free-cash
740
821
575
509

Estimated living cost  is $318 per week

$225
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$276
$129
$272
$201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
1 128
-
1 359
-
pensions
109
-
122
-
income
203
-
289
-
health
19
-
22
-
total
331
-
433
-
Employer
1 128
-
1 359
-
health
21
-
26
-
pensions
133
-
165
-
total
154
-
191
-
Corporate
267
1 550
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

51
295
-
-
total
51
295
-
-
Dividends
216
1 255
-
-
withholding
16
182
-
-
total
16
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
552
477
624
481
After tax
998
1 073
926
1 069
Living cost
797
797
797
797
Free-cash
201
276
129
272

Estimated living cost  is $797 per week

$598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1169
$1103
$1049
$1114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
233
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
345
Employee
207
-
1 468
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
147
-
health
10
-
19
-
total
51
-
208
-
Employer
207
-
1 468
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 302
1 550
-
-
income
130
155
-
-
total
130
155
-
-
Dividends
1 172
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
280
225
291
345
After tax
1 270
1 325
1 259
1 205
Living cost
156
156
156
156
Free-cash
1 114
1 169
1 103
1 049

Estimated living cost  is $156 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$97
$212
$232
$127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
369
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
656
Employee
1 107
1 019
1 328
-
pensions
140
140
140
-
income

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

167
167
167
-
health
138
133
147
-
total
445
440
454
-
Employer
1 107
1 019
1 328
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
250
352
-
-
income
50
70
-
-
total
50
70
-
-
Dividends
200
282
-
-
income
42
60
-
-
withholding
30
42
-
-
total
72
102
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
791
676
656
After tax
789
759
874
894
Living cost
662
662
662
662
Free-cash
127
97
212
232

Estimated living cost  is $662 per week

$488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$774
$494
$489
$669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
138
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
209
total
-
-
-
768
Employee
430
-
1 157
-
solidarity contribution
-
-
-
-
social contributions
28
-
75
-
income
52
-
139
-
health
58
-
156
-
total
138
-
370
-
Employer
430
-
1 157
-
health
39
-
104
-
social contributions
108
-
289
-
total
147
-
393
-
Corporate
973
1 550
-
-
income
185
295
-
-
total
185
295
-
-
Dividends
788
1 255
-
-
withholding
118
188
-
-
total
118
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
588
483
763
768
After tax
962
1 067
787
782
Living cost
293
293
293
293
Free-cash
669
774
494
489

Estimated living cost  is $293 per week

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

Source of data for Brno model

Close
Milan , Italy
$323
$192
$266
$260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
399
regional
-
-
-
18
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
780
Employee
1 061
-
1 550
-
municipal
6
-
8
-
national
184
-
307
-
regional
10
-
16
-
social contributions
358
-
523
-
total
558
-
854
-
Employer
1 061
-
1 550
-
total
-
-
-
-
Corporate
489
1 550
-
-
municipal
19
60
-
-
nationa
117
372
-
-
total
136
432
-
-
Dividends
353
1 118
-
-
withholding
92
291
-
-
total
92
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
786
723
854
780
After tax
764
827
696
770
Living cost
504
504
504
504
Free-cash
260
323
192
266

Estimated living cost  is $504 per week

$351
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.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$712
$452
$477
$675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
other
-
-
-
-
surtax
-
-
-
47
unemployment
-
-
-
3
health
-
-
-
110
pensions
-
-
-
310
total
-
-
-
810
Employee
395
-
1 280
-
other
-
-
-
-
unemployment
27
-
89
-
pensions
26
-
85
-
surtax
1
-
43
-
income
66
-
315
-
health
10
-
33
-
total
130
-
565
-
Employer
395
-
1 280
-
health
18
-
58
-
pensions
53
-
171
-
unemployment
13
-
41
-
other
-
-
-
-
total
84
-
270
-
Corporate
1 072
1 550
-
-
income
279
403
-
-
total
279
403
-
-
Dividends
793
1 147
-
-
withholding
119
172
-
-
total
119
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
835
810
After tax
938
975
715
740
Living cost
263
263
263
263
Free-cash
675
712
452
477

Estimated living cost  is $263 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$528
$381
$524
$523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
756
-
1 359
-
pensions
64
-
122
-
income
136
-
289
-
health
11
-
22
-
total
211
-
433
-
Employer
756
-
1 359
-
health
14
-
26
-
pensions
82
-
165
-
total
96
-
191
-
Corporate
698
1 550
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

133
295
-
-
total
133
295
-
-
Dividends
565
1 255
-
-
withholding
42
182
-
-
total
42
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
482
477
624
481
After tax
1 068
1 073
926
1 069
Living cost
545
545
545
545
Free-cash
523
528
381
524

Estimated living cost  is $545 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$235
$259
$337
$170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
other

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

-
-
-
31
regional
-
-
-
62
health
-
-
-
3
city
-
-
-
16
national
-
-
-
15
pensions
-
-
-
143
total
-
-
-
270
Employee
1 103
-
1 387
-
unemployment
-
-
-
-
pensions
93
-
117
-
national
5
-
12
-
regional
36
-
53
-
city
12
-
15
-
health
2
-
3
-
total
148
-
200
-
Employer
1 103
-
1 387
-
health
2
-
3
-
pensions
93
-
117
-
unemployment
-
-
-
-
other

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

22
-
28
-
total
117
-
148
-
Corporate
318
1 550
-
-
regional
67
328
-
-
national
27
132
-
-
total
94
460
-
-
Dividends
223
1 090
-
-
withholding
78
382
-
-
total
78
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
437
842
348
270
After tax
1 113
708
1 202
1 280
Living cost
942
942
942
942
Free-cash
170
-235
259
337

Estimated living cost  is $942 per week

$613
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.
$233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$219
$480
$309
$413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income

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

-
-
-
418
surtax

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

-
-
-
23
health

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

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

-
-
-
82
trade
-
-
-
171
total
-
-
-
694
Employee

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

717
-
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.

84
-
418
-
health

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

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

82
-
82
-
total
171
-
523
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
833
1 550
-
-
income
125
233
-
-
surtax

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

7
13
-
-
chamber of commerce
3
4
-
-
trade
143
266
-
-
total
278
516
-
-
Dividends
555
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
134
254
-
-
total
141
268
-
-
Income
1 550
1 550
1 550
1 550
Total tax
590
784
523
694
After tax
960
766
1 027
856
Living cost
547
547
547
547
Free-cash
413
219
480
309

Estimated living cost  is $547 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$373
$506
$475
$442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
198
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
329
total
-
-
-
667
Employee
511
-
1 232
-
pensions
58
-
72
-
surtax
-
-
-
-
social contributions
15
-
35
-
income
30
-
211
-
total
103
-
318
-
Employer
511
-
1 232
-
health
36
-
98
-
pensions
84
-
124
-
unemployment
21
-
50
-
social contributions
2
-
4
-
other
18
-
42
-
total
161
-
318
-
Corporate
880
1 550
-
-
income
246
434
-
-
surtax
-
-
-
-
total
246
434
-
-
Dividends
633
1 116
-
-
surtax
-
-
-
-
social contributions
109
192
-
-
withholding
81
143
-
-
total
190
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
700
769
636
667
After tax
850
781
914
883
Living cost
408
408
408
408
Free-cash
442
373
506
475

Estimated living cost  is $408 per week

$258
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$413
$546
$515
$479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
198
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
329
total
-
-
-
667
Employee
456
-
1 232
-
pensions
52
-
72
-
surtax
-
-
-
-
social contributions
13
-
35
-
income
24
-
211
-
total
89
-
318
-
Employer
456
-
1 232
-
health
32
-
98
-
pensions
75
-
124
-
unemployment
18
-
50
-
social contributions
1
-
4
-
other
16
-
42
-
total
142
-
318
-
Corporate
952
1 550
-
-
income
266
434
-
-
surtax
-
-
-
-
total
266
434
-
-
Dividends
685
1 116
-
-
surtax
-
-
-
-
social contributions
118
192
-
-
withholding
88
143
-
-
total
206
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
703
769
636
667
After tax
847
781
914
883
Living cost
368
368
368
368
Free-cash
479
413
546
515

Estimated living cost  is $368 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$693
$727
$742
$699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
233
social contributions
-
-
-
214
health
-
-
-
108
total
-
-
-
555
Employee
405
-
1 550
-
social contributions
56
-
214
-
income
68
-
248
-
health
28
-
108
-
total
152
-
570
-
Employer
405
-
1 550
-
total
-
-
-
-
Corporate
1 145
1 550
-
-
income

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

57
77
-
-
total
57
77
-
-
Dividends
1 088
1 473
-
-
social contributions
150
203
-
-
withholding
163
221
-
-
health
76
103
-
-
total
389
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
598
604
570
555
After tax
952
946
980
995
Living cost
253
253
253
253
Free-cash
699
693
727
742

Estimated living cost  is $253 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
$442
$3
$359
$423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
324
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
770
Employee
597
476
1 202
-
other
6
5
12
-
unemployment
18
14
36
-
pensions
61
49
123
-
income
68
35
271
-
health
23
18
47
-
total
176
121
489
-
Employer
597
476
1 202
-
chamber of commerce
2
2
5
-
health
23
18
45
-
pensions
75
60
151
-
accident
8
6
16
-
unemployment
18
14
36
-
surtax
2
2
2
-
payroll
18
14
36
-
other
28
23
57
-
total
174
139
348
-
Corporate
779
935
1 156
-
income

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

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

195
234
289
-
total
195
234
289
-
Dividends
585
701
-
-
withholding
161
193
-
-
total
161
193
-
-
Income
1 550
1 550
1 550
1 550
Total tax
706
687
1 126
770
After tax
844
863
424
780
Living cost
421
421
421
421
Free-cash
423
442
3
359

Estimated living cost  is $421 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$433
$142
$256
$252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
communal

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

-
-
-
78
social contributions
-
-
-
246
national
-
-
-
535
total
-
-
-
859
Employee

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

854
-
1 201
-
unemployment

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

7
-
10
-
communal

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

45
-
63
-
pensions

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

64
-
90
-
national
263
-
404
-
health

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

40
-
56
-
total
419
-
623
-
Employer

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

854
-
1 201
-
health

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

53
-
74
-
pensions

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

76
-
106
-
accident

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

11
-
16
-
unemployment

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

12
-
18
-
surtax
97
-
136
-
total
249
-
350
-
Corporate
448
1 550
-
-
income
90
310
-
-
surtax
2
6
-
-
total
92
316
-
-
Dividends
356
1 234
-
-
withholding

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

103
366
-
-
total
103
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
863
682
973
859
After tax
687
868
577
691
Living cost
435
435
435
435
Free-cash
252
433
142
256

Estimated living cost  is $435 per week

$280
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.
$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 Brussels model

Close
Barcelona , Spain
$608
$376
$434
$517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
10
income
-
-
-
353
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
685
Employee
594
-
1 197
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
320
-
total
163
-
390
-
Employer
594
-
1 197
-
pensions
140
-
261
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
353
-
Corporate
766
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.

115
233
-
-
total
115
233
-
-
Dividends
651
1 317
-
-
withholding
134
278
-
-
total
134
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
602
511
743
685
After tax
948
1 039
807
865
Living cost
431
431
431
431
Free-cash
517
608
376
434

Estimated living cost  is $431 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$284
$241
$179
$165
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
communal
-
-
-
98
accident
-
-
-
13
income
-
-
-
193
surtax
-
-
-
77
health
-
-
-
109
pensions
-
-
-
232
total
-
-
-
722
Employee
904
-
1 385
-
pensions
72
-
111
-
surtax
55
-
85
-
income
87
-
237
-
health
40
-
62
-
total
254
-
495
-
Employer
904
-
1 385
-
health
28
-
42
-
pensions
72
-
111
-
accident
8
-
12
-
total
108
-
165
-
Corporate
538
1 550
-
-
communal
36
105
-
-
income
81
233
-
-
surtax
6
16
-
-
total
123
354
-
-
Dividends
415
1 197
-
-
income
189
84
-
-
withholding
62
179
-
-
total
251
263
-
-
Income
1 550
1 550
1 550
1 550
Total tax
736
617
660
722
After tax
814
933
890
828
Living cost
649
649
649
649
Free-cash
165
284
241
179

Estimated living cost  is $649 per week

$487
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.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$707
$447
$472
$670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
340
other
-
-
-
-
surtax
-
-
-
47
unemployment
-
-
-
3
health
-
-
-
110
pensions
-
-
-
310
total
-
-
-
810
Employee
402
-
1 280
-
other
-
-
-
-
unemployment
28
-
89
-
pensions
27
-
85
-
surtax
1
-
43
-
income
67
-
315
-
health
10
-
33
-
total
133
-
565
-
Employer
402
-
1 280
-
health
18
-
58
-
pensions
54
-
171
-
unemployment
13
-
41
-
other
-
-
-
-
total
85
-
270
-
Corporate
1 063
1 550
-
-
income
276
403
-
-
total
276
403
-
-
Dividends
787
1 147
-
-
withholding
118
172
-
-
total
118
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
575
835
810
After tax
938
975
715
740
Living cost
268
268
268
268
Free-cash
670
707
447
472

Estimated living cost  is $268 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$493
$369
$443
$466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
399
regional
-
-
-
23
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
785
Employee
662
-
1 550
-
municipal
4
-
8
-
national
105
-
307
-
regional
9
-
21
-
social contributions
223
-
523
-
total
341
-
859
-
Employer
662
-
1 550
-
total
-
-
-
-
Corporate
888
1 550
-
-
municipal
44
77
-
-
nationa
213
372
-
-
total
257
449
-
-
Dividends
631
1 101
-
-
withholding
164
286
-
-
total
164
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
762
735
859
785
After tax
788
815
691
765
Living cost
322
322
322
322
Free-cash
466
493
369
443

Estimated living cost  is $322 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$706
$426
$421
$577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
138
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
209
total
-
-
-
768
Employee
530
-
1 157
-
solidarity contribution
-
-
-
-
social contributions
34
-
75
-
income
64
-
139
-
health
72
-
156
-
total
170
-
370
-
Employer
530
-
1 157
-
health
48
-
104
-
social contributions
133
-
289
-
total
181
-
393
-
Corporate
839
1 550
-
-
income
159
295
-
-
total
159
295
-
-
Dividends
680
1 255
-
-
withholding
102
188
-
-
total
102
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
612
483
763
768
After tax
938
1 067
787
782
Living cost
361
361
361
361
Free-cash
577
706
426
421

Estimated living cost  is $361 per week

$268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$484
$44
$401
$477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
324
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
258
total
-
-
-
768
Employee
522
476
1 204
-
other
5
5
12
-
unemployment
16
14
36
-
pensions
53
49
123
-
income
46
35
271
-
health
20
18
47
-
total
140
121
489
-
Employer
522
476
1 204
-
chamber of commerce
2
2
5
-
health
20
18
45
-
pensions
65
60
151
-
accident
7
6
16
-
unemployment
16
14
36
-
surtax
-
-
-
-
payroll
16
14
36
-
other
25
23
57
-
total
151
137
346
-
Corporate
878
937
1 158
-
income

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

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

220
234
290
-
total
220
234
290
-
Dividends
659
703
-
-
withholding
181
193
-
-
total
181
193
-
-
Income
1 550
1 550
1 550
1 550
Total tax
692
685
1 125
768
After tax
858
865
425
782
Living cost
381
381
381
381
Free-cash
477
484
44
401

Estimated living cost  is $381 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1323
$1090
$1384
$1295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
187
-
1 550
-
income
37
-
310
-
total
37
-
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%.

1 363
1 550
-
-
total
-
-
-
-
Dividends
1 363
1 550
-
-
withholding
68
77
-
-
total
68
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
105
77
310
16
After tax
1 445
1 473
1 240
1 534
Living cost
150
150
150
150
Free-cash
1 295
1 323
1 090
1 384

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$747
$421
$465
$647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 550
income
-
-
-
327
unemployment
-
-
-
2
health
-
-
-
153
pensions
-
-
-
283
total
-
-
-
765
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.

528
-
1 341
-
unemployment
1
-
2
-
pensions
82
-
208
-
income
91
-
303
-
health
34
-
87
-
total
208
-
600
-
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.

528
-
1 341
-
health
35
-
89
-
pensions
47
-
119
-
unemployment
-
-
1
-
total
82
-
209
-
Corporate
940
1 550
-
-
income
179
295
-
-
total
179
295
-
-
Dividends
761
1 255
-
-
withholding
114
188
-
-
total
114
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
583
483
809
765
After tax
967
1 067
741
785
Living cost
320
320
320
320
Free-cash
647
747
421
465

Estimated living cost  is $320 per week

$220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$433
$884
$561
-$212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
302
social contributions
-
-
-
177
total
-
-
-
479
Employee
731
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
731
-
-
-
social contributions
1 031
-
147
-
total
1 031
-
147
-
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
1 252
607
156
479
After tax
298
943
1 394
1 071
Living cost
510
510
510
510
Free-cash
-212
433
884
561

Estimated living cost  is $510 per week

$331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$508
$374
$474
$496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income
-
-
-
163
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
702
Employee
549
-
1 253
-
surtax
-
-
-
-
social contributions
60
-
138
-
income
114
-
367
-
total
174
-
505
-
Employer
549
-
1 253
-
social contributions
130
-
297
-
total
130
-
297
-
Corporate
871
1 550
-
-
income
183
325
-
-
surtax
-
-
-
-
total
183
325
-
-
Dividends
688
1 225
-
-
withholding
193
343
-
-
total
193
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
680
668
802
702
After tax
870
882
748
848
Living cost
374
374
374
374
Free-cash
496
508
374
474

Estimated living cost  is $374 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$204
$337
$306
$288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
198
other
-
-
-
48
surtax
-
-
-
-
social contributions
-
-
-
44
health
-
-
-
48
pensions
-
-
-
329
total
-
-
-
667
Employee
748
-
1 232
-
pensions
85
-
72
-
surtax
-
-
-
-
social contributions
21
-
35
-
income
65
-
211
-
total
171
-
318
-
Employer
748
-
1 232
-
health
52
-
98
-
pensions
123
-
124
-
unemployment
30
-
50
-
social contributions
2
-
4
-
other
26
-
42
-
total
233
-
318
-
Corporate
569
1 550
-
-
income
159
434
-
-
surtax
-
-
-
-
total
159
434
-
-
Dividends
410
1 116
-
-
surtax
-
-
-
-
social contributions
70
192
-
-
withholding
52
143
-
-
total
122
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
685
769
636
667
After tax
865
781
914
883
Living cost
577
577
577
577
Free-cash
288
204
337
306

Estimated living cost  is $577 per week

$390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1036
$843
$802
$996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
48
social contributions
-
-
-
341
total
-
-
-
389
Employee
384
-
1 342
-
income
-
-
53
-
social contributions
25
-
87
-
total
25
-
140
-
Employer
384
-
1 342
-
social contributions
59
-
208
-
total
59
-
208
-
Corporate
1 107
1 550
-
-
income
111
155
-
-
total
111
155
-
-
Dividends
996
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
195
155
348
389
After tax
1 355
1 395
1 202
1 161
Living cost
359
359
359
359
Free-cash
996
1 036
843
802

Estimated living cost  is $359 per week

$232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1050
-$1050
$369
-$1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
labour market
-
-
-
123
municipal
-
-
-
306
national
-
-
-
167
pensions
-
-
-
10
total
-
-
-
606
Employee
2 426
2 426
2 426
-
municipal
517
517
517
-
labour market
194
194
194
-
pensions
3
3
3
-
national
296
296
296
-
total
1 010
1 010
1 010
-
Employer
2 426
2 426
2 426
-
national
297
297
297
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 015
1 015
1 015
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
2 025
2 025
2 025
606
After tax
-475
-475
-475
944
Living cost
575
575
575
575
Free-cash
-1 050
-1 050
-1 050
369

Estimated living cost  is $575 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
-$137
$559
$800
$84
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
404
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
487
Employee
413
-
1 360
-
pensions
47
-
92
-
income
57
-
291
-
health
47
-
156
-
total
151
-
539
-
Employer
413
-
1 360
-
pensions
67
-
133
-
accident
7
-
23
-
unemployment
10
-
33
-
total
84
-
189
-
Corporate
1 053
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.

948
1 395
-
-
total
948
1 395
-
-
Dividends
105
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 203
1 424
728
487
After tax
347
126
822
1 063
Living cost
263
263
263
263
Free-cash
84
-137
559
800

Estimated living cost  is $263 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$546
$391
$602
$551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
health
-
-
-
19
municipal
-
-
-
276
national
-
-
-
195
total
-
-
-
490
Employee
628
-
1 304
-
municipal
103
-
213
-
unemployment
9
-
20
-
pensions
42
-
88
-
national
10
-
120
-
health
5
-
15
-
total
169
-
456
-
Employer
628
-
1 304
-
health
5
-
10
-
pensions
109
-
226
-
accident
1
-
1
-
unemployment
4
-
8
-
total
119
-
245
-
Corporate
803
1 550
-
-
income
161
310
-
-
total
161
310
-
-
Dividends

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

482
930
-
-
municipal
87
167
-
-
national
5
69
-
-
total
92
236
-
-
Income
1 550
1 550
1 550
1 550
Total tax
541
546
701
490
After tax
1 009
1 004
849
1 060
Living cost
458
458
458
458
Free-cash
551
546
391
602

Estimated living cost  is $458 per week

$299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$857
$793
$809
$791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
232
social contributions
-
-
-
193
health
-
-
-
40
total
-
-
-
465
Employee
918
918
1 421
-
social contributions
35
76
103
-
income
100
85
225
-
health
7
16
24
-
total
142
177
352
-
Employer
918
918
1 421
-
health
8
17
26
-
social contributions
35
76
103
-
total
43
93
129
-
Corporate
1 089
539
-
-
income
136
67
-
-
total
136
67
-
-
Dividends
953
472
-
-
withholding
162
80
-
-
total
162
80
-
-
Income
1 550
1 550
1 550
1 550
Total tax
483
417
481
465
After tax
1 067
1 133
1 069
1 085
Living cost
276
276
276
276
Free-cash
791
857
793
809

Estimated living cost  is $276 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1094
$847
$1088
$1034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 550
income
-
-
-
153
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
272
Employee

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

274
-
1 433
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
124
-
health
23
-
96
-
total
84
-
396
-
Employer

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

274
-
1 433
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 248
1 550
-
-
income
112
139
-
-
total
112
139
-
-
Dividends
1 135
1 411
-
-
withholding
102
127
-
-
total
102
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
326
266
513
272
After tax
1 224
1 284
1 037
1 278
Living cost
190
190
190
190
Free-cash
1 034
1 094
847
1 088

Estimated living cost  is $190 per week

$121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$711
$479
$537
$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
-
-
-
1 550
accident
-
-
-
10
income
-
-
-
353
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
685
Employee
441
-
1 197
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
320
-
total
113
-
390
-
Employer
441
-
1 197
-
pensions
104
-
261
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
353
-
Corporate
968
1 550
-
-
income

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

145
233
-
-
total
145
233
-
-
Dividends
823
1 317
-
-
withholding
170
278
-
-
total
170
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
569
511
743
685
After tax
981
1 039
807
865
Living cost
328
328
328
328
Free-cash
653
711
479
537

Estimated living cost  is $328 per week

$222
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.
$69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$943
$968
$969
$940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
526
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
557
Employee
37
-
1 530
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
525
-
health
2
-
4
-
total
12
-
538
-
Employer
37
-
1 530
-
health
3
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
8
-
20
-
Corporate
1 505
1 550
-
-
income
331
341
-
-
total
331
341
-
-
Dividends
1 174
1 209
-
-
withholding
235
242
-
-
total
235
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
586
583
558
557
After tax
964
967
992
993
Living cost
24
24
24
24
Free-cash
940
943
968
969

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$914
$673
$673
$856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 550
income
-
-
-
338
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
671
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.

311
-
1 392
-
unemployment
2
-
7
-
pensions
43
-
123
-
income
43
-
338
-
health
16
-
45
-
total
104
-
513
-
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.

311
-
1 392
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
1 184
1 550
-
-
income
178
232
-
-
total
178
232
-
-
Dividends
1 006
1 318
-
-
withholding
151
198
-
-
total
151
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
488
430
671
671
After tax
1 062
1 120
879
879
Living cost
206
206
206
206
Free-cash
856
914
673
673

Estimated living cost  is $206 per week

$139
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
$560
$426
$526
$555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income
-
-
-
163
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
702
Employee
463
-
1 253
-
surtax
-
-
-
-
social contributions
51
-
138
-
income
91
-
367
-
total
142
-
505
-
Employer
463
-
1 253
-
social contributions
110
-
297
-
total
110
-
297
-
Corporate
977
1 550
-
-
income
205
325
-
-
surtax
-
-
-
-
total
205
325
-
-
Dividends
772
1 225
-
-
withholding
216
343
-
-
total
216
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
673
668
802
702
After tax
877
882
748
848
Living cost
322
322
322
322
Free-cash
555
560
426
526

Estimated living cost  is $322 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$619
$387
$445
$533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
10
income
-
-
-
353
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
685
Employee
577
-
1 197
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
320
-
total
157
-
390
-
Employer
577
-
1 197
-
pensions
136
-
261
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
353
-
Corporate
790
1 550
-
-
income

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

118
233
-
-
total
118
233
-
-
Dividends
671
1 317
-
-
withholding
138
278
-
-
total
138
278
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
511
743
685
After tax
953
1 039
807
865
Living cost
420
420
420
420
Free-cash
533
619
387
445

Estimated living cost  is $420 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1120
$1054
$1000
$1047
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
233
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
345
Employee
272
-
1 468
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
147
-
health
13
-
19
-
total
67
-
208
-
Employer
272
-
1 468
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 225
1 550
-
-
income
122
155
-
-
total
122
155
-
-
Dividends
1 102
1 395
-
-
withholding
55
70
-
-
total
55
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
298
225
291
345
After tax
1 252
1 325
1 259
1 205
Living cost
205
205
205
205
Free-cash
1 047
1 120
1 054
1 000

Estimated living cost  is $205 per week

$136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$337
$566
$423
$493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income

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

-
-
-
418
surtax

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

-
-
-
23
health

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

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

-
-
-
82
trade
-
-
-
143
total
-
-
-
666
Employee

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

594
-
1 550
-
surtax

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

3
-
23
-
income

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

49
-
418
-
health

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

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

82
-
82
-
total
134
-
523
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
956
1 550
-
-
income
143
233
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
137
222
-
-
total
291
472
-
-
Dividends
664
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
162
265
-
-
total
171
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
596
752
523
666
After tax
954
798
1 027
884
Living cost
461
461
461
461
Free-cash
493
337
566
423

Estimated living cost  is $461 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$405
$302
$302
$431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
423
social contributions
-
-
-
145
total
-
-
-
568
Employee
934
-
1 550
-
income
176
-
423
-
social contributions
78
-
145
-
total
254
-
568
-
Employer
934
-
1 550
-
total
-
-
-
-
Corporate
616
1 550
-
-
income
77
194
-
-
total
77
194
-
-
Dividends
539
1 356
-
-
withholding
108
271
-
-
total
108
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
439
465
568
568
After tax
1 111
1 085
982
982
Living cost
680
680
680
680
Free-cash
431
405
302
302

Estimated living cost  is $680 per week

$517
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$511
$703
$705
$553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
340
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
-
-
-
412
Employee
548
-
1 495
-
income
59
-
304
-
social contributions
55
-
55
-
total
114
-
359
-
Employer
548
-
1 495
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
948
1 550
-
-
income
332
543
-
-
total
332
543
-
-
Dividends
616
1 007
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 550
1 550
1 550
1 550
Total tax
564
606
414
412
After tax
986
944
1 136
1 138
Living cost
433
433
433
433
Free-cash
553
511
703
705

Estimated living cost  is $433 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$630
$483
$626
$651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
385
pensions
-
-
-
96
total
-
-
-
481
Employee
608
-
1 359
-
pensions
46
-
122
-
income
111
-
289
-
health
8
-
22
-
total
165
-
433
-
Employer
608
-
1 359
-
health
12
-
26
-
pensions
61
-
165
-
total
73
-
191
-
Corporate
869
1 550
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

165
295
-
-
total
165
295
-
-
Dividends
704
1 255
-
-
withholding
53
182
-
-
total
53
182
-
-
Income
1 550
1 550
1 550
1 550
Total tax
456
477
624
481
After tax
1 094
1 073
926
1 069
Living cost
443
443
443
443
Free-cash
651
630
483
626

Estimated living cost  is $443 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-$163
$533
$774
$81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
404
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
487
Employee
454
-
1 360
-
pensions
51
-
92
-
income
62
-
291
-
health
52
-
156
-
total
165
-
539
-
Employer
454
-
1 360
-
pensions
74
-
133
-
accident
8
-
23
-
unemployment
11
-
33
-
total
93
-
189
-
Corporate
1 004
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.

903
1 395
-
-
total
903
1 395
-
-
Dividends
100
155
-
-
withholding
19
29
-
-
total
19
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 180
1 424
728
487
After tax
370
126
822
1 063
Living cost
289
289
289
289
Free-cash
81
-163
533
774

Estimated living cost  is $289 per week

$212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$1143
$879
$715
$1088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
income
-
-
-
247
unemployment
-
-
-
19
work injury
-
-
-
8
health insurance
-
-
-
115
pensions
-
-
-
285
total
-
-
-
674
Employee

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

258
-
1 550
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
176
-
income
26
-
247
-
total
96
-
510
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 292
1 550
-
-
income

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

13
16
-
-
total
13
16
-
-
Dividends
1 279
1 534
-
-
withholding
192
230
-
-
total
192
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
301
246
510
674
After tax
1 249
1 304
1 040
876
Living cost
161
161
161
161
Free-cash
1 088
1 143
879
715

Estimated living cost  is $161 per week

$100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$340
$206
$277
$286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
social contributions
-
-
-
399
regional
-
-
-
34
municipal
-
-
-
10
national
-
-
-
354
total
-
-
-
797
Employee
1 006
-
1 550
-
municipal
6
-
9
-
national
170
-
307
-
regional
15
-
29
-
social contributions
339
-
523
-
total
530
-
868
-
Employer
1 006
-
1 550
-
total
-
-
-
-
Corporate
544
1 550
-
-
municipal
26
75
-
-
nationa
131
372
-
-
total
157
447
-
-
Dividends
387
1 103
-
-
withholding
101
287
-
-
total
101
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
788
734
868
797
After tax
762
816
682
753
Living cost
476
476
476
476
Free-cash
286
340
206
277

Estimated living cost  is $476 per week

$334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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